Reports &
Financial
statements
For the year ended 31 August 2020
King's Church London
Company Regl$tsotlon Number:
Charity Regislrallon Number..
4074651
1082666
Contents
Trustees. Report
Independent Auditor's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Flnan¢lal Statements
1-19
20-22
23
25
26-36

King's Church London
Trustees, report
For the year ended 31 August 2020
The Trustees, who act as directors for the purposes of company law. present their annual
report and the audited financial statements of King's Church London I'the charity'l for
Ihe 12 months from I September 2019 to 31 August 20201'the year'l.
REFERENCE AND ADMINISTRATION INFORMATION
Charlty name
Company reglslratlon Number
Charlty reglstratlon Number
Truslees
Kings Church London
4074651
1082666
Simon Linley
Odunayo Oyabayo
William E)alziel
Osbert Klass
Roberta Walker (appointed 28107120201
Kwaku Osafo lappointed 28107120201
steve Tibbert (resigned 11102120201
Nigel Mumford
King's Church
21 Meadowcourt Road
Lee
London
SE3 9DU
Secretary
Reglstered offlce
Sollcltors
Wellers
Tenison House
Tweedy Road
Bromley
Kent
BRI 3NF
Bankers
HSBC Bank plc
149 Rushey Green
Catford
London
SE6 4BQ
Audltors
Mazars LLP
2nd Floor, 6 Sutton Plaza
Sufton Court Road
Sutton
Surrey
SMI 4FS

King's Church London
Trustees, report
For the year ended 31 August 2020
I. STRUCTURE, GOVERNANCE AND MANAGEMENT
l.I Slructure
The charity is an incorporated charity limited by guarantee. It was incorporated on 20
September 2000 and registered as a charity on 28 September 2000.
King's Church London is a diverse Christian church based in South-East London. It is part of
the Newfrontiers family of churches as well as being a part of Ihe Baplist Union and the
Evangelical Alliance.
1.2 Governance
The Trustees of King's Church London have overall legal and financial responsibility for the
charily.
They have delegated responsibility for the spiritual and strategic direction of the church as
well as its day to day running to a team of Elders including the Senior Pastor. The Trustees
are regularly apprised of the financial posifion of the charity and at their formal meetings
discuss ond review any major changes in the direction of the charity or on policy issues as
they evolve and develop.
Trustees are selected by existing Trustees. in consultation with the Elders. They are
responsible people who demonstrate a strong Christian faith. They are those with a
parficular area of expertise / business acumen in their secular workplace which is relevant
in overseeing a significant charity which is also a Christian church.
When appointing new Truslees of the charity they are first invifed to attend existing
Trustees, meetings to understand how the charity operates. Where appropriate they also
attend formal training days and conferences in Ihe first few months of their appointment
which are taken by external companies with specialist experience in running a charity.
Existing Trustees will also attend organised training from time to time lo refresh their
knowledge and skills as well as learning informally from one anofher, Iheir own external
networks and the Company Secretary.
The Eldership meets regularly to discuss and oversee the affairs of the church. They work
with the other full and part time members of staff and a wide range of volunteers to
implement the vision. values and objects of the charity.
In addition to this there is a Management Team of six, led by Steve Tibbert, the Senior
Pastor who coordinote the day-to-day activities of the church on behalf of the Trustees
and Eldership.
Currently Trustees and Elders are discussing ways of broodening and diversifying the
leadership of the charity so that it reflects in some measure the diversity of church
membership. This hos been fulfilled in part bul there is still more work to be done.
The charity has six Trustees and seven Elders.

King's Church London
Trustees, report
For the year ended 31 August 2020
1.3 Rlsk Management
Trustees have recognised the importance of assessing and managing risk associated with
the charify's objectives. The process of identifying risk is on-going and is an essential part
of the work of the Trusfees and Management Team. The charity has a set of policy and
procedure documents in place to ensure on-going identification and management of
foreseeable risks. These documents will be regularly reviewed to ensure that they continue
to meet the needs of the organisation.
Those relating to Ihe operalions and finances of the charity are of particular importance
and a risk register has been developed based on a risk assessment procedure in line with
Chority Commission guidance.
1.4 Other Pollcles and procedures
The board of Truslees have an established cyclical rhythm of review in regard to the key
policies of the charity. These include safeguarding, Health & Safety. Risk Management.
delegated aulhority, property management, GDPR, HR and remuneration.
In specific relation to remuneration, we have considered the five recommendotions of
the "Report of Inquiry into Charity Senior Executive Pay and Guidance for Trusfees on
Setting Remuneration" published in April 2014, and endorsed by the Charities Commission,
and sought to implement these as appropriate to our situation.
All policies and procedures are under regular review to ensure best practice and
compliance nof just for staff but for all those who take part in the community life of.
andlor visit the church.
2. AIMS AND OBJECTIVES
The main objectives of King's Church London as stated in the Trust Deed are the
'advancement of Ihe Chrislian Faith
2.1 Vlslon / Mlsslon
A liftle over 20 years ago King's Church experienced a 'defining moment, when Sleve
Tibbert, who leads the church, shared with a corigregation of 200 or so, meeting in a
rather run-down building, a vision part of which was a call from God to build a one
thousand member church. In January 2012 there was a similar 'defining moment, by
which time Sunday attendance had grown to over 1,200 across 3 well equipped modern
buildings. as Steve again shored wifh fhe Church a 'word for now, lifting the church's eyes
to fhe possibility of a church where 5,000 people attend each Sunday. a vision 'that is
one worth giving our lives to seeing fulfilled

King's Church London
Trustees, report
For the year ended 31 August 2020
2.1 Vlslon / Mlsslon (contlnued)
In September 2018, with Sundoy attendance averaging almost 1,500, we launched Vision
2030 which is our vision for King's Church in the years towards 2030.
At this time, we also launched another site in Beckenham making King's a church of four
sites.
Vision 2030 is based around three key themes of Reach. Resource and Restore, each of
Ihese worked out under two different headings.
Reach
Come and See
We believe we are called to build a church of 5,000 believers, each of them known by
Jesus and precious to Him. We will continue to encourage everyone at King's to invite
friends, family and neighbours to Sunday meetings. especiolly at key moments such as
Christmas and Easter. Hundreds of people have already visited King's in direct response to
an invitation to 'come and see" Jesus for Ihemselves,. for many this has been the first step
in their own journey to faith.
"Go and Tell"
We want each of us at King's lo play our part in fulfilling Jesus, Great Commission to His
church- to 'go and make disciples of all nations
We believe this is a call to the many not the fewl With that in mind, we will seek to equip
every believer lo be able to share their faith. We will encourage people to reach out in
their communities, families and workplaces, to initiate other outreach activities, and to
take every opportunify to invite people lo "come and see"
We also believe we should be involved in spreoding the Gospel not just in London and the
UK, but in the nations beyond. King's and its members already have links with churches in
other nations, including Romania, China. DRC, South Africa and Zimbabwe.
Restore
'Inside
Over the years, King's has seen thousands of people who have come through our doors
experience healing and restoration. Ivlany have come to faith here, and as we have
grown as disciples we have had our lives radically transformed by meeting Jesus in the
midst of His people. We want this to multiply and to deepen in the future.

