IIUAL A£PORY AND FIIIAIICIAL sfATEMEIITS FOA ThE YEAR emtrlo J•St MAAQI 202$ LATYIAEFI CMAisfJAM PELLOWSXXP TRVST IA C￿•nY Liirrir•d by f￿￿rkne} CHAAttY R&￿ST￿An0# WUMBEA 114342Q COMPW REGTSTRATION IIUMBER0765061• lllllll •AEO8HZS¥* 161101202S COMPANIES HOUSE #165 In¢lependent EAamlner5 Ltd &J5u￿sS CentsE Delling L POI8 8F4F LATYMEII OIRfSTIAM PELi(IWSHIP TRitsT (A eOMPA14Y LIMfFtO BY GUARAMTtt) CONTENTS Pa9e J Page 4 Pa9oSto9 Pa9È 10 Page Li Pagt5 1.2 to 20 LATYMEA CHRJSTIAII FtLLOWSMIP TRUST (4 CQMPANY UIIITEO OY 6UARANYtÈ) LEGAL AIID ADMII•ISTRATI¥E INFOAMATIOII 1142410 CQMPA14Y REGISIUTION NUMBER 07650618 DAIE OF IN¢ORPIWITIO 271h Yay 2011 STARTOF FINAIICI&L YEAR 1$1 Apr4 2024 tIlO OF FINANCIAL YEAII 31st March 2015 THf YEAIi TO JAST MAIICH X125 Huelwinson eedfonl jose u* Rt4rOo Esie*Wr GOVERP4114G OOCUME•IT OBJECTS l) To advance the Christian ih the staemert ol bEWs appeatlng Yt the of Assoclètkn In tr* RoY?I of Ken4n9kn) and thebe• and in sKh other pwts of Lknthd wcrtl a5 the TryE#ees from timE to bme may tnk)k f 11) To rel*ve persons are In con¢QMJTr5 cl need Or ¥iho arE a9pd WSMIP TRUST IA C014VAtIY LIMITED BY GVARAfvTee) IIIDEPVItsEIIT EXA1￿￿£#.5 REPORTOX THE A¢¢OUNTS I report to the th•rtty trustE25 On my e￿￿at￿]n of its accwrrts of for yw *¥JeO 31 2025. RÉSpQNs￿iLmES AND VA515 OF REPORT As the chèrlvs t￿￿eS of the Compkny l*ho are alsty the 4keTh shr¥J11 be ttrawn In order to e￿¥b￿ a propw UnderslaTrJ￿J of the xcounrs to ￿ lead￿. J Irvknesm*h Fue Independent EX¥r$￿￿5 Ll4 UDIt 2 The kn•￿￿d9¢ &Js*%55 Cejrtre Dellln9 Kane oshurn West Sussex P018 6NF Dth. 23 &•,, Annual Report 2024-2025 Latymer Chr•s1ian Fellowship Trnst Regtstsrwj Charity Nurnber 1142420 Cornpony Re9iStration Number 7650618 Mernoran41um a¢xl Articles dat¢d 27 May 2011 l. Refer•nte and Admln15trnll¥• dètslls Trwstses: Simon 8kn¢Pkner Hazel Vinson GIIUan Bedtord EmaTr Bahgat Mahrroud Tawhk Yosry Rkardo esree-wal >)5e Liste Senlor Staff •lemkn.' Steve and Tènya aovmds, thurth Le•Je Church Leaders: Steve and Tanya Bownd5 Mary White MOII (Y4uhkanrnl Bankets: Cts-operative Bank ￿c, PO Box 250, Skelmersdale. WN8 6%Yr Independent Exaffllner.. Independent Examiners Ltd Addrnss". Notting Hill Methodist Churth, 240 Lancaster Road. LoThJon Wll 4AH 2. StruC￿re￿ Governance and Managemefvt Latymer Christian Fellowship Frust wa5 forned as a chèntable company a5 set out In our Memorandum and Artides of 27" May 2011. It continues the work of the chèritaWe irus( Latymer Christtaft Fellowship Trust. ¥¥hich was in operatlon from 1995 to 2011. The work of the Trust is caryied our by a sm•ll number of empIrye￿ and vO￿ntee￿ Tanya and Steve share one full-tlme role OF overall leadership of the church and work cl ttie charity. The Tntstees rneet on a quèrterly basis to recelve repurts on the church, and to give strategic leadership ¢0 the adiviUe5 d the Trust. Trustees are Indu£ted by Ehe Chair of Trustees us+ng the Charfty Comm155ion'5 dcument Tr E5senth?I frustee" and the Trusys induction pack. Key parinerships lor the Tnjst Sn 24-25 Included: Pioneer. a nati￿al nett¥￿* of churches, who provide spiritiwl 5UPPOrt for the work of the chjrch Gr￿fell Health and Wellbelng knlce who we partner wlth to run the BereaVer￿nt Journey cuur5e The church has been bo5•1 at Notbng Hlll Methodist fjurch INHMCI Sin￿ September 2023 