FaithLife Centre Ministries
Report and Accounts
For the year ended 31[st] December 2023
Company Number: 8668756 (England & Wales)
Charity Number: 1153879
FaithLife Centre Ministries
Report and Accounts For the period ended 31[st] December 2023
| Contents | Page |
|---|---|
| Company Information | 2 |
| Trustees’ Report | 3-5 |
| Statement of Trustees’ Responsibilities | 6 |
| Accountants Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10-12 |
1
FaithLife Centre Ministries
Company Information
For the period ended 31[st] December 2023
| Legal Status | A Company limited by guarantee, not having share capital. |
|---|---|
| The governing instructions are the company’s Memorandum and | |
| Articles of Association. The company is a Registered Charity. | |
| Charity Number | 1153879 |
| Company Registration | 8668756 |
| Directors/Trustees | |
| E R Taller | |
| J Taller | |
| H N Grahame-Smith | |
| J C Samuel | |
| O D Akintibubo | |
| Registered Office | 5 Mary Street |
| Cheetham Hill | |
| Manchester | |
| M3 1NH | |
| Accountants | Torevell Dent Ltd. |
| Chartered Certified Accountants | |
| Centre of Excellence | |
| Hope Park | |
| Trevor Foster Way | |
| Bradford | |
| BD5 8HH |
2
FaithLife Centre Ministries
Trustees Report
For the period ended 31[st] December 2023
The trustees present their Report and Financial Statements for the period ended 31[st] December 2023.
Organisation
The company was formed on 29[th] August 2013. The company was also registered as a charity on 19[th ] September 2013.
Our policy covers three distinct stages - recruitment, induction and training. First trustees recruit and elect new and/or additional trustees on the basis of:
Person specification (reviewed annually)
Interview
Safeguarding policy compliance (including DBS checks, again reviewed annually)
New trustees are then given an induction pack, which is comprised of:
Minutes of the most recent trustees’ meeting
Contact details of other trustees
The last complete full-year accounts
Our constitution and/or of memorandum of articles of incorporation
Charity Commission “The essential trustee” document
Training:
Trustees nominate an existing trustee to help assist with the integration of the new trustee into the board and in order to facilitate any questions about procedure etc.
We ask all new trustees to attend at least one trustee training session. Relevant external training is encouraged.
The charity is organised so that the trustees meet regularly to manage is affairs.
Trustees are appointed and re-appointed by members of the company as determined by the company’s Memorandum and Articles of Association.
Objects
The objects of the charity are:-
For the public benefit to advance the Christian faith in accordance with the statement of beliefs in Manchester and in such other parts of the United Kingdom and the world as the trustees may from time to time think fit
Trustees
E R Taller (appointed 29th August 2013) J Taller (appointed 29th August 2013) H N Grahame-Smith. (appointed 1[st] November 2020) J C Samuel. (appointed 20[th] April 2021) O D Akintibubo. (appointed 20[th] April 2021)
3
FaithLife Centre Ministries
Trustees Report For the period ended 31[st] December 2023
Activities and Achievements
In 2023 Faith Life Centre purposed to do four things:-
-
Inspire : great faith by communicating the Bible in an inspiring way that will reach the heart.
-
Equip : create a community of spiritually mature and Biblically functioning Christians.
-
Position : help people to discover the joy of being a fully contributing and developing member in ministry.
-
Reach : fulfilling the great commission by advancing the Christian faith in the Northwest and beyond.
Inspire
Many new families and individuals from the city and neighbouring cities gathered weekly during the year, inspired by great worship and gospel teaching. Faith Life continued to fulfil the great commission by advancing the Christian faith in Manchester, Preston and in Harrogate. The ministry grew by 26% numerically and financially. Particular numerical growth was witnessed in our Harrogate location.
Due to the significant growth, we increased our staff (operations and finance) as well as restructured the ministry in preparation for further growth. Faith Life continued to live-stream all church services from all locations, using various online platforms, services regularly viewed by hundreds locally and globally. Further investments were made in media departments in all locations, enabling professional broadcasting from all 3 cities, improving our online experience. In May and October Faith Life Manchester hosted its ministry conferences for all locations, we saw hundreds inspired and filled with renewed faith.
‘Faith Kids ’served children aged 1 - 10, hosted weekly worship, interactive teaching sessions with fun filled activities. “Faith Kid’s hosted it’s annual ‘Light Party’ attracting hundreds of children from the area. ‘Impact Youth’ grew exponentially, significant events and conferences attracted many new young people helping them find community and hear the Gospel Truth. ‘Young Adults’ ministry was launched providing a place for 18 - 29 year olds to connect and be taught the Word of God. Our desire is to see young adults full of faith, actively involved in reaching and influencing their generation with the gospel of Jesus Christ.
