2024-03-31-accounts

Registered Company Number: CE028425 Registered Charity Number: 1198029

LIVING HOPE CHURCH WIRRAL

REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Living Hope Church Wirral Reports and accounts

Contents

Page
Trustees’ Report 3
Statement of Directors’/Trustees’ Responsibilities 5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 9
Notes to the accounts 10

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Living Hope Church Wirral The report of the Trustees for the year ended 31 March 2024

Introduction

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011, and the 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 2015). The board of trustees are satisfied with the performance of the charity during the year and the position at 31 March 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and the charity’s assets are adequate to fulfil its obligations.

Purpose and Activities of the Charity

The charity objects and principal activities are:

To advance the Christian faith in accordance with the statement of beliefs, in Wirral and beyond, as the trustees may from time to time think fit, and other such purposes which are exclusively charitable, according to the laws of England and Wales, and connected with the charitable works of Living Hope Church.

To relieve sickness and financial hardship, and to promote/preserve good health, by the provision of funds, goods or services of any kind (including through the provision of counselling and support, in such parts of Wirral and other parts of the UK, or the world, as the trustees may from time to time think fit.

Further details on how we further these objectives can be found in our Memorandum of Association upon request.

Achievements and performances

Living Hope Church came into being at the beginning of January 2022 worshipping each Sunday at Victoria Hall, Bebington, Wirral, on a rental basis. Shortly afterwards, we were given permission to hold our Tuesday and Thursday evening services at St Paul’s Road Mission, St Paul’s Road, Rock Ferry, Birkenhead, Wirral.

During this time, tithes and offerings have primarily been made through bank transfers, standing orders, but also cash enabling us to support our ministries locally, including the payment to support a full-time pastor. In addition, I would say that the trustees are looking towards beginning to support a small number of external ministries (both in UK and abroad), on a regular basis.

We have put into place a small foodbank, contents of which are available upon request to any member of the church having a significant need for the same.

Our primary aim is to serve God, and to seek His will, for the church and the wider community.

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Living Hope Church Wirral The report of the Trustees for the year ended 31 March 2024

Financial Review

Policies on reserves

Adequate reserves are maintained to fund the charity’s activities for at least six months forward.

Availability and adequacy of assets of the funds

The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Transactions and Financial position

The Statement of Financial Activities show net incoming resources for the year of £24,606 (2023: £18,025). The total reserve at the year-end stands at £42,631 (2023: £18,025). Free unrestricted liquid reserves amounted to £40,907 (2023: £16,945).

Reference and administrative details

Date of registration	23 February 2022:
Company Registration Number	CE028425
The Registered Office is	71 Davenham Avenue,
	Prenton, CH43 2LN
Charity Registration Number	1198029

Directors and trustees

The members of the board of Trustees of the Charity during the year ended 31 March 2024 were:

Stephen Whiteside - Chair Lois Christine Whiteside Simon Arthur Shields Geoffrey Roland Green Deborah Haynes

Non-Trustees in Office

Michael Francis Haynes - Pastor

Meetings are held monthly

Nature of the Governing Documents and Constitution of the Charity

Living Hope Church is a Charitable Incorporated Organisation. We are an independent Church

The Trustees meet on a regular basis throughout the year and raise concerns of any major risks that are foreseeable. These matters are discussed by the Trustees and any necessary actions agreed at those meetings and actions implemented accordingly.

Independent Examiner

Malcolm Wright, Elpizo Limited, Chartered Accountants, 13 Village Road, Higher Bebington, Wirral, CH63 8PP

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Living Hope Church Wirral The report of the Trustees for the year ended 31 March 2024

Statement of Director’s and Trustees’ Responsibilities

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

•  Select suitable accounting policies and then apply them consistently;

•  observe the methods and principles in the Charities SORP;

•  make judgements and estimates that are reasonable and prudent;

•  state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

•  prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

This report was approved by the board of Trustees on 10 July 2024

Stephen Whiteside Chair of the Trustees

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Living Hope Church Wirral Independent Examiner’s Report to the Trustees of the Charity

Report of the Independent Examiners to the Trustees on the account of the Charity for the year ended 31 March 2024

I report on the financial statement of the charitable company on page 7 to 15 for the year ended 31 March 2024.

