Charity registration number: 1151701 King's Church Iver Annual Report and Financial Statements for the Year Ended 31 March 2024
King's Church Iver Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Iiidependent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t014
King's Church Iver Reference and Administrative Details Trustees Mr John Plaskett Mr Peter Darkins Mrs Sharon Plaskett Mr Jame5 Vigurs Mr Peter Walters Mr Wi Iliam Torrent Charity Registration Iyumber 1151701 Principal Office West Square Iver Buckinghamshire SLO 9NW Independent Ex*miner AGHS Accounting And Taxation Services Limited Chartered Accountants 14 Progress Business C.enlre Whittle Parkway Slough Berkshire SLI 6DQ Page I
King's Church Iver Trustees, Report The trustees present the annual report together with the financial slatements of the charity for the year ended 3 March 2024. Objectives And aetivities Objects and aims The charities obje¢lives are ihe advhncement of the Christian faith, to advance education and to carry out other charilable purposes in the UK andlor other parts of the world. Objectlves, ,stralegies and actlvliles The main activities undertaken by the charity are the running of a Christian non-denominational church open to all, providing eliaritable donations lo other orgaiiisalions and providingy outreach and support lo the local community. Publlc benefll The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has beeii provided by.. Providing regular public worship open to all Conducting pastoral work Teaching c.hristianity through sermons, courses and small gyroups Proinoting the whole mission of the church through a¢livities for senior citizens, parents and toddlers and various other gyroups Supporting other charities in the UK and overseas Structure? governlnce and management Nalure ofxovernlnx d.men¢ The Charity is governed by its constitution adopted 12 July 2012 and subsequently amended 19 November 2013. Recrnltmenl ond appolnlmenl of truslee.f The King's Church Iver conslilulion slates that an elder is autoinatically a trustee unless disqualified by slatute. Existing elders recommend the appointment of any new elderltrustee from within the ehurch membership. This recommeiidation is taken to an ordinary chiirch meetingy and voted on by the church membcrs. Page 2
King's Church Iver Trustees, Report (continued) Aehievements and performance The Church Building We want our church buildingy lo be used regularly and consequently it is open daily for church activities or for member5 of the public to drop in. We do not have a pastor. but the building is manned by our two part time staff and other volunteers. Activities During the week the building is primarily used by the church for prayer meetings, bible study groups, mother and toddler groups, a weekly café, and a fortnightly fcx)d bank. The church building is also used by other non Christian groups when ihe building is available. Pasioral Care Helping those in need is a demonstration of our faith and the church as a whole is ¢ommilted lo providing pasioral care to individuals and groups, bringing in special ists when needed. Mission and Outreach The church actively supporl UK and international charities and individuals to further their work in showing God's love and spreading the Christian message. FlnAneial review The church funds are predominately unrestricted and received from the church members and others. These donations are reieived directly to the church bank ac¢ount or via colleclions al church services, church events and payments for Ihe hire of the church hp411. Income for the year inureased to £105.693 12023.. £92.717). Costs reduced in the year 10 £82,073 (2023.. £85.213). In the year the SLirplus for the year was £23,620 (2023.. £7,504). Polity on re,ferves At the end of the year tlie Church had reserves of £199,003 12023.. £175,383).. Tlie ¢hurch aims to maintain m iniinum reserves of approximately three months fixed costs lo ensiire that expenses can be mel in the event of a redu¢tion in giving. The church has no ¢urrenl plaiis for Ihe remainder of the reserves. The church invests surplus Cash by placing il on fixed deposit or in lo a savings account. Use of volunteers The church, apart from a part time administrator and a part time outreach co-ordinatorladminislrator, is completely managed and mn by volunteers. We would like lo thank all the volunteers who work so hard lo make our church the lively, vibrant and loving community it is. Page 3
King's Church Iver Trustees, Report (continued) Plans for future periods Aims and key objeclivesforfutureperiod. The church intends to continue its current activities in the coming year and to find additional ways lo show God's love and compassion to each other. all who we coine in to contact with and lo ihose in ihe local community and surrounding areas. The annual report was approved by ihe trustees of the charity on and signed on its behalf by.. Mr John Plaskell Trustee Page 4