Equip
Faith Life Centre continued to teach the Bible during its weekly tSunday service in person and online. Throughout the year we held Friday evening prayer services and Sunday evening healing services ‘Freedom Nights’. These monthly meetings provided foundational training in the Word, with a specific emphasis on Prayer and healing. In addition, we launched ‘Team Days’ an opportunity to train all our service team volunteers. ‘Team days’ provided ministerial practical and spiritual training to over 100 people, thus promoting spiritual and biblical maturity throughout the ministry.
Position
Faith Life hosted quarterly ‘Next Steps’ classes teaching new members the history, the present and the future plans of the ministry, thus promoting effective assimilation and positioning of members in teams and groups. Welcome packs, Team Guides and Membership Packs (Next Steps manuals) were produced to help all new visitors and
4
FaithLife Centre Ministries
Trustees Report For the period ended 31[st] December 2023
ministry team members grow and increase in their journey and areas of services within the ministry. All teams not only fulfilled a responsibility, but they also gave people an opportunity to find community, to connect and look out for one another and grow. The ‘Pastoral Care Team’ continued to provide care and support to members of the church throughout the year. Hundreds of phone calls, personal pastoral support and visitors were provided.
Reach
The ‘Life Centre’ continued to give life locally and globally. The Food Bank experience 25% increase in the number of visitors and people reached and supported weekly. Social action and community support continued within the city centre of Manchester. The Life Centre provided a friendly place where all visitors could receive practical help (food, clothing and support) and prayer. Faith Life also provided tools needed to find work through ‘CAP Job Club’ ran throughout the year. The team continue to help set up and serve every Wednesday and every Thursday throughout the year and hosted special evenings and Christmas hampers give away. In 2023 we launched ‘Life Hub’ a community drop-in centre, on a bi-weekly basis, thus gave opportunity for locals to find a place to connect, talk and share.
Faith Life continued to engage not only locally but globally by financially supporting local ministries and charities by giving charitable donations. Faith Life sent members of the church to India, Philippines, Bulgaria, Hungary and America to teach in bible schools, churches, orphans and feeding programs. In 2023 we worked with a ministry in India to translate our first publication ‘Strengthen Faith Devotional’ into Hindi, the project was completed in December ready for distribution in 2024. Faith Life Centre Ministries increased it’s reach programs in all locations (Manchester, Preston and Harrogate). Each location conducted ‘Funday Sundays’, specially designed services to promote community and connection. During each service the gospel of Jesus Christ was presented and many became Christians. Faith Life Centre is a ministry committed to its corporate mandate to advance the Christian faith, as a result each location increased numerically.
Review of Financial Affairs
Full details of the financial transactions are contained in the attached accounts. The total incoming resources for the year were £315,474 ( 2022:£274,497)and after deducting resources expended of £327,735 (2022:£298,345) the net expenses for the year were £12,261 (2022: net expenses £23,848).
The net assets of the charity at 31[st] December 2023 were £33,454 (2022:£45,715).
Reserves Policy
The Trustees have reviewed the charity’s need for reserves in line with guidance issued by the Charities Commission and consider it prudent that free, unrestricted reserves need only be sufficient to meet running costs.
Risk Management
The Trustees actively review the risks which may affect its continuation or the smooth “running of its services on a regular basis. The Trustees also examine other operational and business risks faced by the charity and this helps to mitigate any significant risks which may arise.
Signed on behalf of the Trustees:
==> picture [112 x 16] intentionally omitted <==
----- Start of picture text -----
………………………
Joel Taller
----- End of picture text -----
Date …
5
FaithLife Centre Ministries
Trustees’ Responsibilities in relation to the Financial Statements For the period ended 31[st] December 2023
The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
The Trustees are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the trustees are required to:
-
a) Select suitable accounting policies and apply them consistently
-
b) Make judgements and estimates that are reasonable and prudent
-
c) State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements.
