CHARITY REGISTRATION NUMBER: 1065048 Kingsway Christian Fellowship Unaudited Financial Statements 31 December 2024 MATTOCKS GRINDLEY Chartered Accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OVIN
Kingsway Christian Fellowship Financial Ststements Year ended 31 December 2024 Page Trustees, annual report Independent examinerfs report to the trustees 11 Statement of financial activities 12 Statement of financial position 13 Notes to the financial statements 14 The following pages do not form part of the financial ststements Detailed statement of financial activities 24 Notes to the detailed statement of financial activities 25
Kingsway Christian Fellowship Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 December 2024. Refence and administrative detalls Registered charity name Kingsway Christian Fellowship Charity registration number 1065048 Prfnclpal offlce KingsvRy Christian Centre Church Road Waterloo Liverpool L22 SNA The trustees R A Ferns P S Bentley C Alexandrou A J Edward S E Collins A M Martin (Appointed 30 January 2025) (Appointed 25 February 2025) (Appointed 02 March 2025) (Retired 27 January 2025) Independent examlner Mr G Mattocks FCA 18 Mulberry Avenue Turnstone Business Park Wdnes Cheshire WA8 OWN
Kingsway Christian Fellowship Trustees, Annual Report {¢ontinued) Year ended 31 December 2024 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 Fems 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 properly resourced. Effective monitoring safeguards are in place to ensure the church finances are protected from fraudulent misuse and inappropriate allocation. A Safeguarding Policy is also in place and regularly reviewed in accordan 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 concerns 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, Tumstone Business Park, Widnes, Cheshire WA8 OVIJN.
Kingsway Christian Fellowship Trustees. Annual Report (contlnu•d) Year ended 31 December 2024 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. 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. We have had several new youngsters join in and some moving up to Kids church this year. 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, digrtal 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. Klds Church 2 (Year 4 to year 6) Kids Church 2 operates each Sunday providing children with opportunities to learn about God. The sessions engage the children wth craft, music, digital media, storytelling, and high-energy games, which encourage them to rjevelop friendships. A number of children moved up into Youth Church. Klds Small Group KSG is a Small Group to help our kids grow in their walk wf(h Jesus. A safe place for them to be themselves around others who know and love them. They are encouraged to love like Jesus loved through kind words and actions and enjoy each other's company through games and activities. Loving God together through looking at the bible, worship and praying for one another. KSG is currentiy for children of church families but may be opened up to the community at some point in the future. Youth Church (Secondary school age children) 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 modern world face. Youth Group (Secondary school aged chlldren) Youth Group is held on a Friday evening during school tem times. It's a fun time of sports, games and crafts in an environment designed to encourage friendships. Sessions are rounded off with a Devo - a short age specific devotional. Ministry to Marriage
Kingsway Christian Fellowship Trustees. Annual Report leontlnu•d) Year ended 31 December 2024 The Ministry to Marriage supports married couples and families in the church and our community, together with those preparing for malage. The 'Marriage Sessions, course is for Couples who have been married for 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 Pre-marriage Course" produced by Alpha International which covers 5 key areas including.. Leaming to Communicate Resolving Conflict Commitment in marriage Connection, discovering each other's needs Adventure - the opportunity and challenges of married life We celebrated the MalageS of Tom & Hannah Alexandrou and Leigh and Hannah Hancox.
Kingsway Christian Fellowship Trustees. Annual Report (continued) Year ended 31 December 2024 Objectives and activitles (continued) Age Well The Age Well Group meets every Friday and was developed to enhance the well-being of its members through Fellowship, fun & mutual support...Spirit, Soul & Body. The group consists 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 the journey whether through bereavement, isolation, caring responsibilities, or chronic physicallmental heallh issues. The Group has elements of a typical small group (with added extraslj. We come together, with 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 format of the group., maintaining intimacy and trust- creating a Dementia Friendly environment. "Even to your old age and grey hairs l am He who will sustain you. I have made you and I will carry 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 heatth 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. Waterloo Ststion Team On 24th November 2010 Kingsway adopted Waterlco 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 Wilcox Llttle Angels Toddler Group The toddler group is a community group for children ranging in age from new-born 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 INednesday morning during term time only and is attended by on average around 60 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 ofeach 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 2024 Objectlves and actlvltles (¢ontinu•d) through prayer, praise, and worship, and listen to vthat 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 Visltlng Team The pastoral team visits those who are elderly, sick, isolated, or housebound ensuring they are included in the life of the Fellowship. The pastoral team continues to offer friendship, help with practical needs as well as mutual encouragement and spiritual growth. Alpha The Apha 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 with food. The Alpha Course is created to outline core principles of Christian faith that all denominations agree on. Freedom In Chrlst Course {FlC) 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 straighfforward 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. Café @ Klngsway 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 opportunity 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. 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 together with the 'lnternational Christian Embassy Jerusalem, (ICEJ) 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 2023. People continue to gather for prayer and intercession for the release of the 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
Kingsway Christian Fellowship Trustees. Annual Report (continued) Year ended 31 December 2024 Objectives and actlvltles (Continued) daily prayer meetings for Israel the ongoing conflict, the ICEJ "Rosh Chodesh prayer initiative and others. The VVhatsApp prdyer 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 th@ 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 communities 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 togethef for Regional TFH prayer meetings as well as involvement in the wider initiatives across Merseyside.
