crfty r•ol•lrntlon numb•v 1134208 Company r•ql•tr•llon numb•r 07034138 IEngl•nd •nd Walm) LIFE WITH HOPE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Caladine Chorlered Cerlified Accountants
LIFE WITH HOPE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru•t••• Rev E D Jones Mr R F Oufflll FCA Mrs J J Dudgeon Mr R N Hamitton Mrs C Noel Mr K Terrell IAppolnt•d 7 Docembgr 20231 Ch•rlty numb•r 1134288 Comp•ny numb•r 07034138 PrlnolpAI •ddr••• Bottle B4ptl8t Churth Office Mount 8tro81 Battle E8St Sussex TN33 OEG R•gl•l•r•d affle• Battle Baptlst Church Offl Mount Street Battlg East Sussex TN33 OEG lTrd•p•nd•nt •x*mln•r John Caladlno FCCA CTA FCIE Caladlne Llmiled Chantry Hou$e 22 Upperton Road E88lboumo Ea31 Su68gX 8N21 1BF B•nk•r• CAF 8ank Limll 26 Klngs Hlll Avenuo ng$ Hlll Wesl Malllng Kent ME19 4JQ 8•ll¢ttor• Mayo Wnn B8Xt•r 3 Bell Lan8 Lewes East Suss&x BN7 1JU
LIFE WITH HOPE TRUST CONTENTS g• Tfusts8s' raport Stsl•m•nt of trust¢o$' r88ponsiblliti.es Ind8p8nd•nl examlnevs Teport Stat8m•nl of flnandal actlvlllos statem•nl of finandal po8Mon NoleB to the flnandal 8tstem•nt• 8.18
LIFE WITH HOPE TRUST TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Tho trust886 prosanl their annual i•port and financlal statements for th& yoar end¢d 31 D•c•mb8r 2023. The financial statements have beèn prepared In accordèn¢o wth the accc4Jntlng pollcbs sol oul In note 1 to the flnancial slalgrngnts and Comply with th8 trusl's Memorandum and Afl6cles of As3ocialéon. Ihe Compani•s Act 2008 and 'Accounling and Reporting by Charities.. Statement of Reeommènded Practice applicable to chaTIIIo$ preparin9 Iheir accounts in attordance with the Financ(al Reportlng Standard appIlble In the UK and Republlc of Ireland {FRS 1021 (elfvcllvo 1 January 20191" ObhatlvM and otlvltb•• The obltrcts of the tru81, undor th& namo Battl• 8apt+$t Church, are the advancement of t ChrfJl8n f86th occording to tho principlès of the Baptist denominalion, th8 8dvanrAmenl of education for the puL41c be1, to meet Ihg prgctlcBI and Splrllual ne8ds ol th8 loc41 commun5ty and othor charltabl• purpos•8, a¥ the Irusl••8 m•y decide, in the United Kingdom and other parts of the World. Volunt••rB The trust 1$ 9raleful lo the mole than 100 volunleerts wtto givo thelr me fr•oly In support of its aims and oblecUve$. Publlo b•n•llt We havo eon8ldèr8d th& guldanc• of th• Chadty Commlsslon on publlc benofft and In partlcular thè 8p•cM¢ guldance on charrties lor th• advanment of rollglon. In planning our acilvlU•s, wa alrn to enable ordinary peopl• to live out their Chrlslkfjn faith as part of the local comrnunlty Ihrtsugh wor$hlp and praygr, learnlng fjbout the Gosp. dèvaloplng thglr knowl•dg• 8nd trust In J•sus, in Pfowdlng pastoral care for local resldenls and In mlssionary and outm•¢h Wk. A•hl•v•m•nts Ind p•rfornwno• Looklng beek ov•r 2023, il w8s anothor y8ar wh¢r& much took plfj, both wllhln our prornl888 on Mount Street, bul also o(rt In the wlder ¢OTnmunlty of Battl¢ and surroundlng area. Mè&tlng on sunday momlngs, wth 8•parat• provlslon for chlklren and youth. we have contlnuod lo so• growlh In terms of th0 ongaglng with our mlnl81ry both In person, bLrt olso through th• live-streamlrbg of our Sunday galhertngs. Midweek actltIeS h8ve been well attended across thè ttge rang88 the pwmlses Ing used In an ever In¢roa$ing way. W• beo•n the yaar once ag8ln off•rSng a 'Wami Welcome. Space for the month? of January through March, as part of th6 natlonal inltlative, and again al Its conclusion in Novemb&r and 0Mbar. W• also w?Icomgd group8 ITOM th• local prfmary ¥chool around Ea$l8r and Chri8tmas. Awar• of Ihe m8ko-up of 80tt1&, bglng very mu¢h a MmUnity focussed t(Mn. as a church w¥ h8ve sought lo join in with 4 number of events Ihal wer¥ belng PLrt on, Segklng to offgr pradlcal help where needed as well a8 encouraging people to slmpty lum up and show Support through thelr attgndanc•. In May we launched a C¢)mmunlty Sports Sunday in partnorshlp wrth 84tt1¥ Town Foolball Club. Thi¥ was a day of events lor all ages and sportlng ablliltes. with various opportunttl•$ foi p•opl• lo comg •long, have & go or ch88r on tho90 activèly gettlng involved. Inv•8tm•nt In our overseas Ilnks, both finandal and In terns of people engagement ¢ont(nu¢d Sn 2023. Acros6 the y8OT Wg wgTe fortunate lo b¢ ablè lo host all of our mlssion pariners - thoBo WO support from v4rtous places around the worfd and another team travelled to the Hoty Land for 12 day5 during the summer. to help run hcliday Club for childran based In the Wesl Bank.
