# **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2025**
**SILKLIFE CHURCH**
**CHARITY REGISTRATION No:1110560**
SILKLIFE CHURCH
## **CONTENTS**
- Page 3 Legal and Administrative Information Page 4 Independent Examiner’s Report to the Trustees Page 5 Trustees Report Page 7 Statement of Receipts and Payments Page 8 Statement of Assets and Liabilities Pages 9 to 11 Notes to the Accounts
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SILKLIFE CHURCH
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1110560 **START OF FINANCIAL PERIOD** 1[st] April 2024 **END OF FINANCIAL PERIOD** 31[st] March 2025 **TRUSTEES AT 31ST MARCH 2025** Cliff Bradbrook Alain Kyd Chrissie Thompson David Atkinson Alicia Rossell Anneke Renken
The existing Trustees appoint any new Trustees following the provisions laid out in the organisation’s governing instrument.
**LEGAL STATUS**
Unincorporated Charity
**GOVERNING INSTRUMENT** Declaration of Trust Deed dated 28th June 2005
## **OBJECTIVES**
1. The advancement of the Christian religion in accordance with the statement of beliefs set out in the annex to this document particularly but not exclusively in Macclesfield (Hereinafter known as the “Area of Benefit”)
2. The Relief of those in need in particular but not exclusively the elderly and those persons in condition of financial hardship in the area of benefit by the provision of grants, loans or any other such assistance given at the trustees’ absolute discretion
3. To advance public education in particular that of children and adults in the area of benefit.
**CORRESPONDENCE ADDRESS** Silklife Church The Silklife Centre George Street Macclesfield Cheshire SK11 6HS **PRIMARY BANKERS** The Co-operative Bank 12 Castle Street Macclesfield Cheshire SK11 6AF
## **INDEPENDENT EXAMINER**
C J Allies FCCA 1 Spinney Mead Macclesfield SK10 2BY
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SILKLIFE CHURCH
## INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/members of Macclesfield Family Church on the accounts for the period ended 31[st] March 2025 set out on pages 7 to 11.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I have carried out my examination in accordance with the general directions given by the Charity Commission under section 145 of the Charities Act 2011. My examination was carried out in accordance with the Directions, and involved a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not constitute an audit and I do not express an audit opinion on the accounts.
## **Independent examiners statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act 2011; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011 have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
C J Allies FCCA 1 Spinney Mead Macclesfield SK10 2BY
Date:
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## SILKLIFE CHURCH
## TRUSTEES’ REPORT FOR THE PERIOD ENDED 31[st] MARCH 2025
Macclesfield Family Church has been meeting regularly in Macclesfield since April 2003 as a church plant of Burnage Family Church (N0. 1021798). With effect from 25[th] July 2005 it became registered as a charity in its own right with its own Trust Deed. In September 2009 it changed name from Macclesfield Family Church to Silklife Church.
Over the last year this is how we have endeavoured to fulfil our Trust Deed Objectives:
1. The advancement of the Christian religion in accordance with the statement of beliefs set out in the annex to this document particularly but not exclusively in Macclesfield (Hereinafter known as the “Area of Benefit”)
2. The Relief of those in need in particular but not exclusively the elderly and those persons in condition of financial hardship in the area of benefit by the provision of grants, loans or any other such assistance given at the trustees absolute discretion
3. To advance public education in particular that of children and adults in the area of benefit.
## **Objective 1.**
1. Sunday morning services (including teaching of children referred to in Objective 3) during which the bible is preached and taught.
2. The Church continued to run Sunday services and a range of mid-week meetings for 1:1s and small groups. 3. Midweek “Growth Groups” where people build friendships and encourage each other. Bible-based teaching is discussed and applied.
4. Publicity including the church website advertising the church and furthering the gospel and bible teaching.
5. Teaching from Sunday morning is available online through Youtube and Soundcloud.
6. Special events like Open Air services, bridge events and lessons in school.
7. Silklife have a thriving children’s work and youth ministry with approximately 60-70 under 18s.
## **Objective 2.**
1. Hope in North East Cheshire Initiatives - in partnership with over 30 other churches in Macclesfield and also in partnership with local agencies including the police, council and fire services. We have provided a practical and financial contribution to Hope In North East Cheshire.