King's Church London
Trustees, report
For the year ended 31 August 2020
Reslore (contlnued)
There are a number of ways we currently express the Gospel that have been particularly
powerful in seeing lives change. Obviously, this includes our Sunday meetings, but also
settings like Alpha, our groups, and courses such as The Marriage Course, Restored Lives
Ifor anyone separated or divorced) and Freedom in Christ.
We want to extend and develop these to help bring restoralion in new areas. This will
include parenting. helping people find freedom from addictions such as pornography,
and numerous other courses.
'Outside"
We have contributed towards restoration in our local community through fhe Jericho
Road Project, which we want to continue. However, we want to broaden what we do in
the local community so that ourwork is not only amongst the most disadvantaged, as
vital as that is, but affects other sections of society as well.
Some of these projects will be initiated, financed and overseen through the leadership of
the church, whether they are expressed at all sites (like Big Red Boxl or only one site. This
will include working with young people on the margins of society who are endangered by
the threat of serious youth violence. We will partner with charities that have particular
expertise, such as the mentoring scheme for children run by Transforming Lives for Good.
In oddition, we hope to see many 'mini restore projects develop, led by individuals from
King's, supported by their group.
Resource
Nationally
We believe King's has an important role to play in the UK. Some of this comes from the
facl thal we are a large, urban and diverse church. and we can therefore help other
churches with our example and our experience (even as we continue to learn ourselvesll.
Our resources- Sunday teaching, material for groups. courses. articles, books, videos and
the like- already reach widely, and we expect this to increase.
We also have a part to play in the wider Newfrontiers family we are part of. This includes
the leadership given by Steve Tibbert, our Senior Pastor, and the theological influence of
Andrew Wilson, our Teaching Pastor. We believe it goes well beyond this. however. and
will include coaching pastors. hosting conferences, training interns. providing financial
support, sharing besl practice. strengthening churches. and so on.

King's Church London
Trustees, report
For the year ended 31 August 2020
Resource (conlinued)
Globally
The Gospel crosses international boundaries, and so does our responsibility as a church.
Again, some of the ways in which we work Ihis out will be very specific. The Newfrontiers
family connects us with 2,000 churches worldwide, and we will serve many of them with
practical, theological. financial and leadership resources.
We continue to have a close relationship with River of Life Church in Harare. We have a
number of things in common with this church- size, influence, urban context, diversity,
apostolic base, focus on mercy ministry among the poor, and so on- as well as many
historic links with Harare and the Ebenezer Project.
steve Tibbert, our Senior Pastor has been asked to facilitate the global fellowship of the
Newlrontiers family of churches. This will lake effect from autumn 2020 and is an
encouraging confirmalion of our call beyond the UK.
Yet we want to look beyond this. Our calling is not just to the UK, or even our family ol
churches. but to the nations. and the commission Jesus gave His church to go into all the
world and make disciples. At times this will mean sending missionaries. teachers, money
and skills overseas, without losing sight of our local church in London.
2.2 Values
The Trustees and Elders have sought to work out how best to express the Mission and
Vision Statements in the context of week-to-week church activities. values and life. At the
same time, they wanted to produce such statemenls in a form that would, if possible,
provide an appropriate way to express the financial affairs of the charity. The following
three value statements aim to summarise what the charity is about, namely:
to promote and encourage our members to live a life of Worship to God,.
to build a multi-cultural Corr)munity of believers who are mature in their faith and
who will be a blessing to the wder community in which they live and work., and
to encourage members to be involved in Outreach to Ihose who have not yet
accepted Jesus os fheir Lord and Saviourwith the message of reconciliation., to
demonstrate Ihe love of God through helping the disadvantaged; and through the
planting of new churches.
These three headings Worship, Community and Outreach are used as main headings for
summarising the activities of the charity and thus its financial reporting procedures and
accounts.

King's Church London
Trustees, report
For the year ended 31 August 2020
2.3 Volunteers
The Trustees would like to continue to acknowledge and thank the many people within
King's who freely give of their time and make all thal we achieve together possible, We
cannot attempt to place a value on the immensely significant contribulion thal our
volunteers make, and we are grateful to them for their time and commitmenl to our
Mission and Vision.
2.4 Publlc Benefit
The Trustees ore aware of their duty and seek to identify in both the report and accounts
their regard to the Charities Act 201 l on Public Benefit. It is in fact a central part of our
vision, that we provide support, encouragement and practical help for those
disadvantaged in our local communities as well as other members of the community, not
just our members.
3. ACTIVITIES. OUTPUTS AND IMPACTS
COVID-19
The result of Covid-19 part way Ihrough the year had a significont impact upon King's as a
church both pastorally and operationally.
Pastorally, we were direcfly involved in supporting many in our church that were
experiencing bereavement due to Covid-19, as well as dealing with the loss of some within
our own congregation.
Operationally. we were forced to adjust how we deliver our Sunday meetings and group
aclivities. Since March 2020 we have been producing online services each week. along
with other resources for both adults and children.
The team have had to remain flexible as we have adapted to the changes in the way that
we 'meet' as a church and the different way of working. This continued to be a changing
picture with initiatives needing to start and stop as the various restrictions tightened or
eased.
In whal follows we summarise how the church seeks to implement its vision, values and
objectives on a week-by-week basis, and the resull of activities in each area. Inevifably the
pandemic impacted the way in which we have needed to run as a church. so the rest of
this report reflects that in differing ways.
This Report, as well as reporling the statistics that relate to the on-going work and growth
of the charily, also seeks to give examples and testimonies of where lives are different due
to the activities of the charity thereby demonstrating its commitment fo Public Benefit,
and the impact it is having amongst its members, in the local communily and beyond.

King's Church London
Trustees, report
For the year ended 31 August 2020
3.1 Worshlp
Worship is the thrust of our Sunday meetings where. Ihrough singing. prayer and teaching
that is relevant to people's lives today, we encourage people who call King's their local
church. to live a life of worship to God. The meetinos also provide a context for individuals
lo share personal testimony. respond to the claims of the Christian faith and for adult
baptism.
Prior to the Covid-19 pandemic we were holding seven morning meetings, three at our
Catford site, two at our Downham site and one each at our Lee and Beckenham sites.
Atlendance had increased with us regularly having around 1600 people present on a
Sunday.
Since the pandemic we have needed to change our focus to allow us to provide online
Sunday services, which are accessible via our website.
These have been well 'attended' with an estimated 2000-2500 people on a Sunday with
additional people viewing the service across the following week.
This reflects the fact that there is a strong core of the church who continue to attend
online. along with the extensive reach that we have as a church in attracting new
people.
There is children's work for ages O-4, 5-8 and 9-10 and youth work for ages 11-14 and 15-
18. This children's work continues to flourish. We are enjoying bringing Jesus to the
children through fun games, worship, bible teaching and looking at the bible as well as
completing craft activities each week. We are seeing good numbers of children each
week and we work hard at developing our teams and our team leaders. In each of the
children's work areas we follow bright and varied curriculums which are age appropriate.
We are enjoying seeing these brought to life by leaders creatively communicating them
to the children.
Our children's work is structured to get Ihe best from our children and help parents feel
comfortable leaving their children in our care as they feel confident their child is being
well cared for.
With many of our Sunday activities moving online we have provided resources and
content to support all our age groups each Sunday. An example of this would be our
Kings al Home series aimed at those aged between 0-9. This includes weekly videos
providing fun activities and teaching to help keep families and those with young children
connected into the life of the church during the pandemic.

King's Church London
Trustees, report
For the year ended 31 August 2020
3.1 Worshlp (contlnued)
As part of a ministry for the Deaf community al King's each week we interpret the worship
and teaching into BSL, in the 9.30 meeting at the Catford Sile. During Ihe pandemic we
hove ensured that there are specific online services with BSL interpretation as we continue
to support this community.
The deaf community. when allowed, also meet in Iheir own meeting once a month al the
Lee site.
The needs of the disadvantaged in society are always a challenge and so we continue to
work hard to serve our deaf community nol leasl by training those who are able to sign in
our worship services on a Sunday morning.
3.2 Communlty
Community life is worked out in o number of ways at King's Church.
3.2.1 The Group syslem
This is an opportunity for individuals from the diverse backgrounds who call King's Iheir
local church to meet together, often in homes, but also at our sites. We encourage
people to develop friendship and work out their Christian faith, not just in discussion but in
act ond deed. Some of the groups will have a more specific reason for meeling together
such as, the Wednesday Welcome meeting and lunch for the elderly in our community,
and the BSL small group where deaf and hearing come together.
We hove an established youth work with around 40 1 I s-18s attending each week.
This runs on the Catford and Lee sites.
To support our youth work during lockdown we have made the best use of zoom to keep
connection and engagement levels high. There have been weekly zoom calls, as well as
hosting online midweek bible study groups and Iwo youth alpha courses. In addition to
this the youth team use social media channels lo upload content that aim encourage
and equip the young people on a regular basis.
We also have a thriving 18's-30's work called United. This regularly gathers around 80
people on a weekly basis across the Catford, Downham and Lee siles.
All our sites have a number of Groups where people can meet regularly.
These groups serve many purposes including helping those attending the church to get to
know one anolher and for regular friendship and encouragement.
We put a lot of work into launching and promoting these groups due to our commitment
to 'group life, within the church. The results of this continue to be extremely encouraging
with over l fflo adults attending groups each week from a good cross section of our
community. Due lo the pandemic our groups are currently meeting online.

