Charlty r•gb8trntion number 11342B8 (England and Wal•s) Compary reghtratlon number 07034138 LIFE WITH HOPE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Chortered Certified Accounlonls
LIFE WITH HOPE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truiteo• Rev E D Jon?$ Mrs J J Dudgeon Mr R N Hamilton Mrs C Noel Mr K Terrell AlrB C M•Bs•tt•r IAppc4nted 28 NovenJer 2024) Ch•rlty number IEnglnd and W•lo•l 1134288 Company numb•r 07034138 Inclpal •ddreB• BalU• B•pll•t Church Office Mount Street East Sussex TN33 OEG R•gb•t•r•d offlc• B8ttle Bapt181 Churth Offlco Mount Strget Batue E88t SuBBex TN33 OEG Ind•pend•nt •y•mln•r John Caladlne FCCACTA FCIE C8ladln¢ Llmlted Chantry Hou8e 22 Upperton Ro8d Eaotboume Egst Sussex BN21 IBF Bank•rn CAF Bank Llmitod 25 Klng8 Hill Av•nue Ing6 Hlll W•8t Malllng Kent ME19 4JQ SoJleltor• Mayo Wnn Baxter 3 Bell Lanè Lewes East sUsX BN7 1JU
LIFE WITH HOPE TRUST CONTENTS Page Tru8lee$' report siatemenl of Iw8tee•' r•$pon•ibilitl Ind•p•ndMt ex•mlnerfg Teport Stet8ment of Ilnandal acUvlJ•8 St8t•mant offlnandal po8llon Not08 to the finandal ¥l•tsM•nts 8-18
LIFE WITH HOPE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present thelr annual report 8nd finonclal statemBnl8 for the year ended 31 December 2024. The finanaal statements have been prep8red in accordan th the accountlng policles Get out In note 1 to the nanclal ststem8nls and compty the Ifusfs Memorandum and Arbcles of A550dation. the Companies Ad 20[ and "Accounting and R8POrting by Charttle$.' Slatement of Recommend8d Pr8ctice appllcable to Charlues preparing their accounts In 8¢cordance wlth Ihg Flnandal Reportlng Standard 8ppllcable in the UK and Republic of Ir818nd IFRS 102118ffeCte 1 January 20191.. Oblectlv•• •nd actlvltl• The objects of the Iwst, und8r the Thame Battle Baptlst Church, Bre the ¥dvoncement of the Chrisllan f8lth according to th6 prlnciples of the B8pti8t denominalion, the 8dvancernent of educatson for the publ1¢ b•nefit, to rneel the pra¢b"co1 and splritual n8eds ol thè local communlty and olhor charftable pu0&6, a$ th• Iru8te8s may decide, in Ihe United Kingdom and other parts of Ihe world. Volunt•ern The trust is grateful to the mor8 than 100 volunle•r8 who glve thelr tlm• freety In 6UPPOrt of ts alms and oblectlv•s. Publle b•n•llt We have consldered the guidance of the Charfty Comml$slon on publlc benefll and In partlcular the 8pe¢ffic guldance on ¢hJrfll$8 lor the advancernent of rellglon. In plannlng our activ85, w¥ #lm to enable ordlrbary people to liv8 out Ihoir Chrfst18n lalth a8 Part of the loe81 community through wor8hlp and prayer, le8rnlng about the Gogpel, developlng thelr knowledge and tfusl In Je8us. In provldlng p8$tofal Care for lo¢¥1 residènts and in ml$slonary 8nd outreach work. Achl•v•ments and p•rfomi•ne• R¢lloctlng on 2024 ft was once agoln a full year where muth took plgce. As 8 church w¢ Continued to offer 4 varlety of events and actlvlues on our premise8, bul 8150 connectlng and engaglng wllh Ihose acTO88 our local communty. G8th8rlng on Sundays, both nTh)rnlnq 8nd ovenlng, wo regulawty ¢onned whh over 150 0P1 on th1$ day of the we&k alone- Indudlng a growing numb*r of chlldren and young p8opl•. We havts continued lo seèk to support the local communlty In a number ol way$. Two of the main ways we have aoughl lo do th1$ 8r& through the Preschool th81 we run on our prem18es and our part wlthkn Baiue Town Football Club Ifomi•rfy Baifjo B8Ptlst Football Clubl. A6 well as invesllng In (he alrg8dy est8bllshed Ilnks we have 8& 8 chur¢h (Nepal, Pew, and th• Hdy Landl, ITr 2024 we began lo bUd relotlonshlps whh a thurch in North Macedonla