folbwlrKJ the pvrthose by the Royal Borou9h of XensiThJtoN and Chelsea Council IR6KCI of the bvi5dw whtrE we used tts meet at thE end ol Morrh 2022. The council stlll to demolish the thurth tsullllng and rebulld a new thurch faclllty on the 116 8ramley Road church site. but conunues to be subl￿t to debys so we expert to be based at NPNC for the foreseeable future. The major rfsks to whlth the charlty Is exposed. os Idenvfled by the Trustee5. hove been re¥Jewed, ar￿ systems or procedures have been estr￿1$he￿ to mènage rtsks. 3. ObJe¢tTves and A¢ll¥ltJes The main purpostt of the Tfust as Set out in Mernoranown and Art*Jes are to.. AdVart￿ the Christian faith Aelieve petsons are in conditions of need or hartlship or or sKk Promote and fulfil such othercharitable purposes benef￿131 to the comrThJniiY The activities of the Trust are wimarily ynL1ertaken in the Royal Bclrough of Ken￿09t0￿ and Chewa but alw in such other part5 01 the VK or the *odd as the Trustees rnay think fL The Trustees have revlewed the Trusvs &UvlUes In tr*1Sght of the Ch)rtty CrKnrnlssbn's requlrement to demonstrate. public benefit In line wlth the charfVs aims and are confident that tl* ¢uVined in published guiéance have been met as f￿10￿$, more Jeiall 15 Ptovlded body of the report.. Prfntlple l - There must be an k1enVfiable beftefft or benefft5- It must be thar what the beneffits are. they must be relaied io the aims artd rnust be balanced against any detrimeni or hm. The charlty through its thurch seryitt5 and artivities. cornm￿ty athths and cart ftr vulnernbte mernbers ¢1 Ihe communlty 15 rneetirKJ its aTrJ deliverlng dear benefit thrwgh *Joing so. Prinople 2 - Benefit must be to the publ￿, or sectlon tsl the publc - the beneficlarles rn￿t be appropriate to the alms, the opportunlty must not be urrnsi￿abIY restritted. people tn poverty musi rK)t be ex¢luded froth the Opportun￿ to benefit and any priv•te tenefits must be incK1ental. Church servlce5 are open to all to attend, as are the of communlty attiviEt¢9. Some of our gr￿￿P5 are sperifjc4lly fvr young peaplelthrfdren. whe￿ thar9es are rnade fpr community att￿ltieS these are set at a *vel sych that peopk aw not exelu¢ed (rntsst odi¥iti¢s are free). We have continued ovr vtslon to ￿loW jeSL￿. love all peopk and rnake diKlples in Ladbroke Grove throughoirt the year. It has been a year of consothdation as we have continued to settle into meeb.ng at a new twne and in a new venue, and of progress as v*e sought to reach out into the ctymmunity in ne¥¥ way5. a) .Church K¢y roles Tanya and s￿e Bownds aJntirwe to toke senior lea(ler5t•"p rtspDnsibility for the ￿Tch and tharlty, with Mary White and Moji Ogunkanmi a$ the other member5 of the leadership tearn. Tanya has been on rnatwnlty leave from er mle lor the malorlty of the year and Steve has covered aspects of her rnle during this pef(od. W¢ are grnteful to Val Light, our selfemployert book-keeper. for her diligence atsj expertise in roveriry pay-roll and t pratticalities of the finances of the charity. We continue to work tow¥ds Ljtymer be¢oming o thurth t1￿ IS fvlly repre5entstyve of our wonderfully diverse local community at all levels d enga9ernent. WI￿re everyone is e4u4IFy valued are athvely ènti-raust. It 15 therelore encourtying that our Trustees Board Trow has three whts5e heritage is