FAVERSHAM COMMUNITYCHURCH FAVERSHAM CHRISTIAN FELLOWSHIP TRUST Financial Statements 2023/24
FAVERSHAM CHRISTIAN FELLOWSHIP TRUST REPORT AND FINANCIAL STATEMENTS For year ending 31st March 2024 CONTENTS Page Trustees Report 115 Independent Examiners report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8110
FAVERSHAM CHRISTIAN FELLOWSHIP TRUST REPORT OF THE TRUSTEES YeaT ending 31° March 2024 The Chlty and ivs objertives: The charity was set up and is governed by a Dedaration of Trust made on 13 May 1985 for the PUTpose of an independent evangelical diurth. The objectives of the Cjwity are the worship of God, the instruetion and edification of (]Iristians, the caTe and Christian instruction of youn8 Fople and thildren and the evangelisation of non-ChTi5tians the relief of SIde$S and poverty and the advanment of the Christian faith generally. The principal address of the Charity is The Alexander Centre, 15-17 Preston Street, Faversham, Kent ME13 8NL and the Charity is registered with the Chille5 Conimission under number 292398 The Trust also goes by the name of FaYehaM Community Church. The TTU8tees: The Board OE Trustees was nwde up of the following Trustees for this year. Mike Taylor- Chair Barry JeDner Alex Nlcvey Pauline Mcvey (until Febnwy 2024) Phil Stiles Enuna Wallace (until January 2ff24) Pauline Mcveyi who has served the trust faithfully for oveT 20 years, died An February 2024. The trustees attended her funeral to give thanks to God for her service. Phil Stiles stepped down a5 Chair of Trustees inApril 2023 and Mike Taylor wa5 unaminously elected as chair. walla rest8ned as a trustee in January 2024. When considering new htee5. the existin8 board has Énvited committed thurth members, who aTe well known to us and have the exrienCe and skills needed and the tin to give to this role, with the existing board all having to agree on the appointment. All current Trustee5 have been DBS thecked. All new trustees SI a Trustee Ell'bIlIty Dedaration. 1 IPage
Staff: At the start of the year the churth continued to be led by three elders. Of these, Sam Morris was employed part time until he resi8ned his paid position in July while Pete Mcvey was employed part time by the Tntst from June. A parl lime Communieations and offi Administrator is also employed. Supporting and servins alongside the eldership team are a team of deacons who oversee various areas of church life and aclivity. There are six deacons who have responsibility for the following.. Pastoral care. Growth Groups, Welcome and Integratio Sunday meetings. Worship teaTn. The work and activity of the church is undertaken by many volunteeTr amongst the thurch members serving across a number of tean. It is these individuals who serve in our meetin8s and itL the work we do impacting our comrnunities. The Churdi carries out all of its regulaT meetings at The Alexander Centre, a large, central venue, located in Faversharn's Fllgh street. Thi5 is a venue that is very muth at the heart of the community which has a large hall and other Toon that are hired by the local conununity for a wide YIety of events, as well as offerins office spa. The hall is used for Sunday serviees, Little Ange15 & MakeLunch. The rnidweek prayer meeting is usually held in the Mayor's Parlow and the thurch has a serVia Offi on the first floor. A new 3 year lease on the office was taken out from August 2(Y22. The church also hires a stornse unit locally in whith to keep things thal are used less frequently in the day to day runnin8 of the church. Church Matte. Health & Stzfrty Throughout the year, any issues that arose relating to health aT safety were brought to the TTUStees attention for discussion and action. Sufeguording No DBS check were required this year. The trustees continued to consider safeguarding at all meetings and Teviewed and agreed the trust's safeguarding policy at the July meeting. CDPR The church subscribes to a church management system called Church Suite. This secure management System is to be used for storing member's personal data and allowing the church to carry out management and administration in a way that complie5 With GDPR. 2 1 Pa8e2
