REGISTERED CHARITY NUMBER: 1008391 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Kin s Communit Church Lancaster Nathans Chartered Certified Accountants Trident Business Centre Amy Johnson Way Blackpool Lancashire FY4 2RP
Kin s Communit Church Lancaster Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activities 14 to 15
Kin s Communit Church Lancaster ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 object of the charity is the propagation of the Christian faith throughout Lancaster and surrounding areas, including evangelism, pastoral care. poor relief and counselling promoting Christian doctrine, printing and distribution of the Bible and Christian literature, providing meetings, equipment and other means of support for these activities. The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Policies in force are provision of public meetings, outdoor meetings and involvement in the community. The trust exists to spread the gospel of Jesus Christ and to support people in times of spiritual need. It also exists to perform charitable acts and servIs. There has been no material change in these policies since the previous report. The Church is divided into a number of small groups, each with designated group leaders. An element of the responsibility for the pastoral care of the members of each group is delegated to the designated group leaders, although prime responsibility and authority in the area of Church life rests with the Church elders and other key members of the core leadership team. Responsibility for other areas of Church life, such as children's ministry, outreach and music ministry, is also delegated to designated leaders with the Church elders retaining overall responsibility for oversight. Significant decisions with regard to the spiritual life of the Church are taken by Church elders after consultation with other leaders. The trustees take responsibility for day yo day practical decisions. Matters of significance continue to be discussed with the wider Church via special meetings and through the small group structure. Trustees meet regularly as prescribed by the trust deed. Responsibility for the appointment of new trustees rests with the existing board of trustees. The trustees have acknowledged that the Treasurer has been facing significant demands on his time and to alleviate this a wider finan team has been created. Chris Strahan, an elder of the Church, served as the Church's pastor throughout the year, assisted by James Carr who was employed by the Church on a part time basis. Apostolic oversight" of the Church throughout the year was provided by Mr Keri Jones of Ministries Without Borders. Page 1
Kin s Communit Church Lancaster Re ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Significant activities Responsibility for pastoral care rested with Chris Strahan who was also responsible for overall leadership of the Church, assisted by James Carr, together with Rose Starkey and Katy Allen, both deacons in the Church throughout this period as well as Sarah Strahan, Hannah Carr and Ife Akintunde as part of the wider leadership team. Around 80 adults regularly attended the main Sunday meeting throughout the period. Grov¥th in student numbers in the period inflated attendance during University term time. The Church hosted a number of gospel outreach events during the year including a public Christmas Carol service, several family events both in the Church building and at the nearby Newton Estate as well as a "family film night" In addition, the Church hosted a "mission week" alongside a visiting team from Youth With A Mission (YWAM). During the year, a "Community Cafe" offering free refreshments was launched to provide a warm space" and opportunity for socializing for the community local to the Church building. A parent, baby and toddler group was relaunched during the year. The Church continued to have an involvement with the local branch of Christians Against Poverty. an organisation providing debt counselling services. The still growing reputation of the King's House facilities as a venue for meetings and small conferences led to consistent room hire activity with a local NHS trust operating a respiratory clinic from the building as well as counsellors utilizing rooms on a regular basis. Rooms within the building were also utilised by community groups and groups from Lancaster University from time to time. The charity's commitment to poor relief funding in Lancaster and overseas was maintained. The Church contributed to a Christmas appeal by The Olive Branch, a local Christian run food bank. Further donations were made in respect of poor relief both locally and internationally as well as donations to support the work of local charities and various projects around the world undertaken by Ministries Without Borders. The Church welcomed a number of visiting speakers during the year, including Tim Jones, Geoff Grice, James Topliss and Arne Skaagen. Page 2
Kin s Communit Church Lancaster Re ort of the Trustees for the Year Ended 31 March 2024 FUTURE PLANS It is the intention of the charity to continue to pursue the objects stated in its trust deed with regard to the propagation of the Christian faith throughout Lancaster and the surrounding areas. A number of outreach events have been planned for the coming year, including further community outreach events and gospel presentations as well as a two week mission in conjunction with YWAM. Further events are to be arranged around Easter and in the lead up to Christmas 2024. It remains the aim of the Church to continue to see the King's House used by the wider community as well as to retain a strong involvement in the various charitable activities outlined in the report. The area around the King's House property continues to be in the process of being re-developed to provide good quality student accommodation. The trustees continue negotiations with a developer who is seeking to acquire a small part of the existing Church building (known as the former "caretaker flat") in exchange for new, modern multi-purpose space and storage facilities of equivalent size within the proposed new development. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1008391 Principal address The King's House Phoenix Street Lancaster LA1 1DD Trustees Miss E Stoker C Strahan l Akintunde S Smith M Cook Independent Examiner Nathans Chartered Certified Accountants Trident Business Centre Amy Johnson Way Blackpool Lancashire FY4 2RP Page 3
