OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

THE KING'S CHURCH EPSOM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CHARITY REGISTRATION No: 1127019 COMPANY REGISTRATION No: 6745861 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex P018 8NF

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) CONTENTS Pages 3 to 7 Report of the Dlrectors Page 8 Staternent of Financial Activities Page 9 Balance Sheet Pages 10 to 18 Notès to the Financial Statements Page 19 Independent Examiners Report to the Trustees

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2022 LEGAL AND ADMINISTRATIVE INFORMATION CHARrrY NUMBER 1127019 COMPANY REGISTRATION NUMBER 6745861 START OF FINANCIAL YEAR l January 2022 END OF FINANCIAL YEAR 31 December 2022 DIRecTORS WHO seRVED DURING THE YEAR TO 31 DecEMBeR 2022 Mr P Rice Mrs E Akojle Mr A Olalekan COMPANY SECRETARY Mr P Rice REGISTERED ADDRESS Longmead Road Eps0 Surrey KT19 9BU DATE OF INCORPORATION 11 November 2008 GOVERNING DOCUMENT Memorandum and Articles of Association dated 11 November 2008 BANKERS CAF Bank Limited 25 King5 Hill Avenue West Nalling ME19 4JQ INDEPENDENT EXAMINER Independent Exarniners Ltd Unlt 2 The Broadbridge Business Centre Delling Lane Bosham West Su55ex P018 8NS OBJECTS As set out In the Dlrectors annual report

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 Sttwcture, Governance and management: The King's Church Epsom is an incorporated company limited by guarantee,. company nurnber 6745861. The church 15 governed by the Spiritual Authority of the church, which is rnade up of rninistries and elders. Ministries and Elders are elected by a Special Resolution of 8 church mÈmbers meeting. Membership of the church is open to all who profess a true repentance of sin and faith In the Lord Jesus Christ and whose lives give evidence of It,. have agreed with the church's doctrinal basis of faith., are enthusiastically able to embrace the vision of the church having normally followed our 'Into the family, CoU￿e and whose applications have been agreed by the church council. Objectives and Activities The Charity's objects I'the Objects") are'.- 141 T0 4dvonce the Christion faith in accordance with the Ststement of Beliets in the Schedule to the Article5 hereto attached in such ways and In such parts of Epsorn and Ewell, the United Kingdom or the world as the Trustees from time to tirne may think fit,. Ibl To relieve sickns and financi31 hardship to promote and preserve good health by the provision of funds, good5 or seroices of any kind, including through the provision of counselling and support in such parts of Epsom and Ewell the United Kingdom or the world as the Trustee5 from tirne to time moy think fit. Icl To odvance education in such ways and in such parts of the United Kingdom or the wodd a5 the Tru5tee5 moy froni time to time think fit,. Idl To provide or assist in the provision of facilities in the Interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of Improving their conditions of life In such parts of Epsom and Ewell, the United Kingdom or the world as the Tru5tee5 may frotn time to tirne think fit. We meet every Sunday to worship God and teach the gospel. W& maintsln a full programme throughout the week. including prayer meetings and horne groups for fellowship and bible study. We run extensive youth programmes for all ages for both the youth in the church and the community. We run regular training sessions to equlp and raise up leaders. We touch the live5 of the community through clubs for old and youngi and via outreach on the streets. We are actively engaged In supporting overseas ministry through indigenous churches and leaders. Aehlevements and Performance In pursuing our activltles the Trustees have had a due regard to the Charlty Commisslon's guidance on operatlng for the public benefit. We seek to maintain enough oserves to cover three months of expenses including salaries and running costs. Our principal source of funding is regular giving from Church members. We typically organise gift days and special offerings approximately twice a ye4r for parti¢ulfjr needs. In addition, we receive gifts for the use of our building from the outside cornmunity. We did not pursue gift days in 2022 In deference to the negative financial impact of the 'cost of living. pressur including high energy pri¢es. The downturn in rentsl incorne that Wa5 experienced in the previou5 two yeor5 due to Covid restrictions began to be reversed as activities resumed and some new groups became regular building users. It is the policy of the Church to maintain enough cash reserves to cover three months of expenses including salarie5 and runnlng costs. This currently equates to reserves of around £60k. We flnished the year with £84k, which amounts to a variation of £24k above the policy. The investrnent in salaries and building maintenance enables us to run the weekly programme to meet the needs of the Churth and thÈ tommunity. Beyond this thère is a lot of volunteer tim& given to enabling thè Church to opèrate, which at a conservative estirnate equates to another 10 FfE of staff tirne. The part-time Youth Worker vacancy was filled during the course of the year. The paid vacancy for the part-time Administrator were carried during the year. The church continued to employ the Pastor and Children's Worker.

