King's Church Darlington
(A company limited by guarantee)
Report and Financial Statements
For the Year ended 31 December 2024
Company Registration Number: 5670530
Charity Number: 1113455

King's Church Darlington
Financial Ststements for the Year ended 31 December 2024
Contents
Reference and Administrative Information
Directors Report
Independent Examiners Report to the Members
Statement of Financial Activities
Balance Sheet
Cash Flows
Notes forming part of the Financial Statements
Page
10
11
12
13
14-27

King's Church Darllngton
Reference and Administrative Infomiation
Charity name..
King's Church Darlington
Company reglstration number:
5670530
Charty registratlon number.
1113455
R•gistered Offl¢o and operatlonal address..
The King's Centre
Prospect Place
Whessoe Road
Darlington
Co Durham
DL3 OQT
Directors and Trustees of the Charity
Mr M Coltman
Mrs A Cooley
Mr RP Davison
Mr JC Lambert
Mrs J Salt
Mr MA Sowerby
Mr PJ Hillsdon (appointed 21￿ September 2025)
Chair
Leadernhip Team
Mr M Coltman
Mrs J Coltman
Mr RP Davison
Lead Elder
Elder (resigned 10th November
2024)
Mrs M Davison
Mr C Cooley
Mrs A Cooley
Mr PJ Hillsdon
Mrs S Hillsdon
Mr JC Lambert
Mrs K Lambert
Elder (appointed 181h May 2025)
Elder
Company Secretary
Mrs S lancu
Indep8ndont Examlner
AbacusBean Limited, Level Q
Offices, Surtees Business Park,
Stockton-on-Tees TS18 3HR
Bankers
Unity Trust Bank, Nine Brindley
Place, Birmingham B12HB
Solicitors
Close Thomton, 2 Duke Street,
Darlington DL3 7AB

Klng's Church Darlington
DlrectoTr' Roport for the Year ended 31 De¢ember 2024
The Directors of the charitable company are its Trustees for the purpose of charity law, and
throughout the report are collectively referred to as the Trustees.
The Trustees present their report, together with the independently examined financial
statements for the year ended 310ecember 2024.
The Trustees confirm that the report and financial statements of the charity have been prepared
in accordance with the charity's governing document, the Companies Act 2006 and"Accounting
and Reporting by Charities: Ststement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS102) {effective 1 January 2019)..
structure, Governance and Management
Governin
Document
King's Church Darlington is a company limited by guarantee and registered with the Charity
Commission (No.1113455). The company was incorporated on 10 January 20C6 and its
goveming document is the Memorandum and Articles of Association dated 24 November 2005.
Recruitment and A
ointment of Board of Trustees
The Church Elders, who are responsible for the day to day running of the Church, appoint the
Trustees. The Board of Trustees serving during 2024 were..
Mr M Coftman - Michael has been involved in church leadership for over 15 years, as a youth
leader and, for the last 6 years, on the Eldership of a church. Michael was previously leading
a church in Ontario Canada before taking the lead elder role at King's Church 2021. Prior to
church employment Michael was working in Quality Assurance for EE. He is also a qualified
counsellor.
Mrs A Cooley- Anne has been attending Kings Church since 2015 and has been involved with
the children's work, part of the team working with the ladies of the church, and is one of the
organisers of the annual Kings Christrnas Craft Market. Along with her husband, she has taken
out teams to Uganda from all over the UK, including from Kings Church. She is also a founder
trustee of a charity working into Uganda. Anne was a school senior leader and teacher of 40
years, experien￿ and also worked in Teacher Training with York St John University.
Mr RP Davison - Paul was the Deputy Director for Health Protection North East for Public
Health England until his retirement in October 2019. He now has a national role working on
environmental public health, sustainabilty and climate change. He became an elder in June
2009 and his responsibilities at King's Church include leading a worship band and
preachinglteaching. Paul is Chair of Trustees.
Mr PJ Hillsdon - Phil started in the building industy as a carpenter and joiner where he ran
his own construction business with his brother employing 40 people. Already involved in church
leadership he attended Bible College in 1996 and moved to Teesside in 1999 to lead the
Oakwood Centre. Phil served in employment as the Main Leader with King's Church between
September 2008 and September 2021. During 2024 he returned to the Eldership team as an
unpaid Elder.
Mr JC Lambert- John has been involved in mission and church leadership since 1990, both in
Paris, France, and in the north east of England. John and his wife, Kathie, who is a hospi
nurse, have four grown up children, who now live in three different countries. John likes leaming
languages, music, running and reading. He is a former Church of England minister and has
been an elder at King's Church Darlington since November 2023.

Klng's Church Darlington
Directors, Report for the Year ended 31 December 2024
Structure. Governance and Management (contlnued)
Mrs J Salt - Jenny has been involved at King's Church since 1998. During her time at King's
Church, she h8s s8rved as a Children's group leader and in the worship band. She has worked
as a primary school teacher for almost 10 years and leads the music curriculum at her school.
Mr MA Sowerby - Mark has been a member of the Church, and its former Charity slnce 1993
and has held positions as the Church Accountsnt and Trustee during that period. He is 8
Chartered Accountant and works as Group Finan￿ Director in an international Construction
Consultancy.
Trustee Induction and Trainin
Most Trustees have previously served in positions of responsibility within churches and
Charities. All are familiar with the V￿rkIng of King's Church Darlington, being Church members
and holding various positions of responsibility. All Trustees have received a copy of the
Memorandum and Articles and are familiar with their contents. M. Sowert)y has served as a
Director of companies in his professional life and is familiarwith the workings of companies and
reporting requirements. Trustees make use of Charity commission website to maintain their
knowledge of current developments.
Risk Mana
ement
The company inherited a valid Risk Assessment from the former Charity. Following the
relocation of the Church into the King's Centre in June 2006 a review of risks associated with
the propety was performed and the Risk Register updated. We were fortunate to be assisted
by a Church member whose professional life is very much concerned with carrying out risk
assessments for large organisations. A formal review of the risk register is performed on an
annual basis.
The Church is also advised by a local Insurance Brokerwho specialises in church matters and
who has been able to visit and discuss our changing needs. This has proved invaluable and
has enhanced our risk management prO￿ss.
Or
nisational Structure
The Trustees hold quarterly Board meetings. Outside of the Board Meetings a number of sub-
committees exist to ensure the smooth running of the Church. These committees are chaired
by members of the Board and include other members of the Church where appropriate skills
are available. The key committees are:
Remuneratlon Commlttaa - To review all aspects of employee terms and conditions and
make recommendations to the Board for approval. Paid members of the Board are not
permitted to vote on issues relating to their own remuneration. It is chaired by RP Davison and
also includes M Sowerby. The Trustees receive no benefits from the Church in their capacity
as Trustees and give their time voluntarily. Details of Trustee remuneration and expenses in
relation to services as Elders is disclosed in note 9 to the financial ststements.

