OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Charity Registration Number : 1188639

GOOD FAITH FOUNDATION

a Charitable Incorporated Organisation

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

GOOD FAITH FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees J Richards
K L Shouesmith
A Popat
D T Barclay
S A Afolabi
J Kabasomi (resigned 14 May 2025)
M Wyard
M Dickson
Charity Number 1188639
Registered Office 128B The Street
Rustington
BN16 3DA
Independent Examiner Finance Box
128B The Street
Rustington
BN16 3DA

2

GOOD FAITH FOUNDATION

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2025

Trustees' Report

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Notes to the Financial Statements

3

GOOD FAITH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

Trustees' report and financial statements

The Trustees present its annual report and financial statements for the period ended 31 March 2025.

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 2025 were receiving grants and commissioning work in the following areas:

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

Achievements and performance

Bristol Church & City

We continued to support church-based Warm Welcome Spaces in Bristol to reflect on their activities over the previous winter. We also developed plans to expand this work into the Bristol Thriving Communities Project, and successfully gained 3 year funding to launch that from September 2024.

4

Bristol Thriving Community

This project (which came out of the Bristol Church & City project and was launched in September 2024) has gone from strength to strength. The biggest development has been the launch of the Bristol Warm Welcome Network: an online conference specifically tailored towards community cafes and warm spaces. The key point of difference for this gathering compared to previous work on the Bristol Church & City project, is its efforts to include non-faith-based spaces, as well as those in church settings. We’ve had dozens of spaces from all parts of Bristol attend, network with other spaces, receive in-depth training, and learn about funding opportunities. In October 2025 we are due to hold our first in-person Bristol Warm Welcome Network, focussing on health, at the Triodos Bank event space in the city centre.

There are 37 church-based warm spaces across Bristol, and we continue to visit and support these regularly. There is also a dedicated lunch for the leaders of these spaces, hosted by B+A Church on Gloucester Road, where both the practical and spiritual sides of running them are discussed.

Bristol Hotel Welcome Hub

Since 2023, there have been three city centre hotels in Bristol that have been converted into housing for asylum seekers from many nationalities from around the world. Their collective capacity is 1,200 and although turnover has been high, numbers remain consistently close to capacity. Families that have arrived have shared that they feel fearful to leave their room and the hotel and they feel anxious about how their children will adapt to life in the UK (including school).

A very important development for this project was the appointment of Holly Woodley as a paid Welcome Hub Coordinator. This appointment has ensured the quality and the consistency of the delivery of the project. Holly's appointment meant we were able to double the weekly visits in the hotels. She has helped facilitate workshops with several local creative organisations (e.g. art) within the hotel lobby, and this has been very well received. Another key development has been the introduction of a new monthly community meal offer in partnership with local charity, Bridges for Communities. The evenings include a quality culturally appropriate cooked meal, musical performances and karaoke! These evenings have been a powerful time of connection and celebration.

Of the three hotels, one hotel was particularly hard to access. Through several conversations with senior management of the company and much persistence, we eventually gained permission to run weekly sessions in the hotel, and since the beginning of 2025 we have been able to access the 200 asylum seekers that live there. This felt like a significant breakthrough for us, and other organisations have since benefited from this development. We have recently heard that Bristol City Council will be extending our contract and there will be funding to continue this work into 2027.

ChurchWorks (including Families, Wellbeing and Historic England)

ChurchWorks continues to build on its core purposes of highlighting examples of good practices across the church related to its priority issues (Mission Areas) of mental health and wellbeing, vulnerable children and families, and tackling poverty; in order to equip more churches to undertake similar work and work with government to identify ways to work in partnership to address these issues. The change of government in July 2024 required new relationships to be developed with Ministers and civil servants, and some work has evolved in light of shifting government priorities. The Commissioners and core team have built positive relationships with key stakeholders within government and grown the coalition of churches and Christian organisations involved in its work. The Commission continues to meet regularly, and hosted a successful Parliamentary reception in March 2025. It has also launched ground-breaking research on the role of faith in social prescribing and played a vital role in securing funding for a national strategy on this topic, to be led by a specialist member of staff at the National Academy for Social Prescribing. The Commission has also agreed to host a national Summit in February 2026 and planning and fundraising for that has been a key strand of work this year.

