Charity registralion number 1096694 Company reglslratlon number 045571091England and Walès) KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) CONTENTS Page Trustees, report Independent examinerfs report Stal8m8nt of financial activities Statemènt of financial position Notes lo the financial slalements 9-17
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees are pleased to present their report together with the fin8nci81 statements of the charity for the year ended 31st March 2024. The reference and administrative details includèd below form part ofthis report. LEGAL AND ADMINISTRATIVE INFORMATION Charity Numbor Kingsgate Community Church (Great Yarmouth) is registered in England und8r charity number 1096694. It commènced operations on 1stApril 2003. Company Reglstratlon Number Kingsgate Community Church (Great Yarmouth) is a Company Limited by Guarantee, registered at Companies House und8r number 04557109. The date of first registration is 9th October 2002. On 1 st April 2003, the charity acquirèd the assets and liabilities of 'The Kings Church Gorleston, Iregisler8d ¢harity number 10446071, a charity eslablished by Deed of Trust dated 1995. Each TrusleelDirector of thè Charity is required to contribute an amount not exceeding £10 if the charity is wound R•glsterod Offlcè Addr•$$ The Kings Centre, 30 Queen Ann8's Road. Southtown, Great Yarmouth, NR31 OLE Start of Flnanclal Yèar End of Flnanclal Year 1 sl April 2023 31 st March 2024 Trust••slDlroctors The Iruslees serving during the year were as follows: Adam Bradley IResi9ned on 10th S8PlembeT 2023) Tafadzwa Kativu {Chair of Trustees} Darren Cox Patrick Evans (Reslgned on 10th November 2023) Julia Miller David Killo-sfflilh Joshua Wilkes Daniel Peter Rust Leadershlp Team Adam Bradley (Resigned on 1 Oth September 2023), Darren Cox and Dan Jones Independent Examiner Timothy Buttifanl ACA, Farnell Clarkè Liffliled. Chartered Certified Accountants. Evolution House. l¢&ni Court, Deift Way, Norwich. Norfolk, NR6 6BB Bankers Lloyds TSB.. Hall Quay, Great Yarmouth Barclays Bank Plc.. Barclays Business Centre, 15 Hall Quay. Greal Yamiouth, NR30 1 HL
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Constltutlon The charity is governed by ils Articles and Memorandum ofAssociation dated 17th Seplernber 2002. Organlsatlonal Structure The Leadership Team provides spiritual lèadership and direction, taking pastoral responsibility for the church Members. Various teams are responsible for dSfferenl ministries and activities within the church, all accountable to the Lèadership Team. Additionally, a Deacon team assists the Leadérship Tèam in managing certain ministry areas. The Trustees oversee Ihe govemance of the charity. ensuring financial and administrative responsibilities are met. The charity owns and operates the Kings Centre in Great Yarmouth, a facllity W811-utilised by the local community. Kingsgate Community Church Great Yarmouth, run by the chanty, is part of the Relational Mission family of Churches in Newfrontiers and a member of the EvangeliGal Alliance. Tru$t•è Appolnlmont New Iruslees are appointed by the existing trustees in accordance wilh the Articles. The Articl8s slipu181e a minimum of three trustees, with no maximum number required. OBJECTIVES AND ACTIVITIES Objecls The princip81 object of the charity Is lo advance thè Christian religion by proclaiming and furthering the gospel of Jesus Christ through bible based preaching and teaching, witness, discipleship and compassion. Further objects include relieving pèrsons in conditions of hardship or distress, due to SOC181, medical or economic circumstances. Additionally. the charity provides building facilili8s for use by and for the benefit of both the church and the local community. The Herrlng Brldge The Kings Centre was delighted to be able lo host the opening ceremony for the Herring Bridge on 2nd February 2024, bringing lo an 8nd the disruption caused by being in the middle of a construclion site for almost 3 year5. The new bridge joins the roundabout directly opposlte the Kings Centre building, giving easy access to the Barracks eslalé and the more deprived communities in the south of Great Yarmouth. As a result of thi5 new access point, we have seen a significant increase in fooffall into the centre over 2024, in particular from people who are sleeping rough on the beach, or those in economic need wanting to utilise our weekday Community Life support and sèrvices. We are awaitSng the outcomè of a compensation claim for lost revenue resulting from the bridge constructlon works. A¢tlvltlos In planning and undertaking activities, the trustees have adhered lo the guidance on public beneni issu8d by the Charity Commission. Below is a summary of the main activities undertaken by the church in relation to its objects: Sunday Morning Meetings Weekly Sunday morning meetings are a key activity for our mission as a church. We have seen a gradual increase in atlend8nce post covid in the main meets'ng and in the Youth, Kids and Tots groups. We are grateful for the many volunteers who serve faithfully to help make sure we can run effeclively. We continued streaming OUT Sunday meelin9s online via our YouTube channel, helping people stay connected even if they are unable lo attend in person. Mldweek Groups A variety of midweek groups take place each month, focusing on friendship. Bible study, worship, prayer, personal faith devélopment. and outreach activities. Addilionally, we have Discipleship Partners consisting of 3 to 4 men or women in small accounlabilily groups where individual church members can support each other.