FAITH LIFE CHURCH CAMBRIDGE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
CONTENTS AND CHARITY INFORMATION
| CONTENTS: | PAGE: | |||||
|---|---|---|---|---|---|---|
| TrusteesAnnualReport | 1-3 | |||||
| Independent Examiners Report | 4 | |||||
| Statement ofFinancial Activities | 5 | |||||
| _ | ||||||
| Balance Sheet | 6 | ; | ||||
| StatementofCashFlows | 7 | |||||
| Notes to theFinancial Statements | 8-11 | |||||
| . | ||||||
| TRUSTEES: | MarkBaines Sherryl!Anne Baines |
|||||
| Roger Bostock | ||||||
| Paul Haworth (resigned 16/04/25) | ||||||
| Jurgens Anthonie Peters(appointed 16/04/25) | ||||||
| PRINCIPALADDRESS: | AlliaFuture Business Centre | |||||
| Kings HedgesRoad | ||||||
| Cambridge | ||||||
| CB4 2HY | ||||||
| CHARITY NUMBER: | 1114208 | |||||
| INDEPENDENTEXAMINER: | IanW ShipleyFCCA | |||||
| For and on behalfof: | ; | |||||
| Prentis &Co LLP | ||||||
| Chartered Accountants | ||||||
| & IndependentExaminers | ||||||
| 115¢ Milton Road | ||||||
| ; | Cambridge | |||||
| CB41XE |
~ FAITH LIFE CHURCH CAMBRIDGE
PAGE 1
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
TRUSTEES ANNUAL REPORT
The Trustees present their report and financial statements for Faith Life Church Cambridge (the "Trust") for the year ended 30th April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective Ist January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT. AND APPOINTMENT OF TRUSTEES
The Charity was formed under a constitution dated 27th March 2006 and adopted by the founding trustees. The Charity was registered by the Charity Commissioners on 27th March 2006. Faith Life Church Cambridge is constituted under a Trust Deed and Trustees are appointed in accordance with that Deed. The Trustees keep under review the skill requirements of the Charity. They ensure that in the event of a Trustee permanently retiring or additional Trustees are needed that potential Trustees will be able to contribute towards achieving the Charity's objectives. The ultimate decision on selection of a new Trustee is a matter for the current Trustees.
THE CHARITY'S MAIN OBJECTIVES
To advance Christianity in Cambridgeshire and elsewhere, by any means or medium that is or may become available, in accordance with the statement of doctrine set out in the schedule of the supplemental declaration of trust dated 27th March 2006.
«To relieve poverty and those who are in need because of sickness or age or some other charitable need. ¢To advance education both general and vocational for children or adults, but always within the principles of the Christian Faith.
ORGANISATION
The Charity is run by the Trustees who have regular meetings to consider direction and to address financial management. The day to day duties are carried out by the Senior Leader and the staff team assisted by volunteers from within the Charity. The senior leader reports directly to the Trustees.
RISK MANAGEMENT
The Trustees are pleased to be able to report that in their view, there are few areas of financial risk facing the Trust. Any that may arise can, in their opinion, be adequately provided for by maintaining a strategic reserve that would allow the Trust to operate without interruption for 3 months, on the basis of current expenditure patterns, even if income were to cease entirely. Such an eventuality must be considered as an extreme scenario and in reality, even a significant reduction in income would allow the Trust to continue for longer than that as it sought to evaluate the impact of the changed situation.
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In addition, the Trustees have carefully reviewed the Trust's insurance needs and have put in place policies to cover public liability, injury to church workers and loss or damage to and from various properties used by Faith Life Church in the furtherance of its activities.
OBJECTIVES, ACTIVITIES AND PUBLIC BENEFIT
The Trust's objectives are the advancement of Christianity in Cambridgeshire and elsewhere, mainly through the regular worship, prayer and teaching meetings of Faith Life Church Cambridge. These meetings were both ‘all-church’ in nature and also age or gender specific, as appropriate, and were designed to further Christian discipleship.
