CHARITY REGISTRATION NUMBER: 1065048
Kingsway Christian Fellowship
Unaudited Financial Statements
31 December 2023
MATTOCKS GRINDLEY
Chartered Accountants
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OINN

Kingsway Christian Fellowship
Financial Statements
Year ended 31 December 2023
Page
Trustees, annual report
Independent examineff s report to the trustees
10
Statement of financial activities
11
Statement of financial position
12
Notes to the financial statements
13
The following pages do not forni part of the financial ststements
Detailed statement of financial activities
23
Notes to the detailed statement of financial activities
25

Kingsway Christian Fellowship
Trustees. Annual Report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended
31 December 2023.
Reference and administrative details
Registered charity name
Kingsway Christian Fellowship
Charity registration number
1065048
Prlnclpal office
Kingsway Christian Centre
Church Road
Waterloo
Liverpool
L22 SNA
The trustees
Mrs R A Fems
Mrs A Martin
Mr P S Bentley
Mrs A J Thompson
{Appointed 23 August 2023)
(Retired 25 July 2023)
Independent examiner
Mr G Mattocks FCA
18 Mulberry Avenue
Tumstone Business Park
Wdnes
Cheshire
WA8 OWN
Structure, governance and management
Kingsway Christian Fellowship was registered as a Charity with the Charities Commissioners on 26
June 1980 and its registration number is 1065048.
The Fellowship is domiciled at Kingsway Christian Centre, Church Road, Waterloo, Liverpool L22 SNA,
which is the registered address. The Fellowship is a charitable trust - the governing document being the
Trust Deed dated 26 June 1980, as amended by subsequent deeds. The current Trustees are Mrs.
Rosemary Anne Ferns and Mr P. S. Bentley who were appointed by the Elders.
The Trustees play an active and supportive role in ensuring the Church's expressed aims and objectives
are advanced and properfy resourced. Effective monitoring safeguards are in plats to ensure the church
finances are protected from fraudulent misuse and inappropriate allocation. A Safeguarding Policy is
also in place and regularly reviewed in accordance with appropriate legislation. Procedures are in place
to assist with safer recruitment,. appropriate persons are appointed to deal with issues arising relating to
allegations or concems about behaviour toward children, young people or vulnerable adults.
Appropriate and up to date safeguarding training is provided for those involved in ministry.
The Trust's bankers are HSBC Bank plc, 197 Stanley Road. Bootle, Merseyside L20 3DX,' and the
accountants are Mattocks Grindley, Chartered Accountants, 18 Mulberry Avenue, Turnstone Business
Park, Widnes, Cheshire WA8 OM.

Kingsway Christian Fellowship
Trustees. Annual Report (eontlnued)
Year ended 31 December 2023
Objectives and activities
Advancement of Christian belief and knowledge, to make Jesus Christ known to every man, woman,
and child in the community, to build the Kingdom of God. All the Church's activities and effort are
developed towards those ends and to provide a general benefit to the community by reaching out in
love and generous giving.
Klngsway's Jubllee Year In 2023
In 2023 Kingsway celebrated our 50th year anniversary, having been established in April 1973 meeting
from house to house both in 'Kingsway' and 'College Road, Crosby. The Church building, situated in
Church Road, Waterloo, was subsequently opened 10 years later on the 16th April 1983.
It was wonderful to ￿lebrate with many longstanding friends and members of the Fellowship on 16th
April 2023, fifty years on. In recognition of the event, a keepsake photo book was produced providing
some lovely memories of just a few of the memorable events and people who have been involved over
the years.
Our keepsake acknowledged the fact that God has been faithful through the years and will remain faithful
in the years to come, Know therefore that the Lord your God,. he is the faithful God keeping his covenant
of love to a thousand generations of those who love him and keep his commandments. (Deuteronomy
We also mourned the loss and celebrated the life of a much-loved friend, who was a father in the faith,
a founder member and elder of Kingsway Christian Fellowship. Gordon Nelson was promoted to glory
in 2023. He is greatly missed, and fellowship owes him a great debt of thanks. He is "absent from the
b)dy present with the Lord'l
Kindlers {Pre-School children)
The Kindlers ministry operates each Sunday and provides a safe environment for pre-school children to
learn about God through play, drama, craft, music, and interactive storytelling. Parents are heavily
involved in this group and enjoy fellowship with one another and develop friendships and wider support
networks for their young families. Following the Pandemic the decision was made to keep three of the
older children in this group to help them develop their social skills, therefore no children were moved
into the Kids Church 1 Group.
Kids Church (Reception to year 3)
Kids church is a ministry that operates each Sunday providing children of primary school age with a safe
environment to play, create and learn about God. The sessions engage the children with craft, music,
digitsl media, storytelling, and high-energy games. The children develop strong social bonds with each
other and really look forward to taking part in this group each week. We have had some new volunteers
join the Kids Church team this year.
Kids Church 2 (Year 4 to year 6}
Kids Church 2 operates each Sunday providing children with opportunities to leam about God. The
sessions engage the children with craft, music, digital media, storytelling, and high-energy games, which
encourage them to develop friendships. A number of children moved up into Youth Church.
Klds Small Group
KSG is a group to help our kids grow in their walk with Jesus where they can spend time with others
who are like them, and some who aren't. They are encouraged to love like Jesus loved through kind
words and actions and enjoy each otherfs company through games and activities. Loving God together

