ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2025 KING'S CHURCH CENTRE LEWES {A COMPANY UMITED BY GUARANTEE) CHARrrY REGISTRATION No: 1081337 COMPANY REGISTRATION No: 3986549 Independent Examiners Ltd The Grain Store. Hills Barns Appledram Lane South Chichester West Sussex P020 7EG
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page 3 Legal and Administrative Inforniation Page4to7 Directors. Report Page 8 Statement of Financial Attivities Page 9 Balan Sheet Pages 10 to 18 Notes to the Financial Statements Pages 19 to 20 Statement of Cashflows Page 21 Independent Examiner's Report
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) LEGAL AND ADMINIsfRATIVE INFORMATION CHARrrY NUMBER 1081337 COMPANY REGISTRATION NUMBER 3986549 DATE OF INCORPORATION 28th September 2000 START OF FINANCIAL YEAR 1st April 2024 END OF FINANCIAL YEAR 31st March 2025 DIRECTORS THAT SERVED DURING THE YEAR TO 31 MARCH 2025 (ALSO TRUSTEES UNDER CHARITY LAW) DrJ.E Kay Mrs S.] Lyons (resigned 4 April 2025) Mrs J.E Meggison-Hill (resigned 8 September 20241 Mr C.T Dyer DIRECTORS APPOINTED AFfER THE BALANCE SHE DATE Mr M. Jones (appointed 4 April 20251 GOVERNING DOCUMENT Metnorandum and Artides 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 dist$$ iii) To educate and 3551st young people through their leisure time activities $0 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 The Grain Sto, Hills Barns Appledram Lane South Chichester P020 7EG
King's Church Lewes KING'S CHURCH LEWE8 Report of the Directors Year ending 31 March 2025 The Directors pr&8ent their report and accniints for the period ended 31 N12rch 2025. The accounts hxN-e been prep2red in 2ccc)rd2nce I1th the accounting p()licies set ()ut in ni)te I to the accounts and compl!- INith the charin"'s memvrandum and articles, applicable laTh- and the requirements of the Statement of Recommended Practice: .Iccounting ana Repotting b}, Charitses ptepi&ring their accounts in accordAnce 1th the Financial Reporting Standard applicable in the LTK and Repubhc of Ireland (FRS109) (effectii'e l Janu2ry, 2015) - (Charities SORP - rL%i o?) 2nd the C.h2rities _Ict 2011. Organisational Structure The Chutch is managed on a da}"_to-da}- basis bTr the Church elders, two of ivhom are emploTred fl time together iiith SuppOrtll office staff. 'I'he elders and st2ff are oi-erseen by the trustees/directors of the ch2riti'. Objectives of the Charity The chariry Th'as estabhshed bi. a charitable trust deed on 5 Nlai. 2000. The chariti s objectives arc: To adi'2. nce the Christian faith bF such means as the chariti" from time to time shall determinc To reliei-e persons Ih0 are in condition of need, h2rdship or di8tre88 To educate and 2SSlSt l.oung people through their leisure time actiNities so as to dei.elop their ph!:sic21, meiit21 and spiritual c2p2city' To adl'ance educarion in famil)" hfe, in rnarrge and famili" relationships Review of Activities The Church continues to sen'e the people of the Leii:es are2 in accordance "1th its aims and objectiiTes. Church membership consists of around 140 adults. There are also about 50 children ,hO attend. This year our congregation merged NTrith that of Jubilee Christian Centre, Barcombe, a church based in a neatb!: I'illage ivith i-en- similar beliefs. L.ntsl ?024-5 it 11-2S 2 separate Christian charity. -4s a result of the merger li-e hai-e 2cquired their assets, 2 church bulldmg in Barcombe, that iw.ill en2ble us to oper2re from both Ioc2tions. The Church seTh"es the community" in a i"arieti- of iva)TS: ..[ weekli club for parents and toddlcrs - 'King's Tots, -4lpha courses for those seeking to learn more about the Christian faith Othcr groups such as: kccp fit. art and craft. knitting. Christmas community choir and Freedom in Christ ,NIid-Tr-eek Connect Groups for the support and care of members
King's Church Lewes KING'S CHURCH LEWE8 Report of the Directors Year ending 31 March 2025 Social action actisities V¥-hich proiide a s'ariety of practical 5UPPOrt to the local community. These include Transfonning LIN es fot Good (coachmg fot primary school students at risk of eydusion), Lunch Box (proiTiding Eood 2nd actiiities to iTulnerable famih'es during some of the school holidal-s), CommunityT Cafe (including a dy'tal hub to support those at risk of dw.tal exdusion), hosring the LI12lling Food Bank and partnering ii-ith Christtan-run charit!" (-Icts 435) to 2pplI: for Eunds on bchalf of local pcoplc in timcs of financial hardship. The majority" of actiNities are largel!- stalled b!