Charity regislration number: 1151701 King's Church Iver Annual Report and Financial Statements for the Year Ended 31 March 2025
King's Church Iver Contents (continued) Reference and Administrative Details Trustees, Report 2to3 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Noles to the Financial Statements 8t0 13
King's Church Iver Reference and Administrative Details Trust¢¢s Mr John Plaskett Mr Peter Darkins Mrs Sharon Plaskett Mr James Vigurs Mr Peter Waliers Mr William Torrent Charlty Registratlon Number 1151701 Prlnclpal Offlee West Square Iver Buckinghamshire SLO 9NW Independent Examlner AGHS Accounting ajid Taxation Services Limited Chartered Accountants 14 Pr()gress Business Centre Whittle Parkway Slough Berkshire SLI 6DQ Page I
King's Church Iver Trustees, Report The truslees present the annual report togeiher with the financial statements of the charity for the year ended 31 March 2025. Introducllon King's Church Iver is a Community of believers who serve Jesus in Iver and beyond. showing His love to those around us. As a church family we want to pui Jesus at the ¢enlre of who we are and what we do. This means that everything we do as a church family is done with Jesus, through Jesus. and for Jesu& Objectlves and Acilvllles The charities objectives are the advancement of ihe Christian faith, to advance education and to carry out oiher charitable purposes in the UK and/or other parts of the world. The key activities undertaken by the charity are: Weekly Sunday services with worship. Bible teaching and children's and youth ministry Prayer meetings Bible study groups Supporting local families through our Love Your Neighbour food program The Hub. mother and toddler group King's PlaGe a café for older members of the church and local Community Providing pastoral support A¢hlevements and performance The Church Bulldlng We want our churLh building to be used regularly and consequently it is open daily for church activities or for members of the publi¢ to drop in. We do not have a pastor, but Ihe building is manned three days per week by our part time member of staff. Actlvl(le$ 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 food bank. The church building is also used by other non Christian groups when the building is available. Pasloral Care Helping those in need is a demonslralion of our faith and the church as a whole is committed to providing pastoral are to individuals and groups, bringing in specialists when needed. Mlsslon nttd Outreach The church actively 5UPPOrt UK and international charitie5 and individuals to further their work in showing God, love and spreading the Christian message. Publle beneflt When planning the church's activities, the truslees have considered the Charity Commission's guidance on public benefit and, in particular, the specifi¢ guidance on charities for the advancement of religion. The trustees consider that Ihe charity 15 fulfilling its requirement to deliver a public benefit. Stru¢ture? govern4nce and mAnagemtnt Nalure ofgovernlng document The charity is governed by its constitulion adopted 12 July 2012 and Subsequently amended 5 March 2025 Page 2
King's Church Iver Trustees, Report (continued) Reerullment and appolntment of truslees The King's Church Iver constitution stales that an elder is automatically a trustee unless disqualified by statute. Existing elders recommend the appointment of any new elder/trustce from within ihe church membership. This recommendation is taken to an ordinary church meeling and voted on by the church members. Flnancial revlew The church funds are predominately ut)restricled and received from the cliurch members and oihers. These donations are received directly to the church bank account or via collections at church s¢rvices, church events and payments for the hire of the church hall. Income for the year reduced to £96,186 (2024: £105,693). Costs reduced in the year to £69.591 (2024: £82.073). In the year the surplus for the year was £26.595 (2024.. £23,620). Pollcy on reserves Ai the end of the year the church had reserves of £225,598 (2024.. £199,003). The church aims lo maintain minimum reserves of approximately three months fixed costs to ensure that expenses can be met in the event of a reduction in giving. The church has no current plans for the remainder of the reserves. The church invests surplus cash by placing il on fixed deposit or into a savings account. Use of volun¢eers The church, apart from a part lime administraior is completely managed and run by volunteers, We would like to thank all the volunteers who work so hard to make our church the lively. vibrant and loving community il is. Plans for future perlod$ Alnts and key objectlvesfnrfulure perlods The Church intends to continue ils Current activities in the coming year and lo fiiid additional ways lo show God's love and compassion to each other, to those in the local ¢ommuiiity and surrounding areas and to all who we come in to contact with. The annual report was approved by the trustees of the charity on ....,,, and signed on its behalf by., Mr John Plaskett Trustee Page 3
