2024-03-31-accounts

Registered Charity Number :- 1188639

GOOD FAITH FOUNDATION a Charitable Incorporated Organisation

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR END 31 March 2024

Good Faith Foundation 128B The Street Rustington, BN16 3DA [e-mail]

GOOD FAITH FOUNDATION

CONTENTS

FOR THE YEAR ENDED 31 March 2024

REFERENCE AND ADMINISTRATIVE INFORMATION ............................................................................... 3 TRUSTEES' REPORT ........................................................................................................................................ 4 INDEPENDENT EXAMINER'S REPORT ......................................................................................................... 9 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................... 10 BALANCE SHEET ........................................................................................................................................... 11 NOTES TO THE FINANCIAL STATEMENTS ............................................................................................... 12

2

REFERENCE AND ADMINISTRATIVE INFORMATION

GOOD FAITH FOUNDATION

FOR THE YEAR ENDED 31 March 2024

Trustees Mr J Richards Ms K L Shouesmith Mr A Popat Mr D T Barclay Mr S A Afolabi Ms J Kabasomi (Appointed 23 June 2023) Ms M Wyard (Appointed 23 June 2023) Mr M Dickson (Appointed 26 June 2023) Charity number 1188639 Independent examiner Finance Box Limited 128B The Street Rustington West Sussex BN16 3DA

3

GOOD FAITH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

The Trustees present its annual report and financial statements for the period ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "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

The charity's objectives are to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

The main activities undertaken to further the charity’s purposes for the public benefit, for the period ending the 31st March 2024 were receiving grants and commissioning work in the following areas:

• The ChurchWorks Commission focused on resourcing and supporting churches to support the vulnerable in their communities

• Bristol Church and City Supporting local churches to deepen their local impact and finding ways to strengthen Bristol’s supportive infrastructure.

• The Warm Welcome Campaign exists to resource, connect and champion a network of thousands of community spaces.

• UK FoRB Forum: Building a UK-based CIO to promote Freedom of Religion or Belief internationally

• Warm Welcome Hub Scale Up: Galvanising national refugee organisations in convening a UK-wide Welcome Coalition.

• Bristol Hotel Welcome Hub: Taps into the huge groundswell of public support and creates an effective community welcome infrastructure that helps Ukrainian refugees in Bristol to settle and integrate.

• Welcoming Mayors is a project to convene Mayors and their teams to explore how they could play a bigger role in welcoming refugees and asylum seekers.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding to undertake these activities.

Achievements and performance

ChurchWorks Commission

Having successfully brought on a new Commission Chair (the Bishop of Winchester, the Rt Revd Philip Mounstephen) and had our most successful year of fundraising in 2023/24, the ChurchWorks Commission has been able to establish itself within the Christian community and with government and public sector partners as a credible and high-impact entity that is able to support better partnerships between church and government. The Commissioners have regularly met with Government Ministers, officials and other political stakeholders to make the case for more intentional partnerships, build a coalition of partner charities, and grow its programmatic work. This work all helps to do four key things: catalyse collaboration between new partners (particularly between church and government);

4

GOOD FAITH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

communicate the church’s impact in addressing major social issues; research and evidence the church’s role in tackling the mental health and wellbeing crisis, its support for vulnerable children and families and the efforts to tackle poverty through the church; and advocate for changes in policy and practice to make this work easier and more impactful.

Bristol Church and City

This winter 75 Welcoming Spaces were registered in Bristol, with a third of these being hosted by churches. Many churches have developed their 2022-23 offering from a simple ‘warm space’ to engaging with the needs of their local communities in creative ways such as running after-school Clubs, cookery classes, digital skills clubs, Citizens Advice drop ins, community cafes and wellbeing groups.

We are seeing churches work together in innovative and exciting ways, sharing resources and expertise. Examples of this include B&A Church providing hot meals for Church Welcoming Spaces across the city and Ebenezer Church sharing insights and experience with smaller churches looking to attract more people to their spaces. Monthly zoom calls have been spaces for leaders to encourage each other, share ideas and be connected with local organisational offers. We are seeing a shift as more churches embed Welcoming Spaces into their church mission and vision, with a desire for this to become an all-year round initiative. A focus for the coming winter will be to continue building partnerships with organisations that can provide training to volunteers or provision to space guests, as well as develop funding opportunities to ensure the sustainability of spaces.

