Charity Registration No. 1135259
Company Registration No. 07133411 (England and Wales)
Kingdom Advance Network
Annual report and unaudited financial statements
For the year ended 31 December 2023
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr H K McCallum
Mr A K Smith
Rev S P Watson
Rev J A Watson
Mr M E Curtis
(Appointed 5 September 2023)
Mr D R Starrit
(Appointed 5 September 2023)
Secretary
Mr H K McCallum
Charity number
1135259
Company number
07133411
Registered office
KAN
Hawkins Lane
Burton on Trent
DE14 1EJ
Independent examiner
Hayden Watson
Elstree House
Watson's Yard
High Street
Cottenham
Cambridge
CB24 8RX
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
CONTENTS
Page
Trustees' report
1 - 5
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Notes to the financial statements
10 - 17
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 31 December 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 charitable trust's governing document, 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 primary aims of the Trust are to fulfil the role of a Christian Church in the Burton on Trent area and elsewhere by any means whatsoever and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.

 

The Church: Its Aims and objectives

 

1. The aim of the church is to communicate the Christian Faith by lifestyle and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles as well as the pastoral care of Christian people and the printing and distribution of the Bible and Christian literature.

2. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick.

3. The advancement of education on the basis of Christian principles for the general education of children or adults.

4. The promotion of other charitable purposes beneficial to the community in and around Burton on Trent or such other places as the Trust may from time to time operate.

 

Kingdom Advance Network (KAN) is part of the "Church in Burton" and has a long standing relationship with Glory of Zion International, a Christian organisation that pursues similar objectives around the world. It is also part of Ground Level, an apostolic network of churches based in the UK, with its headquarters in Lincoln.

 

The Church: Its Structure and terminology

 

The KAN Trustee board members manage KAN as a business, holding a position of trust and responsibility for the benefit of KAN's stakeholders. Directions relating to the charitable trust are made by the Trustees in consultation with the Apostolic Leaders and Pastors, who are responsible for governing the life and teaching of the church. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, within budgets set and monitored by the Trustees. The powers of appointment or removal of Trustees rests with both themselves and the Apostolic Leaders.

 

Whilst the church does employ a small number of paid staff, it is the work of every member of the church, that makes the difference in the church achieving objectives. The financial resources of the church, to a very large extent, are given by members and stakeholders, and their private assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognition and the hours and value of that time cannot be quantified.

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

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Achievements and performance

The Year: Its Objectives and Achievements

 

From March 2020 the global community was hit by a pandemic that changed the world. Covid still affects how some people choose to gather.

 

Kingdom Advance Network has continued its daily broadcast - with 930 by the end of 2023. We broadcast Monday to Friday with an encouraging word, sometimes worship, but always prayer and communion. We now have regular monthly in-person gatherings and these are broadcast on all major media platforms.

 

We have held broadcasts for training, equipping with interviews and programs giving an informal look into people and subjects appropriate to our audience. Invited speakers have come from both the UK and abroad bringing a fresh approach as well as variety.

 

We have found that many more people engaged with our ministry than just those who could attend our services, with increased numbers from abroad.

 

Despite covid our influence has increased as well as our support base.

 

Practical help to the community.

 

We continue to financially support organisations out of our mission giving account.

 

These include:

 

Christian Concern for our Nation - Give legal help and support to those people who are falling foul of new legislation that not always provides Christians the right to hold their own convictions according to the Bible.

Eurovision (David Hathaway) - Eurovision is very active around the globe preaching the gospel through mass evangelism.

Betel - This organisation works across the UK with ex addicts - drugs and alcohol helping, very successfully, to rehabilitate men and women. Their teams help us with providing food and refreshments at our gatherings. We have co-hosted a mens conference with their group.

Passion for Jesus Ministries - PFJ has served many nations for many years now, not just with supporting churches through teaching and preaching, but also practically with humanitarian aid, building clinics, orphanage's etc.

We have also provided support for a Christian centre in: Iselohn, Germany; and ministries working with Jewish communities in Israel and elsewhere. A Christian school in Scotland has been helped through the generosity of our members and partners.

We help equip leaders from various church backgrounds to teach and train and provide teaching materials. We also manufacture and distribute teaching materials in the UK and internationally. We have developed our own teaching resources which include business and leadership training, vision, personal development etc., as well as biblical principles. Our members live across the region, with some travelling an hour or more for our gatherings.

Fortunately the development of our media department enabled us to communicate to a greater global audience and take advantage of new technology and media platforms.

 

Some of the years highlights have included:

Media

The members and partners of our church appreciate our broadcasts and have been enabled to not feel isolated or suffer from anxiety and fear. Our viewing figures continue to climb and we consistently have new viewers from various nations joining our broadcasts.

Gatherings

We have chosen to host monthly gatherings, with speakers from our home team. These have become popular with many and we have new visitors every month. As a result we are also adding new partners to the ministry.

