**Charity number: 1152477 Registered Number: 08438643**
## **King's Church Medway**
## **Unadited**
**Trustees' Report and Financial Statements for the Year Ended 31 March 2022**
King's Church Medway
Contents of the Financial Statements for the Year Ended 31 March 2022
||Page|
|---|---|
|Reference and administrative details of the Charity|1|
|Trustees Report|2-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9-21|
King's Church Medway Reference and Administrative Details of the Charity for the Year Ended 31 March 2022
**TRUSTEES:** Christopher Gill Martin Brogan Ian Vickery Sylvia Ribbens Keith Rayfield James Sowah Tafumanei Chapinduka **REGISTERED NUMBER:** 08438643 **CHARITY REGISTERED NUMBER:** 1152477 **REGISTERED OFFICE:** New Road Avenue Chatham Kent England ME4 6BB **INDEPENDENT EXAMINER:** Matthew Bugby ACCA A.K. & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Page 1
King's Church Medway Trustees' Report for the Year Ended 31 March 2022
The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2021 to 31 March 2022. The Annual report serves the purpose of both a Trustees' report and a Director's report under company law. The Trusees confiirm that the Annual report and financial statements statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **OBJECTIVES AND ACTIVITIES**
The main activities of the charity were, but not limited to:
The advancement of the Christian faith by the proclamation and furtherance of the gospel of God. The promotion of the worship of God by any means whatsoever, including the preaching and proclamation of the Christian gospel, the teaching of the Christian doctrine and principles, and the printing, production and distribution of Christian literature, media products and other resources.
The relief of persons in conditions of financial need, or of those persons who are infirm for reasons of old age or sickness.
The advancement of education on the basis of Christian principles, including the provision of educational establishments, materials and bursaries for the general education of children or adults.
We continue to pursue our objectives through the activities of the departments already stated.
The Trustees confirm that, to the best of their ability, they have consistently complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.
## **FINANCIAL REVIEW**
## **Achievement and Performance**
The total incoming resources for the year were £569,870 (2021: £526,594). Total resources expended were £439,432 (2021: £427,444), leaving net incoming resources of £. (2021: £99,150) before transfers.
## **Going Concern**
The trustees have reviewed the charity's forecasts and, considered the current economic position and it's impact on the charity's ability to remain operational, and the trustees are confident the charity will have sufficient resources to continue for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
Page 2
## King's Church Medway Trustees' Report for the Year Ended 31 March 2022
## **Reserves Policy**
The trustees have reviewed the reserves of the charity, in line with existing policy, and deem that no changes are required.
## **Princicpal Funding**
Principal funding of the charity is tithes and offerings from Church members and attendees, along with gift aid received from HMRC.
## **Principal Risks and Uncertainties**
The principal risks facing the Church are:
Reputational risk - mitigated by regular review and assessment by the trustees
Financial risk - the risk of a decline in donations and funding, however this has been mitigated by by diversification of projects and the trustees frequently monitor this
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
King's Church Medway is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
The Charity is constituted under a Trust feed and is a registered charity, number 1552477.
There has been no change in trustees in the period under review.
## **Leadership**
The Church is led by a team of elders who 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 names as follows; Mr Paul Akinabadewa, Rev Martin Brogan, Mr Yemi Onbanjo, Rev Christopher Gill, Mr James Sowah and Mr Isaac Oluwole.
The Elders provide their services on a voluntary basis with the exception of Rev Martin Brogan and Rev Christopher Gill who are employed full time by King's Church.
## **General Overview**
The Church continues to enjoy good relationships and partnerships with local authority, Kent Police, NHS as well as local schools in tackling social challenges in and around the Medway Towns.
Page 3
King's Church Medway Trustees' Report for the Year Ended 31 March 2022
## **King's Church Gillingham**
Continues to grow and flourish at it's current location Skinner Street, Gillingham for Sunday services.
## **Caring Hands in the Community**
The ministry continues to provide meals and various other facilities in support of the homeless and needy of the Medway Towns. The residential space of the properties attached to the Day Centre continues to be repurposed into lodgings, with anticipated use to commence from late 2022/early 2023.
## **Light the Way**
This the overseas mission activity providing solar panel fitments to projects such as orphanages, schools and other deprived areas of the world.
## **Children's Church**
The work continues to grow with a sound Bible focussed curriculum in place. All workers are on a volutary basis.
## **Life Groups**
These small groups meet mid-week mainly in varius homes around Medway and beyond, as an opportunity for the congregation to interact and befriend each other on an informal basis.
