Charity reglstratlon number 1098728 Company registration number 046574121England and Wales) KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Chartered Certified Accountants KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD LEGALAND ADMINISTRATIVE INFORMATION Trusteos Mr B RArnott MrsVJJoy Mr R Field Mr S Chaplln Mrs K Patterson Secretary MrBRAmott Charlty number 1096726 Company number 04657412 Prlnclpal 4ddr•s$ stste Hall Station Road Heathfleld East Sussex TN218LD Rogl8t¢red offlce Chantry House 22 Upperton Road Eastbourne East Sussex BN211BF Ind•p•ndont oxamlner John Caladlne FCCA CTA FCIE Caladlne Limited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Bankern Barclays Bank PIC 46 Hlgh Street Heathfleld East Sussex TN218HT KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD CONTENTS Pago Trustees, report Statsment of Tru3tees' responslbllitie8 Independent examlne¢8 report statement of financlal activities Statsment of flnancial posltlon Notes to th8 financlal statsment8 8-19 KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accountlng policles set out In note 1 to the financial statements and comply wilh the charity's Memorandum and Articles of Assoclation, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparlng their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019)" Objectlves and actlvltle8 The Charity's objectlve5 are to advance Ihe Chrlstlan faith by such means as the ¢harity shall detsrmlne from tlme to time. Kings Church Is a Bible believing charismatlc Christian church. We seek primarily to honour and worshlp God Father, Son and Holy Splrll, and to follow God's leading and direction in mission. We are members of tha Evangellcal Alliance and are part of the Catalyst nelwork of churches within the New Frontiers famlly. The misslon statement of the church Is 'We want to see Ilves and the Heathfleld area transformed inlo all God has for us". Over the year we have continued lo se8 the church grow and as a result God's Iransformlng power In the lives of Indlvlduals and tsmllle8. Our rnain aCti￿tIeS are to run a variety of meetings that: Focus on worshlp and prayer Teach the Bible Advance knowledge ofthe gospel in the Heathfield area Promote a strong sense of communlty Provlde 8ctivltles for children and young people We implement these activlties lo respond to the spiritual and material needs of the communities in the Heathfield area and amongst our friends in the wider international scene. Public benefit Publlc beneflt The Trustées have paid due regard to guldance issued by the Charity Commlsslon in declding whal activities the harity should undertake. Achlevements and perforniance signifi.cant activities 8nd achievements against obj8CtiV8S We have continued our monthly 'Gatherings' as a churth where we meet In smaller local groups one Sunday a month rather than Gentrally as one large Church. Thls has had 8 significant positive impact on our outieach and abllity to serve Dur Ioc81 communities, and we continualty look for new opportunitie5 to expand these groups, welcome new people and to selve and aBSlSt Ihe communities around us. One of Ihe groups has started a community gardpn in Horam which has been very well received by the local residents. We have also connected wlth local care homes and are exploring opportunities to connect wlth some of the local schools under TLG scheme, mentorlng children who are perhaps struggling or have a difficult home life. Another key part of our outreach work is Ihe Alpha courses that we host at Stale Hall which typically run for 74 week5 at a tlme. These provide a forum for newcorners and guests to come and explore faith and whgl we can polentially offer as a Church. We have Increased the frequency and profile of these courses in the last year and have seen significant growth in attendance over the last two courses as a result, with some guests rDw attending the Church regularly loo. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We continue to run varlous children and youth actlvities, with Nlkki M05trarn employed on a part-time basis specifically to assist with organlsing and running the work with the children. We run a regular youth group on Frlday afternoon immediately after school which has proved very popular with Children bolh inside and oulside of Church membeTshlp. We partner wlth another local church to send a large group of children (aged 12+ years) to Newday camp for a week In summer, fully supported and supervised by our youth work leaders. As our numbers are increasing we are looking io employ a fulktime youth leader In 2024 to invest In more youth actlvities, support, and connections with other local church youth groups. We