5

Programmatic work has continued very successfully. As already mentioned, Wellbeing work has been focused on the research project on social prescribing, delivered in partnership with Theos and with great success. Accelerate Wellbeing (which runs until the end of 2026) has had a successful first year, with a cohort of projects participating in capacity building workshops and the ChurchWorks team undertaking research on each project and identifying next steps and scaling opportunities. The first ChurchWorks Wellbeing Baseline Report was also completed and published in mid-2024, showing that at least 2 million people have been supported positively with their mental health and wellbeing by churches running related projects and initiatives. Historic England commissioned ChurchWorks to undertake a research project on the role of Warm Welcome Spaces located in historic church buildings in supporting the wellbeing of individuals and communities. This year-long project started in January 2025 and has facilitated conversations with denominations, local churches and key partners on maximising the use of church buildings for the common good.

The Families work has focused on building relationships between faith communities and national-level decision makers and delivery leads for Family Hubs. This has led to significant upskilling of both church and local authority stakeholders in how to develop practical partnerships for the delivery of Family Hubs. This included the development of a Community of Practice on faith and Family Hubs, contributions to resourcing documents for Family Hubs and early scoping of resources for wider distribution to churches and Family Hub teams. There was some delay in developing this work further due to uncertainty about the future of the Family Hubs model under the new government, but a decision was made to move forward in creating an online Toolkit collaboratively with partners to equip both churches and Local Authorities to better engage with each other around Family Hubs. The early stages of toolkit development took place before the end of FY 24-25. Our anti-poverty work conducted a piece of research to submit to the government’s Child Poverty Strategy consultation which found that over 17,000 (44% of) UK churches directly tackle child poverty and have helped at least 987,000 children in the last year. We also built a successful partnership with the University of Coventry around a joint bid to research the potential impact of churches in fighting child poverty in the UK, which will be submitted later in 2025.

UK FoRB Forum

Good Faith has hosted the secretariat for the UK FoRB Forum for a number of years, supporting its chair and members to deliver on the Forum’s stated priorities. Recognising the financial and capacity limitations of its original constitution as an ‘unincorporated association’, the decision was taken to transition to an independent charity. The charity, called Freedom of Religion or Belief Free for All (and known as Free for All) has been approved by the Charity Commission and is now up and running with a small board of trustees. There is no longer any formal relationship between Good Faith Foundation and Free for All/UK FoRB Forum.

Warm Welcome Campaign

In 2024-25 Warm Welcome went from strength to strength in delivering the first year of a five year strategy, growing to over 5,300 Warm Welcome Spaces (a 31% increase) who between them welcomed over 2.6 million guests. By the end of the year 68% of the UK population lived within a 30-minute walk of a registered Warm Welcome Space, up from 62% the previous year. 84% of guests said that visiting a Warm Welcome Space had helped them feel a stronger sense of belonging to their local community.

The range of partnerships to resource Spaces continued to grow, with new businesses like OVO, Sky and Arup bringing fresh financial and human resources to support Warm Welcome Spaces across the country. A ‘Champions’ Programme was also piloted, offering more intensive support to a group of 30 Spaces including creating a community of practice for them to share resources and best practice. In January 2025, the first ‘Warm Welcome Week’ took place. It was a huge success in activating Spaces and Partners across the country. Throughout the year media work continued to thrive, with 685 media mentions between October ’24 and March ’25 and a combined 1.4 billion media impressions.

Welcome Hub Scale Up

Funding bids to continue the Welcome Hub network in Gateshead were unsuccessful, so this project concluded in summer 2024 with the work of co-ordinating and supporting welcoming efforts handed over to local organisations and the Council.

Welcome Mayors

The project continued to convene Combined Authorities, Strategic Migration Partnerships, Local Authorities, housing providers and asylum/refugee charities to explore the potential for devolution to improve the asylum accommodation and support systems in the UK. Webinars were held with Kate Wareing from SOHA housing and Lucy Mort from IPPR to share their work and expertise on these topics. We also participated in events at the Labour Party Conference on this issue, as well as hosting a visit to Bristol from senior civil servants in the Home Office. In partnership with NACCOM, a report was produced on the lived experiences of the current asylum system, titled ‘Treat us like humans’. Towards the end of the 2024/25 financial year further funding was secured from the Lloyds Foundation and the Migration Foundation to continue this work, particularly doing a ‘deep dive’ in two areas to explore what a place-based asylum accommodation and support system could look like.

