Registered number: 06770192 Charity number: 1129426 KING'S CHURCH KENDAL {A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Armstrongwatson. Accountants, Business & Finanaal A<fvisers
KIms CHURCH KENDAL (A company limiw by guardnteo) CONTENTS Page Reference and administrativo detai15 of the Chaiity. its Truste and advtser5 Trustees. report Indep•ndent examinerfs report Statement of finan¢ial activities Balance sheet Notes to the financial statements 8-20
KING'S CHURCH KENDAL (A umnpany Ilmlt•d by guarantsel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 310ECEM8ER 2024 Trustees Mr D Barfoot, Director Mr R Hom. Director MFSS L Skellem, Tasur Mr G Wadsworth. Trustee Mr E J BennetL Tnjstee Mr A R Coram. Trustee Ms Y M Coram, Trustee Ms D M Reddin. Trustee Company registered number 06770192 Charity rngistered nUMr 1129426 Principal address The Shakespeare Centre Yard 76 Highgate Kendal Cumbria LA9 4HE Independent examiner Armstrong Watson LLP 2 Europe Way Cockermouth Cumbria CA13 ORJ Page 1
KING'S CHURCH KENDAL {A comparry limited by guardrteel TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The TTUStees present their annual report together 7hith the financAal statements of the Charity for the year 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The TnJstee5 confirm that the Annual report and financial ststemenls of the Charitsble Company Comply with the current ststutory requirements, the qu1ments of the charitable company'$ goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance ¥th the Financial Reportt'ng Standard applicable in the UK and Republic of Ireland IFRS1021 {effective 1 January 20191. Since the Charty qualthes as small under 5eth.on 382 of the Gompanie5 Act 20C6. the Strategic report Tequired of medium and large Gompanies under the Compan5 Act 2006 IStregi¢ Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities a. Palici•s and otye¢ti¥¢s King's Church Kendal'5 primary acbvity is to promote the chrisb.an Faith for the public benefit, and il seeks to do this through the five main avenues belw. To advance Christianity in accordance the slatement of faith contained in the appendix to the memorandum of association, in Cumbria and in other parts of the United Kingdom or the wortd a5 the trustees may from trme-t.rne think fft. To relieve aged persons and persons in condrtions of need. hardship. sickness or distress arising from vthether in connection wth housing or accommodation or shelter or any other purpose (whether by way of loan, gift, the provision of accommodation, shelter or in any other way) in Cumbria and in such parts of the United TrQngdom or the as the trustees may from timtrtcFtime think fft. To promote and fu11 such other ¢hartsble purposes beneficlal to the community in Cumbria and in such parts of the United lQ'ngdom or the wodd as the trustees may from tsme-ttstime think fiL To advance education of children (above or below compulsory school age) or adults. To bring lief lo the poor in the United lth"ngdom or e15ewthere in the wyld. Achiev8m•nts and rf0Mlac• . Main achieveThents of the Charity The church has achieved the follow.ng as a resutt of the objeclives and actiwties being met.. Teaching regulady M Sundays to aduK5 and chiktren (above and bel(w compulsory school age) Youth Groups Ladies Coffee Morning Community Groups throughout the k Outreach to Kendal communib.es through Pizza Nights arKt similar events Support young people going to yovth Gamp5 Operated a foodbank for the residents of Kendal Provided a building (Shakespeare Centrel lor the use of local community groups Page 2
KING'S CHURCH KENDAL IA company limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial rnvièw . Going concem After making appropriate enquiries, the Truslees have a reasonable expe¢t*ion that the Charity has adequate resources to continue in operational existence for the foreseeable luture. For this reason, they continue to adopt the going concern basis in preparing the financial stslements. Further details regarding the adoption of the going concern basis can be found in the acc¢rtJnb"ng poli¢ies. Structure, gov8mancè and management . Constitution King's Church Kendal is registered as a charrtat4e company limtted by guarantee and was set up by Memorandum of Association. b. Methods of appointmerrt or ele¢tton of Trust8•s New trustees are recnjtted from wthin lfjng's Church Kendal by invitation and intervtew by the member5 (Elders) of King's Church Kendal. ¢. Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity. and are satisfied Ihat systems and procedures are in place to mitigate exposure lo the major risks. Members. liability None of the trustees has any beneficial interest in the company. Al of the trustees are membeTS of the company and guarantee to contribute £1 in the event of a V•inding up. Page 3