The main activities of the church in seeking to fulfil these objectives are focussed on our regular weekly meetings, Both on Sundays and mid-week, These meetings have grown in attendance numbers throughout the period.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.
\ FAITH LIFE CHURCH CAMBRIDGE
PAGE 2
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
TRUSTEES ANNUAL REPORT continued
ACHIEVEMENTS AND PERFORMANCE
During the year Faith Life Church received a steady stream of income. This enabled the charity to fulfil its objectives for the year. The charity is hugely grateful for the ongoing support and generous giving of the church members,
The church has continued to invest in developing the staff team. The team continues to develop. Particularly pleasing has been the development of our work with Children and Youth, which shows a positive outcome from our investments in that area and the work of the excellent team (staff member and volunteers).
Our network of churches called 'Faith and Life’ which is a group of autonomous churches who look to us for relationship and mentoring support continues to thrive. In the UK we connect with churches in Croydon and Kendal as well as a small online group in Norwich. Overseas we connect with two churches in the Netherlands; and provide direct support and mentoring to our churches and outreaches in Bulgaria amongst the Gypsy community, Orphanages and Ukrainian refugee housing and feeding programme.
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Faith Life Church is no longer part of the Harvest Alliance and are now part of the Further Faster network - this decision was taken to access enhanced training and support for our younger staff/leadership team.
KEY PERSONNEL AND PAY POLICY
The Trustees consider the Board of Trustees to be the key management personnel of the charity in charge of directing and controlling the charity on a day to day basis. All Trustees give their time freely and no Trustees remuneration or expenses were paid in the year, except as disclosed in note 4 of the financial statements.
FINANCIAL REVIEW
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Expenditure exceeded income in the year by £30,168 (2024: surplus of £44,833), which the Trustees consider satisfactory.
The Trustees have begun to look ahead to longer term succession planning for the leadership of the church and ministry. The deficit for the current year was a result of the planned use of those reserves to allow a successor team to be developed.
RESERVES POLICY
RESERVES POLICY : The Trust holds no investments and its reserves consist solely of its current account and value of assets held, restricted funds and unrestricted funds the trustees are free to use in accordance with the charitable objects. At the year end the total level of the reserves were £254,785 (2024: £284,953).
POLICIES
The Trust's principal source of funds is in the form of tithes and offerings from the members and friends of Faith Life Church Cambridge.
The Trust makes donations and grants in line with Scriptural principles and consistent with its main objectives.
PLANS FOR FUTURE PERIODS
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The Trustees anticipate the continued fruitfulness of Faith Life Church in all its activities. The excellent working relationship with other congregations in the immediate geographical area continues to lead to participation in a number ofjoint activities and it is envisaged that further collaboration will take place for the benefit of those congregations and for the benefit of the wider communities that they serve.
The church sees many opportunities to help those in the Trumpington Community around the church; and is looking at ways to provide additional help and encouragement to those who live close to the church, This year we continued 'Get Messy’ craft and activities for kids in the local community centre and we were encouraged by 55 children and their parents attending the first morning. We plan to continue this activity in the coming year,
FAYTH LIFE CHURCH CAMBRIDGE
PAGE 3
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
TRUSTEES ANNUAL REPORT continued
TRUSTILES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity's 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 applivable to charities in England and Wales requires the charity's Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, of the charity for that period. [n 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 applicable Chariues SORP;
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' make judgements and estimates that are reasonable and pradent;
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' state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
‘ prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which 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 2911, 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,
APPROVAL,
This report was approved by the Board of Trustees and signed on its behalf.
