## The King's Community Church Hatfield Trust Report and Accounts Year ended 31st August 2020 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## FOR THE YEAR ENDED 31 AUGUST 2020 ## COMPANY INFORMATION |Directors/Trustees|R Everett|| |---|---|---| ||A Mathes|| ||J Telford|| ||C Shaw|| |Company Secretary|David Martin|| |Key staff|Dom Long|| |Governing Document|Memorandum and Articles of Association|| ||dated 24 August 2011|| |Company Registration Number|7751479|| |Charity Registration Number|1144204|| |Registered Office|Kennelwood House|| ||Kennelwood Lane|| ||Hatfield|| ||Hertfordshire|| ||AL10 0LG|| |Independent Examiner|Lisa Darby ACA|| ||Stewardship|| ||1 Lamb's Passage|| ||London|| ||EC1Y 8AB|| |Bankers|CAF Bank Ltd|| ||CONTENTS|| |||Page| |Company Information||1| |Directors' Report||2 - 6| |Independent Examiner's Report||7| |Statement of Financial Activities||8| |Balance Sheet||9| |Notes to the Accounts||10 - 15| |Detailed Statement of Financial Activities with Comparatives||16| Page 1 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## REPORT OF THE DIRECTORS ## FOR THE YEAR ENDED 31 AUGUST 2020 The Directors have pleasure in submitting the Report and Accounts for the period from 1st September 2019 to 31st August 2020. ## Objects of the charity The Charity’s objects (“Objects”), as set out in the Memorandum and Articles of Association, are for the public benefit:- (a) to advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in Hatfield, St Albans, Welwyn Garden City, and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit, and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity; (b) To advance education by such means as the Trustees may consider appropriate including (though not by way of limitation) by means of establishing operating or supporting any educational establishment or establishments in the St Albans area, and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. ## Structure, Governance and Management Governing document The King’s Community Church Hatfield Trust is a company limited by guarantee, incorporated on 24th August, 2011 and registered as a charity at the same time. The church previously operated as an unincorporated charity. The company was established by a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members (who are the Elders), are required to contribute an amount not exceeding £10. ## Appointment of responsible individuals and elders The Church is governed by its responsible individuals, who are appointed according to the Articles of Association. The individuals are closely involved in the church’s operations and held several meetings during the year ended 31st August 2020. Elders are recognised by the congregation for the spiritual direction of the Church and undertake its day to day management. Page 2 ## Trustees The responsible individuals who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the period and up to the date of this report are set out on page 1. ## Trustees’ induction and training Responsible Individuals and Elders are closely involved in the church’s operations prior to appointment and are appointed according to their ability to lead the church and the skills they bring to the post. Existing Responsible Individuals, Elders and new appointees have a good knowledge of the operation of the Church prior to appointment. Existing Responsible Individuals and Elders have been involved in the establishment of the charitable company and are aware of the legal requirements from participation in this process. New appointees are supported in their posts by existing appointees. New appointees are also provided with copies of the Memorandum and Articles of Association, latest financial statements and guidance from the Charity Commission. ## Review of Activities The Trustees confirm that they have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the Church’s aim and objectives and in planning future activities. The Church operates in conjunction with Newfrontiers. ## Worship and Prayer All are welcome to attend our regular Sunday meetings, when activities and groups are provided for children and youth, with a crèche for babies. ## Activities during the Year The King’s Community Church continued to provide Christian witness and support to people in Hatfield, St Albans and Welwyn Garden City . The church is in association with the worldwide Newfrontiers group of 1500 churches. We are part of Catalyst Sphere, a sub-group within Newfrontiers comprising about 300 churches. The Church’s year was totally affected by the global advent of Covid-19, and in March, 2020, the Church’s offices, Sunday and all other meetings and activities were closed down for the remainder of the financial year and beyond, due to concerns for the safety of employees and Members, and in line with Government restrictions. Staff have been working from home, with the offices visited occasionally to collect messages and mail. Sunday meetings were eventually transferred to Zoom and YouTube with some worship conducted from the offices. Mid-week Community Groups meeting on Zoom (or similar video conferencing programs) or in person following government guidelines. This enabled Members to continue fraternising at a distance, with worship, preaching and updates. Page 3 The Church’s income was affected by these changes, with