Trustees’ Annual Report for the period
From: 31 March 2021 To: 31 March 2022
Charity name: Faith in Later Life Ltd
Charity registration number: 1186661
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance the Christian faith by inspiring and equipping Christians and churches to serve and equip older people in their Christian service, and to engage effectively with older people in communities everywhere, and to bring older people into Christian faith and community, for the public benefit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Providing resources and information regarding different aspects of older age to equip Christians and churches to better serve older people, via the website and in the media. Host (through our website) a national directory of church run activities for older people in the wider community to attend. The charity also supports a network of Christians involved with older people in the church/community. This support is via shared resources and online training events. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | As trustees of Faith in Later Life Limited, we confirm that we have adhered to the guidance as issued by the Charity Commission on public benefit. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making. | Para 1.38 | N/A |
| Policy on social investment including program related investment. |
Para 1.38 | N/A |
| Contribution made by volunteers. |
Para 1.38 | N/A |
|---|---|---|
| Other | **N/A ** |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | We inspired and equipped Christians by reaching many people across Christian radio and tv, and BBC local radio. We produced resources to help volunteers and our Church Champions reach out to lonely and isolated people. We delivered a conference with Keswick Ministries that encouraged seniors in their faith and ministry. We delivered components of the Cliff College course concerning ministry with seniors. Along with the Church of England we have supported and overseen a free telephone service (‘Daily Hope’) bringing comfort and gospel hope to isolated older people. We inspired and equipped many Christians (our ‘Church Champions’ actively involved in engaging older people in their churches and wider communities) through our monthly, live Church Champion Training sessions. We started work on reorganising our resources into defined online training packages to equip volunteers and our Church Champions to better serve their church and local community, starting with addressing loneliness and sharing the gospel. We listen to our Church Champions and the feedback from the training and the conferences is positive. We are succeeding in encouraging, inspiring, and equippingthem. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | We supported nearly seven hundred ‘Church Champions’ engaging with older people. Our Facebook reach is around 12000 people, and the newsletter reaches five thousand people per month. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | We secured grants from the four founding organisations that support Faith in Later Life, as well as a grant from an external grant funding Trust. |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other | N/A |
Financial Review
| Review of the charity’s financial position at the end of theperiod |
Para 1.21 | The charity ended the year with £34,702 |
|---|---|---|
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | The reserves policy states that three months operating costs are held in reserve. |
| Amount of reservesheld | Para 1.22 | £34,702unrestrictedreserves |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Sufficient funds are available to ensure the charity continuing as a going concern. |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | ●Grants from organisations who were involved in setting up the charity. ●Grants from grant funding organisations ●Donations from supporters and volunteers |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | The primary risk is that of insufficient financial support & the failure of fundraising. This is mitigated by careful planning and budgeting. |
| The other key area of risks is the failure of any of the outsourced consultants who provide web, communications, payroll, and administration. This is mitigated by the careful monitoring of performance and management of the relationships. |
||
|---|---|---|
| Other | N/A |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed,royalcharter) |
Para 1.25 |
Memorandum and Articles (incorporated 16 August2019) |
| How is the charity constituted? (e.g., unincorporated association,CIO) |
Para 1.25 | Charitable Company Limited by Guarantee |
| Trustee selection methods including details of any constitutional provisions e.g., election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The Charity has two members: Pilgrims’ Friend Society, and Keychange. They are represented by two individuals who are Trustees. There are three other additional Trustees. Trustees appoint a Chair of Trustees annually. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | A trustee skill and experience matrix is maintained, and gaps are addressed through Board development. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The charity is run by a Chief Executive who is the sole employee. Additional administrative support is provided by a subcontracted relationship. IT (web), communications and payroll is outsourced. The charity is a part of three wider networks, ‘Churches Together in England,’ ‘Evangelical Alliance’ and ‘Affinity.’ |