LIFE WITH HOPE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Fln•nelal r•vlew Principal fundlng source• The major sources of funds ara frtsewlll off8rlngs. glfts, donations, legacles, rent from the lettiig of church prtrmlses and tax rthnds under the glft 8ld scherne. Th8r• has been A continvlng flow of offerings pald dlre¢ Into th8 church bank accoufil and the financial posStlon of tr7e Irustbs 8alistsctory, wtth 8daqu8to r•8erv8B. Inve•tm•nt pollcy The m8lority of monles are held In deposit accounts wlh recognlsed tln8ndo1 Institutlons and the 8aptlst Unlon Corpor8tion, the latter a recognised dep085t takér. Tho tyusl $8eks to obtaln the highest possible retum6 consS8tent wlth a caLrtlous altllude to risk antj short ttsm avall•bllty of $uth nKJnles. R•s•rve8 poIIcy It 13 the pollcy ol the lyust to Accumulate an adequate level of cash and readlly a¢¢e$8lbl¢ re$¢Ne8 deemed $ufficlent to meet Ilkely unexpected expendllur8 need5. Subject lo any donorfs wlshes, restrieted funds ar¢ goneralty held io meet 8peiJfic purpo3e8 lor capilBI PTolertJ. The ¢08h bo18n¢e at the year end amounted to £163.898 Current flnin¢l•l r•vl•w There was an excess of expendlture over Income for the ytrar of £16,110 a¥ per pag8 6 01 the80 Ilnond81 ¥lalem•nts. At the end of the year the trust hold fund$ of £175,658. £164.180 unr•strlcted lof whlth £11.395 de¥lgnal•dl and £11,476 reslrl¢ted. Rlgk minagemenl The Irustees have a duty to Identlfy and review the major oper•llon•l rfsks lo whlch the chaty15 exposed and lo en8Uf8 approprtBte controls are In plac• to provldg reasonable 888uranc8 agalnst fraud and error. Systems havè been established lo enable regular report8 to b8 produced so that steps can be taken lo mlnlrnl$e 011 rlsk$. Polides on health and 88f•ty 18sue8, on chlld protectlon and on vulnerable adullB beon mglntglned and r8gularfy r•¥l•wed In thè yaar anded 310ecember 2024.
LIFE WITH HOPE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, gov•m•n¢• •nd m•Mgement The ch8rfty1s controlled by ts govemin9 document, a memorandurn and tsf ¥s$o¢iatlon and conslttuleB Ilmlled Compgny, limited by guaranlee, as defined by the Companb8s Act 20C6. The tnjsl was fotm&d lo lake over the minlslry and aff81rs of B8tUe Baptlst Church and the 8ssets of tho church were tr8T15ferred to the trust on 1 April 2010, with the exc•pth)n of the church land and property which Is held on trust by the Baptlst Llnion Corporall¢)n LlmAed for the benefil of the church. The Charfty Cthnmlsslon has agread th81 the name Battle Bapll81 Church can be used as an operang name and the obl¢¢t$ and adivrties ol the trust are Idenkn'c81 to those of the f¢xm&r ¢hyrth. The truBlee6, who aro also tha dlrectors for the purpose of Mpany18w, 8nd who 8erved durfng the year and up to the dale olslgn8lurè of the flnanclal $tatem&nts were., Re¥ E D Jon0$ Mr R F Duffill FCA Mr8 J J Dudgeon Mr R N Hamltton Mrs C Noel Mr K T8rTell Mr8 C Mt8¥etter IRet4red 28 November 20241 (Appolnlod 28 November 2024) New Irii8ta•8 Shall bè appolnted by proce88es that aT8 publlc, Clear and open so that all Members of 88lU• BApllst Church are enabled to con3ider pr8yerfulty whlch Elder8 and Deacons should be Bppoinled. Aller the r•celpt of nominations lor any vacBncle3, Bnd after th8 