King's Church Darllngton
Directors, Report for the Year ended 31 Dacember 2024
Structure, Governance and Management (contlnuedl
Financ• Committee - The finance committee meets. as required, in the hvo months between
board meetings. The group comprises. M Coltman, M Sowerby, JC Lambert 8nd RP Davison,
and monitors the day to day finances of the Church, dealing with financial matters arising
be￿een Board Meetings.
Related Parti08
The Church is a member of the Evangelical Alliance and is affiliated to a worldwide netsvork of
churches known as Newfrontiers.
Objectlves and A¢tivitie8
The charlty exists to 8dvance the Christian faith and also bring relief to persons in conditions of
need, hardship or distress, or who are aged or sick. Further objectives are the advancement
of educats'on on the basis of Christian principles, and to provide or assist in the provision of
facilities in the interests of social welfare.
The Trustees have referred to the guidance contsined in the Charity Commission's general
guidan￿ on public benefit when reviewing the charity's aims and objectives and in planning
future activities. In particular, the Trustees consider how planned activities will contribute to the
aims and objectlves they have set.
The strategies employed to further our charitable purposes for the public benefit are:
Sunday worship and other meetings, such as prayer meetings, worship nights, and
Christmas and Easter events. These are held at the King's Centre, Darlington, which
continues to provide an active and well-known base in an area of the town in need of social
regeneration.
We have a growing ne￿Ork of midweek Life Groups. They meet in various homes and at
the King's Centre, providing an environment for church members to grow in their faith and
reach out to the wider community.
On Sunday afternoons, we offer a discipleship ￿Urse to help church members gain a
deeper theological understanding of their faith. We also have an outreach course for
anyone in Darlington and the surrounding areas interested in learning about Christian
beliets.
We support church plants in Cambodia, Sweden. Germany, and Romania that are part of
the Christ Central ne￿ork of churches. This includes the work of Devoted to Cambodia,
which teaches English to children living at the Siem Reap city dump.
The church operates community youth groups on Monday and Wednesday evenings
and also attends summer youth camps.
The King's Centre hosts several weekly communty groups. These include Pilates classes,
ukulele group, and a baby and toddler group. We also run 'Care and Share,, a group
dedicated to supporting those who struggle with mental health and loneliness.
The King's Café is open to the public. Monday to Friday.
The church runs a furniture r6cycling scheme. We receive or collect donated furniture,
renovate and store it, and then deliver it to customers.
Achievements and Performance
As 8 church, we are encouraged to see continued growth in attendance and ￿Embership.
We've seen an increase in those attending Sunday moming meetings and our youth and
children's programmes, with our congregation becoming younger and attracting more families.
We have also seen increased demand for our free Monday night youth group, which we offer
to both our church members and the wider community.

King's Church Darllngton
Directors. Report for tho Year ended 31 December 2024
Achievements and Performance (contlnuod)
Demand for our food bank services continues to increase each year. We run this seNice
alongside Taste and See, an outreach program that provides an introduction to the Christian
faith and a hot meal for all who aitend.
This past year, we have had the privilege of supporting church plants around the world in
Gothenburg, Sweden,. Chemnitz, Germany. and Srem Reap, Cambodia. We also continue to
Partner with the work of Transform Asia, which operates an orphanage in Anlong Veng,
Cambodia.
Across all our initiatives whether it's the fumiture scheme, café, or food bank-we are pleased
to offer ample opportunities for community members and groups to volunteer at the centre. We
welcome and enoourage anyone to support our work, regardless of whether thay consider
themselves part of the church.
In the year, we had the opportunity to host the Christ Central international conferance at the
centre and this proved to be a great su￿ss.
Financial Review
The results show a net expenditure of £14k compared to £150k in 2023. Unrestricted funds
represent £118k of this year-on-year variance with restricted funds the balancing £18k. Net
expenditure on unrestricted funds was £7k. The result is after bearing depreciation of £65k
such that Unrestricted Earnings before Interest, Tax and Depreciation are £75k.
Unrestricted Income increased by £88k to £642k with trading activities up by £15k, largely in
the Furniture Scheme, 2nd gift8 and donations up by £67k. We remain grateful to Church
members who continue to donate through uncertain economic times.
Unrestricted costs reduced by £31k to £648k. This was driven by 8 £57k drop in premises
costs, of which £36k relates to depreciation of leasehold improvem&nts and £18k to lower
energy costs. Salary costs were up by £13k, which was largely inflation, and furniture costs by
£12k, due to the higher volume. We continued to adopt a very prudent approach to
discretionary expenditure.
Restricted income increased by £36k on 2023 levels to £135k, with a £43k grant received to
improve the energy efficiency of the premises with the focus being on the heating system.
Restricted expenditure was £19k above that incurred in 2023 primarily due to costs expended
against Foodbank grants received in previous periods and use of the aforementioned energy
efficiency grant. £51k of funds were transferred from restricted funds to unrestricted funds
representing capitalisation of assets purchased from restricted funds, the initial purpose of the
grant having been achieved.
Closing unrestricted funds were £80k, however this figure includes fixed assets of £246k of
which £219k relates to the King's Centre and the related building improvements. The Church
has a finance lease liability of £236k, essentially secured against the building. Net current
assets, therefore, represent a fairer picture of the day to day health of the Church finances and
availability of funds. Unrestricted net current assets are £37k which is up from £16k in 2023.
Closing restricted funds, all held in cash, were £1 Ok and largely comprise unspent grant income.