This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of the Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. It is my responsibility to:

• examine the accounts under section 145 of the Charities Act,

• to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

• to state whether particular matters have come to my attention.

Basis of opinion and scope of work undertaken

My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.

Independent Examiner’s Statement

In connection with examination, no matters have come to my attention;

1. Which gives me reasonable cause to believe that in any material respect the requirements;

2. to keep accounting records in accordance with section 130 of the Charities Act; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

4. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Malcolm Wright - Chartered Accountant

Elpizo Limited, 13 Village Road, Higher Bebington, Wirral CH63 8PP The date upon which my opinion is expressed is: 10 July 2024

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Living Hope Church Wirral Statement of Financial Activities For the year ended March 2024

		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2024	2024	2024	2023
	Notes £		£	£	£
Income
Donations and legacies	2	54,425	560	54,985	40,578
Investment income	3	208	-	208	-
Total Income		54,633	560	55,193	40,578
Expenditure
Expenditure on charitable
activities	4	29,328	379	29,707	21,673
Governance costs	5	880	-	880	880
Total expenditure		30,208	379	30,587	22,553
Net income/(expenditure) for the		year 24,425	181	24,606	18,025
Gross transfer between funds		-	-	-___	-
Net movement in funds		24,425	181	24,606	18,025
Reconciliation of funds:
Total funds brought forward		18,025	-	18,025___-
Total funds carried forward		42,450	181	42,631	18,025

The net movement in funds to above in the net incoming resources as defined in the statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 9 as required by the said statement.

All activities derive from continuing operation.

The notes on page 10 to 15 form an integral part of these accounts

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Living Hope Church Wirral Statement of Financial Activities for the year ended March 2024 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)

	Unrestricted	Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2023	2023	2023
	Notes	£	£	£
Income
Donations and legacies	2	40,578	-	40,578
Total Income		40,578	-	40,578
Expenditure
Expenditure on charitable
activities	4	21,673	-	21,673
Governance costs		880	-	880
Total expenditure		22,553	-	22,553
Net income/(expenditure) for the year 18,025			-	18,025
Gross transfer between funds		-	-	-___
Net movement in funds		18,025	-	18,025
Reconciliation of funds:
Total funds brought forward		-	-	**-_ **
Total funds carried forward		18,025	-	18,025

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Living Hope Church Wirral Charitable Incorporated Organisation - Company Number - CE028425 Balance Sheet as at 31 March 2024

Notes Fixed Assets Tangible assets 10 Total fixed assets Current Asset Debtors Cash at the bank and in hand Total current assets Creditors: - Amount due within one year 11 Net current assets Net assets The funds of the charity Unrestricted income funds Unrestricted revenue accumulated funds 13 Restricted revenue funds Restricted revenue accumulated funds 13 Total charity funds		2024 £ £ 760 760 783 43,576 44,359 (2,488) 41,871 42,631 42,450 181 43,631	2024 £ £ 760 760 783 43,576 44,359 (2,488) 41,871 42,631 42,450 181 43,631	2023 £ £ 1,080 1,080 - 18,774 18,774 (1,829) 16,945 18,025 18,025 - 18,025	2023 £ £ 1,080 1,080 - 18,774 18,774 (1,829) 16,945 18,025 18,025 - 18,025

The classification of Balance Sheet items is set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 6.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies’ regime.

Stephen Whiteside – Chair and Trustee Approved by the board of Trustees on 10 July 2024

The notes on page 10 to 15 form an integral part of these accounts

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Living Hope Church Wirral Notes to the Accounts for the year ended 31 March 2024

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared 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 application in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP(FRS 102) the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102. Assets & liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).

b) Preparation of the accounts on a going concern basis

The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

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Living Hope Church Wirral Notes to the Accounts for the year ended 31 March 2024

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs

 Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated between costs of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note1.

i) Tangible fixed assets

Individual fixed assets costing £100 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:

Asset Category	Annual rate
Freehold building	4%
Plant and equipment	20%

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and bank current and deposit accounts.

