# **LONDON CHURCH INTERNATIONAL** 

# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 November 2023** 

**CHARITY REGISTRATION No: 1095489 COMPANY REGISTRATION No: 04448178** 

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 

1 



## **LONDON CHURCH INTERNATIONAL** 


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CONTENTS<br>**----- End of picture text -----**<br>



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Pages 4 - 5 Report of the Trustees<br>Page 6 Independent Examiners Report to the Trustees.<br>Page 7 Statement of Financial Activities<br>Pages 8 Balance Sheet<br>Page 9 - 15 Notes to the Financial Statements<br>**----- End of picture text -----**<br>


2 



## **LONDON CHURCH INTERNATIONAL** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**CHARITY NUMBER** 1095489 **COMPANY REGISTRATION NUMBER** 4448178 **START OF FINANCIAL PERIOD** 1 December 2021 30 November 2023 

**END OF FINANCIAL PERIOD** 

**OTHER NAME** KINGSGATE CHURCH 

**TRUSTEES AT 30 November 2023** 

Emma Foster Chet Henderson (Resigned 1 July 23) Martin Reeve Resigned (20 October 23) Paul Harper Fiona Farrelly Sean Dooley (appointed 23 October 23) 

## **CORRESPONDENCE ADDRESS** 

## **GOVERNING DOCUMENT** 

Empire Building 161a Clarence Street Kingston Upon Thames Surrey KT1 1QT 

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED ON THE 27 MAY 2002. 

## **INDEPENDENT EXAMINER** 

## **OBJECTS** 

K Gomes Independent Examiners Ltd Unit 2 The Broadfield Business Centre Delling Lane Bosham PO18 8NF 

a) to advance the Christian faith in accordance with the Statement of beliefs appearing in the Schedule hereto in Greater London and in such other parts of the United Kingdom or the world as the directors of the Charity (herein called "the Trustees") may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. 

3 



## **LONDON CHURCH INTERNATIONAL** 

## **REPORT OF THE TRUSTEES** 

## **FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **Structure, Governance and Appointment of Trustees:** 

The charity is a company limited by guarantee and does not have share capital. The charitable company was incorporated on 27 May 2002 and was registered with the Charity Commission on 20 January 2003,but remained dormant until the operations, funds, assets and liabilities of the former non-profit making organisation with the same name were transferred across on 1 April 2004. 

## **Organisational Structure** 

The Charity is controlled by the Trustees. Trustees during the year are detailed on page 1. The Trustees and Treasurer are non-paid volunteers. None of the Trustees has any beneficial interest in the company. 

## **Objectives and Activities** 

a) to advance the Christian faith in accordance with the Statement of beliefs appearing in the Schedule hereto in Greater London and in such other parts of the United Kingdom or the world as the directors of the Charity (herein called "the Trustees") may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity; 

b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. 

## **Achievements and performance** 

In common with most organisations in the voluntary sector, 22/23 was a combination of extremely challenging and extremely rewarding. As reported at the end of the previous year, the church continues to grow slowly but steadily, and the church that is emerging in the post-covid landscape is much more diverse and has much more interaction and impact on our local community. This emphasis is in line with our vision. 

## **The high points:** 

- New leaders stepping up to lead in the church, hosting meetings, ministering, adding new connect groups and other connection points. 

- Our youth ministry continues to thrive both in numbers and impact with young people contributing fully and valuably in many aspects of the church. 

- Sisterhood sanctuary, despite being officially a KingsGate ministry, was in reality fully sustained by Voices of Hope. This year we have taken on responsibility for it and Charlotte Mitchell-Innes recruited to oversee it on KingsGates behalf. It is thriving and impacting many women's lives. 

- Student Pantry - in the autumn term we launched KingsGate Student pantry in partnership with Kingston Uni. As a student focused social supermarket, students pay £5 for up to £25 worth of groceries, choosing the products they want. The products are a combination of surplus, donations, and purchases. We expected to have 20 students per week, we are currently running at 80-100 per week. We have a great team of volunteers from the church & the uni (staff & students) and the students are deeply appreciative. The social space provides opportunities for many conversations. 

- Schools work - Grant funding was made available by the council to launch a project into local schools making young people aware of habits and behaviours that place one at greater risk of engaging in violence against women and girls and seeking to inspire them to lead change in their generation. The course has produced great results and the only limitation on further expansion is finding the right people to deliver it. 