Kingsway Christian Fellowship
Trustees. Annual Report (contlnued)
Year ended 31 December 2023
through worship and praying for one another. KSG is currently for children of church families but may
be opened up to the community at some point in the future.
Youth Church (Secondary school age chlldren)
Youth church is held each Sunday for secondary school age young people. It helps them to develop
both socially and spiritually. The topics taught and discussed are aimed specifically at issues that young
people in the modem world fa￿. The young people have also purchased Christmas gifts to give to
single pensioners at Christmas and develop their own ministry to the younger children in Kids Church.
We have a number of new volunteers working with this age group.
Youth Group (Secondary school age children)
Youth Group is held on a Friday evening (term time only) for secondary school age young people. It
helps them to develop both socially and spiritually. The topics taught and discussed are aimed
specifically at issues that young people in the modem world face. The young people are encouraged to
develop friendships and teamwork.
Dave Courtney
Ministry to Marriage
The Ministry to Marriage supports married couples and families in the church and our community,
together with those preparing for marriage.
The 'Marriage Sessions, course is for Couples who have been married fr)r years or newlyweds. The
course provides the opportunity to invest in and enrich their marriage relationship. The course provides
a concise and comprehensive approach to four key factors in marriage:
Cherish- keeping love alive= Connect - all about communication.. Collaborate - dealing with conflict=
Commit- choosing to love when things get tough.
For those preparing for marriage we continue to use 'The Marriage Preparation Course" produced by
Alpha International which covers 5 key areas including..
Leaming to Communicate
Resolving Conflict
Commitment in marriage
Connection, discovering each othe¢s needs
Adventure - the opportunity and challenges of married life

Kingsway Christian Fellowship
Trustees, Annual Report l¢ontlnu•d)
Year ended 31 December 2023
ObjectNes and activities (continued)
Age Well
The Age Well Group, under normal circumstances, meets every Friday and was developed to enhance
the well-being of its members through Fellowship, fvjn & mutual support...Spirit, Soul & Body.
The group conslsts of mature members from Kingsway who have a well of experience and wisdom
which we tap into, in order to look to the future with a positive and purposeful outlook.
We all face challenges, at every season of life, and hope to help and support each other on thejourney
whether through bereavement, isolation, caring responsibilities, or chronic physicavmental health
issues.
The Group has elements of a typical small group (with added extrasl) We come together, wrth a cuppa,
and as family, we move on to Bible study, worship, prayer, quizzes and games before ending each
session with lunch. Due to the nature and fomiat of the group,. maintsining intimacy and trust- creating
a Dementia Friendly environment.
"Even to your old age and grey hairs l am He who will sustsin you. I have made you and I will cary you.,
I will sustain you and I will rescue you.. Isaiah 46..4
Our aim is to continue to grow in the knowledge and love of God through sharing our lives and from a
vital connection with Jesus and each other. Over the past year or so some of the members have
experienced health difficulties and bereavement that have been challenges to themselves and their
families. We have supported each other with prayer and on-going 'connection'. The group continues to
develop in our relationship with Jesus and each other and there is a growing confidence in our love for
each other and our vital position in the Body of Christ.
Waterfoo Station Team
On 24th November 2010 Kingsway adopted Walerloo Station, providing flower displays and maintaining
these throughout the year. A team of volunteers continues to maintain the displays and pray for the
safety and wellbeing of travellers who pass through this gateway and for station staff. From time to time
there is opportunity to engage in conversation with travelling commuters as they comment on the
displays.
Wendy Imlcox
Llttle Angels Toddler Group
The toddler group is a community group for children ranging in age from new-bom babies up to 4 years
old who attend with their parent or carer. The group is staffed by volunteers both from the church and
from the community.
The group operates on a Tuesday and Wednesday moming during term time only and is attended by
on average around 70 children and their adult carers each week.
The children are able to play with a large range of toys and equipment and can take part in a craft activity
which they can then take home with them. During the session the children are provided with a snack
and a drink which they have either sitting at the tables or in the highchairs. Sitting together and sharing
helps with their social development. Towards the end of each session there is a song time with a mix of
both secular and Christian children's action songs.
Sue Thompson
The 65+ Group
We are a group of about 18 - 22 people that meet once a Month.
We come together to meet with God and share his goodness with each other. We meet with God

