ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) CHARrrY REGISTRATION No: 1081337 COMPANY REGISTRATION No: 3986549 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex P018 8NF
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page 3 Legal and Administrative Infomation Page4to6 Directors. Report Page 7 ststement of Financial Attivities Page 8 Balan Sheet Pages 9 to 17 Notes to the Financial Statements Page 18 Independent Examiner's Report
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADmINIRATIVE INFORMATION CHARITY NUMBER 1081337 COMPANY REGISTRATION NUMBER 3986549 DATE OF INCORPORATION 28th September 2000 START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 DIRECTORS THAT SERVED DURING THE YEAR TO 31 MARCH 2024 DrJ.E Kay Mrs S.] Lyons Mrs J.E Meggison-Hill [sIgned 8 September 20241 Mr C.T Dyer 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 detemiine 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 Brooks Road Lewes East Sussex BN7 2BY BANKERS Barclays Bank PIC 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 P018 8NF
King's Church Lewes KING'S CHufé¢H LEWES Report of the Directors Year ending 31 March 2024 The Directors present their ret)ort and accounts for the period ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's memorandum and articles, applicable law and the requirements of the Statement of Recommended Prartice= Accounting and RerK)rting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l 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 whotn are etnployed full time together with SUPEK)rting office staff. The elders and staff are overseen by the trusteesldirectors of the charity. Objertives of the Charity The charity was established by a charitable trust deed on 5 May 2000. The charity's objectives are.. To advance the Christian faith by such means as the charity from time tr) time shall determine To relieve persons who are in condition of need, hardship or distre5S 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 Review of Artivities The Church continues to serve the people of the Lewes area in accordance with its aims and objectives. Church membership consists of around 140 adults. There are also about 60 children who attend. It serves the community in a variety of ways= A weekly club for parents and toddlers - 'King's Tots. Explore courses for those seeking to learn more about the Christian faith Other groups such as= keep fit. art. sewing. Christmas community choir and freedom in Christ Mid-week Connert Groups for the supp)rt and care of members Social action activities which provide a variety of practical support to the local community. These include Transforming Lives for Good (coaching for primary school students at risk of exclusion), Lunch Box (providing food and artivities to vulnerable families during some of the school holidays), Community Cafe (including a digital hub to support those at risk of digital exclusion), hosting the Malling Food Bank and partnering with a Christian-run charity (Acts 435) to apply for funds on behalf of local people in times of financial hardship. The majority of artivities 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 15 seeing much greater use of its building by the local community. The Church has continued employing a full-time youth worker. This role has meant co-ordinating the youth work alongside other adult volunteer helpers and events aimed at reaching out to the local comtnunity. 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 connert through socialising, artivity and leisure. 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 young people in our community. Financial Review The Church is funded mainly by the regular giving of its members and has a limited need for reserves and rarely needs to make use of them. Giving by Church members has remained stable even though the economic outlook remains uncertain. 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 tx)lice, businesses and local government. The financial results for the period are set out in the annexed financial statements. The income was £315,088.00 with £278,864.00 expended during the year and capital repayment5 made of £44,655. The only loans outstanding being the mortgage from Stewardship, which at the end of the year stands at £53,854. The property has a market value of approximately £850,000. Free Reserves at 315t March 2024 as represented by unrestrirted net current assets were £12.672.
