Reglsterod number- 08438643 Charity number: 1152477 KING'S CHURCH MEDWAY (A company limited by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
KING'S CHURCH MEDWAY IA company limited by guarantee} CONTENTS Page Reference and admlnlstratlv• detalls of the Charity. its Trustees and advisèrs Trustees. rèport Indèpendent examlner's rèport Statement of financlal actlvities Balance shoet 9-10 Notes to the finan¢ial staternents
KING'S CHURCH MEDWAY IA company limited by guarantsel REFERENCE AND ADMINISTRATIVE DETAILS OF TPIE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Chrtslopher Gill, Pastor Martin Brogan lan Vickery Sylvia Ribben5 Keith Rayfield (appointed 27 July 20201 J8mes Sowah Tafumanei ChapindLJka Company reglstered number 08438643 Charlty reglstered number 1152477 Registered offltg New Road Avenue Chatham Kent ME4 6BB Independent Exarniner Duncan Cochrane•Dyet BS¢ BFP FCA MHA Maclnlyre Hudson Victoria Court 17-21 Ashford Road Maidstone Kent ME14 5DA Page 1
KING'S CHURCH MEDWAY IA eompany Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDEO 31 MARCH 2021 The Trustees preseni their annual report tO98lher with the financial statements of the Chaiity for the 1 April 2020 to 31 March 2021. The Annual report serve5 the purw)ses of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company Corp with the ¢urrent slalLrtory requirements, the requirements of the charitable company's goveming document and the provisions of the Statement of Recomrnended Practice ISORPI 8pplicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the Charity qualifies as small under section 382 of the Companie5 AGI 20Q16, the Strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and Directors. Report) Regulations 2013 has boen omitted. Objgctiv•s and activiti#$ a. Policles and oblè¢tlves The advanment of thg Christian faith by the prodamation 8nd furtherance of the gospel of God. The promotion of the worship ol God by any means whatsoever, including the preaching and proclamation of the Christian gospel, the teaching of the Christian dlxtrine and principles, and the printing, production and istribvlion of Christian lileralure, media products and other resources. The relief of persons in conditions of financial need, or of those persons who are infimi for reasons of old age or sickness. The advancernent of education on the b8sis of Christian prinuples, including the provision of educational establishments, materials and tKJrsaries for the general education ol children or adults. We continue to pursue our 0.eCtiveS through the acliwts'es ol Ihe departments already stated. In setting objectives and planning for activities, the TAJStees have given due consideration to general guidance published by th& Ch8ri1y Cornmission relating to public benefrt, including the guidance 'Public benefit.. running charsty IP821'. b. M¥in •ctivities undertaken to fiirthgr th• Chatity's PLFrposes for the publlc benoflt The Trusteès confirm that, lo the best of their abllity, they have consislenlly complied with their duty lo have due regard lo the guidance on public benefit published by the Charity Commission in exercising their powers or dutses. The main activits'es undertak&n were the advancement of the Christian falth. the relief of persons in conditions of financial need, or of those persons who are infirm for reasons of old age or sickness, and the advanrnent of $ducalion on the basis of Chrislian principles for the public benefit. Achlovements and perforniance . Kèy performance indicator5 The lotsl incoming SOurCeS for the year were £526.594 12020.. £454,405). Total reSoUrS expended were £427,44412020.- £426,692>. leaving net incoming resources of £99,150 (2020.. £27,713) before transfers. Included in total incoming resources for the year were tithes and offerings lotslling £365,92612020.. £306,532). Page 2
KING'S CHURCH MEDWAY {A company Ilmited by guarnnteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Financial review a. Going concern The trustees have reviewed the charitys forecasts, and, in particular have considered the pDienb"aS implications of the Coronavirus ICOVID-191 pandemic. Whilst the eventual impact of the pandemic on the Charity, and the overall economy remain5 uncertain, the trustees are Confident that the charity wll be able lo remain operational throughout the pandemic so there is reasonable expectation that the charity will have adequate resources to continue for the foreseeable future. The charily therefore conlinues lo adopt the going concern basis in preparing its finèncial statements. b. Reserves policy The Charity held fund balances at 31 March 2021 of £1,074,874 12020.. £975,724). consisting of unrestricted funds of £1,044,539 12020-. £944,956) and reslri¢ted funds of £30,335 12020.. £30,768). Within unrestricted funds therè are d8signateiJ funds of £295.20212020." £282,339). The designated funds represent transactions relating lo the separate residential project run by the Church known 88 Caring Han¢Ys in the Community. ¢. Principal risks and uncertainties The principal risks lacing the Churth are- Reputstional risk- miligaled by frequent review by trustees Financial risk- the principal financial risks are a reduction in donations and funding, unbudgeted nase d. Principal funding Financial donations Itithes and offerings) from Church members and attende on 8 weekly or monthly basis. Gift aid reclaimed Érom HMRC. Structurei governancg and management a. Constllutlon King's Church Medw8y is registered as a tharitable company limited by guarantee and was set up by a Memorandum of Association. The Charity is conslituled under a Trust deed and 15 a registered charity, number 1152477. The Charity shall hold the Trust Fund and its in¢ome upon Irusl lo apply them for the following objects, principally in the Medway Towns area of Kent.. the 8dv8n¢ement of the Christian faith and lor such other charitable purposes as the Trustees shall from time to lime detemine. Trustees There has been one addition to the Trustee's board in this period. Keith Ra481 has joined the team in July 2020. Pag& 3
KING'S CHURCH MEDWAY (A company Ilmited by guarantee TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Stru¢ture. governance and management Icontlnugd) Leadership The Church is led by a team of elders whose appointments were based on proven integrity and commitment to the work of the church. The church is formed of two congregations, one in Chatham and the other in Gillingham. The eldership is named as follows Chalham., Mr Paul Akinabadewa. Rev Martin Brogan, Mr Yeml Onbanjo &. Gillingham.. Rev Christopher Gill, Mr James Sow8h & Mr Isaac Oluwole. The Elders provide their services on a voluntary basis with the exceptson of Rev Martln Brogan and Rev Christopher Gill who are employed full time by King's Church. Deacons and the Servant Group The church has in place a team of Deacons who take résponsibility for the many practical aspects of the church. A 'Servant Group" which comprises of Elders, Deacons and other department leaders. who individually head up the various departments of th8 chLJrch, ¢onlinues lo meet regularly to provide information 8n(J feedback from their various departments. As the Ghurch grows numerically. the SeNant Group provides the Elders with a ready source of contact and inlomalion regarding the various needs and concems of the congregation. Oblectlves and a¢tlvltles for Publlc Benefit Th¢ printipal 8clivilies of th8 charity during the year have been th8 8(fvancement of the Christian faith and other Charitable 3ctivities including a Day Cenlre for the homeless and disadvantaged, a Job Club assisting the long ttsrm unetnployed in their search for work and an After School Club for local chil(Sren. The Trustees confim that they have referred lo the guidance ¢ontsined in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. General Ov8Thigw We are thankful to witness God's hand at work in the growing number of partnerships in the community working th us to fulfil the objects of the charity lo the benefit of all. The church continues to enjoy good relationships and partnerships with the local authority, Kent Police, NHS as well as local schools in tackling social challenges in and around the Medway Towns. King's Church Glllingham Conlinues to grow and flourish al Ils current locatSon Skinner Street Gillingham for Sunday sgNices. Carfng Hands in the Community This ministry continues to provide meals and various other facilities in support of the homeless and needy of the Me(Iway Towns. The average week sees some 500 visits from service users and over 1,400 meals and snacks served as part of the holistic package of services tsilored lo help achieve successful outcomes for those in crisis. The residential space of the propeeS attached lo the Day Centre are currently being repurposed Llght the Way This is the overseas mission actiwty providing solar panel fitments to projects such as orphanages & schools in deprived areas of the world. Children's Church Chatham branch The work continues to grow wilh a sound Bible locussed wrriculum in place. All workers in the Children's Church work on a voluntsry basis. The children's church occupies the rooms on the ground floor of Ihe church building. Page 4