Warm Welcome

In 2023-24 the Campaign grew the network to almost 4000 Warm Welcome Spaces of all kinds - faith groups, libraries, community centres, sports clubs etc. During the winter of 2023-24 these Spaces received around 2 million visits, over 120,000 every week. Warm Welcome's unique set of partnerships helped to unlock a variety of resources for these groups, including a £2.7m funding programme from National Grid Electricity Distribution which benefited over 400 Spaces. The Campaign once again garnered significant media attention, including a feature on BBC Breakfast with actor Michael Sheen visiting a Warm Welcome Space at Port Talbot library. The Impact Report for 2023-24 provided a strong platform on which Warm Welcome has now built a 5-year strategy.

Welcome Hub Scale Up

The Welcome Hub infrastructure is embedded in South Gloucestershire and Gateshead

We continue to develop Welcome Hubs in South Gloucestershire and Gateshead building on ongoing work pioneered in Bristol over the last couple of years. Following the evaluation of the initial Hubs by Social Finance, Welcome Hubs have been established as a core part of the Council’s strategy to engage voluntary groups to support newly arrived asylum seekers in Bristol & South Gloucestershire. Additional funding was secured from these two local authorities to develop this project, includibg working with a range of local partners to support people through cultural events, Welcome to the UK courses (to assist their orientation) and employment support to name just three aspects.

The Welcome Hub work in Gateshead is nearing the end of its first year and has been well received by the Local Authority and VCSE partners alike with network meetings well attended and several new initiatives to encourage partnership working. For example, a volunteer fair was held, drop in capacity and engagement from agencies has increased, ESOL classes increased in number and attendance and a partnership funding bid to Comic Relief has been submitted. If successful this would continue the network by funding a mobiliser beyond June when the AIM Foundation funding is exhausted.

5

GOOD FAITH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

UK FoRB Forum

The UK FoRB Forum has successfully built a voluntary gathering of human rights NGOs, faith-based organisations, development agencies, religious institutions or belief communities, academic and research centres interested in protecting freedom of religion or belief worldwide.

For the past four years of operations, the Good Faith Foundation has hosted the platform, providing a Secretariat that convenes between 9 and 12 meetings a year. In 2024, the Secretariat has gathered a core group to be the Founding Trustees for the Forum in its journey to becoming an independent organisation. We have submitted an application to the Charity Commission for the Forum to be registered as a Charitable Incorporated Organisation that, as of September 2024, is still being processed.

The Forum welcomed six new organisations at the beginning of 2024 and facilitated discussions on the persecution of the Hindu, Christian, and Ahmadiyya communities; the impact of Artificial Intelligence and Climate Change in FoRB; the role of gender perspective in faith or belief-based persecution, the situation of FoRB in Iraq, Bangladesh, Nigeria, India and others.

Welcome Hubs

The latest iteration of the welcome hubs work in Bristol was launched in May 2023, partnering with a local church, a place of welcome and support for asylum seeking families living in city centre hotels was opened. Utilising partnerships from across the local refugee sector, hundreds of asylum seekers experienced welcome and friendship at the hub. A Christmas party alone welcomed 130 people from local asylum hotels. Since the beginning of 2024, the hub adapted its approach to take a more coproduction approach in seeking to facilitate the families themselves host their own community events. Having consulted with local partners (such as local charity, Borderlands), a 'Community Cookup' approach was implemented, whereby families are invited to create a menu, given some funding for food, invite their wider families and friends/wider community at the hotel and host the event along with a supportive group of volunteers. With no access to a kitchen in the hotels, families have grabbed at the chance to cook-up dishes from their countries of origin. As cooking for many is such a big part of their culture and way of life this activity has been pivotal in their wellbeing.

Welcome Mayors

The project kicked off in late 2023, and identified a number of key Combined Authorities and other stakeholders (e.g. Strategic Migration Partnerships, Local Authorities, Devolved Administrations) with an interest in this area. After a number of initial briefing meetings, we held a webinar with the Woolf Commission on Refugee Integration to bring key contacts together to discuss the Commission's recommendations (which included a number of ideas around devolving power and resource on refugee issues to the regional level). The project also involves a partnership with NACCOM to run a number of lived experience focus groups exploring people's experiences of welcome and how that might relate to the current and future powers of Mayors.