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Children and Youth Programmes Sunday morning and some midweek groups for children of all ages involve a wide variety of activities, t8aching, games, and crafts. alongside opportunities lo explore Christian issues. The charity raised funds through a gift day to hire a part-time youth worker who supports the youth team. We were fortunate to have a member of our youth volunteef as part of Intentional Discipleship (IDI. We also renovated part of the building to create a dedicated space for youth. The youth now meet lce a month during Sunday s8rvic8s and participate in other activities outsid8 of Sundays. Communlty Llfe Our community activities all now come under our Community Llfe banner. Community Life is focused on providing a warm, welcoming and safe space during the week, for all members of our church family and the local community lo engage with, including.. Lonely and isolated people including those who are older and p8opl8 with disabilities People struggling on low incomes and cost of living rises (including families) Vulnerable people and those with menlal health issues People who are homeless, vulnerably housèd or living in emergency accommodation We provide the following free services and activitles during the week, mainly through a great team of friendly and dedicated volunteers.. Laundry facilitiès to help people wilhoul easy access lo wash and dry clothes Shower rooms for use by people without regular access to hol water or facilitiès Community coffee morning - for people to find a warm welcome and friendly company Community Lunch - weekly hot, tasty two course mèal, served to approximately 80 people at low cost or fre8 if people are struggling on low incomes Craft Group - daytime mld-wèek craft group for adults of all abilities Free tea and coffee and free food where needèd Lilies providing pre-loved children's clolhing for free to local famili&s in neèd One to one support and mentoring Centre 81- community transport helps people to access our aclivilies where needed Our work with people in the homeless community has s18rted to grow significantly in the first quarter of 2024, especially since the new bridge has opened, giving people sleeping rough in tents on the beach, easy access to our shower and laundry facilities, which are in high demand. Our connections wilh the council's rough sleeper and housing teams and other local support services, dealing with addictlons and mental health has also increased. Other actlvltles organlsed for the church We organised an overnight gathering of th8 church in October 2023 attended by more than 100 membèrs al Sizewell Hall in Suffolk. providing a great lime of fellowshlp, worship, prayer leaching and fun. The Elders, Deacons, Trustees and spouses also had a nighl away in North Norfolk for a time of fellowship, prayer, reflection and leaching. Other Communlty Benofltting Activlties We aim lo make the Kings Centre premises available for community activities organised by Ihe church and others in the community, as well as for hire by exlemal organisations. All activitie5 musl comply with the Church Ethos. The church has continued to organise events to serve the wider community, building relationships and trust with a broad cross-section of the local community. Regular activities arranged by other groups in the communily included.. Headway- based at the centre for their activities 3 days per week. Exercise and Slimming Classes NHS Blood Donors Diabetes support Breastfeeding group Other users include local Schools and Colleges, Borough and County Councils and the local NHS. The majority of the users of the building can be described as 'Public Benefit. users.