Char]ty reglstratlon nurnber 1119560
Company regislratlon number 06212770 (England and Wales)
KINGS COMMUNITY CHURCH (SOUTHAMPTON)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
chartered Certified Accountants

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
LEGALAND ADMINISTRATIVE INFORMATION
Trustee8
Mr I Chiddle
M5 E Curtayn8
Mr P Grant
Mr R Hemmlng
M8SLau
Mr S Mclntyre
Mrs H Quarshie
MrJ Treachér
Mr lan Conabeer
(Appointed 29 Jenuary 2024}
Secr•tary
Mr G Brombley
Charlly number
1119580
Company numbgr
06212770
Regi8tDred offlce
Sovereign Place
Upper Northam Road
Hedge End
South&mplan
Hampshlre
S030 4BZ
Audltor
SumerAudit
Piper House
4 Dukes Court
Bognor Road
ChiBhe8ter
West Sussax
P019 8FX
8ankern
Barclays Bank plc
POBox612
Bar¢l8y8 House
Southampton
Hampshire
BX3 2BB
Triodos Bank NV
Deanery Road
Bristol
BS15AS

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
CONTENTS
Pag•
Trust888' rèport
Indepèndent audltofts report
statement of flnanclal 8Ctlvllie8
10-11
Balance sheel
12- 14
Slatsment of cash flows
15
Notes to the fin8ftcl81 statement8
16-36

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The tnJstee5 pra5enl their annual report and financial statements for the yeaf ended 31 March 2024,.
The financial slatements have been prepared in accord8nce wlth th8 accounting policies set out In note 1 to the
financial statements and Eomply with tha charlty's Mamorandum and Arbcles of As50clallDn, the Companles Act
2008 gnd "Accounllng and Roportlng by Charltles.. Statement of Recommended Pracllca appllcable to charltles
preparlng thelr a¢counls in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102)" {effecliv8 1 January 20191.
Oblactlvts and a¢tlvltle8
The Iruste&s regularly review the 8tms, obl8Ctlves and actlvltles of the charlly. They have consldered th6 Ch2rity
Commis51on's general guidgnce on public benefit and Its supplementsry guldance on thè advancément of religlon
for the publlc benefit.
King's Cornmunily Church (Soulharnpton) Is a member of the nalion21 body of the Evgngellcal Alliance, as well 84
being a part of the New Frontlers and Catalyst groups of ehurches. The Church Is besl described as a blble
bellevlng charlsmallc Christian church. As such, its highest purpose is to honour Jesus Christ as Lord by seeklng to
lov8 and serve God. e3ch other in the church and those In Ihe world around u8. Spèclflcally we alm lo:
Encourage 5pliitual growth In Chrfst.
Provld6 pastoral care and fellowshlp.
Provlde opportunltle5 to develop mlnlstry abillty 8nd seNlce.
Outreach In the communliy around us.
Engage In Intematlonal mlsslon.
Wo $8ek to further these objects by provldlng meeting8 for corporate worshlp, fellow8hlp and prayèr. Nore Intlmate
fellowshlp and sharing opportunltles come In thé regul8r connect group meetings. There are speciflc Iralnlng
courses for new Chrlstlans and for various mlnlsty skills useful In tho church.
We have a number Df actlvltles for young paople from the church and local community. These Include events for
youth and PTirnary 5¢hool aged chlldran, Chuckles for parent& and toddlers, a8 well 8s Small group rneetlngs for
bible 8tudy and worshlp. Our aim is to make all these meetlngs relevant lo young people so that they are able to
comè to a personal experience of thé lov8 of God and find expre88ion for thelr fAlth In hlm.
Our outreach to the ¢ommunlty Includes a ministy for the elderly. a8 well as a varlgly of evanls that will appeal to
those who ale unchurched. Church members are involved in various voluntary groups, tharitsble organlsations and
also direct evangellcal enterprlses to wln people lo Chrlst. Agaln, our PUTpose is for people Df all ages lo come to a
place of fallh in Christ.
The trustess have pald due regard lo guidance Issued by the Charity Commlssion in de¢kllng what activlÉies th8
charlly should undertake.
Grant making poll¢y
The tru5tee5 conslder the making ol grants to be an effective way of provldlng support primarily to overseas
churches. In conlunclion with Ihe eldeTS they revlew commitmen15 each year as part of the budget settlng process.
If additional needs arise, Ihe3e are presented to the church and an offerlng Is taken up.
Applications for grants are not Invtted.
Volunt¢ers
rhe church is Involved in a wide range of ministry to the local community and Internationally. Thls would not be
possible without the voluntary efforts of 8 large number of the thurch's members and the trusteés are grateful for all
ihe lirnè Ih8y have given, often saciifiryally.
Achievements and performance
The Church hss continued to grow throughout the year and now we regularly see over 900 people attendlng scross
our 2 locations and 3 meetlngs {2 in Hedge End, 1 in Totton). There have been multlple times in the la51 year when
in person Sunday attendance Is over 1000.

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
We are seelng conllnued growlh at our Totton slte with an average attendance of around 70 adults and ¢hlldren, we
are conttnulng to work towards our larget of 100.
At (he end of the 2023124 financlal year we started a churd) In Weston, Hope City Church Southampton. This was
started in partnership wih the local Anglican Church. Holy Trfnity Weston and W6slon Communlly Youth Project,
together we successfulty applled for granl fundlng which enabled the new church to be stsrt¢d, This was one of Ihe
organisational goals for the year. The majoTlly of ihe soclal acllon mlnl8tries that Klng'8 Community Church run5 in
Weston from the Hope C&ntre, wlll ba transferr8d to the new church in the next financial year. Approximately 35
adults 8nd chlldr8n moved from King'B Communlty Church to Hope Cty Church, the trustees feel thls wlll have
small Impact on olwlng throughout the comlng year whlch has been taken into a¢￿U￿t throughout the budgeting
proces5.
We look the sad d8clslon to clos8 part of our elderly mlnl81ry due lo the increased skllls, Iralning and experlence
required of the team. Those attendlno were Increasingly fraglle and the requlremenl8 were becomlng un8chievablo
with unpald staff.
The construction of a sensory room has been delayed. The Trujtses have dec5ded to pause the project until the
flnancial picturè is clearar duè to Blgnlflcant Increa8es In the build costs. It Is our hope that thls PTOjOCt wlll be
completed within the next financi81 year.
Our Communlty Outreach acllvltSe8 have been 8USt&ined throughout the year, supportlng people In need In our local
sre?. Our Food Centre has seen slgnificanlly Incr8ased actlvlty and we are grateful for the many organisaticns and
Indlvldu816 that have supporte(i It through grant3 anLa donations of food, La81 year120231 the Increaslng number of
volunteers at Hedge End made up 1423 food parcels. provldlng food lo 4299 local people and in Weston made up
835 parcels , provldlng food to 1707 people.
We are keeplng our soc181 acllon mlnlstry under review and have appolnted a naw member of staff lo overseè our
work and wlth the oblectlve of putting together a vlsion and plan for our communlty outreach minislries going
forward. We are cpnllnulng to encourage personal evangellsm among the church membeis and have plans in place
for 2024125 to BUPPQrt thls effort
Wa dld not achieve our goal of incregsing the nurnber of volunteers on 8aNlng le4m8 by 300k with 700A of members
serving in at least one rol8. We endèd the nnanclal year with 550k of church membèrs servlng, whlch Is slmilar lo
the percenta9e from Ihe previous year,
FlnanGlal rovlew
A substantl81 proportlon of the church's Sncome come5 from the regular giving ol 115 membBr5 for which the plders
gnd trusteès are extremely grateful. This exceeded expectafjon$ and was £1,173.969 an Increase of 13% from the
previous year {2023:£1,036,797)
The Special offerlng In 2024 was £149,768 and was for use towards the Core costs Df the church including
community Outreach minlstrle5 and the mortgage repayments. The speclal offering has been classed as unrestrlcled
fvnds. As part of Ihls offoring, we often receive pledges of future doneilon5' these 8re recognlsed upon receipt and
henca wlll fall into the 2024125 acGounts.
Our conferencing and cafe act[￿tY has p8rform8d well and achieved a prolit of £82,608 (2023.. £80,642).
This year we beneflled from a le8se settlement because one of our large office rental lea58S was terminated early,
resultlng In hlgher rental income than in previous years, In the comlng year, this will result In a reduclion in recurrlng
infjome of approxlmately £70,000, and we are looking to recover part of this by lelting some of the vacated office
space.
Expenditure has been kept Constantly under revlew wlth the priority being to continue as much mlnlslry as p0551ble
within the bounds of financial prudence.
The church owns the propety, 9 Upper Notham Close IGlenbauffle), Ihls is an Investment in the account8 as it is
no longer being used for ministy and is being let oul tD ten£nts. The trustees intend lo sell Ihis property in 2024125
financial year wlth some remedial work5 being done in the first half of 2024125.

