Annual Report and Financial Statements for the Year Ended 31 August 2024
Kingdom Faith Yorkshire Trust
Charity registration number: 1131253
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
KINGDOM FAITH YORKSHIRE TRUST
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12 to 20 |
KINGDOM FAITH YORKSHIRE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Paul Abell Jonathan Croft Stacey Begin Oyinloye Gbemisola
Charity Registration 1131253 Number Principal Office The Summit St Nicholas Street Scarborough YO11 2HF Independent Examiner G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers HSBC 12 Market Place Driffield East Yorkshire YO25 6AQ
Page 1
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2024.
Objectives and activities
Objects and aims
The charity has three main objectives:
-
To advance the Christian faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.
-
To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.
-
To advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Review of activities
The leadership structure has remained consistent through the past year.
Trustees: The Trustees are Paul Abell, Jonathan Croft, Stacey Begin and Oyinloye Gbemisola (Known as Eliana King).
Senior Leadership Team (SLT): This team is Brian Ward, Shona Ward, Paul Abell and Michelle Grant. Paul is the Senior Leader/Pastor. Michelle is Church Pastor. Brian and Shona are Senior Leaders on the Senior Leadership Team and having leadership responsibilities. The SLT exists to provide example, discipleship and mentoring, with a desire to raise a new generation of Leaders. Their church role can also be described as ‘Elders’. Brian has now retired from work and is enthusiastically embrace volunteering in local activities. He is awaiting final clearance to take up the position of Police Chaplain in Scarborough.
Church Leadership Team (CLT): This team is Paul Abell, Jon & Stacey Begin, Alex Brien, Dan & Gem Abell and Michelle Grant. Paul leads this team. This team is responsible for day-to-day planning and running, and practically taking work forward. They meet every two weeks, considering the weekly and daily practicalities of the church/charity, including for events. Over time the CLT is doing more of what previously would have been done by the SLT. Paul and Michelle are part of this team for practical day-to-day working. The remaining five members of the team can also be described as deacons.
Page 2
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT (CONTINUED)
Staff Team (ST): Here this refers to staff are paid to work by the Trust. We also have excellent volunteer staff as well! Our paid staff are Paul Abell, Kate Abell, Hannah Barron, Alex Brien, Michelle Grant. New staff are Kiri Sayo and Juliette Korner who have joined the part-time Hub team.
Sunday Mornings and Church Life
Sunday mornings at the Summit follow this format:
10.00 Café Church - It is a time to gather around the Café tables, spread throughout the main hall, meet people, chat and pray. We began serving food in Café church in July 2024, which over time has become more and more popular.
At 11.00 we go live for the rest of the morning on our YouTube channel.
11.00-11.15 Family Church – This is a family session for 15 minutes that is aimed at the whole family. This could be worship, drama, games, a message etc. Gemma Abell coordinates this time, but different people lead it. At 11.15 there are notices, the offering and a short break. Family Church has worked very well in enabling the children to be and feel part of the church – rather than waiting for their own meetings
11.20 The Gathering – at this point the children (J24/:7, ages 3-11) leave for their own group. Monthly, older children (Ignite, age 11/12+) have a separate group led by Sus Jones. The Gathering is normally worship and word, with ministry. The proportions of each varies. We aim to finish between 12.30 and 12.45, but J24/:7 finishes at 12.30, the children return to the main hall which encourages the wrapping up!
We celebrated five baptisms, a wedding and a dedication during August 2024.
Two Men’s Prayer Breakfasts have been held and more are expected.
House Church
House churches are part of the growth and development of the church going forward. We hope to see these flourish as missional groups and become increasingly valuable and essential in seeing people grow in discipleship and friendship. House Church get togethers are a great way for new people to become involved and feel part of something. For prayer, we want there to be an emphasis on prayer taking place in smaller groups, including House Churches. Ron & Debra Hick are reaching out locally in Hunmanby, getting to know local people to grow a new local group. Donna Wadsworth and Steve Woollacott are leading a second group in Hunmanby. The other House Churches are David & Joanne Baker, Davis & Eliana King, Jonathan & Stacey Begin
Conferences
Deeper 2023 gathered the people together for an important community time – god for faith development and mental health.