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grant Fundlng No new grant funding was applied for or received in the 2022-23 financial year, so we started the year with very little grant funding being carried fomard and a reliance on general Ghurch giving to cover Ihe costs of the community benefitting activities we were undertaking. However with a renewed focus for our community activities moving forward, we are very gra18ful to have successful been awarded the following grants to develop our Community Life activities. which have made a really positive diff8ren¢e to the lives of people living in significant need in our community.. Love Norfolk - H8lping us to grow and develop our Community Life activities and opening times to enable us to meet increasin9 needs in our community. Connecting Older People Supporting and connecllng older people through our weekday Community Life activities, including our weekly coffee morning and community lunch. Household Support Fund - Assisting 75 local households In financial neèd with shopping vouchers. Afflllatlons Kingsgale Community Church Gl Yarmouth is affiliated lo the Relational Mission family of churches under the world- wide banner of Newfrontiers. Excellent relationships are maintainèd with other Relational Mission churches and leaders across the UK and beyond, with members altending regional, national and inlernalional évents such as Enough Prayer nights, Leadership conferences and local cluster events. Publlc Ben•llt All of our objectives, aims and activities are designed to benefit the public. We provid8 Public ServiGes, Care. Community and Youth programs, Education and Training as well as making gifts to those in need both locally and In other places. W8 provide onè lo one support and mentoring when requlr8d as w811 as promoting family values and community spirit. As a Christian church we promote spiritual well-being al all times. 11 is our policy that all our seNic8s and programmès are open and accessible to all and that those who are vulnerable should nol be excluded and are nol disadvantaged by our activities in any way. FlnancSal matters Wè finished this financial year with a total funds of £824,899, compared to £844.884 in the previous. Reserves Pollcy It is the policy of the charily to maintain unreslricled funds, which are the free reserves of the charity, at a18vel that equates to approximately 3 months of unrestricted expenditure. Al this lèvel, the Trusteès feèl that they would be able to continue the current activities of the charity in the event of a significant drop in income. Safeguardlng The Trustees are aware of their responsibllities relating to protection and security of Children, young people and Adults al Risk. The charity has in place and operates a Safeguarding Policy covenng both adults and children in order to provide the necessary safeguarding. All those eligible for DBS checks have these renewed every three years if they are working with Children or Adults al Risk. There have been no serious safeguarding incidents to report,
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Staternent of Trustees, responsiblllties In relation to the financial statements Law applicable to charities in England and Wales requir&s the trust8es lo prepare financial statements for each financial year thai give a true and fair view of the Charity's financial activities during the year and of its financial position al the end of the year. In preparing those financial statements, the trustees are required lo: select suitable accounting policies and then apply them consistently make jud9mènts. that are reasonable and prudent stale whether applicable accounting standards and statements of recommended practice hav8 b8en followéd subject lo any departures disclos8d and 8xplained in the financial stalemenls prèpare the financial slalements on the going concern basi5 unlèss il is inappropriate to presume that the charily will continue in business. The Iruslees are responsible for keeping accounting records. which disclose with reasonable accuracy, at any tlme the financial position of the Charity and enable them lo ensure that the financial 51atements comply with the Charities Act 1993. They are also responsible for safeguarding th8 assets of Ihe Charity and hence for taking reasonabte sleps for the prev8nlion and detection of fraud and other irregularities. Rlsk Assessment The Iruslees actively review the major rlsks which the charity faces on a regular basis and believe that malntalnlng Ihe free reserves staled, combined with the annual review of the controls over key financial systems carried out on an annual basis wlll provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business Tisks which they face and confirm that they have established systems to mitigate the significant risks. Approvad by the trustoes and slgn¢d on thelr behalf by: T Katlvu Chalrperson Dec 10, 2024 Date..