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The total fund8 held by the charitable group at the balance Sheet da18 are £3,388,93812023'. £3,336.7981. Indudèd
In th18 are £113,339 (2023.. £128,811) held In restricted fijnds and £2,844,954 (2023.. £2.895,980) held in designated
funds.
The trustees have considered a number of factors In reviewlng ihe level of reseN8s requlred..
The current economlc cllmat8
Th8 leval of regu12r giving by church members
The requlremenl for worklng caphal
The amount of re5erve8 tied up in fixed assets
The 8blllty lo r8ls8 addltional fulld5 should th8 church face financial dlfficuSty
The Irustees conslder that the level of free ieserves. after allowing for unrestri¢ted reserves tied up In fixed assets
and Investments. should be bétween one and threè months éxpendlture.
Free resetves are £342,396 for the Church and £430,645 for the group, whlch Is around 3 months of expenditure.
The trustees h8ve a risk managemant gtrategy Ihat indude8 an ?nnual revlew of the PTlnclple risks and
uncertalntles faclng tha chArfly and Its subsldlar188 and the establishment of pollrie8 and procedures to mitigate
those rlsks.
Plan• for future perlodg
The Irustè8s feel we are well placed to continue our growth slratsgy and fulfil our mission of preachlng the gospel
acr085 the Solent aréo.
OUT oblectlve8 for the comlng year ar8:
SeH 9 Upper Northam Close (Gl&nbournel.
• To start the build of thé sènsory room projèct.
Slart lo overpay on Ihg mortg8g8,
To contlnue to develop our Sundays 8nd the rélaled 6ervlng teams.
To Invest in Staff and leadershlp weNbeing.
Continue to develop a clear plpeling of leaders.
To have a vlslon and plan for our communily outreach rnlnlstrlès.
structuvè, govom#n¢e and man2gem8nt
The church was originally establlshed by 8 Declaratlon of Trust dated 20 January 1986 and tha assets and Ilabllllles
were transferred to Kings Communlly ChLbrch (Southamploni. a company limited by guaranlee, on 1 April 2008 in
order to improve the admin181r8llon of the charlty,
The trustees, who are also the dlreclors for the purpose of company law. and who served durlng the year and up to
Ihe date of slgnalure of the financial statements were..
Mr I Chiddle
Ms E Curtayne
Mr M Fakley
Mr P Grant
Mr R Hpmmlng
MsSLau
Mr S fvAclntyre
bjrs H Quarshie
Mr J Treacher
Mr lan Conabeer
(Reslgned 27 November 20231
(Appointed 29 January 20241

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The elders of the church are tho members of the company and they appolnt the trustees, who remain in offl
thereafter. The Iru8l&es of the charlty are drawn from the actlvo mgmbers of thé church wtth the approprtate ski115
for BC￿rd membershlp.
None of the trustees has any beneficial interest in the company.
The truste68 focus their allentlon on strateglc and poliw Issu86 includlng key financial declsltsns. The day lo day
management of the charlly18 delegAt6d to a mgnagement leHm consisllng of Andrew Johnston, Nichola5 Brennan
and Emma RobertB. Spiritual maller8 are ov@rsean by Ihe elders of the GhuTch. The trustees meet from tlmè to
time wlth the èlders to ensurè thal strategy gnd policy are conslstent wlth the splrltual alms of the church,
The elders of Ihe church durlny the year were..
Sam Afari
ChfistopherAlllson
John Banks
Nicholas Brennan
Martln Hughes
Andrew Johnston
Chrlslopher Johnston
Victor Lau
MauilGe Redmlll
Tom Wllliams
The elders of the church are the members of the cpmpany and guarantse lo conliibute £1 In the event of 8 wlnding
The Iraining of elders and trustees Is dlscussed al their maetlnys and the church budget Includes provlslon for the
costs of any required training lo be met,
The remuneratlon of k8y management Is revSewed 8nnually by the Trustees. Each role within the church is subject
lo an evaluallon proce88 that considers Its responsibilities and the skllls and experience requlrèd to fulfil 11. Pay
scales are compared wlth the mark818nd similar organlsallons, Pay leve13 are generally sel below the average for
the private & publlc Bectors.
The Tru8t683 have adopted th& Charlty Governance Code and used an asse88ment template to understand Ihe
current level of compliance. An improvement adlon plan has been prepared and progrè85 will be monitored durlng
the comlng year.
The church has one wholly owned 8ubsidiary, KCC Enlerpri59s Ltd, whl¢h undertakes commercial oCtlvltl88 on
behalf of the church.
Asset cover forfunds
Note 30 sets out an anslysis 8ttribulable to the varlous funds and a de$¢rfptlon of the trusts. These assets are
suffrcSent to meet the chBrity's obllgafjons on a fund by fund basis.

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Staloment of trustees, responslbllltles
The trustees. who Ére also the directors of King3 Communlly Church ISouth8mplon) for the purpose of company
law, are responsible for preparlng the Truslees, Report and Ihe financisl statements in accordance with applicable
law and United Klngdom Accourrtln9 Stsndards (Unlted Klngdom Generolly Accepted Accountlng PTacllce).
Cornpany Law reqLtire$ the trustees to prepare flnancial statements for efjch flnanclal year which glve a true and fair
vlew of the slate of affalrs of the charity and of the incoming resources and appllcation of resour￿8, including the
Income and Éxpenditure. of the charitable company for Ihat year.
In prep8rlng these finandal 818temenl8, Ihe trustee5 are requlred to..
5elecl sultable occountlng pollcies and then apply them conslstently-,
obseNe tha m6thods and princlples In the Charltlas SORP.,
make Judgements and e8timal88 thot are reasonable and prudent.,
8tate whether applicable UK Accounting Standards have been followed, 8ubjeci to any mAlerfal departures
disd05ed 8nd explalned Sn the Itnanclal $18teFnenl8', and
prepare the ffnanclal statements on the going concern basls unless It 1$ Inappropriate to presume that the charlty
will conlinue in operation.
The trustees are responslble for keep5ng adequate accounllng records that dSsclose ￿ reasonable accuracy at
avry time th8 finan¢ial position of the charity and enable them to Bnsure that the financlal statements comply with the
Companies Act 2006. They are also re8ponslble for safeguardlng Ihé assets of the charity and hence for taklng
reasonable steps lor the prevention gnd delectlon Of fraud and other Irregularille8.
Audl*or
The auditor, SumerAudlt, is deemed to be re-appointed under 848712) ot the Compani88 Acl 2006.
01sclosuro of Information lo audltor
Each of the TrustlX16 has confirmed that there Is no Informatlon of whlch they are aware whlch 55 rel?vant to Ihe
audlt, but of whlch the auditor Is unaware. They have further confimed that they have laken appropriete steps to
identify any such relevant Information and lo estab116h that the auditor Is aware Df such inlormallon.
rt. has been prepared in accordance with the Speclal provi8ions relallng io small companie5 wilhln Part 15
ompani8sAct2006.
Thi
oft
e8s'
port was approved by the Board of Trustees.
Mr P Grant
Tru?tee
Oate...a,i ..,.Q.&+...,2D.14

