FAITH ALIVE CHURCH CHARITY NO: 1120795 TRUSTEES, REPORT AND ACCOUNTS &sat 31" DECEMBER 2024 WILKtNS & CO Ltd Accountants Bicester. Oxon.
FAITH ALIVE CHURCH INDEX Pages 1-3 Trustees Report. Page 4 Independent Examiner's Report to the Trustees. Page 5 Statement of Financial Activities. Pagye 6 Balance Sheet Pages 7- 10 Notes to the Financial Statements.
FAITH ALIVE CHURCH LEGAL AND ADMtNISTIL4TIVE INFORMATION Trustees: The Rev. Mrs. Wendy Preston (Pastor & Chairn]an) Mr. Philip Ridgeway Mrs. Sarah Etches Mrs. Joanne Martin Mr George Abraham th Mr Michael Potter (from I l October 2024 onwards) Treasurer: Mr. George Abraham Chari Number: 1120795 Princi al Office: 4 Smith Barry Road. Upper Rissington, Cheltenham, Gloucestershire. GL54 2QT Bankers: Metro Bank Plc., One Southampton Row, London. WCIB SHA Inde endent Examiners: Wilkins & Co Ltd 25a Market Square, Bicester, Oxon. OX26 6AD
The Trustees present their annual report together with the charity's financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed. applicable law and the requirements of the Statement of Recommended Practice. "Accounting and Reporting by Charities issued in March 2019. Reference and administration inforniation The charity was established by a trust deed on 6 September 2007 and is registered with the Charities Commission (No. 1120795). The charity's Registered Office is: 4 Smith Barry Road, Upper Rissington Cheltenham, GL54 2QT The trustees during the year were as follows: Rev Wendy Preston (Chainnan) Joanne Martin Sarah Etches Philip Ridgway George Abraham (TasUrer) th Michael Potter (from I l October 2024 onwards) The charity's professional advisers during 2024 were as follows: Accountants: Wilkins & Co Ltd, ?5A Market Squarc: Bicester OX?6 6AD Bankers: Metro Bank plc, Unit l. Shopping Centre, 2 St. Anns Rd, Harrow HAI IAS Structure and management The trustees meet, usually by Zoom Meetings. throughout the year to oversee and administer the running and direction of the Trust in accordance with its objects and the benefit and public requirements of the Charities Act 2011. All of the trustees give their time freely and none of them receive any remuneration in their role as Trustees. Rev Wendy Preston, Andrew Reynolds and George Abraham were employed by the Church in their capacities as Pastor, Assistant Pastor and Treasurer/Admin
during 2024. In the event that any decision could involve a conflict of interest, it is the policy of the Trust to require the affected trustee to withdraw from any part of such discussion. 3. Objectives and activities The objects of the Trust are to a) The advancement of the Christian Faith. b) The relief of sickness and the preservation and protection of physical and mental health. The main activities in relation to the above objects are: i) Holding regular weekly Sunday services. ii) Holding weekly bible study meetings via Zoom and in person. iii) Holding periodical healing seriCe5. iv) Promoting a weekly children s church meeting. v) Providing pastoral care where necessary. vi) Seeking to increase excellence Én every area of church life. AchievemeDts and perforn]ance The Trust continued to support Faith Alive Church with both its running and outreach costs, via the Faith Alive Church Ltd Metro Bank Acct. During 2024 Faith Alive Church carried out the following key activities: _ (a) During the year Sunday meetings were held at The Anthony Hall, Aston Clinton, Bucks (loam till approx. 12:45pm). These meeting have a varied attendance of between 22 to 30 adults and a few young children. After the meetings there is time for attendees to have some refreshments and have fellowship for around I hr. In 2024 Faith Alive Church gave some financial help, as a gift, to members who needed this assistance. (b) On most Thursday evenings there have been a smaller group meeting (7 to l O adults) held at Moreton-on-the Marsh (the Swan Inn). These meetings eventually changed location to a meeting room in Upper Rissington. (c) January 2024 - Baptism service held at Aston Clinton Baptist Church at which a few adults and a teenager were Baptised. (d) March 2024 - A visit from Paul & Karen Brady at the Faith Alive Church meeting hcld on a Thursday in Moreton-on-the Marsh (Glos). (e) June 2024 - Michael Potter visited the church to minister on 'The Last Days,. There were two meetings held with supporting notes handed out for those interested in looking into this area further. (fj Ad-hoc Zoom Praycr Calls on Sunday evenings - Both Rejeanna Jolliff and Cathy Creek each ministered for one evening. (g) November 2024 - Paul & Karen Brady were the main speakers at a Sat Conference (Pendley Manor) and then at the Sun Faith Alive Church meeting. About 50 adults attended the Saturday Conference event.