KINGSGATE COMMUNITY CHURCH (GREATYARMOUTH) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) report to the trustees on my examinalion of the financial statements of Kingsgate Community Church {Gr8al Yam)outh} (the charity} for the year ended 31 March 2024. Responslbllltios and basls of report As the trustees of the ch8rily (and also its directors for the purposes of Gompany law) you are responsibl& for th8 preparation of the financial statements in accordance with Ihe requirements of tha Companies Ad 2006 (the 2006 Act). Having satisfied myself that the financial slat8mènts of the charity are not required to be audited und8r Part 16 of Ihe 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 {Ihe 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llb) of the 2011 Act. Ind•p•nd•nt examlner's statement Sinc8 the charity's gross income èxceeded £250,000 your examiner must be a m8mb8r of a body listed in section 145 of the 2011 Act. I confirm that l am qualifièd to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believ6 that in any material respect.. accounting records were not k8PI in respect of Ihe charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial slalements do not comply wllh th8 accounting rèqulr8m8nts of section 396 of the 2006 Act other than any requirem8nt that thé accounts give a true and fair vlew which is not a matter conslderèd as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connèction with the examination to which altenllon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. hy Buttifant ACA Famell Clarke Limited Chartered Certified Accountants Evolution House Delft Way Norwich Norfolk NR6 6BB Dated: /,,/Jq
KINGSGATE COMMUNITY CHURCH (GREATYARMOUTH) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Reslrlcted funds funds Total Unrestrlcted Restrlcted Total funds funds as as restated restated 2023 2024 2024 2024 2023 2023 Notes In¢ome and endowments from: Donations. legacies and grants Charilable activities Investments Other Income 199,262 113,177 114 2,110 30,090 229,352 113,177 114 2,110 177,168 92,515 15,869 193,037 92,515 2,183 2,183 Totsl Incomo 314,663 30,090 344,753 271.866 15,869 287,735 Expendlture on: Charitable activitl8S 326,938 37,800 364.738 270.854 38,859 309.713 Total expenditure 326,938 37,800 364.738 270,854 38,859 309.713 Net èxpendlture {12.2751 17.710> (19,9851 1,012 {22,990) {21,9781 Transfers between funds (7181 718 Nel movement In funds 112,9931 (6,992) {19,985) 1,012 122,9901 (21,9781 Recon¢lllatlon of funds: Fund balances al 1 April 2023 823,911 20,973 844.884 822,899 43,963 866,862 Fund balanc&s at 31 March 2024 810,918 13,981 824,899 823,911 20,973 844.884 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the reguiremenls for an income and expenditure accounl under the Companies Act 2006.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) STATEMENT OF FINANCIAL POSITION ASAT 31 MARCH 2024 2024 2023 Notes Flxèd assets Tangible assets 12 745,6 739,740 Current assets Debtors Cash at bank and in hand 13 12,595 83,171 10,799 115.418 95,766 126,217 Credltors: amounts falllng due wlthln one year 14 (9,200) {7,640} Net curront assets 86,566 118,577 Total assot$195s currenl Ilabllltlos 832,132 858,317 Credltors: amounts falllng due aft•r more than one yoar 15 17,2331 {13,4331 N•t 8s$gt• 824,899 844,884 The funds of Ihe charlty Restricted income funds Unrestricted funds 17 16 13,981 810,918 20,973 823,911 824,899 844.884 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for th8 year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the Company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by the trustees on . Dec 10, 2024 T Kativu Chalrperson Company regislration number 04557109 (England and Wales)
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charlty Infomiatlon Kingsgale Community Church {Greal Yarmouth) is a private company limited by guarantee incorporated in England and Wales. The registered office is Kings Centre. 30 Queen Anne's Road. Great Yarmoulh, NR31 OLE, United Kingdom. 1.1 Accountln9 eonventlon The financial stalements have been prepared in accordance with the charity's governing document, th8 Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statemgnl of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 1021. (effective 1 January 2019). The harity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantagè of the provisions in the SORP for charities not to prepare a Slalement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charily. Monetary amounts in these financlal slal8ments arè rounded to the nearest £. The financial statements have been prepared under the historical cost Convention. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the time of approving the financial slateménls, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operalion81 existence for the foreseeable future. Thus the trustees continue to adopt th8 going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrèstricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. 1.4 Income Income is recognised when the chanly is legally entitled lo it after any perfomi8nce conditions have been met, the amounts ¢an be measured reliably, and il is probable Ihat income will be rec8ived. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relalion to donations received under Gift Aid or deeds of Covenant is recognised at the lime of the donation. Legacies are recognised on recèipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a contingent asset.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollelos (Contlnued) 1.5 Expendituro Expenditure is recognised once there is a legal or constructive obllgatlon lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and th8 amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under hèadings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of the resources. 