THIS24 was a spiritually significant time with visitors also attending from around the nations.
Page 3
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT (CONTINUED)
We hosted East Coast Prayer, which has become known as Join the Dots June 2023, the next was at Christchurch in Bridlington, with the most recent at the Summit on 10 February 2024. This gathered many people together from across the churches and there was a significance presence of the Lord experienced. Meetings followed in Beverly and then another in Hunmanby. The Leaders’ meetings have continued at the Summit monthly.
Community Partnership
We have continued to be in connection with our local partners. We work in partnership with Safer Communities, North Yorkshire Council, Churches Together in Scarborough, the YMCA, the Rainbow Centre, and the North Yorkshire Police, including the Police and Crime Commissioner.
Springtide is the resurgence of meetings to bring local churches together. This was held at the Scarborough Christian Centre. A prayer meeting held at the Summit on a Sunday evening in the run up to Springtide brought many local Christians to a meeting led by our worship team that drew many into a fresh experience of the Lord. Springtide have asked if we could consider hosting Springtide at the Summit in 2025.
Local groups who have used or are currently using the Summit:
Mencap
Young Carers (Carers Plus) Young Adult Carers (Carers Plus) Adult Carers (Carers Plus) Beyond Housing Knit and Natter English Conversational Group (Refugees)
Local Music – Monthly Lunch Concerts with Victoria Wright and Mark Gordon Dementia Forward
Two Ridings Community Foundation Local Child Carers Join the Dots Prayer Group
Our own local community groups (some of these are majority non-church members) Little Builders Youth Angels Creche Community Angels The Hub Community Café Cavern Club Street Angels Way Of the Spirit & Bible Study
Page 4
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT (CONTINUED)
Various Prayer Groups
Meeples Board Games Sunday Morning Church Encounter (Thursday Nights, once a month) Worship Team Meetings Wednesday Coffee Morning Other team meetings
Christmas
Christmas 2023 saw a particularly well-attended Nativity service and a Christingle service, both on Sunday mornings. Many local people of Scarborough come to these events and look forward to them. We saw the return of a Saturday evening event with a joint event organized by Davis & Eliana King – an evening of brilliant music.
Online Activity and Printed Materials
The Prayer Room has a very active WhatsApp group with Brian and Shona Ward taking the lead. Our YouTube page continues to host the Sunday mornings, with Brian and Shona as online pastors. Other videos (not live) are also added from time to time. Some of The Way of the Spirit Studies and other Bible studies happen online as well as face to face. The online information is now up to date and all the printed materials available in the Summit are fully updated.
Support Groups
Community Support groups are operating at the Summit. This is Youth Angels and Community Angels who organise groups at the Summit. Little Builders meets Tuesday mornings. (We have several community groups also using the building, such as Young Carers and Adult Carers. Cavern Club is fully running once more.
The Hub, Community Angels & Pastoral Care
There has been a lot of overlap in these activities and keeping in contact with CA people has been overseen by our Church Pastor Michelle Grant. Community Angels no longer has any funding, but Michelle has continued to keep the ministry running as possible. The Summit itself has become closely involved with CA work, with more people meeting up at the building and using the Hub. The Hub Café is a vital part of CA, with many local people feeling supported at the Summit. The Creche is popular with young parents and the building itself is a useful Warm Space for the local community. Costs continue to grow of course, but the menus continue to be revised and changed with great success. The introduction of the Sum Up POS has been very successful.
The Hub has developed considerably and much credit is due to Michelle Grant leading this, along with the excellent staff. Hannah Barron leads confidently. Kiri and Juliette have brought new and refreshing ideas to the team.
