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2020-10-31-accounts

KING’S CHURCH INTERNATIONAL

charity number 1039958

TRUSTEES’ REPORT

AND ACCOUNTS

year ended 31 October 2020

TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Contents page
TRUSTEES’ REPORT 1-8
AUDITORS’ REPORT 9-10
ACCOUNTS
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Accounts 14-27

TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

1 About King’s Church International

King’s Church International is a non-denominational church based in the Thames Valley in the UK.

The charity is governed by a trust deed, registered with the Charity Commission (charity number 1039958) and incorporated under a certificate of incorporation (issued by the Charity Commission pursuant to section 251 of the Charities Act 2011).

2 Objectives and activities

Objects

The objects of the charity are set out in its governing document and can be summarised as:

Aims

Our principle aims outlined below are based on Jesus’ words: ‘Love the Lord your God with all your heart and with all your soul and with all your mind. This is the first and greatest commandment. And the second is like it: Love your neighbour as yourself.’ (Matthew 22:37-39)

Objectives Our objectives for 2021 are to:

Strategies Our strategies are designed to support the core aims and objectives of the charity:

  1. Grow quality small groups of disciples that follow Jesus.

  2. Develop and release strong leaders.

  3. Mobilise and empower the next generation.

  4. Provide excellent training and development.

  5. Hold dynamic and inspiring church services.

  6. Plant and partner with other churches and organisations to spread the message of Christianity.

  7. Bring people together through conferences that champion the cause of the local church.

  8. Empower and release creativity in the arts, media and music.

  9. Serve people and meet needs where we find them.

  10. Be a positive influence in the marketplace and society with Christian principles and values.

  11. Maximise all types of communications, media and technology to spread the gospel in a way that is dynamic, relevant and accessible.

  12. Focus on the development of equipped and empowered teams across the organisation.

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Our strategies specific to The King’s House School, Windsor are to:

  1. Provide an education whose values and approach are based on a Biblical worldview.

  2. Prioritise people: firstly the well-being of the children at the school, as well as their families, our staff and supporters.

  3. Provide an excellent education by fully upholding Department for Education and Independent Schools Inspectorate Standards, by utilising the ‘ACE’ curriculum as well as the national curriculum, and by maintaining continuous improvement through monitoring innovation in education.

The trustees confirm that when reviewing the charity’s aims, and planning its objectives and activities, consideration has been given to the Charity Commission’s guidance on public benefit including the supplementary guidance regarding the advancement of religion. The activities set out below demonstrate the many benefits provided by the charity and made available to the public.

Activities

The charity runs local church activities as well as activities to serve the worldwide church:

Local Weekend services church

Our Sunday services welcome people from all backgrounds and age groups and include dedicated programmes for youth and children. This includes a transition to online services during times where physical meetings were not possible due to the COVID-19 pandemic.

Small groups in the local community

Our weekly small groups are at the core of our pastoral care, support and development of individuals and families. There are diverse groups that meet across the Thames Valley for all ages and stages of life including children and youth, men and women, singles and families, and those in the later years of life.

Media and communications to reach a global audience

Modern media and communications are used to share the church’s message with a wider audience in the local area, nationally and around the globe; using multiple media channels (including websites, email, podcasts, a mobile app, YouTube, Instagram and Facebook) to make the message of Jesus accessible to all.

Events & courses to support the church and community

Events and courses are run to support church members and local communities including Welcome Events, Life Class (an introduction to living the Christian life), Baptismal Services, Destiny Training (a leadership training course), conferences for men, women and youth and camps for children and young adults.

Pastoral ministries

The church provides support to many people through the major milestones of life including birth, marriage and death and bereavement.

Community ministries

We also serve our local communities by running a Christian community of affordable accommodation in our King’s House property supporting those in the formative stages of life. Other practical support for individuals and families includes food rotas, childcare, hospital visitation and prayer support.

Education in The King’s House School, Windsor the UK The charity operates a primary school for the Windsor community: an independent co-educational day school with a capacity for up to 75 pupils. The school provides an integrated Christian education to children aged between 3 and 11 years that incorporates academic learning, character development, Biblical teaching and the positive experience of an affirming Christian community.

Partnerships G12 UK network of churches & conferences The annual G12 conference for churches who are part of the international G12 network, which the charity hosts, was postponed for 2020 due to the COVID-19 pandemic restrictions. The church’s Senior Pastor, Wes Richards, is also the G12 Co-ordinator for the UK and in this role he, and others of the charity’s staff, provide support to other churches that are implementing the G12 model.

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Other Partnerships

King’s Church International works in close relationship with King’s Church International in South Africa and in partnership with charities and churches in Burkina Faso and elsewhere. We also work with other organisations around the globe, and ten per cent (a ‘tithe’) of our unrestricted donations income is set aside in a Designated Missions Fund to support other churches, relief and development work, and Christian projects in education.

GrantGrants are made predominantly to other Christian organisations: to support churches, relief and development making work and Christian projects in education and housing. Grants from the charity’s Care Fund are made to individuals in financial need – emulating the early church in the way it cared for its poorer members. Requests for grants are assessed against the following criteria:

An analysis of the grants made is recorded in the notes to the accounts.

Volunteers All the charity’s activities are facilitated in some respect by dedicated volunteers, several hundred of whom give their time to assist in some way – for example fulfilling a role at the Sunday morning services, running a small group, assisting in the church office or working with children or youth.

A voluntary internship is offered to those who want to give more substantial volunteer hours in service of the church and local community: typically, three days per week. The programme lasts for a year and participants are provided with training seminars and on-the-job coaching together with the opportunity to serve for a short period with one of our overseas partners. Interns provide a significant contribution to the charity’s activities. They themselves develop valuable skills and an understanding of their own abilities and potential while working alongside people with experience and high standards in a motivated, inspirational and affirming environment.

