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2024-07-31-accounts

ANYUAL REPQI ACCOUNT 2023-2024 fc£ith in kids

*1 YT14 Fhr ,Contents - 01 Faith in Kids Annual Report &'Account 2023-202

Contents

Welcome 03 About Faith in Kids 05 Achievements of the year 11 Thank you 18 Financial review 20 Structure, governance & management 24 Statement of Trustees’ responsibilities 27 Financial statements 29 Reference & administrative information 53

The trustees present their annual report and the independently examined financial statements for the year ended 31st July 2024. Included within the trustees’ report is the director’s report as required by company law.

Reference and administrative information set out on page 53 forms part of this report. The financial statement complies with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102 (Charities SORP).

02

Welcome from our Chair of Trustees

I am delighted to present our 2023/24 Annual Report, which shows the significant progress made this year towards achieving our mission to encourage, inspire and equip the influencers of faith in children through support, training and resources.

We are grateful for the three key audiences we serve - parents, church leaders and those serving in children’s ministry. The support, constructive feedback and encouragement we receive on a regular basis from them gives us valuable insight and context for the work of Faith in Kids, and spurs us on in our mission.

In the second year of our five-year strategic plan, it is a testament to the hard work and dedication of our Executive team and staff, and the commitment of our trustees, supporters and strategic partners that we have achieved our financial and non-financial goals for the year. We have been so encouraged by the prayers and generosity of our donors and supporters, and the Lord’s provision in what remains a challenging landscape for Christian charities.

We reflect on a year where we have been able to increase both our impact and reach in seeing confident parents and thriving churches raise children together, to trust Jesus eternally. In order to facilitate the delivery of a series of new in-person events across the UK, and an increased focus on resource production and delivery, the staff team was expanded during the year to include an Operations Co-ordinator, and a Resources Editor to oversee the written resources team. In line with future growth plans, we hope to make further additions to the team as we move forwards. The financial statements show a healthy reserves position, which afford Faith in Kids the opportunity to both run an investment budget in the coming year, and to proceed confidently with our strategic plans.

The Board of Trustees plays a crucial role in the governance and management of the charity, in being accountable to donors, regulators and beneficiaries, and at the same time holding the

organisation to account and supporting it in achieving its strategy, policies and resourcing. During 2024, we undertook a recruitment campaign to increase the capacity and capability of the Board, and are delighted to have welcomed four new trustees to augment and strengthen the existing Board in October 2024.

To end, let me share the story of a church leader who attended our training this year. He explained that he and his wife had come to faith in their 30s. As an accountant, their church had been quick to see his potential to serve as the church’s treasurer. His wife was similarly put to work as a teacher in the Sunday School. He reflected that he wished their church had been as quick to help them see the priority of raising their own children to know Jesus as Lord. What an opportunity missed! This shows the very essence of the vision and mission of Faith in Kids. Will our churches and families grasp the opportunity and the priority of showing their children Jesus Christ?

In Christ,

Yolanda Ibbett Chair of Trustees on behalf of the Trustee Board

Faith in Kids Annual Report & Accounts 2023-2024

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Welcome from our CEO and Ministry Director

It has been another year of serving parents and churches, seeking to encourage them in their partnership to raise children to know Christ as their Lord. We are passionate about equipping those parents and churches to confidently reach their children with the Good News of Jesus Christ.

Our strategic desire is to equip them from a distance, delivering all of our resources digitally. This is so that it is not us, but the parents and the local church who are engaging the children they know and love. This means that we usually do not get to see the impact of our efforts personally. Instead we are reliant on hearing stories from others who have seen God do miracles in the lives of those they love, through our efforts landing in their families and communities. This has been my favourite letter of the year. Hear the joy in it!

I just wanted to thank you for the 'Who am I' series - both as a mum of three under 5s and as a children's leader. I lead the kids' work at our local church in Cardiff - we're a 6 year old church plant in a multicultural area of south Cardiff and have about thirty under 10s each week. We had a session with the kids leaders last week to talk about 'Who am I', watch the training video together and pray - people seem to have really captured the vision so I'm excited

that we'll be starting it with the kids this Sunday.

I've been binge listening to the podcasts whilst washing up and folding the laundry - thank you so much for these. They are so helpful and fun to listen to. Keep up the good work!

This speaks of so much that we are trying to achieve. We want to reach those smaller churches, who have less time, fewer resources and often slightly more chaotic groups! We can make a difference for them. We want them to feel able to use our resources flexibly, so that our work lands well in the lives of those they know well. They know their brothers and sisters better than we do!

We are grateful to God for all that he has enabled us to do this year. Please read through our annual report, feel encouraged and thank God for what he is doing in young lives.

Ed Drew CEO & Ministry Director

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About Faith in Kids 05 Faith in Kids Annual Report & Accounts 2023-2024

About Faith in Kids

Purpose and Aims

Our charitable objective, as set out in our constitution, is :

In order to equip parents, children’s ministry leaders and church leaders, we focus on producing:

To advance the Christian faith for the benefit of the public in accordance with the statements of belief appearing in the schedule in the UK or the world as the trustees may from time to time think fit and to fulfil such other charitable purposes which are exclusively charitable according to the law of England and Wales.