have made grants to assist churches we have contact with overseas, includlng some countries where practising Christianlty is politically sensillve. We also give to local needs. Noake8 We have seen trading at Noakes café stabllise over the last 12 months, helped by less volatile energy and running costs. It Is well-established with a good reputation in the town. and monthly figures are now faity consistent. It has proved io be a great asset for hostlng Alpha Course evenings, a youth workspace, and generally increasing the profile and use of the building durfng the week beyond Sunday morning meetings. Due to the trading success of the café we have had to form a company separate from the Church (Noakes Healhfield Ltd.) for a¢Gount4ng and VAT purposes, but Ihe business remains a wholly owned subsidiary of Kings Church Heathfleld. The broad aims of the café remain the same.. to further the charitable work of the church by glvlng away any profits. to see the christian faith advance by making the bullding More attractive and welcomlng to visitors,. and to be a place of employment and tralning wlthln the town. Volunteern A greal deal of the Work of the church both serving the church and Ihe wlder community Is undertaken by volunteers who are memb8rs of the ¢hurth. The Trustees are deeply grateful to them for their commitment in time and energy. Flnanclal revlew The church recorded a surplus of £2,931 during the year (2023: surplus of £27,675). General unrestricted funds at 31 March 2024 amounted to £312,507 (2023: funds of £309,576). Reserrfes polloy It is the policy of the charity that unre5trlcted funds which have not been designated for 8 specific use should be mainlalned at a level equlvalent to three monlh's expenditure. The Trustees conslder Ihat reserves at this level will ensure that, in the event of a slgnificant drop In funding. they will be able to continue the charity's current activlties while consideratlon Is given to ways in whlch additional funds may be raised. Major risks The Trustees have assessed the major risks to which Ihe charity is exposed, and are satlsfied that systems are in place lo rnitigate exposure to the major risks. A rolling review program is being put in place to ensure that our policies and procedures are kept up to dale with help from extemal consultants. structure, govemance and management The charity is a company limited by guarantee and governed by a Memorandum and Artlcles of Associalion. The charity reglstration number, priDapal address detsils plus names and addresses of our advisors are listed on the information page of these accounts. The Trust acts as the legal umbrella for the work of Kings Church Heathfield. The church is affiliated to the group known as Catalyst Ne￿ork of Churches. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, vtho are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were- MrB RAmott MrsVJJoy Mr R Fleld Mr S Chaplln Mrs K Patterson Recniitment and appointment of trust8es New Trustees are elected by the majority vote of members at the Annual General Meetlng. Sultable training is provided. None of the Trustees has any beneflcial interest in the company. All of the Trustees are members of the company and guarantee to contrfbute £10 in the event of 8 windlng up. Organisatlonal structu The Trustees meet regularty and deal wlth the management of the Church. The day to day activitles of the church are delegated to the church leadershlp team supported by office staff. The leadership team report to the Trustees on a regular basls. The rusle re ort was approved by the Board of Trustees. Tru•tg 16 September 2024 KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors of KC Heathfield for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Unlted Klngdom Accounting Standards (United Kingdom Generalty Accepted Accountlng Practice). Company Law requires the Trustees to prepare financial statements for each financlal year which gnie a true and fair view of the state of affairs of the charlty and of the incoming resources and application of resources, including the Income and expenditu￿, of the charitable company for that year. In preparing these financial ststements, the Trustees are required to: select suitable a¢counting pollcles and then apply them ¢onslstently', observe the methods and principles In the Charitles SORP; make ludgements and estlmates that are reasonable and Prudent., state whether appliGable UK Accounting Slandards have been followed, sublect to any mater181 départures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basls unless It is inapproprlate to presun* that the charlty wlll continue In operation. The Tnjstees are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any time the financlal position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2008. They are also responsible for safeguarding the assets of the charlty and hence for taking reasonab18 Steps for the prevention and detection of fraud and other Irregularities. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KC HEATHFIELD I report to the Trustees on my examination of the flnancial Statements of KC Healhfield (the charty) for the year ended 31 March 2024. Responslbllltles and basls of report As the Trustees of the charlty land also its directors for the PUTposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requlrements of the Companies Act 20C6 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of the chatity's nancial statements carried out under sectlon 145 of the Charitles Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charlty Commlsslon under section 14515)Ib) of the 2011 Act. Independ•nt examine￿$ statement Since the charity's gross Income exceeded £250,000 your examlner must be a member of a body Ilsted in sectlon 145 of the 2011 Act, I confirm Ihat l am qualrfied to undertake the examlnation because l am a member of the A8socl8tion of Chartered Certified Accounlanls, which is one of the Ilsted bodles. I have completed my examinatlon. I confim that no matters have come to my attention in connectlon with the examinatlon giving m8 cause to believe that in any material respect.. accountlng records were not kept in respect of the charity as required by sectlon 386 of the 2006 Act; or the financial statements do not accord with those records., or the financial statements do not comply with the accountlng requirements of section 396 of the 2006 Act other than any requlrement that the accounts glve a true and fair view which 18 nol a matter considered as part of an Independent examination., or the financial statements have not been prepared in a¢¢ordance with the methods and principles of the statement of R8commended Praclice for accounting and reporting by charities appllcable to chaTitie3 preparing their accounts In accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 1021. have no conGem5 and have come across no other matters in connectlon with the examinallon to which attention should be in thi report in order to enable a proper understanding of the financial stalements to be reached. John Caladlne FCCA CTA FCIE Caladlne Lirniled Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Dated.. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unregtrictod funds 2024 Unrestrlcted funds 2023 Note• Income and ondowments from: Donations and legacles Charitable activities Other tradlng activitles Investments Oth6r Income 245,792 18.354 235,524 9,554 76,669 99 4,824 18,860 Total Income 283,006 326,670 Exp•ndfturo on: RaSsing funds Charltable activitles other expenditure 69,862 229,333 279,185 890 14 Total expendlture 280,075 298,995 Net Income and movement In funds 2,931 27,675 Reconclllatlon of funds: Fund balances at 1 April 2023 309,576 281,901 Fund balance• It 31 March 2024 312,507 309,576 The statement of financl81 activitl8s includes all gains and losses recognlsed In the year. All Income and expenditure derlve from continulng activitles. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2024 2024 2023 Notes Flxed assets Property. plant and equipment Investments 16 17 327,919 339.672 327,920 339,672 Current assets Trade and other recelvable8 Cash at bank and in hand 15,064 50,034 12,890 54,091 65,098 (34,517) 66,981 {28,123) Current Ilabllitl•8 20 Net current as•ats 30,581 38,858 Total a8*•t$1•88 current Ilabllltl•• 358,501 378,530 Non•curr•nt Ilabllltles 21 (45.994) (68,954) Not assets 312,507 309,578 The funds of tha charlty Unrestricted funds 312,507 309,576 312,507 309,576 The company Is entitled to the exemptlon from the audlt requlrement contained in sectlon 477 of the Companles Act 2006, for the year ended 31 March 2024. The dlre¢tor acknowledges hls responsibilitles for complylng 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 audlt of its financial statements for the year in questlon in accordance with section 476. These financial statements have been prepared In accordance with the provlsions appllcable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 16 September 2024 MrBRAmott Trust•• Mr S Chaplin Truste• Company registration number 04657412 (England and Wales) KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle8 Company Inforniation KC Heathfield is a private company lirnited ty guarantee Incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1 BF. 1.1 Accountlng conventlon The financial statements have been prepared in