King's Church London
Trustees, report
For the year ended 31 August 2020
3.2.2 A wide range of servlng opportunltles
There are many opportunities which allow most of the congregation to have some
involvement in expressing their Christian faith practically as they work together and serve
others.
This might be through being a part of the Welcome Team seTving on a Sunday at one of
our sites, working on an Alpha catering team, as part of 'the Feasl team, helping fhose
who are less fortunate amongst us. Or perhaps as a part of the Worship group on a
Sunday or working with ID on a Friday night where the I I to 18 age range meets in a
relaxed otmosphere to support the needs of young people as they mature into
tomorrow's adult population.
3.2.3 Courses, Semlnars and Tralning opportunilles
We have found that more and more people like to be part of our community by joining
and taking part in short term courses and seminars.
'Freedom in Christ, is a discipleship course for Christians lasting 9 weeks which we run
twice a year. The course lays a biblical foundation for Christians about their identity in
Christ ond how that should affect their thinking, how they handle their emotions as well as
their spiritual life. There is also teaching which aims to help them process past hurtful
events, forgive and receive emotional healing.
There are other courses which aim to help people to grow in God and equip them to
make good life choices, for example..
The Marriage Course- an annual course which helps to enrich people's marriages. This
usually attracts around 25 couples.. this is deliberately kept sma51 fo moke it manageable
and personal.
Relationship Matters which helps people build strong relationships and prepare for
marriage.
stewardshlp- an annual seminar about handling money wisely.
Leadershlp Training- we provide several opportunities which help people fulfil their
potential and thereby also help the church grow and expand.
Membership Mornlngs- we encourage people to become members of the church and
we facilifate this by hosting sessions which explain this regularly.
10

King's Church London
Trustees, report
For the year ended 31 August 2020
3.3 Outreach
Whilst there are aspects of worship and community that relate to reaching out to others,
there are a number of activities where this is specifically focused.
3.3.1 The Alpha Course
Alpha has been running at King's every term since September1996.
During that period over 3450 people have attended and at least 830 people have
responded to the Gospel.
As the lockdown took effect we transitioned from running our Alpha courses in our
buildings to running them online over zoom. From September 2019 until August 2020, we
ran eight Alpha courses with approximately 195 guests, attendance11 or more eveningsl.
We had around 7 people come to Christ and several people who either attended
physically or began to attend our online service were helped to establish a firm
foundalion in their faifh. We also hod around 10 people deepen their relationship with
God and be filled with the Spirit. Alpha has attracted people from across the country and
has also served people in other parts of the world, so it truly has had both a national and
international reach.
Subsequent to the Alpha course. we have had approximately 35 people attend our New
Life course directly after the Alpha course which is focussed on the basics of Christian
discipleship. A number of people who have become Christians are now considering
baptism and many have taken steps to deepen their walk with God by joining a group al
King's where they can conlinue fo find friends and glow in their faith.
3.3.2 The Jerlcho Road Project
The Jericho Road Project IJRPI seeks to provide support to the disadvantaged in
Lewisham and Greenwich.
Much of our work goes into the on-going running of six low support housing units which
allow us to help 28 individuals from rough sleeping and homeless backgrounds. Every
resident completes a support plan and meets regularly with a key worker to ensure
progress is being made.
The demand for places on Ihe housing project is very high and we receive referrals from a
wide range of services in South East London.

King's Church London
Trustees, report
For the year ended 31 August 2020
3.3.2 The Jerlcho Road Project (continued)
In this last year we have responded to the Covid-19 pandemic by supporting our residents
particularly with their own wellbeing. The consequence was a lower than normal 'move-
on, with our residents into their own accommodation.
We have run "The Feast"
a weekly Drop-ln for anyone who is rough sleeping, homeless.
vulnerable or lonely since January 2002 as a drop-in. At the start of the lockdown. we
turned the Feast into a delivery service. We cook all the meals at our Cafford building and
then feams send them out across Lewisham borough to vulnerable people. We reached
our capacity of 400 hot meals every week wth 30 delivery teams over 3 nights of the
week. Our goal was to encourage people to stay indoors, have nutritious food and
provide hope. We have helped people wilh mental health issues, learning difficulties, in
temporary accommodation, elderly, familie5 and people who have lost their income.
One elderly lady in April was in a ward- all 4 had Covid- she was the only survivor. She
describes the moment our volunteers rang her doorbell as the highlight of her week.
Through donations from many supermarkets, we are able to add in extras like fresh
flowers. On many occasions we have been able to provide specific support through
these regular connections.
It was our twelfth year of Klng's Chrlstmas Trees and we sold 820 trees, our biggest year.
Customers purchase their Christmas tree online and choose whether they have it
delivered to their door or collect and choose their free from one of our four collection
sites.
There are three aims of the Christmas Tree initiative..
l. Raise money.
2. Raise awareness of rough sleeping issues.
3. Engage our residents and contacts in volunteering for King's Christmas Trees.
All the profit from this project goes to support the JRP. We also had 25 runners fundraising
in 'The Big Half 'in March. These events help us to support the re5ider)ts. We took a group
of 22 people from the JRP away on an aclivily trip to Chepstow in March.
We continue to play a significant role in reducing rough sleeping in the borough and our
staff toke part in the bi-monlhly Lewisham street counts.
12

King's Church London
Trustees, report
For the year ended 31 August 2020
3.3.2 The Jericho Road Project (contlnued)
Another key initiative for the JRP is the Blg Red Box project, a Christmas initiative
supporting those in the South East London community who might othewise go without.
During the festive period we collected food and distributed Christmas hampers through
partner organisations to those less fortunate than ourselves. We continued to streamline
the project lo reflecf the size and significance that it holds in the community. We were
able to send out over 2000 boxes.
This has continually proven to be a popular project within the church, with over l 00
volunteers coming forward to support the project across the Christmas period.
Overall. this has been a year when we have shown Ihat the JRP can respond to the
needs of the neediest people in our community even in the midst of a pandemic. We
have three words to describe all we do- Relief, Hope and Connection. Relief is our front-
line work- feeding and housing. Hope is found though our support of individuals, paying
for people to get to training. And connection is the wider support residents need when
they move on. We have increased our relief work this year but have also continued to
provide hope and connection in all we do.
There are significant opportunities for disadvantaged and vulnerable to be helped in our
community and this is essential in our commitment to provide a Public Benefit lo the
communities around us.
3.3.3 Trolnlng and other Involvement wlthln Newfrontlers
Kings continues to host a number of training events for the benefit of both Kings, other
local churches and other churche5 in the Newfrontiers family.
We also continue to be involved internationally, supporting ministries in India, Romania
and China. We have continued, and are increasing, our involvement in Zimbabwe in
particular with a number of people having visited the church and associated projects
there across the year.
13

