2021-03-31-accounts - King's Church Amersham

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CONTENTS
			PAGE
Trustees' Annual Report
Independent Auditors'	report to the	Members
Statement offinancial	activities		10
(including an income	8 expenditure	account)
Balance sheet
Cash Flow
Notes to the financial	statements

FOR THE YEAR E	FOR THE YEAR E		NDED 3'Isa	MARCH 202 I	MARCH 202 I
The Trustees present 31st March 2021.			their Annual	Report together with the audited accounts ofthe charity for the year ended
REFERENCES AND			ADMINISTRATIVE DETAILS
Registered	charity	name		King's Church Amersham
Charity registration		number		1136061
Company	registration		number	07161926
Principal office				Raans Road, Amersham,	Bucks, HP6 6LX
Registered	office			Raans Road, Amersham,	Bucks, HP6 6LX
Company	Bankers			Handelsbanken, Tudor House, 651 London Road,
				High Wycombe HP11 1EZ
Company	Lawyers			Stone King, 16StJohn's	Lane, London EC1M 4BS
Company	Secretary			Julian Dagnall

THE TRUSTEES
The Trustees who	served the company during the	year were	as follows:
Andrew Burton	Chairman and Member ofthe Congregation
Paul Thomas	Elder and Pastor
Julian Dagnall	Elder, Pastor and Company	Secretary
Kathy Nussbaum	Elder	(appointed	14December 2020)
Neil Suggett Simon Rose	Elder Member ofthe Congregation	(resigned	'l4 December 2020)
David Patterson	Member ofthe Congregation
Vicki Hamilton	Member ofthe Congregation
Callie Tomlins	Member ofthe Congregation
Simon Harding	Member ofthe Congregation	(appointed	14December 2020

				Unrestricted	Restricted	Endowment
			Notes	funds 2021	funds 2021 f	funds 2021 F	Total Group 2021	Total Group 2020
Income
Donations and gifts				557,634	19,156		576,790	499,477
Income from charitable		activles
Towards church activities				9,400			9,400	32,070
Income from other trading
activities
Hire offacilities Commercial trading	activities			3,618 7,352				32,595 31,441
Other operating income
Government grants				10,817
Investment income	- interest
Total income				588,838	19,156		607,994	595,632
Expenditure
Church activities Commercial activities Fees				540,284 13,789 10,069	17„485		557,769 13,789 10,069	549,260 35,503 9,158
Tots Iexpenditure				564,142	17,485		581,627	593,921
Net Income/(expenditure)				24,696	1,671		26,367	1,711
Net movement in funds				24,696	1,671
Fund balances at 1 April 2020			14	2,186,928	17,102	751,626	2,955,656	2,953,945
Fund balances at 31	March 2021		14	2,211,624	18,773	751,626	2,982,023	2,955,656

			Group
				2020		2020
Fixed Assets		Notes		F		F-
Tangible Assets Investments		6 7	3,280„971	3,341,237	3„280,642 1	3,340,584 1
Current assets			3,280,971	3,341,237	3„280,643	3,340,585
Stock			250	466
Debtors Cash at bank and in	hand		60,267 126,997	58,669 113,244	67,197 125,674	60,547 111,917
			187,514	172,379	192„871	172,464
Creditors: amounts falling due within one year		9	(101,004)	(102,476)	(100,790)	(101,081)
Net current assets			86,510	69,903	92,081	71,383
Total assets less current liabilities			3,367,481	3,411,140	3,372„724	3,411,968
Creditors: amounts	falling
due after one year		10	(385,458)	(455,484)	(385,458)	(455,484)
Net assets		14	2,982,023	2,955,656	2,987,266	2,956,484
Income funds
Restricted funds			18,773	17,102	18,773	17,102
Unrestricted funds			2„211,624	2,186,928	2,216,867	2,187,756
Endowment Funds		12	751,626	751,626	751,626	751,626
Total church funds			2,982,023	2,955,656	2,987,266	2,956,484