3 Achievements and performance

Achievements and performance
Objectives for 2020 Achieved
Multiply our church leadership by each of the
12-strong leadership team now forming their
own team of 12.		 The church leadership team all made substantial progress towards establishing
their own teams of 12: and we expect will complete this process in 2021
Multiply our church service attendance to over
1000 so that more people can hear the
Christian message.		 COVID-19 restrictions prevented physical services from March 2020, so we
transitioned to online services which averaged over 1,600 views including 293
live (each view often representing a whole family watching together).
In addition, online weekly prayer meetings were launched. 31 of these took
place in the period with 450-500 people attending each event.
Multiply our impact on people’s lives by
expanding the Life Class and Destiny Training
courses.		 During the year two online courses were held for Life Class totalling 184
attendees (2019: 134) and two Destiny Training courses were run with a total
of 76 attendees.
Multiply our venues so that growth is not
constrained by the buildings we use.		 An additional £23,000 was raised for church property, increasing our Property
Fund to £881,000 (note 15) while research for possible locations continues.
Develop our programme of grant-making to
the poor and needy, responding quickly to
needs that arise.		 Our grant-making was significantly expanded to £110,000 (2019: £54,000)
including major COVID-19 response grants of £43,000 in South Africa and
£25,000 in Colombia. Existing grant programmes were continued including for
education in Burkina Faso and relief work in Malawi and Israel (note 7).

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Objectives for 2020 Achieved
Continue to develop excellence in The King’s
House School, Windsor through a review of
its governance, staff structure and staff
training.		 The School Board was strengthened through the appointment of six new
governors and a new chair. Teachers and governors received training
appropriate to their roles to ensure the continued raising of standards. A new
operations manager was appointed to improve processes and provide support
for the head teacher.
The home learning partnership through the COVID-19 pandemic was very
successful with external assessments in May 2021 showing almost all pupils
achieved average, high average or very high scores in Maths, English,
Science, Spelling and Reading.

4 Plans for future periods

The charity plans to continue its current strategies to reach increasing numbers of people both locally and globally with the love of Christ, to see The King’s House School, Windsor expand steadily in the provision of excellent Christian education and to work towards having a new property for its church activities. The main objectives for 2021 are set out on page 1.

5 Financial review

Financial The financial goals for the year were to finance all existing activities and strengthen reserves by £55,000 to Objectives £195,000; and to achieve this through a small growth in unrestricted donations and by reducing costs. and With the sudden arrival of the COVID-19 lock-down in March 2020 a rapid re-planning was undertaken to Overview minimise costs and protect the charity’s finances in the face of uncertainty over future income levels.

The strength of commitment from our donors meant voluntary income remained impressively resilient, flexibility in our venue contracts enabled a swift reduction of venue costs and the reduction in voluntary income that did occur was compensated in significant part by the government’s Coronavirus Job Retention Scheme. The most significant loss of income was from the cancellation of our annual conferences and this was fully compensated by the saving in conference costs.

Income Total income for the year was £1,404,000 (2019: £1,518,000). By far the most significant cause of the reduction in income was the cancellation, due to COVID-19, of our annual conferences (the G12UK conference and KCI local church conferences): a reduction which was fully compensated by the absence of conference costs. Income attributable to conferences was zero (2019: £67,000 voluntary income plus £88,000 income from activities).

Total voluntary income was £1,117,000 (2019: £1,191,000) which comprised (note 2):

The charity’s other main sources of income were:

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Expenditure Total expenditure for the year was £1,248,000 (2019: £1,397,000). This included conference costs of only £4,000 (2019: £124,000) following cancellation of these events (both G12UK and KCI church conferences) due to COVID-19. Regular costs were also reduced as the charity sought to protect its finances in the face of the uncertainty brought by COVID-19:

Of the above cost savings £43,000 were attributable to staff costs (note 6) which were reduced by 5% to £786,000 (2019: £829,000) as the number of staff was reduced to 18.4 (2019: 19.9) full-time equivalents.

Financial The reduction in costs, especially from the transition from physical to video meetings, exceeded the Result, reduction in income, resulting in a surplus of £156,000 (2019: £121,000) increasing total funds to £3,435,830 (2019: £3,279,566) the main components of which are (note 15): Funds and Reserves • Property funds of £881,054 (2019: £858,223) which increased by £21,000 (2019: £64,000) as we continue to grow resources to enable church activities to have their own dedicated property(s).

To ensure there are adequate funds for the charity’s activities, our policy is that Reserves should amount to between 1 and 4 months’ expenditure (net of depreciation). At 31[st] October 2020 Reserves (the General Fund excluding tangible fixed assets and the loans secured on those assets) amounted to £257,000 (2019: £140,000). The increase of £117,000 exceeded the charity’s objective to raise reserves by £55,000 reflecting cost savings made as well as the continued strength of unrestricted donations. Based on the budget for the year ahead, Reserves at 31[st] October 2020 equated to 2.9 months’ expenditure (2019: 1.4 months) giving the charity a secure financial position for the future.

Investments The Property Fund is invested in interest earning bank deposits. The return on these investments is reviewed periodically to ensure a good rate is being earned. The charity continues to investigate possible properties for the expansion of its activities and the funds are therefore kept in a relatively liquid form so they can be accessed if required.

6 Structure, governance, management and advisors

King’s Church International is a charitable trust governed by a trust deed dated 27 March 1994 and is run by a Board of Trustees. The trustees delegate the day-to-day running of the trust to senior management.

