FaithLife Centre Ministries ort and Accounts For the st ear ended 31 December 2024 Company Number: 8668756 (England & Wales) Charity Number: 1153879
FaithLife Centre Ministries ort and Accounts For the eriod ended 31$t December 2024 Contents Page Company Infonnation Trustees, Report Statement of Trustees, Responsibilitics Accountants Rcport Statement of Financial Activitics Balimce Sheet Notcs to the Accounts 10-12
FaithLife Centre Ministries Com an , Information For the eriod ended 31st December 2024 Legal Staths A Company limited by guarantee, not having share capital. The governing instructions are the company's Memoranduin and Articles of Association. The company is a Registered Charity. Charity Number 1153879 Company Registration 8668756 DirectorslTrustees E R Taller J Taller J C S(Imuel O D Akintibubo Reglstered Office 5 Mary Strcct Cheetham Hill Manchcster M3 INH Accountants Torevell Dent Ltd. Chartered Certificd Accountants Centrc of Exccllence Hope Park Trevor Foster Way Bradford BD5 811H
FaithLife Centre Ministries Trustees Re rt For the eriod ended 31st December 2024 st The trustees present their Report and Financial Statements for the period ended 31 December 2024. Or anlsation th The company was formed on 29 August 2013. The company was also registered as a charity on th 19 September 2013. Our policy covers three distinct stages - recruitment, induction and training. First tteeS recruit and elect new and/or additional trustees on the basis of: Person specification (reviewed annually) Intervicw Safeguarding policy compliance (including DBS checks, again reviewed annually) Ncw trustces are then given an induLtion P<ick. which is comprised of: Minutes of the most recent trnstccs, mceting Contact dctails of other trustees The la8t complete lull-year accounts Our constitution iU]d/ur of memoranduin of articles of incorporation Charity Cummission 'The essential trustee" document Training". Trustees nominatc an cxisting trustee to help a8sist with the integration of the ncw trustee into the board and in order to facilitate any queslions about procedure etc. We ask all new trustees to attend at least une trus'tee training session. Rclcvant externial training is encouraged. Thc charity is organi8ed so that the tNstees meet regularly to manage is affairs. Trustees are appointed and re-appointed by mcmbcrs of thc company as deterniined by the company's Memorandum and Articlcs of Association. Ob'ects Thc objects ot" the charity e:_ 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 J Taller J C Sainuel. O D Akintibubo. (appointcd 29th August 2013) {appointed 29th August 2013) (appointed 20 April 2021) th (appointed 20 April 2021)
FaithLife Centre Ministries Trustees Re ort For the eriod ended 31st December 2024 continued Activities and Achievemcnts In 2024 Faith Life Centre purposed to do four things:_ l. Inspire: great faith by communicating the Bible in an inspiring way that will reach the hcart. 2. Equip: create a community of spiritually matur¢ and Biblically functioning Christians. 3. Position: help people to discover the joy of being a llY contributing and developing member in ministry. 4. Reach.. fulfilling the great commission by advancing the Christian faith in the North West and b¢yond. Ins )Ire: Faith Life continucd to fulfil the grcat cornmissioii by advancing the Christian fd. ith iii Manchester, Preslon ld Harrogate through in-person gatherings and live-stream bro<idcasts. Ncw families and individuals from the city <md neighbouring Lities gathcred weekly during the year, and werc in8pired by grcat worbhip and gospel teaching. The ministry continue(I tu grow numerically in all locations in 2024. Faith Li t"e continued to improve the livc-stream broadcasts in all locations. Using various online pl<ltforms, wcckly broiidcasts wcrc viewed by hundrcds locally and many more globally. Investments wcre made to build a broadcast Studio enabling professional weekly programs. In May and Octobcr Faith l.ife Manchcster hosted its annual conferences for all laL'ations, seeing hundrcds in8pired and filled with renewed faith. 'Impact Kids, served Lhildren agcd I l O, hosted wcckly wors'hip, Anteractive teaching sessions with tun filled aLtivities. 'Impact Youth, grcw signi fiL<intJy, attracting many new young people in 2024. October'8 '1mpact Youth ConferenLe' was a success, the youth were irnPiiLted by the life giving inessage of the Gospel. 'Young Adults, ministry met bi-monthly, providing a place for 18 - 29 year olds to connect and learn God's Word. Our desirc is to see young adults t.ull of faith, actively involved in reaching and influencing thcir generation with Ihe gospel of Je.8us ChTiSt. ui Faith Life Centre continued to teach the Bible during its weekly Sunday service in person and oiiline. Throughout the year monthly Sunday evening prayer services were held, providing foundational training in thc Word, with a specific emphasis on prayer. 'Teain Days, provided ministerial and practical training for over l 00 service team voluntccrs, thus promoting spiritual and biblical maturity in the ministry. 'Word Supply, was launched in March, Faith Life's weekly Onlinc discipleship broadcast, it was a great success and saw hundreds equipped with the foundational teachings in the Word of God.