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M Baines ~ Trastedand Chairman
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FAITH LIFE CHURCH CAMBRIDGE
PAGE 4
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE FAITH LIFE CHURCH CAMBRIDGE
I report to the trustees on my exainination of the accounts of Faith Life Church for the year ended 30th April 2025.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the Trust your are responsible for the preparation 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
:
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination,
Ihave no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
IAN W SHIPLEY FCCA FOR AND ON BEHALF OF; PRENTIS & CO LLP CHARTERED ACCOUNTANTS & INDEPENDENT EXAMINERS
115¢ Milton Road Cambridge CB4 1XE
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PAGE 5
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FAITH LIFE CHURCH CAMBRIDGE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
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INCOME AND EXPENDITURE ACCOUNT
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2025|2024|2024|
|Notes|Unrestricted|Restricted|2025|Unrestricted|Restricted|2024|
|Funds|Funds|Total|Funds|Funds|Total|
|£|£|£|£|£|£|
|INCOME|1|
|Income|from|generated|funds:|
|Voluntary|Income:|
|Donations|and|offerings|166,814|-|166,814|193,759|4,192|197,951|
|Total Income|166,814|-|166,814|193,759|4,192|197,953|
|EXPENDITURE|1|
|Costs|of raising|funds:|
|Conference|hosting|218|-|218|736|-|736|
|Charitable|activities:|
|Travel|and|motor|4,377|-|4,377|2,404,|-|2,404|
|Refreshments|and|food|3,057|-|3,057|4,103|-|4,103|
|Pastoral|and|Ministry|costs|115,927|-|115,927|86,404|-|86,404|
|Rent|23,042|-|23,042|15,693|-|15,693|
|Light|and|heat|2,315|-|~|2,315|3,469|-|3,469|
|Insurance|1,023|-|1,023|899|-|899|
|Network|cost|4,670|-|4,670|4,274|-|4,274|
|Web|design|and|hosting|4,871|-|4,871|3,370|-|3,370|
|Mission|costs|and|gifts|A405|2,004|2,409|630|4,192|4,822|
|Youth camp|497|-|497|98|-|-|98|
|Telephone|1,028|-|1,028|1,310|-|1,310|
|Printing,|stationery|and|advertising|3,110|-|.|3,110|459|-|459|
|Kids|Work|costs|293|-|293|970|-|970|
|Other|2,611|-|2,611|1,682|-|1,682|
|Legal|and|professional|1,699|-|1,699|1,541|-|1,541|
|Speakers|gifts|and|subsistence|686|-|686|1,618|-|1,618|
|Publicity,|flyers|and|outreach|5,987|-|5,987|1,981|-|1,981|
|Conferences/training|4,552|-|4,552|5,032|-|5,032|
|Resource/sundry expenses|859|-|859|1,012|-|1,012|
|Repairs|790|-|790|1,325|-|1,325|
|Poor|relief|500|-|500|20|-|20|
|Bank|charges|1,018|-|1,018|1,227|-|1,227|
|Depreciation|6,846|-|6,846|4,878|-|4,878|
|Independent|examiners|fees|959|-|959|968|-|968|
|Office|3,638|-|3,638|2,823|-|2,823|
|Total Expenditure|194,978|2,004|196,982|148,926|4,192|153,118|
|Net|movement|in|funds|for|the|year|(28,164)|(2,004)|(30,168)|44,833|-|44,833|
|Total|funds|brought forward|282,949|2,004|284,953|238,116|2,004|240,120|
|Total funds|carried|forward|254,785|-|254,785.|282,949|2,004|284,953|
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The notes on pages 8 to 11 form part of these financial statements.
