Charity registration number 1096694 (England and Wales> Company registration number 04557109 KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) CONTENTS Page Trustees. report Independent examine¢s report statement of finanual activities statement of financial position Notes to the financial statements 9-18
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees are pleased lo present Iheir report together with the financial statements of the charity for the year ended 31 st March 2025. The reference and administrative details included below form part of this report. LEGAL AND ADMINISTRATIVE INFORMATION Charity Number Kingsgate Communty Church (Great Yamiouth) is registered in England under charity number 1096694. It commenced operations on 1st April 2003. Company Registration Number Kingsgate Community Church (Great Yamiouth) is a Company Limited by Guarantee. registered at Companies House under number 04557109. The date offirst registration is 9th October 2002. On 1 st April 2003, the charity acquired the assets and liabilities of 'The Kings Church Gorleston, (registered charity number 1044607), a charity established by Deed of Trust dated 1995. Each TrusteelDirector of the charity is required to contribute an amount not exceeding £10 if the charity is wound up. Registered Office Address The Kings Centre, 30 Queen Anne's Road. Southtown, Great Yamouth. NR31 OLE Slart of Financial Year End of Financial Year 1 st April 2024 315t March 2025 TrusteeslDire¢tors The trustees serving during the year were as follows.. Darren Cox Tafadzwa Kativu (Chair of Trustees) Daniel Peter Rust David Kitto-smith Gillian Hodsden (appoinled on 24 March 2025) Pamela Kelsey (appointed on 2 December 20241 Lucky Chikezie Nwoke (appointed on 24 March 2025) Julia Miller {resigned on 31 March 2025) Joshua Wilkes (resigned on 31 March 2025) Leadership Tearn Darren Cox, Dan Jones and Joshua Wilkes (appointed on 1 April 2025)- Independent Examiner Timothy Buttifant ACA, TC Famell Clarke Limited, Business Advisors and Accounlanls, Evolution House, Iceni Court, Delft Way, Notwich. Norfolk, NR6 6BB Bankers Lloyds TSB.. Hall Quay, Great Yarnouth Barclays Bank Plc: Barclays Business Centre, 15 Hall Quay, Great Yamiouth, NR30 1 HL
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Constitulion The charity is govemed by its Articles and Memorandum of Association dated 17th September 2002. Organisational Structure The Leadership Team provides spiritual leadership and direction, taking pastoral responsibility for the church members. Various teams are responsible for different ministries and activities within the church, all accounlable lo the Leadership Team. Additionalty, a Deacon team assists the Leadership Team in managing certain ministry areas. The Truslees oversee the govemance of Ihe charity. ensuring financial and administrative responsibilities are met. The charity owns and operales the lQngs Centre in Great Yamiouth. a facilty well-utilised by Ihe local community. Kingsgate Community Church Great Yarrnouth, run by the charity, is part of the Relational Mission family of Churches in Newfrontiers and a member of the Evangelical Alliance. Trustee Appointment New Iruslees are appointed by Ihe existing trustees in accordance with the Articles. The Articles slipulate a minimum of three trustees. with no maximum number required. OBJECTIVES AND ACTIVITIES Objects The principal object of the charity is to advance the Christian religion by proclaiming and fijrthering the gospel of Jesus Christ Ihrough bible based preaching and leaching, witness, discipleship and compassion. Further objecls include relieving persons in conditions of hardship or distress. due to social. medical or economic circumstances. Additionally, the charity provides building facilities for use by and for the benefft of both the church and the local communty. Activities In planning and undertaking activities, the trustees have adhered to the guidance on public benefit issued by the Charily Commission. Below is a summary of the main activities undertaken by the church in relation to its objects.. Sunday Moming Meetings Weekly Sunday moming meetings are a key activity for our mission as a church. We have seen a gradual increase in attendance in the main meeting and in the Youth, Kids and Tots groups. We are grateful for the many volunteers who serve failhfully to help make sure we can run effectively. We continued streaming our Sunday meetings online via our YouTube channel. helping people stay connected even rf they are unable to attend in person. As a result of the increase in attendance we are regularty holding baptismal services. Midweek Groups A variety of midweek groups lake place each month, focusing on friendship, Bible study, worship, prayer, personal faith development, and outreach activitie5. Additionalty. we have Discipleship Partners consisting of 3 to 4 men or women in small accountability groups where individual church members can support each other. Children and Youth Programmes Sunday morning and some midweek groups for children of all ages involve a wide variety of activities, leaching, games, and crafts, alongside opportunities to explore Christian issues. We were fortunate to have had the support of a youth volunteer to support our Children and Youth Programmes as well as one of our youth members go away to support anolher church as part of Inlenlional Discipleship (IDI program. The youth now meet twice a month during Sunday services and participate in other activities outside of Sundays and the younger youth have an addilional monthly meeling.