KING'S CHURCH, ST PAUL'S CRAY
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2023

King's Church, St Paul's Cray
Referance and Administration Infomation
Official Charity Name
King's Church, St Paul's Cray
Charlty Registration Number
1059986
Prlncipal Offlce Address
Kings Church, 159 Chipperfield Road, St Paul's Cray, Orpington BR5 2PZ
Tru8tee8
Dr Ade Magaji (Chairman)
Gideon Ojo
Elizabeth Davis
Devalletta Nathan
8anker8
Barclays Bank 167 High Street, Bromley
Accountants
JC Tawse FCA
Northview, The Street. Plaxtol, TN15 OQJ

King's Church, St Paul's Cray
Trustees, Annual Report
For the year ended 31st December 2023
The Trustees present their report along with the financial statements of the Charity for the year ended
31st December 2023.The financial statements have been prepared in accordance with applicable
accounting standards and follow recommendations in the Statement of Recommended Practi￿..
Accounting by Charities FRS 102 and are in accordan￿ with the Charities Act 2011.
Structure, Governance and Management
The charity received charitable status on 10th December 1996, under reference 1059986 and is
constituted by trust deeds. The address for communication with the charity and its trustees is given at
the end of this report.
There were no special trusts or restricted funds, other than in respect of the property, at the year-end.
The trustees are appointed by the elders of Kings Church, St. Paul's Cray. At 31 December 2023 these
were Timothy Akinluyi, Ahmed Ifabua, Edward Demi Ejegi, Kenny Iranoye, Didi Akinluyi, Tayo Daramola
and Tope Adebisi-Daniel and all significant decisions are made in conjunction with the elders of King's
Church.
The trustees do not receive specific training but are encouraged to attend relevant courses.
At the Trustee8' meetings held during the year the Trustees agree the strategy and areas of activity for
the Charity, including consideration of grant making, investment, reserves and risk management policies
and performance. All major risks including third party risks are insured. The Trustees consider future
expenditure carefully and do not enter into a contract until satisfactory funding is In place. Monthly
accounting information is issued to the leaders of the church.
The funds held by the charity are invested with a major UK bank.
ObJectlve8 and Activitie8
The objectives of the charity are to promote evangelical Christianity and to minister to the needs of the
poor in the Cray Valley area, The church continues to do this through its meetings on a Sunday and
mid-week, together with Involvement in specific activities in the wider community.
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and
fulfilment of the charitable objectives. There is no upper limit of support.
Achievements and perfomiance
The trustees are delighted with the progress made during the period, particularly in respect of continued
refurbishment of the church buildings.
The charity currently employs one full and three part time staff. The trustees consider that the church is
having an increasing impact on the local community, particularly arising from the availability of its
building. The trustees look forward to continuing with their work in the community during the forthcoming
year.
King's Church, St. Paul's Cray has continued to be part of the family of churches within New Frontiers
International (Charity Number.. 1006940) however there is no legal relationship between the parties.

King's Church, St Paul'8 Cray
Trustees. Annual Report
For the year ended 31 December 2023
Publlc Benefit
The charity is actively involved in the local community with its building being a base for this servi￿.
Below are some of the activities..
Over 60s coffee morning on Fridays
Two Alpha Courses per year, each lasting 14 weeks for interested members of the community
A bi-weekly youth club on Sunday afternoon which is open to young people of primary and
secondary school age in the local community
Support for some local churches in the immediate vicinity and beyond
Counselling
Free training courses on issues such as Christian marriage, raising Christian children and how to
study effectively (for secondary and post secondary students).
Helping some elderly people in the community with their shopping and providing free meals from
time to time.
In addition, the charity makes grants to other charities, operating internationally amongst the poof.
Flnanclal Revlew
The trustees report a surplus of £78,414 {2022'. surplus of £90,169) for the year. This is the result of
utilisation of the building extension which was completed in the prior year to be used for public benefit.
The Church look forward to further achieving the charitable objectives during the forthcoming year. The
trustees are particularly appreciative of the ongoing generous giving of members during the year, in a
difficult economic environment. In the coming year the plan is to use the accumulated reserves to do
major repair to the roofing of the Church House and Office which was last changed in 1965.
Re8erv88
The church has a policy of maintaining unrestricted reserves, other than as set aside for the building
project, within the range of a minimum of 3 months, to a maximum of 12 months of average expenditure.
Where the reserves fall outside this range, then a strategy needs to be formulated by the Trustees to
bring them back into line.
At the balance sheet date, the charity's unrestricted reserves fell within these limits, excluding money
ring fenced for the roofing project due to commence in 2025. The trustees continue to monitor the
financial position carefully and believe that the charity is generating sufficient funds to meet its liabilities
as they fall due over the next 12 months.
The Trustees are satisfied with the financial position of the Charity and confirm that they have adequate
assets available to fulfil their obligations.
Volunteers
The trustees acknowledge the work of a large number of unpaid volunteers who assist in the weekly
activities of the church and look foMard to the continuation of the charity's objectives during the
forthcoming year.

