Living Hope Church (Kemi Ilori Ministries) Limited
Trustees Annual Report 2023
Charity number: 1106925 Company number: 5089351
The Trustees are pleased to present their report together with the financial account of the charity for the year ending 31st December 2023.
Reference and administrative details
Charity number: 1106925
Company number: 5089351
Registered Office: 51 Holly Way, LEEDS LS14 6NF
Bankers: Natwest Bank
Directors and Trustees
The directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
Structure, Governance and Management
Governing Document
Living Hope Church (Kemi Ilori Ministries) Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 31[st] March 2004. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company.
Organisation
The Trustees administer the charity.
Objectives and activities
The object of the charity is:
- To promote the Christian faith based on the gospel of the Lord Jesus Christ through Churches and non-Church organisations, through the media, community and cultural events and missionary activities.
The main goals for the year were:
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Develop and consolidate the new branches of the church.
-
Train and commission new leaders.
-
Organise events and meetings focused on Christian worship, teaching, and education.
-
Offer moral, ethical, material, technical and professional support for Church members and groups to promote the mission and vision of Living Hope Church.
Trustees Annual Report 2023
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Living Hope Church (Kemi Ilori Ministries) Limited
Trustees Annual Report 2023
How we accomplished the goals
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We trained our staff on our strategic and operational framework, Our Faith, Our Life
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We reviewed our five-year developmental plan.
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We trained and ordained new church leaders.
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We supported our branches with needed resources.
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We strengthened our church networks through regular virtual church services on Zoom.
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We successfully carried out all our 2023 schedule of events and meetings focused on Christian worship, teaching and education.
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We offered moral, ethical, material, technical and professional support for Church members and groups to promote the Christian faith, where applicable .
Major areas of activity were:
There are four main areas of activity undertaken by Living Hope Church in any year:
-
The preaching and teaching of the good news of Jesus Christ through:
-
Worship meetings
-
Church website
-
Evangelism Flyers
-
Annual conferences
-
Community outreach
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Celebratory events on the Christian calendar
-
Networking with other Churches
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Social and pastoral care for Church members through:
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Home visits
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Welfare support
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Advice, counselling & training
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Community development work & organisational support through: ▪ Support for Church and non-Church-based organisations
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Support for vulnerable individuals
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Ecumenical and Churches Together activities. In particular, active role in: ▪ Yorkshire Prayer Conference
Financial Review
The Charity is reliant on the voluntary donations of Church members and the public.
Investment powers and policy
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Living Hope Church (Kemi Ilori Ministries) Limited
Trustees Annual Report 2023
Under the Memorandum and Articles of Association, the charity has the power to invest in any way the Trustees wish.
Reflections and Plans for future periods
Our five-year developmental plan has been updated.
Approved by the Trustees on 31[st] July 2024 and signed on their behalf by:
Kemi Ilori
DR O. A. ILORI
(Director)
Trustees Annual Report 2023 Page 3 of 3
Living Hope Church (Kemi Ilori Ministries) Limited
Charity Registration Number 1106925
Statement of Financial Activities from 1st January 2023 to 31st December 2023
| Unrestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|
| Funds | Income | Funds | 31.12.23 | ||
| Incoming | |||||
| Voluntary income | 45,700 | 0 | 0 | 45,700 | |
| Activities for generating funds | 0 | 0 | 0 | 0 | |
| Investment income | 0 | 0 | 0 | 0 | |
| Incoming resources from charitable activities | 0 | 0 | 0 | 0 | |
| Other incoming resources | 0 | 0 | 0 | 0 | |
| Total Incoming Resources | 45,700 | 0 | 0 | 45,700 | |
| Resources Expended | 0 | 0 | 0 | ||
| Cost of generating voluntary income | 3,000 | - | 0 | 3000 | |
| Fundraising trading costs | 0 | 0 | 0 | 0 | |
| Investment management costs | 0 | 0 | 0 | 0 | |
| Charitable activities | 37,500 | 0 | 0 | 37,500 | |
| Governance costs | 1,250 | 0 | 0 | 1,250 | |
| Other resources expended | 0 | 0 | 0 | 0 | |
| Total Resources Expended | 41,750 | 0 | 0 | 41,750 | |
| Net Incoming/Outgoing Resources Before Transfers | 3,950 | 0 | 0 | 0 | 3,950 |
| 0 | |||||
| Transfers | 0 | 0 | 0 | ||
| Gross transfers between funds | 0 | 0 | 0 | 0 | |
| Net incoming resources before other recognised | |||||
| gains/losses | 3,950 | 0 | 0 | 3,950 | |
| Other recognised gains/losses | 0 | 0 | 0 | ||
| Gains and losses on revaluation of fixed assets for the | |||||
| charity's own use | 1,725 | 0 | 0 | 1,725 | |
| Gains and losses on investment assets | 0 | 0 | 0 | 0 | 0 |
| Net Movement in Funds | 5,675 | 0 | 0 | 0 | 5,675 |
| Total funds carried forward | 5,675 | 0 | 0 | 5,675 |
Approved by the Trustees on 31st July, 2024 and signed on their behalf by:
Kemi Ilori
Dr. O.A. Ilori (Director)
LHC 2023 STATEMENT OF FINANCIAL ACCOUNTS
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Living Hope Church (Kemi Ilori Ministries) Limited
Charity Registration Number 1106925
BALANCE SHEET - Y/E 31st December 2023
Trustees’ responsibilities in relation to the financial statements
Company law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year.
In accordance with company law, as the company’s directors, we certify that as the directors of the company we have taken all the steps that we ought to have taken in order to give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year.
We confirm that:
(a) For the year ended 31st December 2023, the Charity was entitled to exemption under section 477(2) of the Companies Act 2006.
(b) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006;
(c) The Trustees acknowledge their responsibility for:
i. Ensuring the company keeps accounting records which comply with section 386; and
ii. Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
Approved by the Trustees on 31st July, 2024 and signed on their behalf by:
Kemi Ilori OLUWAKEMI ILORI 31.07.2024 Director's Signature Director's Name Date