Charity Commission Registered number: 1163514
THE FAITH CHALLENGING CHURCH CHAIR'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
The Faith Challenging Church Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Chairperson's Report | 2 |
| Independent Examiner's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
The Faith Challenging Church Charity Information For The Year Ended 31 March 2025
Chairperson Mrs Odile Nunes Chairperson Charity Number 1163514 Registered Office 14 Folkingham Lane London NW9 5LR Examiner MD Consulting Certified Public Accountants, 206 Albright Court 8 Mast Street Barking Essex IG11 7FY
Page 1
The Faith Challenging Church Charity No. 1163514 Chair's Report For The Year Ended 31 March 2025
The chair presents her report and the financial statements for the year ended 31 March 2025.
Chair
The chair who held office during the year were as follows: Mrs Odile Nunes
Statement of Chair's Responsibilities
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
The law requires the trustees to prepare financial statements in accordance with the United Kingdom, General Accepted Accounting Practice (United Kingdom Accounting Standard and applicable law).
The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit for that period.
In preparing these financial statements, the trustees are required to:
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. select suitable accounting policies and then apply them consistently;
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. make judgements and estimates that are reasonable and prudent;
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. prepare the financial statements on the going concern basis unless it is inappropriate to presume 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 which enable them to ensure that the financial statements comply the Charities Act 1993, The Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed.
The trustees 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.
On behalf of the board
Mrs Odile Nunes Chair
26/08/2025
Page 2
The Faith Challenging Church Accountant's Report For The Year Ended 31 March 2025
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
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.
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.
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.
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examine the accounts (under section 43 of the Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7) (b) of the Act); and
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to state whether particular matters have come to my attention.
My examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration
of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
In the course of my examination, no other matter has come to my attention:
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. (1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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. proper accounting records are kept (in accordance with section 41 of the 1993 Act); and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
. (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
MD Consulting
20/08/2025
MD Consulting Certified Public Accountants, 206 Albright Court 8 Mast Street Barking Essex IG11 7FY
Page 3
The Faith Challenging Church Income and Expenditure Account For The Year Ended 31 March 2025
| Notes INCOMING RESOURCES GROSS SURPLUS Administrative expenses OPERATING SURPLUS/(DEFICIT) Other interest receivable and similar income SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2025 £ 77,467 77,467 (53,595 ) 23,872 436 24,308 |
2024 £ 42,074 |
|---|---|---|
| 42,074 (43,278 ) |
||
| (1,204 ) 316 |
||
| (888 ) |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
The Faith Challenging Church Balance Sheet As At 31 March 2025
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2025 £ £ 39,352 39,352 23,729 23,729 (450 ) 23,279 62,631 62,631 62,631 62,631 |
2025 £ £ 39,352 39,352 23,729 23,729 (450 ) 23,279 62,631 62,631 62,631 62,631 |
2024 £ £ 18,439 18,439 20,234 20,234 (350 ) 19,884 38,323 38,323 38,323 38,323 |
2024 £ £ 18,439 18,439 20,234 20,234 (350 ) 19,884 38,323 38,323 38,323 38,323 |
|---|---|---|---|---|
| 39,352 23,279 |
18,439 19,884 |
|||
| 23,729 (450 ) |
20,234 (350 ) |
|||
| 62,631 | 38,323 | |||
| 62,631 | 38,323 | |||
| 62,631 | 38,323 | |||
| 62,631 | 38,323 |
These financial statements were approved by the board of Trustee on 27th August 2025.
Mrs Odile Nunes Chair
27/08/2025
The notes on pages 6 to 7 form part of these financial statements.
Page 5
The Faith Challenging Church Notes to the Financial Statements For The Year Ended 31 March 2025
1. General Information
The Faith Challenging Church is a private company, limited by guarantee, incorporated in England & Wales, registered number 1163514 . The registered office is 14 Folkingham Lane, London, NW9 5LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes donations earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold | 10% |
|---|---|
| Plant & Machinery | 25 % |
| Motor Vehicles | 25% |
3. Average Number of Employees
Average number of employees, including chairs, during the year was: 1 (2024: 1)
4. Tangible Assets
| 4. Tangible Assets | ||||
|---|---|---|---|---|
| Cost As at 1 April 2024 Additions As at 31 March 2025 Depreciation As at 1 April 2024 Provided during the period As at 31 March 2025 Net Book Value As at 31 March 2025 As at 1 April 2024 |
Land & Property Leasehold £ 25,000 - |
Plant & Machinery £ 3,979 1,388 |
Motor Vehicles £ - 30,143 |
Total £ 28,979 31,531 |
| 25,000 | 5,367 |
30,143 |
60,510 |
|
| 7,500 2,500 |
3,040 582 |
- 7,536 |
10,540 10,618 |
|
| 10,000 | 3,622 |
7,536 |
21,158 |
|
| 15,000 | 1,745 |
22,607 |
39,352 |
|
| 17,500 | 939 |
- |
18,439 |
Page 6
The Faith Challenging Church Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
5. Creditors: Amounts Falling Due Within One Year
Other creditors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| 450 | 350 |
Page 7
The Faith Challenging Church Detailed Income and Expenditure Account For The Year Ended 31 March 2025
| INCOMING RESOURCES Donations Gift aid Other trading income GROSS SURPLUS Administrative Expenses Guest Ministries Volunteers expenses Staff entertaining Travel expenses Rent, servicing and cleaning Hire and leasing of computer and other equipment Vehicle running costs Computer software, consumables and maintenance Printing, postage and stationery Advertising and marketing costs Telecommunications Accountancy fees Bank charges Charitable donations Depreciation of plant and machinery Depreciation of motor vehicles Depreciation of leasehold land and property Sundry expenses OPERATING SURPLUS/(DEFICIT) Other interest receivable and similar income Bank interest receivable SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
2025 £ £ 49,242 8,082 20,143 77,467 77,467 2,750 1,350 - 1,656 20,662 850 2,354 195 1,231 320 1,130 350 226 8,000 582 7,536 2,500 1,903 (53,595 ) 23,872 436 436 24,308 |
2025 £ £ 49,242 8,082 20,143 77,467 77,467 2,750 1,350 - 1,656 20,662 850 2,354 195 1,231 320 1,130 350 226 8,000 582 7,536 2,500 1,903 (53,595 ) 23,872 436 436 24,308 |
2024 £ £ 37,378 4,696 - 42,074 42,074 - - 1,517 2,343 32,846 - - - 1,179 163 765 350 114 - 313 - 2,500 1,188 (43,278 ) (1,204) 316 316 (888 ) |
2024 £ £ 37,378 4,696 - 42,074 42,074 - - 1,517 2,343 32,846 - - - 1,179 163 765 350 114 - 313 - 2,500 1,188 (43,278 ) (1,204) 316 316 (888 ) |
|---|---|---|---|---|
| 77,467 77,467 (53,595 ) |
42,074 42,074 (43,278 ) |
|||
| 436 | 316 |
|||
| 23,872 436 |
(1,204) 316 |
|||
| 24,308 | (888 ) |
Page 8