Ensuring our work delivers our aims

We regularly review our plans and activities to ensure they are achieving our aims. Our trustees regularly review strategic activity to ensure alignment and success in achieving our aims and objectives. Our trustees and Executive Leadership Team take part in an annual strategic planning day to ensure we remain focussed on our objectives and that our work is delivering the key aims and objectives we have identified. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

How our activities deliver public benefit

All of our activities are designed to advance the Christian faith for the benefit of the public, by supporting churches, church leaders, parents, families and children’s workers. With the exception of our books, which are published and sold through The Good Book Company, all our resources, videos and podcasts are free to the public. We charge a nominal fee for training events, to cover a portion of the running costs.

Who benefited from our services?

Our services are aimed directly at three key audiences; parents, church leaders and children’s ministry leaders. Our services are indirectly aimed at children, via these three key audiences.

The focus of our work

In order to see more children engaging with the Christian faith, we work with three key audiences:

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About Faith in Kids

Our vision is to see confident parents and thriving churches working together to raise children who trust in Jesus eternally.

age of 5. A further 12 percent came to faith by the age of 10 and a further 26 per cent between the age of 11-18.

We do that by encouraging, inspiring and equipping the influencers of faith in children with support, training and resources.

Research in 2022* revealed that 38 per cent of practising UK Christians came to faith by the

This means that three quarters of those in our churches today came to faith as a child or young person. Investing in children’s ministry is strategically vital.

*Source: https://talkingjesus.org/research

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About Faith in Kids

Our values

Gospel hearted

We are unashamed. We are ‘Jesus first’. We are about the better story; that is joyful, hopeful and found in Christ

Relational

We are wired for partnership. We connect to those we serve. We listen and we want to understand

Courageous

We will follow the need. We are daring, ambitious and bold in all that we do. We are not afraid to pioneer or to fail

Our strategic objectives

1. Resources

To develop market leading resources that pursue the goal of our vision

2. Strategic Partnerships

To develop relationships with gospel hearted organisations to unlock our vision and theirs

3. Reaching Wider & Further

We seek to take our efforts across cultures, socio-economic divides, church ‘tribes’, denominations and across international borders

4. Digital Accessibility

To creatively find ways to reach families and churches remotely

5. Influencing Church Culture

Being catalysts of change in the culture of children and family ministry

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About Faith in Kids

We serve 3 key audiences

PARENTS

We believe parents are God's 'plan A' for their children. We want to encourage them as they bring faith to life. We want to walk alongside parents, providing inspiration and support that points them to the God who equips them. We produce a range of resources, created with parents of all stages in mind. These resources include a popular podcast, a parenting book, family devotionals, in person events, videos and blog posts. We plan to offer a parenting course in the future.

KIDS LEADERS

We seek to help kid’s workers connect families to church. We want to equip them to lead well. We offer training and a whole range of resources to be used in church and as outreach, including Sunday school series, all age talks, holiday club materials, seasonal ideas, toddler group stories, lesson plans and school assemblies. Our material is designed to work in churches of all sizes and dynamics. Our teaching ideas are springboards to allow the leaders to do the heart work of engaging with children, families and fellow leaders to point them to Jesus.

CHURCH LEADERS

We want to encourage church leaders to keep making the effort to support families and disciple children in their churches. We want to give church leaders the support, wisdom and guidance they need to take on this hard but important task. We provide articles, blog posts and training sessions that are relevant to church leaders and are exploring the production of new resources for this group.

More about the ways we serve our audiences and the resources we produce can be found at: www.faithinkids.org

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About Faith in Kids

Thank you for the all age service “The Empty Tomb; ‘My Father and your Father’” on Easter Sunday. It was brilliant! I really appreciated that the material was clear, relevant, up to date, appropriately humorous, theologically on-point and, importantly, do-able. The point about Jesus saying “My Father and your Father” I’d never seen before and it massively impacted me and, I believe, our congregation. I loved how there was something so weighty in the service as I guess we all know how easy it is for everything to be fairly surface level in an all age service. We were absolutely delighted with how the service went and I’m so grateful to the team at Faith in Kids for serving us so well. You’re doing amazing work and I hope you’re able to continue to provide pastors such as me with high quality resources like this.

A Church Leader

We were listening to one of your podcasts as a family on holiday and the quality and content was first rate. I literally thought it could have been a CBBC production. The kids loved it. Outstanding!

A Parent

I'm a mum of three and work as a children and families lead. I discovered Faith in Kids just this week and have downloaded your Who am I? resources. I'm so happy I've found such incredible material as on such limited time I’d been struggling to keep a good work- life balance. Such high quality resources, written in a really practical and easy way to follow, with obviously years of experience and a deep knowledge of how children tick. Your enthusiasm and love of making Jesus known to children shouts so loudly off the page. I'm going to tell everyone I know about you guys!

A Children’s Ministry Leader

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Achievements of the year 11 Faith in Kids Annual Report & Accounts 2023-2024

Achievements of the year

This year we’ve made significant progress against our strategic objectives and the following demonstrates the impact we’ve had.