## **The low points:** 

- Cost increases - in common with everyone else, we have seen mortgage, utility and supply expenses increase dramatically over the last year. 

- Financial strain - our giving receipts ran significantly under budget last year meaning we had a shortfall almost every month. This has had a serious impact on our reserves, which have been reduced significantly. 

The trustees wish to put on record and recognise the hard & faithful work of our staff especially Sean Dooley, facilities manager, who has put a lot of process in place to maintain the standards and health & safety of our building, Jacqueline Aslet, our executive administrator, in moving our bookkeeping to a new offshore supplier, providing a better service at a much reduced rate & Karen Reekie, our safeguarding officer, who has managed a number of complex and serious disclosures that have been made and escalated due to our work with victims of abuse. 

Also Chet Henderson & Martin Reeve, who had been elders and trustees for a long time. Having led in the church and as trustees, while working in market place jobs, both felt they had contributed all they could and we have released them from the obligations with our heartfelt thanks. 

Having taken over leadership of KingsGate Cobham towards the end of 2022, Sean & Nola Dooley have now had a full year in charge. They are changing the Cobham community to be gathered around dinner tables and focused on discipleship. This process takes time but they believe it is the correct direction for long term growth. 

4 



LONDON CHUkeH INTERNATE014AL
REPORT OF THÉTAVSTEES
FQR THE YEAR 30 NOVEMBER 1013
As we loo1¢ to ZQ24, the tiU*ee$ are e￿Ore of the challenges arv pbn5 place trj addrtS5 them. Our
ynoriyage are uosuknin6Me for Ihe cur7pDk SI￿ of the ¢hur£h. We are 'iookinP to remDrtgage* exretsdiMQ the
repaymeNt Per￿d, lo rftduce ourrnoftihEy yayments. Dur staff d*Erve pgy Tises, at to keep wllh inflabQn. Ag¥in.
remwtg4ging wlll cre6te 5gme freedom to do this. We continue tty trust In GDd's'provI$Dn an¢ to look to him Olone for
.what need to conbnue to gJth¢r.Hi$ oeovlè and i￿7pArt our cfjmfftunlfy Iv thE way we believe he wan15 US tD.
Fin?nclal Review
tmjrlng the fin8ncial year the ch8r￿Y had n* an￿mIng res¢ur¢e$ of £.24.382 12Q22 - Q4,3751 as shown In the Statement
41 Fin?nciJl Activitlv on paoe x of the acc¢iJnts.
One of th¢ main rw0Tr5 for thiswas the drop in t￿he5 and Dfferings to E388,441 12022 E430,3601.
Howcver, QUF ca4Y flow improved where ourcash aid cosh e4￿1valent Increas2d by £6,726 on the prevlous yRar.
ltr is the wllcy af the ch3tity Ihat ￿hre5t[ICted hjrtds thould be kept al a level no less Lhaft £60,OQO.'Our ro$￿eS haLI
érDPPtd bèlow 2D2R and thè tru51ees asked that EJSOO a Inonth was put Into ￿seNe# aL the start ol the year tu
re5EOP them ro the Polky, ￿OweVer, thÈ pioved to be Impos￿bie aiid only tVVty $1gnincaht Illjivloual gills durfilg the year
enabled us to Iinisn the year with reseNés belngaporok. the same as at the start of the perlod IE5QOQOI.
The"trv5tee5 COn￿der ￿ prudent tg continue tfj work to incwse re$erve$ bad< to the poli¢v level lo en£ure that. In the
ventof a siorrificant drop lft ftsndlntr, they vjiu be able to co¥er any financhil com[Rit￿Ents tor ot least 2 mopth5.
TheTru5tees havE asse￿ert the rnalor r15ks to which the charity Ig e%pogÈd, ond are satistEed that s¥streiDs a￿ In plate to
mitigate exposurp to thE majur risks.
A meetlng Is held quarterly wh8re all issues are discussed IDCILfaing any changes to the risk proiilo of tho chèrtt¥.
At those meetings rhe Ioiiowiffj are èmon9 the Issues th3r ar8 monitor￿..
-Financ*. This Includes an asses5ment.ol cash nows lii#ori¢al and prèdittyfj.
-AdoquaLy of Ir￿Uranc@. A wview of insw?n¢e isdtrne on aD bnDual ba515.
.EmploymÈntlHèlth and safety.
-CoM￿￿￿¢￿￿th i&gèl r@quir@monts.
TftsSts&É' RtsgPtsn£lblK1110$
The Truste¥, who atp also the ttire¢turs of IA>ntton ChuFch Internat￿Tha1 for the purpDse of company law, are reS￿n￿blE
for pregarfng Lhe Tru51ees' REPOrt ants firpandal statements in ?rK.ordancè with. appithblo law and iJnlLpd Kingdom
Accounting Standards IUDited KingdonGenerally Acwied AtrouDling Prdclirel.
¢mwThy L8v4 ￿QuIreS the Trustee5 to prepare nnan(ial slqlements fw eath financial ye6r y4hich give a true and lair viow
of the 5tatE vf 4ffair5 the Charlly and Df IhE Incomlng resources and •ppliCOtlon of resource5, IncludlDg thE Income alld
eXpe￿￿ture, af. the charflab1e coinpany for thal year.
In weporin9 these fjnantial Statements, the Trtssiaes are rbquired ro..
SUltsb1e accountlng wllcig> and then apply Ihem eonslstenilyi
- Observo the niefHots ano prin¢i>ie5 In the char￿eS SORP-
make J￿dgementS and esbrn3tes that are reasonèble and prudont,. an
prepare th& ffnandal statem*its on th¥ (￿ice￿ ba51s tsnless il i5 Inappropriate to p￿sUMe that the Cffiarity will
conbnue In operabon.
The TnJ>kèes arp responsible ior keeping adequate a[￿U￿tIng racard5 that dlgdoÈ& with peasonable arcuracv at any
Lhe finaNEial position of. Ihe Charily and énable rhem w ty)SUtÈ thèt thè finorKLa1 srawmenr$ comply vllh the cothparti&¢
Aci 2U06. They 3r& algo rosponsibl¢ for SafÈg.LtJr4itbg the a55ets of the Charity and he￿￿ for ta￿￿9 reason8blÈ 5tep5 for
thp prevent￿￿ anddetÈthon of frauo and othEr Irre9ulariOes
Thls ￿pOr1.Y4as approved by the truslee5 Qri..
IL /bi JI02A
and signed on Its bEhalr..
Date '.

## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** 

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30 November 2023 which are set out on pages 7 to 15. 

## **Respective responsibilities of Trustees and examiner** 

As the charity’s Trustees of London Church International (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of London Church International are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner’s statement** 

Since London Church International gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of London Church International as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. 

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. 

Date : 1.7.24 

Signed : 


K Gomes  FCIE MAAT Independent Examiners Ltd Unit 2 The Broadfield Business Centre Delling Lane Bosham PO18 8NF 

6 



## **LONDON CHURCH INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2023** 

|Incorporating income and expenditure account<br>Notes<br>**INCOMING RESOURCES**<br>Donations and Legacies<br>2a<br>Charitable Activities<br>2b<br>Other<br>2c<br>**TOTAL**<br>**RESOURCES EXPENDED**<br>**Expenditure on:**<br>Charitable Activities<br>3a<br>Support Costs<br>3b<br>Other<br>3c<br>**TOTAL**<br>**NET INCOME/(EXPENDITURE) BEFORE**<br>**INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>Transfers between funds<br>13<br>**Other recognised gains/(losses):**<br>Gains on Asset Disposal<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS:**<br>Total Funds Brought Forward<br>Restated<br>**TOTAL FUNDS CARRIED FORWARD**<br>**Income and Endowments from:**|Unrestricted<br>Designated<br>Restricted<br>TOTAL<br>TOTAL<br>Funds<br>Funds<br>Funds<br>**2023**<br>**2022**<br>£<br>£<br>£<br>£<br>£<br>388,441<br>-<br>-<br>388,441<br>430,360<br>73,508<br>-<br>-<br>73,508<br>44,348<br>1,127<br>-<br>-<br>1,127<br>141|
|---|---|
||**463,076**<br>-<br>**-**<br>**463,076**<br>**474,849**|
||50,113<br>-<br>-<br>50,113<br>60,342<br>318,053<br>70,528<br>-<br>388,581<br>390,132<br>-<br>-<br>-<br>-<br>-|
||**368,166**<br>**70,528**<br>**-**<br>**438,694**<br>**450,474**|
|||
||**94,910**<br>**70,528**<br>**-**<br>**-**<br>**24,382**<br>**24,375**|
|||
||**94,910**<br>**70,528**<br>**-**<br>**-**<br>**24,382**<br>**24,375**|
||107,513<br>-<br>107,513<br>-<br>-<br>-<br>-<br>-<br>-<br>620|
||**-12,603**<br>**36,985**<br>**-**<br>**24,382**<br>**24,995**|
|||
||53,561<br>1,066,859<br>-<br>1,120,420<br>1,095,424|
|||
||**40,959**<br>**1,103,844**<br>-<br>**1,144,803**<br>**1,120,420**|



All of the organisation's operations are classed as continuing. 

