King's Church Darlington
(A company limited by guarantee)
Report and Financial Statements
For the Year ended 31 December 2023
Company Roglstration Number: 5670530
Charlty Number: 1113455

King's Church Darlington
Financial Statements for the Year ended 31 December 2023
Contsnts
Reference and Admlnistrative Information
Dlrectors Report
Independent Examinerfs Report to the Members
Stslement of Financlal Activities
Balance Sheet
Cash Flows
Notes fomiing part of the Finawal Statements
10
11
12
13
14-27

King's Church Darllngton
R•forenc• and Admlnlstratlve Inforn)atlon
Charity name:
King's Church Dartington
5670530
Company reglstratlon number.
Charlty rgglstratlon number.
1113455
R•gistarqd Offl¢• and oporatlonal addw•:
The King's Centre
Prospect Place
INh8ssoe Road
Darlington
Co Durham
DL3 OQT
Directovs and Tru8tO08 of tho Charlty
Mr M Coltman
Mrs A Cooley
Mr RP Davison
Mr GJ Ken￿ Ireslgn6d 31 May 20231
Mr JC Lambert {appolnted 26 November 2023)
Mrs J Salt
Mr MA Sow8rby
Mr ST Ward (resigned 31 December 2023)
L•ad•r8hlp Toam
Chalr
Mr M Coltman
Mrs J Coltman
Mr RP Davison
Mrs M Davison
Mr GJ Kennedy
Mrs EA Kennedy
Mr C Cooley
Mrs A Cooley
Mr PJ Hlllsdon
Mrs S Hlllsdon
Mr JC Lambort
Le￿1 Elder
Elder
Elder (resigned 31 May 2023)
(resigned 31 May 2023)
Elder (appointed 26 November
2023)
Mrs K Lambert
Company Se¢rotary
Mr MA Sowerby
Ind•pendent Examln•r
Abacus Bean, Level Q Offices,
Surtees
Business
Park,
Stockton-on-Tees TS18 3HR
Bankers
Unty Trust Bank, Nine Brindley
Place, Blmiingham B12HB
Solicitors
Close Thcynton. 2 Duke Street,
Darflngton DL3 7AB

King's Church Darllngton
Dirgclor6' Report for the Y•ar •nd•d 31 DeGomber 2023
The Dir￿¥$ of the ¢harltsble company are its Trustees for the purpose of charlty law. and
throughout the report are collectivety referred to as the Trustees.
The Trustees present their report. together with the ind8pendently examined financi
stslements for the year ended 31 December 2023.
The Trustees cOnfi￿n that th8 report and financial slalemenls of the charity have been prepared
In accorilanc8 with the charity's goveming docU￿￿nt, the Companies Act 2006 and'Accounling
and Re[￿lftg by Chariti95: Statement of Recommended Practice applicable to ch8riti8s
preparing accounts in accordan￿ with the Financhgl ReFXXting Stan¢Jard apFlicable in the
UK and Republ￿ of Ireland IFRS102) (effective 1 January 2019)"
Stru¢ture, G0vem￿O and Manag•mont
Gov4¥nin Do¢ument
Klng's Church D¥lington is a company limited by guarantee and registered with the Charity
Comml$sion {No.1113455). The company was Incorporated on 10 January 2(KJ6 and its
govern1￿ do¢)Jmgnt is the Memorandum and Artlcles of As80cSatlon dated 24 November 2005.
Re¢rultment and A
intmenl of Board of Tru8te8s
The Church Elders, who a￿ responslble for the day lo day runnlng of the Church, appoint the
Trugtees. The Board of Trustees serving during 2023 were:
Mr M Coltman - Mithael has been involved in church leadership for over 15 year5, as a youth
leader and, for the last 6 years, on the Eldership of a ch￿￿h. Michael was p￿ViouslY leading
a church In Ontario Canada before taklng the lead elder role at King's Church 2021. Prior to
church employment Michael was workirKJ In Quality Assurance for EE. He is also a qualffied
¢))unselk¢.
Mrs A Cooley- An￿ has been attending Kings Church sIr￿e 201 S arKI has b8en involved wrth
the children's work, part of the team worklng with the ladies of the churth, and is one of the
ganisefs of the annual Kings Christmas Craft Market. Along with her husband. she has taken
out teams lo Uganda from all over the UK. includiw from Kings Church. She is also a founder
trustee of a charity working into Uganda. Anne was a sch¢x4 senior leathr and teacher of 40
years, experience and abo worked In Teather Training with York St John University.
Mr RP Davlson - Paul was th8 Deputy Olreclor for Health Protection North East for Publrc
Health England until his retirement In October 2019. He now has a national role working on
environmental public heaith, sustainability and dimate change. H8 became an el(ier in June
2009 and his responsiblllties at King's Church include leading a worship band and
preachinglleaching. Paul is Chair of Trustees.
Mr GJ KgnTredy - Graham has been attending Klngs Church ¥ince 1998. and ha$ been
irwolved in youth work, alpha courses and 1$ part of the worship team. He was made an Elder
In 2019. Graham was employed as a lecturer al 8ishopAuc￿aTrd College, where he had worked
for over 20 yoars teaching hospitalty and e2teTing. From 1 June 2021 until 31* May 2023
Graham was amployed as a full-time elder.
r JC Lambort- John ha5 been Invdved in mission and church leadership since 19￿ t%)th in
Paris, France. and in the north easl of England. John and his wlfe, Kathie. who Is 2 hospic8
nurse, have four grown up Children. who now live in three dfferent countries. John like$ leaming
languages, music, running and readlng. He Is a former Church of EThJland mirtrister and has
been an elder at King's Chur¢h Darlington since Novemtser 2023.