Resourcing and equipping children’s ministry leaders

We primarily resource children’s ministry leaders by making our written resources for churches freely available. We bolstered our written resources production through new hires into our team including a Project Manager and Editor . This saw our process improve and our capacity grow, meaning we launched six different resources in 2023-24. These included a new suite of resources from the book of John, titled Easter Explained. We released a resource to enable church partnerships to run their own Dangerous Camping, meaning our successful event in partnership with Oak Hall could be replicated independently in other locations. We also released a brand new holiday club resource in the book of Jonah, titled Shipwrecked.

I teach Sunday School in one of the churches that trialled the Growing Up material. I have just looked through the finished material and I want to let you know how good I think it is. Thank you so much for listening to feedback from the churches that tested the material. I have to confess I am often skeptical of 'consultations' and feel like there is little point because nothing will change - but I am so grateful that we took the time to be part of this and comparing the final material I can see how much you have listened to the feedback you received. There are many wise changes and I think the final version is vastly improved. I hope and pray that this resource will be used widely by many churches. Thank you so much for your hard work on it.

The warmth of reception for the Growing Up resources convinced us of the need to produce a component of Sunday School sessions for 11-14s. These were being worked on as this financial year closed, ready for release in autumn 2024.

To aid those leading their children’s ministry in navigating our resource offerings and the opportunities they present, we began a series of Resource Showcase events. These free to access, short lunchtime sessions via Zoom have proven successful with over 500 attending our three Resource Showcase events so far.

May 2024 saw the launch of Growing Up: God’s Good Story, a resource created to build on the work of Who Am I? (launched in late 2022). Given the sensitivity of the topics this covered, we proactively sought to test and learn with these resources in a variety of church contexts. We seek to continually take feedback to help plan and iterate new resources in the future.

Thank you so much for the webinar today. It is impressive and exciting to see how much work, thought and prayer has gone into these resources!

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Achievements of the year

Training for those working in children’s ministry continues to be a priority. Ed Drew was invited as a speaker to the National Playtime Conference in September 2023, led by Care for the Family. This event reached 400 serving in toddler group ministry.

UK. Across these events, 731 parents were reached and inspired to have conversations with their children about their identity in Christ, their bodies and their gender.

We also ran our own online training events over the financial year, with training on topics such as Planning for Christmas, Building Volunteer teams and Starting Conversations on Bodies, Gender & Marriage. We look forward to refreshing our online offering in the next year following constructive feedback and clear demand for more.

I have left struck once again by the privilege and task ahead of teaching our children God's word. How good God is that he uses the young years to build the church! The evening made me reflect on my little boy who struggles but at 3 can tell me the gospel. Amazing!

In this financial year, we have seen our resource downloads increase by 147% and our training numbers increased by 167%. We are hugely encouraged by these numbers but it also reiterates that there is still a great, and growing, need there to be met.

Our Dangerous Camping event, in partnership with Oakhall, continues to prove extremely popular. So much so this year, that a further 100 places were made available and immediately sold out. This meant 181 dads and 239 kids were reached and encouraged.

Equipping and encouraging Parents

We continue to be convinced of the need to support parents as they seek to raise their children to live flourishing lives for Christ. We seek to do this through a number of in-person events as well as through our podcast.

In 2023-2024, we took Raising Confident Kids as a parenting seminar to nine locations across the

Dangerous Camping is brilliant! It’s truly special. I have a great relationship with my son - and we always have a fantastic time together, but the freedom here is precious and the chance to talk honestly about God through the weekend was invaluable. I saw a whole new maturity in him - and our relationship. And we had a lot of fun!

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Achievements of the year

Our Faith in Kids for Parents podcast has continued to be an important ministry. We were particularly encouraged by the feedback from parents on the podcasts that were produced to work alongside our Growing Up resource. We intentionally ran these ahead of a series that were produced for the Faith in Kids 4Kids podcasts so that parents were equipped to confidently have those conversations with their children.

Thank you for helping me feel a lot more normal in my attempts to be a Christian mother. Often guests on podcasts appear super shiny, enthusiastic and generally out of reach, but you are so good at asking realistic questions. I felt particularly seen in one episode when Ed mentioned the parent who is anxious about their 2 year old’s sleep struggles. I wanted to say thank you for a line that Ed says quite a bit that I now regularly say to myself and my husband, “Jesus has enough for us in every moment of parenting”. It’s been revolutionary!

In 2024-2025, we are looking to hire a Digital Lead to help us to strategically grow the podcast further and build on the success we have seen to date.

Increasing awareness with key audiences and strategic partnerships

This financial year has seen us make progress in seeking to go further and wider and reach more diverse audiences. This has been through conferences, speaking engagements, publishing partnerships and growth in our digital presence.

Spring 2024 saw us exhibiting at a number of high profile Christian conferences. It was our second year at Spring Harvest in Skegness and our first year at Minehead, where Ed Drew gave a seminar titled, ‘Parents and Church - The Powerful Partnership.’ Bible by the Beach, where we oversee the children and youth provision, was another success with over 450

under 16s participating. May 2024 saw us back at Big Church Festival for a third year. It is the largest Christian festival in the UK, with a beautiful diversity of Christians. For that reason it is all the more heartening to receive such enthusiastic support for our efforts.

A number of strategic partnerships offered opportunities to speak with their audiences - including a webinar with the Evangelical Alliance, speaking events with Love for Life as well as the opportunity to be a guest on the Table Talk podcast.