The Privacy Policy agreed by the Trustees is readily available throu8h Churth Suite and the Church website. Church Adlvities and Impact When planning our activities for the yeari as with previous years, the Elders and Trustees continue to consider the Commission's guidan on public benefit, in particular, the specific guidance on thaTities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our local community throush.. Worship, prayer, leaming about the Go5] and developing their faith and trust in Jesu Provision of pastoral care and relief of povety. Missionary and outreath work Stepping Stones This refers to our work with Childre on Sundays. On alternate weeks they have had separate activities and on the other weeks there has been an all age 5eTViCe. Cunterbury Chn8tiun sch[$ Work Tn¢st The church continue5 to support Ihe Ccs. We make a monthly finanoal contribution to support the work of the Trust. Growth groups aKd Proyer Meetings Small groups of church Lnernbers met weekly to worship and study the Bible. We consider this to be a very important part of thurch life, Providin8 an opportunity for worshipi teaching and friendship. Weekjy and monthly prayer mting5 weLE also held. Love F¢ershaM Fund This has continued to be used to thak people who have served the local community durins lockdown and to ble those in fmancial need as a result of lockdown. It is anticipated that there will be a long tenn effects and the fund will be used as opportunitie5 arise. The fLa currently stands at Q237 Gift D¢ Gift days were held during the year in response to specific events and to support aspects of the Relational Mi95ion family of churches. A total of £IO,lknl wa5 giv across a nn)er of orsaLiisations and appeals which include a relief fund for those impacted by the Turkey ar Syria earthquakes, 14Mission Bo]ivia, Faversham FoodbanL and Churches supporting Christians in Armenia. Foodbonk We continue to support Faversharn Foodbank, which was founded by local thurthes under the umbrella of Churche5 Together in Faver5ham. Church memEeTS make regLdar d(mations OE food to the project. In addition during Augus¢ a day was held for the Foodbank whidi raised £394 along with a collection of food donations. The Faversham Foodbank is providing a very valuable service to the town and we receive resular updates on how many people have been served through this initiative and the quantities 31 Page
of food that have been distributed. More inforntstion on the Foodbank can be found at www.faversham.foodbank.or8.uk mLUnCh The heart of the MakeLunch project is to provide hot, nutritious meals durin8 sth001 holiday5 for children who woutd nomially re1ve free sth(M)I meals. tn addition to fo1. NlJkeLunch Fayersham olfers the children enrichment through eraft activities and games. We run our MakeLunth kitchen in the Gatefield Hall at the Alexander Centre. During Ihe year, the Church hosted a quii night with PrOd$ going to support the Work of our Makel,unch kitchen. The Faversham MakeLunch kitthen was open for a total of 14 sessions, across school holidays this year. A lotal of 374 meals were served to 82 different children as well as providing opportunities for craft work and games. In addition, 184 meals were served to parents and caTeTS. 