6

GOOD FAITH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

Financial review

For the period ended 31 March 2024 the total grant income received was £955,230 (2023: £432,839). Grants totalling £920,153 (2023: £416,919) were awarded in this period, third party payments were £4,167 (2023: £nil), and £13,044 (2023: £12,983) was spent on support costs, resulting in a net surplus for the year of £18,171 (2023: £2,643). Retained earnings carried over from 2022/23 of £3,228 (2021/22: £585) led to total capital and reserves of £21,399 (2023: £3,228).

The Good Faith Foundation keeps its reserves to a minimum as it only commissions work when it receives grants, and it has very low operating costs. In accordance with the business reserves policy the Foundation holds at least 12 months support costs. Therefore, Trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future, and the Trustees continue to adopt the going concern basis of accounting in preparing the financial statement.

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) operating throughout England and Wales.

The members of the Trustees who served during the period and up to the date of signature of the financial statements were:

Mr J Richards Ms Katherine Shouesmith Mr A Popat Mr DT Barclay Mr S A Afolabi Mr G Kynaston (Appointed 28 April 2022; resigned 8 February 2023) Ms J Kabasomi (Appointed 31 July 2023) Mr M Dickson (Appointed 31 July 2023) Ms M Wyard (Appointed 31 July 2023)

The Board is comprised of independent, unremunerated, non-executive Trustees with one being a nominated person from the Good Faith Partnership. Trustee recruitment is managed to ensure a broad mix of skills, experience, and diversity to enhance Board decision making. The recruitment process is open and rigorous although direct approaches to candidates who meet the Board’s recruitment criteria can be made. Trustees are appointed following a competitive interview and short-listing process. Trustees are appointed by the Board for an initial term of three years. The Board Chair is elected by the Trustees annually.

None of the members of the Trustees has any beneficial interest in the company. All of the members of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding-up.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

7

GOOD FAITH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 March 2024

Details of organisational structure

To ensure the organisation keeps core costs to a minimum the organisation does not employ any staff and instead commissions individuals or organisations to complete project work once a grant has been won. However, to help with the organisational support, The Good Faith Partnership provides pro-bono support in general operations to support the trustees to ensure the charity is operating within the governing document and SORP guidelines. Trustees review this arrangement regularly to ensure that it allows GFF to maximise public benefit.

The Trustees report was approved by the Trustees. Martin Dickson Martin Dickson (Jan 2, 2025 14:16 GMT) Josh Richards (Dec 24, 2024 11:55 GMT) Martin Dickson Josh Richards 02/01/25 24/12/24 ..............................

8

GOOD FAITH FOUNDATION

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 March 2024

I report to the Trustees on my examination of the financial statements of Good Faith Foundation (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Licensed Accountant and Member of the Association of Accounting Technicians (MAAT), which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 financial statements to be reached.

Finance Box Limited

Steven Case (MAAT)

128B The Street Rustington West Sussex BN16 3DA

03/01/25

9

GOOD FAITH FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 March 2024

Notes Income from: Charitable activities 2 Investments 3 Total Expenditure on: Charitable activities 4 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds £ Restricted income funds £ Total Funds 2024 £ Total Funds 2023 £ 697,034 258,196 955,230 432,388 305 - 305 157
	697,339 258,196 955,535 432,545
	679,168 258,196 937,364 429,902
	679,168 258,196 937,364 429,902
	18,171 - 18,171 2,643
	18,171 - 18,171 2,643 3,228 - 3,228 585
	21,399 - 21,399 3,228

10

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

Notes Current assets Debtors 8 Cash at bank and in hand 9 Total current assets Creditors: amounts falling due within one year 10 Net current assets/(liabilities) Total net assets or liabilities Funds of the Charity Unrestricted funds 11 Restricted income funds 11 Designated funds 11 Total funds	Unrestricted funds £ Restricted income funds £ Total Funds 2024 £ Total Funds 2023 £ 161,399 37,156 198,555 197,607 38,769 1,020 39,789 56,926 200,168 38,176 238,344 254,533 178,769 38,176 216,945 251,305 21,399 - 21,399 3,228
	21,399 - 21,399 3,228
	21,399 - 21,399 3,228 - - - - - - - -
	21,399 - 21,399 3,228