Page 5
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT (CONTINUED)
Street Angels and Safe Haven
Street Angels are back on the streets, but the team is small compared to the past. Currently the Safe Haven is run by the Street Angels and is available Saturday night. As needed Currently we do not have the (paid) staff to run the Safe Haven. Funding for this initiative comes from the North Yorkshire Police and Fire Commissioner. Alex Brien is the Street Angels Coordinator but has had limited availability recently. Without new volunteers this initiative will come to an end. We are trying to recruit new people.
Youth Angels
Youth Angels has endured a period of no external funding, apart from a relatively small, designated gift. It meets on Friday evenings – but it has a strong focus on young people with special needs – especially with fear and anxiety. This is not inclusive to these people open, but this has been determined by the young people themselves. It has been their choice. However, Kay Wilkinson, the YAC, moved to Cornwall in August 2024 and so without funding this phase of Youth Angels will not be able to continue in this way in the following year.
BA (Hons) Theology and Mission
Our partnership with ForMission College for this degree course, validated by Newman University continues. Currently we have one second year student, based in Scarborough for his work-based learning. Therefore, to enable the student to have contact with other students we are working with the ForMission Online Campus. We have generated new interest through Springtide, but we continue to pray for students!
The Summit
The Summit offerings have been detailed in the finance report
Finance
John Smith competently and voluntarily handles the Charity Finances. John oversaw the introduction of ‘Tap & Give’, which has proved very useful. Over the year Heather Barker stepped back from supporting Finance and Kate Abell now supports this work.
Staff Training
Food & Hygiene: Hub staff.
First Aid: Renewing and updating as needed – Alex reinstating Training Matrix.
Kay Wilkinson: Completed Stage 3 Youth Work & Leadership
Paul Abell: Peer evaluation with ForMission
Paul & Kate Abell: Leadership Conference, Convergence with Legacy Ministries International, Leicester.
Page 6
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT (CONTINUED)
Financial review
There are a number of principal sources of church funding:
a) Church and conference offerings. These are freewill offerings given by members of the church and the general public.
b) The chargeable use of the Summit for conferences, events, outside groups and the Hub, the church coffee lounge.
c) Grant income. This enables the operation of community-based projects such as Street Angels with Safe Haven and Community Angels. It should be noted that grant income is often received as a large lump sum and may not all be expended in the year of receipt.
The financial year showed an income of £162,713 (2023: £251,846), a increase of 36% over the previous year. The overall expenditure was £207,660 (2023: £206,112), an increase of 1% over the previous year. The deficit was added to funds brought forward, with total funds being £28,552.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Structure, governance and management
Nature of governing document
The charity was registered as a charitable trust with the Charity Commission on 20 August 2009 having been established by Trust Deed on 8 August 2009.
Recruitment and appointment of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Induction and training of trustees
The conditions for trustee appointments onto the trust are clearly laid out in within the Charitable Trust Deed of Kingdom Faith Yorkshire Trust.
Organisational structure
Responsibility for the day to day management of the charity rests with the spiritual leadership, who delegate individual responsibility to departmental directors. The spiritual leadership works in conjunction with the trustees, who hold three to four trustee meetings per year to review the operation of the charity and to make higher level operational and policy decisions.
Page 7
KINGDOM FAITH YORKSHIRE TRUST
TRUSTEES' REPORT (CONTINUED)
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 that systems and procedures are in place to mitigate exposure to the major risks.
Statement of Responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial 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 of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
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 keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees 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 irregularities.
