REGISTERED CHARITY NUMBER: 1144463
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2024
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 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2024
The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. 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
Our main objective is to advance the Christian faith for the benefit of the public, adhering closely to the doctrines outlined in the Apostle’s Creed, which encompasses belief in:
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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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The conception of Jesus Christ by the Holy Spirit and His birth from the Virgin Mary.
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The suffering, crucifixion, death, burial, and resurrection of Jesus.
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The ascension of Jesus to heaven and His return to judge the living and the dead.
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The Holy Spirit.
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The Holy Catholic Church, communion of saints.
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The forgiveness of sins.
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The resurrection of the body and life everlasting.
Public benefit
Throughout the year, trustees have carefully observed the Charities Commission’s guidance on Public Benefit, particularly for charities focused on advancing religious beliefs.
Staff and Volunteers
During this year, two individuals were contracted on a freelance basis: the Visionary Leader of FreshFire Network, working 25 hours/week, and the Restoration Centre Leader, working 20 hours/week.
Additionally, we employ four part-time staff members to manage various duties essential for the day-to-day operations of the Trust. The majority of the church and charity functions are supported by dedicated volunteers, without whom our efforts would not be possible.
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FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
FreshFire has consistently provided services through our leadership schools and the Restoration Centre, which serves as a spiritual healing and deliverance ministry. Our mission is to help individuals rediscover their God-given identity and purpose through the transformative embrace of the Father’s love. As a significant resource for the wider body of Christ, we aim to restore those who have fallen, empowering them to fulfil their calling.
FreshFire Church is a vibrant, socially and ethnically diverse community actively engaged in the local areas surrounding our church plants. By connecting with local residents, we provide children's clubs and weekly adult connect groups to foster community involvement. Our FreshFire Church campus is located in Greater Manchester, UK, with services taking place at a school in Heaton Chapel, Stockport, attracting a congregation of around 100.
Additionally, we are linked to an independent FreshFire Church in Kathmandu, Nepal, which features two campuses and an orphanage currently housing eight children, with aspirations to support more in the future. Our UK team travels to Kathmandu to provide teaching and training to their leadership teams while our Papa’s House team engages in fundraising efforts to support the orphanage.
We also continue to expand our work through the Restoration Centre, focused on spiritual healing and deliverance, with a commitment to restoring individuals to their calling through the love of the Father.
FINANCIAL REVIEW
Financial position
The charity’s financial outcomes for the year are detailed in the attached financial statements.
Reserves policy
Our charity aims to maintain reserves equivalent to three months of salary costs plus overheads to safeguard against unforeseen expenses.
FUTURE PLANS
We are excited about expanding our network by developing new campuses across Greater Manchester. Our search is ongoing for larger, more suitable venues that can house our headquarters along with the Stockport Campus congregation.
We are also looking to establish more churches and Restoration Centres in the UK and potentially in 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 listed below have diligently served throughout this period, with updates noting those who have joined or exited as trustees during the current year. New Trustees are selected by invitation, ensuring our charity reflects a diverse range of backgrounds and expertise. We align trustee skill sets with the knowledge and experience needed, and when gaps are identified, we offer tailored training to bridge those areas.
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FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The trustees engage in strategic decision-making based on the charity’s financial standing, though they do not manage the day-to-day operations of the churches or other ministries.
Induction and training of new trustees
We have informal yet effective policies and procedures for the induction and training of trustees. Each of our trustees receives a personalised induction based on their individual needs. This includes providing a copy of the Charity's Trust Deed, our policies and procedures, and recent minutes from board meetings, along with financial accounts. The roles and responsibilities for each trustee are collaboratively negotiated to ensure their contributions complement one another effectively.
Risk management
The executive team conducts continuous reviews of major risks as part of their routine monitoring and reporting.
Internal risks are mitigated through practices in child protection policies, fire safety, and health and safety inspections wherever the Charity operates.