Kingsway Christian Fellowship Trustees, Annual Report (continued) Year ended 31 December 2024 Achievements and performance It has been a real blessing to see people coming to faith in Jesus and connecting into the life of the church. The foundations course introduced to help new believers become rooted and established in the faith has been a great success. The church weekend away was a highlight of the year with approximately 90 people spending a weekend together in October at Cloverley Hall Christian conferen Centre in Shropshire. The weekend was a great success bringing people together for a time of fun, friendship and true Christian Fellowship. We celebrated the life of Dave Venners, who served as our lead Steward for many years and was well loved by our Age Well Group, who often notice an empty chair where he would look out for people as they arrived on Friday momings. Dave was much loved and appreciated for his faithful service over the years and we are very grateful for his contribution. Kingsway hosted the 20th Anniversary of the 'Meeting With Miracles, ministry which founded by Paul Duckworth. People gathered from across the UK and beyond to show their support and recognise the global impact the ministry has had. The vision for Kingsway continues to develop wth a focus on our call to be a 'House of Prayer, and a true retlection 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 discipSes 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. Vlfften people connect into the life of the church, they are made to feel welcome and valued. It is our corrtinued aim to encourage one another lo be wholehearted disciples of Jesus. We are blessed to be part of God's family which demonstrates love for God and one another as part of everyday lrfe together. We continue to value the need for a personal walk with God that bears fruit in family, workplaces, neighbourhoods, andthe widerworld. As itsays 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 Flnancial revlew The Financial result of the period under review shows a deficit of £25,891 which is in line with expectations.
Kingsway Christian Fellowship Trustees. Annual Report (¢ontinue41) Year ended 31 December 2024 Plans for future period8 Kingsway will seek to be an influence for good in our Iccal community and beyond as we live authentic lives as disciples ofthe Lord Jesus Christ. We will endeavour to be fully devoted, wholehearted disciples of the Lord Jesus Christ to bring positive transformation in our homes, communities, workplaces, with family and friends and to the world. 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 wder 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 Harvest, neOrk 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 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 with the spiritual, practical, and emotional needs of those in our community. Publlc beneflt Kingsway continues to provide voluntary services that make a considerable contribution to the community and a significant public benefit. All the services highlighted in this report are open to the public, as are Sunday worship seniices. The church building has also been made available for elections and for use by other local agencies.
