Charity registration number 1096726
Company registration number 04657412 (England and Wales)
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B R Arnott
Mrs V J Joy
Mr R Field
Mr S Chaplin
(Appointed 1 April 2022)
Mrs K Patterson
(Appointed 1 April 2022)
Secretary
Mr B R Arnott
Charity number
1096726
Company number
04657412
Principal address
State Hall
Station Road
Heathfield
East Sussex
TN21 8LD
Registered office
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Independent examiner
John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers
Barclays Bank Plc
46 High Street
Heathfield
East Sussex
TN21 8HT
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
CONTENTS
Page
Trustees' report
1 - 3
Statement of Trustees' responsibilities
4
Independent examiner's report
5
Statement of financial activities
6
Statement of financial position
7
Notes to the financial statements
8 - 19
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 March 2023.

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 Memorandum and Articles of Association, the Companies Act 2006 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 advance the Christian faith by such means as the charity shall determine from time to time.

Kings Church is a Bible believing charismatic Christian church. We seek primarily to honour and worship God – Father, Son and Holy Spirit, and to follow God’s leading and direction in mission. We are members of the Evangelical Alliance and are part of the Catalyst network of churches within the New Frontiers family.

 

The mission statement of the church is “We want to see lives and the Heathfield area transformed into all God has for us”. Over the year we have continued to see the church grow and as a result God's transforming power in the lives of individuals and families.

 

Our main activities are to run a variety of meetings that:

 

Owing to the Covid-19 pandemic we have adjusted the way that we implement these activities to respond to the spiritual and material needs of the communities in the Heathfield area and amongst our friends in the wider international scene.

Public benefit

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

Achievements and performance

During Covid-19 restrictions there were several months where we were limited to meeting in smaller localised groups rather than being able to meet corporately at State Hall. This period shifted our focus towards local communities beyond the immediate Church, and we have continued to meet in local groups one Sunday a month rather than meet centrally as one large Church. This has had a significant positive impact on our outreach and ability to serve our local communities, and we continually look for new opportunities to expand these groups, welcome new people and to serve and assist the communities around us.

 

Building on the above, we have employed another full-time member of staff in the Eldership team, Martin Clay, and a key part of Martin’s role is to co-ordinate and support the local gatherings and ensure that group leaders have the help and discipleship required to help them grow further.

 

Another key part of our outreach work is the Alpha courses that we host at State Hall which typically run for 7-8 weeks at a time. These provide a forum for newcomers and guests to come and explore faith and what we can potentially offer as a Church. We have increased the frequency and profile of these courses in the last year and have seen significant growth in attendance over the last two courses as a result, with some guests now attending the Church regularly too.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

We continue to run various children and youth activities, with Nikki Mostram employed on a part-time basis specifically to assist with organising and running the work with the children. We run a regular youth group on Friday afternoon immediately after school which has proved very popular with Children both inside and outside of Church membership. Post Covid-19 restrictions have seen the return of larger national Christian youth festivals, and we partner with another local church to send a large group of children (aged 12+ years) to Newday camp for a week in summer, fully supported and supervised by our youth work leaders.

 

We have made grants to assist churches we have contact with overseas, including some countries where practising Christianity is politically sensitive. We also give to local needs.

 

Noakes

Noakes café continues to trade in what has been a challenging 12 months with increased energy and running costs but has now become well established with a good reputation in the town. It has proved to be a great asset for hosting Alpha Course evenings, a youth work space, and generally increasing the profile and use of the building during the week beyond Sunday morning meetings. Due to the trading success of the café we have had to form a company separate from the Church (Noakes Heathfield Ltd.) for accounting and VAT purposes, but the business remains a wholly owned subsidiary of Kings Church Heathfield.

 

The broad aims of the café remain the same: to further the charitable work of the church by giving away any profits; to see the christian faith advance by making the building more attractive and welcoming to visitors; and to be a place of employment and training within the town.

 

Volunteers 

A great deal of the work of the church both serving the church and the wider community is undertaken by volunteers who are members of the church.  The Trustees are deeply grateful to them for their commitment in time and energy. 

Financial review

The Church had a surplus of £26,675 on general funds for the year (2022: deficit of £1,670). This surplus is expected in order to have funds to cover the anticipated increase in salary costs in the coming year.General unrestricted funds at 31 March 2023 amounted to £309,576 (2022: £281,901)

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. There was a shortfall in the previous year, but we have now built up funds against. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. A rolling review program is being put in place to ensure that our policies and procedures are kept up to date with help from external consultants.

Structure, governance and management

The Charity is a company limited by guarantee and governed by a Memorandum and Articles of Association. The Charity registration number, principal address details plus names and addresses of our advisors are listed on the information page of these accounts.

