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2024-12-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period end date Period end date
Day Month Year Day Month Year
**From ** 01 Jan 2024 To 31 Dec 2024

Section A Reference and administration details

Charity name The Further Faster Network

Other names charity is known by Registered charity number (if any) 1186278

red charity number (if any) 1186278 1186278
Charity's principal address
The Old Chapel
Forward Green
Stowmarket
Postcode IP14 5HP

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
James Gallagher Chair
Leon Evans
Christopher Porter
Christopher
Simpkins
Stephen Fenning
Lane Jones
Jonathan Corcoran Appointed 17 May2023

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

1

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)
Duncan Banks, Managing Director

Duncan Banks, Managing Director

Section B Structure, governance and management

Description of the charity’s trusts

Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted

Appointed by the Trustees Trustee selection methods

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Further Faster Network is a charitable incorporated organisation first registered in November 2019. Its trustees, employees and other volunteers are involved in the day-to-day running of the organisation. The organisation employs a director to take responsibility for the day-to-day activities of the network, who is supported by several part time staff with responsibility for growth and for service delivery.

The charity is independent. However, it acknowledges and is grateful for the support of North Point Church in Atlanta, Georgia. North Point provides content that we make available within the network and provides financial support. Lane Jones from North Point serves as a trustee of the charity.

March 2012

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2

Section C Objectives and activities

Summary of the objects of the
charity set out in its
governing document
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)		 The charitable objects of The 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 does this by building a network Christian churches who are
aligned around this object and focused on reaching unchurched people
and helping each other go further faster. The charity may also engage in
other activities to advance the Christian faith as agreed by the board from
time to time.
In considering and evaluating the activities of the charity, the trustees
have had regard to the guidance issued by the Charity Commission on
public benefit. The charity seeks to deliver its charitable objects by
providing coaching, community and content for like-minded church
leaders from varying backgrounds.
•
Connectionincludes coaching, conferences, workshops,
webinars and calls.
•
Community:we provide opportunities to build friendship and
community with like-minded leaders through video calls and in-
person at events for church leadership teams.
•
OurContentincludes sharing best ideas and materials including
access to an ever-growing library of teaching material and assets,
podcasts and training materials from both North Point Church in
the USA and the member churches of the Further Faster Network.

Additional details of objectives and activities (Optional information)

March 2012

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3

The charity is grateful to its trustees and other volunteers for their tireless efforts to establish and grow the charity in fulfilment of its objectives. The active engagement of the trustees in the day-to-day operation of the charity is part of its healthy ethos. Other volunteers provide essential support in the areas of planning, finance, HR and compliance.

You may choose to include further statements, where relevant, about:

March 2012

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

A further 18 churches were added to the Network, bringing the total to 43 churches. This is ahead of the growth target in the strategic plan approved by the trustees in 2022. This success has encouraged the Network to develop and seek funding for an enhanced business plan for more rapid growth.

Continued growth has continued to stretch the employed staff and the time commitment that trustees can reasonably make voluntarily. Consequently, the trustees strengthened further strengthened the staff team in 2024. The Managing Director is now employed full-time and the Full Time Equivalent employees rose from 2.1 in 2023 to 2.7 in 2024.

The enhanced business plan sees the Network growing to around 100 churches in the UK and Ireland by the end of 2029 and includes further expansion and reorganisation of the staff team to facilitate a regional approach without loss of central control.

March 2012

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Section E Financial review

The Trustees have agreed that reserves should be adequate to meet the Brief statement of the charity’s contractual commitments in the event of it ceasing to trade, charity’s policy on reserves estimated as 3 months’ normal running costs. At 31 December 2024 the charity reported reserves of over £140,000; 3 months’ running costs in 2024 amounted to about £44,000. The trustees support this level of reserves as they look to invest in order to grow the charity further in 2025 and beyond. Details of any funds materially None in deficit Further financial review details (Optional information)

Section F Other optional information

March 2012

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Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Neil Serjeant Full name(s) James Gallagher Position (eg Secretary, Chair of Trustees Secretary, Trustee Chair, etc) Date October 2025

March 2012

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The Further Faster Network No (if any) Draft Subject to Independent Examination 1186278

CC16a

Receipts and payments accounts

For the period from

01-Jan-24 To 31-Dec-24

Section A Receipts and payments

Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
0
0
0
0
0
0
0
0
0		 0
34,962
54,864
46,437
11,902
0
0
11,945
630
3,951
0
0
0		 0
Subscriptions from Founder Members 34,962 34,255
Subscriptions from Other Members 54,864 35,754
Donations from North Point Ministries 46,437 51,437
Church to Church Income 11,902 23,910
Donations Received 0 52,735
Grant Income 0 0
Event Income 11,945 4,646
Miscellaneous Income 630 171
Interest Income 3,951 2,426
0
0
0
Sub total(Gross income for AR)
A2 Asset and investment sales, (see table).		 164,691 0
0
0
0
0		 0
0
0
0
0		 164,691
0
0
0
164,691		 205,334
0 0
0 0
Sub total 0 0
Total receipts
A3 Payments
205,334

