HE LIVES BIBLE CHURCH – GLORIOUS CHURCH
Registered Charity Number: 1157453
Principal Address:
314 Midsummer Boulevard
Milton Keynes
United Kingdom
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TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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CONTENTS
Trustees' Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
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TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their statutory report with the financial statements
for the year ended 30 September 2024. The report has been prepared in
compliance with the Charities Act 2011 and the Accounting and Reporting
by Charities: Statement of Recommended Practice (SORP FRS 102).
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Charity Information
Trustees:
Ms Jacqueline Wilson
Mr Abolade Adebola
Senior Pastor / Minister in Charge:
Abraham A. Great
Principal Address:
314 Midsummer Boulevard, Milton Keynes, United Kingdom
Contact Email: admin@helivesbiblechurch.org
Website: www.helivesbiblechurch.com
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Method of Appointment or Election of Trustees
Trustees are appointed in accordance with the charity's governing
document. They are selected based on their ability to contribute to the
effective governance and development of the charity. New trustees undergo
an induction process including review of the governing document, Charity
Commission guidance, and safeguarding policies.
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Organisational Structure, Governance and Management
The charity is governed by a Board of Trustees who are responsible for
the overall management, control, and strategic direction of the
organisation.
The trustees meet regularly to review activities, finances, and future
plans. The charity operates with the support of staff and volunteers.
During the year the charity operated with:
The trustees delegate day-to-day operational matters to the Senior Pastor
and leadership team, while retaining overall responsibility for
governance and compliance.
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Related Parties and Connected Organisations
The charity maintains fellowship relationships with members and partner
ministries within the United Kingdom and overseas. These relationships
are spiritual and collaborative in nature and do not affect the
independent governance of the charity.
The charity also operates community fellowship groups and outreach
meetings in homes and small gatherings as part of its ministry
activities.
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Objectives and Activities
The objects of the charity are to advance the Christian faith and provide
charitable support to the public for the benefit of the community.
The charity pursues these objectives through:
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Public worship services
-
Prayer meetings and teaching programmes
-
Distribution of Christian literature
-
Pastoral counselling and mentoring
-
Youth and family support activities
-
Leadership and training programmes
-
Community outreach
-
Welfare and hardship assistance
The charity also works to relieve poverty, distress, and hardship where
possible and to support individuals and families in need.
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Activities and Achievements During the Year
During the year the charity carried out a range of religious and
charitable activities including:
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Regular worship services and teaching meetings
-
Pastoral care and counselling
-
Community outreach and evangelism
-
Support for individuals experiencing hardship
-
Training and leadership development programmes
-
Youth and family support initiatives
-
Collaboration with other churches and charities
-
Use of digital platforms for teaching and communication
The trustees believe that these activities have contributed to the
advancement of the charity's objectives and provided public benefit.
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Public Benefit Statement
The trustees confirm that they have complied with the duty in section 17
of the Charities Act 2011 to have due regard to the Charity Commission's
guidance on public benefit.
The trustees believe that the activities carried out during the year have
provided clear public benefit through:
-
Advancement of religion
-
Community support
-
Pastoral care
-
Education and training
-
Relief of hardship
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Risk Management
The trustees have considered the major risks to which the charity is
exposed and have established systems to manage those risks.
These include:
Internal procedures are reviewed regularly to ensure the charity operates
in a safe and responsible manner.
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Financial Review
The charity continued to operate during the year through donations,
voluntary contributions, and fundraising activities.
Income for the year: £356,658
Expenditure for the year: £324,017
Net income: £32,641
Total funds at year end: £223,987.20
Resources were applied in furtherance of the charity's objectives
including ministry activities, administration, outreach work, and
community support.
The trustees are satisfied that the charity remains financially viable
and able to continue its activities for the foreseeable future.
Reserves Policy:
The charity aims to hold sufficient unrestricted reserves to cover
approximately three months of operating costs, ensuring financial
stability and the ability to respond to unforeseen circumstances.
