REGISTERED CHARITY NUMBER: 1052794
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
KINGS CHURCH MARSHES
KINGS CHURCH MARSHES
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
KINGS CHURCH MARSHES
REPORT 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
a) To advance the Christian faith in accordance with the Statement of beliefs appearing in the schedule of the Deed in the County of Lincolnshire and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said County and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
c) To promote and fulfil such other charitable purposes beneficial to the community in the said County and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
Grantmaking
Grants are given to relating groups and individuals who are involved in missions work both in the UK and overseas.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The activities of Kings Church remain much the same but with renewed investment in our building we are operating from a more secure foundation. The congregation continued to be actively involved in our rural communities of the Marsh villages, most especially Manby & Grimoldby and the Carltons, while Sunday Services continued to be held at Bowen House on Manby Park, Manby, Lincolnshire. Our links with other churches in our local area are strengthened by gathering with other leaders at a cluster breakfast and by some of our leadership visiting other churches. We continue to run the Alpha course for those interested in learning more about the Christian Faith. We continue to make ourselves available for any members of the community who seek to understand more about the Christian faith.
The centrality of Bowen House brings members of the community together for Sunday Lunch and weekly Warm Space provision. We received a grant from the local Co-op Community Fund in order to support these activities and to run Naomi's Kitchen food deliveries in the school holidays and provide Christmas hampers to those in need in the community. We have continued to build relationships with people in the area, particularly the elderly and vulnerable members of the community, providing signposting to other services, nourishment and friendships.
Kings Church continues to be sub-contracted by Naomi's Garden to provide enriching activities to children and young people, that are in receipt of free school meals or have special educational needs, young carers and refugees. Kings Church facilitates this provision by running the Lincolnshire County Council Funded Holiday Activities and Food Programme (HAF), which take place during the Easter, Summer and Christmas school holidays. We offered additional provision during half terms for families not eligible on the HAF programme.
King's Church continues to work in partnership with Green Pastures through provision of accommodation on the second floor of Bowen House. Project 58 is now well established in providing housing, care and support to ladies that have been made homeless. We now have a very successful relationship with East Lindsey District Council Housing Team. We are working with them to meet the needs of the most vulnerable ladies across East Lindsey that are homeless. This has added a great injection of life to the building and day to day activity in Bowen House.
The church has continued to run the café on the ground floor for internal use only, providing Sunday lunches and Warm Space, for the elderly and vulnerable. The café space is also utilised as a hub for Project 58 residents as a space for residents to socialise and engage with craft and cooking activities, as well as for completion of any resident training and group life skills guidance. The café space remains available for hire for events. We continue to use our community garden developing knowledge and skills to P58 residents and attendees at HAF sessions. This provision of an outdoor space is highly beneficial for our users mental and physical wellbeing.
FINANCIAL REVIEW
Reserves policy
The level of reserves is closely monitored by the trustees to ensure any necessary action is taken at the appropriate time.
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KINGS CHURCH MARSHES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
The charity had incoming resources in the year of £106,020 (2023 - £89,852) and the outgoing resources were £98,823 (2023 - £109,826).
FUTURE PLANS
King's Church Marshes aims to continue to expand the housing services offered through Project 58 through the development of more accommodation within Bowen House. We will continue to offer bespoke training and employability skills relevant to residents needs to ensure they are able to contribute to the community and have knowledge and skills in place for their future when they are ready to move on.
Kings Church aims to become well established in providing services that sit within a network of providers and are sought out by others. Together with experience gained and potential changes to government legislation within supported housing we aim to develop excellence in meeting any new legislation as part of the Supported Housing Improvement Programme. As part of this we aim to build on our teams' professional development.
We aim to expand Project 58 through the creation of a Well Being Hub that can be used by residents and other local charitable organisations and community groups. By continuing to use the building to develop activities we will see an increase in our outreach to the local community and beyond. We aim to provide more social opportunities for those that are isolated due to age and/ or specific needs.