frim the global malorlty and three who a￿ White Brltish and MOIS ￿ Mnging rnuch-valued dtvusity to our Leadership Team in addition to her leadevship g¥Ftsng. Our vak*s are to be bibl**, evangelisuc. way*rful, expermiwl and gertero￿ and these have been woven throu9h our acbvibes anLS events. Chur¢h Serylc¢$ We continue to meet tugether Èath ￿ndaY at Spm. AttepAIa￿e averages at 25 $>E0￿e eoth week. Serrnon Series hove included spiritual disc5￿lne$, the 81b￿ in eight women. and Kin9dom parables reflecting our them£s of livtng stones in 2024 and Xingdom No*.. walkin9 HIS way in 2025. We have enjoyed experimenbng with different ways of hearbng frDm God in our times on SuNJays, inchjding Simple Sundays ¥¥hefe everyone is encouraged to listen to God Sn the week beforehand and share somethlng. We had a wornlerful Chrfstrna5 wlth p￿Trty of oppOrtUn￿leS for outreach. Xid5' Church has sustained its fortntyhtty pattern. there are a sm¥1 number of (hiklren who attend regularfy. Relatlonship5 a￿ bulkllry with thelr parents as well. Disclpleship I￿r Thursday night ￿SCi￿eShip Groupsi Wlth a rneal f0lb¥￿d ty tsib￿ stuly, rA)n[￿Uel1, ar#J for mvch of the year we fotUS5ed on different 81b￿ chararter5 such as Esther. Gideon. Paul and Mary the mother of Jesus. In 2025 we experirnented wittl studying the 8ible p4$5age Sn diffe￿nt Ways* Such as the Afrlcan &ble St￿[¥ method or rneditatktin, aftd during Lerst studied a￿j practised the spiritual disclpline of fastiNJ. The Monday I￿rnIn9 E4ible sbjdy has contlnued to tplork through &'ble books. Pray¢v •nd Worshlp It has been encouraging to Continue ifi rtgutsr tyayer ea¢h v•eek, with a *eekly praver walk, prayer time for wrrt*ing people, staff and leadeF51*p prayer time5 aThJ a ST￿nth￿ prophetK prayer group. We have held a nvrnber of 2411 prayer sessjons. each wfth a specffic focus. Dudng Advent and Lent there wa$ an additlonal lyrtth-tlme prayer bme which has been encouraging. Prayer for our Mis5KJn Partnefs c¢nb#ues thwugh the Mission Partrets. Prayer guide. an update within our servitr5 and Some prayer hours. An innovatth thls year was a termly Friends of Latymer Prayer Hour on zoom where we Invited our s¥ppJrters from furttter af*hl tb Joln with us In prayer. Pastoral care A key part OF our work contlnues tg be past￿al ore. Many of the beavtifu1 peopk whts are part of our COMM￿lty stru99le with poor physical and mentsl health. tscilitste the Bereavement Joumey coutse twi￿ in the yw in partnwthip viith the Grenfell Health and Wellbeing Sewvlce and the 18 paffj(7pants fourxl it helpful. During Mary's sabbatical in 2023 she travelled to Christchvrch. New ZeaL4nd to research the tommunity reS￿nSt to the earthquakes and Mosq￿ shoots"rwJs wlth a Churthill Fellowship. A 9gnftant focus for role in 24125 has bringing her learning5 Ii&k to ty* fmfell commwirty. This induded launchiTW her report-Hope for the h)ng-haul" at two events for organisatKJns and I￿11 people. and a wide range OF people portiapated. She has also b*n artNÈty involved wtth othw lotsl resk1ents in shaw'n9 the Futu￿ Grenfell Support prt*gramme, and hès tegun building ￿lationShipS 417th people in Ihe CouFX41 as the Council Le*Jer and Ical COu￿1110Ts. and with our new Ir￿1 MP. Joe Powell. There has been some PFOgW in twibdirmj a rel&*nship wilh the local secondary xhool, Kensingttsn