KENSINGTON UNrrED REFORMED CHURCH
ALLEN STREET KENSINGTON
LONDON W8 6BL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Minister
Reverend Sall Thomas
Treasurer
Mrs Gifty Saba
Church Secre
Izumi Nishizono
Assistant Church Secre
David Nyarko
Bankers
Barclays Bank
Lloyds
Inde
endent examiner
M B Boydell FCA
Boydell & Co
Chartered Accountants
146B Chiswick High Road
London
W4 IPU

KENSINGTON UNITED REFORMED CHURCH
REPORT OF THE CHURCH ELDERS
FOR THE YEAR ENDED 31 MARCH 2024
The Church Elders present the annual report with the financial statements for the year
ended March 31st 2024.
Kensington United Reformed Church, one of the constituent churches of the Thames
North Synod 0£ the United Reformed Church is registered as 'Kensington United
Reformed Church Charity, (Charity no:1145107) under the Charities Act (2011).
Princi
al Activities
To provide reguIar acts of Christian worship each Sunday during the year and at
other times in accordance with the liturgical procedures of the United Refornied Church.
To offer pastoral support to church members, members of the congregation and to
those seeking assistance. To provide a friendly welcome to alI visitors to the church.
To Iet the church Meeting Space, sanctuary and halls when available to local
organisations, both charitable and commercial, as a service to the community and also as
a means of suppIementing the income of the church.
To maintain in good order the buildings and equipment of the Kensington United
Refornied Church. To maintain and develop links with other Christian churches through
the Churches Together Kensington and Chelsea and with other faith groups.
To ensure Kensington United Reformed Church is represented at the meetings of the
Thames North Synod of the United Reformed Church and other appropriate councils of
the United Reformed Church.
The EIders have held reguIar meetings during the past year to consider the pastoral care
and the task of maintaining the worship services of the church and the day to day
running of the building and finances.
The Revd Sally Thomas started the ministry of our church on 1st February 2020. Her
ministerial position is jointly held with St Paul's Bayswater URC with a scoping of 75 % .
Minister: Reverend Sally Thomas
Church Secretary: Ms Izumi Nishizono
Treasurer - Mrs Gifty Saba
AssIsta￿t Church Secretary: Mr David Nyarko
Serving Church EIders (2023-24) Mrs Amy Augustin, Mr David Nyarko, Ms. Izumi
Nishizono, Mrs Gladys Osei, Mrs Evelyn Quartey-Papafio, Mrs Gifty Saba, Mrs Sarah
Worburton. Miss Kathy Donaldson (from 26th November 2023)

KENSINGTON UNITED REFORMED CHURCH
REPORT OF THE CHURCH ELDERS
CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Elders
Elders elected are elected to serve by the Church Meeting. Under the constitution of the
Kensington United Refornied Church, Elders wiIl also act as Trustees to the KensingEon
United Reformed Church Charity.
Inde
endent Examiner
Mr M B Boydell FCA
Boydell & Co.
Chartered Accountants
146B Chiswick High Road
London W4 IPU
Bankers - Church
Barclays Bank
Leicester
LE87 2BB
Bankers - Church halls
Lloyds
Kensington High Street
London W8
Financial re
ort
The accounts have been prepared to comply with the requirements of the Charities Act
2011 and the Statement of Recommended Practice for Charities and with the regulations
made under the Church Accounting ReguIations 2006. They are prepared on an accruaIs
basis and they are subject to a report by an Independent Examiner.
Review of this
ear's activities
We continue to hold regular services and meetings in-person. We held one outdoor service
followed by a picnic in Holland Park in July, and a Christmas caroI service in our church in
December. The Christmas Day service and the joint bible study group with St Paul's
Bayswater URC were held every other week on Zoom.
The church attendance at Sunday services has declined since 2020, and is a serious concern.
A variety of groups use our premises. Eden Montessori Nursery holds leases to use the halls
during the week. Other regular hiIers include children's groups, toddler groups, self-help
groups, concert organisers, and two other Christian denominations. There were also a
number of one-off lettings.
The income from hires is doing well and helps our finances. Rooms were Iet to most groups
at a commercial rate, and to self-help groups (Alcoholics knonymous and Gamblers
Anonymous) at a reduced rate. We are pleased to be abIe to support AA and GA in this
way.