FATUH LIFE CHURCH CAMBRIDGE
PAGE 6
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30910 APRIL, 2025
BALANCE SHEET
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|---|---|---|---|---|---|---|---|
|Notes|2025|2024|
|£|£|£|£|
|FIXED|ASSETS|
|‘Tangible|assets|3|12,762|O.B18|
|CURRENT ASSETS|
|Debtors|5|74,967|78,544|
|Cash|at bank|168,041|197,559|
|243,008|276,103|7|
|CREDITORS:|6|
|Amounts|failing|due|within|one|year|ORS|968|
|Net|Current|Assets|242,023|275,138|
|NET ASSETS:|254,785|284,953|
|RESERVES|
|Restricted|funds|7|“|2,004|
|Unrestricted|funds|8|254,785|282,949|
|TOTAL FUNDS|9|254,785|284,953|
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For and on behalf ofthe trustees. [Neo Bon M BAINES TRUSTEE AND CHAIRMAN
The notes an pages 8 to Li form part of these financial statements,
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FAITH LIFE CHURCH CAMBRIDGE
PAGE 7
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
STATEMENT OF CASH FLOWS
| 2025 | 2024 | ||
|---|---|---|---|
| Total | Total | ||
| Note | £ | £ | |
| Netcash provided by/(used in) operating activities | 10 | (19,728) | 47,167 |
| Cash flows from investing activities | |||
| Fixed assets additions | (9,790) | (5,894) | |
| Net cash provided by investing activities | (9,790) | (5,894) | |
| Change in cash and cash equivalent in the year | (29,518) | 41,273 | |
| Cash and cash equivalents at the beginning of | |||
| the reporting period | 197,559 | 156,286 | |
| Cash and cash equivalents at the end ofthe | 10 | ||
| reportingperiod | 168,041 | 197,559 |
‘ FAITH LIFE CHURCH CAMBRIDGE
PAGES
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
[TO][THE][FINANCIAL][STATEMENTS] _[NOTES]
1. ACCOUNTING POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective 1st January 2019) and the Charities Act 2011.
(b) INCOME RECOGNITION
All income and grants are now recognised in the statement of financial activities when the conditions for receipt have been met and there is reasonable assurance of receipt. Where a claim for repayment of income tax has or will be made, such income is grossed up for the tax recoverable. The following accounting policies are applied to income:
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_
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(c) DONATIONS
Donations and all other receipts from fundraising are reported gross.
(d) VALUE ADDED TAX
Value added tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.
(e) EXPENDITURE RECOGNITION
All expenditure is accounted for on an accruals basis.
Cost of raising finds are costs-associated with managing investments.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services to beneficiaries. Governance costs include costs associated with meeting the constitutional and statutory requirements of the Charity.
(f) TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are stated at cost less depreciation,
Depreciation is provided on all tangible fixed assets at rates calculated to write-off the costs less estimated residual value of each asset evenly over their expected useful lives as follows: : Equipment -~ 25% straight line basis Depreciation is not charged on freehold property as it is kept in good repair that prolongs its useful life.
(g) FUND ACCOUNTING Unrestricted funds are general funds that are available for use at the trustees! discretion in furtherance of the objectives of the Charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
The Church is a registered charity and accordingly is exempt from taxation on it's income and gains where they are applied for charitable purposes.
- TAXATION
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FAITH LIFE CHURCH CAMBRIDGE
PAGE9
