**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
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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 - (eg. trust, association, company) Appointed by the Trustees Trustee selection methods - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; 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. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. March **2012** **TAR** 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.
•
**Connection**includes 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.
•
Our**Content**includes 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** **TAR** 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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 4 ## 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** **TAR** 5 ## **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)** - The charity’s receipts in the period were just over £164K, a decrease of - You **may choose** to include £41K on 2023. The reduction in income is due to a one-off donation of - additional information, where £50K in 2023 which is not expected to recur, partially offset by a growth - relevant about: in subscription income as the Network has grown. - • the charity’s principal sources of funds (including The charity made payments in 2024 totalling over £176K, about £60K any fundraising); more than 2023. The increase in expenditure was driven by planned - • how expenditure has increases in the staff team and holding conferences in the UK and in Ireland. Both are deemed by the board as crucial drivers of growth. - supported the key objectives Growth in staff has enabled the Network to sustain strong relationships - of the charity; with the leadership of member churches and conferences have - • investment policy and stimulated growth in membership of the Network. objectives including any ethical investment policy The reported deficit of £12K is in line with the charity’s business plans. adopted. ## **Section F Other optional information** March **2012** **TAR** 6 **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** **TAR** 7 **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