- un-paid N"olunteers. The Church supports disadvantaged people in other parts of the Tr-orld. IK'e haTr e ongoing relationships with churches in Albania 2nd proi-ide flljancial assistance to support i'arious projects throughout the Tr'eat. The Church is well regarded in the local communiti. for its IlTork with children 2nd }:oung people, and is seeing much greater use of its building bs", the local commullltp". The Church ha8 continued emploig a full-time }outh orker. This role has meant co- ordinating the Vouth work alongside other adult i'olunteer helpers and eNTents aimed at reaching out to the local community-. Proiision on a regular basis includes a Sunday morning meeting for the l'outh and a regular M1d-"eek l'outh Group gathering, as well as man! othet opportunities for the Voung people to connect through sociahsing, acriiin" and leisure. This support has helped to bujld relatiOnspS and communitt- amongst the I"outh, encouraging them in the dei-elopment of their own faith and further dei'elop lll]ks with the 5.oung people in our cnmmuniry". Financial Review The Church is funded mainl!" b!, the regu]2r gii-ing of its members and h2s a limited need for tesernTes 2nd r2rel3- needs to make use of them. Gii"ing b!- Church membets has remained stable even though the economic outlook continues to rem2ins uncertain. The c.hurch membership aL8o supported 2 one-off gift d21" to raise fund8 to continue the emploTrment of its full-time }TOUth M-orker and to full)- repa!" the outstanding balance on its mortgage. Additional reTr"enue iN"as generated b!- hiring the hall and rooms in the budding to inail-iduals, community gtoups, NHS Trusts, the pohce, businesses and local go-ernment. The fin2nci21 results for the period are set out in the annexed financial statements. Tl]e income was £1,814,488 with £307,018 eypended during the !"e2r 2nd capittd repayments made of £5C),289. Future Plans The Church's aim is to proiryde simi12r actii-ities to those cuends[ oper2ting. H2Tring two sites in Le.e% 2nd Barcombe gil'es us 2dditional capacitt. to Support 2nd sustain the Church's aims. The church ivill continue to promote the ch2ritt 8 objectii-es 28 listed aboi"e. W'e are hoping to dei'elop ()ur link8 1th other communin" gr()up8 i1"ithin the l()C212re2 atid prni-ide a8 much support and care for the local cvmmuniti- as iTre can iiith the resources -e haTr e aiTailable.
King's Church Lewes KING'S CHURCH LEWE8 Report of the Directors Year ending 31 March 2025 Directors The directors M-ho served duting the )-ear "ere: It C.T D}rer Dr J.E Ka}: M.R Jones The appnintment of directors 18 b!. the m2jOritI' i'ote of the existing officer8. On behalf of the directors
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) REPORT OF THE DIREcfoRS (Continued) FOR THE YEAR ENDED 31sr MARCH 2025 staternent of Directors. Re5pon5ibilities: The Charitie5 Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a tnje and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial ststements the Board is required to select suitsble accounting policies and then apply them consistently. b) make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charlty will continue in business,. d) stste whether applicable accounting standards and statements of recommended practice have been followed, subjett to any material departures disclosed and explained in the financial statements. The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Art. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The Directors are also responsible for the contents of the Directors. report, and the responsibility of the independent examiner in relation to the Directors, report is limited to examining the port and ensuring that, on the face of the report, there are no inconsistencies with the figures disdosed in the financial statements. These accounts have been prepad in accordance with the provisions applicable to companies subject to the small companies regime. l approve the attached statement of financial activities and balance sheet for the year ended 31st March 2025 and confirm that I have made available all inforrnation necessary fvr its preparation. 27.1.0.112026..................... Approved by the Dirertors on the... 2026 Signed on their behalf b . Director Chris Dyer ljan 27, Printed Name.. C.T. DYER 026 16..42..53 GMT)
