**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: - God, the Father Almighty, Creator of heaven and earth. - Jesus Christ, His only Son, our Lord. - The conception of Jesus Christ by the Holy Spirit and His birth from the Virgin Mary. - The suffering, crucifixion, death, burial, and resurrection of Jesus. - The ascension of Jesus to heaven and His return to judge the living and the dead. - The Holy Spirit. - The Holy Catholic Church, communion of saints. - The forgiveness of sins. - 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. Page 1 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. Page 2 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 Page 3 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: 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 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: ............................................. Page 5 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 Page 6 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 Page 7 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. Page 8 continued... 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** **----- Start of picture text -----**
|||| |---|---|---| |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: **----- Start of picture text -----**
|||| |---|---|---| |31.5.24|31.5.23| |Outreach|5|6| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. Page 9 continued... 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| ||||| Page 10 continued... 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| |---|---|---| Page 11 continued... 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. Page 12 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 Page 13 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)| |---|---|---| This page does not form part of the statutory financial statements Page 14