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Alpha Courses We regularly run the Alpha Course which is a series of interactive sessions that give people the opportunity to explore the basics of the Chrislian faith in a relaxed, open environment. Community Life Our community activtties all now come under our Communty Lrfe banner. Community Life is focused on providing a wami, welcoming and safe space during the week, for all members of our church family and the local community to engage with, including= Lonely and isolated people - including those who are older and people with disabilities People struggling on low incomes and cost of living rises (including families) Vulnerable people and those with mental health issues People who are homeless, vulnerabty housed or living in emergency accommodation We provide the following free seNices and activities during the week, mainly through a great team of friendly and dedicated volunleers, without whom we would not be able lo offer half as much support lo our community.. Laundry facilities to help people wtthout easy access to wash and dry clothes Shower rooms for use by people without regular aCsS to hot water or facilities Community coffee morning - for people to find a wami welcome and friendly company Community Lunch - weekly hot, tasty two course meal, served to approximately 80 people at low cosl or free if people are struggling on low incomes Craft Group- daylime mid-week crafl group for adults of all abiltlies Free tea and coffee and free food where needed One to one support and mentoring Cenlre 81- community transporl helps people to asS our activities where needed Homelessness Support Our work with people in the homeless cornmunty continued to grow significantly during 2024. Wth the number of people who came in saying Ihey were rough sleeping or homeless, increasing from 10 people in 2023 to 102 people in 20241 The new Herring bridge {opened in February 2024) has enabled people sleeping rough in tents on the beach, and in other locations around Great Yarmouth. easy access to our shower and laundry facilities, which are in high demand, as there are limited alternative spaces in the town that provide this type of praclical support. The mosl frequentty heard comment when people come in and use our showers and laundry for the first time is 'Thank you so much, I feel human again.. Our connections with the council's rough sleeper and housing teams and other local support services, dealing with addiclions and mental health has also increased. Other Community Benefittsng Activities We aim to make the Kings Centre premises available for community activities organised by the church and others in the community, as well as for hire by extemal organisations. All activities must comply with the Church Ethos. The church has continued lo organise events to serve the wider communtty. building relationships and trust with a broad cross-section of the local community- Regular activities arranged by other groups in the communty induded= 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 Benefft. users.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grant Funding We are very grateful for the grants we received during the financial year to help develop our Community Life activities, which have made a realty positive difference to the lives of people living in need in our community. Affiliations Kingsgate Community Church Gt Yamouth is affilialed to the Relalional Mission family of churches under the world- wide banner of Newfrontiers. Excellent relationships are maintained with other Relational Mission churches and leaders across the UK and beyond, with members attending regional, national and international events such as Enough Prayer nights. Leadership conferences and local cluster events. Public Benefit All of our objectives, aims and activities are designed to benefft the public. We provide Public Services. Care, Community and Youth programs. Education and Training as well as making gifts to those in need both localty and in other places. We provide one to one support and mentoring when required as well as promoting family value5 and community spirit. As a Christian church we promote spiritual welkbeing at all times. It is our policy that all our services and programmes are open and accessible lo all and that those who are vulnerable should not be excluded and are not disadvantsged by our activities in any way. Financial matters We finished this financial year with a total funds of £884,893, compared to £824,899 in the previous. Of these total funds £744,913 relates to land, building and equipment assets. Just prior lo the financial year end we Ceived £45,000 as a compensation payment for disruption and loss of earnings due