accordance wlth the charity's Memorandum and Articles of Association, the Companles Aci 2006 and "Accounting and Reporting by Charities.. Ststement of Recommended Pracllce applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive 1 J8nuary 2019)" The charlty is a Public Benefft Entlty 8s defined by FRS 102. The charlty has taken advantage of the provisions In the SORP for charities applying FRS 102 UpdaÈ Bulletin 1 not to prepare a Statement of C8sh Flows. The flnanclal statements are prepared in sterllng, which is the functlonal Cu￿encY of the charity. Monetsry amounts In these financial statements are rounded lo th8 nearest £. The financlal statements have been prepared under the hlstorfcal cost convenllon. The principal a¢¢ountlng policies adopted are set out below. 1.2 Golng concern At the time of approvlng the financial ststements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basls of accounting In preparlng the flnancial statements. 1.3 Charttable funds Unrestricted funds are available for use at the dis¢retlon of the TTUSt6es In furtheran¢e of thelr charitable oblectives unless the funds have been deslgnated for other purposes. All monies glvén to the Trust are marked or designated for the General fund. The Trust does not have any restrlcted funds. 1A Income Income is recognised when the charity Is legalty entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donatlons are recognised on receipt. Other donations are recogni5ed once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable In relation to donatlons received under Glft Aid is recognised at the time of the donation. Legacles are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount Is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income from trading activitles Includes sales from our coffee shop, Noakes. Income via Noakes is recognlsed when received. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounllng pollcles (Contlnued) 1.6 Expendlture Expenditure Is recognised once therels a legal or constructive obligation to transfer economic benefrt to a thlrd paty, itls probable that a transfer of economio beneffts will be required In settlement, and the amount of the obligatlon can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and shared costs, including support costs involved in undertaking each actlvlty. Direct costs attributable to a single activity are allocated dlrectly to that activity. Shared costs which contribute to more than one activity and support costs which are not attrlbutable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basls of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised when there is an obligation to make a payment to a thlrd paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expendlture is classlfied under the appropriate heading and includes irrecoverable VAT. Exp8ndlture relating to events is recognlsèd when the event occurs. Glfts and donatlons are recognised when paid. 1.6 Property, plant and equlpmont Property, fixtur85 and equipment are inrtlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impalmient105ses. Depreclatlon is recognised so as to write off the cost or valuatlon of assets less their residu81 values over their useful lives on the following b8si8'. Land and bulldings Fixtures, fittings and equipment 2% on a stralght Ilne basis 150h on a reducing balance ba51S The galn or106s arlslng on the disposal of an asset is determlned as the difference be￿een the sale proceeds and the ¢arying value of the ass8t, and is recognised in the ststernent of financial activilles. 1.7 Non•current Investments Fixed assel investments are initially measured at trans8Ction price excluding transaction costs, and are subsequently measured at falr value at each reporting dale. Changes in fair value are recognised in net incomellexpenditure) for the year. Transaction costs are expensed as Incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of Ihe entity so as to obtain beneffts from its activlties. 1.8 Impalmient of non-current assets At each reporting end date, the charity reviews the carrying amounts of its langible assets to determlne whether there is any indicatlon that those assets have suffered an impairment loss. If any such Ind￿atIon exists, the recoverable amount of the asset is estimated in order to detemine the extenl of the impaimient loss (If any). 