LIFE WITH HOPE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnon¢l•l r•¥l•w Prlnolp•l fvndlnq •our¢•8 Tha major Sources Df funds aro freewill offerings, grtts, donallons, legaaes. rnnt from the letung of chuTch pMiSeS and tax Tefvnds under tho glft aid scheme. TheT8 has been a ¢onllnulng flow ol offerlngs paid dir•dly Inlo the church bank o¢¢ounl and the flnandal pos6kn.on ofth8 trust is satisfactory. wllh adequate reseNas. In¥Mtm•Trt polloy The majority of monles ar¥ hdd In deposlt aCC4)unts wlth T•cognlBed flnandal Institutions and th• Baptist Union Corpofatlon, the lattèr a recognised dgposil takei. Tho trust seeks to oblaln the highest PolbIg r8lum8 ¢onsist8nt with a cautious attitude lo rlsk and Short temi availabS11ty of such monies. R•ry•* polloy It is the pollcy of th• trust lo acxumulalo an &dequal• le1 of ca8h and madlly occe8$lble reseN•$ dfj•m•d Jurnclent to meet likely unèxpedèd 8xp8ndlture needs. Sublgct to any donovs wlshos, restricted fund5 are generally held lo m•816POCAfic purpo6 for eapltal prol8cts. The rA5h bal•n¢& al the ytrar end amounted to £181,124. Cuvr•nt lknangl41 r••W There was an exce85 of •xp8ndltLtrr8 over In¢om• for the yoar of £18,184 a8 p•r pag• 8 of tho5• fln•nclal ylabm•nt$. At the end of tho yoar tho trust hold funds 01 £191,768. £180,820 unreslrlct¢d (of whlch £15,799 deslgnotadl and £11,148 restrlcled. Rk m•naq•fti•nt Tho Iwst•es hav6 a duty lo idtrnbfy and review tha major OP8Tatlonal Sk$ lo whith tho ¢harlty 1$ •xposed and to •nsur• approprlale controls ar¥ In place to Provide reasonable a$$ur8nce against fraud and arror. Sysltrms ha been $stobllsh8d to enable regular reports to b8 produced so that st•ps can be taken to mlnSmlse all rl8k$. Pollcles on health and safety issues, on child protection 4nd on vulnoreble adull$ h•vo ljeen mulntsln•d AThJ regularly revlewed In Ihe year ended 31 December 2023.