| Relationship with any related parties |
Para 1.51 | None |
| Other | None |
Reference and Administrative details
| Charityname | Faith in Later Life Ltd |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1186661 |
| Charity’s principal address | 175 Tower Bridge Road London SE1 2AL |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Stephen Hammersley |
Chair of Trustees | Pilgrims’ Friend Society |
||
| Phil Martin | Trustee | Retired September 2021 |
Keychange Charity |
|
| Elaine Cobb | Trustee | |||
| Terence Puttick | Trustee | London City Mission |
||
| Andrew Wileman | Trustee | The Salvation Army |
||
| Rebecca Chaplain | Trustee | Appointed 27 October 2021 |
Keychange Charity |
|
| 7 |
Corporate trustees – names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | **Dates acted if not for whole year ** | |
|---|---|---|
| N/A |
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|
|---|---|---|---|
| N/A | |||
| Name of chief executive or names of senior staff members (Optional information) | |||
| Jamie Hill, Chief Executive as at 31/3/22. |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
None
Other optional information
None
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
----- Start of picture text -----
Signature(s)
Full name(s) Stephen Hammersley
Position (e.g., Chair
Secretary, Chair, etc)
Date
8 December 2022
----- End of picture text -----
Digitally Signed Document Document ID: 131688E05C6558
Document Details:
| Filename: | FAITH-Charities report - 22.2-CHA-KB- 20221222.PDF |
|---|---|
| Client of: | Higginson & Co (UK) Ltd |
Signature Details
| Name: | Stephen Hammersley |
|---|---|
| Email: | stephen.hammersley@pilgrimsfriend.org.uk |
| Date & Time: | 22/12/2022 17:07:29 PM (GMT) |
| IP Address: | 80.7.172.103 |
| Signing Statement: | Stephen Hammersley agrees and approves the contents of this document. |
Digital Certificate
The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
| On behalf of: | Higginson & Co (UK) Ltd |
|---|---|
| PDF digital certificate: | IRIS Software Group Limited |
| Digital certificate issued by: | GlobalSign |
Please keep a copy of this document for your records.
REGISTERED COMPANY NUMBER: 12160439 (England and Wales) REGISTERED CHARITY NUMBER: 1186661
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
FOR
FAITH IN LATER LIFE LTD (A COMPANY LIMITED BY GUARANTEE)
Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
FAITH IN LATER LIFE LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The main objectives and aims of the charity are -
to advance the Christian faith by inspiring and equipping Christians and churches to serve and equip older people in their Christian service, and
to engage effectively with older people in communities everywhere, and to bring older people into Christian faith and community, for the public benefit.
Significant activities
During the year to 31 March 2022 the following were our significant activities -
We supported nearly seven hundred 'Church Champions' engaging with older people. Our Facebook reach is around 12000 people, and the newsletter reaches five thousand people per month. We inspired and equipped Christians by reaching many people across Christian radio and tv, and BBC local radio. We produced resources to help volunteers and our Church Champions reach out to lonely and isolated people. We delivered a conference with Keswick Ministries that encouraged seniors in their faith and ministry. We delivered components of the Cliff College course concerning ministry with seniors.
Along with the Church of England we have supported and overseen a free telephone service ('Daily Hope') bringing comfort and gospel hope to isolated older people.
We inspired and equipped many Christians (our 'Church Champions' actively involved in engaging older people in their churches and wider communities) through our monthly, live Church Champion Training sessions.
We started work on reorganising our resources into defined online training packages to equip volunteers and our Church Champions to better serve their church and local community, starting with addressing loneliness and sharing the gospel. We listened to our Church Champions and the feedback from the training and the conferences is positive and is that we are succeeding in encouraging, inspiring, and equipping them.
Public benefit
The charity meet the requirement for public benefit by -
-
providing resources and information regarding different aspects of older age to equip Christians and churches to better serve older people; via the website and in the media.
-
hosting (through our website) a national directory of church run activities for older people in the wider community to attend.
-
the charity also supporting a network of Christians involved with older people in the church/community. This support is via shared resources and online training events.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We supported nearly seven hundred 'Church Champions' engaging with older people. Our Facebook reach is around 12,000 people, and the newsletter reaches five thousand people per month.