Position: Faith Life hosted quarterly 'Next Steps. classes for new members covering the history and future plans of the ministry, thus promoting effective assimilation and positioning of members in teams and groups. 'Next Steps, classes helped the new members grow in their journey and areas of services within churches. Teams give people an opportunity to find community, connect and look out for one another and grow. The 'Pastoral Care Team, continued to provide care and support to memberb of the church throughout the year. Hundreds of phone calls, personal p&8toral support and visitors were provided. 'Home Groups, were l<iunched in April 2024. providing a place to connect and be lifted through prayer support and grow. 'Home Groups, mission is to promote connection and facilitate hcalthily relationships. Reach: All locations (Manchester, Preston and Harrogate) increased it's reach programs by conducting 'Funday Sundays,, these are special services designed to promote community and connection. During each service the gospel of Jesus Christ was presented and many became Christians. Faith I.ife Centre is a ministry committed to its corporate mandate to advance Ihe Christian faith, as a rcsult cach location increased numerically. The 'Life Centre, continued to give life locally and globally, providing a friendly place where all can receive practical help; food, clothing, leachin&i, support and prayer. The Food B(mk welcomcd 1,499 visilors, it continues to increase in the number of people reachcd and 8upporled weekly. The Lifc Centre hosted special evenings <md ChrAStm&8 Parties gyiving away hampers give away. In June Faith Life launched 'The Money Course,, a course desied to equip and educate our community to wisely budget and mana&ye rnoney. Through the 'Food Bank,. 'CAP Job Club Life Hub, community drop in centre, and 'Money Courses, the Life Centr¢ continues its social action and community support within thc city of Manchester. Failh Life continued to en¥ag7e nationally and globally by tinancially supporting local ministries and charitie8 by gAvingy charitablc donations. Faith Lifc sent members of the church to IndAa, Bulgari4 Hungary and America to ach in bible schools, churches, 0hanS and feeding programs. In 2024 we printed our first Hindi publication ' Strengthen Faith Devotional, and distributed throughout India. Review of Financial Affairs 'ull details of the financial iransactions are contained in the allached tCounts. 'I'hc total incoming resources for the year were £328,810 (2023:£315,474) and after deducling resources expcnded of £.33 9,689 (2023:£327,735) thc net expenses for the ycar were £1 0,889 (2023: net expenses £12,261). st The net assets of the charity at 31 Dccember 2024 were £23,066 (2023:£33,955). Re$ervcs Polic 'rhe Trustees have reviewed the charity's necd for reserves in line with giuidancc i.s.sued by the Charities Commission and consider it prudent that free, unrestricted reserves need only be sufficient to meet nllming costs. Risk Mana ement The Trustees actively review the risks which may affect its continuation or the smooth 'kng of its scrvices 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.. Joel Tall Date .5. Jule Z•zs