Kingsway Christian Fellowship
Trustees, Annual Report (continued)
Year ended 31 December 2023
Objectlves and activities {contlnuodJ
through prayer, praise, and worship, and listen to what he wants to say to us. We support and help each
other in many different ways, both inside and outside of the meeting.
Eddie Rainger
Pastoral Visiting Team
The pastoral team visits those who are elderly, sick, isolated, or housebound ensuring they are included
in the lrfe of the Fellowship. The pastoral team continues to offer friendship, help with practical needs
as well as mLrtual encouragement and spiritual groW(h.
Alpha
We ran the Alpha course in the springlsummer in 2023 with 25 guests in attendance.
The Alpha Course is an 11-week course introducing the basics of the Christian faith through a series of
talks. The course gives people with little or no knowledge of Christianity the chance to explore the
meaning of life in an atmosphere of friendship, and wth food. The Alpha Course is created to outline
core principles of Christian faith that all denominations agree on.
Freedom In Christ Course (FIC)
We ran FIC in Autumnlwinter 2023 with 20 guests attending the course.
FIC is a 10-week course and with an away day to help people find freedom from spiritual issues that
might be holding them back.
The course facilitates effective discipleship in a straightfomard way using sound biblical teaching to
help people to take hold of the truth of exactly what happened when they became a Christian, resolve
personal and spiritual issues and to make following Jesus a way of life.
Renew Café Kingsway
Renew Café Kingsway launched its Renew Café in 2023, which subsequently has been renamed 'Café
@ Kingsway. The vision was for a friendly place where people can come into a warm space during the
winter months and find friendship all year round.
The Café provides free refreshments for anyone in the community, along with an opportunty to engage
in an activity, such as, playing cards and board games, a craft, jigsaw puzzle or simply coming for a
chat and a cuppa.
A quiet space has been created for times of prayer and reflection for those who want to refiect on
scripture and have a time of prayer facilitated by one of our volunteers.
The Café space is used by those who are committed to the church as well as locals and visitors to
Waterloo.
Wider Involvement
Prayer
Prayer is at the heart of all that we do as a Church. Regular prayer meetings take place on Sunday
momings and an evening meeting on the First Sunday in the month along with seasons of prayer and
prayer times during small group meetings and various other activities during the week. Prayer powerfully
impacts the life of the church and its mission.

