ANNUAL REPORT and ACCOUNTS
2024-25
Network Members include
AIMS Sri Lanka, Antioch Mission, AsiaCMS, BORN, Church Army Africa, Church Mission Society, Church of Nigeria Missionary Society, CMS Africa, CMS Australia, CMS Ireland, Friends Missionary Prayer Band, Global Teams, Indian Evangelical Mission, Interserve India, Isa-e Church, iServe Africa, JCWA, Lifeway Mission International, Mahabba Network International, Mahanaim Ministries, Manna Mission, Mar Thoma Evangelistic Association, Mekane Yesus IMS, Mission Together Inc. (Canada), MSF International, NAMS Network, National Mission Commission of Nepal, New Life for India, New Zealand CMS, PMI, SAMS Ireland, SAMS USA, SOMA UK, TEAM, The Sheepfold ~~a~~ Ministries, Torchbearers Mission ~~eeG—~~ International Director Registered Charity Number 1132707 Rev. Jan Wessels
Faith2Share, Watlington Rd. Oxford OX4 6BZ UK T: +44 (0)1865 787440 F: +44 (0)1865 776375 E: f2s@faith2share.net W: www.faith2share.net
Faith2Share
Watlington Rd. Oxford OX4 6BZ UK
UK Charity Registration No. 1132707
Bankers
Co-operative Bank Ltd. Business Direct PO Box 250 Skelmersdale WN8 6WT UK
Independent Examiner
Mr. John Price
Trustees
Mr. Robert Wilkes (chair) Mr. P. John Wesley Ms. Jocelyn Wong Mrs. Lucy Ochieng Mr. Ram Prasad Shrestha Mrs. C. Rosalee Velloso-Ewell Mr. Geoff Hahn Mr. Manik Corea Mr Gibert Obimpeh
International Director
Mr. Jan Wessels
Staff
Mr. Anton Ponomarev (Associate International Director) Mr. Vijay Isaac (Asia Regional Coordinator) Mrs. Nicki Stevens (Volunteer Administrator) Mrs. Sonja Woodman (Communications Volunteer)
Telephone : +44 (0)1865 787440 Email : F2S@faith2share.net
Website : www.faith2share.net
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| CONTENTS | |
|---|---|
| Legal Status | 4 |
| Vision | 4 |
| Mission | 4 |
| Priorities | 4 |
| Values | 4 |
| Public Benefit Statement | 4 |
| Governance | 5 |
| Management | 6 |
| Activities Report 2024-25 | 7 |
| Impact Statement | 7 |
| Leadership | 7 |
| Discipleship | 8 |
| Collaboration | 9 |
| Emerging Mission Movements | 10 |
| Financial Review Plans for Future Period |
11 12 |
| Income and Expenditure Statement | 13 |
| Balance Sheet | 15 |
| Report of Independent Examiner | 18 |
| Faith2Share Network CEOs | 19 |
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LEGAL STATUS
The Faith to Share Trust (also known as Faith2Share) is registered under English law as an unincorporated trust governed by a ‘Declaration of Trust’ dated 1 October 2009. The Trust was registered as a UK Charity on 13 November 2009 with Registration No. 1132707
The Objectives of the Trust are
(a) to advance the Christian faith, in the United Kingdom and elsewhere, for the public good, primarily but not exclusively, by means of the facilitation of collaborative work between existing mission agencies and movements.
(b) to advance the Christian faith, in any country, for the public good, primarily but not exclusively, by means of supporting and resourcing new charitable movements and agencies of Christian mission.
The Faith to Share Trust has been established for the primary purpose of supporting and facilitating the work of the international Faith2Share Network of mission agencies.
The Faith2Share Network traces its origin to a meeting of six mission agencies in London in May 2000. The network was more formally constituted in 2004 when it gained the name Faith2Share and adopted a draft statement of Purpose, Ethos, Principles and Values.
VISION
Our vision is to see faith changing lives all over the world.
