RECISTERED CHARITY NUMBER: 1095759 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR KINGS CHURCH UPMINSTER
KINGS CHURCH UPMINSTER CONTENTS OF THE FINAIYCI.4L STATEME]¥TS for the Year Ellded 31 DECEMBER 2024 Page Report of the Trustees I to 3 Independent Exatlliner's Report Statement of Financial Acttvities Balance Sheet Notes to the Financial Statements 7 to 11 Delailed Statement of Fillancial Activitie5 12
KINGS CHURCH UPMINSTER REPORT OF THE TRLISTEES for the Year Ended 31 DECEMBER 2024 The trustees present their report iiith the tinancial statements of the charity, for the )'ear ended 31 December 2024. The trustccs havc adoptcd thc proi"isions of Accounting and Rcwyrting b!. CharitiC5= Statcmcnt of Rccommcndcd Practicc applicablc to charitics prcparing thcir accounts in accordancc iiith thc Financial RcpK)rting Stsndard applicablc in thc UK and RepubliL ol- Ireland {I.'RS 102) {elTeciii e l Januar% 20 li). OBJECTIVES AND ACTII'ITIES Objective5 Thc objcLtiwcs a5 Outlincd in thc dccd of trust arc as folloHs= -1-0 advance the Chrisiian religion in Lssex and in localilies in Lngland and Illales. To providc a55islancc for Ihc agcd pcr50n5. pcrsons in nccd or sick and rclici"c thc di5trcs5 arising thcrc from. 'I'o adi'ance the education of children and adults. -I'o promote and fulfil such charitable purwses as ihe irusiees think fil. Results I'he irusiees consider that the objeclives undertaken during the N"ear to be salisfaciory, and in line w'ith the charity objeclii'es. Publie Benefit Guidance I'he I ruslees and KCU Leadership "l-eam. in making iheir decisions. haie coniinued io hawe due regard for the Public Benefil Guidance ii,hen exercising an!. poivers or duties to iithich the guidance is relevant. ACHIEVEMENT AND PERFORMANCE Charitable activities Our sunda w'hole-Lhurch sern ices M'ere held in ihe premises oftia) nes School. Upminsier. here we hire W'e continued lo hold Sunday seri'ices for ihe iihole ihurch and i'isiiors. on Sunda! momings. and 'l'hursda!' small group evening meetings, in the premises of Gaynes School. Upminster. iihere ii"e hire a discreet building for our exclusii'e use. This has prO.ided us ivith a comfonable ii'orship area for all ages of the assembled church: a small kitchen space for age-appropriate children's and j'outh rooms. plus indoor oames rooms. These facilities .suii our current needs. and are a source of-blessing tor social ei'ents. ouireach inlo Ihe communits.. and addiiional pra>er gatherings. We have continued to run successfull!,: monthl!. lamil!. indoor games eiTenings for church people and local communits, combincd, and ii'c havc a Th'cll-attcndcd book club. iithich attracts local rcadcrs. Our intcractions thc local arca has'c dcN'clopcd into diffcrcnt forms of outrcach OPPKJrtunitics to mcct thc public, on a rcgular basis, to promotc thc Christian Gospcl of Jcsus Christ. In line with national trends ol- faith. and general uncertainiies in World silualionk Ihe UK ChurLh ii'ithessed a decline in churuh attendance. and we sai%. a decline in our oi*n famili" aiiendance and income. as several families moved away from us. We trust that through prayer and praciical action. Ihis seiback ivill be rei ersed in fulure monihs and vears. We have continued ii'ith our concern for disadi'anlaged people. localli. and more ividespread. 