LIFE WITH HOPE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stru¢iur•. g•v•rnanv ond mgnag•m•nt The d)orily Is ntrolled by its governing document, a memorandum and articles of as8oclalon and constitutes a limll8d company, limited by guarante¢, as d8finad by th• Companies Act 2006. The trust was formed lo tskg over tha mlnlslry ond affalrs of Battle Baptlst Church and tho a&8els of th• ehur¢h were transfèrrad to the trust on 1 April 2010, with the tPtIon of the church land and property which 15 held on trust by the Bapll81 Union Cofpoi4tlon Limited for the benefit of the churth. Th• Charlly Commisslon has agrg¢d that tho name 88ttle Bapti81 Church can bé usod as an op8raUng narne and the objects and adlvities of the trust are Identlcgj to those Df th• former ehuK. The IN$legs, who arè also th8 dlroctors for the purpos6 of company law. and who served during th• y&8r 8nd up lo the dale of signature olth• finan¢lal $t•l•mènls wor8.. Rgv E D Jonas Mi R F Duffill FCA Mrs J J Dudgéon Ml8s C M Dousl Mr R N HamiKon Mr8 C Noèl Mr K Tèrrell IRellr¥d 2 October 2023) (Appointed 7 December 2023) Now trustses shall be appointgd by proces$ that arè publlc, clear and opon so that all Members ol Battlo B8ptSst Church ar8 anabled lo consldei prayerfulty whlch Eld&rs and 08acons should bo appolnt•d. After the rècèlpt of nominallon8 for any vacancbes. and after the 8pproprlat& nollc• has been glwn, 8 $•crnt ballot will be held at an Ordinary Church Members, Meeting. Those candidatety r•¢èiving tho highest number of volos sh811 b8 elected provlded ea¢h ¢andldat8 shall hgv• r•c•lvad votes from g1194Bt 68% of Ihose Church Members who volod al the meellng. Every member ol the ¢harSty und&rt8k•$ to oonlrtbutg such amount as may b• r•qulrad Inol exceodlng £20}11 ft should ba wound up, towards tho ¢harflY$ debts and Ilablllthl. The trust Is managed on a d•y to djy b4sls by tho mlnlsterlal team, d)ur¢h m8n8g•r, alders and support 618ff. Those report to tho trustees. who m8el regularly. Whilst thè trustees are legally responbI for tha organ15atJon and mangmènl ol the trust, r•gul&r church members, meetings cOntInL to be held accordan¢g wlth tha Pract1 of Baptsst chur(¢s and due nots 18 lakon by the Iruslee& of thè mattèrs dlscussod and the decisions rea¢hod in those mgetings. The truslw$' report was approved by the Boerd of Trustees. Mr R F Dufflll FCA Trusteo D•t•d-.
LIFE WITH HOPE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Irustges. who are also the dlTeetDrs of Llfe wlth Hope Trust for the purpose ol company law. are rgsponsbble for prèparing th$ TTuslèès' Report gnd the financlal statements In a¢¢ordanco with appllcable law and Uniled Kingdom Accounting Standards (United Kingdom G&neialty Aecepled Accounting Practlcel. Company Law r•quiTgS tho trustèes lo propare ftnanclal statements for each finan¢lal yr whSch glve o true fair viow of th¢ stale of affairs ol the tru8t and of the Incoming resourcos and applicallon of re8ource8. Indudlng the income and expend6tUTe, of tho eharltable company lor that y¢aT. In PT8parfng these finandal 51at¢menls. th• truslegs are r•qulTed to.. - 8•l•ct suftabl8 accountlng polldes and th•n apply thern conslslontty. - obwvg Iho m•thods and prtndpbs In th• CharlU•$ SORP., - make judgements 8rKI •stimats$ Ihal are roasonablo and prudent; 818le whoth•r Appllcable UK A¢¢ountlng Slandords have b&•n followed, subject lo any malerfal d?partur•s dls¢¢tssed and explalned in the finan¢Sal 8latem8nts: and prepare the financlal statsments on thè going concem b881s unb8$ it Inapproprlate lo pr•8umt thal Ihe tru81 VAII conttnuo In operallon. Th& Ifuslees are rosponslble lor k8eplng adequato accounilng records thot dl$¢lose wlth Teasonable ae¢urocy at ony Ilma th¢ Ilnan¢lal po8illon of the tIU51 and •nabl¢ Ihern lo onsur¢ that th8 finand81 slat&menls comply wbth the Companles Act 2006. They Aro also r&spon$lblo for saleguardlng th8 ass¥ts of the Injst and h•nce for lakbng roasonabl4 steps for the prevenlbon and dglection of fraud and other IrreguladUe$.
