## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021**
## **KING'S CHURCH CENTRE LEWES**
## **(A COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION No: 1081337 COMPANY REGISTRATION No: 3986549**
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
1
**KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) CONTENTS** Page 3 Legal and Administrative Information Page 4 to 7 Directors' Report Page 8 Statement of Financial Activities Page 9 Balance Sheet Pages 10 to 18 Notes to the Financial Statements Page 19 Independent Examiner's Report
2
## **KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1081337 **COMPANY REGISTRATION NUMBER** 3986549 **DATE OF INCORPORATION** 28th September 2000 **START OF FINANCIAL YEAR** 1st April 2020 **END OF FINANCIAL YEAR** 31st March 2021 **DIRECTORS AT 31ST MARCH 2021** Dr J.E Kay Mrs S.J Lyons Mrs J.E Meggison-Hill Mr M.P. Fletcher (resigned 1st November 2020) **SECRETARY** Mrs J.E Meggison-Hill **GOVERNING DOCUMENT** Memorandum and Articles of Association of Incorporation Dated 28th September 2000.
## **OBJECTS**
**i)** To advance the Christian faith by such means as the charity shall determine from time to time. **ii)** To relieve persons who are in condition of need, hardship or distress **iii)** To educate and assist young people through their leisure time activities so as to develop their physical, mental and spiritual capacity. **iv)** To advance education in family life, in marriage and family relationships.
**REGISTERED ADDRESS** King's Church Centre Unit 3 Brooks Road Lewes East Sussex BN7 2BY **BANKERS** Barclays Bank Plc The Old Bank High Street Lewes BN7 2JP CAF Cash Ltd Kings Hill West Malling Kent ME19 4TA **INDEPENDENT EXAMINER** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
3
Report of the Directors
## King’s Church Lewes
The Directors present their report and accounts for the period ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s memorandum and articles, applicable law and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
## **Organisational Structure**
The Church is managed on a day to day basis by the Church elders, two of whom are employed full time together with supporting office staff. The elders and staff are overseen by the trustees/directors of the charity.
## **Objectives of the Charity**
The charity was established by a charitable trust deed on 5 May 2000. The charity’s objects are:
- To advance the Christian faith by such means as the charity from time to time shall determine
- To relieve persons who are in condition of need, hardship or distress
- To educate and assist young people through their leisure time activities so as to develop their physical, mental and spiritual capacity
- To advance education in family life, in marriage and family relationships
## **Impact of the Pandemic**
The Government imposed lockdowns during the past year, risk assessment and listening to the concerns of its members meant that the Church closed its Sunday services during 2020-21, except for September, October and November. The Church provided video teaching and worship on Sundays through its website, plus Sunday meetings on Zoom in the early part of the 2021. Connect Groups and Prayer meetings continued online through Zoom. The elders provided pastoral care through phone calls, text messages and outdoor meetings.
The Church lost income due to periods of being unable to hire out its building. It furloughed several staff members and later made one administrator redundant due to lack of work. However, as charitable giving from its members held up together with saving money on utilities, this meant that it made a surplus.
During the past year, the Church lost around 10% of its members: through death (not with Covid), moving away, changing churches, and deciding not to return to church.
Directors Report 2020-21 FINAL1
31 July 2021
Report of the Directors
## King’s Church Lewes
## **Review of Activities**
The Church continues to serve the people of the Lewes area in accordance with its aims and objectives. Church membership consists of around 100 adults. There are also about 50 children who attend. It serves the community in a variety of ways:
- Explore courses for those seeking to learn more about the Christian faith
- Other courses such as: keep fit, art, marriage, finance, parenting and freedom in Christ
- Connect groups for the support and care of members
- Social action activities which provide a variety of practical support to the local community including King’s Friends (befriending scheme for vulnerable and lonely adults), Transforming Lives for Good (coaching for primary school students at risk of exclusion) and hosting the Malling Food Bank.
