KING'S CHURCH. ST PAUL'S CRAY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
lang's Chur¢h. St Paul's Cray R•fernnc8 aDd Adminlstrallon Infonnatlon Offl¢lal Charlty Nam• Kir¥J's Church. St Pa'S Cray Charlty Reglstrauon Ntsmber 1059986 Prlnclpal Office Address KINJS Church, 159 Chipperfiold Roaj, Si Paul's Crny. OrpiThJlon BR5 2PZ Trustoes Devalletta Nathan (Chairman) GIdn Oiti Elizabeth Davis DrAde Magaji 8ank• Bavclays Bar 167 Hlgh Stred. Bromley JC Ta3e FG4 Northviw•V. The Street. Plaxtol
Klng's Church, St Paul's Cray For the yoar end8d 31st D8cember 2021 The Trustees prtsent t1r ryiort alorvJ with financial statements of the Charity for the year ended 31st December 2021.The financial statements have been prEpared in aocordance applicable accounllng standards and follow [0MmerlationS in the Slalement of Recommended Practice.. Accounting by Charities FRS 102 arKI are in accordance Vith the Clwfties Act 2011. strure. G0ManCe and Manag8nt The charity received charitable status on 10th Dernber 1996. under reference 1059986 and is Constited by trust deeds. The &Jdress for communlcation wth the chwity aThJ ils trustees is given al th8 end of this report. There V•Ere special InBts or rEStric funds. other than in rEspect of the propety, at the year-end. Th8 trustees are appointed by the dders of KiryJs Church. St. Paul's Cray. At 31 December 2021 these were fimolhy Akinluyi. Ahmed IfabLH and Edward Demi Ejegi all signrficant decisions are m&Ye in conjunctlon th th8 dders of King's Church. The trustees do not receive specrflc training but are eOuraged to attend relevant courses. At the Trtees. meetitMJs held duriThJ the year the Tnjslees agree the strategy and areas of acllvily for the Charity. including Considlon of grant making, investment. reseNes and risk management polici and perfomianc8. All maior risks includiro third party risks are illsured. The Trustees consider future expenditure carefully and do not errter into a contract until satisfactory funding is in place. Monthly accounting infonnatlon is Issued to leaders of the Church. The funds held by thg Ctwity arE inveslwj with a m4or UK bank. ObJectlve8 and Acllvllt•¥ The objectives of the charity are to promote evangefical Chrrstlanlty arKI to ministor to the needs of th8 poor In the Cray Valley area, The church continues to do this through ils meetings on a Sunday and mid-week. together ¥th involvement In specif ie activities in the wider community. Gifts lo exlemal organisatiorts and 1ThJividLls are considered by the Trustees on the basis of need arHJ fulfilmenl of the charitable objectives. There is rn upper limit of support. A¢hlov•ments and rf0mlaneO The Inte89 are dellghted wth the progress rwle duriThJ the perlod. particularty in respt of continued refulshment of the chuTch buildiNJs. The charlty currently employs one t1 and three part time staff. tntstees consider that the church is havlng an increasiro impact on the locd communty, particulavly arising frDm the availability of rts building. The trustees look fOnya to continuir#J with tsr In community durirvj the forthcomw year. King's Church, Si. Paul's Cray has continuwj to be part of the family of churches wthin New Fronllers Inlemational (Charity Number. 1CI]69401 hoEver tw is no legal relationghip befven the parties.