147th continued suptxirt for charities and initiatives such as l. Haiwering Women's Aid {tMO local isDmen and children's refu?es) 2. The Whitechapel Mission (Food. clothin£: toiletries. etc for homeless people) 3. Bamabas .4id (Basic t.dstUftS to ivar-torn. imwyi'crishcd.Ivar-torn. and natural-di5astcr parts of thc Ni"'orld. and thc Persecuted Church) 4. Biblcs Christian rc50urcc5 to Chri5tian5 and churchcs in forcign opprc5siTrc lands 5. Local Foudbanks (basic toilctrics and foodstuffs) 6. Christmas shoetK)xes of gills i ia 'Link to I lope'_ elderli" people and families in four Laslern Luropean counlries. We are heavil), committed to our local 'Churches "l ogeiheff group. in Upminsler. Paul Thompson continues to be emplol'ed: full-iime. b! the Charits,. as the main leader of the church. At the beginning of ihe )'ear. one of our Church members. Mrs Kehinde {Kemil Sodipo. resigned from being our Treasurer, and ive ii'ere successful in appointing Mr And)" l.u. in her place. Pagc I
KINGS CHURCH UPMINSTER REPORT OF THE TRLISTEES for the Year Ended 31 DECEMBER 2024 FINANCIAL REVIEW Financial position In keeping M'ith ivhat il'as reported for 2023: M'e continue to record an oi'erall surplus for 2024, but diminished by a reduction in Members, 14.ith consequent gii'in£. as outlined earlier. The N"asi majoriti. of oifts to the church are made bv standing order. ii'ith a smaller amount ot. cash b). Iwisiiors on a SundaN" morning. The most notable items of expenditure are tor the rental of Ga)'nes School premise5. and for the 5alaTh" of one full-time paid Elder of the church. Other expenditure was for children's and I'ouih resources. the 'Good Neils Paper. deliiwered to homes. and via communi ciwcnts. 2024 saw. an cxtra gift to a onc famili. Ivho iycrc callcd to pionccr missionaTh' iiDrk in Azcrbaijan: and w'"c haiwc suppM)rtcd onc of our young IN"omcn in an intcrnship at a church in East London. training and scTh"ing thc church. Despite the slight decline in income. KCU is Siill in a sthble w)silion. and can meeL all foreseen needs. Policy on Re5erYes Thc TrustLLs arc maintaining thcir dccision of not kccping cxccssii'c rc5cTh"cs. Although wc arca rcIati'c]V small charitv, 'e hawe a stead).. reliable income. coi'enanied b)" Church Members. ii.hich coer s all operalion Losts. We ensure ihal 'e can prowide lor al leasi J months salaTh" and ouistanding bills ai anN" px)int. 'l-he 'l-ruslees rei'ieii this silualion annuallN', rewiew'ing salarv/s. %Yhen deiem)ining future plans. and ihei" ii'ork closeli" i¥ith the KCLI Leadership 'l-eain. .hich is responsible lor spirilual gromih: in its i'arious fornis. FUTURE PLANS Churches of our particular iheological persuasion are part of a local Apos11¢ group for iheir support. encouragemenl, guidance. and accountabilit)., should correction become necessaTh'. We are part of the 'Neirfrontiers' global famil!, of churches, and '][hin il's sub-group 'Catals'st'. The benefii to ihem and us is mutual. We intend to continue '1th this relationship in the future. We are consciousl). encouraging all of our members. men and ii"omen. to gr0r in their personal faith, and to take on more responsibilits. in the tuture. This includes participation in church. trainino at local or national level. through training, contcrcnccs. ongoing programmcs: ctc. Wc intLnd to cuntinuc links thc following othcr proi"idcrs. to dcipclop indii'iduals and groups. to rc50urcL thc futurc churLh it's mission Christian Vision for Men Christianity Lxplored, Course CaLqlyst 'Disciple-making' Course Billv Ciraham Organisation, for the 'CFod loires You, tour 202) We will continue to be active in Upminster throuoh the'churches To£etherf alliance of