We inspired and equipped Christians by reaching many people across Christian radio and tv, and BBC local radio. Around 10 million minutes of hoe and comfort has been delivered to isolated older people at home through DailyHope.
1
FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
We secured grants from the four founding organisations that support Faith in Later Life, as well as securing a grant from an external grant funding Trust.
FINANCIAL REVIEW
Financial position
The charity ended the year with a deficit of £10,444 (2021 surplus £35,319). The reserve also amounted to £24,875 (2021 35,319) being all held in a current bank account,.Of these restricted funds totalled £5,173.
Principal funding sources
-
Grants from organisations who were involved in setting up the charity.
-
Grants from grant funding organisations
-
Fundraising from supporters
Investment policy and objectives
The trustees consider the present policy of investing funds in bank accounts offers the least risk in the current economic climate.
Reserves policy
The trustees have considered the requirements for the reserves policy based on the main risks of the charity. The trustees aims are for the charity reserves are to have three months operating costs held in reserve.
Going concern
The trustees consider that there are sufficient funds available to ensure the charity continuing as a going concern and continue to actively search for new funding sources..
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees will be appointed through Board approval. A trustee skill and experience matrix is maintained and gaps are addressed through Board development.
Organisational structure
The Charity has two members: Pilgrims' Friend Society, and Keychange. They are represented by two individuals who are Trustees. There are three other additional Trustees.
Trustees appoint a Chair of Trustees annually.
Wider network
The charity is run by a Chief Executive who is the sole employee. Additional administrative support is provided by a subcontracted relationship. IT (web), communications and payroll is outsourced.
The charity is a part of three wider networks, 'Churches Together in England', 'Evangelical Alliance' and 'Affinity'.
2
FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
12160439 (England and Wales)
Registered Charity number 1186661
Registered office
175 Tower Bridge Road London SE1 2AL
Trustees
S Hammersley Chair P Martin (resigned 25/10/2021) E Cobb T Puttick A Wileman R Chaplain (appointed 21/10/2021)
Independent Examiner
Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ S Hammersley Chair - Trustee
3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAITH IN LATER LIFE LTD
Independent examiner's report to the trustees of Faith in Later life Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Donald M Brown FCA Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
Date: .............................................
4
FAITH IN LATER LIFE LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 102,218 Other trading activities 2 151 Other income - Total 102,369 EXPENDITURE ON Raising funds - Charitable activities Resources 35,158 Other 82,828 Total 117,986 NET INCOME/(EXPENDITURE) (15,617) RECONCILIATION OF FUNDS Total funds brought forward 35,319 TOTAL FUNDS CARRIED FORWARD 19,702 |
Restricted fund £ 5,173 - - 5,173 - - - - 5,173 - 5,173 |
2022 Total funds £ 107,391 151 - 107,542 - 35,158 82,828 117,986 (10,444) 35,319 24,875 |
2021 Total funds £ 79,289 1,633 831 |
|---|---|---|---|
| 81,753 | |||
| 5,438 60 40,936 |
|||
| 46,434 | |||
| 35,319 - |
|||
| 35,319 |
The notes form part of these financial statements
5
FAITH IN LATER LIFE LTD
BALANCE SHEET 31ST MARCH 2022
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank 19,702 5,173 NET CURRENT ASSETS 19,702 5,173 TOTAL ASSETS LESS CURRENT LIABILITIES 19,702 5,173 NET ASSETS 19,702 5,173 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 24,875 24,875 24,875 24,875 19,702 5,173 24,875 |
2021 Total funds £ 35,319 |
|---|---|---|
| 35,319 | ||
| 35,319 | ||
| 35,319 | ||
| 35,319 - |
||
| 35,319 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
S Hammersley Chair - Trustee
The notes form part of these financial statements
6
FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Sale of resources | 151 | 1,633 |
continued...
