Charity Number.. 1165671 Trustees Report and Financial Statements For the year ended 31 December 2023 Love's Farm Community Church Charitable Incorporated Organisation
Love's Farm Community Church Contents Page Trustees, annual report ststement of financial activities Balan sheet Notes to the financial statements
Love's Farm Community Church Trustees. annual report About Love's Farm Community Church Love's Farm Community Church is situated on Love's Farm, a new housing development in St. Neots, Cambridgeshire. The charity was set up on 27 September 2015 and was incorporated on 22 February 2016. The correspondence address is 18 Lannesbury Crescent, St. Neots, Cambridgeshire, PE19 6AF. Reference and administrative infomiation Love's Fam Community Church is a charitable incorporated organisation, CIO (charity number 1165671). The trustees who have served through the period of this report are= Mr Jonathan Tame- Chairman Reverend Helene Tame Dr Marcus Pickering Mrs Kathryn Pickering~ Treasurer Miss Samantha Claussen Bankers.. CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent. ME19 4JQ Structure, Governance and Management Love's Fami Community Church is a CIO (Charitable incorporated organisation) and is registered with the Charity Commission of England. The method of appointment of the trustees is set OLrt in the statutes. The governing document is in the form of a Constitution, adopted 20 February 2016. Aims and objectives Our aims are sel out formally in our Gonstitutional document.. 'To advance Chrtstianity for the public benefit in Love's Fami, St Neots and elsewhere in accordance with the statement of failh set out in the schedule hereto through the holding of prayer rneetings, lectures, public celebrations of religious festivals and by producing andlor distributing literature to enlighten others about the Christian religion. In addition, we seek to relieve poverty and support those who are in need. through providing advice and advocacy for people struggling with debl, distributing material and financial donations, offering relational encouragement and emotional support to vulnerable people, and advocating on behalf of marginalised people with statutory authorities and other organisations. Public Benefit statement Love's Fami Community Church seeks to impact and improve the spiritual, social and moral well- being of people through ils example, teaching and practice of the Christian faith, and by organising welcoming, friendly and arxepting events which build relationships. Through activities such as YoLrth Café and the Youth Club, vulnerable children and their families benefit physically from the food provided, as well as emotionally and socially from the supportive environment. Through Sunday activities like Breakfast Church and quieter more cultural, reflective events the communty will benefft from a pla to come together, to meet others and to explore issues of fatth and doubt. People who participate in Love's Fami Communrty ChurGh activities will be encouraged to volunteer and serve
Love's Farm Community Church around the communrty, not only in activities organised by Lovè's Farm Community Church but also in initiatives run by others. This will enhan the wider well-being and cohesion of the community. As a community church focused on the Love's Farm housing development in St Neots, the main section of the publiG who will benefrt from our organisation's purpose and activities is the population that lives physically in Love's Farm. However, we will not turn anyone away who lives elsewhere in St Neots. Love's Fam Community Church is committed to serving people of all ages on Love's Fam. However since the community demographic is weighted toward those beeen the ages of 2545, especially with young families, our primary focus is on that age group. Activities and perforniance of the organisation Under the CIO of Love's Farm Community Chur¢h, Brealrfast Church has continued to meet each Sunday morning except the first of the month, regularly drawing around 40 people, up to a third of whom typically are under 16 years old. Each Sunday morning provides a mix offood, conversation, story-telling, prayer, worship and encounter. The pattern of our meeting over the past year has mostly reverted to pre-pandemic rhythms whilst maintaining some contact via Zoom where that has been the more helpful. However, the majority of our church 'gatherings' during this past year have happened in person. The eXptIon is Messy Church which, for a combination of reasons, ha5 not yet relaunched. In ils place we have continued to connect with young people especially keen to explore the bible story together an¢J to that end have run bible journalling sessions for our older children and 'in the box, story encounters and an after-school club, 'bible story explorers., at the local primary school. The church cornrnunity has sought to maintain meeting points through the week for the primary purpose of discipleship and praying for our neighbourhood, nation and world. Wednesday has become our prayer day with a short prayer time at 9am, this happens via Zoom. As a church communrty we have hosted other courseslstudieslgroups through the year both online and in person. Once a lerm the trustees of the CIO have met to give continued governance and oversight to our activities and every Wednesday morning a small team {the Ground Crew) plan the Sunday service and briefly review the wider activities of the church as needed. A small team continues to host the Community café at our local community centre on Tuesday mornings, providing people with another point of access the church and to serve our community with a facility that is enjoyed by visitors to the cafe. The Youth Café, launched in June 2019 to serve children transitioning from primary to secondary education, along with any children in Year 7 upwards continues to run, with supplementary help from volunteers beyond Love's Fami Church, includin9 the local 'Youth For Christ, youth worker. Over the past year we have