FAVERSHAM COMMUNITYCHURCH FAVERSHAM CHRISTIAN FELLOWSHIP TRUST Financial Statements 2024/25 FAVERSHAM CHRISTIAN FELLOWSHIP TRUST REPORT AND FINANCIAL STATEMENTS For year ending 31 st March 2025 CONTENTS Trustees Report Independent Examiners report Statement of Financial Activities Balance Sheet Notes to the Financial Statements FAVERSHAM CHRISTIAN FELLOWSHIP TRUST REPORT OF THE TRUSTEES Year ending 31 March 2025 The Charity and its objectives.. The charity was sel up and is governed by a Declaration ofTrust made on 13 May 1985 for the purpose of an independenl evangelical church. The objectives of the Charity are the worship of God, the instruction and edification of Chriskn'ans, the care and Christian instruction of young people and children and the evangelisalion of non-chrislians, the relief of sickness and poverty and the advancement of the Christian faith generally. The principal address of the Charity is The Alexander Centre, 15-17 Preslon Street, Faversham. Kent ME13 8NZ, and the Charity is registered with th8 Charities Commission under number 292398 The Trust also goes by the name of Faversham Community Church. The Trustees.. The Board of Trust88s was made up of the following Trustees for this year.. Mike Taylor- Chair Barry Jenner Alex Mcvey Phil Stiles Sue Suthedand (from July 241 lan Rule (from September 25) Sue Sutherfand was appointed by the other trustees on 16 July 2024. lan Rule was appointed by the other trustees on 2 September 2025. When considering new Trustees, the existing board has invited committed church members, who are well known to us and hav8 the experience and skills n8eded and the lime lo give lo this role, with the exisling board all having to agree on the appointment. All currenl Trustees have been DBS checked. Al new trustees sign a Trustee Eligibility Declaration. Staff: At the start of the year the Church continued to be18d by three elders. Of these P8t8 McV8y was employed part lime by the Trust. A part lime Communications and Office Administrator is also employed. Supporting and serving alongside the eldership team are a team of deacons who oversee various areas of church life and activily. There are six deacons who have responsibility for the following.. Pastor81 care, Growth Groups. Welcome and Integration, Sunday meetings, Worship team. The work and activity of the church is undertaken by many volunteers amongst the church members serving across a number ofteams. It is these individuals who serve in our meetings and in the work we do Impacting our communities. Premises". The Church carries Out most of its regular meetings at The Alexander Centre, a large. popular venue, located in Faversham's town centre. This is a venue that is very much al the heart of the community which has a large hall and other rooms that are hired for a wide variety of events, as well as offering office space. The hall is used for Sunday services, Little Angels & MakeLunch. The midweek prayer meeting IS Usually held in the Mayor's Partour and the church has a serviGed office on the first floor. A 3 yéar lease on the office was taken out in August 2022. The church also hires a storage unit locally in which lo keep things that are used less frequently in the day to day running ol the GhurGh. ChLJrch Matters.. Throughout the year, any issues that arose relating lo health and safety were brought to the Trustees attention for discussion and action. Eleven DBS checks were carried out this year, there was one was for a new volunteer. DBS hecks are carried out for all trustees. Aso for workers and volunteers who meet the criteria for working with children. The Iruslees continued to consider safeguarding at all meetings and reviewed and ag￿ed the trust's safeguarding policy at the July meeting. GDPR 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 complies with GDPR. The Privacy Policy agreed by the Trustees is readily available through Church Suile and the Church website. Churc,h ActivitÈe% ai)d Impact.. When planning our activities for the year, as wilh previous years, the Elders and Trustees continue to consider Ihe Commission's guidan￿ on public benefit, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their failh as part of our local community through.. Worship, prayer, learning about the Gospel and developing their faith and trust in Jesus; provision of pastoral care. relief of poverty, missionary