Klng's Church Darllngton
Dlr•ctors' Report for the Year ended 31 December 2024
Financial Revlew (cont.)
Ke
Activities
Outside of nomial meetings and activities the Church is investing in four initiatives: the Furnlture
Scheme, the Café, King's Sports and the Foc*lbank. The table below summarises the running
costs of these activities and how these costs have been funded:
Furniture
Schome
£'ooo
Café
Klng's
Sports
£'ooo
Foodbank
£'ooo
Costs:
Salary Costs
Other Direct Costs
Allocated Overheads
£'ooo
61
151
35
247
42
22
12
76
107
20
14
Funded by..
Voluntary Gifts
Benefits in Kind
Grant income
Trading Income
Church Funds
Restricted Funds
122
15
126
(1)
66
10
(2)
58
141
247
Allocated overheads represent a share of accommodation costs, based upon space usage and
other overhead as relevant. Voluntary gifts are amounts received for the specific activity.
Church Funds represents the shortfall in funding from sources of income specific to the activity
and is therefore the amount required to be funded from unrestricted Church funds.
Outlook
Generally speaking, the outlook for 2025 remains posits've with income levels relatively robust
and expenditure under control. We continue to be well supported by a mixture of committed
employees and volunteers and we remain vigilant to changes in incom8 and cost levels.
However, through 2024 and early 2025 we have seen the volume of available funding for our
foodbank reduce. As such we have taken the decision to streamline our operation. which is
now run by a single staff member and a team of volunteers. The food bank is now a referral-
only service, ensuring our food parcels reach those most in need in Darlington.
Princi
l Fundin
Sources
The main source of income to the Church is through gifts and donations received from Church
members. We are also able to sublet some offices at the Church premises. Incidental income
is received through reimbursement for some specific, and more costly Church events. Major
capital projects are usually funded from gift days and grants.
Investment Polic
The Church aims to hold minimal levels of cash reserves 8nd thus surplus funds are retained
in higher interest deposit accounts.

King's Church Darllngton
Directors, Rèport for th& Year ended 31 December 2024
Financlal Review (cont.)
Reserves Poli
The Church Trustees have established a policy of ensuring that the Charity retains a minimum
level of cash equivalent to betsveen 2 and 3 months normal expenditure. At 31 December 2024
this target was estimated at between £60k and £80k. Closing unrestricted cash funds at
December 2024 were £98k. although this benefitted from abnormalty h￿her trade creditors at
the year-end such that a more normalised position is closer to £70k.
Plans for Future Periods
The last bNelve rnonths has continued to be a time of encouragement, as the church continues
to grow in attendance and memtership.
Our focus on the y8ar ahead is to 'Love God, Love Others and Make Disciples, by:
Continuing to see growth and sustainability in all of the projects mentioned above.
To grow the outreach of our youth work and see growth in attendance to all our youth and
children's work. Running a Bible focused kids club during the summer holHlays.
Use of our facilities to provide groups and services to care for the community around us.
Raising the finance to accomplish this with the desire of gifting money to worthwhile causes
in both the U.K and Overseas.
To continue to support Christ Central church plants, including Gothenburg (Sweden),
Chemnitz {Germany), Siem Reap (Cambodia), and a new church plant in Romania.
To preach the good news of Jesus, through prcgrammes like the Alpha course, and see
people join the church family.

King's Church Darlington
Directors, Report for the Yèar ended 31 December 2024
Trustees. responsibllltles statoment
The trustees (who are also directors of King's Church Darlington for the purposes of cornpany
law) are responsible for preparing the Trustees. Annual Report and the financial statements in
accordance with applicable law and Unrted Kingdom Accounting Standards (Uniied Kingdom
Generally Accepted Accounting Practice).
Company and charty law requires the trustees to prepare financial statements for each financial
year, which give a true and far view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the ino)me and expenditure, of the
charitable company for that perrod. In preparing these financial statements, the trustees are
required to:
select suitable accounting polrcies and then appty ttrEm consistenty,"
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
prepare the fin8ncial statements on the going concem basis unless it is inappropriate
to presume that the charitable company will continue in operation.
state whether applicable accounting standards have been followed subject to any
material departures disclosed and explained in th8 financial statements.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial Fosition of the charitable company and enable
them to ensure that the financFal statements compty with the Companies Act 20C6. They are
also responsible for safeguarding the assets of the charitable company and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to Independent Examiner
In so far as the trustees are aware:
there is no relevant infonnation of which the charitable company's independent
examiner is unaware"
the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant InforTh￿tion and to establish that the independent examiner is
aware of that infonnation.
In preparing this report, the trust888 have taken advantage of the small companies exemptions
provided by section 415A of the Companies Act 2006.
This report was approved by the trustees on 261h September 2025 and is signed on their
behalf by:
Mr RP Davison
Chair of Trustee