KENSINGTON UNrrED REFORMED CHURCH
REPORT OF THE CHURCH ELDERS
CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Review of this
ear's activities
continued
The church decided to apply to the Council for a licence for same-sex marriages in February
2024.
We continue to welcome former members and new visitors to our services. We hope to
develop further and restore congregation growth in prayer.
Future Activities
The EIders wish to focus on:
Improving provision for pastoral care with the help of our minister, the Revd SalIy Thomas,
together with the members of the congregation.
Trying to identify mission and outreach in the local community and implementing them
with the help of our minister.
Making the sanctuary and the Meeting Space available for church-related activities during
the week.
Continuing with the current programme to improve the financial position of the church and
to create a surplus of income over expenditure.
Risk Mana
ement
The Church Elders are continuing to identify major risks which impact on the work of the
church, especially in regard to the security of the church's financial assets.
It was discovered that the columns that support the upstairs gallery are leaning. Similarly,
the height of the balustrade is too low. We have been tying to address these two issues and
hope they could be dealt with in the new fiscal year.
The building project on the adjacent land affects our buiIding. The issues during this fiscal
year were the right to light, and the protection of the 19th century windows during the
digging phase. With help from Rapleys, our surveyor, both issues will be dealt with in the
new fiscal year.
The Elders are mindful that safeguarding procedures in line with the current legislation for
all who work with children must be maintained. A new safeguarding policy replaced the
old one in February 2024.
On behalf of the Church Elders
Izumi Nishizono (Church Secretary/Church EIder)
2024

KENSINGTON UNITED REF0IU￿D CHURCH
STATEMENT OF FINANCIAL AcfIvITIES
FOR THE YEAR ENDED 31 MARCH 2024
Umestricted Restricted TOTAL
Funds
Funds
2024
TOTAL
2013
Notes
INCOME AND E￿)ENDITuRE
INCOMING RESOURCFS
Offerings
Donations and grants
Investment income and interest
Property income
Other income
Income tsx recoverable
(2)
7,592
152
18,728
115,434
7592
152
18,728
115,434
7,536
461
15,235
109,282
1,501
1501
TOTAL INCOMING RESOURCES
143,407
143,407
132519
RESOUR￿5 USED
Ministry & Mission fund contributions
Ministers, expenses & local ministry
l)remises costs
Other expenses
Donations
(3)
34,596
780
67,180
17,496
102
34,596
780
67,180
17,496
102
24,625
1,412
64,311
19,679
500
TOTAL RESOURCES USED
120,154
120,154
110527
NEf INCOMING/(OUTGOING)
RESOUR
23,253
23,253
21,992
GAINS AND LOSSES (note l)
UnreaLised Gain/ (LO￿)
27,883
27,883
(17,264)
NET MOVEMENT IN FUNDS
51,136
51,136
4,728
BALAN￿ bought forward
At l April 2023
566,618
567,666
562,938
BALANCES carried forward
At 31 March 2024
£ 617,754
£ 1,048 £ 618A02 £ 567,666
The notes on pages 6 to 10 form part of these accounts.

KENSINGTON UNITED REFORMED CHURCH
BALANCE SHEET
AT 31 MARCH 2024
Notes
2024
2023
TANGIBLE FIXED ASSEts
(i)
(4)
(5)
Investtnent assets
Church equipment
421,934
3,149
394,051
4,199
425,083
398,250
CURREWf ASSETS
Debtors
Cash at bank
(6)
31,277
167887
30,904
143,759
199,164
174,663
CREDITORS: amounts falling due within
one year
(7)
(5,445)
(5,247)
NET CURRENT ASSET5
193,719
169A16
£ 618,802
£ 567,666
FUNDS
Unrestricted
Restricted
617,754
1,048
566,618
1,048
(8)
£ 618B02
£ 567,666
Approved by the Church EldeTS onuqp ftuFvs1
2024 and signed on their behalf by
Gifty Saba - Treasurer/Elder
Izumi Nishizono - Church Secretary/Elder
The notes on pages 6 to 10 fonn part of these accounts.

KENSINGTON UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL ACTIVITIES
FOR TFtE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Statement of Recognised Practice -
Accounting Eor Charities (2015) and the Church Accounting Regulations 2006.
The financial statements have.been prepared under the histOTical cost convention except for the
valuation of investment assets, which are shown at market value.
Funds
Unrestricted funds represent the funds that are not subject to any restrictions regarding their use and are
available for use in furtherance of the objectives of the Church. Restricted funds are those donated
for use in a particular area or for specific purposes.
The accounts indude all transactions, assets and Iiabilities for which the Elders are responsible in law.
They do not include the accounts of church groups that owe their main affyliation to another body nor
those that are informal gatherings of Church members.
Incomin
Resources
Voluntary income and capital sources..
Collections are recognised when received by or on behalf of the Church.
Planned giving receivable under Gift Aid is recognised only when received.
Income tax recoverable on Gift Aid is recognised when the income is recognised.
Grants and legacies to the Church are accounted for when the Church is notified of its legal entitlement
and the amount due.
Pro
er
income
Rental income from the letting of church premises and the Manse is recognised when the rental is due.
Income from investments
Dividends and interest are accounted for when receivable. Tax recoverable on such incon￿ (if any) is
recognised in the same accounting year.
Gains and losses on investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are
accounted for on revaluation of investments at 31 March.
Resources used
Grants:
Grants and donations are accounted for on an accrnals basis.
Activities directly relating to the work of the Church
The Ministry & Mission contributions are accounted for when payable.