King's Church London
Trustees, report
For the year ended 31 August 2020
4. ACHIEVEMENTS AND PROGRESS DURING THE PERIOD
A5 Stated earlier in this report the Covid-19 pandemic has had a significant impact on the
running of*he church, both forthe staff and those who call King's Church their local church.
As such we have adapted the way we work in every area of church life producing online
services each week, along with many olher resources for bolh adults and children. This has
enabled us to continue to function as a church in reaching our existing congregation, as
well as reaching many others and seNing our community during a challenging season.
The staff team have adapled extremely well to all of the changes both in terms of handling
the changes to the ways in which we 'meet' as a church and the different way of working.
We are particularly pleased by the hard work and impact of the various activities
undertaken by the Jericho Road Project who are doing to a phenomenal job of helping to
meet the needs of the more vulnerable in both the church and our local community.
The Inlernational Academy of Greenwich continues to lease part of our building with the
lease running until the end of August 2021 at which point it will conclude have reached
the full term of the lease.
We are investigating options for the future leasing of the space currently used by the
school or how best we can utilise it for the benefit of the church.
The refurbishment of the ground floor of the Catford site has been poslponed with some
smaller essential works being done at this time. We have continued with some
maintenance projects on our buildings to er)sure that they are still maintained in good
order.
steve Tibbert, our Senior Pastor has now taken on the responsibility to facilitate the global
fellowship of the Newfrontiers family which, as previously stated, is an encouraging
confirmation of our mission and call beyond the UK.
So, in what has been a challenging year for the church we are encouraged by the
response of both the people who call King's their home church and the staff team. In the
midst of what has been a difficult period for so many, people remain in good heart and
are still extremely supportive of the church and a51 that we are doing. We look fomard to
a year of eased restrictions and the return to normality in due course.
14

King's Church London
Trustees, report
For the year ended 31 August 2020
5. FINANCIAL REVIEW
5.1 Ovenilew
The year ended 31 August 2020 had a surplus of income over expenditure ond the
unrestricted surplus after transfers has been added to Ihe General Fund. The outlook is for
continued surpluses.
The particular slrength of the financial activities has been the continued growth in giving
income. To date. this is currently holding up despite the impact of the coronavirus
pandemic.
For the past four years the letting of surplus space to a school has provided additional
income and this will continue for a further year at which point the lease will conclude
having reached its full lerm.
The charity refains a strong balance sheef. At the end of the year, it had a strong asset
base compared to its long-term liabilities and strong liquidity with substantial cash
holdings.
During Ihe year, the charity restructured its long-term debt to reduce outgoings. It is
planned to utilise some of the cash holdings to reduce debt and further eslablish a firm
financial foundation for the charity.
The Trustees consider that there will be no significant impact on the Church as a result of
the United kingdom wilhdrawing from the European Union.
5.2 Prlnclpal funding sources
King's relies very largely on the generosity of its congregation to fund its activities. The
total of given income was £2.151.752. up from £2.054.782 for the previous year, an
increase of 4.7%.
In addition, the letting of the first floor at Lee provided temporary additional income of
£327.774 in the year (previous year: £291,727).
5.3 Related parties
King's Church London is part of the family of churches known as Newfrontiers.
Newfrontiers is a network of churches who partner together on a mission.
steve Tibbert. the Senior Pastor, continues to be a member of the international apostolic
gathering of Newfrontiers and continues as a Direclor of the Newfrontiers charity. He
receives no remuneration from Newfrontiers.
Transactions with related parties are detailed in note 9 of the financial statements.

King's Church London
Trustees, report
For the year ended 31 August 2020
5.4 Investment powers and pollcy
The Trustees take appropriate advice related to inveslment as and when required in order
to maximise the effective slewardship of our income and our reserves, including keeping
funds above our immediate needs placed on the money market lo earn an appropriate
rale of interest.
5.5 Reserves policy
The balances in the General Fund and Designated Property Fund represent the
unrestricfed funds arising from past operations of the charity. The trustees believe that an
amount equivalent to a minimum of two to three months gross expenditure is needed in
Reserve for use as working capital. This will provide for regular fluctuations in income and
expenditure throughout the year.
The balance on the General Fund af 31 August 2020 was £778.475 with Free Reserves of
£755,184. These higher than normal reseNes are mainly a resull of stopping planned
refurbishment works at our Catford Sile due to the impacl of Covid-19.
Income and expenditure budgets and forecasts are produced on a rolling five-year basis
and these are reviewed monthly. The General Fund expenditure budget for the 2020121
yeor is approximately £2,2W,000. Based on the above, ongoing reserves of between
£370,000 and £560,000 are appropriate. In addition, enhanced reserves were retained at
Ihe year end to counfer uncertainly over the effects of the coronavirus pandemic and to
gather resources for a large project.
As the pandemic continues to evolve and hopefully, comes to an end, the Trustees are
reviewing plans to utilise the additional reserves.
5.6 Restricted Funds
Restricted Funds are given for restricted purposes and are set aside for specific projecls at
the request of the donor. The two main Restricted Funds are social ocfion work (the
Jericho Road Project) and Vision 2030. In addition, a new restricted fund was opened
during the year. the Hope Fund, to offer support and relief lo members of the local
community severely affected by coronavirus.
The Jericho Road Project showed a small deficit of £4,300 for the year.
16

King's Church London
Trustees, report
For the year ended 31 August 2020
Restricted Funds (contlnved)
The purpose of the Vision 2030 fund is to help ministry expansion on our existing sites and
the development of more sites in the future. The consistent giving into this fund has firstly
enabled the charity to fulfil its loan repaymenl schedule to our funding partner. Triodos
Bank, and secondly to fund further development. There has been initial expenditure on
professional fees in respect of further development planned for the Catford site. This was
put on hold at the lime of the coronavirus pandemic as a measure to protect our reserves
and con be reinstated when appropriate.
The Hope Fund had external donations of £36,847 in the yeor, of which £18,456 had been
disbursed by the year end.
5.7 Grant-making policy
Donattons are made to both institutions and individuals by the charity, as part o*
achieving its activities and objectives. Gifts to individuals represent responses to particular
needs and support for those working overseas.
6. PLANS FOR FUTURE PERIODS
As the Covid-19 pandemic has continued the Chority continues to review capital
expendifure. new staffing and general operating costs. The review includes plans for the
re-opening of worship at our premises and for staff to return to the offices once il is
permissible to do so following government guidelines.
One result of the review has been to protect a very strong reserve base. A part of the
reserves will be utilised to reduce debt and the remaining reserves will be preserved going
forward. This enables the church to maintain consistent operalional delivery. Currently,
the year to August 2021 is forecasl to produce a modest surplus of income over
expenditure.
The 5-year forecast also continues to indicate robust finances to undergird the work of the
church going foward and the church will continue to work out and develop its vision as
spelled out earlier in this report.
As part of the church's response lo the Covid-19 pandemic it has participated in the Love
Your Neighbour project in participation with Holy Trinity Brompton to provide large-scale
practical support to the localities in which the church operates. This requires substantial
resources to be found from within the church and is a further call on the remarkable
generosity of those committed to the church.
17

King's Church London
Trustees, report
For the year ended 31 August 2020
6. PLANS FOR FUTURE PERIODS (continued)
We will also continue lo review our general processes and staffing structures to ensure we
are constantly meeting the current needs of Ihe church.
The overall financial aim is to realise further expansion whilst continuing to pay off the
church's bonk debt at least as fast as the existing schedule.
7. STATEMENT OF TRUSTEES, RESPONSIBILITIES
This Trustees, Report and audited financial statements are prepared in accordance with
the Memorandum and Articles of Association, the Companies Act 2006. the Charities Act
2011 and the Charities Statement of Recommended Practice IFRSI 0212019,
Law applicable to charities in England and Wales requires the Truslees to prepare
financial statements for eoch financial year which give a true and fair view of Ihe
charity's financial activities during the year and of its financial position at the end of the
year. In preparing financial statements giving a true and fair view, the Trustees should
follow best practice and:
select suitable accounting policies and then apply them consistently;
make judgements and estimates which are reasonable and prudent;
state whether applicable accounting standards have been followed. subject to
any material departures disclosed and explained in the financial statements. and
prepare the financial statements on a going concern basis unless it is inappropriate
to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with
reasonable accuracy the financial position of the charily and which enable them to
ensure fhat the financial statements comply with the Companies Act 2006. Being
responsible for safeguarding the assets of the charity they ensure reasonable steps are in
place to prevent and detect fraud and other irregularities.
Each of the Trustees at the date of approval of this report confirms that:
so far as the Trustees are aware, there is no relevant audit information of which the
charity's auditors are unaware.. and
2. the Trustees have taken all the steps that they ought fo have taken to make
themselves aware of any relevant audit information and to establish that the
charity's auditors are aware of thal information.
This confirmation is given. and should be interpreted in accordance with, the Companies
Act 2006.

