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 2025
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 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
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 2025. 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 objects 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 2025 the following were our significant activities -
We supported over one thousand 'Church Champions' (seniors workers) who are regularly engaging with around 50,000 older people. Some are seeing older people come to faith, whilst almost all are encouraged by decreased loneliness, strengthening faith and increased church engagement, as a result of their work.
Resources were provided through our website and 29,000 people accessed information to support them in their ministries among older people.
Our social media reach, carrying messages of encouragement, information and hope, was 15,000 people, and the newsletter reached 2000 people per month.
We championed the cause of older people and inspired and equipped Christians by reaching many people (sometimes millions) across Christian radio and TV, BBC local and national radio, BBC 1's Songs of Praise, as well as significant Christian online and printed publications.
We produced resources and delivered our Love My Neighbour winter loneliness campaign to raise awareness about the devastating effect of winter loneliness on older people, and to help Christians reach out to lonely and isolated older people in their neighbourhoods
In 2025 callers to the DailyHOPE phone line were supported with over half a million call minutes through almost 80,000 calls bringing hope and comfort with hymns, reflections and prayers to older individuals at home, and to people of all ages through the in-cell phone prison service.
We inspired and equipped Church Champions through 6 online Church Champion Training sessions from experts in the field, and we continued to make this training available on YouTube after each event. As a result of Church Champion research, we continued to focus on key issues that concern those ministering among older people in their local communities including rural ministry, retirement, dementia, sharing the gospel with older people, discipleship, and bereavement.
We have provided online networking opportunities for our Church Champions through five zoom events and a thriving WhatsApp group, providing prayer, encouragement and guidance to those serving older people in their communities.
We have developed partnerships with and delivered training, talks, interviews, and podcasts for denominations, para church organisations, and churches, to encourage and equip them to practically value older people and help them to have faith in later life.
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FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
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.
-
supporting a network of Christians involved with older people in the church/community. This support is via shared resources and online training events.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Celebrating Outcomes
Our 2024 autumn survey revealed that Faith in Later Life is really valued for providing ideas, inspiration, training and encouragement - particularly through newsletters and online sessions.
89% of Church Champions surveyed said the impact of their ministry included either older people bringing their friends, sharing their faith, praying, becoming Christians, getting baptised or people living with dementia being supported to have faith in later life.
Partnerships
We are privileged to be affiliated with Christian projects such as Empowering Communities, Christians in Care and Christians Together Against Loneliness and together be a voice for older people.
In 2024 Faith in Later Life was generously supported in prayer and financially by individual givers, our partners London City Mission, The Salvation Army, Pilgrims Friend Society, and Keychange, as well as through grants awarded to us by Benefact Trust, Garfield Weston Foundation, Bishop Radford Trust, Jerusalem Trust, and Sir Halley Stewart Trust. We are tremendously thankful to all those who enable us to achieve our goals and help people have faith in later life.
In 2024, The Benefact Trust approved a grant of £45,000 over 3 years in equal tranches of £15,000 for the Church Champions Project at Faith in Later Life. Reporting for was due on 22 March 2025 in respect of the first tranche paid in financial year 2023/24. As a result of an administrative oversight, the report was submitted on 7 April showing that the charity was on track to achieve the outcomes and indicators required, but this delay meant that the second tranche of the grant from the Benefact Trust was not received until after the end of the 2024/25 financial year.
Fundraising activities
We secured grants from the founding organisations that support Faith in Later Life, as well as securing the final year of a grant from an external grant funding Trust.
FINANCIAL REVIEW
Financial position
The charity ended the year with a surplus of £1,718 (2024 surplus £2,658). This comprises a surplus of £42,876 for unrestricted funds and a deficit of £41,158 on the Daily Hope restricted fund, which was covered by the restricted reserves bought forward
The reserve amounted to £82,838 (2024 £81,120). Of these restricted funds totalled £18,203 (2024 £59,361).,
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FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
FINANCIAL REVIEW Principal funding sources
These were:
-
Grants from organisations who were involved in setting up the charity.
-
Grants from grant funding organisations
-
Donations and fundraising from supporters and volunteers.
-
Transfers of funds into a restricted fund to support DailyHope.
Funders and supporters of Faith in Later Life include the following -
Grants from Trusts and Foundations
£
| Bishop Radford | 2,000 |
|---|---|
| Garfield Weston | 25,000 |
| Sir Halley Stewart | 20,000 |
| The Jerusalem Trust | 10,000 |
Grants form Partners
| Key Change | 10,000 |
|---|---|
| London City Mission | 5,000 |
| Pilgrims Friend Society | 40,000 |
| Salvation Army | 15,000 |
The Benefact Trust approved a grant of £45,000 in 2024 spread over 3 years in equal tranches of £15,000 for the Church Champions Project at Faith in Later Life.
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. The charity has the continued commitment from the initial funding partners...
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.
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FAITH IN LATER LIFE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Wider network
The charity is run by the Chief Executive Officer who is the sole employee. Additional administrative support is provided by a subcontracted relationship as it can be afforded. 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 K Croft (appointed 24/10/2024) E Cobb (resigned 24/10/2024) T Puttick (resigned 24/10/2024) A Wileman R Chaplin
Independent Examiner
Higginson & Co (UK) Ltd 3 Kensworth Gate 200 - 204 High Street South Dunstable Bedfordshire LU6 3HS
20/12/2025
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 2025.
