REGISTERED CHARITY NUMBER: 1087562
[4 KnightsLowe
Chartered Accountants & Business Advisers
Re
ort of the Trustees and
Unaudlted Financlal Statements
for the Year Ended 31 March 2024
for
Kln
ate Churth Trust
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Buryst Edmunds
Suffolk
IP32 7AR
Eldo House. Kemp50n Way, Suffolk 8usine55 Park
Bury St Edmunds, Sufft)IL IP32 7AR
. & 01284 7013(K)
info@knightslowe.co.uk
knightslowe.co.uk

Kin
ate Church Tr
Contents of the Flnanclal Statements
forthe Year Ended 31 March 2024
Pa8e
Report of the Trustees
Independent Examlner's Report
Statement of Financlal Activities
Balance Sheet
Notes to the Flnanclal Statements
8 to 13
Detailed Statement of Financial Artivities
14

Kin
ate Church Trust
ort of the Trustees
for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The
trustees have adopted the provision5 of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 1021 (effective l January 20191.
OBJEcfivES AND AcfiviTIES
Objectlves and aims
The charity, which 15 3 church, is governed by a trust deed and is constituted as a trust.
The trust seeks to demonstrate the Christian faith in action by..
Advancing the Christian faith in Bury St Edmunds, in the United Kingdom and the world.
To relieve distress caused by hardship, need or those who are aged or sick in Bury St Edmunds, in the United
Kingdom and the world.
Public benefit
The Trustees consider that they have complied with the duty regarding Public Beftefit as detailed in section 4 of the
Charities Act, having due regard to guidance published by the Charity Commission.
Grantmaklng
In line with our strate8ic plan to purchase a building and increase our impact within the community, we have reduced
grants to other organisations from 34% to 20% of total expenditure. This decision reflects our commitment to direct
resources towards our 8rowth and outreach efforts.
Our grant policy can be essentially split in two=
Grants for other organisations,. our policy has always been to examine both the purpose of the organisation and what
the provided funds will be aimed at. These uses must conform to our charitable aims, we ask for regular reports on
outcomes from these other organisations.
Grants for individuals,. essentially these are hardship grants, and vary in what they are tar8eted at, whether it is
purchasing a weekly shop for someone or 5UPPOrting with the purchase of white goods. For any monetary figures given
a budgeting proforma is run through with the individual to assist them in understanding the total picture. These forms
of assistance a rarely in isolation and we make regular referrals to other charities and agencies as required.
Page I

Kin
ate Church Trust
Re
ort of the Trustees
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Review of Church Activities
This year marked a return to consistent and regular contart between the church and the community. Following the
lifting of lockdown restrictions, we have focused on strengthening our relationships and increasing our impact within
the community. We have expanded our initiatives, which include:
All our existing pro8rammes continued to provide growth and impact, includin8'.
The Hangout: A weekly youth meeting in the town centre, providing a safe space foryoung people to gather.
learn, and grow together.
Annual Trips to Newday: We have resumed these trips, allowing us to sponsor young individuals from the local
community to attend a we ek ofworship and fellowship.
The Allotment: Our community allotment provides opportunities for individua15 to connect and improve their
mental health t hrough gardenin8 and community activities.
Prlson Alpha: This program continues to offer inmates the opportunity to explore faith in a supportive
environment, w ith several prisoners experiencing personal transformation through our courses.
Women's Aid: Through partnerships with local organizations like Gina's Salon, we provide safe spaces for
women to regain confidence and build social connections.
As tfustees we have instituted measurement processes to allow us to understand and measure impact made. We
monitor quarterly but receive reports annually for each initiative, this includes the number of individuals reached with
the gospel, and where applicable the number who have a made a commitment to Christ.
Within this financial year each initiative was considered both a succe55 and growing, of particular note is the expansio
of the new day sponsored places, and the expansion of the pastoral care team, allowing for more focused support to
be provided.
FINANCIAL REVIEW
Financial position
During this year, both our income and expenditure decreased refletting the additional three months included in the
prior period. The charitys cash holdin85 increased from £255,902 to £286,636.
The accounts show the charity had net incoming resources for the year of £26,51812023.. £51,025).
At the year end the charity had total reserves of £327,95012023.' £301,432). Reserves available for general charitable
purposes were £227,20812023'.1£190.2801. Reserves held in fixed assets totalled £10,42312023: £20,833}.
Additionally £89.41912023.. £89,419) was reserved in the Venue Wision fund, supporting our Boal of a future property
purchase. The excess funds will also help fund new initiatives and allow for the expansion of our employed team to
betterseNe the community.
Reserves pollcy
The trustees have determined that the charity should aim to hold unrestricted cash reserves of no less than £50,000,
equivalent to about six months of unrestricted expenditure.
Additionally, we are growing a Building Fund in line with our aim of a future purchase.
STRucfuRE, GOVERNANCE ANO MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Decision making
Strategic direction and decisions are made by the Trustees, in consultation with the Elders; he Elders being responsible
for the spiritual governing and teaching of the church. All budgets are set and monitored by the Trustees, with
individual budget holders being responsible for expenditure within their area of church life. Trustees are appointed bv
the Elder5 and are required to declare their belief in and allegiance to the Statement of Beliefs.
Page 2