Aldr*e Academy. and we ueoted 40 boxesfor chih1￿ in need of &Jdition￿ 5UPPOrt for the twinning of the academic year. Grtnhli 14 June 2024 was the 5e¥enth anniversary c¢ the Grenfdl Tower fire and iatymer p￿ved a significant role in the servi￿ of Hope oryantsed with other local churche5, as well as Latymer people PartKipati￿J in Ihe Silent Womr. Mary also partiopated in the Grenfell TO¥￿ me￿￿rIal Q>rnrni￿o￿'5 film on archivry to mark the anniversary. We conJnue to be gratéfvl to God for su5tsW We celebrate: The commitrnent ahd faith of so many ofour thw¢h member5. ofteft lft diffiott cmThstsn￿s New Ivays of reathng Wt into the cornfflunity. ind￿lir￿j (Kganisa16onal outre•th. events and grcswirwj partnUsh￿S Mth other t(xal organisarions God's proviston through new donws and w•ys of fvThJraisÉrnJ ¢) Flnan¢lal Revlew The charity's prlncfjpal sources of income are kK11¥￿￿?1 gi¥iw by Church memters and gi¥ing frDrn other iF¥Jividu8ls towards the vmrk of the Churth. v4ith aSS￿lated ()ft Aid. We atso have some Incrjme from gran We continue to work on drffuent kinds of fvndrnising tD build the tharivs finantial stabil￿. A number of Trew regular supporters were secured from out￿de Latymer. ar¥1 we hekl a fuTrdraiyng event in Septemberwhich weThl well. During the period we slgned an •Jreernent to pilot a chm shop whicb has the potential to bring in unrestricted funds. Progress with locating a suitable premists for the charity shop Iws been slower thon antictpated but we are persisting with it at this stage b￿aUse there is Th) financbal risk to the Tnrt We a150 atpl*d for runt11r￿ from a number ( sources. Total income this financtal year was E103.640 woth total exp￿)Se beFng É108,724. The net loss was therefore £5.084. This is a lot le5S than our buthjeted deficit forthe year. We akn put £18.IxKI tOWaTts the rharity shop proposal. which had not been budgeted at the stsrt of the year, Mwever we know tlwt we will get am of Ihe £18,000 back if the shop does not happen. We hove carried over £249 Fn restric￿ fvThJing. E223 of this i% fFom The Lon**Jn Communty FouTrJotion, whith will be spent on supr*xkn"ng local youThJ people in the 25.26 financial year. The Fem6ining £26 is a contribuilon towards twinnlt¥J a toikt In the church buildiry. We stiii have our unrestritted reseNe5 target of E50.IXKI, ts equivalent to 3 month's exper￿ltUre (£30.rMJo). plus"£20,000 for when we mve l)ad< into the buldiThJ and the £249 of restricted funding which is still to be speThL We finished the year with £133.662 which afftynts to a varration of £83.662 from the polKy. During the year ¥4e received a numt*r of small grants towards our commun5ty artivities. City Living Lordl life funded our coach trip and Friendship Meal whilst the Kerisington and Chelsea Fountlaiitm and North Kensir4Jton Community Energy funded the Communaty Heroe5 Awords cwern￿. The London Foundatw fu[￿ed the Family outings to G¢rApe and a pantomime. We a150 took up a number of speoal uJllectith)s fw organisation5 such as Crtsi5 aThl these wtre transferred in full to the oryanisaiion Con￿MetI. kn Individual made a donabon ro cthfer the costs of llo￿n9 a Walk thrwh the Bible"day ' In 25126 so this was c3rrTed over. The Trustees continued in their finanoaj man•Jement dulles whith rndude.. regular review of the budget and spending