We will continue to offer support and help where needed in our community and be a centre of stability and fellowship for those who desire to attend church and develop their Christian faith. We will continue to offer Alpha courses for those interested in learning more about the Christian Faith. We aim to demonstrate the love of God to all those we come across whether through practical help or spiritual support and encouragement.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Kings Church Marshes is a registered charity, regulated by a Declaration of Trust dated 17 January, 1996 amended 31 August, 1997.
Recruitment and appointment of new trustees
The church seeks to appoint trustees from amongst the membership seeking to identify those most suitable to bring a balance of skills and strengths to the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1052794
Principal address
Bowen House Manby Park MANBY LN11 8UT
Trustees
S. Franklin Mrs. D. M. Rusling Mrs. S. J. Walker
Independent Examiner
C. M. Tams F.C.A. Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
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KINGS CHURCH MARSHES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
HSBC Bank plc Cornmarket Town Centre Louth LN11 9QB
PUBLIC BENEFIT
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing the aims and objectives prior to planning and developing activities.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and 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.
25.01.25
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
S. Franklin - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGS CHURCH MARSHES
Independent examiner's report to the trustees of Kings Church Marshes
I report to the charity trustees on my examination of the accounts of Kings Church Marshes (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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
C. M. Tams F.C.A.
Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
Date: .............................................
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KINGS CHURCH MARSHES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
----- Start of picture text -----
31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,202 120 7,322 10,522
Charitable activities
Charitable activities 92,050 5,923 97,973 79,275
Other trading activities 2 725 - 725 55
Total 99,977 6,043 106,020 89,852
EXPENDITURE ON
-
Raising funds 2,155 2,155 1,639
Charitable activities
Charitable activities 92,900 3,768 96,668 108,187
Total 92,900 5,923 98,823 109,826
NET INCOME/(EXPENDITURE) 7,077 120 7,197 (19,974)
RECONCILIATION OF FUNDS
Total funds brought forward 23,248 484 23,732 43,706
TOTAL FUNDS CARRIED FORWARD 30,325 604 30,929 23,732
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The notes form part of these financial statements
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KINGS CHURCH MARSHES
BALANCE SHEET
31 MARCH 2024
----- Start of picture text -----
31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 21,939 - 21,939 21,664
CURRENT ASSETS
Debtors 7 10,703 - 10,703 5,307
Cash at bank 73 604 677 622
10,776 604 11,380 5,929
CREDITORS
Amounts falling due within one year 8 (2,390) - (2,390) (3,861)
NET CURRENT ASSETS 8,386 604 8,990 2,068
TOTAL ASSETS LESS CURRENT LIABILITIES 30,325 604 30,929 23,732
NET ASSETS 30,325 604 30,929 23,732
FUNDS 10
Unrestricted funds 30,325 23,248
Restricted funds 604 484
TOTAL FUNDS 30,929 23,732
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The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S. Franklin - Trustee
The notes form part of these financial statements
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KINGS CHURCH MARSHES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. 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.
- Grants payable are included when approved by the Trustees and paid out.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% Straight Line Fixtures and fittings - 25% Straight Line
The policy of the charity is to capitalise items costing in excess of £250.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes as described in the notes to the financial statements. The cost of raising and administering such funds are charged against the specific fund.