King's Church Iver Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, repoit and the financial slatements in accordance with the United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prep2tre financial statements for each financial year which give a true and fair view of ilie state 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. the trustees are required to: select suitable accounting policies and then apply them consistenily. observe the methods and principles in the Charities SORP. malce judgements and estimates that are reasonable and prudent. state whether applicable accounling standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charity will continue in business. The trustees are respoiisible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 201 I, the Charities (Accounts and Report5) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregyularities. The trustees are responsible for the maintenance and inteLrity of the corporate and financial information included on the charitable company's website. Legislation governing the pr¢paralion and dissemination of financial Statements may differ from legislation in other jurisdictions, Approved by the trustees of the charity on c>¥.14.l.u . and signed on its behalf by.. Mr John Plask¢tt Trustee Page 4
King's Chureh Iver Independent Exanjiner'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 2025. Responslbilities and basls of report As the charity trustees of King's Church Iver you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act,). I report in respect of my examination of the King's Church Ivevs accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Kb) of the Act. Basls of independent examlner's report My examination wa5 carried out in accordance wilh the general Direclion given by ihe c.harity Commission. An examination includes a review of the accounting 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 ihe accounts and s¢eking explanations from ihe trustee5 concerning any such marters. 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 accounls present a 'true and fair view, and the report is limited to those matters set out in the slatement below. Independent examlner's statement I have completed my examinalion. I confirm that no material matters have come to my attention in connection with the examination giving Ine cause to believe that 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 accounts do not accord with those records. or 3. the accounts do nol comply with the accounling requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounls give a 'true and fair view, which is not a matter considered as part of an independent examination. 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 lo eiiable a proper understanding of the a¢¢ounls lo be reached. Mr Richard Parsons AGHS Accountirbg and Taxation Services Limited Chartered Accountants 14 Progress Business Centre Whittle Parkway Slough Berkshire SLI 6DQ Dale.. Page 5
King's Church Iver Statement of Fiiiancial Activities for the Year Ended 31 March 2025 Unrtstricled funds Restrlettd funds Tol41 2025 Iyote Income: Donations, legacies and other income Investment income 88.319 2,040 90,359 Total income Expenditure on: Charitable activities Total expenditure .(67,551 Net income Net movement in funds Reconclllatlon of funds Total funds broughi forward Total funds carried forward 198513 490 199,003 12 225 108 490 225,598 Un r¢$lrlcted funds Restrlcted thnds Total 2024 Note Income: Donations, legacies and other income Investment income 94,167 6,995 101.162 Total income 105 693 Expendltur¢ on: Charitable activities 75 568) 6,505)_ L82 073J Total expenditure Net income 23,130 490 23,620 Net movement in funds 23,130 490 23,620 Reconclliatlon of funds Total funds brought forward Tolal funds carried forward 175 383 175 383 12 198,513 490 199003 All of the charity's activities derive from continuing operations during the al)ove two periods. The notes on pages 9 to 13 fonn an integral part of these financial statements. Page 6
King's Clivrch Iver (Registration number: 1151701) Balance Sheet as at 31 March 2025 2025 2024 Note Flxtd ass¢ts Tangible assets 13,532 7,758 Current assets Debtors Cash at bank and in hand 10.943 208.754 219.697 10,359 194,336 204.695 io Credltor$: Amounts falllng due wlthln one year Net current assets 7.631 13 450J 212,066 191,245 Net assets 225 598 199003 Funds of the charlty: Restrleted Income funds Restricted funds 41X) 490 Unrestrlcl¢d Income funds Unrestricted funds 225 108 198 513 TotAI funds 12 225 598 199003 The financial slatcmenls on pages 7 10 14 were approved by the trustees, and authorised for issue on Oi and sigiied on their behalf by.. x)x Mr John Plaskett Trustee The notes on pages 9 10 14 forni an integral part of these financial slatement5. Page 7