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF KINGS COMMUNITY CHURCH (SOUTHAMPTON)
Oplnlon
We have audlled the financtal slalements of Kings CommUn￿Y Church (Southampion) (the 'charity and the group,)
for the year ended 31 March 2024 whlch comprise the statement of financial actlvltlés, the balance sheet. the
ststemenl of cash flows and notes to the financlgl statement5, IncludSng 8ignlficant accounllng pollae$. The financlal
reporting framework that has been applied In thelr preparation is appllcable 18w and United Kingdom Accountin9
Standards. includlng Financial Reportlng Standard 102 The Flnancial Reporting Standard applicable in th8 LJK and
Republic of I￿19nd (United Klngdom Generalty Accepted Aceounting pract1￿).
In our oplnlDn, the finandal stalÈmenl$:
glve a Irue and fair vlew of the state of the chaTlt8ble company and group's affairs as at 31 March 2024 and of
its inceming resources and appllcat]on of resourte8, includlng its Income and 8xpendilure, for Ihe yBar then
ended:
have been properly prepared in accordanEe wllh United Klngdom Generally Accepted Accountlng Pracllce;
and
have been pr8pared In accordence with the requirem&nts of the CompanSes Act 2006.
Ba81s lor oplnlon
We conducted our audit In accordancè wlth Internatlonal Standards on Audlting (UK) {ISAs IUKII ond appllcable
law. Qur responsibllllle8 under those standards are further d¢scrlbecl in the Auditors tssponsiblllties for the audit of
the financial statements section of our r8POrt. We Bre Independent of the Charlly and the group in accordance with
the ethlcal requir8menl8 thot are relevant to Dur audit of the Itnandal ?lalements In the UK, Including Ihe FRC'S
Ethlcal Standard, and we have fulfilled oui other elhic81 r8spon8ibilltles in accordance wllh these raqulremenls. Wo
belSeve that Ihe audit 8vldence we have obtalned Is suffi¢lent and appropriale to provide a ba8is for our oplnlon.
Concluslons relatlng to golng concom
In 8udlling the financlal slatsments, we have concluded that the trustee5' use ol the golng concern ba81s of
accounllng In the preparatScn of the flnan¢io1 sl&t8ments13 approprfate.
Ba8ed on the work we have performed, we have not identrfi8d any malarl81 uncertalntles r8lallng to ev8nts or
conditions that, individually or collectively. may cas18ignificanl doubi on the charfly's and the group's abllily lo
conllnue as g golng concern for a peTIDd ol at le851 Iwelve monlhs from when the flnancial statements are
authorlsed lor issue.
OUT responsibilities and the re6ponsiblllties of the trustees wlth respect to golng concern 8re descrlbed in the
relevant séctlon8 of thi$ report.
other Informatlon
The trustee5 are rvsponslbl8 for the olhor informallon. The other Informatton comprises the informatlon Included In
the annual report other than the financial statéménts and Dur auditor's report thereon. The trustee5 are responsible
for the other information contained wlthln the annual report. Our opinlon on the fin8ncial statements does not cover
the other Information and. except to Ihe exlent othe￿[Se explicitly slated in our report, we do not express any form
of assurance concluslon Ihereon.
In Connectlon with our audit of the financial 61atemenls. our responsibility is to read the Other Informalion and. In
doing so, consider whether the other Informallon is maletlalty inconslstent with the flnanclal statements or our
kno￿Odge obtained in the course of the audit, or otherwise appears to be materially mi551ated, If we lden￿fy such
materSal Incon51slencies or apparent rnatèrlal misslatements, we are requlred lo determine whether Ihls glves rise to
a rnateri21 mls5tatement In the financial slatem6nts Ihemselves. If, based on the work we have perfonn8d, we
conclude that there is a material rni5stslement of this other Infomiatton, we are requlred lo report that fact.
We have nothing to report In thi5 regard.

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KINGS COMMUNITY CHURCH (SOUTHAMPTON)
Oplnlon$ on other matters prescrlbèd by the Companles Act 2006
In OUT opinion, based on the work undertaken in the course of our audiL'
the infom131ion glven in the trustees. report for the finandal year for whlch Ihe fjnancial ststéments are
prepared, whlch includes the dlreclors, report prepared for the purposes of company law, Is consistent with the
tlnanclal statsments-, and
the dirgctors, report included within the truslees, report has been prepared in accordance wlth applicable legal
requirement5.
Matters on whl¢h we requlred to report by exc&ption
In the lighl of Ihg knowledge and underslanding of the charlty and the group and Its envlronment obtslned In the
course of the aud￿. we have not Sdentified materlal misstatements in thé directors, report Included wlthin the
truslees report.
Wè have nothing to report In respect of the following matter8 in rela￿On to whlch th8 Companle8 Act 2006 requires
U8 to report to you if, in our opinlon..
adequate accounting re¢ard8 have not been kept. or returns adequate for our audit hav8 not been recelved
from branches not vlslted by us; or
the Ilnancial 8latementS 8r8 not In agreement with the accountlng record5 and rebjrns,. or
8rtaln d16clo8ure8 of twstees, remuneration spo¢1figd by law are nol made,. or
we have nDt received all the infarmailon and explanations we requlre for our audSt; or
the trustees were not FntTilad lo prepara the Iln8ncial statements In accordance with th8 small compani88
reglm& and take advantage of the small companles, exemptlons Sn pr8parlng the tru$tee6' report and from the
requlrement tp prepare a strategic report.
Respon¥lbllllleB of tru9tses
AS explained more fully In the statement of trust8e8' responsibllitles, the tru8teas, who are also the dlrectors ol the
charlty for the PUTPOSe of company law, are re8ponslble for the preparallon of Ihe financlal statements and for being
satlsfied that they glve a true and f8lr view, 8nd for 8uch intemal Gontrol as lh8 trustees determlnels necessary to
enabl8 the preparation Df finsncial statements thal are free from mat8rlal misstatement, whether due to fraud or
error. In preparing the financi81 statemerrts, Ihe trustees are responslble for assessln9 the charity's and group's
abillty lo continue as a goinG concam, discloslng, as applicable, matl8rs related lo going concern and using the
golng conc6m bas18 of accounts'ng unle55 the trustee8 ellheT Intend to Ilquidate the chailtable company or lo cease
operatlons. or hove no reallslic altematlve but lo do $0.
Audltoes re$ponslbilitiès for the audlt of the flnanclal 8tatemanl8
Our obJe¢lives are to obtain reasonable assurance aboul whether the financial statements a8 a whole ar8 free from
material mlsslatament, whether due to fraud or error, and to issue an audiloV5 Teport that Includes our opinion.
Reasonable assurance is a hlgh level of assurance but is not a guarantee that an audit conducted In accordance
with ISAS (UK) will always delect a material mSsstatement when It exists. Misstalements can arfse from fraud or
èrror and Bre conskjered rnateri81 rf. indlvldually or In the aggregate, they could reasonably be expected to Inlluence
Ihe ewnoTniC deciBions of users taken on Ihe basls of Ihese financlal statements.