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) srATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31sr MARCH 2025 Unrestricted Designated Funds Funds Restricted Funds TOTAL 2024125 TOTAL 2023124 Notes INCOMING RESOURCES Income and Endowments from: Donations & Legacies 3a 1,751,067 2,630 1,753,697 243,798 Charitable Activities 3b 4,554 19,139 23,693 23,660 Investments 3c Other Trading Activlties 3d 35.605 35,605 45,966 Other Income 3e 1,493 1,493 1,664 TOTAL INCOME 1 792 719 1 814 488 315 088 RESOURCES EXPENDED Expenditure on: Charltable Activities 4a 284.326 22.692 307,018 278,864 TOTAL EXpENDuRE 284.326 22.692 307,018 278,864 NET INCOME/{EXPENDITURE) 1.508.393 1923) 1,507,470 36.224 Transfer Between Funds {600) 600 NET MOVEMENT IN FUNDS 1.507.793 (323) 1,507,470 36,224 RECONCILIATION OF FUNDS: Total Funds Brought Forward 699.037 5.520 72 704,629 668,319 Introduction of cash balance 18 86 TOTAL FUNDS CARRIED FORWARD Movements on all reserves and all recognised gains and los are shown above. All of the charity's operations are classed as continuing. The notes on pages 10 to 18 fomi part of these financial statements.
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) BALANCE SHEEr AS AT 31sr MARCH 2025 Company No: 3986549 Unrestricted Funds Restricted Funds 31-MaTr25 31-Mar-24 Total Total Note Flxed A$$ets Tangible Assets 2.188.988 2,188,988 709,823 Current Assets Debtors & Prepayments Cash at bank and in Hand Total Current Assets 2,990 22.149 2,990 22,221 3,051 49,737 72 72 Creditors: due within one year io 2,100 2,100 40,044 NET CURRENT ASSETS 23.039 72 23,111 12,744 TOTAL ASSETS less current liabilities 12. .09 Long Term Liabilities- due in more than one year li 17,938 NET ASSETS Funds of the Charity General Funds Designated Funds Restricted Funds 2.206.830 5,197 2,206,830 5,197 72 699,037 5,520 72 72 Directors. Responsibilities: The charitable company's financial statements have been prepared in accordance with the provisions applicable to companies subjert to the small companies regime. The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and tnembers have not required the company to obtain an audit for the year in question in accordance with sertion 476 of the Act. The Trustees acknowledge their responsibilities for complying with the QuIreMents of the Act with respect to accounting records and the preparation of financial statements. Approved by the Dirertors on th3..?JO!J2026 2026 Signed on their behalf b Dirertor Chris Dyer (Jan 2 i, Printed Name.. C.T. DYER U26 16.42.'53 GMT)
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2025 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 (FRS 1021 leffertive I january 2015) - Charities SORP IFRS102)l and incorporating Ljpdate bulletin I, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Companies Act 2006. The funrtional currency of the charity is sterling (£1. 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 relevant accounting policy notes. Advantage has been taken of Sertion 39615) of The Companies Act 2006 to allow the fomiat 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. The 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 tnjstees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. Income Recognition of Incorne 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 measUd with sufficient reliability. Oftsetting There has been no offsetting of assets and liabilities. or income and expenses. unless reouired or pemiitted 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 15. 10 to 5.12 FRS 102 SORPI. Tax Reclairns on Donations and Gifts Glft Aid receivable Is included in income when the is a valid declaration from the donor. Any Gift Ald amount recovered on a donation is considered to be part of that gift and is treated as an a¢Jdition to the same fund as the initial donation unless the donor or the temis 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. io
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31sr MARCH 2025 I. 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 not received government grants in this pOrting 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 ceipt and they are recognised on receipt. In the porting period in which the stocks are distributed, they are recognised a5 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 recogni5ed in 'lncome from other trading activities. With the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'lncome from other trading artivities, and the proceeds from Sale are also recognised as 'lncome 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 Serv•ces and Facilities Donated services and facilities are included in the SOFA when ceiVed at the value of the gift to the charity provlded 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 a5 an expense under the appropriate heading in the SOFA. Volunteer Help The value of any voluntsry help received is not induded 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. Liability Recognition Liabilities are recoonised 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 present 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 temi benefits induding holiday pay a recognised as an expense in the period in which the service is Ceived. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been induded in the accounts. li