2. OTHER TRADING ACTIVITIES
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||||
|---|---|---|
|31.3.24|31.3.23|
|£|£|
|Cafe income|725|55|
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KINGS CHURCH MARSHES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
3. GRANTS PAYABLE
| GRANTS PAYABLE | |
|---|---|
| Charitable activities | 31.3.24 31.3.23 £ £ 1,310 940 |
| The total grants paid to institutions during the year was as follows: Ground Level International Network of Prophetic Centres Isaiah 61 Movement |
31.3.24 31.3.23 £ £ 620 340 600 600 90 - |
| 1,310 940 |
4. 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.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,402 Charitable activities Charitable activities 69,280 Other trading activities 55 Total 79,737 EXPENDITURE ON Raising funds 1,639 Charitable activities Charitable activities 85,710 Total 87,349 NET INCOME/(EXPENDITURE) (7,612) RECONCILIATION OF FUNDS Total funds brought forward 30,860 TOTAL FUNDS CARRIED FORWARD 23,248 |
Restricted funds £ 120 9,995 - 10,115 - 22,477 22,477 (12,362) 12,846 484 |
Total funds £ 10,522 79,275 55 89,852 1,639 108,187 109,826 (19,974) 43,706 23,732 |
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KINGS CHURCH MARSHES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
----- Start of picture text -----
6. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£ £ £
COST
At 1 April 2023 42,680 15,566 58,246
Additions 3,528 1,265 4,793
At 31 March 2024 46,208 16,831 63,039
DEPRECIATION
At 1 April 2023 21,210 15,372 36,582
Charge for year 4,268 250 4,518
At 31 March 2024 25,478 15,622 41,100
NET BOOK VALUE
At 31 March 2024 20,730 1,209 21,939
At 31 March 2023 21,470 194 21,664
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Other debtors 10,678 3,716
Tax 25 1,591
10,703 5,307
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts (see note 9) - 825
Other creditors 2,390 3,036
2,390 3,861
9. 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:
Other Loans - 825
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KINGS CHURCH MARSHES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Building fund Other Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Naomi's Kitchen Other Restricted TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Building fund Awards for All Beatrice Laing Trust Other Restricted TOTAL FUNDS |
At 1.4.23 £ 23,248 4 480 484 23,732 Incoming resources £ 99,977 5,723 320 6,043 106,020 At 1.4.22 £ 30,860 4 7,835 4,647 360 12,846 43,706 |
Net movement At in funds 31.3.24 £ £ 7,077 30,325 - 4 120 600 120 604 7,197 30,929 Resources Movement expended in funds £ £ (92,900) 7,077 (5,723) - (200) 120 (5,923) 120 (98,823) 7,197 Net movement At in funds 31.3.23 £ £ (7,612) 23,248 - 4 (7,835) - (4,647) - 120 480 (12,362) 484 (19,974) 23,732 |
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KINGS CHURCH MARSHES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Awards for All Beatrice Laing Trust Other Restricted TOTAL FUNDS |
Incoming resources £ 79,737 9,995 - 120 10,115 89,852 |
Resources Movement expended in funds £ £ (87,349) (7,612) (17,830) (7,835) (4,647) (4,647) - 120 (22,477) (12,362) (109,826) (19,974) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Building fund Awards for All Beatrice Laing Trust Other Restricted |
Net movement At 1.4.22 in funds £ £ 30,860 (535) 4 - 7,835 (7,835) 4,647 (4,647) 360 240 |
At 31.3.24 £ 30,325 4 - - 600 |
|---|---|---|
| 12,846 (12,242) |
604 | |
| TOTAL FUNDS | 43,706 (12,777) |
30,929 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Awards for All Beatrice Laing Trust Naomi's Kitchen Other Restricted TOTAL FUNDS |
Incoming resources £ 179,714 9,995 - 5,723 440 16,158 195,872 |
Resources Movement expended in funds £ £ (180,249) (535) (17,830) (7,835) (4,647) (4,647) (5,723) - (200) 240 (28,400) (12,242) (208,649) (12,777) |
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KINGS CHURCH MARSHES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Building fund
Included in the Building fund are donations specifically to meet costs to maintain Bowen House.
Awards for All
Grants received for the refurbishment of the community kitchen and for the creation of a community garden.
Beatrice Laing Trust
Grant received for new heating, furniture and decorating for the community kitchen.
Light in Africa
Included in the Other restricted fund are donations to support a school in Kenya.
Naomi's Kitchen
Naomi's Kitchen was created to meet the needs of children and their families who are experiencing food poverty. NK delivers fresh ingredients and nutritional education to families who need extra support, a warm space, Christmas hampers and lunches.
11. RELATED PARTY DISCLOSURES
Donations made by trustees of the charity totalled £2,310 (2023: £5,310).
Rental income includes amounts received from trustees as follows: Franklin Associates - £3,000 (2023: £3,150).
Creditors includes loans from trustees as follows: D Rusling Loan - £- (2023: £825).
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