19 different volunteers WOTked for a total of 151 sessions. tn October we ran an interactive science session in partnership with the Canterbury branch of the Royal Society of Chemistry. The MakeLunch Faversham kitthen is acerediied by TLG MakeLunth part of the charity Transforming Lives foT Good. Through them we are grateful that we receive sponsorship from the food industry charity 'Meals & More,. LittleAnge15 r meeting for parents and carers with their babie.s and toddlers continued at the Galefield Hall in the Alexander Centre. This is held in high regard by the Faversham community and hosted 30 to 45 families each week. Financial Review. During this year a thorough review was carried out of the insurance needs of the tnt. A5 a result the two previous policies were combined into one and moved to a different company leading to a reasonable saving and sater ease rf a daim needs to be made. tn this prOsS the trustee5 only considered insurance eompanies with extensive experience in the tharity sector. Due to the substantial reserves built up during the Covid-19 eTa the tTUStees deaded to foTSO one of the two planned gft days for church funds. In addition there was a Gift Aid claim this year for 202(P2 which Lx)ntiibuted over Q 9,(K)O. As the was a healthy reserve at the end of the last financial year it was possible to sel budget with a small defiot. Overall expenditure was below income this year, although the majority of this was due to the backdated Gift Aid daim. The trust's finances rernain in a healthy position and are able to support future budgets whith have a SU11 deficit. The trust has an a55est of about £240(K) in unclaimed Cift Aid for the year5 2022-4. 4 1 Page4
A special meeting of the trustees was held on 31° July 2023 to pass a resolution in the forni required by Natweast Bank to chase the signatories on the trust bank accounts. The bank finally completed the PrO$S towards the e[ of the year. There are now four trustee5 who are signatories. Reserves Policy The Reserves policy for 2022- 2tr23 The Trustees maintained the agreed a Rewves Policy i.e. that Reserves should be maintained sufficient to cover- A) Day to day cash flow B) FinanLial liabilities in the event of sudden and unexpected drop in income or d05ure of the d)arity Financial liabilities: Liabilities in relation to employees and to premises rental in the trd5e of a sudden closure of the eharity would be £50(K). However, in the case of dosuTe, some incorne can be realised from the sale of asseL8 and from claiming outstanding Gift Aid Money due. These income amounts are less easy to estimatebut it is anticipated that tw will be sufficient to cover any additional liabilities. It was agreed therefore, that a Reserve of £S(M)O should be maintained as this would also cover day to day cashAow. At the year end the Trust had a reserve ol a3,548.39 which covered the finamaal commitments described above. M Taylor ITru8tee): _- Date. 5 |Page
Independent examiner's report to the trustees of Faversham Christian Fellowship Trust I r¢pon on the acL'ounls of the Trnst for thc year ended 31° March 2024, which are sel out in th¢ attachiyj Re8pe¢lfve Tesponslbllltles of tnteeS and exami The charity's tntstees arr respo]]sible for the preparation of the accounL8. The chily'S truste&s consider that an audit i& not r¢quired for this yGqr under seciÈo]] 14412) of the Charities Aci 2011 (the 2011 Acil and that an indekxndent examination is needed. It is my r¢sponsibility to.. ¢xamine the accounts under stttion 145 of the 2011 Act. to follow th¢ procedures laid down in the G¢nerdl ThTection8 given by the Chwyty Commissio under 5eciion 145(5b) of th¢ 2011 Acl; and to 5t4le