MISSION
Our mission is to enable effective collaborations between mission movements and leaders – working together globally to share faith and change lives.
PRIORITIES
We prioritise working together with mission movements from the global north and south who particularly demonstrate an intention of working together.
We focus our support to mission leaders , creating new opportunities for them to connect, learn and grow in leadership.
We enable effective collaborations between organisations, focusing on key mission issues and opportunities, and demonstrating what working together can achieve.
We impact the lives of people across many different cultures, developing global Christian discipleship , leadership and faith for a changing world.
VALUES
Our core values are relational and based on sharing faith together .
PUBLIC BENEFIT STATEMENT
Faith2Share member agencies, and the network itself, seek to bring benefit to the public in all the regions and countries in which we work by equipping individuals and whole communities to live in a way that reflects the Christian faith and its focus on generous love. We seek to work in a positive way alongside and with communities of different faiths and philosophies whilst sharing openly the faith in God which guides our work. We believe our work transforms communities in ways that enhance human life (through education, medical care, development, etc.), protect the natural environment and build societies of respect, tolerance, peace and spiritual health.
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GOVERNANCE
The governance of Faith2Share is provided by the Faith2Share trustees appointed in accordance with the Declaration of Trust. During 2024-25 the following persons served as trustees of Faith2Share.
Mr. Robert Wilkes (British) retired
Mr. P. John Wesley (Indian) retired, former General Secretary of Indian Evangelical Mission Mrs. Jocelyn Wong (Filipino) Missions Mobilizer for OMF
Mrs. Lucy Ochieng (Kenyan) Head of Operations for Mission Support Services at CMS-Africa Mr. Ram Prasad Shrestha (Nepalese) Director of the National Mission Commission of Nepal Mrs. C. Rosalee Velloso-Ewell (Brazilian/USA) Director of Church Relations, United Bible Societies Mr. Geoff Hahn (American) CEO of Restoration Era
Mr. Manik Corea (Singaporean) National Director with SCGM
Mr. Gibert Obimpeh (Ghanaian) accountant
Faith2Share was registered as a charity within the UK on 13 November 2009 and functions under the rules of the Charity Commission, England and Wales.
Trustees met on four occasions during 2024-2025 by Zoom.
Statement of trustees' responsibilities
The trustees are responsible for ensuring the trustees’ report and the financial statements are prepared for each financial year, in accordance with English law and regulations, and UK accounting standards. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies, as described in the Statement of Accounts and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume 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 to enable them to ensure that the financial statements comply with relevant law and regulations. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. During the year trustees have reviewed all Faith2Share policies including Safeguarding, Risk Management, all Financial Management policies and employment policies.
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MANAGEMENT
The corporate activities of Faith2Share are managed by a small staff team based in Oxford, UK, Bangalore, India and led by the International Director based in The Netherlands. The current staff are :
International Director (p/t) Associate International Director Asia Regional Coordinator (p/t) Administrator (Volunteer) Communications (Volunteer)
Mr. Jan Wessels Mr. Anton Ponomarev Mr. Vijay Isaac Mrs. Nicki Stevens Mrs. Sonja Woodman
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REPORT ON ACTIVITIES 2024-25
IMPACT STATEMENT
In 2024-2025 Faith2Share worked with over 220 church and mission leaders and organised prayer meetings, consultations and training events held online, but also in person. The highlight of the year was holding a Whole-Life Discipleship consultation in Rawalpindi, Pakistan for over 60 people (and another meeting in Lahore for over 30 people). Faith2Share was also as represented (both staff and Trustees) at the Lausanne IV Congress in Seoul, South Korea where 5,400 Evangelicals from all over the world gathered together to set up the mission agenda for years ahead. Another important development was re-engaging with our Kenyan members by travelling to Nairobi and starting a process of identifying our new Africa Regional Coordinator.
