REGISTERED COMPANY NUMBER: 06587980 {England and Wales) REGISTERED CHARITY NUMBER: 1124576 King's Church Uckfield Limited Report of the Trustees and Unaudited Financial Statements forthe Year Ended 31 March 2025 Swindells LLP Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL
King'5 Church Uckfield Limited Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees I to 10 Independent Examiner's Report 11 to 12 Statement of Financial Activities 13 Balance Sheet 14 to 15 Notes to the Financial Statements 16 to 28 Detailed Statement of Financlal Activities 29 to 30
King's Church Uckfield Limited Report of the Trustees forthe Year Ended 31 March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. OBJEcfivES AND AcfiviTIES Objective5 and aims The objects of the charity are: to advance the Christian faith by such means as the charity shall determine from time to time in Uckfield and such other parts of the United Kingdom orthe world as the members may from time to time see fit; to relieve sickness, poverty, hardship and per50ns in need by virtue of their age or social or economic circumstances; to advance the religious or secular education of young people or adults,. and to further such other charitable purp05e5 as the members from time to time in their absolute discretion determine. Mission statement Every person in the Uckfield area, the United Kingdom generally and abroad must be given the opportunity to hear, experience and be persuaded of the good news of Jesus Christ in a way they can understand, by means of Christian instruction, evangelisation, the relief of sickness and poverty, education and the advancement of the Christian faith generally. Strategies for achieving objectives The overall aims of King's Church Uckfield continue to be those adopted when the Church was formed in 1983, namely to build the Church as a loving community and to tell those outside the Church the message of Jesus. This is being achieved by the following means: providing for leadership in the Church, fully-financed resourcing and premises in which to meet and from which to operate; adopting a planned programme of Bible teaching and practical training, under the guidance of the Holy Spirit, in order to equip and encourage members of, and adherents to, the Church in their Christian lives and their involvement in Uckfield and the surrounding communities: caring for members of the Church and others with whom the Church is associated, particularly when sickness or poverty is needing to be relieved,. evangelisation of non-christians in Uckfield and the surrounding communities.. sending people out from the Church proclaiming the Gospel message on short and long-term projects in the United Kingdom and overseas; and maintaining our involvement as part of an apostolic movement, i.e. Newfrontierslcatalyst. Page I
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 OBJEcfivES AND ACTIVITIES Grant making policie5 Under the Memorandum and Articles of Association, the charity has the power to make charitable grants, donations or other payments (including informal loans) to individuals, organisations, charities, churches, societies or institutions locally, nationally or internationally as the trustees think fit. In preparing the Annual Budget, decisions are made as to expenditure of funds in the form of grants to variou5 bodie5 and individuals. Those decisions are based on a consideration of the extent to which the work being carried out by those bodies or individuals coincides with the overall aims and objectives of King's Church Uckfield. Grants are made lal for individual projects and Ib} on a time basis. Time-based grants are made on two bases: i} for one year only, li} for a period of years. Grants made for one year only may be repeated in following years. Grants made for a period of years are, nonetheless, reviewed at least annually. In all cases, the actual payment of a grant is contingent upon there being sufficient funds within the charity, and the receiving body or individual continuing with the work for which the grant was originally made or carrying out such other work as coincides with the overall aims and objectives of King's Church Uckfield as set out in the Memorandum and Articles of Association, and which the trustees desire to support. Volunteers The Elders, one of whom is a salaried employee, are appointed for the purpose of leading the work of the Church. They are assisted by two part-time members of paid staff. Ordinarily the substantial remainder of the work is carried out by other members of the Church who are volunteers, receiving no payment for their services, but giving themselves to the work as they follow the call of Jesus Christ on their lives to serve Him and make His way known in the communities in which they live. Estimates of the value of the time offered by volunteers in the church of around 6,400 hours over the year, with an approximate value of £78,144 (based on the Living Wage Foundation's Ihttp://www.livingwage.org.ukl 2024 real living wage rate of £12.21 per hour). The Trustees are very grateful to all the volunteers who serve the church so faithfully in many and varied roles. Page 2
