2020-12-31-accounts

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Description ofthe charity's trusts
	Type ofgoverning document	Constitution
	How the charity is constituted	Charitable		Incorporated				Organisation
	Trustee selection methods	Appointed		by the Trustees
Additional governance issues		(Optional	information)
You may choose to Include additional information, where relevant, about:		Further Faster Network is a new charity. Its trustees are involved in the day-to-day running ofthe organsation. The trustees employed a part-time manager from August 2020 to assist them. The trustees have also paid for professional services to help them establish and grow the organisation.
~	policies and procedures
	adopted for the induction and
	training oftrustees;
~	the charity's organisational
	structure and any wider
	network with which the charity
	works;
~	relationship with any related
	parties;
~	trustees' consideration of
	major risks and the system
	and procedures to manage
	them.
		~ ~			r		~	~

					The charitable objects ofThe Network are to the advancement of religious
					belief for the public good, in particular by helping to create churches in
					every community that unchurched people love to be part of, The Network
Summary	ofthe objects			ofthe	will do this by establishing a network offounder partner Christian churches
charity set		out in its			who are aligned around this object, and a partner network ofautonomous
governing	document				Christian churches focused on reaching unchurched people and helping
					each other go further faster. The CIO may also engage in other activities to
					advance the Christian faith as agreed by the board from time to time.
					The Network was begun in early 2019. A group of UK and Irish churches
					had become enthusiastic about the model of church practiced by North
					Point Community Church in Atlanta, Georgia, The leaders ofthese 5
					churches, all ofwhich had already adopted many ofthe principles
					endorsed by North Point, approached North Point with a view to both
					better implementing North Point's principles in their own churches and
					helping other churches in the UK and Ireland to understand and adopt the
					model in a manner appropriate to the culture prevalent in their countries.
					North Point committed significant resource to help the Network become
					established, including funding, intellectual property and input from their
					staff. Each ofthe founding UK and irish churches also committed
					leadership time and money to the Network
					From the outset the leaders ofthe churches wanted the Network to be an
					independent charity and began the process of registering as a Charitable
					Incorporated Organisation (CIO). The CIO was registered by the Charity
					Commission on 11 November 2019.
					Building on a highly successful conference in 2019attended by over 150
					church leaders, about 12 churches expressed an interest in becoming part
					ofthe Network. At the same time, the Network clarified its offering as
Summary ofthe main activities undertaken			for	the	coaching, community and content. Coaching
public benefit in relation to these objects {Include within					Lead Pastor Coaching: One-to-one and peer-based group coaching calls designed to help you with your specific church leadership
this section		the statutory			needs.
declaration		that trustees		have
had regard		tothe guidance			Staff &Volunteer Coaching: personalised peer based group calls
issued by	the Charity				for staff 8 volunteers in the essential ministry areas ofyour church.
Commission		on public			{Kids, Youth, Groups, Programming, Guest Services)
benefit)
					Regular Touch-points: Conferences, workshops, webinars and
					video calls that connect you to a network of like minded church
					leaders who do your job in other churches. We learn better
					together.
					Community
					Community: You get regular opportunities to build friendship and
					community with like-minded leaders via video calls and in-person
					at events for your entire church leadership teams.
					Regular Touch-points: Get access to regular group calls with a
					small group ofother leaders who have the same vision oftheir
					church that you do for yours,
					Resources: The chance to share best ideas and materials that have
					worked in your church with others. Access to an ever-growing
					library of podcasts and training materials from both North Point and
					the Further Faster Network.

Section D Achievements and performance arth 2012 TAR

~ I	a a a e e a	~
Summary ofthe main achievements ofthe charity during the year	Despite the restrictions and being churches signed up for a trial year September 2020. This more than UK and Ireland who are members	unable to hold a conference in 2020, 6 membership ofthe Network in doubled the number ofchurches in the ofthe Network,

								The charity has yet to adopt a formal reserves policy. The Trustees have
Brief statement				ofthe				agreed that reserves should be adequate to meet the charity's
charity's policy				on	reserves			contractual commitments in the event of it ceasing to trade.
Details ofany			funds			materially
in	deficit
Further financial				review details				(Optional information)
You may choose to include additional information, where								The attached accounts are the first for the CIO and cover the period from incorporation on 11 November 2019to 31 December 2020,
relevant about: ~ the charity's principal sources offunds (including								On incorporation, 515,404 was transferred to the CiO from The Forge Community Church ("The Forge"). The Forge had collected income and made disbursements on behalf ofthe Network prior to incorporation, The
	any fundraising);							Charity Commission has confirmed that it has no requirement for accounts
~	how expenditure				has			to be submitted for the period prior to incorporation since the charity was
	supported	the		key		objectives		not registered prior to incorporation.
	ofthe charity;
~	investment policy and objectives including any ethical investment policy adopted.							The charity received income in the period off57,521 and incurred expenditure off35,951,giving rise to a surplus of$21,570. Income was from founder member churches - f37,057 (64%) - from new members beginning a trial year in September 2020 - Z4,660 (8%)—and from North Point Ministries in the USA - K15,803 (28%). North Point
								Ministries has committed to support the Network for a further 3 years
								beyond 2020; the amount ofsupport will reduce year on year as the
								Network has opportunity to increase its financial independence. Income
								from founder churches is expected broadly to continue at the level
								reported. Income from new partners is forecast to grow, partly because the
								2020 income reflects only part ofthe year (trial partners joined in
								September 2020) and because the trial partnership is offered at a significant
								discount to the normal membership subscription,
								~Ex enditure was curtailed by the pandemic. International travel and in- person events were cancelled, Almost 85%ofexpenditure (f30,531) was
								incurred on fees, salaries and pension contributions to provide the trustees
								with dedicated support in promoting the Network and running the
								coaching and connection events, mostly online.
								Looking ahead, the trustees are optimistic that most, if not all, the current trial partners will continue to full membership ofthe Network. The Network is a very new organisation and the trustees recognise that further
								rapid growth without consolidating the Network could prove unsustainable. They plan, therefore, to focus in 2021 on maximising the
								benefit of membership to all member churches, addressing the issues presented by pandemic restrictions and recovery thereafter. Mindful that the income from North Point Ministries wili reduce over the next 3 years,
								Trustees are planning to grow the subscription base and are exploring grant
								funding within the UK and Ireland,
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TAR

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