Registered Charity number: 1135272
KENSINGTON BAPTIST CHURCH
Trustees, Report and
Accounts
for the year ended 31 March 2024

KENSINGTON BAPTIST CHURCH
CONTENTS
Page
Reference a nd Administrative Details of the Charlty. its Trustees and Advisers
Trustees, Annual Report
Independent Examiner's Report
statement of Financial Activities
io
Balance Sheet
li
Statement of Cash Flows
12
Notes to the Accounts
13-22

Trustee
FIEC Ltd
Managing Trustees
Elders:
A Oldfield
P Dyer
S Heap
J Morrison
F Ogunniyi
S Price
A Thomas
S Woods
Deacons:
A Andrew
G Andrews
P Dodson
J Elms
J Karanja
J Hampson
P Hodges
A Howlett
Charity registered number
1135272
Registered office
Kensington Baptist Church
208 Stapleton Road
Easton
Bristol
BS5 ONX
Independent examlner
Roberta Sunderland ACMA
50 Guest Avenue
Bristol
BS15 7GA
Bankers
HSBC Bank plc
62 George White Street
Bristol
BS13BA

KENSINGTON BAPTIST CHURCH
TRUSTEES, ANNUAL REPORT
For the year ended 31 Morch 2024
The Trustees present their annual report together with the independently examined accounts of Kensington
Baptist Church I the Charity") for the year ended 31 March 2023. The Trustees confirm that the annual
report and accounts of the Charity comply with the current statutory requirements, the requirements of the
Charity's governing document and 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 U K and Republic of Ireland IFRS 1021 (effective l January 2015).
Purpose. objectives and artivities
Kensington Baptist Church was constituted as a trust in 1887. The objective of the church is to worship and
glorify God, and to make Jesus Christ known by preaching, teaching and reaching, and through sha ring and
caring.
In Setting objectives and planning activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit and in particular to its supplementary public
benefit guidance on The Advancement of Religion for the Public Benefit.
Achievements and performance
Congregation
A number of newcomers from a range of backgrounds and cultures have been regularly attending KBC over
the past year
We have refreshed our Welcome Teams and received feedback that KBC is a very welcomin8 church.
There have been nine baptisms over the past year
Four Membershlp Information sessions have been held this year providing the opportunity to raise
awareness to newcomers of the purpose and value of formal membership of the Church.
Community Engagement
The Community Café has continued to run each Saturday from 12.1)0-2.00pm welcoming people in from the
local community to share conversation. food and hot drinks. Some of our visitors have returned to join us for
a Sunday morninE service.
We joined with Eastside CommunityTru5t IECTI during the 5ummerfor a community day, holding various
activities both inside and outside the building, encouraging people to join together in building community
cohesion. At the E￿ annual general meeting one of our members was presented with a 'Thank You" award
for setting up the Community Cafe.
Our building has been used by a local health organizotion to run community health events which have proved
to be very popular for raising awareness and providing information about different health topics.

KENSINGTON BAPTIST CHURCH
TRUSTEES, ANNUAL REPORT {continued)
For the year ended 31 March 2024
Achievements and performance (continued)
Community Engagement (contj
Local primary schools have engaged with us again this year, visiting our older people's Day Centre to enjov
food together, hearing some church history and learning what happens in the church on a Sunday. The KBC
Puppet Team also visited these schools to share their Christmas performance with pupils.
Weekly sessions of Rainbow Tots continue for pre-school children. who come to enjoy different activities, a
snack, singing a nd a Bible story.
Helping the disodvantaged
This year the Community Cafe ha5 welcomed many more people experiencing homeles5ne55, mental health
challenges and some who are living with drug and alcohol dependencies than in its first year. This presents US
with cha51enges about how best to support those with such specific issues in the context of the Café and how
to balance this with a welcome for "all"
Our pre-service Sunday morning tea and toast has been enjoyed by some regular attendees of the Saturday
Community Café who would not otherwise have breakfast.
The harvest offerln8 was split this year between the KBC Pastoral Care Fund to support those who are
particularly needy in the church congregation and support for the victims of a recent earthquake.
A supply of clothing; joggers, hoodies, socks, hats etc was purchased to be made available for people
experiencing extreme circumstances, including homelessness. This has proved to be invaluable.
Generous and regular donations for the local Food Bank of non perishable food items have continued over
the year,
FlnancS3l and practical support has continued through our Pastoral Care Team and Fund to those from the
Church and in the community according to need.
Christmas Hamper5 were again distributed to those in particular need. Our Christmas Gift Service saw
numerou5 donations from the congregation to support the work of two local charities and for our Kensington
workers in Weston-super-mare who work with a very needy community.
Church Community
Our regular Su nday lunch event, "Easton Eats" has continued this year over 18 events, serving approximately
170 meals on each occasion. During the summer months this has moved to a shared picnic in a local park
Iwe3ther permittingl. These events provide a real opportunity to spend time together and have been
particularly valuable for those who are new to the church.
A second Festive Food event was held in early December for 40 people, where people shared in an evening
where dishes eaten at Christmas from three different countries, Poland, Egypt and America were
demonstrated and sampled.