appropriate notlce has been glvgn, a $e¢rol ballot wim be held at an Ordlnary Chvrch Memb8rs' Meelng. Those candidates receiving the hlgh¢8t number of voles Shal be elected provlded e8th ¢8ndldale shall have recelved votes from Bl lea6186% of those Church Members who voted at th• m8•1kn9. Every m8mber of the charfty undertakes lo ¢ontrlbule such amount ab may ba re4uir•d (not ¢x¢e¢dlng £201 If should be wound up, toward8 the charfty's debts and11oblllll•s. Tle Iru81 i¥ managed on J day lo day basis by ihe mlnisterial leam. church m8n8ger, eldeis and 8UPPOrt st8ff. These report to the trustees, who meet Tegularty. Whllsl the Iw$I¢•$ are legalty re6ponslble for Ihtt organi88tlon and management of the trnst, regu18r church members. m¢¢ting$ continue lo be held in Bccordance the practke of Baptlst churches and due not? Is taken by ihts trustee8 of the mattets discusd and Ihe dedOn6 reached In those meeungs. The trusle88' report was approvod by th• Board OYTrustè&$. Mr• G M¢••otter Trustee Dated.. Zl-07-14
LIFE WITH HOPE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The knJ8tee$, vtho are also thts dlractor8 of Llle wlth Hope Trust for the pvrpose of company law, are responslble fcf preparing the Trustee8' Report and the financlal statements In accordance with applicable law and Unrted Kingdom Accounting Standaids (United Kln9dom GenerallyAccepted Accounllng Practicel. Company law requires the trustees to prepare financial statement8 for each financlal year whl¢h glve 8 true and falr view of 1he $tste of gffaifs of the trust and of the Incomlng resour¢e8 and application of resour¢e$, Indudlng the Income and expenditure, ol the charitsble MpanY for that year. In preparing the8e finandal statem8nls, th• tru$tè•s aro r•4ulmd to: . select suitable aCcoUnng pollciey and then apply them ¢on$lglenUy-, . obBerve the m8thods and prfnclples In the Charliles SORP., - make ludgements and esllmutes thot are reasonable and PTudenl'. 8tal• whether appllcable UK AccounUng StandardB have been followed. subl•ct to any motèrfAI d•partur•8 dlselosed and explained in the financial Slalemenls,. and prepare the ffinanclal Slalgments on th• golng con¢am b881s unloss It Is Inapproprlats to presume thal the truBt vhll continue In op¢r8Jtsn. Th• tru61••s ar• rn$pon$lbh for k88plng adequate accounting records that disdo8e reasonbl• 91 ony tlme the flnanclal posltlon of the truBt and enable them lo ensure (hal tho fln8n¢l818tatem•nts ¢ompty wlth the Companles Act 2008. They are also responslble for 5afegu8rdlng th a$sel$ of tho trust and hanca for tang Tea80nable 8lep¥ for the prevention and dele¢llon of fraud and other Irregularftie8.
LIFE WITH HOPE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE WITH HOPE TRUST I report to the trU81ees on my tsxamknètion ol the financial 8lalemen18 of Lrfe Hope Tw$1 (Ihe trust) lor the year andad 31 Dmber 2024. Rupon•lbllltI ond b••l• of r•port A6 the trustee8 of the Iru8t land also fts dlrectofs for the purposes of company lawl, you are r•sponslble for th& prgparation ofthe financial 5tstements In accordance with tho requirements of the Companies Act 2006. Having 6alisffi8d my5eW that the finanaal statements of the trust are not required to be audiled under Part 16 of the Companies Act 2006 and are ellglble for independent examination, I report in respect of my examinatlon of the Irust's Ibn8ndal statements carrled out under seclion 145 of the Charllies Act 2011. In carrying out