Our vision: We want to bring people to know the love of Jesus.
This report has been renamed from “Achievements and Performance” to “Flourishing Together”. Although certain aspects of the day to day running of the church must be approached in a businesslike manner, our life in faith together cannot and should not be measured in that way. The daily running is certainly important, but it can be all too easy for us to focus on the mechanics of running the church buildings or managing finances, (and for those of us involved in those aspects) it can be difficult to see beyond them to the true nature of our being in community – that is, following Jesus. We are not about performance but rather about standing side by side at the foot of the Cross, and bringing others with us. So, we should be encouraged to shift our focus to the missional nature of our belonging.
God is the one who makes all things grow. (1 Cor. 3:7)
For 2024 we give much thanks and praise to God for all the good things that have happened at St. Faith’s and within our networks in and around King’s Lynn. Community connections have been strengthened, our church congregation has grown and we are blessed with a developing diversity particularly in age and ethnic heritage. We continue to develop our understanding of what it means to be an inclusive church.
We celebrated 50 years of sharing in June 2024, where we welcomed Rt Revd Graham Usher - Bishop of Norwich, the Revd Julian Pursehouse – Chair of East Anglia Methodist District and numerous former Rectors, Team Vicars and Curates to a Service of Celebration followed by a fabulous lunch in the Church Rooms. During the service we signed an updated version of our Ecumenical Vision Statement, reaffirming our commitment to the following four areas – faith, communion, pastoral care and mission.
Our worship continues to be broad: Ranging from traditional BCP and sung Eucharistic services to special liturgies and our evening services which give us the time and place to be more creative in our approach – popular services include Taizé, Healing Services and Celtic Holy Communion. Whilst there is often a distinct congregation in the evenings – there is overlap and we welcome worshippers from other churches too.
We persevere in our desire to seek to deepen our spirituality: New Bible study groups have been introduced, our prayer groups and meetings are open to all, and we are grateful for the all the opportunities we have to develop our discipleship and grow in our faith.
In September 2024 we said goodbye to Revd Robert Roberts as he moved to the Barton, Brigg and Wolds Circuit during stationing. Whilst it was disappointing not to be matched with a new Methodist Minister in the first rounds of Stationing, it has been an absolute joy to welcome Superintendent Paul Critchley to our meetings and our worship – his exuberance and inclusive oversight of our churches, and our Circuit in general, is a breath of fresh air and Spirit led.
On 1[st] September, Revd Kyla alongside her colleague Revd John Price from The Beacon in North Lynn was licensed as Authorised to Serve within the West Norfolk Methodist Circuit and welcomed with open arms. As one colleague so kindly said: “You are now part of the family!” As a church, we are participating more and more in Circuit life – which is a blessing to all of us.
King’s Lynn Deanery – good relations continue to build with most of the churches in our deanery. In the main, colleagues choose to support each other, and Lent and Advent groups are particularly uplifting as each session welcomes around 20-25 participants from at least 5 different churches.
Churches Together – St. Faith’s will be hosting the Peace and Justice Forum in the Church Rooms in January 2025, which will give us national recognition as the CEO of Church Urban Fund, the Rt Revd Rob Wickham will be visiting us for the second time in 6 months, this time to deliver keynote speeches. As Revd Kyla is
Joint Moderator with Revd June Love from the Baptist Church, St. Faith’s is at the forefront in interdenominational relations across the churches in King’s Lynn.
Fundraising – our fairs, cycle ride, concerts, coffee mornings have been fundamental in bringing in much needed funds. However, our finances remain strained, and we will need to think harder and more creatively in 2025 about how to fulfill our financial obligations. Thank you to all who responded to our requests for donations or more regular giving, but each and every one of us will need to dig deep and give more generously if we are to meet our Parish Share and Methodist Assessment in 2025.
Our social events continue to be important in our yearly diary, not just for fundraising but for our outreach and for building connections in our community. In 2024 we hosted coffee mornings, concerts, an art exhibition, a local history exhibition as well as participating in the annual King’s Lynn History Day in September. The Forget-me-nots lunch club and Friendship Café continue to welcome people from Gaywood and beyond and the Craft Group is proving to be a popular get-together. Our thanks go to all the volunteers who enable these gatherings to run so regularly.