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Achievements and performance Review of activities Regular (weekly/monthlyl artivities King's Church Uckfield meetings at The King's Centre usually consist of around 87-110 people on a Sunday. weekly and Fortnightly prayer meetings are being held in The King's Centre. weekly meetings have been held in members, homes. ourtoddler group for 04 year olds are weekly meetings during term time. Annual and less regular events we continued our Fun Mornings for families in the area for Easter and Christmas 2024. These are indoor events with soft play, craft, inflatable5 and more. we took part in a Christmas Nativity event in close collaboration with Uckfield Baptist Church as part of the town's late night shopping evening. This was a tremendous 5ucce55 Wlth many people able to see it. we held a Carols at Kings concert for Christmas which featured traditional caro15 in a modern format. It was hugely successful and 50 will become an annual event. in July 2024the members of the Church were invited to attend a camp at a local campsite. As well as meetings for worship and teaching, there were many opportunities for food and fellowship. This wa5 a wonderful time together which was appreciated by all who came along. After securing our new property on the industrial estate in January 2024, work began in bringing the ground floor up to code for Church use. The office relocated in May 2024, we opened our door5 on Sundays in July 2024 and mid-week activities began in September 2024. Strong ties remain in place with two churches in Bulgaria (Mezdra and Vratsal with an offering being taken up to fund the employment of a Youthworker in Vratsa for a furtheryear. The church continues in a 5UPPOrting partnership with Uckfield FM, a local radio station. In addition to a Thursday morning'thought for the day,, the church sponsors the Sunday morning breakfast show to promote our Sunday meetings and work in the community generallv. Page 3
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Achievements and performance Safeguarding King's Church Uckfield takes seriously the responsibility to protect and safeguard the welfare of children and young people entrusted to its care, and have a robust Child Protection Policy. We have detailed guidelines and procedures relating to child abuse suspicions or allegations and ensure that these procedures are known and followed by all workers. All those volunteering to work with children and young people are subject to a stringent application and induction process including DBS Enhanced Disclosure, references, declaration of conviction, interview and supervised probationary period. Training is offered to all of our workers with this being required at least once every three years. Overseas support As stated above, the overall aims and objectives of the Church include sending people out from the Church proclaiming the Gospel message on short and long-term projects in the United Kingdom and overseas. The overseas work, with which members of the Church have been involved, and to which direct financial support has been given, has continued and includes the following: support of two members of King's Church Uckfield working in Bolivia, providing help to their church plant which has recently started and been accepted as part of Newfrontiers; support of Church members and staff visiting partner churches in Bulgaria; and iiil support of the church in Mezdra, particularly to allow them to afford a church leader. This has been shared with Christ Church Hai15ham and is evidence of us working together to achieve shared aims. Pastoral support The Elders of the Church provide pastoral support for the members of the church including marriage counselling and spiritual advice/counselling. This is available to non-members of the church in varying degrees as those wanting support will often not be Christians and may not concur with the Christian foundation of any advice or support given. Membership of the church The membership of King's Church Uckfield as of 31 March 2025 was 9712024: 93}. During the period under review: 10 were added as new members of the Church. ill 6 people are no longer part of the church membership. iiil 2 were saved into the Christian faith as a result of the work of the Church. iv) 3 were baptised by total immersion, confessing their faith in the Lord Jesus Christ. Membership of the Church is at the discretion of the elders who take into account a confession of f31th in the Lord Jesus Christ, baptism in water and subscription to the Vision & Value5 of the Church. Page 4
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Financial review Principal funding sources The financing of the overall aims of the Church has been achieved almost exclusively by gifts, donations and offerings from the Church membership and others attending the Church. This forms around 82% of the church's non-specific income and has during the year under review been bolstered by additional one-off gifts from members of the church. Tax relief obtained from HM Revenue & Customs as a consequence of giving made by donors under the Gift Aid Scheme contributes a further 17% of non-specific income. The remaining 1% of income is received from miscellaneous sources and bank interest. Expenditure The expenditure of the church in fulfilling the overall aims described earlier has been almost exclusivelv