Financial review

For the year ended 31 March 2025 the Foundation received total grant income of £783,532 (2024: £955,230). During the same period, grants totalling £753,370 (2024: £924,320) were awarded, and £9,309 (2024: £13,044) was spent on support costs. This resulted in a net surplus of £21,512 for the year. With retained earnings of £21,399 brought forward from 2023/24, total capital and reserves stood at £42,911.

The Foundation continues to operate with low core costs, commissioning work only after securing grant funding. The reserves policy was reviewed during 2023/24, and Trustees agreed to maintain reserves equivalent to 12 months of core support costs to ensure financial resilience.

As of 31 March 2025, reserves exceeded this target. Following the year end, Trustees agreed to invest part of the surplus to strengthen the Foundation’s organisational capacity. As a result, a part-time Charity Development Lead was appointed in September 2025 to support strategic development, partnershipbuilding, and long-term sustainability.

A review of the Foundation’s broader support model is currently underway, including an assessment of the pro-bono operational support provided by The Good Faith Partnership. This review aims to ensure the Foundation’s structure remains sustainable and aligned with its future ambitions.

Trustees remain confident that the Foundation has sufficient resources to continue operating as a going concern for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

7

Structure, governance and management

The charity is a company limited by a guarantee.

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 A Afolabi Ms J Kabasomi (Appointed 23 June 2023; resigned 14 May 2025) Mr M Dickson Ms M Wyard

The Board is composed 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).

Details of organisational structure

The Good Faith Foundation operates with minimal core costs and a lean organisational model. In September 2025, the Foundation appointed its first part-time member of staff—a Charity Development Lead—to support strategic development and strengthen internal capacity. This appointment marks a significant step in the Foundation’s evolution, reflecting the Trustees’ intention to build greater resilience and long-term strategic capability as the organisation grows. Aside from this role, the Foundation continues to commission individuals or organisations to deliver specific project work once grant funding has been secured. This approach enables the Foundation to remain agile and focused, directing resources where they have the greatest impact.

Operational support has also been provided on a pro-bono basis by The Good Faith Partnership (GFP), including assistance with administration and governance to help ensure compliance with the charity’s governing document and the Charities SORP. This arrangement is regularly reviewed by Trustees to ensure it remains effective, proportionate, and aligned with the Foundation’s mission. A broader review is currently underway to determine the most appropriate and effective support structure to ensure the Foundation is wellpositioned for the next phase of its development.

Trustees' responsibilities statement

The trustees, who are also the directors of Charity For Good Faith Foundation for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees report was approved by the Trustees.

M Dickson Trustee

Date : 16[th] October 2025

9

GOOD FAITH FOUNDATION

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

I report to the Trustees on my examination of the financial statements of Good Faith Foundation (the charity) for the year ended 31 March 2025.

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)

10

GOOD FAITH FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income and
endowments from:		 Unrestricted
funds
£
Restricted
income funds
£
Total Funds
2025
£
Total Funds
2024
£
509
-
509
-
33,937
749,594
783,532
955,230
151
-
151
305
Donations and legacies
2
Charitable activities
3
Investments
4
Total 34,597
749,594
784,192
955,535
13,085
749,594
762,680
937,364
Expenditure on:
Charitable activities
5
Total 13,085
749,594
762,680
937,364
Net
income/(expenditure)
Net movement in
funds		 21,512
-
21,512
18,171
21,512
-
21,512
18,171
21,399
-
21,399
3,228
Reconciliation of
funds:
Total funds brought
forward
Total funds carried
forward
42,911
-
42,911
21,399

11

GOOD FAITH FOUNDATION

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2025

OR THE YEAR ENDED 31 MARCH 2025
Notes Unrestricted
funds
£		 Restricted
income
funds
£		 Total
Funds
2025
£		 Total
Funds
2024
£
Current assets
Debtors
8		 15,150 103,764 118,914 198,555
Cash at bank and in hand
9		 76,054 228,677 304,731 39,789
Total current assets 91,204 332,441 423,645 238,344
Creditors: amounts falling due within one year
10		 48,293 332,441 380,734 216,945
Net current assets/(liabilities) 42,911 - 42,911 21,399
Total net assets or liabilities 42,911 - 42,911 21,399
Funds of the Charity
Unrestricted funds
11		 42,911 42,911 21,399
Restricted income funds
11		 - - - -
Total funds 42,911 - 42,911 21,399

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 16[th] October 2025 and signed on its behalf by:

M Dickson Trustee Date : 16[th] October 2025

12

GOOD FAITH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies

Charity information

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

1.1 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.