Life events – in 2024 we celebrated 19 baptisms, 5 weddings and took 35 funerals. These numbers may seem insignificant in the general life of the church but added together we can see that we have had the opportunity to welcome thousands of people into church who may not have otherwise stepped over the threshold. For 2025 we already have weddings and baptisms booked and we are working on our follow up for all of our life events to support and encourage further engagement with families.
Mission giving – in 2024 our mission giving, mainly from retiring collections, totalled £2268.71 given to 12 different local, national and international charities. However, our giving is not limited to the monetary contributions on the poster we see in church, but also in our donating space in our Church Rooms or the Hub to groups such as MIND, Faith in Community Mental Health Group, or hosting the Night Shelter’s AGM in church and many more.
Satellite Foodbank – a new mission initiative. We are delighted that during 2024 plans were being made to open a Satellite Foodbank in the Hub to open in January 2025. This will run alongside a Connect Café on Wednesday mornings in the social space offering a warm welcome to church folks, community members and Foodbank service users.
St. Faith’s place in civic life is important – although we hold only one key Civic Event each year, that is Gaywood’s Remembrance Service in November, it is an opportunity for us to connect with our uniformed organisations, with local residents and other churches. The road closures for the parade are now fully supported by the Council and we are grateful to our local Councillors for working alongside us to secure that funding going forward. It is particularly important, as it is the one service a year where we welcome over 150 children of all ages into church to worship with us.
Children and Families Ministry – we are delighted to see new families come through our doors on a Sunday morning and to celebrate our little ones who are growing in height and confidence. It is a joy to be part of their spiritual growth and to be their church family as they grow up. However, due to lack of capacity, Diddy Disciples has had to be put on hold for the time being until we get new ministers onto the team.
We have been able to continue to build on our good relationships with our schools. We welcome the children into church regularly during the church year for learning and celebrations and Revd Kyla goes into schools for activities and events. If anyone is interested in being involved in schools work – then please get in touch with Revd Kyla.
In the summer, the Rectory garden was the venue for a Teddy Bear’s picnic, water games with the Cubs and Beavers, and a BBQ with Junior Gateway Club. Thank you to everyone who ran children’s activities at the
fairs, volunteered at the Messy Church sessions, and to Daphne for running a wonderful Godly Play at the beginning December. We have also been blessed with a new Squirrel Drey on a Wednesday evening in the Church Rooms. Thank you to Andrea and Stephanie (plus others!) for their commitment in this.
As ever – there is much that goes on behind the scenes for any of our activities to go ahead – thank you to all our volunteers who bake, clean, wash up or show up to be a welcome face at the door at services and events.
Revd Kyla’s deepest thanks go to our Churchwardens Andrea and Liz, our Methodist Steward Joan, and our Deputy Wardens Chris, Ruth and Susie who have given her unwavering support throughout this year. Leading single-handedly can be challenging and tiring at times, but the FAB Team (as they are affectionately known) have been amazing.
Growing our church - St. Faith’s was selected with 7 other churches to take part in a fully-funded Diocesan initiative called GROW running over 8 months encouraging thinking and strategy around building church growth. A small team have been to the first gatherings and are developing thinking about our community. More to come in the coming months.
We are to be encouraged by the many blessings we have been given in 2024. In 2025 we look forward to a Confirmation Service, welcoming an ordinand Eleanor Morrison on placement in the New Year and our curate Ros Wright in the summer. We anticipate being matched with a Methodist Minister hope for our parish profile to be published and the post for Pioneer Mission (Associate) Priest to be advertised.
There is much to be thankful for, much to pray for. We are blessed to be one church family, spanning two traditions and flourishing together.
This is a long report because we have a busy church life! We are living out our calling in the light of Jesus’ words in John 10:10 “I have come that they might have life, and have it in abundance.”