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Trustees Terry Beasley (retired 8[th] October 2020) Christine Humphrey (retired 8[th] October 2020) Jim Treherne (retired 8[th] October 2020) Brenda Johnston Maria Magembe Richard Kay Tim Holmes-Clough Ed Turkington (appointed 8[th] October 2020) Mike Airey (appointed 22[nd] October 2020) Graham Mockett (appointed 17[th] June 2021) Appointment Trustees may be appointed by a formal memorandum of the spiritual leaders of the church. Trustees serve of Trustees for a period of two years and may offer themselves for reappointment. Trustees must be members of the church and accept the doctrines set out in the fourth schedule of the Trust Deed. Trustee All new trustees attend training which covers the responsibilities of trustees as well as the objects, Training governing document and governance structure of the charity. They are also required to read the Charity Commission guidance ‘The Essential Trustee’ and encouraged to read their other publications. DecisionThe strategic decisions of the charity are taken by the Board of Trustees. The Board of Trustees appoints making committees, comprising both trustees and people with relevant expertise, to consider specific subjects and make recommendations to the Board. Remuneration The Remuneration Committee bench-marks remuneration packages for all staff and advises the trustees on remuneration decisions. The Remuneration Committee is comprised entirely of non-employees. The key management personnel of the charity comprise its Board of Trustees and senior managers. Trustees give their time voluntarily and no recompense is made for their role as trustees. Details of trustee expenses and other transactions with trustees are disclosed in note 16 to the accounts. Remuneration for senior managers is reviewed annually by the Remuneration Committee. Its recommendations are submitted to the Trustee Board who approve the remuneration packages. When setting remuneration for senior managers consideration is given to their experience, expertise, skills, competencies, impact, influence, scope and management responsibility. Remuneration decisions take due note of comparable national benchmarks and aim to be fair, reasonable and affordable; and to recognise the value of each individual’s contribution to the charity’s performance.

Risk The charity maintains a risk register ranking risks according to likelihood and severity; and operates a risk Management management policy for reducing and controlling risks. The principle risks and uncertainties it faces are: COVID-19 During the year the COVID-19 pandemic posed new challenges including the risk we might not be able to continue key activities, and potential risks to income and to the health of our staff and beneficiaries. To address the risk to staff health, personnel worked from home while the virus threat was significant. Premises management is the only regular task that necessitates a physical on-site presence and safety measures were in place at all times for the small number of staff involved.

Many of our activities, such as church services, mid-week groups and The King’s House School, Windsor, hitherto involved physical proximity between many people which would risk virus transmission. All church meetings (including services, prayer meetings and mid-week groups) therefore transitioned to online video to address this risk. The numbers participating in these activities grew and are actually greater now than before the pandemic. The King’s House School, Windsor’s curriculum strategy already involved a high level of self-study, and so it was able to transition swiftly and successfully to home-based education with teachers providing remote support. All our regular activities have therefore been able to operate at their

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

normal level even during COVID-19 restrictions. The only significant events cancelled due to the pandemic were our annual conferences. These were cancelled promptly enough to avoid any significant costs.

COVID-19 impacted the finances of many individuals in society and therefore heightened financial risks to our charity, as we rely heavily on voluntary income. To manage this risk, the measures discussed below (regular income reporting to facilitate prompt action when required) are therefore being adhered to stringently. Moreover online meetings are cheaper to run than physical meetings so cost savings have been made which has been a significant mitigating factor to the financial risk posed by the pandemic.

A reliance on voluntary donations

Voluntary giving accounts for over 75% of the charity’s income and would be affected by a change in the number of, or financial circumstances of, donors. This risk is mitigated by the very stable and committed nature of the church’s supporter base: most donors give consistently on a monthly basis and are committed to the principle of tithing: giving at least 10% of their income to the local church. Measures to reduce risk include the preparation of weekly and monthly income reports so management can take prompt action if giving trends alter; and financial updates being given at several church meetings through the year providing a mechanism for donors to respond promptly to any financial challenges and giving them a sense of partnership in the charity’s financial health. The charity also operates a strong budgeting system to ensure costs are kept in line with income and discretionary expenditure is reviewed regularly so spending is only authorised when income is sufficient.

The safety of children

Through the King’s House School, Windsor and its church activities for children and youth, the charity provides many services to children. Keeping children safe from harm is a top priority and the charity has therefore implemented a Safeguarding Policy for Children and Young People. This includes regular mandatory safeguarding training and Disclosure and Barring Service checks for all staff involved in children’s activities and all those with a senior position in the charity. The Board of Trustees monitor safeguarding measures to ensure the Safeguarding Policy is being fully implemented.

Importance of the senior leadership team

The church’s growth, charity’s strong momentum, and donors’ loyalty are in large part due to the inspirational and visionary leadership of the church’s Senior Pastors. The risk of losing such leadership has therefore been mitigated by developing a strong team of spiritual leaders including pastors; and by a policy that, when a group is travelling, pastors do not all travel together.

Spiritual The spiritual leaders of the church comprise the Senior Pastors, Wes and Adriana Richards, together with Leaders a team of twelve men and twelve women who oversee the pastoral care of church members and the programme of Christian teaching and provide spiritual direction to the church.

The trustees recognise that the spiritual leaders are the spiritual authority of the church. The spiritual leaders recognise that the trustees are the legal custodians and administrators of the trust funds. The trustees have the responsibility to administer the trust funds, and undertake this in full recognition of the spiritual guidance provided by the church’s spiritual leaders. It is the policy of King’s Church International to ensure that the trustees and spiritual leaders fully co-operate in the most effective way in order to fulfil the stated objects of the trust taking into account their respective responsibilities. Having assessed the practical implications involved in fulfilling the spiritual direction given by the church’s spiritual leaders, the trustees create, maintain and oversee the accounting structures, reporting structures, policy statements and working practices.