 

The Trust acts as the legal umbrella for the work of Kings Church Heathfield. The Church is affiliated to the group known as Catalyst Network of Churches.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr B R Arnott
Mrs V J Joy
Mr M Clay
(Resigned 31 August 2022)
Mr R Field
Mr S Chaplin
(Appointed 1 April 2022)
Mrs K Patterson
(Appointed 1 April 2022)

New Trustees are elected by the majority vote of members at the Annual General Meeting. Suitable training is provided.

 

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

The Trustees meet regularly and deal with the management of the Church.

 

The day to day activities of the church are delegated to the Church leadership team supported by office staff. The leadership team report to the Trustees on a regular basis.

The Trustees' report was approved by the Board of Trustees.

Mr S Chaplin
Trustee
19 October 2023
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -

The Trustees, who are also the directors of KC Heathfield 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:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

 

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.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KC HEATHFIELD
- 5 -

I report to the Trustees on my examination of the financial statements of KC Heathfield (the Charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity 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 the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (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 member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

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 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Dated: 23 October 2023
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Donations and legacies
3
235,524
190,121
Charitable activities
4
9,554
4,624

Other activities

5
76,669
22,937
Investments
6
99
64
Other income
7
4,824
824
Total income
326,670
218,570
Expenditure on:
Raising funds
8
69,662
25,062
Charitable activities
9
229,333
195,178
Total expenditure
298,995
220,240
Net income/(expenditure) for the year/
Net movement in funds
27,675
(1,670)
Fund balances at 1 April 2022
281,901
283,571
Fund balances at 31 March 2023
309,576
281,901

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2023
31 March 2023
- 7 -
2023
2022
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
15
339,672
354,623
Current assets
Inventories
16
-
2,411
Trade and other receivables
17
12,890
9,572
Cash at bank and in hand
54,091
31,119
66,981
43,102
Current liabilities
19
(28,123)
(28,545)
Net current assets
38,858
14,557
Total assets less current liabilities
378,530
369,180
Non-current liabilities
20
(68,954)
(87,279)
Net assets
309,576
281,901
Income funds
Unrestricted funds
309,576
281,901
309,576
281,901

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the Trustees on 19 October 2023
Mr B R Arnott
Mr S Chaplin
Trustee
Trustee
Company registration number 04657412
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
1
Accounting policies
Company information

KC Heathfield is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 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)". 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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 £.

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
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

 

All monies given to the Trust are marked or designated for the General fund. The Trust does not have any restricted funds.

1.4
Income
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.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from trading activities includes sales from our coffee shop, Noakes. Income via Noakes is recognised when received.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies (Continued)
- 9 -
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.

Expenditure is recognised when there is an obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the appropriate heading and includes irrecoverable VAT.

 

Expenditure relating to events is recognised when the event occurs.

 

Gifts and donations are recognised when paid.

1.6
Property, plant and equipment

Property, fixtures and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Land and buildings
2% on a straight line basis
Fixtures, fittings and equipment
15% on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of non-current assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
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.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies (Continued)
- 10 -
1.10
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables 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.

Basic financial liabilities

Basic financial liabilities, including trade and other payables 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 payables 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 payables 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.

1.11
Employee benefits

Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 11 -
2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
235,524
190,121
Donations and gifts
Regular Donations and gift days
198,586
160,908
Gift Aid Tax refunds
36,938
29,213
235,524
190,121
4
Charitable activities
2023
2022
£
£

Conferences and special events

4,127
1,620

Hall hire income

5,427
3,004
9,554
4,624
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 12 -
5

Other activities

Unrestricted
Unrestricted
funds
funds
2023
2022
£
£

Noakes coffee shop income

76,669
22,937

Following significant growth in the turnover for Noakes Coffee Shop, it was decided to hive this off into a separate trading subsidiary with effect from 1 January 2023.

6
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
99
64
7
Other income
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Other income
3,711
-

Furlough income

-
824

Catering income

1,113
-
4,824
824

 

 

 

 

 

 

 

 

 

 

 

 

 

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 13 -
8
Raising funds
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£

Noakes coffee shop

Coffee shop purchases

26,724
7,884
Staff costs
42,938
17,178

Noakes coffee shop

69,662
25,062
69,662
25,062
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -
9
Charitable activities
2023
2022
£
£
Staff costs
63,220
41,515