I l other church congregations in thc toll. Wc Lontinuc to SUPPOrt an). initiatii"c M'hich dra115 togcthcr our OiNT] pcoplc iN"ith othcrs in thc community- such a5 our 01 KCU Book Club, and thc Local 'Prupcr Blokc5' Club (Mcn's ivalking gruupl. Fund Raising All lunds donated lo ihe charil)" haie been b). i"olunthn' confidential conlribulTons made b). Church Members. and isitor5 to our mccting5. Somc mcmbcr5 also gii"c occasionall!" to our carniarkcd Building fund account, should a propert). become ai'ailable to purchase. or renoi.aie in the future. STRUCTURE. GOVERNANCE AND MANAGEMEIYT Governing document King's Church is goi'crncd by 4 Tru5tCC5. in accordancc iiith thc Goi'crning DocumcnL a Dccd of TrusL and constitutcs an incotporatcd charity.. 'l-he organisaiion was fomalli. esthblished b!. Declaraiion of -1 rust . daied 2ith July 2002. tfftd il'as enlered inlo the Central Register ofcharities on )rd l.ebruar% 200J. Pagc 2
KINGS CHURCH UPMINSTER REPORT OF THE TRLISTEES for the Year Ended 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational Leadership The Trustees are guided by the Church Leadership Tedm. and theN delegate the dav.tiTrda)' leadership of the church to this team. Recruitment and appoin¢men¢ of new trustees Our goi'ernance states that the charitN' should operate iiqth a minimum of Trustees: hO.ever: we hawe tried to maintain a group of 4: as this enables us to iiork ii.ithin the CJOi"ernance requirement. should one decide to resign. If a nem, Trustee is rcquircd. thc currcnt Tru5tccs iiill discus5. an!. candidatC5 Ivho might bc5t-5Uit thc rolc that is currcntl).- nccdcd. Thc Leadership Team ivould also be consulted re the candidate's suitabiliti". and ii'ho the Chairnian should approach. The ncw appointcc w.ill bc oft-crcd a training programinc at thc carlicst opportuni. Risk managetnent "l-he -I'ruslees hai'e a dul! lo idenlif!. an)" risk to ii.hiLh the Charil! and an). users could be exposed lo. and ensure appropriatc control mcasurc5 arc in placc to rca50nabl!" mitigatc that risk of fraud. crror. or owcrsight. All rcquircd I lealih & Safeti. and other policies are required to be rei ieived annualli". No Inciden look place in 2024. General Data Proteetion Regulations We compl). wilh the current UK-GDPR and Dala Proieclion Aci 2018. and i%"ill monilor any changes ivhich ivill alTect us in the future. REFERENCE AND ADIWIIiNISTRATIN'E DETAILS Registered Charity number 10957i9 Principal address I I I Cran$n Park Ai'enue Upminster RM14 3XJ Trustees Mr Stuart Sulcliffe Chaimian Mr Paul Thompson Mr James Paul Campbell DwTr' Mr Trevor Leaman Church Leadership Team Lead Elder Mr Paul Thompson Mr Malcolm SulliN'an Mr Leigh Williams Mr Trcvor Lcaman Mr Samucl Forson Ircsigncd Dcccmkr 2020) (rcsigncd Octobcr 2021) Treasurer Kchindc Oridami 2411012025 Approwed bN' orderolthe tM)ard oftrusiees on .. .... .............. . .. . . . .. . . .... and signed on its behalf by: Mr Paul Thompson - Trustee Pagc 3
INDEPENDENT E.L¥lINER's REPORT TO THE TRUSTEES OF liINGS CHURCH UPMINSTER Independent examiner's report to the trustees of Kings Chureh Upminster I report to the charity" Inistees on m!, examination of the accounts of Kings Church Upminster (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As thc Lhariti. trustccs of thc Trust l.ou arc rcsponsiblc for thc prcparation of thc accounts in accordancc ..ith thc rcquircmcnts ot thc Charitics Act 2011 I'thc Act,). I rctx)rt in rcspcct of m!. cNamination of thc Trust's accounts carricd out undcr