to the Third River Crossing construction works. Reserves Policy It is the policy of the charity to maintain unrestricted funds. which are the free reserves of the charity, at a level that equales to approximately 3 monlhs of unrestricted expenditure. At this level. the Trustees feel that they would be able to continue the current activities of the charity in the event of a signtficant drop in income. Safeguarding The Trustees are aware of their responsibilities relating to protection and security of Children, young people and Adults at Risk. The charity has in place and operates a Safeguarding Policy covering 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 at Risk. There have been no serious safeguarding incidents to report. Statement of Trustees. responsibilities in relation to the financial statements Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year Ihal give a Irue and tsir view of the Charity's financial aclivities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then appty them consistenty make judgmenls, that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed subject lo any departures disclosed and explained in the financial slatements prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records, which disdose with reasonable accuracy, at any time the financial posilion of the Charity and enable them to ensure Ihal the financial slatements comply with the CharitiesAct 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable sleps for the prevention and detection of fraud and other Iegular[ties.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk Assessment The trustees actively review Ihe major risks which Ihe charity faces on a regular basis and believe thal maintaining the free reserves stated, combined wth the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined olher operalional and business risks which they face and confim that they have eslablished syslems to mitigate the significant risks. Approved by the trustees and signed on their behalf by: T Kativu Chairperson Date.. 17 December 2025
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) I report lo the trustees on my examinalion of the financial statements of Kingsgate Community Church (Great Yarmouth) (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Iruslees of the charity land also its directors for the purposes of company law), you are responsible for the preparation of the financial stalements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that Ihe financial slatements of the charity are nol required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial stalemenls carried out under section 145 of Ihe Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Comrnission under section 14515)Ib} of the Charities Act 2011. Independenl examinerfs statement Since the charity's gross income exceeded £250,000. the independent examiner must be a member of a body listed in section 145 of the Charilies Acl 2011. 1 confim that l am qualtfied lo 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 confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kepl in respect of the charity as required by section 386 of Ihe Companies Acl 2006. the financial statemenls do not accord with Ihose COrdS.. or the financial statements do not compty with the accounting requirements of section 396 of the Companies Act 2006 olher than any requiremenl that Ihe financial statements give a true and fair view, which is nol a matter considered as part of an independent examination., or Ihe financial slatements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in conneclion with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Timothy Buttifant ACA TK T B (Dec 18, 2025 15.'26=03 GMT) TC Farnell Clarke Limited BusinessAdvisors and Accountants Evolulion House Delft Way Norwich Norfolk NR6 6BB Dated.. 1811212025
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations, legacies and grants Charitable activities Inveslments Olher income 197,264 122,565 498 45,000 37,788 235,052 122,565 498 45,000 199,262 113,177 114 2.110 30,090 229,352 113,177 114 2,110 Total income 365,327 37,788 403.115 314,663 30,090 344,753 Expendilure on- Charitable activities 301,288 41,833 343,121 326,938 37,800 364,738 Total expenditure 301,288 41,833 343,121 326,938 37,800 364,738 Net incomel{expenditure) 64,039 (4,045) 59,994 {12,275) (7,710) {19,985) Transfers between funds (5) (718) 718 Net movement in funds 64,034 (4,040) 59,994 (12,993) (6,992) {19,985) Reconciliation of funds- Fund balances at 1 April 2024 810,918 13,981 824,899 823.911 20,973 844,884 Fund balances at 31 March 2025 874,952 9,941 884,893 810,918 13,981 824,899 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 requirements for an income and expenditure account under the Companies Act 2006.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 744,913 745,566 Current assets Debtors Cash at bank and in hand 13 14,712 134.061 12,595 83.171 148.773 95.766 Creditors: amounts falling due within one year 14 (7.7601 {9.2001 Net current assets 141.013 86,566 Total assets less current liabilities 885,926 832,132 Creditors: amounts falling due after more than one year 15 (1,033) 17,233) Net assets 884,893 824,899 The funds of the charity Restricted income funds Unrestricted funds 17 16 9,941 874,952 13,981 810,918 884,893 824,899 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for cornplying wtth the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of tts financial statements for the year in question in accordan with section 476. These financial slatements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial stalemenls were approved by the trustees on 17 December 2025 T Kativu Chairperson Company registration number 04557109 (England and Wdles)
