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2024-03-31-accounts

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

CHARITY NO: 1095085 COMPANY NO: 04430106

AUKER RHODES PROFESSIONAL SERVICES LLP

Chartered Accountants

YEADON

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Company Information 1
Report of the Directors and Trustees 2 – 6
Statement of Directors and Trustees Responsibilities 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10 – 11
Notes to the Financial Statements 12 – 19
Detailed Statements of Financial Activities:
Unrestricted Funds 20 – 21
Building Funds 22
Other Restricted Funds 23 - 24

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

COMPANY INFORMATION

LEGAL STATUS : A Company limited by guarantee not having a share
capital. The governing instrument is the Company’s
Articles of Association. The Company is a registered
Charity.
DIRECTORS AND TRUSTEES : I Ravens
C G Nelson (appointed 21-11-23)
S Allen (appointed 21-11-23)
M J Mushota (appointed 21-11-23)
D Straughton (resigned 21-11-23)
A Davies (resigned 04-07-23)
Da-Ebube Alfred
Mrs N M Rhodes
SECRETARY : I. Ravens
REGISTERED OFFICE AND : Brigade House
PRINCIPLE ADDRESS Brigade Close
Harrow
Middlesex
HA2 0LQ
REGISTERED CHARITY NUMBER : 1095085
COMPANY NUMBER : 04430106
SOLICITORS : Hill Hofstetter Ltd
Trigen House
Central Boulevard
Blythe Valley Park
Solihull
B90 8AB
ACCOUNTANTS : Auker Rhodes Professional Services LLP
Chartered Accountants
Basement Floor
Focus House
Focus Way
Yeadon
LS19 7DB
BANKERS : Barclays Bank Plc
355 Station Road
Harrow
Middlesex
HA1 2AN

Page 1

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS AND TRUSTEES

The Directors and Trustees present their Report and Financial Statements for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE INFORMATION

CHARITY NO: 1095085 COMPANY NO: 04430106

The Charity operates from its registered office at Brigade House, Brigade Close, Middlesex, HA2 0LQ.

The Directors and Trustees who served during the year are:

I.M. Ravens D.P. Straughton (Resigned 21.11.23) A. Davies (Resigned 04.07.23) Da-Ebube Alfred Mrs N M Rhodes

C.G. Nelson (Appointed 21.11.23) S. Allen (Appointed 21.11.23) M.J. Mushota (Appointed 21.11.23)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity’s legal status is that of a Company Limited by Guarantee and is governed by the Company’s Articles of Association.

Trustees are appointed by members of the company at Annual General Meetings or Extraordinary General Meetings. Trustees have the power to fill casual vacancies subject to approval at subsequent Annual General Meeting.

AGENTS AND ADVISERS

The Solicitors of the Charity are Hill Hofstetter Ltd, of Solihull.

The Accountants of the Charity are Auker Rhodes Professional Services LLP, Chartered Accountants and Registered Auditors, of Yeadon.

OBJECTIVES AND ACTIVITIES

The objective of the charity is the advancement of the Christian faith in accordance with the doctrines and practices laid out under the "Statement of Beliefs" in the Memorandum of Association.

Our vision as a local church is to be a growing international family of worshipers devoted to Jesus Christ, knowing him, and making him known, and to be a compassionate presence in the local community, serving those around us in practical and caring ways.

We aim to provide as many opportunities as possible for all people in the area to learn and benefit from the teaching of the Bible and the Christian message. With this in mind, we strive to be a church which is international in outlook and inclusive of people from different cultural and ethnic backgrounds, thus reflecting the diverse makeup of the population of Harrow.

The trustees have complied with their duty to have due regard to the guidance on Public Benefit published by the Charity Commission in exercising their powers or duties .

Throughout this financial year, the church has continued to meet regularly for worship, teaching, and prayer. Meeting formats have included:

Page 2

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS AND TRUSTEES

OBJECTIVES AND ACTIVITIES Cont.