concentrated on: maintaining and expanding the resource base of leadership and staff- satisfying the conditions of the River House lease, where we continued to maintain our office into 2025; financing the Church's outreach programmes; giving to projects in the U K and overseas as the Church has sought to carry out its aims,. and making improvements to our new premises, The King's Centre, on the industrial estate, formally known as Tribune House. All assets of the charity have been and are being used to further the general work of the church, as well as to relieve sickness and poverty and advance the Christian faith generally, in the United Kingdom and abroad. The funds of the charity have been applied as described in the Income and Expenditure account, and the accounts of the Restricted Funds. The General Fund surplus occurring under the charity in the year ended 31 March 2025 amounted to £18,321. The Trustees recommend that the balance of £202,441 be carried forward. The Trustees are not aware of any needs beyond the budgeted normal running costs of the charity in fulfilling its objects and aims. At the end of the year, the Trustee5 held total reserves (that is those funds that are freely available), derived from income received throughout the year, amounting to £1,242,942. Thi5 sum, apart from the balances relating to the various Restricted Fund5, is not intended to be retained to cover any particular contingency, but is to be used to further the work of the church in the manner described earlier. Such reserves may, therefore, be more appropriately understood to be an overall balance of income (including the brought forward balances) over expenditure that has been reported in the financial statements at the end of the financial year. The Building Fund, created with the aim of accruing Su1cent funds to aid in the purchase of a suitable building in the centre of the town, had ongoing opportunities for members, non-members and external churches to donate towards during this financial period. Page 5
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT In addition to this, the trustees created a designated fund in 2020 with a starting balance of £50,000 which is to be used in the first instance to commence investigations into the potential of buildings as they arise. further £40,000 was added to this designated fund in March 2021. This designated fund was used to pay for all additional costs surrounding the building purchase price, such as fees and surveys. Further opportunities to add to it were offered to church member5 to pay toward5 the required building works for us to inhabit the building. Investment policy and performance Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish. Any charity general funds surplus to immediate requirements are held in a savings account. The current account is kept at a practical level so that invoices can be satisfied whilst securing the best interest rate for the majority of the church's funds. The funds available in the deposit account are monitored closely on an ongoing basis with any need for additional funds being acted upon appropriately. Funds received for specific purposes but not required for immediate use are invested in a variety of accounts to achieve maximum growth in the fund with no risk to the basic fund and ensure that these monies are covered under the Financial Services Compensation Scheme. Reserves policy The trustees of King's Church Uckfield {KCUI see significant value in holding cash reserves with the aim of eliminating the impact of one or more unforeseen, short-term financial shocks. Such shocks will typicallv involve a significant, non-forecast fall in income and/or substantial, unplanned and unavoidable expenditure. The intent of these reserves is to enable the church to continue to operate for a defined period of time, continuing to work towards its aims and objectives, while the trustees fully assess the situation and formulate a medium to long-term plan, if felt necessary. To help the trustees calculate the correct level of cash reserves, we will take guidance from the recommendations issued by the Charity Commission of England & Wales. The minimum level will be based on the period of time we are looking to cover and the current level of church liabilities (such as salarie5 and building costs). We will however also take account of the future level of church liabilities, where a significant change 15 expected in the short to medium-terrn. With the church's stated goal of owning its own building, the trustees considered it prudent to increase our reserves over a five-year period from their 2018119 level of £15.7k to £36k li.e. aimed to be £5k per annum). This higher Reserves level will increase the period of cover from 4 weeks to 8 weeks and will also allow for the significant step-change in staffing and building costs associated with running our own building. At the beginning of the 2023-24 financial year, we had already reached our target of £36k. The trustees will continue to make a decision at the end of each financial year as to the desired level of reserves. Only surplus funds will be used to further bolster our reserves. If no surplus funds are available, the trustees may decide to take more surplus funds into the reserves in subsequent years and/or may decide to extend the period over which the reserves reach their new targeted level. Page 6