King's Church London
Trustees, report
For the year ended 31 August 2020
8. AUDITORS
Mazars LLP have indicated their willingness lo continue in office cs auditors.
Approved by the Trustees on
and signed on their behalf by
Simon Linley

Independent auditor's report to the members of King's Church
London
Opinion
We have audited the financial statements of Kings Church London (the 'ch8rity') foi. the ye2ll' ended
31 August 2020 which comprise th¢ Stateinent of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and notes to tlie financial statements, including a summary of significant
accounting policies. The financial repoiting ft'amework that has been applied in theii. pi'eparation is
applicable law and United Icingdom Accounting Standw'ds, including FRS 102 "The Financial
Repoiting Standai'd applicable in the UK and Republic of Ireland" (United Kingdom Generally
Accepted Accounting Pi'actice).
In oui. opinion, the financial statements:
give a tive and fail. view of the state of the ch￿'ity'S affaiiB as at 31 August 2020 and of its
income and cxpenditure foi. the ye￿. then ended.
have been properly prepai'ed in accoi'dance with United Kingdom Generally Accepted
Accounting Pi-actice. and
have been prepared in accoi'dance with the i'equirements of the Cornpanies Act 2006.
Basis for opinion
We conducted our audit in accoi'dance with International Stand￿'ds on Auditing (UIC) (ISAS (UK))
and applicable law. Oui. i'esponsibilities under those standards are furthei. desci'ibed in the Auditoi s
i'esponsibilities for the audit of the financial statements section of our report. We are independent of
the chai'ity in accoi'dance with the ethical i'equirements that are iylevant to our audit of the financial
ststements in the UIC, including the FRC'S Ethical Standard and we have fulfilled oui. othei. ethical
i'esponsibilities in accordance with these requii'ements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to i'eport in respect of the following mattels in i'¢lation to which the ISAS (UK)
i'equii'e us to i-eport to you whei-e..
the tsustees, use of the going conceiTt basis of accounting in the preparation of the financial
stateinents is not appi'opi'iate; oi.
the tiustees have not disclosed in the financial statements any identified material
unceitainties that may cast significant doubt about the eharity's ability to contiiiue to adopt
the going concei'n basis of accounting for a period of at least twelve months fi'om the date
when the financial statements are authorised foi. issue.
20

Independent auditor's report to the members of King's Church
London
other information
The tiustees al'e responsible for the other infonnation. The other infonnation compi'ises the
infoiynation included in the annual repoit, other than the financial staterllents and oui. auditor's report
thereon. Our opinion on the financial statements does not cover the othei. infoimation and, except to
the extent othcrwise explicitly stated in our report, we do not expi'ess any foiyn of assurance
conclusion thcrcon.
In connection with oui. audit of the financial statements, our responsibility is to l'ead the other
infoiination and, in doing so, consider whether the othei. infoiination is materially inconsistent with
the financial statements oi. our lu]owledge obtained in the audit or otheiwise appears to be materially
misstated. If we identify such matei'ial inconsistencies or app￿.ellt matei'ial misstatements, we are
i'equired to detem]ine whethei- thei'e is a matei'ial misstatement in the fLnancial statements oi- a matei-ial
rnisstatement of the other inforn]ation. If, based on the work we have performed, we conclude that
there is a rnatei-ial misstatement of this other information, we are requii'ed to report that fact.
We have nothing to i'eport in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the worli undertalcen in the course of the audit:
the information given in the Trustees, Report which includes the Directoi's, Report pi'epai'ed
for the puwoses of company law, for the financial year for which the financial statements
pi-epared is consistent with the financial statements; and
the Dii'ectoi's, Repoil included within the TI￿SteeS, Report has been prepared in accordance
with applicable legal requii'ements.
Matters on which we are required to report by exception
n light of the l(nowledge and undei'standing of the charity and its envii'onment obtained in the course
of tlie audit, we have not identified material misstatements in the Dii'ectoi's, Report included within
the Tn]stees' Repoit.
We have nothing to iypoit in iespect of the following matters in relation to which the Companies Act
2006 l'equii'es us to i-eport to you if, in oui. opinion:
adequate and pi'opei accounting i'eeoi'ds have not been kept, or ieturns adequate foi. oui. audit
have not been received from bi"anches not visited by us. or
the financial statements al'e not in agi'eement with the accounting i'ecords and returns. oi.
certain disclosui'es of ts'ustees, remunei-ation specific by law are not made. or
we have not received all the infoi'mation and explanations we i'equire foi. oui. audit.
the ti'ustees were not entitled to piepare the financial statements in accoi"dance with the small
companies, i'egime and take advantage of the small companies, exemption in preparing the
Trustees, Report and from the requirement to prepare a Strategic ReporL
21

Independent auditor's report to the members of King's Church
London
Responsibilities of Trustees
As explained mol'e fully in the tsustees, i'esponsibilities statement set out on page l 8, the tt'ustees
(who ￿'e also the dii'ectors of the chai'itable company for the pwposes of cornpany law)
i-esponsible foi. the pi'eparation of the financial statements and for being satisfied that they give a tsile
and fair view, and for such intei-nal conts'ol as the ti'ustees deteimine is necessary to enable the
pi'epai'ation of financial stat¢ments that al'e fi'ee fi'om material misstatement, whethei- due to fraud or
error.
In pi'epai'ing the financial statements, the ti'ustees are responsible for assessing the charity's abÉlity to
continue as a going concei-n, disclosing, as applicable, matters related to going concein and using the
going concei-n basis of accounting unless the ts'ustees eithei. intend to liquidate the charity oi- to cease
opei'ations, oi. have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Oui. objectives al'e to obtain i'easonable assui'ance about whethei- the financial statements as a whole
'e fl-ee fi-om matei'ial misstatemcnt, whether due to fraud oi- en'oi., and to issue an auditor's repoit
that includes our opinion. Reasonable assurance is a high level of assui2llce, but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a matei'ial misstatement
when it exists. Misstatements can arise from fi-aud oi- error and al'e considei'ed matei-ial if, individually
or in the aggi'egate, they could i'easonably be expected to influence the economic decisions of usei's
talcen on the basis of these financial statements.
A fuithcr description of our i'esponsibilities foi. the audit of the financial statements is located on the
Financial Repoiting Council's website at www.frc.or
.uklauditorsres
nsibilities. This desci'iption
fonns part of ow. auditor's i'eport.
Use of the audit report
This report is made solely to the company's members as a body in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Oui. audit woi'k has been undertalcen so tliat we might state to the
company's membei-s those matters we are i'equii'ed to State to them in an auditor's i'eport and foi. no
othei. pui'pose. To the fullest extent permitted by law, we do not accept or assume t'esponsibility to
anyone other tELan the company and the company's members as a body for oui. audit woi'k, for tliis
repoit, or foi the opinions we have fomied.
Signed..
Name.. David Hoose
(Senioi. Statutory Auditor)
foi. and on behalf of Mazais LLP
ch￿tered Accountants and Statutory Auditor
2nd Flooi., 6 Siitton Plaza, Sutton Couit Road, Sutton, Swrey, SMI 4FS
Date: 07-Apr-2021
22

