REGISTERED CHARITY NUMBER: 1144463
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2023
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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 May 2023. 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:
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God, the Father Almighty, creator of heaven and earth.
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Jesus Christ, His only son, our Lord.
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Jesus Christ was conceived by the power of the Holy Spirit and born of the Virgin Mary.
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Jesus Christ suffered under Pontius Pilate, was crucified, died and was buried.
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Jesus Christ descended to the dead and on the third day he rose again.
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Jesus Christ ascended into heaven and is seated at the right hand of the Father.
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Jesus Christ will come again to judge the living and the dead.
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The Holy Spirit.
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The Holy Catholic Church, the communion of saints.
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The forgiveness of sins.
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The resurrection of the body.
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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:
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The Visionary Leader of the FreshFire Network is paid for his services to complete 25 hours of work per week..
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The Restoration Centre Leader is paid for 20 hours per week.
The charity has also employed another 5 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 charity are essentially filled by volunteers without whom the charity could not function.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
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 churches. We do this through connecting with the local people and developing various departments such as activities for children, teenagers and young adults, as well as weekly "Connect" groups suitable for all ages from 13 years old and training, mentoring and development services.
We currently have our FreshFire Church Campus and Charity Head Quarter in Greater Manchester, UK. The campus has a congregation of 100 people and the charity is also linked with an independent FreshFire Church in Kathmandu, Nepal which has 2 churches based in the city and an orphanage which currently houses 8 children and 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. We also offer financial support to the church leaders and the UK Papas House team fundraises in order to support the work of the orphanage.
Restoration Centre is our healing and deliverance ministry which is committed to seeing people restored to their God given identity and purpose through the life changing power of the Father's Love.
Page 1
FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2023
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' salary costs plus overheads at any one time. This would cover the charity in the event of unforeseen expenditure.
During this year, reserves have dropped below the target levels and since the end of this financial year, the trustees have been implementing changes to reduce costs and raise additional reserve funds from within the church congregation.
FUTURE PLANS
We are currently looking at expanding the network launching further churches and restoration centres around the UK. In order to do this we are planning on moving our headquarters and Stockport Campus into a larger property 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.
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.
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
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FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2023
REFERENCE AND ADMINISTRATIVE DETAILS
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 ............................................... and signed on its behalf by:
........................................................................ 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 2023.
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
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:
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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
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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
Date: .............................................
Page 4
FreshFire Trust
Statement of Financial Activities
for the Year Ended 31 May 2023
| Unrestricted INCOME AND ENDOWMENTS FROM Notes fund £ Donations and legacies 119,470 Other trading activities 2 6,291 Investment income 3 18 Total 125,779 EXPENDITURE ON Raising funds 393 Charitable activities Mission 153,335 Total 153,728 NET INCOME/(EXPENDITURE) (27,949) Transfers between funds 10 - Net movement in funds (27,949) RECONCILIATION OF FUNDS Total funds brought forward 30,257 TOTAL FUNDS CARRIED FORWARD 2,308 |
Restricted fund £ 56,874 520 - 57,394 21 55,359 55,380 2,014 - 2,014 2,878 4,892 |
31.5.23 Total 31.5.22 Total funds £ funds £ 176,344 123,094 6,811 8,826 18 8 183,173 131,928 414 1,085 208,694 248,720 209,108 249,805 (25,935) (117,877) - - (25,935) (117,877) 33,135 151,012 7,200 33,135 |
|---|---|---|
The notes form part of these financial statements
Page 5
FreshFire Trust
| Balance Sheet 31 May 2023 Unrestricted Notes fund £ FIXED ASSETS Tangible assets 7 2,574 CURRENT ASSETS Debtors 8 3,313 Prepayments and accrued income 1,374 Cash at bank - 4,687 CREDITORS Amounts falling due within one year 9 (4,953) NET CURRENT ASSETS (266) TOTAL ASSETS LESS CURRENT LIABILITIES 2,308 NET ASSETS 2,308 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - 4,892 4,892 - 4,892 4,892 4,892 |
31.5.23 Total funds £ 2,574 3,313 1,374 4,892 9,579 (4,953) 4,626 7,200 7,200 2,308 4,892 7,200 |
31.5.22 Total funds £ 5,302 21,007 - 13,211 34,218 (6,385) 27,833 33,135 33,135 30,257 2,878 33,135 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on
. ............................................ and were signed on its behalf by:
............................................. 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 2023
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
2. OTHER TRADING ACTIVITIES
----- Start of picture text -----
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|---|---|---|
|31.5.23|31.5.22|
|£|£|
|Sale of resources|6,811|8,826|
|3.|INVESTMENT INCOME|
|31.5.23|31.5.22|
|£|£|
|Bank interest received|18|8|
|4.|TRUSTEES' REMUNERATION AND BENEFITS|
|31.5.23|31.5.22|
|£|£|
|Trustees' salaries|10,054|10,448|
|Trustees' pension contributions to money purchase schemes|80 118|
|10,134|10,566|
----- 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 2023 nor for the year ended 31 May 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|31.5.23|31.5.22|
|Outreach|6|6|
----- 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 (2022: £960).
continued...