This year also saw our warm partnership with The Good Book Company continue. A short gospel tract, The Pumpkin Story, was produced with The Good Book Company and was released in August 2024. Our Christmas resources for 2024 were released in July 2024 and are a result of a collaboration with The Good Book Company and Go Chatter. We have enjoyed the creativity and shared commitment to faithful Bible retelling. We are exploring further partnership opportunities for 2024-2025 and beyond.

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Achievements of the year

2023-2024 has seen us take significant steps in trying to increase our digital reach. We have embraced the opportunity that a Google Grant provides in enhancing our SEO. This has seen traffic to our website grow by 201% and our email subscription list has increased by 41%. With plans to hire a Digital Lead in 2024-2025 and the launch of a new website, we hope to continue to grow the audiences that we seek to serve.

Training and supporting church leaders

With the strategic goal of influencing church culture, the research we conducted last year (Ages & Stages, June 2023) taught us how vital engaging the church leader is in order to effect change.

In the last financial year, Ed Drew lectured at both Oak Hill and Cornhill, reaching church leaders in their ministry training.

South-West Youth Ministries CPD day (Feb 2024).

Further opportunities included training leaders in South Africa, firstly in Ligpunt in February 2024 and then in Cape Town and Johannesburg in June 2024.

A big THANK YOU from all of us in South Africa for coming to spend some time here. We really do thank God for you and the ministry that you do. We want to equip our parents and spur on our families and you helped us to do that. Your time here helped us to serve our people better. The content was so thoughtful and it so obviously makes Jesus the goal and the star of all heart change. Please pass on our encouragement to the team at Faith in Kids. It’s beautiful, God-honouring stuff that you’re all doing.

With a particular thematic focus on gender and identity, we sought the opportunity to speak at prominent events such as the Keswick Identity workshop (Nov 2023), the Growing Young Disciples conference (Jan 2024) and at the

In 2024-25, we plan to expand the breadth of conferences that we attend and ensure we are being intentionally diverse in our reach.

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Our impact

Podcasts Aug 23 - July 24

Parents podcast

Family podcast

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76%
UK
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7%
USA
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26 12 podcasts podcasts produced produced

115,838 39,719 podcasts podcasts downloaded downloaded

6% Australia

2% South Africa

Training

45 3548 training training events attendees

Training

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Our impact

Resources

63,839 downloads

Video views

26,169

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Thankyou Faith in Kids Annual Report & Accounts 2023-2024 18

Thank you

We are so grateful for the Lord’s provision. 2023-2024 has been another incredible year for Faith in Kids in terms of growth, reach and impact.

We are evermore convinced that giving what we produce away freely means it reaches those that need it the most. This is only possible thanks to the hundreds of individuals and families, churches and trusts that partner with us by sacrificially giving and prayerfully supporting us. We are grateful to the Lord for the committed staff and Trustees that he has graciously given us.

We remember before our God and Father your work produced by faith, your labor prompted by love, and your endurance inspired by hope in our Lord Jesus Christ. - 1 Thessalonians 1:3

Thank you for being on the journey with us.

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Financial review Faith in Kids Annual Report & Accounts 2023-2024 20

Financial review

Income

During the 2023-24 financial year, we continued to see encouraging growth of income with a 41.7% increase from 2022-23. In total, our income was £475,072 (2022-23: £335,284). Considering the ongoing impact of the cost of living during this financial year, we have been very encouraged to see our income increasing at a strong rate. The vast majority of our income (69.6%) comes from individuals giving one-off or regular monthly donations, totalling £313,014. We also received £21,672 in donations from churches, £79,900 from Christian trusts/foundations, £4,848 from

churches/Christian charities paying a fee for a speaker, £7,841 in royalties from the sale of our books and advent calendars published by The Good Book Company and ticket sales from our events. We also received £39,820 in Gift Aid.

A key financial aim for us is to increase our regular giving from individuals to ensure greater financial resilience and sustainability. During 2023-24 we had 165 new regular monthly supporters, which was a net increase of 146 monthly supporters, taking our total to 444. This provided a regular income from individuals of £153,041 (2022-23: £107,208), increasing our overall regular income (including churches and trusts) to £181,924, an increase of 46% on the previous year.

Our primary funding sources are:

Our aim is to keep our funding sources as broad as possible to ensure a greater degree of financial sustainability. We have a particular focus on developing regular monthly donations through individuals and churches to provide greater financial stability, in order to be able to grow our ministry reach and impact.

Breakdown of regular income

One-off income - 60.9% Individuals - 32.2% Gift Aid - 3.4% Sales - 1.7% Churches - 1% Trusts - 0.8%

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Financial review

Our aim is to keep our funding sources as broad as possible to ensure a greater degree of financial sustainability. We have a particular focus on developing regular monthly donations through individuals and churches to provide greater financial stability, in order to be able to grow our ministry reach and impact.