King's Church London
statement of financial aclivities
For the year ended 31 August 2020
Unre5triGted
funds
Re$l[￿ted
fund5
Total 2020
Unreslrdèd
funds
ReslridÈd
funds
Total 2019
Notes
Income
Donations
1,691,074
460,678
2,181,782
1.565,837
488,945
2,054,782
Charitabl& activities
Community & Outreach
174,298
174,298
118,462
118.462
Other trading OGtiwlle$
Premises rental income
other
329.480
4,392
239,909
102,910
569,389
107,302
298,912
4,172
234,085
77,811
S32,997
81,983
Total Income
2,199.244
803,497
3,002,741
1,987,383
800,841
2.788.224
Expendlture on charftable actlvlt188
Costs ofadiwties in furthéranc6 ofthe
objec15 Of Ihe tharity".
Worship
Community
Oulrea¢h
796,197
666,920
7Q2,448
796.197
666,920
1,204,444
821.318
632.242
697.039
821,318
632,242
1,160,117
501,998
463,078
Total charltabl8 8xpendltur•
2.165.565
501,996
2.667,561
2.150,599
463.078
2,613,677
N•t Incomè I (0x￿ndIture)
15
33,679
301,501
335,180
1163.2161
337.783
174,547
Transfers between funds
15. 17
282,426
1282,4261
318,950
1318.9501
Not movem¢nt In funds
316,105
19,075
336,180
155,734
18.813
174,647
Roconclllatlon ol fund8'.
Total furKls brought forward 81 fj September 2019
5.699.535
872,391
6,571,926
5,543,801
853.578
6,397,379
Totsl fund$ carrlad fO￿ard at 31 August 2020
6,015,640
891,466
6,907,106
5.699,535
872.391
6,571,926
All Iranso¢tlons are derived from conllnuing aclivilies.
All recognised gains and 1055es are induded in the state￿nt of financial adivili&s.
The Statement of financlal ac0v1t￿$ also complies with the requirements for an incoma and 8xp8nditur8 account under the Companlés Act 20￿.
23

King's Church London
Balance sheet as at 31 August 2020
Company number 4074651
2020
2019
Notes
Flxed assets
10
7.467,594
7,639.656
Currènt assets
Debtors
Cash at b8nk and in hand
11
379,215
1,254,288
1.633,503
371,554
682,249
1,053.803
Creditors: Amounts falllng du• wlthln
one year
Net ujrrent assets
12
1237.0021
1,396,501
1479,543)
574,260
Total assets less current liabilities
8,864,095
8,213,916
Credltors: Amounts falllng due after
more than on8 year
13
11,956.9891
11.641,9901
Net assets
8,907,106
6,571,926
Rtprèsèntèd by Fund8
Unrestri¢ted Funds
General Fund
Designated Property Fund
15, 16
15, 16
778.475
5,237,165
8,015,640
481,423
5,238,112
5,699,535
Restricted Funds
17
891.466
872,391
Totsl fund8
6,907.106
6.571,926
2qbL
Approved by the Trustees on .......................................
and signed on I
ir behalf by
Simon Llnlèy
24

King's Church London
statement of Cash Flows
For the year ended 31 August 2020
2020
2019
Cashflows from operatin9 actbvitiès
Net income
335.180
174,547
Adju8tsnents for..
Depreciation
Inter88t axpansè
Trade and other re￿1vab￿S
Trade and other payaNes
194.434
61,879
17,6611
11,2141
186,977
71,694
1245,0451
286
Cash flows generated from operatlon8
Interest paid
582.618
188,459
161,8791
171.6941
Net cashflow from operattng aetivitas
520,739
116,765
Cashflows from Invo$tlng actlvltlès
Purchase of property plant and equiprn8nt
122,3721
138,4311
Ca$hflow8 from finaneing
Capital repayments on bank ltsans
Capital repayments of other loans
PrO￿edS from new b2nk loans
Pro￿edS from n8W Oth8r loans
1107,1111
190,0001
270,783
1252,1271
1140,0001
90,QKIO
73,672
1302,1271
223,7931
Iner•a80 I Idocroasel In cash
572,039
Not• to th• cashflow120201
At I September
2019
Cash flows
Al 31 August
2020
Cash at bank
882,249
572.039
1,254.288
Deduct loans..
Loans falling du& urilhin one year
Loans falling due after more than on8 year
N8t rash
1361,1481
11.641,9901
11,320,889)
241.328
314,999
498,368
1119,8201
1,956,989
1822,521
Note to tht ca#hftow120191
At I September
2018
Cash flows
At 31 August
2019
Cash at bank
906.042
1223,7931
682,24g
Dèduet loans..
Loans falling due wthln one year
Loans falling due after more than one year
Nel c88h
1392,1261
11,913,139)
11.399,2231
30,978
271,149
78,334
1361.1481
11,641,990)
11,320.889
25

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
Accountlng pollcies
The financial slalemen18 have b88n prepared in aCG0rdan￿ wlth the Companies Act 2006, Charities Act 2011 and thè Finan¢ial
Reporting Standard 1021'FRS102"1 and th& related Slalemenl of Recornmended Practice ap￿1¢able to Charities120191. King's
Church London is a publ5¢ benefit entity 88 defined by FRS102.
1.1 Attountlng conwnllon$
Golng concern
The Iruslees consider that there are no m8terial Ur￿ertalnt￿S about the ¢hariiws abS1ily lo ¢onllnue as a golng concem and 8xist8nce of the
cuirenl ¢oron3virus epidemic does not aller the applicability of this basis for IhÈ following reasons.
1. The church carries substantial liquid ￿serveS in actord2nce wilh its reserves policy.,
2. Although a modest Impact on income has b88n 8xp&rienced since lo¢kdown, this is Insufficient lo r4uire remedial aclk)n to the church's
rinances. however. further reductions in income are p05sible'. and
3. The church has the flexibility to defersubstanlk81 Capital programs thus preserving liquid reserves.
Hlstorlcal ¢ost convention
The financial statements hav8 been prepar8d under th8 historical cost convention, as modlfied by the revaluallon of ￿rtaIn
rixed assets.
1.2 Funds
The G8n8r81 Fund and the Designated Property Fund represent the funds of th& charity that are not subj8Ct to any restrictions
regarding their use and are available lo further the objectives of the charity.
The purposes of the Reslri¢led Funds are shown in note 17 of the financi81 slaternents.
The Designated Prop8rty Fund represen15 the book value of the charitys interest in land and buiklings. less oulslandir& loans
which were incuired for the purchase and development of property Inoles 10, 14, 15 and 161.
1.3 Income
Oonalions ar8 recognised when re¢elved. Income tax recAJv&rabLg on gift ahl donat￿nS is recognised whsn the income is
recogni5ed.
Grants and18gaci8s ar8 8ccount8d forwhen the charfty 1$ novfled of ils entllbments, the amount dua i8 quanlifiabl& and receipt
is reasonab5y certain.
Other ineome is a¢counted for on a recewable basis.
1.4 Apportl*Jnment of re8ourc•s
Staff costs have been apporlone¢ across the activily areas and governanca using a Siaff Cost Ratio (note 81.
The Staff Cost Ratio is cal¢ulated by assessing th& contribution each employe8 mak8S to èach activty.
26

King's Church London
Notes to the flnancial statements
For the year ended 31 August 2020
1.5 Propertles
Valuatlon of properties
Properties are either included at cost or valuation logetherwllh subsequent development expenditure subject io
impairment ￿VieW. FUrt￿r dÈtai18 are provid￿ in not8 10.
Depreciatio
Depreciation is calculalwj to write off the ￿$1 of depre¢lable assets in equal instalments over I￿1r estimated useful lives.
Eslimaled useful lives are as follfWJS'.
Buildin95
Fixtures, fithngs and equipment
Computer equlr4nenl
50
3to 10
years
years
years
Afull yearfs depreuation is ¢harged in the year of acquisits'on and none In the year of (51sposal.
Capitallsatlon
The capitafisation th￿Sh￿d is £10.￿0 for indi￿ldual assets, although assets of lesservalue may be Caw'tslised if they form part
of a group.
1.6 Conc•sslonary loans re¢elvod
Intere51 flee loans re￿iVed are slated al the amount received unless measurement of the carrying amount of Ihe liability as 8
financial instrumentwould be materially different.
1.7 Penslon$
Pension costs relate lo paym8nts to personal Tnoney purthase schemes of employees indudlng 10 aultrenroknent
stheme and are charged in the finan¢lal stslemenls when they become payable.
1.8 Lèases
Finance Lease$
Assets held uncler hire purchase and finance leases and th8 related leas8 obligations ar8 indud8d at the fair value of the leased
assets at the In¢eptlon of Ihe18ase.
Operating leases
Rentals p8yabla U￿8[ J￿ratIng leases are ¢harged on a stravJht-line basis ovar th8 term of the leas8.
27