Revd Kyla Sørensen SMMS Team Rector
St. Faith's Church, Gaywood, King's Lynn Single Congregation Local Ecumenical Partnership Gayton Road, King's Lynn PE30 4DZ Registered Charity Number: 1168610 Annual Report and Financial Statements of the Church Council for the year ended 31st December 2024 Team Rector Revd Kyla Sorensen St Faith's Rectory Gayton Road King's Lynn PE30 4DZ Methodist Minister {to September 2024) Revd. Robert Roberts 9 Peckover Way South Wootton King's Lynn PE30 3UE Bank Barclays Bank plc 91-92 High Street King's Lynn PE30 1BL Independent Examiner Mrs. Claire Melton FCCA, TEP Stephenson Smart Chartered Accountants 22-26 King Street King's Lynn Norfolk PE30 1HJ
Annual report for 2024 pages3-7 Statement of financial activities page 8 Balan sheet page 9 Accounting policies pages 10- 12 Notes to the financial statements pages 13- 16 Independent Examiner's Report Pages 17- 18 Page 2
Annual report 2024 Aim and purpose The Church Council is responsible for co-operating with the Methodist Minister, the Team Rector, the Team Vicar, and the Assistant Curate in the clergy team and in promoting the whole mission of the Church in the parish. This mission is pastoral, evangelistic, social and ecumenical. Objectives and activities The church council is committed to enabling as many people as possible to worship at our church and to become part of our communty at St Faith's. It maintains an overview of worship throughout the parish. Our seTvices and worship put fatth into practice through prayer, scripture, music and sacrament. Everyone is welcome at our regular services. We try to enable people to live out their faith as part of our parish community through: worship and prayer, learning about the gospel, and developing their knowledge and trust in Jesus. provision of pastoral care for people living in the parish missionary and outreach work To enable us to carry out this work it is important that we maintain the fabric of the church building and manage the finances properly. Flourishing Together (formerly Achievements and Performance) Our vision: We want to bring people to know the love of Jesus. This report has been renamed from "Achievements and Performance" to "Flourishing Togetherf. Although certain aspects of the day to day running of the church must be approached in a businesslike manner, our life in faith together cannot and should not be measured in that way. The daily running is rtainlY important, but it can be all too easy for us to focus on the mechanics of running the church buildings or managing finances, (and for those of us involved in those aspects) it can be difficult to see beyond them to the true nature of our being in community - that is, following Jesus. We are not about performance but rather about standing side by side at the foot of the Cross, and bringing others with us. So, we should be encouraged to shift our focus to the missional nature of our belonging. God is the one who makes all things grow. (1 Cor. 3.7) For 2024 we give much thanks and praise to God for all the good things that have happened at St. Faith's and within our networks in and around King's Lynn. Community connections have been strengthened, our church congregation has grown and we are blessed with a developing diversity particularly in age and ethnic heritage. We continue to develop our understanding of what it means to be an inclusive church. We lebrated 50 years of sharing in June 2024, where we welcomed Rt Revd Graham Usher- Bishop of Norwich, the Revd Julian Pursehouse - Chair of East Anglia Methodist District and numerous former Rectors, Team Vicars and Curates to a Service of Celebration followed by a fabulous lunch in the Church Rooms. During the service we Page 3
signed an updated version of our Ecumenical Vision Statement. reaffirming our commitment to the following four areas - faith, communion, pastora5 care and mission. Our worship continues to be broad: Ranging from traditional BCP and sung Eucharistic seNices to special liturgies and our evening services which give us the time and place to be more creative in our approach - popular services include Taizé, Healing servIs and Celtic Holy Communion. Whilst there is often a distinct congregation in the evenings - there is overlap and we welcome worshippers from olher churches too. We persevere in our desire to seek to deepen our spirituality: New Bible study groups have been introduced, our prayer groups and meetings are open to all, and we are grateful for the all the opportunities we have to develop our discipleship and grow in our faith. In September 2024 we said goodbye to Revd Robert Roberts as he moved to the Barton, Brigg and Wolds Circuit during stationing. Whilst it was disappointing not to be matched with a new Methodist Minister in the first rounds of Stationing, it has been an absolute joy to welcome Superintendent Paul Critchley to our meetings and our worship - his exuberan and inclusive oversight of our churches, and our Circuit in general, is a breath of fresh air and Spirit