King's Church Iver Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial staiemenls in accordRnce with the United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the Irustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, Ihe trustees are required to.. select suitable accounting policies and then apply them con5iStently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudenl. slate whether applicable accouiiting standards have been followed. subject io any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in busine5S. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime Ihe financial position of the charity and enable them to ensure that the financial statemenls comply with the Charilies Act 2011, the Charities {Accounls and Reports) Regulations 2008, and the provisions of the constilulion. The trustees are also responsible for safeLvuardin¥ the asse15 of the charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial informati included on the charitable ¢ompany's website. l.egislali(M g?overning the preparation and dissemination of financial stateinents may differ from legislation in oiher jurisdictions. Approved by the Iruslees of Ihe charity on l.*and sig?ned on ils behalf by.. Mr John Plaskett Trustee Page 5
King's Church Iver Independent Examiner's Report to the trustees of King's Church Iver I report to the trustees on my examination of the accounts of King's Church Iver for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of King's Church Iver you are responsible for the preparation of ihe accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the King's Church Iver's accounts Carried out under section 145 of the 201 l Act and in carrying out my examination I have followed al I the applicable Dire¢¢ions given by the Charity Comniission under section 14515)(b) of the Act. BA5is of independent examiner's report My examination was carried out in accordance with the general Direction given by the Charity Commission. An examination includes a review of the acwunling records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees ¢oncerningi any such matters. The procedures undertaken do not provide all the evidence that would be required in an audil and eonsequenily iio opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the slalem¢nl below. Independent examiner's Statement I have completed my examinalion. I confirm that no malerial matters have come lo my attention in connection with the examination givinbF me cause lo believe Ihal in any material respect.. accounting records were not kept in respect of King's Church Iver as required by Section 130 of the Act; or 2. the accounls do not a¢cord with those records. or 3. the accounts do not comply with the accountin&y requirements concerning the form and content of a¢counis sel out in the Charities (Accounts and Repor15} Regulations 2008 other than any requirement thal Ihe aicounls &yive a 'true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come a¢r05s no other matters in connection wilh the examination to which altention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Richard Parsons AGFIS Accounting and Taxation Services Limited c.hartered Accountants 14 Progress Business Centre Whittle Parkway Slough Berkshire SLI 6DQ Page 6
King's Church Iver Statement of Financial Activities for the Year Ended 31 March 2024 Unrestricted funds Restrieted funds TotAI 2024 Note Ineon)¢: Donations, legacies and other income Investment income 94.167 4,531 6.995 101.162 4,531 Total income 98,698 6,995 105,693 Expendilure on: Charitable activities 75.568 6,505 82,073 Total expenditure (75,568 6,505 (82,073 Nel income 23,130 490 23,620 Nel movement in funds 23,130 490 23,620 ReconcillatS(m of funds Total funds brought forward Total funds carried forward 175.383 175,383 12 198,51.3 490 199.003 Ilnrestrie¢ed fund5 Restricted runds Total 2023 Note Income: Donations, legacies and other income Investinenl inconic 86,144 488 6,085 92,229 488 Total income 86,632 6,085 92,717 Expenditure on: Charitable activities 6,085 85.213 Total expenditure Net income 79,128) (6,085) (85,213 7,504 7,504 Net movement in funds 7,504 7.504 ReconciliAtlon of funds Total funds brought forward Total fund5 carried forward 167,879 167,879 12 175,383 175,38.3 All of the charity's activities derive from continuing operations during the above two periods. The notes on pages 9 10 14 form an integral part of these financial statements. Page 7
King's Church Iver (Registration number: 1151701) Balance Sheet as at 31 March 2024 2024 2023 Iyote Fixed assets Tangible assets 7.758 1,339 Current ass¢¢s Debtors Cash al bank and in hand 10,359 194,336 8,354 165,106 10 204,695 173,460 Creditors: Amounts falline due within one year Net current 4s$ets (13,450) (9,416) 191.245 164,044 Iyet ass¢ts 199,003 175,383 Funds of the charlty: Restricted Income funds Restricted funds 490 Unrestricted income funds Unrestricled funds 198,513 175,38.3 Tot&1 funds 12 199,003 175,38.3 The financial statements on pa&Fes 7 to 14 were approved by the trustees, and auihorised for issue on *and signed on Ilieir behalf by.. Mr Johi) Plasketi Trustee The noles on pages 9 to 14 form an integral part of these financial statements. Page 8