ACHIEVEMENTS AND PERFORMANCE

Sunday Meetings

We have continued to hold public meetings every Sunday morning for worship and teaching from the Bible initially at Vaughan Primary School. However, on 22[nd] September we ceased to meet at the school because it had agreed to a long-term let of a major part of its premises for teaching Arabic to 70 students. We identified possible safeguarding issues with this arrangement and therefore decided to cease meeting there with immediate effect. Initially we used Brigade House as our Sunday venue, but on 29[th] October we were able to move to Harrow Salvation Army’s premises in South Harrow.

Our teaching programme was designed to foster spiritual growth and faith as well as to inspire vision and provide encouragement for both the individual and the corporate church. We covered several series throughout the year including ‘Holiness & Hope’ (First Letter of Paul to the Thessalonians), ‘The Spirit Filled Church’, and ‘Everyone a Witness’. Presentation of the Gospel for the benefit of those new to or outside of the Christian faith is also a regular feature in our meetings.

On occasions we invited visiting speakers to preach on subjects in line with our values and vision. For example, in October Philip Ellwood from King’s Church Kingston came and spoke on ‘The Heart and Hands of Evangelism. Also, Julian Saunders, manager of FirmFoundation and member of King’s Church Harrow, spoke about the work of FirmFoundation on Homelessness Sunday.

We gave opportunity for people to respond to the message that had been given and we also offered prayer for healing of the sick. Also, once every six weeks or so, we took Communion together on Sundays as part of our service.

Arrangements were in place for children’s activities to be available at most of our Sunday morning services during part of the service. All those who serve as teachers and helpers on our children’s work teams are DBS checked.

Church and Community Activities

Several midweek workshop sessions and courses were arranged at Brigade House which linked in with the themes preached on a Sunday. In June there were 3 sessions on ‘The Spirit Filled Church’, 2 sessions in July on ‘Evangelism Equipping’ followed by 6 sessions over September and October going through ‘Natural Evangelism Course’ by evangelist J John.

In October we hosted a breakfast at Brigade House followed by a seminar on ‘How to Eat Healthily’ led by a nutritionist, Diana Wright. 38 people attended. 22 were guests invited by church members.

In December we held a Christmas Carol Service at Harrow Salvation Army building for the whole church to which visitors were invited and Adrian Holloway, a well-known evangelist, was invited to speak. Leaflets advertising the event were hand delivered in the surrounding area. In addition, over the Christmas period we hosted two craft workshops making Christmas wreaths and decorating cupcakes, and a New Years Eve Walk at Rickmansworth Aquadrome. All these events were open to visitors with the aim of building friendships.

Our mid-week small groups offered regular online or face to face meetings throughout the year with opportunities to catch-up, worship and prayer together. Some groups offered a weekly gathering, others fortnightly. This helped keep a sense of community and looking out for one another.

In February we held 4 midweek sessions entitled ‘Seeking God Together’ at Brigade House giving opportunity to church members engage with God through corporate worship and prayer.

Throughout the year we arranged social events with the aim of helping our members become more integrated and thus give opportunities for development of friendships within the church. Most were also open for guests to be invited. Social events included: men’s curry night and tenpin bowling, rambles and picnics.

Page 3

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS AND TRUSTEES

ACHIEVEMENTS AND PERFORMANCE Cont.

Our youth club for eleven- to sixteen-year-olds continued to meet monthly on Friday evenings. The purpose of these meetings is to facilitate the development of friendships and discipleship. Also, on most Sunday mornings there was an opportunity for this age range to receive teaching from the Bible, separately from the main meeting.

Kings’ English Class

Marta Biggart, a qualified and experienced ESOL teacher, is employed to offer weekly term-time English classes from 1 to 3pm on a Monday at Brigade House. Maximum attendance was 12 and average attendance was 8 throughout the year. Nationalities of those who came were Sri Lanka, Colombia, Russia, Ukraine, South Korea, China, Romania, Kosovo, Nepal and The Caribbean.

The English class is a place where people come to learn and improve their English language skills but also a place where cross-cultural friendships are formed and consolidated so those who are distressed due to their circumstances can find love and acceptance. Some of the students established friendships outside the class hours and meet occasionally. Importantly, our Russian and Ukrainian students worked well together despite the current conflict between their countries.