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Plans for Future Periods
The trustees intend to continue developing the work of the charity
through:
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Expanding community outreach
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Strengthening teaching and training programmes
-
Increasing support for families and young people
-
Improving administrative systems
-
Developing partnerships with other organisations
The charity will continue to operate in accordance with its charitable
objectives.
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Responsibilities of the Trustees
The trustees are responsible for preparing the Trustees' Annual Report
and financial statements in accordance with applicable law and
regulations.
The trustees are responsible for:
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Keeping proper accounting records
-
Safeguarding the assets of the charity
-
Preventing fraud and irregularities
-
Ensuring compliance with charity law
-
Preparing reports that give a true and fair view
The trustees confirm that they have taken appropriate steps to fulfil
their responsibilities.
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Approval
This report was approved by the Board of Trustees and signed on its
behalf.
Signed:
Abolade Adebola
Trustee
Date: 28 November 2025
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INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
TO THE TRUSTEES OF HE LIVES BIBLE CHURCH – GLORIOUS CHURCH
I report on the accounts of the charity for the year ended 30 September
2024.
Respective Responsibilities of the Trustees and the Examiner
The charity's trustees are responsible for the preparation of the
accounts. The trustees consider that an audit is not required for this
year under section 144 of the Charities Act 2011 and that an independent
examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the Charities Act 2011
· Follow the procedures laid down in the General Directions given by the
Charity Commission
State whether matters have come to my attention
Basis of Examiner's Statement
My examination was carried out in accordance with the General Directions
given by the Charity Commission. An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts
presented with those records. The procedures undertaken do not provide
all the evidence that would be required in an audit, and consequently no
opinion is given as to whether the accounts present a "true and fair"
view.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in any material
respect the requirements to keep accounting records in accordance with
section 386 of the Companies Act 2006 and to prepare accounts which
accord with the accounting records and comply with the accounting
requirements of the Charities Act 2011 have not been met; or
2. To which, in my opinion, attention should be drawn to enable a proper
understanding of the accounts to be reached.
Signed:
Emmanuel Vin-Kabb, FCCA
Independent Examiner
Date: 18 December 2025
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Income and Endowments from: Unrestricted Funds £ Total 2024 £ Total 2023
£
Donations and legacies 325,158.00 325,158.00 810,147.60
Other trading activities 24,000.00 24,000.00 59,915.00
Investments 7,500.00 7,500.00 17,360.00
Total Income 356,658.00 356,658.00 887,422.60
Expenditure on: Unrestricted Funds £ Total 2024 £ Total 2023 £
Raising funds 33,000.00 33,000.00 82,426.00
Charitable activities 287,017.00 287,017.00 713,154.40
Other 4,000.00 4,000.00 3,100.00
Total Expenditure 324,017.00 324,017.00 798,680.40
| Net income/(expenditure) | 32,641.00 | 32,641.00 |
88,742.20 |
| Net movement in funds | 32,641.00 | 32,641.00 |
88,742.20 |
| Reconciliation of funds: | | |
|
| Total funds brought forward | 191,346.20 | 191,346.20 |
102,604.00 |
| Total funds carried forward | 223,987.20 | 223,987.20 | 191,346.20
|
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BALANCE SHEET
AS AT 30 SEPTEMBER 2024
Fixed Assets Note Unrestricted Funds £ Total 2024 £ Total 2023 £
Tangible assets 9 7,400.00 7,400.00 12,400.00
Total fixed assets 7,400.00 7,400.00 12,400.00
| Current Assets | | |
| |
| Cash at bank and in hand | 10 | 216,587.20 |
216,587.20 | 74,922.40 |
| Total current assets | | 216,587.20 | 216,587.20 |
74,922.40 |
| Total net assets or liabilities | | 223,987.20 | 223,987.20 |
87,322.40 |
| Funds of the Charity | | |
| |
| Unrestricted funds | 11 | 219,987.20 |
219,987.20 | 87,322.40 |
| Restricted income funds | 11 | 4,000.00 | 4,000.00
| - |
| Endowment funds | 11 | - | -
| - |
| Total funds | | 223,987.20 | 223,987.20 |
87,322.40 |
The financial statements were approved by the Board on 15 December 2024
and signed on its behalf:
Signed:
Abolade Adebola
Trustee
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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1. Accounting Policies
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention
and in accordance with "Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)" (effective 1 January 2019) –
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
1.2 Going concern
The trustees have prepared financial projections and have a reasonable
expectation that the charity has adequate resources to continue in
operational existence for the foreseeable future. Thus they continue to
adopt the going concern basis of accounting.