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KINGS COMMUNITY CHURCH (SOUTHAMPTON)
Identiflcatlon and asse88ment of Irregularftle8 5ncludlng Iraud
Irragularllies, Including fraud. 8re Instances of non-compllance ￿th laws and regulation5. We deslgned procedures
in line wlth our responsibililles, outtlned above. to detect materigl misslatemenls in respect of irregularities, includlng
fraud. The extènt lo whlch our procedur8s were capable of delecling irregularities, Including fraud Is delalled below:
we focu8ed on speelfic laws and regulatlon$ which w8 consldered fflay have a dlrect materlal effect on the
financial statements or the operations of the charity and the group, Induding The Companles Act 20Q6.
we obtaln?d an understanding of the legal and regulatory framework applicablè to the enlily and how the
entity is oomplying wlth that framgwork by maklng appropriale enqulrlès of management as well as
con8iderlno lh8 Internal controls In place to miligate rlsks of fraud and non-compliancE with laws and
regulations.,
we mpde enqulrle8 of those charged wllh governance and man8gemenl ¢oncemlng-.
the risks of fraud.,
Instances of non-¢ompllance wllh lows and regulallons or knowledge of aGlus1, suspected, or
Blleged fraud18 documented durfng the perlod.,
we allocaled an engagement l•am thal we ¢on51dered collectlvely had the appropriete competence and
capabililies lo identify or rocognise nonry¢ompllance wllh18ws hnd regulations.
Audlt re8ponse to the rl8k of Irregularltle9 Includlng fraud
Based on the resultg of our rlgk as885smenl, our procedur&s Induded, but were not Ilmlted to,,
performlng analytical procedures to Identify any unusual or unexpected relationshlp8.
evaluallng whether the 8electlon and applicallon of account5ng polldes by the entity thet may be indlcative
of fraudulent financlal reporting resulting from management's effort to manage eamlngs.
ass85slng whether judgements and assumptlDns made in d8t8rmlnlng the accounllng esllmates set oul In
note 2 were indicativg of polentsal bias.
agreelng flnanaal ststement d15¢1osures to undèrlylng supportlng documenlatlon.
reading the minute5 of me8tlngs of Ihose charg8d wllh governance.
reviewing the ¢orr88pondence with relevant regulatory bodles.
tesllng of journal entrie8 to address the rlBk of fraud Ihrough management overrlde.
incorporating an element of unpredictability in the selecllon of the nature. timing, and extent ol our audli
procedures.
COFroboralino the buslness rationale for trangactlons outside the noTmal course Df buslness.
Coneluslons regarding th• rlsks of Irregularltles Includlng fraud
There are Inherent limitatlons In our audit procedures described above. The more removed that laws and
regulations ar& from flnancial transactions, the less likely il 15 that we would become aware of non-compliance.
Materlal misstalements that arise due to fraud can be harder lo deteci than those Ihat arise from error as they may
involve dellberate concealment or colluslon.
We con51d8red our audlt was capable of datèctlng ITregularfUes due to..
the effectiveness of the entity's intern81 controls.,
the nature. timing and exlenl of audit procedures performed. and
the absènce of contradictory evldence.

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KINGS COMMUNITY CHURCH (SOUTHAMPTON)
A further description of our responsibilities Is available on the Flnendal Reporting Council's webBile £1.. httPS'.11
￿￿.fre.0r9.Uklauditor￿resp0nslbl1it19s, Th15 descriptsDn forrns part of our aud(torfs r8port.
U$9 ol our report
Thi5 report15 made solely lo the compan￿9 and group'8 members, as a body, In acoordance wtth Chapter 3 of Part
16 of the Companies Act 2006. Our audlt work ha6 been undertaken so that we mighl 8tale lo the company's
members those m2tters we are requlred to state to Ihem in an audlloes report and for no other purpos6. To the
fullest ext8nt penmitted by law, we do not accept or a55ume responslbilty to anyone other than the company and the
ompany's members a5 a body, for our audll work, for thls reporL or for the opinion6 we have form8d.
Robin Evan8 BA FCA CTA DChA Isenlor 8tstutory Audltor)
forand on behalf of SumerAudit
Chartèred Certlllod Accountants
Statutory Audltor
Piper House
4 Dukes Court
8ognor Road
Chichesler
We51 Su¥sex
P019 8FX
SumerAudlt Is a tradlng nam¢ of Sumer Audltco Llmlled

KINGS COMMUNITY CHURCH {SOUTHAMPTON)
STATEMENT OF FINANCIAL ACTIVITIES (CONSOLIDATED)
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
UnMtrlcl•d Rostrf¢ted
funds
fundg
2024
2024
Totsl
Unrestricted Restrlcled
funds
funds
2023
2023
Total
2024
2023
Notes
Incom
Don8ilons and
legacles
Charltable 80tlv115es
Other Ir8dlng
actlvlues
Investments
Other Incorne
1,137,243
48,010
59,728
570
1,196.969
48,580
980,894
21.324
84,718
1,416
1,065,612
22.740
295,941
3,213
114,977
295,941
3.213
114,g77
221,748
583
108,601
221,748
563
108,801
Totsl Income
1.597.384
60,296 1,657.680
1,333,130
88,134 1.419,264
Ex •ndlture on:
Ralslng fundB
198,730
198,730
146,762
146,762
Charitable acllvllles
1,334,305
72,505 1,406,810
1.179.090
117,888 1,296,958
Totsl èxpgndlturo
1,533,035
72,505
1,805,540
1,325.852
117.888
1,443,720
Net galnslllosses) on
invBStments
15
297,900
297,900
Net Incomlnglloutgolngl
rosourcos b8for8
transfers
64,349
{12,2091
52,140
305,178
(31.734)
273,444
Gross transfers
between funds
19
1,263
11,2631
121,069
{121,0691
Not Incomellexpenditurnl
forthe year
Net movement In fvnds
65,612
113,4721
52,140
426,247
11 $2,803)
273,444
Fund balancgs at 1 April
2023
3,209,987
128,811
3,336,798
2,783,740
279,614 3,063,354
Fund balances at 31
March 2024
113.339
3.388.95&
3,209,g87
12S,811
3,338.798
All income and expenditu￿ derive from continuing actsvities.
The st8ternent of financlal actlvlties also complles with the requlremonts for an income and expendlture account
under the Companies Act 2006.
10-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
STATEMENT OF FINANCIAL ACTIVITIES (CHARITY ONLY)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctod Rostrlcled
fund9
funds
2024
2024
Total
Unrestrlcted Re8trfcted
fund8
funds
2023
2023
Total
2024
2023
Not08
Donatlons and
legacies
Charitable adiviti8S
Investments
Other Income
1,137,243
46.010
79.085
129,579
59.726
570
1,196,989
46,580
79,085
129,579
980,894
21.324
563
108,101
84,718
1,416
1,065.612
22,740
563
108,101
Total In¢ome
1.391,917
80,296
1,452,213
1,108.882
88,134
1,195,018
ndItU￿ ¢tri-
Charitable activities
1,334.305
72,505 1,408,810
1,179,090
117,868
1,296,958
Total oxpendlturo
1,334,305
72,505 1.406.810
1,179,090
117,86B
1,296,958
Net galnsl{losse8) on
Investments
16
297,900
297,900
Net Incomlnglloutgolng
resources before
tran8fers
57,612
112,209)
45,403
227,692
131,734)
195,958
Gross transfer6
between funds
29
1,263
(1,263)
121.069
{121,069)
Net incomgllexpendituroj
for the year
Nel movement In funds
58.875
113.4721
45,403
348.761
(152,803)
195,958
Fund balances 811 Aprfl
2023
3,128,475
126,811
3,255,288
2,779,714
279,814 3,059,328
Fund balances ot 31
March 2024
3,187,3¥
113,339
3,300,689
3,128.475
126.8'11
3.255,286
All income and expendlture derlve Irom Continuing activliiéÈ.
The statement of financial activitiés also complies wlth the requirements for an income and expenditure account
under the Companies Act 2008.
11