The majority of activities are largely staffed by un-paid volunteers. The Church supports disadvantaged people in other parts of the world. We have ongoing relationships with churches in Albania and provide financial assistance to support various projects throughout the year. The Church is well regarded in the local community for its work with children and young people, and is seeing a continuing use of its building by the local community despite the pandemic.
The Church was able to continue employing a full-time youth worker. This role has meant co-ordinating the youth work, the other (adult) volunteer helpers and events aimed at reaching out to the local community. Provision on a regular basis includes a Sunday morning meeting for the Youth and a regular mid-week Youth Group gathering, as well as many other opportunities for the young people to connect through socialising, activity and leisure, even if some of these things have been conducted remotely via online channels. This support has helped to build relationships and community amongst the Youth, encouraging them in the development of their own faith and further develop links with the youth in our community.
## **Financial Review**
The Church is funded mainly by the regular giving of its members and has a limited need for reserves. Giving by Church members remained stable even though the economic outlook was uncertain at times. The Church membership also supported a one-off gift day to raise funds to continue the employment of its full-time youth worker. Additional revenue was generated by hiring the hall and rooms in the building to individuals, community groups, NHS Trusts, the police, businesses, and local government.
The financial results for the period are set out in the annexed financial statements. The income was £242,638 with £198,760 expended during the year and capital repayments made of £28,057. The only loans outstanding being the mortgage from Santander Bank, which at the end of the year stands at £156,211. The property has a market value of approximately £850,000.
Directors Report 2020-21 FINAL1
31 July 2021
Report of the Directors
## King’s Church Lewes
## **Future Plans**
The Church’s aim is to provide similar activities to those currently operating. These activities would generally take place in the premises that are owned by the Church and are fitted out for this purpose. Our hope is that when all restrictions are lifted the Church will be able to resume many of the other activities that it was running before the pandemic.
## **Directors**
The directors who served during the year were:
Dr J.E Kay Mrs S.J Lyons Mrs J.E Meggison-Hill
The appointment of directors is by the majority vote of the existing officers.
On behalf of the directors
Directors Report 2020-21 FINAL1
31 July 2021
KIIIG'S CHIIRCH CENTRe LEWES
(A COMPAIIY LIMITED BY GUARANTEE)
REPORT OF THÈ DREoR5 (Continued>
POR TNt YEAR E140ED 31S¥ MARCM 2021
Statement of Dlrertors, R4sporsibl4tlas:
The Charities Act and the Cornparues Act require the Board of Tnjstees to prepare finanual staternents for each finanual year
which give a true fair VIEW of the State uf affair5 of the cF*rity as at the end Df the finènaal year and of the surplus ur
defiut of the charity. In preparing those finanriaj statements the Brtard is required to :"
sekrt >Jitat acrounDng pole$ ano theD apply them coThsstenUy*
bl
make judgernwts and estimates that are reasonable an¢ prudenL
prepare the firbancial staterneThts on the going corKern basis unle55 it Is inapprDPliate to prEsume that the charity
ill continue In business,-
d)
state whether applicable accounting standards atwj statetDents of ¢0MMended pracDce have been f¢llowed,
subject to any material departure5 di5cbJsed and explained in the finanual ststernents.
The Directors are also responsible for maintrining adequate axounting records whith disc105e with reasonatyle accurary at
aDy time the fiDancial p05itian of the charity and which are 5uffiueDt tD show and expla1n th2 charity'5 tTrn5acbDn5 ènd
enable them to ensure that the financial s>tements comply with the Companies Aa 2006 comply with regulations rnade
under the Charities Att. They ère a150 respon>bk for safeguardlng the assets of the chbrfty and hentr ft>r rakin9 reasonable
Steps for the prevention and dete£bon of fraud ané other irregulariti£4.
The Olrectors are also for the contents of the Oirertors, port, and the responsibiltrty of the independent
examiner in relation to Directors. report Is limited ro examin*ng rhe report ensuring that , on the face of the report.
there we no Incong*noes ¥yith the figures disdosed In the financial ststements.
