Digitally Signed Document Document ID: 9045F98E04D8DB
## Document Details:
|**Filename:**|FAITH-Charities report - 22.2-CHA-KB-
20231213.PDF|
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|**Client of:**|Higginson & Co (UK) Ltd|
## Signature Details
|**Name:**|Stephen Hammersley|
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|**Email:**|stephen.hammersley@pilgrimsfriend.org.uk|
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|**Date & Time:**|13/12/2023 16:23:59 PM (GMT)|
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|**IP Address:**|51.52.14.59|
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|**Signing Statement:**|Faith in Later life Ltd agrees and approves the
contents of this document.|
## Digital Certificate
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|**On behalf of:**|Higginson & Co (UK) Ltd|
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|**PDF digital certificate:**|IRIS Software Group Limited|
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|**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 2023**
## **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 2023**
|||**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 2023**
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 2023. 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 2023 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.
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 and in January 2023 we took over the running of the service. This service has taken over 800,000 calls.
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 have over 700 people registered.
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 engaged with the Archbishop of Canterbury's Reimagining Care Commission and emerged as one of the leading contributors as to how to take the recommendations forward at a grassroots level.
We participated with the Presbyterian Church of Ireland in developing and promoting a new bible resource for seniors based on Psalm 23 "All the Day of My Life".
We have produced and delivered training on: sharing the gospel; befriending and addressing loneliness; supporting carers; and understanding dementia. We have networked our Church Champions through monthly zoom events.
We listen to our Church Champions and the feedback from the training and the conferences is positive. We are succeeding in encouraging, inspiring, and equipping them.
1
**FAITH IN LATER LIFE LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **OBJECTIVES AND ACTIVITIES**
## **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.
## **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 surplus of £53,587 (2022 deficit £10,444). Of this £54,626 is restricted funding. The reserve amounted to £78,462 (2022 £24,875) being all held in a current bank account,.Of these restricted funds totalled £59,799 (2022 £5,173).
## **Principal funding sources**
- Grants from organisations who were involved in setting up the charity.
- Grants from grant funding organisations
- Donations and fundraising from supporters and volunteers.
## **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 targeted 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. Also the trustees have the continued commitment from the initial funding partners..
2
**FAITH IN LATER LIFE LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **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 Lead Officer 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'.
## **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 E Cobb T Puttick A Wileman R Chaplain
## **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 2023.
## **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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
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 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
99,610
Other trading activities
2
15
Other income
1,137
**Total**
100,762
**EXPENDITURE ON**
**Charitable activities**
Resources
34,284
Other
67,517
**Total**
101,801
**NET INCOME/(EXPENDITURE)**
(1,039)
**RECONCILIATION OF FUNDS**
Total funds brought forward
19,702
**TOTAL FUNDS CARRIED FORWARD**
18,663|Restricted
fund
£
56,126
-
-
56,126
-
1,500
1,500
54,626
5,173
59,799|2023
Total
funds
£
155,736
15
1,137
156,888
34,284
69,017
103,301
53,587
24,875
78,462|2022
Total
funds
£
107,391
151
-
107,542
35,158
82,828
117,986
(10,444)
35,319
24,875|
|---|---|---|---|
The notes form part of these financial statements
5
## **FAITH IN LATER LIFE LTD**
## **BALANCE SHEET 31ST MARCH 2023**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Cash at bank
18,663
59,799
**NET CURRENT ASSETS**
18,663
59,799
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
18,663
59,799
**NET ASSETS**
18,663
59,799
**FUNDS**
6
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
Total
funds
£
78,462
78,462
78,462
78,462
18,663
59,799
78,462|2022
Total
funds
£
24,875|
|---|---|---|
|||24,875|
|||24,875|
|||24,875|
|||19,702
5,173|
|||24,875|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 2023**
## **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**|||
|---|---|---|
||2023|2022|
||£|£|
|Sale of resources|15|151|
continued...
7
**FAITH IN LATER LIFE LTD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Lead Officer
No employees received emoluments in excess of £60,000.
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
102,218
Other trading activities
151
**Total**
102,369
**EXPENDITURE ON**
**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|2023
1
Restricted
fund
£
5,173
-
5,173
-
-
-
5,173
-
5,173|2022
1
Total
funds
£
107,391
151
107,542
35,158
82,828
117,986
(10,444)
35,319
24,875|
|---|---|---|
continued...
8
**FAITH IN LATER LIFE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **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
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.22
£
19,702
5,173
24,875
Incoming
resources
£
100,762
56,126
156,888
At 1.4.21
£
35,319
-
35,319|Net
movement
At
in funds
31.3.23
£
£
(1,039)
18,663
54,626
59,799
53,587
78,462
Resources
Movement
expended
in funds
£
£
(101,801)
(1,039)
(1,500)
54,626
(103,301)
53,587
Net
movement
At
in funds
31.3.22
£
£
(15,617)
19,702
5,173
5,173
(10,444)
24,875|
|---|---|---|
continued...
9
**FAITH IN LATER LIFE LTD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **6. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
102,369
5,173
107,542|Resources
Movement
expended
in funds
£
£
(117,986)
(15,617)
-
5,173
(117,986)
(10,444)|Resources
Movement
expended
in funds
£
£
(117,986)
(15,617)
-
5,173
(117,986)
(10,444)|
|---|---|---|---|
||||(10,444)|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.21|in funds|31.3.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|35,319|(16,656)|18,663|
|**Restricted funds**||||
|Restricted|-|59,799|59,799|
|**TOTAL FUNDS**|35,319|43,143|78,462|
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
£
203,131
61,299
264,430|Resources
Movement
expended
in funds
£
£
(219,787)
(16,656)
(1,500)
59,799
(221,287)
43,143|Resources
Movement
expended
in funds
£
£
(219,787)
(16,656)
(1,500)
59,799
(221,287)
43,143|
|---|---|---|---|
||||43,143|
continued...
10
**FAITH IN LATER LIFE LTD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st March 2023.
11
## **FAITH IN LATER LIFE LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
General grants received
**Other trading activities**
Sale of resources
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Conference and travel
Church champion project
Website costs
Communications
Office and computer costs
Marketing and networking
Sundries
**Other**
Wages
Donations given
Other
Admin and support costs
Total resources expended
**Net income/(expenditure)**|2023
£
59,636
96,100
155,736
15
1,137
156,888
4,255
331
10,453
14,629
1,359
150
3,107
34,284
32,307
1,500
-
35,210
69,017
103,301
53,587|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)|
|---|---|---|
This page does not form part of the statutory financial statements
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