## **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 Assets**less 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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