King's Church Lewes KING'S CHufé¢H LEWES Report of the Directors Year ending 31 March 2024 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. The church will continue to promote the charity's objectives as listed above. We are hoping to develop our links with other community groups within the town and provide as much support and care for the local community as we can with the resources we have available. Directors The dirertors who Served during the year were: Mr C.T Dyer Dr J.E Kay Mrs S.] Lyons Mrs J.E Meggison-Hill The appointment of directors is by the majority vote of the existing officers. On behalf of the directors
KING'S CHURCH CEPITRE LEWES (A COMPANY LIMITED BY GiIARANTEt) REPORT OF THE DXREcfoRS {Contlnued) FOR THE YEAR ENDED 31ST MARCH 2024 StatÈm¢nt of Dlr¢ctors' Responslbllltl¢s: The Charftoes Att and the Companles Act requlre the Board Of TnJ5tees to prepare finandal statements for each flnandal year whlch glve a tnJe and falr viev4 of the state of affalrs of the chartty as at the end of the financlal year and of the surplus or defldt of the charfty. In Prepang those finanrJal statsments the Board Is requlred to :" selert 5ultable accountlng polldes and then apply them ¢onslstently• make Judgements arbd esumates that are reason)le and prudert; prepare the finanoal statements on the going concern basls untess rs Inappropriate to presume that the charrty wlll contlnue In bunesS- d) stste whether appllcable accountlng stsndan1s and ststements of recommended prattlce have been followed, subjert to any material dePare5 disclosed and explalned in the finanoal statements. The Dlrectors are also responslble for malntalnlrrfj adequate accountlng records which dlsdose wlth reasonable accuracy at any tlme the flnandal posltfjon of the charfty and whlth are suffident to show and explaln the charlty's transacUons and enable them to ensure that the financial statements comply wlth the Companies Act 21)06 and comply with regulatlon5 made under the Charttles Act. They are also re5ponslble for safeguardlng the assets of the tharlty and hence for tsklng wsonable steps for the pwentlon and detecuon of fraud and other irregularitye5. The Dlrettors are also responslble for the contents of the Dlrettof5' report, and the respon51blllty of the Independent examlner In relatlon to the Dlrectors, report Is limited to examining the report and ensuring that . on the of the wotL there are no Inconslstencies wlth the figures disdosed In the flnandal statements. These accounts have been preparnd in accordance wlth the provlslons appllcable to companies subjert to the small ¢ompJnles reglme. l appmve the attached ststement of flnandal actlvttles and balancè sheÈt for the year ended 31st March 2024 and conflrni that I have made available all Information necessary for Its preparatlon. Apprnved by the Dlrectors on th £(,- 2024 Slgned on their behalf Dy Prlnted Name..
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) srATEMENT OF FINANCIAL AcrIvrrIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds Designated Restricted Funds Funds TOTAL 2023/24 TOTAL 2022123 Notes INCOMING RESOURCES Income and Endowment5 from: Donations & Legacies 3a 242,908 890 243,798 234,154 Charitable Artivities 3b 6.275 17,385 23,660 17,125 Investments 3c other Trading Attivities 3d 45.966 45,966 28,745 Other Income 3e 1,664 1,664 2,171 TOTAL INCOME 296 813 315 088 282 195 RESOURCES EXPENDED Expenditure on: Charitable Activities 4a 247.349 21.741 269,090 235,692 Governance Costs 4b 9,774 9,774 9,107 TOTAL EXPENDITURE 257 123 278 864 244 799 NET INCOME/(EXPENDITURE) 39.690 (3.466) 36.224 37,396 Transfer Between Funds (1.850) 1.850 NET MOVEMENT IN FUNDS 37.840 (1,616) 36,224 37,396 RECONCILIATION OF FUNDS: Total Funds Brought Forward 661.111 7.136 72 668.319 630,923 Introduction of cash balance 18 86 86 TOTAL FUNDS CARRIED FORWARD 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 9 to 17 fomi part of these financial statements.