led. On 1st September, Revd Kyla alongside her colleague Revd John Price from The Beacon in North Lynn was licensed as Authorised to Serve within the West Norfolk Methodist Circuit and welcomed with open arms. As one colleague so kindly said: "You are now part of the family!" As a church, we are participating more and more in Circuit life - which is a blessing to all of us. King's Lynn Deanery - good relations continue to build with most of the churches in our deanery. In the main, colleagues choose to support each other, and Lent and Advent groups are particularly uplifting as each session welcomes around 20-25 participants from at least 5 different churches. Churches Together- St. Faith's will be hosting the Peace and Justice Forum in the Church Rooms in January 2025, which will give us national recognition as the CEO of Church Urban Fund, the Rt Revd Rob Wickham will be visiting us for the second time in 6 months, this time to deliver keynote speeches. As Revd Kyla is Joint Moderator with Revd June Love from the Baptist Church. St. Faith's is at the forefront in inter-denominational relations across the churches in King's Lynn. Fundraising - our fairs, cycle ride, concerts. coffee mornings have been fundamental in bringing in much needed funds. However, our fInanS remain strained, and we will need to think harder and more creatively in 2025 about how to fulfill our financial obligations. Thank you to all who responded to our requests for donations or tnore regular giving, but each and every one of us will n&d to dig deep and give more generously if we are to meet our Parish Share and Methodist Assessment in 2025. Our social events continue to be important in our yearly diary, not just for fundraising but for our outreach and for building connections in our communty. In 2024 we hosted coffee mornings, concerts, an art exhibition, a local history exhibition as well as participating in the annual King's Lynn History Day in September. The Forget-me-nots lunch club and Friendship Café continue to welcome people from Gaywood and beyond and the Craft Group is proving to be a popular get-together. Our thanks go to all the volunteers who enable these gatherings to run so regularly. Page 4
Life events- in 2024 we celebrated 19 baptisms, 5 weddings and took 35 funerals. These nurnbers may seem insignificant in the genera5 lrfe of the church but added together we can see that we have had the opportunity to welcome thousands of people into church who may not have otherwise stepped over the threshold. For 2025 we already have weddings and baptisms booked and we are working on our follow up for all of our life events to support and encourage further engagement with families. Mission gNing - in 2024 our mission giving, mainly from retiring collections, totalled £2268.71 given to 12 different local, national and intemational charities. However, our giving is not limited to the monetary contributions on the poster we see in church, but also in our donating space in our Church Rooms or the Hub to groups such as MIND, Faith in Cornmuntty Mentsl Health Group, or hosting the Night Shelterfs AGM in church and many more. Satellite Foodbank - a new mission initiative. We are delighted that during 2024 plans were being made to open a Satellite Foodbank in the Hub to open in January 2025. This will run alongside a Connect Café on Wednesday mornings in the social space offering a warm welcome to church folks, community members and Foodbank service users. St. Faith's place in civic life is important- although we hold only one key Civic Event each year, that is Gaywood's Remembrance Service in November, it is an opportunity for us to connect with our uniformed organisations, with local residents and other churches. The road closures for the parade are now fully supported by the Council and we are grateful to our local Councillors for working alongside us to secure that funding going forward. It is particularly important, as it is the one Servi a year where we welcome over 150 children of all ages into church to worship with us. Children and Families Ministry- we are delighted to see new families come through our doors on a Sunday morning and to celebrate our little ones who are growing in height and confidence. It is a joy to be part of their spiritual growth and to be their church family as they grow up. However, due to lack of capacity, Diddy Disciples has had to be put on hold for the time being until we get new ministers onto the team. We have been able to continue to build on our good relationships with our schools. We welcome the children into church regularly during the church year for learning and celebrations and Revd Kyla goes into schools for activities and events. If anyone is interested in being involved in schools work- then please get in touch with Revd Kyla. In the summer, the Rectory garden was the venue for a Teddy Bear's picnic, water games with the Cubs and Beavers, and a BBQ with Junior Gateway Club. Thank you to everyone who ran children's activities at the fairs. volunteered at the Messy Church sessions, and to Daphne for running a wonderful Godly Play at the beginning December. We have also been blessed with a new Squirrel Drey on a Wednesday evening in the Church Rooms. Thank you to Andrea and Stephanie (plus others!) for their commitinent in this. As ever - there is much that goes on behind the scenes for any of our activities to go ahead - thank you to all our volunteers who bake, clean, wash up or show up to be a welcome face at the door at services and events. Revd Kyla's deepest thanks go to our Churchwardens Andrea and Liz, our Methodist Steward Joan, and our Deputy Wardens Chris, Ruth and Susie who have given her Page 5