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Future plans The main development in the next year 15 the continued rebuilding of our presence in Uckfield after the pandemic stripped away many of our community groups. Our aim for this last year and continues to be that as a church we become stronger and more resilient financially, technologically, practically and spiritually. We have succeeded in looking for a church building to make a permanent home to increase our capacity for groups, events and community projects. Now that we have that space, we are looking at how we can develop it further to better equip ourselves and increase our abilities as a church, as well as better serve our local community. This year we have run the Church on only one full-time and two part-time staff members, but were able to increase the hours of one of our staff members from 7 to 21 hours. This has enabled us to manage and operate our new building on a basic scale. The aim is that our staffing will increase in time as finances allow. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The company is constituted under a Memorandum of Association dated 16 April 2008 and is a registered charity, number 1124576. There are currently four members of the Company, each of whom agrees to contribute £10 in the event of the charity winding up. The members of the Company are also the elders of the Church. The principal object of the Company 15 the advancement of the Christian faith. Method of appointment or election of trustees The trustees are nominated and appointed by the members of the Companyi these being the Elders of the church, who meet regularly and are able to nominate trustees prior to the AGM. One third of the trustees must retire from office each year in accordance with the Memorandum and Articles of the Company, but can be re-nominated and appointed at the discretion of the members. Organisational structure and decision making The board of Trustees administers the charity in close partnership with the Elders of the Church, in whom the general work of the Church (worship, teaching, evangelism and pastoral care, for example) is vested. The Elders are also members and Trustees and communicate effectively the means by which the objects of the charity can be fulfilled. Trustees are appointed to: manage and administer a specific area of responsibility of the charity,. ensure that the proper legal framework is maintained; ensure the work of the Church is carried out effettively; and ensure the funds of the Church are administered appropriately. Three of the Trustees, none of whom are employed by the church, form the Salary Review Committee. They are involved in the appraisal of staff and their appropriate remuneration. At least one Trustee not employed by the church is required to authorise all cheques and payments. Page 7
King's Church Uckfield Limited Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Induction and training of newtrustees The trustees have adopted a policy for the induction and training of new trustees, including providing each trustee with a copy of the following: the governing documents- Memorandum and Articles of Association; the Charity Commission booklet "Responsibilitie5 of Charity Trustees"; the Charity Commission booklet The Hallmarks of an Effective Charity {CC601,' the most recent annual report and accounts; the minutes of the most recent trustees, meeting; copies of all policies that the trustees have concern for in their role. Trustees are encouraged to attend appropriate training events that will assist them in their role and financial provision has been madè in the church's annual budget to meet any expenses incurred. Related party relationshlps King's Church UckField is part of the Newfrontier5 family of churche5 (New Frontiers International Trust Limited newfrontierstogether,org} and falls under their apostolic covering, This relationship promotes working together with local and international Newfrontiers churches as part of the Catalyst network of Newfrontiers Icatalystnetwork.orgl. We have forged strong links with four other local Catalyst churches {King's Church Lewes, King's Church Heathfield, Christ Church Hailsham and Community Church Crowboroughl and often Share times together, particularly as leaders. This has resulted in regular collective youth events and a150 a shared passion and commitmentto support the work of Catalyst in Eastern Europe. King's Church Uckfield is a member of the Evangelical Alliance leauk.org). King's Church Uckfield a150 works together at community events with the other churches in the town as part of the 'Churches in Uckfield, initiative. Risk management The trustees of King's Church Uckfield have a risk management strategy which comprises.. an annual review of the risks the charity may face; trustees with particular areas of responsibility implementing procedures to minimise any potential impact to the charity should those risks occur,. regular review of policies that regulate areas of particular risk. The risk management work that the trustees have undertaken has identified a few minor risks which have resulted in better working procedures for the church. Particular attention has focussed on non-financial risks arising from fire and flood, health and safety of volunteers serving the church and food hygiene, as well as looking at financial risks such as fraud and continuity of incoming resources in these turbulent economic times. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06587980 (England and Wales} Page 8