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wilh banks. other short-term liquid inve5trnents with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Contlnued) 1.10 Flnanclal Instruments The charity has elected to appty the provlsions of Sectlon 11 'Basic Financial Insttuments, and Sectlon 12 'other Financial Instruments15sues' of FRS 102 to als of it5 financial instruments. Financjal instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabillties are offset, with the net amounts presentsd in the financial statements, when there is a legally enforceable rlghl to set off the recognised amounts and there is an intention to settle on a net basls or to reallse the asset and settle the liabillty simultaneousty. Baslc financial assets Basic financial assets, whlch inclLsde trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carrled al amortised cost using the effective interest method unless the arrangement constitutes a flnancing transaction, whete the transactlon is measured at the present valuè of the future recelpts discounted at a market rate of Interest. Financlal assets classified as rec8lvable within one year are not amortised. Baslc flnanclal liabllltlos Basic fin8ncial liablllties, including trade and other pgyables and bank loans are initially recogni5ed at transaction prlce unless the arrangement con81ilutes a financing transaclion, where the debt Instrument Is measured at the present value of the future payments dlscounted at a market rate of interest. Financial liabilities cla6sified as payable within one year are not amortised. Debt instruments are subsequentty carried at amortised cost, using the effective interest rate method. Trade payables are obligatlons to pay for goods or servlces that have been acqulred in the ordinary course of operations from suppliers. Amounts payable are classlfied as current liabllities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade payables are recognised initially at Iransacllon price and 8ubsequenlly measured at amortised cost using the effective inlerest method. Dore¢ognltlon of finan¢l•l Ilabllltles Financial liabilitlès are derecognlsed when the charity's contractual obligatlons expl￿ or are discharged or C8ncelled. 1.11 Employee beneflts Vvhere materlal, the cost of any unused hollday entitlernent is recognised in the period in which the employee's services are received. Temiination benefits are recognised Immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.12 Retlrement beneflt Payments to defined contribution retirement benefit schemes are charged as an expense 95 they fall due. 10 KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estlmate8 and judgements In the applicatlon of the charity's accounting pollcies, the TTUStees are required lo make Judgements, estimates and assumptions about the carrying amount of assets and Ilabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historlcal experience and other factor5 that are considered to be relevant. Actual results rnay differ frorn these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period In which the estimate is revised where the revision affects cnly that period, or In the period of the revision and future periods where the revision affects both current and future periods. Incoma from donatlons and legacles Unrastrlcted Unre8tr1cted fund8 funds 2024 2023 Donatlons and gifts 245,792 235,524 Donatlons and gifts Regular donations and glft days Gift aid tax refund8 208,830 36,962 198,586 36,938 245,792 235,524 Income from charltable actlvltles Unr•8trlcted funds 2024 Unr••trlcted funds 2023 Charftable actlvltles Conferences and special events Hall hire income 10,144 8,210 4.127 5,427 18.354 9,554 Income Irom other tradlng actlvlties Unrestrlcted Unrestrlcted funds fund8 2024 2023 Noakes Goffee shop income 76,669 11 KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other tradlng activities (Contlnued) Following signlflcant growth in the tumover for No8kes coffee shop, It was decided to hlve this off Into a separate trading subsidiary with effect from 1 January 2023. Income from Investments Unre8trlcted Unre8trlcted funds funds 2024 2023 Interest receivable 99 Other Income Unr•strlcted Unr••trtcted funds fund• 2024 2023 other Income Cat6rlng income Management fe8 Income (Noakes coffee shop) 2,880 1,580 14,400 111 1,113 3,600 18,860 4,824 Expendlturo on ral•lng funds Unre$trl¢ted Unre•trf¢ted fund• funds 2024 2023 Noakes coffee shop Coffee shop purchases staff costs 26,724 42,938 69,662 12- KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on Gharltable actlvitie8 Charltsble actlvltles Charitable actlvlties 2024 2023 Dlrect costs Stsff costs Conferences, events and pastoral support Provision of minlsterlal accommodgtion Evangelistic courses and activities Guest speakers Books, muslc and tapes Worship and PA Chlldren and youth Printlng, postage and stationery 77,784 27,741 34,963 2,405 450 818 2,582 4,225 1,954 63,220 15,583 28.800 1,194 1,250 1,577 1,844 3.859 2,766 F 11 Travel costs Caterlng