REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
King's Church Kingston |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
King's Church Kingston |
King's Church Kingston |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 5 |
Independent Examiner's Report | 6 | to | 7 |
Statement of Financial Activities | 8 |
Balance Sheet | 9 | to | 10 |
Notes to the Financial Statements | 11 | to | 16 |
King's Church Kingston |
Reference and Administrative Details |
for the Year Ended 31 March 2023 |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
INDEPENDENT EXAMINER | Brewers Chartered Accountants |
Bourne House |
Queen Street |
Gomshall |
Surrey |
GU5 9LY |
BANKERS | HSBC PLC |
66 High Street |
New Malden |
Surrey |
KT3 4HD |
King's Church Kingston (Registered number: 09312689) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
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 2023. 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). |
Constitution |
Kings Church Kingston is a company limited by guarantee - company number 9312689, and is registered as a charity - number 1160459. The company was formed on 14th November 2014 and was inactive until 6th April 2015, when it took over the assets, liabilities and undertaking of the Kings Church Kingston Trust (charity no.1046210). The accounts and report cover the period from 1st April 2022 to 31st March 2023. |
The principal office until July 2022 was the Territorial Army (TA) Centre, 19 Portsmouth Road, Kingston, Surrey KT1 2QX and from August 2022 onwards is King's Church, Speer Road, Thames Ditton KT7 0PN. |
Trustees are appointed by a resolution at a meeting of the trustees. The Trustees that served during the year are as follows: |
Janine Wilson (until 23 February 2023) |
Patrick Corbett |
Nicholas Spear |
Katherine Thorne |
Sharon Sebastian (appointed 23 February 2023) |
OBJECTIVES AND ACTIVITIES |
Objectives |
The object of the charity is the promotion and advancement of the Christian religion. In order to meet this objective, the church seeks to be a growing local church serving the boroughs of Kingston and Elmbridge. It does this through Sunday morning services, which are open to all; midweek life groups; training; community-based activities for children, young people and the elderly; and partnership with local social action projects. |
During this period the church was led by a team of six elders, two of whom Philip Ellwood and John Ford were paid on a full time basis. The elders were supported by a part time Administrator and some ad-hoc communications support. |
The church is part of Newfrontiers, an international family of churches founded by Terry Virgo, and within Newfrontiers is a member of the New Ground network, led by Dave Holden. The elders receive training and pastoral support from Dave Holden and the New Ground team who support churches in the South West London area. |
King's Church Kingston (Registered number: 09312689) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
OBJECTIVES AND ACTIVITIES |
Review of activities |
Sunday Services |
Our services are open to all and groups for children and young people age 0-18 are provided during every service. Services always include sung worship, prayer, Bible readings and preaching. |
Since September 2020, King's Church Kingston has been meeting in two local congregations in Thames Ditton and New Malden. The Thames Ditton URC congregation closed permanently in June 2021, and we were able to buy the URC building in March 2022 as our permanent base. We continue to meet as two congregations most weeks, in the mornings in Thames Ditton and the afternoons in New Malden. In September 2021 we changed our New Malden venue and now meet in the URC church in New Malden. |
Building purchase and renovation |
In March 2022 King's Church was able to buy a building, the former Thames Ditton United Reformed Church in Speer Road, Thames Ditton. The funds used for this purchase had been secured over a number of years through giving of current and former church members into a restricted building fund. The church also secured a mortgage with Kingdom Bank to enable the purchase and renovation of the building. |
Spending on the building refurbishment amounted to £155,150 in the financial year to 31 March 2023. This enabled the rebuilding of the toilet block, the creation of an office area, a new heating system, and renovation of the main sanctuary. |
Alpha Courses |
The Alpha Course is an international initiative providing a safe, informal environment where those new to faith or simply exploring the claims of Christianity can meet to learn about Christian beliefs, ask questions and discuss ideas over a meal. King's church holds courses each year, and these have also been conducted online during this period. |
Training |
We run Marriage, Parenting and Marriage Preparation courses, which are open to all free of charge. |
Funds are also made available on a regular basis to enable ministry leaders to receive training in any areas they feel would be of benefit in assisting them to carry out their roles within the church. |
In the current period we provided funding to help train upcoming leaders in the church through a leadership training programme called New Ground Academy. |
Children's and Youth ministry |
In addition to Sunday morning activities for 0-18s, we have two regular groups which we run for families. |
In 2022 we established Thames Tots, a parent and toddler group, which meets on Friday mornings. We also have a monthly Friday night youth group, Ignite, which either meets at our Thames Ditton building or in the local area for activities. |
Social Action |
In January 2019 we set up an older people's social group, ("Elderberries") to help combat some of the loneliness that we see amongst some older people in our area. The group meets fortnightly on a Tuesday morning, and offers friendship, support, as well as interesting talks, quizzes and activities. |
In 2022-23 we were also able to give some money to support churches supporting the relief effort in Ukraine. |
King's Church Kingston (Registered number: 09312689) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
OBJECTIVES AND ACTIVITIES |
Pastoral Care |
As well as serving the community, the church places a high priority on meeting the needs of its members. This is primarily accomplished through: Life Groups - groups of 10-20 individuals meeting midweek in homes for prayer, fellowship and Bible study; events targeted specifically at men, at women; ongoing training and coaching for leaders within the church; and a prayer team available after Sunday services and contactable any time via e-mail or text. |
The elders are also available to meet with members of the church to pray for them and support them as appropriate. |
As part of the New Ground and the wider Newfrontiers network, we also seek to build a strong community within the church through regular weekends away and attendance at conferences. |
Other Activities |
