## **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 servI￿s 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 fInan￿S 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 DI0￿Se 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 ex￿pt
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 re￿IVed 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
De￿rnber.
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 De￿rnber 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 MIs￿lIaneoUS 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 De￿rnber 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 balan￿S 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