Leadership
The core activities of Faith2Share focus on growing and supporting effective indigenous leaders for mission movements around the world. The year 2024-25 has highlighted how important it is to stay relevant as a network by equipping, resourcing and encouraging mission leaders. Our flagship resource is a Leadership Briefing which is received by over 850 leaders in around 55 different countries. This regular bulletin points leaders to a wide range of resources appropriate to their work and challenges them to build collaborations for effective mission. On a daily basis, and at our major events, our small staff team works with leaders in four different ways as outlined below.
Accompany
The methodology of choice for Jesus as he prepared leaders for the church was to ‘walk with them’, to accompany them on their way through life and ministry. Faith2Share, as a network (not just staff) spends a lot of time ‘walking with’ leaders, sometimes offering advice or acting as a sounding board, and sometimes just being there to listen, appreciate and encourage.
In 2024-25 we put a lot of work into making sure that mission and church leaders have this opportunity to stay connected with each other, and continued to offer regular online meeting opportunities, especially for our members in India.
Mentor
The mentoring relationship is a more formal aspect of accompaniment. During the year staff and senior leaders within the network have been involved in mentoring a number of leaders, mostly from emerging mission movements.
Consult
The consultation we offer to leaders happens at many levels and is designed to help them respond to the changing mission context in which they find themselves.
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We have resumed our programme of international in-person consultations which had been postponed due to Covid. We held a Whole-Life Discipleship consultation in Pakistan in October, as well as a fellowship and prayer gathering for our Kenyan members and partners in Nairobi in November.
Resource
Faith2Share continues to offer over 800 mission leaders its expertise in identifying and generating appropriate and contextualised resources to equip them to take forward their mission work. The regular Faith2Share Leadership Briefing provides access to a wide range of new resources and others are researched on a bespoke basis. A major challenge continues to be the under-resourcing of Global South mission made worse by the cost of living crisis.
Discipleship
A focus on Christian discipleship continues to be the defining characteristic which brings our member movements together and each has been active in making disciples of Jesus Christ in their own context. For some, like Friends Missionary Prayer Band working mostly in rural India, this has involved tens to hundreds of new disciples being brought into the church and equipped for Christian living during the past year, whereas for others, like PMI (working in North Africa) or Church Mission Society (in their Pioneer Ministry work in Britain or establishing mission hubs elsewhere) the work is much slower and involves costly witness.
Whole-life Discipleship
Faith2Share has continued its focus this year on “Whole-Life” discipleship – training our member
movements to equip those who choose to follow Jesus, to do so in every area of their life, in family relations, in their employment and as they seek to transform the communities in which they live. In October 2024 we partnered with Pakistani Evangelical Alliance to organise and run an in-person Whole-
Life Discipleship consultation in Rawalpindi, Pakistan. Compared to the 2022 consultation in Lahore, we saw more women and younger leaders attending and making a vital contribution, but we also had to face a bigger bill because of the high inflation. We also held a follow-up meeting in Lahore for 35 people. Local participants are already asking for a follow-up event in 2026 in Karachi.
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Collaboration
No mission movement is invited to join the Faith2Share network unless there is a clear commitment to active collaboration in mission. We have therefore been pleased to see, over the past three years, a closer collaboration between our member agencies in many areas of the world. In 2024 the main challenge of fostering collaboration was still the limit on meeting people physically, but we
continued to foster the spirit of sharing and mission collaboration through a series of regular Zoom events, as well as participating in the online meetings organised by other networks and organisations.
Wider Networks
One of the services which Faith2Share provides for its members is regular collaboration with wider mission networks. Our Associate International Director, Anton Ponomarev, is an Associate of IPA (International Partnering Associates) and represents us at Vision Synergy. The International Director Jan Wessels has continued his new part-time role with the European Evangelical Alliance (EEA) as General Secretary which has brought many contacts, especially with the European Ecumenical Missions Council (EEMC) and the European Evangelical Mission Association (EEMA) in Europe. Regular contact has also been maintained with IMA (India) and MANI (Africa), and with WEA Mission Commission where our International Director is a member of the (Executive Committee of the) Global Leadership Council and attended the Global Lausanne IV Congress in September 2024 in Seoul, South Korea.