King's Church Darflngton
DIr￿tOrs. Roport tor the Year •nded 31 D•¢emb•r 2023
Structurg, Govemance Managemenl (eontlnu•d)
rs J Salt - Jenny has been Involved at Klng's Church since 1998. During hw lime at Kin￿5
Church, $he has served as a Children's group leader and in the worship band. She has worked
a5 a primary School teacher for almost 10 years and leads the music curriculum at her school.
Mr MA Soworby- Mark h88 be8n a member of thè Chur¢h, and ts former Charlty since 1993
and has held poshlons as the church Accountant and Trustee during that pariod. He is
Chartered Accountant and works as Group Flnance Director in an international Construclion
Consultancy.
Mr ST Ward- Steve has been a member of the church Sirte ils fonnation and has served in
number of roles includlng preaching. small group leadership and as head of muslc. He became
an elder of the thurch In October 2019. He is an experienced IT manager and BUS1r￿SS
Consultant. Now retired from full-tim& employment, he conlinu8s to F)n)vlde l)u8iness advice
and mentoring in a consulting capacty. Steve stepped down as a Twstee on 31 &1 December
2023, followng a rel￿at￿n away from Darlington.
Tn￿lee Induction and Tralni
Most Trustees have wevlously sèrved in positions of ￿spOnSibl11fy wlthin churches aThJ
Charities. All are familiar wlth the working of King's Church Dadington. being Church membws
and holding va￿ou5 position$ of responsibility. Al Trullees have received a copy of the
M8moran(Jum and Artides and are familiar with their contents. M. Sowerby has served as a
Director of companies in his professionallrfo and is familiar wlth the workingg of Companies ar*
reporting requirements. Trustees make use of Charity commission website to maintsin their
knO￿edge ofcurrent developments.
Risk Man
ement
The company inherfled a valid Risk Assessment from the f￿Mer Charity. Following the
relocation of the Church Into the King's Centre in June 2006 a review of risks associated with
the property was perfonned and the Risk Register upJ8led. We were fortunate to be assisted
by a Church member whose professlonal lrfe is very much wncerne(i wlth carying out risk
assessments for large ￿ganIsat￿nS. A fomial review of ts risk register L8 perfornied on an
annual basis.
The Church is a180 advised by a kxal Insurance Broker who spgcialises in church matters and
who has been able lo visit and discuss our changing needs. This has proved invaluable and
has enhanced our risk management prctess.
anisalional Stru¢ture
The Twslees hold quarterfy Board meetings. Outstde of the Board Meellngs 8 number of sub-
mmitt88s exist to ensu￿ the Smooth running of the Church. Thege committees are chalred
by members of the Board and include olh8r members of the Church wheTe appropriate 5ki118
are available. Th& key committees are:
Remuntrration Commltt•o - To review all aswGls of eM￿0Ye8 terms and ￿nditionS and
make recommendations lo the Board for approval. Paid membws of the Board are not
pemiitted to vote on issues relating lo thèir own remunerallon. It is chare(i by RP Davison and
members during 2023 include M Sowerby and S Ward. The Twstees receive no ben8frts from
th8 Church in Ihelr capacity as Trustees and gNe their Ilme volunlarlty. Details of Trustee
remuneratlon and expenses in relation to services as Eidefs 1$ disclosed In note g to the
financial ststements.

Klng's Church Darllngton
Dlrgctor8' Report for the Yoar ended 31 Docgrnber 2023
Structur•, Governance and Management {contlnuedl
Finance Commltteo - The ffi￿ar￿8 ¢ommlltee meets. 88 required, In the two months between
board meellngs. The group comprises, M Collman, M Sowerby, JC Lambert and RP Davlson,
and monmors the day lo day finarKe5 of the C￿rch. dealing Ilnancial matters arising
between Board Meetlngs.
R lated Partle8
The Church is a member of the Evang81ical Alliance and Is affiliated to a worldwide netwc*k of
churches known as Newfronliers.
ObJo¢tlva8 and Actlvltles
The ¢harity exists lo advance the Christian faith and also bring relief to persons in condition¥ of
need, hardship or distwss, or who are aged or stk. Further objectives are the advancement
of education on the basls of Christian principles. and lo provide or assist in the provision of
facilhles in the interests of social welfare.
The Trustees have referred to the guid8n¢e contsined in the Charity Commi8slon's genersl
guidance on public benefit when revlewlng the charty's airn5 and obje¢lives and in plannin9
future a¢b'vilies. In particular, the Trustees consider how planne(l activitles will contribute lo the
aims and objectives they have set.
The slrategres employed lo further charltable purposes for the public benefrt are..
Sunday w¢Yship and other meetings whrch are helcl al the Klng's Cent￿. Darlinglon. The
building is in the Whessoe Road area of Darfington and provides an active and digtinctive
basè within g community in need of soclal regenèration.
A ngtsvork of mldweek groups ILIFE Groups). whlch meet on a weekty b8$is in varlous
homes and the King'8 Centre. They provide a supporuve environment In which members
can develop relation8hips and provide a platfom? for outreach inlo the wder community.
Running dlscipleship and outreach courses and carylng out weekly and monthly groups
for adults and youth. Including mentsl health support group.
Supportrng the work of Sole Hope Uganda. a ¢harty working within educatlon. mediclne
and special needs in Uganda.
Supporting the work of a church in Rofflania as It houses and looks to rfrhome Ukrainian
refugees.
Th8 Church operates a Furniture recycling scheme, whrch recetves and ￿lleCt8 donated
furniture, renovates and stores as requlred. and d81ivers lo those who purchase.
The Food bank now supports one other venue in town 8$ W811 as the King's Centre base
where food ts stored and dislrfbuted to over 5t)) peopl& per w&ek over a fiv&day weekly
period.
The King's Cafe whlch is open to the public on a Monday lo Friday in the King's Centre.
Klng's Sports hosts wee￿Y Pilates class88. uslng our maln hall.
wee￿ youth group whkh also attands summer camps.
A weekly baby and toddler group for the local community.
Achlévoments and Porf0rn7an
As a church we are pleased to see signrficant growth in attendance across a range of ehurch
activit￿$ and the continued increase of members. We have seen an intxease in those attending
Sunday moming meetings and our youth and childr&n's work, ￿th a large part of the
demographlc of the church becoming younger and attracting more famllies.
We have also seen increased dema￿1 with our free to attend, Monday night youth group that
we offer lo the church and those in the ¢ommunity around us, and with attendees a150 from
other churches in D8rlington.

Klng'8 Church Darllngton
Dlroctor8' Roport for tho Year ènded 31 D•c•mbor 2023
Achi•v•mwts and P•rfom7an¢e (contlnuadl
The foodbank has seen more need for Ihelr services in the midst of a '¢ost of livlng crlsis. and
in the last year provlded over 150,000 indivldual meals to the servlce user8. The Furniture
Scheme has also continued to be well used by the communty of Darlinglon and the surrounding
areas.
In the year, we had t1￿ oppNtunlty lo host the Christ Central internathjnal conference at the
eentre and this proved to be a great Suc￿83. W8 also hosted a worren's Conferen￿ led by
Lou Fellingham, a renowned worship leader.
Flnandal Revl•w
The results show a net expenditure of £150k compared to £29k in 2022. Restricted funds
represent £81k of this year-on-year ¥￿ance wllh funds rÈceived in previous periods being
disbursed in 2023. Nel expeThJilure on unrestricted funds wa5 £125k which was £41 k above
2022 ￿e1$. The result is afier bearing depreciation of £99k such that Unrestrthd Earnln98
before Interest, Tax and Depreaalion are a negative £10k.
Unrestricted Ir￿ome increased by £39k lo £554k wrth trading activities up by £30k and fUmI￿re
donallons by £23k. Covid recovery gr8nls of £10k rece￿ed in 2022 were not repealed in 2023.
The higher level of trading actlvkies predominanlty relate lo the Café and Fumilure recycling
scheme. We remaln grateful to Church members who continue to donate It￿Ugh a dIff￿ult
perrod.
The htgher level of actlvity also resulted in higher unrestdcted ¢osts, which We￿ up by £80k to
£679k. Furniture Scheme c09ts were up by £25k and café costs by £10k. Property costs are
up by £27k in the year due to hhJher energy costs. W• continued to adopt a very prudent
approach to discTrtionary exp8ndhure.
Restricted income was down by £33k on 2022 levels at £99k, due lo a lower levd of grant
income. Restrict￿ expenditure wag £48k aLwJve that inCU￿ed In 2022 prlmarily (iue to C￿1$
expended agalnsl FocKibank grants received in previous periods.
Closing unrestrlcted fvnds were £35k. however this figure includes fixed assets of £255k of
which £225k r8lates to the ￿ng'S Centre arK1 the related building improvements. The Church
has a finan￿ lease liabilty of £266k. essentially secured against the bulldiro. Nel C￿￿ent
assets, IheTrfcffe, represent a fairer pictu￿ of the day lo day health of the Church financey and
availability of fuTKfs. Unr&stricted net current assets ar8 £16k which are down from £74k in
2022.
ClosirvJ reStr￿ted funds. all held in cash, were £68k of which £9k relates lo grant funding carried
f￿ard and £59k to Foodbank donations.