Conferences, events and pastoral support

15,583
8,977

Provision of ministerial accommodation

28,800
19,584

Evangelistic courses and activities

1,194
55

Guest speakers

1,250
500

Books, music and tapes

1,577
2,709

Worship and PA

1,844
3,163

Children and youth

3,859
1,349

Printing, postage and stationery

2,766
1,989

Travel costs

272
273

Catering and other supplies

4,338
1,514

Telephone

2,301
2,771

Licenses

1,166
1,095

Child Protection

644
520
Computer Expenses
1,502
2,681
Health and Safety
83
523
Subscriptions
3,039
2,190
Sundries
259
100
Advertising
135
606
133,832
92,114
Grant funding of activities (see note 10)
12,105
28,113
Share of support costs (see note 11)
72,953
67,186
Share of governance costs (see note 11)
10,443
7,765
229,333
195,178
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 15 -
10
Grants payable
2023
2022
£
£
Grants to institutions:
Armenia - Churches and communities
-
5,270
Turkey - Churches
7,200
6,600
Catalyst Network
2,520
2,520
Athens
-
4,800
Israel
-
4,880
Portugal
-
800
Baghdad
-
2,500
Other
50
-
9,770
27,370
Grants to individuals
2,335
743
12,105
28,113
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 16 -
11
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Depreciation
15,424
-
15,424
16,259
-
16,259

Light and Heat

29,420
-
29,420
8,869
-
8,869

Loan Interest

5,018
-
5,018
3,593
-
3,593

Repairs and Maintenance

5,781
-
5,781
23,632
-
23,632

Cleaning and consumables

13,241
-
13,241
11,580
-
11,580

Insurance

2,772
-
2,772
2,381
-
2,381

Water Rates

1,172
-
1,172
677
-
677

Caretaking

125
-
125
195
-
195

Accountancy

-
1,540
1,540
-
1,450
1,450

Independent Examination

-
980
980
-
950
950

Bank Charges

-
2,433
2,433
-
902
902

Bookkeeping

-
5,490
5,490
-
4,463
4,463
72,953
10,443
83,396
67,186
7,765
74,951
Analysed between
Charitable activities
72,953
10,443
83,396
67,186
7,765
74,951

 

 

 

12
Trustees

The total aggregate donations received by the charity from its trustees and related parties amounted to £29,461 (2022: £22,874).

13
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Pastoral
2
1
Administration and support
7
4
Total
9
5
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13
Employees (Continued)
- 17 -
Employment costs
2023
2022
£
£
Wages and salaries
102,904
56,982
Social security costs
1,018
-
Other pension costs
2,236
1,711
106,158
58,693
There were no employees whose annual remuneration was more than £60,000.
14
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

15
Property, plant and equipment
Land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 April 2022
430,000
154,830
584,830
Additions
-
473
473
At 31 March 2023
430,000
155,303
585,303
Depreciation and impairment
At 1 April 2022
120,400
109,807
230,207
Depreciation charged in the year
8,600
6,824
15,424
At 31 March 2023
129,000
116,631
245,631
Carrying amount
At 31 March 2023
301,000
38,672
339,672
At 31 March 2022
309,600
45,023
354,623

The Charity has elected to use a previous GAAP revaluation (31 March 2008) of its freehold property as the deemed cost of that property on the transition date in accordance with the transitional provision contained in section 35.10 (d) of FRS102. The value used was provided by Stiles Harold Williams on an 'existing use basis with vacant possession' in accordance with the RICS valuation standards 6th edition.

KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 18 -
16
Inventories
2023
2022
£
£
Finished goods and goods for resale
-
2,411
17
Trade and other receivables
2023
2022
Amounts falling due within one year:
£
£
Trade receivables
3,683
1,376
Other receivables
7,603
7,237
Prepayments and accrued income
1,604
959
12,890
9,572
18
Borrowings
2023
2022
£
£
Bank loans
87,604
106,672
Payable within one year
18,650
19,393
Payable after one year
68,954
87,279

The bank loan with Barclays Bank Plc is secured by legal charge over State Hall, Station Road, Heathfield, East Sussex. The interest rate on the loan is the Bank of England base rate plus 2.9% and it is due to be fully repaid in 2026-27.

19
Current liabilities
2023
2022
Notes
£
£
Bank loans
18
18,650
19,393
Other taxation and social security
2,921
1,575
Trade payables
4,059
2,463
Other payables
153
2,954
Accruals and deferred income
2,340
2,160
28,123
28,545
20
Non-current liabilities
2023
2022
Notes
£
£
Bank loans
18
68,954
87,279
KC HEATHFIELD
KNOWN AS KINGS CHURCH HEATHFIELD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 19 -
21
Retirement benefit schemes
Defined contribution schemes

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £2,236 (2022 - £1,711).

22
Financial commitments, guarantees and contingent liabilities

The Church rents a Manse for each of the two paid elders/pastors of the Church on a rolling monthly basis.

23
Related party transactions
Remuneration of key management personnel

The remuneration (wages plus employers social security and pension contributions) of the two (2022: one) key management personnel is as follows.

2023
2022
£
£
Aggregate compensation
41,003
23,951

£28,800 was also paid to the two key management personnel for the provision of Manse accommodation (2022: one key management personnel received £19,584).

Transactions with related parties

Payments of £nil (2021: £427) were made to S Arnott, the grandson of Trustee Mr Brian Arnott, for work in the cafe.

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