Senior The senior managers to whom the trustees delegated day-to-day running of the charity during the year are: Managers AW Richards and A Richards, Senior Pastors JP Richards, Pastor and Head of Operations PD Webb, Head of Finance L Harding, Head of The King’s House School, Windsor

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TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2020

KING’S CHURCH INTERNATIONAL

Principal Advisors

Auditors

Saffery Champness LLP, St John’s Court, Easton Street, High Wycombe HP11 1JX

Principal Legal Advisors

Wilsons Solicitors LLP, 4 Lincoln's Inn Fields, London WC2A 3AA

Principal Bankers

Royal Bank of Scotland, Drummond House, 1 Redheughs Avenue, Edinburgh EH12 9JN

7 Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts & Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by The Trustees of King's Church International on 23[rd] August 2021 and signed on their behalf by

MH Airey, Trustee

King’s Church International, King’s House, 77A Frances Road, Windsor, Berkshire SL4 3AQ

Page 8

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

KING’S CHURCH INTERNATIONAL

Opinion

We have audited the financial statements of King’s Church International for the year ended 31 October 2020 which comprise Statement of Financial Activity, Balance Sheet, Statement of Cash Flows and Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors’ report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Page 9

KING’S CHURCH INTERNATIONAL

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 8, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Saffery Champness LLP

St Johns Court Easton Street High Wycombe Buckinghamshire Chartered Accountants HP11 1JX Statutory Auditors Date: 24 August 2021

Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 10

STATEMENT OF FINANCIAL ACTIVITIES year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

note
Income and endowments from:
Donations and legacies
2
Charitable activities
Local church
Education in the UK
Partnerships & conferences
Other trading activities
Fundraising events for The King's House School
Investments
Other
3
Total income
Expenditure on:
Raising funds
Raising donations and legacies
Expenditure on other trading activities
Investment management
Charitable activities
Local church
Education in the UK
Partnerships & conferences
Total expenditure
4
Net income / -expenditure
Transfers between funds
14,15
Net movement in funds
15
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Restricted
Total
funds £
funds £
funds £
946,633
169,923
1,116,556
42,942
-
42,942
155,634
-
155,634
-
51
51
-
171
171
454
336
790
87,692
-
87,692
1,233,355
170,481
1,403,836
9
-
9
-
-
-
241
-
241
712,517
2,302
714,819
274,020
42,948
316,968
126,808
88,727
215,535
1,113,595
133,977
1,247,572
119,760
36,504
156,264
- 2,238
2,238
-
117,522
38,742
156,264
2,381,053
898,513
3,279,566
2,498,575
937,255
3,435,830		 2019
£
1,191,046
85,025
185,061
56,025
528
507
-
1,518,192
378
33
248
799,799
340,005
256,247
1,396,710
121,482
-
121,482
3,158,084
3,279,566

Page 11

BALANCE SHEET at 31 October 2020

KING'S CHURCH INTERNATIONAL

Unrestricted Restricted Total 2019
note funds £ funds £ funds £ £
Tangible assets 8 3,142,970 - 3,142,970 3,149,151
Investments 9 - 173,070 173,070 148,756
Total fixed assets 3,142,970 173,070 3,316,040 3,297,907
Stocks 5,594 - 5,594 1,952
Debtors 12 57,340 13,084 70,424 74,597
Cash 305,700 71,101 376,801 237,494
Total current assets 368,634 84,185 452,819 314,043
Creditors: due within one year 13 - 123,341 - - 123,341 - 114,685
Net current assets 245,293 84,185 329,478 199,358
Creditors: due after one year 13 - 209,688 - - 209,688 - 217,699
Inter fund loan 14 - 680,000 680,000 - -
TOTAL NET ASSETS 2,498,575 937,255 3,435,830 3,279,566
The funds of the charity:
Property Fund 15 881,054 858,223
Other restricted funds 15 56,201 40,290
Total restricted income funds 15 937,255 898,513
General Fund 15 2,495,972 2,378,450
Other unrestricted funds 15 2,603 2,603
Total unrestricted funds 15 2,498,575 2,381,053
TOTAL CHARITY FUNDS 15 3,435,830 3,279,566

These accounts were approved by The Trustees of King's Church International on 23[rd] August 2021 and signed on their behalf by: MH Airey, Trustee On

Page 12

STATEMENT OF CASH FLOWS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

note
Cash flow from operating activities
Cash flow from investing activities
Investment interest received
Purchase of tangible fixed assets
8
Cash flow from financing activities
Loan repayments
Decrease / increase in cash and cash equivalents
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
Reconciliation of net -expenditure / income to cash flow from operating activities
Net income / -expenditure
Depreciation
8
Interest expense
Investment income
Decrease in stock
Decrease in debtors
Increase in creditors
Cash flow from operating activities
Analysis of changes in net debt
note
2019 £
Investments held as cash
9
148,756
Cash included within current assets
237,494
Cash and cash equivalents
386,250
Debt due within one year
13
- 13,151
Debt due after one year
13
- 217,699
Borrowings
- 230,850
Net debt
155,400		 2020
£
184,568
790
- 9,256
- 8,466
- 12,481
- 12,481
163,621
386,250
549,871
2020 £
156,264
15,437
5,921
- 790
- 3,642
4,173
7,205
184,568
Cashflows £
24,314
139,307
163,621
- 1,451
8,011
6,560
170,181		 2019
£
201,107
507
- 3,437
- 2,930
- 703,698
- 703,698
- 505,521
891,771
386,250
2019 £
121,482
23,344
8,410
- 507
2,235
46,613
- 470
201,107
2020 £
173,070
376,801
549,871
- 14,602
- 209,688
- 224,290
325,581

Page 13

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

1 Accounting policies

Basis of preparation

These accounts have been prepared using the historical cost basis of accounting and in accordance with the Charities Acts 2011, with FRS 102 and with the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and the Republic of Ireland. King’s Church International meets the definition of a public benefit entity under FRS 102. There are no material uncertainties about the charity’s ability to continue as a going concern.