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Living Hope Church Wirral Notes to the Accounts for the year ended 31 March 2024

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2 Income from donations and legacies

Donations Tithes & offerings Donations Gift Aid Donated bookkeeping services	2024 £ 45,835 3,360 5,390 400 54,985	2023 £ 38,511 1,677 - 400 40,578

The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

3 Investment Income

All of the charity’s investment income of £208 (2023: nil) arises from money held in interest bearing deposit accounts.

4 Analysis of expenditure on charitable activities

Office and admin Rent Light and heat Travel Professional fees Salaries Insurance Gifts Equipment expensed Depreciation Total	2024 £ 2,684 5,894 756 1,169 349 15,133 119 2,829 454 320 29,707		2023 £ 678 5,778 1,034 345 425 11,667 631 600 314 201 21,673

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Living Hope Church Wirral Notes to the Accounts for the year ended 31 March 2024

5 Analysis of governance and support costs

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance cost, the remaining support costs together with the governance costs are allocated to the charitable activities undertaken in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs.

Analysis of support and governance costs

	General support Governance	General support Governance	General support Governance	Total	Total	Basis of
			Function			apportionment
		£	£	£
Independent Examiners		-	880	880		Governance
Total	-		880	880
Net income/(expenditure) for the year
					2024	2023
					£	£
Net income (expenditure) for		the year		24,606		18,025
After charging:
Depreciation					320	201
Independent examiner’s fees					880	880

6 Net income/(expenditure) for the year

7	Analysis of staff costs, trustee remuneration and expenses, and the cost of key	Analysis of staff costs, trustee remuneration and expenses, and the cost of key	Analysis of staff costs, trustee remuneration and expenses, and the cost of key
	management personnel.
		2024	2023
		£	£
	Salaries and wages	15,133	11,667

No employees had employee benefits in excess of £60,000 (2022: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.

The charity trustees were not paid or received any other benefits from employment with charity in the year neither were they reimbursed expenses during the year.

No charity trustees received payment for professional or other services supplied to the charity.

There were no transactions with connected parties to be reported on in these accounts.

The key management personnel of the charity comprise the trustees and the pastor.

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Living Hope Church Wirral Notes to the Accounts for the year ended 31 March 2024

8 Staff Numbers

The average monthly head count was 1 staff and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:

were as follows:
	2024	2023
	Number	Number
Charitable activities	1	1

9 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Tangible fixed assets

Plant and machinery £ Cost: A at 1 April 2023 1,281 Additions in the year - As at 31 March 2024 1,281 Depreciation: As at 1 April 2023 201 Charge for the year 320 As at 31 March 2024 521 Net book value As at 1 April 2024 760 Creditors: amounts falling due within one year 2024 £ Other creditors and accruals 2,488		Plant and machinery £ 1,281 -	Plant and machinery £ 1,281 -	Plant and machinery £ 1,281 -	Total 2024 £ 1,281 - 1,281 201 320 521 760 2023 £ 1,829
		1,281
			201 320
			521
			760
				2024 £ 2,488

11 Creditors: amounts falling due within one year

12 Contingent assets – legacy income

As at 31 March in each year the charity had not been notified of any legacy income or prospective legacy income.

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Living Hope Church Wirral Notes to the Accounts for the year ended 31 March 2024

13 Analysis of charitable funds Analysis of movements in unrestricted funds

General fund	Balance Funds 1 April Income Expenditure Transfers 31 March 2023 2024 £ £ £ £ £ 18,025 54,633 (30,208) - 42,450

Name of unrestricted Description, nature and purposes of the fund Fund

General fund The ‘free reserves’ after allowing for all designated funds.

Analysis of movements in restricted funds

	Balance at				Funds
	1 April	Income	Expenditure	Transfer 31 March
	2023				2024
	£	£	£	£	£
Hardship Fund	-	560	(379)	-	181
	-	560	(379)	-	181

14 Analysis of net assets between funds

£181 of the charities cash reserves are held on behalf of the restricted fund. The remaining net assets are for the sole unrestricted general fund.

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