1.6 Tanglblé flxed assèts Assets are capitalised if they can be used for more than one year arbd are valued at cost or if gifted at the value to the charity on receipt. Small items of equipment are written off on purchas8. Depreclatlon is r8cognis8d so as to writè off the Cost or valuation of assels less their residual values over their useful lives on the following bases.. Land Building Equipment 00/9 Straight line O /0 slraighl line 33•/0 reducing balance Fre8hold land is not d8preciat8d. The gain or loss arising on the disposal of an asset is détermined as thé difference be88n the sale proceeds and the carying value of the asset, and Is r8cognis8d in the stat8m8nt of flnanclal aclivltles. Income from donatlons, legacle8 and grant8 Unrestrlcled Restrlcted funds funds Total Unrèstrlcted Restrlcted Total funds funds as as re8tal•d restated 2023 2024 2024 2024 2023 2023 Offerings Gift aid giving Income tax recoverable 20120 Project Community Life grants Community Lifè gifts Other gifts 44,121 123,655 30,203 44,121 123.655 30.203 6,066 15,750 8,274 1,283 37,899 110,219 28,050 37,899 110,219 28,986 10.802 936 10,802 6,066 15,750 8,274 4,131 4.131 1,000 1,283 1,000 199,262 30,090 229,352 177,168 15,869 193.037 10-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Unrestricted Unreslrlcted funds funds 2024 2023 Café Room hire Equipment hire 31.143 81,959 75 20,369 72,123 23 113,177 92,515 Income from Invostments Unrestrleted Unrestrlcted funds funds 2024 2023 Interesl receivable 114 Other Income Unrèstrletéd Unrestrlcted funds funds 2024 2023 Solar féed rebates Miscèllaneous income 2,110 1.778 405 2,110 2.183 11
KINGSGATE COMMUNITY CHURCH (GREATYARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charltable activlties 2024 2023 Dlrect costs Staff costs Depreciation and impairment Advertising and public relations Evangelism & pastoral care Energy Water Cleaning Insurance Ministry Coffee shop Equipment maintenance Teaching Bank chargès Travel expensès Repairs and maintenance Audio visual Youth & Children's work Administration Website & email T8lephon8 & intern81 Events Professional fe8S RM Community Life Overseas Mission Misc and bad debts written off General Community Life 20120 Project 177,852 3,044 6,376 1,570 11,229 4.129 11,412 5.722 17,207 38,420 2,049 7,123 1.792 449 11,105 1,371 8,065 10,533 218 3.511 1,203 3,020 3,996 3,996 2.882 175,464 1,356 269 1,305 10,766 1,836 6,507 5,329 4,041 26,047 1,815 4,403 2,061 557 7,020 4,244 7,356 8.170 180 3,385 3,504 1,736 3,900 3.600 2,688 5,442 776 14.516 6,650 18,254 363,178 308.273 Share of support and governance co$ls (see note 7 Govemanc8 1,560 1.440 364,738 309,713 Analysls by fund Unrestricted funds Restricted funds 326,938 37,800 270,854 38,859 364.738 309,713 12-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expondlturè on eharitablo actlvltles IContlnued} Restricted expenditure on Charitable activities is represented by.. Community Life 20120 Proi8¢t £19,546 £18.254 Total £37,800 Governanc• eosls allocated to actlvltlè8 2024 2023 Indep8ndenl examiner's fee 1,560 1,440 Not movèmont In funds 2024 2023 The net movement in funds is ststed after chargingl{cr8ditingl.' Fe8s payable for the Independ8nl examinallon of the charity's financial statements Depreclation of owned tangible fixed assets 1,560 3,044 1,440 1,356 Trustaos Trustees. expenses There were no trustees, expenses paid during the year end8d 31st March 2024 nor for the year ended 31st March 2023. Trustoes, remunorallon and beneflt8 Mrs Julia Miller, a Trustee, received £24,226 (2023 £23,361) for her role as Community Manager and fundraiser. Mr Adam Bradley, a former Trustee (resigned 10th September 2023), received £21,404 12023 £41,279) solely for his role as Church Leader. 10 Employees The average monthly number of employees during the year was: 2024 Numbgr 2023 Number Occasional staff Activities in furtherance of charity's objects Mana9emenl and administration Total 10 10 13
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employeès (Contlnued) Employmenl costs 2024 2023 Wages and salaries Employarfs national insurance Pension contributions 166,391 7,061 4,400 164,450 7,564 3,450 177.852 175,464 The majority of staff work part-time, no employee received emoluments in excess of £60,000 in either year. 11 Taxatlon The charity is within the meaning of Par8 1 Schedule 6 Finance Act 2010. Accordingly, the charity is potentially exempl from taxation in respect of income or capital gain within categories covered by Chapter 3 of Part 11 of the Corporalion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Acl 1992, to th8 extent that such income or gains are applied exclusively lo charilable purposes. 