Klng's Church. st Paul's Cray Trusto8s' Annual Report For the year ènded 31 Dacember 2021 Pvbllc Benefit The charlty is actively involved in the local community fth ts bulldlrMJ being a base for this service. Below are some of the activities: Over eth coffee Morni on Frrdays Three c8lendaTed events per year for about 4LKI pupils staff of a local primary school Alpha CoUe$ per year. each lasting 14 Vpeks tor inteJEsted members of the community A bin%ekly youth club on sulaY aftemoon %fiich Is open to young pwple of primary and secondary school age in the local communlty Support for some local chLwches in the immediate vicinity and beyond CounsellirKJ Free tralning Courses on issue5 sh as Christian marriage. raising Christian children and how to study effectivety (lor sOndaY arkj post secondary students). Helping some eldwty pPIe in the community *ith their shopping arKI Providing free meals frDm time lo Ilme. In addition. the charity makes gr to ollw charities. operatiw Irrtemationaily amongst the poor. Flnanclaj Ra•W The tNstees r8POrt a deficit of £53.3 (2020: surplus of £74,309) for the year. This is the result ot continued investment in a buildiry extension which wll be Ltsed for publlc b&nefil. The Church look forward to further achievirYJ t charitable objectives during the forthcoming year. The Iruslees are particularfy appreciative of the orsoing generOl giving ot member5 during the year. in a difficult economic environment. The church has a policy of maintaining Unstrictl re$VeS. other than as set aside for the buildlng project. hthin the raThJ8 of a minimum of 3 months, to a maximum of 12 months of 8verage expenditure. Where the reserves 1811 outside this raffje. a strategy needs to be fonnulated by the Trustees lo bring them back into line. At the balance sheet dale. the charity's reStricted rese8 fell wlhin these limits. The trustees continue to monttor the financlal position carefulty aThJ believe that the charity is generdling Sufficient funds to meet its liabilities as they fdl due over the rÉxl 12 months. The TNslees are satisfled with the f in8101 posrlion of the Charity arKI confimi that they have adequate assets available to fulfil t1r obligatiorts. Volunt8W5 The trustees acknovrtedge the WDrk of a laftJe number of unpaid volunteers vtho assist in the weekly activities of the church and look forvdrd to the continuation of charity's objectives during the forthcomlng year.
Klng's Church, St Paul's Cray Trustees. Annual Report For the year ended 31 December 2021 Rlsk Management The trustees a¢tr"vely revFew the major risks which the charty might fa, in particular those relating to governance. reputation. operations and finan. The charrty oviews its insurance annually, including the type of cover and overall levels of cover. The trustees put great emphasis on the active monitoring of its financial risks, including maintaining liquid fijnds to settle debts as they fall due. This has been managed closely during the building refurbishment project. Maintaining free reserves at the levels referred to above is key to our financial management. As we refvrn to live services and to the undertaking of activities during the week, our key risks are the health and safety of attenders and participants. Key to this a our safeguarding controls over those adults who lead events involving children or vulnerable adults. Future Plans Our future plans revolve around tEing able to open up our covnpleted buildings and continue to hold public servi$ on a Sunday together with events during the week. Including those pul on by local organisalions. utilising the church fvlly lo support the communty. Tru8teos' Responsibilitles Charity law reqLtires the Trustees to prepare ftnancial statements for each fjnancial year which give a true and fair view of the charity's financial acttvities during the year and of its financial position at the end of the year. In preparing these financial statements, we. as Trustees, have selected suitable accounting policies and applied them consistently. and judgements and estimates that have been made are reasonable and prudent. We are also responsible for keeping aecounting records which disclose with reasonable accuracy Ihe financial positr.on of the chanty. and which enable us to ascertain the financial position of the charity and to ensurÈ that the ffnancial statements comply with Charity Law. We are also resw)nsible for the safeguar(ling of the assets of the Chanty and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that the accounts are wepared in accordance with applicable standards and follow recommendations in Ihe Stslement of Recommended Practice." Accounting by Charities FRS 102 and are in accordance with the Chanties Act 2011. accounb.ng By order of the Trustees. Devalletta Nathan Trustee 15g Chippeffield Roaj, St Paul's Cray. Orpington BRS 2PZ