CMS Mission Network
In the course of the year Faith2Share continued to facilitate the CMS Mission Network which now has seven member movements and has seen an increased level of intentional working together. The highlight of the year was an in-person meeting in Cairo, Egypt which Faith2Share facilitated.
Lausanne-Orthodox Initiative
Although Faith2Share handed over the facilitation of the Lausanne-Orthodox Initiative in 2016 the Associate International Director continues to serve on its board. He has attended a number of LOI Board meetings and events delivered online as well as in person.
Consultants
Faith2Share has continued to provide financial administration for two consultants with whom we have a long-standing relationship. During the year they have undertaken consultancy work for Mahabba International (one of our members), Oxford Centre for Mission Studies, Oxford Centre for Christian Muslim Studies and several other mission agencies.
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Emerging Mission Movements
As a network Faith2Share retains a strong commitment to supporting the emergence and development of new mission movements around the world. We provided advice during the emergence of a new missional networking entity in Kenya and provided a small number of mission grants, for example supporting educational ministry in West Bengal, India and offering assistance to a local trainer in Kenya.
Building organizational sustainability and resilience
Faith2Share continues to operate supported by a small staff team with decreased capacity. Our International Director, Jan Wessels, has been working for Faith2Share only part-time (50%), and has continued in a new position with European Evangelical Alliance. Our Associate International Director, Anton Ponomarev, continues to be seconded to another Oxford-based charity for one day a week on a paid basis. We are really pleased to have Sonja Woodman join our team in spring 2025 as a Communications Volunteer and are planning to recruit an Africa Coordinator soon (to be based in East Africa).
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FINANCIAL REVIEW
Reserves policy
The policy is to hold enough funds to meet three months’ operating costs of the charity. At year end the unrestricted cash and investments balance was £76,451. The trustees deem £25,000 to be the minimum cash balance to meet three months operating costs. The reserves policy is reviewed on an annual basis.
Principal funding sources
The charity’s main source of income are membership fees, donations, trusts and foundations and consultancy. The charity’s total income was £85,391 (2023/24: £85,535) which is almost the same compared to the previous year. This moderate decrease is offset by a decrease in annual expenditure and provides firm basis for continuing the work of the charity in the coming months.
Income from member movements decreased sharply to £8,100 (2023/24: £13,993) – mostly due to the fact that many of our members are suffering themselves from the cost of living crisis and increased costs of international travel. Tax effective individual donations saw a slight increase to £17,481 (2023/24: £16,135) and non-tax effective individual donations decreased slightly to £6,934 (2023/24: £8,769). Income from trusts increased to £18,479 (2023/24: £14,095). Except for the funds raised specifically for the work of two consultants the level of restricted funds received by Faith2Share remains healthily low which ensures that we have maximum flexibility in applying funds where they are most needed within the network.
Investment policy and objectives
The trustees have approved the use of the COIF Charities Investment Fund, whose investments are mainly in equities and follows an ethical investment policy. Other cash reserves are held in bank current accounts. In a challenging investment market, our COIF investment has seen a capital gain of £5,589 during the year (2023-24: gain of £4,432).
Ongoing Concern
The Trustees have considered the financial strength of the charity, bearing in mind the exceptional pandemic circumstances which have affected its operations during the past few years. Significant cost reductions have already been achieved, and the Trustees have confidence that a satisfactory level of income will continue to arrive. Comparing now with the financial situation that the charity was facing in 2020, the Trustees deem the financial position of the charity as stable, although this needs careful monitoring once we have re-started our programmes, international travel and rebuilding our organisational capacity by employing an Africa Regional Coordinator.
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PLANS FOR FUTURE PERIOD
Strategic Direction
The Trustees together with the International Director and other major stakeholders have been given an opportunity to review and revise the strategic direction of Faith2Share but as a network of participating agencies the broad direction will continue to be determined by the vision, needs and aspirations of network members. This is likely to ensure a continued focus on the current vision (see ‘Clear Vision’ below).