Kingsway Christian Fellowship
Trustees, Annual Report (continued)
Year ended 31 December 2023
Objectlves and activities {contlnu•rfJ
Kingsway together with the 'lnternational Christian Embassy Jerusalem, (ICEJI and 'Prayer for Israel,
started to host a fortnightly regional prayer meeting for Israel and the region following the attack on
Israel by Hamas terrorists on 7th October. People continue to gather for prayer and intercession for the
release ofthe hostages, an end to Hamas and the war along with wider peace in the region.
We have continued to pray into the church vision to Reach our community with the'Good News, of Jesus
Christ, to see Broken lives restored and to see the body of Christ built up and Refreshed. We also pray
for God to breakthrough in many ways such as in healings, relationships, family, employment, ministry
and in many other areas.
Online prayer makes it possible to continue to join national and intemational prayer initiatives such as
daily prayer meetings for Israel the ongoing conflict, the ICEJ "Rosh Chodesh" prayer initiative and
others.
The WhatsApp prayer initiative now called the "Prayerforce" has continued to grow, and the group has
supported, in prayer, those in the church and many others known by church members as they recover
from sickness, undergo medical treatment or have other prayer needs.
Our Zoom prayer meeting each Thursday has continued since the Covid outbreak and has met weekly
since 2020.
Together for the Harvest (TFH)
TFH is an association of churches working together to present the good news of Jesus Christ to every
man, woman, and child in the Merseyside region. As an active member of TFH Kingsway shares its aim
that by working together and mobilising Christians to action, a positive difference can be made in our
communrties bringing both spiritual and social transformation to our region. This aim is achieved through
unity amongst leaders and churches in the region by prayer and mobilising Christians to express the
love of God in both words and action. Kingsway continues to draw local leaders in the North Mersey
Region together for Regional TFH prayer meetings as well as involvement in the wider initiatives across
Merseyside.

Kingsway Christian Fellowship
Trustees. Annual Report (¢ontInu￿)
Year ended 31 December 2023
Achlevements and perfonnance
The vision for Kingsway continues to develop wth a greater awareness and focus on our call to be a
'House of Prayer, and a true reflection of Christ, as his body, on earth. We long for every man, woman,
and child to both hear and see in action the good news message of God's great love and mercy.
Kingsway is a thriving community of Christians who love God, love one another and who reach out to
others with the love of God. Central to our vision, our small groups help people to grow in the Christian
faith as disciples of Jesus Christ.
We gather in many contexts wth purpose,. to pray, to study the Bible and apply it to daily life, to develop
friendship, to support one another in the ups and downs of life, eat together, provide opportunities for
spiritual growth and for serving others both inside and outside the groups. However people connect into
the life of the church, they are made to feel welcome and valued. It is our continued aim to encourage
one another to be wholehearted disciples of Jesus.
INe are blessed to be part of God's family which demonstrates love for God and one another as part of
every day life together. We continue to value the need for a personal walk with God that bears fruit in
family, workplaces, neighbourhoods, and the widerworld. As it says in Romans 12.5, we are'individually
members of one another."
Kingsway is a community that cares for one another demonstrating God's love in word and deed.
In the coming year we will continue to demonstrate and proclaim the love of God, seek to strengthen
families, pray for renewed hearts and for transformed lives. We see this happening as we continue to
pray and humble ourselves before God, offering our lives to him in total surrender, using our given gifts
and talents for the purpose God intended in our lives.
Blessings
Rob Payet, Pastor
Financial review
The Financial result of the period under review shows a deficit of £1,669 which is in line with
expectstions.

Kingsway Christian Fellowship
Trustees. Annual Report {¢ofttiftued)
Year ended 31 December 2023
Plans for future periods
Kingsway will seek to be an Influen￿ for good in our local community and beyond as we live authentic
lives as disciples of the Lord Jesus Christ. We will endeavour to be fully devoted, wholehearted disciples
of the Lord Jesus Christ to bring positive transfonnation in our homes, communities, workplaces, with
family and friends and to the worfd.
Kingsway will continue to listen and respond to the call of God in the coming season. We recognise that
it is God who builds His church as we surrender to His will both corporately and as individuals. Prayer
remains central to our call and ministry along with a commitment to deepening relationships and
connectedness as a body.
We will work to encourage our children and young people, support and care for our older generation
and provide opportunities for all those who love the Lord Jesus to serve Him as reach out to our
communities and beyond with the love of God in the power of the Holy Spirit, with expressions of
generosity and unashamed faithfulness to the gospel message.
We will continue to develop wider ministry and service to bring transformation and hope to the
community. We will continue to focus on the three key areas of the vision to., Reach the lost, Restore
the broken and Refresh believers.
We will work closely with other local churches and through the 'Together for the HaNest' nthork of
churches take forward the vision to help every man, woman and child hear the good news about Jesus.
We will continue to build on the success of our Small Groups, in all it's expressions, aiming to have
maximum engagement of the church in fellowship and reaching out to the wider community.
We will continue to develop our worship ministry team and expressions of worship in the church.
We will continue to engage with those who have little or no experience of church, encouraging
connectedness in relationships, opportunities for people to share their faith story and build strong
community and fostering a discipleship culture.
We will explore opportunities to support local and overseas missions with a view to more active
involvement in missions and arranging an overseas mission for our young people.
We will Introdu￿ regular seasons of worship and fun activities giving plenty of opportunities to invite the
wider community to join in.
We will equip our church congregation to become more fluent and confident to share their faith story
with others and to be encouraged to reach out to those who have not yet found faith in Jesus.
We will explore new ministry opportunities and develop existing ministries where appropriate, to help
th the spiritual, practical, and emotional needs of those in our community.
Public beneflt
Kingsway continues to provide voluntary services that make a considerable contribLrtion to the
community and a significant public benefit.
All the ServI￿S highlighted in this report are open to the public, as are Sunday worship Servi￿$. The
church building has also been made available for elections and for use by other local agencies.