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infonnation Kingsgate Community Church {Great 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 Yarmouth, NR31 OLE, United Kingdom. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's goveming document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional cUencY of the charity. Monetary amounts in these financial stslements are rounded to the nearest £. The financial stalements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequale resources to continue in operational existence for the foreseeable fulure. Thus the Iruslees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charilable funds Unrestricted funds are available for use at 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 set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legalty entitled to it after any perfomiance conditions have been met, the amounts can be measured reliabty. and tl is probable that income will be received. Cash donations are recognised on receipt. Other donats'ons are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amounl. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the tirne of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amounl is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefil lo a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo 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 Tangible fixed assets Assets are capitalised rf they can be used for more than one year and are valued at cost or if gifted at the value to the charity on receipt. Small items of equipment are written off on purchase. Deprecialion is recognised so as lo write off the cost or valuation of assets less their residual values over Iheir useful lives on the following bases.. Land Building Equipment O % straight line 0% straight line - 33°/o reducing balance Freehold land is not depreciated. The gain or loss arising on the disposal of an asset is detemined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Income from donations. legacies and grants Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Offerings Gift aid giving Income tax recoverable 20120 Project Community Life grants Community Life gifts other gifts 31,550 125,266 33,316 31,550 125,266 33,316 2,459 34,500 829 7.132 44,121 123,655 30,203 44,121 123,655 30,203 6,066 15,750 8,274 1,283 2,459 34,500 829 6,066 15,750 8,274 7.132 1,283 197,264 37,788 235,052 199,262 30,090 229,352 10-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Café Room hire Equipment hire 32.099 90,508 (421 31,143 81,959 75 122.565 113,177 Income from investrnents Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 498 114 other income Unrestricted Unrestricted funds funds 2025 2024 Solar feed rebates Compensation received - Bridge works 2,110 45,000 45,000 2,110 11
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities 2025 2024 Direct costs Staff costs Depreciation and impaiment Advertising and public relations Evangelism & pastoral care Energy Water Cleaning Insurance Ministry Coffee shop Equipment maintenance Teaching Bank charges Travel expenses Repairs and maintenance Audio visual Youth & Children's work Administration Website & email Telephone & intemet Events Professional fees 177,989 3,503 538 1,042 11,238 2,729 9,262 6,483 3,563 45,422 1,266 6,631 2,392 177,852 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 6,650 18,254 18,729 1,824 9,270 10,127 128 4,450 5,837 214 3,996 3,996 3,202 582 7,148 RM Church Tithe Overseas Mission Community Life Activities 20120 Project 341,561 363,178 Share of support and governance costs (see note 7) Governance 1,560 1,560 343,121 364,738 Analysis by fund Unrestricted funds Restricted funds 301,288 41,833 326,938 37,800 343,121 364,738 12-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities (Continued) Restricted expenditure on charitable activities is represented by.. Community Life 20120 Project £34.685 £7,148 Total £41,833 Governance costs allocated to activities 2025 2024 Independent examinerfs fee 1.560 1,560 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(credits'ng)= Fees payable for the independent exarnination of the charity's financial statements Depreciation of owned tangible fixed assets 1,560 3.503 1,560 3,044 Trustees Trustees. expenses There were no Iruslees, expenses paid during the year ended 31 st March 2025 nor for Ihe year ended 31 st March 2024. Trustees. rernuneration and benefits Mrs Julia Miller. a Trustee, received £24.711 (2024 - £24,226) for her role as Community Manager and fundraiser. Mr Darren Cox, a Trustee, received £15,435 (2024 - £NIL) solely for his role as Elder. 