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIREcfoRS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 We support full time missionaries overseas in accordance with our vision to be a church with a world mission. Trustees continued to monitor church Complian￿ with health and safety and safeguarding polices. Spiritual leadership is provided by a teom of Elders, in which the Pastor 15 also the le4d Elder. One of the Elder5 Stepped down from the role in April. Some time was giv&n to team development and options for succession planning, and how areas of re5POn5ibility con be better delegated to the right level of leadership. The leadership presented "Together with God" a5 the over-arching theme for 2022. This wa5 developed into more detoil.. Deepen and widen friendships and fellowshipi particularly through the multiplication of life groups and greater proportion of church in the groups Trainingtr discipleship and development, so that everyone knows their part and does it well. People helped to understand their roles and tralning/development that goes ¥vith that. Fotused and targeted outreach in multiple fiÈlds'. through Èmployment of youth workÈr, bÈfriending the community groups using the church buildingi continuing to run Brewing Friendship in partnership with Surrey County Council and seasonal outreach. The Church is part of"Commission- which is geographical grouping of around 50 New Frontiers International churches. The Lead Elder (Pastor) continued studie5 for a master's degree in the01￿Y facilitsted by Comrni55ion. Leaders and the wider Church participated in regular events of worship, encouragement, wider community awareness amongst the family of churche5 and training. The church had around 120 to 130 me[nbe￿ during the year. The Church was represented on both Epsom and Ewell Churches Together. Achievements against Objectives set Our prograrnme of regular Sunday meetings, prayer rneetings and small groups meeting in homes were maintained and developed and are key means of maintaining a Consistent and in-depth Chrisitan witness to existing ￿gUlar$ and new corners. Much of this Is also made available on line. New in 2022 was the stsrt up of a weekly day tirne Bible study and prayer group for women. We ore involved in supporting o network of church activitie5 in Serbio ond we continued regular support to Calvary Ninistries in Mozambique. Our Senior Pastor and his wife visited the work in Serbia, Bosnia and Cmatia in November. The church provided partial financial 5UPPOrt for two new mi55ionarie5 going into Gerrnanyi and the Senior Pastor and hi5 wife made a visit to that work in April. joint online meetings facilitated the sharing of good practice between mission partners. The church ran a -summer breeze" event on one Sunday in surnmer which offered free food and fun activities to the local community whilst also enabling people to meet the church 4nd perhaps remove some of the inhibitions that people may feel about a place they don't know. About 200 to 300 people from the community came along and at that time some showed interest in participating in an Alpha course planned for later in the year. An Alpha course which is designed to enable people explore the belief5 of the Christian faith and explore their questions was held in partnership with another IDcal church. We regularly hired out the premises for use by both a Brazilian church and a Portuguese church. Four people were baptised.