1.2 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.

1.3 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.

1.4 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.

1.5 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.

1.6 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.

1.7 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.

1.8 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.

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 Donations and Legacies
Analysis
Unrestricted funds
Total funds 2025
Total funds 2024
£
£
£
Gift Aid
509
509
-
509
509
-
3. Income from Charitable Activities
Analysis
Unrestricted funds
Restricted income
funds
Total funds 2025
Total funds 2024
£
£
£
£
Grants &
donations
33,937
749,594
783,532
788,550
Microgrants
(in)
-
-
-
166,680
33,937
749,594
783,532
955,230
4. Income from Investments
Analysis
Unrestricted funds
Total funds 2025
Total funds 2024
£
£
£
Interest income
151
151
305
151
151
305
5. Expenditure on Charitable Activities
Analysis
Total funds 2025
Total funds 2024
£
£
Grants Awarded
747,607
753,353
Microgrants (out)
(70)
166,800
Other 3rdparty payments
5,833
4,167
Support Costs
9,309
13,044
762,679
937,364
2. Income from Donations and Legacies
Analysis Unrestricted funds Total funds 2025
£ £
Gift Aid 509 509
509 509
3. Income from Charitable Activities
Analysis Unrestricted funds Restricted income
funds		 Total funds 2025
£ £ £
Grants &
donations		 33,937 749,594 783,532
Microgrants
(in)		 - - -
33,937 749,594 783,532
4. Income from Investments
Analysis Unrestricted funds Total funds 2025
£ £
Interest income 151 151
151 151
5. Expenditure on Charitable Activities
Analysis Total funds 2025
£
Grants Awarded 747,607
Microgrants (out) (70)
Other 3rdparty payments 5,833
Support Costs 9,309
762,679

15

Projects

Projects
Bristol
Churches
& City
Bristol
Thriving
Communities
Churchworks
Churchworks
- Families
CW Historic
England
Churchworks
- Wellbeing
UK FoRB
Forum
Warm
Welcome
Welcome
Scale-Up
Welcoming
Mayors
Total
2025
Total
2024
2025
2025
2025
2025
2025
2025
2025
2025
2025
2025
£
£
£
£
£
£
£
£
£
£
£
£
Grants
Awarded		 8,645
46,717
192,493
5,541
9,528
41,218
2,781
413,361
4,071
29,015
753,370
924,320
Share of
support
costs (see
note 5)		 115
-
2,579
75
128
-
-
5,517
55
-
8,469
12,344
Share of
governance
costs (see
note 5)		 11
-
256
7
13
-
-
547
5
-
840
700
8,772
46,717
195,328
5,623
9,669
41,218
2,781
419,425
4,132
29,015
762,680
937,364
Analysis by
fund
Unrestricted
funds		 198
-
3,508
80
141
-
-
9,099
60
-
13,085
679,168
Restricted
funds		 8,574
46,717
191,820
5,543
9,528
41,218
2,781
410,327
4,071
29,015
749,594
258,196
8,772
46,717
195,328
5,623
9,669
41,218
2,781
419,425
4,132
29,015
762,680
937,364
For the
year ended
31 March
2024
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
2024
2024
2024
2024
2024
2024
2024
2024
2024
Grants
Awarded		 £
£
£
£
£
£
£
£
£
£

Share of
support
costs (see
note 5)		 16,631
9,500
109,243
4,500
18,486
10,835
709,971
24,429
20,725
924,320
Share of
governance
costs (see
note 5)		 309
176
2,026
16
-
201
9,161
454
-
12,344
18
10
115
0
-
11
520
26
-
700
16,958
9,686
111,384
4,516
18,486
11,048
719,652
24,908
20,725
937,364
Analysis by
fund
Unrestricted
funds
Restricted
funds		 16,958
9,686
111,213
0
2,484
11,048
502,872
24,908
-
679,168
-
-
172
4,516
16,003
-
216,780
-
20,725
258,196
16,958
9,686
111,384
4,516
18,486
11,048
719,652
24,908
20,725
937,364

