**REGISTERED CHARITY NUMBER: 1095759**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **FOR**
## **KINGS CHURCH UPMINSTER**
**KINGS CHURCH UPMINSTER**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||
**KINGS CHURCH UPMINSTER**
## **REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions 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 (FRS 102) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives**
The objectives as outlined in the deed of trust are as follows:
- To advance the Christian religion in Essex and in localities in England and Wales.
- To provide assistance for the aged persons, persons in need or sick and relieve the distress arising there from.
- To advance the education of children and adults.
- To promote and fulfil such charitable purposes as the trustees think fit.
## **Results**
The trustees consider that the objectives undertaken during the year to be satisfactory and in line with the charity objectives.
## **Public Benefit Guidance**
The trustees and the church leadership team in making their decisions have had due regard to the public benefit guidance when exercising any powers or duties to which the guidance is relevant.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Our Sunday whole-church services were held in the premises of Gaynes School, Upminster, where we hire a discreet building for our sole use. This enables us to provide a comfortable worship area for the gathered church, small kitchen space, 6 classrooms for our children's age-appropriate teaching groups and indoor games.The facilities fit our current needs, including social gatherings and offer potential for future expansion and for welcoming visitors.
We have extended our mid-week teaching and social programme to monthly all-age games evenings where we are attracting an equal number of invited visitors as our own people in attendance.
During the year, our children and youth had their own meetings for practical Bible teaching, games and craft activities in a safe and pleasant environment. Our Youth also meet on Friday evenings regularly and have been successful in attracting others from the locality. They have also taken part in a local Christian Easter Camp and a national event in Norwich.
Adult groups meet regularly on a weekday evening in different people's homes for worship, bible study, prayer, and once a month, a joint Prayer and Praise evening. All visitors are welcomed at our gatherings, and we have seen a significant rise in visitor numbers to outreach events.
We have maintained our 'outward-face' with supporting particular charities and initiatives :
1. Havering Women's Aid (two local women's & children's refuges)
2. The Whitechapel Mission (Food, clothing & toiletries for homeless people)
3. Barnabas Aid (Basic foodstuffs to war-torn and natural disaster areas worldwide)
4. Bibles and Christian resources to persecutred Christian believers.
5. Local foodbanks (Basic foodstuffs, toiletries, etc)
6. Christmas shoeboxes of presents to 'Link to Hope' charity - to 4 Eastern European Countries
Paul Thompson continues to be employed full-time by the charity, as the main Leader of the church.
## **FINANCIAL REVIEW**
## **Financial position**
Similar to what was reported in 2022, we record a net surplus for 2023 owing to the faithful donations, as income, received from our church members. Notable expenses included Rent to Gaynes School, employment of one paid Elder, Children's and Youth work, donations to missions and evangelistic activities including distribution of the 'Good News' paper to homes in the area, locally. There were occasional donations towards a Building Fund, to facilitate the purchase or refurbishment of a permanent building, should one become available. There is no significant change to the overall position of income and expenditure, and we don't anticipate any financial problems in the foreseeable future.
Page 1
**KINGS CHURCH UPMINSTER**
**REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023**
## **FINANCIAL REVIEW**
## **Policy on Reserves**
The Trustees are maintaining the policy of not keeping reserves. Although we are a relatively small charity, we do have a steady reliable income from the church members which cover all current operating costs. We monitor our income and expenditure on a regular basis to ensure we can cover 3 months salary and outstanding bills. The Trustee review this decision annually, when determining future plans and they work closely with the KCU leadership team which is responsible for Spiritual church leadership in its various forms.
## **FUTURE PLANS**
It is good practise that churches of our Biblical persuasion are part of a local Apostolic group, for their encouragement, support, guidance and accountability, should correction become necessary. We are part of the Newfrontiers global family of churches, with its sub group 'Catalyst'. The benefits to us and them is mutual and they are providing encouragement to grow the church further, where the UK position of faith is in a declining position, especially in historic churches.
Our relationship with Gaynes School has benefited both them and ourselves and we will continue using this venue for the majority of our activities for the foreseeable future.
We are consciously working to include more women in leadership and public roles, and we are encouraging our emerging youth to bring their unique valuable contributions, which will bless our current community and provide continuity and passion for the future.
We will continue our links with the following affiliates to develop individual and resource the church and its mission:
1) Christian Vision for Men
- 2) Christianity Explored Course
- 3) Disciple-making Course
We will continue to donate money and/or practical resources to alleviate social issues, poverty, drought, medical aid etc to our locality and across the world, for example:
- Havering Women Aid (2 women's refuges)
- Link to Hope Christmas shoebox appeal (4 Eastern European Countries)
- Barnabas Aid (dried foodstuff)
- Havering Foodbanks
- Whitechapel Mission (London Homeless Project)
We will continue to be active in Upminster through 'Churches Together', outreach events, members of local committees and groups.
