LIFEHOUSE CHURCH
The objects of the charity are for the benefit of the public. To advance the Christian faith, to relieve sickness and financial hardship and to promote and preserve good health and to advance education in such ways and in such parts of the United Kingdom as the directors may think fit.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £11,153 for the year ended 31 December 2024, with total income increasing to £660,792. Per the trustees' report, free/unrestricted reserves decreased to £116,657, which is below the stated policy target of maintaining three to six months of expenditure. The auditor confirmed that resources are adequate to continue in operational existence for the foreseeable future with no material uncertainties identified.
What the accounts disclose
“It is the policy of the charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 6
“The total amount of donations received from trustees without conditions was £116,077 (2023: £147,286). The total amount of donations received from trustees' family members and related parties without conditions was £23,435 (2023: £12,482). Gifts given to trustees during the year amounted to £1,712 with a further £1,753 gifted to trustees' family members and related parties.” — page 28
“P Hollingworth (Member and Trustee) received remuneration of £48,102 (2023: £46,669), employers' NI contributions of £5,383 (2023: £4,747) and employer's pension contributions of £1,996 (2023: £1,551) in respect of his employment with the church.” — page 28
“The total amount of donations received from trustees without conditions was £116,077 (2023: £147,286). The total amount of donations received from trustees' family members and related parties without conditions was £23,435 (2023: £12,482). Gifts given to trustees during the year amounted to £1,712 with a further £1,753 gifted to trustees' family members and related parties.” — page 28
“P Hollingworth (Member and Trustee) received remuneration of £48,102 (2023: £46,669), employers' NI contributions of £5,383 (2023: £4,747) and employer's pension contributions of £1,996 (2023: £1,551) in respect of his employment with the church.” — page 28
“The total amount of donations received from trustees without conditions was £116,077 (2023: £147,286). The total amount of donations received from trustees' family members and related parties without conditions was £23,435 (2023: £12,482). Gifts given to trustees during the year amounted to £1,712 with a further £1,753 gifted to trustees' family members and related parties.” — page 28
“P Hollingworth (Member and Trustee) received remuneration of £48,102 (2023: £46,669), employers' NI contributions of £5,383 (2023: £4,747) and employer's pension contributions of £1,996 (2023: £1,551) in respect of his employment with the church.” — page 28
“The total amount of donations received from trustees without conditions was £116,077 (2023: £147,286). The total amount of donations received from trustees' family members and related parties without conditions was £23,435 (2023: £12,482). Gifts given to trustees during the year amounted to £1,712 with a further £1,753 gifted to trustees' family members and related parties.” — page 28
“P Hollingworth (Member and Trustee) received remuneration of £48,102 (2023: £46,669), employers' NI contributions of £5,383 (2023: £4,747) and employer's pension contributions of £1,996 (2023: £1,551) in respect of his employment with the church.” — page 28
“The total amount of donations received from trustees without conditions was £116,077 (2023: £147,286). The total amount of donations received from trustees' family members and related parties without conditions was £23,435 (2023: £12,482). Gifts given to trustees during the year amounted to £1,712 with a further £1,753 gifted to trustees' family members and related parties.” — page 28
“P Hollingworth (Member and Trustee) received remuneration of £48,102 (2023: £46,669), employers' NI contributions of £5,383 (2023: £4,747) and employer's pension contributions of £1,996 (2023: £1,551) in respect of his employment with the church.” — page 28
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Paul Hollingworthchair
- JOESEPH WILLIAM NEEDHAM
- Jane Patricia Meakin
- Mark Steele
- Toluwani Bello
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £661k | £650k |
| 31/12/2023 | £613k | £539k |
| 31/12/2022 | £476k | £393k |
| 31/12/2021 | £533k | £298k |
| 31/12/2020 | £306k | £284k |
Common questions
Is LIFEHOUSE CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £11,153 for the year ended 31 December 2024, with total income increasing to £660,792. Per the trustees' report, free/unrestricted reserves decreased to £116,657, which is below the stated policy target of maintaining three to six months of expenditure. The auditor confirmed that resources are adequate to continue in operational existence for the foreseeable future with no material uncertainties identified. Its FY2024 accounts were audited by UHY Hacker Young.