## **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**<br>Offerings<br>Other Donations<br>Building Support<br>Mission Support Offerings<br>**Total receipts**<br>**Payments**<br>Cleaning<br>Entertainment-100% business<br>General Expenses<br>Insurance<br>IT Software and Consumables<br>Light, Power, Heating<br>Missions Support<br>Repairs & Maintenance<br>Subscriptions<br>Telephone and Internet<br>**Total payments**<br>Net receipts/(payments)<br>**Cash funds at 31 December**<br>**2024**||**Unrestricted Funds**<br>**Restricted**<br>**Funds**<br>**.£**<br>**£**<br>9,650.00<br>3,641.12<br>0<br>650<br>13941.12<br>39.97<br>48.52<br>794.65<br>957.04<br>19.48<br>3,118.62<br>3,985.00<br>74.98<br>267.70<br>607.96<br>**9,913.92**<br>4,027.20<br>|**Total**<br>**£**<br>9,650.00<br>3,641.12<br>0<br>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**<br>4,027.20|
|||**4,027.20**<br>|**4,027.20**|





**Living Hope Bible Church As At 31 December 2024** 

**Page 4** 

## **Statement of Assets and Liabilities** 

|**Cash fu.nds**<br>CAF Current Account 00011621<br>**Non monetary assets**<br>Freehold Property - St Martin's Chapel,124 High Street,Lydd,Kent. TN29 9BA<br>**Liabilities**|**2024**<br>£<br>**4,027.20**|
|---|---|
||**4,027.20**|
||£<br>200,000<br>£<br>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.