7
FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| CEO Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 79,289 Other trading activities 1,633 Other income 831 Total 81,753 EXPENDITURE ON Raising funds 5,438 Charitable activities Resources 60 Other 40,936 Total 46,434 NET INCOME 35,319 TOTAL FUNDS CARRIED FORWARD 35,319 |
2022 1 1 2 Restricted fund £ - - - - - - - - - - |
2021 - 1 1 Total funds £ 79,289 1,633 831 81,753 5,438 60 40,936 46,434 35,319 35,319 |
2021 - 1 1 Total funds £ 79,289 1,633 831 81,753 5,438 60 40,936 46,434 35,319 35,319 |
|---|---|---|---|
| 81,753 | |||
| 5,438 60 40,936 |
|||
| 46,434 | |||
| 35,319 | |||
| 35,319 |
continued...
8
FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
6. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 35,319 - 35,319 Incoming resources £ 102,369 5,173 107,542 |
Net movement At in funds 31.3.22 £ £ (15,617) 19,702 5,173 5,173 (10,444) 24,875 Resources Movement expended in funds £ £ (117,986) (15,617) - 5,173 (117,986) (10,444) Net movement At in funds 31.3.21 £ £ 35,319 35,319 35,319 35,319 |
|---|---|---|
continued...
9
FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 81,753 | (46,434) | 35,319 |
| TOTAL FUNDS | 81,753 | (46,434) | 35,319 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | - | 19,702 | 19,702 |
| Restricted funds | |||
| Restricted | - | 5,173 | 5,173 |
| TOTAL FUNDS | - | 24,875 | 24,875 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 184,122 5,173 189,295 |
Resources Movement expended in funds £ £ (164,420) 19,702 - 5,173 (164,420) 24,875 |
Resources Movement expended in funds £ £ (164,420) 19,702 - 5,173 (164,420) 24,875 |
|---|---|---|---|
| 24,875 |
continued...
10
FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2022.
11
FAITH IN LATER LIFE LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations General grants received Other trading activities Sale of resources Other income Other income Total incoming resources EXPENDITURE Raising donations and legacies Advertising marketing and publ icity Charitable activities Conference and travel Church champion project Website costs Telephone Sundries Other Wages Design and print of resources Donations given Other Total resources expended Net (expenditure)/income |
2022 £ 107,391 - 107,391 151 - 107,542 - 2,052 6,878 8,172 17,784 272 35,158 73,564 - - 9,264 82,828 117,986 (10,444) |
2021 £ 1,289 78,000 |
|---|---|---|
| 79,289 1,633 831 |
||
| 81,753 5,438 60 - - - - |
||
| 60 39,506 795 563 72 |
||
| 40,936 | ||
| 46,434 | ||
| 35,319 |
This page does not form part of the statutory financial statements
12
Digitally Signed Document Document ID: 131688E05C6558
Document Details:
| Filename: | FAITH-Charities report - 22.2-CHA-KB- 20221222.PDF |
|---|---|
| Client of: | Higginson & Co (UK) Ltd |
Signature Details
| Name: | Stephen Hammersley |
|---|---|
| Email: | stephen.hammersley@pilgrimsfriend.org.uk |
| Date & Time: | 22/12/2022 17:07:29 PM (GMT) |
| IP Address: | 80.7.172.103 |
| Signing Statement: | Stephen Hammersley agrees and approves the contents of this document. |
Digital Certificate
The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
| On behalf of: | Higginson & Co (UK) Ltd |
|---|---|
| PDF digital certificate: | IRIS Software Group Limited |
| Digital certificate issued by: | GlobalSign |
Please keep a copy of this document for your records.
REGISTERED COMPANY NUMBER: 12160439 (England and Wales) REGISTERED CHARITY NUMBER: 1186661
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
FOR
FAITH IN LATER LIFE LTD (A COMPANY LIMITED BY GUARANTEE)
Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
FAITH IN LATER LIFE LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The main objectives and aims of the charity are -
to advance the Christian faith by inspiring and equipping Christians and churches to serve and equip older people in their Christian service, and
to engage effectively with older people in communities everywhere, and to bring older people into Christian faith and community, for the public benefit.
