**REGISTERED CHARITY NUMBER: 1144463**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2021
for
FreshFire Trust
Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
FreshFire Trust
Contents of the Financial Statements for the Year Ended 31 May 2021
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|3|
|Independent Examiner's Report||4||
|Statement of Financial Activities||5||
|Balance Sheet||6||
|Notes to the Financial Statements|7|to|11|
|Detailed Statement of Financial Activities|12|to|13|
FreshFire Trust
Report of the Trustees
for the Year Ended 31 May 2021
The trustees present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are to advance the Christian faith for the benefit of the public in accordance with the doctrines outlined in the Apostle's Creed, that is belief in/of/that:
- God, the Father Almighty, creator of heaven and earth.
- Jesus Christ, His only son, our Lord.
- Jesus Christ was conceived by the power of the Holy Spirit and born of the Virgin Mary.
- Jesus Christ suffered under Pontius Pilate, was crucified, died and was buried.
- Jesus Christ descended to the dead and on the third day he rose again.
- Jesus Christ ascended into heaven and is seated at the right hand of the Father.
- Jesus Christ will come again to judge the living and the dead.
- The Holy Spirit.
- The Holy Catholic Church, the communion of saints.
- The forgiveness of sins.
- The resurrection of the body.
- Life everlasting.
## **Public benefit**
Throughout the year the trustees have paid due regard to the Charity Commission's guidance on public benefit and, in particular, the specific guidance provided to charities for the advancement of religion.
The trustees are satisfied that the information provided in the report and accounts meets the public benefit reporting requirements.
## **Staff and Volunteers**
During this year the charity paid for the services of three people on a freelance basis:
- The Senior Leader of the FreshFire Network is paid for his services and is expected to complete 25 hours per week.. - The Restoration Centre Leader is paid for 20 hours per week.
- The media specialist is paid for 8 hours per week.
The charity also employs a further five staff members on part-time contracts to complete various duties to deliver the day to day operations of the charity.
All other areas of the church/charity are essentially filled by volunteers without whom the charity could not function.
Page 1
FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2021
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity has had a successful year. Throughout the COVID-19 pandemic we have continued to support all our church congregation members where needed through sickness and financial hardship and continued to employ all of our staff, who for a time worked remotely until they could return back to the offices. We relocated our offices from the headquarters building in Reddish into a new venue in Stockport where all our charitable business has been conducted during this year.
FreshFire has also continued to offer services through our leadership schools as well as counselling services through the Restoration Centre. These have both added to the revenue already brought in by the church.
FreshFire Church is a vibrant community of people that is socially and ethnically diverse, and aims to be actively involved in the local communities of all current and future church plants. We do this through connecting with the local people from each area by providing kids clubs and weekly connect groups for adults.
We currently have our FreshFire Church campus in Greater Manchester, UK. This takes place in a school in Reddish which is close to the charity's office and has a congregation size of 100. The charity is also linked to an independent FreshFire Church in Kathmandu, Nepal which has two campuses placed in the city and an orphanage which currently houses eight young children and has plans to house more in the near future. We support the church by sending our UK team to Kathmandu to provide teaching and training to their leadership teams and we offer financial support to the church leaders and the UK Papa's House team fundraises in order to support the work of the orphanage.
We have also launched our Restoration Centre which is a spiritual healing and deliverance ministry committed to seeing people restored to their God given identity and purpose through the life-changing power of the Father's love. This is a resource for the wider body of Christ and seeks to bring our fallen soldiers back to full health before restoring them to their call.
## **FINANCIAL REVIEW**
## **Financial position**
The results of the charity for the year are set out in the attached financial statements.
## **Reserves policy**
The charity aims to hold reserves equivalent to three months' of operational costs at any one time. This would cover the charity in the event of unforeseen expenditure.
## **FUTURE PLANS**
We are currently looking at expanding the network by planting further Campuses around Greater Manchester. In order to do this we have moved from our Stockport Campus building in Reddish and are currently looking for a larger and more suitable venue which can house the headquarters' offices along with the Stockport Campus congregation. We are also looking to plant further churches and Restoration Centres around the UK and other nations in the near future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The trustees, as named within this report, have served throughout the period, except those who have been appointed or ceased to act as trustees during the current year as indicated.
New trustees are chosen by invitation in order that the charity may have representation from a wide range of agencies. We match our skill requirements with knowledge and experience and where there are gaps we offer appropriate training.
## **Organisational structure**
The trustees make strategic decisions based on the financial position of the charity, however they do not carry out the routine day to day management of the churches or other ministries.
Page 2
FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2021
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees**
There are informal policies and procedures for the induction and training of new trustees. All of our trustees are inducted according to individual requirements.