KENSINGTON BAPTIST CHURCH
TRUSTEES, ANNUAL REPORT (continued)
For the year ended 31 March 2024
Achievements and performance {continued)
Church Comnpunity {cont)
Members enjoyed a biannual Hospitality Month. held in November 2023 and March 2024. organizing events
and inviting others to attend. In addition to these events and Easton Eats, members were encouraged to host
"hospitality at home" as a further means of getting to know each other better.
Our Youth Group enjoyed a weekend away, as did our older children on a separate occasion, both spending
time learning more about the Bible and its teaching, participating in various activities and having lot5 of fun
with their peers.
Durlng the school summer holiday a weekly opportunity, "Summer Space" was held. This was to provide a
space to the parents of pre-school and primary aged children who mlght stru88le with the long school
holidays, and to adults who would appreciate somewhere to meet others. 32 adults and 35 children
attended.
The August bank holiday weekend saw over a hundred church members and congregation travelling to Wales
for a church holiday to enjoy 3 time of worship, fellowship and fun together.
Changes
The new approach to serving across the different ministries has been implemented so that wherever possible
KBC members and congregation only serve in one ministry on a Sunday with the aim of ensuring that people
aren't overstretched by doing too much.
Two Ministry Apprentices joined us in September for the academic year. Integrated into the staff tea m, their
time at KBC combined theological training with ministry experience and serving opportunities.
A new model for improving and providing pastoral care within the church was brought to members. Pastoral
care was highlighted as a responsibility for everyone; bein8 intentional, and including physical as well as
spiritual needs. A team of six members has been established with the members representing the wider teams
that span the whole KBC family.
Troining
Over the year, four child safeguarding training sessions, for those new to children's and youth work and
those needing an update, were organi5ed with 39 people being trained in this important area.
An invitation only seminar addressing pregnancy1055 was held to help enable individuals and the church to
be equipped and encouraged to bring gospel hope to those who have experienced miscarriage or stillbirth.
21 people attended this informative and helpful event.
During October 2023, the South West Gospel Partnership ISWGPI held a men's convention and in March
2024 the SWGP Women's convention was held with a number from Kensington attending both events.
In November, staff attended the annual Leaders. FIEC conference with plenary talks and main session
seminars covering justice in God. justice in God's people. and justice in God's world.