KING'S CHURCH MEDWAY (A company Ilmited by guarante8 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Structur•i governanco and managèment lcontinuedl Life Groups These small groups meel mid-week mainly in various homes around Medway and beyond. They continue to provide a valuable opportuniiy for the King'5 Church congregation to interact with and befriend each other on an infomial basis. Pastoral Care The pastoral care of the church is overseen by the eldership & is effectlvely supported by the Life Group leaders as well as members of the general congregation. b. Methods ol appointment or election of Tru$tèe$ The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the lerrns of the Trusl deed. c. Policies adopted for the induction and tralnlng of Trustees The Policies adopted are those of the Charity Commission publications as per the website. Trustees are reminded pericxlically to review th8se docurllents. Any new Trusl¢es issued with access lo copies for perusal. d. Pay pollcy for key management p¢rs¢nn*l Pay Teviews for all staff are conducted annually by th& Trustee kx)ard. e. Fundraising The Church does not work wilh professional fundraisers. Plans for future pèriods To continue to pursue our established obje¢tlves In the coming year. An assessment of our current buildings and their need for upkeep is being currently implemented and works will continue in 2022. A revlew of our current ch8ritsble activities and future proposed activities is also plannèd for 2022. The primary aim will be to seek ways to further increase the effect of the charity's public benefit. Th8 current repurp05ing of the former King's Community buildings wll further enhance our ability to better serve our local cornmunity in the years ahead. Page 5
KING'S CHURCH MEDWAY (A eampany limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 ststement of Trustees. responslbillties The Trvstees (who are also the directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accor(Sance with applicable law and United Kingdom Accounting Stsnd8rds (United Kingdom Generally A¢¢epted Accounting Practice). Company law requires the Trustees lo prepare financial statements for e8ch financial . Under company13w, the Trustees mu51 not approve the financial slatements unless Ihey are satisfied th81 they give a true and fail view of the stale of affairs of the Charity and of its incoming resources and application of resources. including its income and expenditure, for that period. In pparing these f5nancial statements, the Trustees are required lo.. select suitable accounting poliues and then apply them consistently, observe the methods and principles of the Charities SORP {FRS 1021., rnake judgements and accounting eslimales that are reasonable and prudent". state whether applicable UK A¢counling Standards IFRS 1021 have bè6n followed. subject lo any material departures disclosed and explained in the financial ststements., prepare the financial statements on the going concern basis unless il is inappropriale to presume th81 the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charits transactions and disclose wth reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevenliDn and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behaK by. Christophèr Glll Truslee Date.. In stee Page 6
KING'S CHURCH MEDWAY IA company limited by guarant) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Indgpondènt oxaminovs rèport to the Trustees of King'5 Church Medway I'the Charlty'l I report to the char*Èy Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021. Responslbllities and bas1$ of report As the Trustees of the Charity land its directors for the purpose5 of company lawl you are responsible for the preparation of the accounts in accordance wllh the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfi8é myself that th8 accounts of the Charity 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 the CharItS accounts carrie(l out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carwng out my examination I have followed the Directions gNen by the Charity Commisston under section 14515llbl of the 2011 Act. Independent examiner's statement Since the Charitys gross income exceeded £250,000 your examiner must be a member of a body Ilsled in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examin81ion bècausè l am a membar of the ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matters have Come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of ihe Charity as required by section 386 of the 2006 Acl,. or the accounts do not accord wth those records., or the accounts do not comply with the accountirbg 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 examinab'on., or the accounts have not been prep8red In accordance wth the methods and prinaples of the Statement of Recommended Practice for accounting and reporb'ng by charities, applicabSe to charities preparing their accounts in accordance wlh the Finanal Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. I have no concems and have come across no other matters in connÈ¢lion with the examination lo which attention should be drawn in this report in order to enable a proper underslariding of the accounts lo be reached. Signed.. Dated.. 08 January 2022 Duncan Cochrane.Dyet Bsc BFP FCA MHA Maclnwe Hudson Maidstone United Kingdom Page 7