-
d) Prepare the financial statements on an ongoing basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
6
FaithLife Centre Ministries
Accountant’s Report to the Directors and Trustees of FaithLife Centre Ministries For the period ended 31[st] December 2023
I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 December 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I confirm that I am qualified to undertake the examination because I am member of ACCA, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
The accounts do not accord with those records; or
-
The accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
………………………………… Samantha J Sutcliffe F.C.C.A Torevell Dent Limited Chartered Certified Accountants Centre of Excellence Hope Park Trevor Foster Way Bradford BD5 8HH
Date ………………………
7
FaithLife Centre Ministries
Statement of Financial Activities For the period ended 31[st] December 2023
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted Funds | Funds | |||
| Notes | Funds | Funds 2023 | 2022 | ||
| £ | £ £ | £ | |||
| Income and endowments from: | |||||
| Donations and legacies | 315,474 | - 315,474 | 274,097 | ||
| Charitable activities | - | - - |
400 | ||
| Other income | - | - - | - | ||
| -------------------------------------------------------------- | |||||
| Total | 315,474 | - 315,474 | 274,497 | ||
| ===================================== | |||||
| Expenditure on: | |||||
| Charitable activities | 3 | 327,735 | - 327,735 | 298,345 | |
| --------------------------------------------------------------- | |||||
| Total | 327,735 | - 327,735 | 298,345 | ||
| ===================================== | |||||
| Net (expenditure)/income | (12,261) | - (12,261) | (23,848) | ||
| Total funds brought forward | 45,715 | - 45,715 | 69,563 | ||
| -------------------------------------------------------------- | |||||
| Total funds carried forward | 33,454 | - 33,454 | 45,715 | ||
| ===================================== |
8
The notes on pages 10 to 12 form part of these financial statements
FaithLife Centre Ministries
Balance Sheet
As at 31[st] December 2023
Notes £ Fixed Assets Tangible Assets 4 Current Assets Cash at bank 8,660 Prepayments. 3,000 --------- Creditors Amounts falling due within one year5 Net Current Assets Net Assets Funds Restricted funds Unrestricted funds 6 Total Funds |
2023 £ 25,294 11,660 (3,500) --------- - 8,160 --------- 33,454 ===== - 33,454 --------- 33,454 ===== |
2022 £ 30,736 14,979 - - -------- 14,979 --------- 45,715 ===== - 45,715 --------- 45,715 ===== |
|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31[st] December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31[st] December 2023 in accordance with Section 476 of the Companies Act 2006.The directors acknowledge their responsibilities for:
-
a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and k
-
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Charities SORP (FRS 102) (effective January 2015).
The financial statements were approved by the Board of Directors on ………….. and were signed on its
behalf by:
……………………….. Joel Taller – Director
The notes on pages 10 to 12 form part of these financial statements 9
FaithLife Centre Ministries
Notes to the Accounts
For the period ended 31[st] December 2023
1. Statement of Accounting Policies
a) Basis of Accounting
The accounts have been prepared in accordance with applicable accounting standards, the Charities SORP (FRS102, effective January 2015) and the Companies Act 2006. The accounts are prepared under the historical cost convention with the exception of the valuation of certain tangible fixed assets.
b) Income and endowments
Incoming resources are reported gross.
c) Donations
Donations are credited in full to the financial statements on a cash basis.
d) Expenditure and other
Direct charitable expenditure comprises all expenditure directly relating to the objects of the charity.
When necessary, support costs are allocated between direct charitable expenditure and other costs on a basis designed to reflect the use of the resources. Expenditure is included in the accounts when the liability is incurred and includes non-recoverable VAT.
e) Fixed Assets
Fixed assets are included at cost less accumulated depreciation.
Depreciation is provided on the following basis to write down the cost of the assets over their expected useful lives:
All Fixed Assets - 25% on reducing balance
f) Restricted Funds
Where funds have been received for specific purposes they are treated as restricted funds.
10
FaithLife Centre Ministries
Notes to the Accounts
For the period ended 31[st] December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| 2. | Net Expenditure after charging | £ | £ |
| Depreciation | 8,432 | 10,245 | |
| Trustee’s fees | 55,223 | 55,223 | |
| ===== | ===== | ||
| 2023 | 2022 | ||
| 3. | Expenditure | £ 000’s | £ 000’s |
| Staffing. | 101 | 76 | |
| Operational | 50 | 50 | |
| Junior Church | 7 | 3 | |
| Premises. | 81 | 83 | |
| Finance | 1 | 7 | |
| Other Costs | 1 | 7 | |
| Depreciation. | 8 | 10 | |
| Tithes, Mission & Benevolence | 60 | 47 | |
| Ministry | 18 | 17 | |
| ------------ |
------------ | ||
| 327 | 300 | ||
| ======= |
======= | ||
| 4. | Tangible Fixed Assets | ||
| Total | |||
| £ | |||
| Cost | |||
| At 1stJanuary 2023 | 86,366 | ||
| Additions | 2,990 | ||
| --------- | |||
| At 31st December 2023 | 89,356 | ||
| ===== | |||
| Depreciation | |||
| At 1stJanuary 2023 | 55,630 | ||
| Charge for the period | 8,432 | ||
| --------- | |||
| At 31st December 2023 | 64,062 | ||
| ===== | |||
| Net Book Value | |||
| At 31stDecember 2022 | 30,736 |
||
| ===== | |||
| At 31stDecember 2023 | 25,294 | ||
| ===== |
11
FaithLife Centre Ministries
Notes to the Accounts
| For | the period ended 31st December 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| 5. | Creditor: Amounts falling | |||
| due within one year | ||||
| Accruals | 3,500 | - | ||
| --------- | --------- | |||
| 3,500 | - | |||
| ===== | ===== | |||
| 6. | Funds | |||
| Unrestricted | Restricted | Total | ||
| Tangible Assets | 25,294 | - | 25,294 | |
| Current Assets | 11,660 | - | 11,660 | |
| Current Liabilities | (3,500) | - | (3,500) | |
| ----------------------------------------------- | ||||
| 33,454 | - | 33,454 | ||
| ============================ |
12