Incoming resources

Income is accounted for as soon as the charity is entitled to it, the receipt is probable and the amount can be quantified.

Donations and legacies

Most donations are therefore accounted for in the period they are received. Gift Aid on donations is accounted for in the same period as the donation to which it relates.

For legacies, entitlement is taken as the earlier of: the date the money is received or the date the charity is aware probate has been granted and notification has been received from the executor(s) that a distribution will be made. Furthermore legacy income is only regarded as probable once any conditions attached to it have been met or are within the control of the charity.

Donated assets and services

Assets donated to the charity are included in the accounts at their market value at the date of the gift. Services donated by commercial organisations are accounted for at commercial market value in the period in which they are performed. The charity also benefits from many hours of service by many committed individual volunteers. No amounts are included in the accounts for these services as they cannot be quantified with reasonable accuracy.

Interest income is accounted for in the period in which it was earned.

Income from activities

Income from activities is accounted for in the period when the activity generating the income takes place. School fees are charged on a monthly basis and income is recognised in the month to which it relates.

Resources expended

Recognition of liabilities

Costs are accounted for on an accruals basis.

Grants made

Grants made are accounted for when they are paid, or if a commitment to pay is communicated to the recipient, they are accounted for when that communication occurs.

Classification of expenditure

Costs are classified using the headings prescribed by SORP 2015. Staff costs are allocated to these headings based on an estimate of the time spent by each person.

Costs of raising funds

Investment management costs include an estimate of the time spent by senior staff in managing the charity's investments.

Costs of charitable activities

Costs of charitable activities are the costs of the activities described in the Trustees' Report.

Page 14

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

1 Accounting policies (continued)

Support costs (including Governance)

Costs such as accounting or IT do not form part of the charitable activities but provide a support to them. These costs are allocated to the relevant charitable activities, or other expenditure headings, as explained in note 5.

Governance costs form part of Support costs and relate to the public accountability of the charity and its compliance with statutory requirements. They include the cost of preparing the annual accounts, the annual audit, legal and other professional advice taken by the trustees, and any costs of trustee meetings. They also include the cost of staff time spent on these activities.

Tangible fixed assets

Assets that are to be used over several years and costing more than £2,000 are capitalised at cost and depreciated over their estimated useful life:

Audio-visual equipment is depreciated over 3 to 5 years.

Computers and office equipment are depreciated over 2 to 5 years.

Land is not depreciated.

Buildings are not being depreciated as their residual value is considered not to be materially below historic cost. Building improvements are depreciated over 2 to 5 years.

Modular buildings (including those made from Structured Insulated Panels) are depreciated over 10 years.

The carrying value of fixed assets is reviewed at least once a year so that, if applicable, any impairment in value can be reflected in the accounts.

Fund accounting

Restricted funds

Donations or grants given to the charity for a specific purpose are held in a restricted fund and applied only for the purposes specified by the donors. Any interest earned on cash or investments belonging to a restricted fund are added to that fund. The restricted funds are listed and described in note 15.

Unrestricted funds

All funds other than restricted funds are shown as unrestricted funds.

Leases

Rentals from operating leases (where substantially all the benefits and risks of ownership remain with the lessor) are accounted for as they are incurred.

Pension costs

The charity contributes to a defined contribution workplace pension plan for its employees. The contributions are accounted for in the period the employee earned the entitlement to them.

Redundancy costs

The cost of any staff redundancy is accounted for when the decision has been made and the employee has been informed and the amount can be calculated with reasonable accuracy.

VAT

The charity is not able to recover the VAT it is charged by suppliers. Consequently VAT is treated as an expense and charged against the same category and period as the purchase to which it relates.

Page 15

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

2 Income from donations and legacies
Unrestricted
Restricted
Total
funds £
funds £
funds £
Donations from individuals
946,633
131,609
1,078,242
Grants received
from King's Church International in South Africa
-
5,000
5,000
from churches partnering in G12 UK conferences
-
4,111
4,111
from other churches for COVID-19 relief work
-
29,203
29,203
Total grants received
-
38,314
38,314
946,633
169,923
1,116,556
King's Church International in South Africa is an organisation with whom we have a close working relationship (note 16).
Grants received for COVID-19 relief work comprised £19,350 for the Colombia Fund and £9,853 for the South Africa Kids
Funds (note 15). Donations from individuals include a further £43,686 and £8,013 for these funds.
3 Other Income
Unrestricted
Restricted
Total
funds £
funds £
funds £
Coronavirus Job Retention Scheme
87,692
-
87,692		 2019
£
1,171,458
5,000
14,588
-
19,588
1,191,046
and Blankets
2019
£
-

Other income in the year comprised payments from HMRC as part of the Coronavirus Job Retention Scheme by which organisations were able to claim for a proportion of the salary, national insurance and pension costs of staff furloughed because of COVID-19.