LIFE WITH HOPE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE WITH HOPE TRUST I report to the trustees on my examinallon of the flnand81 slatefflenls of Llfe wth Hope Trust (the Irustl for lh8 year ded 31 December 2023. RupoMlblllll•• and bA¥l• •f r•port As the Iruslees of the Irust land also Its dlreclors for the purposes ol cs)mpany low) you are responslble for lh• Preparat[ of the Ilnancial stal$menls In a¢eordants with the rtsqulrsment$ of the Companles Act 2006 (th• 2ce Ad). Hav¢ng Satisfi myself that Ihe financlal slatements of the IFu$I 8re not required to ba audiled under Part 16 01 the 20ce Aet and are eligible for Independent gxamlnatlon. I report in r•sp8cI of my examlnatlon of the IrLFsI's financial 5t816menls Carried out under s&¢llon 145 01 thè Chariti85 A¢1 2011 Ilhe 2011 Actl. In carrylng out my examination I hav& follow¢d all the appll¢able Dlrt¢Uons glven by th• Charlty Commi8slon under s•dion 14515llbl ol tho 2011 Ad. Ind•p•nd•nt •x•mln•t• •t•t•m•nt I h•ve complèled my examlnBtlon. I confimi that no matters hav• come lo my ettèntlon In ¢onnactlon wlth the examinatlon gbvlng mo Cause to b811eve that in any malerlel respect.. accountlng rocords were not kept In rè$p8ct of the trust as requlred by 89don 388 ofthe 2006Act,' or th• financlal $latemenl$ do not ac¢ord wtth th0 racofds: or thè financial $lat8menls do not cornpty wlth the accounting requirements ol sg¢tlon 396 of tha 2006 Act other than any requlromgnt that lh& accounts glvo a Inje and falr vlew whlch15 not a mallOT consld¢ied as of an Sndep•ndgnl oxamin8tion'. OT the flnanfJal stalm8nls not bgon propered In accoTdan¢e wllh th• methods and prlnclples 01 the statemant of Rtrcommèndod Praclke lor accounlln9 and r•portlng by eharifjè8 appll¢able to ¢hgrfts86 pr8parlng th•lr accounts In accordCe wllh the Flnanclal Reportlng Standard appllcablo In th• UK and Ropublic of Ir$land IFRS 102). I have no conc•m$ and havè come across no olh•r matters In connedon wlth thg 8¥amlnallon lo whlch attentlon should bè drawn in this report In order to ènable e PrOr und8rst4ndlng of thè financlal stsleménts to be roached. John CAladln• FCCA FCIE Ch*rt•r•d C•rUfi•d Aaoountsnt C4ladln• Ltd Caladine Limrted Chantry Hous• 22 Upparton Road Easlbourn8 East Sussex BN21 1BF
LIFE WITH HOPE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unr••trf¢t•d RMtrl¢t•d funds fund* 2023 2Q23 Totsl UnMtrI(stsd Rmtrlotsd fvnd• funds 2022 2022 Total 2023 2022 In•om• from: Don4llons and legades Charitable activitlos Investments 221,844 10,140 5,882 223,344 10,140 5,882 222,229 10.288 2.237 225,529 10,288 2,237 Totsl Inaom• 237,868 1,500 239.386 234.754 3,300 238,064 EJtp•ndltur• •n: Charitable acti7l1ie¥ 248,250 9,300 2S7.550 232.537 232,537 Total •xp•ndllur• 248,250 257,S50 232,537 232,537 M•t Inoom•l(•xp•ndltur•l •nd ffl•v•m•nt In fund• (10.3841 I7,8) 118,1841 2.217 3,300 5,517 R•ogn•llthtton of fund•: Fund balan$ at 1 January 2023 191,004 18,946 209,950 188,787 15,648 204,433 Fund b4l•n¢M At 31 D•o•mb•r 2023 180,820 11.148 191,780 191,CQ4 18.946 209.950 The sthlan•nt of flnanclal adivMo8 Inc4ud88 all galns and r•cognl8ed In the y•8r. All kncome and •xpendlture darlve from COnnUIng act11108.