Regular income

Individuals £153,041.71 32.2%
Trusts £4,000.00 0.8%
Churches £4,860.00 1%
Sales £7,841.90 1.7%
Gift aid £16,180.84 3.4%
TOTAL REGULAR £185,924.45 39.1%
One-off income
Individuals £155,780.72 32.8%
Trusts £75,900.00 16%
Corporate £2,652.00 0.6%
Churches £13,032.00 2.7%
Speaker fees £4,918.44 1%
Gift aid £23,639.52 5%
Other £9,415.14 2%
Interest £3,809.67 0.8%
TOTAL ONE OFF £289,147.49 60.9%
TOTAL £475,071.94

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Financial review

Expenditure

During the 2023-24 financial year, we also saw our costs increase by 28.2%, with a total expenditure for the year at £415,415 (2022-23: £323,941). We had originally planned to recruit some new roles in order to reduce our unrestricted reserves, however a combination of raising more income than expected and spending less than anticipated meant that a planned £47k deficit became a surplus for the year of £60k.

Our largest area of expenditure remains our staff costs (66%). In 2023-24, we added an additional two members to the team in order to help us reach and support more families and churches throughout the UK. Our staff costs for 2023-24, including pension and NI contributions were £272,971 (2022-23: £212,854). Other significant expenditure relates to the cost of freelancers for podcast editing, writing, graphic design, video production & editing and accountancy/bookkeeping support. The total cost for freelance support was £39,810. As a remote team without an office we keep costs low, however we pay a small amount (£8,779) for access to meeting rooms and occasional office space when we meet together in London and for trustees meetings. Other expenditure totalling £93,855 covered a range of areas including IT costs & equipment, travel, accommodation, advertising, insurance, printing, postage, bank fees, HR costs, legal costs, conference costs, marketing giveaways, website development, podcast costs, staff training, events, subsistence, hospitality and depreciation costs.

budget is reviewed and approved, and with knowledge of the required reserve levels that could be invested. In order to maximise protection of our funds we aim to split the funds between the two banking institutions so that we minimise risk of loss.

Reserves policy

The trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. The current reserves policy recognises the uncertainty of the current economic climate and the potential volatility of income over the coming years. We aim to keep a minimum of three months of planned future average operating costs as cash in the bank. We may from time to time dip below three months operating costs due to fluctuations in cash flow throughout the financial year. We are committed to ensuring a balance in our reserves between investing the funds that have generously been given and also building financial health and long term sustainability. We ended 2023-24 with the equivalent of 5.8 months of average planned future expenditure as cash in the bank (2022-23: 5.4 months). At the end of any financial year, as we finalise the budget for the coming financial year, the trustees review and decide how much, if any, of our reserves we will be willing to invest back into achieving our charitable purposes. The trustees are particularly mindful of the ongoing run rates of expenditure in future financial years, particularly when choosing to recruit new employees.

Investment policy

The trustees have chosen to take a low risk approach to the investment of charity funds. Our funds are split between a moderate interest, charity reserves account with Kingdom Bank and an operating account with Metro Bank for day to day expenditure. The trustees review this decision annually when the annual

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Structure, governance & management Faith in Kids Annual Report & Accounts 2023-2024 24

Structure, governance & management

Governing document

The organisation is a Charitable Incorporated Organisation (CIO) and was incorporated on the 24 July 2017 and registered as a charity on the 18 December 2017. Our governing document (constitution) can be found here: FiK constitution.

Recruitment and appointment of trustees

All trustees are appointed by vote of the trustees to serve for a three year term, after which they must be re-elected at a general meeting. All trustees give their time voluntarily and receive no benefits from the charity.

The trustee board is committed to diversity and ensuring that the board of trustees is representative of the communities and audiences we aim to serve.

In 2023/24 we undertook a trustee recruitment campaign for new trustees to join the board. We formed a Trustee Recruitment Subcommittee, we created a role description and a trustee pack and we advertised the voluntary role with Christian Jobs, through our networks, on social media and to our email database.

Interested candidates completed an application form and had an initial interview with two members of the trustee recruitment committee and the Chair of trustees..

Shortlisted candidates then met with the Ministry Director before being invited to meet the wider trustee board.

The trustee board voted on recommended candidates, with quorum required for the vote to proceed and a majority required for the candidate to be approved to join the board.

Trustee induction and training

A trustee induction manual was created to support and educate all new trustees. The induction manual has links to all trustee policies, our constitution, previous minutes, our annual budget, our annual plan, the 5-year plan and other trustee training material such as the charity commission guidance on being a trustee known as ‘the essential trustee’. All trustees are required to read the manual and all accompanying documentation. All new trustees will be encouraged to spend time with the Chair of trustees and the Ministry Director to better understand the heart, vision and mission of the charity. All new trustees are assigned a ‘buddy,’ which is another experienced trustee who can guide them, support them and help answer questions for them.

Risk Management

The trustee board has delegated day to day responsibility for risk management to the risk and compliance subcommittee and the Operations Director who reports biannually to the board of trustees. A risk register has been established and is regularly updated to reflect known and potential risks to the organisation. As part of the risk register, mitigating factors are considered and introduced where possible to minimise risks to a reasonable and practicable level. An incident and complaints log are kept and both logs feed into the risk register to ensure risks identified are captured and mitigated if not already present on the register.

Safeguarding

The Operations Director is trained as the Designated Safeguarding Lead. One of the trustees is also trained as a Designated Safeguarding Lead. There were no safeguarding incidents in the 2023/24 financial year.