King's Church, St Paul's Cray
Trusto08' Annual Report
For the year ended 31 Decemb8r 2023
Rl8k Management
The trustees actively review the major risks which the charity might face, in particular those relating to
governance, reputation, operations and finance. The charity reviews 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 funds 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 return 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 are our safeguarding controls over those
adults who lead events involving children or vulnerable adults.
Future Plans
Our future plans revolve around being able to open up our completed buildings and continue to hold
public services on a Sunday together with events during the week, including those put on by local
organisations, utilising the church fully to support the community.
Tru8t••s' Re8ponsibllltle8
Charity law requires the Trustees to prepare financial statements for each financial year which give
true and fair view of the charity's financial activities 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 accounting records which disclose with
reasonable accuracy the financial position of the charity, and which enable us to ascertain the financial
position of the charity and to ensure that the financial statements comply with Charity Law. We are also
responsible for the safeguarding of the assets of the Charity and for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Trustees confirm that the accounts are prepared in accordance with applicable
accounting
standards and follow recommendations in the Statement of Recommended Practice.. Accounting by
Charities FRS 102 and are in accordance with the Charities Act 2011.
By order of the Trustees.
Dr Ade Magaji
Trustee
159 Chippeffield Road,
St Paul's Cray,
Orpington BR5 2PZ

King's Church, St Paul's Cray
Report Of The Independent Examiner to the Trustees of
King's Church, St Paul's Cray
I report to the Trustees on my examination of the financial statements of King's Church, St Paul's Cray
(the charity) for the year ended 31 st December 2023.
Responslbilltles and basls 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 2011
Act and in carrying out my examination, I have followed the applicable Directions given by the Charity
Commission under section 145{5}Ib) of the Act.
Independent examln•r'8 Statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the 2011
Act.. or
the financial ststements do not accord with those records., or
the financial statements 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 financial
statements to be reached.
Joanna Taw88 Bsc FCA
30 October 2024
Northview
The Street, PLAXTOL

Klng's Church, St Paul's Cray
Statement of Financial Activities
For the year ended 31st December 2023
Note
2023
2022
Incomlng Re8ource8
1{b)
Voluntary income
Investment income
360,061
341,495
294
363,065
341,789
Re8our¢e8 U8•d
1(c)
Charitable activities..
ministerial
outreach
support
grants
167,059
17,076
96,321
1,988
148,372
11,964
87,514
Governance costs..
Administration
Interest on secured loan
Professional fees
507
720
1,700
3,050
Total resources used
284,651
251,620
Net Incoming Re8ource8 for
the year
78,414
90,169
General Fund*
At 1st January 2023
Income for the year
1,536,088
78 414
1,445,919
At 31st December 2023
1,614,502
1,536,088
The notes on pages 8 to 11 form part of these accounts.

Charity No. 1059986
King's Church, St Paul'8 Cray
Balance Sheet as at 31st December 2023
Note
2023
2022
Fixed Assets
Property, plant and equipment
1,224,644
1,260,255
Curront A8sets
Tax Recoverable
14,708
12,520
Pre-payments and other debtors
1,500
1,500
Cash at bank and in hand
375,400
263,563
391,608
277,583
Credltor8, amounts falllng due
wlthln one year
Net Current A88ets
389 858
275 833
Total Asgets Le88 Current
Llabllltles
1,614,502
1,536,088
Net A880ts
1,614,502
1,536,088
Represented by
Unrestricted Fund
Restricted Fund
389.858
1224.644
275,833
1260 255
Totsl charlty fund8
1614 502
1536,088
These financial statements were approved by the board on October 2024
G.OJO
TRUSTEE
ADE MAGAGI
TRUSTEE