KING'S CHURCH MEDWAY (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2021 Restrlcted Unrestrl¢ted funds funds 2021 2021 Total funds 2021 Total fvnds 2020 Note Incomè from: Donatiot)s and legacies Charitsble activitie5 Investments 521,746 4,655 193 521,746 4,655 193 403, 106 50,790 509 Total income 526,594 526,594 454,405 Expenditure on- Chafttable activities 433 427,011 427,444 426,692 Total expenditure 433 427.011 427,444 426,692 Net movement In funds 14331 99,583 99,150 27,773 Reconciliation of fund$: Total funds brotjghl forward Net movement in ftjnds 30,768 (4331 944,956 99,583 97S,724 99.150 948,077 27. 773 Total lunds carrled forward 30,335 1.044.539 1,074,874 975,724 The notes on pages 11 to 24 form part of these financial statements. Page 8
KING'S CHURCH MEDWAY IA company limited by guarantee) REGISTERED NUMBER: OB438643 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note FSxed assets Tangible assets 1,263,154 1,244,515 1,263,154 7,244,515 Current as$ets Debtors Cash at bank and in hand 12 25,187 196.111 13,277 767, 100 221.298 180.317 Creditors= amounts falling due within one year 13 (60.1111 (77.493) Net current assets 181,187 702,824 Total assets less current liabilrtlès 1,424,341 1,347,339 Creditors.. amounts falling due aft8r more than one year 14 1349,4671 (371,615) Total net assets 1,074,874 975,724 Charlty funds Reslricted funds Unreslrfcled funds 30,335 1,044,539 30. 768 944.956 15 Total fund5 1,074.874 975,724 Page 9
KING'S CHURCH MEDWAY IA company limited by guarantee} REGISTERED NUMBER: 08438643 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021 The Charity was ènlrtJ9d lo exemption from aLFdit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act respect lo 8CGounling records and preparation of finan¢ial stattrmenl5. The financial slalements have boen prepared in accordance wilh the provisions applicable to enlilies subject to the small companies regim8. The financial ststemerjts were approved and authorised for issue by the Truslees and signed on their behalf by.. fjICLL Christopher Gill. Pastor Date.. Thè notes on pages 11 to 24 form part of these financial statomgnts. Page 10
KING'S CHURCH MEDWAY {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General infomiation King's Church Medway is a company, limited by guaranlee, incorporated in England and Wales. The members of the company are the Trustees named on p8ge 1. In the event of the charity being wound up, the liability in rèspe¢t of the guarantee is Simited to £1 per member. Accountlng pollcles 2.1 Basis of preparatlon of financial statements The financial slalemenls have been prapared in accordancè with the Charities SORP IFRS 1 021 Accounting and Reporting by Charities." Statement of Recommended Practice 8pplic8ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Cornpanies Act 2006. King's Church Medway meets the definition of a public benefit entity under FRS 102. Assets and liabilities arg initially recognised at historical cost or transaction value unless otheIs8 stated in the relevant accounting policy. The financial statements are presented in slerllng which is the functional CUr¢Y and is rounded lo the nearest £1. 2.2 Going concern The financial statements are prepared on a going concem b8sis and there are no material uncertainties Ihal cast significant doubt on the Charity's ability lo continue as a going concern. The Trustees have considered the irnpact of Covid-19 as part of their going concern assessment. 2.3 Income All Income is recognSsed once the Charity has entitlement to the Income, 51 is probable that the income will be received and the amount of income receivab18 can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income receSved for specffic purposes but not expended during the period is shown in Ihg relevant funds on the Balance sheet. Where income is recelved in advance of entitlement of receipt, its rec(yJnilion is deferred and included in creditor8 as deferred income. Where enliuement occurs before income is received. the income is accrued. Income tax recoverable in relation lo investment income is recognised al the lime the investmenl income is receivable. Page11