					Group		Charity
					2021	2020		2020
				Notes
Cash flows from	operating		activities
Net cash provided	by/(used		in)
operating activities				15	114,259	93,452	114,118	95,816
Cash flow from	investing		activities
Investment income - interest					17	49	162	204
Purchase offixed assets Bank Loan repayments					(31,469) (69,054)	(17,027) (69,054)	(31,469) (69,054)	(17,027) (69,054)
Net cash used in	investing	activities			(100,506)	(86,032)	(100,361)	(85,877)
Change in cash	and cash
equivalents
in the reporting	period				13,753	7,420		9,939
Cash and cash equivalents		at 1 April			113,244	105,824	111,917	101,978
Cash and cash equivalents		at 31 March			126,997	113,244	125,674	111,917

				Statf costs	Depreciation	Other costs		Total
				(note 5)
				2021				2020
				F				F
Grants payable Church Ministry Church activities Administration:		- see note 3 -see note below - direct		203,186			24,971 215,665 55,505	16,524 189,397 67,268
Church Church	maintenance/operating administration		costs	6,825 58,955		42,491 61,621	141,052 120,576	164,806 111,265
				268,966	91,736	197,067		549,260

NOTES TO THE	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS
FOR THE YEAR	ENDED 3'Isa MARCH 2021
3. Grants Payable
		Unrestricted		Restricted		Unrestricted	Restricted
			funds	funds	Total	funds	funds		Total
			2021	2021	2021	2020	2020		2020
				E	E	E
Grants to institutions:
King's Church Ghana New Hope Restore Hope Latimer			14,000 500		14,000 500	7,535	1,284		7,535 1,284
Chiltem Food bank			100		100
ROPE								544	544
Grants to individuals	(10grants)		14,600 2,700	7,171	14,600 9,871	7,535 3,600	1,828 3,561		9,363 7,161
			17,300	7,171		11,135	5,389		16,524
4. Fees
							2020
Audit fees Payroll fees - Cansdales Consultant fees					4,834 3„506 1,729		4,627 2,371 2,160
					10,069		9,158
None ofthe fees paid	during the year were paid from			restricted	funds.
5. Employees and Trustees
							2020
Employee costs during the year (including			key management):
Wages and salaries					240,196	213,197
Sociai security costs					16,288		12,969
Other pension costs					12,482		11,145
					268,966	237,311
Average monthly number ofpersons		employed:
Continuing Operations

					2020
Key management	compensation:
Trustees' emoluments				80,046	60,?72
Trustees expenses				3,299	1,993
Other salaries and	short-term	employee	benefits	35,135	36,352
Post-employment	benefits			2,108	2,108
				120,588	101,225

6. Tangible fixed asset	s
	Freehold
	Land &	Church	Coffee	Total
	Buildings	equipment	shop
Cost
At 1 April 2020	3,744,641	326,473	6,670	4,077,784
Additions		31,469		31,469
Disposais		(52,570)		(52,570)
At 31 March 2021	3,744,641	305,372
Depreciation
At 1 April 2020	464,282	266,248	6,017	736,547
Charge for year	74,893	16,518	324	91,735
Disposals		(52,570)		(52,570)
At 31 March 2021	539,175	230,196		775,712
Net book value:
At 31 March 2021	3,205,466	75,176
At 31 March 2020	3,280,359	60,225	653	3,341,237

Companies Debtors	Act 20	1	relating to the au	dit of its ind	ividual acc	ounts by vir	tue ofsection	479A.
					Group
						2020		2020
Income tax recoverable					45,844	41,694	45,844	41,694
Debtors due greater than			12 months		4,650	5,730	4,650	5,730
Trade Debtors					0	2,324
Other debtors						12,007		13,123
						61,755	67,197	60,547
Creditors:	amounts		falling due within one year
					2021	2020		2020
					F
Taxes 8 social security			costs		4,964	5,328		5,328
Handelsbanken	loan				69,976	69,548		69,548
Accruals and	deferred	income			26,064	27,600		26,205
					101,004	102,476	100,790	101,081
Creditors:	amounts		falling due after	more than	one year
					2021	2020	2021	2020
Handelsbanken	loan			E 385,458		E 455,484	385,458	F 455,484
				385,458			385,458	455,484
Loans payable Loans payable Loans payable	1-2years 2-5 years after 5 years			70,726 212,178 102,554		70,298 210,894 174,292	70,726 212,178 102,554	70,298 210,894 174,292