The annual report was approved by the Trustees of the charity on 26 June 2025 and signed on its behalf by:
......................................... ......................................... Paul Abell Stacey Begin Trustee Trustee
Page 8
KINGDOM FAITH YORKSHIRE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGDOM FAITH YORKSHIRE TRUST
I report to the Trustees on my examination of the accounts of Kingdom Faith Yorkshire Trust for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity Trustees of Kingdom Faith Yorkshire Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Kingdom Faith Yorkshire Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Kingdom Faith Yorkshire Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
26 June 2025
Page 9
KINGDOM FAITH YORKSHIRE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 105,172 Charitable activities 3 46,148 Other trading activities 4 2,795 Investment income 5 517 Total income 154,632 Expenditure on: Charitable activities 6 196,939 Total expenditure 196,939 Net (expenditure)/income (42,307) Net movement in funds (42,307) Reconciliation of funds Total funds brought forward (56,623) Total funds carried forward 14 (98,930) |
Restricted funds £ 7,541 - - - 7,541 10,721 10,721 (3,180) (3,180) 130,662 127,482 |
Total 2024 £ 112,713 46,148 2,795 517 162,173 207,660 207,660 (45,487) (45,487) 74,039 28,552 |
Total 2023 £ 206,828 41,710 2,874 434 |
|---|---|---|---|
| 251,846 | |||
| 206,112 | |||
| 206,112 | |||
| 45,734 | |||
| 45,734 28,305 |
|||
| 74,039 |
The notes on pages 12 to 20 form an integral part of these financial statements. Page 10
KINGDOM FAITH YORKSHIRE TRUST
BALANCE SHEET AS AT 31 AUGUST 2024
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 14 |
2024 £ - - 10,493 22,649 33,142 (4,590) 28,552 28,552 127,482 (98,930) 28,552 |
2023 £ 1,156 |
|---|---|---|
| 1,156 | ||
| 6,259 71,644 |
||
| 77,903 (5,020) |
||
| 72,883 | ||
| 74,039 | ||
| 130,662 (56,623) |
||
| 74,039 |
The financial statements on pages 10 to 20 were approved by the Trustees, and authorised for issue on 26 June 2025 and signed on their behalf by:
......................................... Paul Abell Trustee
......................................... Stacey Begin Trustee
The notes on pages 12 to 20 form an integral part of these financial statements. Page 11
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
Statement of compliance
The financial statements have been 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Kingdom Faith Yorkshire Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 12
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| L/Term Leasehold Property | over the term of the lease, 10 years |
| Plant & machinery | 25% straight line |
| Fixtures & fittings | 10% straight line |
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 13
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 14
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
2 Income from donations and legacies
| Unrestricted funds General £ Donations and legacies; Donations 89,266 Gift aid reclaimed 15,906 Grants, including capital grants; Grants - 105,172 3 Income from charitable activities Unrestricted funds General £ Conferences 2,877 Hub coffee lounge 43,271 46,148 4 Income from other trading activities Unrestricted funds General £ Property rental income 2,795 2,795 5 Investment income Unrestricted funds General £ Interest receivable and similar income; Interest receivable on bank deposits 517 Page |
Restricted funds £ 6,541 - 1,000 7,541 Restricted funds £ - - - Restricted funds £ - - Restricted funds £ - 15 |
Total 2024 £ 95,807 15,906 1,000 112,713 Total 2024 £ 2,877 43,271 46,148 Total funds £ 2,795 2,795 Total 2024 £ 517 |
Total 2023 £ 140,999 15,872 49,957 |
|---|---|---|---|
| 206,828 | |||
| Total 2023 £ 3,766 37,944 |
|||
| 41,710 | |||
| Total 2023 £ 2,874 |
|||
| 2,874 | |||
| Total 2023 £ 434 |
|||
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
6 Expenditure on charitable activities
| Unrestricted funds Note General £ Ministry costs 2,663 Outreach and mission costs 122 Conference costs 2,725 Rent 23,333 Donations 7,885 Materials and subscriptions 48 Coffee lounge cost of sales 16,767 Communication 5,289 Equipment - Postage, print and stationery 1,046 Utilities 8,768 Insurance 4,733 Other premises costs 1,641 Repairs and maintenance 4,558 Travel and subsistence 81 Training 138 Bank and finance charges 1,567 Miscellaneous expenses 1,868 Independent examination 1,170 Depreciation 1,156 Staff costs 8 111,381 196,939 |
Restricted funds £ 1,663 614 - - - - - - - - - - - 541 - - - - - - 7,903 10,721 |
Total 2024 £ 4,326 736 2,725 23,333 7,885 48 16,767 5,289 - 1,046 8,768 4,733 1,641 5,099 81 138 1,567 1,868 1,170 1,156 119,284 207,660 |
Total 2023 £ 5,294 7,194 4,160 14,500 10,254 48 17,447 4,920 270 375 8,591 9,609 1,554 7,020 - - 1,493 966 1,140 1,666 109,611 |
|---|---|---|---|
| 206,112 |
7 Trustees remuneration and related party transactions
The pastor, Mr Paul Abell, a trustee, and his wife are employees of the charity as permitted by clause 8 of the Trust Deed. Their gross income for the year amounted to - £44,576 (2023 £40,523).