In 2013, a team was sent out from King's Church Kingston in order to plant a new church in Istanbul, Turkey. In 2019 the leaders of the Istanbul Church returned to Kingston and to King's Church. The Istanbul church is still meeting under new leadership. King's Church is committed to supporting this venture both financially and through prayer and pastoral visits. In the current year our financial support of this ministry totalled £12,500. |
The church has a connected charity, The King's Church Kingston Property Trust. A gift of £213 was made to this connected charity in the year. |
Public benefit |
The Trustees have considered the guidance provided by the Charity Commission regarding public benefit and the work of the charity for this year and for the future. |
FINANCIAL REVIEW |
Financial statements |
The church's total income for the year was £319,233, all of which was unrestricted. Of the total, £53,946 relates to gift aid. The total expenditure for the year was £346,250, creating a defecit of £27,017. |
Policies |
Grant making is at the discretion of the trustees and elders and is approved by the trustees at their regular meetings. The church aims to give away at least 10% of its general fund income. |
Reserves |
As at 31st March 2023 general unrestricted reserves totalled £1,175,621. This is a significant reduction in reserves because of the purchase and refurbishment of our building. |
The general unrestricted reserves are held to cover commitments under operating leases and three months gross expenditure of £71,000. |
The report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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. |
King's Church Kingston (Registered number: 09312689) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
King's Church Kingston |
I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of King's Church Kingston ('the charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. |
This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. |
Responsibilities and basis of report |
As the trustees of charitable company 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 charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act 2011 ('the 2011 Act') and 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. |
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement. |
Independent examiner's statement |
Since the charitable company'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 ACA, which is one of the listed bodies. I have completed my examination. |
I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: |
o accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or |
to the financial statements do not accord with those records; or |
to the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair view which is not a matter considered as part of an independent examination; or |
to 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. |
Andrew Skilton |
Brewers Chartered Accountants |
Bourne House |
Queen Street |
Gomshall |
Independent Examiner's Report to the Trustees of |
King's Church Kingston |
Surrey |
GU5 9LY |
30 January 2024 |
King's Church Kingston |
Statement of Financial Activities |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income | 2 |
Other income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,202,638 |
King's Church Kingston (Registered number: 09312689) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 10 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 1,202,638 |
TOTAL FUNDS | 1,202,638 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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. |
King's Church Kingston (Registered number: 09312689) |
Balance Sheet - continued |
31 March 2023 |
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 |
King's Church Kingston |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
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. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
King's Church Kingston |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | INVESTMENT INCOME |
31.3.23 | 31.3.22 |
£ | £ |
Interest receivable - trading | 724 | 2,095 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.23 | 31.3.22 |
£ | £ |
Depreciation - owned assets |
Other operating leases | 11,265 | 25,344 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.3.23 | 31.3.22 |
Employees |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME |
King's Church Kingston |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
RECONCILIATION OF FUNDS |
Total funds brought forward | 1,153,600 | - |
TOTAL FUNDS CARRIED FORWARD | 1,202,638 | - | 1,202,638 |
7. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Freehold | to | and |
property | property | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Other debtors |
Gift aid receivable | 53,945 | 44,872 |
King's Church Kingston |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans and overdrafts (see note 11) |
Trade creditors |
Social security and other taxes |
Pension liability | 551 | 701 |
Other creditors |
Accruals and deferred income |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans (see note 11) |
11. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments: |
Bank loans more 5 yr by instal | 388,440 | 400,000 |
12. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Kingdom Bank Mortgage | 488,440 | 500,000 |
The above mortgage has a secured debt charge over the building included in Fixed Assets. |
King's Church Kingston |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
13. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 290,726 | (18,934 | ) | 834,469 | 1,106,261 |
Designated funds | 911,912 | (8,083 | ) | (834,469 | ) | 69,360 |
(27,017 | ) |
TOTAL FUNDS | (27,017 | ) | 1,175,621 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 241,816 | (260,750 | ) | (18,934 | ) |
Designated funds | 77,417 | (85,500 | ) | (8,083 | ) |
( |
) | (27,017 | ) |
TOTAL FUNDS | ( |
) | (27,017 | ) |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.21 | in funds | funds | 31.3.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 302,993 | (12,267 | ) | 911,912 | 1,202,638 |
Designated funds | 850,607 | 61,305 | (911,912 | ) | - |
1,153,600 | 49,038 | - | 1,202,638 |
TOTAL FUNDS | 1,153,600 | 49,038 | - | 1,202,638 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 236,642 | (248,909 | ) | (12,267 | ) |
Designated funds | 61,305 | - | 61,305 |
297,947 | (248,909 | ) | 49,038 |
TOTAL FUNDS | 297,947 | (248,909 | ) | 49,038 |
King's Church Kingston |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
13. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.4.21 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 302,993 | (31,201 | ) | 1,746,381 | 2,018,173 |
Designated funds | 850,607 | 53,222 | (1,746,381 | ) | (842,552 | ) |
1,153,600 | 22,021 | - | 1,175,621 |
TOTAL FUNDS | 1,153,600 | 22,021 | - | 1,175,621 |
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 | 478,458 | (509,659 | ) | (31,201 | ) |
Designated funds | 138,722 | (85,500 | ) | 53,222 |
617,180 | (595,159 | ) | 22,021 |
TOTAL FUNDS | 617,180 | (595,159 | ) | 22,021 |
14. | RELATED PARTY DISCLOSURES |
During the year, £116,982 (2022:£120,482) of donations were from Trustees, employees and/or their relatives. |
There were no other related party transactions during the year which require disclosure. |