King's Church Iver Notes to the Financial Statements for the Year Ended 31 March 2024 A¢counting policies Statement of compliance The fiiiancial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice appl icable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019) - (Charities SORP {FRS 102)}, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation King's Church Iver meets the definition of a public benefit entily under FRS 102. The accounts {financial statements) hRve been prepared under Ihe historiLal cost convention with items rognISed at ¢0St or transaction value unless otherwise slated in the r¢l¢vanl notels) lo these accounts. Going concern The trustees consider that there are no material uncertainties about the charity's ability lo Continue as a going concern. Ineome and endowm¢nls Al l incoine is recognised in the statement of Financial Activities once the charity has enlillement lo the funds, it is probable thai Ilie income wil I be received and the amounl Lan be measured reliably. Donuled.servlces and]uL'lll¢les WherL serviLes or f<iCi lilies are provided lo the charity as a donation Ihal would normally be purchased from our suppliers, this benefil is included in the financial slatemenls al il's f&ir value unless it's fair value cannot be realiably measured, then al the cost to the donor or the resale value of goods that are lo be 501d. Expenditure Liabilities are recogTrnised as expenditure a5 SIK)n as there is a legal or constructive obligation committing the charity to that expeiiditure, it is probable that a transfer of economic benefits will be required in settlement and the ainount of obligialion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Charilable aclivilie.s Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitie5 and services for its beneficiaries. It includes both cost5 that can be allocated directly lo such activities and those G05ts of an indirect nature necessary to support them. ,gupporl c031.5' Support costs are ihe central costs incurred by the Church. Governance costs These include the costs attributable to the charily's compliance with constitutional and statutory requirements. Page 9
King's Chureh Iver Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Tgxation The charity is exempt from tax on its charitable activities. Tangible fixed *ss¢t$ Depreciation is provided on tangible fixed assets so a5 lo write off the cosl of each asset over its expected useful economic life as follows: Asset cl#ss Furniture & equipment Computer equipment Depr¢ciation method gnd rate 250/0 on cost Fund structure Unrestricted income fiinds are general fiinds thal are available for use at the trustees, discretion in furtherance of the objectives of ihe charity. Restricted funds can only be used for particular restricted purposes wiihin the obje¢ts of the charity. Reslrictions arise when specified by the doiior or when funds are raised for particular restri¢ted purposes (e.g. in the case of a collection towards a specific charitable aim). Designated fund5 are unrestricted funds earmarked by ihe Trustees for particular purposes. There are curr¢ntly no designated funds. 2 Income from donations And legAcles Unreslrieted Total 2024 Total 2023 General Restricted Regular giving and capital donations Hall hire Other income Gift aid reclaimed 77.581 681 547 6,353 83,934 681 547 16,000 84,241 836 487 6.665 642 94,167 6,995 101,162 92,229 3 Investment ineome Unrestricted funds General Tot&] funds Interest receivable and similar in¢ome- Interest receivable on bank deposits Total for 2024 4,531 4.531 4,531 4,531 Total for 2023 488 488 Pagelo
King's Church Iver Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 4 Analysbs of governAnee 4nd support costs Support costs alloc4ted to charitable aetivities GoverDanee costs Other support costs Tot41 2024 Total 2023 Staff costs Church Running Costs ,500 31,991 1,003 34,494 36,283 Unreslrieted funds G¢ner*l TotAI funds Independent examiner fees Examination of the financial statements 1,500 1,500 Total for 2024 1,500 I,.$00 TotAI for 2023 1,440 1,440 All support costs are considered to relale to the running of the church. Consequenily no Support costs are allocated lo charilablc donations, 5 Net Ineomingloutgoing resources Nel incoming resources for ihe year include,. 2024 2023 Depreciation of fixed assets Amounls payable to the Independent Examiner for the Independent examination of the accounts 3.532 4.178 1,500 1,440 Pagell
King's Chureh Iver Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Trustees, remunerglion and expenses Mr James Vigurs received remuneration of £1.980 {2023'. £1,840) during the year. Mr Vigurs, remunerati. which is in respect of preaching and worship leadin& was approved by the members in l ine with ihe charity's constitution. Trustees are reinibursed for the out-of-pocket expenses ihey incur on behalf of the Church on, for example. stationery, catering costs and equipinent purchases. Expenses reimbursable lo trustees during the year totalled £173 a¢r055 two trustees12023: £3,201 across four trustees). The balance of expenses payable to trustees ai the year end total led £Ni l (2023.. £Nil). No trustees have received any other benefits from the charity during the year. 7 St&ff costs The aggregate payroll costs were as follows: 2024 2023 Wages and salaries Pension costs 31,706 285 33,348 504 31.991 3.1,852 The monthly averagie nuinber of persons (including senior manageinent team) employed by the charity during Ihe year was a5 follows.. 2024 2023 Administration and support 1 {2023 - 2) of the above employees participated in the Defined Contribution Pension Scheme. No employee received emoluments of more than £60,000 during the year Page 12