KING'S CHURCH CEiifRE LEWES (A COMPANY LZMITED BY GUARANTeE) BALANCE SHEET AS AT 31sr MARCH 2024 Comwny Ilo: 3986549 Unrestrfcted Rests1cted 31-MaTr24 31-M•23 Funds Funds Tot•1 Total Flxed Asmts Tangible Assets 709.823 709,823 712.606 Debtors & Prepayments Cash at bank and In Hand Total Currnnt Asmts 3,051 3.051 72 Cr•dltoM: due wlthln one year io 37,148 NET CURRENT ASSETS 12.672 72 12,744 14,153 TOTAL ASSEfs less currert Ilabllitses Lgng T•rni Uabllltl•*: due In more than one year li 17,938 17,938 58.440 MEf ASSErs Fund$ of tho Ch•rlty General Funds Deslgnated Funds Restrfcted Funds 699.037 S,520 699,037 5.520 72 661,111 7,136 72 72 Dlrectors. Responslbllltles: The charltable company's financlal statements have been prepared In accordance wlth the prnvlslons appllcable to companles 5ubJe¢t to the 5m411 ¢tsmpanies re9ime. The Trustees conslder that the company Is endtled to exemptlon from the regulrement to have an audlt under the provlslon5 of sectlon 477 of the Companies Act 2006 [he AcV} and membets have not requlred the company to obtaln an audlt for the year In questlon In accordance wlth sectlon 476 of the Art. However, In wirdance wlth sectlon 14S of the Charttles Art 2011, the accounts have been examlned by an Independent Examlner ¥those report appears on page 18. The Trustees acknowledge thelr responsibllitles for complylng wlth the requlrements of the Art wlth respect to Jccountlng records and the pParatIOn of financtal statements. Approved by the Dlrectors on 24110 2024 Slgned on thelr behalf by .. Dlrector Pdnted Name.. CtkP¢S Tr/
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES Basis of Preparation & Assessment of Going Concern Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective l January 20151 Charities SORP IFR510211 and incorporating update bulletin I, 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 steding (£). 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 ststed in the levant accounting policy notes. Advantage has been taken of Sertion 396(51 of The Companies Art 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 cornply with the requirernents 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 error5 and changes to previous accounts No material prior period errors have been identified. A small adjustment has been made to introduce the petty cash balance of £86.35. 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 incorne,. 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 conSided 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.
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POLICIES (Continued) Leoacies 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 not received government grants in this reporting period. Donated goods Donated goods a 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 'lncome from other trading activities. with the corresponding stock recognised in the balance sheet. On its sale the value of stock is char¢Jed against 'lncome from other trading artivities, and the proceeds from sale are also recognised as 'lncome frorn 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 D1CtOrS, annual report. Income from interes¢ royalties and dividends This is included in the accounts when receipt is probable and the amount re1vable can be measured reliably. Liability Recognition Liabilities are recognised where it is MO 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 present the cost of central funttions. for example govemance costs, payroll administration, infomiation 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 includeil in the accounts. io
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ATEmENTs (continuedl FOR THE YEAR ENDED 31ST MARCH 2024 I. ACCOUNTING POLICIES (Continued) Creditors The charity has creditors which are rneasured at settlewnent arnounts less any trade discounts. Legal status of the charity The charity is a company lirnited 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 tsngible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum is 20%. Land and Buildings are not depreciated because the Church has adopted a policy of non-depreciation as the annual depreciation charge and the accumulated depCiatIon are immaterial to the financial statements, due to the land and building having a very long remaining useful life of over 50 years, and the currently estimated residual value being high. 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 experted 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 Fixtures, Fittings & Equipment Land & Building Building Equipment 2023/24 Total Cost Additions Cost at 01-Apr-23 700.000 48.856 39,271 788,127 31-Mar-24 71 Depreciation Charge Depreciation at 01-Apr-23 48.856 26,665 2,783 ,44 75,521 2,783 31-Mar-24 Net Book Value Net Book Value 31-Mar-24 31-Nar-23 700,000 9,823 709,823 The annual commitments under non-cancelling operating leases and capital commitments are as follows.. As at 31st March 2024.. On the 9th March 2009, the Charity ented into a capital commitment towards the cost of a seCUd 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 paYments currently set at £2,993. As at 31st March 2024.. The Trustees best estimate of the market value of the property is £850,000. li