at each Trustees meetirKJ review and maintenance of the formal reserves polity ond the funttioning of the church. The ￿e1 and appropriateness of these reserves is revtewed before the Start d eoth f¢naftcial veèr continued implementstion of the finanoal controls polity The Trusvs expendiiure has advanced the CThristian faith by providlThJ actNitse5 aTrJ re￿UrCeS to en￿￿ralle people in thelr faith Joumey. The ptovi$4on of Commun￿ activlties. has ben¥loal to local peop￿. The Trnst does not ho￿ mattrial investmtrirs. d) Plans for the Fulurp We have been thallenged to be Increasin￿ out tn the community whdst ￿ are based at the Methodist Church and to that end have ordwed 9ospets to give away and have adoptej a number of tsenth￿ ￿ the to sit on to pray and See COn￿rSat[ons opell up. We arE excited that in the 25-26 firtanciJl year we re￿*ve grant funding for 50% of the cost of employing 8 part-time Community Evarwist alkiws us to proceed with recruitment to this role. A number of church mefflber5 are wng to participate in t** Black light course. whith is a Christian tourse looklng at thé black ryese￿e In ￿ &ble thrc1ugt*￿t. diurch" wNth fvrtfter devdop us as an Inlercultural churth. TYMER CHAXSTIAN FELLOWSHIP TRUST IA C¢MPA*Y ummo BY GiIAAAIITEE RtPOAT QF THE OXKECfOR5 ebityS & Prepayments Cash at Bank an# Ih Harwj Stoc# Totsl Cuvvent A*¥ets 14.189 106.289 3.2B2 13.291 1?,471 120.650 15.744 L47,426 156 121 163 170 CTeknv# due rrfbe ytsr 7.539 J3.458 821 21.818 21.060 NET CURAEPn ASSEf5 130.939 3.115 249 134,303 142.110 lis lJ7.02fj 14J&llO CThdlt(bys." In mort th• one year NET ASSETS 249 137,021 14 F￿ftdS olthe Ch4vIty General Funds Funds Aestrirted Fund5 133.662 133.662 3,115 249 137,060 3.B06 k,244 3.115 249 249 137 026 3412 110 Irettors. R4spMslblMUe&' The CDrnpary was ￿t*d $477 OfU￿ Cornpantes 2rx)6 rekntr9 tD sm•1 compafyies. The member5 have not requlred the to obtakn aC￿rdarKe *lth Sth 476 ofthe thDpan*5 Act 2006. ¢¢ur￿¥*j re£ord5 prepara￿0Th of accounts. These aettyjrts have tJeen kwepared in aCCDrdarKe tith tt* appkawe to gnal tornpJnfjÈS subjett ro the 5rn81 Cwi￿nieS reglme In acrordanre with FRS102 SORP. App¥oveO by C*edok5 on the 2025 Slgned on theic behatr prtnt N￿*.. S.BiAritHfLOWER LATYMER ¢IIAISTZAII FeLiOWSHIP TRUST (A COMPANY LIMTTED BY GUAAAMTEE) PIQTES TO T•IE FIHAIICIAL STATEMEPIYS 1t4nt1fiu￿j FOM YME YEAII ÉNDED 31ST MARCH 2025 I. XCOUN71NG POUaE$ B￿18 of PveparJtl•n The fina￿￿1 sratements Iwve beem PfEpared the htstor￿ cost re¢o9n15ed at cost or tsa115•rlhY valk* vA8$5 Q1htr￿se Sttled in tr* notes. The fAiandal stat¢rn￿ts have bew wepared in accDrts)ce w¢h the StaterneDt of Ae¢ommehded PRctke." ACttyJntlDg Reptrtkng by Charl*s prepanNJ t￿r accounts In a(Lw¢ance ￿th the Fthèndal RÈpO￿n9 standard applicable In the UK and Rep￿￿k of I¥dand (FASA02) (effeLtfve i )arNOry 20191- Ichafi1*5 50RP - FR51021 ano Charities Att 2011. The meets the of a bts)efit under FR5XOI. Assets"aTrJ labl￿e5 are rwnfsed ai cost Un￿ other¢415e stated In the rE*vant accounting PDky nott> vl G￿n• Concern Pretrarattsi of the accounts a 9LSrvJ concern b45a¥ Tr UUSW maLerfal untertaknt*s obtyJt t CThatty'5 to eortithue as a ¢￿tern. There hève been no rh4r¥Jes to the pre*w •ccwn R•¢w*ltl•n al Incom¢ These are ThK4uOe4 in the Starement ol {SOFA)'*hen-. . the charty bEc¢rrKs enutled