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 Ob ect 2.. To relieve sickness and financial hardshi and to romote and reserve ood health... We continued to make the premises freely available to a group which provides a social and support space for the homeless, unernployed 4nd sociolly isolated. One of our Church mernbers 15 the debt coach ot a CAP debt centre. Many cose5 have multiple issue5 around housingi mental health, as well 85 debt. We continued regular support to the charlty 5000+ véhlch works in a number of countrles to teach and train communities to rnake the most out of the skills and resources with which they are already blessed. This has resulted in numerous Stories véhere the economic situatlon of whole vlllagÈs has been changed for the good. WÈ rÈnÈwÈd contètt with thÈ NÈW BÈginning's Home in Albania whith providÈs tare for children who might othÈrwisÈ have challenging domestlc Sltuations. We have also continued to operate a welfare fund to enable a financial pool to be available to help those In the church cornrnunity facing acute monetsry pressures. In conjunction with Epsorn Churches Together we continued to pursue establishing housing for the 'howeless' under the auspices of the charity"Hope Into Action" The first tenants moved Into the house during th& course of the year. We also launched an Initiative to support Vulne￿ble people and provlde hot meals to people In the communlty on Christmas Day. The Mid Surrey Community Fridge ran frorn our premises We continued with regular financial support to Spinnaker which is a Christian charity that offers support to schools with covering faith a5pect5 of the notional curriculum. Hires for educational and creative groups for both the older generation IU3AI and the younger (Moo Music) in the year. tlme occu atlon of Individuals... In rÈlètion to in pÈrson thildrÈn's work therÈ werÈ Easter èctivities for the youngÈr agÈ group, ènd è HallowÈÈn alternative party for that same age gmup. A number of young peopl& participated In a Christian youth event wher& they could engage with worship. fellowship and teaching that specifically shaped for their age group. A 'Tea and chat, group for people in the cotntnunity to come t￿ether for light refr￿hrnents, company and entertaintnent ran through the year. Frlday FI22. our parent and toddler mlnlstry resumed In 2022. Firtancial review The Trustees repDrt a surplus of £14,440 income over expenditure this year, ¢ompared to a surplus of £37,041 in the previous financial year. The Trustees are of the opinion that the charity is financially viable and can continue to meet its liabilities, when they fall due.

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 Departure from Church internal financial controls policv During July 2022 the Finance Council was made aware that a member of the King's Church Epsorn had been rnaking payrnents over a nurnber of months to several profe55ional rnu5iClan5 who had been rnini5tering a5 Part of the worship team. The Finance Council were approached and asked to reimburse the member for these payments which totalled £8,970.00. The Finonce Council considered that.. This expenditure had not been authorised in advance of the payments being made. This expenditure had not been budgeted for in the 2022 Budget. Relmbursement in thls Instance could set a precedent that members could declde flnanclal pollcy Independently. The Finance Council decided not to pay this claim. However, it was ag￿ed to raise this issue at the Church AGM. At the AGM, a majority of Church members posent indicated their approval to include payment of professional musicians for participation In the worship team, In future budgets. The Finance Council were later approached by a member of the Church leadership and asked to reconsider reimbursement of the originol expense claim on pastoral grounds. The Finance Council held an extraordinary rneeting to reconsider the matter. It Was agreed that,. Since the Church held sufficient funds, the expense claim would, exceptionallyi be paid in this instance. Those involved in making ènd Èncourègino the unauthorised payments would receive a formal ￿prImand, informing them that any repeat of such actions would not be tolerated. They were rerninded that the financial controls, governance and atcountability structu￿5 put in place to safeguard the reputation of the Church and its leaders, must be understood, taken seriously and rnaintained at all times. Thè Churth's financial controls policy must be re-￿ad and re-signed by the lèader involved. These decisions We￿ sub*quently actioned as agreed. Statement of Director's responsibilities: The Charities Act and the Cotrpanies Act require the Board of Trustees to p￿pare financial staternents for each financial year whlch give a tru& and falr vlew of the state of affalrs of the charity as at the end of the flnancial year and of the Surplus or deficit of the charity. In preparing those financial staternents the Board is required to selÈrt suit8blÈ actounting PDlicies and thÈn apply thÈm consistÈntly make judgements and estimates that are reasonable and prudent,. and prepare the flnancial statements on the golng concern basls unless It is InapprOp￿at@ to presume that the charity will continue in business. state whether applicable accounting standards and statetnents of recomrnended practice have been followed subjert to any material departures disclosed and &xplain&d in th& financial statements,. The Trustees 4re 0150 re5PQn5ible for maintoining adequate accounting records which disc105e with reasonable accuracy at any time th& financial position of th& charity and which are sufficient to show and explain the charity's transactions and enable thern to ensure that the financial ststement5 cornply with the Companie5 Act 2006 4nd comply with regulations made under the Charities Art. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud ond other irregularities. The Tru5tee5 are a150 re5PQn5ible for the content5 of the trustees, report, ond the re5PQn5ibility of the independent examiner in relation to the trustees, report is Iimit&d to examining th& report and ensuring that , on the face of the report. there are no inconsistencies Wlth the figures di5cIoged in the financial 5taternents. These accounts have been prepa￿￿ in accordance with the provisions applicable to cornpanies subject to the small companies regime. I approve the attached statement of financi313ctivitie5 and balance Sheet for the year ended 31 December 2022, and conflrm that I have made available all Infomatlon necessary for its preparation. Date.. 2023 Signature.. Print narne.. PEFER RICE