LIFE WITH HOPE TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 2022 Not•¥J I•d as••ts Propgty, planl and equlpm•nt 12 4.8 6,LYJO Curr•nl A• Trado and oth•r rec•tvablo8 Cash al bank and In hand IJ 9,172 181.124 18.043 190,938 IW.298 {3.3301 208.979 {5,0291 Curr•nt Il•blllO• 14 P4•t ¢urr•nt am• 188.986 203,950 T•¢•1 •M•t• l•B• guTh•nt Illblllti 191,788 209,900 Th• fvnd• of th• tru¥t R¥$trlcted IneA)me furKI$ unreth¢4 fur8 11,148 180,620 18,948 191,004 17 191,7e6 209,950 The company Is •nllll8d lo the exemption from the audlt requlr•mant eontalned In 9gdon 477 of th• Componl•s Act 2006, lor tho year end8d 31 D•cember 2023. The director a¢knowledge$ hls responsibllille$ for complylng wllh the f•qulrem•nts of th• Companlos Act 2006 wmh rospoct lo accijunling r8coTd$ and prèparallon of finandal stalemenl$. The mombers have not requlrod th• company to obtain an audlt of Its flnandal 8lat•m8nls for the year In qw8tion In accordance wlth sectlon 476. The8• finan¢lal slalem•nts b8en woparod In gccordanc• wAh the provl$liffM applIcab to comp8Ne$ 8ubSect to the small compankns reglme. Iv Tho financlal stalem•nts wgre approvad by tho trust8 On ..... Mr R F DLrffiII FCA Tru•t•• MrsJJ Tru•t•• Company r¢gistration nufflber 07034138 Fngland and Wale$l
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢£t7untini poll¢1•8 Comp•ny Infomiatlon Llfe wffh Hope Trust is a prfvat• trjmpany Ilmlied by guaranleo Incorporatéd In England and Wales. Th regblored office is Batt Bapllsl Church Offl¢•, Mount Street, 8Attle, East Sussex, TN33 OEG. 1.1 AaMuThtlno ooTrv•ntlon Thè financlol statemènts hav8 been prepared in a¢¢ordanc8 the trusls Memorandum and Arte5 of Association the Companles Act 2008 and "Ac¢ounling and Reportlng by Chaflties.. Slatemenl of Recommended Practice 8ppll¢abl• to charlfjes prepadng thelf a¢¢ounts In a¢cordan¢g with the Financial R&portSng Standard applicable in th& UK and Repybllc of Ir¥l4nd IFRS 102) leff•ctlve 1 January 2019)" The trust Is a Publle Benefit Enllty a8 definod by FRS 102. The tru81 has taken advantage ol the provl8lons In tho SORP for charllias apptylng FRS 102 Upd•le BUllen 1 r lo pr¢par8 a Stat•m•nt of Cash Fl¢)w8. The fn&ndal stslemonts are prnpa1 In starllng, whl¢h Is the fundonal currency ol tho Iru8t. Monetary amounts in th•s• financlfjl slalemenls aro rounded to the noaro$1 £. The financlal statamenls have b8en pr•p4r•d undor th• hl8lorkg1 cost ¢onventlon. Th• pdnclpal c¢ounllng policl8s adopted arg $01 out below. 1.2 Qolng ¢ono•rn At tho tlme of approvlng th• financlal Gtatsments. lh• tni8lee$ have a ro•sonabh •xpectafjon Ihal th• Iwsl ha5 adequate Tosources lo eonlinué In operatlonal oxlslenc• for the for8se•ablè bjlure. Thu8 IM trustses Contin lo adopt IM golng concgrn bas16 of 4ccounUng in prepartng the flnandal 518temonts. 1.3 ChArltsbl• fun Unreslrfclod lund6 ara avallabl• lor use at th• dl8crellon of the Irusl••$ In fUrth•rAn of I1r Charble obl•clN85. De$*Jn•lod funds comprls• fund8 which hav• been sal asld• at tho dlxralion of the IN$tso8 for $p•dftc purFKJses. Tho purposes and uses of the deslgnated fund6 gre set out In th• not•s to th• financhl statomenls. Resldcted funds aro subloct to spg¢lfic condthons by donor$ or grant$ 88 to how th•y may h used. Th• PUfPQge8 and uS of the rnstricled funds ore s81 out In the notos lo the finandal jtslefflenls. 1.4 Inoom• All income Is recognlsod In tho Stslamenl of Fln¥ncAal Ackn.tIeS onc• the charHy has èntitlgrnent lo the funds, It 1$ probable that the Income will be re¢eiv8d and the omount can be rn8aSUTed Igllably.