KING'S CHURCH KENDAL (A company limitad by guarantse) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Ststsment of Trustees. responsibilities The Trustees Ivtho are also the d1clOr$ of the Charity for the purposes of company law) are responsible for preparing the Trustees, report and the financial statemerts in accordance v¢ilh applicable law and United lfjngdom Accounting Standards (United lQngdom Generalty Accepted Accounts"ng Practice). Company law requires the Trustees to prepare financia statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are sats'sfied that they give a true and fair iew of the state of affairs of the Chartty and of tts incoming resources and application of Tesources, including its income and expendtiure, for that period. In preparing these financial staternents, the Trustees are required to.. select suitsble a¢¢ounting policies and then apply them consistentty.. observe the methods and prinaples of the Charitres SORP {FRS 102)," make judgments and accounting estimates that are reasonable and prudent". state whether applicable UK A¢Gountsng Stsndard5 IFRS 1021 have been foll0vd, subj'ect to any material departures disclosed and explained in the financial stslements", prepare the financial slalemenls on the going concern basis unless r( is inappropriate to psUMe that the Charity 111 continue in business. The Trustees are responsible for keeping adequate accounting cordS that are sufficient to show and explain the Charity's transa¢tion5 and disc105e reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply Imth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charrty and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularilie$. Approved by order of the members of the board of Trustees and signed on their behalf by". Mr G Wadsworth Trustee G R Wadsworth Date.. 29.09.25 Page 4
KING'S CHURCH KENDAL IA company limited by guarnntse) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examln¢rfs report to the Trustees of King's Chur¢h Kèndal {Ihe Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Respon$ibilTrties and basis of report As the TTUStees of the Chartty land its directors for the Purposes of company lawl you a responsible for the preparation of the accounts in accordance th the requirements of the Companies Act 20061.the 2006 Act'i. Having satisfied myseW that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on. l port in respect of my exafflination of the Charity's accounts carried out under section 145 of the Chartbes Act 2011 Ilhe 2011 Act'l. In ¢arrying out my examination I have followed the Directions given by the Charity Commission under section 14515)Ib) of the 2011 Act. Indèpèndent examinerfs statement I have completed my examination. I c(fiM7 that no matters have come to my attention in connection wlh the examinatson giwng me cause to believe.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act.. or the accovnts ¢Jo not a¢¢ord those records.. or the accounts do not comply the accoun"ng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fai¢ Mew Ithich is not a matter nsIdered as part of an independent examination.. or the accounts have not been prepared in accordance Vlith the methods and principles of the Statement Of Recommended Practice for accounting and repo"ng by chartb"e5 lapplicable to charities preparing their ac¢ounts in accordance the Financial Reporting Stsndard applicable in the UK and Republic of Iland IFRS 10211. I have no concems and have come across no other matter5 in connection vAth the examinab.on to vthich attention should be dra¥ in this report in order to enable a proper understanding of the accoun15 to be reached. This report is made soldy to the Chartls Trustees, as a body, in accorilance with Part 4 of the Charrties (Accounts and Reports) Regulat50ns 2008. My has been undertaken so that I might state lo the Charitys Trustee5 those matters l am required to state to them an Independent examiner's report and for no other purpose. To the fullest extent permrtted by law. I do not ac¢ept or assume responsibilty to anyone other than the Charity and the Charitys T¥LbStees as a body, for my wvrk or for this reporL Signed.. Dated.. 29 September 2025 Steven Kirkbride BFP FCA ATT MAAT Armstrong Watson LLP- Cockermouth Page 5