and other supplies Telephone Licenses Child protsctlon Computer expenses Health and safety Subscrlptions Sundrfes Advertlslng 163 5,081 2,908 1,2e2 563 1,418 139 1,915 431 141 272 4.338 2,301 1,166 644 1,502 83 3,039 259 135 186,943 133,832 Grant funding of actlvlt18818ee note 10) 24,708 12.105 Share of support and governance costs (soe note 11) Support Govemance 77,091 10,443 72,953 10,443 279,185 229,333 Analysls by tund Unrestricted funds 279,185 229,333 13- KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Grants payable Charltable actlvitieg 2024 Charitable 8Gtivities 2023 Grants to institutlons.. Arrnenla - churches and communltles Turkey - churches Catalyst neiwork other 13,988 7,200 2,520 1,000 7,200 2,520 50 24,708 9,770 Grants to Indlviduals 2,335 24,708 12,105 11 Support eoits allocated to actlvltles Charltablo activltle8 2024 Totsl 2023 Depreclation Llght and heat Loan interest Repairs and malntenance Cleaning and consumables Insurance Water rates Caretaklng Govem8nce 14,881 28,458 8,191 5,274 14.702 3,984 3,463 140 10,443 15,424 29.420 5,018 5,781 13,241 2,772 1,172 125 10,443 87,534 83,396 2024 2023 Governance costs comprl8e: Accountancy Independent examination Bank charges Bookkeeping 1,860 1,020 2,215 5,348 1,540 2,433 5.490 10,H3 10,443 14- KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Trustees The totsl aggregate donations received by the charlty from Its trustees and related parties amounted to £26,76412023.' £29,461). 13 Employees The average monthly number of employees durlng the yearwas= 2024 Number 2023 Number Pastoral Administration and sUPPOrt Total Employment costs 2024 2023 Wages and 5alarfe8 Soclal security costs Other pension co8t8 70,277 5,142 2,365 102,904 1,018 2,236 77,784 106,158 There were no employ888 whose annual remuneratlon was more than £60,000. Remun•ratlon of key managemeni personn•l The remuneration (wages and employer penslon contrlbutions) of thè tsvo key management per80nnel 58 as follows. 2024 2023 Aggregate compensatlon 48.115 41,003 £34,963 was also paid lo the two key management personnel for the provision of manse accomrnodation (2023.. iwo key management personnel received £28,800 for manse accommodatlon). 14 Other expendlture Unre8trlcted Unrestrlcted fund8 funds 2024 2023 Net loss on disposal of tanglble fixed assets 890 15- KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Taxatlon The charity Is exempt from taxatlon on its actlvities because all its Income is applied for charitable purposes. 18 Propertyi plant and equlpment Land and bullding• FIxtur￿. flttlng8 and •qulprMnt Total Cost At 1 Aprfl 2023 Additions Disposals 430,000 155,303 4,499 (14,272) 585,303 4,499 (14,272) At 31 March 2024 430.000 145,530 575,530 Depreclatlon and Impalm•nt At 1 Aprll 2023 Depreciation charged In the year Ellmlnated in respect of dlsposals 129,000 8,600 116,831 6,281 (12,901) 245,631 14,881 (12,901) At 31 March 2024 137,600 110,011 247,611 Carylng amount At 31 March 2024 292,400 35,519 327,919 At 31 Marth 2023 301.000 38,672 339,672 The Charlty has elected to use a prevlous GA4P revaluatlon {31 March 20081 of its freehold propety as the deemed cost of thgt property on the transition date in accordance with the transitional provision C(￿tained in sectlon 35.10 (d) of FRS102. The value used was provlded by Stlle5 Harold Williams on an 'exlsting use basis wlth vacant P05session' In accordance with the RICS valuation standards 6th edition. 17 Flxed asset Investmont8 Other Inveslment8 Cost or valuatlon At 1 April 2023 Additions At 31 March 2024 Carrying amount At 31 Marth 2024 At 31 March 2023 16- KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Flxed asset Investments {Contlnued 2024 2023 Other investments comprise.. Notes Investments in subsidiaries 26 18 Trade and othèr rncelvables 2024 2023 Amounts falllng due wlthln one year. Trade receivabl88 Amounts owed by subsidiary undertakings Other receivables Prepayments and accrued income 3.683 5,397 7,908 1,759 7,803 1,604 15,064 12,890 19 8orrowlng8 2024 2023 Bank loans 68.271 87,604 Payable wlthin one ye8r Payable after one year 22,277 45,994 18,650 68.954 The bank loan wlth Bardays Bank PIC Is secured by legal charg8 over State Hall, Statlon Road, Heathfield, East Sussex. The interest rate on the loan is the Bank of England base rate plus 2.9D/o and it is due to be fully repald In 2028-27. 20 Current Ilabllltie8 2024 2023 Notes Bank loans other taxation and social security Trade payables other payables Accruals and deferred Income 19 22,277 3,333 6,424 23 2,460 18,650 2,921 4,059 153 2,340 34,517 28,123 17- KC HEATHFIELD KNOWN AS KINGS CHURCH HEATHFIELD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Non