Kingsway Christian Fellowship
Trustees. Annual Report (eontlnued)
Year ended 31 December 2023
The trustees, annual report was approved on ......... .
trustees by:
signed on behalf of the board of
Mrs R A Fems
Trustee
Mr P S Bentley
Trustee

Kingsway Christian Fellowship
Independent Examiner's Report to the Trustees of Kingsway Christian
Fellowship
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of Kingsway Christian Fellowship
I'the charity,) for the year ended 31 December 2023.
Responslblllties and basis of report
As the trustees of the charity you are ￿spOnsible for the preparation of the financial ststements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examlnerfs ststement
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-
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial statements 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 wtth the examination to which
attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be
reached.
Mf G Mattocks FCA
Independent Examiner
18 Mulberry Avenue
Turnstone Business Park
Mfidnes
Cheshire
WA8 OWN
l¢/£lLIt
10

Kingsway Christian Fellowship
Statement of Financial Activities
Year ended 31 December 2023
2023
Restricted
funds Totsl funds Total funds
2022
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
other income
125,207
750
987
18.648
125,207
750
987
18,648
114,867
700
140
19,477
Totsl Income
145,592
145,592
135,184
Expenditure
Expenditure on charitable activities
Total expenditure
147,350
147,350
147,350
134,098
147,350
134,098
Net gainsl{losses) on investments
11
89
89
(8)
Net (expenditurellincome
(1,669)
{1,669)
1,078
Transfers between fvnds
(742)
742
Net movement In funds
(2,411)
742
(1,669)
1,078
Reconciliation of funds
Total funds brought fO￿ard
Total funds carried forward
460,474
1,475
461,949
460,871
458,063
2,217
460,280
461,949
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activrties.
The notes on pages 13 to 21 forni part of these financial statsments.
11

Kingsway Christian Fellowship
Statement of Financial Position
31 December 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
Investments
16
17
388,980
365
394,231
276
389.345
394,507
Current assets
Debtors
Cash at bank and in hand
18
1,029
73,661
74,690
1,130
68,391
69,521
Credltors: amounts falling due within one year
Net current assets
19
3,755
2,079
70.935
67,442
Total assets18ss current liabilities
460,280
461,949
Net assets
460,280
461,949
Funds of the charity
Restricted funds
Unrestricted funds
2,217
458,063
1,475
460,474
Total charity funds
21
460,280
481,949
These
ncial statements were approved by the board of trustees and authorised for issue on
nd are signed on behalf of the board by..
QFe<
Mrs R A Ferns
Trustee
Mr P S Bentley
Trustee
The notss on pages 13 to 21 fonn part of these financial statsments.
12

Kingsway Christian Fellow3hip
Notes to the Financial Statements
Year ended 31 December 2023
General Infomiation
The charity is a public benefit entty and a registered charty in England and Wales and is
unincorporated. The address of the principal office is Kingsway Christian Centre, Church Road.
Waterloo, Liverpool, L22 SNA.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accounting policies
Basls of preparation
The financial ststements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estlmation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectstions of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment
funds.
13

Kingsway Christian Fellowship
Notes to the Financial Ststements (¢ofttinuedJ
Year ended 31 December 2023
Accounting pollcles (¢ofttinuedJ
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable. justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
14