KIMG'S CHURCH KEMDAL (A company limited by guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNT} FOR THE YEAR ENDED 31 DECEMBER 2024 Restrictsd Unwe5tricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Incomè from: Donations and legacies Other trading activities Investments 81.265 90.109 64.768 478 88.773 71,431 397 64.768 478 Total income 73.612 81.743 155,355 160,60t Expenditure on- Charitable aGts'wties 86.336 91.517 177,853 189,842 Total expenditur8 86.336 91,517 177.853 189.842 Net movemert in funds 112.724) 19,7741 122.4981 (29.241) Reconciliation of funds: Total fund5 brought forward Net movement in funds 116.008 (12.7241 91.216 19,774) 207.224 {22,498) 236,465 (29,241) Total funds carried forward 103,284 81.442 184,726 207,224 The Statement of financial actieS indudes an gains and kjsses recc¥3nised in the year. The notes on page5 8 to 20 form part of these financial ststements. Page 6
KING'S CHURCH KENDAL {A company limlted by guarantee) REGISTERED NUIABER: 06770192 BALANCE SHEET AS AT 310ECEP18ER 2024 2024 2023 Note Fixed assets Tangible assets 49.776 45,689 49.776 45,689 Current assets stocks Debtors Cash at bank and in hand 10 15,312 124.382 17,601 148,378 139.992 165.979 Creililors.. amounts falling due V*ithin one year 12 IS.0421 (4.444) Net current assets 134,950 161,535 Totsl assets lèss current liabilities 184.726 207,224 Nat assets excluding pension asset 184,726 207,224 Total net assets 184.726 207,224 Charity funds Restricted funds unstricted lunds 103.284 81.442 176,008 91.216 13 Total funds 184.726 207,224 The Charity vra$ entiued to exempts'on from audit under secbon 47T of the Companies Act 2006. The members have not required the company to obtain an audrt for the year in question in accordance wth section 476 of Companies Ad 20C6. The Trustees ackno5edge their responsibiliiies for ¢omplw'ng wth Ihe requirements of the Act respect to accounting records and Preparation of financial statements. The financial statements have been ppared in accordance wth the prow$ions applicable to entitie5 subject to the small companies regime. The financial ststements were appTove(l and aulhorised for issue by Ihe Trustees and signed on their behalf by.. Mr G Wadsworth Tnjstee GR Wadsworth Date.. 29.09.25 The notes on pages 8 to 20 form part of these financial statements. Page 7
KING'S CHURCH KENDAL (A company limlted by guarantee) NOTES TO THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Genèral infomiation King's Church Kendal is a private company limited by guarantee incorporated in England and Wales. The registered office is The Shakespeare Centre. Yard 76. Highgate. Kendal, Cumbria. LA9 4HE. Ac¢ounting policies 2.1 Basis of preparation of financial statem•nts The financial statements have been prepared in accor¢Jance th the Challlies SORP IFRS 1021- Accounting and Reporting by Chanb"es". Statement of Recommended Pracbce applicable to charities preparing their accounts in accordance Nvith the Finanaal Repon9 Stsndatd applicable in the UK and Republic of Ireland {FRS 1021 leffecb.ve 1 January 20191, the Finanaal Reporting Slanctard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. King's Church Kendal meets the definition of a public benefit entsty under FRS 102. Assets and liabilities are initialty OgnIsed at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 In¢ome All income is 0915ed once the Charity has enb"Uement to the income. it is probable that the income will be received and the amount of income receivable ¢an be rneasured feliably. Income tsx recoverable in relation to investment income is recognised at the b.me the inveslrnenl income is receivable. 