King's Church Uckfield Limited Report of the Tru5tee5 for the Year Ended 31 March 2025 Registered Charity number 1124576 Registered office Unit 26 Bell Lane Uckfield East Sussex TN22 IQL Trustees Mr C Peachment Chairman MrJHCScott Mr S May-miller DrAOWard Mr L P A Mudford Mrs G R Northam-jones Mrs R E Banham Company Secretary Mrs G R Northam-jones Independent Examiner Melanie Richardson BA(Honsl FCA Swindells LLP Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL Solicitors Dawson Hart The Old Grammar School Church Street Uckfield East Sussex TN22 IBH Bankers HSBC Bank plc 120 High Street Uckfield East Sussex TN22 IPX Page 9
King's Church Uckfield Limited Report of the Trustees forthe Year Ended 31 March 2025 Report of the trustees, inco0 Iq ating a str tegic r ort, approved by order of the board of trustees, as the and signed on the board's behalf by: company directors, on . Mr C Peachment- Trustee Page 10
Independent Examiner's Report to the Trustees of King's Church Uckfield Limlted Independent examiner's report to the trustees of King's Church Uckfield Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Comparby for the year ended 31 March 2025. Responsibilities and basi5 of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. 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 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commi55ion under Section 14515) (bl of the 2011 Act. Page 11
Independent Examiner's Report to the Trustees of King's Church Uckfield Llmited Independent examiner's statement I have completed my èxamination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 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 charitie5 {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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. Melanie Richardson BA(Hons) FCA The Institute of Chartered Accountants in England and Wales Swindells LLP Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL Page 12
King's Church Uckfield Limited Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 186,945 53,997 240,942 610,930 Investment income Other income 795 1,778 371 1,166 1,778 14,887 120 Total 189,518 54,368 243,886 625,937 EXPENDITURE ON Charitable activities Charitable activities Donation5 paid Governance costs 141,221 82,540 11,906 223,761 11,906 5,071 133,577 7,800 5,347 5,071 Total 146,292 94,446 240,738 146,724 NET INCOMEIIEXPENDITURE) Transfer5 between funds 43,226 124,9051 (40,0781 24,905 3,148 479,213 17 Net movement in funds 18,321 115,1731 3,148 479,213 RECONCILIATION OF FUNDS Total funds brought forward 184,120 1,055,674 1,239,794 760,581 TOTAL FUNDS CARRIED FORWARD 202,441 1,040,501 1,242,942 1,239,794 The note5 form part of these financial statement5 Page 13
King's Church Uckfield Limited Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Restricted fund funds Notes FIXED ASSETS Tangible assets 12 1,139 1,394,022 1,395,161 1,396,023 CURRENT ASSETS Debtors Cash at bank and in hand 13 14,118 191,564 2,980 (101,5021 17,098 90,062 6,3LI 103,300 205,682 (98,5221 107,160 109,611 CREDITORS Amounts falling due within one year 14 14,3801 124,5101 {28,8901 {63,4341 NEf CURRENT ASSETS 201,302 {123,0321 78,270 46,177 TOTAL ASSETS LESS CURRENT LIABILITIES 202,441 1,270,990 1,473,431 1,442,200 CREDITORS Amounts falling due after more than one year 15 (230,489) (230,4891 1202,4061 NET ASSETS 202,441 1,040,501 1,242,942 1,239,794 FUNDS Unrestricted funds Restricted funds 17 202,441 1,040,501 184,120 1,055,674 TOTAL FUNDS 1,242,942 1,239,794 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page 14 continued...
King's Church Uckfield Limited Balance Sheet- continued 31 March 2025 The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. {b} The J'nancial tat ments were approved by the Board of Trustees and authorised for issue on Mr C Peachment- Trustee The notes form part of these financial statements Page 15
King's Church Uckfield Limited Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statement5 Of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting bv Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019}', Financial Rèporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income Donations are 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. Investment income is recognised on a receivable basis. Grants Government grants in respect of capital expenditure are credited to a deferred income account and released to profit over the expected useful lives of the relevant assets in equal annual instalments. Government grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. Expendlture Liabilitie5 are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants payable are made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the statement of financial activities once the recipient of the grant has provided the specific service or output. Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Page 16 continued...
