KING’S COMMUNITY CHURCH
Registered Charity: 1106262
STATEMENT OF ACCOUNT
AND
INDEPENDENT EXAMINATION REPORT 12 MONTHS ENDED 31[ST] DECEMBER 2024
Luke Silver Accountancy & Taxation Services 25 Ellicombe Close Minehead Somerset TA24 6DQ
Tel: 01905 758736 Mobile: 07710 456376
E-mail: luke-silver@puresilver.org.uk
Independent Examiner’s Report on the Accounts
Accruals Accounts
Report to the trustees/members of King’s Community Church
Registered Charity Number 1106262
On the accounts for the 12 Months ended 31[st] December 2024
Set out on the following pages
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity¹s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to: examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
To keep accounting records in accordance with section 130 of the 2011 Act; and
-
• To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act Have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed L A Silver
Date: 30 June 2025
Luke Silver HNC Business & Finance Accountancy Practitioner
Accountancy & Taxation Services
25 Ellicombe Close, Minehead, Somerset. TA24 6DQ
Independent Examiners Report to the Trustees
Introduction
Thank you for submitting the accounts for independent examination. They have been well maintained and the treasurer and others responsible are to be commended for their hard work. Therefore I will keep my comments to a minimum.
Charity Law and Financial Regulations
The independent examination has been carried out in accordance with the Charities (Accounts and Reports) Regulations 1995 (Statutory Instruments No 2724) and the Accounting by Charities Statement of Recommended Practice (SORP).
Signing of Accounts
I shall be obliged if you will please forward a copy of the signature page for my records after the accounts have been signed by a representative appointed by the Trustees.
Conclusion
There are no other matters I feel need to be brought to your attention.
Please do not hesitate to contact me for further clarification or for further assistance.
Luke Silver
Date: 30 June 2025
KING’S COMMUNITY CHURCH
Report of the Trustees 12 Months Ended 31[st] December 2024
The trustees during the year were as follows:
Matt Nott
Kath Tranter
Heidi Johnson
Sue Nelson
Debbie White
Alison Fentem
Statement
We certify that the books, vouchers and information produced to enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief.
SIGNED ON BEHALF OF THE TRUSTEES
Please print name: ______ Date ____
King's Community Church
Statement of Financial Activities for the year ended 31st December 2024
| Notes Incoming Resources Incoming Resources from Generated Funds Voluntary Income Incoming Resources from Charitable Activities Activities in Advancement of the Christian Faith Investment Income Other Incoming Resources Total Incoming Resources Resources Expended Charitable Activities Activities in Advancement of the Christian Faith Governance Costs Total Resources Expended Net Incoming / (Outgoing) Resources before Transfers Fund Balances b/fwd at 01.01.24 Transfers Gains and Losses Building Valuation Fund Balances c/fwd at 31.12.24 |
Unrestricted Designated Restricted Total Total Funds Funds Funds 2024 2024 2024 31.12.24 31.12.23 £ £ £ £ £ 101,435 0 0 101,435 96,086 45,248 0 0 45,248 49,121 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 146,683 0 0 146,683 145,207 |
|
| 157,812 0 0 157,812 144,569 1,050 0 0 1,050 1,050 |
|
| 158,862 0 0 158,862 145,619 |
|
| (12,179) 0 0 (12,179) (412) |
|
| 33,376 0 3,403 36,779 37,191 0 0 0 0 0 0 0 0 0 0 |
|
| 21,197 0 3,403 24,600 36,779 |
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King's Community Church
| Balance Sheet Notes Fixed Assets Tangible Assets Current Assets Debtors Cash at Bank & In Hand Creditors:amounts falling due within one year Net Current Assets Total Assetsless current liabilities Net Assets Capital and Reserves Funds: General Fund Restricted Funds 5 |
Unrestricted Restricted Funds Funds £ £ £ 46 0 46 46 0 46 0 0 0 24,554 0 24,554 24,554 0 24,554 0 0 0 24,554 0 24,554 24,600 0 24,600 24,600 0 24,600 21,197 3,403 24,600 2024 |
2023 £ 66 |
|---|---|---|
| 66 0 36,713 |
||
| 36,713 0 |
||
| 36,713 | ||
| 36,779 | ||
| 36,779 | ||
| 33,376 3,403 |
||
| 36,779 |
The financial statements were approved by the Board of Trustees on TBA 2025 and were signed on its behalf by:
X - Trustee
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King's Community Church
Notes to the Accounts for the year ended 31st December 2024
1.Accounting Policies
Accounting Convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receiveable. Grants where entitlement is not conditional on the delivery of a specific performace by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilties are included at the value to the charity where this can be quantified. The value of the services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for purchases of fixed assets, are recognised in full in the statement of financial activities in the year that they are receivable.
