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 2025 Team Rector Revd Kyla Sorensen St Faith's Rect(Ky Gayton Road King's Lynn PE30 4DZ Methodist Minister (from September 2025) Revd Judith Bell 9 Peckover Way South Wootton King's Lynn PE30 3UE Bank Barclays Bank plc 91-92 High Street King's Lynn PE30 1 BL Independent Examiner Mr Jonathan Beart Rectory Cottage St. Andrews Lane Congham PE32 1 DU Annual repcrt for 2025 pages3-4 Statement of. financial activities page 5 Balan￿ sheet page 6 Accounting policies pages8- 10 Notes to the financial ststements pages 11-14 Independent Examinerfs RepcKt Page 15 Page 2 Annual report 2025 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 dergy team and in promoting the whole mission of the Chlrch in the parish. Ths 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 pansh. Our ServI￿S and worship put farth into practice through prayer. scripture, music and sacrament. Everyone is welcome at our regular serviTrs. We try to enable people to Itve out their farth as part of our parish rx)mmunty through.. worship and prayer. leaming 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 imFJ)rtant that we maintain the fabric of the church building and manage the finan￿S propedy. 2025 has been a year of promise at St. Faith's. Ive have had to be persisterrtly patient but many months, even years of faittthil Fxayers have been answered. We have seen growth in our numbers and many new fa￿S have been wekomed in church arKJ at community events. One of the most special welcomes was the arrival of our new Methodist Minister, Revd Judith Bell who joined us in Septembw. 1Ole are looking fonmard to continuing to grow our connections within the Cirojit and our Methodist tradrtion in church. The year was also tinged wtth sadness as we have said goodbye to some dear friends but WFth glad hearts for well-loved friendships and lives lived well in Christ. Our lrfe events at St. Faith's continue to te an important connection with the parish around us and in 2025 we held 33 baptisms, 28 funerals arKJ 6 weddings. These are wonderful opportunities for local families to reconnect with their parish church - and we are always looking for ways to be more invitational - hoping to eno)urage families to engage with church lrfe in other ways. Food in School Holidays breakfast club has been diffiojlt to get going - but we have a few faithful families for whom it is a lifeline outside of the school term. The small numbers have given us OPFK)rtunities for good pastoral conversations arKI, where wssibie, signposting families to help and support through (Krtside agencies. After a period of a few months on pause, we were delighted to S￿ the Forget-me-nots over 60s lunch dub restart wrth ccmmunty volunteers at the helm. We welcomed Eleanor Morrison, a third-year ordinand to St. Faith's for a placement earlier in the year and we were absolutely delighted to announ￿ in November that she will be joining us as Assistant Curate in the summer of 2026. St. Faith's has taken part in a few wider King's Lynn communty events (Creating Communities, Mamot and Pride in Pla￿) across the year which were great events for networking and developing connections wtth other charities, groups and agencies in the town. Through these connections St. Faith's is now part of the KL Council bid for Pride in Page 3 Place funding a(xoss the town - arKI rf successful, St. Faith's will be leading in two areas- Fairsteadl King's Reach and Gawwood ￿ntral. Just as our worship brings us together in praise, we have also enjoyed a variety of social events throughout the year. coffee momings. Con￿rtS. fetes, a book fair, games aftemoon, Big Cream Tea as well as Harvest lunch and Christmas Day lunch. All of these events have not been solely for raising much needed funds for St. Faith's but as opportuntties to come t(yJether as church and community. None of this would be possible, none of i( without all the amazing he￿ from all those who give their lime to ensure the smooth runniThJ of all aspects of churth lrfe. My heartfelt thanks go out to all of you for everything you do. It is God's work and we are all grateful that you do it with love. Our finances have remained strained and our Finance Team work hard to do the very best to manage what we do have. However, we go into 2026 with a projected deficit on again. We all need to take this on board and work together in order to be able to fulfil our financial obligations to the Churth of England and the Meth(yJist Churth. As a church we are deepening our discipleship with regular Bible study groups and Lent and Advent groups as well as joining with other churthes in our Deanery and the Churches Together Walk of ￿l￿nesS on Good Friday. This year we ran a Youth Alpha course. Finally, just before Christmas we inteNiewed for our Pioneer Associate Priest post - a brand new role for specialist outreach ministry working primarily on the estates. We were happy to announ￿ Revd Dr Fiona Munn will be joining the team in the Spring of 2026. After consultation, we have begun the prO￿sS of past(￿al reorganisation, to change from being a Team Ministry to a Single Parish Benefi￿. It is a lengthy PrO￿sS but we have been assured that li will not interfere wilh the new appointrnent. "For I know the plans I have for you.. dedares the Lord. 