Scction 14) of thc Act and in carry'ing out my examination I haN'e lollowed all applicable Direciions gien b), Ihe Charil! Commission under Section 145(i){b) of Ihe Aut. Independent examiller's Statement I have compleied MN, e.xaminaiion. I confirm that no maierial Matr5 haie come to m! atlention in connection wilh the examination gii'ing me cause to beliei.e that in ani. maierial re5peci'. acLoiiniing records 'ere not kepl in respect ofihe Trusi as required b) Section 130 ofihe Act. or Ihe accounts do not accord iN'iih those records. or the accounts do not complv ii.iih the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Reoulations 2008 other than anTr requirement that the accounts gil'e a true and tair view IN'hich is noi a matter considered as part ot an independent eyamination. I haTr'e no concerns and have come across no other matters in connection ivith the examination to iil]ich attention should bc drai in this rcwrt in ordcr to cnablc a propcr undcrstanding of thc accounts to bc rcachcd. Maurice Brindle). Bsc FCA 2411012025 Date.. Pagc 4
KINGS CHURCH UPMINSTER STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2024 31.12.24 Totsl funds 31.12.23 Total nds Unrestricted funds Restricted funds Notes INCOME AND ENDOII'TrIENTS FROM Donations and ILgacics 47.70) 47.705 75,265 Invesiment income 726 726 Total 47.70) 726 75,927 EXPENDITURE ON Charitable activitie5 Church operating actiwiiies 49.023 iI.409 NET INCOMEI(EXPENDITURE) (I:Jl8) 726 li92) 24,518 RECONCILIATION OF FUNDS Total tunds brought forward 71.065 75.603 146.668 122.150 TOTAL FUNDS CARRIED FORM'ARD 69.747 146.076 146.668 Thc notc5 form part of thc5c financial statcmcnts Page 5
KINGS CHURCH UPMINSTER BALANCE SHEET 31 DECEIWIBER 2024 31.12.24 Totsl funds 31.12.23 Total nds Unrestricted funds Restricted funds Notes CURRENT ASSETS Dcbtors Cash at bank 9.340 67.159 9,340 143.488 7,726 144.381 76.329 76.499 76.329 152.828 152.107 CREDITORS Amounts L-alling due M ithin one vear (6.752) (6,752} (5,439) iYET CURRENT ASSETS 69.747 146.076 146.668 TOT.4L.4SSETS LESS CURREIYT LIABILITIES 69.747 76.329 146.076 146.668 NET ASSETS 69.747 76.329 146.076 146.668 FUNDS Unreslricled funds Restriuted funds 69.747 76.329 71.065 75.603 TOTAL FUNDS 146.076 146.668 "l-he financial slaiements Nvere approved bi" Ihe Board of Truslees and auihorised for issue 24JIDI2025......................... and ere signed on ils behalf b),: on Mr Trcvor Lcaman- Tru5tcc 25 Ib."i9."46 Gf4lT+ll Mr Paul 'l"hompson - "I'rustee Thc notc5 form part of thc5c financial statcmcnts Page 6
KINGS CHURCH UPMINSTER NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial Ststements and assessment of going concern The tinancial statements ot the charitv. iiJich is a public benefit entitw under FRS 102. haN'e been prepared in accordance ii'ith the Charities SORP IFRS 102) 'Accounting and Reporting b!. Charities.. Statement ot Recommended Practice applicable to charities preparing their accounts in accordance ii'ith the Financial Reporting Standard applicable in the UK and Republic ot Ireland (FRS 10?) {eftectii'e l January.. 2019),, Financial Rcporting Standard 102 'Thc FinanLial Rcwrting Standard applicablc in thc UK and Rcpublic of Ircland, and thc Charitics Act 2011. Thc financial statcmcnt5 hai."c bccn prcparcd undcr thc historical cost coni'ention. "I'he truses consider that ihere are no maierial uncertainiies aboul the charily's abilll io continue as a going concern. The financial staiements are presented in sierling {£). Financial reporting standard 102 - reduced disclosure exemptions The charit! has tak.en advantage of the folloil'ing disclosure exempiion in preparing these financial statements. as permitted b}. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Floii'.s. Critical accounting judgements and key sourees of estimation uncertainty No sionificant judgements hai'e been made durino the course ot preparin? these tinancial statements. There are no sources of estimation uncertainty.. Incoming resources All incoming resources are included on the Statement of Financial ActiN'ities M"hen the Charl is legally entitled to thc incomc and thc amount can bc quantiticd Iiqth rc&50nablc accurnc)". Resources expended Expenditure is accounied for on an accruals basis and has been classified under headings that aggregate all the cost rclatcd to thc catCgo-. Whcrc costs cannot bc dircctl!. attributcd to particular hcadings thc). havc bccn allocatcd to actii'itics on a basis consi5tcnt iiith thc usc of rcsourcc5. Taxation Thc Lharity. 15 cxcmpt from tax on its charitablc aclii-itics. Debtors Tradc and othcr dcbtors arc rccogni5cd at thc 5cttlcmcnt amount. PrcpaNmcnts arc valucd at thc amount prcpaid. Cash at ballk and ill hand Cash at bank and in hand includcs currcnt bank accounts and dcp051t bank accounts iiqth no ]thdraWal limitations. Creditors Creditors are recognised 'here ihe charili" has a present obligation resuliing from a pasl ei.enl thal i4ill resuli in Ihe transfer ol- lunds io a third part!" and the amount due to seiile ihe obligalion can be measured or eslimaled reliably. Creditors are recognised at their seiilemeni amounl. Fund aecounting Unreslricied funds can be used in accordance M"iih the charithble objeeliwes al the diserelion of the Iruslees. Resiriuted funds can onl) be used for particular restricted purpx)ses ii'ithin the objecls of the Resirictions arise ivhen specified bi ihe donor or iihen funds are raised for particular restricted purtK)ses. charily. Further explanation ot the nature and purpY)se ot each tund is included in the notes to the financial statements. Pagc 7 continucd...
KINGS CHURCH UPMINSTER NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 ACCOUNTING POLICIES- continued Financial instruments The charih. onl!, has financial assets and financial liabiliiies of a kind that qualifv as basic financial instruments. Basic financial instrumenLs are initiall!- settled at transaciion i.alue and subsequentl!. me&sured at their settlement value with the exception ot bank loans ii.hich are subsequentl!" measured at amortised cost using the eftectii'e interest method. INVESTMENT INCONIE 31.12.24 31.12.23 Dctx)51t account intcrcst 726 662 TRUSTEES, REMUNEIL4TION .4ND BENEFITS 31.12.24 31.12.23 "I rusiees, salaries 22.097 The charity, consider ils ke). management personnel to comprise the trustees and church leadership team. Total trustee and key managemeni rK)nnel remuneration and nefits are listed aboi'e. Trustees, expenses Truslees receii'e reimbursemeni for amounts paid for goods and sern'ice& purchased on behalf of the church. The trustees do not receis'ed an). personal benefii Irom these pa%"ments other than theN' iiould in the normal course of emploj'ment or as a member of the church. STAFF COSTS 31.12.24 31.12.23 Wagc5 and salarics 23.491 22.097 23,491 22.097 'l-he ai'erage monihl). number of emplo)"ees during ihe Near as follows.. 31.12.24 31.12.23 All employees No emploj'ees received emoluments in excess of £60:000. Pagc S continucd...