Income from investments in included in the year in which it is receivable.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 30% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fundsa are raised for particluar restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pensions costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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2. Trustees Remuneration and Benefits
| Trustees' Salaries 3. Staff Costs Wages and Salaries Pension Contributions The average monthly number of employees during the year was as follows: Employees 4. Tangible Fixed Assets Cost at 1 January 2024 and 31 December 2024 Depreciation At 1 January 2024 Charge for year At 31 December 2024 Net Book Value At 31 December 2024 At 31 December 2023 5. Debtors: Amounts Falling Due Within One Year Other Debtors 6. Creditors: Amounts Falling Due Within One Year Taxation and National Insurance Other Creditors |
2024 £ 47,559 2023 £ 72,518 8,612 81,130 5 2024 £ 0 2024 £ 0 0 0 |
2023 £ 43,661 |
|---|---|---|
| 2022 £ 77,661 8,212 |
||
| 85,873 | ||
| 5 | ||
| Fixtures & Fittings £ 12,737 |
||
| 12,671 20 |
||
| 12,691 | ||
| 46 66 2023 £ 0 |
||
| 2023 £ 0 0 |
||
| 0 |
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7. Movement in funds
| 7. Movement in funds | |
|---|---|
| Unrestricted Funds Activities in advancement of the christian faith Restricted Funds Care fund Thailand funds Associate Ministry Other special giving Ministry Fund Total Funds |
Balance Net Transfer Balance 01-Jan-24 Movement Between 31-Dec-24 in Funds Funds £ £ £ £ 21,187 (12,179) 0 9,008 2,281 0 0 2,281 550 0 0 550 1,154 0 0 1,154 5,240 0 0 5,240 6,564 0 0 6,564 |
| 15,789 0 0 15,789 |
|
| 36,976 (12,179) 0 24,797 |
8. Ultimate Controlling Party
There is no ultimate controlling party.
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King's Community Church
Detailed Statement of Financial Activities for the year ended 31st December 2024
| Incoming Resources Voluntary income Sunday Offerings Standing Order Offerings Gift Aid Gifts Ministry Fund Incoming Resources from Charitable Activities Grants Other Income from Charitable Activities Total Incoming Resources Resources Expended Charitable Activities Ministry Expenses Youth Ministry Other Activities Expenditure CAP Expenses Governance Costs Independent Examiner's Fees Support Costs Management Trustees' Salaries Staff Costs National Insurance Costs Pension Costs Insurance Light & Heat Communication and Information Technology Other Establishment Costs Repairs & Maintenance Bank Charges Gifts & Subscriptions Cole Trust Special / Other Depreciation & Impairment Total Resources Expended Net income / (expenditure) |
2024 £ 5,155 68,959 13,090 11,946 2,285 101,435 1,822 43,426 146,683 2,609 0 20,697 23,306 1,050 47,559 24,959 13,318 8,612 6,048 22,778 1,921 3,329 4,020 178 346 0 1,418 20 134,506 158,862 (12,179) |
2023 £ 2,527 69,634 15,164 4,556 4,205 |
|---|---|---|
| 96,086 8,752 40,369 |
||
| 145,207 4,311 0 240 12,933 |
||
| 17,484 1,050 43,661 34,000 12,703 8,212 5,413 12,044 2,688 4,185 2,056 159 0 1,007 929 28 |
||
| 127,085 | ||
| 145,619 | ||
| (412) |
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