Report 01 Independent Examlnw to the Truste8s of Klng's Churth. St Paul's Cray I report to the Tnrstees on my examination of the fin•KI statements of KiThJ's ClwJrch, Sl P8uI'8 Qay (the charity) for the year end1 31st Dnbfjr 2021. Responslbllllles and basls of r•port As the charity Iruslees of the TTht. you are TesporEible for the prnparatlon of the accounts in accordance wth the wulrements of the Chaities Act 2011 fthe Actl. I report in respect of my examination of the Trust'$ ¥counls carrled out uTh18r $8Ction 145 of the 2011 Act and in caryirKJ out my examination. I have follo*d the applicable Dlreclions given by the Charity Commlssion under section 1495Xbl of the Act. Independent examlnaes statsmont I have completed my examination. I confim that no matters have come lo my attention in connectlon svith the 8xamination giving me cause lo believe that in any materi81 respect". accounting rordS %we kept in respect of the charity as requir1 by section 130 of the 2011 Act.. or the financial statements do rnt accord with thjse records.. or the financial stalements do not comply wth the applicable r4uiremenls concemlng the f omi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than ary requirement that the accounts givg a true and fair view 1¢h is not a matter considered as part of an Irxlependent examination. I have no coremS and have come &ross otr matters in cOnntIon wth the examination lo which attentlon should be drdwn in this report in order to enable a pmper understaTrJlng of the f inancial ststements to be reached. ETknJko Joanna Tawso Bse FCA 19 October 2022 Northview The Street, PLAXTOL
Klng's Church, St Paul's Cray Statement of Flnanclal Acttvltlos For tho yw •nd8d 31st knber 2021 Incomlng Rasourc•s Voluntsry Iorne Investment income 1(b) 323.4(KJ 113 288,007 183 23,513 288,1 1(c) Chaiitable actfvilie8-. minislertal outreach support grants 153.455 146,640 1.809 61,313 218,356 (*vemanc8 costs: Administration Interest on secured loan Professional fees 2.819 Total resources used 4,119 376.9)3 213.881 Net {OutgolngYlncomlng for th8 year (S3,) 74.309 Gan8rn1 Fund$ At 1st January 2021 Income for the year 1.499,309 1,425.000 74.309 At 31st December 2021 The rkoles on pages 8 to 11 foryn part of the56 ¢0(int$.
Charity No. 1059986 Kln9'8 Chur¢h, St Paul's Cray Balance Sheet as at 31st Docember 2021 Note 21 20 Fixed Assets Propety, plant and equipment Current Assets 1.302,129 1,332,314 Tax Recoverable 13,627 Pre-payments and other debtors Cash at bank and in hand 15,458 7.429 1,434 124,234 151,403 145,290 Credftors, amounts falling due within one year 168.295 Not Current Assets 143.7 Total As89ts Less Current Liabilftie8 166,995 1,439,652 1.499,309 Net Assets 1.445,919 1,499,309 Represented by Unrestncted Fund Restricted Fund 143,790 1302,129 186.995 1332,314 Total charlty fundo 1,445,919 1,499,309 These financral Statents were approved by the toard on October 2022 G.OJO TRUSTEE D.NATHAN TRUSTEE
Klng's Church, St Paul's Cray FInan Statents fty the y•ar sn 31st D•camr 2021 Accountlng Pollcles These accounts have been prepared undw the historicaj cost convention wth il&ms recognised al cost or transa¢lion value unless othemse slated in the relevant note(s) lo these accounts. The ac¢ounts have been pwared in accordance Wlh the Statement of Recommended Practjce.. Accounting and Reporting by Charitie5 preparing t1r accounts in accordance with the Financial Reporting Standwd applicable in the UK aThJ Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 jUary 2016) aThJ with the Charities Act 2011. The charity is a Public Benefit Enttty a8 dgfined by FRS 102. Th9 principal accountirwJ policies aYoptj are set OLrt below. (al Going corKem GoirYJ coneem At the time of apprDving accounts. the tntstees have a reasonablo expectation that the charity has adequate rEsources to continue in operational existencè for the foreseeable f uture. Thus the trustees continue lo adopt the going concem basis of accounting in preparing th& cOUnts. (b) Incoming resource5 Irorne includiThJ donatiorts made LwKJer GrftAid are taken into account en received by the Charity. Income recerved in cirrumslances ere a claim for repayment of tax has been or 11 be made to HM Reven and Customs is grossed up for Ihe tax recoverable. Any amounts of lax yet reclaim&Y from HM Revenue and Customs