King's Gate Christian Fellowship
(A company limited by guarantee)
Registered Company number: 6907625 Registered Charity number: 1130035
Trustees Report and Financial Statements for the year ended 31st May 2022
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Report and Accounts for the year ended 31st May 2022
| Contents | Page |
|---|---|
| Legal and administrative | 3 |
| Trustees Report | 46 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 1013 |
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship
Report and Accounts for the year ended 31st May 2022
Legal and Administrative
Trustees
Mr Peter Hills Resigned 1st June 2022 Mr Russell Garner Miss Dina Attieh Ms Lydia Easton Appointed 15th August 2021 Mr Jamie Rowson Appointed 12th May 2022
Accountants
MSK Solutions Limited 2 Jasmine Close Redhill Surrey RH1 5LH
Bankers
HSBC Northamptonshire Commercial Centre St Clair House 5 Old Bedford Road Northampton NN4 7AA
Registered Office
2 Jasmine Close Redhill Surrey RH1 5LH
Legal Status
King's Gate Christian Fellowship is a company limited by guarantee incorporated on 16th May 2009, registration number 6907625. Registered with the Charity Commission, registration number 1130035
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship
Report and Accounts for the year ended 31st May 2022
Trustees Report
The Trustees present their annual report and independently examined financial statements for the year ended 31st May 2022.
Structure, Governance and Management
King's Gate Christian Fellowship is a company limited by guarantee (company number 6907625). It is also a registered charity (Charity number 1130035). Both registrations are in England and Wales.
The company has dual status and the same people serve as its company directors and charity Trustees. A list of those serving during the year (including any who may have resigned and/or retired) is given on page 3. In this document the term "Trustee" is used but this should also be taken to mean "Director".
Trustees meetings are held face to face at least four times per annum. The day to day "spiritual" leadership and guidance of the Charity is delegated to the "ministry leadership" group.
Public Benefit
The Trustees have complied with the duty set out in section 17 of the Charities Act 2011 to have due regard to public benefit guidance by the commission. All Trustees give their time voluntarily and receive no benefit from the charity. Details of any reimbursement of expenses made by the Charity to the Trustees are set out in note 9. to the accounts.
Objectives, Activities and Future Developments
The objects of King's Gate Christian Fellowship are defined in its Articles of Association as follows:
"to advance the Christian faith in accordance with the statement of beliefs in London and such other parts of the United Kingdom or the World as the Trustees may from time to time see fit"
"to fulfill such other purposes which are exclusively charitable"
"to relieve sickness and financial hardship and preserve good health"
The main ways in which King's Gate Christian fellowship accomplishes its objectives are:
"through adult ministry (this includes prayer, teaching, preaching, counselling and evangelism)."
"through assistance to the needy and the sick"
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship
Report and Accounts
for the year ended 31st May 2022
Trustees Report (continued)
Prayer, teaching and evangelism
King's Gate Christian Fellowship continues to focus on the needs of its congregation in London. With the help and support of members of the congregation and leadership team the charity continues to run Sunday worship services and regular teaching. These events are all open to the Public and the members are encouraged to invite their friends, neighbours and family members.
Assisting the needy and the sick
As in previous years the charity has donated to other charities and to members in the congregation needing benevolent help.
Achievements in the year
During the year the charity contined with its community outreach with meetings and house groups. All these activities were open to the Public.
Financial Review
Trustees continue to review the Charity's financial position. All donations and funds are unrestricted. Most donations are received from congregation members by standing order. The Trustees do not believe the Charity is involved in risky activity. All necessary employers and public liability insurances are held and under constant review. The Charity continues to be in good financial health with accumulated funds of £103,998 at 31st May 2022 (£101,075 at 31st May 2021).
Future Plans
The Trustees continue to support the vision of the leadership group who continue to grow the Charity. Due to the ongoing impact of Covid 19, future activities continue be monitored and reviewed on an ongoing basis.
Conclusion
This report has demonstrated that King's Gate Christian Fellowship is accomplishing its objectives which are to spread the message and teachings of Jesus Christ and to help those affected by poverty and sickness. In so doing, it continues to bring benefits to wider society and the community.
The Charity is in a sound financial position and is well placed to build on its work in 2022 and 2023.