These accounts have been prepared in accordan vHth the provisions applicable to cornpanies subject to the *nall
companies re91tr*.
l approve the attached staternt of fina181 athvities atyj sIt for the year ended 31st March 20ZI and confirm
that r Pove made available all Inforniaion necewry for pregaration.
Approved by ihe Dirertor5 on the..
2021
Signed on thelr behall by Olrector
Printett Nor.. Mrs J.E Megoison.Hill
## **KING'S CHURCH CENTRE LEWES**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021**
|**Notes**
**INCOMING RESOURCES**
**Income and Endowments from:**
Donations & Legacies
**3a**
Charitable Activities
**3b**
Investments
**3c**
Other Trading Activities
**3d**
Other Income
**3e**
**TOTAL INCOME**
**RESOURCES EXPENDED**
**Expenditure on:**
Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
Transfer Between Funds
**5**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2020/21**
**2019/20**
£
£
£
£
£
223,331
2,559
-
225,890
220,053
1,403
4,978
-
6,381
13,541
-
-
-
-
-
8,311
-
-
8,311
17,501
2,056
-
-
2,056
2,004
**235,101**
**7,537**
**-**
**242,638**
**253,099**
180,298
8,307
-
188,605
223,760
10,155
-
-
10,155
11,124
**190,453**
**8,307**
**-**
**198,760**
**234,884**
**44,648**
**(770)**
**-**
**43,878**
**18,215**
-
-
-
-
-
**44,648**
**(770)**
**-**
**43,878**
**18,215**
558,299
5,809
72
564,180
545,965
**602,947**
**5,039**
**72**
**608,058**
**564,180**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing.
The notes on pages 10 to 18 form part of these financial statements.
8
K114FS OIURCH CENTRE LEWES
(A COMPAIIY LIMrrED BY GUARA14TEE)
8ALANCE SHEET
A5 AT 31ST MARCH 2021
Company No: 3986549
'Jnresthcted Restrthd 31-Mar-31 31-Mar-20
Funds
punds
Total
Total
F¢xed Assets
Tangible Sets
700.ts)0
700,000
709,(KkD
CurrÈnt A*sets
Debtors & Prepayrnents
Cash at bank and in Hand
Totsl Cuyrent Assets
2.336
2.336
3,015
72
72
Creditors.. due witFiin one year
io
37.035
37,035
37,290
NET CURRENT ASSETS
29,022
72
29,Q94
6,8S9
TOTAL ASSETS les5 current liabiliifjes
729,09
,889
121.036
121,036
142,709
Lon9 Term Liabilities.. due in pre than one year
NET ASSErs
8.05
Funds ol the Charity
General Funds
DE5igThated Funds
Restricted Fund5
602,947
S,039
602,947
5,039
72
558,299
5,809
72
72
Dlrectors. R¢sponsibilitiev.
The ckwritsble company's flnèwal staternents have been prepaFed in accordan wlth the pro¥1*L5 applicable to
compèniÈs Subjert to the small compaThies rtyirrE.
The TruSEe¢s consider that the company 15 entided tu eXernpl from the requirelr to have an audit un¢er the provislon5
of sectity) 477 of the Companies Art 20061"the Acfl and memb2rs have rM)t required the CDmPaDY to obtain an audit for the
year In question In aCCOFoance 1th 5ecllon 476 of Acr. However. In ardarKe with sethon 145 of the O)aritie5 Act
2011, the accounts have been Éxarnined by an Independent Examinerwhose rEport appears on page 19.
The Trustees acknowledge rheir rc5pon51bilities fer cornplyin9 with the requirtmcnt5 Trf th2 Act with respect to account
records and the preparatson OF firianaal statements.
Approved by the Direciors on the ....
Z021.-_
5ignecl OTh their behalf by DirEctor.
prtntEd NaFlle.' Mr5 J.E Meggix)n4bll
## **KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) (effective 1 January 2015) - Charities SORP (FRS102)) and incorporating update bulletin 1, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.