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
BALANCE SHEET ICONSOLIDATED)
ASAT31 MARCH 2024
2024
2023
Notes
FIX￿ asset
Tangible assets
Inv8StFrtent property
17
19
4,781,017
495.000
4,934,580
495.1)00
5,278,017
5,429,580
Cuntnt a¥s•ts
Stocks
Debtors
Cg8h 8t bank and In hand
20
21
2,581
113.423
521,427
774
225,311
362,821
637,431
588,906
CredllorA: amouits falllnq due wlthln
one yoor
22
(157,4521
<237,886)
Not current assets
479,979
351,020
Total agjets less CUTrnnt Ilablllll•s
5.755.996
5,780,800
Credftor8: amounts falllng due alter
more than ono year
(2,387,058}
(2,443,802)
N•1 a•••t•
3.388,93a
3,336,798
Incomo funds
Reslricted funds
ted lunds
Designated funds:
Flxed Asset fund
Mortgage fund
Slck pay reserve
29
113,389
126,811
2,812.954
15.000
17.000
2,895,960
30
2,844,954
430.645
2,895.960
314,027
General unr8$trlcted funds
3.,275,599
3,388,938
These flnanclal statements hav8 been p￿pared in accordance wilh the PTOVtsion8 applicable to companies subject
to the small companles r8glmè.
12

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
BA
NCE SHEET (CONSOLIDATED)
T31 MARCH 2024
clal.sl
Mr P Grant
Truatse
Cornpany rogl8tratlon number 06212770
13-

KINGS COMMUNITY CHURCH {SOUTHAMPTON)
BALANCE SHEET (CHARITY ONLY)
ASAf31 MARCH 2024
2024
2023
NoteA
Flxèd 1s90ts
Tanglb18 assets
InveBtment propèty
Investments
17
19
4,777,858
495,000
1,000
4.930,368
495,000
1,000
5,273,858
5,428,368
Current a$8at•
Debtois
Cosh at bank and In hand
21
110,194
438,418
177.833
330,861
548,810
508,494
Credltor¥: •mounts falllng du• wlthin
ono year
22
(154,721)
(236,774)
Net Qu￿ent assets
393,889
272,720
Total assèts le8B current Ilabllltle8
S,687,747
5,8Q9,088
Credltors.. amounts falllng du8 after
more than one year
23
(2,367,058)
(2,443.802)
Nel A88el•
3,500,889
a,255,286
Incom? fund8
Restrl¢ted fund8
113,339
126,811
Designated fund5'.
Flxed Assel fund
Mortgage lund
Slck pay reseNe
2,812,954
15.000
17,000
2,895,980
30
2,844,9S4
342.398
2,895.960
232,515
GenerBI uniestrlded funds
8,187,350
3,128,475
2,300,689
3,255,286
14-

KINGS COMMUNITY CHURCH {SOUTHAMPTON)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Ca8h flows Irom oporatlng actlvltles
Cash gen¢raled from op8ratlons
28
240,101
80,680
Inve$￿Th9 adlvltlo
Purchase Df tsngiblÉ fixed assets
Investment Income recelved
16,809>
3.213
(46.724)
583
Net cash ug?d In In¥estlng a¢tlvltleg
(3.5981
{46.161)
Financing aetlvltles
Repayment of bank loan8
177,899>
(93,293}
N•t eaih u6•d In financlng actlvltles
177,899)
193,293)
Nèt Increa8el(dacr￿S0) In cash and
equlvalonts
158,806
(58,774)
Cash gnd cash 8qufval8nts 8t b8glnnlng of year
362,821
421,595
Ca8h and ea#h equlvalents at end of year
521,427
362.821
16-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IWARCH 2024
Accounling pollcles
Company Inforniatlon
Kings Community Church (Southamptonl is a private company limlled by gu8rantee Incorporated In En9land
and Walès governed by its Memorandum and Artlcles of A3s0clation dated 13 Aprll 2007. Thè registered office
is Sovereign Place, Upper Northam Road, Hedge End, Southamplon, Hampshire, 8030 4BZ.
1.1 Accountlng conventlon
The ffnanctal $18tements hav8 been prepared in accordance with the chsrity's goveminy document, the
Companles Act 2008, FRS 102 "The Financlal Reporting Standard appllcable in the UK and Republic of
Ireland" fFRS 102.) and the Charitles SORP 'Accountlng and Reporting by Charit18s' Statement of
Recomm8nd8d Practlce applicable lo charllles prepaTing Ihalr accounts accordanco with the Flnancial
Reporting Standard applicable In ihe UK and Republlc of Irèland {FRS 1021. leffeclive 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102,
The financial statements are prepared In sterling, whlch the funcllonal currency of the charity. Monglary
amounts In thèse tln8nclal statements are rounded to the nearest £.
The ffnanclal &latem8nt8 have b&en prepared under the h18toric81 cost convantlon, Imodlfled lo Include the
revaluatlon of Ireehold propertlès and lo include inveslrnent properties and certain financlal instruments at falr
valuel. The princlpal accounting pollcles adopt&d are get out below.
1,2 Golng concern
Al the tlm8 of approvlng the financlal Blalemenls, the tru$lee8 have a reasonable pxp8clatlon th81 the Charlty
has adequate r8$ources lo continuo In operational exlslence for the foreseeable fuluie. Thus the tru$tee$
continue to sdopt the golng concern b881s of accounling In preparing the fin8nclal statements.
1.3 Charltable fund9
Unrestricted funds are avallable for use at the dlgcrelion of th8 trustees In furtherance of their charitable
objectives.
Deslgnated funds enmprise funds which havo been set aside al the discretlon cf the Irustees for speclfic
purposes. The purpDses and uses of the dèsignated funds are sel oul in th8 notes lo Ihe finanGial statements.
Reslricled funds are subject to speclfic condltlons by donDrs a3 to how they may bè used. The purposes and
uses of the restrlded funds are set out in the not&s to the flnanaal statements.
1.4 Incomo
Income including grants 55 recognlsed when the charity is legalty enlilled lo il after any performance condltlons
have b8én mel the amounts can be measured reliabty, and It Is probable thal incorne w(11 be received.
Cash donatlons are recognised on receipt. Other donatlons are rècognlsed once the chadty has been notified
of the donation, unless performance conditions require deferral of Ihe amount. Income tax recoverable in
relation to donation$ received under Gifl Nid or deeds of covenant Is recogn188d at the lime of the donation.
Legacie5 are recDgnls9d on ffceipt or ottrenNlse if the rharity has been nollfied of an Impending distribution,
the amount is known, and receipt is exp8Cted. If the amount 15 not known, the legacy is treated as
contingent 0S5et.
16-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles (CoDtlnu•d)
1.5 Expendlture
Expenditure is recognlsed once thor6 Is a legal or constructive obllgatlon to transfer economic banefit to
thlrd paty, It Is probgble thal a transfer of economlc benefits wlll be iequired in s8ttlernent, and the amount of
the obligation can b8 measured rèllably.
Expènditure is classlfied by acllvity. The costs of each actlvlty ere made up of the tolal of dlrect Costs and
shared costs, Including 8upport costs Involved in undertaklng each Bctlvity. Dlrect co$ls attiibutable lo a slnole
activity are allocated directly to that aclivlty. Shared costs whlch conlrlbuto to more than one activlty and
support costs which arg not altribulable to a single activity are apportioned between those activitses on a basis
onslstenl wllh the use of resources. Central slaff costs are allocated an the bas1$ of Ilrne spent, and
depr?ciation charges are allocated on the portlon of the asset's use.
1.6 Tanglble flxed a88et•
Tangible flxed assets are Inltlally me88ured at cost and subsequentty mea8ured 81 cost or valuation, net of
depreci?tion and any lrnpairmenl Iossos.
Depr8datlon 18 recogni88d $0 as to write off the cost or valuation of assets le85 Ihelr reslduol values over thelr
US8ful liveg on the following basls.,
Freehold18nd and bulldlngg
Flxlures and Itttlngs
Motor vehlrles
20k Stralght Line
20Q/g Stralghl Llne
20•19 Reduclng Balance
The gain or loss ari$lng on th8 dlsposal of an 88S8t18 detemilned as the dlffer8nc8 between the sale proceeds
and tha carrying value of the asset, and is recognised in the statement of financi81 acllvltles.
Assets purchased are capltall8ed If they are anbcipated to be ug8d within the Church'8 actlvitieo for at le88t 12
months, and cost in excess of£1,000 (net ofVAT).
1.7 Investment property
Investment property, thlch is property held lo earn rentals andlor for capital appreciation, is initi8lly
re¢ogni8ed Bt cost. ￿lch Includes the purchase co8t and any directly attrlbutable expendlture. Subsequently
it Is measured at fair value at the reportlng end dats. The surplus or defficit on revaluation is recognised In
profrt or1088.
1.8 Impaimient of flxed a88ets
At each reportlng end date, the charity reVIe￿ the c8rrying amounts of Its tsngible asset$ to determine
ether there is any Indication that those asset8 have suffered an Impalrment loss. If any such indlcation
exlsts, the recoverable amount of the assét Is estlmaled In order to detsrmine the extent of the Impairment
loss lif any).
1.9 Stocks
stocks are stated at the lower of c05t and estlmated sèlllng price less CDsI8 to complete and sell. Cost
comprises direct materials and, where applicable, dired18bour costs and those overheads that have been
Incurred In bringing Ihe sloGk5 lo Iheir present location and condition. Items held for dlstrlbulon at no or
nominal consideration are measured Ihe lower of replacement cost and cost.
Net realisable value is the estimated selling prlce less 811 estimated costs of completion and costs to b8
incurred in marketing. selllng and di8tstbution.
17