Kin
ate Church Trust
Re
rtheye
ort of the Trustees
r Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Kingsgate Church
Kingsgate Church is self-supporting. The charity is a member of the Newfrontiers family of Churches and of the
Evangelical Alliance and is actively involved with the charity Relational Mission. Kingsgate Church is part of the
Churches Together in 8urySt Edmunds and members of Kingsgate meetwith otherchurch leaders.
Personnel Changes
Our board has continued to evolve, with Steve Bi885 and Naomi Everett leaving the trustees within 23-24. We are
grateful for their contributions and commitment, which have greatly benefited the Church.
While this took us bel¢)w our optimum number of trustees, we have a target of 7 to be able cover holidays and other
absences we were able to, further mature our governance and processes.
Day to day operations of the charity are delegated to the church administrator, Jenny Jackwitch and the lead elder
Dave Richardson. Further advice is provided by the treasurer David Shepheard.
Search for Building
As part of our ongoing mission, we have been actively seeking a permanent base for the church and have viewed and
reviewed several potential buildings. This process has shaped our reserves policy, with our aim to secure a central
location in Bury St Edmunds from which we can expand our social outreach capabilities. We recognize the importance
of a stable and accessible location to better seNe our community and ensure long-term sustainability.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1087562
Principal address
Office D
Hoste House IURCI
Whiting Street
Bury St Edmunds
Suffolk
IP33 INR
TNstees
John Nicholson Chair
Deborah Frappell (appointed 18.11.241
Claire Elaine O'Riordan
Jean-Paul Delport
Francis Edward John Coningsby
Independent Examiner
James Knights ACA
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Page 3

Kin
ate Church Trust
Re
rt of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Mallin8
Kent
ME19 4JQ
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparin8 the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accountin8 standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charitie5 Act 2011, Charity (Accounts ènd Reports)
Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each
financial year whith give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources, includin8 the income and expenditure, of the charity for that period. In preparing those
financial statements. the trustees are required to
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charity SORP,.
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 charity
will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charity and to enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Report51 Regulations 2CQ8 and the provision5 of the trust deed. They are
also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by order of the board of trustees on .
and signed on its behalf by:
John Nicholson- Trustee
Page 4

Inde
ent Examiner's Re
ort to the Trustees of
Kln
Ch rch Trust
Independent examiner's report to the trustees of KlnEsgate Church Trust
I report to the charity trustees on my examination of the accounts of Kingsgate Church Trust (the Trust) for the year
ended 31 March 2024.
Respoftsibilities and basls of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Att and in carryin8
out my examination I have followed all applicable Direttions given by the Charity Commission under Section 14515llbl
of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with
the examination 8ivin8 me cause to believe that in any material respect..
ccounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records- or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set
out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts
give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Knights ACA
The Institute of Chartered Accountants in England and Wales
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Date..
Page 5