Programmatic Plans
Faith2Share has made a commitment to continue working on Leadership and Discipleship development. For 2025 we are committed to organize and run a Leadership training in Nepal and
continue the follow-up work in Pakistan. Faith2Share is also committed to continuing with the Emerging Mission Programme, focusing especially on under-resourced areas of the world and providing support to our partners there, especially focusing on leadership development.
CLEAR VISION
Through regular meetings with trustees, and dedicated staff ‘away days’ we continue to clarify the core commitments and areas of work for Faith2Share as a network. In communication terms we now regularly use the four simple ‘words’ (which have provided the structure for this report) to describe our mission. They are:
LEADERSHIP
LEADERSHIP Accompanying, Mentoring, Consulting and Resourcing (The core activity of the network) DISCIPLESHIP Following Jesus in every aspect of our lives (The core objective of all our members)
COLLABORATION
Doing mission together whenever and however we can (The core ethos of the network)
EMERGING MISSION
Encouraging and supporting new movements of God’s mission (The core vision for our life together)
We give thanks to God for his faithfulness and the opportunities afforded to us during 2024-25 to participate in His mission. reuse spe We We Ge eu et
Robert Wilkes Chair of Trustees 26 June 2025
Jan Wessels Jan Wessels International Director International Direc
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Profit and Loss
| Profit and Loss | Profit and Loss | ||||||
|---|---|---|---|---|---|---|---|
| Faith2Share For the year ended 31 January |
ith2share — |
||||||
| 2025 | |||||||
| Accrual Basis | |||||||
| Account | Notes | PAS | MO | EMF | UKSS | Unrestricted | Total |
| Turnover | |||||||
| Charges to Members | 0 | 0 0 |
0 | 340 | 340 | ||
| Churches | Note: 1 | 3,635 | 635 0 |
970 | 10,393 | 14,998 | |
| ConsultancyFees | Note: 2 | 0 | 0 0 |
0 | 8,916 | 8,916 | |
| MembershipFees | Note:3 | 0 | 0 | 0 | 8,100 | 8,100 | |
| One off individual Gift Aided | Note: 4 | 0 | 0 314 |
475 | 9,321 | 10,109 | |
| One off individual non Gift Aided | 0 | 0 0 |
49 | 3,058 | 3,106 | ||
| Regular individual Gift Aided | 399 | 399 0 |
0 | 6,979 | 7,378 | ||
| Regular individual non Gift Aided | 0 | 0 0 |
0 | 3,474 | 3,474 | ||
| Tax Refund | 105 | 105 83 |
125 | 4,236 | 4,549 | ||
| Trusts | Note: 5 | 0 | 0 0 |
0 | 18,479 | 18,479 | |
| Investment Gain / Loss | Note: 6 | 0 | 0 0 |
0 | 5,589 | 5,589 | |
| Total Turnover | 4,139 | 4,139 397 |
1,619 | 78,885 | 85,038 | ||
| Cost of Sales | |||||||
| Consultancy | Note: 7 | 3,943 | 943 459 |
0 | 0 | 4,402 | |
| Consultation Core Costs | Note: 8 | 0 | 0 0 |
90 | 9,829 | 9,919 | |
| Mission Grants | Note: 9 | 0 | 0 0 |
1,540 | 0 | 1,540 | |
| NetworkingCosts | 0 | 0 0 |
0 | 505 | 505 | ||
| Staff international travel | Note: 10 | 0 | 0 0 |
0 | 1,191 | 1,191 | |
| Total Cost of Sales | 3,943 | 3,943 459 |
1,630 | 11,525 | 17,557 | ||
| Gross Profit | 196 | 196 -62 |
-11 | 67,360 | 67,481 | ||
| Administrative Costs | |||||||
| Bank charges | 0 | 0 0 |
40 | 114 | 154 | ||
| Insurance | 0 | 0 0 |
0 | 975 | 975 | ||
| Inter-office travel | 0 | 0 0 |
0 | 224 | 224 | ||
| Office Consultancy | 0 | 0 0 |
0 | 100 | 100 | ||
| Office Stationery | 0 | 0 0 |
0 | 338 | 338 | ||
| Other staff costs | 0 | 0 0 |