King's Church Darflngton
Dir•¢tor8' Report for tho Year •nded 31 Decamb•r 2023
Financial R•viow {conL)
Ke Activities
Outsido of rMnal meetings and activities the Church is investing In four init18tlves'. the Furniture
Stheme, the Café, King's Sports and the Foodbank. The table belt)w summarises thè running
costs of these activttles and how these costs have boen funded..
Furnhure
Scheme
£'ooo
Klng'8
Sport8
Foodbank
Costs..
Salary Costs
Other Direct Costs
Alo¢aled Overheads
£'ooo
£'ooo
38
23
16
77
24
18
128
45
237
Funded by:
Voluntary Glfts
Benefrts in Kln(i
Grant income
Trading Ir￿oMe
Church Funds
Rgstricled Funds
81
118
29
120
(3}
62
14
{11
16
237
Allocated overt￿d$ repre￿t a share of ac¢ommodalk)n o)sls. based upon spa¢e usage and
other overhead as relevant. Voluntary grfts are amounts recelved for th• stwrfic activity.
Church Funds represents t￿ shortfall in funding from sources of Incom6 specrfic to the activlly
aThJ 1$ therefore the amount requlred to bg funded from unrestricted Church funds.
Outi
Despite the economlc uncertainty, the outlook for 2024 remains positive with income levels
rdatively robust and expenditure under control. We continue to be well SUPFthed by a mixture
of committed employees and volunteers and we remain vigllant lo changes In income and cost
Igvels.
Princi
l Fundln
Sou
The main source of income lo the Church is through grfts and donations recelved from Church
members. W& are also able lo sublet some offices al the Church premises. Incidentsl income
is rec8wed through reimbursement for some specrfic, and more costly Church events. Major
G9Pit81 proJe¢ts are usually fvnded from gfft d8ys aThJ grants.
Inv
strnent Polic
The Church alms lo hold minimal levets of cash reserves and thus $urplus funds are retaln8d
In hlgher interest deposlt accounts.

King's Church Darfln9ton
Dlroctors, Roport for the Year ended 31 D8¢omb•r 2023
Flnanclal Rovigw Icont.)
Reserves Poli
Church Trustees have establlshed a poll¢y of ensuring that the Charity retalns a mlnlmum
level of cash equivalent to belwe8n 2 and 3 month5 normal expenditure. Al 31 December 2023
this target was estimated at bets•￿en £60k and £80k. Closing unreslri¢ted cash funds al
DeC￿b9r 2023 were £58k, of which £10k related to a legacy received In 2018. The Trustees
are keen lo ensure that this legacy Is used for the future development of the Church Ihough the
training and development of new leaders and leveraglng the capacity of the King's Centre
faolities in the advancement of the Churches key objectives. A decision was taken to Inc￿aSe
funds thrwgh a gift day. held in May 2024, which increased fvnds by circa £33k.
Plans for Futur• Perlods
er the last ￿e1ve monlhs it has been en¢xufagiro to see church growth and lo look al the
community and serv￿eS we have begn able Io txovSde. We have seen growth in our Sunday
morning galherlng5 as we attrad more young families as a church.
We also have been encourag&Y by attèndance to other weekly groups that we have providgd
and going forward we will look to conlinug lo support these groups. Care & Share, tyjr mental
health group, 8 knitting group, 8 toddl8rs group have been successful in rea¢hing the
Gommunty. We have also establlshed a nèw group, 'Taste & See,, which Fffovldes a safe space
for users of the foodbank to recelve a free hol meal and to hear about the beliefs of the church.
Our fwJ$ on the year ahead is to 'Love God, Love Others and Make Dlsciples, by..
Conllnuing to see growth and sustainability In 011 of the projects mentioned above.
To grThv the outreach of youth work and se& growth in attendance to all our youth and
children's work.
We will run more children'$ groups for th6 local communty, Induding a summer ¢lub for
outreach and chlldren's celebrations.
U$e of our facilit￿ to provide a grgaler divwsty with events and 5ervl¢es catering for all
Raising the finance to accomplish thi8 Imth t1￿ desire of gwling money lo wcythwhile causes
in both the U.K. and Overseas.
To support Christ Central church plants, including Gothènburg (Sweden), Chemnitz
(Ggrrnany}. Siem Reap Icambodlal. and Hallfax (Can8d81.
To preath the good news of Jesus and see people joln th8 ChU￿h famlly.

Klng's Church Darllngton
Dlrnctors. Report forthe Year •nded 31 Dec•mber 2023
Trustws, respon81bllllles statemont
The trustees (who are also directors of King's Church Dartington for the purposes of company
lawl are responsible for preparing the Trustees, Annual Report and thg financial statements in
accor(lance wSlh appllcable law and Untted Klngdom Accounting Standards (United Kingdom
Genèrally Accepted Accountlng Pr8cIic81.
Company arKI charity law requlres the trustees to rxepare fina￿181 statements for each financial
year, whrch give a true and fair view of the slate of affalrs of the charitable company and of the
incoming resources and application of resovrces, including the Income 3nd expendlture. of the
charltable company for that period. In preparing these financi81 statements, the trustees are
requlred to."
select sultable accounting polici8s and then apply Ihem conslsl6nly;
observe the methods and principles in the Charities SORP.,
make judgements ané estlmates that are reasonab18 and prudent..
prepare the financial slalements on the going concern basis unl8ss It 18 inappropriate
to presume that the charitablg company will contlnue in operation.
state whether applicable actsjunling standards have been followed subject to any
malerlal departures disdosed and explained in the financial statements.
The Iruslg8s are responslble for keeplng adequate accountlng re￿rdS that dlsclose with
reasonable accuracy at any lime the financial position of the ¢haritabt8 company and enable
them lo ensure that the financi81 statements comply with the Companies Act 2006. They are
also responsible for safeguarding the a$$ets of the charitable Compsny and hence for taking
reasonable steps for the prevention and detecllon of fraud and other irregularllies.
Stat•m•nl of dlsc108ur• to Ind•p•nd•nt Examlnor
In so far as the trustees are aware:
there is no relevant information of which the charitable company's independent
examiner is unaware..
the trustees have taken all steps that they ought lo have taken to make themsefves
awaTr of any relevant information and lo establish that the independent examiner is
aware of that inforrnalion.
In preparing this report, the Iruslees have taken advantage of the small companies exemptlcns
provided by se￿10n 415A of the Companres A¢t 2006.
This report was approved by the trustees on 1Ph September 2024 and is signed on their
behalf by".
Mr RP Davl8on
Chair of Tru