2.3 Expendituv• Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits wll be qUIred in settlement and the amount of the obligation can be measured rdiatly. Expendtiure is classified by activity. The costs of each activtty are made up of the totsl of di¢1 costs and shared costs, including support costs involved in undertaking each acb"wty. Direct costs attribijtsble to a single acbwty are allocated directly to that actiwty. Shared cos15 Ithich contribute to more than one aGb"vity and support costs which a not atth"bulable to a single actimty a apportioned bemeen those activibes oft a basis consistent with the use of resources. Central stsff costs are alkxated on the basis of time spent, and depreciatson charges allocated on the porbon of the asset's use. Expenditure on charitable actiwti"e5 is incurred on directy undertaking the aCt$v"eS which further the Charitys objectives. as as any assoaated support costs. All expendrture is indusive of irrecoverable VAT. 2.4 Tangible fix8d assets and depreciation Tangible fixed assets a capilalised and recognised en fLrture economic benefits are probable and the Cost or value of the asset can be measured reliably. Tangible fixed assets are inib.ally Tecognised at cost. After reGogntb"on, under the cost model, tangible fixed assets are measured al cost less accumulated depcl*lOn and any accumulated impairment 10sse5. Al costs incurred to bring a tsngible fixed asset into its intended working condition should be includeil in the measurement of cost Page 8
KING'S CHURCH KENDAL (A company limited by guardntse) 14OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢ies (continued) 2.4 Tangible fixed assets and depreciation (continued) DepTeaats"on is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful INes. Depreuatiw is promded on the following bases." Freehold property Fyant and machinery - Not depreciated 33 % straight line basi5115% duang balance basis - 20% reducing balance basis Motor vehicles 2.5 stocks Slo¢ks are valued at the loVr of cost and net realisable value after making due allowance for obsolete and SI0mOng stocks. Cost indudes all direct costs and an appropriate proportion of fixed and variable overhead5. 2.6 Debtovs Trade and other debtors are recognised at the settlement amount after any tfade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand indudes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of acqui511ion or opening of the deposit or similar account. 2.8 Liabilities and provisions Liabilits"es are recogni5ed en there is an obligation at the Balance sheet date a5 a sU11 of a past event, rt is probable that a transfer of economic benefit wll be reqUId in settlement, and the amount of the 5etUement can be estimated reliaw. Liabilities are recognised at Ihe amount that the Charity antiapates it will pay to settle the debt or the amount it has ceiVed as advanceil payments for the goods or serwces il must provide. Provisions ale MeasUd at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the prO$10n is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwnding of the discount is recognhsed in the Statement of finanrjal acbvities as a finance cost. 2.9 Financial instruments The Charity only has finanal assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are Initial recognised al transaction value and subsequently measured at their Settlement value the exception of bank loans sthich are subsequently measured al amorti5ed cost using the effecb.ve interest method. 2.10 Pensions The Charty operates a defined contribution pension scheme and the pension charge PreSents the amounts payable by the Charity to the fund in respect of the year. Page 9