The financial statements were approved by the Board on 3[rd] January 2025 and signed on its behalf by:

Josh Richards (Dec 24, 2024 11:55 GMT)

Mr J Richards Trustee

11

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

1 Accounting Policies

1.1 Accounting Policies

Charity information

Good Faith Foundation is a Charitable Incorporated Organisation (CIO) operating throughout England and Wales.

1.2 Basis of preparation

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (FRS 102) and the Charities SORP 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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Income from donations or grants

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income from charitable activities

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

12

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7 Creditors

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Fund accounting

Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

1.9 Debtors

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

13

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

2 Income from Charitable Activities

Grants & donations Microgrants (in)	Unrestricted funds Restricted income funds Total funds 2024 Total funds 2023 £ £ £ £ 697,034 91,516 788,550 432,389 - 166,680 166,680 - 697,034 258,196 955,230 432,389

3 Income from Investments

me from Investments
Interest income	Unrestricted funds Total funds 2024 Total funds 2023 £ £ £ 305 305 157
	305 305 157

4 Expenditure on Charitable Activities

Associate Costs Microgrants (out) Other 3rd party payments Support Costs	Total funds 2024 Total funds 2023 £ £ 753,353 416,918 166,800 - 4,167 - 13,044 12,983
	937,364 429,903

14

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

Projects

Associated Costs Share of support costs (see note 5) Share of governance costs (see note 5) Analysis by fund Unrestricted funds Restricted funds	Bristol Churches & City Bristol Hotel Welcome Hub Church works Churchworks - Incognito Funds Churchworks - Wellbeing UK FoRB Forum Warm Welcome Welcome Scale-Up Welcoming Mayors Total 2024 Total 2023 2024 2024 2024 2024 2024 2024 2024 2024 2024 £ £ £ £ £ £ £ £ £ £ £ 16,631 9,500 109,243 4,500 18,486 10,835 709,971 24,429 20,725 924,320 416,920 309 176 2,026 16 - 201 9,161 454 - 12,344 10,152 18 10 115 - - 11 520 26 - 700 2,831
	16,958 9,686 111,384 4,516 18,486 11,048 719,652 24,908 20,725 937,364 429,903
	16,958 9,686 111,213 - 2,484 11,048 502,872 24,908 - 679,468 173,603 - - 172 4,516 16,003 - 216,780 - 20,725 258,196 256,300
	16,958 9,686 111,384 4,516 18,486 11,048 719,652 24,908 20,725 937,364 429,903

For the year ended 31 March 2023

								National
	Faith in Prisons	UK FoRB Forum	Your Neighbour	Church works	MHCLG	Core costs	Bristol Churches & City	Homes for Ukraine	Ukraine Bristol	Ministerial	Warm Welcome	Total 2023
								Project
	£	£	£	£	£	£	£	£	£	£	£	£
Associated Costs	31,786	6,307	-	97,956	-	-	1,647	9,500	26,220	32,490	211,014	416,920
Share of
support costs	-	-	(328)	3,103	188	54	68	302	834	1,040	4,891	10,152
(see note 5)
Share of
governance costs (see note	-	-	(92)	866	52	15	19	84	233	290	1,364	2,831
5)
	31,786	6,307	(420)	101,925	240	69	1,734	9,886	27,287	33,820	217,269	429,903
Analysis by
fund
Unrestricted funds	-	6,307	(420)	88,425	240	69	1,734	9,886	27,287	33,820	6,255	173,603
Restricted funds	31,786	-	-	13,500	-	-	-	-	-	-	211,014	256,300
	31,786	6,307	(420)	101,925	240	69	1,734	9,886	27,287	33,820	217,269	429,903