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unostricted Funds Designated Funds Restricted Funds TOTAL 2022 TOTAL 2021 Notes INCOME AND ENDOWMENTS FROM: Donations and Legacies 2a 198,329 2,812 10,789 211,930 193,641 Charitsble Activities 2b 20,183 884 150 21,217 9,980 Investments 190 190 OthÈr 2d 335 335 3,833 TOTAL INCOME 219.037 3,696 10.939 233.672 207.458 EXPENDITURE ON: Roi5ing Funds 3a 863 863 Charitsble Activities 3b 203.819 7,204 7,284 218.307 170,417 Other 62 62 EXPENDrruRE 204 744 219 232 170 417 NET INCOME/(EXPENDITURE) 14.293 (3,508) 3.655 14.440 37.041 Transfers bet4veen funds 129,3171 29,317 NET MOVEMENT IN FUNDS 25.809 3.655 37.041 Reconciliation of funds: Total Funds Brought Forward 1,208,181 1188,6891 12,822 1,032,314 995,273 TOTAL FUNDS CARRIED FORWARD Novements on all reserves and all recognised gains and losses are shown above. All of the oryanisation's operation5 are classed as continuing. The notes on page5 10 to 18 fortn part of these financial statements.

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) COMPANY NO: 6745861 BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestricted Funds Designated Funds Restricted Fund5 31-Dec-22 Total 31-Dec-21 Total Note Fixed Assets Tangible assets 1.146.045 L,146.045 1,141,656 Current Assets Debtors Cash at bank and In hand Total Current Assets 9,887 46,432 62 21,476 9.949 84,385 6,971 98,461 105 432 16,477 Creditor$- amounts falling due within one year 9,207 21,660 30.867 36,790 NET CURRENT ASSETS 47,112 11221 16,477 63,467 68,642 TOTAL ASSETS less current liabilitie5 1,193.157 (122) 16,477 1,209.512 1.210.298 Creditors: arnounts falling due in more than one year io 162,758 162.758 177,984 NET ASSETS 1,193.157 (162,880) 16,477 1,046,754 1.032,314 Funds of the Charlty Gen&ral Funds Designated Funds Restricted Fund5 1.193.157 1,193.157 1162,8801 16,477 1,208,181 1188,6891 12,822 1162,8801 12 16,477 Total Funds 1,193,157 (162.880) 16,477 1,046,754 1,032,314 DIRECTORS. RESPONSIBILrriES: The charitable company's financial statements have been prepared in accordance with the provisions applicable to cornpanies subject to the small companies regime. The Directors consider that the company is entitled to exemption from the requirement to have an audit under the provi510n5 of section 477 of the Cotnpanie5 Act 2006 1.the Act") ond rnetnbers have not required the cornpany to obtain an audit for the year in question in accordance with sertion 476 of the Act. However, In accordance with section 145 of the Charitie5 Act 2011, the accounts have been exarnined by Independent Examiner whose report appears on page 19. The Directo￿ acknowledge their responsibilities for cornplying with the requirernents of the Act with respect to accounting records and the prÈpèration of financial statèments. Approved by the Directors on the .2023 Signed on their behalf by Peter Rice Print Narne.. PEtER RICE