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
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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
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 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 140,654 Other trading activities 2 - Total 140,654 EXPENDITURE ON Raising funds 9,903 Charitable activities Resources 40,400 Other 47,475 Total 97,778 NET INCOME/(EXPENDITURE) 42,876 RECONCILIATION OF FUNDS Total funds brought forward 21,759 TOTAL FUNDS CARRIED FORWARD 64,635 |
Restricted fund £ 2,171 - 2,171 - 43,329 - 43,329 (41,158) 59,361 18,203 |
2025 Total funds £ 142,825 - 142,825 9,903 83,729 47,475 141,107 1,718 81,120 82,838 |
2024 Total funds £ 185,776 61 |
|---|---|---|---|
| 185,837 | |||
| - 124,978 58,201 |
|||
| 183,179 | |||
| 2,658 78,462 |
|||
| 81,120 |
The notes form part of these financial statements
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FAITH IN LATER LIFE LTD
BALANCE SHEET 31ST MARCH 2025
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 249 - CURRENT ASSETS Debtors 8 1,479 - Cash at bank 72,274 18,203 73,753 18,203 CREDITORS Amounts falling due within one year 9 (9,367) - NET CURRENT ASSETS 64,386 18,203 TOTAL ASSETS LESS CURRENT LIABILITIES 64,635 18,203 NET ASSETS 64,635 18,203 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 249 1,479 90,477 91,956 (9,367) 82,589 82,838 82,838 64,635 18,203 82,838 |
2024 Total funds £ 374 1,547 81,475 83,022 (2,276) 80,746 81,120 81,120 21,759 59,361 81,120 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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
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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.
The notes form part of these financial statements
continued...
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FAITH IN LATER LIFE LTD
BALANCE SHEET - continued 31ST MARCH 2025
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 20/12/2025 ............................................. 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 2025
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
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.
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
2. OTHER TRADING ACTIVITIES
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Sale of resources | - | 61 | |
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Depreciation - owned assets | 125 | 125 | |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 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 106,221 Other trading activities 61 Total 106,282 EXPENDITURE ON Charitable activities Resources 44,985 Other 58,201 Total 103,186 |
2025 1 Restricted fund £ 79,555 - 79,555 79,993 - 79,993 |
2024 1 Total funds £ 185,776 61 |
|---|---|---|
| 185,837 | ||
| 124,978 58,201 |
||
| 183,179 |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| NET INCOME/(EXPENDITURE) | 3,096 | (438) | 2,658 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 18,663 | 59,799 | 78,462 | ||
| TOTAL FUNDS CARRIED FORWARD | 21,759 | 59,361 | 81,120 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| Computer | |||||
| equipment | |||||
| £ | |||||
| COST | |||||
| At 1st April 2024 and 31st March 2025 | 499 | ||||
| DEPRECIATION | |||||
| At 1st April 2024 | 125 | ||||
| Charge for year | 125 | ||||
| At 31st March 2025 | 250 | ||||
| NET BOOK VALUE | |||||
| At 31st March 2025 | 249 | ||||
| At 31st March 2024 | 374 | ||||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Other debtors | 28 | 24 | |||
| Prepayments | 1,451 | 1,523 | |||
| 1,479 | 1,547 |
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes 10. 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 |
At 1.4.24 £ 21,759 59,361 81,120 Incoming resources £ 140,654 2,171 142,825 |
2025 2024 £ £ 9,024 1,576 343 700 9,367 2,276 Net movement At in funds 31.3.25 £ £ 42,876 64,635 (41,158) 18,203 1,718 82,838 Resources Movement expended in funds £ £ (97,778) 42,876 (43,329) (41,158) (141,107) 1,718 |
|---|---|---|
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 18,663 Restricted funds Restricted 59,799 TOTAL FUNDS 78,462 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 106,282 Restricted funds Restricted 79,555 TOTAL FUNDS 185,837 |
Net movement At in funds 31.3.24 £ £ 3,096 21,759 (438) 59,361 2,658 81,120 Resources Movement expended in funds £ £ (103,186) 3,096 (79,993) (438) (183,179) 2,658 |
Net movement At in funds 31.3.24 £ £ 3,096 21,759 (438) 59,361 2,658 81,120 Resources Movement expended in funds £ £ (103,186) 3,096 (79,993) (438) (183,179) 2,658 |
|---|---|---|
| 2,658 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,663 | 45,972 | 64,635 |
| Restricted funds | |||
| Restricted | 59,799 | (41,596) | 18,203 |
| TOTAL FUNDS | 78,462 | 4,376 | 82,838 |
continued...
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FAITH IN LATER LIFE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
10. MOVEMENT IN FUNDS - continued
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 £ 246,936 81,726 328,662 |
Resources Movement expended in funds £ £ (200,964) 45,972 (123,322) (41,596) (324,286) 4,376 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2025.
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FAITH IN LATER LIFE LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations General grants received Other trading activities Sale of resources Total incoming resources EXPENDITURE Raising donations and legacies Fundraising costs Charitable activities DailyHOPE costs Church champion project Website costs Communications and marketing Office and computer costs Conference and travel Sundries Travel and Subsistence Subscriptions and memberships Other Wages Donations given Admin support and programme costs Computer equipment Support costs Finance Bank charges |
2025 £ 15,825 127,000 142,825 - 142,825 9,903 43,329 1,261 6,234 14,672 2,856 5,489 - 3,091 939 77,871 37,244 112 9,994 125 47,475 344 |
2024 £ 85,776 100,000 |
|---|---|---|
| 185,776 61 |
||
| 185,837 - 96,286 978 4,400 15,606 4,106 2,350 1,192 - - |
||
| 124,918 23,030 - 35,046 125 |
||
| 58,201 60 |
This page does not form part of the statutory financial statements
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FAITH IN LATER LIFE LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
| Finance Governance costs Accountancy and legal fees Total resources expended Net income |
2025 £ 5,514 141,107 1,718 |
2024 £ - |
|---|---|---|
| 183,179 | ||
| 2,658 |
This page does not form part of the statutory financial statements
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