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢oountlng 1101 IC•TrUnu•dl 1.0 Exp•ndltur• Expenditur¢ 1$ recognised once there 15 a legal or (xjnslructlvè obllgatlon lo transfer èconomlc benefit 10 4 Ihlrd paty, tt Is probabl& that a transler of economic beneflts wlll b• requlrod in seltlemont, and the amount of the obligallon can be m&asured roliably. Expéndlturo Is classifièd by activlty. The costs of oach actlvlty aTe mada up of the lotsl of dlrgct cJ)sts and $hared eosls, induding support costs Involved In undertaklng each actity. Direct eosls altrlbulablo 10 a $lngl& vity are allocated directly to that activlty. Shared costs which ¢ontribLrte to morè than one acllvtty and Support costs which 8r• not attrlbutable lo a singl& ocllvity 4r9 apportioned bofvleen Ihose acllvltles on 8 basls con$i$tenl wlth the u3t of resources. Cenlr81 staff eosls are allo¢ated on the ba$1$ of Ilmo snI, and depreciAtion charg•s are allocated on the portlon of the asset's uso. Llabl1llS arè reeognlsed as expendrture a$ Soon a$ th•re Is a legal or (x>n8lructlve obllgalion commlwng lh• charity to that exp¥ndlture,11 Is probabl8 Ihal a Iransfer or economlc benèfits wlll be requir8d In s$ttlerngnl and Ihe 8mounl of the obllgatlon ¢8n be m98sured reliably. Expenditur¥ is ac¢ounted lor on an 8ecruals bas16 and has been cla$$lfied undar headlngs Ihal 89gregal8 all cost related to the ¢alegory. Where costs cannot diredty attrlbuled lo partkular ho•dlngs they have be•n allocalad lo adlvlues on a basis nsisteI wllh thè use of ro$oyrce8. 1.8 Prop•rty. plant and •qulprn•nt Property, plant and equipment are InNlally measur•d Ol eo$t and subsequently mo•$ured at ¢st or valualion, net ol depreclatlon and any Impairm•nt1088•8, Depr•cialiM Is retr)gnl$•d so as lo wNl¢ off the $1 or valualion of •s8e181e$$ th•lr resldual Valu over Iholr useful livas on the followlng bas18: Furnbt¢Jr• aTMI equlpmenl The gakn or loss •rtslng on thè dl8POBaS of an ass Is determingd as lh• dlffer•nce betrw8on Ihe salè pro¢8•d6 and the carrylng value of tho asset. and Is recognlsed in the 8tai•m•nt of finandal actmlles. 20% on a redu¢lng bo$ls A8sals ¢0811ng l&s$ than £SOO art not capltallsod. 1.7 C4¥h and o••h •qul¥al•nts Cash and cash equSvalonls Includ• ¢a8h In h4nd. d¢poslts held al 11 wmh banks, other 8hort-tsm Ilqukl Investm8nts with orfginal malurflies of three months or le55, and bank overdr8ft8. Crltl¢al a0tIng •itlm4ts• •nd Judq•m•nts In the applicatton of the tfUSt'8 a¢counllng policie¥, th& ITU$tees aro requlrfjd lo mgke ludg•menls. 8BUmatas and assumptions about the rryIng amount of assets and Ilabllrties that ar• not feadlly apparent Irom olh$r sources. Tho gs1irnat•s and assoclated assurnpllons ar8 based on hisloilcal expgrien¢¥ ond othèr factors that arg eonsidèred lo bè relevanl. Actual rès¢Jlls m4y differ from those esmateS. Tho estimates and undedylng assumpllon$ are lo•Wed on an ongoing ba81s. Revisions to ¥¢¢ounllng ¢$tlmates are recoynlsed in the period in whieh the estlmate 1$ revisèd wher¢ the revision affects only Ihgt period. or in tha rIOd of the revision ond fulufe periods where the wsion Affecls both CUWT&nt and (ulure periods.
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from don•llon• and lo91• Unrn•trlot•d RMtrlot•d funds fund• Z023 2023 Tt)t•l Unr•trl¢t•d R•8trlol•d fvnd• fund 2022 2021 TotAI 2023 2022 Donatlons and gms 221,844 1,500 223,344 222,229 3.300 225,529 DonAtlon• •nd glft• t)onation$ and gm$ Leg4clo8 221,844 1,500 223,344 197.229 25,CKIO 2QO,529 25,0[) 221,8H 1,500 223.344 222.229 3.3(K) 225,529 Inown• from ¢hrltsbl• otlvlll•• Unr••trlot•d Unr••trlot•d fund• fund• 202J 2022 Ch4dl8ble rnntal In¢om• 10,140 10,288 In•om• Irom InvMlm•nts Unv••trl¢t•d Unr••trlotsd fund• fvnd• 2023 2022 Inlarest