my exarnination I have followed the Directions given by the Charity Comrnlsslon under sectlon 14515llbl of th¢ CharlY¥3 Act 2011. Independent examlneV• •Lgtement I have CA)mpleted my examination. I conflmi that no mattero have come to my attention In connectlon the examlnation glving me cause lo belleve that In Bny materlal rè8p6ct'. a¢¢ounllng r¢¢ords We not kept In respect of the trust os requlred by 88Ctlon 388 of the Companle8 Act 2008. the11nanclal ststemenl8 do not e0rd wlth Ihosfr r&¢ordÉ', or the ffinandal statements do not cornpty vAth the accountlng requlremen18 of sectjon 396 of the Compahl•s Aet 200e other than any requlrem8nl that Ihe fln8ndal Blalements glve a true and fglr vlew, whkh 1$ ncl a matter con8idered as part ol an Independenl 8x8mlnollon.' Qr Ihe financial 6tatements have not been prepared In accordance wlth the m¥lhod¥ end prfn¢lple$ of th* Statement of Recommended Pracllce for 8ccounllng and r&porllng by charltles appllcable to charltl88 preparing their flnancl81518lèrnenl¥ in arxordance wlh Ihe Flnond•l Repo.n9 Standard appllcable in Ihe UK and RepuL41c of Ireland IFRS 1021. I ha no concam8 And hav• come acr053 no other m•tters In connedon th thè examSnalSon lo whl¢h attenOn Should be drawn In thls report in order lo enable a proper undersl8n¢Jing of th• financlal statements to be reathed. IOLF John Coladln• FC¢A CTA FCIE Chartered CerUfled Accountant Caladine Ltd Caladlne Limlted Chantry House 22 Upp8rton Road Ea51bourn& E861 Su55ex BN2118F ri
LIFE WITH HOPE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 UnMtrtctod R•trleted funds lund 2024 2024 Tot•1 UnY••trl¢tsd R••trfcted lund• fund• 2023 2023 Total 2024 2023 In¢om• from: Don8Uons and IadeS Charitable advttl88 Inveslrnenl¥ 212,617 11,420 6,036 330 212,947 11,420 8.036 221.844 10.140 5,882 1,500 223,344 10,140 5,862 Tt)t•l Incomè 230,073 330 230,403 237,866 1.500 239,368 Exp•ndlturn on: Ch•rttabl• actlv>ti¢$ 246,513 246,513 248,250 9,300 257,550 Totsl •xp•ndltur• 246,513 246,513 248,250 9.300 257,550 Ntst Ineom•ll•xp8ndltur•l and mov•m•nt In fund• 118,4401 330 118,110) 110,384) 7.erM)I 118,1841 Recon¢lll•tlon of fund•: Fund balances Bl 1 Jonuary 2024 180,820 11,148 191,788 191.( 18,948 209,950 Fund bal•n¢o• at 31 D•¢•mb•r 2024 184,180 11,478 175,858 180,620 11,146 191,788 The it8teM8nt of flnanclal actrtIeS Indud88 all galn8 and108¥¢8 re¢ognl88d In the yeer. All Income end •xp8rdltur¢ d¢rlv• from conllnulng actlvltie8.
LIFE WITH HOPE TRUST STATEMENT OF FINANCIAL POSITION ASAT31 DECEMBER 2024 2024 2023 Note• Flx•d 4s•ets Propety. plant and equiprnent 12 5,339 4,800 Current •••ets TrBde and other r6cei¥able8 Cash at bank and In hand 13 10,832 163.898 9.172 181,124 174,730 14.413) 190,298 13.330) Curr•nt Ilablllti 14 N•t curr•nt ••••t• 170.317 188,98e Totsl ••Mt• IM• eurr•nt Ilabllltl•• 175,858 191.78e Th• lund• of th• truat Restricted Income funda Vnre8trlcted fundB 18 17 11,476 164.180 180.620 t75,858 191,78e The company Is enlttled lo the exomptlon from the audll reqUIreffnf ntaIned In 8ecllon 477 of the Companle8 Acl 2006, for the year ended 31 0e¢emb•r 2024. Th• dlrector 8cknovA8dge8 h18 r•8ponslbllltle8 for cOMpng vAlh the rèqulwments of the Comp8nle8 Act 2006 th r85P8Ct to accountlng record8 and the Preparatlon of financlal stsl•menl$. The members have not requlred Ihp company lo obtaln an audh of It8 flnandal Statements for the year In quastlon In g¢¢ordonce th sodon 478. These finanual statements havg been prepared In a[dance wllh the provision8 appll¢gbl• lo Companlos gubject lo the 8rnall 1MpanIeS reglme. 21.01-21 The ffinanclBI 8tstemenl8 ware approved by the trustee¥ on ......................... MrsJJ Tn1•• udgeon Mrs C Messotter TTu•ts• Compgny r¢glstrglOon numbgr 07034138 IEnglgnd and Wales)