1.3 Income
Income is recognised when the charity is entitled to the funds, receipt
is probable, and the amount can be measured reliably.
1.4 Expenditure
Expenditure is recognised when a present legal or constructive obligation
exists. Costs are allocated between expenditure categories on a basis
designed to reflect the use of the resource.
1.5 Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation
is provided at 20% straight line on fixtures, fittings, and equipment.
1.6 Fund accounting
Unrestricted funds are available for use at the discretion of the
trustees in furtherance of the general objectives of the charity.
Restricted funds are to be used in accordance with specific restrictions
imposed by donors.
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2. Income from Donations and Legacies
Unrestricted £ Total 2024 £ Total 2023 £
Donations and gifts 232,000.00 232,000.00 379,094.00
Gift Aid 82,158.00 82,158.00 211,628.60
Other 11,000.00 11,000.00 13,725.00
Total 325,158.00 325,158.00 610,147.60
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3. Income from Other Trading Activities
Unrestricted £ Total 2024 £ Total 2023 £
Events and fundraising 24,000.00 24,000.00 59,915.00
Total 24,000.00 24,000.00 59,915.00
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4. Income from Investments
Unrestricted £ Total 2024 £ Total 2023 £
Other investment income 7,500.00 7,500.00 17,360.00
Total 7,500.00 7,500.00 17,360.00
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5. Expenditure on Raising Funds
Total 2024 £ Total 2023 £
Wages and salaries 31,000.00 80,000.00
Support costs 2,000.00 2,426.00
Total 33,000.00 82,426.00
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6. Expenditure on Charitable Activities
Total 2024 £ Total 2023 £
Bank charges 800.00 2,000.00
Charity management & admin 177,000.00 441,504.00
Charity running costs 106,217.00 264,224.40
Support costs 3,000.00 5,426.00
Total 287,017.00 713,154.40
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7. Support Costs
Total 2024 £ Total 2023 £
Printing and stationery 1,000.00 -
Independent examiner's fees 3,000.00 3,000.00
Total 4,000.00 3,000.00
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8. Other Expenditure
Total 2024 £ Total 2023 £
Depreciation – Fixtures & Fittings 4,000.00 3,100.00
Total 4,000.00 3,100.00
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9. Tangible Fixed Assets
Cost or Valuation Fixtures & Fittings £
At 1 October 2023 12,400.00
Additions -
Disposals -
At 30 September 2024 12,400.00
Depreciation Fixtures & Fittings £
At 1 October 2023 -
Charge for the year 5,000.00
At 30 September 2024 5,000.00
Net Book Value Fixtures & Fittings £
At 1 October 2023 12,400.00
At 30 September 2024 7,400.00
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10. Cash at Bank and in Hand
Total 2024 £ Total 2023 £
Cash at bank and in hand 216,587.20 74,922.40
Total 216,587.20 74,922.40
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11. Funds
11.1 Current Year
Fund names Brought forward £ Income £ Expenditure £ Transfers £ Carried
forward £
Unrestricted funds 191,346.20 356,658.00 (324,017.00) - 223,987.20
Restricted funds - 4,000.00 - - 4,000.00
Total 191,346.20 360,658.00 (324,017.00) - 227,987.20
11.2 Prior Year
Fund names Brought forward £ Income £ Expenditure £ Transfers £ Carried
forward £
Unrestricted funds 102,604.00 887,422.60 (798,680.40) - 191,346.20
Total 102,604.00 887,422.60 (798,680.40) - 191,346.20