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2020-12-31-accounts

Charity Registration No. 1078477

KINGFISHER CHURCH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

KINGFISHER CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

P. Braham N. Parkinson K. Tucker S. Seagrave

Charity number 1078477 Independent examiner Nicholas J Bishop FCCA ACA Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG Bankers HSBC Bank plc 11a High Street Tewksbury GL20 5AP

KINGFISHER CHURCH

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 21

KINGFISHER CHURCH

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the church's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The church's objects are :

-to advance the Christian faith and for any other purposes that, according to the law of England and Wales is charitable within the United Kingdom and/or the world and that the trustees in their discretion deem fit.

-to relieve persons who are in conditions of need and hardship, who are suffering distress in such parts of the United Kingdom or the world as the trustees may from time to time seem fit.

-to advance education in accordance with Christian principles by such means as the trustees may consider appropriate. This is to include the establishment and operation of educational establishments in such parts of the United Kingdom or the world as the trustees may from time to time think fit.

Activities:

-the holding of regular services to instruct and enable people in the worship of God

-providing such activities as are relevant and helpful throughout the week, enabling specific age-related and interest-related groups to grow in community and in their relationship with God.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the church should undertake.

KINGFISHER CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

2020 has been a year of challenge for the Kingfisher Family with the outbreak of the COVID-19 pandemic with several members of the congregation, and some of our staff, contracting coronavirus. In-person services and activities were suspended for the majority of 2020. Throughout the Covid restrictions we continued to operate as best we could by providing online activities: Sunday morning services have been offered at both Tredworth and Westgate churches, and an evening service offered for the UK and Worldwide churches; we have maintained support group and regular payer meetings; and the pastors have remained in contact with congregations and supported our vulnerable members.

In addition, 2020 was a year of further growth in our International Ministry, building on the foundations laid by James in the previous years. Indeed, utilising online media has extended the reach of this ministry, and we were able to run several leadership conferences in India that have proved to be both popular and powerful.

The Financial Model is now well established, and it continues to provide solid Budget Forecasting and management processes for both churches and the International Family. The financial planning and reporting processes have been improved with refinements in cash flow forecasting. The Trustees now have enhanced financial visibility in key areas, which means we have improved our ability to make well-informed decisions, control expenditure, and to agree priorities.

The model has continued to provide the Trustees with clarity around in-year finances, and has enabled medium and long-term planning to continue to be undertaken with confidence. This has meant we have been able maintain reliable forecasts in year, make timely adjustments and once again deliver early forecasting for FY2021.

As part of our review of policies and procedures the Trustees concluded that we needed to look at investing in a packaged service that would help us to deliver the legal assurance of compliance in HR and Health & Safety regulations on an ongoing basis. In October the Trustees signed up to Citation to provide this service via their online Atlas platform. Further work will be required throughout 2021 to embed this in to our way of working.

Kingfisher Church and Treasure Seekers continue to enjoy a good relationship. The Social Enterprise (Treasure Seekers) used the Kingfisher Tredworth building for its discos and Performing Arts programme until suspension of these activities in March due to COVID. In return, Kingfisher Church used various rooms in the Treasure Seekers building in Westgate Street each Sunday for the services of Kingfisher Westgate. This is an arrangement that has benefitted both organisations, especially as many in the congregation of Kingfisher Westgate also access services that are provided by Treasure Seekers, and a number of Kingfisher church members volunteer at one or more of the support services Treasure Seekers provides in reaching out to vulnerable adults and those with mental health issues and personality disorders.

KINGFISHER CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Kingfisher Tredworth

2020 started like any other year. We joined with a number of other local churches for prayer week, one evening being held at Kingfisher Tredworth, and all our groups restarted for the new term. At the time we were running a Toddler group, Twins and multiple births group, and a Saturday ‘Dads only’ toddler group. We also ran a weekday Little Fishes (Bible stories and songs for preschool age) that linked in to our Sunday Little Fishes. We ran School-age related youth groups: Fusion Tuesday our Primary school-aged group (linking in to our Sunday Fusion) and One Eighty Friday, our Secondary school-aged group (linking in to our Sunday One Eighty).

On Tuesdays we were running a Coffee morning for the community and this was attracting a diverse crosssection of people from seniors, mums and toddlers, and adults with learning disabilities. The building was also used as a meeting place for our food bank team, as well as one of our Connect groups. Once a month we ran a Saturday morning prayer meeting.

On Thursday evenings we ran Celebrate Recovery – a 12-step programme of support and accountability for anyone wanting to deal with a hurt, hang up or habit. It is part of the Celebrate Recovery UK Network, and was attracting people from outside of our church family.