0 | 489 | 489 | ||
| Staff expenses | Note: 10 | 0 | 0 0 |
0 | 2,297 | 2,297 | |
| Staff Pension | Note: 11 | 0 | 0 0 |
0 | 3,025 | 3,025 | |
| Staff salaries | Note: 11 | 0 | 0 0 |
0 | 73,092 | 73,092 | |
| Website | 0 | 0 0 |
0 | 220 | 220 | ||
| Total Administrative Costs | 0 | 0 0 |
40 | 80,873 | 80,914 | ||
| Profit | 196 | 196 -62 |
-51 | -13,513 | -13,433 | ||
| Transfers | Note: 12 | -354 | -354 354 |
0 | |||
| Total Other Income | 0 | 0 0 |
0 | 354 | 0 | ||
| Operating Profit | Note: 13 | 196 | 196 -62 |
-51 | -354 | -354 -13,159 |
-13,433 |
Notes
1. Income Churches
This includes the support for Phil Simpson (restricted) and the personal support through the Christian Reformed Bethelkerk for the honorarium of the International Director (unrestricted). The support for the ID was higher than budgeted due to a donation from a Trust fund.
2. Income Consultancy Fees
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Our Associate International Director is seconded to the Centre for Muslim Christian Studies in Oxford (0.2 Fte) as a consultant for which we invoice CMCS.
3. Income Membership Fees
Membership Fees are significantly lower than budgeted. Invoices and reminders have been sent out in March, October and December.
We know that it is difficult for many of our members to continue to pay their fees, especially getting funds out of India.
4. Individual donors
In general, there is a decrease of income from individual donors. This has been a trend already for some years. Our regular donors are aging and it is difficult and labour-intensive to engage a younger generation. We have been able to restore that capacity in terms of communications, but it takes time. Giving is also changing in the UK, where most of our individual donors live. The latest high rates of inflation and the steep rise of cost of living have also had its impact.
5. Income Trusts
We have received two grants from Trusts: Stichting Urco (Netherlands) and the Evangelical Church of Würtemberg (Germany). Because of this funding, we were able to proceed with the training consultation in Pakistan.
6. Investment Gain / Loss
Our investment with COIF Charities Investment Fund has gained £5.589 in this financial year. With an overall performance of +8.5% our investment fund has done very well. Much better than the year before.
7. Costs of Activities: Consultancy
These are solely activities by our consultants Mark Oxbrow and Phil Simpson and paid from their respective restricted funds.
8. Consultation Core Costs
These are the costs of the Whole-Life Discipleship consultation in Pakistan and a members’ meeting in Kenya.
9. Cost of Activities: Mission Grants
We have supported one of our network mission partners in Asia and a local trainer in Kenya.
10. Costs of Activities: Staff International Travel
Faith2Share has covered staff travel to South Korea, Pakistan and Kenya as we have resumed our inperson international activities/
11. Administrative Costs: Staff salaries and pensions
Faith2Share has only 2 paid staff members: Mr. Anton Ponomarev (1.0 Fte) and Rev. Jan Wessels (0.5Fte). It is to be noted that Mr. Ponomarev is seconded for 0.2Fte to the Centre for Muslim Christian Studies in Oxford as finance administrator.
12. Balance carried forward
These are internal transfers to and from General fund
13. Operating Profit/Loss
Our Operating Loss is £13,433.