King'$ Church Darllngton
Ind•pondent EXamI￿r,0 report to the trustees of Klng's Church Darlington
I report lo the charity trustees on my examlnalion of the accounts of the company for the year
ended 31 December 2023 which are sel out on pages 1110 27.
Responsibilitles and b8518 of report
As the charrty Iruslees of the oompany (and also ils directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with the requirements of
thg Companies Act 2006 {'the 2006 Act'l.
Having sati$fied myself that the arLourrts of the company are not required to be audited under
Part 16 of Ihe 2006 Act and are eligible for Independent ex8minallon, I report in respect of my
exarnination of your company's accounts as carried out under section 145 of the Charities A
2011 I'the 2011 Act,). In carrying out my examinats'on I have followed the Directions given by
the Charity Commlssion undgr Section 145(51{b) of the 2011 Act.
Independent oxamlnerfs stal?mgnt
Since th& company's gr05s income exceeded £250.000 your examiner must be 8 member of a
body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the
examination because l am a member of the ICAEW which 18 one of the listed bodies.
I have completed my examinallon. I confimi that rm) mallers have come lo my attention in
connection with the examination givlng me cause to b&ll8ve that in 8ny material respect..
accounting records werg not kept In r8sF￿t of the company as reqLtlred by section 386 of
the 2006 Act", or
the accounts do not a¢wrd with those records., or
the acÉounls do not comply with the accounting requlrements of secuon 396 of the 2006
Act other than any requirement that the accounts give a Xrue and fair view, which is not
matter considered as part of an inde￿ndent examination.. or
the accounts have not been prepared In aCCordar￿e with ￿ methods and principles of
the Statement of Recommended Practice for accounting and reportlng by charities
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republi¢ of Ireland (FRS 102).
I have no concerns and have come a¢ros5 no other matters in conTrectkJn wth the examination
to whrch allenlron should be drawn in this report in order io enable a proper understanding of
the accounts to be rexhed.
Beverley Goodall 8A BFP FCA
AbacusBean Limited
Level a Offices
Surtees Business Park
Siocklon-on-Tees
TS18 3HR
Date:
IqlaLk
10-

Klng'$ Church Darflngton
Stal•ment of Flnanclal A¢tivltles (including Incomo & Expendttur• Account) for th•
Year endod 31 December 2023
Year onded 31 December 2023
Unro8tricted Restrfcted Total
Funds
Funds
FurHIs
Yoar •ndgd
31 Dec•mber
2022
Income and endowmonts
from:
DOnat￿n and legacies
Rental in¢ome
Investment income
343,371
12,700
3.691
98,8
442,261
12,700
3,691
469,843
12.500
1,122
Charitable actlvltle8
Church events
194.484
194.484
164,140
Total inGom• and endo￿nents
554.246
98.890
653,136
647.605
Expendlturo on:
Raising funds
Costs of generating rental
income
Charitable acttvitrg5
Governan￿ costs
3,410
7,567
3,410
7,567
3.198
6.350
662,098
5.760
124,452
786,550
5,760
661,868
5,238
Totsl •xp•ndituro
678,835
124,452
803,287
676.e52
Net {•xpenditur•yln¢ome
{124.5891
125.562) 1150.151)
{18,1701
129,0471
Transfer belween funds
18.170
Net mov•m•nt in funds
43,732
150.151
29.047
R•con¢iliatlon of funds
Funds broLbJht forward
141,906
112,228
254,134
283.181
Total funds ¢arrled fov¥Yard
35.487
The notes on ￿ge8 14 to 27 form part of the financial Statements.
The statement of financial actNltles includes all gairn and losses recognised in the year.
All income and expgnditure derive from contlnulng activllles.
The statement of finanual activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
11

King's Church Darfington
Balance Sheel as at 31 Decembor 2023
31 Do¢omber 2023
31 December 2022
Tangible Fixed Assets
12
254,825
334,132
Currnnt Ag￿lS
DeblotS
Cash at bank and In hand
13
14,113
126.442
140,55S
(56,147)
13.972
223.￿1
237,873
(51,785)
Cr8dltors'. a￿￿￿ntS fairing due
within one year
14
Net Current Assets
186,088
Total Assets195s Currnnt
liabilities
339,233
520,220
Credltors.. a￿K)Unts falling due after
one year
15
(235.250)
66,088)
Nèt A￿ts
103,983
254.134
Charlty Funds
Unrestricted fijndg
Restslctad fibnds
17
17
35,487
68,498
141.906
112.228
Total Funds
103,983
254,134
The notes on pages 14 to 27 form part of the financial stslements.
The company is entitled to the exemph'on from the audit requirement Contain￿ In 58ction 477
ofthe Companl8s Act2006, fortheyearended 31 De¢ember2023. No memberofthecompany
has depos￿ed 8 nthce. pursuant to se￿10n 475, requiring an a￿141 of these accounts.
Th8 ttustees acknowledge thelr responsibilits'es for ensuring that the charity keeps accounting
records which compty w￿h sectlon 386 of the Act and for preparing financia5 statements which
glve a true and fair vl8w of the state of affairs ofthe company as at the end of the financial year
and of its incoming resources and application of r8sour¢es, including Its income and
expetKliture. for th8 financlal yaar In accordance with the requirements of sectbons 394 and 395
and which otherwise compty with the requlrements of the Companies Act 2006 relating to
financlal statements, so far as applicab18 to the company.
Tho ffnanolal ststements hava been prepared in accotd8nce with the provisions appfic8ble to
Companles Subject lo the small companies. regime.
The flnancial statements were approved afwj authorised for issue by the Board of Trustees on
17th September 2024 and skJned on their behalf by-.
Mr MA Sowe
Trustee
Company Registration number: 5670530
Charity rogistratioTr numb•r: 1113455
72-

Klng's Chur¢h Darllngton
Cash Flow Statemont for tho Year ondgd 31 De¢ombor 2023
Y•ar •rKled 31 Docember 2023
Unrnstricted Restrlct¢d
Total
Funds
Funds
Funds
Year onded
31 D0￿mbar
2022
Notes
Not Gash piovlded
byl(usod In) opgratlng
activitlos:
9.057
{43,7321 (34,675)
86,766
Cash flows from other
Proceeds from Sale off￿ad
assets
Appllcalion of caBh.'
Purchase of fixeé assets
Sale of fixed assets
Payment of inter8St on
borrowing
Repayment of borrowlng
(20,702)
2,419
{20.702)
2,419
15,997}
{15.548
(28.953)
{15,548)
(28.9531
{17,433)
127,0671
N•1 inGrgasd{d•Grga8el In cash:
(S3.727)
(43,732) (97,459)
36,289
Cash al the beginning of the
year
111,673
112,228
223,901
187,632
Cash at th• ond of the year
57,946
68,496
126.442
223.W1
The notes on pages 14 to 27 fomi part of the financial Slalements.
13-