The notes on pages 8 to 15 form part of these financial statements. 

7 



LONDON CHURCH INfRRNATIONAL
BALANCE SHE
Reglstraiion Number 044481Y8
AS Af 30 NovembEr 2023
Restated
unr@stiict¢d
FuTrdS
Rèslrlrted .3D&NOv.23 30-NOV.22
FUnJS
Total
Total
Funds.
FIX￿ Assets
-1,707,OB8
1,707,468
1,7BO,978
ev￿ent Assels
Debtors
5.206
.5.206
17.341
83.757
101 098
Ca¥h at bank in hatNJ
26.OEI
Total Gu¥rènt
credito￿.. arnounts falllng due
oNe year
28,71*
60,7
115,486
98,549
NEY CURRÉNr AssErs
4Q.959
-L9,797
2,548
TOTALASSETS less current S*bili1￿$
40,959
1.646,332
1.687,290
1,733.Y2?
Creditors.. amounts falliTrg due In
rnore than yea¥
542088
542088
613,107
ASSErs
4D,9¥9
L,103,B44
1,144,803 1.120,420
Fun¢lS
General Funds
Resrficled Funds
DesIonat8d
Total Funds
4D,959
40,559
53,561
I,ID3.844
1.103.U4
1,103.844
1.066,859
144.$03 1.120,420
4D.959
Thècomp3ny's fin3noal stètoingnts ttavé prepared ifiac¢ordan¢e wtth the pr4visions JPkbli¢¥blÈ to companies subieLt
to the small ¢ompanies règlTne.
The cpnsiJer thèt the tamgany Is ent￿ed to eKernptiDn from the r￿qL￿re￿￿e￿t to have an audit bnder tlie
provisio￿ ofseLtion 4r/ of th2 tomp8nie5 AEt.2Q06 1.the Acl'l and rnembers haye not required the company tofjbtain an
audil for the'ytar in otsestign in ¥coDrdaDcE w￿h section 476 of th¢ Art.
Th& TruStEes acknowl&dp thèir tègp0n￿b)l￿Qs for ttsm￿YI￿ with th¢ reouiremÈnts Of the companiès Acr 2Q06 with
rÈspÈct to accOUrt￿ iecord5 1Thd p.r4>afaUvn Olfinanoal stataTnents.
The finandal st&temEnts were 2pproved and aulhortsed-lor Issue by thÈ 7<uS￿e£ on slgned on thelrbehalfi by..
Ap￿￿@d on the...
Slyned ￿ th￿1 by ￿rectOr
l>rlnt Name

## **LONDON CHURCH INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **1. ACCOUNTING POLICIES** 

## **Charity information** 

London Church International is a private company limited by guarantee incorporated in England and Wales. The registered office is Empire Building, 161a Clarence Street, Kingston Upon Thames, Surrey,KT1 1QT. 

## **Basis of preparation:** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102,have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019) Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 

## **Changes to accounting estimates** 

No changes to accounting estimates have occurred in the reporting period 

## _**Material prior period errors**_ 

No material prior year error have been identified in the reporting period. 

## _**Going concern**_ 

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

The particular accounting policies adopted are set out below. 

## **INCOME** 

## _**Charitable funds**_ 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. 

## _**Income & Resources**_ 

Legacy income is recognised when the charity becomes unconditionally entitled to the income and the total amount to be received is certain. 

Grants, where entitlement is conditional on the delivery of a specific performance by the charity, are recognised when the performance has been delivered, otherwise grants are recognised at the point the charity becomes unconditionally entitled to the grant. 

Tithes are donations and offerings granted to the charity, these donations are recognised as and when they are received. Other Donations and forms of voluntary income are recognised as incoming resources when receivable, except in circumstances where they are incapable of financial measurement. 

Gift aid is claimed on a number of occasions throughout the year, this is recognised in the accounts based on when the donation the gift aid is being claimed on is received. 

