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2024-12-31-accounts

Trustees’ Annual Report for the period from 01/01/2024 to 31/12/24

Charity name: Light of Life Baptist Church

Charity registration number:1201230

Objectives and Activities

The principal purposes of the Church are: -

The advancement of the Christian faith according to the principles of the Baptist denomination.

The Church may also advance education and conduct other charitable purposes in the United Kingdom and/or other parts of the world.

Beliefs

As a member of the Baptist Union the Church subscribes to the Baptist Union’s Declaration of Principle:

“That our Lord and Saviour Jesus Christ, God manifest in the flesh, is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each church has liberty, under the guidance of the Holy Spirit, to interpret and administer His laws.

That Christian Baptism is the immersion in water into the name of the Father, the Son and Holy Spirit, of those who have professed repentance towards God and faith in our Lord Jesus Christ who ‘died for our sins according to the Scriptures; was buried and rose again on the third day’.

That it is the duty of every disciple to bear personal witness to the gospel of Jesus Christ, and to take part in the evangelisation of the world.”

Activities

In fulfilling the purposes, the Church will engage in a range of activities either on its own or with others that will vary from time to time with activities being initiated, expanded, or closed, as appropriate.

The activities may include but are not restricted to:

The charity trustees have regard to the guidance issued by the Charity Commission on public benefit.

Achievements and Performance

Light of Life Baptist Church CIO in 2024 was continuing the work of the church in promoting the Christian Faith as detailed in ‘Activities’ above.

In 2024 Light of Life Baptist Church CIO had the following achievements:

sunrise service on Scratby beach on Easter morning, a Harvest celebration, Christmas Carol service and a New Year ’s Eve games morning. Everyone has been welcomed to these events, by publicising both in the Chapel’s front Window (which is on the pavement edge) and through social media (The Chapel’s Facebook page). Events are promoted through the local Facebook community page. Christmas services were advertised in the free local NR29 booklet which is delivered to all households in the NR29 area.

Financial Review

Light Of Life Baptist Church CIO, Charity Number 1201230 was legally registered with The Charity Commission for England on 5.12.22.

End of year accounts for Light of Life Baptist Church (up to 31.12.24) have been prepared.

Reserves Policy:

We should only hold money in reserve for specific reasons. Whilst the Bible clearly indicates that we should not hoard, it is also clear that sensible planning for known events and responsibility for, and to, others is important. We are taught to believe that God will provide, and we all know that this is true and that there are many instances, both large and small, in which it can be demonstrated. God does not however expect his people to be foolhardy, but to count the cost of a project before they proceed with it. The Trustees need to balance their faith in the ongoing provision of God through his people, with the contractual obligations they have.

We believe it is correct and proper to hold in reserve a minimum of 3 months operational costs. This is to ensure we can meet our responsibilities and contractual obligations through any minor disruption in income.

The trustees will review the reserves policy every year, with the treasurer [continually] monitoring the status of the church finances and providing interim information / reports to leadership and membership meetings.

Structure, Governance and Management

Type of governing Document: Constitution

How is the Charity Constituted? Charitable Incorporated Organisation

Trustee selection detailed in Constitution of Light of Life Baptist Church CIO. Trustees are members of Light of Life Baptist Church and are elected by the membership at Members’ meetings .

Reference and Administrative details

Charity name

Light of Life Baptist Church

Other name the charity
uses
LOL
Registered charity number 1201230
Charity’s principal address Light of Life Baptist Church, The Chapel, North Road,
Ormesby,Great Yarmouth. NR29 3RS

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
Trustee name Office (if any) Dates acted if
not for full
year
Name of person (or body)
entitled to appoint trustee (if
any)
Rev Elizabeth
Stoner
Minister Membership of Light of Life Baptist
Church
Marie Hearney Treasurer Membership of Light of Life Baptist
Church
Catherine
Linstead
Secretary Membership of Light of Life Baptist
Church
Gemma Pearce Membership of Light of Life Baptist
Church
Heather Nichols Membership of Light of Life Baptist
Church
Stephen Howard Membership of Light of Life Baptist
Church
Hannah Farman April 2024 Membership of Light of Life Baptist
Church

– Corporate trustees names of the directors at the date the report was approved.

Director name None

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for
**fullyear **

Funds held as custodian trustees on behalf of others.

Description of the assets None held held in this capacity. Name and objects of the charity on whose behalf the assets are held and how this sits within the

custodian charity’s objects. Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Other optional information

Light Of Life Baptist Church CIO, Charity Number 1201230 was legally registered with The Charity Commission for England on 5.12.22.

The financial year for Light Of Life Baptist Church runs from 1[st] January to 31[st] December.