Kingsway Christian Fellowship
Notes to the Financial Statements (contlnu•d)
Year ended 31 December 2023
Accountlng policies (continued)
Depreclation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows-
Propety
Fixtures & Fittings
Equipment
2 % reducing balance
250h reducing balance
25 % reducing balance
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit
or loss.
Impairment of fixed assets
A review for indicators of impairment is Ca￿led out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted at a market rate of interest
for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or re￿iVed and not discounted.
Where investments in shares or preference shares are publicly traded or their fair value can
otherwise be measured reliably, the investment is subsequently measured at fair value with
changes in fair value recognised in income and expenditure. All other such investments are
subsequently measured at cost less impairment.
Defined contributlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arises.
15

Kingsway Christian Fellowship
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Offerings
Donations
123,787
1,420
123,787
1,420
125,207
12S.207
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donatlons
Offerings
Donations
112,411
1,656
112,411
2,456
800
114,067
800
114,867
Charltable actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Centre Hire
750
750
700
700
Investment income
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest receivable
Dividends
976
976
11
128
12
128
12
987
987
140
140
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Gift Aid
18,648
18.648
19,477
19,477
16

Kingsway Christian Fellowship
Notes to the Financial Ststsments (Conthufyd)
Year ended 31 December 2023
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Direct Charitable Activity
Support costs
145,299
2,051
145,299
2.051
147,350
147,350
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Direct Charitable Activity
Support costs
132.018
1,977
103
132,121
1,977
133,995
103
134,098
Expendlture on charitsble activities by activity type
Activities
undertaken
directly
Support Total funds
costs
2023
Total fund
2022
Direct Charitable Activity
Governance costs
145,299
145,299
2,051
147,350
132,121
1,977
2.051
145,299
2,051
134,098
10. Analysis of support costs
Analysis of
support costs Total 2023 Total 2022
Finance costs
Govemance costs
125
1,928
2.051
125
1,926
2,051
123
1,854
1,977
11. Net gainsl(losses) on investments
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Gainsl(losses) on listed investments
89
89
(8)
(8)
12. Net (expenditure)lincome
Net (expenditure)lincome is ststed after chargingl{crediting)-
2023
2022
Depreciation of tangible fixed assets
11,440
10,777
17

Kingsway Christian Fellowship
Notes to the Financial Ststements {¢ontinu•dJ
Year ended 31 December 2023
13. Independent examination fees
2023
2022
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,926
1,854
14. Staff costs
The average head count of employees during the year was 4 (2022: 4).
No employee received employee benefits of more than £60,000 during the year (2022.. Nil).
IS. Trustee remuneratlon and expenses
One trustee has been paid remuneration from employment with the charity.
Existing employee, Mr Peter Bentley, who became a Trustee on 8 June 2022, received a salary of
£20,827 for his position as Treasurer. Employer pension contributions of £583 were also made.
16. Tangible fixed assets
Land and Fixtures and
buildings
fittings
Equipment
Total
Cost
At 1 January 2023
Additions
462,375
39,248
3,127
28,822
3,062
530,445
6,189
536,634
At 31 December 2023
462.375
42,375
31,884
Depreclation
At 1 January 2023
Charge for the year
At 31 December 2023
76,872
7,710
32,868
2,377
26,474
1,353
136,214
11,440
84,582
35,245
27,827
147,654
Carrylng amount
At 31 December 2023
377,793
7,130
4,057
388,980
At 31 December 2022
385,503
6,380
2,348
394,231
18

Kingsway Christian Fellowship
Notes to the Financial Ststements (continued)
Year ended 31 December 2023
17. Investments
Listed
investments
Cost or valuation
At 1 January 2023
Additions
Fair value movements
276
At 31 December 2023
365
Impairnient
At 1 January 2023 and 31 December 2023
Carying amount
At 31 December 2023
365
At 31 December 2022
276
All investments shown above are held at valuation.
Listed investments
The aggregate market value of listed investments is £365 (2022= £276).
Financial assets held at fairvalue
The listed investments consist of111 Santander shares. The fair value is based on the share price
of £3.290 at 31 December 2023 (£2.485 at 31 December 2022).
18. Debtors
2023
2022
Prepayments and accrued income
Other debtors
699
330
800
330
1.029
1,130
19. Creditors: amounts falling due wlthln one year
2023
2022
Accruals and deferred income
3,755
2,079
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £2,23612022.' £1,616).
19