This recruitment process which happened throughout 2023/24 led to four new trustees joining the board at the beginning of our 2024/25 financial year.

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Structure, governance & management

Organisational structure

The board of trustees consisted of five trustees in the 2023/24 year, which satisfied our constitutional requirement of a minimum of three trustees. Following a successful recruitment campaign, four new trustees were brought on to the board at the beginning of 2024/25 financial year. The trustee board has created a Remuneration Committee, Operations Committee, Trustee Recruitment Committee and a Risk & Compliance Committee to undertake more detailed work outside of regular trustee meetings. The work of the committees is reported back to the whole board, where decisions are made. The board of trustees meets four times per year in addition to an annual strategy day.

The Board of Trustees delegates the day to day responsibility for the provision of services, strategy and operational running of the charity to the Executive Leadership Team, which consists of the Ministry Director, Operations Director and the Communications Director.

We are currently writing a new book to support parents and families and we plan to produce more in depth online training materials, continue to produce high impact podcasts and continue to develop church based resources. In addition, we aim to invest in technology to deliver our digital services remotely and efficiently, including the development of a new website so that we can enhance our engagement with the people we serve.

We are mindful of the current economic volatility and the risk that all charities currently face with the potential of reduced donations and funding sources. Therefore we continue to explore ways to grow our funding sources and to develop our sustainable regular income. We are also keen to develop our fundraising strategies to sustain a growing organisation.

We are particularly keen to explore ways to better understand the impact we are having so that we can improve and develop the impact we long to see in churches and families.

Related Parties

There are no related party relationships or transactions to report.

Our plans for future periods

The charity plans to continue the strategic activities outlined in this document subject to the necessary financial sustainability required. We plan to partner with more churches and to equip, train and support many more parents, churches and children’s ministry workers.

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Statement of trustees, responsibilities 27 Faith in Kids Annual Report & Accounts 2023-2024

Statement of trustees’ responsibilities

Trustees’ Responsibilities in relation to Financial Statements

The trustees are responsible for preparing the report of the trustees and the Financial Statements in accordance with applicable law and UK generally accepted accounting practice.

The law applicable to charities in England and Wales, the Charities Act 2011 and Charity (Accounts and Reports) Regulations 2008 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and the application of resources, including the income and expenditure of the Charity for the financial year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for maintaining the proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examination

Due to our income being above £250k but assets below £3.26m we have opted to have our accounts independently examined by chartered accountant Matthew Gill ACA (member of ICAEW).

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Financial statements 29 Faith in Kids Annual Report & Accounts 2023-2024

Financial statements

SECTION A

Independent Examiner’s Report

Report to the trustees Faith in Kids
On accounts for the 31 July 2024 Charity no. 1176335
year ended (if any)
Set out on pages 31 - 52

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2024 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent The charity’s gross income exceeded £250,000 and I am qualified to undertake examiner’s statement the examination by being a qualified member of The Institute of Chartered Accountants.

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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 accounts to be reached.

Signed: Date: 14th March 2025 Name: Matthew Gill Relevant professional Chartered Accountant qualification(s) or body (if any): Address: 22 Lincoln Road, Worcester Park, KT4 8AN

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section A Statement of financial activities

Recommended categories by Unrestricted Restricted Endowment Total funds Prior year
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 452,902 - - 452,902 315,762
Charitable activities S02 11,772 - - 11,772 11,110
Other trading activities S03 6,588 - - 6,588 7,719
Investments S04 3,810 - - 3,810 693
Separate material item of income S05 - - - - -
Other S06 - - - - -
TOTAL S07 475,072 - - 475,072 335,284
Resources expended (Note 6)
Expenditure on:
Raising funds S08 9,962 - - 9,962 8,355
Charitable activities S09 286,455 - - 286,455 218,746
Separate material item of expense S10 - - - - -
Other S11 118,998 - - 118,998 96,839
TOTAL S12 415,415 - - 415,415 323,941
Net income/(expenditure) before
investment gains/(losses) S13 59,657 - - 59,657 11,343
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 59,657 - - 59,657 11,343
Extraordinary items S16 - - - - -
Transfer between funds S17 - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed
assets for the charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 59,657 - - 59,657 11,343
Reconciliation of funds:
Total funds brought forward S21 261,961 - - 261,961 250,618
Total funds carried forward S22 321,618 - - 321,618 261,961

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section B Balance sheet

Recommended categories by Unrestricted Restricted Endowment Total funds Prior year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 - - - - -
Tangible assets (Note 14) B02 4,590 - - 4,590 6,882
Heritage assets (Note 16) B03 - - - - -
Investments (Note 17) B04 - - - - -
Total fixed assets B05 4,590 - - 4,590 6,882
Current assets
Stocks (Note 18) B06 - - - - -
Debtors (Note 19) B07 40,090 - - 40,090 45,805
Investments (Note 17.4) B08 - - - - -
Cash at bank and in hand (Note 24) B09 281,308 - - 281,308 211,951
Total current assets B10 321,399 - - 321,399 257,756
Creditors:amounts falling due within
one year (Note 20) B11 4,371 - - 4,371 2,677
Net current assets/(liabilities) B12 317,028 - - 317,028 255,079
Total assets less current liabilities B13 321,618 - - 321,618 261,961
Creditors:amounts falling due after
one year (Note 20) B14 - - - - -
Provisions for liabilities B15 - - - - -
Total net assets or liabilities B16 321,618 - - 321,618 261,961
Funds of the Charity
Endowment funds (Note 27) B17 - - - - -
Restricted income funds (Note 27) B18 - - - - -
Unrestricted funds B19 321,618 - - 321,618 261,961
Revaluation reserve B20 - - - - -
Total funds B21 321,618 - - 321,618 261,961
Signed on behalf of all
the trustees
Signature Print name
Yolanda Ibbett
29.04.25
Date

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102*

*Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the N/A charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption N/A doubtful;

Where accounts are not prepared on a going concern basis, please disclose N/A

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note* { }.