unwavering support throughout this year. Leading single-handedly can be challenging and tiring at times, but the FAB Tearn (as they are affectionately known) have been amazing. Growing our church - St. Faith's was selected with 7 other churches to take part in a fully- funded Diocesan initiative called GROW running over 8 months encouraging thinking and strategy around building church growth. A small team have been to the first gatherings and are developing thinking about our community. More to come in the coming months. We are to be encouraged by the many blessings we have been given in 2024. In 2025 we look forward to a Confirmation Service, welcoming an ordinand Eleanor Morrison on placement in the New Year and our curate Ros Wright in the summer. We anticipate being matched with a Methodist Minister hope for our parish profile to be published and the post for Pioneer Mission (Associate) Priest to be advertised. There is rnuch to be thankful for, much to pray for. We are blessed to be one church family, spanning two traditions and flourishing together. This is a long report because we have a busy church life! We are living out our calling in the light of Jesus, words in John 10:10 "1 have come that they might have life, and have it in abundance." Administrative infonnation St Faith's Church is a local ecumenical partnership of Anglicans and Methodists, and is in the DI0Se of Norwich and the West Norfolk Methodist Circuit of the East Anglia District. The correspondence address is St Faith's Church Offi, Gayton Road, King's Lynn, PE30 4DZ Page 6
Church Council Trustees 2024 Clergy Team Rector Revd Kyla Sorensen Methodist Minister (to September 2024) Revd Robert Roberts Elected Officers Churchwarden Churchwarden Methodist Steward Ciicuit Steward (Co-opted) Church Treasurer Andrea Pearson Liz Mbuthia Joan Greening Rachel Vyse Andy Hiles Elected Trustees Chris Ballard JOY Banham Robin Banham Sue Benstead Susie Cranko-Page Ruth Flint David Greening Gillian Hiles Richard Hooke Liz James Evelyn Nadar Tiffany Ridd Joyce Stevens Matthew Stevenson Sarah Stevenson Deanery Synod Rep Deanery Synod Rep Signed L_: Signed... Date Date Page 7
Church Council of St. Faith's, Gaywood Statement of Financial Activities (Incorporating Income & Expenditure Account) For the year ended 31 December 2024 Unrestricted Restricted Funds Funds Total Funds 2024 2023 Note INCOMING RESOURCES Incoming resources from donors Other voluntary incoming resources Incoming resources from operating activities.. - to further the Council's objects to generate fvnds Income from investment 2a 2b 80,912 13,450 80.912 13,450 80,567 15,876 2c 2d 2e 11,239 7,377 398 11,239 7,572 1,237 11,932 10,245 1,063 195 839 TOTAL INCOMING RESOURCES 113376 1,034 114,410 119,683 Unrestricted Restricted Funds Funds Total Funds 2024 2023 Note RESOURCES EXPENDED Activities directly relating to the work of the Church Church management and administration Costs of generating funds 104,286 10,712 33 7,035 111,320 10,712 33 122,559 13,363 13 3b 3c TOTAL RESOURCES EXPENDED 115,031 7 035 122,065 135 935 TRANSFERS BEfwEEN FUNDS NET INCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS AND LOSSES 4,262 -1,655 4,262 -6,000 -7,656 -16.252 GAIN ON INVESTMENT ASSETS 4b 152 152 566 MOVEMENT IN FUNDS -5,765 -1,738 -7,504 -15.686 BALANCES BROUGHT FORWARD AT 1 JANUARY 2024 397,390 42,298 439,688 455.374 BALANCES CARRIED FORWARD AT 31 DECEMBER 2024 391,625 40,560 432,184 439,688 Page 8
Church Council of SL Faith, Gaywood Balance Sheet at 31st December 2024 2024 2023 Note FIXED ASSETS Tangible fixed assets 4a 3B4,848 387,305 Investment assets 4b 6,879 6,727 391,728 394,032 CURRENT ASSETS Debtors 14,806 15,015 Short term deposits (CBF funds) 16,619 15,356 Cash at bank and in hand 10,772 16,561 46.932 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 1,741 1,277 NET CURRENT ASSETS 40,456 45,656 NET ASSErs 432,184 439,688 FUNDS 718 Unrestricted 413,738 419,988 Restricted 18,448 19,700 432,184 439,688 Approved by the church council on and sign ehaff by.. Mr. Andrew Hiles MMT Treasurer The notes on pages 10 to 13 form part of these financial ststements Page 9