## **Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **Policies adopted for the induction and training of Trustees**
The policies adopted are those of the Charity Commission publications as per the website. Trustees are reminded Periodically to review these documents, and new trustees are issued with access to copies for perusal.
## **Pay policy for key management personnel**
Pay reviews for all staff are conduced annually by the Trustee board
## **Future Plans**
To continue to persue our established objectives in the coming year. Future upkeep costs relating to repair and maintenance of the Church building is anticipated. The repurposing of residential buildings attached to the Day Care centre is expected to be completed and to become operational, which will increase income for the Church, and to allow better service to the local community in future years.
Page 4
King's Church Medway Trustees' Report for the Year Ended 31 March 2022
## **Statement of Trustees' responsibilities**
The Trustees are reponsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair veiw of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going conern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequte accounting records that are sufficient to show and explain the Charity's transactions and 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 Companies Act 2006. They 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 irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
…......................................................... …............................................................ Christopher Gill Martin Brogan Trustee Trustee Date: Date:
Page 5
## King's Church Medway Independent Examiners Report for the Year Ended 31 March 2022
Independent Accountants Report To The Members On The Unaudited Financial Statements For The Year Ended 31 March 2022
I report to the charity Trustees on my examination of the accounts for the year ended 31 March 2022
## **Responsibilities and basis of report**
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of the charity's accounts carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the ACCA, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. Accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006;
2. The accounts to not accord with those records;
3. The accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination; or
4. The accounts have not been prepared in accordance with the methods and principle of the Statement of Recommended Practice for accounting and reporting by charities, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102)
I have no concrns and have come across no other matters in connection to the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed …....................................................
Dated ….................................
Matthew Bugby ACCA A.K. & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Page 6
## King's Church Medway Statement of Financial Activities for the Year Ended 31 March 2022
|Notes
**Income from:**
Donations and legacies
4
Charitable activites
5
Investments
6
**Total income**
**Expenditure on:**
Charitable activites
7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds bought forward
Net movement in funds
**Total funds carried forward**|Restricted
funds
Unrestricted
funds
Total Funds
Total Funds
2022
2022
2022
2021
£
£
-
569,867
569,867
521,746
-
-
-
4,655
-
3
3
193
-
569,870
569,870
526,594
433
439,432
439,865
427,444
433
439,432
439,865
427,444
-433
130,438
130,005
99,150
30,335
1,044,539
1,074,874
975,724
-433
130,438
130,005
99,150
29,902
1,174,977
1,204,879
1,074,874|
|---|---|
Page 7
## King's Church Medway
Balance Sheet for the Year Ended 31 March 2022
|Notes
**FIXED ASSETS**
Tangible Assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one yea
12
**NET CURRENT ASSETS/LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than
one year
13
**Total net assets**
**CHARITY FUNDS**
Restricted funds
14
Unrestricted funds
15
**Total funds**|2022
2021
£
£
1,275,686
1,263,154
1,275,686
1,263,154
16,430
25,187
287,681
196,111
304,111
221,298
-48,251
-60,111
255,860
161,187
1,531,546
1,424,341
-326,667
-349,467
1,204,879
1,074,874
29,902
30,335
1,174,977
1,044,539
1,204,879
1,074,874|
|---|---|
The charity was entitled to exemption from audit 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 with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entitles subject to the small companies regime.
The financial statements were approved and authrosed for issue by the Trustees and signed on their behalf by:
…......................................................... …............................................................ Christopher Gill Martin Brogan Trustee Trustee Date: Date:
Page 8
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## 1 **GENERAL INFORMATION**
King's Church Medway is a company, limited by guarantee, incorporated in England and Wales. The members of the company are the Trustees name on page 1. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1 per member.
## 2 **ACCOUNTING POLICIES**
## **Basis of preparation of the financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accountings in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Going concern**
The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Charity's ability to continue as a going concern.
## **Income**
Income is measured at the fair value of the donation or funding received or receivable, once the charity has entitlement to the income and it is probable it will be received.
Grants are included on a receivables basis.
Income tax recoverable in relation to investment income is recognised at the time the investment income is received.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activites is incurred on directly undertaking the activites which further the Charity's objectives, and is inclusive of irrecoverable VAT.
## **Depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|- 2% straight-line on buildings|
|---|---|
|Motor vehicles|- 25% on reducing balance|
|Fixtures and fittings|- 25% on reducing balance|
|Office equipment|- 25% on reducing balance|
|Church equipment|- 25% on reducing balance|
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Page 9
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Liabilities and provisions**
Liabilities are recognised 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 beneift will be required in settlement, and the amount of the settlement can be estimated reliably.