b. An offering was taken for the Brddy's and the amount together with a smaller donation from Faith Alive Church Trust came to £ 1000 which was then sent to the P & K Brady s UK bank account. The Trustees are satisfied that any gifts given towards or in support of the above activitieslmeetings satisfy the applicable requirements of the Charities Act 201 I regarding benefit and public benefit. Plans for future periods Some objectives for 2025 are as follows: Plans are in development for Rev Wendy Preston to step down as the Lead Pastor of Faith Alive Church with Andrew Reynolds taking her place as Pastor of the Church. There are necessary adjustments that will be taking place during the year as roles change, and resultant re-structuring takes place. These decisions are requiring careful thought, with appropriate consultation, to ensure that the structure and governance going forw'ard is both robust: compliant and is a best fit for Faith Alive Church and the ministries that may operate as part of it or alongside. The services of Stewardship will be engaged, and these will initially involve Consulting them about various organisational changes and how these are best managed going fon¥ard, documenting basic governance etc... During 2025 further Stewardship's services may be taken up by Faith Alive Church to better position us for the future. At this time there are no definite plans to change meeting location for Sunday meetings, but this will be reviewed during 2025 to ensure that we have the best solutions for future growth of both the Church and wider ministries. Financial review The trustees consider the result for 2024 to be good in light of our size and the expenses we had during the year. On behalf of the board of trustees Rev Wendy Preston Chainnan/Trustee Date: 1311012025
FAITH ALIVE CHURCH DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAITH ALIVE CHURCH Charit No 1120795 We report to the trustees on our examination of the accounts of Faith Alive Church (the si Church) for the year ended 31 December 2024, which are set out on pages 5 to l O. Res onsibilities and basis of re ort As the charity trustees, of ihe Church, you are responsible for the preparation of the accounts in accordance with the requirements to the Charities Act 2011 ('the Act,). We report in respect of our examination of the Church's accounts carried out under section 145 of the 201 l Act and in canying out our examination we have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Inde endent examiner's statement We have completed our examination. We confirni that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: l ) Accounting records were not kept in respect of the Church as required by section 130 of the Act" or 2) The accounts do not accord with those records" or 3) The accounts do not comply with the applicable requirements concerning the fom 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. We have 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. Wilkins & Co Ltd Accountants 25A Market Square, Bicester, Oxon. OX26 6AD - 2025.
FAITH ALIVE CHURCH STATEMENT OF FtNANCIAL ACTIVITIES for ihe ear ended 31" DECEMBER 2024 2024 Unrestricied Funds 2023 Unr¢siricted Funds Notes Income Charitable Activities Investment Income 2{a) 2{b) 89.658 16.723 156.020 106.381 156,020 endilure Charitable Activities Other- Governance Costs 3(a) 3(b) 87,245 2,069 84,014 4,714 Total Expenditure 89,314 88,732 Net Su lus for the ear 17,067 67,287 Other Reco nised Gainsl Losses Net Movement of Funds 17,067 67.287 Total Funds brou ht forward I" Janu 2024 82,668 15.381 Total Funds Caled forward 3151 December 2024 £ 99,735 82,668
FAITH ALIVE CHURCH LANCE HEET &8 at 31st DECEMBER 2024. 2024 Unrestricted Fund5 2023 Unrestricted Funds Fixed A&8¢ts Tangible Assets Notes 892 1.342 Current Assets Debtor5 Cash at Bartk 101,651 85.197 Liabilities Credttors: amounts falllng due Within one year. 101,651 85.197 3267 3.871 Net Cuttent Assets 98.384 81,326 Total Net A sets 99,276 82.668 The F nds f the Chari Unrestricted Funds 99276 82,668 Total Cbari Funds 99276 82,668 Approved on behalf of the Board of Trnstees . F.klTh.hUIE...Cftufllt........ and Sign OD its behalf by: %th OLIOBF K 2125 ABRAHAM . TRUSTEE
FAITH ALIVE CHURCH NOTES TO THE FINANCIAL STATEMENTS for the ear ended 3151 DECEMBER 2024. ACCOUNTING POLICIES The Faith Alive Church is a registered Charity, incorporaied in England and Wales and governed by Trust Deed. The principal otTi¢e address is Cotswold Business Centre, 2 A. P. Ellis Road, Upper Rissingion, Cheltenham. Gloucestershire. GL54 2QB. The Financial Statements have been prepared in accordance with Accounting and Reporting by Chariiies: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in ihe UK and Republic of Ireland (FRS102) (effective IY January 2015)- (Charities SORPFRS102) and the Charities Act 2011 and applicable regulations. The accoun15 have been prepared under the historical cost convention with items recognised at cost or transaction value unless Otherwi stated in the relevant notes to these accounts. The accounts are prepared in sterling. which is the nctIOn cUencY of the charity. Monetary amounts in these accounts are rounded to the nearest £. The Charity constitutes a public entity