King's Church Uckfield Limited Notes to the Financial 5tatements- continued forthe Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Charitable artivities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs Governance cost5 include costs of the preparation and examination of the statutory accounts, the costs of trustees meeting5 and the cost of any legal advice to trustees on governance or constitutional matters. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings Motorvehicles Computer equipment in accordance with the property 25'k on reducing balance 25°A on reducing balance 33% on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund 15 set out in the notes to the financial statements. Restricted funds can only be used for particular restricted purp05e5 Wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of material funds is included in the notes to the financial statements. Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company contributes to employee's defined contribution pension schemes. Contributions payable to the pension schemes are charged to the Statement of Financial Activities in the period to which they relate. Page 17 continued..
King's Church Uckfield Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 2025 2024 Donations 240,942 610,930 INVESTMENT INCOME 2025 2024 Deposit account interest 1,166 14,887 CHARITABLE ACTIVITIES COST5 Grant funding of activities (see note Direct Costs (see note 5} Support costs (see note 71 Totals Charitable activities Donations paid Governance costs 19,176 83,539 11,906 121,046 223,761 11,906 5,071 5,071 19,176 95,445 126,117 240,738 DIREcf COSTS OF CHARITABLE AcfiviTIES 2025 2024 Advertising Services & outreach Travelling Hall hire Equipment & maintenance 1,669 9,792 472 3,316 3,927 613 8,574 853 12,221 1,955 19,176 24,216 Page 18 continued...
King's Church Uckfield Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 GRANTS PAYABLE 2025 2024 Charitable activities Donations paid 83,539 11,906 10,310 7,800 95,445 18,110 The total grant5 paid to institutions during the year was as follows: 2025 2024 Catalyst Christ Church Hailsham 2,700 1,350 3,600 1,800 4,050 5,400 The tot31 grants paid to individuals during the year was as follows: 2025 2024 Grants to individuals Specific gifts to Bulgaria 81,450 9,945 12,353 8,100 91,395 20,453 SUPPORT COSTS Governance costs Management Totals Charitable activities Governance costs 121,046 2,229 121,046 5,071 2,842 123,275 2,842 126,117 Page 19 continued...
King's Church Uckfield Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 SUPPORT COSTS- continued Included in governance costs are fees payable to the independent examiner for the examination of the accounts amounting to £2,42412024: £2,210). Included in support costs are fees payable to the independent examiner for payroll services amounting to £672 {2024: £4861. Support costs, included in the above, are as follows: 2025 Total activities 2024 Total activities Charitable activities Governance costs Trustees, remuneration etc Wages Other operating leases Rates and water Insurance Communications Postage and stationery Office supplies Premises expenses Subscriptions & resources Professional fees Bank charges Staff costs Motor expenses Depreciation of tangible and heritage assets Accountancy fees 64,597 2,879 11,750 12,956 5,841 872 875 3,776 9,757 1.912 510 77 2,215 64,597 2,879 11,750 12,956 5,841 872 875 3,776 9,757 1,912 1,769 77 2,215 970 56,972 8,359 14,628 5,399 2,849 598 1,805 665 987 680 1,789 75 2,196 769 1,259 970 3,029 3,029 2,842 3,427 3,200 2,842 121,046 5,071 126,117 104.398 INCOMEIIEXPENDITURE) Net income/lexpenditurel is stated after charging/{creditingl'. 2025 2024 Depreciation- owned assets Other operating leases Surplu5 on disposal of fixed assets 3,029 11,750 11,7781 3,427 14,628 11201 Page 20 continued...
King's Church Uckfield Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFITS 2025 2024 Trustees, salaries Trustees, social security Trustees, pension contributions to money purchase schemes 61,125 1,120 2,350 49,414 5,564 1,977 64,595 56,955 Dr A O Ward received remuneration during the year in relation to his role within the Church which includes preaching, training and overseas missions. Trustees, expenses During the year, two 12024: three) trustees received reimbursements of travel and other employment related expenses amounting to £6,96912024'. £6,387}. 10. STAFF COSTS (INCLUDING TRUSTEE5' REMUNERATION) 2025 2024 Wages and salaries Social security costs Other pension costs 64,004 1,120 2,350 57,773 5,564 1,977 67,474 65,314 Remuneration paid to key management personnel during the year (including social security and pensions costs) amounted to £12,64012024: £5,679). The average monthly number of employees during the year was as follows: 2025 2024 Charitable activities and administration No employees received emoluments in excess of £60,000. Page 21 continued...
