FAITH ALIVE CHURCH CHA ITYN 1120795 USTEES, REPORT AND ACC UNTS &881 31H DECEMBER 2 23 WILKINS & CO Accountants Bieesier Oxon.
FAITH ALIVE CHURCH tNDEX Pages 1-3 Trustees, Repon. Page 4 Independent Examiner's Report to the Tjusiees. Page 5 Statement of Financial Activities. Page 6 Balance Sheet Pages7- 10 Notes to the Financial Statements.
FAITH A IVE CHURCH LEGAL AND ADMtNISTRATIVE INFORMATI Trnstees: The Rev. Mrs. Wendy Preston (Pastor & Chairnian) Mr. Philip Ridgeway Mrs. Sarah Etches Mrs. Joanne Martin Mr George Abraham Treasurer: Mr. George Abraham Chari Number. 1120795 Prin¢i l Office.. 4 Smiih Barry Road. Upper Rissington. Cheltenham, Gloucesiershire. GL54 2QT Bankers.. M¢iro Bank Plc., One Southampton Row, London. WCIB SHA Inde ndent Examiners.. Wilkins & Co., 25a Market Square, Bicester, Oxon. OX26 6AD
FAITH ALIVE CHURCH TRUSTEES. REPORT Statement of Trustees, Res onsibilities. Chariry Law requires the TSteeS to prepare financial statements for each financial year. in aoeordance with Unit¢d Kingdom Generally Accepted Practice (United Kingdom Accounting Standards and applicable law). The financial staiements are required by law to give a true and fair view of the stale of affairs of the Charity and of its incoming resour¢¢s and applications of resources of th¢ Charity for that period. In preparing these financial statements, the TNstees should follow best practice and: Sele¢t suithble aecountin8 policies and then apply them consistenily. Make judgemenis and estimates that are reasonable and prudent. State whether applicable UK Accounting Stsindards have been followed, 5ubjeci to any material depanures disclosed and explained in the financial statements. Prepare the financial statement on the going con¢em basis, unless it i% inappropriate tts assume that the Charity will continue to funciion. The Trustees are responsible for keeping proper accounting records. which dis¢lose. with reasonable accuracy at any tiTne. the financial positiOD of the Charity, and to enable them to ensure that where applicable. the financial siatemenis comply with the applieable law. regulations and trust deed. They are also respongible for safcguarding the assets of ihe Charity, and hence for taking reasonable steps for the preveniion and dete¢tion of fraud or other itT¢gularities. Govemance & Man ement The Charity's trust deed was adopted on the l# February 2007 and the Church registered &8 a charity as from 6, Sepiember 2007. The appointment of new Trustees is subject to the approval of the Board of TTUStees at an appropriate Meetin¥. New Trustees arc given an appropriate induction programme to the workings of the Charity, and receiv¢ training as n¢¢e%sary. The Board of Trustee5 meet at various inietvals to administer the Chariry. Cenain aspects of the day to day running of the Charity are delegated to specific Trustees as detailed in the Minutes of the rneetings Of the Board of Trusi¢¢s. The Board of Trustees have overall responsibility for ensuring the Charity h85 appropriate systems of control, financial and otherwise. These systems should provide reasonable assurdnc¢ that: The charity ig operating etTJcienrly and effectively., Its a5SCts are safeguarded against unauthorised use of disposithon. Proper record5 are maintained and financial infomiation used within the charity. or for publication. 15 reliable. and Th¢ charity complies with relevant laws and regulations. The systems of intemal ¢ontrol are desigD¢d to provide reasonable, but not absolut¢. assurance against material misstatement or loss, they include. Regular consideration by Trustees of financial results, and Delegaiion of authority and sebTregation of duties as d¢f)ned above. Risk Review The Board of Trustees have assessed the major risks to which the Charity may be exposed. in particular those relaied to the operation and finances of th¢ Trusi, and are satisfied that sysiems are in place io mitigate their exposure to the major risks.