FaithLife Centre Ministries Trustees, Res For the eriod ended 31 Decembcr 2024 onsibilitles in relation to the FinancAal Statements 5t The Trustees are rcsponsible for preparing the Annual R¢purt and the Financial Statements in accordancc with applicable law and Unitcd Kingdom Generally Accepted Accounting Practice. The Trustees are rcquired by company law to prepare financial statements for each financial year which give a true and fair view of the financial aLtivities of the charity and of its findncial position at the end of that year. In preparing those financial statements the trustees are required to". A) Select suitable accounting policies and apply tliem consistently b) Make judgements and estimates that are rcasonable and prudent c) State whether the policies adopted are in ¢iccordancc with the Companies Act 2006 and with applicable iiccounting standards and statemeiits of rccommended practice, subjcct lo any material dcparturei discloscd and explaincd in the financial statemeiits. d) Prepiire the financial statcinenls on an ongoing basis unless it is inappropriate to assume that the Lharity will continue in operation. The Trustecs are responsible for keeping proper aOuntIng rccords which disclose with rcasnnable accuracy dt any time Ihe financial position of thc charity and enablc them to ensure that the financial 8ttatem]tS comply with the Companies Act 2006. "11]cy are (Ilso responsible t.or S<ifeguarding the asscts ot" the charity and hence for taking reasonable steps for the prevention and deteLtion of fraud and uther irregul<fities.
FaithLife Centre Ministries Accountant's Re ort to the DArectors and Trustees of FaithLife Centre Ministries For the eriod ended 31st December 2024 I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 Deceinber 2024. Responslbfilltie5 and basis of report As the charity's trustees of thc Company (and also its directors for the purpose of company law) you arc responsible for the preparation of the accounts in accordancc with thc rcquirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the complY are not requlred to bc audited under Part 16 of the 2006 Act and are eligible for ind¢pendent examination, I report in respcct of rny examAnation of your charity's accounts as carried out under section 145 of thc Charities Act 2011 ('the 2011 Act,). In carrying out my examintition I have followed the DircctlOAlS given by the Charity Commission under seclion 145(5) {b) ofthe 2011 Act. Independent examiner's statcment I confirni that l am qualificd to undertake the examination because l am inembcr of ACCA, which is one of the listcd bodies. I have coinplctcd my cxamination. I confirm that no mdtters have come to my attcntion in Lonnection with thc examinalion giving me cause to believe: l. Accounting rccords wcre not kept in respect vf th¢ CUmpiY as required by section .386 of the 2006 Act; or 2. The accounts do not iiLcord with those records. or 3. The aLcounts do not comply with thc accounting requirement8 of section 396 of th¢ 2006 Acl other than any requircmcnt that the accounts give a 'true and fair view which is not a rnaller considered as part of an indcpendent examination. or 4. The accounls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting ]d reporting by charitie8 [applicable to charities prep¢wing their accounts in accordance with the li inancial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. have no concerns and have come across no othcr mattcrs in conncction with the examination to which attention should be drawn in this report in ordcr to cnablc a propcr understanding of the accounts to bc reached. antha J Sutcllffe F.C.C.A orevell Dent Limited Chartered CertifAed Accountants Centre of Excellence Hope Park Trevor Foster Way Bradford BD5 8HH Date .