Klng'8 Church Darllngton
Nolo¥ fomilng part of tho Flnanclal Statemonts for the Year onded 31 December 2023
Ar￿untIng pollcles
The principal acC￿nting pol￿1e$ are summarised below. Tl* accountlro policies have
been applK8d consistently throughout the year and in the preceding financial year.
Basis of a¢¢ountlng
The final￿181 statements have been ryepartsj under the historlcal cost eonvention and
in aC￿rdanCe with the Companies Act 2006 8nd 'Accounling and Reporting by
Charili85.' Sialement of Recommended Practice applicable to charities preparing their
accounts in aGGordan¢e with the Financial Reporting Slan¢Jard applicable in the UK and
Republic of Ireland {FRS102) (effective 1 January 2019).. The charity is a Publlc Benéfit
Enlty as defined by FFiS102.
(a)
The a¢counls ar8 prepared in slerling, whtch is the fijnctional currency of the charitable
company. Monetary amounts In these ffinancial sta19ments are rounded to the near8st
£1.
(b)
Company status
The Charity 18 a company limited by gu8rantee. The members of the company are the
trusleey named on page 2. In the event of the Charity being wound up. the liabilty In
resp￿1 of the guarantee 1$ limited to £1 per member of th8 Charity.
Fund accountlng
Unrestrlcled funds are available for use at Ihe dlscrelion of the trustees in furtherance
of the general objectives of th8 ChU￿h.
Restricted funds are subject to reslriclions on their expgnditure imposed by the donor
or through IPE temi8 of an appeal.
When th8 restrictions placed on ￿$trict￿￿ funds have been removed. 8 transfor is made
from restrlcled funds to unrestrlcted fund5.
(d}
Incomlng re8ource8
All incoming resources are induded in the Statement of Financw Aclivttles when the
harity is grrtMed to the irwme and the amount can be quant￿ed with reasonable
accuracy. The fdlowng specrfic pollcies are applied to the partlcular categories of
Ir￿Me.
Voluntary income is re￿Ived by way of grants, donations and gmts and is induded
in full in Ihe Stsiement of Financial Activities when r8ceNable. Grants, wh8re
enlitlemenl i8 not condlllonal on the delivery of a speclfic performance by the
Church. are recognised when the charity becomes unconditionaliy entitled lo the
ant.
Donated servi￿3 and facilities a￿ included al the valu8 to the Church where this
¢an be quanlffied. The value of seivices provided by volunleerg has not been
Induded in these financial statements. The value of f¢)od and furn￿re recelved
and subsequenuy donated have not been included in these financl81 statements.
Rental irthme Is acc￿nted for when It becomes receivable.
Investment income is included when receivable.
-14-

King's Church Darllngton
Note• fomilng part of tho Flnan¢ial Statwnents for the Ygar end•d 31 D•c•mber 2023
Accountlng pollcles Icont.)
Incoming re80vr￿ {cont.)
Incoming res￿rceS for charitable trading actfvlty are 8cccMJnted for when they are
eamed.
Incoming r&sources from grants, where relaled to perftymance arKI speclfic
delNerables, are &wunled for as the Church earns the right lo consideration by
its performants.
For legacies, ent￿ement is the earfier of the tharrty being notified of an impending
distribution OT the legacy being received. Al this point income 1$ recognised. Where
legaci8s have been nolrfied to th8 charity however il is not possible to measure the
amount exp8cled lo b8 distributed, the legacy is Irealed as a contingent asset and
disclosed.
Re8ourco8 exponded
Expenditure Is ￿c￿JnI5ed on 8n accruals basis a8 a liabilty is ir￿rred. Expendlture
includes any VAT which cannot b& recovered. arKI Is reported as part ofthe gxpendtture
lo whlch il relate$:
Costs of generating fvnds ¢omprise the costs associated with attwliDg volun
Income and the costs of generating rental income.
Charitable exp8nditure comwises those costs Incurred by the Church in the
dellvery of its actrvitie5 and services for Ils beneficlaries. 11 in¢ludes both costs that
can be allocat¢d dire¢tiy lo su¢h activitles and Costs of an indirect nalure
necessary lo suptM)rt Ihem.
Govemance costs Indude th& costs a$s￿l8ted with meellng congtilulional and
statutory requlromenls of the Church and include the independent examiner fees
and ojsts linked lo the Stralegk management of the Chur¢h.
All costs are allocated between the expendtture categories of the Statement of
Activities on a basis designed lo reflect the use of the resource. Costs relating to
a part￿ulaT activity are allocated directly. others are apportlon8d on an appropriate
basls e.g. estlmaled building usage or estimated tlme Committed as sel out In note
Grants payabie are accounted for when paid. Grants payable ar8 payments made
to third partses in the furtherance of the charrtable objects of ￿ thadty.
Flx•d asgets
(fj
Fixed assets are stated al Mst less accumulated deprrti8t￿n. Depredation is
ovlded at rates calculalgd to write off each as80t over thek expected usefvl Ilfe..
Muslc and sound systems
Office fumitur6 and equipmant
25QA reduclng balanee.
CompLrter equipment
25% reducing balance.
tor vehicles
50% ￿dUcIng balance.
Leasehold ImFffovements
250A r&ducing balance.
ProFWty
10 years stralght line from completion.
slralghl line over the term of the lease.
Asset$ costing less than £250 are not capitalised.
15-

KSng'8 Church Darllngton
Notgs fornilng part of the Flnanelal Stat•menls for the Y•ar endod 31 D•eamber 2023
Ac¢ounllng pollcle9 {cont.)
(fj
Flxod a880ts (cont.)
Oerxeciatlon is not provld&d on assets under constnjction until the asset is completed,
After completlon, periodlc Impairmgnt reviews of the leasehold improvements will b8
performed.
Glft8 In klnd
The value of grft$ in kind ig recognised as incJ)me wilhln the fina￿81 statements al the
point at which Ihe Church is deemed lo realise a benefit for the gift. Such incomo 18
valued al the estimated market value of the benefit where this can be quantrfied.
(h) Leas•8
Assets obtained under finance lease5 are capitalised as tangible assets and
depreclated over the shorter of the lease term and their useful lives. Obligations under
such agreements are included In creditors nel of the finance charge allocated lo I￿Ure
periods. The finance element of ihe rental payment ig charged to th& Statement of
Financlal Activilies so as lo prcrfluce a constant periodk rate of ¢harge on the net
obligation outstanding in eaGh perknd.
Rentals payable under 0￿rating leases are chaW agalnst income on a straight4ine
basis over the lease term.
FOrrn￿ of financial sL*•ments
The trustees have adapted the formats fN financlal $latemenls set ¢xrt in The SmaN
Companies and Groups (Accounts and Dlwtors. Report) Regulations 2008, to suit
the nature of the company's activities. This fomiat remains consistent wth SORP
{FRS102).
o)
Crflleal accountlng polici
Th8 aGcounling policies which have the most material Impact on the financial
statements of the charily relate to fund ￿UntIng and treatment of fix8d assets. In
particular:
Thé Chur¢h has wuired a property undor a long-t&rm lease. See notes 1 (Q and
17. Thls has the effect of introducing 8 material asset and loan Into the bslance
sheet.
The Church ha8 expended signrficanl funds In devdoplro the propety. Thgse
leasehold Improvements are being depreGiated over a 10-year period as per rk)te
1{fj.
Details of reslitted funds operated by the Church can be found at T￿te 17.
Golng ￿nCern
(k)
The financlal slalements have prewed on a going conrEm basis as the trustees
believe that no materfal uncertainties exist. The truslees have considered the level of
furNJs hdd and the expected Iwel of I￿rne or expendlture for 12 months from
authorislng these financlal st8temenls. The budgeted income and expenditure Is
sufficient w￿h the level of reserves for the ¢harity lo be abl8 lo contlnue as a going
concem.
16-