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accoumlng poll¢les fConllnu6d>
1.10 Cash and c8$h equlvalents
Cash and cash equlvalents include cash In hand, d8poslls h8td at call banks, other short-term liquld
InvéslmentS Wlth original meturllles of three rnonths or less, and bank ovardrafis. Bank overdrafts are shown
wilhln borrowings In current Ilabililies.
1.11 Flnanclal Inslrurnents
The charily has elected to apply the provlslons of Sedion 11 'Basic Financial Instrumants, and Sectlon 12
'Olhor Flnancl£l Instruments Issues. of FRS 102 to all of Its financiol Instruments.
Financlal Inslrumenls are recognised In the chaTIty's balance sheet when the r*ahty becomes party to Ihe
contractual provision8 of the Snslrument.
Financial a558ts and Ilabilltles are offset, with the nel amounts presented in the financtal Btatement5, when
there is a legally enforceable right Io s8t off the recognlsed amounts and thèra Is an Inlonllon to sèttle on a net
basis or to reall8e the £58el 2nd settle the liability slmullaneously.
Baslc flnan¢lal assets
Baslc ItnanGlal assels, whlch include debtors and cash and bank balances. are initially me8sured at
transaction prlce inGludlng transactlon co8ls and are subsequently carri@d at amortised cost using the efferlive
interest mèthod unless the arrangement constltute8 a financlng transaction, where the Iransactlon Is
measured at the presenl valua of the future recelpts dlscounted at a market rate of intere31. Financial assets
clas8111ed as recelvable within one year Bre not gmortlgod.
Basic financlal Ilabllltles
Baslc financial liabilities, Includlng credilor8 and bank loans are In￿lallY recognised at Iranssctlon pric8 unless
the airanoement constltutès a fin8ncing transaction, where the debt in8trument is measured at the prèyént
value of the future payments dlscounted al a maTket rate of Intsresl. Financlal liabllities cla581fied a8 payable
within one year arè not 8morti8ed.
D8bl in8trurnents are subsequ6ntly carrled at amortised c05t, using the effecilve Interest rale m8lhod.
Tr8de creditors are obligations to pay for goods or seNl¢es Ihat have been acqulred In the ordinary course of
operation8 from supplier8. Amounts payable are ciassified as current liabilities if payment Is due within Dne
year or less. If not, they are pr8s8nled a5 non-currenl 11gbllllle¥. Trade cieditors are rewgnised inltially at
transactlon pr1￿ and subsequenlty measured at amorused CDSt using the effective interest method.
Derecognition of financlal Ilablllties
Flnancial Ilabilltles are derecognlsed whan the charfty's contraclual obligallons explre or ara discharged or
cancelled.
1.12 Employèé benefits
The c05t of any unused holiday entlllemenl15 recognised in the pedod in whlch the employee's seNi¢es ere
recelved.
Termlnatlon benefrt5 are recognised immedlal8ly as an expense when the charlty Is d8monstrably committed
to temiinale the employment of an employee or to provide tsrmination benefits.
1.13 Rotlroment beneffts
Payments to defined contrlbution retirement benefit schernes are charged 05 an expense as they fall due.
18-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltlcal accountlng e8tlmates and Judgements
In the applicallon of the charity's accounting policles, the trustees aro r6qulred to make ludgemenls, esllmat8S
and assumptions about the canylng amount of assets and Ilabililies that ar8 not read1￿ apparent from Other
sources. The estlmate8 and associaled as8umplions are based on historical experlenco and other factor5 that
are considered to be relevant. AGtual results may dHfer from these esllrnales.
The estlmates and undertylng assumptlonB are revlewed on an ongoing basls. Revisions to accounting
estimates are recognlsed In thé p8rlod In which the estimate is revised where the revision aifecls only that
perlod, or In the period of the revision and future periodg where thè rèvIsI￿ affects both current and future
perlods.
Oonatlons and leg4cles
UnM8trl¢ted R88trlcted
funds
funds
Total
Unre6tricted RestF6cted
funds
fund5
Total
2024
2024
2024
2023
2023
2023
Donatians and glfts
Grant Income
1,137,243
36.726 1,173,989
23.000
23.000
974,698
6,196
62,og9 1,036,797
22,619
28,815
1,137,243
5g,726 1,19q.969
84,718 1,085,612
19-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
othor tradlng a¢llvitie8
Unr6$lrfcted Unrestrioted
fund8
fund•
2024
2023
Non-charitable trading acllvllle8 vla subsldlary company
295,941
221,748
Invè&thients
Unre81rlctsd Unrestrlcted
funds
fund•
2024
2023
Interest recalvable
3,213
563
The chorily onty Statement of Flnanclal Actlvtti&s also Indudes dlslrlbullon6 recelved from th8 trading
subsldlary 01 £76,872 {2023.' £0).
other Incom?
Unrestrlcted Unrestrlcted
lunds
funds
2024
2023
Cer pa￿ r8ntal and miscellaneous income
Offlce rent income
Othar Income, Includlng coronaviru6 grants
27,744
87,233
17,912
2,500
114,977
108.601
The charlty only Stslement of Flnancial Aclivilles also includes a recharge lo the subsldiary for rent, utilities
and administration support of £14,60212023'. £0).
21