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 I. ACCOUNTING POLIcies Ba$1$ of preparation.. The financial stat&ments of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Chorities SORP IFRS 1021 'Accounting and Reporting by Charitie5'. Statement of Recomrnended Practice applicable to charities preparing their accounts In accordanc& with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Advantage has been taken of Section 396151 of The Companl&s Act 2006 to allow the format of the financlal statements to be adapted to reflect the special nature of the charity's operation and in order to cornply with the requirements of the SORP. The King's Church Epsom has tsken advantage of the exemption In Financial Reporting Standard No I from the requirement to produce a cash flow 5tatetnent. The King's Church Epsom rneets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recogni5Èd at historical cost unless otherwise statÈd in the relevant accounting polio notes. Preparation of accounts on a going concem basis Preparation of the accounts Is on a going concern basis. The Trustees are of th& view that the level of reseroes will support the charity going forword. The charity has opted to use the natural classificotion of categorie5 In Its accounts. Changes to accountlng estSmates No ch8ngÈs to atcounting estimates h8Ve Octurred in the reporting period Material prior period errors No rnateriol prior year error5 hove been identified in the reporting period. The particular accounting policies adopted are set out below. NTIN Ll IE Income Recognitlon of Income These are included in the Statement of Financial Activities ISOFAI when.. the charity becomes entitled to the Income.. it Is more likely than not that the trustees wlll receive the resources; and the rnonetsry value can be rnea5ured with sufficient reliability. Offsettlng There has been no offsetting of assets and liabilities, or income and expenses, unle55 required or permitted by the FRS 102 SORP or FRS 102. Grants and Donations Grants and donations are only included in the SOFA when the general incorne recognition criteria are met15.10 to 5.12 FRS 102 SORPI. Grants and Donations Grants and donations are only included in the SOFA when the general income recognition criteria are met15.10 to 5.12 FRS 102 SORPI. Volunteer Help The value of any voluntary help received is not included in the accounts but is described in the Directors, annual report Intome from interest royalties and dividertds This is Included In the accounts when receipt is probable and the amount receivable can be measured reliably. io

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Investment Income This 15 included in the account5 when receivoble. Investment Gains and Los*es This Included any gain or loss on the sale of investments and any gain or loss resulting from revaluing InV￿tments to market Value at the end of the year. Government Grants The charity has received govemment grants during the year, in the form of HMRC job retention scheme support grants. Liability reco9nition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out rÈsourtÈs and th& amount of thè obligation can bÈ measured with ￿aSonable cÈrtainty. Governanee Costs Support costs have been allocated between governance costs and other support. Governance costs cornprise all costs involving publi¢ accountability of the charity 4nd its compli4nce with regulation and good practice. Legal status of the charlty The charity is a company limited by guarantee and has no share capitsl. In the event of the charity being wound up, the liability in respert of thÈ guaontÈe is limitÈd to £1 per mÈmber of the charity. Penslon Seheme The charity operates a government backed defined contribution pension scheme. Contributions are charged to the Statetnent of Financial Activities as they becotne payable in accordance with the rules of the scheme. The charity is under no further obligation to rnake any extro poyment5 irrespective of how that pension fund pÈrforms. A55ets Tangible fixed a55ets for use by the charity., These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if glfted, at the value to the charlty on recelpt. Depreciation Is calculated at a rate to wrlte off the cost of tanglble flxed assets over thelr estlmated useful Ilves. The estimated useful lives/rates applied are as follows.. Church Premise5 Furniture ènd Equipment Land 150 years straight line 15Wts Straight line Not depreciated 2. INCOME AND ENDOWMENTS FROM: Unrestricted Funds Designated Funds Restricted Funds TOTAL 2022 TOTAL 2021 a) Donations and Legacies BACS Giving Donations Gift Aid Tax Reclaim Offerings Special Offerings Grants - HMRC Job Retention Scheme 148,316 148,316 138,396 726 27,725 5,759 12,267 8,768 25,910 21,200 2,903 62 25.972 21,200 16,442 2,750 10,789 198.329 2,812 10,789 211.930 193,641 b) Charitable Activities Rental Income Youth Work 16,408 3,775 16,408 4,809 9,324 656 884 150 20,183 884 Iso 21,217 9,980 li