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
NOTES TO THE FINANCIAL STATEMENTS
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|---|---|---|---|---|---|
|3.|TANGIBLE|FIXED|ASSETS|
|YEAR ENDED|30TH APRIL|2025|Equipment|
|COST|£|
|Balance|at|1st May 2024|63,186|
|Additions|9,790|
|Disposals|(1,414)|
|Balance|at|30th April 2025|71,562|
|DEPRECIATION|
|Balance|at|lst May 2024|53,368|
|Charge|for the year|6,846|_|
|Eliminated|on|disposal|(1,414)|
|Balance|at 30th April 2025|"$8,800|
|NET BOOK VALUE AT 30th April|2025|12,762|
|TANGIBLE FIXED|ASSETS|
|YEAR ENDED|30TH APRIL|2024|Equipment.|
|COST|£|
|Balance|at|Ist May 2023|57,292|
|Additions|5,894|
|Balance|at|30th|April|2024|63,186|
|DEPRECIATION|
|Balance|at|Ist May 2023.|48,490|
|Charge|for the|year|4,878|
|Balance|at 30th April|2024|53,368|
|NET BOOK VALUE AT 30th April 2024|9,818"|
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|4,|TRUSTEE REMUNERATION AND|EXPENSES|
|The|Trust|considers|its key personnel|to|be|the|Trustees. A|Trustee|received|remuneration|in|the|year|of|
|£49,584|(2024:|£45,840).|They were reimbursed|for expenses|totalling £271|(2024:|£470).|
|5,|DEBTORS|2025|2024|
|Due|within|Due|within|
|one|year|one|year|
|£|£|
|Prepayments|3,850|4,070|
|Accrued|income|TAI7|74,109|
|Other|debtors|-|365|
|74,967|78,544|
|6.|CREDITORS|2025|2024|
|Due|within|Due|within|
|one|year|—|one year|
|£|£|
|Accruals|985|968|
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FAITH LIFE CHURCH CAMBRIDGE
PAGE 10
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
NOTES TO THE FINANCIAL STATEMENTS
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|---|---|---|---|---|---|---|---|
|7,|RESTRICTED|FUNDS|Balance|at|Balance|at|
|YEAR ENDED|30TH APRIL|2025|1st May|Transfer|of|30th|April|
|2024|Income|Expenditure|Funds|2025|
|£|£|£|£|£|
|Building Fund|2,004|-|(2,004)|-|-|
|RESTRICTED FUNDS|Balance|at|Balance|at|
|YEAR ENDED|30TH APRIL 2024|lst May|Transfer|of|30th|April|
|2023|Income|Expenditure|Funds|2024|
|£|£|£|£|£|
|Building|Fund|2,004|-|-|-|2,004|~|
|Work|in Bulgaria|-|4,192|(4,192)|-|-|
|“2,004|4,192|(4192)|=|2,004|
|8.|UNRESTRICTED FUNDS|Balance|at|Balance|at|
|YEAR ENDED|30TH APRIL 2025|lst May|Transfer|of|30th|April|
|2024|Income|Expenditure|Funds|2025|
|£|£|£|£|£|
|General|Funds|282,949|166,814|(194,978)|-|254,785|
|UNRESTRICTED FUNDS|Balance|at|Balance|at|
|YEAR ENDED|30TH|APRIL 2024|[st May|Transfer|of|30th|April|
|2023|Income|Expenditure|Funds|2024|
|£|£|£|£|£|
|General|Funds|238,116|193,759|(148,926)|-|282,949|
|9.|ANALYSIS|OF FUNDS|Unrestricted|Restricted|Total|
|YEAR ENDED|30TH|APRIL|2025|£|£|£|
|Tangible|fixed|assets|12,762|-|12,762|
|Net|current|assets|242,023|-|242,023|
|254,785|-|254,785|
|ANALYSIS|OF|FUNDS|Unrestricted|Restricted|Total|
|YEAR ENDED|30TH|APRIL|2024|£|£|£|
|Tangible|fixed|assets|9,818|-|9,818|
|Net|current|assets|273,131|2,004|275,135|
|282,949|2,004|284,953|
|10.|RECONCILIATION|OF NET INCOME TO NET|CASH FLOW FROM OPERATING|
|ACTIVITIES|2025|2024|
|£|£|
|Net movements|in|fund|(30,168)|44,833|
|Adjustments|for:|
|Depreciation|6,846|4,878|
|(Increase)/decrease|in|debtors|3,577|(2,632)|
|(Decrease)/increase|in|creditors|17|88|
|Net cash provided|by/(used|in) operating|activities|(19,728)|47,167|
|ANALYIS|OF CASH AND|CASH EQUIVALENTS|2025|2024|
|£|£|
|Cash|at bank|168,041|197,559|
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FAITH LIFE CHURCH CAMBRIDGE
PAGE 11
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
NOTES TO THE FINANCIAL STATEMENTS
- RELATED PARTY TRANSACTIONS
A Trustee was reimbursed £13,230 (2024: £11,988) for rent. Rent was charged at below market rate.
The daughter of M Baines (Trustee) was paid £5,893 for consultancy work on website and branding design.