tD the ir*oine.' . * Is rmre Ilkdy than not that ihe tn15tee5 r2tEtwe ￿ ￿rrts. ar . the m￿tt•ry v4ye c•t) be measwed *ith $LorK￿l Fi5 102. Grans 4onatkn5 are IndudEd kn the SOFA tr* 9**rn1 wKome recLwthn osterfa a￿ 15.10 to 5.ia FRS 102 SORPI. Tax RecIa1n￿ on Dvnotlons 61ft Gift Ad reCe￿a￿* ts *thJdeé L5 a ¥abJ dedaratbjn fram the donDr. Any amount r￿D¥e￿d donatiw ts CL>n5kterEd to be part (+ that 9ift affld ts •s ￿ •)thf￿ to the sary* as ￿ inlwl ￿n*%5 the domr or the terrns of the appeal have 5pe¢rf*d otheryi*. Thk5 is ￿dUded in 50FA +*te tt* th*ity ttas wov4leL1 9oods w ser¥Kes or the ￿￿ted coffldrtws. Gifts In Klnd Gtft5 In khd for use by the cWty are lTrJuded kn the S]FA J5 Intome fwom dtsnovons rEte[w•b￿. LBgwcies Legacies •ty knduOe4 SOFA receirrt L% probablE. that ￿. there has grant of probate. tl* exeokns have estsbllthtd there ¥e suffld¥t assets h the t$￿ and •ny )￿d*b)n$ ottathel ¥• tl* *gx¥ are e*her the CDntrol ot th2 charity or hjve bEen met. Gr￿ts The charty ha5 not rectsvtd govtrnrnentgrnnts period. Donatod Ser¥*e$ la¢1￿1￿6 oortated seryices facilit*s we ￿dUdE0 in tr* SOFA at v*e or t*e to the el*rne¢ ifie•me P40 mateTrai lem of 4Jeferoo hès b¢en In¢l￿j • the ￿L￿ts. PFo¥l$lty)s for Ilablll¢l¢s A fiabilty is rneasvred on rewn*w ot its PAstryical then ai the best e5tNx#e of the a￿Unt requlred to 5etVe the obl9atkin at the rEPOrt*wJ Legal oltht clwrity The charty Is a company Ilmfted by yL*artee hlls no 5hwe Ca￿ In thE evert of the th￿ty bdn9 WtsUDd wt the ¥*4*y kn respect of the 9uarantee Ls f&Trte4 to £1 per membEr of ￿ (hkn. 13 LATYMER CHRISTIAN FELLOWSHIP TRUST {A COMPANY LZMITtD BY ￿AllAI￿rEE) IIOTES TO 7NE FIIIAPICIAL sfATEM¢Nfs l¢•thtk¥￿> OR TIIE YÉAR EMDID 31sr •lARtH 1025 Taxatlon The ¢hèrity is tsempt tax M its ch¥h•blè rixed Assets Tanglble flxeo as$ets for vse by c￿, these ￿ Cap1a￿ed Wthev tsn i* used tton we year. and Cost at *ast ÉSOO. They are valved al Costly. ￿ 9rfted. attr* W4￿ to ¢)harity on re£eyt. Depreclatfjon Expenge Depre01t￿lI is cakvLited at 4 r* i• (41 the cost fved assets uth a Aeou¢*wJ Tr4er their esiirn*tsd useful I￿e$. The rates applw per aMLUn a￿ os fokns.. ' GenEral Eiutrment 25% ThEre ha5 been M tha¢* to ttré xcouhtin9 l¥aluaboTh m&tlth ot XCOUW) since lJ5t yBJr. 2. TAIIGI8LE FIXEO ASSEWS Genev•l Re#dtte(I Equpfft 01.Ay.24 4.912 236 2.487 Iso 4,912 7.713 Addit Trnnsf¥5 8et*een Funts 015PgS3 2.487 12.4871 150 31.14w-25 OepTedatk)n Charge Olspos3 DewEciatwn at 01-Aw-24 4.912 4.912 150 150 31-FW-25 Net V¥ue Net B￿k Value 31.Ptar-2S 31-Mar-2 ?23 The ¥nuai urrtler non-¢wu¥￿ caprtal comm*T*nts and tybriient 1Obilies èt 31st Morth 2024 are as foll￿%.. M¢irthty rental payiw)ts of E900 4$ frwn SeFtenthv Z023. The TraNsler 8etsmn Furth ￿ £2.48? showj) represuts assets purd￿￿ fmrn re5trlcted furth. AS the r8Strt¢Jon Y•as lfllled upon pur¢hase, thls enabled the asset to te trènsferved kn unvesbtted gentral hJNts to be for any charttab* purpose. 