King's Church Iver Notes to the Financial Statements for the Year Ended 31 March 2025 l Accounting pollcles Statement of eompllanee The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Siatement of Recominended Practice applicable to ¢harilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) (Charities SORP IFRS 102)}, the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 102) and the Charities Act 2011. Bas1$ of preparatlon King's Church Iver meets the definition of a public benefit entity under FRS 102. The accounts (financial statemenls) have been prepared under the historical cost convention with items recognised at ¢osl or transaction value unless otherwise stated in the relevant note(s) to these accounts. Golng eoneern The trustees consider that there are no material un¢ertainties about the charity's ability to continue as a goin8 concem. Ineome and endowments All incoine is recognised in the Sialement of Financial Actlvilies once the charity has entitlement to the funds, it is probable that the income will be received and the amount Can be measured reliably. Donaled servlces andfacllltles Where services or faiililie5 are provided to ihe charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold, Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditu, it is probable that a transfer of economic benefits will be required in settlement and the amount of obligation can be measured reliably. Expenditure is accounled for on an accNals bAsis and has been classified under headings that aggregate all cost related to that category. Charilable aclivliies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Supporl cosls Support costs are the central costs incurred by the Church. Governance eosts These include the costs attributable lo the charity's compliance with constitutional and statutory requirements. Page 8
King's Churcli Iver Notes to tlie Financial Statements for the Year Ended 31 March 2025 (continued) TAxAtion The charity is exempt from tax on its charitable activities. Tangible flxed 4¢¢8 Depreciation is provided on tangible fixed assets so as to write off the cost of each assel over its expected useful economic life as follows.. Asset ela$s Furniture & equipment Compuler equipment Depreeiation method Ind rate 100/0. 20 /0 & 250/0 on cost 250/0 on Cost Fund strueture Unres¢ricled income fund$ are general funds that are available for use at the trustees, discretion in furtherance of the obje¢lives of the charity. Restricted funds can only be used for parlicular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes {e.g. in the Case of a Collection towards a specific charitable aim). Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. There are currently no designated funds. 2 Income from donltlons and legacles Unrestrlcted Total Total 2024 General Restrleted Regular giving and capital donations Hall hire Other income Gift aid reclaimed 76.494 857 2,010 78,504 857 427 83,934 681 427 10,541 547 16,000 101 162 30 3 Investment Income Unr¢$tricted funds General Total funds Interest receivable and similar income. Interest receivable on bank deposits Total for 2025 5.827 Total for 2024 Page 9
King's Church Iver Notes to the Finaneial Statements foi" tlie Year Ended 31 March 2025 (continued) 4 Analysls of governane¢ 4nd support eo$ts Support Costs 4llocAted to charl¢able activlil¢$ GovernAnce Costs Other support costs Total 2025 To¢AI 2024 Staff eosls Church Running Costs .500 23.922 1,048 34.494 Unrestrlcted funds Gener41 Total funds Independent examiner fees Examination of the financial statements Total for 2025 Total for 2024 All support ¢ost5 are considered to relale to the running of ihe church. Consequently no support costs are allocated to ¢harilable donations. 3 Net Incomlngloutgolng resourees Net incoming resources for the year include: 2025 2024 DepreLiation of fixed assets Amounts payable lo the Independent Examiner for the Independent examination of Ihe ac¢ounts 2,606 3,532 Page 10
King's Church Iver Notes to the Financial Statements for the Year Ended 31 March 2025 (Continued) 6 Trusttts, remuneralion and expense5 Mr James Vigurs received remuneration of £1.900 (2024: £1.980) during the year. Mr Vigurs, remuneration, which is in respect of preaching and worship leading. was approved by the members in line with the charity's constitution. Trustees are reimbursed for the out-of-pocket expenses ihey incur on behalf of the Church on, for exaniple. stationery, catei'ing ¢osts and equipment purchases. Expenses reimbursable to trustees during the year totalled £665 across three trustees {2024'. £173 across two trustees). The balance of expenses payable to trustees at the year end tolalled £Nil12024: £Nil), No trustees have received any other benefits from the charity during ihe year. 7 St4ff costs The aggregate poyroll costs were as follows: 2025 2024 Wages and salaries Pension costs 23.740 182 31,706 285 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows: 2025 No 2024 Administration and support 1 (2024 - 1) of the above employees participated in the Defined Contribution Pension Scheme, No employee received emoluments of more than £60.000 during the year Pagell