A copy of the charity's trust deed is supplied along with the charity's policies and procedures and copies of recent board meeting minutes and accounts. Individual trustee's roles/responsibilities are negotiated with all the trustees so that their roles complement each other.
## **Risk management**
The executive team conducts an on-going review of major risks as part of its regular monitoring and reporting. Internal risks are minimised by the implementation of procedures in regard to good practice child protection policies, fire safety and health and safety inspections where the Charity's activities operate. Financial risks are minimised by the implementation of procedures for the authorisation of all transactions by the team and reviews on a regular basis.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1144463
## **Principal address**
1st Floor, 107 Lees Road Oldham OL4 1JW
## **Trustees**
R Graves B Tan Panza J Elliott ACA FMAAT M J Elliott L M Osondu
## **Independent Examiner**
Gracian Daniel-Sam ACA Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
Approved by order of the board of trustees on 29 March 2022 and signed on its behalf by:
Rachel Graves (Mar 29, 2022 21:48 GMT+1)
R Graves - Trustee
Page 3
Independent Examiner's Report to the Trustees of FreshFire Trust
## **Independent examiner's report to the trustees of FreshFire Trust**
I report to the charity trustees on my examination of the accounts of FreshFire Trust (the Trust) for the year ended 31 May 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust 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 form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I 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.
Gracian Daniel-Sam ACA Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
29 March 2022
Page 4
FreshFire Trust
Statement of Financial Activities for the Year Ended 31 May 2021
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
249,449
Other trading activities
2
10,437
Investment income
3
5
**Total**
259,891
**EXPENDITURE ON**
**Charitable activities**
Mission
152,056
**NET INCOME**
107,835
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
33,978
**TOTAL FUNDS CARRIED FORWARD**
141,813|Restricted
fund
£
31,169
524
-
31,693
26,264
5,429
3,770
9,199|31.5.21
Total
funds
£
280,618
10,961
5
291,584
178,320
113,264
37,748
151,012|31.5.20
Total
funds
£
191,295
3,010
6
194,311
178,813
15,498
22,250
37,748|
|---|---|---|---|
The notes form part of these financial statements
Page 5
FreshFire Trust
## Balance Sheet
## 31 May 2021
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
8,618
**CURRENT ASSETS**
Debtors
8
5,000
Prepayments and accrued income
31,667
Cash at bank
109,577
146,244
**CREDITORS**
Amounts falling due within one year
9
(13,049)
**NET CURRENT ASSETS**
133,195
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
141,813
**NET ASSETS**
141,813
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
9,199
9,199
-
9,199
9,199
9,199|31.5.21
Total
funds
£
8,618
5,000
31,667
118,776
155,443
(13,049)
142,394
151,012
151,012
141,813
9,199
151,012|31.5.20
Total
funds
£
5,290
1,965
-
31,517
33,482
(1,024)
32,458
37,748
37,748
33,978
3,770
37,748|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 March 2022 and were signed on its behalf by:
Rachel Graves (Mar 29, 2022 21:48 GMT+1)
R Graves - Trustee
J Elliott ACA FMAAT - Trustee
The notes form part of these financial statements
Page 6
FreshFire Trust
Notes to the Financial Statements
for the Year Ended 31 May 2021
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 7
FreshFire Trust
Notes to the Financial Statements - continued
for the Year Ended 31 May 2021
## **2. OTHER TRADING ACTIVITIES**
**----- Start of picture text -----**
||||
|---|---|---|
|31.5.21|31.5.20|
|£|£|
|Other income|10,961|3,010|
|3.|INVESTMENT INCOME|
|31.5.21|31.5.20|
|£|£|
|Bank interest received|5|6|
|4.|TRUSTEES' REMUNERATION AND BENEFITS|
|31.5.21|31.5.20|
|£|£|
|Trustees' salaries|7,800|7,200|
**----- End of picture text -----**
The above remuneration is in respect of Leona Osondu in her role as UK co-ordinator of Papa's House and not in her role as a trustee.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
**----- Start of picture text -----**
||||
|---|---|---|
|31.5.21|31.5.20|
|Outreach|5|1|
**----- End of picture text -----**
No employees received emoluments in excess of £60,000.
## **6. INDEPENDENT EXAMINER'S REMUNERATION**
The amount payable to the Independent Examiner for carrying out the independent examination of the accounts is £960 (2020: £960).
continued...