14 LATYIIER CMIIISTKAII FELLOWSIIIP TRIIST (A ¢O•IPANY UMMD BY GUARA14YeÉ) FOR Tlle Y¢AR EMDEO 31ST IIARCH 2025 3. INCOME FR¢)M: Total 3024115 a) Don•tknÈ & Le9acle5 GKt A￿j DonatKirs Gft Tax Refund Ghls & oifeiin95 46.446 11.679 1S,276 13.130 3.282 59,576 14.961 16.463 53,728 13.911 13.221 1,187 73 b) Oth•rTradln9 Acllvlll•s 18,128 S.911 791 Car P4r* Ftat Renr 24 30 irtere5t 3.682 3.682 2,568 •} Chaiii•ble Actl¥iiles C¢mmunlty Adivit*s Grants Swndry Irwne Galn on dts9o￿l 493 190 6.919 200 1,370 5,710 732 3.437 6.919 1,206 150 150 Iso 15 LATVIIER CHRISW FELLOWSHIP TRUST (A C¢P•PANY UHITED OY GIJARAFITtE) 1407ES TO T•IE FIIIAMCIAL STATE•IEMTS (onlkiwd) FOR TIIE YUR ENDED 31ST MAACH 2025 4. tXPEMDmiRE 014: Total 2023124 FurKF5 Fund5 3014115 Ad¥ertbslny fa PuNklty Community ktivlt*s Dtsci)iesh4) Expen Evangelsrn G￿5 & Dthvtions Postage & srth 215 215 4.668 1.916 133 io,doo 769 io.aoo 67.145 1.155 72 87 6.3?8 3.838 326 10.243 1,266 1.916 133 7.952 769 io.efjo 49.838 1.155 841 1,607 Rent 5tsff Costs Sundry Expense5 Cosis Tr•ining Costs Wewte & IT Costs 16.4J2 895 74.266 46L 860 502 2.195 12 344 io 3,410 101 027 b) IlJlslng Funds ￿￿1￿11n9 Repai￿ & Makttnan Centrt Fl8t clEa￿ng ts ltygleDe Costs Coundl Tax Equlk4meni 1,789 275 9,919 359 213 3.463 1.812 46L 8,488 466 Gas e05t5 Lass on dlspwl Rent Sundry FUnd￿Ing Costs Water Co*s 672 Independent Examl*ws Fre Irtstyrance Costs Le9al & PrDFesslonat Fees lind bwkkeep* fee51 ' 1.7YO 513 5.414 1.770 513 5,414 1.770 573 6.963 16 LATYIIER CIIRIMAM FELLQWSMIP TRUST (A COMPANY LIMITEO BY GUARANItE> 140TES TO TIIF FINANUAL SfATfMElffS (¢onllnu•d) FOA ThE YEAR EIIDEO 315r MARCH 2025 ItESTRicfED FUIID5 Ops. PAKClfjty.U¥h￿ Life urth - Crisi$ Church . CoffjrMJnty Frojwjatronl Church . L￿don Commun*y FouThJathn Church - Trènsfrn Europe Weiwork ITEN) To1￿1 Twinnffi9 Mattsoh 5￿k￿l￿j. Cr*npuler W P￿At 13,433} 125} (750} 16921 (810} 25 7SO 915 (1401 223 2.50Y {22} (560) (182) {￿1 {2.4871 Intematlon81 Justyce Mtssto NK￿ Cornmu￿ Flerr*5 182 487 249 014pr-23 Ops. R6KCIC*y Ufe Jrch- CrtsL5 Chyrrh- Communlty Splrlt [K&C FwfyJ•yonl Church. Lonth Commvthrty Churth.Westway Tr￿t Church- Transfm Europe flett¥ort ITENI (BT Donatel Tol*t Twinntr 1,440 19971 (3691 (1.0001 1585) 11.270) 179)) (Jl5) 44] 915 1.270 650 114Ql 315 41 PurpDse ol Cty LNing Local Lwe - for coach aTrJ Fdendshw 14aal Crfsis - fvnds ralsed forwardeé to Crt415 homekn Ken*wn and Chdseè Fo¥twJat*• - fuhthN4 for CtyMmvn*¥ Trknps Coremony London CommuDIty F•undaitrJn - Farnlly out¥￿5 a panr(#))kn)e. wlth £223 Girrled over for kncal youw people In the 25-26 fir￿nC￿l year Ttansform ELw¢pe Networt - SWPOrtm9 • co*ge stLtht in Aknania 1112 and 9JkVYbry a couple IEathg è {112 yearl Tol￿t Twinnihg = l¢r ￿1￿lift9 to•Ets in arEJs kn1th<￿ prw t¢let l*lit*S MarusoTh ScalFokllng - fvndin9 for ne* L)ptops and phtyr* Irty)) a ￿Cal %aNoioiTh9 Funeral$ 47 people fvom makin9 ts)ntdtyutJons icward5 ihe coas ol anOt￿r(￿j￿ member Internatbnal Jusy¢È Mission 5pxWI ts)l*tioft the £hurth fur IJM the annual Freedom Sund North KenS￿￿t0￿ c4￿m￿￿ Emryy - luNIkn9 (mrn a f¢r u* Commw*y Hetws A¥J•rds Ceremty frans1*￿ tse￿￿e•n fvndB The rAnsfer be￿een funds In 24115 wresents Axed assets p¥rtha5pd frpm rntric￿ fund5. AS the rE5rrktbn was ftJlSled upon pur¢base, this enab*d tt* asset to be trarthrred to UrrfEstr1￿ 9tr*rnl lunds to be used (Dr Ymy purpose. 