BeOne

Our Romanian congregation continues to grow. They share our vision and values and are working closely with our leadership and congregation. We have purchased equipment for language interpretation as we look to have one English speaking gathering rather than two in different languages. This new congregation called "BeOne" are young with families and are enjoying using our facilities and benefitting from our wisdom, experience and maturity.

 

 

The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

 

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -

Advance Men

In October we started our mens ministry to help the men open up their hearts and lives to other men to enable them to improve their mental and emotional, as well as spiritual health.

Plans for 2024

Now that Covid is behind us, our key strategy for the church is to develop our conferences, training events and prayer initiatives. Where appropriate we make as many of our gatherings viewable online. The membership has grown adding Aligned Partners and Leaders who share our values and help to support the vision of the ministry.

Further work will continue updating and improving the fabric of the building.

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
Financial review

The Trustees have set a policy of retaining reserves, where possible, for the foreseeable needs of the church. Where there is specific capital expenditure foreseen amounts are set aside into designated funds so the free reserves (general reserves excluding amounts invested in assets for the churches use) are available to meet the costs of normal running and expansion of the church and to ensure the church can meet the commitments that have been entered into.

 

Grant Making Policy

Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable objectives. There are no upper or lower limits of support.

The trustees has assessed the major risks to which the charitable trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

 

Risk Management

 

All major insurable risks are subject to normal churches and employersinsurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the churchs ability to fulfil its objectives. An annual review of areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.

Structure, governance and management

The charitable trust is a company limited by guarantee.

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 H K McCallum
Mr A K Smith
Rev S P Watson
Rev J A Watson
Mr R W Billitt
(Resigned 30 January 2023)
Mrs M J Billitt
(Resigned 30 January 2023)
Mr M E Curtis
(Appointed 5 September 2023)
Mr D R Starrit
(Appointed 5 September 2023)

 

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

 

The company's current policy concerning the payment of trade creditors is to:

 

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

Mr H K McCallum
Trustee
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
Dated: 25 September 2024
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the profit and loss of the Charity for that period. In preparing these accounts, the trustees are required to:

- Select suitable accounting policies and then apply them consistently.

- Make adjustments and estimates that are reasonable and prudent.

Prepare the accounts 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 which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Acts. They are also responsible for safe- guarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that the accounts com- ply with current statutory requirements and those of the Charity’s trust deed.

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KINGDOM ADVANCE NETWORK
- 7 -

I report to the trustees on my examination of the financial statements of Kingdom Advance Network (the charitable trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charitable trust (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 charitable trust 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 charitable trust’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 charitable trust’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 [ENTER IN DATABASE cy1015], 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 charitable trust 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.

Hayden Watson
Elstree House
Watson's Yard
High Street
Cottenham
Cambridge
CB24 8RX
Dated: 26 September 2024
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
Unrestricted
Unrestricted
Total
Unrestricted
Unrestricted
Total
funds
funds
funds
funds
general
designated
general
designated
2023
2023
2023
2022
2022
2022
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
271,087
7,864
278,951
237,618
10,505
248,123
Charitable activities
4
37,514
-
37,514
35,447
-
35,447
Investments
5
3,010
-
3,010
120
-
120
Total income
311,611
7,864
319,475
273,185
10,505
283,690
Expenditure on:
Charitable activities
6
302,845
9,570
312,415
239,150
9,937
249,087
Other expenditure
11
60,000
-
60,000
-
-
-
Total expenditure
362,845
9,570
372,415
239,150
9,937
249,087
Net income/(expenditure)
(51,234)
(1,706)
(52,940)
34,035
568
34,603
Transfers between funds
(2,679)
2,679
-
(3,322)
3,322
-
Net movement in funds
8
(53,913)
973
(52,940)
30,713
3,890
34,603
Reconciliation of funds:
Fund balances at 1 January 2023
766,370
4,694
771,064
735,657
804
736,461
Fund balances at 31 December 2023
712,457
5,667
718,124
766,370
4,694
771,064

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 9 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
13
533,236
753,036
Current assets
Stocks
14
7,850
7,850
Cash at bank and in hand
178,238
122,267
186,088
130,117
Creditors: amounts falling due within one year
16
(1,200)
(18,000)
Net current assets
184,888
112,117
Total assets less current liabilities
718,124
865,153
Creditors: amounts falling due after more than one year
17
-
(94,089)
Net assets excluding pension liability
718,124
771,064
Net assets
718,124
771,064
The funds of the charitable trust
Unrestricted funds - general
712,457
766,370
Unrestricted funds - designated
5,667
4,694
718,124
771,064

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 December 2023.