KING'S CHURCH CENTRE LEWES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025 I. ACCOUNTING POLICIES (Continued) Creditors The charity has creditors which a measured at settlement amounts less any trade discounts. Legal status of the charity The charity is a company limited by guarantee and has no Sha capitsl. In the event of the charity being wound up. the liability in respert 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 20Wo. Land and Bulldlngs are not depcIated because the Church has adopted a pollcy of non-depreclatlon as the annual depreciation charge and the accumulated depreciation are immaterial to the financial statemer)ts, 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 meaSUd 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 Fixtures, Fittings & Equipment Land & Building Building Equipment 2024125 Total Cost Additions Cost at 01-Apr-24 700,000 1,480,000 2,180,ODO 48,856 39,271 2,040 41,311 788,127 1,482,040 2,270,167 31-Mar-25 48,856 Depreciation Charge Depreciation at 01-Apr-24 48.856 29,448 2,875 78,304 2,875 31-Mar-25 Net Book Value Net Book Value 31-Mar-25 2.180,000 31-Mar-24 8,988 2,188,988 The annual commitments under non-cancelling operating leases and capital commitrnents are as follows.. As at 31st March 2025.. None The rebuild insurance valuations of the properties at 31st March 2025 are as follows.. Bmoks Road (buildings situated at BN7 28Y) Jubilee Centre (land and buildings situated at BN8 5TH) 1,500,000 771,000 12
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31sr MARCH 2025 3. ANALYSIS OF INCOME: Unrestricted Designated Funds Funds Restricted Funds TOTAL 2024125 TOTAL 2023124 Note ) Donatlons and Lega¢les Gift Aid Gifts & Donations Acfs 435 Income Donation of bank balance from Jubilee Church Centre Donation of property from lubilee Church Centre Tax Refunds 177,893 39,897 177,893 41,897 630 8,802 1,480,000 44,475 133,225 68,364 890 2,000 630 8,802 1,480,000 44,475 41,319 b) Charitable Activities Activities & Events King's Tots 1,766 2,788 19.139 20,905 2,788 19,982 3,678 c) Investments Interest Receivable d) Other Trading Activitie5 Building Hire Book Stall 35,605 35,605 45,916 50 e) Other Income Sundry Income 1.493 1,493 1,664 13
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31sr MARCH 2025 4. ANALYSIS OF EXPENDITURE Unrestricted Designated Funds Funds Restricted Funds TOTAL 2024125 TOTAL 2023124 Note a) Charitable Aetivities Activities & Events Acfs 435 Costs Brooks Road Running Costs Community Café and Digital Hub (Food & Cleaning) Depreciation of Fixed Assets Equipment Costs Gifts, Grants & Offerings to Individuals Gifts and Grants to Institutions (Albania Church} Hire Costs Jubilee Centre Costs Outreach Costs Repairs & Maintenance Salaries & Nl Set Ups Staff Expenses Support Costs Cleaning Costs l.T Costs Office Costs Photocopying Costs Telephone Costs Governance Costs Bank, Mortgage & Interest Charges Insurance Costs Legal & Professional Fees Independent Examiners Fees 14.774 19.181 650 33,955 650 20,203 878 2,875 144 4,640 6,389 1,853 13,533 4,768 4,123 182,170 2,661 4,288 29,415 740 19,627 1,417 2,783 545 3,462 5,538 1,832 20,203 878 2,875 144 2,657 6,389 1,853 13,533 4,768 4,123 182,170 2,661 4,288 1.983 7,772 11,113 165,824 372 4,102 12 12 8,435 3.701 1,603 982 2,112 8,435 3,701 1,603 982 2,112 6,542 3,187 1, 147 1,044 2,628 2,822 2.200 2,822 2,200 5,094 2,177 500 2,003 2.033 2,033 Support costs are those funrtions that assist the work of the charity but do not dirertly undertake charitable artivities. Support costs include office costs, finance, HR, and governance costs which support King's Church Lewes. activities. 14