Provisions are measured at the best estimate of the amounts requires to settle the obligation. Where the effect of time value money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability.
## **Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Chairty to the fund in respect to the year under review.
## **Fund accounting**
General funds are unrestricted funds which are available for use at the discrection 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 set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the 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 of the financial statements.
## **Financial Instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exeption of bank loans which are subsequently measured at amortised cost.
## **3 Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These assessments and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Page 10
## King's Church Medway
Notes to the Financial Statements for the Year Ended 31 March 2022
## **4 INCOME FROM DONATIONS AND LEGACIES**
|Tithes and offerings
Grant income for charitable activities
Tax credit of gift aided income
**INCOME FROM CHARITABLE ACTIVITIES**
Missions
**INVESTMENT INCOME**
Bank interest received|Unrestricted
Total funds
Total funds
funds 2022
2022
2021
£
£
£
380,035
380,035
365,926
141,285
141,285
89,271
48,547
48,547
66,549
569,867
569,867
521,746
Unrestricted
Total funds
Total funds
funds 2022
2022
2021
£
£
£
-
-
4,655
-
-
4,655
Unrestricted
Total funds
Total funds
funds 2022
2022
2021
£
£
£
3
3
193
3
3
193|
|---|---|
## **5 INCOME FROM CHARITABLE ACTIVITIES**
## **6 INVESTMENT INCOME**
## **7 Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities
Governance activities
**Total 2021**|Restricted
Unrestricted
Total funds
Total funds
funds 2022
funds 2022
2022
2021
£
£
£
£
433
428,798
429,231
415,160
-
-
10,634
12,284
433
428,798
439,865
427,444
828
425,864
427,444|
|---|---|
Page 11
## King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **Summary by expenditure type**
|Charitable activities
Governance activities
Total 2021|Staff costs Depreciation
Other costs
Total funds
Total funds
2022
2022
2022
2022
2021
£
£
£
£
£
117,401
46,523
265,306
429,230
415,160
-
-
10,634
10,634
12,284
117,401
46,523
275,940
439,864
427,444
117,759
47,176
262,509
427,444|
|---|---|
## **8 Analysis of expenditure by activities**
## **Summary by fund type**
|Charitable activities
Governance activities
**Total 2021**|Direct
Support
Total funds
Total funds
costs 2022
costs 2022
2022
2021
£
£
£
£
332,319
96,912
429,230
415,160
10,634
-
10,634
12,284
342,953
96,912
439,864
427,444
433
427,864
427,444|
|---|---|
Page 12
## King's Church Medway
Notes to the Financial Statements for the Year Ended 31 March 2022
## **8 Analysis of expenditure by activities (continued)**
|**Analysis of direct costs**
Wages and salaries
Depreciation
Mission expenses
Motor and travel
Buildings insurance
Premises maintenance
Communication and IT costs
Material and equipment
Utilities
Legal and professional fees
Printing, postage and stationary
Staff training costs
Refund of mission income
Bank and finance charges
Café expenses
Other expenditure
Donations paid
Independent examination fees
Accountancy fees
Children's Church
Advertising
Meeting expenses
Youth club costs
Hall hire
Rent
**Total 2022**
**Total 2021**
**Analysis of support costs**
Wages and salaries
Depreciation
Premises maintenance
Bank and finance charges
**Total 2022**|Charitable
Governance
Total funds
Total funds
Activities 2022
costs 2022
2022
2021
£
£
£
£
83,872
83,872
84,378
33,199
33,199
33,197
1,210
1,210
2,936
4,123
4,123
2,972
8,451
8,451
14,545
39,297
39,297
25,989
20,868
20,868
5,415
6,028
6,028
17,722
46,107
46,107
33,553
2,137
2,137
5,815
5,715
5,715
-
5,842
5,842
-
-
-
30,539
529
529
1,360
23,451
23,451
7,950
27,461
27,461
18,980
2,661
2,661
7,700
-
1,000
1,000
5,532
-
8,454
8,454
6,395
2,625
2,625
758
4,558
4,558
155
-
1,180
1,180
357
420
420
521
-
-
400
13,763
13,763
10,900
332,318
10,634
342,952
318,069
305,785
12,284
318,069
Charitable
Total funds
Total funds
Activities 2022
2022
2021
£
£
£
33,529
33,529
33,381
13,324
13,324
13,979
37,831
37,831
49,787
12,228
12,228
12,228
96,912
96,912
109,375
109,375
109,375|
|---|---|
Page 13
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **9 Average number of employees**
The average number of employees during the year was as follows:
**2022 2021** No. No. Employees 7 6
No employee received remuneration amounting to more than £60,000 in either year.