worked closely wilh others across the town to increase provision for young people. In December 2022, the youth worker employed by Ely Diocese as part of the Changing Market Towns Initiative, Adele Jones, who worked and worshipped with Love's Fami Church, especially setving children and young pèople aged 11 years and upwards, ComMend a period of matemity leave. She resigned from her post in December 2023. On Thursday mornings, members and friends of Love's Farm Community Church continue to run a parent and toddler group, Little Loves, at the community centre. with regular attendance of between 60-80 pre-schoolers and their parentslcarers. The service also offers Llttle Loves @Home for parents, who for a variety of reasons might be confined to home with their child. On Friday evenings during term time the church hosts a primary aged Youth Club, over 2 sessions for approximately 50 children aged between 8-11 years. This remains a popular event. During the school temi volunteers from Love's Fami Community Church have been giving Early
Love's Farm Community Church Intervéntion Coaching under the umbrella of the ¢harity Transfoming Lives for Good rfLG). This continues with financial support via Cinnamon NeOrk funding and is greatly appreciated by the local Love's Fami sGhool. Round House. Love's Farm Community Monèy Advi (LFCMA) Servi (registered with the FCA and with training delivered by the national Community Money Advice charity) to assist people struggling with debt or money management. The centre is registered on the national CMA website and a¢¢essible to people throughout st Neots and the surrounding area. We met with 51 new clients in the year and have 3 volunteers and by the end of the year have four (2022-. three) members of staff employed part lime to be debt advisers, centre manager and administrators for the ntre. Work has been completed this year to move the money advice ntre out from under the umbrella of Love's Fami Community Church and the money advi service successfully changed its name in Decembèr 2023 to Money Advice St Neots (Mast). Mast is supported by churches across the lown and collaborates widely wrth the church and the local food banks where one of the team provides onsite help and signposting. Love's Farm Community Church has benefited from the leadership role played by Rev'd Helene Tame, who is employed by the United Refom)ed Church Eastern Synod, to lead the work of Love's Farm Community Church. Helene is assisted by numerous lay volunteers. Helene resigned her paid post in November 2023, to take effect from January 2024; she will continue to serve as a volunteer, as required in 2024 with Marcus and Kathryn taking on intenm leadership of the church. All the activities of the church as listed above are run by the trustees and others on a voluntary basis. A total of 40 different people served as volunteers during this reporting period. Financial review During this year, donations to the charity plus some brought forward reserves were sufficient to cover all its expenses. The charity's income for the year was £22,659 (2022.. £40,690) and expenses came to £21,594 (2022.. £21,594). The balance of funds at 31 December 2023 was £19,662 {£18,577), with £358 being restricted funds (2022.. £5,779). Reserves policy It is the trustees reserves policy to maintain a balance on unrestricted funds (if possible), which equates to al least three months unrestricted payments. equivalent to £3,592, to cover emergency situations that may arise from time to time. The balan of £19,304 held on unrestricted funds, after designations, at the year end is higher than the target. Our previous minister, who is paid from external sources, stepped down in January 2024 and the addilional reserves are required to provide contingency in the interim period until funding can be secured for a new minister. The balance of £358 in the restricted funds is towmrds the TLG project. Going concern ststement The trustees have a reasonable expectation that the charity has adequate resources to continue for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the accounts. Audit exemption statement Due to the gross income being less than £1million and since the gross assets are less than £3.26million. the ¢harity is exempt from needing an audit and since in 2023 the gross income is less than £25.000 the ¢harity is exempt from needing an independent examination and the trustees have chosen to not have one.
Love's Farm Community Church Statement of responsibilities of the Trustees The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP 2005., make judgments and accounting estimates that are reasonable and prudent.. state whether applicable accounting standards have been followed, subject to any material departures disGlosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to do so. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial posttion of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on and signed on its behalf by Jonathan Tame (Chaimian of the Trustees)
Love's Fann Community Church Statement of financial activities For the year ended 31 December 2023 2023 Total funds 2022 Total funds Unrestrlcted Restricted funds funds Incoming rgsources Notes Incomlng resources from generated funds Voluntary income Incoming resources from donors Grant income 20,612 20,612 1,805 20,111 20,560 1,805 20,612 1,805 22.417 40,671 Activities for gengrating funds Investment incorne Income from charitable actlvity 242 242 19 Total Incoming resources 20,854 1,805 22,659 40,690 Resources expended Charitable actlvStloS Governance costs Other resourcos expended 14.169 7.226 21,395 32,485 199 199 683 Total resources used 14,368 7,226 21,594 33,168 Net loutgoinglllncomlng resources before transfers 6.486 {5,421) 1,065 7.522 Transfers beeen fvnds Net {outgoinglllncomSng rosources before revaluatlons 6,486 15,4211 1,C1%5 7.522 Realised gainlllossl on revaluation of fixed assets Realised gainlllossl on investments Net movement in funds 6,486 15,4211 1.065 7,522 Funds carried forward at 1 January 2023 12,818 5,779 18,597 11,075 Funds carried forward at 31 December 2023 19,304 358 19,662 18,597 All anKJunts relate to continuing activibes