'plans to kyosper you and not to harm you, plans to give y¢JJ ho[￿ and a future.. Jeremiah 29.11 Administrative infornwtion St Faith's Church is a local ecumenical partnership of Anglicans and Methodists, and is in the Diocese of Norwich and the West Norfolk Methodist Circuit of the East Anglia District. The Corresponden￿ address is St Faith's Church Offi￿, Gayton Road. King's Lynn, PE30 4DZ Page 4 Church Council Trustees 2025 Clergy Team Rector Methodist Minister Methodist Minister Revd Kyla Sorensen Revd Robert Roberts (until 31 August 2025) Revd Judith Bell (from 1 September 2025) Elected Officers Churchwarden Churchwarden Andrea Pearson Ltz Mbuthia Methodist Steward Joan Greening Circuit Steward (Co-opted) Rachel Vyse Church Treaswer ArKly Hiles Elected Trustees John Abraham (from 29 April 2025) Chris Ballard joy￿ Banham Robin Banham Sue Benstead (until 29 P4)ri12025) Susie CrankTrPage Ruth Flint David GreeniNJ Gillian Hiles Rthard Hooke Liz James Evelyn Nadar (resigned 14 September 2025) Uma Stephen Paul (from 29 April 2025) Trffany Ridd Joyce Stevens (until 29 April 2025) Matthew Stevenson Sarah Stevenson Deanery Synod Rep Deanery Synod Rep Signed...................... Date 614-1 Signed................................... Date Page 5 Church Council of SL Fait￿ Gaywood Balance Sheet * 31st December 2025 2025 2024 FIXED ASSETS Tangible fixed assets Note 382.393 384,848 Investmerrt assets 6,550 6,879 CURRENT ASSETS Debtors 388.943 391.727 16,770 14.806 Short tenn de￿Sts (CBF fU￿ls} 17.456 16,619 Cash at bank and ￿ hand 12,407 10.772 46.633 42.197 LIABILrriES: AMou￿rS FALLING DUE wrrHIN ONE YEAR 1.572 1,741 NET CURRENT ASs￿s 45.061 NET ASSErs 434004 432.183 FUNDS 718 Unrestrirted 412,590 413,736 Restri￿ed 21.413 18,448 Approved by the church ojunol on an(i signed on its tehalf by: 434.004 432,184 Mr. AndTh Hiles MAAT Treasurer T.he notes on pages 11 to 14 fomi part of these financHI statements Page 7 Accounting policies The financial statements have b￿n prepared under the Charities Act 2011 and in accordan￿ with the Church Accounting Regulations 2CXA together wtth the applicable accounting standards, the Charities SORP 2LK)5 and in accordan￿ wrth the relevant requirements of FRS 102. The financial statements have ben prepared under the historical cost convention ex￿pt for the valuation of investment assets, which are shovm at market value. Funds General funds represent the funds of the thurch council that are not subjed to any restrictions 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 SF)eciFic object for which they were given. Any balance remaining unspent at the year end must be carried fO￿ard as a balance on that fund. The purpose and details of these funds are provided in note 8. Incoming resources Voluntsry income and capital resources Collections are recognized when received by or on behalf of the church council. Planned giving re￿1vable under G"rft Aid is recognized only when re￿Ived. 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 chLJrch council is notrfied of rts legal entitlemen( the amount due is quanttfiable and its u￿[mate re￿Ipl by the church council is reasonably ￿rtaIn. Funds raised by any fete, garden party and similar event are accounted for gross. Other income Rental income frorn the letting of thurth premises is recognized when the rent is due. Income fmm investments Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue. Tax recoverab￿ on such incnme 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 investrnents at 31 December. Resources used Outgoing resourc£s are re(￿JnIsed as s￿n as there is a legal or constructtve obligation committing the church council to pay put resour￿. Grants Grants and donations are acccrfjnted for when paid over. or when awarded, if that award creates a binding obligation on the churth council. Page 8 Activities relating directy to the work of the Church The dI0￿san parish share and Methodist contribution are accounted for when paid. Any parish share or Methodist corrtribution Unpa￿ at 31 December is provided for in these financAal statetnents as an operational (tIK)ugh nol a legal) liabilrty and is shown as a creditor in the tj9jan￿ sheet. Fixed assets Consecratedpropety and movable church furnishings Consecrated and beneficed property of any kind is exduded from the financial statements by s.96(2)(a) of the Charities Act 1993. Movable church fijmishings held by the vicar and churdNardens on special trust for the church ¢ouncil and which require a faculty disposal are accounted for as inalienable propety unless consecrated. They are listed in the church's inventory, whith can be inspected (at any reasonable time). For inalienable propety acquired prior to 2000 there is insufficient cost infomiation available arNJ therefore such assets are not valued in the financial statements. Items acquired Sin￿ 1 January 2tX)O have been capitalized and depreciated in the financial statements over their currently anticipated useful economic lrfe on a straight-line basis, starting in the first complete year after their acquisttion. All expenditure inojrred in the year on conse(xated or beneficed buildings. individual items under £1000 or on the repair of movable church fvmish1￿S aCqu￿ed before 1 January 2000 is written off. Other fixtures, fittings and office equipment Equipment used within the church premises is depreciated on a Stra￿ht4Ine basis over 10 years. Individual items with a purchase pri￿ of £1 (XX) or less are written off when the asset is acquired. Church Bungalow/ The St Faith's Communty Hub Most of the cost of converting the fonner Church Bungalow into the The St Faith's Community Hub has been capitalised in sections. 1. The cost of the building works have been shown in the accwnts as an Addition 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 refle(* the revaluation. 2. The cost of installing new doors, refvrbishing the kitchen and utilrty room, installing the new toilets, and the electrical works carried out are shown as Fixiures aTrJ Fittings. These items will be depreaated on a straight line basis over 25 years. The remainder of the costs have been treated as reverKJe items. Investments Investments are valued at market value at 31 D￿Mber. Page 9 Current assets Amounts owing to the church 03uncil at 31 December in respect of f￿s, rents or other income are shown as debtors less tffoNllsion for amounts that may prove uncollectable. Short-terni deposits include cash hekj on deposrt either with the CBF Church of England Funds or at the bank Liabilities: amounts falling due within one year Amounts owed by the thurch cnuncil at 31 D&ember in resFect of fees, clergy expenses or other expenditure are shown as credÉt¢ys. Page10 Church Ccwncil of St. Failty Gaywood Notes to the Financial Statements forthe year ended 31 December 2025 Restricted funds Total funds desuiption funds 2025 2024 INCOMING RESOURCES 2a Incoming res0w￿S