The directors acknowledge their 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 25 September 2024
Mr H K McCallum
Trustee
Company registration number 07133411 (England and Wales)
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
1
Accounting policies
Charity information

Kingdom Advance Network is a private company limited by guarantee incorporated in England and Wales. The registered office is KAN, Hawkins Lane, Burton on Trent, DE14 1EJ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable trust's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charitable trust is a Public Benefit Entity as defined by FRS 102.

 

The charitable trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 charitable trust 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.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable trust.
1.4
Income
Income is recognised when the charitable trust 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 charitable trust 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 or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable trust 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.
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 11 -
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.

1.6
Tangible fixed assets

Tangible fixed assets 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 bases:

Freehold land and buildings
1% Reducing balance
Plant and equipment
10 or 20% Reducing balance
Fixtures and fittings
33.3 or 10% Reducing balance

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 fixed assets

At each reporting end date, the charitable trust 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
Stocks

Stocks 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 stocks 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.

Basic financial assets

Basic financial assets, which include debtors 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.

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 12 -
Basic financial liabilities

Basic financial liabilities, including creditors 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 creditors 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 creditors 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 charitable trust’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

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 charitable trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charitable trust’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
Income from donations and legacies
Unrestricted
Unrestricted
Total
Unrestricted
Unrestricted
Total
funds
funds
funds
funds
general
designated
general
designated
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
271,087
7,864
278,951
237,618
10,505
248,123
Donations and gifts
Appeals and donations
221,127
7,864
228,991
213,155
8,405
221,560
Gift aid tax reclaim
49,011
-
49,011
22,114
2,100
24,214
Fees and supplies
949
-
949
2,349
-
2,349
271,087
7,864
278,951
237,618
10,505
248,123
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3
Income from donations and legacies
Unrestricted
Unrestricted
Total
Unrestricted
Unrestricted
Total
funds
funds
funds
funds
general
designated
general
designated
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
(Continued)
- 13 -
Grants receivable for core activities
-
-
-
-
-
-
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Income

Bookshop and Cafe

29,136
27,249
Charitable rental income
8,378
8,198
37,514
35,447
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
3,010
120
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
6
Expenditure on charitable activities
Expenditure
Expenditure
2023
2022
£
£
Direct costs
Staff costs
159,366
131,839
Depreciation and impairment
17,319
19,959

Establishment costs

18,653
14,865

Repairs and maintenance

10,492
5,136

Office expenses

10,806
9,537

Printing, postage and stationary

812
1,345

Subscriptions and donations

458
317

Sundry and other costs

22,379
14,199

Motor expenses

8,326
836

Advertising and promotion

-
333

Legal and professional costs

487
487

Bookshop stock

7,715
7,241

Cafe stock

3,117
3,127

Giving out

40,387
30,672
300,317
239,893
Share of support and governance costs (see note 7)
Support
10,784
8,000
Governance
1,314
1,194
312,415
249,087
Analysis by fund
Unrestricted funds - general
302,845
239,150
Unrestricted funds - designated
9,570
9,937
312,415
249,087
7
Support costs allocated to activities
2023
2022
£
£
Licences and subscriptions
3,413
3,146
Bank charges
1,938
1,919
Mortgage interest and disposal costs
5,433
2,935
Governance costs
1,314
1,194
12,098
9,194
Analysed between:
Expenditure
12,098
9,194
KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 15 -
8
Net movement in funds
2023
2022
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
17,319
19,959
Loss on disposal of tangible fixed assets
60,000
-
9
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable trust during the year, other than Mr A K Smith, Rev S Watson and Rev J Watson who receive a small salary from the charity.

 

10
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
7
6
Employment costs
2023
2022
£
£
Wages and salaries
159,366
131,839
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

11
Other expenditure
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Net loss on disposal of tangible fixed assets
60,000
-
12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 16 -
13
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2023
751,584
120,439
162,039
1,034,062
Additions
1,532
2,920
10,570
15,022
Disposals
(250,000)
-
-
(250,000)
At 31 December 2023
503,116
123,359
172,609
799,084
Depreciation and impairment
At 1 January 2023
78,220
93,747
109,062
281,029
Depreciation charged in the year
5,031
5,923
6,365
17,319
Eliminated in respect of disposals
(32,500)
-
-
(32,500)
At 31 December 2023
50,751
99,670
115,427
265,848
Carrying amount
At 31 December 2023
452,365
23,689
57,182
533,236
At 31 December 2022
673,365
26,693
52,978
753,036

 

14
Stocks
2023
2022
£
£
Stock
7,850
7,850
15
Loans and overdrafts
2023
2022
£
£
Bank loans
-
110,889
Payable within one year
-
16,800
Payable after one year
-
94,089

 

 

KINGDOM ADVANCE NETWORK
Kingdom Advance Network
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 17 -
16
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Bank loans
15
-
16,800
Accruals and deferred income
1,200
1,200
1,200
18,000
17
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans
15
-
94,089
18
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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