KENSINGTON BAPTIST CHURCH
TRUSTEES, ANNUAL REPORT (continued)
For the year ended 31 March 2024
Achlevements and performance (continued)
Troining (cont)
Throughout the year KBC has been involved in supporting students who are studying with Crosslands Training
through mentoring and tutoring groups of students. This programme aims to Eive students a good
understanding of key theological concepts along with their pastoral and missional implications. being
equipped to lead other5 in the Christian lrfe.
Financial review
Kensington 8aptlst Church received unrestricted income which amounted to £318,748 for the year ended 31
March 202412022123: £356,559). Restricted income for the year amounted to £63,39412022123 £43,761).
Unrestricted expenditure amounted to £292.026 12022123: £367,822). Restricted expenditure amounted to
£93,44912022123- £146,197). The net movement in funds for the year amounted to an outflow of £3,333
12022123., £113,669 oufflowl.
The operational outturn was a surplus of £44.000 reduced to £39,300 after £4,700 was moved to
Designated Fund for future Maintenance and Equipment costs.The original budget set was a deficit of
£12,500 so the outturn represented a considerable improvement of £51,800.Extremely generou5 giving both
one off and regular ammounted to approximately £44,OCrfJ and reduced costs of over £7,000,mainly energy p
contributed the balance
Reserves pollcy and going concern
Kensington Baptist Church has a reserves policy that specifies that the Charity must maintain minimum
General reserves of £50.CM)O. The general fund cash reserye at 31 March 2024 was £160,000 {2022123.'
£118,200). The Charity's reserves during the fsnancial year were therefore maintained at a level above the
policy's mi nimum requirement.
Plans for the future
Kensington Baptist Church intends to continue to pursue its objective as stated above.
As detailed above reserves are now above the minimum requirement. The budget for 2024-25 wa5 set at a
breakeven. Looking ahead to future years potential deficit budgets are anticipated and clearly the current
strong level of reserves will be used to help fund those def icits.Trustees will be bringing forward proposals on
the potential use of General Reserve5 in due course

KENSINGTON BAPTIST CHURCH
TRUSTEES, ANNUAL REPORT {continued)
For the year ended 31 March 2024
Strutture, governance and management
Constitution
Kensington Baptist Church is a registered charity (No. 1135272). registered in England and Wales. The Charity
is governed by its Church Constitution.
Method of appointment or election of trustees
FIEC Ltd is the sole trustee of Kensington Baptist church. The church's appointed elders and deacons are the
Managing Trustees of the Charity- Managing Trustees are selected based on their membership and position
within the church and are elected by a majority vote of those present at a Members, Meeting.166% for Elders
and 60% Deacons.) Elders are elected for an indefinite period and Deacons for 3 3 year period.
Organisatlonal strurture and decision maklng
The aim is for 6 full Trustee meetings a year where the magority of decisions are made in regard to running
the charity.ln addition Elders and Deacons meet seperately on a monthly basis with further combined
meetings as necessary.Other sub groups such as Finance, Compliance, Technology etc meet regularly and
report to the Trustees.There are also 6 Members meeting a year whose agenda is set by the Trustees and
where certain agenda items are voted on.
Related parties and co-operation with other organisations
CertaSn of the Managlng Trustees recelve remuneratlon or other beneflt by virtue of theSr employment by
Kensington Baptist Church. Managing Trustees are required to disclose to the other Trustees all relevant
connections and interests in the same way as any other contractual relationship with a related party. During
the year no such related party transactions were reported save for the Managing Trustees, common interest
as members of Kensington Baptist Church.
Key management personnel
The Managing Trustees consider that the key management personnel of the Charity comprise the Senior
Pastor , Assistant Pastor and 6 lay Elders. All Managing Trustees give of their time freely and no trustee
received remuneration as a Managing Trustees in the year. Details of Managing Trustee expenses and
related party transactions are disclosed in Note 4 to the accounts.
Volunteers
The Charity relies on voluntary help from members of Kensington Baptist Church to fulfil many of it5 key roles
and in providing administrative and other practical 5UPPOrt to the church. With the exception of 2 of the
Managing Trustees, all other roles were fulfilled by volunteers during the year. The pay of staff 15 reviewed
annually and normally increased in line with the Consumer Price Index.