31-Ma¥-25 31-Mar-24 Cash at Bank 249 249 18 LATYMEA CHA15fiAW FELLOWSHIP TRiiSY (a COMPAIIY UMITED 8Y GUAR*FITEEI FQR T>IE YEAR ENDED 31ST MARCH 2025 S. DESIGX*TED Fulffl CUAPEIIT FIPIAI•CIAL YEAR ••l•n¢e 8ulldlThg Ewlprnert 1.965 16.412 116.4J21 18411 IO* Fund Walk ThrDU9h The PAbb2 150 Aso PRMOUS PINANCUL YEAR . bzl•nce 014pTr2J •al•n¢* 31-l•ar-24. Churth &Jldin9sIOps 8uldln4 Eguipmenr Eden (44.353) 24.905 3.437 450 14.042 7.9SO 130.9461 (4721 50.394 2,965 955 (14.0921 19.0841 IO% Fund 1.97S Ctrurch euY6itys= we vacated the buadir4 on 31st I￿9￿# 2023 at thLs xcounl tms fflwged wth wernl C￿rth fund Le¥deFS SoWes- to track fvfvjs speoftawy tor IEaders sa￿lIeS Eden now mer9ed with unrestricieo fvr￿s IO* Fund- to ensvrt that 10% of ¥1 **ome L¢ 9￿¢0 to rfher ¢Mtshle the iatymer Felkiwshw Tntst Walk Ihrou9h the elble - dcwi¥)n from an iThthfwJual to PEOP￿ to attthd the w•lk Throv9h Ihe Blbk Mew Te5tsmEnt L*ent the thur FOA ThÈ YEAR EWIDED 31ST MARCN 2025 7. CASH AT •A14K AND IN HAIID 3144ar•15 General Att•un￿. Curfent S,837 59.757 23.700 29.437 273 6,$41 1,43B 22,6S7 28,711 Ftxed Ratt kcourt 111 FrKed Raie Dewsit AC(•yrt 12) Cash in Hand Eden Current Church 8ulldlngs: Cwrent 6,195 147 425 8. DE•TORS ANO PAfPAYIIE•ITS 31-Nar•25 3144aTr24 sundry Debtor5 HMAC SNP/SPP R4co¥qrablE Gfft Tax Recovetabk 1,743 14.IXII 14.962 g. CREofTORS. AMOUMTS FALUIIG OVE I￿rNI14 ONE YEAR S1-P•arv24 Independent Examlneys Fee A££rued Salary Pensth Costs Oiher Accruals Sun¢Yry Ordtys 1.770 1,678 Is. 2.701 1.770 1.566 15.669 I￿55 10. srAFF cosrs ANO NUM#e 2024125 2Q231 Gross Wages and so￿r*s edtsndanq Costs Ernployer's Nation¥ IngJraTrce Costs Èmploytrs ￿10¥￿¥#￿* PensloTr Contrfbvtyon5 SNPISPP Reco¥ernd Staff 085 (hecks 69,729 70,951 1,792 5.635 6.121 (s.￿) 3.052 (6.949) 192 2.457 (1,743) 171 The Charity operates a PAYe srheme to pay al enpSyfftJ of 5raff ￿ DD rf•ved emdumentsof trrtr £60.000 12023124= None). 19 LATYMU¢ CMRWIAII FtLiI)WSHIP TRUST la COMPANY UMITED ay GUARAIITEE) 140TES TO THE FIIINI•CIAi STATEIIEITWS Ic4TrtInu￿j FOA THE YEAR ENDED 31ST I•ARCH 2025 lty $7A•F COSTS"AIIO IIUMBEftS (rontknuedl Avernge ￿n￿er ol ￿PtyeS irt eath rflhe th￿e$.. 2111412S 202JIZ4 2.83 3.41 1*3 3.41 The Chwth had 3 efflsknees •t start oftht pts%é av*1 2 empb)yetS* the ￿ •f the p•*>J. The key rnznJuernent per5onn¥ ￿ the tharrty ctyN?rise tFe T￿rtee5 and Senh)r marW)￿nE Team. fio Tw5tees reoNed reMunÈrat￿Tr. Th• total employee benefits (iTrJuding empbyer natw¥ ￿￿ranCe ￿p10¥*r pefisK)n contrl>utKJns) of thè kev management Pe￿[￿￿141th8 thaT* ¥Ar* £4S.425 {2023124". £45.9131. IA. RECO*aUAnoN OF •lO¥tflENT ON cApifAL AIID The Comwny ￿arantee 1076S06181 and ts a req15tered wih the Chtth 111424201 does not have a Share taptsi has •0 intome subiertto CtyptyatK)n Ta 202412$ 23124 Profit / Defkf( finarK5lll year other Recognised G&kn5 15.0841 {18.926) 142,110 A61,036 ￿Jr￿S at 31st March 292WJig I4￿h ZOZ4 137 026 J42 110 12. PAY•IENlS ro ty14EcfoRS AIID RELATED IIARTXES No payM￿ts v4er2 made to dwectors or any connected th*ii. other if*n ￿m￿J￿¢ments for purchases made on benaw ol ihe Charity. NQ rnatrrial transactthi look place be￿e￿ Ctr￿rity and a Dr person connerttd with the 12023124.. t4ont.) 13. IIISK ASSESSMEN7 The Dlrector4 att￿elY revlew the ma&Jr *ffikh tre tharity facts OD è b•sis and beneve th•t the Iree tEserve5 Ststed combAied annual revlew of contrDt5 over key 5yStern5 carrfed tyjt on an an•Lo1 basL* ¥YUI orov#le sufficieot rtsource5 Ml tts eveni ￿ •dve¢se tonditions. The dirertors also exaftNThed othEf OPErabDnal bu5ines5 rf5ks whKh tly face confirm thot have e5WJ￿ShFd systtyn5 14 fTMt¥ate the Ktsks. 14. RESERV¢S POLICY Th¢ Dlr¢a4y5 ho¥e cons￿¢￿ rhe ol