2. Silklife continue to provide relief for hardship in the form of emergency food parcels, nappies and baby supplies, feminine hygiene products, sleeping bags and basic clothing for the homeless.
3. Silkilife runs a weekly Community Hub for the vulnerable adults in our community. This consists of a warm space, hot meal, befriending, games and music. Clients can access specialist services including housing, counselling, health and hair cutting at the Community Hub.
4. We continue to employ a full time Foodbank manager and have around 80 volunteers who contribute towards our social action work. These volunteers are from Churches, businesses, third sector organisations and independent members of the community.
5. Silklife has opened an additional warehouse space to meet the consistently high need for emergency provisions.
## **Objective 3.**
1. Silklife have a thriving children’s work and youth ministry with approximately 60-70 under 18s. 2. We offer various Sunday school clubs for children aged 0-11. This includes education in the Christian religion and general education is achieved simultaneously.
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## SILKLIFE CHURCH
3. Our Youth Club meets midweek, weekends and Sunday mornings depending on the activity and setting. This includes education in the Christian Religion for 11-18 year olds.
4. Each Summer Silklife takes a youth group of around 25 young people to New Day Christian Festival. 5. In April 2024 the Church partnered with Saltmine Theatre Company who performed the Rhyming Bible to four schools in Macclesfield. Saltmine returned to Macclesfield in October 2024 to perform for nine more schools.
6. Silklife partners with Sowing Roots who offer education services to Primary schools in Macclesfield and the surrounding towns and villages.
## **Risk management**
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserve stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **Financial review**
During the year, the charity’s income increased to £279,369, reflecting growth in special collections. Expenditure remained aligned with charitable objectives, and the charity ended the year with a surplus. Reserves are monitored to ensure they support ongoing commitments and provide resilience against future uncertainties.
## **Reserves Policy**
An amount of £50,000 has been designated as a reserve fund to cover regular commitments which would be unavoidable if income were to suddenly cease. The trustees have considered the level of reserves they wish to retain, appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
Approved by the Trustees on
Signed on their behalf by Trustee
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SILKLIFE CHURCH
## **STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDING 31[st] MARCH 2025**
||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2024/2025|2023/2024|
|**RECEIPTS**||||||
|Voluntary Receipts|2a|146,352|21,100|167,452|112,595|
|Investment Income|2b|0|0|0|0|
|Other Receipts|2c|82,880|29,037|111,917|119,179|
|**TOTAL RECEIPTS**||**_229,232_**|**_50,137_**|**_279,369_**|**231,774**|
|**PAYMENTS**||||||
|Cost of Generating Voluntary|3a|9,800|50,137|59,937|30,055|
|Receipts||||||
|Cost of Charitable Activities|3b|111,818|0|111,818|136,377|
|Governance Costs|3c|60,404|0|60,404|57,554|
|**TOTAL PAYMENTS**||**_182,022_**|**_50,137_**|**_232,159_**|**223,986**|
|**NET**||||**_47,210_**|**7,788**|
|**INCOMING/(OUTGOING)**||||||
|**RESOURCES**||||||
|Balances Brought Forward||||167,449|159,661|
|**BALANCES CARRIED**||||**_214,659_**|**167,449**|
|**FORWARD**||||||
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SILKLIFE CHURCH
## **STATEMENT OF ASSETS AND LIABILITIES**
## **AS AT 31[st] MARCH 2025**
|Notes
**ASSETS**
**Cash Funds:**
Current Account
Total Assets
**Assets retained for the**
**Charity’s own use:**
Equipment
Motor vehicles
Leasehold improvements
**Total Net Assets**
**Represented by:**
General Fund
Reserve fund|31/3/2025
31/3/2024
£
£
_176,312_
_150,863_|
|---|---|
||**176,312**
**150,863**|
||7,072
7,086
8,550
9,500
22,725
0|
||**38,347**
**16,586**|
|||
||**214,659**
**167,449**|
||164,659
100,863
50,000
50,000|
||**214,659**
**150,863**|
Approved by the Trustees on
Signed on their behalf by Trustee
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SILKLIFE CHURCH
## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2025**
1. ACCOUNTING POLICIES
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) and applicable UK accounting standards. The charity meets the definition of a public benefit entity under FRS 102.
## **Income Recognition**
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Donations and grants are included when receivable. Income from fundraising events is recognised gross.