King's Church London
Notes to the flnancial statements
For the year ended 31 August 2020
Incom•
2 Don8tlon$
Unrè8t¥l¢tod
funds
Rostrtcted
fund8
Total 2020
Unréstrlcted
funds
Rostrlcted
funds
Total 2Q19
Regu12r giving
Income tax iecoverabk?
Regular giving- Vision 2030
Incom8 tax recoverabk- Vision 2030
Legaaes
1,378,585
264,068
64,657
9,605
336,927
49,489
1,443,242
273.673
336,927
49,489
48.421
1.307,782
257.729
44.757
5.528
376.279
62.381
1.352,539
263,257
376.279
62.381
326
48,421
326
1,691,074
460.678
2.151.752
1,565.837
488,945
2.054,782
Donatlons of £155,738 were received from key management personnel (see note 81 in the year12019.' £183.7251.
3 Communlty & Ouirsach In￿m9
Unrestrlctèd
funds
Restrittèd
funds
Total 2020
Unrestricted
funds
Ro$tri¢ted
funds
Total 2019
P￿Chang gifts
Churth actim1￿$
9,749
69,881
9,749
69.881
15.113
62,147
15,113
62.147
Grants..
Furfough receipts
Other income
79,891
14,777
79.891
14.777
41.202
41,202
174,298
174.298
118,462
118.462
Exyftditura on eharltablè actlvltlès
4 Worshlp
Unrtsstrlctèd
funds
R08trlcted
fund5
Total 2020
UnTestriGted
funds
Restricted
funds
Total 2019
Dire¢l staff costs (not8 81
Church 8cliwlies
Pr￿lSe$ apportionment
Administration apportionm8nt
348,874
39.1x5
I64,￿6
243,872
348.874
39.095
164.556
243.872
312.427
69,183
189.751
249.957
312.427
69.1
189.751
249.957
796,197
796.197
821,318
821.318
28

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
S C¢)mmunlty
Unre$tri¢ted
fund5
R88trlctèd
funds
Total 2020
Unr05trlctgd
funds
Rgstrlct&d
funds
Total 2019
Dlre¢t Staff costs (note 81
Church actI￿1t[e8
Prernise5 apportionment
Admlnl8lratbn apportionment
290.057
32.923
138,574
205.366
290,057
32.923
138,574
205,366
237,851
53,617
147,057
193.717
237,851
53,617
147.057
193.717
666.920
666,920
632,242
632,242
6 Outreach
Unr&8trl¢ted
funds
Rostrfctod
funds
Total 2020
Unrestrictèd
funds
Rt8trid8d
funds
Total 2019
Direct stsff costs Inote 81
Chur¢h activitie8
270,046
30.884
125,560
.153
395,608
g6,017
225.450
50.157
105,008
38,938
330,458
89.095
Grants payable".
Zimbabwe Is88 also note 17)
South Africa, Romania & China
Newfrontiers
Other giving
33.742
9,500
7,500
28,354
4,711
38,453
9,500
7.500
28,354
50,017
10.5
7,500
34,628
16,458
66,475
10.500
7,500
34,878
250
Premises appOr￿Qn￿￿Dt
Admlnistralion apportionment
129,912
192.530
274.794
31,778
404.706
224,308
137,569
181,218
292,514
9,910
430.083
191.128
702.448
501,996
1,204,444
697,039
463,078
1.160.117
7 Gov8Tnaneè
2020
2019
Governant8 costs include..
Audilovs remuneration
14.851
8,605
Governan¢8 costs are allocated lo charitable a¢livilles within AdmIn￿tra￿.On costs.
29

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
B Staff Costs
2020
2019
staff costs is comprised of
Wages and salaries
Social security costs
Pension costs
Staff expenses
Trdining costs
1.183,119
109,858
155,569
22.408
6,444
1,086.1(
93,870
141,769
20.250
18,464
1.477,398
1,340.459
Alloeatlon by actlvlty
All staff costs
2020
Unrestrlcted staff costs ratios
2019
Worship
Cornmunity
Outreach
348,674
290.057
395,6(
1.034,337
312,427
237.851
330.458
880,736
32
fjoo
Administration
Governan￿ (allocated wthin the Administration apportionmanti
Premise8
400,531
24,466
18.064
418.478
23,664
17.581
1.477,398
1,340,459
The staff costs ratlos are calculated by assessing the contribution each employee makes to each activity.
The Unrestricted staff costs ratios h8v8 b88n used as the basis lor apportioning unrestricted prémises, administration
and church activity costs Inotes 4, 5 & 61. Restricted staff (osts are allocated specifically.
The 8ver8ge monthly number of employees during the year w89 4312019.. 401.
The 8verag8 monthly number of full time equivalent employees during the year was 3312019.. 311.
Ther8 wère two ￿plOYa&S whose salary entit￿ment in the year was in the range £60,000 to £70,00012019.' nill, no
employees in the range £80,000 to £90,000120fj9.' on&) and on& 8mployee whose salary entitlement was in the range
£90,000 to £1CQ,Th)012019'. nill.
Kay manag•m•nt p•rsonn•l
The church's key management personnel compris8 the trust888, the S8nior Pastor. the As80¢iate Pastor and the
E%￿Ul1v8 Pastor. The total Smpltsyée benefits lincludino pension) of the key management personnel for tha yèar wérè
£243,81012019.' £230,842>.
30

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
9 Trustees and relatèd partle$
Tru8te8 remuneration
Remuneration Wds P8id to one Directorttrustee ol the charity in his employed role as Senior Pastor under clause 5.1.5
of the Memorandum of Association. for part ol the year. His rernuneration whilst a Truste8 was as follows..
2020
2019
Stephen Tibbert
Salary
Pension contributions
Incom8 Protection Policy
35,519
10,784
95
74,375
24,000
211
Tru8tee8' expense8
Expenses have be8n incurred in respect ol one employed Trustee totalling 214,12712019.. £28,145) lor travelling (both
UK and overseas) and other out ol pocket expenditur8. These ar8 expenses incurred whilst fulfilling his employm&nt
and are not related to his role as a Trustee.
Ralated partles- Trustees
The following clos8 family membérs ol Trustses were employed by the churth in the year..
William Dalziel's spouse, Hilary Dalzi81 w88 employ8d as a pastor". Stèphèn Tibbarvs spousè, Dèborah Tibbsrtwas
employed as 8 pastoral 85SlStant," stsphen fibbert's son Joshua was employed as a worship assistant and Stephan
Tibbert's son Samu61 was employed on an intemship. All the above appointments were cleared with the Charity
Cornmission.
The staff listed above re￿iVed emoluments whilst their family memb8rwas a Trustee in the year of £19.42212019.'
£18,248).
Ralat6d partle8- Newfrontler8
King's Church London is part of the family ol church apostles known as Newfront*rs.
Stephen Tibbert, 8 Trustee of this charity for part of thè y88r is also 8 Diréctor of New Frontiers International Trust Ltd
I"Newfrontl8rs'l. This is 8 UK-based charity wth which this charity had dealings in that part ol the year that Steph6n
Tibbertwas a Trustee ol this charity, as follows..
2020
2019
Sums paid from Itol Newfrontiers..
Contributions to the work of N8wfronti8rs
Reimbursement ol eosts
Conference costs. etc
Movement in period
17,5001
5,665
11,8501
13,6851
(7,5001
22,089
16.0231
8,566
31