KING'S CHURCH MEDWAY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting pollcles l¢ontlnuedl 2.4 Expenditur8 Expenditure is rÈ¢ognised once there is a leg81 or constructive obligation to Ir8nsfer economic benefit to a tl)IrJ party, it is probable that a transfer of economic benèfits will be required in settlement and the amount of the obligation can be measured reliably. ExpendiluTe is classrfied by activity. The costs of each activity are made up of the total of (Jirecl costs and shared costs. including support cosls involved in undertaking each aclivity. Direct costs attributable to a single activity are allocated directly to that activity. Shared ¢osts which contribute lo more than one a¢tsvity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consislenl with the use of resoue9_ Central stsff costs are allocated on the basis of lime spent, 8nd depreciation tharges allocalod on the portion of the asset's use. Expenditure on charilable acliwlies is incurred on directly undertaking the acttvili&s which further the Charitls objectives, as well as any asso¢ialed support costs. All expenditure is indusive of irrecoverable VAT. 2.5 Government grants Govemment grants relating lo tangible fixed assets are treated as deferred income and released to Ihe Statement of financial ath'vities over the expected useftjl lives of the assets concemed. Other grants are credited to the Slalement of financial activities as the related expenditure is incurred. 2.6 Tangible fixèd •5$*ts and depreciation Tangible fixed assets are initially recognised at cost. After recognits'on, under the cost model, tangible fixed asse15 are measured at cost less accumulated depreciation and any accurnulated impairrnent lgsses. All costs incurred lo bring a tsngible fixed asset into its intended working conditron should be included in the Tneasuremenl of cost. Depreciation is charged so as to allocale the Cost of tangible fixed assets less thoir residual value over their estimated useful lives. on the bases given below. Depreciation is provided on the followng basis.. Freehold propety Motor vehicles Fixtures and fillings Office equipment Church equipment 2Wo straight-line on bLtildings 25VD reducing b8I8nce 25Vo reducing balance 25Vv reducing balance 25Yo reducing balance 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are v8lued al the amount prepaid n&t of 8ny trade discounts due. 2.8 Cash at bank and in hand Cash al bank and in hand includes cash and short-temi highly liquid investments wilh a short maturity of Ihiee months or less from the date of acquisition or opening ol the deposit or similar account. Page 12
KING'S CHURCH MEDWAY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting poli¢l&s Icontinuedl 2.9 Liabilities and provisions Liabilib'es are recogni5ed when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit wll be required in settlement, and the amoltnt of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay lo sellle the debt or the amount it has Teceived as advanced paymen15 for the goods or services il must provi¢Je. Provisions are measured al the best estimate of the amounts qUIred lo settle the Dbligab'on. Where the effecl of the time value of money is material, the provision is based on the present value of those amounts. discounted al the pre-tax discounl rate that refl&¢ls the tisks specific to the liability. The unwindin9 of the discount is recognised in the Statement of financial acliviknes as a finance cost. 2.10 Flnan¢ial instruments The Charity only has financial assets and financial liabilities of a kind thal qu85fy as basic financial instruments. Basic financi81 instruments are inilially recognised at Iran58ction value and subsequently measLired at their Settlement value with the exception of bank loans which are subsequently measured 8t amorused cost using the effective interest method. 2.11 Penslons The Charity operates a defined contribution pension s¢heme and the pension charge reprèsents the amounts payable by the Charity to the fund in respect of the year. 2.12 Fund accounting General funds are unrestricted funds whith are available for us$ at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees fcir particular purposes. The aim and use of each designated fund is sel oul in the notes lo the financial statements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by ihe Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial stslements. Investment income, gains and losses are allocated to the appropriate fund. CrStlcal accounting estimates and areas of judgement No keyjudgemenls lapart from those involving estimates as disclosed in the notes abov¢l have been made in the process of aPpIng the above accounting pollcies. Page 13