KENSINGTON BAPTIST CHURCH
TRUSTEES, ANNUAL REPORT (continued)
For the year ended 31 Morch 2024
Structure. govemance and management (¢ontinued)
Rlsk management .
The Trustees have a risk management strategy which comprises:
an annual revlew of the princlpal risks and uncertaintles that the Charity faces;
the establishment of policies, systems and procedures to mitigate those identified risks; and
the implementation of procedures designed to minimlse or manage any potential impact on the C
The risk management review has identified that financ5al sustainability Is the major financial rlsk for the
Charity. A key element In the management of financlal rlsk is the regular review of reseNes and the
avallability of Ilouid funds to settle debts as they fall due. [The church currently h85 a good level of
unrestrlcted resenies whlch mitigates this rlsk in the medium term.1
Attention Is also given to non-financlal risks Includin8 governance and operatlonal risks, external and
environmental risks and compllance with law and re8ulations. The risk management revlew has identified
safe recrultment,training and regular monitorin8 of all ChIld￿n,$ and Youth workers and those working with
adults where safeguardln8 is applicable.
Trustees, responslbllltles statement
The trustees are responslble for preparln8 a trustees, annual report and accounts in accordance with
applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8
The Trustees are requlred to prepare accounts for each year vthich glve a twe and falr view of the state of
affairs of the charlty and of the incomin8 resources and applicatlon of resources, Includlng the Income and
expendlture, of the charity for that perlod. In preparin8 these flnanclal statements, the Trustees are required
to..
select suitable accountiri8 policies and then apply them consistently;
obsenie the methods and prlnciples in the Charitles SORP.
make judgements and estlmates that are reasonable and prudent;
state whether appllcable UK accounting Standards have been followed, subject to any materlal
departures dlsclosed and explained in the flnancial statements,. and
prepare the Accounts on the goln8 concern basis unless it is inappropriate to presume that the
charitable company will continue In operation.
The Trustees are responsible for keepin8 proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the accounts comply with the
Charitie5 Art 2011. They are also responsible for safeguardin8 the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregulaYitSes.
This report was approved by the Trustees and signed on their behalf by..
P Hodges

KENSINGTON BAPTIST CHURCH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KENSINGTON BAPTIST CHURCH
I report on the accounts of Kensington Bapist Church for the year ended 31 March 2024 which comprise the
Statement of Financial Activitie5, the Balance Sheet, the Statement of Cash Flows and the related notes.
Respective responsibilities of trustees and examiner
The Charity's Trustees are responsible for preparing the Trustee5' Annual Report and the Accounts. The
Trustees consider that an audit is not required for thi5 year under Section 144121 of the Charitie5 Act 2011
I'the 2011 Act") and that an independent examination is needed.
The Charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a
qualified member of the Chartered Institute of Management Accountants.
Having Satisfied myself that the Charity is not subject to audit under company law and is eligible for
Independent examination, it Is my responsibility to:
examine the financial statements under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under
section 145{5llbl of the 2011 Act; and
state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the Charity's Trustees as a body. Mv
work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state
to them in an independent examiner's report and for no other purpose. To the fullest extent permitted bv
law, I do no accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a
body for my examination work, for this report, or for the statements I have made.
Basis of the independent examiner's report
My examination was carried out in accordance with the general Oirection given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the
financial statements presented with those records. It also include5 consideration of any unusual items or
disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the financial 5taternents present a 'true and fair view, and the
report is limited to those matters set out in the statement below.

KENSINGTON BAPTIST CHURCH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KENSINGTON BAPTIST CHURCH
Independent examlner's statement
In connection with mFexamlnation, no matter has cometo my attention:
which gives me reasonable cause to believe that in any materlal respect the requirements:
to keep accountin8 records in accordance with sertion 130 of the 2011 Act; and
to prepare financial statements which accord with the accountin8 records, and comply with the
accountlng requlrements of the 2011 Act and with the methods and principles of the Statement
of Recommended Practlce: Accounting and Reporting by Charities
have not been met,. or
to which, in my oplnlon, attention should be drawn In order to enable a proper understandin8 of the
flnanclal statements to be reached.
..17.1...i.t..L.Z.*........
Roberta Sunderland ACMA
50 Guest Avenue
Brlstol
BS16 7GA
Oate

KENSINGTON BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2024
Restrirted Unrestrirted
funds
funds
2,024
2,023
Note
Income
Donations a nd gifts
Income from charitable activities
Investment income
63.394
283.328
7.257
28,163
346,722
7,257
28,163
372,039
5,593
22,688
Total income
63,394
318,748
382,142
400,320
Expenditure
Expenditure on charitable activities
93,449
292.026
385,475
514,019
Total expenditure
93,449
292,026
385,475
514,OL9
Net income l {expendlturel before transfers
130,0551
26.722
(3,3331 1113,6991
Transfers between funds
12,13
Net income / (expenditure) and net
movement in funds for the year
130,0551
26.722
13,3331
1113,6991
Reconclllatlon of funds
Total fund5 at the start of the year
12,13
169,813
633,657
803,470
917,169
Total fund5 at the end of the year
14
139,758
660,379
800,137
803,470
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure relates to continuing activities.
io-