Page 16

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

4 Expenditure
Expenditure in 2020
Raising funds
Raising donations and legacies
Expenditure on other trading activities
Investment management
Charitable activities
Local church
Education in the UK
Partnerships & conferences
Support costs		 Staff
Grant
Property
Other
Support costs
2020
costs
funding
& venues
costs
allocated
Total
note 6
note 7
note 5
£
-
-
-
9
-
9
-
-
-
-
-
241
-
-
-
-
241
425,164
2,302
73,067
91,806
122,480
714,819
189,740
4,656
21,812
40,271
60,489
316,968
43,168
103,449
-
37,304
31,614
215,535
127,482
-
12,573
74,528
- 214,583
-		 Staff
Grant
Property
Other
Support costs
2020
costs
funding
& venues
costs
allocated
Total
note 6
note 7
note 5
£
-
-
-
9
-
9
-
-
-
-
-
241
-
-
-
-
241
425,164
2,302
73,067
91,806
122,480
714,819
189,740
4,656
21,812
40,271
60,489
316,968
43,168
103,449
-
37,304
31,614
215,535
127,482
-
12,573
74,528
- 214,583
-
785,795
110,407
107,452
243,918		 -
1,247,572
Support costs are allocated to activities in proportion to the number of transactions each activity has.
Expenditure in 2019
Staff
Grant
Property
Other
costs
funding
& venues
costs
Raising funds
Raising donations and legacies
-
-
-
378
Expenditure on other trading activities
-
-
33
Investment management
248
-
-
-
Charitable activities
Local church
411,818
2,448
124,738
117,130
Education in the UK
218,833
4,200
21,996
34,487
Partnerships & conferences
59,034
47,650
29,118
87,319
Support costs
138,705
-
13,237
85,338
828,638
54,298
189,089
324,685
The following figures are included in the totals above:
Amounts paid to the auditors
Audit fees
Non-audit services
Total included within Governance costs below		 Support costs are allocated to activities in proportion to the number of transactions each activity has.
Expenditure in 2019
Staff
Grant
Property
Other
costs
funding
& venues
costs
Raising funds
Raising donations and legacies
-
-
-
378
Expenditure on other trading activities
-
-
33
Investment management
248
-
-
-
Charitable activities
Local church
411,818
2,448
124,738
117,130
Education in the UK
218,833
4,200
21,996
34,487
Partnerships & conferences
59,034
47,650
29,118
87,319
Support costs
138,705
-
13,237
85,338
828,638
54,298
189,089
324,685
The following figures are included in the totals above:
Amounts paid to the auditors
Audit fees
Non-audit services
Total included within Governance costs below		 Support costs
allocated		 2019
Total
-
-
-
378
-
-
33
248
-
-
-
411,818
2,448
124,738
117,130
218,833
4,200
21,996
34,487
59,034
47,650
29,118
87,319
138,705
-
13,237
85,338		 -
-
-
143,665
60,489
33,126
- 237,280		 378
33
248
799,799
340,005
256,247
-
828,638
54,298
189,089
324,685		 - 1,396,710
2020 £
12,300
738
13,038		 2019 £
12,600
486
13,086

Page 17

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

5 Support costs
Support staff
Governance including staff
Office equipment and IT
Loan interest
Office property costs
Insurance
Telephone
Stationery & office supplies
Legal and professional
Other		 2020 £
118,094
30,575
31,185
5,921
12,573
5,814
3,222
2,519
3,503
1,177
214,583		 2019 £
129,044
32,447
26,363
8,410
13,237
6,587
5,457
2,306
11,229
2,200
237,280

Page 18

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

6 Staff costs
Wages and salaries
Social security costs
Pension contributions		 2020 £
675,007
62,558
48,230
785,795		 2019 £
699,850
66,416
62,372
828,638

Redundancy costs included above amounted to £25,000 (2019: zero) of which £25,000 is included in accruals (note 13).

Average number of staff employed during the year
Average number of staff calculated as "full-time equivalents"
Local church
Education in the UK
Partnerships & conferences
Support staff
Number of "full-time equivalent" staff
Staff whose emoluments (including benefits but excluding pension contributions) exceeded £60,000
The number of staff with emoluments in the range £90,001 - £100,000
The number of staff with emoluments in the range £60,001 - £70,000
In 2020 these emoluments included the redundancy costs referred to above
Employer pension contributions for these employees were £19,113 (2019: £15,503)
Remuneration of key management personnel		 2020
26
7.6
7.1
0.5
3.2
18.4
2020
2
-
2020 £
426,536		 2019
27
8.3
7.6
0.7
3.3
19.9
2019
1
1
2019 £
402,733

Key Management Personnel include the senior managers of our local church, of our school and of our partnership and conference activities together with the remuneration paid to one trustee (note 16).

Page 19

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

7 Grants made
Grants made as part of Local Church activities - to individuals
2020 £
Grants made from our Care Fund - note 15
2,302
Other grants to individuals
-
2,302
Grants made as part of School activities - to individuals
Bursaries in cases of financial need for attendance at The King's House School, Windsor
4,173
4,173
Grants made as part of Partnership activities - to institutions
to King's Church International in South Africa (grants in 2020 were for COVID-19 relief)
43,014
to Misión Carismática Internacional in Colombia (grants in 2020 were for COVID-19 relief)
24,950
to Association Evangélique d'Appui au Développement (for development & refugee work in Burkina Faso)
15,003
to Youth Outreach Ministry in Malawi, from our "Turn the Tide" fund
8,400
to Vision for Israel (for the Joseph Storehouse humanitarian aid centre for all nationalities in Israel)
2,938
to Holy Land Missions, Bethlehem
2,200
to the Evangelical Alliance
550
to the Barnabas Fund (for work with refugees)
-
to the European Coalition for Israel
-
to Familia Emmanuel a las Naciones
-
to Tear Fund (for relief and development work)
-
to Jakes Gerwel Tegnies (High School in Bonnievale, South Africa)
-
to other institutions
483
Grants made as part of Partnership activities - to individuals
to individuals working in Christian ministry and development in Colombia
4,000
to individuals working in Christian ministry and development in Burkina Faso
2,000
to individuals working in Christian ministry and development in South Africa
-
Other grants to individuals
394
Total grants made as part of Partnership activities
103,932
110,407		 2019 £
2,448
790
3,238
4,200
4,200
1,730
2,000
16,573
11,782
4,016
1,200
550
4,343
500
200
69
55
250
-
2,000
200
1,392
46,860
54,298

King's Church International in South Africa is an organisation with whom we have a close working relationship (see note 16).