Love's Farm Community Church Balance sheet as at 31 December 2023 2023 2022 Notes Fixed assets Tanglble flxed as86ts Investments Total fixod assets Current assets Debtors Cash al bank and in hand 2,784 16,878 2,532 18,062 Total current assgts 19,662 20.594 Liabilliles- amount3 falling due withln one year 1,997 Net current assets 19,662 18,597 Net assets 19,662 18,597 Funds Unrostrlcted 71 19,304 12,818 Restri¢ted 9,11 358 5.779 Endowment funds 11 19,662 18,597 Approved b the trustees on and signed on its behalf by Jonathan Tame (Chainnan of thè trustees)
Love's Farm Community Church Notes to the financial ststements Accounting policies These financial statements of the charity have been prepared on a going Conrn basis and on behalf of the Irustees in accordance with the Aocounting and Reporting by Charities- Statemenl of Recommended Practice SORP {2005) together with applicable accounling standards and the Charities Act. They have been prepared under the historical cost convention. Incoming Resources Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resoUe$ the trustees are virtually certain they will receive the resources-, and the monetary value can be measured with sufficient reliability. Grants and donations Grants and donations are only included on the SOFA when the charity has unconditional entitlement to the resources. Volunteer help The value of any voluntary help reiVed is not included in the aGcounts bLrt is described in the trustees, annual report. Expenditure and Liabilities Liability recognition Liabilities are recognised as soon as there is legal or constructive obligation committing the Chaflty to pay out resources. Gov8mance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governan or constitutional matters. Support costs Support costs include central functions and have been allocated to activity cost categories on basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Assets Tangible fixed assets for use by the charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, rf gifted, at the value to the charity on receipt. Unrestricted funds represent the funds of the CIO that are not subject to any restrictions regarding their use and are available for application on the general purposes of the CIO. Restricted fLSnds represent those received for specific purposes as specified by the donors. Endowment fvnds are those where there is a requirement imposed by the donor to retain Gapital, but which allows income to be used.
Love's Farm Community Church Notes to the financial statements Incoming resour¢es from donors 2023 2022 General donations from individuals Help fund giving Gift Aid Little Loves giving Youth club giving Youth café giving Ukrainian Donation CMA Donation 13,181 11,272 85 2,533 1,020 1,830 537 939 1,895 2,784 1,842 2,605 200 20,612 20,111 Charitsble activities expenditure 2023 2022 Breakfast church Youth club Youth café Ltttle Loves TLG New Wine conferen Messy Church Ukrainian travel Money advi ntre Alpha Mission giving Help fund giving 5,120 2,477 2,694 1.383 1,083 216 4,929 2.340 1,518 1,258 559 30 186 806 18,409 377 5,435 2,168 442 2,081 369 21,395 32,485 Our policy is to give away at least one tenth of our income to mission projects. Governance costs There were no govemance related costs in the current period (2022.. nil). Other resources expended 2023 2022 Insuran Bank Gharges Website and IT costs 129 60 10 506 81 199 683 Employee emoluments Average staff numbers in 2023 were 1 (2022: 3) with emoluments totalling £6,084 {2022'. £13,341). This includes £4,056 (2022: £6,552) for trusteès who were paid for the work they did for debt advice centre.
Love's Farm Community Church Notes to the financial statements Debtors and prepayments 2023 2022 Accnjed Income 2,784 2,532 Creditors 2023 2022 Charity donations creditors Accrual for food 1,900 97 1,997 Restricted Funds Balance at Incomlng Resources Balance at 31 1 January resources expended December 2023 2023 Cinnamon Grant Trussell Trust Acts 435 Love's Farm House Parish of St Neots for CMA Parish of St Neots for Youth Lidl ESCA Grant 1,441 3,970 (1,083) (3.970) (450) (250) (855) (150) (555) (100) 358 450 250 300 150 555 100 5,779 1,805 (7,226) 358 Brought forward was £1,441 which was reiVed from Cinnamon Grant for TLG and £1,083 of this grant was used during the year. Brought forward was £3,970 which was received from the Trussell Trust for Love's Farm Communty Money Advice for wages and other running costs, which was used during the year. In 2023. £450 was reiVed from various grants from the charity, Acts 435, which is a crowd funding website which raises money for families in need. The money was used for various items for Love's Farm Community Money Advice clients. On 12 January 2023. £250 was received from Love's Fam House towards the youth club vthich is run weekly. This was used during the year. On 19 January 2023, £300 was rerEived from St Mary's Parish church towards the Community Money Advice centre to assist with the running costs. This was used during thè year. On 19 January 2023, £150 was received from St Mary's Parish church towards the youth activities undertaken. This was used during the year.
Love's Farm Community Church Notes to the financial statements Restricted Funds Icontlnued) On 25 April 2023, £555 was received from Lidl towards Love's Fami Community Money Advice to assist with the support the team give to families. This was used during the year. On 14 November 2023, £100 was reiVed from Eaton Socon Community Association (ESCAI towards Love's Farm Community Money Advice. This was used during the year. 10 Grants No unr8Stricted grants were received in the year. 11 Analysis of net assets between funds Unrestricted Restricted Endowment funds funds funds Totsl 2023 Tangible fixed assets Investments Current assels Current liabilities 19,304 358 19.662 19,304 358 19,662 10