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 3. ANALYSIS OF INCOME: Unrestricted Funds Designated Restricted Funds Funds TOTAL 2023/24 TOTAL 2022123 Note a) Donations and Legacies Gift Aid Gifts & Donations Acfs 435 Income Grant5 - Other Tax Refunds 133.225 68,364 133,225 68,364 890 127,637 58,543 1,408 9,000 37,566 890 41.319 41,319 b) Charitable Activities Artivities & Events King's Tots 2.597 3,678 17.385 19,982 3,678 14,617 2,508 75 17, 17,1 c) Inve5tment5 Interest Receivable d) Other Trading Activities Building Hire Book Stall 45.916 50 45.916 50 28,745 e) Other Income Sundry Income 1.664 1,664 2,171 12
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 4. ANALYSIS OF EXPENDITURE Unrestricted Funds Designated Restricted Funds Funds TOTAL 2023/24 TOTAL 2022123 Note a) Charitable Activitie5 Artivities & Events Acfs 435 Costs Brooks Road Running Costs Cleaning Costs Community Café and Digital Hub (Food & Cleaning) Conference & Training Depreciation of Fixed Assets Eouipment Costs Gifts & Offerings Hire Costs l.T Costs Office Costs Outreach Costs Photocopying Costs Repairs & Maintenance Return of Hire Deposits Salaries & Nl Set Ups Staff Expenses Sundry Expenses Telephone Costs 9.831 19,584 740 29,415 740 19,627 6,542 1,417 22,183 1,555 13,333 6,409 19.627 6,542 1.417 464 1,311 956 9,951 1,019 3,265 823 6,558 993 1,250 2,783 545 9,000 1,832 3,187 1,147 7,772 2,783 545 9,000 1,832 3,187 1,147 7,772 1,044 11,113 11.113 12 165,824 372 4.102 165,824 372 4,102 160,132 503 3,360 12 2,628 2,628 1,627 b) Governance Costs Bank, Mortgage & Interest Charyes Insurance Costs Legal & Professional Fees Independent Examiners Fees 5.094 2,177 500 2,003 5,094 2,177 500 2,003 4,828 1,997 250 2,032 13
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 5. DESIGNATED FUNDS THIS YEAR Balance 01-ApTr23 Balance 31-Mar-24 Income Expenditure Transfer Activitie5 & Events ACTS 245 Digital Hub and Community Café Gifts & Donations Deposit Fund 6,109 17.385 890 19,584 740 1,417 3,910 150 433 71 956 1.850 71 956 7.136 18.275 21,741 1.850 5,520 PREVIOUS YEAR Balance 01-ApTr22 Balance 31-Mar-23 Income Expenditure Transfer Activitie5 & Events ACTS 245 Gifts & Donations Deposit Fund 4.567 14,617 1.408 13,075 1,555 6,109 147 71 358 71 956 598 4,996 16,623 14,630 147 7,136 The designated funds are wholly represented by the Charity's cash reserves and are to be expended as specified above. 6. RESTRIcfED FUNDS THIS YEAR Balance 01-ApTr23 Balance 31-Mar-24 Income Expenditure Transfer Pastoral Fund 72 72 72 72 PREVIOUS YEAR Balance 01-ApTr22 Balance 31-Mar-23 Income Expenditure Transfer Pastoral Fund 72 72 72 72 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. 14
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024 7. ASss BEnNEEN FUNDS Unrestrirted Funds Designated Funds Restricted Funds Total 31-Mar-24 Total 31-Mar-23 Fixed Assets Net Current Assets Long Term Liabilities 709,823 7,152 17,938 709,823 12,744 17,938 712,606 14,153 58,440 5,520 72 699,037 5,520 72 704,629 668,319 8. CASH AT BANK AND IN HAND Unrestrirted Funds Designated Funds Restricted 31-Ha24 31-Mar-23 Funds Cash at Bank & in Hand 44,145 5.520 72 49,737 48,657 9. DEBTORS & PREPAYMENTS un$tricted Funds Designated Funds Restricted 31-Mar-24 Funds 31-Mar-23 Gift Aid Tax Recoverable 3,051 3,051 2,644 51 51 44 10. CREDITORS: AMOUNTS FALLING DUE WThHIN ONE YEAR Unrestrirted Funds Designated Funds Restricted 31-Ha24 31-Mar-23 Funds Independent Examiners Fee Hire Deposits to be returned to Hirer Credit Card stewardship Mortgage 2,003 570 1,555 35,916 2,003 570 1,555 35,916 1,973 35,175 44 7,14 11. LONG TERM LIABILrrIES: AMOUNTS FALUNG DUE IN MORE THAN ONE YEAR Unrestrirted Funds Designated Fijnds Restricted 31-Mar-24 Funds 31-Mar-23 stewardship Mortgage 17,938 17,938 58,HO 17, 17, ,44 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 28Y. The total cost of liability at inception was £400,949, over a 20 year period from 2009, with monthly repayments currently set as £2,993. The Stewardship loan currently stands at £53,854 as at 31st March 2024, payable as £35,916 within one year. and £17.938 in MO than one year. 15