King's Church Uckfield Limited Notes to the Financial 5tatements- continued for the Year Ended 31 March 2025 11. COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 138,054 472,876 610,930 Investment income Other income 382 120 14,505 14,887 120 Total 138,556 487,381 625,937 EXPENDITURE ON Charitable activities Charitable activities Donations paid Governance costs 129,426 4,151 7,800 133,577 7,800 5,347 5,347 Total 134,773 11,951 146,724 NEf INCOME Transfers between funds 3.783 (3251 475,430 325 479,213 Net movement in funds 3,458 475,755 479,213 RECONCILIATION OF FUNDS Total funds brought forward 180,662 579,919 760,581 TOTAL FUNDS CARRIED FORWARD 184,120 1,055,674 1,239,794 Page 22 continued...
King's Church Uckfield Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 12. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Motor vehicles Computer equipment Totals COST At l April 2024 Additions Disposals 1,386,284 10,239 2,639 8,394 3,881 1,408,798 2,639 18,3941 18,3941 At 31 March 2025 1,386,284 12,878 3,881 1,403,043 DEPRECIATION At l April 2024 Charge for year Eliminated on disposal 2,561 2,579 7,764 158 {7,922 } 2,450 292 12,775 3,029 (7,9221 At 31 March 2025 5,140 2,742 7,882 NET BOOK VALUE At 31 March 2025 1,386,284 7,738 1,139 1,395,161 At 31 March 2024 1,386,284 7,678 630 1.431 1,396,023 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments Accrued income 15 6,652 4,594 5,837 350 5,218 743 17,098 6,311 Page 23 continued...
King'5 Church Uckfield Limited Note5 to the Financial Statements - continued for the Year Ended 31 March 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other loans Isee note 161 Trade Creditors Social security and other taxes Other creditors Accrued expenses 24,510 714 57,594 1,989 1,345 296 2,210 391 3,275 28,890 63,434 15. CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 2025 2024 Other loans (see note 161 230,489 202,406 16. LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due within one year on demand: Other loans 24,510 57,594 Amounts falling between one and two years: Other loans- 1-2 years 29,412 39,292 Amounts falling due between two and five years.. Other loans- 2-5 years 76,015 68,708 Amounts falling due in more than five year5: Repayable by instalments: Other loans more 5yrs instal 125,062 94,406 Page 24 continued...
King's Church Uckfield Limited Notes to the Financial Statements - continued forthe Year Ended 31 March 2025 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestrirted funds General fund 184,120 43,226 124,9051 202,441 Restricted funds D&SAdjei Specific Gifts Building Fund Newfrontiers Fund Toddlers Bulgaria Fund Building start up 639 1,074 1,013,084 209 120 12,2881 515 25,499 1,649 1,589 1,038.583 209 120 {1,2361 {62,5681 1,236 22,020 40,548 1,055,674 140,0781 24,905 1,040,501 TOTAL FUNDS 1,239,794 3,148 1,242,942 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 189,518 1146,2921 43,226 Restricted funds D&SAdjei Specific Gifts Building Fund Bulgaria Fund Building start up (2,288} {3,3901 {2,2881 515 25,499 11,2361 162,5681 3,905 25,499 9,181 15,783 110,4171 178,3511 54,368 194,4461 (40,078} TOTAL FUNDS 243,886 1240,738} 3,148 Page 25 continued...
King's Church Uckfield Limited Notes to the Financial Statements- continued forthe Year Ended 31 March 2025 17. MOVEMENT IN FUNDS- continued Comparative5 for movement In funds Net movement in fund5 Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 180,662 3,783 1325) 184,120 Restricted funds D&SAdjei Specific Gifts Building Fund NewFrontiers Fund Toddlers Bulgaria Fund Building start up 639 1,074 577,877 209 120 639 1,074 1,013,084 209 120 435,207 13251 40,548 325 40,548 579,919 475,430 325 1,055,674 TOTAL FUNDS 760.581 479,213 1,239,794 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 138,556 {134,7731 3.783 Restricted funds Specific Gifts Building Fund Bulgaria Fund Building start up 300 435,207 7,175 44,699 1300} 435,207 1325} 40,548 17,5001 14,1511 487,381 111,951} 475,430 TOTAL FUNDS 625,937 1146,7241 479,213 General fund General fu nds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Page 26 continued...