and the quar Restricted	terly repaym Funds	ents are around F4,190.	ents are around F4,190.	ents are around F4,190.	s	s
The income ofdonations	funds ofthe and grants	charity include restricted funds comprising the held on trust for specific purposes:			following unexpended balances
		Balance at	Incoming	Resources	Outgoing	Balance at
		1 April 2020	Resources	Expended	Transfers	31 March 2021
Specific donations		F 17,102	19,156	(17,485)		F F 18,773
		17,102	19,156	(17,485}		18,773
		Balance at	Incoming	Resources	Outgoing	Balance at
		1 April 2019	Resources	Expended	Transfers	31 March 2020
		F	F	F		F
Specific donations		20,206	14,943	(18,047)		17,102
		20,206	14,943	(18,047)		17,102

Total Group
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total
Fund balances at31 March 2021 are represented		by.
Non-current assets			2,529,345		751,626	3,280,971
Current assets			168,741	18,773		187,514
Creditors: amounts	falling due within one year		(101,004)			(101,004)
Creditors: amounts	falling due after more than one year		(385,458)			(385,458)
			2,211,624	18,773	751,626	2,982,023
Fund balances at31 March 2020 are represented		by:
Non-current assets			2,589,61 1		751,626	3,341,237
Current assets			155,277	17,102		172,379
Creditors: amounts	falling due within one year		(102,476)			(102,476)
Creditors: amounts	falling due after more than one year		(455,484)			(455,484)
			2,186,928	17,102	751,626	2,955,656
Charity
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total
Fund balances at31 March 2021 are represented		by:
Non-current assets			2,529,017		751,626	3,280,643
Current assets			174,098	18,773		192,871
Creditors: amounts Creditors: amounts	falling due within one year falling due after more than one year		(100,790) (385,458)			(100,790) (385,458)
			2,216,867	18,773	751,626	2,987,266
Fund balances at31 March 2020 are represented		by.
Non-current asseis			2,588,959		751,626	3,340,585
Current assets			155,362	17,102		172,464
Creditors: amounts Creditors: amounts	falling due within one year falling due after more than one	year	(101,081) (455,484)			(101,081) (455,484)
			2,187,756	17,102	751,626	2,956,484

16
. Reconciliation ofsu	rplus to net c	ash inflow from	0peI'atl ng	activities
		Group		Charity
		2021	2020	2021	2020
				E
Net movement in funds Add back depreciation Less inmstment income Decrease in stock		26,367 91,735 (17) 216	1,711 90,056 (49) 350	30,782 91,411 (162)	1,423 89,732 (204)
Decrease in debtors (Inc)/Dec in creditors excl bank loans		(1,598) (2,444	?,443 (6,059)	(6„650) (1,263)	11,596 (6,731)
Net cash used in operating	activities	114,259	93,452	114,118	95,816

			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total Group
		Notes
Income
Donations and gifts			485,156	14,321		499,477
Income from charitable	activies
Towards church activities			31,448			32,070
Income from other trading activities
Hire offacilities Commercial trading activies			32,595 31,441			32,595 31,441
Investment income - interest
Total income			580,689	14,943		595,632
Expenditure
Church activities Commercial activities Governance costs - Audit	8 legal fees		531,213 35,503 9,158	18,047		549,260 35,503 9,158
Total expenditure			575,874	18,047
Net Income/(expenditure)			4,815	(3,104)		1,711
Net movement in funds			4,815	(3,104)		1 711
Fund balances at 1 April 2019			2,182,113	20,206	751,626	2,953,945
Fund balances at 31 March 2020			2,186,928	17,102	751,626	2,955,656