In a typical week, Tredworth building was used at least 6 days and around 1,000 people cross the threshold in to God’s house. However, this all changed when the pandemic hit and the first national lockdown was called in mid-March 2020, and all in-person groups, ministries and services were suspended. Our part-time staff were placed on furlough and Ollie was furloughed part-time.

During Lockdown we adapted our way of being church:

KINGFISHER CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Kingfisher Westgate

2020 has been dominated by the COVID-19 pandemic, which has had a major impact on Kingfisher Westgate church. In March we switched to providing online services and these have proved to be very successful, with many people tuning in, both ‘live’ and via our YouTube channel. Apart from a few weeks in the summer, it has not been possible for us to meet physically as a church, which has meant that we were not able to gather together for Easter or for Christmas services. However, following a thorough review and planning process, together with the production of a Covid Risk Assessment, we were able to open our doors for just 25 people each week over the period of July - August. We were not able to continue this, however, as the restrictions placed on public worship by the government were too restrictive to enable us to continue with meaningful services.

Our small groups (Connect) have continued in an online fashion and this has provided a vital sense of community for church members as have our WhatsApp prayer group, ensuring all pastoral needs in the church are covered in prayer. The children’s ministry, Action Pack, has continued each week, with excellent teaching and fun and games provided by our children’s leader, Bev Williams. This has happened each week online via Zoom, and has been a big hit with the growing number of children. In this way, they have remained connected to and excited about church.

Despite the difficulties imposed by the pandemic, the church has experienced growth, both in terms of welcoming visitors from around the world and also in terms of seeing new people expressing commitment to belonging to the church. We look forward to welcoming them in person when the church is able to resume physical services.

The meeting room for Kingfisher Westgate has now been completely redecorated ready for our physical return.

KINGFISHER CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Kingfisher International Family

2020 has seen changes to our international ministry because of the pandemic. Whilst international travel has not been possible, we have taken the opportunity to connect more with people around the world via social media platforms. We have undertaken several leaders’ conferences with church leaders in the Punjab, India, and others are currently being planned for the Philippines.

The Harvest Appeal for 2019, in which we raised money to buy chickens to launch poultry farming in Zimbabwe, has continued to grow. Over 100 families have now been provided with chickens and those chickens are hatching, providing both food and an income. This is an absolute life-saver, particularly during this time of national lockdown in Zimbabwe.

The building projects mentioned in last year’s report relating to two buildings in Malawi and one in the Philippines have progressed well. The building in Pantay, Rio Chico (the Philippines) is now ready to be opened. It has been connected to mains electricity, and will be commissioned for use as soon as we are able to send a team out there. The leaders’ training college is already receiving students who are able to stay for an extended period of time in the accommodation blocks that have been built. The college also now has a library of books to help the students. The third project, the training centre/church building in Limbe near Blantyre, has been completed and has also had mains electricity installed.

We are currently pursuing the inclusion of a ministry in Panama, Central America, into Kingfisher Family and have undertaken to provide financial support for a husband and wife who have relocated to Beijing in China; this financial support is to last for 2 years, ending in December 2021. Our support extends to regularly praying for this couple as one of them takes up a full-time position in a social enterprise, and the other studies the language full time.

The Fellowship of the King group of churches in Spain has continued to require a large amount of input, including a visit in March of this year to restructure the leadership team. The Senior Pastor, who was appointed in 2019, proved to not be a good fit for the role and has since taken up a new role, still in the leadership team.

The Dumagat Education Programme has continued to flourish and grow. Because of the national lockdown in the Philippines, schools have been closed, meaning that the government has moved to a ‘modular, online’ method of teaching. This entails the printing out of material that has been made available online. To enable this to happen, Kingfisher Family has provided the finances to purchase two printers/photocopiers, one for Sibug Elementary school and one for the local High School. This has enabled many children to continue with their education despite the classrooms being shut.

KINGFISHER CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review

The outbreak of COVID-19, and the uncertainty that the pandemic brought for employment and support, affected all of our congregations. It is likely that this uncertainty will remain well in to 2021 and financial hardship may well be experienced by many.

Our Reserves policy is that we have an aspiration to build up a reserve for 3 months operations. However, this is managed in light of our faith statement that we must meet needs as they are presented, and donations are often made in light of this immediate need rather than the desire to build up a cash reserve. This year we have continued slowly to build up our reserves despite the COVID restrictions, mainly by prioritising key budget expenditure areas that we can pump prime for FY 2021.