as defin¢d by FRS102. The Charity has a reasonable expectaiion that there are adequate resources to continue in operdtional existence for the foreseeable future. It ha5 therefore continued to adopt the going concern basis in preparing its financial statements. The principal accounting FK)licies adopied in the prepardtion of the fmancial statement5 are as follows: a) Fund Accountin The Charity's general fund consisls of funds, which the Charity may use for its purpose, at its discretion, under the terms of the objects clause of the Trust Deed. There are no restricted funds. b) Income Reco ition All income is recoanised when there is entitlement, sufficient certainty that receipt of income is probable and the amount of income re1Vable can be measured reliably. Investment income is recorded upon notification by th¢ Charity's Bankers. nditure Reco nition Liabilities are recotsnised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. it is probable that settlement will be required and the amount of the obligation can be Tneasured reliably. All expenditure is accounled for on an accruals b&sis. d) Governance Costs This comprises all costs incurred in the management and administrdtion of the Charity during the year under review. e) Charitable Activities Gifts, tithes and donations payable are accounted for when the Charity is committed to paying them, with further deiails given in Notes 3(a) and 6 to Financial Statements. Tan ible Assets Tangible Asset5 for charity use are capitalised at cosi. where acquired, or at market value as deternined by the Board of Trnstees. where donated. Depreciation is calculated on the reducing balance basis to write off the Cost or valuation of Tangible Fixed Assets over their expected use] lives. The following rates are used= Office Equipment 25 %
FAITH ALIVE CHURCH NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31. DECEMBER 2024 g) Other Reco nised Gains and L055es Any gains or losses that might arise are taken to the Statement of Financial Activities if. and as they arise. h) Debtors Debtors are recognised at iheir settlement amount. i) Cash at bank Cash at bank includes cash held at bank current and deposit account. j) Creditors and rovisions Creditors and provisions are recognised wher¢ the charity has a present obligalion resulting from a past event thal will probably result in the transfer of funds to a third party and the amount due to settle the obligaiion can be measured or estimated reliably. Creditors and provisions are stated at their settlement amount. k) Commitments Legally binding and non-legally binding commitments are shown in the Notes to the Financial Siatements. Where financial support is promised. but not contracted. th¢ amount is shown in the Financial Statemenis when paid. l) Reserves The Trustee will not commit funds for any donations. unless monies are in place or the receipt of same is definite. INCOME a) Charitable Activities 2024 2023 Offerings Gift Aid Refund 89,658 16,723 126.240 29,780 106.381 £ 156,020 b) Investment Income Interest 3. EXPENDITIURE a) Charitable Athivities Rent Pastor & Ministerial Salaries Ministerial Pension Contributions Guest Speakers & Visiting Ministers Travelling & Accommcdation Gifts & Tithes - General Wendy J. Preston Ministries Ltd Faith Alive Church Ltd Church Mernbers. Refreshments Church FaTnily Social Activities Music, Books etc Training, Courses & Conferences Church Decoration & Flowers Pastoral Expenses 2024 2023 42,199 394 39,479 389 600 2,400 352 38.900 38,750 i,400 2,400 87,245 84,018
FAITH ALIVE CHURCH Pa NOTES TO THE FtNANCIAL STATEMENTS for the ear ended 31" DECEMBER 2024. b) Other- Govemance Costs 2024 2023 Repairs Insurance & Licences Office and IT Expenses Independent Examiner's Fee Depreciation Manse Cosis Subscriptions 201 .383 335 1,958 2,140 447 150 169 2,069 £ 4,714 Pastor and Ministerial salaTie5 include a salary paid to Rev. W. J. Preston of £23,322 (2022 £22,102). Rev. W. J. Preston is also a Trustee of the Charity. In addition, a minisierial salary was paid to a non- Trustee of £12,957 (2022 £12,280) and to G. Abrahm, a Trustee. of £3,200. 5. DEBTORS 2024 2023 Other- prepayments 6. LIABILITIES 2024 2023 Amounts fallin due within one ear Trade creditors Oiher tax & Social Security Accruals 767 2,5(K) 455 3,416 3.267 3,871 7. ACCRUED COMMITMENTS- GIFTS TITHES & DONATIONS In accordance with policy Note l (e) contracted gifts, tithes & donations are acknowledged for at their inception. If there are any known gifts, tithes & donation5 not committed to be paid in ihe future, they are shown in the Accounts as and when paid. 8. RELATED PARTIES The Rev. Mrs. W. J. Preston is a Tnjstees of Faiih Alive Church and a Director of Limited Companies known as Wendy J. Preston Ministries Ltd and Faith Alive Church Ltd. By virtue of this the parties are related. The Charity provides working capital to the Companie5 by way of tithes to enabl¢ ihem to carry out iheir objectives.
FAITH ALIVE CHURCH e 10 NOTES TO THE FINANCIAL STATEMENT for the ear end¢d 31" DECEMBER 2024. TANGIBLE ASSETS Office Cost At I" January 2023 Additions 15.695 15,695 reciation At I. January 2024 Provided in the year 14.353 450 £ 14,803 Net Book Value At 31, December 2024 At 31, December 2023 892 1,342