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
7. TANGIBLE FIXED ASSETS
| COST At 1 June 2022 and 31 May 2023 DEPRECIATION At 1 June 2022 Charge for year At 31 May 2023 NET BOOK VALUE At 31 May 2023 At 31 May 2022 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Amount owed to restricted funds Other creditors 10. MOVEMENT IN FUNDS Net movement Unrestricted funds At 1.6.22 £ in funds £ General fund 30,257 (27,949) Restricted funds Papa’s House fund Sacred Space building fund 2,878 - (1,181) 3,195 TOTAL FUNDS 33,135 (25,935) |
31.5.23 £ 3,313 31.5.23 £ 1,793 - 1,850 1,310 4,953 Transfers between funds £ - - - - |
Computer equipment £ 23,803 18,501 2,728 21,229 2,574 5,302 31.5.22 £ 21,007 31.5.22 £ 3,261 318 - 2,806 6,385 At 31.5.23 £ 2,308 1,697 3,195 7,200 |
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continued...
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 125,779 Restricted funds Papa’s House fund Sacred Space building fund 27,736 29,658 TOTAL FUNDS 183,173 Comparatives for movement in funds At 1.6.21 £ Unrestricted funds General fund 141,813 Restricted funds Papa’s House fund 9,199 TOTAL FUNDS 151,012 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 111,236 Restricted funds Papa’s House fund 20,692 TOTAL FUNDS 131,928 |
Incoming resources £ 125,779 27,736 29,658 183,173 |
Resources expended £ Movement in funds £ (153,728) (27,949) (28,917) (26,463) (1,181) 3,195 (209,108) (25,935) Net movement At in funds £ 31.5.22 £ (111,556) 30,257 (6,321) 2,878 (117,877) 33,135 Resources expended £ Movement in funds £ (222,792) (111,556) (27,013) (6,321) (249,805) (117,877) |
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continued...
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2022
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 Papa’s House fund Sacred Space building fund TOTAL FUNDS |
At 1.6.21 £ 141,813 9,199 - 151,012 |
Net movement Transfers between At in funds funds 31.5.23 £ £ £ (138,805) (700) 2,308 (8,202) 3,195 700 - 1,697 3,195 (143,812) - 7,200 |
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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 Papa’s House fund Sacred Space building fund TOTAL FUNDS |
Incoming resources £ 237,015 48,428 29,658 315,101 |
Resources expended £ Movement in funds £ (375,820) (138,805) (56,630) (26,463) (8,202) 3,195 (458,913) (143,812) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
During the period, the related party transactions were as stated below:
The charity paid amounts totalling £47,414 to Glorybound Ltd, a company in which Adam Graves (husband of trustee Rachel Graves) is the sole director and shareholder. The payments were in respect of ministry services and travel expenses. In the prior year, ministry related payments totalling £51,796 were paid to Adam Graves directly on a self-employed basis.
Leona Osondu, a trustee of the charity, received gross wages of £10,054 (2022: £10,448) and employer pension contributions of £80 (2022: £118) in her role as UK co-ordinator of Papa's House (the Nepalese orphanage that the charity supports).
Beylai Tan Panza, a trustee of the charity, received a £500 birthday gift from the charity.
The charity provided funds, in the form of a loan, of £26,463 to FFT Trading Limited, a company in which trustees Rachel Graves and Joanne Elliott are the directors. There is an intended trust relationship whereby the directors should act on the direction of the trustees of this charity. These funds were made available from the charity’s ‘Sacred Space’ building fund to contribute to the costs of new leased premises and the associated refurbishment works. This loan has been fully impaired as at 31 May 2023 on the basis that FFT Trading Limited is experiencing difficulties with the lease.
There are no other related party transactions which require disclosure in the accounts.
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FreshFire Trust
Detailed Statement of Financial Activities
for the Year Ended 31 May 2023
| Detailed Statement of Financial Activities for the Year Ended 31 May 2023 |
||
|---|---|---|
| 31.5.23 | 31.5.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Tithes and offerings | 80,417 | 71,145 |
| Donations | 76,426 | 30,942 |
| Gift aid | 19,501 | 21,007 |
| Other trading activities | 176,344 | 123,094 |
| Other income | 6,811 | 8,826 |
| Investment income | ||
| Bank interest received | 18 | 8 |
| Total incoming resources | 183,173 | 131,928 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | 414 |
1,085 |
| Charitable activities | ||
| Trustees' salaries | 10,054 | 10,448 |
| Trustees' pension contributions | 80 | 118 |
| Wages | 30,803 | 41,650 |
| Pensions | 47 | 151 |
| Hire of plant and machinery | 613 | 748 |
| Rent | 12,149 | 44,014 |
| Insurance | 874 | 844 |
| Rates and water | 676 | - |
| Telephone | 438 | 403 |
| Advertising | 1,710 | 2,722 |
| Freelance consultants | 63,328 | 72,384 |
| IT maintenance | 5,199 | 8,023 |
| Outreach and sponsorship | 14,193 | 5,906 |
| Travel and subsistence | 1,858 | 14,210 |
| Worship | 249 | 448 |
| Conferences and training | 4,148 | 7,561 |
| Hospitality | 64 | 473 |
| Visiting minister honorariums | 967 | 4,138 |
| Office running costs | 2,134 | 2,475 |
| Depreciation of tangible fixed assets | 2,728 | 3,316 |
| Impairment of loan | 26,463 | - |
| Grants to institutions | 27,295 | 25,471 |
| 206,484 | 245,503 | |
| Support costs | ||
| Finance | ||
| Bank charges | 1,363 | 639 |
This page does not form part of the statutory financial statements
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FreshFire Trust
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 May 2023 | ||
| 31.5.23 | 31.5.22 | |
| £ | £ | |
| Finance | ||
| Governance costs | ||
| Accountancy and legal fees | 1,261 | 2,578 |
| Total resources expended | 209,108 | 249,805 |
| Net (expenditure)/income | (25,935) | (117,877) |
This page does not form part of the statutory financial statements
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