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Exp•ndilure on ralslng lund8
Unro8trfcted Unrestricted
funds
funds
2024
2023
Tradlng costs
Operatlng trading cornpany undertakSng non-charltabl8 tradlng activity
Staff costs
Suppotl costs
67,181
77,583
1,998
7.450
146,782
Charltable actlvltles
Church Youth Work Communltylnternatlonal
Adlvitles
outrèach
outr•a¢h
Total
2024
Total
2023
2024
2024
2024
2024
Staff c¢8t8
Acllvitie8 undertaken
dlreclly
Pastoral c06ts
Office ?nd
admlnistration costs
Property & 8qulpment
running and
mainlenance
330,298
76,676
41,287
5,898
454,159
398,132
45,538
3,453
38,727
52
27,437
417
3,725
115,427
3,922
97,295
4,247
(23)
2,190
28
7,139
10,044
74,325
1,762
6,885
82.gS5
111,551
458,558
117,194
78,196
9.654
663,602
621,269
Grant funding of
actlvitles (seg note 101
8,627
4,823
66,528
69,978
78.801
Share of Bupport costs
(see note 11)
Share of governance
costs (see note 11)
440.322
121,224
82.029
9,095
653,680
573,930
13.169
3,626
2.483
272
19,550
22.958
242,054
168,531
75,549 1,406.81Q
1.296,958
Anaty31s by fund
Unrestrtcled funds
Restricted funds
915,984
4,892
242,054
132,352
36,179
43,915 1,334,305
31,634
72,505
1,179,090
117,868
92Q,076
242,054
fÈ&.531
75,549 1.406,810
1,296,958
22-

KINGS COMMUNITY CHURCH {SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charftable actlvttl¢• Icontlnued
For the y?Ir onded 31 March 2023
Church Youth Work Communltylnternational
Actlvitla8
outroach
outreach
Totsl
2023
Staff costs
Activitles undertaken dlrecty
Ppstoral cost5
Offlce and adminlstration costs
Propety & équlpment Tunnlng and
malntenance
289,550
28,903
1,670
5,954
67,217
36,173
272
1.015
36.194
25.821
2,305
3,021
5,171
,398
398,132
97,295
4,247
10,044
54
105,048
1,434
5,069
111,551
431,125
106,111
72,410
11.623
621.289
Gfant fundlng of gCtlvllle81gee note 10)
9,456
7,795
61,550
78.801
Share of support costs (see note 111
Share of govemance costs (588 note 111
392,334
15,694
96,582
3,863
74,457
2,978
10,577
423
573,930
22.958
208,536
157,640
84,173
1,296,958
Anaiybl8 by fund
Unre3trirted funds
Re8lricled lunds
8.37.,738
10,871
206,536
11.8,645
38,996
18,171
1,179,090
117,868
848,809
206,538
157,640
84,173 1.296,958
-23-