THE KING'S CHURCH EPSOM

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

2. INCOME AND ENDOWMENTS FROM:
c) Investments
Bank Interest
d) Other
Miscellaneous Income
Refunds and Repayments
3. EXPENDITURE ON:
Note
a) Raising Funds
Publicity
b) Charitable Activities
Activities undertaken directly
Caring/Tea and Chat
Catering and Cleaning
Children and Youth
Donations to Commission
Missions:
Home
Overseas
Visiting Speakers
SUB TOTAL		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2022
2021
£
£
£
£
£
190
0
0
190
4
190
0
0
190
4
335
0
0
335
93
0
0
0
0
3,740
335
0
0
335
3,833
Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2022
2021
£
£
£
£
£
863
0
0
863
0
863
0
0
863
0
2,284
0
2,698
4,982
600
7,080
0
0
7,080
3,353
8,984
0
0
8,984
2,806
10,639
0
0
10,639
4,901
7,543
0
970
8,513
4,600
23,050
300
2,000
25,350
23,762
17,805
0
0
17,805
2,862
77,385
300
5,668
83,353
42,884

12

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {contlnued} FOR THE YEAR ENDED 31 DECEMBER 2022 3. EXPENDITURE ON: Note Unrestricted Funds Designated Funds Restricted Funds TOTAL 2022 TOTAL 2021 SUB-TOTAL BROUGHT FORWARD 300 Su ort Costs Conf&rences Depreciation Equipment Fees ènd Substriptions Insurance Literature and Supplies Naintenance Mortgage Interest Notor and Travelling Personnel Expenses Printing, Postage, Stationery, Photocopy Sundry Expenditure Telephone I,iii 8,682 1,414 3,981 3.019 144 9,603 i.iii 8,682 1,414 3,981 3.019 144 9,603 6,904 173 8,316 1,309 2,082 3,454 132 17,102 6,569 ioi 6,904 173 2,044 1,505 252 1,373 5,083 2.044 1,505 252 1,373 5.083 2,753 1,503 loo 607 3,926 Wages and Salaries 13 202,289 7,204 7,284 216,777 168,917 Governance Costs Independent Examiner's Fees 1,530 1,530 1,500 TOTAL CHARITABLE ACTIVITIES 203,819 7.204 7,284 218,307 170,417 c) Other Nlscellaneous Expendlture 62 62 4. SUPPORT AND GOVERNANCE COSTS Support Governance Total Offite and administration Independent examiners fees 216,777 216,777 1,530 1,530 5. DETAILS OF CERTAIN TYPES OF EXPENDITURE 2022 2021 Independent examiner's fees Assurance services other than audit or independent examination Tax advi50ry fees other fe&s Ifor example.. financial advice, consultancy, accountancy serwicesl paid to the independent exarniner 1.530 1,500 13

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {continued} FOR THE YEAR ENDED 31 DECEMBER 2022 6. TANGIBLE FIXED ASSETS Church Church Premises Premises Land elernent Building element Tlde No.. SY5L5754 Tlue Plo.. SY5L5754 Furniture & Equipment TOTAL Cost at Additions Cost 8t 01-Jan-22 175,106 1,075,650 15,221 13,071 28,292 1,265,977 13,071 L,279,048 3L-Dec-22 175,106 1,075,650 Depreciation at Charge DÉp￿t18t10n at 01-lan-22 112,768 7,171 119,939 11,553 124,321 31-Det-22 133,003 Net Book Value Net Book Value 31-Dec-22 31-Dec-21 175 106 175,106 955 711 962,882 1 146 045 1,154,727 16,739 Church Premises The 14nd for the church site acquired in November 1982 for approximately £14,000. The original building was constructed In Nay 1983 at an approximate cost of £85,000. Additional loans from UKEF and NWB were utilised towards the extension and fumishing of the buildings on the site ènd was completed in May 1993. All loons relating to these costs were cleared by September 2000. The property was revalued by Jonathan Berney Consultant Surveyors and Valuers on 5 August 2009. An odditionol loan from Triod05 Bank wa5 taken out during 2009 to fund an extension of the church buildings and further drawdowns were taken from Triodos Bank during 2010. The per￿ntage split shown above between the land and building element is calculated based on the original cost prices. 7. DEBTORS AND PREPAYMENTS Unrestricted Fund Designated Fund Restricted Fund Total 31-Dec-22 Total 31-Dec-21 HNRC Glft Aid Tax Recoverable HNKC Ernployer Allowan￿ under-claimed 1,350 8,537 62 1.412 8,537 2,971 4,000 9.887 62 9.949 8. CASH AT BANK AND IN HAND Unrestricted Fund Designated Fund Restricted Fund Total 31-Dec-22 Total 31-Dec-21 Current Accounts Deposit Accounts Petty Cash 9.351 36,888 193 21,476 16,477 47.304 36,888 193 61,468 36,748 245 46,432 21,476 16,477 84,385 98,461 14