Financial risks are minimised by implementing procedures for authorising all transactions and conducting regular reviews.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1144463
Principal address
First Floor, 107 Lees Road Oldham OL4 1JW
Trustees
Mrs R Graves B Tan Panza Mrs J Elliott ACA FMAAT M J Elliott Mrs L M Osondu
Independent Examiner
Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
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FreshFire Trust
Report of the Trustees for the Year Ended 31 May 2024
Mar 28, 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Mrs R Graves - Trustee
Page 4
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 2024.
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
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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 The Institute of Chartered Accountants in England and Wales
Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
Mar 28, 2025 Date: .............................................
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FreshFire Trust
Statement of Financial Activities for the Year Ended 31 May 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 135,795 Other trading activities 2 5,515 Investment income 3 116 Total 141,426 EXPENDITURE ON Raising funds 1,036 Charitable activities Mission 130,689 Total 131,725 NET INCOME/(EXPENDITURE) 9,701 RECONCILIATION OF FUNDS Total funds brought forward 2,308 TOTAL FUNDS CARRIED FORWARD 12,009 |
Restricted funds £ 30,493 43 - 30,536 2,795 18,428 21,223 9,313 4,892 14,205 |
31.5.24 Total funds £ 166,288 5,558 116 171,962 3,831 149,117 152,948 19,014 7,200 26,214 |
31.5.23 Total funds £ 176,344 6,811 18 183,173 414 208,694 209,108 (25,935) 33,135 7,200 |
|---|---|---|---|
The notes form part of these financial statements
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FreshFire Trust
Balance Sheet
31 May 2024
| 31.5.24 | 31.5.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 1,480 | - | 1,480 | 2,574 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 7,721 | 1,700 | 9,421 | 3,313 |
| Prepayments and accrued income | 505 | - | 505 | 1,374 | |
| Cash at bank | 10,157 | 12,505 | 22,662 | 4,892 | |
| CREDITORS | 18,383 | 14,205 | 32,588 | 9,579 | |
| Amounts falling due within one year | 9 | (7,854) | - | (7,854) | (4,953) |
| NET CURRENT ASSETS | 10,529 | 14,205 | 24,734 | 4,626 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 12,009 | 14,205 | 26,214 | 7,200 | |
| NET ASSETS | 12,009 | 14,205 | 26,214 | 7,200 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 12,009 | 2,308 | |||
| Restricted funds | 14,205 | 4,892 | |||
| TOTAL FUNDS | 26,214 | 7,200 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Mar 28, 2025
.............................................
R Graves - Trustee
Joanne Elliott
Joanne Elliott (Mar 28, 2025 14:12 GMT)
.............................................
J Elliott ACA FMAAT - Trustee
The notes form part of these financial statements
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FreshFire Trust
Notes to the Financial Statements for the Year Ended 31 May 2024
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.
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
1. ACCOUNTING POLICIES - continued
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.
2. OTHER TRADING ACTIVITIES
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----- Start of picture text -----
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|---|---|---|
|31.5.24|31.5.23|
|£|£|
|Sale of resources|5,558|6,811|
|INVESTMENT INCOME|
|31.5.24|31.5.23|
|£|£|
|Deposit account interest|116|18|
|TRUSTEES' REMUNERATION AND BENEFITS|
|31.5.24|31.5.23|
|£|£|
|Trustees' salaries|4,280|10,054|
|Trustees' pension contributions to money purchase schemes|-|80|
|4,280|10,134|
----- End of picture text -----
3. INVESTMENT INCOME
4. TRUSTEES' REMUNERATION AND BENEFITS
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 2024 nor for the year ended 31 May 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
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----- Start of picture text -----
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|---|---|---|
|31.5.24|31.5.23|
|Outreach|5|6|
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No employees received emoluments in excess of £60,000.