The class is also an opportunity to introduce Christianity. Christmas and Easter are special occasions when Bible stories are presented, a meal is provided, and Christian literature is given to the students. This year one of the students from Colombia started to attend our church services. In addition, 3 students showed interest in starting a Bible study group which is now taking place at Brigade House on Tuesdays.

Support for People with Mental Health Challenges

Cliff Nelson, one of the elders at King’s Church Harrow, received training back in 2012 as a faith visitor from the Harrow Mental Health Service at Northwick Park Hospital. This role primarily involves responding to individual patient requests to see a Christian faith visitor on the Eastlake and Fernley mental health wards at Northwick Park Hospital, as well as providing faith materials for patients, especially to cover Christmas and Easter time.

From April 2023 to end of March 2024 Cliff continued to be available to make visits to patients on request, which were facilitated by the Mental health ward occupational therapists. The aim of each visit is to bring encouragement and support and be responsive to what the patient would like from the session. This often begins with listening to the patient’s story, giving them an opportunity to chat and find out how we can assist. It is helpful to find out what things the patient enjoys and see what activities they are taking part on the ward. Patients are often open to, or request prayer, and also ask questions about different aspects of the Christian faith or life. We usually share some encouraging stories, or scripture promises from the Bible about God’s love. If they would like a future visit they can ask their occupational therapist to arrange. Brief feedback is usually given to the occupational therapist about each session.

Ministry to the Poor

For the fifteenth year running we worked in partnership with other churches in Harrow through a local charity we set up in the name of FirmFoundation, seeking to meet the needs of those who are homeless in the borough. Julian Saunders, one of our members, is employed full-time as Charity Manager by FirmFoundation. At the three-month night shelter, volunteers from the church helped to cook and serve food, befriend the guests and clear up each evening as well as provide cover for overnight sleepers to be on call in case of any emergencies. A number of our members also help out at the weekly drop-ins that FirmFoundation host in central Harrow throughout the year.

Tot’s Group

Isabel Burrows, Carole Green and Alison Theobald work together to provide a Toddler group for children 0-5 years and their carers. All helpers are DBS checked. We welcome mums, dads, grandparents and childminders.

We set up the meeting room at Brigade House on Wednesday (term time only) and the session runs from 13.15 pm to 14.45pm.

At the beginning of the financial year our regulars, a core of 7 children, carried on attending during the summer term but sadly we had to say goodbye to most of them in July as children were either attending day nursery/school from September or moving out of the area.

The autumn term started very slowly and generally we only had 1 or 2 mums coming with their children, one of these was a regular mum who had done a lot of advertising at other groups that she went to. Emails were sent to local churches who also ran toddler groups, but at different times from us, asking if they would be willing to advertise us, only one responded.

Page 4

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS AND TRUSTEES

ACHIEVEMENTS AND PERFORMANCE Cont

Tot’s Group Cont.

Numbers were still low in January but increased to 3-4 children by February which continued until the end of term. We have been able to build up relationships with the carers and have seen the children develop and gain confidence over the time they have been attending our group. We have also had opportunities to pray with mums/grandmas and bring prayer requests to the Friday prayer group. Also to offer some clothes from Cariad Baby Bank for the children.

Cariad Baby Bank

The baby bank continues to support needy families in Harrow and beyond. Referrals often come from neighbouring boroughs as need has continued to increase and professionals are having to look further afield to access support. We have maintained the original model for dealing only with professionals who work with families, and this means we can provide help to those in society who require it most. The items we supply include, adult and child toiletries, baby food, Moses basket bedding, and cot sheets purchased mainly from funds provided by King’s Church Harrow. We also provide second-hand baby equipment and children’s clothing supplied by the wider community. During the year we have completed another 180 referrals which is a 26% increase on the previous year. We have developed a number of very useful contacts with organisations to whom we can direct families for additional support for example Healthy Start Initiative. We also have a small number of donors who contribute an exceptional amount in baby toiletries and supplies which has meant that though we have fulfilled our largest annual number of referrals so far, our costs have actually decreased.