o G)
O C4 11 0 o
¢￿￿v￿￿E0C

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Support ¢Q8to
Support Govèman¢?
costs
costs
2024
Support Governancé
costs
¢osts
2023
Staff costs
DepreGiation
other costs
Pastoral costs
Office and admlni6tr8lion
costs
Property & equipment
running and mainlenanco
Grant related costs
135,659
159,319
16,852
902
135,659
159,319
16,852
902
118,926
167,186
15,728
1,519
116,926
187,186
15,728
1,519
262,885
262,885
192,403
192,403
70.689
7,374
70,689
7,374
69,550
8,618
69,550
8,618
Audll fees
Accountancy
Legal and professlonal
6.040
14,560
e.400
8.040
14.580
6,400
5,790
18,208
958
5,790
18,208
958
.853,68CJ
27,000
680,680
573,930
24,956
598,886
d.betwee
Trading
Charllable actlvi1188
7,450
19,550
7.450
673,230
1,998
22,958
1.998
598,888
653,68Q
573,930
653.680
27,000
680,680
573,930
24.gS6
598,886
12 Net movement In funds
2024
2023
Thè n8t movemonl In funds 58 slated after chargingllcr8dl￿ngl.
Fees payable for the audil of the chaTIIy's fln8nclal slat8monts
Oepreciallon of owned tanglble Ilxed asBets
6,040
160,372
5,790
170,280
13 Trustee8
The Articles of Assoclatlon provide for a minority of the Irustses to be pald. None of th8 Irustees received &ny
rernuneralion during the year foi Ihelr mle as trustees.
Durlng the year. one trustee received a payment of £152 for casual work done durfng the periad of thelr
trusteeship.
Emma Curtayne has been employed as a Child￿n,8 Work and her total remuneration for the year was
£16.01412023: £9.334).
Totsl expenses of £407 were reimbursed to Iruslee8, and Iheir related partles, foT Church running and
operational costs PD23 £3,187).
Idenlffiable donations from trustees, anij their related partles. amounted to £46,409 during the year 12023-
£26,E89. This excludes amounts whete the donor 15 not identifiable, Whe￿ the donations were given in cash
etc.
25-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Employees
The average monthty number of employ888 durlnll the year, calculated on a fUll-￿rne equlvalont basls, was..
2024
2023
Number
Number
Church a￿1VI￿e3
Youth work
Community outreach
Management and admlnlstratlon
Subsidiary companles
Total
19
20
Employmont Gogts
2024
2023
Wag&s and Salaries
Social se¢urfly COSt$
Other pen8lon costs
e34,46
33,483
26,709
538,986
32,127
23,548
694,657
594,641
During th8 year there were redundancy costs of £5,961 (2023.. £0).
There wer6 no employees whose annual r8muner8tion was mor6 than £SO,000.
16 Net galn81(1088081 on Invg¢tm8nt8
Total Unrn8tr1cted
lunds
2024
2023
Revaluation of Investmenis
Se8 note 19 for oddltlonal detail.
16 Taxa￿On
The charlty15 exempt from tax on income and gains falling wilhin 5eGtion 505 of the Taxes Act 1988 OF section
252 of the Taxatlon af Chargeable Galns Act 1992 to the extent that these are applled io its ¢harllable oblects.
26-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Tanglble flxed assots
Group
Freehold Fixtures and
land and
flttlngs
bulldln98
Molor
vehS¢leg
Total
Cost
At 1 April 2023
Additlons
6,167,029
2.844
544,067
3,965
4,000
6.715,096
6,809
At 31 March 2024
6,169,873
548,032
4,ooa
6,721,905
Depre¢latlon gnd Impalrmgnt
At 1 April 2023
Depredallon charged In the year
1,310.481
114.133
486,035
46,239
4,000
1,780,516
160,372
At 31 March 2024
1,42d,614
512,274
4,000
1,940,888
Carrylng amount
At 31 March 2024
4,746,259
35,758
4.781,017
At 31 March 2023
4,856,548
76,032
4.934,580
Charlty only
FreeholdFlxture8 and
land and
flttlng8
bulldlng8
Motor
vehlcles
Total
C08t
At 1 April 2023
Additions
8,167,029
2.844
499.014
3,965
4,000
6,870,043
6,809
At 31 MRrch 2024
6,169.873
502,979
4,000
6,676.852
Depreciatlon and Impairnient
At 1 April 2023
Depredatlon charged In the year
1,310.481
114,133
425,194
45,186
4.DOO
1,739,675
159,319
At 31 March 2024
1,424,e14
470,880
4.000
1,898,994
Carrylng amount
Al 31 March 2024
4,745,259
32.599
At 31 March 2023
73,820
4,930.368
The freehold land and buildings 8re sublect to 8 charge In favour of Triodos Bank NV.,
27-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Flxèd asset Invéstments
Charlty only
Other
Investments
Cosl or valuatlon
At 1 April 2023 & 31 March 2024
1,000
Carrylng amount
Al 31 March 2024
1,000
Al 31 March 2023
1,000
Other Investments above indudes Ihe £1,000 of share c8pltal held in KCC Enterprlses Ltd. Ihe subBldlary of
the maln Charlty. Th8se investments have been eliminated on consolidation,
19 Investmont property
2024
Falr value
At 1 Aprll 2023 and 31 March 2024
495,00.0
Investment propety ¢omprlses ol the properfy known as Glenboume. The falr value of the Investm6nt
propety has been arrived at on the basis of a valuation carried out al 18 May 2022 by Eddisons Chartered
Surveyors, who are not connected ￿th the charfty. The valuatlon was made on an open market valu8 ba81s
by reference to market evidence of transaction prlces for slmilar propertf68. The trustees do not consider that
Ihls valu8 altered materially by the year end.
If Investment properties werè slated on an historlcal cost ba&ls rather than o falr value basi¥, the amoun15
would have been included a6 follow8,.
2024
2023
Cost
Accumulated depreciation
273,750
187.6001
273,750
182,1251
Carrylng amount
186.150
191,625
2024
2023
Freehold
495,000
495 000
28-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Stocks
Group
2024
Charity
2024
Group
2023
Charlty
2023
Finished goods and goods for resale
2,581
774
21 Debtors
Qroup
2024
Charlty
2024
Group
2023
Charlty
2023
Amounts falllng due wlthin oné year.
Trade debtors
Amounts owed by Subsldiary und&rtaklng8
other debtors
Prepayments and accrued Sncome
23.828
4,055
17.382
76.343
12,414
60,255
914
11,663
159,755
5,301
78.e34
12.881
159.755
5,301
113,423
110,194
225,311
177,633
22 Credltorn: amounts falllng due wtthln one year
Group
2024
Charfty
2024
Group
2023
Charfty
2023
Nots
Bank loans
Other taxation and 8ttclal security
Trade creditors
Amounts owed to sub81dlary
undertakings
Other credltors
Accruals and d8f8rred incorne
84,450
10.654
23,554
84,450
10,654
21,873
85,6Q5
9,214
48,372
85,805
9,878
44,269
2,327
15.258
78,437
4,789
34.025
4,769
32,975
15,258
79,437
157,452
154,721
237.888
235,774
23 Credltors.. amoun18 lalllng due after more than one year
2024
2023
Notes
Bank loans
2,367,058
29-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Loan$ and overdrafts
2024
2023
Bank loans
2,451,508
2,529,407
Payable thin one year
Payable 8fter one year
84.450
2,367,058
85,605
2,443,802
Amounts Included above which fall due after five years.,
Pay8blg by instalments
1,080,157
2,034,859
The Church has a long term loan from Trfodos Bank NV, which 15 secured on Ils freehold land and buildings.
Tho loan 15 al a varlable intere8t rale of base rate + 2.75% and Is repayable on 8 reducing balance basls. On
g Aprfl 2020 it was agreed thal betwean Aprll 2020 and March 2021 there would be monthly Interest onty
rèpayments. The￿ would then be Interest and capital repayments unlll August 2039.
Durlng the year thero were Interest paymen15 on Ihls108n of £194,68012023'. £130,535).
25 Retlremerrt benèflt schemes
Deflned ¢ontrfbutlon gchame$
The charity operates a deflnod contribution pension s¢hem6 for all qualifying 8mployees. The assets of the
sch8mg are held separatety from Iho$e of the charity In an indepondenlly adrninislered fund.
The charge la profit Dr1088 in respect of defined contrlbutlon SGh8mes was £28,70912023.' £23.548).-
26 Operatlng lease commltments
Al the reporting end dale the charty had outstanding commltment8 for future minimum lease payments under
non-cancellable operating leases. whtch fall due as follows..
2024
2023
Withln one year
Between Iwo and five years
1.380
4,139
5,519
-30-

KINGS COMMUNITY CHURCH (SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
27 Related party transactions
Remuneratlon of k8y management personnel
The r8munerallon of key menagemenl personnel 15 as follows..
2024
2023
Aggregate compensatlon
146,225
154,836
Durlng the year th& spou88 of a trustee w88 employed, In operauonal Church dudes. The salary paid for the
perlod in question was £19,842 (2023.. £7,487).
During the year the Church Teceived £75,872 {2023.' £0) 85 a distribution from KCC Ent8rprSses Ltd, 8 1 O0Yo
subsidlary. The Church recharged sslary costs of £104.839 12023.. £77,250) to KCC Enterprlses Ltd, 88 well
as a contribution lowards ulilily and prémlses costs of £14,80212023.' £0).
Idn Chlddlè Is a trustee of Care and Rellef for the Young Ltd. Durlng the year the Church made don8tlons to
Car8 and Rellef for the Young Ltd of £12,23212023.' £2,000) and received recharges of £2.705 from them lor
office facilitles provlded {2023: £3,018).
28 Cash g?norat•d from operallon8
2024
2023
Surplus for the year
52,140
273,444
Adluslments for..
Investrnent income rp¢ogni8ed In sl812menl of Ilnanclal aclivilles
Falr value gains and losses on investments
Depreciallon and impairment of lan9ible fL¥ed 855ets
(3,2131
1563)
(297,900)
167.186
160,372
Movemenls In wothin9 capltal..
Ilncrease) in stocks
Decreasellincrea5e> in debtors
IDecrease}Ilncrease in credilors
(1,8071
111,888
179.279)
175,520)
14,033
C83h generated from operations
240,101
80,68D
31

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KINGS COMMUNITY CHURCH {SOUTHAMPTON)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
32 Subsldlarles
These financial statements are consolldatad charky financlal statementB for the King's Communlty ChuTGh
Isouthamptonl group.
Det811s of the charity's subsid18Yle$ at 31 March 2024 are as follow8".
Name of undertaklng
Reglsterèd
offl¢e
Nature of buslnegs
Class ol
Va Held
shar09 h•ld Dlr•ct Indlrect
KCC Enterprtses Ltd
England
Corporate events and runnlng Ordlnary
ofacaf
100.00
Th? results for KCC Enterprises Ltd have been consolidated into those accounts, with charity-only flgures
Shown for clarity.
In the charty-only Balance Sheal, thg inveslrnent 15 Slated at cost. The regls18r8d offlc8 of KCC EntÉrprtse8 18
the Same as thé parent 115 ¢ompany number Is 7992952.
The accounts for KCC Enterpr18es Ltd show the followlng Informallon at 31 Maich 2024 and for Ihe year then
ended..
Total assets
Total liabilities
Tolal funds
109,362
20,113
89,249
Total turnover
Total ex
endllure
ProfiVILossl for the ye8r>
295.942
213,334
82,608
33 Analy818 of changes In net (debtyfunds
At f Aprll 2023
Cash flow8At 31 March 2024
Cash at bank and in hand
362.821
158,606
521.427
Loans falllno due wlthln anè year
Loan8 falllng due after more than ono year
185.6051
(2,H3.802)
1.155
76.744
(84,450)
(2,367,058)
(2,166,586)
23S.505
(1,9.30,081)
-36-