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31sr MARCH 2025 5. DESIGNATED FUNDS THIS YEAR Balance 01-ApTr24 Balance 31-Mar-25 Income Expenditu Transfer Activities & Events ACTS 245 Digital Hub and Community Café Gifts & Donations Deposit Fund 3.910 150 433 71 956 19.139 630 119,1811 16501 18781 11,9831 3,868 130 155 88 956 600 2.000 5.520 21.769 22.692 600 5,197 PREVIOUS YEAR Balance 01-ApTr23 Balance 31-Mar-24 Incowne Expenditure Transfer Activities & Events ACTS 245 Digital Hub and Community Café Gifts & Donations Deposit Fund 6.109 17.385 890 (19,5841 (7401 11.4171 3,910 150 433 71 956 1,850 71 956 7.136 18.275 21.741 1.850 5,520 The designated fvnds are wholly represented by the Charity's cash reserves and are to be expended a5 specified above. 6. REsfRicfED FUNDS THIS YEAR Balance 01-ApTr24 Balance 31-Mar-25 Incowne Expenditure Transfer Pastoral Fund 72 72 72 72 PREVIOUS YEAR Balance 01-ApTr23 Balance 31-Mar-24 Incowne Expenditure Transfer Pastoral Fund 72 72 72 72 The Pastoral Fund is operated to help those in nee¢J 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 2025 7. NET ASSETS BETWEEN FUNDS Unrestricted Designated Funds Funds Restrirted Funds Total Total 31-Ma25 31-Mar-24 Fixed Assets Net Current Assets Long Temi Liabilities 2,188,988 17,842 2,188,988 23,111 709,823 12,744 17,938 5,197 72 2,206,830 5,197 72 2,212,099 704,629 8. CASH AT BANK AND IN HAND Unrestricted Designated Funds Funds Restricted Funds 31-Ma25 31-a24 Cash at Bank & in Hand 16,952 5.197 72 22,221 49,737 9. DEBTORS & PREPAYMENTS un$tritted Designated Funds Funds Restrirted Funds 31-Mar-25 31-Mar-24 Gift Aid Tax Recoverable 2.990 2,990 3,051 51 10. CREDITORS: AMOUNTS FALLING DUE WThHIN ONE YEAR Unrestrirted Designated Funds Funds Restrirted Funds 31-Ma25 31-Mar-24 Independent Examiners Fee Hire Deposits to be returned to Hirer Credit Card stewardship Mortgage 2,033 67 2,033 67 2,003 570 1,555 35,916 11. LONG TERM LIABILITIES: AMOUNTS FALUNG DUE IN MORE THAN ONE YEAR un$tritted Designated Funds Funds Restrirted Funds 31-Ma25 31-Mar-24 stewardship Mortgage 17,938 17, In 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 from 2009, with monthly paYments set as É2,993. The Stewardship loan currently stood at £53,854 as at 3 1st March 2024. During the financial year ended 31st March 2025, the loan was fully repaid. The balance outstanding at 31st March 2025 was therefo £0. 16
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31sr MARCH 2025 12. STAFF COSTS AND NUMBERS 2024125 2023124 Gross Wages and Salaries Accomodation Allowance Employer's National InsLJrance Costs Employer's Annual Allowance Employer's Penslon Contributions Employer's Income Protection Contributions 141,597 23.835 13,449 15.0001 8.289 127,726 23,038 11,628 (5,0001 7,562 870 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 2024125 was £1,365 (2023124- £1,138). The Charity also pays contributions to a private pension on behalf of two employees. The total amount paid in 2023124 was £6,924 12023/24.. £6,424). Number of employees who were engaged in each of the following activities.. 2024125 TOTAL 2023124 TOTAL Activities in furtherance of organisation's objects Management and administration The Charity operates a PAYE scheme to pay all employed members of staff and no employees te1Ved emoluments in excess £60,000. 12023124: None) The following expenses were paid to three staff members (who are not Directors but two of whom are key management personnel), which were incurred whilst furthering the charitable aims of the charity.. 2024125 2023124 Expenses (mileage, travel, books, telephone) Hospitality other 2,328 768 865 2,348 912 loo The key management personnel of the charity comprise the DIOr5 and Church Elders. The Directors are not remunerated. The total employee benefits paid (including employer national insuran, private pension contributions, income protection contributions and provision of accommodation) of the other key management personnel of the charity was £114,486 {2022123.' £103,702). 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 therefo subject to Corporation Tax and does not have a Share capital. 2024125 2023124 Note Profit / Deficit for the financial year other Recognised Gains 1.507.470 36,224 86 1 $07 470 Balance Brought Forward 704.629 668.319 Closing Funds at 31st March 17
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMThED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31sr MARCH 2025 14. DIRECTORS AND RELATED PARTY TRANSAcfioNS No payments were made to Directors or any persons connerted with them during this financial period. No material transaction took place between the charity and a Director or any person connected with them. 15. RISK ASSESSMENT The Dirertors 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 system5 carried out on an annual basis will pmvide sufficient resources in the event of adverse conditions. The Dirertors have also examined other operational and business risks which they face and confirrn that they have established systewns to rnitigate the significant risks. 