We will work towards numerical growth in our membership though training, outreach, personal witness, so that we have a church of disciples of Jesus Christ.
We will work with KCU leadership team regarding a transition retirement of the main church leader to a new personal/team in the future.
## **Fund Raising**
All funds for the running of the charity have been received by way of voluntary, confidential contributions made by the members and visitors to our activities.Some members are also giving occasionally to an earmarked Building Fund account, should a suitable property become available to purchase or renovate in the future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Kings Church Upminster is governed by the Trustees in accordance with the governing document, a deed of trust, and constitutes an unincorporated charity.
The organisation was formally established by Declaration of Trust dated 25 July 2002 and was entered in the Central Register of Charities on 3 February 2003.
Page 2
**KINGS CHURCH UPMINSTER**
**REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational Leadership**
The Trustees are guided by the Church Leadership Team and delegate the day to day leadership of the church to this team.
## **Recruitment and appointment of new trustees**
Our governing document states that the charity should operate with a minimum of three trustees. However we try to maintain a group of four, as this enables us to still operate within the governing document, should one decide to resign. If a new appointment is required, the current Trustees will discus with the meeting which candidates they believe would best suit the role that is currently needed. The Leadership Team is also consulted as to the suitability of candidates, who the Chairman should approach. Candidate/New appointees will be offered a training program at the earliest opportunely.
## **Risk management**
The trustees have duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. No serious incidents took place in 2023.
## **General Data Protection Regulations**
We comply with the current UK-GDPR and Data Protection Act 2018 and will monitor any changes that may affect us in the future.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1095759
## **Principal address**
111 Cranston Park Avenue Upminster Essex RM14 3XJ
## **Trustees**
Mr Stuart Sutcliffe Chairman Mr Paul Thompson Mr James Paul Campbell Drury Mr Trevor Leaman
## **Church Leadership Team**
Lead Mr Paul Thompson Elder Mr Malcolm Sullivan Mr Leigh Williams Mr Trevor Leaman (resigned December 2020) Mr Samuel Forson (resigned October 2021)
## **Treasurer**
Kehinde Oridami
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr Paul Thompson - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGS CHURCH UPMINSTER**
## **Independent examiner's report to the trustees of Kings Church Upminster**
I report to the charity trustees on my examination of the accounts of Kings Church Upminster (the Trust) for the year ended 31 December 2023.
## **Responsibilities and basis 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 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) 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 giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) 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.
Maurice Brindley BSc FCA
Date: .............................................
Page 4
## **KINGS CHURCH UPMINSTER**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
75,185
Investment income
2
662
**Total**
75,847
**EXPENDITURE ON**
**Charitable activities**
Church operating activities
51,409
**NET INCOME**
24,438
**Transfers between funds**
8
(662)
**Net movement in funds**
23,776
**RECONCILIATION OF FUNDS**
Total funds brought forward
47,289
**TOTAL FUNDS CARRIED FORWARD**
71,065|Restricted
funds
£
80
-
80
-
80
662
742
74,861
75,603|31.12.23
31.12.22
Total
Total
funds
funds
£
£
75,265
55,749
662
113
75,927
55,862
51,409
49,467
24,518
6,395
-
-
24,518
6,395
122,150
115,755
146,668
122,150|
|---|---|---|
The notes form part of these financial statements
Page 5
## **KINGS CHURCH UPMINSTER**
## **BALANCE SHEET 31 DECEMBER 2023**
||||||31.12.23|31.12.22|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
||Notes|£|£||£|£|
|**CURRENT ASSETS**|||||||
|Debtors|6|7,726||-|7,726|7,776|
|Cash at bank||68,778|75,603||144,381|121,988|
|**CREDITORS**||76,504|75,603||152,107|129,764|
|Amounts falling due within one year|7|(5,439)||-|(5,439)|(7,614)|
|**NET CURRENT ASSETS**||71,065|75,603||146,668|122,150|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||71,065|75,603||146,668|122,150|
|**NET ASSETS**||71,065|75,603||146,668|122,150|
|**FUNDS**|8||||||
|Unrestricted funds|||||71,065|47,289|
|Restricted funds|||||75,603|74,861|
|**TOTAL FUNDS**|||||146,668|122,150|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 10/02/2024
............................................. Mr Trevor Leaman - Trustee
............................................. Mr Paul Thompson - Trustee
The notes form part of these financial statements
Page 6
**KINGS CHURCH UPMINSTER**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements and assessment of going concern**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
## **Critical accounting judgements and key sources of estimation uncertainty**
No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all the 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.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Debtors**
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and in hand includes current bank accounts and deposit bank accounts with no withdrawal limitations.
