Charity Number.. 1165671 Trustees Report and Financial Statements For the year ended 31 December 2024 Love's Farm Community Church Charitable Incorporated Organisation
Love's Fami Community Church Contents Page Trustees, annual report Statement of financial activities BalaTr sheet Notes to the financial statements
Love's Farm Community Church Trustees, annual report About Love's Farm Community Church Love's Fami 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 rrespondenCe address is 18 Lannesbury cresnt, St. Neots, Cambridgeshire, PE19 6AF. Reference and administrative infomiation Love's Fami 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 (resigned 31 Dember 2024) Reverend Helene Tame (resigned 31 December 2024) Dr Marcus Pickering Mrs Kathryn Pickering - Treasurer Miss Samantha Claussen Miss Rebecca Symms {appointed 3 July 2024) Mr Philip Gwilt - Chairman (appointed 3 July 2024) Mrs Dawn Gwilt (appointed 3 July 2024) Mrs Jennifer Bishop {appointed 13 November 2024) Bankers.. CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Structure, Governance and Management Love's Fam Community Church is a CIO (Charilable incorporated organisalion) and is registered with Ihe Charty Commission of England. The method of appointment of the trustees is set out in the statutes. The goveming document is in the form of a Constitlrtion, adopted 20 February 2016. Aims and objectives Our aims are set out fomally in our constitutional document.. 'To advance Christianity for the public benefit in Love's Fami, St Neots and elsewhere in accordan with the stalement of faith set out in the schedule herèto through the holding of prayer meetings, lectures, public celebrations of religious festivals and by producing andlor distributing literature to enlighten others about the Christian religion. In addition, we seek to r81ieve poverty and support those who are in need, through providing advice and advocacy for people struggling with debt, distributing material and finanal 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 ststement Love's Fami Community Church seeks to impact and improve the spiritual, social and moral well- being of people through its example, teaching and practice of the Christian faith, and by organising welcoming, friendly and accepting events which build relationships. Through activities such as the
Love's Fann Community Church YoLrth 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 community will benefit from a place to come together, to meet others and to explore issues of faith and doubt. People who participate in Love's Farm Community Church activities will be encouraged to volunteer and serve around the communty, not only in activities organised by Love's Fami Community Church but also in initiatives run by others. This will enhan the wider well-being and cohesion of the Communty. As a community church focused on the Love's Farm and Wintringham housing developments in St Neots, the main section of the public who will benefit from our organisalion's purpose and activities is the population that lives physically in Love's Fami and Wintringham. However, we will not tum anyone away who lives elsewhere in St Neots. Love's Fami Community Church is committed to serving people of all ages on Love's Farm. However since the community demographic is weighted toward those between the ages of 2545, especially with young families, our primary focus is on that age group. Activities and perfonnance of the organisation Helene Tame, the community chaplain. who had led Love's Farm Communty Church since tts inception, resigned from her post in January 2024. As Helene's post had been funded for a fixed period by the Unrted Refomied Church. there was no immediate Suc$s1On plan. Marcus and Kathryn Pickering took over interim leadership of the church. Janet Sutton was appointed by the United Reformed Church in a part-time capacity as a transition worker, to work with partner denominations and help the trustees to formulate the long temi structure, strategy and resourcing of the church, and we have made significant strides towards foming a Local Ecumenical Partnership (LEP) with the United Refomed Church. Anglican Church and Baptist Union, which will secure funding for a full-time leader for the next few years. Under the CIO of Love's Farm Community Church, Breakfast Church has continued to meet each Sunday morning eXpl the first of the month, regulariy drawing around 40 people, up to a third of whom typically are under 16 years old. Each Sunday moming provides a mix of food, conversation, story-telling, prayer, worship and encounter. The church community has sought to maintain meeting points through the week forthe primary purpose of discipleship and praying for our neighbourhood. nation and worfd. Wednesday has become our prayer day with a short prayer time at 9am, this happens via Zoom. As a church communtty we have hosted other courseslstudieslgroups through the year both online and in person. The leadership group, which includes all of the trustees oflhe CIO, meets monthly to discuss both the day to day running of the Church and make plans for its longer term direction and structure. A small team continues to host the communty café at our local community centre on Tuesday mornings, providing people with another point of access with the church and to seNe our communty wtth a facility that is enjoyed by visitors to the cafe. On Thursday mornings, members and friends of Love's Fann Community Church continue to run a parent and toddler group, Little Loves, at the community centre, with regular attendance of beeen 60-80 pre-schoolers and their parentslcarers. The service also offers Little 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, for approximately 35 children aged beeen 8-11 years. This remains a popular event.