16. RESERVES POLICY The Directors have considered the level of reserves they wish to retain, appmpriate 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 objertives even if there is a temporary shortfall in income or unexpected expenditure. The Dirertors 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 Directors/Trustees report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what artivities the charity should undertake. 18. INTRODucfioN OF CASH BALANCE It was identified during the previous financial year, that the cash balance held in the petty cash tin has inadvertently been omitted from the published financial statements in previous years. There has been no movement in petty cash since the financial year ended 31st March 2022. The Trustees confirm that the balance held in the tin as at 31st March 2025 remains as £86.35. This was the same balance introduced in the 2023124 financial statements. 19. TRANSFER OF ASSErs During 2024125, the Trustees of lubilee Christian Centre (charity number 1193603) decided to close the charity and transfer the a55ets and activity to King's Church Lewes. The assets and liabilities transferred were.. Fixed assets lat net book value) Cash at bank and in hand Debtors Creditors TOTAL 1.480,000 8,802 1,488,802 18
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMITED BY GUARANTEE) srATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025/24 2024123 Cash used in operating activities {a) 1 4S4 $24 994 Cash used from investing activities Interest income Purchase of tangible fixed assets Receipt of gifted tangible fixed assets 12,040) { 1.480,0001 Cash provided by (used in) investing activities 1 482,040 Cash flows from financing activities Introduction/lRepayment) of long terni borrowing Cash used in financing activities Increaselldecrease) in cash and cash equivalents in the year 27,5161 994 Cash and cash equivalents at the start of the year 49,737 48,743 TOTAL cash and cash equivalents at the end of the year (b) 22.221 49,737 (a) Reconciliation of net movement in funds to net cash flow from operating activities 2025124 2024123 Net movement in funds Add back depreciation charge Dedurt interest income shown in investing activities Decrease/lincrease) in debtors Increaselldecrease) in creditors Decrease/linCaSe) in donated goods stcKk 1,507,470 2.875 36,224 2,783 61 (55,8821 14071 (37,6061 Net cash used in operating activities 1 4S4 524 994 (b) Analysis of cash and cash equivalents 2025/24 2024123 Cash at bank and in hand Fixed Terrn Bond Total cash and cash equlvalents 22,221 49,737 22,221 49,737 19
KING'S CHURCH CEf4TRE LEWES (A COMPANY LIMITED BY GUARANTEE) srATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 (c) Analysis of net debt At start of year sh flows Acquisltionl disposal of subsidiaries New finance leases Fair value movements Foreign exchange movements At end of year Cash Cash Equivalents Overdraft repayable on demand Loans falling due < l yr Loans falling due > l yr Finance lease obligations 49,737 127.5161 22,221 TOTAL 49,737 {27,516) 22,221 20
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the Trustees/Directors on my examination of the accounts of the above charity for the year ended 31st March 2025. Respon5ibitties and basis of report As the charity's trustees (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 1"the 2006 Act"). An Independent Examination has been carried rnther than an audit under Regulation 31{Q. The Charity has been granted an audit dispensation by the Charity Commission, dated 9th December 2025, under Regulation 34(3llb) of the Charities (Accounts and Reports) Regulations 2008. Exceptional circun15tances The high level of income during the year was due to a one-off transfer of a property fvom lubilee Christian Cent, following its closure and deregistration. Independent examlner's statement Slnce the Company's gross income exceeded É250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because I am a member of The Association of Charlty Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect= accounting records were not kept in accordan with section 386 of the Companies Act 2006,. or the accounts do not accord with such retords. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any quIre[ent that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Prartice for accounting and pOrting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Republic of Ireland IFRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be awn in this report in order to enable a proper understanding of the accounts to be reached. Jlrvinesmith FCIE ndependent Examiners Ltd The Grain Store. Hills Barns Appledram Lane South Chichester P020 7EG 30 January 2026 21