Light of Life Baptist Church CIO Charity Trustees’ plan for 2024 was:

All these targets were achieved.

Light of Life Baptist Church CIO Trustees plans for 2025 are:

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (e.g. Secretary,
Chair)
Date
Marie Hearney Gemma Pearce

Treasurer
Trustee
2.6.25
2.6.25

Light of Life Baptist Church

1201230

Recei ts and a ments accounts p p y

For the period Period start date Period end date To from 1.1.24 31.12.24

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest
£
Unrestricted
funds
to the nearest
£
Restricted
funds
to the nearest £
Restricted
funds
to the nearest £
Endowment
funds
to the nearest £
Endowment
funds
to the nearest £
Total funds
to the nearest £
Offertory,chapel hire,letton hallpayments 35,310 - - 35,310
Gift Aid 7,203 350 - 7,553
Deposit accounts interest - - 942 942
Transfer of LOL non CIO monies to LOL
CIO
- - -
Restricted donations to be passed to
others(food bank,BfC,tear fund)
- 498 - 498
Restricted grants for heating and hearing
loop
- 2,800 - 2,800
EBAgrant forpublicityand mission 1,850 - 1,850
Restricted donations forpension loan - 1,400 - 1,400
Restricted donations for CB memorial fund
Restricted donations for publicity and
electricity
- 430 - 430
Sub total(Gross income for
AR)
44,363 5,478 942 50,783
A2 Asset and investment sales,
(see table).
Sale of kitchen items - -
Misc refunds to account (youth chill
monies and manse water and sewerage
payments
534 534
Sub total 534 534
Total receipts
A3 Payments
51,317
Ministrycosts 32,868 - - 32,868
Tithes 4,208 - - 4,208
Hospitality, outreach, LOL young people 1,072 - - 1,072
Pension loan repayments - 3,308 - 3,308
Gifts to other organisations (food bank, B
f C,tear fund)
- 498 - 498
Resources for LOL operations (BU
membership, A Rocha, resources,
speaker expenses, leadership costs,
Letton Hallpayment)
1,267 - - 1,267
Chapel maintenance and hearing loop 481 1,609 - 2,090
Chapel utilities and insurance 1,824 600 - 2,424
Office, wifi, website, tech, CCLI, bank
charges
1,385 - - 1,385
Sub total
CCXX R1 accounts (SS)
43,105 6,015
1
- 49,120

----- Start of picture text -----
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 43,105 6,015 - 49,120
Net of receipts/(payments) 1,792 - 537 942 2,197
A5 Transfers between funds - - - -
- - - -
A6 Cash funds last year end
Cash funds this year end 1,792 - 537 942 2,197
----- End of picture text -----

CCXX R2 accounts (SS)

2

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets
CCXX R3 accounts (SS)
Current account
BU 1 month notice deposit account
BU 7 day notice deposit account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Current account
BU 1 month notice deposit account
BU 7 day notice deposit account
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Unrestricted
funds
to nearest £
Unrestricted
funds
to nearest £
Restricted
funds
to nearest £
3,478 -
20,430 5,492
2,549 -
26,457 5,492
Agreement Error
Restricted
funds
to nearest £
- -
- -
- -
- -
- -
- -
Details Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Details Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Details Fund to which
liability relates
Amount due
(optional)
Pension Loan with Baptist Union
~~Corporation Limited outstanding balance~~
39,468
~~,~~ -
3 -

Signed by one or two trustees on behalf of all the trustees

-
-
Signature Print Name
Marie Hearney
Gemma Pearce

CCXX R4 accounts (SS)

4

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CC16a
----- End of picture text -----

Last year

to the nearest £

17,695 2,877 562 34,733 368 1,000 - 3,500 180 187 61,102

30

-

30

61,132

17,454 1,980 904 5,907 384 1,049 764 1,505 1,434 31,381 5

CCXX R5 accounts (SS)

31,381 29,751 - - 29,751

CCXX R6 accounts (SS)

6

Endowment funds to nearest £ - - - -

Agreement Error

Endowment funds

to nearest £

-

Current value (optional)

-

Current value (optional)

-

When due (optional)

CCXX R7 accounts (SS)

7

----- Start of picture text -----
Date of
approval
25.2.25
25.2.25
----- End of picture text -----

CCXX R8 accounts (SS)

8

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A. Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended 31.12.24 Charity no (if any) 1201230 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention ( ) in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date: Signed: Name: TGHN (L[ Relevant professional qualification(s) or body (if any): Address: q COFtyIWJ ryL(VG ffv Ll< IER October 2018

Section B Disclosure Only complete if the examiner needs to highlight matters of con￿rn (see CC32, Independent examination of charity accounts: directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018