KING'S CHURCH MEDWAY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from donations and legacies Unrestrlcted funds 2021 Total funds 2021 Total funds 2020 Tllhes and offerings Grant income for charitable 8clivilies Tax credit on gift aided income 365,926 89,271 66,549 365.926 89,271 66,549 306,532 53,700 43,474 Total 2021 521,746 521,746 403. 106 Total 2020 403, 106 403, 106 Income from charltablg actSvltlos Unrèstrltted funds 2021 Total funds 2021 Tolal runds 2020 Missions Rental income Vending machine sales Café and Ks'ng's kit¢h¢n sales 4,655 4,655 37,693 2,597 764 9.736 Total 2021 4,655 4.655 50. 790 rotal 2020 50, 790 50.790 Page 14
KING'S CHURCH MEDWAY IA company IlmltÈd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investment income Unrestri¢ted funds 2021 Total funds 2021 Total funds 2020 Bank interest received 193 193 509 Total 2020 509 509 Analysls of oxpendlture on charitable activities Summary byfund type Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Charitsble activities Govemance costs 433 414,727 12,284 415,160 12,284 405,348 21.344 Total 2021 433 427,011 427,444 426,692 Total 2020 828 425,864 426,692 Summary by expenditure type Total funds 2021 rolal funds 2020 Staff costs Depreciation Oth¥r Costs 2021 2021 2021 Charitable activities Govemance costs 117.759 47,176 250.225 12.284 41S,1eo 12,284 405.348 21,344 Total 2021 117,759 47.176 262.509 427,444 426,692 Total 2020 730, 126 40,277 256,28g 426.692 Page 15
KING'S CHURCH MEDWAY IA cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysls of expendlture by activities Support costs 2021 Total funds 2021 Total funds 2020 DSre¢t Costs 2021 Charitable activities Govemance costs 305,785 12.284 109,375 415,160 12,284 405,348 21,344 Total 2021 318.069 109,375 427.444 425,692 Tolal 2020 331,334 95,358 426.692 Page 16
KING'S CHURCH MEDWAY IA company Ilmited by guarantee) NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expenditure by a¢tl¥ltlos Ic¢ntinued) Analysis of direct costs Charitable actlvitSès Chur¢h 2021 Governance costs 2021 Total funds 2021 Total fvnds 2020 Wages and salaries Depreciation Mission expenses Motor and travel expenses Buildings insurance Premises maintenance Communication costs Material and UIpMent Utilities Legal and professional fees Refund of mission income Bank and finance charges Café expenses Other expendlture Donations paid Independent examination fees Accountancy fees Children's church Adverbsing Meeting expenses Youth club costs H811 hire Rent 84,378 33,197 2,936 2,972 14,545 25.989 5.415 17,722 33,553 5,815 30,539 1,360 7,950 18,980 7,700 84,378 33.197 2,936 2,972 14,545 25,989 5.415 17.722 33,553 5,815 30,539 1,360 7,950 18,980 7.700 5,532 6,395 758 100,090 24.689 14,285 19,424 8,913 38,941 5,854 17,081 45,027 542 2.603 3, 702 8,958 5,532 6,395 5,220 5,800 1.699 758 155 155 357 357 10,324 2.656 3,630 11,896 521 400 10,900 521 10,900 Total 2021 305.785 12,284 31B,069 331,334 Total 2020 309,990 21,344 331,334 Page 17
KING'S CHURCH MEDWAY IA company limited by guarant891 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysis of expèndlture by a¢tivities {continuedl Analy$l$ of support ¢osts Charltable actlvltle$ Rèsidantlal 2021 Total funds 2021 rolal funds 2020 Wages and salarigs Depreciation Premises mainlen8nce Bank and finance chafges 33,381 13,979 49,787 12.228 33,381 13,979 49.787 12.228 30,036 15,588 34.192 75,542 T¢lal 2021 109,375 109,375 95,358 Total 2020 95,358 95,358 Indep¢nd•nt examlner's remuneration The Independent Examinerfs remuneration amounts to an Independent Examination fee of £5,53212020.. £5,220) and accountancy. bookkeeping and payroll fees of £6,395 {2020'. £5,800). 10. Staff costs 2021 2020 Wages and salaries Contribution to defined contribution pension s¢hemes 116,118 1.641 128,225 1,901 117,759 130, 126 During th8 year, no employe812020: one) received re(Jundancy paym8nls, tolalling £nil12020.' £3,824). The average number of persons employed by the Charity during the year was as follows: 2021 No. 2020 Employees Page 18