reeeJ¥ablè 6,882 2,237 10-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Exp•ndltur• on ¢h•rftabh aotlvlO•• ChaTltsbl• Charitab 2028 2022 Dlr•¢t ao•ts stoff costs Deprocialion and Impainnont Tralnlng faes Insuranc Llghl, h•at fjnd watér Tdephone Postago, sl8llonory, computer and wpl•r Sundrles 8ltlng sp•akers Evaroellsm Youth and ¢hlldron work Caterfng Mu8lc and wpydghl fees Ltiaroture Motor and ¥0¢ •xpen108 Ffowors and docorallons Man88 exp•ns¢8 Repalrs and malnlenanc 8onk chargos 148,424 1,2¢X+ 5.310 2,195 3,827 3,259 3.102 139,400 2.109 5,428 2,781 3,055 1,800 1,372 3.936 2,990 1,297 895 988 1,250 3,889 3,488 1.95B 1.291 2,073 165 3,217 28,841 207 5,458 33.672 208 220,874 204,888 Grant fundlng of a¢tMUo8 {8•• note 71 34,308 25.499 8harn o18upport •nd gov•mano• oMt• IM• n•t• 8 Governan¢• 2,370 2,352 257,550 232.537 An4ty818 by fund Unrgstricted lunds Rgstrfcted fvnds 248.250 9.300 232,S37 257.550 232.537
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Qrant• pay•bl• 2023 2022 Charitable donatlons Denominational support Ng8ds In the fellowshlp 20.300 13,020 10,989 13,020 1.510 26,499 Support go•l• •llo¢•t•d to *¢tlv 2023 2022 Govefnan¢• co•ts 2,370 2,352 Gharltablg aGllvlUo8 2,370 2,352 2023 2022 Gov•rnano• oomprl••: Indeyndent examlnatlon f•8s Profosslonel fv•s 1,800 070 1,800 552 2.370 2,352 TTu•t• Under the outhorfty of the Momorandurn and Artlcles ofA$socl8tlon of t Injst, any tru8t•e wlM)18 • Mlnlster ol tho church can paid a reasonablè and proper st¢pond from th& funds of tho trust. Durln9 th• year to 31 08cemb?r 2023, Rev Ed Jonas was the Mly trustee to whlch Ihls 8ppli¢d and no rWnun•r8tb or b$n8fi1 was raceived by any other Iwst88. Rev Ed Jones S418ry- £37,28412022.' £34,836) Pon$lon - £4,67412022'. £4.3861 Employgfs NIC- £3,89012022'. £3,748) The ¢hurch also provldo$ Ilvlng accommcrflalion lo Rèv Ed Jones and hls famlly fre• ol charge. During th• year trustsos and related parllos made aggr•gat8 don8llons lo th• chadty of £23,855 12022.. £21,811). 12-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Empk+y••• aveT•g• monthly number of6mployees dudng thg was.. 2023 Numb•r 2022 Numb•r Pastoral Admlnistrati Totsl 11 10 Empktrym•nt ¢0•1• 2023 2022 Wauos gnd salarf•$ Sodal securlty ¢08ts Othèr penslon ¢osts 138.157 4,8C 7,467 125,220 4,250 9,930 148.424 139,400 Ther• WaTe no Dmpty••s whose annual remun•ratlon way mor• Ih•n £80,000. 11 Trx•tlon The chjrlty 18 exempt from tsxallon on adlvNles boc•use all its Ingjfflo 1$ •ppll•d for ¢harltabl• purFthO•. 12 Prop•rty• plant Ind •qulpm•nt Fumlthr• •n4 •qylpm•nl Al 1 January 2023 90,298 Al 31 Dec*mber 2023 90.298 D•pr•olatl•n •nd Imp•Irnftt Al l JanuBry 2023 Dgprocialion tharged in thè year 84.298 1,200 At 31 D¢Mr 223 85,498 Carrylng Amount At 31 December 2023 4,800 At 31 De}bOr 2022 13-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Prop•rty. plant Afbd •qulpm•nt {Contlnu•dl The land and buildings known as Bathe B8pUJt Church and re19ted l•nd and man5• in MounlAoy, Battlè. ale h•ld by th& Baptist Unlon Corporatlon Llmrted as Qustodian trustèes on behalf of the members of Battle 88plist Church. Duo to the natur• of the buildlngs they arè impossible to value and are therefor• renIsd al enil c051. 13 Trd• and oth•r rM•lvbl•• 2023 2022 Amounts falllng du• wllhln •n• y•ar. other racfv4blo8 9.172 18.043 14 Curr•nt Iliblllll•• 2023 2022 Other laxallon and sod8180cudty Other payabl¥s 2,209 1,121 1,950 3,079 3.330 6.