Leadership

At the beginning of the financial year Michael Scott stood down from eldership at King’s.

On 17[th] November Sheldon Allen and Freddy Alfred were appointed elders of the church. Dale Barlow, part of the leadership core team of New Ground and from King’s Church Oxted, led the formal setting apart of Sheldon and Freddy during the Sunday morning service and brought some teaching from the Bible.

At a family meeting of the church in January David Straughton announced to the church he was standing down from leadership of the church with effect from 31[st] August after having served 29 years on full time staff. The next few months would be devoted to ‘handing over the baton’ of leadership to the other elders and supporting Sheldon and Freddy in their new eldership roles.

On 1[st] March Cliff Nelson, one of our full-time staff members, commenced a six-week sabbatical, the purpose of which was to come aside from his usual church responsibilities, to pray and study, and also to reflect, rest and recharge in preparation for his next season of service.

The eldership team meet regularly for planning, prayer and discussion of church related issues. The full-time elders on church staff also met regularly with Dale Barlow, from the New Ground Core leadership team, and two elders from another local church Christ First Watford. These meetings were supportive times to share vision and progress in mission activities as well as challenges encountered in leading the local church. Prayer for each other and for the two churches was a feature of these meetings. During the year some of our leaders attended New Ground Prayer Days and the New Ground Leadership conference.

Page 5

.

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS AND TRUSTEES

FINANCIAL REVIEW

We are part of a family of churches known as ‘New Ground’ within ‘Newfrontiers’ and as an expression of our commitment to being involved in world mission we give financial support to New Ground in their various projects both in the UK and in other parts of the world, particularly Europe. This year’s support is still under review and will appear in next financial year’s accounts. We have also continued to provide financial support to a local charity, ‘FirmFoundation’, as it seeks to serve the homeless in Harrow.

Full details of the financial transactions are contained in the attached Accounts. The total incoming resources for the year were £227,172 and after deducting resources expended of £177,042, the net surplus was £50,130.

In May we received a donation totalling £84,000. £42,000 was earmarked for reducing the mortgage on Brigade House, £10,000 to the Hardship Fund and the remaining amount of £32,000 to the General Fund. Later in the year we decided to makea further reduction of the mortgage using £10,000 from the cash reserves held in the Building Fund and £30,000 from the cash reserves held in the General Fund. We also resolved to look at the possibility of completely clearing the remaining mortgage in the new financial year.

Our policy is to maintain sufficient reserves in our Unrestricted Fund to enable us to continue to meet our current commitments. We are no longer maintaining a cash reserve of £10,000 in the Building Fund to cover any possible increases in the interest rate on our mortgage in view of the relatively small amount remaining after the above reductions. However, we continue to maintain a designated fund which now has a cash balance of £5,296 as a contingency to meet any unexpected costs relating to emergency repairs to Brigade House.

The net assets of the Charity at 31st March 2024 were £764,768.

FUNDS HELD AS CUSTODIAN TRUSTEE

No assets are held in the capacity of Custodian Trustee.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

SIGNED ON BEHALF OF THE TRUSTEES

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Page 6

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF DIRECTORS AND TRUSTEES RESPONSIBILITIES

The trustees (who are also directors of King's Church, Harrow for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 7

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF DIRECTORS AND TRUSTEES OF KING’S CHURCH HARROW

| report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 9 to 24.

’ RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements: e to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006; and

  2. e to prepare accounts which accord with the accounting records, comply with the accounting requirements of sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Accounting and Reporting by Charities: Statement of Recommended Practice applicabie to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015)

  3. to which, in my opinion, attention should be drawn in order to enable the proper understanding of the accounts to,obg¢ reached.