King's Church Darlington
Independont Examinerfs report to the trustses of King's Church Darlington
I report to the charity trustees on my examination of the accounts of the company for the year
ended 31 December 2024 which are set out on pages 11 to 27.
Responsibllltlos and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with the requirements of
the Companies Act 2008 ('the 2006 Act,).
Having satisfied myself that the accounts of the company 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 your company's accounts as Garried out under section 145 of the Charities Act
2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145{5)(b) of the 2011 Act.
Independent examine￿9 ststement
Since the company's gross income exceeded £250,000 your examiner must be a member of a
body listed in section 145 of ths 2011 Act. I confirm that l am qualified to undertake the
examination because l am a member of ICAEWwhich is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of
the 2006 Act. or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of section 396 of the 2006
Act other than any requirement that the accounts give a 'true and fair view, which is not a
matter considered as part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of
the Statement of Recommended Practice for accounting and reporting by charities
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102>.
I have no concerns and have come across no other matters in connection with the examination
to which attention should be drawn in this report in order to enable a proper understanding of
the accounts to be reached.
Beverley Goodall BA BFP FCA
AbacusBean Limited
Level Q Offices
Surtees Business Park
Stockton-on-Tees
TS18 3HR
Date.. 26th September 2025
10-

Klng's Church Darllngton
statement of Financial Activities (including Income & Expenditure Account) for the
Year ended 31 December 2024
Year ended 31 December 2024
Unrestricted Restricted
Total
Funds
Funds
Funds
Year ended
31 December
2023
Notes
Income and endowments
from:
Donation and legacies
Rental income
InvestrrEnt income
418.821
11.4
2,805
135,454
554,275
11,496
2,805
442,261
12,700
3,691
Charitable activit188
Church events
208,668
208,668
194.484
Total income and endowments
641,790
135,454
777,244
653.136
Expendlture on:
Raising funds
Costs of generating rental
income
Charitable activities
Governance costs
3,447
5,792
3,447
5,792
3,410
7,567
634,909
4,151
142,964
777,873
4,151
786,550
5,760
Total expendlture
648.299
142,984
791,263
803,287
Net (expenditure)lincome
{6,509)
(7,510)
(14,019)
(150.151)
Transfer between funds
50,637
(50,637)
Net movement in funds
44,128
58,147
14,019
150.151
Reconciliation of fund8
Funds brought forward
35,487
68,496
103,983
254,134
Total funds carried forward
79,615
10,349
89,964
103 983
The notes on pages 14 to 27 form part of the financial staternents.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activitie5 also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
11

King's Church Darlington
Balance Sheet as at 31 December 2024
31 December 2024
31 December 2023
Notes
Tangible Flxed Assets
12
245,580
254.825
Current Assets
Debtors
Cash at bank and in hand
13
34,981
108,519
143,480
(96,56n
14,113
126,442
140,555
(56,147)
Creditors.. amounts falling due
within one year
14
Net Current Assets
46,913
84,408
Totsl Assets less Current
liabilltles
292.493
339.233
Creditors: amounts falling due after
one year
15
(202,529)
(235,250)
N•t Assets
89,964
103,983
Charity Funds
Unrestrided fund8
Restricted funds
17
17
79,615
10,349
35.487
68,496
Totsl Funds
89,964
103,983
The notes on pages 14 to 27 form part of the financial statements.
The company is entitled to the exemption from the audit requirement contained in s8Ction 477
oftheComp8niesAcl 2006, forthe yearended 31 December2024. No member ofthe company
has deposited a notlce, pursu8nt to sectron 476. requiring an audit of these accounts.
The trustees acknowledg8 their responsibilities for ensuring that the charty keeps accounting
records which comply with section 386 of th8 Act and for preparing financi81 statements which
give a true and fair view of the slate of affairs of the company as at the end of the financial year
and of its incoming resources and application of resources, including its income aTh
expenditure, for the financial year in accordance with the requirements of sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 ￿ rating to
financial statements, so far as applicable to company.
The financial statements have been prepared in accordan￿ with the provisions applicable to
cL¥npanies subjed to the sm811 companies, regime.
The financial statements W8re approved and authorised for issue by the Board of Trustees on
26th September 2025 and signed on their behalf by..
Mr MA Sowerby
Trustee
Company Reglstration number: 5670530
Charity registration number: 1113455
12-

King's Church Darlington
Cash Flow Statement for the Year ended 31 December 2024
Year ended 31 December 2024
Unrestricted Restricted
Total
Funds
Funds
Funds
Year ended
31 Decembor
2023
Notes
Not cash provlded
byl(used in) operating
activities:
20
140.309
(58,147)
82,162
(34,675)
Cash flow8 from other
sources:
Proceeds from sale of fixed
assets
Applicatlon of cash:
Purchase of fixed assets
Sale of fixed 8ssets
Payment of interest on
borrowing
Repayment of borrowing
(55,800)
215
(55,800)
215
{20,702)
2,419
(13,663)
(30,837)
(13,663)
(30,837)
(15,548)
(28,953)
Net Increasel(decrease) in cash:
40,224
{58,147) (17,923)
(97,459)
Cash at the beginning of the
year
57,946
68,496
126,442
223,901
Cash at the end of the year
98,170
10,349
108,519
126,442
The notes on pages 14 to 27 form part of the financial statements.
13-

Klng's Church Darfington
Notes fomilng part of the Financlal Statements for the Year ended 31 December 2024
Accounting policies
The principal accounting policies are summarised below. The accounting policies have
been applied consistently throughout the year and in the preceding financial year.
Basis of accounting
(a)
The financial statements have been prepared under the historical cost convention and
in accordance with the Companies Act 2006 and 'Accounting and Reporting by
Charrties: Statement of Recommended practi￿ applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS102) (effective 1 January 2019)°. The charity is a Public Benefit
Entity as defined by FRS102.
The accounts are prepared in sterling, which is the functional currency of the charitable
company. Monetary amounts in these financial statements are rounded to the nearest
£1.
{b)
Company status
The Charty is a company limited by guarantee. The members of the company are the
trustees named on page 2. In the event of the Charity being wound up, the liability in
respect of the guarantee is limited to £1 per member of the Charty.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furtherance
of the general objectives of the Church.
Restricted funds are subject to restrictions on their expenditure imposed by the donor
or through the terms of an appeal.
en the restrictions pla￿d on restricted funds have been removed. a transfer is made
from restricted funds to unrestricted funds.
(d>
Incoming resources
All incoming resources are included in the Statement of Financial Activities when the
charity is entitled to the income and the amount can be quantified with reasonable
accuracy. The following specific policies are applied to the particular categorres of
income..
Voluntsry income is re￿iVed by way of grants, donations and glfts and is included
in full in the Statement of Financial Activities when receivable. Grants, where
entitlement is not conditional on the delivery of a specific perfomance by the
Church, are recognised when the charity becomes unconditionally entitled to the
grant
Donated services and faciliti&s are included at the value to the Church where this
can be quantified. The value of services provided by volunteers has not been
included in these finanaal statements. The value of food and fumiture received
and subsequently donated have not been included in these financial ststements.
Rentsl income is accounted for when it becomes receivable.
Investment income is included when receivable.
14-