Klng's Church, St Paul's Cray
Financial Statements for the year ended 31st December 2023
Notes to the accounts
Accounting Policies
These accounts have been prepared under the historical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant note{s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practi￿.
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
and with the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102.
The principal accounting policies adopted are set out below.
(a) Going concem
Going concern At the time of approving the accounts, the trustees have a reasonable
expectation that the charity has adequate resources to continue in operational existence for
the foreseeable future. Thus, the trustees continue to adopt the going concern basis of
accounting in preparing the accounts.
(b) Incoming resources
Income including donations made under Gift Aid are taken into account when received by the
Charity. Income received in circUmstan￿S where a claim for repayment of tax has been or
will be made to HM Revenue and Customs is grossed up for the tax recoverable. Any
amounts of tax not yet reclaimed from HM Revenue and Customs are shown within the
charity's debtors.
Interest income is taken into account when receivable by the charity, regardless of when
payment is made.
Ic) Resources expended
Expenditure is accounted for on an accruals basis and allocated to the appropriate heading in
the accounts. Grants and donations payable are tsken into account at the earlier of when
they are paid or become legally enforceable.
Other than the normal commitments under contracts of employment there are no contractual
or constructive obligations to future expenditure at the balance sheet date. Where the
trustees have authorised expenditure which is not yet legally enforceable or before
constructive obligations have arisen, amounts are set aside into funds designated for the
purpose.
(d)
Fixed Assets and Depreciation
Fixed assets costing over £500 a￿ capitalised and carried at cost. They are depreciated on a
straight line basis over the following periods..
Land".
Buildings..
Plant-
Equipment.,
Motor vehicles
50 years
10 years
5 years
3 years

King's Church, St Paul's Cray
Flnancial Statements for the year ended 31st December 2023
Notes to the accounts Icontlnued)
(e) Govemance costs
Governance costs relate to the general running of the charity as a legal entity and are not
connected with generating income or charitable expenditure.
Critlcal accounting estlmates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other SoUr￿s. The estimates and associated assumptions are based on historical
exFerience and other factors that are considered to be relevant. Actual results may differ from these
estimates
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods ￿ere the revision
affects both current and future periods.
Property, plant and equlpment
Fre
Pro
Plan
Mo
vehicle
Fixture
and
Fittin
Cost
At 1 st January 2023
Additions
1,500,000
310,250
2,650
99,801
1,912,701
At 31st De￿mber 2023
1500 000
318469
1920 920
Depreciation
At 1 st January 2023
Charge for the year
290,000
264,562
2,650
95,234
652,446
43 830
At 31st De￿rnber 2023
310,000
283 825
2,650
696 276
Net book value
At 31 st December 2023
1 190,000
1224,644
At 31st December 2022
1,210 000
45,688
4,567
1260,255
Voluntary Income
2023
2022
Offerings
Tax recoverable
Rental income
Other income
259,842
54,453
42.504
3,262
247,798
53,716
39,981
360,061
341,495
The principal source of income comes from offerings at the Sunday services, together with tsx
relief where Gift Aid is relevant.

10
King's Church, St Paul's Cray
Financial Statements for the year ended 31st December 2023
Notes to the accounts (continuodl
Charitab16 Activltie8
An analysis of the direct charitable expenditure is as follows..
2023
202
Minlsterlal:
-staff
-social security costs
-pensions
133,517
14,609
17,624
125,735
15,532
4,758
Leaders expens88 and conferenceg and travel
165,750
1,309
146,025
2,347
167 059
148 372
The average number of employees during the year was 3. One (2022.. 31 member of staff earned
over £60,000 during the year.
Pension contributions are paid to defined contribution arrangements.
2023
2022
Outreach:
catering
evangelism
- coffee shop expenses
6,261
9,427
3,150
8,122
692
Outreach costs relate to the Church's activities outside of its Sunday meetings.
202
2022
Support:
music
building expenses
stationery, copying and telephone
training
equipment and repairs
utilities
sundry expenses
- website development
- depreciation
385
17,523
234
1,076
19,125
11,018
357
2,773
350
15,078
284
2,638
10,552
11,047
797
2,015
96,321
87,514
Support costs represent the costs of operating church meetings and the running of an office.
Grants paid to individuals relate to visiting speakers and specific hardship circumstances.

King's Church, St Paul's Cray
11
Flnancial Statements for the year ended 31st December 2023
Notes to the accounts (contlnued)
Credltor8, amounts falllng due within one year
2023
2022
Accruals
Other creditors
1,750
1,750
1,750
1,750
Fund8
Unrestricted
ner
Restricted
Buildin
Fund
As at 1st January 2022
Deficivsurplus for the year
Transfer froml{tol building fund
143,790
90,169
41,874
1,302,129
{41,874)
As at 31 December 2022
Deficivsurplus for the year
Transfer froml(to) building fund
275,833
78,414
1,260,255
As at 31 st December 2023
389,858
1,224,644
As at 31 st December 2023 the net assets of the charity comprised.
eneral
Fun
Buildin
Fund
Fixed assets
Debtors
Creditors
Cash
1,224,644
1,224,644
16,208
11,750)
375 400
16,208
(1,750)
375 400
389,858
1,224,644
1,614,502