FAITH A IVE CHURCH Pa TRUSTEES, REPORT Continued The Board of TrnSte¢ take legal and other professional advice wher¢ver n¢¢essary and will always continue to do so. Ob'eciives and Activities The Objectives of the Charity are as follows: a) The advancement of the Christhan Faith. bl The relicf of sickness and the preservation and protection of physical and mental health. ¢) The relief of poverty. The main activities in relation to the above objects are-. a) Holding regular weekly Sunday services. b) Holdin¥7 weekly bible SdY meetings via Zoom and in person. c) Holdin¥ periodical healing services. d) Promoting) a w¢ekly children's church. e) Providing pastoral care where necessary. D Seeking to increase excellence in every area of ¢hurch life. Achi vement and Performan¢¢. Overall, in¢ome increased this year by £68.803 with offerin¥s increasing by £39,023 and gift aid recovery increasing by £29,780. Ther¢ was no investment income (2022- None). The Church has continued with its Service5. Weekly Bible Studies and Sunday Children's activities wilh attendan¢¢5 continuing lo improve. These services and activities have been Caled out from varigus locaiion5 including Aston Clinton, the Cotswolds and Zoom. The increase in ofyerings from £87,217 to £116.240 is mainly due to one significant donation of £32.500 coupled with a continued increase in weekly offerings from Church members. Overheads have increased by £11,559 to £88,732. Overall. the Church has net surplus for the year of £62,287. compared with a n¢t surplus in 2022 of £15,381 Membership has remained consistent in 2024. Financial review Reserves Poli Thc Chariry'5 financial position has ¢ontinued to be totally s¢cure, in that at no time have commitments been made before funding is in place and the Board of Trustees intend that this policy will ¢ontinue for the protection of Trustees. Invesiment Polic The monies and property of the Charity not immediately required for the purpose of the Charity may be held or ve5d in such persons, whether Members of the Charity or Dot. as ihe Comrnitt¢¢ may from time to time determine as Holding frustees.
FAITH ALIVE CHURCH TRUSTEES, REPORT Continu¢d Plans for the Fuiure It is the intention of the Charity to continue to rnise funds via its various services and meetings to funher enhance the objects and actlVi11¢5 detailed above. REV. MRS. W. PRESTON - PASTORICHAIRMAN -2024 On behalf of the Board of Trust es
FAITH ALIVE CHURCH Pa INDEPENDENT EXAMINER'S REPORT TO THE TRUST Chari Nol 20795 ES OF FAITH ALIVE CHURCH We report to ihe trustees on our examination of the a¢counts of Faith Alive Church (the Church) for the year ¢nded 31, Decetnber 2023, which are set out on pages 5 10 10. Res nsibilities and basis of re ort As the charity trustees of the Church you are responsible for the preparaiion of the accounts ID accordanee with the requirements to the Charities Act 2011 ('the Act,). We report in respect of our examination of ihe Church's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed all the applicable diieciion5 given by the Charity Commission under section 145(5)(bl of the 2011 Act. Inde endent exatniner's statement We have completed our examination. We ¢onfimi that no material matters have come io our attention in connection with the examination giving us cause (o lIeve that in any material respect: l) Accounting records were not kept in respect of the Church a5 required by section 130 of the Act; or 2} The accounts do noi aord wilh those records: or 3) The accounts do not comply with ihe applicable requirements conceming the fomi and conient of actounts Set out in the Charities (Accounts and Reports) Regulations 2(H)8 other than any requirement that the account5 give a 'true and fair view, which is not a matter considered as part of an independent examination. We have no concerns and have Come across no other mailers in connection with the examination tg which attention should be drawn in this report in order to enable a proper undersianding of the accounts to be reached. Wilkips & Co Accountants 25A Market Square, Bicester, Oxon. OX26 6AD - 2024.