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| Balance Sheet | |||
|---|---|---|---|
| Faith2Share As at 31 January 2025 |
faith2share | ||
| Accrual Basis | |||
| Account | Notes | 31 Jan 2025 | 31 Jan 2024 |
| Cash at bank and in hand | |||
| Faith2Share current account | Note: 1 | 13,436 | 28,497 |
| Faith2Share Investments | Note: 2 | 61,975 | 56,386 |
| Total Cash at bank and in hand | 75,411 | 84,883 | |
| Receivable/payable | |||
| Accounts Receivable | Note: 3 | 1,040 | 5,000 |
| Total Current Assets | 76,451 | 89,883 | |
| Net Assets | 76,451 | 89,883 | |
| Capital and Reserves | |||
| Restricted funds | |||
| Mark Oxbrow Fund | Note: 4 | 42 | 105 |
| Phil Simpson Fund | Note: 4 | 6,106 | 5,910 |
| EmergingMissions Fund | Note: 4 | 39 | 91 |
| Total Restricted Funds | 6,187 | 6,106 | |
| Designated Funds | |||
| US Staff support | Note: 5 | 0 | 354 |
| ContinuityReserve | Note: 6 | 25,000 | 25,000 |
| Total Designated Funds | 25,000 | 25,354 | |
| General Fund | |||
| Current Year Earnings | -13,160 | -5,434 | |
| Retained Earnings | 58,423 | 63,857 | |
| Total General fund | 45,264 | 58,423 | |
| Total Capital and Reserves | 76,450 | 89,884 | |
| Effective Balance | Note: 7 | 70,264 | 83,777 |
Financial Year and accounting base
Our financial year starts on February 1 and ends on January 31. We are using an accrual accounting base
1. Current account
We have one current account with the Co-op Bank of the United Kingdom. This account is connected to our Xero online bookkeeping system
2. Investments
Our investments with COIF Charities Investment Fund was valued on January 31 and saw a good increase. The overall performance for this year was a gain of £5,589, i.e. +8.5%, despite market volatility.
3. Receivable
The outstanding membership fees for last year were paid in March. New outstanding membership fees on January 31, 2025, were paid in February
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4. Restricted Funds
Restricted funds are funds we manage for third parties.
• At this moment we have a small fund for Mark Oxbrow
• Furthermore there is an Emerging Missions Fund that we use for small grants to partners in the global south. The income for this fund is from donors in the UK who want to send the money to partners with Gift Aid.
• The fund for Phil Simpson is slowly growing as he didn't claim a lot of money. In all instances we charge a small administrative fee, i.e. 5%, for handling this. (This is booked as unrestricted income from churches or individual donors in the P&L Statement, on the same line)
5. UK Staff Spport
During the pandemic we ran a campaign to raise funds to support US staff salary. During the year 2024 the Trustees decided to close this campaign and the funds were released into General fund.
6. Continuity Reserve
This is a 'designated fund' that was created to have a threshold of three months for our operations. This threshold has been set by the Board in 2023
7. Effective Balance
This is the money we 'own' and can use, i.e. our 'Total Capital and Reserves' minus the 'Total Restricted Funds' (money we owe to third parties).
The financial statements on pages 13 to 15 were approved by the Trustees on 26 June 2025 and are signed on their behalf by:
……………………………………….. Robert Wilkes, Chair of Trustees
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General Notes to the Financial Statements
Year ending 31 January 2025
1. Principal accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention with the exception of investments which are carried at current market value where available. The accounts have been prepared in accordance with the Charities Act 2011, applicable accounting standards and the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015).
The accounting policies which have been consistently applied throughout the year are set out below:
(b) Funds structure
All funds raised by Faith2Share are used in furtherance of its charitable objectives.
Restricted funds are raised on the basis of an agreement or understanding with the donors that their use will be restricted to certain specific projects or activities within the scope of the stated charitable purposes of Faith2Share. These restricted funds are accounted for separately.
Designated funds are reservations for continuity and UK Staff Support during the pandemic.
Unrestricted funds are spent at the discretion of Faith2Share’s trustees for use on any of the charity’s general charitable purposes. With the consent of the relevant donors, tax recovered through Gift Aid is generally treated as unrestricted.
(c) Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of transaction.
(d) Incoming resources
Donations and gift aid are recognised in the financial statements when Faith2Share believes it is entitled to them, the income is judged virtually certain of receipt and the amount can be reliably quantified.