Kin s Communit Church Lancaster Re ort of the Trustees for the Year Ended 31 March 2024 Approved by order of the board of trustees on 27 January 2025 and signed on its behalf by.. Miss E Stoker - Trustee Page 4
Inde Kin endent Examiner's Re ort to the Trustees of s Communit Church Lancaster Independent examiner's report to the trustees of Kings Community Church Lancaster I report to the charity trustees on my examination of the accounts of Kings Community Church Lancaster (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement 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.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Joseph Nathan Bannister FCCA Nathans Chartered Certified Accountants Trident Business Centre Amy Johnson Way Blackpool Lancashire FY4 2RP 27 January 2025 Page 5
Kin s Communit Church Lancaster Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 80,731 1,440 82,171 79,136 Other trading activities Investment income Other income 19,485 159 19,485 159 24,685 153 3,692 Total 100,375 1,440 101,815 107,666 EXPENDITURE ON Raising funds 2,729 2,729 Charitable activities Mission, Ministry & Worship Centre Expenses Poor Relief & Foreign Aid 57,670 43,842 57,670 43,842 97 50,056 50,724 11,794 97 Other 5,044 5,044 Total 109,285 97 109,382 112,574 NET INCOMEI(EXPENDITURE> {8,910) 1,343 (7,567) (4,908) RECONCILIATION OF FUNDS Total funds brought forward 729.663 1,231 730,894 735,802 TOTAL FUNDS CARRIED FORWARD 720,753 2,574 723,327 730,894 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 6
Kin s Communit Church Lancaster Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 701,179 390 701,569 702,186 CURRENT ASSETS Debtors Cash at bank 28.181 28,181 2,184 31,096 5,493 2,184 28,181 2,184 30,365 36,589 CREDITORS Amounts falling due within one year (8,607) (8,607) (7,881) NET CURRENT ASSETS 19,574 2,184 21,758 28,708 TOTAL ASSETS LESS CURRENT LIABILITIES 720,753 2,574 723,327 730,894 NET ASSETS 720,753 2,574 723,327 730,894 FUNDS Unrestricted funds Restricted funds 10 720,753 2,574 729,663 1,231 TOTAL FUNDS 723,327 730,894 The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2025 and were signed on its behalf by.. E Stoker - Trustee The notes form part of these financial statements Page 7
Kin s Communit Church Lancaster Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, 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 Charities Act 2011. 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. Taxation The charity is exempt from 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 8 continued...
Kin s Communit Church Lancaster Notes to the Financial Statements - continued for the Year Ended 31 March 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Room Hire YWAM 19,485 23,530 1,155 19,485 24,685 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 159 153 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 69,533 9,603 79,136 Other trading activities Investment income Other income 24,685 153 3,692 24,685 153 3,692 Total 98,063 9,603 107,666 EXPENDITURE ON Charitable activities Mission, Ministry & Worship Centre Expenses Poor Relief & Foreign Aid 41,069 50,724 11,794 8,987 50,056 50,724 11,794 Total 103,587 8,987 112,574 NET INCOMEI(EXPENDITURE) Transfers between funds (5,524) 1,000 616 (1,000) (4,908) Net movement in funds (4,524) {384) (4,908) Page 9 continued...
Kin s Communit Church Lancaster Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. continued Unrestricted Restricted fund fund Total funds RECONCILIATION OF FUNDS Total funds brought forward 734,187 1,615 735,802 TOTAL FUNDS CARRIED FORWARD 729,663 1,231 730,894 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Motor vehicles Totals COST At 1 April 2023 and 31 March 2024 700,000 37,477 75,723 2,231 815,431 DEPRECIATION At 1 April 2023 Charge for year 35,291 617 75,723 2,231 113,245 617 At 31 March 2024 35,908 75,723 2,231 113,862 NET BOOKVALUE At 31 March 2024 700,000 1,569 701,569 At 31 March 2023 700,000 2,186 702.186 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Gift aid debtor Prepayments and accrued income 2,915 28,033 148 28,033 148 28,181 31,096 Page 10 continued...
Kin s Communit Church Lancaster Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts (see note 9) Trade creditors Taxation and social security Other creditors 58 3,600 1,684 3,265 395 1,684 5,802 8,607 7,881 LOANS An analysis of the maturity of loans is given below: 31.3.24 31.3.23 Amounts falling due within one year on demand: Bank overdrafts 58 10. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 729,663 (8,910) 720,753 Restricted funds Restricted fund 1,231 1,343 2,574 TOTAL FUNDS 730,894 {7,567) 723,327 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 100.375 (109,285) (8,910) Restrictsd funds Restricted fund 1,440 (97) 1,343 TOTAL FUNDS 101,815 (109,382) (7,567) Page11 continued...
Kin s Communit Church Lancaster Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 734,187 (5,524) 1,000 729,663 Restrictsd funds Restricted fund 1,615 616 (1,000) 1,231 TOTAL FUNDS 735,802 (4,908) 730,894 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 98,063 (103,587) (5,524) Restricted funds Restricted fund 9,603 (8,987) 616 TOTAL FUNDS 107,666 (112,574) (4,908) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 734,187 (14,434) 1,000 720,753 Restricted funds Restricted fund 1,615 1,959 (1,000) 2,574 TOTAL FUNDS 735,802 (12,475) 723,327 Page 12 continued...
Kin s Communit Church Lancaster Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. MOVEMENT IN FUNDS - continued 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 198,438 (212,872) (14,434) Restricted funds Restricted fund 11,043 (9,084) 1,959 TOTAL FUNDS 209,481 (221,956) (12,475) 11. RELATED PARTY DISCLOSURES In the year to 31 March 2023, £12,000 was paid to Christopher Strahan (trustee) for his seNices relating to ministry after the retirement of the pastor (2022 £10.900). This has been agreed by the other trustees and will continue for as long as necessary. He does not receive any payment regarding his work as a trustee. The total aggregated donations given by trustees without conditions is £5,419 (2022 £13,559). A trustee, Christopher Strahan, has given a loan to the Church. The balance outstanding at 31 March 2023 is £2,000 (2022 - £276). No interest is charged on this loan and is repayable at the Church's convenience. Page 13