KING'S CHURCH KENDAL IA company limited ty guarant•o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinu¢dl 2.11 Fund a¢¢ounting General funds are unresth.cted fvnds vknich are available for use at the discretion of the Trustees in furtherance of the general objecb.ves of the Charity and 1¢h have not been designated for other purposes. Re5tn"cted fijnds are fvnds vthich are to be used in accordance wth specific reslrTCtions imposed by Ilonors OT which have been raised by the Charity for PacUlar purposes. The ¢osts of raising and adminislering such funds are charged against the specffic fund. The aim and use of each stricted fund is sel out in the notes to the financial staternent5. Investment income. gains and losses are allocated to the appropriate fund. In¢ome from donations and legaci8s Restricted Unrestricted fvnds funds 2024 2024 Total funds 2024 Committed giving Jumble sales 78,264 425 2.163 413 78,264 425 11,007 413 Gift aid reclaimed Sundry giving 81,265 90,109 Reslricted Unrestt7¢tBd funds fvnds 2023 2023 Total funds 2023 Committed g[ng Jumble sales Gfft aid reclaimed 63,853 147 63,853 147 9.115 14.798 860 23.913 860 Sundry giving 9,115 T9,658 88, 773 Page 10
KIMG'S CHURCH KENDAL IA ¢omparry limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng activltiès In¢om8 from non charitable trading activities Restricted funds 2024 Total funds 2024 Foo<Jbank income 64,768 64.768 Restricted funds 2023 rotsl funds 2023 Foodbank in¢ome 71,431 71,431 Investment income Unr¢stricted funds 2024 Totsl funds 2024 Interest received 478 478 Unrestncted funds 2023 Total funds 2023 Intest received 397 397 Page11
KING'S CHURCH KENDAL (A Company Ilmllod by 9ntre) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of &xp8nditurn by a¢tlvities Activiiies undèrtaken dire¢tly 2024 Support costs 2024 Total funds 2024 Restricted expenditure Unrestricted expendituie 86.336 87,209 4,308 90,644 87.209 173.545 4,308 177.853 ActNitses undertaken directly 2023 Support costs 2023 Total funds 2023 Restricted expendiiure Unrestricted expenditure 97,829 86,392 5,621 103,450 86,392 t84,22t 5,621 189,842 Page 12
KING'S CHURCH KENDAL {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of eXnditre by a¢tivitigs (continued) Analysis of dirnct Costs Totsl funds 2024 Restricted Unrestricted 2024 2024 Staff costs DepciabOn Youth, Children & Student vKJrk Evangelism & Publicrty costs Sundry expenses Accountsncy fees Volunteer expense5 Apolistic expense5 Rent and rates 35.547 1,979 40.403 853 75,950 2,832 532 9,102 10,176 3,589 532 9,102 9.173 3.589 130 1.003 711 6,600 6.910 4,218 1.744 2,900 789 6,600 16.510 4.218 1.744 3,948 995 9,600 Light, heat & power Insurance Repairs & maintenance Telephone & fax Governance - Printing, postage and stsb"onery Kitchen equipment donations Fundraising Govemance- Food Governance- Motoring expenses Profitrloss on disposal of fixed assets 1.048 206 1,413 9.883 1.413 9.883 266 266 27.873 1,998 14,9251 27.873 1.998 14,92SI 86.336 87,209 173,545 Page 13
KING'S CHURCH KENDAL (A company limilod by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activiti•$ l¢onlAnuodl Analysis of direct costs {continuedl Total funds 2023 RestffKted UnStled 2023 2023 Staff costs Depreciation Youth, Childrt & Student work Evangelism & PLtblicty costs Pastoral care & Worship Sundry expenses Accounlan¢y fees Volunteer expenses Apolistic expenses Rent and rates Light. heat & POV*tr Insurance Repairs & maintenance Telephone & tsx Governance- Printsng. postsge and 5tsb"onery Kitchen equipment donatsons Fundraising Govemance- Food Govemance- MotorFng expenses 34,957 1,570 39. 187 1,005 502 4,498 303 74, 144 2.575 502 4,498 303 l. T98 7.077 3,308 200 8,875 3,308 876 676 6.600 5.117 5,402 1,562 10.639 752 6,600 14.717 5,402 1,562 13,956 941 9.6LXI 3.317 189 1,914 9.635 1,914 9,635 240 240 32,624 1.549 32,624 1,549 97,829 86,392 184,221 Analy$15 of 5UPPOrt costs Total funds 2024 Unrestricted 2024 Printing, postsge and stationery Bank charges 2.155 2.153 2,155 2,153 4,308 4,308 Page 14
KING'S CHURCH KENDAL (A company limltod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expènditure by activities {continuedl Analysis of support costs Icontinuedl Totsl funds 2023 Unrestncted 2023 Printing, postsge and stationery Bank charges 2,651 2,970 2,651 2.970 5,621 5,621 Staff costs 2024 2023 Wages an¢J salaries conlribub.on to defined contribulion pension schemes 73.938 2.012 73,021 1, 123 75,950 74, 144 The average number of persons employeil by the Charity during the year wa5 as follov&%.' 2024 No. 2023 No. Average number of employees No employee received remuneration amounting to more than £60.000 in either year. Trustees, remunerntion and èxpenses Ms D Reddin received remunerab.on of £10,900 {2023- £10,394) during the year. During the year eniled 31 Decanber 2024. no Trustee expenses have been incurred (2023- £94). Page15