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 12. STAFF COSTS AND NUMBERS 2023124 2022123 Gross Wages and Salaries Accomodation Allowance Employer's National Insurance Costs Employer's Annual Allowance Employer's Pension Contributions Employer's Income Protection Contributions 127.726 23,038 11.628 (5,000) 7.562 870 123,081 22,508 11,538 15,0001 7,084 920 The Charity offers a government backed workplace pension scheme to all eligible employees. The Charity pays employer contributions on behalf of two employees. The total amount paid in 2023124 was £1, 138 {2022123.' £1,089). The Charity also pays contributions to a private pension on behalf of two employees. The total amount paid in 2023124 was £6,424 (2022/23.. £5,996). Number of employees who were engaged in each of the following artivities.. 2023/24 TOTAL 2022/23 TOTAL Artivities in furtherance of or4Janisation's objects Management and administration The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess £60,000. {2022123'. None) The following expenses were paid to three staff members (who are not Trustees). which were incurred whilst furthering the charitable aims of the charity.. 2023124 2022123 Expenses (mileage, travel, books, telephone) Hospitality Other 2.379 929 794 2,348 912 loo The key management personnel of the charity comprise the Directors and Church Elders. The Dirertors 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 £107,580 12022123: £103,702). 13. RECONCILIATION OF MOVEMENT ON CAPThAL 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. 2023/24 2022/23 Note Profit / Deficit for the financial year other Recognised Gains 36.224 86 37,396 Balance Brought Forward 668.319 630,923 Closing Funds at 31st March 16
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 14. DIRECTORS AND RELATED PARTY TRANSAcfioNS No r>ayments were made to directors or any persons connetted with them durrng 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 ba51S 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 systewns to mitigate the significant risks. 16. RESERVES POLICY The dirertors have considered the level of reseNes they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial cornrnitments 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 BENEF 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 Trustee5 report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what attivities the charity should undertake. 18. INTRODUCTION OF CASH BALANCE It has been identified during this financial year, that the cash balance held in the petty cash tin has inadvertently been omitted from the published financial statements in previous years. The has been no movement in petty cash since the financial year ended 31st March 2022. The Trustees confirni that the balance held in the tin as at 31st March 2024 is £86.35. This has been introduced in these current year financial statements. 19. POST BALANCE SHEET EVENT The Trustees of Kings Church Lewes discussed an(1 sought legal advice regarding a potential rnerger with Jubilee Christian Centre {ICCI, Balcombe (registered charity number 1193603), which would result in King's Church Lewes acquiring a building asset and grounds as well as taking over the leadership of the Church. A notice of dissolution of JCC was registered by the Charity Commission in July 2024, and the assets are experted to be transferred to King's Church Lewes in November 2024 or soon thereafter. The effect of the merger will be fully reported on in the next financial year accounts. 17
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the tnjstees on my examination of the accounts of the above charity for the year ended 31st March 2024. 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 lawl, you are responsible for the preparation of the accounts in accordance with the requirewnents of the Companies Act 2006 1.the 2006 Art~). 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 I-the 2011 Act-l. In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(51(b) of the 2011 Act. Independent examiner's statement I have completed rny examination. I confirm that no material rnatters have come to my attention which gives me cause to believe that.. accounting records were not kept in accordance with sertion 386 of the Companies Art 2006; or the accounts do not accord with such records- or the accounts do not comply with relevant accounting requirements under sertion 396 of the Companies Art 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 accordan with the Charities SORP (FRS1021. I have no concerns and have come across no other wnatters in connection with the exawnination 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 Irvine-smith FCIE Date= 4 November 2024 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex P018 8NF 18