staff reducing hours or pay, and tight controls put on spending. A Gift Day in October was generously supported by Members, but the Church’s reserve levels are likely to reduce over the coming year. The Directors and employees of the Church remain the same. The following activities continued until Covid arrangements came into place: Dom Long (Lead Elder) continues to sit on several local community committees and the church supported the events they organised during the year up to March, 2020. The church continues to build links with other churches in the local area. Our parent and toddler group, KCC Little Ones , continued to meet successfully each week at the Harrier Hilltop Hall, giving parents and carers in the wider community a social outlet and mutual support. Some mothers have attended Sunday meetings. Our craft social group, Knit and Natter , and our Book Club also continued to meet attracting others from the local community. Book Club has moved online since the Covid restrictions were introduced. KCC remains committed to alleviating the needs of the poor . Members were involved in a winter night shelter during the winter of 2019/2020. Along with two other churches in the town, KCC launched a Trussell Trust foodbank in October 2017. A significant number of members volunteer regularly at the foodbank, which has continued to provide a much needed and increased service during the lockdown, with Covid arrangements in place. Adult and Youth Alpha Courses continues to be run, latterly online, for those who are interested in the Christian faith. Our youth and their Leaders have been very innovative during lockdown in preparing material, videos, programming, etc., to be conducted at home and via social media. Pastoral care and training for members continues through mid-week Community Groups, latterly online, and the Pastoral Team continues to bring prayer support to members as necessary. A range of men’s and women’s events have taken place during the year, and also continue online. A group of young people attended the online Newfrontiers Newday Conference. Other Members have attended Conferences organised by our Catalyst Sphere, including Leadership Training – again online since March, 2020. The church supports overseas ministry with Elder David Rigby, continuing to cover Newfrontiers churches in the Greater Moscow region of Russia. He visits Russia several times a year, occasionally accompanied by a team from the church. The ministry trip to Russia in April was postponed due to the pandemic, and will be re-scheduled when things return to normal. Meanwhile liaison continues via Zoom. John and Valerie Telford continue to work with the Puerto Banus Christian Centre (‘The Wave’) in Southern Spain. Other church members have served/are serving in Canada, China, Ukraine, South Africa, and New Zealand. The Church is supporting another Member who is undertaking ministry in Iraq. Page 4 During the middle of 2020, the Elders and Trustees were heavily engaged in re-negotiating the rent for the Church offices for the remainder of the lease period from 1[st] . April, 2020, to 31[st] . March, 2023. The Landlord required a substantial increase, but after protracted discussions a reasonable proposal from the Church, recognising the effect on the commercial renting market of Covid, was accepted by the Landlord. In planning the activities the Directors have had regard to the guidance on public benefit issued by the Charity Commission. ## Financial Review The Church’s income for the year was £135,663 (2019: £120,089) and expenditure £155,544 (2019: £122,351) resulting in a deficit of -£19,881 (2019: -£2,261) As a result the charities total funds decreased the same amount to £40,313 (2019: £60,194) of which £24,453 relate to restricted funds (2019: £21,679). The church's budgetary control system continues to operate and budget holders have responsibility for managing their departmental budget. ## Investment policy and returns The trustees have wide investment power. The church’s investment policy is to invest the monies not immediately required for the primary purpose of the trust in, or upon, such investments as may be thought fit. This will be reviewed now the new Trust is in operation. ## Reserves Policy The church holds unrestricted and restricted funds. Transfers are made from unrestricted to restricted funds in order to prevent restricted funds from going into deficit. Our overall policy for unrestricted funds is only to increase reserves above a minimum threshold necessary to operate the organisation (not more than 3 months expenditure) or where specific projects are being planned for subsequent years. Our policy states a target range of reserves of between £10k and £30k. The free reserves at the year end were in the region of £16,000 which represents approximately 1.5 months of planned expenditure. This figure is within the Trustees’ desired range of £10K - £30K and we expect this figure to increase in the next financial year. ## Risk Statement The trustees have assessed the major risks to which the church is exposed, in particular those relating to the operations and finances of the church. The trustees are satisfied that systems are in place to mitigate their exposure to major risk. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis. Page 5 In March, 2020, the Charity took steps, in line with Government advice, to help contain the outbreak of Covid-19. This involved the temporary suspension of all physical gatherings and the Charity had to curtail, or change how it operates. The Charity minimised use of its offices and put appropriate hygiene measures in place. The staff worked from home, with some staff being furloughed. The Charity has been able to continue some of its activities and management meetings by use of online media. The Trustees continue to monitor Church income and expenditure closely, and if it becomes necessary, will take further measures to mitigate the impact of Covid-19 on the Charity’s free reserves. Previous measures to manage staffing costs, limit budget spending and hold a gift day have successfully stabilised our financial position, thus significantly reducing risk to our financial status as a going concern in the event of further income loss, resulting from effects of the pandemic on our members. Covid-19 safety measures including some staff working from home continue, particularly for those who are shielding. As opportunities to return to physical meetings hopefully arrive in the near future, government guidance will be adhered to and the appropriate safety measures put in place. ## Directors' Responsibilities Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year. 1. Select suitable accounting policies and apply them consistently 2. Make judgements and estimates that are reasonable and prudent 3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. 4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## Approval This report was approved by the Directors on 21/05/2021 and signed on their behalf by: J Telford Page 6 ## INDEPENDENT EXAMINER'S REPORT ## TO THE TRUSTEES OF ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ('the Company') I report to the charity trustee on my examination of the accounts of the Company for the year ended 31 August 2020 on pages 8 to 16 following, which have been prepared on the basis of the accounting policies set out on page 10 - 11. ## Responsibilities and basis of report As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner’s statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 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. Lisa Darby ACA Dated: 24th May 2021 For and on behalf of: Stewardship 1 Lamb's Passage London EC1Y 8AB Page 7 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31 AUGUST 2020 ## SUMMARY INCOME AND EXPENDITURE ACCOUNT |Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investments
Charitable activities
Other income and endowments
Total income and endowments
EXPENDITURE ON
Charitable activities
3
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward|Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2020
2019
£
£
£
£
114,317
18,680
132,997
118,323
30
-
30
26
2,276
-
2,276
1,480
360
-
360
260| |---|---| ||116,983
18,680
135,663
120,089
139,638
15,906
155,544
122,351| ||139,638
15,906
155,544
122,351
-
-
-
-| ||(22,655)
2,774
(19,881)
(2,261)
-
-
-
-| ||(22,655)
2,774
(19,881)
(2,261)| ||(22,655)
2,774
(19,881)
(2,261)| ||38,515
21,679
60,194
62,455| ||15,860
24,453
40,313
60,194| Movements on reserves and all recognised gains and losses are shown above. The notes on page 10-15 form part of these accounts. Page 8 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## BALANCE SHEET ## AS AT 31 AUGUST 2020 |Note
CURRENT ASSETS
Debtors
5
Cash at bank
6
CURRENT LIABILITIES
Liabilities falling due within one year
7
Net Current Assets
NET ASSETS
FUND BALANCES
Unrestricted funds
8
General Funds
Designated funds
Restricted Funds
8|Unrestricted
Restricted
Total funds
Total funds
Funds
Funds
2020
2019
£
£
£
£
4,640
2,570
7,210
5,289
24,876
21,883
46,759
63,401| |---|---| ||29,516
24,453
53,969
68,690| ||13,656
-
13,656
8,496| ||15,860
24,453
40,313
60,194| ||| ||15,860
24,453
40,313
60,194| ||15,860
-
15,860
38,515
-
-
-
-
24,453
24,453
21,679| ||15,860
24,453
40,313
60,194| For the year ended31 August 2020 the company was entitled to the 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 financial statements for the year ended 31 August 2020in accordance withSection 476ofthe Companies Act 2006however, in accordance withSection 145of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements. The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for: - a. ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - b. preparing financialstatements whichgive a true and fair view of the state of affairs of the charitable company as at the end of each financialyear andof its net income or expenditure for each financialyear in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors and were signed on its behalf by: J Telford Date: 21/05/2021 Company number: 7751479 Charity number: 1144204 The notes on page 10-15 form part of these accounts. Page 9 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31 AUGUST 2020 ## 1 Accounting Policies The accounts have been prepared under the historic cost convention, in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity’s ability to continue. Based on the adequacy of the charity’s reserves as at the balance sheet date, along with their knowledge of the charity’s ability to meet bills, payments and other liabilities as they fall due, the directors