Kin
ate Church Trust
Statement of Financial Actlvlties
foi the Year Ended 31 March 2024
Period
1.1.22
to
31.3.23
Total
funds
Year Ended
31.3.24
Total
funds
Unrestrirted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
167,562
6,922
174,484
213,398
Investment income
5,604
1,770
Total
173,166
6,922
180,088
215,168
EXPENDITURE ON
Charltable activlties
Church activities
146,648
6,922
153,570
164,143
NET INCOME
26,518
26,518
51,025
RECONCILIATION OF FUNDS
Totsl funds brought forward
211.113
90.319
301,432
250,407
TOTAL FUNDS CARRIEO FORWARD
237,631
90,319
327,950
301,432
The notes form part of these financial ststements
Page 6

Kin
ate Church Trust
Balance Sheet
31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXEDASSETS
Tangible assets
10,423
10,423
20.833
CURRENT ASSETS
Debtors
Cash at bank and in hand
40,473
196,317
40.473
286.636
26,857
255,903
90,319
236,790
90,319
327,109
282,760
CREDITORS
Amounts falling due within one year
io
(9,582)
(9,582)
12,1611
NET CURRENT ASSETS
227,208
90.319
317,527
280,599
TOTAL ASSETS LESS CURRENT LIABIUTIES
237,631
90,319
327,950
301,432
NET ASSETS
237,631
90,319
327,950
301,432
FUNDS
Unrestricted funds
Restricted funds..
Venue Vision
Fellowship
li
237,631
211,113
89.819
89,819
5CiI
90,319
90,319
TOTAL FUNDS
327,950
301,432
The financial statements were approved by the Board of Trustees and authorised for issue
and were signed on its behalf by:
on
Trustee
The notes form part of these financial statements
Page 7

Kin
ate Church Trust
Notes to the Financial Ststements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 'Accountin8 and Reporting by Charities: statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial
Reportin8 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
These accounts have been prepared in Pound sterlin& the functional currenLry of the charity, with rounding to
whole pounds, on an accruals basis.
The management has concluded that the financial statements give a true and fair view of the entitvs financial
position, financial performance, a true and fair override has been used to apply the Charities SORP IFRS 1021
under the Charities (Accounts and Reports) Regulations 2tXJ8, it has complied with FRS 102, the SORP except
that it has departed from a particular requirement of this SORP to the extent necessary to give a true and fair
view.
Cash in hand Ipetty cashl and amounts held in the current account are defined as highly liquid assets.
Creditors are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors are normally recognised at their settlement amount.
Critical accountlng Judgements and key sources of estlmation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances. The charity
make5 estimates and assumptions concerning the future. The resulting accounting estimates and assumptions
will, by definition, seldom equal the related actual results.
No judgements lapart from those involving estimates) have been made in the process of applyin8 the above
accounting policies.
The key assumptions concerning the future and key sources of estimation of uncertainty at the reporting date
that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities
within the next financial year are the estimation of the useful economic life of furniture and equipment.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis
and has been classified under headin8S that a￿regate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
Grants offered subjett to conditions which have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
Tangible fixed assets
Tangible fixed assets are fully written off over a period of three years on a strai8ht-line basis.
Page 8
continued...

Kin
rch Trust
Notes to the Financial Statements- continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES- contlnued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the trustee5.
Restricted fund5 can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
The charity Currently has restricted funds as follows..
Venue Wision
for the purpose of a future building purchase.
for the purpose of helping individuals either within the church, or outside of the
church, who may be in financial need
financial activity fund for the church weekend awaytr which was previously
hosted at Belsey Bridge
for giving to church planting activity. and it is not going to be used on an ongoing
basis.
Fellowship Fund
Belsey Brldge event
Mission funds
Pension costs and other post-retirement beneflts
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
INVESTMENT INCOME
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
Deposit account interest
5,604
1.770
GRANTS PAYABLE
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
Church activities
22,102
8,144
Page 9
continued...

Kin
ate Church Trust
Notes to the Financial Statements- continued
for the Year Ended 31 March 2024
GRANTS PAYABLE- tontinued
The total grants paid to institutions during the year was as follows:
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
Relational Mission
Bury Christian Youth
Empart
Promised future grant funding
Pioneer Mission
Revalation Church
Other Missions
5,130
22,394
4,500
8,250
128,200
4,180
3,402
22,002
6,944
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the period
ended 31 March 2023.
Trustees, expenses
A trustee was reimbursed for expenditure relating to allotment and Sunday refreshment & communion,
totsllin8 £58412023.. £2,397).
STAFF COSTS
The average monthly number of employees during the year was as follows..
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
Employees
No employees received emoluments in excess of £60.000.
Page 10
continued...