King's Church Darlington
Notes fomiing part of the Financlal Statements for the Year ended 31 December 2024
Accountlng policles (cont.)
Incomlng resources (cont.)
(d)
Incoming resources for charitable trading activlty are accounted for when they are
earned.
Incoming resources from grants, where related to performance and specific
deliverables, are accounted for as the Church earns the right to consideration by
its performance.
For legacies, entitlement is the earlier of the charity being notified of an impending
distribution or the legacy being received. At this point income is recognised. Where
legacies have been notified to the charity however it is not possible to measure the
amount expected to be distributed, the legacy is treated as a contingent asset and
disclosed.
(0)
Resourcos expended
Expenditure is recognised on an accruals basis as a liability is incurr8d. Expenditure
includes any VAT which cannot be recovered, and is reported as part of the expendrture
to which it relates..
Costs of generating funds comprise the costs associated with attracting voluntary
income and the costs of generating rental income.
Charitable expenditure comprises those costs incurred by the Church in the
delivery of its activities and SeNi￿S for its beneficiaries. It includes both costs that
can be allocated directly to such activitles and those costs of an indirect nature
necessary to support them.
Governance costs include the costs associated with meeting constitutional and
statutory requirements of the Church and include the independent 8xaminer fees
and costs linked to the strategic management of the Church.
All costs are allocated between the expenditure categories of the Statement of
Activities on a basis designed to reflect the use of the resource. Costs relating to
a particular activity are allocated directly. others are apportioned on an appropriate
basis e.g. estimated building usage or estimated time committed as set out in note
Grants p8yable are accounted for when paid. Grants payable are payments made
to third parties in the furtherance of the charitable objects of the charity.
Flxed assets
Fixed assets are stated at cost less accumulated depreciation. Depreciation is
provided at rates calculated to write off each asset over their expected useful life..
Music and sound systems
offi￿ furniture and equlpment
Computer equipment
Motor vehicles
Leasehold improvements
Propety
250/9 reducing balance.
250/0 reducing balan￿.
500/0 reducing balance.
25 % reducing balance.
10 years straight line from completion.
straight line over the term of the18ase.
Assets costing less than £250 are not capitalised.
15-

Klng's Church Darlington
Notes fomiing part of the Flnancial Statements for the Year ended 31 December 2024
Accounting policies ¢¢ont.)
(fj
Fixed ass8ts (cont.)
Depreciation is not provided on assets under construction until the asset is completed.
After completion, periodic impairment revieyts of the leasehold improvements will be
performed.
(g)
Gifts in kind
The value of gifts in kind is recognised as income within the financial statements at the
point at which the Church is deemed to realise a benefit ft)r the gift. Such incorre is
valued at the estimated market value of the benefrt where this can be quantified.
Leases
{h)
Assets obtained under finan￿ leases are capitalised as tangible assets and
depreciated over the shorter of the lease term and their useful lives. Obligations under
such agreements are included in creditors net of the finance charge allocated to future
periods. The finance element of the rental payment is charged to the Statement of
Financial Activities so as to produce a constsnt periodic rate of charge on the net
obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight4ine
basis over the lease term.
(i)
Format of flnancial statements
The trustees have ad8Pted the formats for financial statements set out in The s￿11
Companies and Groups (Accounts and Directors, Report) Regulation8 2008, to suit
the nature of the company's activiti&s. This fomiat remains consistent with SORP
(FRS102)
ti)
Critical accountlng pollcles
The accounting policies which have the most material impact on the financial
statements of the charity relate to fund accounting and t￿atment of fixed assets. In
particular:
The Church has acquired a property under a long-term lease. See notes 1 {fj and
17. This has the effect of introducing a material asset and loan into the balance
sheet.
The Church has expended signrficant funds in developing the property. These
leasehold improvements are being depreciated over a 10-year period as per note
1(Q.
Details of restricted funds operated by the Church can be ft)und at note 17.
(k)
Going concern
The financial statements have been prepared on a going concern basis as the trustees
believe that no material uncertainties exist. The trustees have considered the level of
fvnds held and the expected level of income or expenditure for 12 months from
authorising these financial statements. The budgeted income and expenditure is
sufficient with the level of reseNes for the charity to be able to continue as a going
concern.
16-