15

NOTES TO THE FINANCIAL STATEMENTS

GOOD FAITH FOUNDATION

FOR THE YEAR ENDED 31 March 2024

5 Support Costs

Support Costs
	Total funds 2024		Total funds 2023
	£		£
Accountancy Costs	9,266		8,875
Bank charges	101		113
Computer Costs	455		80
Insurance	1,018		929
Office/General Administrative Expenses	14		112
Other Professional Services	296		44
Travel and Accommodation	1,194		-
Governance Costs
Independent examiners fees	700		2,831
Analysed between Charitable activities	13,044		12,984
6 Details of certain Items of Expenditure
		2024	2023
		£	£
Independent examination fees		700	2,831
7 Employees
		2024	2023
The average monthly number of employees during the year was:		-	-

16

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

8 Debtors: Amounts falling due within one year

	Total funds 2024 Total funds 2023	Total funds 2024 Total funds 2023
	£	£
Accrued Income	5,264	6,272
Prepayments	183,691	175,061
Debtors	9,600	16,273
	198,555	197,606
9 Cash at bank and in hand
	Total funds 2024 Total funds 2023
	£	£
CafCash Account	39,789	56,926
	39,789	56,926
10 Creditors: Amounts falling due within one year
	Total funds 2024 Total funds 2023
	£	£
Creditors	24,052	309
Accruals	3,336	26,585
Deferred Income	189,437	224,411
GFP Creditor	120	-
	216,945	251,305

17

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

11 Charity funds

Details of material funds held and movements during the reporting period

Bristol Hotel Welcome Hub Churchworks Churchworks - Incognito Funds Churchworks - Wellbeing UK FoRB Forum Warm Welcome Welcoming Mayors	Movement in funds Incoming resources Resources expended Balance as at 1 April 2023 Incoming resources Resources expended Balance as at 31 March 2024 £ £ £ £ £ £ 13,500 (13,500) - - - - 31,786 (31,786) - 172 (172) - - - - 4,516 (4,516) - - - - 16,003 (16,003) - - - - 11,405 (11,405) - 211,014 (211,014) - 216,780 (216,780) - - - - 20,725 (20,725) -
	256,300 (256,300) - 258,196 (258,196) -

12 Transactions with trustees and related parties

Mr D T Barclay, who served as has served as a Trustee for the whole of the financial year to the date of signature of the financial statements, is also LLP Designated Member of The Good Faith Partnership LLP, a consultancy partnership. As such, The Good Faith Partnership LLP is considered a related party of the Good Faith Foundation.

During the period, the organisation paid the LLP £776,610 (2023: £416,919) to deliver all of its charitable activities during the period. As at the 31 March 2024, the organisation owed the LLP £23,892 (2023: £285) within Trade Creditors as well as £285 within Other Creditors.

Trustees incurred expenses personally and had these expenses met by the charity in the amounts of £689.19 (2023: £nil).

18

AnnualAccount_01-Apr-2023 - 31-Mar-2024v4

Final Audit Report 2025-01-02

Created: 2024-12-24 By: Steven Case ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA3nux6Px5ztmlFz9ArQ-NoR21Bgp1nDvd

"AnnualAccount_01-Apr-2023 - 31-Mar-2024v4" History

Document created by Steven Case ([e-mail])

2024-12-24 - 10:47:56 AM GMT

Document emailed to Martin Dickson ([e-mail]) for signature 2024-12-24 - 10:48:00 AM GMT

Document emailed to Josh Richards ([e-mail]) for signature 2024-12-24 - 10:48:00 AM GMT

Document emailed to Steven Case ([e-mail]) for signature 2024-12-24 - 10:48:01 AM GMT

Email viewed by Steven Case ([e-mail]) 2024-12-24 - 10:49:47 AM GMT

Document e-signed by Steven Case ([e-mail]) Signature Date: 2024-12-24 - 10:50:10 AM GMT - Time Source: server

Email viewed by Josh Richards ([e-mail]) 2024-12-24 - 11:42:15 AM GMT

Document e-signed by Josh Richards ([e-mail]) Signature Date: 2024-12-24 - 11:55:38 AM GMT - Time Source: server

Email viewed by Martin Dickson ([e-mail]) 2025-01-02 - 2:15:25 PM GMT

Document e-signed by Martin Dickson ([e-mail]) Signature Date: 2025-01-02 - 2:16:06 PM GMT - Time Source: server

Agreement completed. 2025-01-02 - 2:16:06 PM GMT