Martin Brogan, a trustee of the charity, received remuneration during the year totalling £35,000 (2021: £35,000) in respect of employment services as operations manager of the charity.
Christopher Gill, a truste of the charity, received remuneration during the year totalling £25,000 ( 2021: £25,000) in respect of employment of services as a pastor of King's Church Gillingham.
Other than the above remuneration, there were no other benefits paid to any of the trustees during the year, nor was there for the immediately prior year.
## **10 TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for the year
Disposals
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|**Freehold**
**Motor**
**Fixtures and**
**Office**
**Church**
**Property**
**Vehicles**
**Fittings**
**Equipment**
**Equipment**
£
£
£
£
£
1,254,000
36,936
134,409
40,765
60,302
42,211
-
13,236
1,359
2,249
-
-
-
-
-
1,296,211
36,936
147,645
42,124
62,551
82,175
31,432
74,140
27,696
47,815
17,365
1,376
21,516
3,449
2,817
-
-
-
-
-
99,540
32,808
95,656
31,145
50,632
1,196,671
4,128
51,989
10,979
11,919
1,171,825
5,504
60,269
13,069
12,487|
|---|---|
Page 14
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **10 TANGIBLE FIXED ASSETS (continued)**
**----- Start of picture text -----**
Total
£
COST
At 1 April 2021 1,526,412
Additions 59,055
-
Disposals
At 31 March 2022 1,585,467
DEPRECIATION
At 1 April 2021 263,258
Charge for the year 46,523
-
Disposals
At 31 March 2022 309,781
NET BOOK VALUE
At 31 March 2022 1,275,686
At 31 March 2021 1,263,154
**----- End of picture text -----**
## **11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank Loans
Trade creditors
Taxation and social security
Pension fund
Accruals and deferred income
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank Loans|2022
2021
£
£
16,430
17,135
-
8,052
16,430
25,187
2022
2021
£
£
35,034
35,047
3,646
16,065
2,381
2,096
505
319
6,755
6,584
48,321
60,111
2022
2021
£
£
326,667
349,467
326,667
349,467|
|---|---|
## **12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **13 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
The mortgage is secured by a charge over the freehold property known as Elm House, New Road, Chatham, Kent; the Bridge Centre, New Road, Chatham, Kent and King's Church, New Road, Chatham, Kent from Barclays Bank plc.
Page 15
## King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **14 Statement of funds - current year**
|**Unrestricted funds**
**Designated funds**
Caring Hands
**General funds**
General funds
**Total Unrestricted funds**
**Restricted funds**
Buildings restricted funds
**Total of funds**|Balance at
Balance at
01-Apr
Income
Expenditure
31-Mar
2021
2022
2022
2022
£
£
295,202
157,031
-153,240
298,993
749,337
412,839
-257,187
904,989
1,044,539
569,870
-410,427
1,203,982
30,335
-
-433
29,902
1,074,874
569,870
-410,860
1,233,884|
|---|---|
Page 16
## King's Church Medway Notes to the Financial Statements
for the Year Ended 31 March 2022
## **14 Statement of funds (continued) Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Caring Hands
**General funds**
General funds
**Total Unrestricted funds**
**Restricted funds**
Buildings restricted funds
**Total of funds**|Balance at
Balance at
01-Apr
Income
Expenditure
31-Mar
2020
2021
2021
2021
£
£
282,339
106,960
-94,097
295,202
662,617
419,634
-332,914
749,337
944,956
526,594
-427,011
1,044,539
30,768
-
-433
30,335
975,725
526,594
-427,444
1,074,874|
|---|---|
## **15 Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|Restricted
Unrestricted
Total funds
Funds 2022
Funds 2022
2022
£
£
£
29,902
1,245,782
1,275,684
-
304,111
304,111
-
-48,251
-48,251
-
-326,667
-326,667
29,902
1,174,975
1,204,877
Restricted
Unrestricted
Total funds
Funds 2021
Funds 2021
2021
£
£
£
30,335
1,232,819
1,263,154
-
221,298
221,298
-
-60,111
-60,111
-
-349,467
-349,467
30,335
1,044,539
1,074,874|
|---|---|
Page 17
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **Caring Hands**