Klng's Church Darllngton
Notes fonnlng part of the Flnanclal Statem•nts for th• Ygar onded 31 Decemb•r 2023
AGcoundn9 pollcles l¢ont.)
Exceptlon8 to SORP (FRS1021
The nature of the chartty means that Church members will regularly provtde the church
th th9ir services on a voluntary basis. Examples of the contrityjlion made by
volunteers Include organisalion of events and meeting$. and stjpport lo the café, fo(hY
bank, 5POrts facilities and fumlture scheme lo augment the work of paid employees.
As per note l (d), Ihese serviceg have not been valued arKf Included as income as the
truslees belwe that il Is impossible to quantfy the value of these services and that
inclusion of such an estimate would not add to the understandlng ol the financial
Ferfmance ofthe charlty.
The Church operates a Fumiture recycliry schem8 which r￿eN85 (lonaled secon
hand furniture. The fumlture is then sold to the community al a r￿MInal fee Intended
to cover operating costs on￿. Valuallon of the donated goods is not possible and so
the Church recognises the gift income and associated cost at the same value as the
income actually received when sold. Whllsl the Ckyjrch holds a level of stock at a given
time the trustees have chosen not to indude the value of the stock in ils balance sheet
on the basis that tt is not FKJ$sible lo value the stock until it has been sold and on the
basis that the value is not material lo the uThJerstsnding of the financi81 statement8.
Th& Chur¢h operates a food bank which recelves donated food. The food is then grfted
to the o)mmunity for no fee. The donated food is high volLrme and low value whlch
makes il impractical to value and so the Church does not recognise gift income,
associated cost or stock.
Income from donatlons and 1ggacla8
Y￿r end￿ 31 December 2023
UnroStrlct•d Re8trl¢tod
Total
Funds
Funds
Funds
Y•ar ond
31 D&combor
2022
Gfft$ and donations
LegaGies
Grants (see note 17)
Gffts in kind
225,109
81.335
306.444
310,421
125
118.137
343.371
17,555
17,680
118,137
442,261
83,957
95,465
469,843
98,8
Year erKled 31
December 2022
337,358
132.485 469.843
Restricted Income represents ino)me gffted for the purposes to suppryt the work of the
Foodbank. and grants to support the work of the activiJes undertaken at the King's
Centre notably the Fcthbank and the Fumbbjre Sch8me.
The £10.000 of unrestricted grant in¢ome are ￿8ftts received from the Local Authority
to affect organisations impactod by the Coronavirus pandemic.
Gifts In klnd represent the valuo of donated fiJmliure that was sold during the year.
17-

King'• Church Darlln9ton
Notes foimlng part of tho Flnanclal Statements for the Year ended 31 Dgcemb8r 2023
R•ntsl Incomo
Year ended 31 December 2023
unrestr1￿￿ Restricted
Total
Funds
Funds
Funds
Year ￿dfjd
31 D•combor
2022
Letting of office f8cilities
12,700
12,700
12,500
12,7(KJ
12.7
12,5CM)
Year ended 31
December 2022
12.500
12.500
Invo8tment Income
Ygar endod 31 Dgcemb•r 2023
Unrèstricted Restrlcted
Total
Fund8
Funds
Fund$
Y•ar ondgd
31 Dec8mber
2022
Bank interest receivable
3.691
3.691
1.122
3,691
Year ende(131
December 2022
1,122
1.122
In¢ome from ¢harltable actlvltles- chureh ev•nts
Yoar ended 31 Decembor 2023
Unre8trl¢ted Restrlcted
Total
Funds
Funds
Funds
Y•ar ended
31 December
2022
Relmbursgments
for.
Youth Activities
Events ané
Training
Furn[￿re Schome
Café Irwme
King's Sports
Other In¢ome
174
8,649
174
8.649
348
10,891
119,540
62,446
3.220
455
194.484
119.540
62,446
3,220
455
194.484
98,769
50,317
3.165
650
Year ended 31
December 2022
164.140
164,140
18-

Klng's chU￿h Darflngton
Notos forming part of the Flnanclal Statoments for th• Year end•d 31 Docomber 2023
Totsl gxpenditure
Year •nd•d 31 D•¢emb•r 2023
Churth Me8ting$
Extemal Events
Direct
Evangelism & Training Direct
YouthlChildr8n's Work Direct
Grants to
Organisations
Grants lo Individuals
Independent
Examiners Fees
Furnibjre Recyded
Café
Fcodbank
King'5 Sports
8,671
200
8,935
200
8,514
4,907
2,388
5,746
9,279
9,279
Dlrect
Direct
25,083
2.248
7.493
32.576
3.748
29,760
3,274
Dint
Dlrecl
Dlr8ct
Dlre¢t
Dlrect
2,350
2,350
1.969 138.437
692 23.073
24.474
24,474
136,468
22.381
2,040
111,419
12,273
16,054
205,315 2.350
36,392 244,057
194.375
Staff Costs
Premises Costs
Administratron Costs
Time
Usage
Time
2.923
1,461
5,397
243
244.083 2.923
174.501
23.117
88,060 339,450
179,898
24,334
303.701
140,929
20.214
Inlere$l on Flnance Usage
Lease
15.082
15,548
17,433
3.410
7.567
662,098 5,7eJ) 124,452 803.287
676,652
Year ended 31
De¢ember 2022
3,198
6,350
584.584 5,238 77,282 676,652
Eider and Adminiytrators Staff Costs and Admlnlstration Costs have been allocated on
the basis of an estimate of time spent by the Elders. Admlnlstralor, Fumiture Scheme
Manager. Focxjbank Staff, and Café Manager. Premises costs and the interest on the
loan to fund the building purchase have been ailocated on the basis of usage of the
bjllding. Premlses costs include depreckqtion of Bullding Improvem9nts of £71.330
(2022.. £71.236) and £20,000 for Property (2023: £20.IJIOI. The balance of
depreclation (J)sls of £8,03212022.. £6,793} is within administralNe costs.
19-