16

6. Support Costs

6. Support Costs
Total funds 2025
Total funds 2024
Analysis £
£
AccountancyCosts 7,125
9,966
Bank charges 66
101
Computer Costs -
455
Insurance 1,248
1,018
Office/General Administrative Expenses 210
14
Other Professional Services -
296
Travel and Accommodation 660
1,194
9,309
13,044
Analysis Analysis Total funds 2025
Total funds 2024
£
£
7,125
9,966
66
101
-
455
1,248
1,018
210
14
-
296
660
1,194
9,309
13,044
AccountancyCosts
Bank charges
Computer Costs
Insurance
Office/General Administrative Expenses
Other Professional Services
Travel and Accommodation
Support
costs
Governance
costs
2025
Support
costs
Governance
costs
2024
£
£
£
£
£
£
Bank charges 66
-
66
101
-
101
Insurance 1,248
-
1,248
1,018
-
1,018
Other professional services 0
-
0
296
-
296
Accountancy fees 6,285
-
6,285
9,266
-
9,266
Office/General Administrative
Expenses		 870
-
870
1663
-
1,663
Independent examination fees -
840
840
-
700
700
8,469
840
9,309
12,344
700
13,044
Analysed between
Charitable activities 8,469
840
9,309
12,344
700
13,044

7. Details of certain Items of Expenditure

This year
Last year
£
£
Independent examiner’s fees
840
700

17

8. Debtors: Amounts falling due within one year Total funds 2024
£
5,264
183,691
9,600
198,555
Total funds 2024
£
39,789
39,789
Total funds 2024
£
24,052
3,336
189,437
120
216,945
Total funds 2025
£
Accrued Income -
Prepayments 103,764
Debtors 15,150
118,914
9. Cash at bank and in hand
Total funds 2025
£
CafCash Account 304,731
304,731
10. Creditors: Amounts falling due within one year
Total funds 2025
£
Creditors 44,249
Accruals 2,424
Deferred Income 332,441
GFP Intercompany 1,620
380,734

18

11. Charity funds

Details of material funds held and movements during the reporting period

Movement in funds
Movement in funds
Incoming
resources
Resources
expended
Balance
as at 1
April
2024
Incoming
resources
Resources
expended
Balance
as at 31
March
2025
£
£
£
£
£
£
Bristol Churches & City -
-
-
8,574
(8,574)
-
Bristol Thriving Communities -
-
-
46,717
(46,717)
-
Bristol Hotel Welcome Hub -
-
-
-
-
-
Churchworks 172
(172)
-
191,820
(191,820)
-
Churchworks - Families -
-
-
5,543
(5,543)
-
CW Historic England -
-
-
9,528
(9,528)
-
Churchworks - Incognito Funds 4,516
(4,516)
-
-
-
-
Churchworks - Wellbeing 16,003
(16,003)
-
41,218
(41,218)
-
UK FoRB Forum -
-
-
2,781
(2,781)
-
Warm Welcome 216,780
(216,780)
-
410,327
(410,327)
-
Welcome Scale-Up -
-
-
4,071
(4,071)
-
Welcoming Mayors 20,725
(20,725)
-
29,015
(29,015)
-
258,196
(258,196)
-
749,594
(749,594)
-

12. Transactions with trustees and related parties

12.1 Trustee remuneration and benefits

No Trustees received renumeration or benefits from the charity.

12.2 Trustees' expenses

Trustees incurred expenses personally and had these expenses met by the charity in the amounts of £660 (2024: £689).

19

12.3 Transaction(s) with related parties

Mr D T Barclay, who 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 £654,245 (2024: £776,610) to deliver all of its charitable activities during the period. As at the 31 March 2025, the organisation owed the LLP £44,249 (2024: £23,892) within Trade Creditors as well as £1,620 (2024: £285) within Other Creditors.

13. Average Number of Employees

2025 2024

The average monthly number of employees during the year was:

20

REF. NUMBER
89KBV-WDWGI-FPFBW-P5VAY
DOCUMENT COMPLETED BY ALL PARTIES ON
27 OCT 2025 13:43:52
UTC
SIGNER
TIMESTAMP
SIGNATURE
MARTIN DICKSON
EMAIL
MARTIN.DICKSON@GOODFAITH.ORG.UK
SENT
23 OCT 2025 15:25:54
VIEWED
27 OCT 2025 13:43:27
SIGNED
27 OCT 2025 13:43:52
IP ADDRESS
86.3.149.60
LOCATION
WALLASEY, UNITED KINGDOM
RECIPIENT VERIFICATION
EMAIL VERIFIED
27 OCT 2025 13:43:27

Signed with PandaDoc PAGE 1 OF 1