Kingsway Christian Fellowship Trustees. Annual Report (¢ontlnued) Year ended 31 December 2024 The trustees, annual report was approved on trustees by.. and signed on behalf of the board of R A Ferns Trustee P S Bentley Trustee 10
Kingsway Christian Fellowship Independent EXamineS Report to the Trustees of Kingsway Christian Fellowship Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Kingsway Christian Fellowship (Yhe charity,) for the year ended 31 December 2024. Responsibilltles and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements 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 examlner'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.. 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 fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf 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. Mr G Mattocks FCA Independent Examiner 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN 2Af[Ls- 11
Kingsway Christian Fellowship Statement of Financial Activities Year ended 31 December 2024 2024 ,Restricted funds Total funds Totsl funds 2023 Unrestrtcted funds Nots Income and endowments Donations and legacies Charitable activities Investment income other income 111,677 10,496 1.243 22,463 111,677 10,496 1,243 22,463 145.879 125,207 750 987 18,648 Total Income 145,879 145,592 Expenditure Expenditure on charitable activities Total 8xpendlture 169,176 2,638 2,638 171,814 171,814 147,350 147,350 169,178 Net gains on investments 11 89 Net expenditure {23,253) (2,638) (25,8911 (1,669) Transfers between funds (493) 493 Net movement in funds {23,746) (2,145) 125,891) (1,669) Reconcillatlon of funds Total ftjnds brought fOard Total funds carried fornard 458,063 2,217 460,280 461,949 434,317 72 434,389 460,280 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 14 to 22 forn) part of these financial statements. 12
Kingsway Christian Fellowship ststement of Financial Position 31 December 2024 2024 2023 Not• Fixed assets Tangible fixed assets Investments 16 17 378,628 409 388,980 365 379,037 389,345 Current assets Debtors Cash at bank and in hand 18 979 58,858 1,029 73,661 59,837 74,690 Credltors: amounts falllng due wlthln one year Net current assets 19 4,485 3,755 55.352 70,935 460,280 Total assets less current liabilities 434,389 Net assets 434,389 460,280 Funds of the charlty Restricted funds Unrestricted funds 72 434,317 2,217 458,063 Totsl charlty funds 21 434,389 460,280 These financial statements were approved by the board of trustees and aLrthorised for issue on and are signed on behalf of the board by.. R A Ferns Trustee P S Bentley Trustee The notss on pages 14 to 22 fonn part of these financial statsmonts. 13
Kingsway Christian Fellowship Notes to the Financial Ststements Year ended 31 December 2024 General Infom)atlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal Offi 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 Practice 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. Accountlng pollcles Basis of preparation The financial statements 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 estimation 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 expectations of ture 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 eamiarked by the trustees for particular future project or commitment. Restricted fijnds 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 fijnds or endowment funds. 14
Kingsway Christian Fellowship Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accounting policies (contlnuodj 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 returned 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 ofthe 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 aim5 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 between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets All fixed assets are initially recorded at cost. 15
Kingsway Christian Fellowship Notes to the Financial Statements (contlnu8d) Year ended 31 December 2024 Accounting policies (contlnu4d) Depreciation 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.. Property 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. Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Mthere the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Flnanclal 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 fLrture 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 reiVed 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 contrlbutlon 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. Vthen 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. 16
Kingsway Christian Fellowship Notes to the Financial Ststements l¢onflnuedJ Year ended 31 December 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Offerings Donations 110,656 1,021 110,656 1,021 111.677 123,787 1,420 125,207 123.787 1,420 111,677 125,207 Charftable actlvities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Centre Hire Outreach Events 1,600 8,896 1,600 8,896 10,496 750 750 10,496 750 750 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable Dividends 1,228 15 1,228 15 976 11 976 1,243 1.243 987 987 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gift Aid 22,463 22.463 18,648 18,648 17
Kingsway Christian Fellowship Notes to the Financial Statements (continu•dJ Year ended 31 December 2024 Expenditure on charitable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Direct Charitable Activity Support costs 167,151 2,025 169,176 2,638 169,789 2,025 171,814 2,638 Unrestricted Funds Restricted Total Funds Funds 2023 Direct Charitable Activity Support costs 145,299 2,051 145,299 2,051 147,350 147,350 Expenditure on charltable actlvltles by activity type Activities undertaken directly Support Total funds costs 2024 Total fvnd 2023 Direct Charitable Activity Governance costs 169,789 169,789 2,025 171,814 145,299 2,051 2,025 2,025 169,789 147,350 10. Analysis of support costs Analysis of support costs Total 2024 Total 2023 Finance costs Govemance costs 135 1,890 2,025 135 1,890 2,025 125 1,926 2,051 11. Net gains on Investments Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gainsl(lossesl on listed investments 44 89 89 12. Net expenditure Net expenditure is ststed after chargingllcrediting): 2024 2023 Depreciation of tangible fixed assets 10,352 11,440 18
Kingsway Christian Fellowship Notes to the Financial Statements (continued) Year ended 31 December 2024 13. Independent examlnation fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1.890 1,926 14. Staff costs The average head count of employees during the year was 4 (2023.. 4}. No employee received employee benefits of more than £60,000 during the year (2023.. Nil). 15. 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 £23,070 for his position as Treasurer. Employer pension contributions of £666 were also made. 16. Tangible flxed assets Land and Fixtures and buildings fittings Equipment Total Cost At 1 January 2024 and 31 December 2024 462,375 42,375 31,884 536,634 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 84,582 7,556 35,245 1,782 27,827 1,014 147,654 10,352 158,006 92,138 37,027 28,841 Carrylng amount At 31 December 2024 370,237 5,348 3,043 378,628 At 31 December 2023 377,793 7,130 4,057 388,980 19
Kingsway Christian Fellowship Notes to the Financial Ststements (conthued) Year ended 31 December 2024 17. Investments Listed Investments Cost orvaluatlon At 1 January 2024 Additions Fair value movements 365 At 31 December 2024 409 Impainnent At 1 January 2024 and 31 December 2024 Carrying amount At 31 December 2024 409 At 31 December 2023 365 All investments shown above are held at valuation. Listed Investments The aggregate market value of listed investments is £409 {2023'. £365). Financial assets held at fair value The listed investments consist of 111 Santander shares. The fair value is based on the share price of £3.690 at 31 December 2024 (£3.290 at 31 December 2023}. 18. Debtors 2024 2023 Prepayments and accrued income Other debtors 649 330 899 330 979 1,029 19. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 4,485 3,755 20. Pensions and other post retirement benefits Deflned contrfbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,421 (2023.. £2,236).