Love's Fami Community 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 penod. Financial review During this year, donations to the charity plus some brought forward reserves were sufficient to over all its expenses. The charity's income for the year was £22,933 {2023.' £22,659) and expenses came lo £11,215 (2023: £21,594). The balance offunds at 31 December 2024 was £31,380 {2023.' £19,682), with £283 being restricted funds {2023: £358). Reserves policy It is the trustees reserves policy to maintain a balance on unrestricted funds (if possible}, which equates to at least three months unrestricted payments. equivalent to £2,785, to cover emergency situations that rnay arise from time to time. The balan of £31,097 held on unrestricted funds. after designations, at the year end is much higher than the target. Our previous minister, who was paid from exiernal sources, stepped down in January 2024 and the additional reserves are required to provide contingency in the interim period until funding can be secured for a new minister. The balan of £283 in the r8Stricted funds is towards the TLG project. Going concern statement 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 concem 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 charity is exempt from needing an audit and since in 2024 the gross income is less than £25,000 the charity is exempt from needing an independent examination and the trustees have chosen to not have one. Statement of responsibilities of the Trustees The Charities Act 2011 requires the trusteès to prepare financial statements frjr 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 staternents, the trustees are required to.. select suitable accounting policies and apply them consistently,. • obseNe 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 disclosed 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 Charitl8s Act 2011. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud
Love's Farm Community Church and other irregularities. Approved by the trustees on /1 I Z02 r and signed on its tehalf by Philip Gwilt (Chainnan of the Trustees)
Love's Farm Community Church Statement of financial activities For the year ended 31 December 2024 2024 Total funds 2023 Total funds Unrostrfcted Re8trlcted funds funds Incoming resour¢es Notes Incoming re80urce# from g•D•rated funds Voluntary Income Incoming resources from donors Grant income 22,345 22.345 20,612 1,805 22.345 22,345 22,417 Activities for gonoratlng funds Investment Incomo Incomo from charttabl• actlvlty 588 588 242 Total Incomlng rosourcos 22,933 22,933 22,659 Resourcos expended Charitsble actlvltle8 Govemance costs Oth•r resource8 expendod 10,941 75 11,016 21,395 199 199 Total regources used 11,140 75 11.215 21,594 Net (ou¢goingVlncomlng resourc08 before transfers 11,793 1751 11,718 1,065 Transfers betsveen funds Net {outgoingVlTrcomlng rnsourcos before r•valuation8 11,793 {75} 11,718 1,065 Realised gainl{lossl on valUation of fixed assets Realised gainl{lossl on investments Nel movement in funds 11,793 {751 11,718 1,065 Funds carried forward at 1 January 2024 19,304 358 19,662 18,597 Funds carried fOard at 31 December 2024 31,097 283 31,380 19,662 All arnounls relate to continuing activities
Love's Farm Community Church Balance sheet as at 31 December 2024 2024 2023 Notes Flxed assets Tangible fixfjd assets Investments Total fixed a88ets Current assets Debtor$ Cash at bank and in hand 2,784 16.878 31,880 Total current a8s¢ts 31,880 19,662 Llabilities- amounts falling due within one year 500 Net current assets 31,380 19.662 Net assets 31.380 19,662 Funds Unre8trlcted 31,097 19.304 Restrlcied 9,11 283 358 Endoymient funds 11 31.380 19,662 Approved by the trustees on and signed on its behalf by Philip Gwilt (Chaimian of the trustees)
Love's Farm Community Church Notes to the financial statements Accounting policies These financial statements of the charity have been prepared on a going conrn basis and on behalf of the trustees in accordance with the Accounting and Reporting by Charities - Statement of Recommended Practi SORP (2005) togelher with applicable arKounting standards and the Charities Act. They have been prepared under the historical cost Convention. Incoming Rasources Recognition of incoming resources These are included in the Statement of Financial Activtties (SOFA) when: the charity becomes entitled to the reSoUrS the trustees are virtually certain they will receive the resOurS,. and the monetary value can be measured with sufficient reliabilrty. Grants and donations Grants and donations are only included on the SOFA when the charity has unconditional entitlement to the resour$. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees. annual report. Expenditure and Llabllltl•8 Liability recognition Liabilities are recognised as soon as the is legal or constructive obligation committing the harity to pay oul resources. Govemance costs Include costs of the preparation and examination of statLrtory accounts, the costs of trustee meetings and cost of any legal advice to trustees on govemance or constitLrtional 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 Gharity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at Gost or. rf gifted, at the value to the charity on 1pt. 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 funds represent those received for specific purposes as specified by the donors. Endowment funds are those where there is a requirement imposed by the donor to retain capital, but which allows income to be used.
Love's Farm Community Church Notes to the financial statements Incoming resources from donors 2024 2023 General donations from individuals Gfft Aid Little Loves giving Youth club giving Youth café giving 15,086 3,857 1,275 2,127 13,181 2,784 1,842 2,605 200 22,345 20,111 Charitable activitlos expendlturn 2024 2023 Breakfast church Youth club Youth café Little Loves TLG New Wine conference Ukrainian travel Money advice centre Mission giving Help fund giving 5,149 2,083 5,120 2,477 2,694 1,383 1,083 216 377 5,435 2,168 442 1,384 75 25 2,300 11,016 21,395 Our policy is to give away at least one tenth of our income to mission projects. Governancè costs There were no g0Veman related costs in the current period {2023". nil). Other resources èxpended 2024 2023 Insurance Bank charges Website and IT costs 129 60 10 129 60 10 199 199 Employee emoluments Average staff numbers in 2024 were nil (2023: 1) emoluments totalling £nil (2023: £6,084). This includes £nil (2023= £4,056) for hvo trustees who were paid for the work they did for debt advice centre.
Love's Farm Community Church Notes to the financial ststements Debtors and prepayments 2024 2023 Accrued Income 2,784 Creditors 2024 2023 Charity donations creditors 500 Restricted Funds Balanc8 at Incomlng Resources Balance at 31 1 January resources expond8d December 2024 2024 Cinnamon Grant 358 (75) 283 358 {75} 283 Brought forward was £358 which reiVed from Cinnamon Grant for TLG and £75 of this grant was used during the year. 10 Grants No unrestri¢ted grants were received in the year. 11 Analysis of net assets betweon funds Unrestricted Restricted Endowment funds funds funds Totsl 2024 Tangible fixed assets Investments Current assels Current liabilities 31,597 (500) 283 31,880 (500) 31,097 283 31,380