Kingsway Christian Fellowship
Notes to the Financial Statements (continued)
Year ended 31 December 2023
21. Analysis of charitable funds
Unrestrlcted funds
At
1 Jan 2023
Gains and
At
losses 31 Dec 2023
Income Expenditure
Transfers
Unrestricted Fund
460,474
145,592
(147,350)
(742)
89
458.063
At
1 Jan 2022
Gains and
At
losses 31 Dec 2022
Income Expenditure
Transfers
Unrestricted Fund
460,093
134,384 (133,995)
(8)
460,474
Restricted funds
At
1 Jan 2023
Gains and
At
losses 31 Dec 2023
Income Expenditure
Transfers
Restricted Fund
1,475
742
2,217
At
1 Jan 2022
Gains and
At
losses 31 De¢ 2022
Income Expenditure
Transfers
Restricted Fund
778
800
{103)
1,475
The balance in the restricted fund of £2,217 consists of the following..
2023
Musicians
Youthchild
142
2,075
2,217
20

Kingsway Christian Fellowship
Notes to the Financial Statements (contlnu•d)
Year ended 31 December 2023
22. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
CredÈtors less than 1 year
Net assets
388,980
365
72,473
(3,755)
458,083
388,980
365
74,690
(3,755)
460,280
2,217
2,217
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
394,231
276
68,046
(2,079)
460,474
394,231
276
69.521
(2,079)
461,949
1.475
1,475
23. Financlal Instruments
The charity currently holds no financial instruments.
21

Kingsway Christian Fellowship
Management Infonnation
Year ended 31 December 2023
The following pages do not form part of the financial statements.
22

Kingsway Christian Fellowship
Detailed Statement of Financial Activities
Year ended 31 December 2023
2023
2022
Income and endowments
Donations and legacies
Offerings
Donations
123,787
1,420
112,411
2,456
125,207
114,867
Charltable activltles
Centre Hire
750
700
Investment Income
Bank interest receivable
Dividends
976
11
128
12
987
140
Other Income
Gift Aid
18,648
19,477
Total Income
145,592
135,184
Exp8ndÉture
Expenditure on charitable activities
Wages and salaries
Employels NIC
Pension costs
Rates and water
Repairs and maintenance
Insurance
Other motorltravel costs
Legal and professional fees
Telephone
Other office costs
Depreciation
Other interest payable and similar charges
OutreachlEventslConcerts
Donations, Missions & Subscriptions
Children & Youth
85,015
1,807
2,236
7,010
12.226
3.227
554
1.926
90
6.310
11,440
125
6,317
4,478
4,589
74,879
1,288
1,616
5,308
16,797
4,396
1,019
1,854
747
5,035
10,777
123
2,727
3,800
3.732
147,350
134,098
Totsl expenditure
147,350
134,098
23

Kingsway Christian Fellowship
Detailed Statement of Financial Activities (¢ontlnu8d)
Year ended 31 December 2023
2023
2022
Net gainsl{losses) on investments
Gainsl(losses) on listed investments
89
(8)
Net (expènditure)lincome
(1,669)
1,078

Kingsway Christian Fellowship
Notes to the Detsiled Ststement of Financial Activities
Year ended 31 December 2023
2023
2022
Expenditure on charitable actlvltles
Direct Charitable Activity
Activities undertaken directly
Wageslsalaries
Employerfs NIC
Pension costs
Rates, water, light and heat
Repairs & Maintenance
85,015
1,807
2,236
7,010
12,226
74,879
1,288
1,616
5,308
16,797
E li
Insurance
Motornravel costs
Telephone
Sundry costs
Depreciation
OutreachlEventslConcerts
Donations, Missions & Subscriptions
Children & Youth
3,227
554
90
6,310
11.440
6,317
4.478
4.589
4,396
1,019
747
5,035
10,777
2,727
3,800
3,732
132,121
145,299
Governance costs
Governance costs - accountancy fees
Bank Charges
1,926
125
1,854
123
2,051
1,977
Expenditure on charttable activities
147,350
134,098
25