Living Hope Bible Church
Registered Charity Number 1195113
Annual Report and Financial Statements
For the period 1 January 2024 to 31 December 2024
Living Hope Bible Church For the period 1 January 2024 to 31 December 2024
| CONTENTS | |
|---|---|
| Church Information | 1 |
| Trustees Report | 2 |
| Receipts & Payments Account | 3 |
| Statement of Assets and Liabilities | 4 |
| Notes to the Financial Statements | 5 |
Page 1
Living Hope Bible Church
For the period 1 January 2024 to 31 December 2024
CHURCH INFORMATION
| Trustees | Nathan Tarrant (Chair) |
|---|---|
| Alan Clark | |
| Charity number | 1195113 |
| Address | St Martin's Chapel |
| 124 High Street | |
| Lydd,Romney Marsh,. | |
| TN29 98A |
_living Hope Bible Church
Page 2
For the period 1 January 2024 to 31 December 2024
Report of the trustees
The trustees have pleasure in presenting their annual report and accounts for the period 1 January 2024 to 31 December 2024.
1 Objectives and activities
The objectives of the CIO are to advance the Christian faith in accordance with the statement of basis of faith, primarily (but not exclusively) within Romney Marsh and the the surrounding neighbourhood.
2 Structure, governance and management
Living Hope Bible Church is a CIO governed by its Constitution registered with the Charity Commission on the 9 July 2021.
The trustees who served during the year were:
Nathan Tarrant
Alan Clark
The Church is run by the trustees. New trustees are appointed in accordance with the Constitution. The Church is a member of the Association of Confessional Baptist Churches UK and the Association of Grace Baptist Churches SE. '
3 Review of Activities
The activities of the church are its regular ministry of public worship on Sunday morning and bible study on a Wednesday evening.
There are currently ten members of the congregation. Our main evangelist activity is spending time engaging in conversations with local people.
4 Public benefit
The trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the Church should undertake.
5 Financial review
For this period of operation, these financial statements have been prepared on a receipt and payments basis. There was a net income of donations/offerings for the period of £13,491,12 and a balance on cash funds of £4,027.20 at 31 December 2024.
The Church has a reserve policy of ensuring at least three months of annual expenditure is held in reserve, in order for the church to be able to meet its financial commitments.
6 Risk Management
The trustees continually consider the major risks to which the Church is exp6sed, and are satisfied that systems are in place to mitigate exposure to these risks.
Trustee
Date:24/10/25
'
Living Hope Bible Church For the period 1 January 2024 to 31 December 2024
Page 3
Receipts and Payments Account
| Receipts Offerings Other Donations Building Support Mission Support Offerings Total receipts Payments Cleaning Entertainment-100% business General Expenses Insurance IT Software and Consumables Light, Power, Heating Missions Support Repairs & Maintenance Subscriptions Telephone and Internet Total payments Net receipts/(payments) Cash funds at 31 December 2024 |
Unrestricted Funds Restricted Funds .£ £ 9,650.00 3,641.12 0 650 13941.12 39.97 48.52 794.65 957.04 19.48 3,118.62 3,985.00 74.98 267.70 607.96 9,913.92 4,027.20 |
Total £ 9,650.00 3,641.12 0 650 |
|
|---|---|---|---|
| 13941.12 | |||
| 39.97 | |||
| 48.52 | |||
| 794.65 | |||
| 957.04 | |||
| 19.48 | |||
| 3,118.62 | |||
| 3,985.00 | |||
| 74.98 | |||
| 267.70 | |||
| 607.96 | |||
| 9,913.92 4,027.20 |
|||
| 4,027.20 |
4,027.20 |
Living Hope Bible Church As At 31 December 2024
Page 4
Statement of Assets and Liabilities
| Cash fu.nds CAF Current Account 00011621 Non monetary assets Freehold Property - St Martin's Chapel,124 High Street,Lydd,Kent. TN29 9BA Liabilities |
2024 £ 4,027.20 |
|---|---|
| 4,027.20 | |
| £ 200,000 £ 0 |
Page 5
Living Hope Bible Church
For the period 1 January 2024 to 31 December 2024
Notes to the Financial Statements
1 Accounting Policies
The Financial Statements have been prepared on a receipts and payments basis in accordance with Section 133 of the Charities Act 2011.
2 Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives, unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used.
3 Related Party Transactions
There were no other related party transactions.