whether particular matters hav¢ come to my attention. Ba51s otfindepettdertt examhwr's report My examinatiim was carried out in accordan¢¢ with the G¢nerJl Directions given by the C.h8rity Commission. An examinalion includes a ffvi¢w of the accounting rccords kept by thc charity and a ¢omparisoD of th¢ accounts pSend wilh those r¢cords. It also includes consideration of any unusual itcms or disclosures in the aecounts. and seeking explanattons fmm you as tn]ste¢s concerning any such matt¢r5.'lThe prrKedur¢s undertaken do not provide all the evidcnce that would required in an audit and consequendy no opinion 15 ¥iven as lo whether the ac¢ounts present a true and fair view and the report is limited ro thob'tt matters set out in the statement below. IDdependen¢ examiner's statement In ¢onneciion with my cxamination. no malter has corne my ntion: which givv5 rne ieasonable cause tv b¢lieve thai in any rnatcrial respect th¢ requircments.. (o ke¢p accounting records in accordance with scction 110 of the 2011 ALL and to prepare accounts which aecord with the accounting records and eumply with the accollnting requirements of the 2011 Acl have not been mct, or io which, in my opinion. attention should be drawn in order to enable a proper understanding of th¢ accounts io be Twhed Luke Scarfe (Church Treasurer, Faversham Baptist Church) 7 Glazing House Drive FaVersha. Kenl, MB13 7XD 6th Fcbnw 2025
FAVERSHAM CHRISTIAN FELLOVISHIP TRLL8T STATEMENT OF FINANCIALACmVITIE$ Forthpye•reThled 31 M•rth 2024 TOTILPIJIC41 IFKQMj RESCiIR¢E8 Incom¥ ¥wvknmwrt¥from: DonAlon8 l¥t Ghis 64347 12.8tsl 4D.C41 12.e.f 11,6T1.81 S70 S500 72 .43 321.02 07D 715.oj 71XeAS InveitrM•nty 25149 251.02 Ino¢Nm• 188 420. IOTALJNCOMEATrXEIIPtrlnAENT8 71,147x0 •42.78 73WO.11 70hOT.73 Exp1jr•OTh.. h•rfl•bh4c¥l 171. 23.1.4) 122S&40 1521503 10W7AS 2412.40 17101. 14.Je082 2J.111.40 20,1ae.24 122.4U 12,011.70 15.WKQ 10.fQ7 0,12488 TOTjLRÉXE¥ EXpEND Qxp) 8I7•4J6 WI0.31 NETINCOWEXPENfiTUREI 417JA7 942.78 4•124 00 .7J3B40 3,991.42 o. 0.0) NÉTIMOVEINT IN .BM73A7 •42.n 0.00 .7239AF J.1•1.42 RECOKILWTKY4 OFFuN.. TOTAL FLPNDS BROUGHT FDRwfvDAT I PRIL 40,2n52 .12 627.48 45,121.98 44.131.fo TOTAL F105 CARRIED FQRWARDAT 1.146 40J8)AJ 48,122. FAVERSHIAI CHRISTIAN FELLOWSHIP TRUST &4LANCE SET A8AT 31 Pi4ACH 2023 TOTALFUWS FurAkn LlthJylts 1,W.7 24.1514 12.(Q 1,9e&70 24,221.40 X.913 1$4W70 15 8%61 p¢¢ 7•. 8A S2T48 $27.48 TOTCuRRENT A8SETS 1.Wl.30 1,14&2& LES$CgJRREiif LL4BILmE8 1 -7L39 1.91 To7 NEfA8SEf8 a7,.85 1,101.51 0.40 627A 48,122.¥ FUNDSOFTME CHARITY 273.32 073 12 4a1229e 44.131.&1 .723946 1.42 W278 IB3.M 40,1219& on bph•KcrftheTntst• printNm? M.& TAYLVP £lilz- Prfe F.
FAVERSHAM CHRISTIAN FELLOWSHIP TRUST )TES TO TFE FIllAL 8TATEIENTS Forth• 31 March 2024 1 ACCCiINnllG POLICIES 1021. Pwn Tlu b. R•1¢• • l¥bIlY IncemÈ Furth rs¢*dtytth. 2GIFT¥ 1W&75 2.rxo 57 7>Yth) 720CQ 21075 3tr&75 OD) 1.W.fjD 8D45T 1.B 1,550QQ 1.3Y).CO 1,2W.00 1.1(DCO 1,2W.00 1,3M.(¢ 1,2W.OD I,1.[ 1,2DD.OD FaWLWth IGlnSTOrIolLLllfftW 1W64 PIL•rmOn 17.201M 14,XOB2 3STAFFCOST$ 21.WJ.4B 1I647Q4 23.1ty4) 20.15824
4 INDEPEIQENf EXMIINATION 5LITfLEjIfjFUNOcC1P¥E8 lICOPII R&LII¢E8 ToWII¢¢L 912.rn e0i2S rRro N•tlrKow4Exp•Mhw•l 6 OUTRWH FUhTI COAIPARATIVEg 40J>) 40 Aio 0.12 ¢QO.12 PESQURCES EXPEKJED () M•tlnGcrf•l&¥p•rAIM¥•I flX12 7 CURRENT ASs TftswagQOpweln2020 RUED IN10rDl ?4.151.4 30,64& TOknI 24 Yil.4 12,24& I,e01 3 1,07B3J a48 1&6Z3 1.287.SJ T]tsl 1$4S&70 1gB1703 A¢CRUEDEyTruRE Fur 792.>? 87791
• A11E11T1N HIND9 CURREKfYEhR 2TS 71.647.OD IMY20.4n 37.1 tr•ath. Ro•tr¢ttd 615.12 8A8 $27.48 1484.( 1.135 ts) $27.40 VVJS YEAR r• )1•¢M41¢h IOIJ 4*481.27 49.33 (¢S,410.311 40.27332 LthhAnsW6. Rè#r. 7.12 655.12 a4B 52T.48 627.48 D. P4e 10.