## **Expenditure Recognition**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable activities include direct and support costs.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees. Restricted funds are subject to specific conditions imposed by donors or grant-makers.
## **Fixed Assets**
Tangible fixed assets are capitalised and depreciated on a straight-line basis. Equipment and motor vehicles over 5 years. Items costing less than £500 are not capitalised. Leasehold improvements are depreciated over 10 years.
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## SILKLIFE CHURCH
|2.
RECEIPTS
Note
a) Voluntary Receipts
Tithes and collections
Special Collections and gifts
Children’s/youth worker
Gift Aid Tax Reclaimed
b) Investment Income
Bank Interest
c) Other Receipts
Rental income
Youth and outreach
Foodbank – donations and grants|Unrestricted
Funds
Restricted
Funds
71,188
0
52,205
11,100
0
10,000
22,959
0|Total
2024/25
Total
2023/24
71,188
74,337
63,305
14,967
10,000
1,576
22,959
21,715|
|---|---|---|
||146,352
21,100|167,452
112,595|
||0
0|0
0|
||0
0|0
0|
||400
0
9,108
0
73,372
29,037|400
980
9,108
5,366
102,409
112,833|
||82,880
29,037|111,917
119,179|
3. TANGIBLE FIXED ASSETS
|**Asset category**
Equipment
Motor Vehicles
Leasehold improvements
Total|**Brought**
**forward £**
**Additions**
**£**
**Depreciation**
**£**
**Carried**
**forward £**
7,086
1,754
1,768
7,072
9,500
950
8,550
25,250
2,525
22,725|
|---|---|
||16,586
27,004
5,243
38,347|
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SILKLIFE CHURCH
## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2025**
|4.
PAYMENTS
Note
a) Cost of Generating
Voluntary Receipts
Overseas and Mission
Foodbank
Children’s/youth worker
Christ Central Churches
b) Costs of Charitable
Activities
Church Resources
Youth and Newday
Outreach
Retreat
Staff Costs
5&6
Personal pension
Training
DBS costs
Membership fees and
subscriptions
Visiting Guest Gifts and
Expenses
c) Governance Costs
Independent examiners
costs
Light, heat and water
Insurance
Cleaning and hygiene
Other, including repairs
and phone
Rent
Motor expenses
Depreciation|Unrestricted
Funds
Restricted
Funds
Total
2024/25
Total
2023/24
0
0
11,100
29,037
11,100
29,037
9,000
18,055
0
10,000
10,000
0
9,800
0
9,800
3,000|
|---|---|
||9,800
50,137
59,937
30,055|
||3,871
0
3,871
2,104
9,347
0
9,347
5,330
9,580
0
9,580
12,463
149
0
149
11,976
81,425
0
81,425
98,497
1,163
0
1,163
1,163
483
0
483
1,385
268
0
268
446
1,424
0
1,424
1,083
4,108
0
4,108
1,930|
||111,818
0
111,818
136,377|
||400
0
400
400
11,170
0
11,170
15,363
3,302
0
3,302
2,967
7,370
0
7,370
6,027
6,294
0
6,294
3,362
26,500
0
26,500
26,500
125
0
125
2,935
5,243
0
5,243
0|
||60,404
0
60,404
57,554|
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SILKLIFE CHURCH
## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[st] MARCH 2025**
## 5. PAYMENTS TO TRUSTEES
During the financial year trustee Mr D Atkinson received £20,484 (2024: £19,512) in salary in furthering the charity’s objects.
No other payments were made to Trustees during this financial period. No other material transaction took place between the organisation and a trustee.
## 6. STAFF COSTS AND NUMBERS
|STAFF COSTS AND NUMBERS|||
|---|---|---|
|Gross Wages and Salaries
Employees who were engaged in
activities in furtherance of organisation’s
objects at 31/3/2025|2024/25
81,425
4|2023/24
98,497|
|||5|
No employees received emoluments in the range of over £50,000. The payroll is operated under the PAYE scheme with the Inland Revenue.
## 7. ANALYSIS OF MOVEMENT IN FUNDS
||General fund|Reserve fund|
|---|---|---|
|Brought forward|167,449|50,000|
|Surplus for the year|23,790|0|
|Carried forward|191,239|50,000|
The general fund is unrestricted, the reserve fund was created to comply with the reserves policy in note 7 and does not move in the year.
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