## **LIVING HOPE CHURCH TEESSIDE**
**Accounts for the period 10 October 2022 – 5 April 2024**
## **LIVING HOPE CHURCH TEESSIDE**
Accounts for the period 10 October 2022 – 5 April 2024
## **INDEX**
- 1-4 Trustees Annual Report and General information 5 Independent Examiner’s Report to the Trustees 6 Statement of Financial Activities 7 Balance Sheet
- 8-11 Notes to the Accounts
## **LIVING HOPE CHURCH TEESSIDE**
## **TRUSTEES ANNUAL REPORT for the period 10 October 2022 – 5 April 2024**
The trustees are pleased to present their annual report and financial statements of the charity for the period 10 October 2022 – 5 April 2024. As this if the first time of reporting to the Charity Commission, the reporting period covers eighteen months. Prior period figures shown in the accounts are from the eighteen months prior to this reporting period for comparison purposes.
The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charities Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) issued in October 2019, and with the Charities Act 2011.
## **Reference and Administration Details**
Charity name: Living Hope Church Teesside Registered charity number: 1200624 Charity’s principal address: 11 Thornside, Ingleby Barwick, Stockton-on-Tees, TS17 0RT Charity’s Independent Verifier: Josh Rae Tax Assist, Tees Valley Business Centre, Orde Wingate Way, Stockton-on-Tees TS19 0GD
## **Structure, Governance and Management**
Living Hope Church Teesside is a charity registered by the Charity Commission for England and Wales.
The Charity is overseen by a Board of Trustees that meets quarterly.
The trustees who served during the year and since the year end were as follows: Mr J Fletcher Mrs H Harrison (Treasurer) Mrs L Carlin (Chair) Dr S Harrison Mrs V Wilkinson Mr D Brown
All the trustees act in a volunteer capacity. None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity either in this reporting period or the prior period. No trustee expenses have been incurred.
1
## **LIVING HOPE CHURCH TEESSIDE**
## **TRUSTEES ANNUAL REPORT**
**for the period 10 October 2022 – 5 April 2024 (** Continued)
## **Appointment of Trustees**
New trustees will be appointed whenever appropriate. Suitable candidates will generally be selected from within Living Hope Church, will be considered on the basis of their skills, knowledge, experience and sympathy with the aims and ethos of Living Hope Church. New trustees will have the opportunity to review appropriate documents, including the accounts, as part of the induction process.
The Charity recognises the requirement to keep Trustees current in order to best administrate the charity and give help and advice to the leadership team. Training and updates from the Charity Commission will be given and circulated as frequently as possible.
## **Key Management Personnel:**
The day to day running of the church is delegated to the leadership team headed up by the senior pastors, Jeremy and Jill Fletcher.
## **Volunteers**
The church relies heavily on a ’volunteer workforce’ in carrying out its activities. The value of these volunteers is impossible to quantify and, in accordance with the Charities SORP (FRS 102), the general time of volunteers is not recognised in the accounts.
However, the trustees would like to express their gratitude and acknowledge the invaluable contribution of time given freely by so many who help make the church and its activities a success. Approximately 20 volunteers gave their services during the reporting period.
## **Objectives and Activities**
The main objective of the charity as set out in its constitution is to advance the Christian faith in accordance with the statement of beliefs.
The main activity is the provision of a Christian church and its associated activities.
In planning the activities of the charity, the Trustees confirm that they have had due regard to the public benefit guidance issued by the Charity Commission and the specific guidance to charities for the advancement of religion.
The charity’s activities are available to the people of Teesside and the wider area to make a positive contribution to the local and wider community.
The strategies for achieving the charity’s aims include weekly Sunday services, regular midweek groups, events, training and outreach activities.
The charity also provides financial support to fellow Christian ministries working with the poor and needy in Teesside and the wider area.
2
## **LIVING HOPE CHURCH TEESSIDE**
## **TRUSTEES ANNUAL REPORT for the period 10 October 2022 – 5 April 2024 (** Continued)
## **Achievements and Performance**
The Charity has carried out its objectives to advance the Christian faith by providing a Christian church in Ingleby Barwick with the intent of supporting people of the Christian faith with a regular gathering for all ages, including children, as well as providing support for a variety of charitable activities in the UK and abroad.