KENSINGTON UNITED REFORMED CHURCH
NOTES TO THE F￿ANCIAL ACTIVITIES
cowrINUED
FOR THE YEAR ENDED 31 MARCH 2024
Fixed assets
Consecrated land and buildings and moveable church fvTnishings:
Consecrated and beneficed property is exduded from the accounts by s.10(2)(a) and (c) of the Charities
Act 2011.
No value is placed on movable church furnishings held by the Elders on special trust for the Church
since the Elders consider this to be inalienable property. All expenditure incurTed during the year on
consecrated or benefice buildings and movable church furnishings, whether maintenance or
improvement, is written off as expenditure in the SOFA and separately disclosed.
Other fixtures fittin
and office e
ui
ment
Equipment used within the church pren)ises is depreciated on a straight-line basis over 4 years except
for individual items of equipment with purchase price of £2,000 or less which are written off when the
asset is acquired.
Investments
Investments are valued at market value at the year end.
Current assets
Amounts owing to the Church at 31 March in respect of fees, rents or other income are shown as debtors
less provision for amounts that may prove uncollectible.
INCOMING RESOURCES
Unrestricted Restricted
Funds
Funds
TOTAL TOTAL
2024
2023
Offerings
Freewill offering scheme
Loose offerings
Income tsx recoverable
4,852
2,740
1,501
4,852
2,740
1,501
4,370
3,166
9,093
9,093
7,536
Donations and grants '.
Charitable donations
Miscellaneous income
Grant received
152
152
461
152
152
466
Investment income and interest
Rental and hirAng income
Other income
18,728
115,434
18,728
115A34
15.235
109,282
134,162
134,162
124,517
TOTAL INCOm￿G RFSOURCFS
143,407
143,407
132,519

KENSINGTON UNrrED REFORMED CHURCH
NOTES TO THE FINANCIAL ACTIvfTIES
CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
Funds
Funds
TOTAL
2024
TOTAL
2023
RESOURCES USED
Ministry and Mission Fund contributions
34,596
34,596
24,625
34,596
34596
24,625
Ministry:
Vtsiting ministers/local ministry
780
1,412
780
780
1,412
Premises costs:
aeaning
Manse Expenses
Heat and light
Insurance
Church building repairs and maintenance
Administration of halls
Council Tax
License fees
Water
13,100
4,168
13,607
7,592
10,414
16,776
1,221
145
157
13,100
4,168
13,6U7
7,592
10,414
16,776
1,221
145
157
15,918
14,773
6,435
11,522
14,188
1,320
155
67,180
67,180
64,311
Other expenses:
Organist, choir and music
Telephone and broadband
Printing. stationery, copier and computer costs
Sundry expenses
Independent examinerfs fee
Professional fees
Book-keeping
Depreciation
3559
IA40
818
634
3,559
4A55
1274
818
751
3,420
5,477
2.000
IAOO
3,540
4,055
2,000
1,050
4,055
2,000
1,050
17,496
17,496
19,679
Donations:
MiscelIaneous
102
102
500
102
102
500
TOTAL RESOURCES USED
120,154
120,154
110,527

KENSINGTON UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL AcfIvITIES
CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT FIXED ASSETS
Market value:
At l April 2023
Additions at cost
Disposals
Net Gain on annual revaluation
394,051
27,883
At 31 March 2024
£ 421,934
The InveStn￿Thts are all quoted on a UK St(￿ exchange.
CHURCH E
UIPMENT
Balance l Apri12023
Additions -
9,659
9,659
Depreciation as at 01 April 2023
Depreciation charge for the year
5,460
1,050
Depreciation as at 31 March 2024
6￿10
Balance 31 MaTch 2024
£3,149
DEBTORS
2024
2023
Prepayments
URC Thames North Trust
603
30,674
1,498
29,406
£ 31,277 £ 30,904
CREDrroRS: AMOUNfs FALL￿G DUE wfIHtN ONE YEAR
2024
2023
Accruals
Other Creditors
3,420
1,827
1,905
£ 5,445
£ 5,247