1.4 Change to accounting estimates

No changes to accounting estimates have occurred in the reporting period* (3.46 FRS 102 SORP).

----- Start of picture text -----
Yes No
Yes No
----- End of picture text -----

1.5 Material prior year errors

No material prior year error have been identified in the reporting period* (3.47 FRS 102 SORP).

----- Start of picture text -----
Yes No
----- End of picture text -----

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

2.1 Reconciliation with previous generally accepted accounting practice

Please provide a description of the nature of each change in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

Start of End of period period Net income/ (expenditure) as previously stated Adjustments:

Fund balance as restated

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

2.2 Income

Recognition of income These are included in the Statement of Financial Activities
(SoFA) when:

the charity becomes entitled to the resources;

it is more likely than not that the trustees will receive the
resources; and Yes No N/A

the monetary value can be measured with sufficient
reliability.
Offsetting There has been no offsetting of assets and liabilities, or income
and expenses, unless required or permitted by the FRS 102
Yes No N/A
SORP or FRS 102.
Grants & donations Grants and donations are only included in the SoFA when the
general income recognition criteria are met (5.10 to 5.12 Yes No N/A
FRS102 SORP).
In the case of performance related grants, income must only
be recognised to the extent that the charity has provided the
specified goods or services as entitlement to the grant only
occurs when the performance related conditions are met (5.16
Yes No N/A
FRS 102 SORP).
Legacies Legacies are included in the SOFA when receipt is probable,
that is, when there has been grant of probate, the executors
have established that there are sufficient assets in the estate
and any conditions attached to the legacy are either within the Yes No N/A
control of the charity or have been met.
Government grants The charity has received government grants in the reporting Yes No N/A
period
Tax reclaims on Gift Aid receivable is included in income when there is a valid
donations & gifts declaration from the donor. Any Gift Aid amount recovered on
a donation is considered to be part of that gift and is treated as
an addition to the same fund as the initial donation unless the Yes No N/A
donor or the terms of the appeal have specified otherwise.

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

Contractual income & This is only included in the SoFA once the charity has provided Yes No N/A
performance related the related goods or services or met the performance related
grants conditions.
Donated goods Donated goods are measured at fair value (the amount for
which the asset could be exchanged) unless impractical to do
Yes No N/A
so.
The cost of any stock of goods donated for distribution to
beneficiaries is deemed to be the fair value of those gifts at the
time of their receipt and they are recognised on receipt. In the
reporting period in which the stocks are distributed, they are
recognised as an expense at the carrying amount of the stocks
Yes No N/A
at distribution.
Donated goods for resale are measured at fair value on initial
recognition, which is the expected proceeds from sale less the
expected costs of sale, and recognised in 'Income from other
trading activities' with the corresponding stock recognised in
the balance sheet. On its sale the value of stock is charged
against 'Income from other trading activities' and the proceeds Yes No N/A
from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised
as tangible fixed assets and included in the SoFA as incoming
Yes No N/A
resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as Yes No N/A
income from donations when receivable.
Donated services & Donated services and facilities are included in the SOFA when
facilities received at the value of the gift to the charity provided the value Yes No N/A
of the gift can be measured reliably.
Donated services and facilities that are consumed immediately
are recognised as income with an equivalent amount recog- Yes No N/A
nised as an expense under the appropriate heading in the SOFA.

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

Section C Notes to the accounts
Yes No N/A
Support costs The charity has incurred expenditure on support costs.
Volunteer help The value of any voluntary help received is not included in the Yes No N/A
accounts but is described in the trustees’ annual report.
Income from interest, This is included in the accounts when receipt is probable and Yes No N/A
royalties & dividends the amount receivable can be measured reliably.
Income from member- Membership subscriptions received in the nature of a gift are Yes No N/A
ship subscriptions recognised in Donations and Legacies.
Membership subscriptions which gives a member the right to
buy services or other benefits are recognised as income
earned from the provision of goods and services as income
Yes No N/A
from charitable activities.
Settlement of insurance Insurance claims are only included in the SoFA when the
claims general income recognition criteria are met (5.10 to 5.12
FRS102 SORP) and are included as an item of other income in Yes No N/A
the SoFA.
Investment gains & This includes any realised or unrealised gains or losses on the
losses sale of investments and any gain or loss resulting from revalu- Yes No N/A
ing investments to market value at the end of the year.
2.3 Expenditure &
liabilities
Liability recognition Liabilities are recognised where it is more likely than not that
there is a legal or constructive obligation committing the
charity to pay out resources and the amount of the obligation Yes No N/A
can be measured with reasonable certainty.
Governance & support Support costs have been allocated between governance costs
costs and other support. Governance costs comprise all costs
involving public accountability of the charity and its compli- Yes No N/A
ance with regulation and good practice.