Income from charitable activities is income received for the Alms and Apostolic funds, given specifically for helping the poor and needy and is recognised as and when it is received. 

Other income is income received for events and conferences and is recognised as incoming resources when receivable. Investment income is interest on funds held on deposit and is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. 

9 



## **LONDON CHURCH INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **Expenditure and liabilities** 

Expenditure is recognised on an accruals basis when incurred. It is reported in the Statement of Financial Activities as follows: 

Direct Charitable Expenditure - these are costs incurred by the charity in the delivery of its activities and services for its beneficiaries. 

Support costs include other running costs and governance costs. These are incurred by the charity and are necessary to aid and support the running of the charity and are included within expenditure on charitable activities. All costs are allocated to charitable activities of the SOFA on a basis designed to reflect the use of the resource. Support Costs relating to a particular fund are allocated directly, others are apportioned on an appropriate basis when applicable. The charity has identified one direct charitable activity. 

## _**Fixed Assets**_ 

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Leasehold land and buildings                                 Over the term of the lease Leasehold improvements                                      2% straight line Air conditioning unit                                              Over 10 years Fixtures and fittings                                              25% straight line 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. 

## _**Impairment of fixed assets**_ 

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. 

## _**Cash and cash equivalents**_ 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities 

## _**Financial instruments**_ 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

10 



## **LONDON CHURCH INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023** 

|**2. ANALYSIS OF INCOME**<br>**a) Donations and Legacies**<br>Gift Aid<br>Tithes and Offerings<br>**b)  Charitable Activities**<br>Venue Hire Income<br>Room Hire Income<br>Events Income<br>Consultation Income<br>**c) Other**<br>Interest<br>**3. ANALYSIS OF EXPENDITURE**<br>**a) Charitable Activities**<br>**Direct Costs**<br>Accomodation,travel & Subsistence<br>Events<br>Giving<br>Ministry Costs<br>Training & Courses<br>Venue Hire<br>Emergency Support<br>Donations and grants|Unrestricted<br>Designated<br>Restricted<br>TOTAL<br>TOTAL<br>Funds<br>Funds<br>Funds<br>**2023**<br>**2022**<br>£<br>£<br>£<br>£<br>£<br>13,697<br>-<br>-<br>13,697<br>578<br>57,482<br>-<br>-<br>57,482<br>68,221<br>317,262<br>-<br>-<br>317,262<br>361,561<br>-<br>-<br>-<br>-<br>-|
|---|---|
||**388,441**<br>**-**<br>**-**<br>**388,441**<br>**430,360**|
||46,258<br>-<br>-<br>46,258<br>30,708<br>-<br>-<br>-<br>-<br>1,050<br>3,677<br>-<br>-<br>3,677<br>4,770<br>23,573<br>-<br>-<br>23,573<br>7,820|
||**73,508**<br>**-**<br>**-**<br>**73,508**<br>**44,348**|
||1,127<br>-<br>-<br>1,127<br>141|
||**1,127**<br>**-**<br>**-**<br>**1,127**<br>**141**|
||Unrestricted<br>Designated<br>Restricted<br>TOTAL<br>TOTAL<br>Funds<br>Funds<br>Funds<br>**2023**<br>**2022**<br>£<br>£<br>£<br>£<br>£<br>6,505<br>-<br>-<br>6,505<br>11,002<br>3,877<br>-<br>-<br>3,877<br>18,482<br>26,294<br>-<br>-<br>26,294<br>23,855<br>8,053<br>-<br>-<br>8,053<br>2,416<br>5,383<br>-<br>-<br>5,383<br>560<br>5,192<br>-<br>-<br>5,192<br>4,028|
||**50,113**<br>-<br>-<br>**50,113**<br>**60,342**|