Significant activities
During the year to 31 March 2022 the following were our significant activities -
We supported nearly seven hundred 'Church Champions' engaging with older people. Our Facebook reach is around 12000 people, and the newsletter reaches five thousand people per month. We inspired and equipped Christians by reaching many people across Christian radio and tv, and BBC local radio. We produced resources to help volunteers and our Church Champions reach out to lonely and isolated people. We delivered a conference with Keswick Ministries that encouraged seniors in their faith and ministry. We delivered components of the Cliff College course concerning ministry with seniors.
Along with the Church of England we have supported and overseen a free telephone service ('Daily Hope') bringing comfort and gospel hope to isolated older people.
We inspired and equipped many Christians (our 'Church Champions' actively involved in engaging older people in their churches and wider communities) through our monthly, live Church Champion Training sessions.
We started work on reorganising our resources into defined online training packages to equip volunteers and our Church Champions to better serve their church and local community, starting with addressing loneliness and sharing the gospel. We listened to our Church Champions and the feedback from the training and the conferences is positive and is that we are succeeding in encouraging, inspiring, and equipping them.
Public benefit
The charity meet the requirement for public benefit by -
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providing resources and information regarding different aspects of older age to equip Christians and churches to better serve older people; via the website and in the media.
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hosting (through our website) a national directory of church run activities for older people in the wider community to attend.
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the charity also supporting a network of Christians involved with older people in the church/community. This support is via shared resources and online training events.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We supported nearly seven hundred 'Church Champions' engaging with older people. Our Facebook reach is around 12,000 people, and the newsletter reaches five thousand people per month.
We inspired and equipped Christians by reaching many people across Christian radio and tv, and BBC local radio. Around 10 million minutes of hoe and comfort has been delivered to isolated older people at home through DailyHope.
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FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
We secured grants from the four founding organisations that support Faith in Later Life, as well as securing a grant from an external grant funding Trust.
FINANCIAL REVIEW
Financial position
The charity ended the year with a deficit of £10,444 (2021 surplus £35,319). The reserve also amounted to £24,875 (2021 35,319) being all held in a current bank account,.Of these restricted funds totalled £5,173.
Principal funding sources
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Grants from organisations who were involved in setting up the charity.
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Grants from grant funding organisations
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Fundraising from supporters
Investment policy and objectives
The trustees consider the present policy of investing funds in bank accounts offers the least risk in the current economic climate.
Reserves policy
The trustees have considered the requirements for the reserves policy based on the main risks of the charity. The trustees aims are for the charity reserves are to have three months operating costs held in reserve.
Going concern
The trustees consider that there are sufficient funds available to ensure the charity continuing as a going concern and continue to actively search for new funding sources..
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trustees will be appointed through Board approval. A trustee skill and experience matrix is maintained and gaps are addressed through Board development.
Organisational structure
The Charity has two members: Pilgrims' Friend Society, and Keychange. They are represented by two individuals who are Trustees. There are three other additional Trustees.
Trustees appoint a Chair of Trustees annually.
Wider network
The charity is run by a Chief Executive who is the sole employee. Additional administrative support is provided by a subcontracted relationship. IT (web), communications and payroll is outsourced.
The charity is a part of three wider networks, 'Churches Together in England', 'Evangelical Alliance' and 'Affinity'.
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FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
12160439 (England and Wales)
Registered Charity number 1186661
Registered office
175 Tower Bridge Road London SE1 2AL
Trustees
S Hammersley Chair P Martin (resigned 25/10/2021) E Cobb T Puttick A Wileman R Chaplain (appointed 21/10/2021)
Independent Examiner
Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ S Hammersley Chair - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAITH IN LATER LIFE LTD
Independent examiner's report to the trustees of Faith in Later life Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Donald M Brown FCA Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
Date: .............................................