King'5 Church Uckfield Limited Notes to the Financial 5tatements- continued forthe Year Ended 31 March 2025 17. MOVEMENT IN FUNDS- continued D&SAdjei The purpose of this fund is to support David and Sarah Adjei who lead a church in Santa Cruz, Bolivia, overseen by Newfrontiers. Specific gifts This fund was created with the purpose of supporting members of the church during times of hardship and difficulty. Building fund The Building Fund is accumulating for the purpose of the Church's new permanent home. During the year, a further £25,499 12024: £420,660) was raised in the form of donations and investment income. Newfrontiers Newfrontiers is a group of apostolic leaders partnering together on a global mission, joined by common values and beliefs, shared mission and genuine relationships. This fund has been created with the purpose of working with Newfrontiers to achieve shared aims, part of this work includes a church plant in Bolivia which as been recently started. Toddlers This fund was created to support three toddler groups for O-l, 1-2 and 2-3 year olds on Friday mornings during term time. Toys and activities are provided to the children, a5 well as refreshments for them and their carers. Bulgaria As part of the overall aims and objectives of the church, church members are sent overseas proclaiming the Gospel message. This fund is used to support church members travelling to Bulgaria to visit partner churches and support of the church in Mezdra, particularly to allow them to afford a church leader. Building start up This fund was created for the maintenance for the property purchased with the Building fund for £1,300,000. Page 27 continued...
King's Church Uckfield Limited Notes to the Financial Statements- continued for the Year Ended 31 March 2025 18. EMPLOYEE BENEFIT OBLIGATIONS The charitable company contributes to employees, defined contribution pension schemes. The pension cost charge for the year represents contributions payable by the charitable company to the schemes and amounted to £2,35012024'. £1,977). Contributions totalling £391 {2024: £2961 were payable to the schemes at the end of the year. 19. OTHER FINANCIAL COMMITMENTS Total financial commitments which are not included in the balance sheet amount to £1,125 12024: £20,481). 20. RELATED PARTY DISCLOSURES During the year, donations were received from trustees amounting to £33,62012024.' £233,525}. 21. ULTIMATE CONTROLLING PARTY The charity is controlled by the trustees who are all directors of the company. 22. MEMBERS, LIABILITY The charity 15 a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. Page 28
King's Church Uckfield Limited Detailed Statement of Ftnancial Activities forthe Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations 240,942 610,930 Investment income Deposit account interest 1,166 14,887 Other income Gain on sale of tangible fixed assets Sundry receipts 1,778 120 1,778 120 Total Incoming resources 243,886 625,937 EXPENDITURE Charitable artivities Advertising Services & outreach Travelling Hall hire Equipment & maintenance Grants to institutions Grants to individua15 1,669 9,792 472 3,316 3,927 4,050 91,395 613 8,574 853 12,221 1,955 5,400 12,710 114,621 42,326 Support costs Management Trustees, salaries Trustees, social security Trustees, pension contributions Trustees, expenses Wages Other operating leases Rates and water Insurance Communications Carried forward 61,125 1,120 2,350 49,414 5,564 1,977 17 8,359 14,628 5,399 2,849 598 2,879 11,750 12,956 5,841 872 31 98,895 88,805 Thi5 page doe5 not form part of the statutory financial statements Page 29
King's Church Uckfield Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 2024 Management Brought forward Postage and stationery Office supplies Premises expenses Subscriptions & resources Professional fees Bank charges Staff costs Motor expenses Fixtures and fittings Motor vehicles Computer equipment 98,895 875 3,776 9,757 1,912 1,769 77 2,215 970 2,579 158 292 88,805 1,805 665 987 680 1,789 75 2,196 769 2,561 210 656 123,275 101,198 Governance costs Accountancy fee5 2,842 3,200 Total resources expended 240,738 146,724 Net income 3.148 479,213 This page does not form part of the statutory financial statements Page 30