As part of our bi-monthly Trustees Meetings, we have reviewed our actual revenue and expenditure against projections and budgets, and revised our cash flow forecasts for the year accordingly. In March, we revised our forecast with a worst-case scenario assuming that income would drop by 40% but we would maintain staff costs for a period. This indicated that we would need to review staffing in August to remain viable.

However, throughout COVID restrictions we have seen our level of income actually hold up, as the furlough scheme has enabled tithe donations to be maintained close to forecasted levels; tithe donations account for over 75% of our revenue and we had already planned for a 100% reduction in rental revenue for FY 2020 prior to COVID restrictions. Our expenditure has been greatly reduced as activities that we funded have stopped, use of the building has dropped thus reducing our utilities bills, and, most significantly, we made use of available Government furlough funding to allow us to retain staff at reduced net expenditure.

Throughout the COVID restrictions we have continued to provide online activities in line with our charitable objectives and we have continued to provide financial support to organisations via our tithe out process in line with our stated commitment. As we completed Q4 2020 the charity has a strong balance sheet and cash flow forecast, and we remain financially and operationally viable. With the extension of the Government furlough scheme in to 2021, we will remain viable into end Q1 2021; we will continue to revise our full FY 2021 forecasts in light of changes in lockdown policies, and this will include a full review of staff roles post-COVID restrictions.

The staff numbers for 2020 remained at 7 paid staff (3 full-time and 4 part-time).

The financial giving for 2020 was as follows:

Gross Income: £170,546 Expenditure: (£128,233) Net surplus/ deficit £42,313

Structure, governance and management

Kingfisher Church is an independent church with the stated object of reaching spiritually lost people of all ages and walks of life with the Christian Gospel, and seeing them transformed into fully devoted followers of Jesus Christ. It was constituted by a Deed of Trust on 29 September 1999, with Deeds of Variation dated 8 November 1999, 15 March 2007 and 2 December 2018.

There are now two local church es in the UK that come within the charity: Kingfisher Tredworth and Kingfisher Westgate in the centre of Gloucester. Overseeing the churches is a Senior Pastor. Each local church has a pastor and elders. Each elder was selected by elders of that local church, this being the method established before the Trustees were appointed. In addition, the Senior Pastor oversees the Kingfisher International ministry with National Directors appointed in Malawi, India and The Philippines, and a Senior Pastor in Spain.

On the recommendation of the Senior Pastor, the Trustees Board invites people to serve as Trustees (up to nine in total) for an indefinite period of time. Trustees are confirmed in their position annually at the January Trustees Meeting (or first meeting of the calendar year). Trustees make staff appointments, agree annual budgets and approve exceptional expenditure items; they also decide upon the dispersal of the church tithe on behalf of the congregation.

The trustees who served during the year and up to the date of signature of the financial statements were:

KINGFISHER CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

P. Braham

N. Parkinson

K. Tucker

S. Seagrave

The Trustees meet bi-monthly to review the financial position of the church, review and approve any changes to budgets, and to discuss any administrative matters requiring trustee approval. In addition, the Trustees hold half-day workshops during the year; these were introduced to assist in planning and delivering projects around the financial model and staff structure and policies.

The Trustees have assessed the major risks to which the church is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees' r eport was approved by the Board of Trustees.

N. Parkinson

Trustee Dated: 27 October 2021

KINGFISHER CHURCH

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

KINGFISHER CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGFISHER CHURCH

I report to the trustees on my examination of the financial statements of Kingfisher Church (the church) for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the church you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the church’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

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.

Nicholas J Bishop FCCA ACA

Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG

Dated: 27 October 2021

KINGFISHER CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Donations and legacies
3
167,011
3,535
Charitable activities
4
-
-
Total income
167,011
3,535
Expenditure on:
Charitable activities
5
123,273
4,960
Gross transfers
between funds
-
-
Net income/(expenditure)
for the year/
Net movement in funds
43,738
(1,425)
Fund balances at 1
January 2020
82,588
2,197
Fund balances at 31
December 2020
126,326
772		 TotalUnrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
170,546
121,856
4,680
-
(4,000)
-
170,546
117,856
4,680
128,233
123,508
13,360
-
6,900
(6,900)
42,313
1,248
(15,580)
84,785
81,340
17,777
127,098
82,588
2,197		 Total
2019
£
126,536
(4,000)
122,536
136,868
-
(14,332)
99,117
84,785

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

KINGFISHER CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets/(liabilities)
Total assets less current liabilities
Income funds
Restricted funds
11
Unrestricted funds		 2020
£
2,447
46,066
48,513
(4,930)		 £
83,515
43,583
127,098
772
126,326
127,098		 2019
£
2,235
2,673
4,908
(5,266)		 £
85,143
(358)
84,785
2,197
82,588
84,785

The financial statements were approved by the Trustees on 27 October 2021

N. Parkinson Trustee

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Kingfisher Church is limited by guarantee.