and outreach work. .stepkiri Jr Stone5 This refers to our work with childTen, on Sundays. On altemate weeks they have had separale activities and on the other weeks there has been an all age servi￿. Life groups and Prayer Meetings Small groups of church members mel weekly to worship and sludy the Bible. We consider this to be a very important part of church life. providing an opportunity forworship, teaching and friendship. Weekly and monthly prayer meetings were also held. Love Faversham Fund This has continued to be used to thank people who have served the local community during lockdown and to bless those in financial need as a result of lockdown. It is anticipaled that there will be a long tem effects and the fund will be used as opportunities arise. The fund currently stands at£1,184. Gifl Days Gift days were held during the year in response to specific events and to support aspects of the Relational Mission family of churches. A total of £16,704 was given across a number of organisations and appeals which this year mainly comprise Relational Mission initiatives in Bolivia, Sheppey and the UK generally. Ca!)Ip,rbury Chr.,." The church continues to support the Ccs￿. We make a monthly financial contribution to support the work of the Trust. Foodbank We continue to support Faversham Foodbank, which was founded by local churches under the umbrella of Churches Together in Faversham. ChL*rch members make regular donations of food lo the project. The Faversham Foodbank is providing a very valuable service to the town and we receive regular updates on how many people have been served through this initiative and the quantities of food Ihat have been distributed. More information on the Foodbank can be found al www.faversham.foodbank.org.uk M8kel.iinc.h The heart of the MakeLunch Project is lo provide hot, nutritious meals during school holidays for children who would normally receive free school meals. In addition to food, MakeLunch Faversham offers the children enrichment through craft activities and games. We run our MakeLunch kitchen in the Galefield Hall at the Alexander Centre. During the year, the Church hosted a quiz night with proceeds going lo support the work of our MakeLunch kitchen. The Faversham MakeLunch kitchen was open for a total of 10 sessions, across school holidays this year from April to August 2024. Hot meals were served to famili8s as well as providing opportunities for craft work and games. The MakeLunch Faversham kitchen is accredited by TLG MakeLunch, parl of the charity Transforming Lives for Good. Through them we are grateful that we receive sponsorship from the food industry charity 'Meals & More.. Little Angd8 Our meeting for parents and carers with their babies and toddlers continued al the Gatefield Hall in the Alexander Centre. This is held in high regard by the Faversham community and hosted 30 to 45 families each week. Financi81 Review.. Due lo the substantial reserves built up during the Covid-19 era the truslees decided to forgo one of the two planned gift days for church funds. In addition there was a Gift Aid claim this year for 2022-4 which contributed over £23,000. As there was a healthy reserve at the end of the last financial yèar il was possible to set a budget with a small defi¢il. Overall expendilure was below income this year, although the majority of this was due lo the backdated Gift Aid claim. The trusl's finances remain in a healthy position and are able to support potential deficits in future years. There are four trustees who are Signatories on the bank accounts. Re%prrfes Policy The Trustees maintained the agreed Reserves Policy i.e. that Reserves should be maintained sufficient to cover- Al Day to day cash flow B) Financial liabilities in the event of sudden and unexpected drop in income or Glosure of the charity Finan•i81 liabililip.8'. Liabilities in relation to employees and to premises rental in the case of a sudden closure of the charity would be £5000. However, in Ihe case of dosure, some income can be realised from the sale of assets and from claiming outstanding Gift Aid money due. These income amounts are less easy lo estimate bul il is anticipated that Ihey will be sufficient to cover any additional liabilities. It was agreed Iherefore. that a Reserve of £5000 should be maintained as this would also cover day to day cashflow. At the year end the Trust had a reserve of £39,562 which covered the financial commitments described above. M Taylor {Chair of Trusle8sl= Independent examiner's report to the trustees of Faversham Christian Fellowship Trust I reFOit on ihe account& ot. thL Trust ti)r the year ended 31. NlJrLh 2025. whiih are *t out Ltk the att￿ched Respective respoJ)sibiiities of tTUStees alld ex#miner The chiriry % Iru%iLLi afL fL.