Accounting policies The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards, the Charlties SORP 2005 and in accordance with the relevant requirements of FRS 102. The financial statements have been prepared under the historical cost convention expt for the valuation of investment assets, which are shown at market value. Funds General funds represent the funds of the church council that are not subject to any restrickn'ons regarding their use and are available for application on the general purposes of the church council. Funds designated for a particular purpose by the church council are also unrestricted. Restricted funds are those funds that may only be spent on the specific object for which they were given. Any balance remaining unspent at the year end must be carried forward as a balance on that fund. The purpose and details of these funds are provided in note 8. Incoming resources Voluntary income and capital resources Collections are recognized when reIVed by or on behalf of the church council. Planned giving receivable under Gift Aid is recognized only when received. Tax recoverable on Gift Aid donations is recognized when the donation is recognized. Grants and legacies to the church council are accounted for as soon as the church council is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the church council is reasonably certain. Funds raised by any fete, garden party and similar event are accounted for gross. Other income Rental incorne from the letting of church premises is recognized when the rent is due. Incorne from investments Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognized in the same accounting year. Gains and losses on investments Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on revaluation of investments at 31 Dernber. Resources used Outgoing resources are recognised as soon as there is a legal or constructive obligation committing the church council to pay put resource. Grants Grants and donations are accounted for when paid over, or when awarded, rf that award creates a binding obligation on the church council. Page 10
Activities relating direcdy to the work of the Church The diocesan parish share and Methodist contribution are accounted for when paid. Any parish share or Methodist contribution unpaid at 31 Dernber is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. Fixed assets Consecrated property and movable church furnishings Consecrated and beneficed property of any kind is excluded fiom the financial statements by s.96(2)(a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust for the church council and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2000 have been capita5ized and depreciated in the financial statements over their currently anticipated useful economic life on a straight-line basis, starting in the first complete year after their acquisition. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1000 or on the repair of movable church furnishings acquired before 1 January 2000 is wrtten off. Other fixtures, fittings and office equipment Equipment used within the church premises is depreciated on a straight-line basis over 10 years. Individual items with a purchase price of £1000 or less are written off when the asset is acquired. Church Bungalow/ The St Faith's Community Hub Most of the cost of converting the former Church Bungalow into the The St Faith's Comrnunity Hub has been capitalised in two sections. 1. The cost of the building works have been shown in the accounts as an Addttion to the value of the building. At some point The Hub will be revalued professionally and any change in the valuation will be taken to the SOFA to reflect the revaluation. 2. The cost of installing new doors, refurbishing the kitchen and utility room, installing the new toilets, and the electrical works carried out are shown as Fixtures and Fittings. These items will be depreciated on a straight line basis over 25 years. The remainder of the costs have been treated as revenue items. Investments Investments are valued at market value at 31 December. Page11
Current assets Amounts owing to the church council at 31 December in respect of f&s, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. Liabilities: amounts falling due within one year Amounts owed by the church council at 31 December in respect of fees, clergy expenses or other expenditure are shown as creditors. Page 12
Church Council of SL Faith, Gaywood Notes to the Financial Statements for the year ended 31 December 2024 Unrestricted Restricted funds funds Total funds 2024 2023 INCOMING RESOURCES 2a Incoming resources from donors Planned giving Gift claimed Baptisms, weddings and funerals General collections 60.256 15.282 265 5.109 80,912 60,256 15,282 265 5,109 80,912 61,103 14,795 403 4,265 80,567 2b Other voluntary incoming resources Donations and general bequests Grants received Bungalow Legacies 5,888 7.562 5,888 7,562 3.688 12,188 13,450 13,450 15.876 2c Incoming resources from opeTrting aGtivities.' - to filrther the Council's objeGts Fees Hub hirers Hub rates refund 6,557 3,630 6,557 3,630 1,052 11,239 5,176 6,756 11,239 11,932 2d Incoming resources from operating activities.. - to generate funds Church office printing Church office MIslIaneoUS income Other income Fund-raising 33 33 103 3,482 3.863 195 3,677 3,863 4,702 5,440 10,245 195 2e Income from investment CBF Deposit Fund and bank interest Charities Investment Fund dividends 210 187 398 839 1,050 187 1.237 925 138 1.063 839 TOTAL INCOMING RESOURCES 113,376 1,034 114,410 119,683 Page 13