King'5 Church Darllngton
Noto8 fomilng part of the Flnanclal Statoments for th• Year ended 31 December 2023
6 Total expenditur• (GonL)
Year Endad 31 December 2022
Church Meetings
External Events
Evangelism & Training
Youthlchildren's Work
Grants lo Ckganisatior
Direct
Dlrecl
Direct
Dlrect
3,399
4,694
3.115
213
1,639
200
6.514
4,￿7
2,388
5.746
5,546
Dlre¢t
Dir8Ct
Grant8 to Indlvlduals
Independent Examinors
Fees
Furnmure Recyded
Café
Foodbank
Q'ng's Swrts
29,7e4)
2,474
29.760
3,274
Direct
Direct
Direct
Direct
Direct
2.040
110,703
12.273
2.040
111,419
12,273
16,054
716
16,054
189.598 2.040
22,737
194.375
Staff Costs
Premises Costs
Adminislratlon Costs
Tim8
Usage
Tlme
2,794
1.397
4.228
202
242.171
136,701
19.204
54,545 303.701
140,929
20.214
404
Interest on Finan* Lease
Usage
523
8.350
16.910
584,W 5,238
3,198
17,433
77,282 676,652
7 N•t incomlng re80urce8
Net incoming re￿r¢e5 a￿ Stated after charging..
Year onded
31 December 2023
Year ￿d•d
31 December 2022
Depreciatlon
Independent Examiners Feas
99.362
2.350
98.029

Klng'• Church Darllngton
Not•s fornilng part of the Flnanclal stateM￿ts for the Ythv •nded 31 Decembor 2023
8 Staff costs
Slaff ¢0sts were as fdlow8:
Year ondod
31 Decernber 2023
Y•ar end•d
31 De￿nber 2022
Salaries and wage8
SocK41 security costs
Pension cosls
303.035
18,941
20,337
342.313
269.251
19.928
18.270
307,449
No employee eamed emoluments of rn￿e than £60.000 in a year (2022.. none). The
Church operates a defined contributron pen$ron scheme which requlres the Church to
make contributrons of 7%. provided that the employees fflatch the 7% contributions.
From 1 June 2023 the respeCt￿e contributions were increased to 8%. The contributions
made by th6 Church for the year were £20.337 (2022: £18.270). Total tèrminalK
payments amount lo £g,OCrf) (2022.. £Nil) ar#J relate lo settlement agreements for
employments temilnated in the current year. No amounts are outstanding at the year
end (2022:£Nil).
The average numb&r of employees durlng the yw, calujlated on the basbs of fiJll-tim8
equNalents was as follows..
Year onded
31 Decembor 2023
Year ended
31 Decembar 2022
Church Elder
Chur¢h Admlnistralor
Youth Worker
Furniture Scheme Worker
Café Worker
Cleaner
Foodbank Staff
11.4
13.0
21

Klng's Church Darllngton
Notgs fomilng part of the Flnanclal Statements for tho Year •ndgd 31 December 2023
Tru8t••8 remuTreratlon and relat•d party transactions
There were three trustees who recetved remunération in the year12022: ￿) for tt￿[r
services as Elders. as permitted by the Memorandum and Articles of Association.
Thesewere the only key management person who received remun8ralion In the current
or prevlous year. Total &mduments wer8 £%.22312022'. £90,184), including penslon
con1rlbuti0r￿ of £6.151 {2022'. £5,900).
The hlghesl paid trustee. Mike Collman, received emoluments In the year of £50,875
{2022.' £48,386) including pension conlrlbutions 01 £3,62612022.' £3.165).
The trust￿ mentioned above were roimburse(I for expenses totalllng £2,657 {2022..
£3,289). Stev8 Ward received reimbursement for expenses totalling £Nil (2022:£168)-
These expenses were incurred performing their dutie8 as Elders. and mainly comprised
travdllng, hospilalty ar￿ telephone costs.
No other Director CK other person related to the management of the Church had any
personal Interest in any contract or transaction entered into by the Charty during th8
year.
10
Grants made by the Charity
In the year, the Church made charitable grants from unrestricted funds of £27.311
(2022.. £32.2341 which comprised £25.0831o organlsalions (2022: £29,760) and £2.248
to indivKluals {2022'. £2,474). The largest ghfts we £11,000 towards the works of
Christ Central, being the organisation which co-ordinates the subgroup of NewFronliers
to which the Church is affiliated, and £5,000 towards New Day a national annual
Christian COnferer￿ for y￿th.
Grants of £1,500 w8re made from the Poverty Relief Fund (2022.. Nil) and £7,493 from
grants12022'. Nil) of which thè18rge81 was £6,370 in respect of UgarKla pro5ects.
In all cases grft5 wer8 made lo further the aims of the charity being lo further Christlan
faith and also bring rellef to p6rson8 In ¢ondilions of need, hardship or distress, or who
are 8ggd or sr¢k.
11
Tax8tion
As a charity, King's Church Darfinglon Is exempl from tsx on income and gains falllng
within section 505 of th8 Taxes A¢1 1988 or s256 01 the Taxatlon of Chargeable Gains
Act 1992 to the extent that these are applied to Ils charitable objects. No tax charg8S
hav8 arisen in the Charity-
-22-

Klng'8 Church Darfln9ton
Note8 formlng part of the Flnanclal Ststements for tho Year ¢ndgd 31 December 2023
12
Tanglbl? fixed a880ts
Cost
Al 1 January 2023
Additions
Dlsposals
At 31 Dtr￿mber 2023
55,864 73,132
4,006
34,029
14.750
5,650
43.129
1,126,283 51Y).(MJo
1,946
1.789,308
20,702
5,650
1.804,360
55,864 77,138
1,128.229 500,(M))
Deprgciatlon
At 1 Janu8ry 2023
Charge for th8 year
Disposals
At 31 December 2023
49.565 63.838
1.575
3,323
29,677
3.134
5,003
27.808
977,098 335.000
71,330 20.000
1,455,178
99,362
5.003
1,549.$35
51.140 67,161
1,048.428 355.000
Not Book Value
At 31 Dec•mber 2023
4724
9,977
15,321
79,803 145,000
264825
At 310ecember 2022
6,299 9,294
4,352
149,187 165,orx)
334,132
The nel book value of8sset$ h81d under finance lease amounted to£145.OW {2022: £165.000).
13
Debtor8
31 Dec•mber 2023
311)•cemb•r 2022
Other dgbtor6
Prepayments
6.614
7.499
14,113
4.651
9.321
13.972
14
Crodltors: Amounts falllng du• vAthln on• y•ar
31 Decorn￿r 2023
31 D•cémbor 2022
Trade (Yedltors
Taxation and soci81 Sgcurity
Accru815
Finance lease
8.629
8.587
8.094
30,837
$6,147
7,726
7,708
7,399
28,952
51,785
Amounts owed under finance lease are se¢urod by the a5set8 lo whlch they relate.
-23-

King's Church Darllngton
Noto8 fomilng part of Ihe Flnan¢ial Stat•monts for the Yèar endod 31 Decamber 2023
15
Credltors: amounts falllng due aft•r ono y•ar
31 Dfjcem￿r 2023
31 DK•mber 2022
Finan¢e l&%e
235,250
2e6,086
On 18th January 2007. the company 6nlered an arrang9menl lo purchase a propety.
The terms of the arrangement were to pay monthty inslalments of £3,708 over a 2&
year peric￿, al wh￿h polnt the company has the option tr) purchase the f￿ehOld for a
nomirkql amount. The ag￿ement was b￿kdated lo 1 April 2(M)6.
Amounts owed under finance lease are secur8d by the assets to whkh they relate.
Analy81s of net a6Mts betw•en fund$
16
Y•ar end•d 31 De¢omb8r 2023
Unrestriclgd
Funds
Rgstrfcted
Fund8
Funds
Fixed assets
CuThent assets
Current liabilities
Lon*lerm liabilities
Net assets * 31 Decamber 2023
254,825
72.059
(56,1471
235,250
35,487
254,825
140,555
(56,1471
235,250
254,134
68,496
68.496
Year ended 310ocember 2022
Unr•Btricted
Funds
Re8trlctod
Funds
Total
Fund8
Fixed assets
Current assets
Current Ilabilities
Long-term liabililBs
assets
December 2022
334,132
125,645
151,7851
266,086
141,906
334,132
237,873
151,785)
266,086
103,983
112,228
31
112.228
-24-