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19™ November 2024

Basement Floor Focus House Focus Way Yeadon LS19 7DB

Page 8

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (INCORPORATING INCOME AND EXPEDITURE ACCOUNT)

Unrestricted
Notes
Funds
£
INCOMING RESOURCES
Voluntary Income
2
153,594
Activities for Generating Funds
3
10,042
Investment Income
4
1,987
Total Incoming Resources
165,623
RESOURCES EXPENDED
Cost of Generating Funds
432
Governance Costs
5
8,543
Charitable Activities
Staff Costs
6
108,708
Premises and Equipment Costs
7
15,003
Administration Costs
8
7,532
Other Charitable activities Costs
9
7,267
Mortgage loan interest
-
138,510
TOTAL RESOURCES EXPENDED
147,485
NET INCOMING RESOURCES
18,138
Net Transfers Between Funds
(37,809)
Balances Brought Forward
136,060
Revaluations
-
Balances Carried Forward
116,389		 Restricted
Funds
£
61,506
-
43
61,549
160
-
-
16,070
-
9,734
3,593
29,397
29,557
31,992
37,809
328,934
249,644
648,379		 Total Funds
Total Funds
2024
2023
£
£
215,100
198,539
10,042
20,625
2,030
340
227,172
219,504
592
-
8,543
7,527
108,708
98,645
31,073
36,629
7,532
6,084
17,001
19,399
3,593
6,743
167,907
167,500
177,042
175,027
50,130
44,477
-
-
464,994
420,517
249,644
-
764,768
464,994

Page 9

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AT 31 MARCH 2024

Notes
FIXED ASSETS
Tangible Assets
10
CURRENT ASSETS
Debtors
11
Cash at Bank
CREDITORS
Amounts Falling Due Within
One Year
12
Total assets less current liabilities
CREDITORS
Amounts Falling Due after
more than One Year
13
NET ASSETS
RESERVES
Unrestricted Funds
14
Designated Funds
14
Restricted Funds
14		 £
£
£
£
668,831
436,465
24,617
32,407
110,077
120,870
134,694
153,277
5,020
14,401
129,674
138,876
798,505
575,341
33,737
110,347
764,768
464,994
111,243
134,520
5,147
1,541
648,378
328,933
764,768
464,994
2024
2023

Page 10

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AT 31 MARCH 2024

sores CONtINUCd

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with section 476 of the Companies Act 2006.

The Directors’ acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the board on 19" November 2024, and signed on their behalf by:

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C G Nelson S Allen
WM hen te
Mrs N M Rhodes M J Mushota
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Da-Ebube Alfred Mrs N M Rhodes
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THE TRUSTEES

Company Registration Number: 04430106

Page 11

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

The financial statements of the charitable company, which is public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102). ‘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 (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard FRS102 applicable in the UK and Republic of Ireland’ EEA, the and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Fixtures, Fittings & Equipment 10% on cost Computer Equipment 33% on cost Freehold property 2% on cost

2. VOLUNTARY INCOME

Tithes
Offerings
Income Tax Recovered		 Unrestricted
Funds
2024
£
98,710
33,500
21,384
153,594		 Restricted
Funds
2024
£
1,605
58,500
1,401
61,506		 Total
Total
Funds
Funds
2024
2023
£
£
100,315
148,088
92,000
19,600
22,785
30,851
215,100
198,539

Page 12

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

3. ACTIVITIES FOR GENERATING FUNDS

Rental Income
Fitness Class Income
Miscellaneous Income		 Unrestricted
Funds
2024
£
10,000
-
42
10,042		 Restricted
Funds
2024
£
-
-
-
-		 Total
Total
Funds
Funds
2024
2023
£
£
10,000
20,463
-
162
42
-
10,042
20,625

4. INVESTMENT INCOME

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
Income Received From
Cash Deposits 1,987 43 2,030 340

5. GOVERNANCE COSTS

Legal & Professional fees
Registrations & Subscriptions
DBS / CRB Checks
Insurance		 Unrestricted
Funds
2024
£
5,274
1,464
245
1,560
8,543		 Restricted
Funds
2024
£
-
-
-
-
-		 Total
Funds
2024
£
5,274
1,464
245
1,560
8,543		 Total
Funds
2023
£
3,820
1,724
175
1,808
7,527

Page 13

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

6. STAFF COSTS

Staff costs were as follows:

The pension costs represent contributions payable by the charity for the year.