The functional currency of the charity is sterling (£).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The charity has opted to prepare its accounts using natural categories.
## **Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period
## **Material prior period errors and changes to previous accounts**
No material prior period errors have been identified and there have been no changes to the previous financial year accounts.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Income**
## _**Recognition of Income**_
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the income;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## _**Offsetting**_
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
## _**Grants and Donations**_
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
## _**Tax Reclaims on Donations and Gifts**_
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## _**Gifts in Kind**_
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
10
## **KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **1. ACCOUNTING POLICIES (Continued)**
## _**Legacies**_
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
## _**Government Grants**_
The charity has received government grants relating to the job retention scheme in the reporting period.
## _**Donated goods**_
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
## _**Income from interest, royalties and dividends**_
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **Expenditure and liabilities**
## _**Liability Recognition**_
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## _**Governance and Support Costs**_
Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.
## _**Employee benefits**_
Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
## _**Redundancy cost**_
The charity made no redundancy payments during the reporting period.
## _**Deferred income**_
No material item of deferred income has been included in the accounts.
11
## **KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31ST MARCH 2021**
## **1. ACCOUNTING POLICIES (Continued)**
## _**Creditors**_
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Legal status of the charity**
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## _**Fixed Tangible Assets**_
Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expenses**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum is 20%.
## _**Debtors**_
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Apr-20
Additions
Cost at
31-Mar-21
Depreciation
01-Apr-20
Charge
Depreciation at
31-Mar-21
Net Book Value
31-Mar-21
Net Book Value
31-Mar-20|Fixtures,
Land &
Building
Fittings &
**2020/21**
Building
Equipment
Equipment
**Total**
£
£
£
£
700,000
48,856
25,354
774,210
-
-
-
-
700,000
48,856
25,354
774,210
-
48,856
25,354
74,210
-
-
-
-
-
48,856
25,354
74,210
**700,000**
**-**
**-**
**700,000**
**700,000**
**-**
**-**
**700,000**|
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2021: On the 9th March 2009, the Charity entered into a capital commitment towards the cost of a secured loan with Stewardship for the acquisition of Land & Building at Unit 3, Brook Road, Lewes, BN7 2BY. The total cost of liability at inception was £400,949, over a 20 year period, with monthly repayments of £2,931.
12
## **KING'S CHURCH CENTRE LEWES**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **3. ANALYSIS OF INCOME:**
|**Note**
