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← The Kings Church Boston Spa

2023-12-31-accounts

The King's Church, Boston Spa

Report and Accounts Year ended 31 December 2023

Company number: 6211852 Charity number: 1120828

The King's Church, Boston Spa

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees Mr D A Faraday Mr P J Baraniak Mr J N Newlove Company Secretary Mr A Pearlman Key Staff Mr P J Baraniak Governing Document Memorandum and Articles of Association dated 2007

Company Registration Number Charity Registration Number Principal Address Registered Office

Independent Examiner

6211852 1120828 26 Sunnybank Micklefield Leeds LS25 4DQ 26 Sunnybank Micklefield Leeds LS25 4DQ Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

HSBC Kingdom Bank Account Virgin Money

Contents Page
Company Information 1
Trustees' Annual Report 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7-12
Detailed Statement of Financial Activities with Comparatives 13

Page 1

The King's Church, Boston Spa

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The objects of the charity are the advancement of the Christian religion by knowing Christ and making Him known to others and in accordance with the statement of fundamental truths set out in the Memorandum of Association.

The main normal activities of the charity that are undertaken in order to fulfil these objectives are: Christian worship, Bible study and prayer meetings, outreach, projects in the commurlity and donations to other charities.

Summary of the charity's main activities and achievements

2023 saw sustained attendance in our regular church activities such as Sunday services, weekly bible studies, small groups and community events.

We ran our second holiday club within the Easter holidays which saw a dramatic increase in attendance from the previous year; it went from 15 - 54 children. We also ran a childrens day event again at Christmas. Our additonal family fun day event in July unfortunately was rained off. In addition, a monthly outreach event called 'Coffee and More' was attended regularly by those in and out of the church with about 30 in attendance each session. We continued to run our seasonal book table in the village which receives a positive response from members of the public for its service.

All the meetings including our prayer meetings and bible studies are still held within the Methodist Church building in Boston Spa with the exception of the small groups which take place in the homes of our attendees. We continued to use online services such Youtube, ZOOM to provide provision for those that can't make it and to enhance the ministry where neccesary.

Grants were given to Arab World Ministries, Compassion and Caring for Life. Other Christian charities and missions were also supported

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Financial review

During the year income increased by £6,128, to £92,696, and expenditure decreased by £18,933, to £74,205. As a result, a surplus of £18,491 is reported, increased from the previous year by £25,061. The charity's net assets increased from the previous year to £143,818.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £18,500 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £143,873 and the charity is complying with its reserves policy.

Page 2

The King's Church, Boston Spa

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2023

A building fund is maintained on the following basis:

Any gift to the building fund will be unrestricted but earmarked for the potential building fund. The requirement for a building funding will be reviewed by the elders no later than 31 December 2025. After which, if the fund has not been spent, the requirement will be reviewed, and any monies potentially re-purposed, at 5 year intervals.

Going concern

There are no going concern uncertainties. The budget for 2024 plans for a £19,545 deficit to utilise more of the charities reserves.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures

disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will

continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

P Baraniak

P Baraniak (May 22, 2024 20:24 GMT+1)

Philip Baraniak

May 22, 2024 Date: _______

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

The King's Church, Boston Spa ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023 on pages 5 to 13 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 8.

Responsibilities and basis of report

As the charity’s 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 2006 (‘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 charity’s accounts as carried 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 examiner’s statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Sarah Crispin (May 29, 2024 10:58 GMT+1)Sarah Crispin

Sarah Crispin ACA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: May 29, 2024

Page 4

The King's Church, Boston Spa

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
4
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
91,570
1,126
-
92,696
74,205
74,205
-
18,491
18,491
125,327
143,818		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2023
£
91,570
1,126
-
92,696
74,205
74,205
-
18,491
18,491
125,327
143,818		 Total
Funds
2022
£
86,270
298
-
86,568
93,138
93,138
-
(6,570)
(6,570)
131,897
125,327

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 7-12 form part of these accounts.

Page 5

The King's Church, Boston Spa

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
-
-
1,027
143,873
144,899
(1,080)
143,819
143,819
143,819
136,444
7,375
143,819
-
143,819		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2023
£
-
-
1,027
143,873
144,899
(1,080)
143,819
143,819
143,819
136,444
7,375
143,819
-
143,819		 Total
Funds
2022
£
880
880
888
125,223
126,111
(1,663)
124,448
125,328
125,328
117,953
7,375
125,328
-
125,328

Note: There is a £1 rounding difference in the accounts.

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

P Baraniak P Baraniak (May 22, 2024 20:24 GMT+1) --------------------------------------Philip Baraniak Date: _______ May 22, 2024

Company number: 6211852

Charity number: 1120828

The notes on page 7-12 form part of these accounts.

Page 6

The King's Church, Boston Spa

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

b) Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The charity has relied significantly upon volunteers in carrying out its activities during the year. ln accordance with paragraph 6.1.8 of the SORP, the role of volunteers has not been recognised as income from donated services in the accounts.

Income from donations includes:

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period.

Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Page 7

The King's Church, Boston Spa

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Fixtures and Fittings 25% on cost Computer equipment 33.3% on cost

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension scheme for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

i) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Legacies receivable
Income tax recoverable
4
Investment income
Bank interest
5
Charitable expenditure
a
Costs incurred directly on specific activities
Salaries, travel and expenses
Telephone and utilities
Gifts to speakers
Catering
Venue hire
Rent and rates
Conferences and training
Miscellaneous expenses
Grants payable (see Note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other		 2023
£
67,664
10,000
13,906
91,570
2023
£
1,126
1,126
2023
£
42,797
331
588
-
7,214
440
5,755
57,125
16,000
73,125
1,080
1,080		 2022
£
70,103
2,000
14,167
86,270
2022
£
298
298
2022
£
69,057
518
553
1,230
6,210
802
4,638
83,008
9,080
92,088
1,050
1,050

Page 8

The King's Church, Boston Spa

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

c Grants payable

Grants payable
Missions in the UK and elsewhere
The charity's principal grants to institutions comprised:
Arab World Ministries
Caring for Life
Compassion
Frontiers
Elim Foursquare Gospel Alliance		 2023
£
16,000
16,000
2023
£
7,500
3,000
3,500
2,000
16,000		 2022
£
9,080
9,080
2022
£
8,000
80
-
1,000
9,080

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 1 (2022: 1.7). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Mr P J Baraniak
37,587
5,210
[name of trustee]		 2023
£
42,797
-
42,797

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Mr P J Baraniak
32,400
4,847
Other members of key management
27,597
4,266		 2022
£
37,247
31,863
69,110

Page 9

The King's Church, Boston Spa

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Tangible fixed assets

Freehold
Leasehold
Property
Improvements
£
£
Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
-
-
Accumulated depreciation
At 1 January 2023
Charge for the year
Eliminated on disposal
At 31 December 2023
-
-
Net book value
At 31 December 2023
-
-
At 31 December 2022
-
-
8
Debtors
Falling due within one year:
Other debtors
Prepayments and accrued income
Total debtors
9
Cash at Bank and in Hand
Cash at bank
Notice deposits (with a term of three months or less)
10
Creditors: liabilities falling due within one year
Taxation and social security
Accruals		 Fixtures
and fittings
£
2,025
2,025
1,700
325
2,025
-
325		 Computer
equipment
£
1,663
1,663
1,108
555
1,663
-
555
2023
£
1,027
-
1,027
1,027
2023
£
126,475
17,398
143,873
2023
£
-
1,080
1,080		 Total
2023
£
3,688
-
-
3,688
2,808
880
-
3,688
-
880
2022
£
888
888
888
2022
£
108,107
17,116
125,223
2022
£
613
1,049
1,663

11 Pension commitments

During the year employer’s pension contributions totalling £5,210 (2022: £4,847) were payable to defined contribution personal pension schemes.

Summary of pension contributions payable for year:

The charity's pension contributions were as follows

to defined contribution pension schemes
to the Elim Ministers Pension Fund (EMPF) defined benefit pension scheme		 2023
£
5,210
-
5,210		 2022
£
4,847
4,266
9,113

Page 10

The King's Church, Boston Spa

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Building Fund
General Unrestricted Funds
Total Unrestricted Funds
Total of funds		 Opening
balance
2023
£
7,375
7,375
117,954
125,329
125,329		 Incoming
resources
2023
£
-
92,696
92,696
92,696		 Outgoing
resources
2023
£
-
(74,205)
(74,205)
(74,205)		 Transfers
in the year
2023
£
-
-
-
 Gains and
losses
2023
£
-

-
-		 Closing
balance
2023
£
7,375
7,375
136,445
143,820
143,820

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

lysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
1,027
-
136,498
7,375
(1,080)
136,444
7,375
Unrestricted Funds		 Restricted
funds
£
-
-		 2023
£
-
1,027
-
143,873
(1,080)
143,819

Page 11

The King's Church, Boston Spa

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Building Fund
General Unrestricted Funds
Total Unrestricted Funds
Total of funds		 Opening
balance
2022
£
7,375
7,375
124,522
131,897
131,897		 Incoming
resources
2022
£
-
-
86,569
86,569
86,569		 Outgoing
resources
2022
£
-
-

(93,138)
(93,138)
(93,138)		 Transfers
in the year
2022
£
-
-

-
-		 Gains and
losses
2022
£
-
-
-
 Closing
balance
2022
£
7,375
7,375
117,953
125,328
125,328

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
880
888
-
117,848
7,375
(1,663)
117,953
7,375
Unrestricted Funds		 Restricted
funds
£
-
-		 2022
£
880
888
-
125,223
(1,663)
125,328

13 Transactions with related parties

During the year the charity:

Apart for the above, there were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Page 12

The King's Church, Boston Spa

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2023
2023
£
£
91,570
1,126
92,696
-
74,205
74,205
-
-
18,491
-
-
-

18,491
-
18,491
-
117,952
7,375
136,443
7,375
Unrestricted funds		 Restricted
2023
£
-
-
-
-
-

-
-
-		 Total
2023
£
91,570
1,126
92,696
74,205
74,205
-

18,491
-

18,491
18,491
125,327
143,818		 General
Designated
2022
2022
£
£
86,270
298
86,568
-

93,138
93,138
-
-

(6,570)
-
-
-
(6,570)
-
(6,570)
-

124,522
7,375
117,952
7,375
Unrestricted funds		 Restricted
2022
£
-
-
-
-
-

-
-

-		 Total
2022
£
86,270
298
86,568
93,138
93,138
-
(6,570)
-
(6,570)
(6,570)
131,897
125,327

Page 13