(Y29 15 Employ•• b•n•fft• The chartty oporates a doflned conllbutton plan for Its amployeos. A defin¢d eonlrbbution plan 1$ 8 pen51on plan undèr whlch th& charlty pays flxed conlribulions into 8 separate entlty. On¢¥ the conlrlbullons h¥v8 been pald the charlty has no fvrther payment obligallons. Th• conlribullons are r•cognised os an exptrnse when Ihoy are du•. Amounts not pald ar• shown in accruals on thè stalernenl ol finanryal posrtlon. The a830ts of th? plon are h•ld separately from the ¢haflty In an independently adminlsler¢d fttnd. PrK)r to 2021 penslon provbslon w•s mad• through mUttlmploYer d•flnod nSIon plan$. Where It Is not possible frjr the charlty lo obtain suffldonl informallo) lo enable11 to aecounl for a plfyn as a dellned hngfit plan, It accounts lor the plan as a deflned <Jnlrlbutlon plan. Wher* the plan 1$ In In deficit and where th• thArtty has agr8•d. wllh th& plan, lo partl¢ipala In a dofi¢il lunding Ofrangemant, the charity Tecogni50s a Ilabillty for this oblig8llon. The 8mounl reeognised Is the nel prosont Valuo of lh¢ ¢onlribulion$ payable und8[ tho agro8ment that relates lo the delt¢lt. The unwlndSng of th• diso)unt is recognised as a finance cost and any olhtr change in th• measuremènt of th18 Ilabillty Is exp$9 lo tho Statement of Financ4al Actiwtl•s. 14-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 R••trl¢t¢d fund• Thè restricted fvnds of Ihe ¢harlty cJmprfse th8 unexpendod balan of donatlons And grants held on trust sublo¢t to speclfic conditions by donoTS OS to thay may b8 used. Al 1 J•fiu•ry 2023 Inoomlng r•Aour¢ R••oure •xp•nd•d At31 D•a•mb•r 2023 Halllday Sp•dal Prol•¢ts Fund 18,948 1,500 {9,300) 11,146 Pr•vlou• y•ar: At 1 JAnuiry 2022 Inoomlng R••ourM• r••ourn•• •xp•nd•d Atjl D•a•mb•r 2022 Hall1•Y Sp•dal Projects Fund 15,648 3.300 18,946 The Halliday Spec4al Proj•cts Fund makos Brant$ to young p8ople of the church who undertaklng Gharttable prol&cts both al homè and abroad. 17 UnTMtrl¢t•d fund• Thg unreslTkt•d fvnds of the tharlty comprf$g the unexpand8d b81ancgs of donolkins and gfanls which are not subj•et to spe¢ific condrtltsn8 by donors and grantors a$ lo how they may be usgd. These Include doslgnatèd funds whlch hovo be•n sèt Aslde oul ol unTestrict•d lurKIs by th• Iru81••$ for 6peCTe purpose8. Incomlng At31 0uro•• D•o•mb•r 2023 At I JAnuAry 202? R••oura•• •xp•nd•d Fallowshlp n••ds Fund Renew 1088 Fund G8neral funds 3.000 13,973 223,893 11,174) {247,0761 12,799 164,821 188,004 191.004 237,888 1248.2501 180,620 Pr•vlou• y•4T: Al 1 January 2022 In¢omlnq R•ouro•• r•8ouro•• •xp•nd•d At31 D•¢•mb•r 2022 Fgllowshrp need$ Fund General funds 3,000 188,004 185.787 234,754 1232.53n 188,787 234,754 232,5371 191,004 15-
LIFE wrrH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Unr••trtot•d IContlnu•dl The Fellowshlp Neèds Fund is held to mAke Intsrost fra8 loans to m•mber8 In need. Thg Renew 1068 Fund contslns donatbns receNed whtc have begn deslgnaled by the dmors to b• used lo support the we•kly meetings whore il 1$ 'ok not lo be ok., known as 'Ren•w 1086.. The reUr¢95 •xp&nded are tho sglary of a nlY appdnt8d Rengw 1066 woiker. 18 Anily•l• of n•t a••ts b•tw••n fvnd• L¢nr••trfotsd fund• 2023 RMtrlot•d fund• 2023 2023 At 31 DK•mb•r 2023: Prop•ty, plant arKI •quipmont Cufrent a8satsl{Ilablllll•sl 4,800 175,820 11.148 186,986 180.620 11,146 191,766 Unr••trlol•d fund• 2022 RMtrlat•d fund• 2022 Tol•l 2022 At 31 D•o•mb•r 2022: Property, plant and oqulpm•nt Cuff•nl assetsloiab1lOSI 8,000 185.004 8,000 203.950 18,946 191,004 18,948 209,950 10 R•lat•d party tran•*1•nI Catwpilkr Prg-SchocA Of Battlg Bapugt Church {charfty r•glstr•lion numb•r 114585511¥ a relat•d party as under t1 ¢orL3trtufjon of the Prewschool tho TrustO88 must be membors of Bat1¢ Baptist Church. Dur6ng the yew the Churth charged ronl to Cul•rpillar P-SO emounfjng to £9,64812022 £9,998) Emma Jones. wkle of Rev Ed Jones. is employed by th¥ church as AswAat¢ Pastor In trolning. Shg was paid a salary of £13.26012022.' £12,384) and recelv•d employ¢fs penslon conlribuuons of £1,325 {2022'. £1,238) during Ihe y94r.