King's Church London
Notes to the flnancial statements
For the year ended 31 August 2020
10 Fixed assets
Fixturts,
fittings and
equlpmenl
Land and
buildings
Total
Cost or valuatlon
At 1 September 2019
Additions at cost
At 31 August 2020
9,244,139
350,710
22,372
373.082
9,594,84g
22.372
9,617,221
9.244,139
Depreciation
At I September 2019
Charge for ihe year
At 31 August 2020
1,614.953
184.883
1,799,836
340.240
9.551
349,791
1,955.193
194.434
2,149,627
Net book valués
At 31 August 2019
7,629.186
10,470
7,639.656
At 31 August 2020
7,444,303
23,291
7.467,594
Land and buildings
Land and buildings at 31 Augusl 2020 is compri88d of..
Cost or
valuatltsn
Depreciation
Net book
value
Property at Catford Hill
Property at Meadowcourt Road
Property at Downh8m Way
1.991,881
6.652,258
600,000
9.244,139
569,696
1,105,140
125.000
1,799.836
1,422,185
5,547.118
475,000
7,444,303
Valuation of land and bulldlngs
The mosl recent sile valu8tions of the above properbes are..
Property at Calford Hill
Property at Meadowcourt Road
Property 8t Downham WAY
3,900,000 Valued by Savills in 2016
7,850,000
Valued by Jon8s Lang L8Salle in 2019
785,000
Valued by Sawlls in 2018
12,535,000
The prop8rty at Meadoweourt Road has the Triodos bank loans secured on it156e nottrs 12, 13 and 141.
The firsl floor and part of the ground floor ol the property at Meadowcourt Road havè beèn let externally pendlng It being
negded for the church's own purposes.
The titl6 deeds to the Catlord Hill and Downham Way properties ar6 held by The London Baptist Property Board Limit&Y
undèr trust deeds by whith King's Church London Is entitled to occupy, enjoy and have Ihe benefit of the trust pr8mises.
The London Baptist Property Board has a minority interest in the v81ue of the Cattord Hill property as disclosed in note 19.
32

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
11 Debtors
2020
2019
Deblors (including prop8rty lets)
Housing suptK)rt scheme
Prepaid expenditure
Income tax recov8r8blÈ on Glft Aid
49,653
258,787
48,330
22,445
379,215
32,783
258,787
57,831
22,153
371,554
12 Creditors: Amounts falllng due wlthln one year
2020
2019
Loans..
Triodos bank loans Inot8 141
Other loans
Inota 141
Accruals..
HM Revenue & Customs PAYE & NIC
Other accruals & defer￿￿ Income
Other creditors
109.820
10.OQO
261.148
100,0(M)
30,077
37.249
49,856
237,002
25.544
34,196
58.655
479,543
13 Cr•dltors: Amount8 falllng due after morè than on• yèar
2020
2019
Triodos bank loans (note 141
1,956,989
1,641,990
1.956,989
1,641,990
14 Loan8
2020
2019
Analysis ol loan maturity..
In one year or less
In rn0￿ than one year but less than five years
In more than five years
119,820
474,316
1,482,673
2,076.809
361,148
1,141,444
500,54S
2,003,138
Loans indude interest free loans of £10.00012019.' £100,000>.
The Triodos bank loans were refinanced in the year and an additional sum of £261.590 was borrwd in connection with
the housing support scheme. The current loans are payab18 15 yèars trom drawdown and are at a rate of 2.3¥a over base,
wlth a mlnimum 013.05%. The loans ai8 S8cur8d on property as referred lo in note 10.
33

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
15 Unr•striet•d fund$
2020
2019
General
fund
Designated
pro￿rtY
fund
7otal
unre5trlcted
funds
General
fund
Designated
property
fund
Total
unrostriGt¢d
fund5
N•t Incom• I l•xp•ndltur•l
218,562
1184,8831
33,679
21,667
{184,8831
1163,2161
Tr8nsfet5 between funds
98.490
183.936
282.426
121,6081
340,558
318,950
Net movement in funds
317,052
19471
316,105
59
155.675
155,734
Reconeiliation of funds..
Total fund5 at 1 September 2019
461,423
5,238,112
5,899,S35
461,364
5,082,437
5,543,801
Totsl funds at 31 August 2020
778,475
5.237.165
6,015.640
461,423
5,238,112
5.699,535
Expènditur6 in thè Designated Property fund ￿preSentS depreciation on prop8rti83.
Th8 transfer of £183.936 into the Designated Property Fund represents the reduction in proparty-related liabilities during the period.
16 Analys18 of net assets by fund
General
Designated
fund property fund
Restricted
funds
2020 Total
funds
Tangible fixed assets
22.291
7,056.387
287,￿6
7,467,594
Current assets..
Debtois
Cash at bank and in hand
367.565
760.622
11,￿0
493.666
379.215
1.254.288
Creditors.. Amounts falling due within one year
1125.1621
1110,0541
11,7861
1237,W21
Creditors.. Amounts falling due after rnore than on8 year
1247,8411
11,709,148)
11.956.989)
Total net ass8
778.475
5,237.165
891,466
6,907.106
17 R•strlcted fund8
Transfer (tol
unr8Strict?d
Balance at
fund$ 31 Au9U$t 2020
Balance at
1 S¢ptèmbér 2019
Movement In resources
In¢ome
Expondlture
Social Action Jericho Road Project
Vi810n 2030
Hope FurKJ
Other
South Lee Church Fund
72.977
375.539
386.416
36,847
4,$9S
1362.5561
1116,2731
{18.4561
14,7111
117,2831
1270,1431
5,000
88,677
23,39fj
1,638
797,760
1.654
797,760
Total restricted fund8
872,391
803,497
1501,9*1
1282,4261
891,466
34

King's Church London
Notes to the flnancial statements
For the year ended 31 August 2020
17 Restrfcted funds leontlnu•dl
Soclal Actlon Jerl¢ho Road Prolèet
This fund supports Klng's Church London's ministrie5 to the p¢)or in London.
The net transfer out ol this fund is comprised ol..
£25.000 donation in from King's Church London's general fund
£42.283 administration costs incurred by Kin9's Church London's gen8ral fund
Vlslon 2030
This fund provides for the refurbishment. acquksition and investment in new and existing sltes and r81ated costs.
Th8 purchas8 8nd developmenl ol the property at Meadowcourt R08d was funded in large part by borrowng and as
result the￿ will be an ongoing expense until 2035. The loan is held in the designated property fund.
Hope Fund
A fund h85 been opened to assist church members and the wider communty generally to support th08e severely
impacted by covid.
2010to
2019
Summ¥ry Of Vlslon 2030 Fund to datè
Total
2020
Income
Purchase and refurbishment of property
Other expenditure, incjuding loan interest
Amount to be raised in future years
6,528.448
17,365,578)
1,165,680
2,002,810
386,416
6,142,032
143,1641 17,322,414)
73,109
1,092,571
270.143
2,272,953
othèr
Various donations for other purposes. including offering5 towards projects in Zimbabwe.
South Lee Church
This fund identifies the proceeds of the South Lee Church building which was sold in 2004, whith is inv8si8d in
property and otherwise in the charitys charitable purposes.
18 Lease ¢omml¢ments
At 31 August 2020, the charity wa3 cornmitt8d to m8kino the followng payments wthin one year un(5er operallng
leases expiiing.
Flxture8,
fittings and
equlpment
Land and
bulldlngs
2020
Totsl
2019
Totsl
Within onè year
BeNveen one and five years
5,659
8,208
5,659
8,208
5,659
13,643
13,867
13,867
19,302
35

King's Church London
Notes to the financial statements
For the year ended 31 August 2020
19 Mlnorlty Interest
2020
2019
The London Baptist Property Board De¢l8r8lion of trust dated 2004
Minority Interest in property at Catford Hill
(not8 101
387,936
387,936
387,936
387,936
This fomis that part ol the South Lee ch￿￿h restrictsd fund Isè6 note 171 that is investèd in pmp8rty.
36