Kingsway Christian Fellowship Notes to the Financial Statements (contlnued) Year ended 31 December 2024 21. Analysis of charitable funds Unrestrlcted funds At 1 Jan 2024 Gains and At 31 Dec losses 2024 Income Expenditure Transfers Unrestricted Fund 458,063 145,879 (169,176) (493) 44 434,317 At 1 Jan 2023 Gains and At 31 Dec losses 2023 Income Expenditure Transfers Unrestricted Fund 460,474 145,592 (147,350) {742) 89 458,C63 Restrlcted funds At 1 Jan 2024 Gains and At 31 Dec losses 2024 Income Expenditure Transfers Restricted Fund 2,217 (2,638> 493 72 At 1 Jan 2023 Gains and At 31 Dec losses 2023 Income Expenditure Transfers Restricted Fund 1,475 742 2,217 The balance in the restricted ftjnd of £72 consists of the following.. At 31 Dec 2024 Musicians 72 At 31 Dec 2023 Musicians Youth and Children 142 2,075 2,217 21
Kingsway Christian Fellowship Notes to the Financial Statements (¢ontlftued) Year ended 31 December 2024 22. AnaFysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 378,628 409 59,765 (4,485) 378,628 409 59,837 (4,4851 434.389 72 434,317 72 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year Nat assets 388,980 365 72,473 (3,755) 458,063 388,980 365 74,690 (3,755) 460,280 2,217 2,217 23. Financial instruments The charity currently holds no financial instruments.
Kingsway Christian Fellowship Management Infomation Year ended 31 December 2024 The following pages do not fomi part of the financial statements. 23
Kingsway Christian Fellowship Detsiled Ststement of Flnanclal Activities (continued) Year ended 31 December 2024 2024 2023 2024 2023 Income and endowments Donations and legacies Offerings Donations 110,656 1,021 123,787 1,420 111,677 125,207 Charitable actlvltles Centre Hire Outreach Events 1,600 8,896 10,496 750 750 Investment Income Bank interest receivable Dividends 1,228 15 976 1,243 987 Other income Gift Aid 22.463 18,648 Total Income 145,879 145,592 Expenditure Expenditure on charltable actlvities Wages and salaries Employer's NIC Pension costs Rates and water Repairs and maintenan 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 94,669 3,043 2,421 8,288 14,312 3.375 743 1,890 60 7,217 10,352 135 11,567 6,870 6.872 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 4,589 171,814 147,350 Total expenditure Net gains on investments Gainsl(lossesl on listed investments 89 Net expendlture {25,891 (1,669)
Kingsway Christian Fellowship Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Expendlture on charltable activitles Direct Charitable Activity Activities undertaken direcdy Wageslsalaries Employer's NIC Pension costs Rates, water, light and heat 94,669 3.043 2,421 8,288 85.015 1,807 2,236 7,010 E li Repairs & Maintenance Insurance Motorrtravel costs Telephone Sundry costs Depreciation OutreachlEventslConcerts Donations, Missions & Subscriptions Children & Youth 14,312 3,375 743 60 7.217 10.352 11.567 6,870 6,872 12,226 3,227 554 90 6,310 11,440 6,317 4,478 4,589 169,789 145,299 Governance costs Governance costs - accountsncy fees Bank Charges 1.890 135 1,926 125 2,025 2,051 Expenditure on charFtable activities 171,814 147,350 25