**a) Donations and Legacies**
Gift Aid
**5**
Gifts & Donations
**5**
Grants - HMRC Job Retention Scheme
Grants - Other
Tax Refunds
**5**
**b) Charitable Activities**
Activities & Events
**5**
King's Tots
**c) Investments**
Interest Receivable
**d) Other Trading Activities**
Building Hire
Book Stall
**e) Other Income**
Sundry Income
Training Income (Leadership)|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2020/21**
**2019/20**
£
£
£
£
£
138,321
1,030
-
139,351
141,255
36,496
1,272
-
37,768
38,608
13,790
-
-
13,790
-
-
-
-
-
1,500
34,724
257
-
34,981
38,690
**223,331**
**2,559**
**-**
**225,890**
**220,053**
1,403
4,978
-
6,381
8,564
-
-
-
-
4,977
**1,403**
**4,978**
**-**
**6,381**
**13,541**
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
8,311
-
-
8,311
16,995
-
-
-
-
506
**8,311**
**-**
**-**
**8,311**
**17,501**
2,056
-
-
2,056
904
-
-
-
-
1,100
**2,056**
**-**
**-**
**2,056**
**2,004**|
|---|---|
13
## **KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **4. ANALYSIS OF EXPENDITURE**
|**Note**
**a) Charitable Activities**
Activities & Events
**5**
Book Stall
Brooks Road Running Costs
Cleaning Costs
Conference & Training
Equipment Costs
Gifts & Offerings
**5**
Hire Costs
I.T Costs
Office Costs
Outreach Costs
Photocopying Costs
Repairs & Maintenance
Salaries & NI
**12**
Set Ups
Staff Expenses
**12**
Sundry Expenses
Telephone Costs
**b) Governance Costs**
Bank, Mortgage & Interest Charges
Insurance Costs
Legal & Professional Fees
Independent Examiners Fees|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2020/21**
**2019/20**
£
£
£
£
£
7,181
5,748
-
12,929
14,511
-
-
-
-
-
8,189
-
-
8,189
12,868
2,939
-
-
2,939
5,082
153
-
-
153
787
-
-
-
-
190
8,707
2,559
-
11,266
12,029
326
-
-
326
737
2,610
-
-
2,610
4,264
508
-
-
508
767
5,748
-
-
5,748
10,114
1,061
-
-
1,061
1,331
2,411
-
-
2,411
6,058
135,736
-
-
135,736
147,545
27
-
-
27
113
3,403
-
-
3,403
5,440
-
-
-
-
815
1,299
-
-
1,299
1,109
**180,298**
**8,307**
**-**
**188,605**
**223,760**
6,534
-
-
6,534
7,482
1,761
-
-
1,761
1,752
-
-
-
-
-
1,860
-
-
1,860
1,890
**10,155**
**-**
**-**
**10,155**
**11,124**|
|---|---|
14
## **KING'S CHURCH CENTRE LEWES**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **5. DESIGNATED FUNDS**
|Activities & Events
Gifts & Donations
Deposit Fund
Activities & Events
Gifts & Donations
Deposit Fund|**Balance**
**Balance**
**01-Apr-20**
Income
Expenditure
Transfer
**31-Mar-21**
£
£
£
£
£
5,738
4,978
5,748
-
4,968
71
2,559
2,559
-
71
-
-
-
-
-
**5,809**
**7,537**
**8,307**
**-**
**5,039**
**Balance**
**Balance**
**01-Apr-19**
Income
Expenditure
Transfer
**31-Mar-20**
£
£
£
£
£
5,081
5,042
4,385
-
5,738
74
1,544
1,547
-
71
-
260
620
360
-
**5,155**
**6,846**
**6,552**
**360**
**5,809**
**THIS YEAR**
**PREVIOUS YEAR**|
|---|---|
The designated funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
## **6. RESTRICTED FUNDS**
|Pastoral Fund
Pastoral Fund|**Balance**
**Balance**
**01-Apr-20**
Income
Expenditure
Transfer
**31-Mar-21**
£
£
£
£
£
72
-
-
-
72
**72**
**-**
**-**
**-**
**72**
**Balance**
**Balance**
**01-Apr-19**
Income
Expenditure
Transfer
**31-Mar-20**
£
£
£
£
£
72
-
-
-
72
**72**
**-**
**-**
**-**
**72**
**THIS YEAR**
**PREVIOUS YEAR**|
|---|---|
The Pastoral Fund is operated to help those in need in the fellowship.
The restricted fund are wholly represented by the Charity's cash reserves and are to be expended as specified above.