10.
THE KENSINGTON UNITED REFORMED CHURCH
NOTES TO THE FINANCIAL ACfIVITIES
CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
RFSTRICTED FUNDS
Movements on restricted funds during the year were as follows:
Funds:
B/f Received Expended Transfer
C/f
Bursary Fund for Young peoples,
Christian education/ conferences
Fund from funerals for church niission
849
199
199
£ 1,048
£ 1,048
DEVELOPMENT OF CHURCH BUtLDINGS
Kensington United Refornied Church and Church Hall are owned by URC Thames North Trust,
a registered charity, number 1022551. Kensington United Reformed Church (through its EIders)
is responsible for maintaining the premises and it is perniitted to retain any rental income
derived therefro
Monies accruing to the building development are held on behalf of Kensington United
Refornied Church by the URC Thames North Trust.
The financial statements record the income from letttngs and the adniinistration and
maintenance costs and the cost of furnishings and equipment.
10.
THE
ENKINS LEGACY
URC Thames North Trust has been holding funds derived from "The Jenkins Legacsrf,.
Following discussions with them and because they hold these funds on trust for Kensington
United Refonned Church, it was agreed that the fu￿dS held by them as at l April 2009
amounting to £ 34,264 should be treated as income in the financial statements as at that date and
they would be included as debtors. Interest arising and admi￿tratiOn charges from that date
are induded in the Statement of Financial Activities.
11.
CFIURCH ELDERS EMOLUMENTS
Two of the church elders received emoluments during the year for their senTices. The church
secretary, Izumi Nishizono received a6,776 (2023 £14,188) for the administration of the hall
lettings and the church treasurer, Gifty Saba received £ 2,000 (2023 £2,000) for book-keeping
services.

11.
THE KENSINGTON UNITED REFORMED CHURCH
INDEPENDENT EXAMINER'S REPORT TO THE ELDERS OF
KENs￿GTON UNITED REFORMED CHURCH
This report on the accounts of the Church for the year ended 31 March 2024, which are set out on
pages 5 to 10, is in respect of an examination carried out in accordance with the Church Accounting
Regulations 2006 ("the Regulations") and section 145 of the Charities Act 2011 ("the Act").
Res
ective res
onsibilities of trustees and examiner
The Church Elders as Charity Trustees for the Church are responsible for the preparation of the
accounts. They consider that the audit requirement of the ReguIations and section 144(2) of the Act
does not apply and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act and the Regulations.
to follow procedures laid down in the general Directions given by the Charity
Commission under section 145(5)(b) of 2011 Act. and
to state whether particular matters have come to my attentio
Basis of this re
ort
My exarnination was carried out in accordance with the General Directions given by the Charity
Commissioners. That examination includes a review of the accounting records kept by the Church
Elders and a comparison of the accounts with those records. It also indudes considering any
unusual items or disclosures in the accounts and seeking explanations from the Elders as trustees
concerning such matters. The procedures undertaken do not provide all the evidence that would be
required in an audit, and consequendy I do not express an audit opinion on the view given by the
accounts.
Inde
endent examinerfs statement:
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable cause to believe that in any material respect the requirements to keep
accounting records in accordance with section 130 of the 2011 Act, and to prepare accounLs which
accord with the accounting records and to comply with the re(￿lrernents of the Act and the
Regulations have not been met. or
{2} to which, in my opinion attention should be drawn in order to enable a proper understanding
of the accounts to be Teached.
M B Boydell FCA
Boydell & Co
Chartered Accountants
146B Chiswick High Road
London
W4 IPU
ql'l
2024

12.
THE KENSINGTON UNITED REFORMED CHURCH
APPENDIX TO THE STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
The following Inforn￿tiOn regarding the Church Halls and Nursery is included in the property
income and expenditure shown in the Statement of Financial Activities on page 4 of the financial
statements.
Income
2024
2023
Hall lettings
115,434
109,282
enditure
Administration- by self employed individuals
Cleaning
Manse expenses
Independent examination and accountancy (20 % proportion)
Insurance (say 20°k proportion)
Council Tax
Heating & lighting (say 50°A proportion)
Repairs and maintenance (say 50°A proportion)
Telephone
16,776
13,100
4,168
14,188
15,918
684
1,287
lJ20
7B87
5,761
1,274
1,518
1,221
6,804
5,207
1,840
51 J42
47,819
PROFIT of income over expenditure re Halls
£ 64,092
£ 61,463