have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future. In making this assessment the trustees have considered how Covid-19 might affect projections The following are the accounting policies which have been applied in dealing with material items:- - a) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Income from donations and legacies includes: - a) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor. - b) The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. ## b) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. - c) Funds: Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used. ## d) Fixed assets and depreciation: Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £750 when they are written off on purchase. Depreciation periods are as follows: Freehold land Not depreciated Freehold buildings Over 50 years Equipment Between 3 and 7 years Page 10 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31 AUGUST 2020 - e) Pension costs: The company operates a defined contribution scheme for certain of its employees. Pension premiums are charged as they are paid. ## f) Taxation The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts. ## g) Cashflow statement The company has taken advantage of the exemption provided by the FRS 102 SORP and has not prepared a Cash Flow Statement for the year. |2
Voluntary income
General donations
Tax recoverable
Government Grant
3
Charitable activity
a
Direct Charitable Costs
Employment expenses
Venue hire
Evangelism
Ministry expenses
Conferences & courses
Church activities
Pastoral care expenses
Sundry expenditure
Grants payable
Note 3c
b
Support & Administration
Accounts Examination
General church offices expenses
Combined charitable activity cost|Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
91,240
16,110
107,350
97,402
20,921
2,570
23,491
20,921
2,156
-
2,156| |---|---| ||114,317
18,680
132,997
118,323| ||Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
74,331
-
74,331
56,817
28,790
-
28,790
29,394
4,617
-
4,617
7,466
1,302
-
1,302
1,914
3,240
-
3,240
2,613
4,248
926
5,174
7,405
1,047
-
1,047
708
1,160
-
1,160
687
14,950
14,980
29,930
10,463| ||133,683
15,906
149,589
117,466| ||£
£
£
£
1,805
-
1,805
1,445
4,150
-
4,150
3,440| ||5,955
-
5,955
4,885| ||139,638
15,906
155,544
122,351| Page 11 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## NOTES TO THE ACCOUNTS |||NOTES TO THE ACCOUNTS|||| |---|---|---|---|---|---| |||FOR THE YEAR ENDED 31 AUGUST 2020|||| |c|Grants payable|Institutions||Individuals|2020| ||||£|£|£| ||Missionary support||3,800|21,550|25,350| ||Relief of poverty||1,230|3,350|4,580| ||||5,030|24,900|29,930| |||Institutions||Individuals|2019| ||||£|£|£| ||Missionary support||8,983|330|9,313| ||Relief of poverty||900|250|1,150| ||||9,883|580|10,463| ||The charity's principal grants to institutions comprised:|||2020|2019| |||||£|£| |||Catalyst Network of Churches||3,400|7,038| |||Grants to institutions for less than £1,000|each|1,630|2,845| The church supports missionaries in the UK and internationally. Where a particular missionary has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date in some cases, the church officers assess missionary funding on an annual basis and are confident that the missionaries would not view their support as an open ended obligations by the church. However, if a missionary has received a commitment of support for the following year, this has been included in the accounts as a liability. |4
Staff & Trustees
Gross wages, salaries & benefits in kind
Employer's National Insurance costs
Pension costs
Total staff costs|2020
2019
£
£
72,683
55,228
-
-
1,648
1,589| |---|---| ||74,331
56,817| The average monthly number of employees during the year was 5 (2019: 4.). Most of the charity's activities are carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum. Remuneration payable to key management (excluding trustees) amounted to £34.603 (2019: £33,375 )in the year. Key management is considered to cover the church leader directly employed by the charity. No remuneration was paid to any trustee during the year nor to any person connected to them. The total amount of donations funded by trustees and connected parties, and other related parties, was £23,655 (2019:£23,410). Paid expenses totalling £113.50 (2019: £267) for 2 (2019: 2) trustees to attend conferences whilst carrying out duties associated with being trustees; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure. No other transactions have taken place with trustees or related parties during the year. Fees payable to Stewardship, other than for the annual accounts and independent examination, for consultancy services totalled £90 (2019: £90) Page 12 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 |5
Debtors and Prepayments
Tax recoverable
Prepayments
6
Cash at Bank and in Hand
Bank operating accounts
Bank deposits
7
Creditors: liabilities falling due within one year
Trade Creditors
Accruals
Grants Payable|2020
2019
£
£
5,525
3,753
1,441
1,536| |---|---| ||7,210
5,289| ||2020
2019
£
£
26,569
42,191
20,190
21,209| ||46,759
63,401| ||2020
2019
£
£
2,856
2,056
6,800
6,440
4,000
-| ||13,656
8,496| ## 8 Funds During the year the movements in the charity's funds were as follows: |Restricted Funds
Building fund
Unemployment fund
Mission Funds
Little Ones fund
Newday offering
Other funds