King's Church Iver Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 8 TAngible fjxed assets Furniture and ¢quipment Computer equipm¢nl Total Cost Al l April 2023 Disposals 47,6.19 2,940 2,980 50,619 2,940 Ai 31 March 2024 44,699 2.980 47.679 DepreciAtion Al l April 2023 Charge for the year Eliminaled on disposals At 31 March 2024 36,678 3.162 2,891 2.602 370 -19,280 .3.532 2,891 36,949 2.972 39,921 N¢t book value At 31 March 2024 7,750 7,758 Ai 31 March 2023 10,961 378 11.339 9 Debtors 2024 2023 Trade debtors Prepayinents and accrued income Other debtors 70 10,276 8,354 10,359 8,354 10 Cash And cash equivthlenty 2024 2023 Cash on hand Cash at bAnk Shorl-term deposils 26,833 167,500 10.103 155,000 194,336 165,106 Page13
King's Church Iver Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) I I Creditors: amounts falling due within one year 2024 2023 Trade creditors Other laxalion and social security Other creditors Accruals and deferred income 1,158 1,153 1,026 10,113 346 1,054 1,152 6,864 9,416 12 Funds Balance at I April 2023 Ineoming resources Resources expended B&lAnee a131 Mirch 2024 Unrestriel¢d funds General 175,383 98,698 (75,568) 198.513 Restricted funds 6,995 6,505) 490 TolAI funds 175,383 105,693 (82,073 199,003 13 Analysis of net ass¢t$ between funds Unrestrieled Gener41 2024 Total ftsnds 2024 Tangible fixed assets Current assets Current liabilities 7,758 204,695 13,450 7,758 204.695 13,450 Total net assets 199,003 199,00.3 Unrestricted General 2023 Total funds 2023 Tangible fixed assets Current assels Currenl liabi lities 11.339 173,460 9,416 173,460 9,416 Total nel as5els 17.5,383 175,383 Page 14
King's Church Iver Statement of Financial Activities by fund for the Year Ended 31 March 2024 Total Total Unrestricted Unrestricted Funds Funds 2024 2023 Income And Endowments from: Donations and legacies Investment incom¢ 94,167 4,531 86,144 488 Total income 98,698 86,632 Expenditure on: Charitable a¢iivities 75,568 79,128 Total expenditure (75.568) (79,128) Net income 23.130 7.504 Net movement in funds 23,130 7,504 Reconciliation of funds Total funds brought forward Total funds carried forward 175,383 167,879 198,513 175,183 This page does not form part of Ihe statutory financial statements. Page 15
King's Church Iver Statement of Financial Activities by fund for the Year Ended 31 March 2024 (continued) Total Restricted Funds 2024 Totsl Restricted Funds 2023 Income and Endowments from: Donation5 and legacies 6,995 6,085 Total income 6,995 6,085 Expenditure on: Ch(Irilable activities (6,505) 6,085) Total expenditure 6,505 6,085 Net income 490 Reconciliation of funds Tolal funds carried forward 490 This page does not form part of the statutory financial statements. Page16
King's Church Iver Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Totxl 2023 Ineom¢: Donations, legacies and oiher income (analysed below) Investment income (analysed below) 101,162 4,531 92,229 488 Total income 105,693 92.717 Expenditure on: Charitable activities {analysed below) Toial expenditure 82.073 85,213 82,073) (85,213 Net income 23.620 7,504 Net movement in funds 23.620 7,504 Reconciliation of funds Total funds brought forward 175,383 167,879 Toial funds carried forward 199.003 175,383 This page does not form part of ihe statutory financial statements. Page 17
King's Church Iver Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued) Total 2024 Total 2023 Donu¢ions and legaci Donations Donations (restricted funds) Gift Aid tax re¢laimed Gift Aid tax reclaimed (reslricted fund) Hall hire Other income 77,581 6,353 15.358 642 681 547 78,2} 5,951 6,531 134 836 487 101.162 92,229 Investment Inc(pme Interest on cash deposits 488 488 Charl¢able acllvities Wages and salaries Staff pensions Light, heal, power and water rates Insuraiice Repairs. maintenance and equipment Telephone and internet Outreach Meeling and activity costs Printing. poslage and stationery Subscriptions and publications Hire of liall Tithes and donations Restricted fund costs Training expenses Cleaning and sundry costs Travel and subsistence Advertising and website Coimpuler costs Enterlaining and gifts Payments to Trustees Recruitment advertising Profe55ional fees Bank charges Profit/(loss) on disposal of tangible fixed assets Deprecialion of fixtures and fittings Staff entertaining (31,706) {285) {1,113) (1,002) (1,587) (626) (4,445) (5.017) (1,324) (1,328) (4,859) {10,794) (6,505) (231) (1,784) (78) (457) (1,278} (1,079) (1,980) (33,348) 1504) {1,477) {991) {2,951) 1589) (4,660) (6.290) (870) (1,023) (3,458) (8,756) (6,085) (180) (1,972) (1.723) (1,275) (825) (1,840) (250) (529) (84) (70) 946 (3,532} {135} (4,177) This page does not form part of the 51atutory financial slalements. Page18
King's Church Iver Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued) Total 2024 Total 2023 A¢countaDCy fees (1,500) 1,440) (82,073) (85.213) This page does not form part of the statutory financial statements. Page 19