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2024-12-31-accounts

Charity registration number 1038793 (England and Wales)

KING'S CHURCH KESWICK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

KING'S CHURCH KESWICK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A Wightman Mrs C Morgan Mr N Lockwood Charity number (England and Wales) 1038793 Principal address 61 Trinity Way Keswick Cumbria CA12 4HZ Independent examiner Armstrong Watson LLP Carleton House 136 Gray Street Workington Cumbria CA14 2LU

KING'S CHURCH KESWICK

CONTENTS

Page
Trustees report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 13

KING'S CHURCH KESWICK

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

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 governing document, the Charities Act 2011 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

Kings Church is a Registered Charity operating within the terms of its Constitution (first approved by the Charity Commission in 2004) and updated and approved again in 2007. Its finance and governance are independently discharged by its Trustees and Elders. Kings Church is affiliated to the Newfrontiers Group of Churches (Christ central) who supply guidance and support as requested.

Kings Church Keswick’s primary objective is to promote the biblical Christian Faith for the public benefit and it seeks to do this through the avenues shown below:-

Angus Wightman continues to support local primary and secondary schools, making an active input both to their assemblies and classroom activities

Management of the Church and its finances

The church’s financial affairs are not complex and are principally concerned with the management of its cash flow against monthly receipts and payments. It has no investments and only limited material assets. The responsibility for the management of Kings Church and its finances rests with the Elders and Trustees.

Angus Wightman continued in his role as the paid Elder and Chair of the Trustees; However, due to the severe reduction in Church income, he has reduced his working days by two per week. Angus is supported in his role by two unpaid Trustees, Nimrod Lockwood and Christine Morgan. Susan Higson serves as Secretary to the Trustees. The Treasurer, Brenda Tsintas, manages and banks the church’s cash receipts and pays the bills. Church finances are overseen by Christine Morgan who is chair of the remunerations committee.

Because of the nature of Kings Church’s operations, the Trustees’ policy is to retain a significantly low-risk bank balance. At the end of 2024, Kings Church had a composite bank balance of £55,402.14 in its accounts at Barclays Bank. At the end of 2023, this sum stood at £34,051.34 – a net movement in funds of £21,350.80 over the period covered by this report.

KING'S CHURCH KESWICK

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Gifts received and made by KCK to other churches and Christian Charities

The greater part of Kings Church’s income in 2024 came from the customary tithes and gifts of its members. No grants were solicited or received from any external charities.

From a total income of £66,237.25 (including Gift Aid refunds) the Church gave away £8,450.00; equivalent to 12.8% of this total. This included donations to Keswick Foodshare, Destiny House Children’s Home (South Africa) and Two’s Company befriending scheme.

From members committed giving, the Church also made 12 consecutive monthly transfers in favour of the following two Charities: -

to Newfrontiers/Christcentral - a total of £2,400

and to Dihlabeng Church School - a total of £1,200

The Church’s Youth Activities in 2024

Our youth ministry in 2024 had a mainly internal emphasis, focusing on Sunday children’s work and Breakthru activities.

Employees and voluntary workers

Leadership of our young people’s work continued under the auspices of Andrea Wightman, Nicky Sleath and Jo Jardine working closely with Angus Wightman. They are assisted by other women from the church.

Safeguarding Policy

The Church Trustees operate a written Safeguarding Policy. Around 10 volunteer church members are, to varying extents, involved in a range of participative activities with young persons from infant to teenage years. All such helpers are subject to DBS checks via Thirtyoneight, formerly Churches Child Protection Advisory Service.

Risk Assessment

Kings Church operates its own internal safety policy and relevant procedures.

Church Ministry

The Church Elder and leaders promote the biblical Christian faith through a programmed series of events during the year. Sunday Morning Services have been held at St. Herbert’s School, Trinity Way, Keswick. There is a midweek meeting for fellowship, prayer and Bible study. In addition, several Friendship groups meet regularly for prayer, mutual support and recreational activities. Bible teaching is woven into all church programmes.

Grateful acknowledgements

We express sincere gratitude to all those local citizens and friends who have continued to give financial and other aid and encouragement to the work of Kings Church over the past year. Especially, we thank all our own Church members who so generously devote their time, money and effort to serve their Church and community.

The trustees report was approved by the Board of Trustees.

.......... Angus Wi ~~g .~~ htman (Mar 10, 2025 16:41 GMT) ................... Mr A Wightman Trustee

10/03/2025

Date: .............................................

KING'S CHURCH KESWICK

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KING'S CHURCH KESWICK

I report to the trustees on my examination of the financial statements of King's Church Keswick (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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.

Steven Kirkbride

Steven Kirkbride (Mar 19, 2025 21:33 GMT)

Steven Kirkbride BFP ACA ATT MAAT

Armstrong Watson LLP

Carleton House 136 Gray Street Workington Cumbria CA14 2LU Date: ............................19/03/2025

KING'S CHURCH KESWICK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
65,347
1,266
Investments
4
359
-
Total income
65,706
1,266
Expenditure on:
Charitable activities
5
43,644
1,681
Total expenditure
43,644
1,681
Net income/(expenditure)
22,062
(415)
Transfers between
funds
2,610
(2,610)
Net movement in
funds
24,672
(3,025)
Reconciliation of funds:
Fund balances at 1 January
2024
33,884
4,716
Fund balances at 31
December 2024
58,556
1,691
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
66,613
66,042
-
359
130
-
66,972
66,172
-
45,325
51,393
16
45,325
51,393
16
21,647
14,779
(16)
-
(25)
25
21,647
14,754
9
38,600
19,130
4,707
60,247
33,884
4,716
Total
2023
£
66,042
130
66,172
51,409
51,409
14,763
-
14,763
23,837
38,600

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

KING'S CHURCH KESWICK

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
13
Unrestricted funds
14
2024
£
5,783
55,403
61,186
(1,963)
£
1,024
59,223
60,247
1,691
58,556
60,247
2023
£
5,568
34,052
39,620
(2,244)
£
1,224
37,376
38,600
4,716
33,884
38,600

The financial statements were approved by the trustees on .........................19/03/2025

N Lockwood (Mar 19, 2025 21:08 GMT)

..............................