Page 20

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

8 Tangible Fixed assets
Freehold land
Fixtures, fittings,
and buildings
& equipment
£
£
Cost
at 1 November 2019
3,175,921
397,801
additions
-
9,256
disposals
-
-
at 31 October 2020
3,175,921
407,057
Depreciation
at 1 November 2019
34,974
389,597
charge for the year
8,394
7,043
disposals
-
-
at 31 October 2020
43,368
396,640
Net Book Value
at 31 October 2020
3,132,553
10,417
at 1 November 2019
3,140,947
8,204		 Total
£
3,573,722
9,256
-
3,582,978
424,571
15,437
-
440,008
3,142,970
3,149,151

Freehold land and buildings comprise the property King's House at £1,500,000, 75 Frances Road at £1,591,985 and a modular building at £40,568. The values of King's House and 75 Frances Road include freehold land, which is not depreciated, as well as buildings. For those buildings the residual value at the end of the year is not considered materially different from their carrying value and so no depreciation was charged on those properties in the year. The modular building was depreciated.

9 Investments

Investments
Cash held at 1 November
Disposals / additions to investment
Interest earned
Cash held at 31 October		 2020 £
148,756
23,524
790
173,070		 2019 £
747,048
- 598,799
507
148,756

This investment comprises part of the Property Fund: invested in interest-earning UK deposit accounts.

10 Capital commitments

At 31 October the charity had no capital commitments (2019: nil).

Page 21

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

11 Commitments under operating leases

The charity has no commitments to make lease payments.

12 Debtors

Debtors
Gift Aid receivable
Prepayments and accrued income
Other debtors
Creditors
amounts falling due within one year
Bank loans
Accruals and deferred income
Taxes and social security
Other creditors
amounts falling due after one year
Bank loans		 2020 £
24,812
29,318
16,294
70,424
2020 £
14,602
73,777
12,029
22,933
123,341
209,688		 2019 £
18,978
35,592
20,027
74,597
2019 £
13,151
37,204
15,090
49,240
114,685
217,699

13 Creditors

The charity has a bank loan secured by first legal charge over 75 Frances Road, Windsor which was drawn in January 2014 and is repayable over 20 years with interest charged at 2.25% above the Bank of England base rate. The loan was obtained to assist with the purchase and renovation of 75, Frances Road, Windsor.

14 Inter fund loan

To maximise returns on the Property Fund and minimise the general charity's borrowing costs, the Property Fund made a loan of £680,000 in November 2018 to the charity's General Fund. Interest is charged at the Bank of England's base rate and included within 'Transfers between funds' on the Statement of Financial Activities. The General Fund holds the £680,000 in legal trust for the Property Fund and if 75 Frances Road, Windsor were to be sold the loan would be repaid (and may be repaid sooner).

Page 22

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

15 Fund movements
Fund movements in 2020
Restricted funds
Bethlehem Fund
Burkina Faso Fund
Care Fund
Colombia Fund
Conference Delegate Fund
G12 UK Fund
Joseph Storehouse Fund
Kidz Klub Fund
Missions Fund
Property Fund
School Capital Projects Fund
School Fund
School Fundraising for 3rd parties
South Africa Blankets Fund
South Africa Church Fund
South Africa Kids Fund
South Africa Property Fund
Turn the Tide Fund
Unrestricted funds
General Fund
Designated Care Fund
Designated Missions Fund
Total funds		 Balance at
Incoming
Outgoing
Transfers
Balance at
01 Nov 19
resources
resources
31 Oct 20
£
£
£
£
£
732
-
- 732
-
-
-
425
- 425
-
-
2,639
2,701
- 2,302
-
3,038
-
27,363
- 19,650
-
7,713
302
-
-
-
302
- 29,467
5,307
- 3,824
-
- 27,984
-
38
- 38
-
-
50,975
-
-
-
50,975
-
12,644
- 12,644
-
-
858,223
20,593
-
2,238
881,054
1
-
- 1
-
-
-
42,464
- 42,464
-
-
315
168
- 483
-
-
-
7,801
- 7,126
-
675
4,506
422
-
-
4,928
184
45,738
- 35,888
-
10,034
5,350
200
-
-
5,550
4,753
4,617
- 8,400
-
970
898,513
170,481
- 133,977
2,238
937,255
2,378,450
1,233,355
- 1,030,894
- 84,939
2,495,972
2,603
-
-
-
2,603
-
-
- 82,701
82,701
-
2,381,053
1,233,355
- 1,113,595
- 2,238
2,498,575
3,279,566
1,403,836
-1,247,572
-
3,435,830

Page 23

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

15 Fund movements (continued)
Fund movements in 2019
Restricted funds
Bethlehem Fund
Burkina Faso Fund
Care Fund
Conference Delegate Fund
G12 UK Fund
JGT School Fund
Joseph Storehouse Fund
Kidz Klub Fund
Missions Fund
Property Fund
Refugee Fund
School Capital Projects Fund
School Fund
School Fundraising for 3rd parties
South Africa Church Fund
South Africa Kids Fund
South Africa Property Fund
Tear Fund Fund
Turn the Tide Fund
Unrestricted funds
General Fund
Designated Care Fund
Designated Missions Fund
Total funds		 Balance at
Incoming
Outgoing
Transfers
Balance at
01 Nov 18
resources
resources
31 Oct 19
£
£
£
£
£
732
-
-
-
732
-
450
- 450
-
-
-
5,087
- 2,448
-
2,639
-
1,092
- 790
-
302
- 47,515
68,524
- 50,476
-
- 29,467
55
-
- 55
-
-
316
-
- 316
-
-
50,975
-
-
-
50,975
7,319
14,949
- 22,268
-
-
794,563
58,985
-
4,675
858,223
4,343
-
- 4,343
-
-
590
528
- 622
- 495
1
-
53,474
- 53,474
-
-
-
315
-
-
315
3,625
881
-
-
4,506
184
365
- 365
-
184
3,441
1,909
-
-
5,350
69
-
- 69
-
-
361
16,174
- 11,782
-
4,753
819,058
222,733
- 147,458
4,180
898,513
2,336,423
1,295,459
-1,168,650
- 84,782
2,378,450
2,603
-
-
-
2,603
-
-
- 80,602
80,602
-
2,339,026
1,295,459
-1,249,252
- 4,180
2,381,053
3,158,084
1,518,192
-1,396,710
-
3,279,566

Bethlehem Fund

The Bethlehem Fund supports Christian witness and humanitarian work in and around Bethlehem: the town where Jesus was born.