KING'S CHURCH MEDWAY IA cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Staff costs l¢ontinuedl No employee received rernuneralion arnounting to more than £60,000 in eilhei year. Martin Brogan. a trustee of the charity, re1Ve remuneration during the year lotalling £35.000 12020.. £35,000> and employer penslon contributions tolalling £863 12020.. £8661 in respect of amploymenl of services as operations manager of the charity. Christopher Gill, a trustee of the charity, received remuneration during the year totalling £25,00012020.' £25,000) and employer pension contributions lotalling £Nil 12020". £1411 in respect of employrnenl of SeIce$ as a pastor of King's Chulch Glllingham. The Charity has legal authority lo pay its Trustees remuneTation as set out in the goveming document. Apart from the remuneration disdosed above, the were no other benefits paid lo any of the Iruslees Lyuring the year12020'. £NIII. During the year. no Trustee expenses have been incurred12020- £Nil). 11. TangiblÈ fixed assets Freehold propèrty Motor Flxtures Offlcg Church vehicles and fitting5 equipmènt equipment Total Cost or valuation Al 1 April 2020 Additions 1.238,670 15,330 36,936 88,419 45,990 39,209 1,556 57,363 1,460.597 2.939 65.815 At 31 March 2021 1.254,000 36,936 134,409 40,765 6Q,302 1,526,412 D•prè¢latlon At 1 April 2020 Charge for the year 65,457 16.718 29,597 1.835 52,261 21,B79 23,681 4,015 45.086 2,729 216.082 47,176 At 31 March 2021 82,175 31,432 74,140 27.696 47,815 263,258 Net book value At 31 March 2021 1,171,825 5.504 60,269 13,069 12,487 1.263,154 At 31 March 2020 1, 173,213 7,339 36.158 15,528 12,277 1,244,515 Page 19
KING'S CHURCH MEDWAY {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. DebtOTS 2021 2020 Other debtors Prepayrnents 17.135 8,052 7,265 5,952 25,187 13,217 13. Credltor$: Amount5 fallSng due wlthln one year 2021 2020 Bank loans Trade creditors Other taxation and social secxjrily Pension fun Accruals and deferred income 35.047 16,065 2,096 319 6,584 36,658 28.606 2,180 321 9, 728 60.111 77,493 14. Creditors.. Amounts falllng duè after more than ono year 2021 2020 Bank loans 349,467 377,615 The aggregate amount of liabilities payable or repayable wholly or in part more than five years aft$r the repoitng dale Ss.. 2021 2020 Payable or iepayable by instalmenls 349.467 371,615 349,467 371.615 The mortgage is securtrd by a charge over the freehold property known as Elm House, New Road, Chatham, Kenl,- The Bridge Cenlre, New Road, Chatham, Kent and King's Church, New Road Avenue, Chatham, Kent from Barclays Bank plc. Page 20
KING'S CHURCH MEDWAY IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCTrI 2021 15. Statèment ol fund8 ststement of fvnd5 - current year Balanc• at 31 March 2021 Balance at 1 Aprll 2020 Income Expendlture Unrestricted funds De$lgnated funds Caring Hands 282,339 106.960 194,0971 295,202 General funds General fund5 662.617 419,634 (332,9141 749,337 Total Unrestrfcted funds 944,956 526,594 (427,0111 1,044,539 Re$trl¢ted funds Buildings Reslrictsd Fund 30,768 {4331 30,335 Total of fund5 975.724 526,594 (427,4441 1.074,874 General Fund Includes donations and legacies made principally to SUPPDrt projects which Cannot be classified wlhin the charitls main headings. 11 also includes funds for which have been donated advance of any (Jesignalion or restriction applied by or notified lo the Trustees. Designated Funds Caring Hands The designated fund represents transactions relating lo the separate residential prDje¢t run by the Church known as Caring Hands. Re$tri¢ted Fund$ Buildings reslricled fund The restricted fund is in relation lo gifts received towards the cost of linking two communty buildings of which depreciation is allocated against this fund. Page21
KING'S CHURCH MEDWAY {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Statement of lunds Icontinuedl Statemgnt of funds - prior year Balan al 31 March 2020 Balance 81 l Apnl 2019 Income Expenditure Unrestricted funds Designated funds Caring Hands 322,640 72,036 (7 72,337) 282,339 Gèneral funds General funds 593. 775 382.369 (313,527) 662,617 Total Unrestri¢ted funds 916,4Y5 454,405 (425.864) 944,956 Restricted funds Buiklings Restricted Fund King's Church Missions 31,207 395 (433) f395) 30, 768 31,596 (828J 30, 768 Total Qf funds 948,011 454,405 (426.692) 975,724 Page 22
KING'S CHURCH MEDWAY {A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Summary offunds Summary offunds - current year Balance 8t 31 March 2021 Balance at 1 April 2020 Income Expenditure Design8led funds General funds Reslricted funds 282,339 662,617 30,768 106,960 419,634 194,0971 1332,9141 14331 295.202 749.337 30,335 975.724 526,594 1427,4441 1.074,874 Summary of funds . prlor year Balan al 31 March 2020 B&l8nce al l Apiil 2019 Income Expendilure Designated funds General funds Restricted funds 322,640 593,775 31,596 72,036 382.369 (112,337) (313,527J (828) 282.339 662,617 30. 768 948.011 454,405 {426.692J 975, 724 17. Analysis of net assgt$ b•tw•en lunds Analysis of nèt a$$¢ts between funds - current ygar Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets CdItorS due within one year Creditors due in more than one year 30,335 f.232.819 221,298 {60,111} {349,4671 1.263,154 221,298 160,1111 {349,4671 Total 30,335 1,044.539 1,074.874 Page 23