Mr N Lockwood Trustee

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

King's Church Keswick is a Registered Charity operating within the terms of its Constitution (first approved by the Charity Commission in 2004) and updated and approved again in 2007. Its finance and governance are independently discharged by its Trustees and Elders. Kings Church is affiliated to the New Frontiers Group of Churches (Christ Central) who supply guidance and support as requested. .

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)". 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 not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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, [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 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.

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 charity.

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 or deeds of covenant is recognised at the time of the donation.

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

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.

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:

Equipment

15% 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 fixed 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 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.

1.9 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.

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

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.

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 charity’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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

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

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.

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations from individuals
12,903
1,266
Regular giving and capital donations
41,887
-
Gift aid reclaimed
10,557
-
Donations from trusts and other organisations
-
-
65,347
1,266
Total
Unrestricted
funds
2024
2023
£
£
14,169
10,272
41,887
36,577
10,557
9,193
-
10,000
66,613
66,042
Total
Unrestricted
funds
2024
2023
£
£
14,169
10,272
41,887
36,577
10,557
9,193
-
10,000
66,613
66,042
66,042

4 Investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable on bank deposits 359 130

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Expenditure on charitable activities

Unrestricted
Restricted
2024
2024
£
£
Direct costs
Staff costs
28,240
-
Depreciation and
impairment
185
15
Advertising
165
-
Accountancy
2,162
-
Rent
3,363
-
Insurance
703
-
Pavillion Youth Work
248
916
Telephone & Fax
-
-
Computer software &
Maintenance costs
60
-
Sundry expenses
843
-
Events & Conferences
-
-
35,969
931
Grant funding of activities
(see note )
7,675
750
43,644
1,681
Analysis by fund
Unrestricted funds
43,644
-
Restricted funds
-
1,681
43,644
1,681
Total
Unrestricted
Restricted
2024
2023
2023
£
£
£
28,240
38,965
-
200
219
16
165
125
-
2,162
2,060
-
3,363
3,470
-
703
762
-
1,164
314
-
-
20
-
60
89
-
843
761
-
-
519
-
36,900
47,304
16
8,425
4,089
-
45,325
51,393
16
43,644
51,393
-
1,681
-
16
45,325
51,393
16
Total
2023
£
38,965
235
125
2,060
3,470
762
314
20
89
761
519
47,320
4,089
51,409
51,393
16
51,409

6 Trustees

One of the trustees received the following remuneration or benefits from the charity during the year.

Mr A Wightman

Mr A Wightman received remuneration of £27,599 (2023: £35,860) and reimbursed expenses of £0 (2023: £0).

7 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
1 2

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7
Employees
Employment costs
Wages and salaries
Other pension costs
(Continued)
2024
2023
£
£
27,599
38,076
641
889
28,240
38,965
(Continued)
2024
2023
£
£
27,599
38,076
641
889
28,240
38,965
38,965

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

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

9 Tangible fixed assets

Leasehold
land and
buildings
Equipment
£
£
Cost
At 1 January 2024
31,042
9,477
At 31 December 2024
31,042
9,477
Depreciation and impairment
At 1 January 2024
31,042
8,253
Depreciation charged in the year
-
200
At 31 December 2024
31,042
8,453
Carrying amount
At 31 December 2024
-
1,024
At 31 December 2023
-
1,224
10
Debtors
2024
Amounts falling due within one year:
£
Other debtors
5,256
Prepayments and accrued income
527
5,783
Total
£
40,519
40,519
39,295
200
39,495
1,024
1,224
2023
£
4,855
713
5,568

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Creditors: amounts falling due within one year

11
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income
12
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
2024
£
327
1,636
1,963
2024
£
641
2023
£
704
1,540
2,244
2023
£
889

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.

13 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming Resources Transfers At 31
2024 resources expended December
2024
£ £ £ £ £
Kids Ministry 298 - (18) (215) 65
Youth Activities KCK 4,418 616 (1,663) (1,975) 1,396
Denstiny House - 420 - (420) -
Food Share - 230 - - 230
4,716 1,266 (1,681) (2,610) 1,691
Previous year: At 1 January Incoming Resources Transfers At 31
2023 resources expended December
2023
£ £ £ £ £
Kids Ministry 314 - (16) - 298
Youth Activities KCK 4,418 - - - 4,418
Modeihi (25) - - 25 -
4,707 - (16) 25 4,716

KING'S CHURCH KESWICK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Transfers At 31
2024 resources expended December
2024
£ £ £ £ £
General funds 33,884 65,706 (43,644) 2,610 58,556
Previous year: At 1 January Incoming Resources Transfers At 31
2023 resources expended December
2023
£ £ £ £ £
General funds 19,130 66,172 (51,393) (25) 33,884

15 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 December 2024:
Tangible assets
959
65
Current assets/(liabilities)
57,597
1,626
58,556
1,691
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 December 2023:
Tangible assets
1,144
80
Current assets/(liabilities)
32,740
4,636
33,884
4,716
Total
2024
£
1,024
59,223
60,247
Total
2023
£
1,224
37,376
38,600