Burkina Faso Fund

This fund was created to support development work and Christian outreach in the country of Burkina Faso in West Africa.

Page 24

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

15 Fund movements (continued)

Care Fund

Through the Care Fund, donations from church members are distributed to people with short-term financial needs: in accordance with the charity's objective of helping the needy.

Conference Delegate Fund

This fund provides assistance for those who wish to attend a Christian conference but would otherwise be unable to afford to go.

Colombia Fund

This comprises donations given to support the ministry of the church Misión Carismática Internacional in Colombia. Grants made in 2020 were principally to provide relief to the church and its members during the COVID-19 lock-down .

G12 UK Fund

The charity hosts an annual conference for those involved in or interested in the G12 network of churches; as well as other events to train leaders of these churches. Grants and donations received towards this work are held in the G12 UK Fund. A deficit on the fund arose from the events run in 2016-2018. The trustees expect this money to be recovered from future donations to the Fund.

Joseph Storehouse Fund

This fund makes grants to Vision for Israel to support its Joseph Storehouse project: an international humanitarian aid centre in Israel providing aid to the poor and needy, both Jewish and Arab, living in the nation of Israel.

Kidz Klub Fund

This fund represents donations towards the costs of operating children's ministries known as 'Kidz Klub': church-based events with fun activities and Biblical teaching that is open and accessible to children from all backgrounds.

Missions Fund

The Missions Fund supports relief and development work and provides assistance to churches across the world.

Property Fund

The Property Fund was previously known as the Building Fund and exists to provide finance for church properties. Incoming resources consist of donations given together with interest earned on cash deposits.

School Capital Projects Fund

This fund exists to finance capital projects of The King's House School, Windsor. The balance of the fund consists mainly of assets acquired with donations made to the fund.

School Fund

The School Fund supports King's Church International's work in children's education and specifically The King's House School, Windsor: the primary school run by the charity.

School Fundraising for 3rd parties

The pupils of The King's House School, Windsor conduct their own fundraising to support the work of other charities.This fund holds those monies while fundraising initiatives are underway: until the money is paid as a grant to the relevant charities.

South Africa Blankets Fund

The South Africa Blankets Fund provides blankets to children and families in South Africa who lack warm shelter in the winter months.

Page 25

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

15 Fund movements (continued)

South Africa Church Fund

The South Africa Church Fund exists to help churches in South Africa.

South Africa Kids Fund

The South Africa Kids Fund exists to help charitable work among children in South Africa. During 2020 the grants provided food and essential supplies to those whose families lost their income during the COVID-19 lockdown.

South Africa Property Fund

In 2018 King's Church International in Robertson, South Africa purchased property to be used for a church building, its Kidz Klub children's ministry and its other charitable activities. The South Africa Property Fund was created to provide support to facilitate this purchase and the subsequent construction of buildings for that charity.

Turn the Tide Fund

The "Turn the Tide" Fund supports child-headed households in Malawi and elsewhere in Southern Africa: providing them with food and clothing and thereby enabling them to attend school.

Designated funds are unrestricted monies that the trustees have decided to set apart for a specific purpose:

Designated Care Fund

The Designated Care Fund was established to provide additional resources for helping the needy as, on some occasions, there may not be adequate money in the Care Fund to meet all the needs that arise.

Designated Missions Fund

Ten per cent (a ‘tithe’) of the unrestricted donations we receive (except those given in response to an appeal) are set aside in a Designated Missions Fund to support churches across the world, relief and development work, and Christian projects in education. This comprises our Designated Missions Fund.

Page 26

NOTES TO THE ACCOUNTS year ended 31 October 2020

KING'S CHURCH INTERNATIONAL

16 Related party transactions and trustee expenses and remuneration

Trustee remuneration and benefits

Trustees are not remunerated for their role as trustees. Terry Beasley (trustee) is employed by the charity as a pastor and his wife, Margaret Beasley, as a part-time pastor. They are remunerated for their employment as permitted by the charity's governing document.

The remuneration of these individuals was: Wages and Health Total 2019
salaries £ insurance £ £ £
Terry Beasley 23,907 - 23,907 25,141
Margaret Beasley 11,743 6,652 18,395 18,434

Trustee expenses

No trustees were reimbursed for expenses incurred in their role as trustees. The charity bore the following costs for duties performed by trustees on behalf of the charity:

by trustees on behalf of the charity:
Participation in overseas ministry trips
Other travel & training
Entertaining
Number of trustees reimbursed		 2020 £
1,540
305
19
1,864
3		 2019 £
144
347
257
748
1

Donations from related parties

The charity received donations from trustees, key management personnel and from their close families. The total donations received from these individuals was £168,897 (2019: £118,690).

Relationships with other charities

Terry Beasley, until October 2020 a trustee of the charity, and AW Richards, the Senior Pastor of King's Church International, are both trustees of the charity Joseph Storehouse to whom grants were made as shown in note 7.

AW Richards is also chair of the board of King's Church International in South Africa ('KCI SA'). The two charities operate independently but have a close working relationship on the basis of shared values and objects. Grants received from KCI SA are shown in note 2 and grants made to that charity in note 7.

2020 £ 2019 £
Amounts due from KCI SA at 31 October (included within 'other debtors' in note 12 above) 5,970 6,543

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