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aecountlng pollcl Company Informotlon Lrfe with Hope Trust Is a prfvote comp8ny Ilmrted by guarantee incorporated In England and Wal&8. Th$ reglstered officè15 Battje Baptist Church Office. Mount Street, B3tll•, East Sussex, TN33 OEG. 1.1 Accountlng cohv•nllon The finandal 8tatements hav8 baèn pr&pared In accordance th the trusfs Memorandum and ArUde5 of Association, the Companie$ Act 2006 and 'Accountkng and Reportin9 by Ch8rltle8-. Ststement of Recommend8d Pr8cUce appllcable lo charitie8 preparlng thelr accounts In accordanc• ¥th the Flnanaal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffedve 1 JanuAry 20191. The Iru8t 1$ a Publlc Ben8fbt Entty 08 defined by FRS 102. The tru8t h8B taken advantag& ol the provlslon8 In the SORP for charltles apptylnq FRS 102 Upd•ts BullaJn 1 nol to prepare a Statement of Ca$h Flows. The Ilnynclgl $tatements are prepared in stedlng, whith Is the fvnctlonal ¢urr•ney of th8 trust. Monetsry •mounl$ in Ihe8e finanrial 8iatement8 ar? rounded lo the n•orest £. The flnandal statements have been prepared under the hlBtorfcal COBt convenuon. The prfndp81 accOunn9 pollcles adopted are Bel out below. 1.2 Golng eoncèm At the time ol approvlng the flnanciql $tat•m¢n¢8, the truBlee8 have a rea8onabl• •xp8d•llon that tha tru81 has adequ*è rnsourc•8 to continue in operatlonal eyi5tence for the foro$ee8ble future. Thus the trusteeB ¢onlnut to adopt thè golng concem ba818 01 accounung ln preparing th¢ finan¢lal statements. 1.3 eh•ritsbl• fund• Unrestricted funds are avallable for use at the dl8u•tlon of the trL18tee& In fijrth8Tan of Ihelr thartt8ble oblectlves. De8Sgnated funds compTl8e lundB whlch hav? been $¢t a8lde at the dlscretlon of lh• Iru8lees for SFedfic PUIPO8&6. The purpo8eB and us&s of th• de$lgnol8d funds are set out in the note$ to th8 ffinan¢lal statementj. Restrfcted funds are 8ublect to speciffie eonditlon8 by donors or grantOT6 as to how thoy may b8 Ud, Th• purposes and uses of the reslrided funds are wl out In the notes to the fknanrial 8lalemgnts. 1.4 Incomg All incom& IB r¢¢ognl$¢d tha Stslement of Flnandal Actpiitie8 on¢¢ the ¢harfty ha8 enbuemenl lo the funds, 18 probable that Ihe Income 11 be recelved and the Bmounl can be rn•Asurad reliably.
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢untIng pollcl•$ IContlnu•dl 1.6 Expenditure Expenditure Is re¢ogni8ed once there 1$ a legal or construthvo obllgallon to transl¢r aconomlc benefft to third party, 1113 probablo th91 a transfer of economlc beneffts wlll b& requlred In $gttlem8nl. 8nd the amount of the obligation can be measured rèliably. Expendlture Is da$Sed by activty. The c05t5 of each acllvlty are made up of the total of dIrt costs and shared costs, induding 5UPPOrt costs Involv8d In undert8klng each aclNty. Direct C03t5 8ttrfbutat4e lo a slngle 8ctivlty ere allocaled dlre¢tty io Ihat actty. Shared costs whith contrfbute to more than one activity and support ¢0818 whlch are not 8ttrlbutoble to a single activity are apportloned betsveen Ih05e adivltles on a ba815 con8l$lent wllh the use ol resources. Central 6taff c0515 8re