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FAITH IN LATER LIFE LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 102,218 Other trading activities 2 151 Other income - Total 102,369 EXPENDITURE ON Raising funds - Charitable activities Resources 35,158 Other 82,828 Total 117,986 NET INCOME/(EXPENDITURE) (15,617) RECONCILIATION OF FUNDS Total funds brought forward 35,319 TOTAL FUNDS CARRIED FORWARD 19,702 |
Restricted fund £ 5,173 - - 5,173 - - - - 5,173 - 5,173 |
2022 Total funds £ 107,391 151 - 107,542 - 35,158 82,828 117,986 (10,444) 35,319 24,875 |
2021 Total funds £ 79,289 1,633 831 |
|---|---|---|---|
| 81,753 | |||
| 5,438 60 40,936 |
|||
| 46,434 | |||
| 35,319 - |
|||
| 35,319 |
The notes form part of these financial statements
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FAITH IN LATER LIFE LTD
BALANCE SHEET 31ST MARCH 2022
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank 19,702 5,173 NET CURRENT ASSETS 19,702 5,173 TOTAL ASSETS LESS CURRENT LIABILITIES 19,702 5,173 NET ASSETS 19,702 5,173 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 24,875 24,875 24,875 24,875 19,702 5,173 24,875 |
2021 Total funds £ 35,319 |
|---|---|---|
| 35,319 | ||
| 35,319 | ||
| 35,319 | ||
| 35,319 - |
||
| 35,319 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
S Hammersley Chair - Trustee
The notes form part of these financial statements
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Sale of resources | 151 | 1,633 |
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| CEO Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 79,289 Other trading activities 1,633 Other income 831 Total 81,753 EXPENDITURE ON Raising funds 5,438 Charitable activities Resources 60 Other 40,936 Total 46,434 NET INCOME 35,319 TOTAL FUNDS CARRIED FORWARD 35,319 |
2022 1 1 2 Restricted fund £ - - - - - - - - - - |
2021 - 1 1 Total funds £ 79,289 1,633 831 81,753 5,438 60 40,936 46,434 35,319 35,319 |
2021 - 1 1 Total funds £ 79,289 1,633 831 81,753 5,438 60 40,936 46,434 35,319 35,319 |
|---|---|---|---|
| 81,753 | |||
| 5,438 60 40,936 |
|||
| 46,434 | |||
| 35,319 | |||
| 35,319 |
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
6. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 35,319 - 35,319 Incoming resources £ 102,369 5,173 107,542 |
Net movement At in funds 31.3.22 £ £ (15,617) 19,702 5,173 5,173 (10,444) 24,875 Resources Movement expended in funds £ £ (117,986) (15,617) - 5,173 (117,986) (10,444) Net movement At in funds 31.3.21 £ £ 35,319 35,319 35,319 35,319 |
|---|---|---|
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 81,753 | (46,434) | 35,319 |
| TOTAL FUNDS | 81,753 | (46,434) | 35,319 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | - | 19,702 | 19,702 |
| Restricted funds | |||
| Restricted | - | 5,173 | 5,173 |
| TOTAL FUNDS | - | 24,875 | 24,875 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 184,122 5,173 189,295 |
Resources Movement expended in funds £ £ (164,420) 19,702 - 5,173 (164,420) 24,875 |
Resources Movement expended in funds £ £ (164,420) 19,702 - 5,173 (164,420) 24,875 |
|---|---|---|---|
| 24,875 |
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2022.
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FAITH IN LATER LIFE LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations General grants received Other trading activities Sale of resources Other income Other income Total incoming resources EXPENDITURE Raising donations and legacies Advertising marketing and publ icity Charitable activities Conference and travel Church champion project Website costs Telephone Sundries Other Wages Design and print of resources Donations given Other Total resources expended Net (expenditure)/income |
2022 £ 107,391 - 107,391 151 - 107,542 - 2,052 6,878 8,172 17,784 272 35,158 73,564 - - 9,264 82,828 117,986 (10,444) |
2021 £ 1,289 78,000 |
|---|---|---|
| 79,289 1,633 831 |
||
| 81,753 5,438 60 - - - - |
||
| 60 39,506 795 563 72 |
||
| 40,936 | ||
| 46,434 | ||
| 35,319 |
This page does not form part of the statutory financial statements
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