During the year, Mr Paul Abell and his wife received benefits by way of pension contributions amounting to £2,026 (2023 - £3,125).
The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.
Page 16
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2024 £ 113,827 1,204 4,253 119,284 |
2023 £ 106,147 373 3,091 |
|---|---|---|
| 109,611 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Employees | 2024 No 9 |
2023 No 9 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year
9 Tangible fixed assets
| Cost At 1 September 2023 At 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 |
L/Term Leasehold Property £ 39,620 39,620 39,620 - 39,620 - - |
Furniture and equipment £ 109,941 109,941 108,785 1,156 109,941 - 1,156 |
Total £ 149,561 |
|---|---|---|---|
| 149,561 | |||
| 148,405 1,156 |
|||
| 149,561 | |||
| - | |||
| 1,156 |
Page 17
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
10 Debtors
| Prepayments Accrued income Other debtors 11 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals |
2024 £ 1,804 8,689 - 10,493 2024 £ 1,700 566 2,324 4,590 |
2023 £ 1,761 3,528 970 |
|---|---|---|
| 6,259 | ||
| 2023 £ - 2,653 2,367 |
||
| 5,020 |
12 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Land and buildings Within one year Between one and five years |
2024 £ 24,000 63,500 87,500 |
2023 £ 24,000 87,500 |
|---|---|---|
| 111,500 |
13 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to - £4,253 (2023 £3,091).
Page 18
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
14 Funds
| 14 Funds | ||||
|---|---|---|---|---|
| Unrestricted funds General General Funds Restricted funds Street Angels Cavern Club Summit fund Total funds Unrestricted funds General General Funds Restricted funds Street Angels Cavern Club Summit fund Total funds |
Balance at 1 September 2023 £ (56,623) 125,215 4,308 1,139 130,662 74,039 Balance at 1 September 2022 £ (82,525) 107,434 3,396 - 110,830 28,305 |
Incoming resources £ 154,632 7,026 515 - 7,541 162,173 Incoming resources £ 197,950 51,623 1,020 1,253 53,896 251,846 |
Resources expended £ (196,939) (9,665) (970) (86) (10,721) (207,660) Resources expended £ (172,048) (33,842) (108) (114) (34,064) (206,112) |
Balance at 31 August 2024 £ (98,930) 122,576 3,853 1,053 |
| 127,482 | ||||
| 28,552 | ||||
| Balance at 31 August 2023 £ (56,623) 125,215 4,308 1,139 |
||||
| 130,662 | ||||
| 74,039 |
Page 19
KINGDOM FAITH YORKSHIRE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)
15 Analysis of net assets between funds
| Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ (94,340) (4,590) (98,930) Unrestricted funds General £ 1,156 (52,759) (5,020) (56,623) |
Restricted funds £ 127,482 - 127,482 Restricted funds £ - 130,662 - 130,662 |
Total funds at 31 August 2024 £ 33,142 (4,590) |
|---|---|---|---|
| 28,552 | |||
| Total funds at 31 August 2023 £ 1,156 77,903 (5,020) |
|||
| 74,039 |
Page 20