alloc#l•d on th8 ba8ls of Vme Spent. and depreciation charges are allocated on the portlon of the #88et's usa. LlabllStles are reeognlsed as expendlture as soon as Ihere is a legal or con$lru¢tlvg obllgall¢n Commlttlng th ¢harity to that expenditure, It Is probable that a tr8n$fer or e¢onoml¢ beneffts VAII be requlred In settlement and the omounl ol the obllgation cen be me88ured Tellably. Exp¢ndrtur¢ 1$ accounted for on an accruals tesis and has been cl88slfied under headlng$ that aggregate all c08t related to the category. Where c081s Cann be dlrecuy attributed lo p8rtl¢ular hegdlngs they have been allocated to ac11veS on a baslB cons1¥1?nl wNh tho U8¢ of resources. 1.8 Prop•rty, plont •nd •qulpm•nt Property, plant and equlpmenl are Inttlalty m*g$ur•d at cost and subsequentty measured al cosl or v•luat60n, net of depreci•tlon und any Impglmient1089•8. Depredation Is recognlsed 60 as lo wrile Dff th? cg$1 or valuatlon of assot8 less thelr resldual value8 over thelr U80fv1 IIv88 on the fo10ng b8618'. Fumllure and equipment 20% on a redudng ba819 The galn OT loss arfsing on the disposal of Bn 88SSt 18 determlned a8 the dtffertrnce be0&n lh• 8818 proceed3 and the CaTrySng value of the as8vJl, and 1$ ¢0nISed In the 6talemenl of finandal a¢tlvill•$. Ass8lB COStlng le3B than £500 are not capllallsed. 1.7 Cash and c••h •qulv•l•nts Cash and cash equivalents Include cash In hand, d8posit8 held 81 call with b8nk8. olher shoteM1 Ilquld Inv•8tm8nt8 whh orfglnal malurftl•s of threa months or lass, and bank overdrafts. Crltle•l •ceountlng e•tlm•te• and Judgem•nts In the 8pplic4llon of the tru8f8 accounting polides, tht tw$l¢es 8 requlfed to mako ludgemènlg. estimates and 88sumpbons abovl the c8rrylng Amount of as58ts and li8bilitles that are not Teadily app8ienl from other sources. The estlmates and 8ssoci8ted as8umplior5s are based on hl8toric81 experfen¢& and other I30T$ that ore consld8r•d lo be r8lev8nL Actual resulis may dlffer from Ihese e$lSmalgS. The esllmates and underlying assumptions are reviewed on An ongoing basls. Revi$lons lo accounting •8timates are recogni$ed in the period in which th8 estlmate is revised where Ihe r8vlsion affects cfflly th81 pèriod, or In Ihe perlod of the re$tsn and future periods where the eSlon AffeLls both cuwrent and fvture periods.
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and leg•¢l Unrestrl¢t•d Restrfcted funds fund• 2024 2024 Total Unr••trlct•d RtrIcted lunda fund• 2023 2023 Totsl 2024 2023 DonaUon8 and 91ft8 212,617 330 212,947 221.844 1,500 223,344 In¢om• Irom ch•rltsbl• •ctlvltl•• Unff••trfct•d Unr••trlct•d lurtd• fund• 2024 2023 Charlthble renthl Income 11,420 10,140 Incom• from Inve•tm•nt• Unr•gtrleted Unr••trlct•d lund• fundi 2024 2023 Inl8r•8t recelvablo 8.038 5,882 10-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp•ndlture on ch•rltablv actlvlU•• Charltabl• Charitable activrtie8 2024 2023 Dlr•et co•ts Stsff costs Depreclallon and Impalrment Tralnlng fe89 Inu8Tanca Llght heal ond water T¢l¢phon* 154,687 960 2,636 2,431 5,092 6,283 148,424 1,2Cp) 5,310 2,195 3.827 3,259 k li Po818ge,BtallonMry,compul8r •nd copl•r Sundrf88 Vl$lllng speak Evangelism Youlh and chlldren work Cal?ring Muslc and copyrfghl loe¥ LeratUre Motor and trav•1 •xpen6• Manse expense8 R•palr9 and molnt•ngn B8nk ¢h8rytsÉ 3,548 1,267 1,250 1.538 3.933 2,855 1.461 S91 575 4,894 27.177 178 3,102 938 1,6ty) 1,372 3,935 2,998 1.297 89S 5,458 33.872 221,050 220.874 Grant lunding of actfvitl8B188e note 71 23.033 8h•r• of •upport Ind governance co•ts I• nots 81 Govemanco 2,430 2.370 248,513 257.SSO An•ly•ls by lund Unr8strfct8d funds Restricted fund8 246,513 248.250 246,513 257,550 11