10 Employees The average monthly number of employees during the yearwas.. 2025 Number 2024 Number Occasional staff Aclivities in furtherance of charity's objects Management and administration Total 10 10 13-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees (Continued) Employment costs 2025 2024 Wages and salaries Employerfs national insuran Pension contributions 166,009 7,244 4,736 166,391 7,061 4,400 177,989 177,852 The majority of staff work part-time. no employee received emoluments in excess of £60.000 in either year. 11 Taxation The charity is within the meaning of Para 1 Schedule 6 Finance Act 2010. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gain within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of Ihe Taxalion of Chargeable Gains Act 1992, to the extenl Ihal such income or gains are applied exclusivety to charitable purposes. 12 Tangible fixed assets Land Building Equipment Totsl Cost At 1 April 2024 Additions 126,425 610,603 21.211 2,850 758,239 2,850 At 31 March 2025 126,425 610,603 24,061 761,089 Depreciation and lrnpaient At 1 April 2024 Deprecialion charged in the year 12,673 3,503 12,673 3,503 At 31 March 2025 16,176 16,176 Carrying amount At 31 March 2025 126,425 610,603 7,885 744,913 At 31 March 2024 126,425 610,603 8,538 745,566 The Truslees have considered the requirements to depreciale the building and are Satisfied that no depreciation is necessary, consistent with the position taken in previous years. 14-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Income tax recoverable 11,529 1.565 1,618 9,521 2,253 821 14,712 12,595 14 Creditors: amounts falling due within one year 2025 2024 Lloyds Bounce Back Loan Independent examinerfs fees 6.200 1,560 6,200 3,000 7.760 9,200 15 Creditors: amounts falling due after more than one year 2025 2024 Lloyds Bounce Back Loan 1,033 7,233 16 Unrestricted funds The Unreslricled Funds of the charity comprise the Tangible Fixed Assets detailed in note 12 along with any unexpended balanS of donations or grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 810,918 365,327 (301,288) 151 874,952 15-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specrfic conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 20120 Project TLC, Yarmouth Craft Café Lilies Garden Project Connecting Older People 2024 Connecting Older People 2025 NCF Communty Hardship Fund Love Norfolk 2024 NCF Surviving Winter Fund Laundry Room General Communty Life 7,657 2,459 (7,148) {2001 {50) 2,968 204 12 101 62 101 203 4,700 {208) 14,700) (1,845) 7,500 5,655 20.000 5.000 2.000 (20,000) (5,000) (2,000) {100) (582) 100 754 829 1,001 13,981 37.788 (41,833) 9,941 16-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds (Continued) Structure of restricted funds 20120 Project - The charity holds funds for a specific Relational Mission Project, this has an objective of planting new churches across Norfolk. TLC, Yarmouth - These funds were awarded from a grant fijnder pre-April 2019, they were used to purchase craft items and support wage costs. Craft Café - This fund relates to a weekly communty event for those who enjoy creative activities. Lilies - This fund provides pre-loved children's dothing to those in need. Garden Project- This fund relates to the charivs garden. where people are encouraged to enjoy fresh air and gardening. Connecting Older People 2024 & 2025 - These fijnds were awarded from Norfolk Community Foundation to support the reduclion in loneliness and isolation of older people in the borough. The funding was used lo help run coffee mornings, communty lunches and provide one to one support. NCF Community Hardship Fund - These funds were awarded from Norfolk Community Foundalion to support those in need with access to laundry and shower faciliiies. food. clothes household appliances and utility bill Iop-UPS. Love Norfolk 2024- This fund helps us to grow and develop our Community Life adivities and opening times lo enable us to meet increasing needs in our community. NCF Surviving Wnter Fund - These funds were awarded from Norfolk Communty Foundation to provide a warm space and a range of support Monday to Thursday- 10am to 2pm over the winter months. Laundry Room This fund is used to provide free laundry and shower seprfices for people who do not have access to these facilities. General Communty Lrfe This fund helps enable the general running of our Community Life activities and incorporates gifts and personal donations received to support people in need throughout the year. 18 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Currenl assetsllliabililies) Long term liabilities 744,913 131,072 (1,033) 744,913 141,013 (1,033) 9.941 874,952 9.941 884,893 17-
KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysis of net assets between funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assels Current assetsllliabilities} Long temi liabilities 745,566 72,585 (7,233) 745,566 86,566 (7,233) 13.981 810,918 13,981 824,899 19 Related party transactions Mrs Melissa Wilkes, the wife of a trustee. received £14.285 {2024- £13.860) for her role as a Youth Worker. 18-