KING'S CHURCH MEDWAY {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Analysis of net assgts bètweèn funds (continued) Analysis of net a$$ets between funds- prior year Restricted Unrestricted funds funds 2020 2020 Total funds 2020 Tangible fixed assets Current assets Creditors due wiihin one ye8r Credbtors due in more th8n one year 30,768 1,273, 747 1,244,515 180.317 180,317 (77,493) (77,493) (371,615) (371.615) Total 30,768 944,956 975,724 18. Pens5on commltments The charity opgr81es a define¢t contribution pension plan for its employees. The amounl recognised as an expense in thè period was £1,641 12020.. £1,9011- There was a liability of £319 12020.. £3211 at the balance sheet date in relation to this pension plan. 19. Related party transactions There have been no related party Iransadions during the year other than Trustee remuneration. as detailed in nole 10. Page 24
KING'S CHURCH MEDWAY IA companylimited by 8Lwranteel NOTES TO THE FINANCIAL STAEMENTS FOR THE YEAR ENDErJ 31 MARCH 2021 20. CARING HANDS IN THE COMMUNITY Unrestricted Restricted Funds Funds 2021 2021 Totol Fund5 2021 In¢orne'. Tithes and offerings Grant Income Bank Interest 17,688 89,271 17.688 89,271 TDtal Income 106.960 106,960 Expenditure.. Wages 3nd Salaries Motor expenses Premises maintenance Communication Material & equipment 34,987 1,004 16,982 467 3,152 17.931 883 13,546 90 4,012 567 50 426 34,987 I,(M)4 16,982 467 3.152 17,931 Le8al & professional Depreciatio Bank Ind finance charges Café expenses oiher expenditure Meetin8 expenses Pension costs 433 13.979 90 4.012 567 50 426 Total Expenditure 94.096 433 94,529 Net income/lexpenditurel 12,864 14331 12.431 Page 2S
KING'S CHURCH MEDWAY IA company limited by Euararbteel NOTES TO THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 31 MARCH 2Q21 21. XINGS'5 CHURCH GILLINGHAM Unrestricted Restricted Funds Fund5 2021 2021 Total Funds 2021 Income". Tlthes and offerings Bank interest 74,839 30 74,539 30 Total Income 74,869 74,869 Expenditure.. Wage5 and salaries Motor expense5 Buildings insurance Piernise5 maintenance Cornmunication Material & equipment 27.236 262 27,236 262 1461 6.534 342 1.454 577 272 20 698 10,792 2.757 50 288 6,534 342 1,454 577 272 20 698 10,792 2.757 50 288 Bènk and finance charges C8fe expenses Childrens church Rent Other expenditure Youth club Meeting expenses Total Expenditure 51.235 51,235 Net incame/lexpenditurel 23,634 23,634 PaBe 26
KINfj'S CHURCH MEDWAY IA rornp•ny limited byguaranieel NOIES TO THE FINANCIALSTAEME14T5 FOR THE YEAR ENDED 31 MARCH 2021 22. KING'S CHURCH MEDWAY Unrestricted Funds 2021 Restrirted Funds Total Funds 2D21 2021 Income.. Tlthes and offering5 Tax credlt on Gift Aided Income Bank interest 263.522 66.549 160 263,522 66,549 160 Total InwmE 330,232 330,232 Expenditure-. Wages and 53laries Motor expenses 53,895 1,708 14.591 51.762 4,606 13,115 15,044 4,933 33,197 13,068 3,918 61 108 400 15,743 471 5.532 6,395 19 2,936 1,216 7,700 53,895 1,708 14,591 51,762 4,606 13,115 15,044 4,933 33,197 13,Q68 3,918 61 108 400 15,743 471 5,532 6,395 19 2,936 1,216 7,700 Premises maintenance Communication Material & equipment Legal and professional Depreci3tion 68nk and finae charge5 Café expenses Childrens church Rent Other expenditure Youth club Independent examination Actountancyfees Meetin8 expènses Mission e¥pen5es Pension costs Oonations paid Total Expenditure 250,417 250,417 Net incomellexpenditurel 79,814 79,814 Page 27
KING'S CHURCH MEDWAV IAtompany limited by guaTanteel NOTESTO THE FINANCIAL STAEMENTS FOR THE YEAR ENOED 31 MARCH 2D21 23. LIGHTYHE WAY Unrestrirted Fund5 2021 Restricted Fund5 2021 Total Funds 2021 Income". rithes and offerings Missions Bank interest 9.876 4,655 9,876 4.655 Totzl Incorne 14,533 14,533 EKpendSture'. Premi5e5 maintenance Bank Charges and interest Other expenditure Mission income refunded 500 86 66 30,539 500 86 66 30,539 Total E¥penditure 31.191 31.191 Net income/lexpenditurel 116,6591 116,6591 Page 28
KING'S CHURCH MEDWAY IA company limlted byBuaranteel NOTES TOThE FINANCIAL STAEMENTS FOR THÉ YÉAR ENDED 31 MARCH 2021 24. THE KING'S CHURCH CAFÉ Unrestricted Restricted Funds Funds 2021 Total Funds 2021 2021 Expenditure.. 8ank charge5 and interest 72 72 Total Expenditure 72 72 Net incomellexpenditurel 1721 Page 29