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

Support costs include central functions and have been allocat-
ed to activity cost categories on a basis consistent with the
use of resources, eg allocating property costs by floor areas, or Yes No N/A
per capita, staff costs by the time spent and other costs by
their usage.
Grants with Where the charity gives a grant with conditions for its payment
performance conditions being a specific level of service or output to be provided, such
grants are only recognised in the SoFA once the recipient of the Yes No N/A
grant has provided the specified service or output.
Grants payable without Where there are no conditions attaching to the grant that
performance conditions enables the donor charity to realistically avoid the Yes No N/A
commitment, a liability for the full funding obligation must be
recognised.
Redundancy cost The charity made no redundancy payments during the Yes No N/A
reporting period.
Deferred income No material item of deferred income has been included in the Yes No N/A
accounts.
Creditors The charity has creditors which are measured at settlement Yes No N/A
amounts less any trade discounts
Provisions for liabilities A liability is measured on recognition at its historical cost and
then subsequently measured at the best estimate of the Yes No N/A
amount required to settle the obligation at the reporting date
Basic financial The charity accounts for basic financial instruments on initial
instruments recognition as per paragraph 10.7 FRS102 SORP. Subsequent Yes No N/A
measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
2.4 Assets
Tangible fixed assets for These are capitalised if they can be used for more than one
use by charity year, and cost at least 100

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

Section C Notes to the accounts
Yes No N/A
They are valued at cost.
The depreciation rates and methods used are disclosed in note
9.2.
Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary
assets that do not have physical substance but are identifiable
and are controlled by the charity through custody or legal Yes No N/A
rights. The amortisation rates and methods used are disclosed
in note 9.5
Yes No N/A
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary assets
with historic, artistic, scientific, technological, geophysical or
environmental qualities that are held and maintained principal-
ly for their contribution to knowledge and culture. The depreci- Yes No N/A
ation rates and methods used as disclosed in note 9.6.1.4.
Yes No N/A
They are valued at cost.
Investments Fixed asset investments in quoted shares, traded bonds and
similar investments are valued at initially at cost and subse-
quently at fair value (their market value) at the year end. The
same treatment is applied to unlisted investments unless fair
value cannot be measured reliably in which case it is measured Yes No N/A
at cost less impairment.
Investments held for resale or pending their sale and cash and
cash equivalents with a maturity date of less than 1 year are
Yes No N/A
treated as current asset investments
Stocks & work in Stocks held for sale as part of non-charitable trade are Yes No N/A
progress measured at the lower or cost or net realisable value.
Goods or services provided as part of a charitable activity are
measured at net realisable value based on the service potential Yes No N/A
provided by items of stock.

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

Yes No N/A Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subse- Yes No N/A quently, they are measured at the cash or other consideration expected to be received. Current asset The charity has has investments which it holds for resale or investments pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year Yes No N/A held for investment purposes rather than to meet short term cash commitments as they fall due.

Yes No N/A Yes No N/A

They are valued at fair value except where they qualify as basic financial instruments.

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

3.0 Analysis of income

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

6.0 Analysis of expenditure

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

6.0 Analysis of expenditure - continued

72,624

10.0 Details of certain items of expenditure

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

11.0 Paid employees

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

11.0 Paid employees - continued

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

12.0 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

14.0 Tangible fixed assets

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

14.0 Tangible fixed assets - continued

19.0 Debtors and prepayments

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

20.0 Creditors and accruals

24.0 Cash at bank and in hand

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

27.0 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

261,961 475,072 415,415 321,618
261,961 475,072 415,415 321,618

27.2 Details of material funds held and movements during the PREVIOUS reporting period

250,618 335,284 323,941 261,961
250,618 335,284 323,941 261,961

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

28.0 Transactions with trustees & related parties

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Financial statements

Annual accounts for the period 1-Aug-23 to 31-Jul-24 Section C Notes to the accounts

28.0 Transactions with trustees & related parties - continued

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Reference & administrative information 53 Faith in Kids Annual Report &Accounts 2023-2024

Reference & administrative information

Charity Name: Faith in Kids Charity Registration number: 1176335 Registered Office: 2 Buckleigh Avenue, London, SW20 9JZ

Trustees

Mrs Yolanda Ibbett Chair Mr Chris Gunter Vice Chair Mr Edward Gilchrist Treasurer Mrs Claire Thomas Mrs Catherine Dalton Mrs Elinor Gage Dr Esther Liu Mrs Kirsteen Powney Mr Daniel Webster

Senior Management Team

Mr Edward Drew Ministry Director (CEO) Mr Chris Brown Operations Director Mrs Laura Ratcliffe Communications Director Independent Examiner Matthew Gill ACA (member of ICAEW)

Bankers

Metro Bank

Wimbledon Bridge House, Wimbledon, SW19 7NW

Kingdom Bank

Media House, Padge Road, Beeston, NG9 2RS

Solicitors

Edwards Connors Solicitors

10 The Point, Market Harborough, LE16 7QU

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