KENSINGTON BAPTIST CHURCH
BALANCE SHEET
As at 31 March 2024
31 March 2024
31 March 2023
Note
Flxed assets
Tangible fixed assets
493,184
510,462
Current assets
Debtors
Cash at bank and In hand
11,208
304,765
6,087
292,883
315,973
298.970
Credltors
Amounts falling due within one year
Net Current assets
io
{9,020)
15,962}
306.953
293.008
Total assets less current Ilabllltles
800,137
803,470
Credltors: Amounts falllng due after
more than one year
11
Net assets
8￿,137
803,470
Charlty funds
Restrlcted funds
Unrestrlcted funds
12
13
139,758
660,379
169,813
633,657
800,137
803,470
The financial statements were approved by the Trustees and signed on their behalf by:
P Hodges
Date
li-

KENSINGTON BAPTIST CHURCH
STATEMENT OF CASH FLOWS
For the yeur ended 31 March 2024
2.024
2,024
2,023
2,023
Cash flow from operatinE activities
Net movement in funds
13,3331
1113,6991
Add.. Depreciation of tangible assets
Less: Interest (included in investing activities)
Decrease / lincreasel in debtors
Increase I Idecreasel in creditors
17.278
14,7061
15,121)
3,058
17,278
11,6921
607
2,052
10.509
18,245
Net cash {oufflow) / Inflow from operating activitles
7,176
195,4541
Cash flows from Investing activities
Interest received
4,706
1,692
Net cash inflow / {oufflow) from investlng actlvities
4,706
1,692
Cash flows from financing activltles
Increased Irepayment of borrowing (net)
Net cash inflow l (outflow) from financing activltles
1500)
1500)
Net ¢han8e in cash and cash equivalents
Cash and cash equivalents at the start of the year
11,882
194,2621
292,883
387,145
Cash and cash equlvalents at the end of the year
304,765
292,883
-12-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Accountlng policies
1.1 Basis of preparation
The accounts have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice 3pplicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Repu blic of Ireland
IFRS 1021 (effective l January 20151 - (Charities SORP {FRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Kensington Baptist Church meets the definition of a public benefit entity under
FRS102
Going concern basi5 of preporotion
After reviewing th¢ Charity's forecasts and projertions. the Trustees have a reasonable
expectation that the Charity has adequate resource5 to continue in operational existence for the
foreseeable future. The Charity therefore continues to adopt the going concern basi5 in
preparing its accounts.
1.2 Charity Status
Legal status
The Charity was constituted as a trust in 1887. It has no share capital and it has one member
Trustee as named on page l of these accounts. In the event of the Charity being wound up, the
liability in respect of the guarantee is limited to £1 per member of the Charity. At 31 March 2024
there was I member12022123: 1).
Taxation
Kensington Baptist Church is registered with the Charity Commission as a charity and its main
activities are exempt from taxation in accordance with the Corporation Tax Act 2010.
-13-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Accounting policies (continued)
1.3 Income
Income is recognised in the Statement of Financial Activities when the Charity has entitlement to
the funds and it is probable that the income will be received and the amount can be measured
reliably. Planned giving receivable under Gift Aid is recognised only when received. income tax
recoverable on Gift Aid donations is recognised when the income is reco8nised.
In accordance with the Charities SORP {FRS 102), the contribution made by unpaid volunteers to
the Charity is not recognised as income in the accounts. A description of the role played by
volunteers and the nature of their contribution is provided in Note 5 to the accounts.
1.4 Deferred income
Income received in advance is deferred in the Balance Sheet until the criteria for income
recognition is met, at which point the income is recognised in the Statement of Financi31
Activities.
1,5 Fund accounting
U nrestricted funds are available to spend on activities that further any of the purposes of the
Charity. Restricted fund5 are donations which the donor has specified are to be 501ely Used for
particular areas of the Charity's work or for specific projects being undertaken by the Charity.
1.6 Expendlture and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make payment to a
third party, it is probable that settlement will be required and the amount of the obligation can
be measured reliably.
Expenditure on charitable activities comprises direct charitable expenditure. administrative costs
and premises costs incurred by Kensington Baptist Church.
Irrecoverable VAT is charged a5 a cost against the activity for which the expenditure was
incurred.
-14-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Accounting policies Icontinuedl
1.7 Tangible fixed assets
Tangible fixed assets are measured at C05t le55 accumulated depreciation and any accumulated
impairment losses.
Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed
assets over their expected useful lives, using the straight-line method. The rates applicable are-
Freehold buildings
Property improvements
Fixtures and fittings
2% per annum
2% per annum
IO% per annum
Freehold land and buildings are held at valuation determined by the Trustees on 6 April 1995.
Property improvements relate to building costs incurred during building refurbishment projects.
Depreciation has been provided from the date of completion of each project. The property is
reviewed for impairment, in accordance with Section 27 of FRS 102, at the end of each accounting
period.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of trade discounts due.
1.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