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payabl• 2024 2023 Charitable don8tlons Denominational support Need¥ In Iho l•l0h1P 10.003 13.020 10 20.300 13,020 23.033 Support ¢o•ts allo¢•tsd to acllvltl•• 2024 2023 Govemnc• co$18 2,430 2.370 Charftable acJVIl 2,430 2,370 2024 2023 Gov•m•nc• co•t• compr1••: Independent examlnatlon fe•8 Prof•s8lonal f••8 1,860 570 1,800 570 2,430 2.370 Tru•t••s Under the avthority of the Memorandum jnd Artlcle8 of As$od8tion of the trust. ary trustea who Is a Mlnlster of the churth can be pald a rea$onAble an¢ proper Stlpènd from the fund6 01 the Injst. During the yeaT to 31 December 2024, Rev Ed Jon¥$ wa$ th& onty Iw$leo to whlcth this applied and no remuneration or benefft w?8 recelved by any other trustee. Rev Ed Jones Salary- £38,76012023'. £37,284) Pension- £4,87612023-. £4,674) Employe¢8 NIC- £4.05812023'. £3,B901 The chtsrch also prodeS Ilvlng aC0)mnd8On to Rev Ed Jonè8 8nd hls f8mlly free of ¢harge. During the year trustee8 and related partles m8dè aggrègate don811on8 to th¢ charity of £21,S10 12023.. £23,855). 12-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employ• The avoiage monthty number of empk)yee$ durlng the yearwaB-. 2024 Number 2023 Numb Pastoral Admlnlstrauvo Totsl Employm•nt co•t• 2024 2023 WAge8 and sBlawle8 Sodal $grty ¢o$ts Other penslon cost 141.7SS 5,033 7.799 136,157 4,800 7,487 164,587 148.424 Th•r8 ware no &mployees whole annu•l r•rnuner8llon WB8 morn thon £80,000. 11 T•xatlon The tharty Is •xfrmpl from tOXgllon on rt8 8Gllvltl85 becaube all 11$ incom• 1$ opplled for tharltable puooge$. 12 Proportyi pl•nt And •qulpm•nt •qwlpm•Tht Coot At 1 January 2024 Addltlon8 90.298 1,499 Al 31 December 224 91,797 D•pveclitlon and Imp•lrment Al 1 January 2024 Depr•cialion ¢hHryed In th• 85,498 Al 31 Decgmbor 2024 Carrylng amount At 31 December 2024 S.339 Al 31 December 2023 4,800 13-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Prop•rty. planl Jnd equlpment IConllnued} Th• land and buildings known as Battle Baptist Church and related 18nLI and manse In Mounlloy, eattle, are held by the Baptlsl Unbn Corporation LiThAted as cu8todl8n trustees on bohalf of the members of Bgttle Bapts'st Church. Due to the nathrtr of the building8 they are Imposslble to value and are ther•fore recognlsod at £nil cost. 13 Trade and other Mcelyabl 2024 2023 Amounts flllng du• rfthln on• y•ar: oth•r rac8&bleS 10,832 9,172 14 Curr•nt Ilabllltl•• 2024 2023 oth•r18xatlon and $ocl•l 0¢ty Other payables 1,624 2,789 2,209 1,121 4,413 3.330 16 Emplt)y•• b•n•flts The charity operates a deffined conllbullon FA8n for It8 8mploy•as. A d•fln8d contrlbutlon plan 58 a penslon plan under whlch Ihe charlty pays flxed Contributions Into 8 Baparate •ntlty. Once the contribuonS havè been pald the tharty h88 no fvrther payment obllgalion$. Th* ¢ontdbutlons gre recognised 88 an èxpen3• ¥th•n th•y ara Amounts not p8ltJ 8r¢ Shovm In accruAI8 on the statement ol finanriol position. Thè ass•tg of the plan are held separatety from th¢ ¢harlty In an Independenlty administered fvnd. Prlor to 2021 pension pr5s1On was rnade through MUltemploYer d¢ffined penslon plans. ere tt is not PO8slble for the chartty to obtain Bufflclenl Infomalbn lo enabl& It lo account for