%pnn¥ihlL tor rhL pfLpar'iiion nf IhL accouni.s. Thc Lharity'% tru%ieL% Lnn.£ider thai an audit Is 1101 i'cquircd lor ihis ycar undcr scciioii 144191 ol. Ihc Charitics Act ?01 I Ithc ?01 l Acl) and thai an inder￿lIdent eKattunation iq needed. It is m> rLSI)on%ihiliiy lo.. Lxamine Ilie accounts under seciion 145 01. the ?01 I ALI: lu fiilluw the i)rDcediJre% Iciiil (lown in ilie Oenerdl Directions given by ihe Charity Cninmi%%inn Iiiider seLtiun 1451.fjbi uf tlie 2011 ALI: iiicd to th04e mJii¢rs %ei i)ul in Ih¢.4tiiieIiieTlt belom.. Indepeiident examiner's st#tL'mL'nt ID Cl)nneLii(In wilh niv exdftiinaiinn. no n)OVIMENTS 73,829A8 893.39 77SDD 0.00 71487.87 73.5451t RESOURCES EXPENDED 16.703.75 16.7QJ.75 17.2ts1.89 IB 74J.Q8 ￿.7[￿.￿j 13.442.93 12.2*.Io 15.870.es 15.6eQ.02 e.$59.34 10,027.4S 3.719.49 2.412 to4￿.45 3.013.50 112.P 737.59 Oflftt cosls ChJ¢th ar￿ ¥fi*fuslrdi* TOTAL RESOURCES EXPENDED 71,235.58 3,126.38 737.50 0.00 7SO99.46 80,TM56 NET INCOMEIIEXPENDITUREI 2,593.90 -2,232.95 $7.50 398.41 -72M45 Trgnptsra 631. o.oo NÉT MOVEMEI•TIN FtIF4DS 1,962.27 .1.e01.38 37.50 398A1 -7239.45 RECONCIUAMON OF FUNDS.. TOTAL FUNDS 8ROUGHTFORWARD Af l *PFdL 27,5￿É5 1.6D1.28 1.146.38 848 S27A8 4D.blJ 53 46,122.Sè TOTAL FUNDSC•JiRIED FORWARO AT 31 WIICH 39,S62.12 &4B S27.48 41.281.94 40.88153 FAVERSHAM CHRISTIAN FELLOYISHIP TRUST 8ALAN¢E SHEET AS AT 31 MARCH Unr4str1ct•d TOTAL PUNOS 2fj25 2024 LItU0Ane￿5 Outrmch Parnnlln4 CURRENT ASSETS PT*paymrnts O.OD 1.9SS.16 I2.459.￿ 24221.46 29.812AI 15056 FQ 41 281.94 41.655. 12,469 $0 27.tsts2.e2 39562.12 ayh ￿t￿￿kand ￿ h TOTAL CURRENT ASSETS 4B .1138fj LESS CURRENT LiABILrrES oo .782.39 TOTAL NeTfv3seTS 31,562.12 $27A8 41.281.94 40,863.53 FUNDS OF ThE CHMMIY 37,59>.85 1.601. -1.601.26 i.t46.36 37. &4e $274È 40.883 53 48.1*.98 3$0.41 -7,239.45 ￿ar ba trt￿d 39,502.12 1.103.86 527.48 41,261.94 40,B8153 Signed on bohallofth• TvuDt• natur Print royal 11 G TA YLOL zqlilwL FAVERSHAM CHRISTIAN FELLOWSHIP TRUST MOTES TO THE FINANCi4L STATENENTS Foy the year entled 31 Mar¢b 2025 I ACCOUNMNG POLICIES Thu navg kYgP8red In tho Stslqmontof A(Covn￿ry￿￿d￿If￿tIW ￿É￿￿n9 IhÈli3È￿NIs￿ atCrAaanCé￿h Ihe FIn￿E1* RO￿ S￿￿ard4￿￿bl￿I￿tre UK tsf1¢tsr￿iFft$ 102 T1￿ ￿rIt¥ ￿117 Ilig #LI 2011. 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Funtss Nel¥edthwh BrB 3EIDunièd Ih4yaferoc4y¥qd Twt r•c4*11$ prrtswesndthea￿￿l b•mea￿r￿d r￿￿lly. 2 ￿FfS 2Q25 2024 PUB51on BLkn.I M Swliia IRkl Shep 3.1ti8.75 5.è8DOO 4.OM.OD 1.350QO 1.350. 1.IW.L¥I 1,625.00 I,fknJ.00 11153Kn (SlefLbloDI RKI Tr￿ Cal Day 2,365.QO ColBIONqlthlE8thEu¥k• R*FF¥r￿> 1.843 75 720 1 430.$4 72QOO Lowfj F3¥P￿h￿￿{fjI￿5 ¢tsThnurtiLy Ffi¥e15hFm FoKd*rt 1WOD 16.7Q3.75 17.261.89 3 STAFF COSTS 2429 5da 5eciirtycosts ICunvdtyv*£4UODthrtsW 16.482 08 21,203.46 2,251. 16,743.QB a.7￿4¢ Avulge nuMberof￿ffiVe eqt4v*il ¢rnF rrfnOUyg•b￿•lrt5 ol i60 ￿ In ITh0￿ar. mrdoy48sarofnroknin ￿NEST￿e￿￿o￿￿IWILIj1vn ITMsItont*￿￿ 1Worlsaary. ETr￿yEe 5* 4 INDEPENDENT EXAIAItIAllON ￿P￿￿t mad• Inth?IndWdenl s urtLEAMGEL8 FUND COIAPARAIWES 2Q25 INCOIING RE50URCE8 nsandGfft 893.39 9¢.7è RÉSIXIRCES EXPENDEO actwil v￿u8 H Il•llncompllExwndllwel 4.2J2.B9 2.78 6 OUTREACH FUND COMPARAllVES 2W25 2Q24 INCOWNG RESOURCES Glll 40.00 00 670.LN) 24Tr.QD D.33 GftA OD 46￿00 zwoo Otherlncuny 77S 95S33 RESOURCÈS EXPENOED Clmrac1.￿II rJF.S) 73F.SJ 454.D J7.50 491.24 7 CURREpifASSETS Ipre￿iS￿¥nJ8 Wre4TdCi￿ Th& t46a* 2020. ACCAUED INCOWE IGFf MD) 2025 2024 1246¥5 oo 24.151.45 7￿00 Tot41 CAS¥ATBANK *trID IN HAND 2024 2F,0ty162 (k LhUeAngd$- Re51ncted Ireprh- Rs8true 1 601.31 1.076.3S &48 52T4t Bulth9. 527.48 Ttst 28.812.44 CURFEENT L￿sILmE3 AccRI￿D EXPENDifuR 2025 Z024 Fund u￿￿tT￿led FuThb 7è2.39 782.tr) 9 MOVEMENTIN FUNOS CURREKtYEAR 3t*i klarth2015 73,82Q.48 171 Z&S SB .39 P.12Q 39 Tl5. 1737.X 1&31 f￿> 35.56112 L1Wèkn￿S- Rèstr. Ov1re￿￿-RwtrLt￿j 1.18>4S 7.48 >7.48 PREWOUSYEAR 1sIW12Tr23 rr4nsf•rn 31gl klarch 2024 Ful￿$ 71.647.th) IW320 47 37,5*.85 1.601. 1.14&36 0v1re￿-Re5tr[Ltt 14fAWI ng-kntrrlots 7.48 527.48