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2022 9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WThHIN ONE YEAR Unrestricted Fund Designated Fund Restricted Fund Total 31-Dec-22 Total 31-Dec-21 Accruals Independent Examiners Fees Triodos Lo8n undÈr l year 7.677 1,530 7.677 1,530 21,660 6,443 1,500 28,847 21,660 9,207 21.660 30,867 36,790 10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR Unrestricted Fund Designated Fund Restricted Fund Total 31-Dec-22 Total 31-Dec-21 Triodos Loèn over l year 162,758 162,758 177,984 162.758 162,758 177,984 In 2009, the Church began a building project to extend the Church premise5. The Church obtained a loan with Triodos bank. ThÈ church repays Triodos bank on a monthly basis. In 2022 thÈsÈ rÈpaymÈnts totalled £22,413.44. The èmount outstanding at 31st December 2022 was £184,417.15. 11. DESIGNATED FUNDS - MOVEMENT CURRENT YEAR Balance 01-Jan-22 Transfers Btw Funds Balance 31-Dec-22 Incorne Expenditure Children and Youth Work Beginnings Children's Home (Albanièl Voth Family PNG Building Project Special Offerings Te6 and Chot 12941 12481 884 590 300 15481 {188,3691 2,812 6,904 29,317 1163,1441 222 222 188 689 162 880 11. DESIGNATED FUNDS - MOVEMENT PREVIOUS YEAR Balance 01-lan-21 Transfers Btw Funds Balance 31-Dec-21 Income Expenditure Children and Youth Work New Beginnings Children's Home (Albanial Voth Family PNG Building Project Special Offerings Tea and Chot 1591 11,5601 706 152 941 400 12941 12481 1,560 (212,6291 1,982 6,569 28,847 1188,3691 222 222 214,02 ,840 7,910 30,407 188. 89 Designated Fund5 are represented by.. 31112/2022 3111212021 Cash at bank and In hand Debtors Igift aid) Short tem) liabilities (Triodos loan) Long terrn li3bilities (Triodos loan) 21,476 62 128,8471 155 571 162,880 18,080 62 128,8471 177,984 188,689 15

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {contlnued} FOR THE YEAR ENDED 31 DECEMBER 2022 12. RESTRicfED FUNDS- MOVEMENT CURRENT YEAR Balance 01-Jan-22 Transfers Btw Funds Balance 31-Dec-22 In¢ome Expenditu New Beginnings Children's Home (Albanial Sarnaritan5 KÈruna Attion (formerly Kingstarel Pastoral Fund Adhoc Fund Children and Youth 28 5,347 28 3,124 475 2,698 200 6,376 870 2,424 7,825 215 1,616 2,970 1,008 11,231 1,085 12,822 10.939 7,284 16,477 12. RESTRICTED FUNDS - MOVEMENT PREVIOUS YEAR Balance 01-Jan-21 Transfers Btw Funds Balance 31-Dec-21 Incorne Expenditure New Beginnings Children's Home (Albanial Sarnaritans Karuna Artion Iformerly Klngscarel Pastoral Fund Adhoc Fund Children and Youth 342 5,887 13471 13141 28 5,347 60 600 348 2,222 5,217 2,022 5,987 200 6,376 870 7.540 870 13941 360 Any restricted fund5 in deficit will be replenished in the following financial year. The New Beglnnlngs Fund relates to the upkeep of a Children's Home in Thrana, Albanla. The Voths Fund relates to support for the Voth family, who work with Wycliffe Bible Translators in Papua New Guinea. Karuna Action IFormerly Kingscarel is a Christian relief charity. Restricted Fund5 are represented by.. 31-Dec-22 31-Dec-21 Cash at bank and In hand 16,477 16,477 12,822 12,822 There were no transfers between funds in 2022. 16