King's Church Dartlngton
Noto5 fgrmlng part of tho Flnandal Statomonts for th• Yoar endod 31 D•¢•mbgr 2023
17
Movement In funds
Year end•d 31 Dewnber 2023
As at 1 January 2022
Incoming Resources
Outgoing Resources
Transfer bets¥een funds
A5 at 1 January 2023
Incoming Resoijrces
Outgoing Resource5
Transfer between funds
As at 31 Deoember 2023
223,936
515,120
{599,3701
2,220
141,906
554.246
{678,8351
18.170
35.487
39,545 2,834
78,528
(56,805)
16.866 283.181
53.957
647.605
{8CQ) {19,6771 {676,652)
2,220
61.268
2,034
81,335
48,926 254,134
17,555 653.136
183,403) (1,500) (39,549) (803,287)
18,170
59,200
8,762
103.983
Pur
ose of the Foodbank Fund
formerf Gift Da Fund
This fund L8 built up from dorkqlions lo support the *ivilies of the Foodbank.
At 1 January 2023 the brought forward fund was £61.2e8. Further gifts of £81.335
were received in the year. Exp8n(iiture was £83,403 such that closing funds w6re
£59.200.
Pastoral Hel Fund
This fund available to meet the need$ of those in financial diffiC￿ltieS. A bala1￿& of
£2,034 was brought forward. £1.500 w83 gifted in the year leaving a closing balanGe
of £534.
Grant IrKom8
FocrtYb8nk: A brought forward grart to suprM)rt clients of thg Foodbank who were in
need of £2.238 was added to by a further £3,(M)O grant in the year. £5.232 was
expended leaviro a &irrred forward balance of£6. The￿ was also a balar￿e of£2 000
brought foThvard for the purchase of food, grants of £21.900 towards the running of the
scheme and £695 toward the running of v8hkles and these were all fully utilised in the
year. A grant of £1,088 was recelved toward the eslabll$hment and upkeep of a fotr
bank gar(Jen f&llty and this remalned unspent at the year end.
-25-

Klng'8 Church Darllngton
Note8 fornilng part of th• Finandal Statomont8 for the ond•d 31 Decembor 2023
17
Movem•nt In funds (cont.)
Grant Ir￿me
conl
Fumiture Scheme: The Church holds grantfvThJing d￿gnated to fund the running and
replacement costs of a Furnitu￿ Recyding Scheme van. The opening balance was
£14.642. An additional £3.CrfJO was r8ceived in the year, £441 was S￿￿1 on
maintenance costs and £14.750 used lo purchase a newvan. leaving a closing balance
of £2.451. An unspent grant ¢)f £1.431 towards establishment of workshops was
brought fc*ward. £1.105 was expended in the year with the balan￿ of £326 being
carried into 2024.
Other.. A number of ￿her grants were utlllsed as foil¢)ws. £950 towards the funding of
the Soup K￿chen was brought forward and carrr8d fonvard. £139 to fund equipment
for King's Sports was brought forward and remained unspent at the year end. An
unspent grant to repkqce the )loor In one of the halls in the King's Centre of £941 was
brought forward and remained unspent * the year end. Grants of £2,390 towards the
support of oversèas mission work was brought forward. A furtFw £100 was receivod
and £1,122 was spent, leavlng a cf05ing balance of £1,368. Grants of £1.315 to supp)rt
the ¥¥ork of Soul HO￿ Uganda were brought forward with a fijrther £.6317 added
2023. £6.370 was spent in the year le8￿ng a closing balance of £1.262. £264 was
spent against a brought forward grant of £285 to allow the purchase of books. leaving
a closing balar￿ of £21. Grants of £4,050 were received in the year towards the
funding of new furniture for the café. £3,840 was spent leaving a dosing bala￿ of
£210.
Year •ndod 31 Do¢grnber 2022
As al 1 January 2021
Incomlng Resourcgs
Outgoing Resourc95
Transfer be￿een funds
A8 al 1 January 2022
Incomlng Resource$
Outgolng Resources
Transfer be￿e￿n funds
As at 31 December 2022
342.715
435.728
{$54,5071
46,273
57,574
(64,302)
2,834
30,977 422.799
30,090 523.392
(44,201) (663,010)
223.936
515,120
(W.3701
2.220
141.W6
39.545
16.866 283,181
78.528
53.957 647,605
156.805) (8001 (19.677) {676.6521
2.220
61,268
2,034
48.926 254.134
2,834

King's Chur¢h Darllngton
Notes fomiing part of th• Flnanclal Statoments for th• Y•aT 8nd•d 31 Docember 2023
18
Lea8•s
a) Flnance l¢atse5 . le8800
The only finance lease relates to purchase of Land and Buildings. The terms oflhe
lease require quartedy Inslalments of £11,125 to be paid over a 2&y6ar peri(*J
commencing on 1 April 2006. The building has been v8lu8d at £500,000 and intere81
of £612.500 has been allocated on a sum of diglls basi5. The capital payment of the
lease is due..
31 DoGornber 2023 31 D•eembgr 2022
Wrthin 1 Year
Within 210 5 Year8
After 5 Years
30,837
142,192
93,058
28,952
134,654
131,432
b) Operatlng leas•s- I￿88•
Total fvture minimum lease payments UTvJer non￿ance￿abI8 operatlng lease5 are a8
foll¢)ws.'
31 Decembor 2023
31 Dec8mber 2022
Not later than one year
Later than one and later than
flve years
Later than five years
682
369
2.559
3,241
369
19
Sharè capltal
The company does not have a share capitsl. In the evgnl of a winding up. every
memL*r at th* time is requirsSd to contribute £1.
20
Rocon¢lllatk+n of net exyndlture to not flow from owrntlng actfvitl
Y•ar •ndod 31 DgGember 2023
Year
ondad
Total
31
Funds D•comber
2022
Unr•strfct•d Restricted
Funds
Funds
Net (exp8ndibJreyincome
Depreciation Charges
Interest ¢harge
Loss on disposal of fixed assets
Decr8asellincreasel in debtors
{Increaseydecrease in creditors
Net cash provKledl(used in)
operating activitie5
{106.4191
99.362
15.548
(1,771)
(141)
2,478
9,057
(43,732)
{150.151) {29.047)
99.362
98.029
15.548
17.433
{1,771 }
129
(1411
11,078>
2,478
1,300
{34.675)
86,766
{43,7321
Year ended 31 December 2022
33,784
52.982
86,766
-27-