REGISTERED COMPANY NUMBER: 12160439 (England and Wales)

REGISTERED CHARITY NUMBER: 1186661

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FAITH IN LATER LIFE LTD

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects and aims of the charity are:

to advance the Christian faith by inspiring and equipping Christians and churches to serve and equip older people in their Christian service, and

to engage effectively with older people in communities everywhere, and to bring older people into Christian faith and community, for the public benefit.

Significant activities

During the year to 31 March 2025 the following were our significant activities -

We supported over one thousand 'Church Champions' (seniors workers) who are regularly engaging with around 50,000 older people. Some are seeing older people come to faith, whilst almost all are encouraged by decreased loneliness, strengthening faith and increased church engagement, as a result of their work.

Resources were provided through our website and 29,000 people accessed information to support them in their ministries among older people.

Our social media reach, carrying messages of encouragement, information and hope, was 15,000 people, and the newsletter reached 2000 people per month.

We championed the cause of older people and inspired and equipped Christians by reaching many people (sometimes millions) across Christian radio and TV, BBC local and national radio, BBC 1's Songs of Praise, as well as significant Christian online and printed publications.

We produced resources and delivered our Love My Neighbour winter loneliness campaign to raise awareness about the devastating effect of winter loneliness on older people, and to help Christians reach out to lonely and isolated older people in their neighbourhoods

In 2025 callers to the DailyHOPE phone line were supported with over half a million call minutes through almost 80,000 calls bringing hope and comfort with hymns, reflections and prayers to older individuals at home, and to people of all ages through the in-cell phone prison service.

We inspired and equipped Church Champions through 6 online Church Champion Training sessions from experts in the field, and we continued to make this training available on YouTube after each event. As a result of Church Champion research, we continued to focus on key issues that concern those ministering among older people in their local communities including rural ministry, retirement, dementia, sharing the gospel with older people, discipleship, and bereavement.

We have provided online networking opportunities for our Church Champions through five zoom events and a thriving WhatsApp group, providing prayer, encouragement and guidance to those serving older people in their communities.

We have developed partnerships with and delivered training, talks, interviews, and podcasts for denominations, para church organisations, and churches, to encourage and equip them to practically value older people and help them to have faith in later life.

Public benefit

The charity meet the requirement for public benefit by -

- providing resources and information regarding different aspects of older age to equip Christians and churches to better serve older people; via the website and in the media.

- supporting a network of Christians involved with older people in the church/community. This support is via shared resources and online training events.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Celebrating Outcomes

Our 2024 autumn survey revealed that Faith in Later Life is really valued for providing ideas, inspiration, training and encouragement - particularly through newsletters and online sessions.

89% of Church Champions surveyed said the impact of their ministry included either older people bringing their friends, sharing their faith, praying, becoming Christians, getting baptised or people living with dementia being supported to have faith in later life.

Partnerships

We are privileged to be affiliated with Christian projects such as Empowering Communities, Christians in Care and Christians Together Against Loneliness and together be a voice for older people.

In 2024 Faith in Later Life was generously supported in prayer and financially by individual givers, our partners London City Mission, The Salvation Army, Pilgrims Friend Society, and Keychange, as well as through grants awarded to us by Benefact Trust, Garfield Weston Foundation, Bishop Radford Trust, Jerusalem Trust, and Sir Halley Stewart Trust. We are tremendously thankful to all those who enable us to achieve our goals and help people have faith in later life.

In 2024, The Benefact Trust approved a grant of £45,000 over 3 years in equal tranches of £15,000 for the Church Champions Project at Faith in Later Life. Reporting for was due on 22 March 2025 in respect of the first tranche paid in financial year 2023/24. As a result of an administrative oversight, the report was submitted on 7 April showing that the charity was on track to achieve the outcomes and indicators required, but this delay meant that the second tranche of the grant from the Benefact Trust was not received until after the end of the 2024/25 financial year.

Fundraising activities

We secured grants from the founding organisations that support Faith in Later Life, as well as securing the final year of a grant from an external grant funding Trust.

FINANCIAL REVIEW

Financial position

The charity ended the year with a surplus of £1,718 (2024 surplus £2,658). This comprises a surplus of £42,876 for unrestricted funds and a deficit of £41,158 on the Daily Hope restricted fund, which was covered by the restricted reserves bought forward

The reserve amounted to £82,838 (2024 £81,120). Of these restricted funds totalled £18,203 (2024 £59,361).,

Principal funding sources

These were:

- Grants from organisations who were involved in setting up the charity.

- Grants from grant funding organisations

- Donations and fundraising from supporters and volunteers.

- Transfers of funds into a restricted fund to support DailyHope.

Funders and supporters of Faith in Later Life include the following -

Grants from Trusts and Foundations

£

Bishop Radford

2,000

Garfield Weston

25,000

Sir Halley Stewart

20,000

The Jerusalem Trust

10,000

Grants form Partners

Key Change

10,000

London City Mission

5,000

Pilgrims Friend Society

40,000

Salvation Army

15,000

The Benefact Trust approved a grant of £45,000 in 2024 spread over 3 years in equal tranches of £15,000 for the Church Champions Project at Faith in Later Life.