## **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will 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 recognised at their settlement amount.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
**KINGS CHURCH UPMINSTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.12.23|31.12.22|
||£|£|
|Deposit account interest|662|113|
|**TRUSTEES' REMUNERATION AND BENEFITS**|||
|Trustees' salaries|31.12.23
£
22,097|31.12.22
£
20,592|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
The charity consider its key management personnel to comprise the trustees and church leadership team. Total trustee and key management personnel remuneration and benefits are listed above.
## **Trustees' expenses**
Trustees receive reimbursement for amounts paid for goods and services, purchased on behalf of the church. The trustees do not received any personal benefit from these payments other than they would in the normal course of employment or as a member of the church.
## **4. STAFF COSTS**
|Wages and salaries|31.12.23
31.12.22
£
£
22,097
20,592|
|---|---|
||22,097
20,592|
|The average monthly number of employees during the year was as follows:||
|All employees|31.12.23
31.12.22
1
1|
No employees received emoluments in excess of £60,000.
continued...
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**KINGS CHURCH UPMINSTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023**
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
55,339
Investment income
113
**Total**
55,452
**EXPENDITURE ON**
**Charitable activities**
Church operating activities
49,467
**NET INCOME**
5,985
**Transfers between funds**
(113)
**Net movement in funds**
5,872
**RECONCILIATION OF FUNDS**
Total funds brought forward
41,417
**TOTAL FUNDS CARRIED FORWARD**
47,289
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.23
in funds
£
£
**Unrestricted funds**
General fund
38,739
24,438
Designated Building fund
8,550
-
47,289
24,438
**Restricted funds**
Building fund
74,861
80
**TOTAL FUNDS**
122,150
24,518|Restricted
funds
£
410
-
410
-
410
113
523
74,338
74,861
31.12.23
£
7,726
31.12.23
£
5,439
Transfers
between
funds
£
(662)
-
(662)
662
-|Total
funds
£
55,749
113
55,862
49,467
6,395
-
6,395
115,755
122,150
31.12.22
£
7,776
31.12.22
£
7,614
At
31.12.23
£
62,515
8,550
71,065
75,603
146,668|
|---|---|---|
continued...
Page 9
**KINGS CHURCH UPMINSTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|75,847|(51,409)|24,438|
|**Restricted funds**||||
|Building fund|80|-|80|
|**TOTAL FUNDS**|75,927|(51,409)|24,518|
## **Comparatives for movement in funds**
|Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
32,867
5,985
Designated Building fund
8,550
-
41,417
5,985
**Restricted funds**
Building fund
74,338
410
**TOTAL FUNDS**
115,755
6,395
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
55,452
**Restricted funds**
Building fund
410
**TOTAL FUNDS**
55,862|Transfers
between
At
funds
31.12.22
£
£
(113)
38,739
-
8,550
(113)
47,289
113
74,861
-
122,150
Resources
Movement
expended
in funds
£
£
(49,467)
5,985
-
410
(49,467)
6,395|
|---|---|
continued...
Page 10
**KINGS CHURCH UPMINSTER**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Building fund
**Restricted funds**
Building fund
**TOTAL FUNDS**|At 1.1.22
£
32,867
8,550
41,417
74,338
115,755|Net
movement
in funds
£
30,423
-
30,423
490
30,913|Transfers
between
funds
£
(775)
-
(775)
775
-|At
31.12.23
£
62,515
8,550
71,065
75,603
146,668|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£|
|---|---|
|General fund|131,299
(100,876)
30,423|
|**Restricted funds**||
|Building fund|490
-
490|
|**TOTAL FUNDS**|131,789
(100,876)
30,913|
## Designated Building fund
This represents monies ring-fenced by the trustees towards future building projects.
## Building fund
This represents gifts given towards future building projects.
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 11
**KINGS CHURCH UPMINSTER**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023**
**----- Start of picture text -----**
||||
|---|---|---|
|31.12.23|31.12.22|
|£|£|
|INCOME AND ENDOWMENTS|
|Donations and legacies|
|Donations|64,400|44,979|
|Gift aid|10,865|10,770|
|75,265|55,749|
|Investment income|
|Deposit account interest|662|113|
|Total incoming resources|75,927|55,862|
|EXPENDITURE|
|Charitable activities|
|Trustees' salaries|22,097|20,592|
|Rent|11,400|11,400|
|Insurance|317|300|
|Postage and stationery|937|911|
|Relational Mission|7,585|6,892|
|Discretionary gifts|890|1,210|
|Children & youth work|1,520|3,341|
|Evangelism|1,507|806|
|Refreshments|1,040|876|
|Licences|648|604|
|Worship|-|124|
|Conferences and training|1,301|564|
|Church resources|625|343|
|49,867|47,963|
|Support costs|
|Governance costs|
|Accountancy and legal fees|1,542|1,504|
|Total resources expended|51,409|49,467|
|Net income|24,518|6,395|
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 12