King's Church Darlington
Notes forming part of the Financlal Statements for the Yoar ended 31 December 2024
Accounting policles (cont.)
(i)
Exceptions to SORP (FRS102)
The nature of the charity means that Church members will regularly provide the church
with their ServI￿S on a voluntary basis. Examples of the contribution made by
volunteers include organisation of events and meetings. and support to the café, food
banK sports facilities and fumiture scheme to augment the work of paid employees.
As per note 1 (d), these serrfices have not been valued and included as income as the
trustees believe that it is impossible to quantify the value of these services and that the
inclusion of such an estimate would not add to the understanding of the financial
performance of the charity.
The Church operates a Furnitu￿ recycling scheme which receives donated second-
hand furniture. The fumiture is then sold to the community at a nominal fee intended
to cover operating costs only. Valuation of the donated goods is not POS5ible and so
the Church recognises the gfft income and associated cost at the same value as the
income actually recetved when sold. Vthilst the Church holds a level of stock at a given
time the trustees have chosen not to include the value of the stock in ts balance sheet
on the basis that it is not possible to value the st¢xk until it has been sold and on the
basis that the value is not material to the understanding of the financial statements.
The Church operates a food bank which re￿iVeS donated food. The food is then gifted
to the community for no fee. The donated food is high volume and low value which
makes it impractical to value and so the Church does not recognise gift income, the
associated cost or stock.
Income from donations and legacies
Year ended 31 December 2024
Unrestricted Restricted
Total
Funds
Funds
Funds
Year ended
31 December
2023
Gifts and donations
Grants (see note 17)
Grfts in kn'nd
292,534
4,166
122,121
418.821
64,087
71.367
356,621
75.533
122.121
554,275
306,444
17.680
118,137
442,261
135,454
Year ended 31
December 2023
343,371
98,890
442.261
Restricted income rep￿Sents income gifted for the purposes to support the work of the
Foodbank, and grants to support the work of the activities undertaken at the King's
Centre notably the Foodbank and the Fumiture Scheme.
The £4.167 of unrestricted grant income was a grant re￿iVed from a charitable
organisation towards the general running of the King's Centre.
Gifts in kind represent the value of donated fumiture that was sold during the year.
17-

King's Church Darlington
Notes formlng part of the Flnancial Statements for the Year ended 31 December 2024
Rental income
Year endod 31 Decembèr 2024
Unrestricted Restricted
Total
Funds
Funds
Funds
Year ended
31 December
2023
Letting of Offi￿ facilities
11,496
11,496
12,700
11,496
11,496
12.700
Year ended 31
December 2023
12,700
12,700
Investment income
Year onded 31 December 2024
Unrestricted Rostricted
Total
Funds
Funds
Funds
Year ended
31 December
2023
Bank interest receivable
2,805
2,805
3,691
2,805
2.805
3,691
Year ended 31
De￿mber 2023
3,691
3,691
Income from charitable activities - church •vents
Year onded 31 Dec•mber 2024
Unrestrlcted Restricted
Total
Funds
Funds
Funds
Year ended
31 December
2023
Relmbursements
for:
Youth Activities
Events and
Training
Furniture Scheme
Café Income
King's Sports
other Income
645
11,628
645
11,628
174
8,649
126,493
65,781
3,290
831
208 668
126,493
65,781
3.290
831
208,668
119,540
62,446
3,220
455
194,484
Year ended 31
Deomber 2023
194.484
194,484
18-

King's Church Darfington
Notes fomiing part of the Flnancial Statements for the Year anded 31 December 2024
Total oxpenditure
Year ended 31 Docember 2024
Church Meetings
Direct
Extemal Events
Direct
Evangelism & Training Direct
Youthlchildren's Work Direct
Grants to
Organisations
Grants to Individuals
Independent
Examiners Fees
Furniture Recycled
Café
Foodbank
King's Sports
7,461
7,461
641
4,803
12,246
8,935
200
985
9,279
3,436
12,246
1,367
Direct
Direct
26,644
1,533
26,644
1,533
32,576
3,748
Direct
Direct
Direct
Direct
Direct
704
704
3,076 151,083
252 22,649
19,736
19,815
2,350
138,437
23,073
24,474
148,007
22,397
79
222,444
704
24,431 247,459 244,057
Staff Costs
Premises Costs
Administration Costs
Time
Usage
Time
2.942
1,471
3,659
252
256,942 2,942 106,889 371,186 339,450
118,283
11,464 133,406
179,898
23,987
180 25,429
24,334
505
505
Interest on Finance Usage
Lease
410
13,253
13,663
15,548
3,447
5,792
634,909 4,151 142,964 791,263
803,287
Year ended 31
De￿rnber 2023
3,410
7,567
662,098 5,760 124,452 803.287
Elder and Administrators Staff Costs and Administration Costs have been allocated on
the basi5 of an estimate of time spent by the Elders, Administrator, Furniture Scheme
Manager, Foodbank Staff, and Café Manager. Premises costs and the interest on the
loan to fund the building purchase have been allocated on the basis of usage of the
building. Premises costs include depreciation of Building Improvements of £35,852
(2023.. £71,330) and £20,000 for Propety (2023.. £20,000). The balance of
depreciation costs of £8,619 {2023.' £8.032) is within administrative costs.
19-

King's Church Darlington
Noies fom)ing part of the Flnancial Statements for th• Year ended 31 D•cembor 2024
6 Total exponditure (cont.)
Year Ended 31 December 2023
Church Meetings
Extemal Events
Evangelism & Training
Youthlchildren's Work
Grants to Organisations
Direct
Direct
Direct
Direct
8,671
200
985
9,279
264
8,935
200
985
9,279
Direct
Direct
25,083
2,248
Grants to Individuals
Independent Examiners
Fees
Furniture Recyded
Café
Foodbank
King's Sports
7,493
1,500
32,576
3,748
Direct
Direct
Direct
Direct
Direct
2,350
2.350
138.437
23,073
24,474
136,468
22,381
1,969
692
24,474
205,315
2,350
36,392
244,057
staff Costs
P￿MiseS Costs
Administration Costs
Time
Usage
Time
2,923
1,461
5,397
243
244,083
174,501
23,117
2,923
88,060 339,450
179,898
24,334
487
487
Interest on Finan￿ Lease
Usage
15,082
662,098
15,548
124,452 803.287
3,410
7,567
5,760
7 Net Incoming resources
Net incoming resources are stated after charging:
Y8ar ended
31 December 2024
Year onded
31 December 2023
Depreciation
Independ8nt Examiners Fees
64,471
704
99,362
2,350
-20-