12 Tanglble flxod a$••ts Land 8ulldln9 Equlpm•nt Total Cost Al 1 April 2023 Addllions 126,425 610.603 12,341 8,870 749,369 8,870 At 31 March 2024 126,425 610.603 21,211 758,239 Dapreclatlon and Impalrment Al 1 April 2023 Depreciation charged in the year 9,629 3,044 9.629 3,044 Al 31 March 2024 12,673 12,673 Carrylng amount At 31 March 2024 126,425 610,603 8,538 745.566 At 31 March 2023 126,425 610,603 2,712 739,740 For the year ended 31st March 2018, a decision was made to revalue the building back to cost, thus eliminating all depreciation charged between 2006 2018. The trustees believe this adjustment accurately reflects the residual value of Ihe building at the balance sheet date. 14-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Debtors 2024 2023 Amounts falling duo withln ono year: Trade debtors Other debtors Income tax recoverable 9,521 2.253 821 4,727 6,072 12,595 10,799 14 Credltors: amounts falllng due wlthSn one year 2024 2023 Lloyds Bounce Back Loan Independent Examiner's fees 6,200 3.¢)00 6,200 1,440 9,200 7,640 15 Crndltors: amounts falling due after more than one y•ar 2024 2023 Lloyds Bounce Back Loan 7,233 13,433 16 Unrestrlct•d funds The unrestricted funds of the charity comprSse th8 unèxpended balances of donations and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have bè8n sel aside out of unrestricted funds by the trustees for specific purposés. Incomlng Resources resources oxpènded Transfers At 31 March 2024 2023 General funds 823.911 314,663 1326.9381 {7181 810,918 15
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donation5 and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 Aprll 2023 Incomlng rosourcos Resources èxpendèd Transfers At 31 March 2024 20120 Project TLC. Yarmouth Craft Cafè Lilies Garden Project Connecting Older People NCF Lovewell Blake - IT NCF Household Support Fund Love Norfolk 2024 Laundry Room General Community Llfe 19.148 415 33 109 60 6.066 118,2541 697 7.657 404 62 101 203 4,700 131 11021 {81 1445) 12,300) {588} 13,750) (5.000) {366} {6.9761 588 7,000 588 3,750 5,000 260 7,295 206 414 100 754 21 20,973 30,090 137,8001 718 13,981 Structurn of ré8trl¢ted funds 20120 Project The charity holds funds for a spècific Relational Mission Project, this has an objective of planting new churches across Norfolk. TLC, Yarmoulh These funds were awarded from a grant funder pre-April 2019, thèy were used lo purchase raft items and support wage costs. Craft Café - This fund relates lo a weekly community event for those who enjoy creative activities. Lilies - This fund provides pre-loved children's clothing to those in need. Garden Project - This fund relates to the charity's garden, where people are encouraged lo enjoy fresh air and gardening. Connecting Older People - These funds were awarded from Norfolk Community Foundalion, money received was spent on costs for hosting lunches and coffe8 chats. NCF Lovewell Blake - IT - This was a specific grant from the Lovewell Blake fund. to purchase IT equipment whith will support Kingsgale to develop their training, support and community aclivits'es. NCF Household Support Fund This was awarded to assist 75 local households in financial need with shopping vouchers. Love Norfolk 2024 - This fund helps us to grow and develop our Community Life activities and op8ning times to enable us lo meet increasing needs in our community. Laundry Room This fund is used lo provide free laundry and shower services for people who do not have access to these facilities. General Community Life This fund relates to grants received from external grant funders, money received has historically gone towards running the Hot Food Hub and Community Lunch events. 16-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Analysls of net assets b6tw•en funds Unrestri¢led funds 2024 Restricted funds 2024 Total 2024 Al 31 March 2024: Tangible assets Current asselsl{liabilities) Long term liabilities 745,566 72,585 {7,2331 745.566 86,566 17,2331 13,981 810,918 13,981 824,899 Unrestricted funds 2023 Rostrlctod funds 2023 Total 2023 Al 31 Mar¢h 2023: Tangible assets Current asselsl{liabililigs} Long tem liabilities 739,740 97,604 {13,433} 739,740 118,577 (13,433) 20,973 823,911 20,973 844,884 19 Related party transactlons Mrs Melissa Wilkes. the wife of a trustee, received £13,86012023 - £12,150) for her role as a Youth Worker. 20 Prlor porlod adJu8lments 20120 Projed income has been reclassified as income from donations, legacies and grants for the yèar ènded 31st March 2023. The charity belièvès this best represents the true nature of Ihis particular source of income. Reconclllatlon of changes In Income for the yoar ended 31st March 2023 2022123 Income from donations. legacies and granls as previously reported 20120 Project reclassification Income from donations, legacie5 and grants as reslated 182,235 10,802 193,037 Incom8 from charitablè activities as previously reported 20120 Project reclassification Income from charitable activitios as restated 103.317 (10,802) 92.515 The above changes have not impacted the net movement in funds or fund balances, as previously reported for the year ended 31st March 2023. 17