FAITH ALIVE C RCH Pa STA TEMENT OF FINANCIAL ACTIVITIES for the earended 31" DECEMBER 2023 023 Unrestrided Funds 2022 Unrestricted Fund5 Notes Income Charitable Activslies Investment Income 21a) 2(b) 156,020 87,217 156.020 87,217 Ex nditure Charitable Activities Other- Govemance Costs 3(a) 3(b) 84,014 4,714 73,693 3,481 Total Expenditur¢ 88,732 77,173 Net lus for the ear 67.287 10,(144 her Reco nised Gainsl Losses Net Movement of Funds 67,287 10,044 Total Funds brou ht forward l Janua 2023 15,381 5.337 Total Funds carri¢d fonvard 31. December 2023 £ 82,668 15,381
FAITH ALIVE CHURCH BALANCE SHEET as at 31" DECEMBER 2023. 2023 Unrestricted Funds 2022 Unresiriced Funds Note Fixed Assets Tangible Asset5 1,342 1,789 urrent A5se(s Debtors Cash at Bank 85.197 15,379 85.197 15,379 Liabilities Creditors.. amounts falling due Within one year. 3.871 1,787 Net Current Asseis 81.326 13,592 Total Net Asset5 82.668 15.381 The Funds of the Charil Unr¢5tricted Funds 82.668 15,381 Total Chari Fund 82.668 15.381 Approved on behalf of the Board of Trust¢es ... -and signed on its behalf by: RAHAM - TRUSTEE
FAITH ALIVE CHURCH Pa NOTES TO THE FINANCIAL STATEMENTS for the ear ended I" DECEMBER 2023. ACCOUNTING POLICIE The Faith Alive Church is a regisiered Charity. incorporated in England and Wale5 and govem¢d by Trust Deed. The principal olC¢ address is Cotswold Business Centre, 2 A. P. Ellis Road, Upper Ri5singion. Cheltenham, Gloucest¢rshire, GL54 2QB. The FinclaI Statements have been prepared in accordance with Accounting and Reporting by Charities.. Stat¢meni of Recommended Practice applicable to ¢harities preparing their aOUnts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofireland (FRS102) (effective I" January 2015)- (Charities SORPFRS102) and the Charities Act 2011 ond applicable regulations. The accounts have been prepared under the historical Cost convention with items recognised at cost or transaction value unless otherwise staled in (he relevant note5 to these accounts. The accounts are prepared in sterling, which 15 the function currency of the charity. Monetary arnoupts in these accounts are rounded to the nearest £. The Charity constitutes a public entity as defined by FRSIO2. The Charity has a reasonable expTatiOn that there are adequa1¢ resources to coniinue in operational existence for the foreseeable future. It ha5 therefore continlled to adopt the going concern basis in preparing its financial statements. Th¢ principal accounting policies adopted in the prepardiion of the financial statements ar¢ as follows.. a} Fund Accountin The Charity's general fund consigis of funds, which the Charity may use foT Its purpose, at its discretion. under the ternis of the objects clause of the Trust Deed. There are no restricted funds. bl Income Reco ition All in¢ome is recognised when there 15 eniitlement, suffitieni certainry that receipt of incom¢ is probable and the amount of incotne receivable can be measured reliably. Investmeni income is recgrded upon notifi¢ation by the Charity's Bankers. nditure Re o nition Liabilities recognised as expenditur¢ as soon as there is a legal or constructive obligation committin¥ the charity 10 the expenditure. it is probablc that settlement will be required and the amount of the obligation can be mea5ur¢d reliably. All expenditure is accounted for on an accruals basis. d) G vemanc Costs This comprises all ¢05ts incurred in the Tnanagemeni and administrJtion of the Charity during the year under review. el Charitable Aetiwities Gifts, tithes and donations payable are accounted for when the Charity is committed to paying them, wilh further deiails given in Notes 3(a} and 6 to Financial Statem¢nts. ible Assets Tangible Assets for charity use are ¢apitalised at cosi, where acquired. or at market Yalue &% deteTmined by the Board of Trustee5. where donated. Depreciation is calculated on the reducing balance basis io write ihe cost or valuation of Tangible Fixed Assets over their expected useful lives. The following rates or¢ used.. Office Equipment 250/fy