Directors Remuneration
Wages and Salaries
Social Security Costs
Pension Costs		 Unrestricted
Funds
2024
£
47,308
47,914
5,202
8,284
108,708		 Restricted
Funds
2024
£
-
-
-
-
-		 Total
Funds
2024
£
47,308
47,914
5,202
8,284
108,708		 Total
Funds
2023
£
38,621
47,646
4,338
8,040
98,645

The average number of employees during the year was as follows:

2024 2023
Administration and support 4 4

7. PREMISES AND EQUIPMENT COSTS

Rates
Room Hire
Repairs and Renewals
Loss on sale of assets
Depreciation		 Unrestricted
Funds
2024
£
298
11,035
1,499
-
2,171
15,003		 Restricted
Funds
2024
£
-
-
-
-
16,070
16,070		 Total
Total
Funds
Funds
2024
2023
£
£
298
318
11,035
18,900
1,499
2,223
-
1,471
18,241
13,717
31,073
36,629

Page 14

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

8. ADMINISTRATION COSTS

Telephone
Electricity and Gas
Computer Costs
Printing and Stationery
Entertaining
Travelling expenses
Bank charges
Sundry Expenses		 Unrestricted
Funds
2024
£
884
3,128
-
2,018
55
321
213
913
7,532		 Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-		 Total
Funds
2024
£
884
3,128
-
2,018
55
321
213
913
7,532		 Total
Funds
2023
£
1,357
1,788
120
1,690
-
246
219
664
6,084

9. OTHER CHARITABLE ACTIVITIES COSTS

Gifts
Visiting Speakers
Conferences and Training
Books and C/Ds
Fitness Classes
PA Expenses
Baby Bank Supplies
Football
Children and Young People
Catering and Social Events		 Unrestricted
Funds
2024
£
5,412
225
298
213
-
67
-
-
129
923
7,267		 Restricted
Funds
2024
£
6,700
-
-
-
-
-
3,034
-
-
-
9,734		 Total
Funds
2024
£
12,112
225
298
213
-
67
3,034
-
129
923
17,001		 Total
Funds
2023
£
14,271
-
1,475
99
320
70
2,283
160
82
639
19,399

Page 15

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

10. FIXED ASSETS

Cost
Cost at 1 April 2023
Additions
Revaluations
Disposals
Cost Carried Forward
Depreciation
Depreciation at 1 April 2022
Depreciation Charge for Year
Eliminated on disposals
Depreciation Carried Forward
Net Book Value at 31 Mar 2024
Net Book Value at 31 Mar 2023		 Freehold
Property
Building Fund
£
550,356
-
249,644
-
800,000
121,077
16,000
-
137,077
662,923
429,279		 Total
General Fund
Building Fund
£
£
£
50,894
4,525
605,775
963
-
963
-
-
249,644
-
-
-
51,857
4,525
856,382
43,773
4,460
169,310
2,210
31
18,241
-
-
-
45,983
4,491
187,551
5,874
34
668,831
7,121
65
436,465
Fixtures, Fittings and
Equipment

Revaluation

The fair value of the church's Freehold Property was revalued on 02 January 2024 by an independent valuer. The name and qualification of the independent valuer are Book A Local Surveyor Ltd, Tim Lewis MRICS, Registered valuer.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £550,356 (2022 - £550,356).

11. DEBTORS

Income Tax Recoverable
Loans
Prepayments		 2024
2023
£
£
22,785
30,851
1,150
1,250
682
306
24,617
32,407

Page 16

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

12. CREDITORS: Amounts falling due within one year

Accrued Expenses
Bank Mortgage loan		 2024
2023
£
£
3,990
3,788
1,030
10,613
5,020
14,401

Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the Church:

Bank Mortgage loan
CREDITORS: Amounts falling due after more than one year
Bank Mortgage loan		 2024
£
1,030		 2023
£
10,613
1,030
2024
£
33,737
33,737		 10,613
2023
£
110,347
110,347

13. CREDITORS: Amounts falling due after more than one year

Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the Church:

Bank Mortgage loan
Instalments not due within five years		 2024
£
33,737
33,737
2024
£
28,587		 2023
£
110,347
110,347
2023
£
61,755

Page 17

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

14. STATEMENT OF FUNDS

At 1 April
2023
Income
Expense
£
£
£
General Fund
134,520
165,623
(147,086)
Total Unrestricted Funds
134,520
165,623
(147,086)
Designated Funds
Kingsbury Fund
(4,005)
-
(399)
Brigade House Maint. Fund
5,296
-
-
Relief Fund
250
-
-
Total Designated Funds
1,541
-
(399)
Restricted Funds
Building Fund
318,684
43,793
(19,624)
Gift Management Fund
77
2,500
(2,500)
Caraid Baby Bank Fund
1,781
2,856
(3,233)
Hardship Fund
8,391
12,400
(4,200)
Total Restricted Funds
328,933
61,549
(29,557)
Total Funds
464,994
227,172
(177,042)		 At 1 April
2023
Income
Expense
£
£
£
134,520
165,623
(147,086)		 Revaluations
£
-		 At 31 March
Transfers
2024
£
£
(41,814)
111,243
(41,814)
111,243
4,005
(399)
-
5,296
-
250
4,005
5,147
37,809
630,306
-
77
3,000
4,404
(3,000)
13,591
37,809
648,378
-
764,768
134,520
165,623
(147,086)		 -
-
-
-
1,541
-
(399)		 -
318,684
43,793
(19,624)
77
2,500
(2,500)
1,781
2,856
(3,233)
8,391
12,400
(4,200)		 249,644
-
-
-
328,933
61,549
(29,557)		 249,644
464,994
227,172
(177,042)		 249,644

The general fund represents the free funds of the charity which are not designated for particular purposes.

The building fund is restricted to the costs in respect of the maintenance and up keep of Brigade House plus serving the mortgage repayments.

The worship director fund was set up for the purpose of employing a worship director.

Brigade House Maintenance Fund was set up for the purpose of contingency to cover any emergency repairs at Brigade House.

Revaluation

The fair value of the church's Freehold Property was revalued on 02 January 2024 by an independent valuer. The name and qualification of the independent valuer are Book A Local Surveyor Ltd, Tim Lewis MRICS, Registered valuer.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £550,356 (2022 - £550,356).

Page 18

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed Assets
Current Assets
Current Liabilities
Non Current Liabilities		 Unrestricted
Funds
£
4,685
98,547
(3,990)
12,000
111,242		 Designated
Funds
£
919
4,228
-
-
5,147		 Restricted
Total
Funds
Funds
£
£
663,227
668,831
31,919
134,694
(1,030)
(5,020)
(45,737)
(33,737)
648,379
764,768

16. TRANSACTIONS WITH DIRECTORS AND TRUSTEES

There were no such transactions during the year.

17. RELATED PARTY TRANSACTIONS

There were no such transactions during the year.

18. CONTROL

The Charity was under the control of the Directors and Trustees throughout the current and previous year.

Page 19

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UNRESTRICTED FUNDS

INCOMING RESOURCES
Tithes
Offerings
Income Tax Recovered
Interest Received
Rental Income
Miscellaneous Income
Fitness Class Income
Total Incoming Resources
RESOURCES EXPENDED (Page 21)
NET INCOMING RESOURCES
Net Transfers Between Funds
Balance at 1 April 2023
Balance at 31 March 2024		 General
Funds
£
98,709
33,500
21,385
1,987
10,000
42
-
165,623
(147,485)
18,138
(37,809)
136,060
116,389		 2024
2023
£
£
98,709
146,083
33,500
17,300
21,385
29,774
1,987
316
10,000
20,463
42
-
-
162
165,623
214,098
(147,485)
(154,712)
18,138
59,386
(37,809)
(16,770)
136,060
93,444
116,389
136,060
Unrestricted Funds