Kin
ate Church Tfust
Notes to the Financial Statements- continued
for the Year Ended 31 March 2024
INDEPENDENT EXAMINER'S FEES
2024
2023
Fees for Independent Examination
2,280
2,160
DEFINED CONTRIBUTION PLANS
Total employee and employer contributions of £3,913 were recognised in the SOFA during the year 12023..
£3,423). These costs are paid from the general fund.
TANGIBLE FIXED ASSETS
Equipment
COST
At l April 2023 and 31 March 2024
31.241
DEPRECIATION
At l April 2023
Charge for year
10,408
10,410
At 31 March 2024
20,818
NET BOOKVALUE
At 31 March 2024
10,423
At 31 March 2023
20,833
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
Prepayments
39,876
597
26,857
40,473
26,857
Page 11
continued...

Kin
ate Church Trust
Notes to the Financial Statement5- continued
for the Year Ended 31 March 2024
io.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Taxation and social security
Other creditors
9,095
2,161
9,582
2,161
ii.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unfestricted funds
General fund
211,113
26,518
237,631
Restrirted funds
Venue Vision
Fellowship
89,819
5CW)
89,819
500
90,319
90,319
TOTAL FUNDS
301,432
26,518
327,950
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted fvnds
General fund
173,166
1146,6481
26,518
Restrlrted funds
Belsey Bridge event
6,922
{6,922)
TOTAL FUNDS
180,088
(153,570)
26,518
Page 12
continued...

Kin
ate Church Trust
Notes to the Financial Statements- continued
for the Year End
31 March 2024
ii.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.1.22
Unrestricted funds
General fund
198,320
12,793
211,113
Restrirted funds
Venue Vision
Fellowship
Belsey Bridge event
48,658
500
2,929
41,161
89,819
5Crf)
12,9291
52,087
38,232
90,319
TOTAL FUNDS
250,407
51,025
301,432
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlrted funds
General fund
167,610
1154,8171
12,793
Restricted funds
Venue Vision
Belsey Bridge event
41,161
6,397
41,161
12,9291
19,3261
47,558
19,3261
38,232
TOTAL FUNDS
215,168
1164,1431
51,025
12.
RELATED PARTY D15CLOSURES
Salary payments totallin8 £5,200 12023: £3,467) were made to Eleanor Delport related to trustees Jean-Paul
Delport and Claire O'Riorden. These transactions were conducted on normal employee/employer terms, on an
arm's length basis.
£433 was owed to her at the year end12023 £nill.
Further detailed breakdowns of these payments are available on request.
Donations without conditions totalling £22,859 12023.. £34,6751 were received from trustee5/related parties
during the period.
Page 13

Kin
ate Church Twust
Detailed Statement of Financial Artivities
for the Year Ended 31 March 2024
Period
1.1.22
to
31.3.23
Year Ended
31.3.24
INCOME AND ENDOWMENTS
Donatlons and legacles
Donations
Gift aid
Other income
139,667
26,041
8,776
178,420
26,857
8,121
174,484
213,398
Investment income
Deposit account interest
1.770
Total incoming resouices
180,088
215,168
EXPENDITURE
Charitsble activities
Wages
Pensions
Hire of premises and Storage unit
Outreach attivities
Church running costs
Insurance
Governance
Computer and software costs
Other charitable expenses
Depreciation of equipment
Grants to institutions
Grants to individuals
43,829
1,107
21,516
19,455
6,585
1.441
5,115
1,860
17,250
10,410
22,002
100
45,488
1,085
24,227
23,437
8.764
1.649
3,997
4,351
30,357
10,408
6,944
1,200
150.670
161,907
Support costs
Flnance
Bank charges
620
76
Govemance costs
Accountancy and legal fees
2,280
2,160
Totsl resources expended
153,570
164,143
Net income
26,518
51,025
This page does not form part of the statutory financial statements
Page 14

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## **Signature 1** 

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"Independent Exam Signed"