King's Church Iver Notes to the Financial Statements for the Year Ended 31 Mareh 2025 (continued) 8 Tangible fixed assets 'urniture and equipment Computer equlpment Total Cost At l April 2024 Additions Disposals 44,699 8,381 2,980 47.679 8,381 1.987 At 31 March 2025 Depreclatlon At l April 2024 Char&ye for the year Eliminated on disposals 36,949 2,599 Jl,9871 2.972 39.921 2,607 At 31 March 2025 Net book value Ai 31 March 2025 Ai 31 Mar¢h 2024 9 Debtors 2024 Trade debtors Prepayments and accrued income Other debtors 70 10,276 13 1,995 l O Cash And cash equlv*lent8 2025 2024 Cash on hand Cash at bank Short-term deposits 13.754 26,833 167,500 194 336 208 754 Page 12
King's Church Iver Notes to the Financial Statements for the Year Ended 31 MArch 2025 (continued) 11 Creditors: amounts falling du¢ wlthin one year 2025 2024 Trade Creditors Other taxation and social security Other creditors A¢¢rua15 and deferred income 445 1,158 ,153 1,026 5.475 12 Funds Balance at I Aprll 2024 Incomlng resources Resources expended Balance at 31 March 2025 Unrestrlcted funds General 198,513 94.146 {67,551) 225.108 Restrlcl¢d funds 490 490 Total fund$ 199003 225 598 13 Analysls of net asse¢8 between funds Unrestrlcted General 2025 Total funds 2025 Tangible fixed assets Current assets Current liabilities 13,532 219.697 13,532 219.697 Total net assets 225 598 Unres¢ric¢ed General 2024 225 598 Total funds 2024 Tangible fixed &8sets Current assets Current liabilities 7,758 204.695 7,758 204,695 Total net assets Page 13
King's Church Iver Statement of Financial Activities by fuiid for tlie Year Ended 31 March 2025 Total Total Unrestricted Unrestricted Fund5 Funds 2025 2024 Income and Endowments from: Donations and legacies Investment income 88,319 5.827 94,167 Total income Expendlture on: Charithble activities Total expenditure 67 5511 75 568 Net income Net movement in funds 26.595 23.130 R¢conclllAtlon of funds Total funds brought forward 198,513 175 383 Total funds carried forward 225 108 198 513 This page does not form part of the statutory financial slatements. Page 14
King's Church Iver Statement of Finaneial Activities by fund for the Year Ended 31 March 2025 (continued) Total Restrleted Funds 2025 TotY41 Restrlcted Funds 2024 Income And Endowments from: Donations and legacies Total income Expendlture on: Charilable activities Total expenditure Ne¢ income 490 ReconclllAtlon of funds Total funds carried forward 490 490 This page does not form part of the statutory financial statements. Page 15
King's Church Iver Detailed Statement of Finaiicial Activities for the Year Ended 31 March 2025 Total 202.fj Total 2024 Income: Donations. legacies and other income (analysed below) Investment income (analysed below) 90,359 101,162 Total income 105,693 Expendlture on: Charitable activities (analysed below) Total expenditure 69 591J_ Net income Net movement in funds 26.595 23,620 ReeonclllAtlon of funds Total funds brought forward Total funds carried forward 175 383 225.598 199003 This page does not form part of the stalutory financial statements. Page 16
King's Church Iver Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued) Tolal 2025 Total 2024 Don10 and legacles Donations Donations (restricted funds) Gift Aid tax reclaimed Gift Aid tax reclaimed (restricted fund) Hall hire Other income 76.494 2,010 10.541 30 857 427 77,581 6,353 15,358 642 681 547 101 162 Inveslmeni Income Interest on cash deposits Charliable ac¢lvltle$ Wages and Salaries Sthff pensions Light, heat, power and water rates Insurance Repairs, maintenance and equipmeni Telephone and internet Outreach Meeting and activity costs Printing, postage and slationery Subscriptions and publications Hireof hall Tithes and donations Restricted fund costs Training expenses Cleaning and sundry costs Travel and subsistence Advertising and website Computer costs Entertaining and gifts Payments to Trustees Professional f¢es Bank charges ProfiV(loss) on disposal of tangible fixed assets Depreciation of fixtures and fittings Staff entertaining 123,7401 (1821 (1.6211 (1,048) (2,653) (608) (4,337) (4.855) (817) (1.168) (4,650) {10.606) (2,040) (31,706) {285) 11,333) 11.002) {1,587) (626) {4,445) (5,017) (1,324) (1,328) (4,859) (10,794) (6.505) 1231) (1,784) (78) 1457) 11,278) (1.079) (1,980) (84) (70) 946 (3.532) (135) {2,416) {9} (3671 (1.344) (448) (1.900) (273) (5) (2,607) (399) This page does not form part of the statutory financial statements. Page 17
King's Church Iver Detailed Statement of f4inancial Activities for the Year Ended 31 Mareh 2025 (continued) Total 2025 Total 2024 Accountancy fees This page does not form part of the statutory financial statements. Page18