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Report and Accounts for the year ended 31st May 2022
Trustees Report (continued)
Statement of Trustees Responsibilities
Company Law requires the Charity Trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources at the end of the financial year. In doing so, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently,
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observe the methods and principles in the Charities SORP,
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make judgements and estimates that are reasonable and prudent,
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial affairs of the Charity and enables them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other activities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website where applicable. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees and signed on their behalf on 20th February 2023
Russell Garner Trustee
Lydia Easton Trustee
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
Independent Examiners Report
Independent Examiner's Report to the Trustees of King's Gate Christian Fellowship.
I report on the accounts for the year ended 31st May 2022 which are set out in "The Trustees Annual report" for the year ended 31st May 2022.
Respective Responsiblities of the Trustees and the Independent Examiner
The Trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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follow the procedures laid down in the General Directions given by the Charity Commissioners section
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145(5)(b) of the 2011 Act, and;
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state whether particular matters have come to my attention.
Basis of Independent Examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's statement
In connection with my examination, no matters have come to my attention that give me reasonable cause to believe that:
in any material respect the requirement to keep accounting records in accordance with s130 of the 2011 Act, or to prepare accounts which accord with these accounting records and comply with the accounting requirement of the 2011 Act have not been met, or
to which, in my opinion, attention should be drawn in order for an understanding of the accounts to be reached.
Signed examiner Cliff Mills FCA
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Statement of Financial Activities for the year ended 31st May 2022
| Notes Income from: 2 Donations Gift Aid prior year adjustment Expenditure on: 3 Prayer, Preaching & Teaching Assisiting the needy and sick Surplus for the year Balances brought forward Balances carried forward |
2022 2022 £ £ 36,761 0 36,761 27,838 6,000 33,838 2,923 101,075 103,998 |
2021 £ 35,899 14,428 |
2021 £ 21,471 15,340 |
|---|---|---|---|
| 27,838 6,000 |
13,840 1,500 |
||
| 6,131 94,944 |
|||
| 101,075 |
There were no recognised gains and losses for the year other than those included in the Statement of Financial Activities. All activities of the Charity were derived from continuing operations.
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Balance Sheet for the year ended 31st May 2022
| Notes Current Assets Debtors 5 Cash at bank and in hand Creditors: amounts due within one year 6 NET ASSETS RESERVES Brought forward 7 Current year surplus 7 RESERVES carried forward |
2022 £ 3,914 100,984 |
2022 2021 £ £ 15,637 86,938 104,898 900 103,998 101,075 2,923 103,998 |
2021 £ 102,575 1,500 |
|---|---|---|---|
| 101,075 | |||
| 94,944 6,131 |
|||
| 101,075 |
For the year ended 31st May 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
The Directors acknowledge their reponsibilities for complying with the requirements of the Companies Act with respect to accounting records and preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to the small companies regime and in accordance with FRS102 SORP.
Approved by the Trustees and signed on their behalf on:
Russell Garner Trustee
Lydia Easton Trustee
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Notes to the Financial Statements for the year ended 31st May 2022
1 ACCOUNTING POLICIES
The principal accounting policies adopted by the Trustees in the preparation of the financial statements are set out below. The accounting policies have been applied consistently throughout the year and in the preceding year.
a) Basis of accounting
The financial statements are prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 (as amended by the Charities Act 2022). They are drawn up on the historical cost accounting basis. The Charity meets the definition of a public benefit entity under FRS 102.
The financial statements have been prepared on a going concern basis.
b) Income
All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt and the amount can be quantified with reasonable accuracy. Where a claim for repayment of income tax has or will be made, such income is grossed up for the tax recoverable.
The following specific policies are applied to categories of income:
Donations
Voluntary income is received by way of donations and is included in full in the Statement of Financial Activities when receivable. Donations to which the Charity is entitled but which have not been received by the year end are included in income in the Statement of Financial Activities and shown as debtors in the balance sheet.
Tax reclaimed on monies donated under the Gift Aid scheme
Income under this category is recognised in the financial statements on the date that the underlying donation is received by the Charity, where the tax reclaim is made within three months of the end of the financial year.
c) Expenditure
Expenditure is recognised on an accrual basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on charitable activities comprise those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Notes to the Financial Statements for the year ended 31st May 2022
All costs are allocated between expenditure categories of the Statement of Financial Activities on a consistent basis with the use of resources. Costs related to an activity are allocated directly, others are apportioned on an appropriate basis.
a) Volunteers The value of service provided by volunteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the Trustees Report.
b) Fund Accounting
The Charity maintains the following type of fund:
Unrestricted Fund
This represents unrestricted income which is expendable at the discretion of the Trustees in furtherance of the objectives of the Charity. Such funds may be held to finance both working capital and capital investment. The Charity has at the moment no designated funds.
c) Tangible Fixed Assets
Expenditure is recognised on an accrual basis when a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on charitable activities comprise those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
d) VAT The Charity is exempt from VAT under HMRC registration as its activities are exempt activities.
e) Charitable Commitments Charitable commitments which are legally binding on the Trustees are accounted for as expenditure in the Statement of Financial Activities. Where the promise of financial support is not binding on the Trustees, such intentions are accounted for by a transfer to a designated reserve. Activities that are to be wholly financed from future income do not form part of such designation and are disclosed in a note to the accounts.