Page 8
FreshFire Trust
Notes to the Financial Statements - continued
for the Year Ended 31 May 2021
## **7. TANGIBLE FIXED ASSETS**
|**COST**
At 1 June 2020
Additions
At 31 May 2021
**DEPRECIATION**
At 1 June 2020
Charge for year
At 31 May 2021
**NET BOOK VALUE**
At 31 May 2021
At 31 May 2020
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
Other creditors
**10.**
**MOVEMENT IN FUNDS**
At 1.6.20
£
**Unrestricted funds**
General fund
33,978
**Restricted funds**
Restricted fund
3,770
**TOTAL FUNDS**
37,748|31.5.21
£
5,000
31.5.21
£
2,475
52
10,522
13,049
Net
movement
in funds
£
107,835
5,429
113,264|Computer
equipment
£
18,377
5,426
23,803
13,087
2,098
15,185
8,618
5,290
31.5.20
£
1,965
31.5.20
£
64
-
960
1,024
At
31.5.21
£
141,813
9,199
151,012|
|---|---|---|
continued...
Page 9
FreshFire Trust
Notes to the Financial Statements - continued
## for the Year Ended 31 May 2021
## **10. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
259,891
**Restricted funds**
Restricted fund
31,693
**TOTAL FUNDS**
291,584
**Comparatives for movement in funds**
Net
movement
At 1.6.19
in funds
£
£
**Unrestricted funds**
General fund
26,220
15,617
**Restricted funds**
Restricted fund
(3,970)
(119)
**TOTAL FUNDS**
22,250
15,498
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
165,747
**Restricted funds**
Restricted fund
28,564
**TOTAL FUNDS**
194,311|Resources
Movement
expended
in funds
£
£
(152,056)
107,835
(26,264)
5,429
(178,320)
113,264
Transfers
between
At
funds
31.5.20
£
£
(7,859)
33,978
7,859
3,770
-
37,748
Resources
Movement
expended
in funds
£
£
(150,130)
15,617
(28,683)
(119)
(178,813)
15,498|
|---|---|
continued...
Page 10
FreshFire Trust
Notes to the Financial Statements - continued
for the Year Ended 31 May 2021
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.6.19
£
26,220
(3,970)
22,250|Net
movement
in funds
£
123,452
5,310
128,762|Transfers
between
funds
£
(7,859)
7,859
-|At
31.5.21
£
141,813
9,199
151,012|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
425,638
60,257
485,895|Resources
Movemen
expended
in funds
£
£
(302,186)
123,452
(54,947)
5,310
(357,133)
128,762|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
During the period, the related party transactions were as stated below:
Adam Graves, husband of Rachel Graves, received ministry related payments totalling £45,280 (2020: £49,452) on a self-employed basis.
Leona Osondu, a trustee of the charity, received gross wages of £7,800 (2020: £7,200) in her role as UK co-ordinator of Papa's House (the Nepalese orphanage that the charity supports).
There are no other related party transactions which require disclosure in the accounts.
Page 11
FreshFire Trust
Detailed Statement of Financial Activities for the Year Ended 31 May 2021
|Detailed Statement of Financial Activities
for the Year Ended 31 May 2021|||
|---|---|---|
||31.5.21|31.5.20|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|121,221|120,218|
|Donations|129,358|40,583|
|Gift aid|30,039|13,069|
|Conference income|-|17,425|
|**Other trading activities**|280,618|191,295|
|Other income|10,961|3,010|
|**Investment income**|||
|Bank interest received|5|6|
|**Total incoming resources**|291,584|194,311|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Trustees' salaries|7,800|7,200|
|Wages|4,570|3,970|
|Hire of plant and machinery|446|1,373|
|Rent|16,959|12,846|
|Rates and water|-|1,775|
|Insurance|829|702|
|Light and heat|162|2,601|
|Telephone|435|913|
|Postage and stationery|-|485|
|Advertising|2,764|3,983|
|Repairs and renewals|-|1,727|
|Freelance consultants|81,978|63,500|
|IT maintenance|6,529|3,109|
|Outreach and sponsorship|6,236|2,655|
|Travel and subsistence|12,695|8,386|
|Worship|2,590|13,612|
|Conferences and training|2,721|17,840|
|Hospitality|193|4,380|
|Visiting minister honorariums|2,942|6,500|
|Office running costs|1,978|969|
|Depreciation|2,099|1,960|
|Grants to institutions|20,855|14,194|
||174,781|174,680|
|**Support costs**|||
|**Finance**|||
|Bank charges|299|67|
This page does not form part of the statutory financial statements
Page 12
FreshFire Trust
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 May 2021|||
||31.5.21|31.5.20|
||£|£|
|**Finance**|||
|**Governance costs**|||
|Accountancy and legal fees|3,240|4,066|
|Total resources expended|178,320|178,813|
|**Net income**|113,264|15,498|
||||
This page does not form part of the statutory financial statements
Page 13