FAITH ALIVE CHURCH NOTES TO THE FINANCIAL STATEMENTS forthe ear en ed31sIDE EMBER 2023 g) Oth¢r Reco nised Gains and Losses Any gains or los%s that might arise are taken to the Statement of Financial Aetivities if. and as they arise. h) Debtors Debiors are recognised at their settlement amount. i) Cash ai bank Cash al bank includes cash held ai bank ¢urrent and deposir account. j) Creditor5 and rovisions Crediiors and provisions are recognised where the charity has a present obligaiion resulting from a past event that will probably result in the transfer of funds to a third paty and ihe amollnt due to settle the obligation can be measured or estimated reliably. Creditors and provisions are stated ai iheir settlement amount. k) Commitments Lesally bindin¥ and non-legally binding commitments are shown in the Notes to the Financial StateTnents. Where financial support is promised, but not contracted. the amount is shown in the Financial Statements when paid. l) Reserves The Trustee will nor commit funds for any donations. unl¢ss monies are in place or the receipt of same is definite. INCOME hariiable Activities 20 2022 Offerings Gift Aid Refund 126,240 29,780 87.217 156,020 87,217 b) Investment Income Interest EXPENDITIURE a) Charitable Activities Rent Pastor & Ministerial Salaries Ministerial Pension Contributions Guest Speakers & Vi51ting Ministers Travelling & Accommodation Gifts & Tithe5 General Wendy J. Preston Ministries Ltd Faiih Alive Church Ltd Church Members. Refreshments Church Family Social Activiiies Music. Books etc Trainin&. Courses & Conferen¢¢s Church Decoration & Flowers Pas¢oral Expenses 2023 2022 1,200 34,382 228 2,479 3.200 2.329 39.479 389 600 2,400 38.750 28.800 368 496 127 183 2,400 84,018 73,692
FAITH ALIVE CHURCH NOTES TO THE FINANCIAL STATEMENTS for the eended3]s1 DECEMBER 2023. b) Other- Governance Cosis 2023 2022 Repairs Insuranee & Lieences Office and IT Expenses Independent Examiner's Fee Depreciation Manse Cosis Consultancy Fees 678 1,958 2,140 447 809 1,397 597 169 4,714 3.481 Pastor and Ministerial salaries include a salary paid io Rev. W. J. Preston of £23,32212022 £22.102). R¢v. W. J. Preston is also a Trustee of ihe Charity. In addition. a ministerial salary was paid to a non- Trnstee of £12,957 (2022 £12280) and to G. Abrahm. a Trustee, of £3,200. DEBTORS 2023 22 (hher- prepayments LIABILITIES 2023 2022 Amounts fallin due wiihin one ear Trade creditors Other tax & Social Security Accruals 455 3,416 1.787 3,871 1.787 7. AC UED COMMITMENT IFTS TITHES & DONATIONS In accoTdan¢e with policy Noie Ile) contracted gifts. tithes & donations are acknowledged for at their incepiion. If there are any known gifts, tithe5 & donations not committed to be paid in the future, they are shown in the Accounts as and when paid. 8. RELATED PARTIES The Rev. Mrs. W. J. Preston is a Trustees of Faith Alive Church and a Dire¢ior of Limited Companies known as Wendy J. Preston Ministries Ltd and Faith Alive Church Ltd. By virtue of this ihe parties ar¢ related. The Chariiy provides working capital to the Companies by way of tithes to enable them to carry out their (Trbjectives.
FAITH ALIVE CHURCH elo NOTES TO THE FINANCIAL STATEMENT for the ear ended 31" DECEMBER 2023. TANGIBLE ASSETS Office ui C05t At I" January 2023 Additions 15,695 15.695 De reciation At I" January 2023 Pn)vided in the year 13,906 447 £ 14,353 Net Book Val At 31, December 2023 At 31* December 2022 1,342 1,789