a plan a6 a ddlned benefll plan, f¢ a)unt5 for the plan ys a d8fin•d eontrfbu0n plan. VVh8f• th• plan 18 In In defl¢ll and where th• charity h88 89reed, vAth the plan, lo partidpate in a d?fiut fundlng Artangement, the ch8rlty recognlsej B Ilabllrty for thls obligation. The amount recognlsed is the net present value ol the contrfbutlon$ payable undèr tho agreement that relates lo thè deficlt. The unwlnding of the di3count is recognised as a finance cost and any other thange in the me8¥uiement of this118ts.lity B ?xp8nMd lo the Ststement of Financial Activitles. 14-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Re•trl¢ted fund• The re8tridad funds of the charity CLJmprise the un&xpend6d balances of donallon8 and grants held on trust subjeci to SP8dflc condibon8 by donors as lo how thèy may be used. At 1 January 2024 Incomlng Rè*outt•• our¢•B •xp•nded AtJl D•c•mber 2024 H•lllday Speclal Project¥ Fund 330 11,476 Pr•vlou• ye•r'. At 1 January 2023 Incomlnq R••ourc•• r••ourc•• expended At31 D•c•mb•r 2023 Halllday Spe¢l•l Projects Fund 16.948 1,500 19,3001 11,146 Halllday Sped81 Projects Fund rnake8 grant8 lo young people ol the chur¢h who 8r• undertaklng charMAbl• prolecls both at home and 8broad. 17 Unre•trlct•d fund• The unr88tr1ci•d fund8 of the ch8rfty compr188 the unexp•nd&d bAlance6 of donallons and grants whlch are not subj8cI to sp8clfic condlts'ons by donors and grpnlors as lo how they may be used. These Indude de8lgnated fund8 which have been sel a8lde out of unT881dcl8d fund6 by tho trustee6 for speclfic Purpo1. At 1 J•nu•ry 2024 Ineomlng rn•ourc Ro$our¢•• •xptsnd•d At31 O•¢•mb•r 2024 F¢llow8hlp noeds Fund Renew 1086 Fund Gentsral lunds 3,000 12,799 164.821 3.000 8,395 162,785 {4.4041 1242.1091 230,073 180,620 230,073 1248.5131 164,180 Prnvlou• year. At l JOnry 2023 lrtcomlng re•our¢•• Resource• exp•nd•d At31 D•eembor 2023 Fellowshlp needs Fund Renew 1066 Fund Gener81 funds 3,000 3.000 12,799 164,821 13,973 223,893 11.1741 1247.0761 188,004 191,004 237.866 1248,2501 IBO,620 15-
LIFE WITH HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Unrestrfct•d lund• Icontlnu•dl The Followship Needs Fund is held to make Inttsre31 free loanB to members kn need. Th• R8now 1Cfj6 Fund contalns donations received which have been designated by th• donors to be useAI to 8UPPOrt the weekty meeting8 where 11 is "ok not to be ok.. known as 'Renew 1066.. The re80urcas expended are thè salary of a nowty appolnted Renew 1088 wort¢r. 18 An•ty$l• of net a••ets b•lw••n ful Unr••trl¢t•d fund• 2024 R••trfGt•d fund• 2024 Tot•1 2024 At 31 D•¢•mb•r 2024: Property. pljnl and equlpment Current a88etsll1labl1rt$I 5,339 158,841 5.339 170.317 11.476 184,180 11,476 175.856 Unr••trfct•d fund• 2023 R••trlcted tund• 2023 Totsl 2023 At Jl D•¢•rnb•r 2023: Property, plant and equlpment Curr•nt a8$•tlIab11I1IeSl 4,8 17S,820 4,800 188,986 11,14e 180.820 11,146 191.788 19 R•l•t?d wrty tr•n••¢tson• C8terpillar Pre-school or 88tUe B8Pti5t Church Ich8rlty reglsiratlon number 11456551 Is a related party 8$ under thts con8tlLuOon of the Pre-school the Trustees must b8 members of Battl¢ Baptist Church. During the year Ihe Church ch8rg8d rent to Calerplllar Pr•-School 8munting to £10,elXJ12023.' £9,848) Emma Jone$, wlfe ol Rev Ed Jones, Is employed by the church As Assodate Pastor In tralnlng. She was pald a salary of £14.30412023', £13.2801 and recelved employerfs pension contributions of £1,43012023'. £1.3251 during the year.