2 DONATIONS
Donations represent restricted and unrestricted income donated by members of the church and visitors at Sunday meetings of the Charity and by standing order.
| Donations Adjustment overstated Gift Aid in previous years |
2022 2021 £ £ 36,761 35,899 0 (14,428) |
|---|---|
| 36,761 21,471 |
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Notes to the Financial Statements for the year ended 31st May 2022
3 EXPENDITURE ON CHARITABLE ACTIVITIES
| Preaching, teaching & counselling Donations to other charities |
2022 2021 £ £ 27,838 13,840 6,000 1,500 |
|---|---|
| 33,838 15,340 |
4 INFORMATION REGARDING EMPLOYEES
| Gross wages Employer's National Insurance Selfemployed administrator |
2022 2021 £ £ NIL NIL NIL NIL 2,484 3,794 |
|---|---|
| 2,484 3,794 |
No members of staff earned more than £60,000 during the year to 31st May 2022 or in the previous year.
Trustees remuneration
No Trustee or person related to or connected by business to them has received any remuneration from the Charity during the year for carrying out their duties as Trustees other than reimbursement of expenses as disclosed in note 9.
5 DEBTORS
| Gift Aid Recoverable Other debtors |
2022 2021 £ £ 3,566 15,637 348 0 |
|---|---|
| 3,914 15,637 |
6 CREDITORS: amounts falling due within one year
| Other creditors and accruals | 2022 2021 £ £ 900 1,500 |
|---|---|
| 900 1,500 |
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
King's Gate Christian Fellowship Notes to the Financial Statements for the year ended 31st May 2022
7 GENERAL FUND
| FUND | |
|---|---|
| Current year surplus balance from previous years Balance carried forward |
2022 2021 £ £ 2,923 6,131 101,075 94,944 |
| 103,998 101,075 |
8 TAXATION
The Charity's activities are exempt from taxation under Section 505 of the Income and Corporation Taxes Act 1998.
9 REIMBURSEMENT OF TRUSTEES EXPENSES
| The total number of Trustees who received reimbursement Total amount paid to Trustees for reimbursement of expenses in the year. |
2022 2021 £ £ 3,392 1,784 |
|---|---|
| no. no. 2 2 |
10 LIMITED BY GUARANTEE
The Charity is incorporated as a company limited by guarantee having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute a sum of £1 in the event of the Company being wound up. At 31st May 2022 there were 5 members.
Doc ID: 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac
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KGCFaccounts2022-Final signed Title KGCFaccounts2022-Final.pdf File name Document ID 38ea14a008b83f2fd4a596bc4a96ecdf792a09ac Audit trail date format DD / MM / YYYY Status Signed
20 / 02 / 2023 Sent for signature to Russell Garner 15:48:04 UTC (mail@russellgarner.com), Lydia Easton (lydzeaston@yahoo.com) and Clifford J Mills (millsmckinley@outlook.com) from sandra@msksolutions.co.uk IP: 82.14.94.239 20 / 02 / 2023 Viewed by Russell Garner (mail@russellgarner.com) 22:37:38 UTC IP: 216.189.175.245 20 / 02 / 2023 Signed by Russell Garner (mail@russellgarner.com) 22:37:54 UTC IP: 216.189.175.245 21 / 02 / 2023 Viewed by Lydia Easton (lydzeaston@yahoo.com) 06:04:43 UTC IP: 2.221.104.110 21 / 02 / 2023 Signed by Lydia Easton (lydzeaston@yahoo.com) 09:09:06 UTC IP: 82.132.237.8
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21 / 02 / 2023 Viewed by Clifford J Mills (millsmckinley@outlook.com) 09:21:47 UTC IP: 86.176.219.115 21 / 02 / 2023 Signed by Clifford J Mills (millsmckinley@outlook.com) 09:30:02 UTC IP: 86.176.219.115 21 / 02 / 2023 The document has been completed. 09:30:02 UTC
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