KING'S CHURCH KENDAL (A ¢ompany Ilmlted by guarnntee) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed assets Freehold Plant and equipfflent Motor vehicles Total Cost or valuation At 1 January 2024 Additions Disposals 33.769 34,157 12.259 13,194 112.2591 80.185 13.194 {12.2591 At 31 December 2024 33,769 34,1S7 13,194 81.120 Depreciation Al 1 January 2024 Charge for the year On disposals 28.512 853 5.984 1.979 {5.9841 34,496 2.832 15,9841 At 31 December 2024 29,365 1,979 31.344 Net book value At 31 December 2024 33,769 4,792 11,21S 49.776 At 31 Decemb&r2023 33, 769 5,645 6,275 45,689 10. Stocks 2024 2023 Stock 298 11. Debtors 2024 2023 Due after more than onè yoar Trade debtors 1.680 1, 710 1.680 1, 710 Due within one year Gift aid debtor 13,632 15,891 15.312 17.601 Page 16
KING'S CHURCH KENDAL IA Company limit8d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Creditors: Amounts falling due ¥Athin one year 2024 2023 Other taxation and social secunty Pension fund loan payable Other credrtors 764 671 333 134 195 795 Accruals and deferred income 3,750 3,444 5,042 4,444 13. Statement of funds Statemerrt of funds- current year Balan¢e al 31 December 2024 Bal•n¢e at 1 January 2024 Income ExpendituY& Unrestricted funds General Funds- all fLEnds 91,216 81.743 191,5171 81,442 Restricted funds Foodbank fund 116.008 73,612 186,3361 103.284 Total of funds 207,224 155,355 1177,8531 184,726 Page 17
KING'S CHURCH KENDAL IA company limited ty guar•nts•) NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Ststement of funds (continued) Statsment of funds- prior year Balan al 31 December 2023 Balance at l January 2023 Tt3nslers in/out Income Expendftu Unrestrictsd funds General Funds- all ftJnd$ 98.460 80.056 (92,Q14) 4, 714 91,216 Rè$trl¢tsd funds Foodbank fund 136,888 1.117 80,546 {97.829J (3,597) (1,117) 116.008 Pastoral care 138,GQ5 80,546 (97.829) (4. 714J 116,008 Totsl of funds 236.465 160,602 (189.843J 207,224 Foodbank Fund- Funds relating lo expenses for the running of the foodbank. Pastoral Care- Funds to bles5 those %Uld benefft frorn Some sUPPOrt, help or encouragement. 14. Summary offunds Summary of funds - curvent year Balance at 31 December 2024 Balance at 1 January 2024 Income ExndItUr• General funds Re5tn"cted funds 91.216 116,008 81.743 73,612 191.5171 186.3361 81.442 103.284 207.224 155,355 {177.8531 184,726 Page 18
KING'S CHURCH KENOAL IA company Ilmlt¢d by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Summary of funds Icontinuedl Summary of funds - prior year Balance &1 31 December 2023 Balance al l January 2023 Transfers ul Income Expendfture General funds 98.460 138,LX15 80.056 80.546 (92.014) (97,829) 4,714 (4, 714) 91,216 116,008 Restricted funds 236.465 160,602 (189,843J 207,224 15. Analysis of net assets between funds Analysis of net assets betfften fvnds- currnnt period Restri¢tsd Unrnstricted ftinds funds 2024 2024 Total funds 2024 Tangible fixed assets Debtors due after more than one year Current assets Creditors due wthin one year 11.215 38.561 1,680 46,243 15.0421 49.776 1.680 138.312 {5.0421 92,069 Total 103.284 81,442 184.726 Analy$i$ of nèt assets between funds- prior period Restted unStited funds funds 2023 2023 Total runds 2023 Tangible fixed assets Debtors due after more than one year Currelll assets Creditors due wthin one year 6.275 39,414 1, 710 54,536 (4,444) 45.689 1,710 764,269 (4,444J 109,733 Total 116,008 91,216 207,224 Page 19
KING'S CHURCH KENDAL (A company limitod by guarant•e NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Pèn$lon Commitments The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the gfOVP in an independenuy administered fund. The pension c05t charge represents contributions payable by the group to the fund and amounted to £2,01212023 - £1.1231 were payable to the fund at the balance sheet dale and are included in creditors. 17. Related party transactions The Charity has not entered into any related party transa¢b"on during the year. nor are there any outstanding balances On9 belen related parts.es and the Charity * 31 De¢ember 2024. Page 20