Activities		 0
0
0
0
0
0
0
0
0
0
0
0		 200
1,546
2,116
18,912
19,884
4,896
0
0
17,792
85,974
5,723
0
19,422
0
0
0
0
0
0
0
0
0
Digital & Web 200 481
Equipment 1,546 0
Miscellaneous 2,116 318
Professional Fees & Subscriptions 18,912 7,274
Travel & Subsistence 19,884 19,147
Church to Church Disbursements made 4,896 0
People
Contractors 17,792 10,503
Salaries and National Insurance Contributions 85,974 65,736
Pensions 5,723 7,896
Events 19,422 5,506
0
Trustees' Expenses 0
Sub total 176,464 0
0
0
0
0
0
0		 0
0
0
0
0
0
0
0
0		 176,464
0
0
0
176,464
(11,773)
0
152,339
140,566		 116,862
A4 Asset and investment purchases, (see table)
0 0
0 0
Sub total 0 0
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
116,862
(11,773) 88,472
0
152,339 63,867
140,566 152,339

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds		 Details
CAF Current Account
CAF Gold Account
Total cash funds		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Endowment
funds
to nearest £
5,049 -
135,517 -
-
140,566 0 -

CCXX R1 accounts (SS)

30/10/2025

1

The Further Faster Network Further Faster Network Further Faster Network No (if any) No (if any)
Draft Subject to Independent Examination 1186278
Receipts andpayments accounts CC16a
For the period
from		 01-Jan-24 To 31-Dec-24
(agree balances with receipts and payments account(s)) OK OK OK
Unrestricted Restricted funds Endowment
funds funds
Details to nearest £ to nearest £ to nearest £
- - -
- - -
- - -
- - -
- - -
- - -
CC16a
For the period
from		 01-Jan-24 To 31-Dec-24
(agree balances with receipts and payments account(s))
Details		 OK
Unrestricted
funds
to nearest £		 OK
Endowment
funds
to nearest £
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
B5 Liabilities
Signed by one or two trustees on behalf of all the trustee		 - - -
- - -
- - -
- - -
- - -
- - -
s
Details
Details
Details
Signature		 Fund to which asset
belongs
Cost (optional)
-
-
-
-
-
Fund to which asset
belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
James Gallagher		 Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of approval
James Gallagher 30-Oct-25

NOTES

CCXX R2 accounts (SS)

30/10/2025

2

CHARITY COMMISSION I FOR ENGLAND AND WALES Independent examiner's report on the accounts Sectton A Independent Examiner's Report Report to the trusteesl members of The Further Faster Network On accounts for the year ended131 December 2024 Charlty no (if any) 1186278 Sot out on pages CC16a report (al pages) I report to the trustees on my examination of the accounts of the aly)ve charity {Ihe CIO") for the year ended 3111212024. Responsibililios and As the thartty trustees of the CIO, you responsible for the preparation of basls of report the a0￿untS in ￿￿)rdance with the requirements of the Charrties Act 2011 (Ihe Acr). I report in respect of my examination of the CIO'S a￿ntS carried out under section 145 ofthe 2011 Act and in carying out my examination, I have followed the applicable Direcb"ons given by the Chanty Commission under Seth￿ 145{5)(b) of the Act. I have completed my examination. I confirm that no material matters have corrE to my attention in connection with the examination which gives cause to believe that in. any material respect. accounting records were not kept in accordan￿ with section 130 of the Acl or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and haNE come across no other matters in connection vth the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ' Please ￿lete the words in ¢he brnckets rftt￿Y do not appty. Date: 1 31 October 2025 Name: , Magdalena Shotter of ATS Attounling & Tax ￿U￿.OnS Ltd Relevant professional ,: Fellow rf the Institute of Chartered Ao))untants of England and Wales qualificationls) or body l (Membership number 2383366) (rfany)". Address: 6 Corfield Close , Finchampstead. WokTrngham. Berkshi RG40 4PA IER October 2018

Section B Disclosure Only ¢xmplete rf the examiner needs to highlight matters of concem (see CC32. Independent examinaion of thaiity ￿nIs. directions arKI guidance for examiners). Glve here brfef detslls of any Items that the oxaminer wishes to dlsclose. IER October 2018