Klng's Church Darllngton
Notes fomiing part of the Financial Statements for the Year ended 31 Docomber 2024
8 Staff costs
Stsff costs were as follows..
Year ended
31 December 2024
Year ended
31 December 2023
Salaries and wages
Social security costs
Pension costs
327,725
22,544
23,274
373,543
303,035
18,941
20,337
342,313
No employee earned emoluments of more than £60,000 in a year (2023.. none). The
Church operates a defined contribution pension scheme which requires the Church to
make contributions of 80A, provided that the employees match the 8 /0 contributions.
The contributions made by the Church for the year were £23,274 (2023: £20,337).
Total termination payments amount to £Nil (2023: £9,000) and relate to settlement
agreements for employments terminated in the current year. No amounts are
outstanding at the year end (2023: £Nil).
The average number of employees during the year, calculated on the basis of full-time
equivalents was as follows:
Year ended
31 December 2024
Year ended
31 December 2023
Church Elder
Church Administrator
Youth Worker
Furniture Scheme Worker
Café Worker
Cleaner
Foodbank Staff
12.4
11.4
21

King's Church Darflngton
Notes forniing part of tho Flnanclal Statements for the Year ended 31 D8￿mber 2024
Trustse8 remunoration and related party transactions
There were trwo trustees who received remuneration in the year (2023: three) for their
services as Elders, as permitted by the Memorandum and Articles of Association.
These were the only key management person who received remuneration in the Cu￿ent
or previous year. Total emoluments were £79,473 (2023: £96,223), induding pension
contributions of £5,887 (2023: £6,151).
The highest paid trustee, Mike Coltman, received emoluments in the year of £53,203
(2023: £50,875) including pensron contributions of £3,941 (2023.. £3,626).
The trustees mentioned above were reimbursed for expenses totslling £1,606 (2023..
£2,657). These expenses were incurred perfomiing their duties as Elders, and mainly
comprised travelling, hospttality and telephone costs.
No other Director or other person related to the management of the Church had any
personal interest in any contract or transaction entered into by the Charity during the
year.
10
Grants made by tho Charity
In the year, the Church made charitable grants from unrestricted funds of £28,177
(2023: £27,311) which comprised £26,644 to organisations (2023: £25.083) and £1,533
to individuals (2023: £2,248). The largest gifts were £6,000 towards th& works of Christ
Central, being the organisation which co-ordinates the subgroup of NewFrontiers to
which the Church is affiliated and gifts of £6,780 to Gud Forst Christcentral,
Newfrontiers church plant in Sweden, and £6,664 to Centrul Crestin Brasov,
Newfrontiers church In Romania.
In all cases gifts were made to further the aims of the charity being to further Christian
faith and also bring relief to persons in conditions of need, hardship or distress, or who
are aged or sick.
11
Taxatlon
As a charity, King's Church Darlington is exempt from tax on income and gains falling
within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains
Act 1992 to the extent that these are applied to its charitable objects. No tsx charges
have ansen in the Charity.
-22-

Klng's Church Darlington
Notss fomiing part of th• Financlal Statoments for th• Year ended 31 Decèmber 2024
12
Tangible fixed assets
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
55,864 77,138
5,144
1,301
11,658
54,563 80.624
43,129
1,128,229 500,000
50,656
695
1,178,190 500,000
1,804,360
55,800
3,654
1,856,508
43,129
Depreciation
At 1 January 2024
Charge for the year
Disposals
At 31 De￿rnber 2024
51,140 67.181
1,179
3.610
1,290
1,489
51,029 69,282
27,808
3.830
1,048,426 355.000
35,852
20.000
301
1.083.977 375,OCK)
1,549,535
64,471
3,080
1,610.926
31,638
Net Book Value
At 31 Docember 2024
3,534 11,342
11N91
94,213 125,000
245,580
At 31 December 2023
4,724
9,977
15,321
79,803 145.000
254,825
The net book value of assets held under finance lease amounted to £125,000 (2023: £145,000).
13
Debtors
31 December 2024
31 December 2023
Other debtors
Prepayments
26,724
8,237
34,961
6,614
7.499
14,113
14
Creditors: Amounts falllng due within one yoar
31 December 2024
31 December 2023
Trade creditors
Taxation and social security
Accruals
Flnance lease
41,076
9,091
13,679
32,721
96,567
8,629
8,587
8,094
30,837
56,147
Amounts owed under finance lease are secured by the assets to whrch they relate.
-23-

Klng's Church Darllngton
Notes fomiing part of tho Financial Statements for the Year ended 31 December 2024
15
Credltors.. amounts falling due after one year
31 December 2024
31 December 2023
Finance lease
202,529
235,250
On 18th January 2007. the wmpany entered an arrangement to purchase a propety.
The temis of the arrangement were to pay monthly instslments of £3,708 over a 25-
year period, at which point the company has the option to purchase the freehold for a
nominal amount. The agreement was backdated to 1 April 2006.
Amounts owed under finance lease are secured by the assets to which they relate.
Analysis of net assets between funds
16
Year ended 31 December 2024
Unrestrlct•d
Funds
Restricted
Funds
Total
Funds
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Net assets at 31 December 2024
245,580
130,131
(96,567)
202.529
79,615
245,580
143,480
(96.567)
202.529
89,964
10,349
10,349
Year ended 31 December 2023
Unrestricted
Funds
Restrict
Funds
Total
Funds
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Net
assets
at 31
December 2023
254,825
72,059
{56,147)
235,250
35,487
254,825
140,555
(56,147)
235,250
103,983
68,496
68,496
-24-