Incoming resources from grants, where there are performance or service deliverables required by the terms of grant, are accounted for as the charity earns the right to payment through its performance.
(e) Resources expended
All expenditure is accounted for on an accrual basis.
Cost of Sales comprise those activities outlined under ‘Purpose’ and ‘Objectives’ at the beginning of the Annual Report.
Fundraising activities are the costs of generating donations and the transactional costs incurred.
Administrative costs are the costs associated with the governance arrangements of the charity. The costs included in this category relate to organizational administration and compliance.
Irrecoverable VAT is charged against the category of resources expended for which it is incurred.
(f) Investments and investment income
Investments in equity funds are included at their open market value at the balance sheet date. All gains and losses on investments are taken to the Income and Expenditure Statement.
2. Statement of movement of Restricted Funds 2024-25
==> picture [381 x 77] intentionally omitted <==
----- Start of picture text -----
Balance Brought Balance Carried
c Income Expenditure
Forward Forward
Emerging Missions 91 1619 1670 39
Consultancy (PAS) 5910 4139 3943 6106
Consultancy (MO) 105 396 459 42
Total 6106 6153 6072 6187
----- End of picture text -----
3. Related party transactions and Trustees’ remuneration Trustees received expenses totaling £0 during the year (2023-24: £0) Trustees received no payment for their services during the year (2023-24 £0)
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Report of the Independent Examiner
Independent Examiner’s report to the Trustees of Faith2Share
I report on the accounts of the Trust for the year ended 31 January 2025, which are set out on pages 13 to 15.
Respective responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act);
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s 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 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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.
Name: John D Price, MA Address: 26 Trinity Street, Oxford, OX1 1TY, UK Date: 17 June 2025
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Appendix 1
The Faith2Share Network CEOs as at January 2025
Mr. Alastair Bateman (CMS) Rev. John Berlin (Friends Missionary Prayer Band) Dr. Saheb John Borgall (Tribal Transformation India) Canon Moses Buschendich (CMS Africa) Rev. Dr. Nam Chen Chan (AsiaCMS) Mr. Curtis Chanda (Global Teams) Pastor A. Mabud Choudhury (Isa-e Church) Mr. Adrian de la Cruz (PM International) Rev. Sunil Ferdinando (AIMS Sri Lanka) Mrs. Rosie Fyfe (New Zealand CMS) Mr. David Hall (TEAM) Rev. Gordon Hickson (Mahabba Network International) Mr. Titus O Kumapayi (Church of Nigeria Missionary Society) Mr. Paul Radha Krishnan (Mahanaim Ministries) Mr. Pranab Kumar (New Life for India) Rev. Joseph MacCarthy (Torchbearers Mission) Mr. Arul Manohar (Interserve India) Mr. Tusha Manna (Manna Mission) Rev. Wondimu Mathewos (Mekane Yesus International Missionary Society) Rev. Richard Moy (SOMA UK) Mr. Harrison Mungai (iServe Africa) Rev. Dr. Danson Mwangi (Church Army Africa) Mr. Akash Nandi (Jharkhand Christian Workers Association) Rev. Canon Francis Omondi (The Sheepfold Ministries) Rev. Daniel Ponraj (BORN - BCC) Mr. Peter Sholl (CMS Australia) Rev. P.C. Saji (Mar Thoma Evangelistic Association) Rt Rev. Josep Rosselo (NAMS Network) Mr. Ram Prasad Shrestha (National Mission Commission of Nepal) Mr. Gurpreet Singh (MSF International) Rev. Dr. Raja Singh (Indian Evangelical Mission) Mrs. Jenny Smyth (CMS Ireland) Mr. Robb Sykes (Mission Together Inc. Canada) Dr. Aila Tasse (Lifeway Mission International) Mr. Silas Tostes (Antioch Mission) Mr. Stewart Wicker (South American Missionary Society, USA) position vacant (South American Missionary Society, Ireland)
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