Investment policy and objectives

The trustees consider the present policy of investing funds in bank accounts offers the least risk in the current economic climate.

Reserves policy

The trustees have considered the requirements for the reserves policy based on the main risks of the charity. The trustees targeted aims are for the charity reserves are to have three months operating costs held in reserve.

Going concern

The trustees consider that there are sufficient funds available to ensure the charity continuing as a going concern and continue to actively search for new funding sources. The charity has the continued commitment from the initial funding partners...

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees will be appointed through Board approval. A trustee skill and experience matrix is maintained and gaps are addressed through Board development.

Organisational structure

The Charity has two members: Pilgrims' Friend Society, and Keychange. They are represented by two individuals who are Trustees. There are three other additional Trustees. Trustees appoint a Chair of Trustees annually.

Wider network

The charity is run by the Chief Executive Officer who is the sole employee. Additional administrative support is provided by a subcontracted relationship as it can be afforded. IT (web), communications and payroll is outsourced.

The charity is a part of three wider networks, 'Churches Together in England', 'Evangelical Alliance' and 'Affinity'.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

12160439 (England and Wales)

Registered Charity number

1186661

Registered office

175 Tower Bridge Road

London

SE1 2AL

Trustees

S Hammersley Chair

K Croft (appointed 24.10.24)

E Cobb (resigned 24.10.24)

T Puttick (resigned 24.10.24)

A Wileman

R Chaplin

Independent Examiner

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

Approved by order of the board of trustees on 20 December 2025 and signed on its behalf by:

S Hammersley Chair - Trustee

Independent examiner's report to the trustees of Faith in Later life Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Donald M Brown

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

20 December 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

140,654

2,171

142,825

185,776

Other trading activities

2

-

-

-

61

Total

140,654

2,171

142,825

185,837

EXPENDITURE ON

Raising funds

9,903

-

9,903

-

Charitable activities

Resources

40,400

43,329

83,729

124,978

Other

47,475

-

47,475

58,201

Total

97,778

43,329

141,107

183,179

NET INCOME/(EXPENDITURE)

42,876

(41,158

)

1,718

2,658

RECONCILIATION OF FUNDS

Total funds brought forward

21,759

59,361

81,120

78,462

TOTAL FUNDS CARRIED FORWARD

64,635

18,203

82,838

81,120

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

249

-

249

374

CURRENT ASSETS

Debtors

8

1,479

-

1,479

1,547

Cash at bank

72,274

18,203

90,477

81,475

73,753

18,203

91,956

83,022

CREDITORS

Amounts falling due within one year

9

(9,367

)

-

(9,367

)

(2,276

)

NET CURRENT ASSETS

64,386

18,203

82,589

80,746

TOTAL ASSETS LESS CURRENT LIABILITIES

64,635

18,203

82,838

81,120

NET ASSETS

64,635

18,203

82,838

81,120

FUNDS

10

Unrestricted funds

64,635

21,759

Restricted funds

18,203

59,361

TOTAL FUNDS

82,838

81,120

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2025 and were signed on its behalf by:

S Hammersley Chair - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Sale of resources

-

61

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

125

125

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Administration

1

1

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

106,221

79,555

185,776

Other trading activities

61

-

61

Total

106,282

79,555

185,837

EXPENDITURE ON

Charitable activities

Resources

44,985

79,993

124,978

Other

58,201

-

58,201

Total

103,186

79,993

183,179

NET INCOME/(EXPENDITURE)

3,096

(438

)

2,658

RECONCILIATION OF FUNDS

Total funds brought forward

18,663

59,799

78,462

TOTAL FUNDS CARRIED FORWARD

21,759

59,361

81,120

7.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024 and 31 March 2025

499

DEPRECIATION

At 1 April 2024

125

Charge for year

125

At 31 March 2025

250

NET BOOK VALUE

At 31 March 2025

249

At 31 March 2024

374

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

28

24

Prepayments

1,451

1,523

1,479

1,547

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

9,024

1,576

Social security and other taxes

343

700

9,367

2,276

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

21,759

42,876

64,635

Restricted funds

Restricted

59,361

(41,158

)

18,203

TOTAL FUNDS

81,120

1,718

82,838

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

140,654

(97,778

)

42,876

Restricted funds

Restricted

2,171

(43,329

)

(41,158

)

TOTAL FUNDS

142,825

(141,107

)

1,718

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

18,663

3,096

21,759

Restricted funds

Restricted

59,799

(438

)

59,361

TOTAL FUNDS

78,462

2,658

81,120

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

106,282

(103,186

)

3,096

Restricted funds

Restricted

79,555

(79,993

)

(438

)

TOTAL FUNDS

185,837

(183,179

)

2,658

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

18,663

45,972

64,635

Restricted funds

Restricted

59,799

(41,596

)

18,203

TOTAL FUNDS

78,462

4,376

82,838

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

246,936

(200,964

)

45,972

Restricted funds

Restricted

81,726

(123,322

)

(41,596

)

TOTAL FUNDS

328,662

(324,286

)

4,376

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.