1.1 Accounting convention

The financial statements have been prepared in accordance with the church's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The church is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the church . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the church 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 financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the church has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Resources expended are included in the Statement of Financial Activities on an accruals basis and are allocated to the particular activity where the cost relates directly to that activity.

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 1% straight line Fixtures, fittings & equipment 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The church has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the church 's balance sheet when the church becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the church ’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the church’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 sources. The estimates and associated assumptions are based on historical experience 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 where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
21,419
2,996
Tithings
95,822
-
Grants - CJRS
24,686
-
Other
25,084
539
167,011
3,535
For the year ended 31 December 2019
121,856
4,680		 Total
2020
£
24,415
95,822
24,686
25,623
170,546		 Total
2019
£
15,035
90,356
-
21,145
126,536
126,536

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

4 Charitable activities

2020 2019
£ £
Charitable rental income - (4,000)

Charitable trading income

During the comparative year a correction was made to reflect a duplicated rent invoice.

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

5 Charitable activities

Staff costs Depreciatio
n
2020
2020
£
£
Charitable giving
-
-
Church life
94,366
-
Property costs
-
1,629
Administrative costs
-
-
94,366
1,629
Governance costs
-
-
94,366
1,629
Analysis by fund
Unrestricted funds
94,366
1,629
Restricted funds
-
-
94,366
1,629		 Other
2020
£
13,742
438
7,663
9,075
30,918
1,320
32,238
27,278
4,960
32,238		 Total
2020
Staff costs Depreciatio
n
2019
2019
£
£
£
13,742
-
-
94,804
96,351
-
9,292
-
1,782
9,075
-
-
126,913
96,351
1,782
1,320
-
-
128,233
96,351
1,782
123,273
96,351
1,782
4,960
-
-
128,233
96,351
1,782		 Other
2019
£
12,780
3,300
11,511
9,824
37,415
1,320
38,735
25,375
13,360
38,735		 Total
2019
£
12,780
99,651
13,293
9,824
135,548
1,320
136,868
123,508
13,360
136,868

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6 Trustees

During the year under review none of the trustees received any remuneration but two connected persons were remunerated for their key positions within the church. J. Burn was paid £36,000 (2019: £36,000) for his role as Senior Pastor and D. Burn was paid £20,325 (2019: £20,325) for his role as Operations Manager and Treasurer.

7 Employees

Number of employees

The average monthly number of employees during the year was:

Church life
Administrative		 2020
Number
6
1
7		 2019
Number
6
1
7

There were no employees whose annual remuneration was £60,000 or more.

8 Tangible fixed assets

Cost
At 1 January 2020
At 31 December 2020
Depreciation and impairment
At 1 January 2020
Depreciation charged in the year
At 31 December 2020
Carrying amount
At 31 December 2020
At 31 December 2019		 Land and
buildings
Fixtures,
fittings &
equipment
£
£
101,313
58,739
101,313
58,739
19,247
55,662
1,013
615
20,260
56,277
81,053
2,462
82,066
3,077		 Total
£
160,052
160,052
74,909
1,628
76,537
83,515
85,143

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

9
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
10
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 2020
£
1,882
565
2,447
2020
£
2,350
2,580
4,930		 2019
£
1,458
777
2,235
2019
£
2,686
2,580
5,266

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

11 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Balance at
1 January 2019 resources expended 1 January 2020 resources expended 31 December
2020
£ £ £ £ £ £ £ £
International Education Project Fund 389 3,515 (3,360) - 544 3,535 (3,795)
284
Regeneration Fund 10,488 - (10,000) - 488 - - 488
Harvest Appeal - 1,165 - - 1,165 - (1,165)
-
Kingfisher Westgate Ministry 6,900 - - (6,900)
-		 - - -
17,777 4,680 (13,360) (6,900)
2,197		 3,535 (4,960)
772

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

12
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2020
2020
£
£
Fund balances at 31 December 2020 are represented by:
Tangible assets
83,515
-
Current assets/(liabilities)
42,185
1,398
125,700
1,398		 Total
2020
£
83,515
43,583
127,098

KINGFISHER CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

13 Related party transactions

During the year under review there have been no related party transactions.