Page 20

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UNRESTRICTED FUNDS

RESOURCES EXPENDED
Salaries
Gifts:
Newfrontiers
FirmFoundation
Others
Visiting Speakers
Conferences and Training
Outreach and Publicity
Rates
Room Hire
Insurance
Electricity and Gas
Telephone
Computer Costs
Printing and Stationery
Repairs and Renewals
Travelling expenses
Books and Tapes
P. A. Expenses
Fitness Classes
Football expenses
Children and Young People
Catering and Social Events
Entertaining
Legal and Professional
Sundry Expenses
Bank Charges
Loss on sale of Tangible assets
Depreciation of Fixed Assets
Furniture, Fixtures & Equipment		 General
Funds
£
108,708
-
1,703
3,709
225
298
432
298
11,035
1,560
3,128
884
-
2,018
1,499
321
212
67
-
-
129
923
55
5,274
2,623
213
-
2,171
147,485		 2024
2023
£
£
108,708
98,645
-
8,100
1,703
5,418
3,709
753
225
-
298
1,475
432
-
298
318
11,035
18,900
1,560
1,808
3,128
1,788
884
1,357
-
120
2,018
1,690
1,499
2,048
321
246
212
99
67
70
-
320
-
160
129
82
923
639
55
-
5,274
3,820
2,623
2,563
213
219
-
1,471
2,171
3,603
147,485
155,712
Unrestricted Funds

Page 21

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 BUILDING FUNDS (RESTRICTED)

INCOMING RESOURCES
Tithes
Offerings
Income Tax Recovered
Investment Income
Total Incoming Resources
RESOURCES EXPENDED
Bank loan interest
Depreciation of Fixed Assets
Freehold property
Furniture, Fixtures & Equipment
Total Expended Resources
NET INCOMING RESOURCES
Net Transfers Between Funds
Balance at 1 April 2023
Revaluations
Balance at 31 March 2024		 Building
Fund
£
900
42,500
350
43		 2024
2023
£
£
900
1,075
42,500
-
350
269
43
24
43,793
1,368
3,593
6,743
16,000
11,007
31
68
19,624
17,818
~~-~~
24,169
(16,450)
37,809
16,770
318,684
318,364
249,644
-
630,306
318,684
Building Funds
43,793
3,593
16,000
31
19,624
24,169
37,809
318,684
249,644
630,306

Page 22

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 OTHER RESTRICTED FUNDS

INCOMING RESOURCES
Offerings
Income Tax Recovered
Total Incoming Resources
RESOURCES EXPENDED
Gifts Hardship & Other
Total Expended Resources
NET INCOMING RESOURCES
Net Transfers Between Funds
Balance at 1 April 2023
Balance at 31 March 2024		 Worship
Director
Fund
£
-
-
-
-
-
-
-
-
-		 Gift
Mangement
Fund
£
2,000
500
2,500
2,500
2,500
-
-
77
77		 2024
2023
£
£
2,000
-
500
-
2,500
-
2,500
-
2,500
-
-
-
-
-
77
77
77
77
Restricted Funds
Total Other

Page 23

KING’S CHURCH HARROW (A COMPANY LIMITED BY GUARANTEE)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 OTHER RESTRICTED FUNDS

INCOMING RESOURCES
Tithes
Offerings
Income Tax Recovered
Total Incoming Resources
RESOURCES EXPENDED
Gifts - Hardship
Outreach and Publicity
Baby Bank Supplies
Repairs and maintenance
Depreciation of Fixed Assets
Furniture, Fixtures & Equipment
Total Expended Resources
NET INCOMING RESOURCES
Net Transfers Between Funds
Balance at 1 April 2023
Balance at 31 March 2024		 Cariad
Bank Baby
Fund
£
705
1,600
551
2,856
-
160
3,034
-
39
3,233
(377)
3,000
1,781
4,404		 Hardship
Fund
£
-
12,400
-
12,400
4,200
-
-
-
-
4,200
8,200
(3,000)
8,391
13,591		 2024
2023
£
£
705
930
14,000
2,300
551
807
15,256
4,037
4,200
-
160
-
3,034
2,283
-
175
39
39
7,433
2,497
7,823
1,540
-
-
10,172
8,632
17,995
10,172
Restricted Funds
Total Other

Page 24