11 



## **LONDON CHURCH INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023** 

|**b) Support Costs**<br>Advertising & Marketing<br>Audit & Accountancy fees<br>Bank Fees<br>Building Development Expenses<br>Cleaning<br>Depreciation Expense<br>6<br>General Expenses<br>HR Costs<br>Insurance<br>Loan Interest<br>13<br>IT Software and Consumables<br>Light, Power, Heating<br>Memberships<br>Office Admin<br>Postage, Freight & Courier<br>Printing & Stationery<br>Professional Fees<br>Rent<br>Repairs & Maintenance<br>Safeguarding<br>Salaries<br>4<br>Pensions Costs<br>4<br>Employers National Insurance<br>4<br>Staff training<br>Subscriptions<br>Telephone & Internet<br>Travel - Apostolic<br>Water Charges|Unrestricted<br>Designated<br>Restricted<br>TOTAL<br>TOTAL<br>Funds<br>Funds<br>Funds<br>**2023**<br>**2022**<br>£<br>£<br>£<br>£<br>£<br>146<br>-<br>-<br>146<br>3,244<br>15,820<br>-<br>-<br>15,820<br>17,507<br>2,403<br>-<br>-<br>2,403<br>2,792<br>-<br>-<br>-<br>-<br>7,543<br>5,386<br>-<br>-<br>5,386<br>12,747<br>120<br>23,771<br>-<br>23,891<br>24,160<br>2,048<br>-<br>-<br>2,048<br>3,003<br>2,340<br>-<br>-<br>2,340<br>2,054<br>4,884<br>-<br>-<br>4,884<br>3,292<br>-<br>46,757<br>-<br>46,757<br>32,320<br>1,688<br>-<br>-<br>1,688<br>2,695<br>11,216<br>-<br>-<br>11,216<br>10,709<br>300<br>-<br>-<br>300<br>300<br>685<br>-<br>-<br>685<br>521<br>100<br>-<br>-<br>100<br>25<br>172<br>-<br>-<br>172<br>429<br>-<br>-<br>-<br>-<br>960<br>3,212<br>-<br>-<br>3,212<br>4,339<br>12,969<br>-<br>-<br>12,969<br>7,430<br>3,974<br>-<br>-<br>3,974<br>2,967<br>210,158<br>-<br>-<br>210,158<br>216,524<br>11,307<br>-<br>-<br>11,307<br>10,212<br>17,797<br>-<br>-<br>17,797<br>16,186<br>830<br>-<br>-<br>830<br>198<br>-<br>3,677<br>-<br>-<br>3,677<br>115<br>5,307<br>-<br>-<br>5,307<br>5,843<br>1,359<br>-<br>-<br>1,359<br>-<br>157<br>-<br>-<br>157<br>2,412|
|---|---|
||**318,053**<br>**70,528**<br>-<br>**388,581**<br>**390,132**|



## **4. STAFF COSTS AND NUMBERS** 

|Gross Wages and Salaries<br>Employer's National Insurance Costs<br>Pension Contributions<br>Employees who were engaged in each of the following activities:|**2023**<br>**2022**<br>£<br>£<br>210,158<br>216,524<br>17,797<br>16,186<br>11,307<br>10,212|
|---|---|
||239,263<br>242,922|
||2023<br>2022<br>8<br>11|



No employee received remuneration of more that £60,000 during the year. 

12 



## **LONDON CHURCH INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **5. TRUSTEES' RENUMERATION AND EXPENSES** 

During the year the following director were paid a salary for pastoral services, the total benefits paid were: Paul Harper £53,302* 

*P. E. Harper opts into a payroll giving scheme, whereby he donates 10% of his salary to the Charity. 

In order to fully comply with Biblical principles, it is necessary for the Eldership team to be represented on the board of directors. This has been achieved without infringing the requirement for only two full-time members of staff being directors. However, as the team consists of both husband and wife, the wives of full time elders are paid a salary for the work that they do. 

All people who are paid by the charity perform a valuable service to the charity and have a job specification which is available if required. No person receives payment because of his or her position as a Trustee or as a dependent or relative of a Trustee. This has been approved by the Charity Commission. 

## Trustee Expenses 

During the year no Trustees were reimbursed expenses (2022 - Nil). 

|**6. TANGIBLE FIXED ASSETS**<br>Cost<br>01-Dec-22<br>Additions<br>Cost at<br>30-Nov-23<br>Depreciation<br>01-Dec-22<br>Charge<br>Depreciation at<br>30-Nov-23<br>Net Book Value<br>30-Nov-23<br>Net Book Value<br>Restated<br>30-Nov-22|**Leasehold**<br>**Leasehold**<br>**Fixtures**<br>**Total**<br>**Land and**<br>**Improvements & Fittings**<br>**Buildings**<br>£<br>£<br>£<br>£<br>1,008,750<br>1,020,214<br>5,649<br>2,034,613<br>-<br>-<br>-<br>-|
|---|---|
||1,008,750<br>1,020,214<br>5,649<br>2,034,613|
||11000<br>287106<br>5529<br>303635<br>1,000<br>22,771<br>120<br>23,891|
||12,000<br>309,877<br>5,649<br>327,525|
||**996,750**<br>**710,337**<br>**0**<br>**1,707,088**|
||997,750<br>733,108<br>120<br>1,730,978|