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
6. INDEPENDENT EXAMINER'S REMUNERATION
The amount payable to the Independent Examiner for carrying out the independent examination of the accounts is £1,008 (2023: £960).
| 7. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Computer | |||
| equipment | |||
| £ | |||
| COST | |||
| At 1 June 2023 | 23,803 | ||
| Additions | 269 | ||
| At 31 May 2024 | 24,072 | ||
| DEPRECIATION | |||
| At 1 June 2023 | 21,229 | ||
| Charge for year | 1,363 | ||
| At 31 May 2024 | 22,592 | ||
| NET BOOK VALUE | |||
| At 31 May 2024 | 1,480 | ||
| At 31 May 2023 | 2,574 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Other debtors | 31.5.24 £ 9,421 |
31.5.23 £ 3,313 |
|
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Trade creditors | 31.5.24 £ 2,528 |
31.5.23 £ 1,793 |
|
| Other creditors | 5,326 | 3,160 | |
| 7,854 | 4,953 | ||
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
10. MOVEMENT IN FUNDS
| At 1.6.23 £ Unrestricted funds General fund 2,308 Restricted funds Papa's House fund 1,697 Sacred Space building fund 3,195 4,892 TOTAL FUNDS 7,200 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 141,426 Restricted funds Papa's House fund 17,121 Sacred Space building fund 13,415 30,536 TOTAL FUNDS 171,962 Comparatives for movement in funds At 1.6.22 £ Unrestricted funds General fund 30,257 Restricted funds Papa's House fund 2,878 Sacred Space building fund - 2,878 TOTAL FUNDS 33,135 |
Net movement in funds £ 9,701 (102) 9,415 9,313 19,014 Resources expended £ (131,725) (17,223) (4,000) (21,223) (152,948) Net movement in funds £ (27,949) (1,181) 3,195 2,014 (25,935) |
At 31.5.24 £ 12,009 1,595 12,610 14,205 26,214 Movement in funds £ 9,701 (102) 9,415 9,313 19,014 At 31.5.23 £ 2,308 1,697 3,195 4,892 7,200 |
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FreshFire Trust
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
10. MOVEMENT IN FUNDS - continued
Comparative 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 £ 125,779 27,736 29,658 57,394 183,173 |
Resources expended £ (153,728) (28,917) (26,463) (55,380) (209,108) |
Movement in funds £ (27,949) (1,181) 3,195 2,014 (25,935) |
|---|---|---|---|
Papa's House fund - monies raised to support the work of the Nepalese orphanage. Sacred Space building fund - monies raised to acquire the church's own premises.
11. RELATED PARTY DISCLOSURES
During the period, the related party transactions were as stated below:
The charity paid amounts totalling £47,293 (2023: £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.
Leona Osondu, a trustee of the charity, received gross wages of £4,280 (2023: £10,054) and employer pension contributions of £nil (2023: £80) in her role as UK co-ordinator of Papa's House (the Nepalese orphanage that the charity supports).
The charity provided additional funds, in the form of a loan, of £1,700 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. In the previous year a loan to FFT Trading Limited of £26,463 was fully impaired on the basis that FFT Trading Limited was 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 2024
| INCOME AND ENDOWMENTS Donations and legacies Tithes and offerings Donations Gift aid Other trading activities Sale of resources Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Purchases Sponsored activities Charitable activities Trustees' salaries Trustees' pension contributions Wages Pensions Hire of plant and machinery Rent Rates and water Insurance Telephone Advertising Freelance consultants IT maintenance Outreach and sponsorship Travel and subsistence Worship Conferences and training Hospitality Carried forward |
31.5.24 £ 100,238 55,860 10,190 166,288 5,558 116 171,962 1,036 2,795 3,831 4,280 - 26,525 - 359 6,790 - 894 304 1,288 62,305 4,994 2,452 2,349 524 4,250 42 117,356 |
31.5.23 £ 80,417 76,426 19,501 176,344 6,811 18 183,173 414 - 414 10,054 80 30,803 47 613 12,149 676 874 438 1,710 63,328 5,199 14,193 1,858 249 4,148 64 146,483 |
|---|---|---|
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 2024
| Charitable activities Brought forward Visiting minister honorariums Office running costs Repairs and maintenance Depreciation of fixed assets Impairment of loan Gifts to Nepal Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
31.5.24 £ 117,356 8,362 602 4,000 1,362 - 14,146 145,828 1,700 1,589 152,948 19,014 |
31.5.23 £ 146,483 967 2,134 - 2,728 26,463 27,295 206,070 1,363 1,261 209,108 (25,935) |
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This page does not form part of the statutory financial statements
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