Unrestricted Funds
General
Total Funds|Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
2020
2020
2020
2020
2020
£
£
£
£
£
16,689
-
-
-
16,689
4,256
750
(1,650)
3,356
-
16,585
(12,700)
-
3,885
522
665
(876)
311
212
50
(50)
-
212
-
630
(630)
-
-| |---|---| ||21,679
18,680
(15,906)
-
24,453| ||| ||38,515
116,983
(139,638)
-
15,860| ||| ||60,194
135,663
(155,544)
-
40,313| The assets and liabilities represented by the various funds are as follows: |||Fixed|Bank & cash|Other net|Total| |---|---|---|---|---|---| |||assets|balances|assets|2020| ||£||£|£|£| |Restricted funds||-|21,883|2,570|24,453| |Unrestricted funds||-|24,876|(9,016)|15,860| |||-|46,759|(6,446)|40,313| Page 13 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31 AUGUST 2020 In the previous year: ||Opening|Incoming|Outgoing|Transfers|Closing| |---|---|---|---|---|---| ||balance|resources|resources|in the year|balance| ||2019|2019|2019|2019|2019| ||£|£|£|£|£| |Restricted Funds|||||| |Building fund|16,689|-|-|-|16,689| |Unemployment fund|4,256|-|-|-|4,256| |Russia support fund|153|-|(153)|-|0| |Little Ones fund|495|828|(776)|(25)|522| |Catalyst offering|-|2,322|(2,322)|-|-| |Newday offering|1,654|1,441|(2,883)|-|212| |Other funds|-|111|(111)|-|-| ||23,247|4,702|(6,245)|(25)|21,679| |Unrestricted Funds|||||| |General|39,208|115,388|(116,106)|25|38,515| ||||||| |Total Funds|62,455|120,090|(122,351)|0|60,194| |The assets and liabilities represented by the various funds are||as follows:|||| |||Fixed|Bank & cash|Other net|Total| |||assets|balances|assets|2019| |||£|£|£|£| ||Restricted funds|-|21,679|-|21,679| ||Unrestricted funds|-|41,722|(3,206)|38,516| |||-|63,401|(3,206)|60,194| The Building Fund will eventually help the Church to secure its own Church building. The Unemployment Fund supports Church members who are out of work. The Mission Fund is to support those who travel abroad on outreach ministry trips. Little Ones Fund is to help cover the costs of our parent and toddler group. Newday offering fund is to support the youth and youth leaders going to Newday. Other Restricted Funds relate to various individual restricted donations which have been expended during the year in accordance with the restriction on them. Russia support fund is for mission trip to Russia Mission trip fund is to support those who travel abroad on outreach ministry trips. Catalyst offering fund is for the support of the mission and humanitarian relief work of 'Catalyst' registered charity (1150242) and the churches within it's operational sphere. ## 9 Lease Commitments The Charity has a lease on a property at Kennelwood House, AL10 0LG, from 1st April, 2017, until 31st March, 2023, at a cost of £14,353.20 (incl. VAT) per annum, and with an interim review as from 1st April, 2020. At the interim review the trustees and landlord agreed a stepped increase to the rent at £14,353.20 in year one, a 10% increase to £15,788.52 in year two and a 20% increase to £17,223.84 in year three until 31st March 2023 Page 14 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31 AUGUST 2020 ## 10 Events since the year end In July 2019 the Trustees authorised a contribution of £4,000 per annum for 2 years to be made to an individual in support of their missionary work based in Kurdistan. The payments commenced in September 2019 and have continued as the mission is ongoing. The contributions will be reviewed by the Trustees in July 2021 and will be adjusted if necessary. In March 2020 the charity took steps (in line with government advice) to help contain the outbreak of COVID-19. This included the temporary suspension of all physical gatherings and the charity had to curtail, or change, how it operates. The charity was able to continue some of its activities using online media and it hopes to resume physical gatherings in the summer. The trustees have continued to monitor income and expenditure and with free reserves reducing a gift day was held in October 2020 which was generously supported by church members. In November 2020 a staff member took voluntary redundancy. ## 11 Members Each member of the company commits to contribute if the charity is wound up an amount of £10. Page 15 ## THE KING'S COMMUNITY CHURCH HATFIELD TRUST ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES ## FOR THE YEAR ENDED 31 AUGUST 2020 |Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investments
Charitable activities
Other income and endowments
Total income and endowments
EXPENDITURE ON
Charitable activities
3
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward|Total
Total
Funds
Funds
2020
2019
2020
2019
2020
2019
2020
2019
£
£
£
£
£
£
£
£
114,317
113,622
18,680
4,702
132,997
118,323
30
26
30
26
-
2,276
1,480
2,276
1,480
360
260
360
260
Unrestricted Funds - General
Unrestricted Funds - Designated
Restricted Funds| |---|---| ||116,983
115,388
-
-
18,680
4,702
135,663
120,089
139,638
116,106
15,906
6,245
155,544
122,351| ||139,638
116,106
-
-
15,906
6,245
155,544
122,351
-
-
-
-
-
-
-
-| ||(22,655)
(718)
-
-
2,774
(1,543)
(19,881)
(2,261)
-
25
-
-
-
(25)
-
-| ||(22,655)
(693)
-
-
2,774
(1,568)
(19,881)
(2,261)| ||(22,655)
(693)
-
-
2,774
(1,568)
(19,881)
(2,261)| ||38,515
39,208
-
-
21,679
23,247
60,194
62,455| ||15,860
38,515
-
-
24,453
21,679
40,313
60,194| Movements on reserves and all recognised gains and losses are shown above. Page 16