THE KING'S CHURCH EPSOM (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 13. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL 2022 2021 Gross Wages and Salaries DWP Employer's N4tional Insurance Costs (after annuol allowancel Employer's Pension Contributions 79,440 120 3,159 5,417 88,136 70,076 3,234 4,769 78,079 Average number of employe who We￿ engaged in each of the following activities.. 2022 TOTAL 2021 TOTAL Activities in furtherance of organisation's ob]ects At the start of the period, the church employed two full time staff mernbers and zero part time staff members. At the end of the period, the church employed three full time staff members and zero part time staff rnetnbers. No etnploye received emoluments in excess of £60,000. Staff ore paid both through the PAYE systern. 12021.. None). The charity operates o government backed defined contribution pension scherne. Ernployer contributlOn5 are charyed to the statement of Financial Activities ISOFAI as they become payable in accordance with the rules of the scheme. The charity is under no further obligation to make any extra paytnents irrespective of how thot pension fund perfomis. The arnount charged to the SOFA during this financial year was £5,417 12021.. £4,769). The key rnanagement personnel of the charity comprise the Board of Trustees, none of whom are remunerated. Therefore, the total employee benefits (including employer national insurance and employer pension contributions) gf the key management personnel of the charity were £0. 17

THE KING'S CHURCH epsom (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {contlnued} FOR THE YEAR ENDED 31 DECEMBER 2022 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS CURRENT YEAR Designated Restricted Funds Funds Unrestricted Funds TOTAL 2022 Tangible Fixed A55et5 Net Current ltssets Long Terrn ￿abilItieS 1,146,045 47,112 1,146,045 63,467 1162,7581 11221 1162,7581 16,477 1,193,157 162.880 16,477 1.046.754 PREVIOUS YEAR Designated Restricted Funds Funds Unrestricted Funds TOTAL 2021 Tangible Fixed A55et5 Net Current ltssets Long Terrn Liabilities 1,141,656 66,525 1,141,656 68,642 1177,9841 110,7051 1177,9841 12,822 1,208,181 -188,689 12,822 1,032,314 15. DIRECTORS AND OTHER RELATED PARTIES Out of pocket expenses were repaid to directors. No other payments were made to directors or any persons connected with them during this financial period. No material transaction took ploce between the organi5ation and a director or any person connected with them. 16. RISK ASSESSMENT The directo￿ actively review the ma]or risks which the charity faces on a regular basis and believe that maintsining the free reserves stated, comblned wlth the annual ￿Vie¥V of the controls over key financial systems carried out on an annual basis will provide sufficient resources In the event of adVe￿e conditions. The directors have also exarnined other operational and buslness risks which they face and confim that they have established systems to mitlgate the signiflcant risks. 17. RESERVES POLICY The directors have ¢onsidÈrÈd thÈ lÈvÈl of rÈsÈrves they wish to rÈtain, appropriètÈ to the ¢h8rity's nÈÈds. This is based on the charity's size and the level of financial cornmitments held. The directors airn to ensure the charity will be able to continue to fulfil its tharit3blÈ objÈrtives even if thÈrÈ is a temporary shortfall in intomÈ or unÈxpÈrtÈd Èxpenditure. The directors will endeavour not to set aside funds unnecessarily. The policy Is described In more detail In the directors report. 18. PUBLIC BENEFIT The charity acknowledges its requirement to demonstrate clearly that It must have charitable purposes or'aims, that are for the public benÈfit. DÈtails of how the tharity has 8thievÈd this are provided in the dirÈrtors rÈport. The directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undÈrtake. 18

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees on my examination of the accounts of The King's Church Epsom for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity’s trustees of the charitable company (who are also the directors of the company 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 charitable company are not required to be audited for this year 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 material matters have come to my attention which gives me cause to believe that:

I have no other 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.

Signed: FCIE

Date: 13th October 2023

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

19