FaithLife Centre Ministries Statement of Financlal Activities For the eriod ended 3151 December 2024 Total Funds 2024 Total Funds 2023 Unrestricted Restricted Funds Fund5 Notes Income and endowments from: Donations and l¢gacies Other Income 328,810 328,810 .315,474 Total 328,810 328,810 315,474 Expenditure on: Charitable activities 3.39,699 339,699 327,735 Total 339,699 .339,699 327,735 Net (expendlture)lincome (In,889) (10,889) (12,261) Total funds brought forward 33,955 33,955 45,715 Total funds carrled forward 23,066 23,066 33,454 The notcs on pages l O to 12 form parl of these financial statements
FaithLife entre Ministries Balance Sheet As at 31s¢ December 2024 2024 202.3 Notes Fixed Assets Tangible Asscts 20,494 25,294 Current Assets C&8h at bank Prepayments. 5,572 8,660 3,000 5,572 11,660 Crcditors Amounts falling due within one year (3,000) (3,500) Net Current Assets 2,572 8,160 Iyet Assets 23,066 33,454 Funds Restricted funds Unrestricted funds 23,066 33,454 Tvtal Funds 23,066 33,454 The company is entitlcd to exemption from audit under Section 477 of the Comp¢mies Act 2006 for the period ended 31 Dember 2024. The mcmbers have not required the company to oblain an audit of its financial statcments for the year ended 31, December 2024 in accordimce with Section 476 of the companie.s Act 2006.The dircctors acknowledge thcir resp)n8ibilities for: a) ensuring that the company keeps accounting records which comply with Scctions 386 and 387 of the Companies Act 2006. b) preparing financial Statements which give a true and fair view of the slate of affairs of the company as at thc end of each tinancial year and of its profit or10$8 for each financial year in accordance wilh the requirements of Sections 394 and 395 and which otherwise comply with the requiTements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statcments have been prepared in accordance with the special provisions of Part 15 of thc Companies Act 2006 relating to small companies and with thc Charitics 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 Th¢ notcs on pages l O to 12 form part of these financial statements
FaithLife Centre Ministries Notes to the Accounts For the erlod ended 318t December 2024 Statement of Accounting Policies a) Basis of Accounting The accounts havc been prepared in accordan with applicable accounting standijrds, the Charities SORP (FRS102, effective January 2015) and the Coinpanies Act 2006. The accounts are prep<ired under the historical cost convention with the exception of the valuation of certain tangible fixed assets. b) Income and endoivments Incoming rcsources are reported gross. c) Donations Donations arc crcdited in full to the financial statements on a cash basis. d) Expenditure and other Direct charilable expenditure comprises all expenditure directly rclaling to the objcct.8 Ot'the charity. Whcn necessary? SUPPOrt costs are allocated between direct charltable expenditurc and other costs on a basis designed to reflect th¢ u8e of the resources. Expenditure is included in thc accounts when tlie liability is incurred and includes non-recoverable VAT. e) Fixed Assets Fixed assets arc included dt cost less accumulatcd depreciatii)n. Depreciation is provided on the following ba81.8 to write down the cost of the asscts over their expcctcd usetul live&i". All Fixcd Assets 25 % on rcducing balance Restricted Funds Whcre funds have been received fnr specific purposes they arc trcaled as restricted funds. io
FaithI)ife Centre Mlnistries Notes to the Accounts For the eriod ended 31$t Dcccmber 2024 2024 2023 Net Expenditure after charging Depreciation Trustee's fees, 6,832 55,223 8,432 55,223 2024 £ OOO'S 2023 £ OOO'S Expenditure Staffing. Oper¢ltional Junior Church PrllIseS Finance / Othcr Giving Depreciation Tithes, Mission & Benevolence Mini5tiy 109 43 101 45 90 10 81 48 31 31 340 327 Tanglble Fixed Assets Total Cost ¥t At l January 2024 Additions 89,356 2,032 At 31st December 2024 91,388 Depreciation At 1° January 2024 Charge for the period 64,062 6,832 At 31$1 December 2024 70,894 Net Book Value At 31" December 2023 25,294 At 31" December 2024 20,494
FaithLife Centre Ministries Notes to the Accounts For the eriod ended 315t December 2024 2024 2023 Creditor: Amounts falling due Ivithin one year ALcruals 3,000 3,500 3,000 3,500 Funds Unrestricted Restricted Total Tangiblc Assets Current Assets Current Li<ibilities 20,494 5,572 (3,000) 20,494 5,572 (3,000) 23,1166 23,066 12