are Sho within the charily's debtorn. Interest income is taken into ¥count ththen vable by It charity. rBgardle5s of when payment is made. (c) Resources exPd& Expenditure is accounted fryon an acc1$ basis and dlocat&J tothe appropriate headlry the accounts. Grants and donations payable are taken into counl at the eartler of ¥then they are pad or become legalty enforceable. OtFw than the Mmal commttments undercontracts of employment ther8 arn no contrnctual or ¢onsIn1ve obligations to future expdItUre at the balance sheet date. W)ere the InKstees have authorised expenditure lch is rM)t yet legally enf0eabI8 or before constructive obligations have arisen. amounts are set aside into funds designated for the pUOse. (d) Fixed Assets DeprlatIOn Fixed assets costirJ Over£5¢ are capitalis1 arKI carried at cost. TW are depreciated on 8 sIRight line basis over the follo*irg periods.. Land: Buildings.. Plant.. Equipment., Motor vehicles years 10 years 5 yea5 3 years
IOng'$ Church. St Paul's Crny Flnanclal Stalwnents for tho year •nd•d 31st Decwnber 2021 Pkntss lo the accounts (eonlinued) (e) (knvernae costs GoverTrae costs relate lo ttE gwteral nJnning of charity 85 8 legal enlily and are not connected wfth generntirwJ income or chaiitable experKlilure. Crlll¢41 aCUtIng osllmats8 and Judgem•nls In the application of the charity's accounliThJ ples. the tnBtees are wuir&l lo make judgements. estimates and assumptions about caryiThJ amount of assets and liabilities that a not readily apparent Irn other sources. The estimates aTrJ associated asSnpl1OnS are baseA on hisloricgl experience and otherfactors that are con8ider>J to be rdevant. Aclud results may differfrom these estimates. The estimates and underfyirwJ assumptions are revivw&J on an ongoing basis. Revisions to accounting estimates are recognised in the period in %thich the estimate is revised where the vision affects onlythat period. or in the paiod of the revision and f uture periods where the revision affects both curvent and future periods. Property. plant and u1PMnt Id and Cost At 1st January 2021 Additions 1.,(mX1 293.619 13.751 99,801 1,W,071 13,751 At 31st December 2021 1,.OCKI 307.370 99.801 Depreciation At 1st January 2021 Charge for the year At 31st December2021 1,909,822 2,000 ZdO.318 16.713 80,789 7,223 563,757 43.936 270.IXKJ 247.031 88,012 Net book value At 31st December 2021 607.693 1.230,IJXJ .339 11,7) Al 31st December 2020 1.302,129 1332 314 Voltsntary Income Offerings Tax recoverable Rental income Other income Coffee shop income 246,236 34,736 41.855 573 231,525 49,939 6.165 378 The principal source of income com8$ from offerir@s at the Sunday seNi¢8s, together th tax relief Gift Aid Ss relevant.
Klng's Church. St Paul's Cray 10 Flnanclal Statsments for tha yw ended 31st Decemb8r 2021 Notss to the aCcntS (contlnu•d) Charflabl• AclSvttt•s An analysis of the direct chaiitable expendilurE is as follows: _ Mlnlstsflal: laff -social security costs ensions 123,364 18,419 9.716 119,233 17,747 Leade expenses and confere Motor and travel 151,499 1.771 185 144,560 1.200 880 The average number of employees dlThJ the year vra$ 4. One {2020.' one) memb8r of staff eamed bet¥n £SO,(KM) £60,(KKI durir¥J the year. Pension contributions are paid to defIj contribution arrangemts. Outreath.. - children's Wrk eatering evangelism - minibuslvan costs - coffee $P expSe5 120 102 140 761 725 251 146 72 Outreach costs rdate to ltr Church's &tivitres outside of rts SuThJay meetiThJs. Supportr. music - building expenses - stallonery, copyirg telephone lrnining - equipment and repairs utilities - sundry expertses - website development - depreciation 1.402 132.397 655 1,256 25,703 5.605 127 740 8.762 91 1,762 36,726 626 43.936 218.356 61.313 Support costs represent the costs of oper8tirKJ church meetiNJs aThJ the runr¥ThJ of an off ice. Grants paid to Irhjividuds relate to visitiThJ speakers a1 SprfIC hardship circumstances.
Klng's Church. St Paul's Cray 11 Flnanclal Siknnents for the year fjnded 31st Dents•r 2021 Notss to the accounts l¢ontlnuod) Credltor* 8Anount8 falllng due wllhln on• y•ar Secured loan Accruals Other cr&Jitors Funds 1,300 As at 1st January 2020 DefIciUSurUs for the year Transfer fromllto) buildiThJ f un¢J As at 31 December 2020 Def iciusurplus lor the year Transfer f roml(lo) building fund As at 31st DecGmber 2021 1.356,567 24,253 (24.253) 1.332,314 166.995 {53,390} 30.185 ),185 143.7 1,302,129 As al 31st December 2021 the net assets of the charfty compris.. Fixed assets Debtors Creditors Cash 1.2.129 21.lJ56 {1.&10) 124,234 1.302,129 21,056 (1,500) 124,234