rnaturity of three months or less from the date of acqvisition or opening of the deposit or similar
account.
1.10 Creditors
Creditors are recoEnised where the Charity has a present obligation resulti ng from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are normally recognised at their
settlement amount after allowing for any trade discounts due.
1.11 Forei8n currency translation
The functional and presentation currency of the Charity is Sterling 1£). Transactions in foreign
currencies are translated into Sterling at the rate ruling on the date of the transaction. Monetary
assets and liabilities denominated in foreign currencies are translated into Sterling at the rate of
exchange prevailing on the balance sheet date. Exchange differences are recognised in the
Statement of Financial Activities in the period in which they arise.
-15-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Pension costs
Contributions to defined pension contribution plans on behalf of employees are recognised as an
expense in the Statement of Financial Activitie5 in the period in which they are incurred.
Restricted Unrestrirted
funds
funds
2,024
2,023
Donations and gifts
63,394
283,328
346,722
372,039
Income from church artivities
Sundrylncome
1.967
5,290
1,967
5,290
1,689
3,904
7,257
7,257
5,593
Rental income
23,457
4,706
23,457
4,706
20,996
1,692
Interest received
28,163
28,163
22,688
63,394
318,748
382,142
400,320
2.024
IOOYO
2,023
loo%
United Kingdom
Europe
Rest of the World
-16-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Expenditure
Restrlrted Unrestricted
funds
funds
2,024
2,023
Expendlture on charitable activities
Direct charitable expenditure
Administrative costs
93,449
54,645
176,288
61,093
148,094
176,288
61,093
232,221
204,250
77,548
Premlses costs
Total expenditure
93,449
292,026
385,475
514,019
In 2022123 expenditure of £367822 was attributable to unrestricted funds and £146,197 was
attributable to restricted funds.
Net income / (expenditure) is stated after charging".
2,024
2,023
Depreciation
17,278
17,278
a) Analysis of direct charitable expenditure
Restricted Unrestrirted
funds
funds
2,024
2,023
Missionary support
Children's and youth work
Other activities
43,000
3,838
7,807
43,000
3,838
101,256
60,130
3,544
168,547
93,449
93.449
54,645
148,094
232,221
In 2022123 direct charitable expenditure of £86.024 was attributable to unrestricted funds and
£146,197 was attributable to restricted funds.
17-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Expenditure (contlnuedl
b) Anatysis of administrative c05t5
Restricted Unrestricted
funds
funds
2,024
2,023
Printing, copying and computing
Telephone
FIEC & Other subscriptions
Miscellaneous costs & Legary transfer
Covid costs
Staff costs
Visltors and training costs
Fuel and subsistence
Mlnibus servlcing & repalr
Minibus tax and insurance
7,205
1.365
5.860
5,165
7,205
1,365
5,860
5,165
7,339
2,001
5.536
3,741
135,334
20,730
629
135,334
20,730
629
166,865
18,161
607
176,288
176,288
204,250
In 2022/23 all of the administrative costs were attributable to unrestricted funds.
c) Analysls of premlses costs
Restricted Unrestricted
funds
funds
2,024
2,023
Property repairs and upkeep
Insurance
16,970
6,123
20,722
17,278
16,970
6,123
20,722
17,278
20,168
4,855
7,079
17,728
Light, heat and water
Depreciation
61,093
61,093
49,830
In 2022123 all of the premises costs were attributable to unrestricted funds.
-18-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the yeor ended 31 March 2024
Staff cost5, trustee remuneration and expenses, and the cost of key management personnel
Staff costs d uring the year were as follows:
2,024
2,023
Salaries and wages
Social security costs
Pension costs
123,062
5,928
6,344
149,732
9,116
8,017
135,334
166,865
No employees had employee benefit5 in excess of E60,OCNJ12022/23: nill.
No Trustee recelved any remuneration from the Charity for their services during the year12022123',
£nill neither were they reimbursed expenses during the year12022123.' £nill.
The key management personnel of the Charity comprise S.Price{Senior Pastorl,J.Morrison (Assita nt
Pastor I, P Dyer,S Heap, A Oldfield,A Thomas , S Woods F Ogunniyi ILay Elders}The total employee
benefits of the key management personnel of the Charity was £76,984 {2022/23: £113,266)
Staff numbers
The average monthly number of employees duringthe year was as follows..
2,024
No.
2,023
No.
Full-time staff
Part-time staff
I n addition to its employees, the Charity received regular voluntary help from members of Kensington
Bapt15t Church which amounted to an additional 15 Full Time Equivalent staff during the year
12022123.. 15)
Pension commitments
Kensington Baptist Church makes defined pension contributions on behalf of eligible employees. The
assets of the scheme are administered by an independent pensions provider. Pension payments,
recognised as charitable expenditure within sUPPOrt costs during the year amounted to £6.344
12022123- £8,017).
19-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Tangible fixed assets
Property
Improvements
Freehold
Fixtures
& fittlngs
buildings
Total
Cost
At l April 2023
Additions
809,429
50,OC(J
178,488
1,037,917
Disposals
At 31 March 2024
809,429
50,000
178,488
1,037,917
Depreciation
Al l April 2023
Charge for the year
On disposals
321,777
16,188
28,000
1,000
177,678
90
527.455
17,278
At 31 March 2024
337,965
29,CK)O
177,768
544,733
Net book value
At 31 March 2024
471,464
21,000
720
493,184
At 31 March 2023
487,652
22.000
810
510,462
Debtors
2,024
2,023
Other debtors
3,668
7,540
1,950
4,137
Income tay recoverable
11,208
6,087
Cash at bank and in hand
2,024
2,023
Cash on short term deposit
Cash at bank and in hand
205.546
99,219
205,000
87,883
304,765
292,883
-20-

KENSINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Cash at bank and in hand (continued)
Cash on short term deposit of £205,546 relates to investments in the COIF Charities Deposit Fund.
managed by CCLA Investments Management Limited, the Virgin Charity Deposit and The Kingdom
Bank Gospel Partnership Account. Amounts can be deposited or withdrawn on demand.
10. Creditors: Amounts falling due within one year
2,024
2,023
Other creditors
9,020
5,962
9,020
5,962
11. Creditors: Amounts falling due after more than one year
2,024
2,023
2,024
2,023
Within one year
More than one year
9,020
9,020
-21-

KEN51NGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
For the yeor ended 31 March 2024
12. Analysis of movements in restricted funds
Brought
forward
Incoming
resources
Resources
Transfers
in / (outl
Carried
forward
expended
Specific gifts
169.813
63,394
193,4491
139.758
Restrirted funds
169.813
63.394
193.4491
139,758
Descriptlon of restrlcted funds
The specif ic gifts f und represents donations where the donor has expressed a wish that the donation
be used for a specific purpose within the church.
13. Analysls of movements in unrestrlcted funds
Brought
forward
Incoming
resources
Resouices
expended
Transfers
in l {outl
Carried
fonvard
Designated Funds
General fund
4,700
14,7001
4,700
655,679
633.657
318.748
1292,0261
Unrestrlcted funds
633,657
318,748
1292,0261
660,379
14 0esl8nated Funds Comprise the followlng
Brought
fonvard
Incoming
resources
Resources
expended
Transfers
in / lout}
Carried
forward
Property/ Equipment Fund
4,700
4,700
15 Analysis of net assets between funds
Restricted Unrestrirted
funds
funds
2,024
2,023
Tangible fixed assets
Debtors
Net current assets
Long term liabilities
493.184
11.208
155,987
493, 184
11,208
295,745
510,462
6,087
286,921
139,758
139,758
660.379
800,137
803,470
-22-