15
## **KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **7. NET ASSETS BETWEEN FUNDS**
||Unrestricted|Designated|Restricted|**Total**|**Total**|
|---|---|---|---|---|---|
||Funds|Funds|Funds|**31-Mar-21**|**31-Mar-20**|
||£|£|£|£|£|
|Fixed Assets|700,000|-|-|700,000|700,000|
|Net Current Assets|23,983|5,039|72|29,094|6,889|
|Long Term Liabilities|121,036|-|-|121,036|142,709|
||**602,947**|**5,039**|**72**|**608,058**|**564,180**|
|**8. CASH AT BANK AND IN HAND**||||||
|Cash at Bank & in Hand|Unrestricted
Funds
£
63,793|Designated
Funds
£
5,039|Restricted
Funds
£
72|**31-Mar-21**
**£**
63,793|**31-Mar-20**
**£**
41,164|
||**63,793**|**5,039**|**72**|**63,793**|**41,164**|
|**9. DEBTORS & PREPAYMENTS**||||||
|Tax Recoverable|Unrestricted
Funds
£
2,336|Designated
Funds
£
-|Restricted
Funds
£
-|**31-Mar-21**
**£**
2,336|**31-Mar-20**
**£**
3,015|
||**2,336**|**-**|**-**|**2,336**|**3,015**|
|**10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
|Independent Examiners Fee|Unrestricted
Funds
£
1,860|Designated
Funds
£
-|Restricted
Funds
£
-|**31-Mar-21**
**£**
1,860|**31-Mar-20**
**£**
2,115|
|Stewardship Mortgage|35,175|-|-|35,175|35,175|
||**37,035**|**-**|**-**|**37,035**|**37,290**|
## **11. LONG TERM LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
|Stewardship Mortgage|Unrestricted
Designated
Restricted
**31-Mar-21**
**31-Mar-20**
Funds
Funds
Funds
**£**
**£**
£
£
£
121,036
-
-
121,036
142,709
**121,036**
**-**
**-**
**121,036**
**142,709**|
|---|---|
The Charity has entered into a capital commitment towards the cost of a secured loan with Stewardship for the acquisition of Land & Building at Unit 3, Brook Road, Lewes, BN7 2BY. The total cost of liability at inception was £400,949, over a 20 year period from 2009, with monthly repayments of £2,931. The Stewardship loan currently stands at £156,211 as at 31st March 2021.
16
## **KING'S CHURCH CENTRE LEWES**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **12. STAFF COSTS AND NUMBERS**
|Gross Wages and Salaries
Accomodation Allowance
Employer's National Insurance Costs
Employer's Annual Allowance
Employer's Pension Contributions
Employer's Income Protection Contributions|**2020/21**
**£**
103,088
21,441
8,183
(4,000)
6,370
654
**135,736**|**2019/20**
**£**
113,297
21,028
8,953
(3,000)
6,630
637
**147,545**|
|---|---|---|
The Charity offers a government backed workplace pension scheme to all eligible employees. The Charity pays employer contributions on behalf of 3 employees. The total amount paid in 2019/20 was £693 (2019/20: £884). The Charity also pays contributions to a private pension on behalf of two employees. The total amount paid in 2019/20 was £5,677 (2019/20: £5,746).
Number of employees who were engaged in each of the following activities:
|Activities in furtherance of organisation's objects
Management and administration|**2020/21**
TOTAL
4
2
**6**|**2019/20**
TOTAL
4
1
**5**|
|---|---|---|
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess £60,000. (2019/2020: None)
The following expenses were paid to three staff members, which were incurred whilst furthering the charitables aims of the charity:
|Expenses
Hospitality
Training
Other|2020/21
2019/20
£
£
1,724
3,636
536
770
800
1,020
343
14
3,403
5,440|
|---|---|
The key management personnel of the charity comprise the Directors and Church Elders. The Directors are not remunerated. The total employee benefits paid (including employer national insurance, private pension contributions, income protection contributions and provision of accommodation) of the other key management personnel of the charity was £93,086 (2019/20: £93,436).
## **13. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES**
The Company is Limited by Guarantee and is a Charity registered with the Charity Commission number 1081337 and is not therefore subject to Corporation Tax and does not have a Share capital.
|**Note**
Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31st March|**2020/21**
**£**
43,878
-
**43,878**
564,180
**608,058**|**2019/20**
**£**
18,215
-
**18,215**
545,965
**564,180**|
|---|---|---|
17
## **KING'S CHURCH CENTRE LEWES**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021**
## **14. DIRECTORS AND RELATED PARTY TRANSACTIONS**
No payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the charity and a trustee or any person connected with them.
## **15. RISK ASSESSMENT**
The directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **16. RESERVES POLICY**
The directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
## **17. PUBLIC BENEFIT**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
18
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st March 2021.
## **Responsibilties and basis of report**
As the charity’s trustees of the charitable company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the charitable company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
Signed
Name J Irvinesmith FCIE
Date: 17th August 2021
Independent Examiners Ltd Unit 2 the Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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