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

- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or 

- the accounts do not accord with such records; or 

- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 Charities SORP (FRS102). 

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