The Net book value brought forward figure for 2022 was restated, due to fixture & fittings depreciation charge mispost.Restated figure now accurately shows £120 fund movement from designated to unrestricted. 

|**7.LOANS**<br>Bank Loans<br>Payable within one year<br>Payable after one year<br>Amounts included above which fall due after five years<br>Payable by Instalments|**Restated**<br>**Total**<br>**Total**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>603,244<br>663,999|
|---|---|
||60,756<br>50,892<br>542,488<br>613,107|
||299,464<br>409,539|



The bank loan is charged at an interest rate of the base rate plus 3.05% and is secures on the property 153-162,Clarence Street, Kingston Upon Thames, Surrey. 

13 



## **LONDON CHURCH INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **NOTES TO THE FINANCIAL STATEMENTS (continued)** 

|**8. DEBTORS AND PREPAYMENTS**<br>Tax Recoverable<br>Prepayments<br>Debtors<br>**9. CASH AT BANK AND IN HAND**<br>CAF Grant<br>CAF Main Account<br>Caf Current - Ringfenced<br>Caf Saving Acc<br>Total|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**2023**<br>**2022**<br>£<br>£<br>**£**<br>**£**<br>3,828<br>-<br>3,828<br>3,656<br>736<br>-<br>736<br>1,605<br>642<br>-<br>642<br>12,080|
|---|---|
||**5,206**<br>-<br>**5,206**<br>**17,341**|
||Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**2023**<br>**2022**<br>£<br>£<br>£<br>£<br>-<br>26,011<br>26,011<br>33,542<br>5,684<br>-<br>5,684<br>3,626<br>8,420<br>-<br>8,420<br>1,589<br>50,367<br>-<br>50,367<br>45,000|
||**64,472**<br>26,011<br>**90,483**<br>**83,757**|



## **10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Notes<br>Bank Loan<br>7<br>Trade Creditors<br>Other Creditors<br>Ni/Paye<br>Accruals and Deferred Income<br>Independent Examination<br>Notes<br>Bank Loans<br>7<br>**12. RESTRICTED FUNDS**<br>Current Year<br>Women's Hub Childcare Award<br>Benefact Grant<br>Safer Kingston Partnership Faith Grant<br>Resilience IYAL Grant<br>Prior Year - Restated<br>Women's Hub Childcare Award<br>**11.**<br>**CREDITORS**<br>**AND**<br>**ACCRUALS:**<br>**AMOUN**<br>**DUE IN MORE THAN ONE YEAR**|**Restated**<br>Unrestricted<br>Designated<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>Fund<br>**2023**<br>**2022**<br>£<br>£<br>£<br>**£**<br>**£**<br>-<br>60,756<br>-<br>60,756<br>50,892<br>1,321<br>-<br>-<br>1,321<br>3,455<br>10,340<br>-<br>26,011<br>36,350<br>42,822<br>8,448<br>-<br>-<br>8,448<br>-<br>7,051<br>-<br>-<br>7,051<br>-<br>1,560<br>1,560<br>1,380|
|---|---|
||28,719<br>60,756<br>26,011<br>**115,486**<br>**98,549**|
||**Restated**<br>Unrestricted<br>Designated<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>Fund<br>**2023**<br>**2022**<br>£<br>£<br>£<br>**£**<br>**£**<br>-<br>542,488<br>-<br>542,488<br>613,107<br>**TS**<br>**FALLING**|
||-<br>542,488<br>-<br>**542,488**<br>**613,107**|
||Balance<br>Balance<br>01-Dec-22<br>Income<br>Expenditure<br>Transfers<br>**30-Nov-23**<br>£<br>£<br>£<br>£<br>19,667<br>-<br>12,735<br>49<br>6,982<br>-<br>3,300<br>1,724<br>1,576<br>-<br>5,900<br>3,933<br>1,967<br>-<br>19,998<br>4,512<br>15,486|
||19,667<br>29,198<br>22,904<br>49<br>**26,011**|
||Balance<br>Balance<br>01-Dec-21<br>Income<br>Expenditure<br>Transfers<br>**30-Nov-22**<br>£<br>£<br>£<br>£<br>-<br>28,807<br>9,139<br>19,667|
||-<br>28,807<br>9,139<br>-<br>**19,667**|



Restricted funds for 2022 were restated to correct the separation of designated funds not previously shown. 