Church Council of St. Faith. Gaywood Notes to the Financial Statements for the year ended 31 December 2024 Unrestricted Restricted funds funds Total funds 2024 2023 RESOURCES EXPENDED Actiw"ties directly relating to the work of the Church Diocesan parish share Methodist circuit contribution Parish expenses Upkeep of services Church running expenses Church maintenance Childrens, work Subscriptions Calering Donations Mission and outreach Christmas Day mea5 Friendship café Depreciation Sound system Bungalow project Bank charges Miscellaneous 58,751 24.403 1,640 737 7,818 744 869 655 296 125 58,751 24,403 1,640 737 7,818 3,003 869 655 296 125 66,477 27,026 1,040 1,814 7,998 6.788 333 825 402 2,259 206 93 428 428 1,463 1,463 2,456 5,839 2,320 517 1,397 1,969 2,456 5,839 2.320 5,661 529 517 104,286 7,035 111,320 122,559 3b Church management and administration Church office equipment and supplies Church office running costs Govemance Hub running costs 4,323 2,417 852 4,323 2,417 852 3,120 10,712 6,512 2,439 4,412 13,363 10,712 3c Costs of generating funds Fund-raising 33 33 13 TOTAL RESOURCES EXPENDED 115,031 7.035 122,065 135,935 The church has no paid employees Page 14
Church Council of St. Faith, Gaywood Notes to the Financial Statements for the year ended 31 December 2024 FIXED ASSETS FOR USE BY THE PCC 4a Tangible fixed assets Bungalow Bungalow fixtures and fittings Total Actualldeemed cost at 1 January 2024 Additions At 31 December 2024 327,870 61,404 387,305 327,870 61,404 387.305 DEPRECIATION At 1 January 2024 Charge for the year At 31 Oecember 2024 1,969 2,456 4,425 2,456 2,456 NET BOOK VALUE At 31 December 2024 327,870 56,979 384,848 At 31 December 2023 327,870 59,435 387.305 In addition to assets with a purchase price of £1,000 or less, which are written off when the asset is acquired, all assets deemed to have been written down to Nil by 31 December 2024 have been excluded from the above ActuallDeemed Cost and Depreciation figures. Investment 4b assets Movements in Ihe year.. Market value- 1 January 2024 Net gain on disposals and annual revaluation 6,727 152 Market value- 31 Dernber 2024 6,879 Holdings al 31 December 2024.. 339 shares in the COIF Charities Investment Fund- historical cost at 31 December 202 £339 (2015.. £339} Unrestricted Restricted funds funds 2024 2024 Total DEBTORS 2024 2023 Gift Aid claimed other debtors 14.500 306 14,806 14,500 306 14,806 14,400 615 15,015 Page 15
UABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred income Olher creditors 1,741 1,277 1,741 1,277 ANALYSIS OF NET ASSETS BY FUND Unrestricted Restricted funds funds Total funds Fixed assets for Church use Fixed asset investments Current assets Current liabilities 384,848 6,879 23.749 -1,741 384,848 6.879 42,197 -1,741 18,448 Fund balance 413,736 18,448 432,184 FUND DETAILS 2024 2023 Fund balanS at the Balan Sheet date are as follows". Unrestricted funds Unrestricted general funds Designated funds.. Rector & Warden's Fund Calering Fund J Collison donation Christmas Day Meal After school club Friendship café Youth fund 409,737 415,707 819 812 280 57 929 812 280 445 232 1,084 500 1,543 489 413.736 419,988 Restr¢cted funds Organ Fund Church Repairs Fund Radcliffe Centenary Fund Bungalow project (CBF fun(F) Bungalow project (community account) Training fund 2,485 4.161 6,324 2,407 2,174 899 18.448 2,174 6,087 6,005 41 4,493 899 19,700 Page 16
St Faith's Church Iii'ood, Kin(FS Li'nn Sin(wle Congreoation Local Ecumenical Partnership Independent Examinerfs Report to the Trustees of St Faith's Church Gaiiiood, KinJo Lvnn Single Conuregation Local Ecumenical Partnership I report to the trustees on my examination of the financial statements of St Faith's Church Gaywood, Kings Lynn Single Congregation Local Ecumenical Partnership {'the chariv) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charitls trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work ha5 been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'}. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5llbl of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The plannin8 and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a 'true and fair, view and my report is limited to those specific matters set out in the independent examinerfs statement. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: r accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Account5 and Reports) Regulations 2008 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. 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 financial statements to be reached. Claire Melton FCCA TEP Stephephenson Smart 22-26 King Street, King's Lynn Norfolk PE30 IHJ 10 April 2025