KINGS CHURCH UPMINSTER NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES lJnrestricted fi]nds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7i.18i 80 75.265 Invcstmcnt incomc 662 662 Total 75.847 80 75.927 EXPENDITURE ON Charitable activities Church opcrating activitics 51.409 iI.409 NET INCOME Transfers between funds 24,438 1662) 80 662 24,518 Ne¢ movement in funds 23.776 742 24,)18 RECONCILIATION OF FUNDS Total funds brought toThvard 47,289 74.861 122.150 TOTAL FUNDS CARRIED FORWARD 71.065 75.603 146.668 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Othcr dcbtor5 9.340 7,726 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YE.4R 31.12.24 31.12.23 Oiher creditors 6.7)2 5.439 MOVEMEINT IN FUNDS Nel moi'ement in funds At 31.12.24 Ai 1.1.24 Unres¢rieted funds General fund Designated Building fund 62.515 8.550 (I,J18) 61,197 8,550 71.065 (1,)18) 69,747 Restricted funds Building fund 726 TOTAL FUNDS 146.668 (592) 146.076 Pagc 9 continucd...
KINGS CHURCH UPMINSTER NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 MovEIENT IN FUNDS- continued Net movement in funds, included in the aboie are as follows= Incoming rcsourccs Rcsourcc5 cipcndcd MoiTcmcnt in fund5 Unrestricted funds Gcncral t-und 47,705 {49,023) (1,318) Restricted funds Building fund 726 726 TOT.4L FUNDS 48.431 (49.02J) (592) Comparatives for movemenl in funds Nel moi'ement in funds l-ransfers beii4.een funds Al 31.12.23 At l.1.2) Unreslrieted funds General fund Designated Building fund 38.739 8.550 24.438 (662) 62.515 8,550 47.289 24.438 (662) 71.065 Restricted funds Building fund 74.861 80 662 75,603 TOTAL FUNDS 122.150 24.518 146.668 ComparatiTr'e net moi'ement in funds, included in the aboi'e are as follo"s: Incoming rc50urccs Resource5 cxpcndcd Moillement in funds Unrestricted funds Gcncral fund 75.847 {51:409) 24,438 Restricted fund5 Building fund 80 80 TOTAL FUNDS 75.927 {51.409) 24.)18 Pagc 10 continucd...
KINGS CHURCH UPMINSTER NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 MovEIENT IN FUNDS- continued A current year 12 months and prior vear 12 months combined wsition is as follo5.. Nct moi'cmcnt in funds Transfcrs bctii'ccn funds At 31.12.24 At 1.1.23 Unrestricted funds (ieneral lund Dc5ignatcd Building fund 38.739 8.)50 23.120 (662) 61,197 8.iio 47.289 (662) 69,747 Restricted funds Building fund 74.861 806 662 TOTAL FUNDS 122.150 146,076 A current >'ear 12 months and prior >'ear 12 months combined nei moi'ement in funds, included in the above are as folloii's: Incoming resource5 Resources elpended MoiTement in funds Unrestrieted funds CJeneral fund 123.552 (100.432) 23,120 Restricted funds Building tund 806 806 TOTAL FUNDS 124.358 (100.432) 23.926 Dcsi natcd Buildin fund "l-his represenis monies ring-fenLed b. the trUSe5 ioiiards fulure building projects. Buildin fund "I'his represenis gifts given iowards lulure building projects. RELATED PARTY DISCLOSURES "I'here were no related parti. iransactions for ihe i.ear ended ) l December 2024. Pagcll
KINGS CHURCH UPMINSTER DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations CJift aid 38.468 9,237 64.400 10.865 47,705 7),265 Investment incotne Dctx)Sit aLLount intcrcst 726 662 Total incomillg re50urce5 75.927 EXPENDITURE Charitable activitie5 Staff costs Rcnt Insurancc Postage and stalionerv Relational Mission Discreiionary, gifts Children & youth N%'ork F.vangelism Refreshments Licences Conferences and training Church resources 23.491 11.400 336 22.097 11.400 317 937 7,)85 890 .520 ,)07 1.040 648 1,301 625 4.690 2.250 1.484 422 718 678 228 284 47.064 49.867 Support costs Governance costs Accountanc). and Icgal fccs 1.959 1.542 Total rcsourccs cxpcndcd 49.023 51.409 Net (expenditure)lincome li92) 24,518 This pagc docs not forni part of thc statutory. financial statcmcnts Pagc 12