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## **LONDON CHURCH INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 NOVEMBER 2023** 

## **13. DESIGNATED  FUNDS** 

The income funds of the charity include the following designated funds which have been set aside out of the unrestricted funds by the Trustees for specific purposes : 

|a)<br>Land and Buildings<br>fund|Balance<br>Resources<br>Transfers<br>Balance<br>Resources<br>Transfers<br>Balance<br>1.12.21<br>expended<br>30.11.22<br>expended<br>30.11.23<br>**Restated**|
|---|---|
||1,039,649<br>56,086<br>-<br>83,296<br>1,066,859<br>70,528<br>-<br>107,513<br>**1,103,844**|



The land and buildings fund represents the net book value of the property and its improvements less the loans in relation to the property. 

## **Restated Note :** 

The Land & building fund figures for 2022 were restated to show the interest and total payments made, restated figures are shown in note 10,11 & 13. 

b) Current Year 

|Project Funds :<br>Building Fund<br>Sisterhood sanctuary fund<br>Sozo<br>Toddler Group -Izettle<br>Women's Hub National Lottery Grant<br>Women's Hub Kingsgate Expenditure<br>Kickstart<br>RBK - The Bridge Project<br>SHCJ Society Fund<br>Scott Wedding Fund<br>KingsGate Pantry<br>Student Pantry Payments<br>Youth Events<br>Prior Year - Restated<br>Apostolic<br>Alms<br>Outreach<br>Adopted courses<br>Christmas box appeal<br>Building fund<br>Sisterhood sanctuary fund<br>Dwell<br>Sozo<br>Jean & vanessa Zimbabwe trip<br>MTE Food Hub<br>Brite Boxes<br>Interest<br>Toddler Group -Izettle<br>Women's Hub National Lottery Grant<br>Women's Hub Kingsgate Expenditure<br>Kickstart<br>RBK - The Bridge Project<br>SHCJ Society Fund|Balance<br>Balance<br>01-Dec-22<br>Income<br>Expenditure<br>Transfers<br>**30-Nov-23**<br>£<br>£<br>£<br>£<br>-<br>8,088<br>-<br>-<br>8,088<br>300<br>-<br>-<br>747<br>49<br>-<br>1,047<br>-<br>70<br>380<br>360<br>-<br>90<br>258<br>905<br>1,154<br>99<br>107<br>360<br>-<br>379<br>-<br>19<br>-<br>238<br>-<br>-<br>345<br>-<br>583<br>-<br>473<br>-<br>72<br>-<br>401<br>1,230<br>-<br>1,230<br>-<br>-<br>8,000<br>-<br>8,000<br>-<br>-<br>-<br>780<br>780<br>-<br>-<br>-<br>560<br>335<br>-<br>225<br>-<br>255<br>4<br>-<br>251<br>-<br>4,945<br>4,039<br>-<br>906|
|---|---|
||9,853<br>15,913<br>17,445<br>50<br>8,420|
||Balance<br>Balance<br>01-Dec-21<br>Income<br>Expenditure<br>Transfers<br>**30-Nov-22**<br>£<br>£<br>£<br>£<br>18<br>-<br>18<br>-<br>299<br>-<br>299<br>-<br>6,218<br>-<br>6,218<br>-<br>101<br>-<br>101<br>-<br>1,846<br>-<br>1,846<br>-<br>2,972<br>-<br>14,471<br>11,499<br>-<br>98<br>-<br>398<br>300<br>-<br>523<br>-<br>523<br>-<br>70<br>330<br>330<br>70<br>1,334<br>-<br>1,334<br>-<br>-<br>1,517<br>-<br>1,517<br>-<br>1,782<br>-<br>1,782<br>-<br>89<br>-<br>89<br>-<br>420<br>498<br>660<br>258<br>-<br>9,327<br>8,967<br>360<br>-<br>-<br>238<br>238<br>-<br>-<br>6,515<br>6,042<br>473<br>-<br>3,750<br>2,520<br>1,230<br>-<br>10,000<br>2,000<br>8,000|
||8,675<br>46,225<br>45,047<br>-<br>9,853|



Designated funds for each project for 2022 were restated to correct the separation of Restricted funds not previously shown 

15