King's Church Darllngton
Notes fomiing part of the Financial Statements for the Year ended 31 December 2024
17
Movement in funds
Year ended 31 Decfrmber 2024
As at 1 January 2023
Incoming Resources
Outgoing Resources
Transfer between funds
As at 1 January 2024
Incoming Resources
Outgoing Resources
Transfer be￿een funds
As at 31 December 2024
141,9C6
554,246
{678,835)
18,170
35,487
641,790
(648.299)
50,637
79.615
61,268
48,926 254,134
81,335
17.555 653,136
(83,403) {1,500) (39.549) (803,287)
18,170
8,762
103,983
71,367 777.244
{19,677) (791,263)
50.637
9,815
2,034
59,200
64,087
(123,287)
534
534
89,964
Pur
ose of the Foodbank Fund formerl Gift Da
Fund
This fund is built up from donations to support the activities of the Fo¢)dbank.
At 1 January 2024 the brought forward fund was £59.2(Y). Further gifts of £64,087
were re￿iVed in the year. Expenditure was £123,287 such that closing funds were
£nil.
Pastoral Hel Fund
This fund is av8ilable to meet the needs of those in financial difficulties. A balance of
£534 was brought forward. There was no movement in the year.
Grant Income
Foodbank.. A brought for4vard grant to support clients of the Foodbank who were in
need of £6 was added to by a fvrther£3,000 grant in the year. All £3,OC6 of funds were
expended in the year. Grants of4,000 towards salary costs, £4,000 towards food costs
and £1,000 towards the running of vehicles were received in the year. Only £3,000 for
food costs remained unspent at the end of the year. A grant of £1,088 for the
establishment and upkeep of a food bank garden facility was brought forward. A further
£121 of grant income was received in the yearand £1,115 spent, leaving a closing fund
of £54.
-25-

Klng's Church Darlington
Notes forming part of tho Flnancial Statements for the Year ended 31 December 2024
17
Movement In funds (cont.)
Grant Income
cont
Fumiture Scheme.. The Church holds grantfunding designated to fund the running and
replacement costs of a Furniture Recycling Scheme van. The opening balance was
£2,451. An additional £148 was re￿1Ve￿ in the year and £2,450 was spent on
maintenance costs, leaving a closing balan￿ of £149. An unspent grant of £326
towards establishment of workshops was brought forward. This was expended in the
year.
Other.. A number of other grants were utilised as follows. £950 towards the funding of
a Soup Kitchen wa5 brought forward of which £199 was expended in the year leaving
a closing balance of £751. £139 to fund equipment for King's Sports was brought
forward and remained unspent at the year end. An unspent grant to replace the floor
in one of the halls in the King's Centre of £941 was brought forward and utilised in the
year. This expenditure was capitalised and transferred to unrestricted funds. Grants
of £1,368 towards the support of overseas mission workwas brought forward. A further
£1,020 was re￿iVed and £1,367 was spent, leaving a closing balance of £1,030.
Grants of £1,262 to support the work of Soul Hope Uganda We￿ brought forward and
remained unspent at the year end. £A brought fO￿ard grant of £21 to allow the
purchase of books was brought forward and remained unspènt at the year end.
Brought forward grants funds of £210 towards the funding of new furniture for the café
was fully utilised in the year.
A number of grant funds were received in the year to improve the King's Centre.
Funding to improve energy efficiency of £42,552. to replace a boiler of £1,700, to
improve the wi-fi capacity of £1,492. and to improve kitchen equipment of £2,000 were
all received and spent in the year. A further grant of £3,725 for centre equipment was
largely spent with £109 carried fO￿ard, and a grant of £3,300 to procure IT equipment
remained unspent at the year end. In totsl £49,696 of this expenditure was capitalised
and the associated assets transferred to unrestricted funds, the terms of the grant
funding having been fully met.
Year ondod 31 Decomber 2023
As at 1 January 2022
Incoming Resources
Outgoing Resources
Transfer between funds
As at 1 January 2023
Incoming Resources
Outgoing Resources
Transfer be￿een funds
As at 31 December 2023
223,936
515,120
(599,370)
2,220
141,906
554,246
(678,835)
18.170
35.487
39,545
78,528
{56,805)
2,834
16,866
283,181
53,957
647,605
(800) (19,677) (676,652)
2,220
61,268
48,926 254,134
81,335
17,555 653,136
(83,403) (1,500) (39,549) {803.287)
18,170
59,200
534
8,762
2,034
103,983
-26-

King's Church Darlington
Notes formlng part of the Flnancial Statements for the Year ended 31 December 2024
Leases
a) Finance leases- lessee
The only finance lease relates to the purchase of Land and Buildings. The terms of the
lease require quarterly instalments of £11,125 to be paid over a 25-year period
commencing on 1 April 2006. The building has been valued at £S00.000 and interest
of £612,500 has been allocated on a sum of digits basis. The capital payment of the
lease is due:
31 December 2024 31 December 2023
Within 1 Year
Within 2 to S Years
After 5 Years
32.721
149,731
52,798
30.837
142.192
93,058
235,250
266,087
b) Operating leases -1ossee
Totsl future minimum lease payments under non-cancellabl6 operating leases are as
follows..
Pa able
31 December 2024
31 December 2023
Not later than one year
Later than one and not later than
five years
Later than five years
682
682
1,877
2.559
2,559
3,241
19
Share capital
The company does not have a share capital. In the event of a winding up, every
member at that time is required to contribute £1.
20
Reconclliation of nat oxpendiiure to not cash flow from oporating activltles
Y•ar ended 31 Dec•mb•r 2024
Year
ended
Total
31
Funds December
2023
Unrestricted Restrlcted
Funds
Funds
Net (expenditure)lincome
Depreciation charges
Interest charge
Loss on disposal of fixed assets
Decreasel{increase) in debtors
(Increase)Idecrease in creditors
Net cash providedl(used in)
operating activities
44.128
64.471
13,663
359
(20,848)
38,536
140,309
(58,1471
(14,019) (150,151)
64,471
99,362
13,663
15,548
359
(1,771)
(20,848)
{141)
38,536
2.478
(34,675)
(58.147)
82,162
Year ended 31 December 2023
9,057
(43,732)
(34,675)
-27-