Regular Sunday meetings are held with teaching, refreshments and children’s activities – all supported by volunteers. Mid-week groups help to provide pastoral care and discipleship.
A number of events and courses, focusing on the spread of the gospel, have been held during the reporting period. These include the Alpha course, the Marriage course as well as Easter and Christmas Craft Nights and an Afternoon Tea. These events were well attended and thoroughly enjoyed by those who came.
The main measure of the charity’s achievements is the number of people attending the weekly Sunday meetings, the mid-week small group meetings and the various other courses, events and activities. The Charity has seen a steady increase in the number of new people, including families with young children, coming to church regularly. There has also been an increase in the number of people regularly attending the mid-week groups throughout the period under review.
The Charity has started working in partnership with the Anglican church and the Catholic church on Ingleby Barwick under the banner of Churches Together on Ingleby with the purpose of providing a visible expression to the community of the unity among the different churches. This partnership is another means by which the charity furthers the advancement of the Christian faith. The three churches meet together on a monthly basis for a joint service and hold a quarterly outreach event together.
## **Financial Review**
During the reporting period, income increased by £20,991 to £47,200 and total expenditure on charitable activities increased by £7,682 to £31,509 resulting in a net surplus of £15,911. The balance on unrestricted funds at the end of the reporting period was £30,066.
The support to missions, which includes support to local Christian ministries as well as supporting needy families within the church and the local community is £9,926. This included a £2,000 donation to the Luis Palau Foundation who are partnering with the churches in Teesside to host an outreach event called Festival Teesside in the summer of 2024.
The main source of income for the year was donations.
3
## **LIVING HOPE CHURCH TEESSIDE**
## **TRUSTEES ANNUAL REPORT**
## **for the period 10 October 2022 – 5 April 2024 (** Continued)
## **Cash Reserves Policy**
The Trustees have set a reserves policy which requires maintaining free cash balances in the unrestricted general fund amounting to £5,000, being approximately 3 months running costs of the charity. This level of reserve will allow the charity’s core activities to continue during a period of unforeseen difficulty.
The reserves policy will be reviewed by the Trustees every 12 months.
## **Risk Management**
Care of children is probably the greatest risk and therefore we ensure that all people working with children have an enhanced DBS check and the Safeguarding policy is adhered to. We are members of an organisation that provides assistance with all safeguarding issues.
This report was approved by the Board on 4[th] February 2025
L. Carlin Trustee and Chair
4
CHARITY COMMISSION Independent examiner's report on the
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## **LIVING HOPE CHURCH TEESSIDE**
## **STATEMENT OF FINANCIAL ACTIVITIES for the period 10 October 2022 – 5 April 2024**
|Note
**Income from:**
Donations
2
**Total income**
**Expenditure on:**
Charitable activities
3
**Total expenditure**
**Net income for the period**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**Total funds**
**for the**
**period**
**Total funds**
**for the prior**
**period**
**£**
**£**
**£**
47,099
47,099
26,108|
|---|---|
||47,099
47,099
26,108|
||31,509
31,509
23,827|
||31,509
31,509
23,827|
||15,590
15,590
2,281|
||15,590
15,590
2,281
14,375
14,375
12,094|
||29,965
29,965
14,375|
The notes on pages 8 to 11 form part of these financial statements
6
## **LIVING HOPE CHURCH TEESSIDE**
## **BALANCE SHEET for the period 10 October 2022 – 5 April 2024**
|Note
**Fixed assets**
Tangible assets
4
**Total fixed assets**
**Current assets**
Debtors
5
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors: amounts falling due within one year
6
**Net current assets**
**Total assets less current liabilities**
**_Total net assets_**
**Funds of the Charity**
Unrestricted funds
**Total funds**|**Unrestricted**
**funds**
**Total for the**
**period**
**Total for the**
**prior period**
**£**
**£**
**£**
4,669 4,669 4,411|
|---|---|
||4,669 4,669 4,411|
||9,855 9,855
18,402 18,402 11,851|
||28,257 28,257 11,851
2,961 2,961 1,887|
||25,296 25,296 9,964|
||29,965 29,965 14,375|
||29,965 29,965 14,375|
||29,965 29,965 14,375|
||29,965 29,965 14,375|
The notes on pages 8 to 11 form part of these financial statements
These accounts were approved by the board of directors and authorised for issue on 4th February 2025 and are signed on their behalf by:
H Harrison
...................................................... Trustee and Treasurer
7
## **LIVING HOPE CHURCH TEESSIDE**
## **NOTES TO THE ACCOUNTS for the period 10 October 2022 – 5 April 2024**
## **1. Accounting Policies**
## a) **Basis of Accounting**
The accounts have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
These accounts have been prepared under the historical cost convention with assets and liabilities recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## b) **Income Recognition Policies**
Donations and other forms of voluntary income are recognised within the accounts when received.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## c) **Donated Services and Facilities**
Volunteers make a significant contribution to all aspects of the charity’s activities. However, in accordance with the Charities SORP (FRS 102), the general time of volunteers is not recognised in the accounts.
## d) **Expenditure**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
8
## **LIVING HOPE CHURCH TEESSIDE**
## **NOTES TO THE ACCOUNTS for the period 10 October 2022 – 5 April 2024** (continued)
## f) **Fund Accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
## g) **Tangible Fixed Assets**
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
|**Asset Category**|**Annual rate**|
|---|---|
|Equipment (costing over £500)|20%|
|Equipment (costing less than £500)|Written off in year of acquisition|
## h) **Debtors**
Trade and other debtors are recognised at the transaction price. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## i) **Cash at Bank and in Hand**
Cash at bank and cash in hand includes cash and short-term highly liquid investments.
## j) **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 estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **2.** I **ncome from donations**
|**2.**I**ncome from donations**||
|---|---|
|Donations and gifts
Gift Aid
**Total**|**Unrestricted**
**funds**
**Total funds**
**Prior period**
**£**
**£**
**£**
37,794 37,794 26,108
9,305 9,305
**This reporting period**|
||47,099 47,099 26,108|
All income in the prior period was unrestricted.
9
## **LIVING HOPE CHURCH TEESSIDE**
## **NOTES TO THE ACCOUNTS**
**for the period 10 October 2022 – 5 April 2024** (continued)
## **3. Analysis of expenditure on charitable activities**
|Depreciation
Rent of community centre
**Total**
Other ministry expenditure
Other administrative expenditure
Missions|**Unrestricted**
**funds**
**Total funds**
**Prior**
**period**
£
£
£
11,307 11,307 9,988
9,266 9,266 4,263
7,673 7,673 7,289
2,318 2,318 877
945 945 1,410
**This reporting period**|
|---|---|
||31,509 31,509 23,827|
## **4. Tangible Fixed Assets**
|At the beginning of the reporting period
Additions
At end of the reporting period
At beginning of the reporting period
Depreciation
At end of the reporting period
At the beginning of the reporting period
At the end of the reporting period
**Net book value**
**Depreciation**
**Cost**|**Equipment**
**Total**
**Prior**
**period**
**£**
**£**
**£**
5,428 5,428 561
2,576 2,576 4,867
**This reporting period**|
|---|---|
||8,004 8,004 5,428|
||1,017 1,017 140
2,318 2,318 877|
||3,335 3,335 1,017|
||4,411 4,411 421|
||4,669 4,669 4,411|
10
## **LIVING HOPE CHURCH TEESSIDE**
## **NOTES TO THE ACCOUNTS for the period 10 October 2022 – 5 April 2024 (continued)**
## **5. Debtors**
|Income tax recoverable re Gift Aid
Other debtors
**Total**|**This**
**reporting**
**period**
**Prior period**
**£**
**£**
9,305
-
550
-
9,855|
|---|---|
## **6. Creditors: amounts falling within one year**
|Rent
**Total**|**This**
**reporting**
**period**
**Prior period**
**£**
**£**
2,961 1,074|
|---|---|
||2,961 1,074|
11