**----- Start of picture text -----**
Income
Donations 8,286.07
Tithes and offerings 7,460.00
Grants/funding 141,285.00
Total income 157,031.07
**----- End of picture text -----**
**----- Start of picture text -----**
Expenditure
Bank Charges 105.72
Clothing expenses 122.85
Donations paid 18.00
Employers NI 1,598.04
Food and drink 1,589.63
Groceries & Cleaning 7,018.10
Gross wages 33,528.84
Hospitality, entertainment & gifts 394.34
Insurances 1,099.25
IT Software and Consumables 1,249.53
Kitchen expenses 594.40
Light, Power, Heating 26,370.15
Motor Vehicle Expenses 956.19
Pensions 425.76
Printing, Postage and Stationery 1,038.82
Rates 3,688.88
Refreshments 72.00
Reimbursement of expenses via wages 34.98
Repairs & Maintenance- property 37,831.29
Repairs & maintenance- Small equipments 1,339.45
Staff Training 1,125.00
Subscriptions and Affiliations 345.88
Telephone & Internet 825.36
Travel and Accomodation 60.30
Water 1,972.73
Total expenditure 123,405.49
Surplus/(deficit) 33,625.58
**----- End of picture text -----**
Page 18
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **Gillingham**
## **Income**
|Donations
Tithes and offerings
**Total income**|2,072.90
68,975.77
**71,048.67**|
|---|---|
## **Expenditure**
**----- Start of picture text -----**
Advertising & Marketing 57.00
Bank Charges 126.61
Books, DVD's 539.23
Children's Church expenses 1,215.49
Donations paid 1,992.90
Employers NI 2,633.04
Food and drink 1,174.11
Groceries & Cleaning 506.92
Gross wages 27,916.65
Hospitality, entertainment & gifts 4,701.13
IT Software and Consumables 1,329.66
Kitchen expenses 675.05
Light, Power, Heating 1,786.97
Meeting expenses 717.95
Miscellaneous expenses 269.41
Mission expenses 860.00
Motor Vehicle Expenses 453.12
Parking 5.37
Pensions 128.39
Printing, Postage and Stationery 378.00
Refreshments 11.50
Rent 13,763.38
Repairs & Maintenance- property 3,353.34
Repairs & maintenance- Small equipments 719.05
Staff Training 1,294.50
Subscriptions and Affiliations 2,455.15
Telephone & Internet 1,049.06
Travel and Accomodation 865.81
Water 111.47
Total expenditure 71,090.26
Surplus/(deficit) (41.59)
**----- End of picture text -----**
Page 19
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **King's Church Medway**
## **Income**
**----- Start of picture text -----**
Donations 1,382.83
Tax credit on Gift Aided Income 49,252.17
Tithes and offerings 284,795.06
Total income 335,430.06
Expenditure
Accountancy 8,769.60
Advertising & Marketing 4,501.15
Bank Charges 122.96
Books, DVD's 2,991.71
Children's Church expenses 1,409.81
Clothing expenses 173.91
Donations paid 650.00
Employers NI 4,620.36
Food and drink 2,544.64
Groceries & Cleaning 8,576.26
Gross wages 48,933.35
Hospitality, entertainment & gifts 5,950.01
Insurances 7,352.12
IT Software and Consumables 12,240.83
Kitchen expenses 844.92
Ladies weekend expenses 248.50
Legal & Professional fees 49.85
Light, Power, Heating 6,799.12
Meeting expenses 462.05
Miscellaneous expenses 1,479.55
Mission expenses 350.00
Motor Vehicle Expenses 1,625.15
Pensions 1,140.40
Photocopier rental and maintenance 2,322.96
Printing, Postage and Stationery 1,520.73
Rates 618.00
Recreational activites 2,087.00
Reimbursement of expenses via wages 441.66
Repairs & Maintenance- property 5,873.07
Repairs & maintenance- Small equipments 1,854.80
Staff Training 3,422.18
Subscriptions and Affiliations 2,530.46
Suspense 149.70
Telephone & Internet 3,948.71
Water 2,377.72
Youth Club 419.66
Total expenditure 149,402.90
Surplus/(deficit) 186,027.16
**----- End of picture text -----**
Page 20
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2022
## **Light the Way**
## **Income**
|Donations
Tithes and offerings
**Total income**|5,495.61
840.00
**6,335.61**|
|---|---|
**----- Start of picture text -----**
Expenditure
Bank Charges 90.00
Hospitality, entertainment & gifts 5,533.07
IT Software and Consumables 122.40
Subscriptions and Affiliations 216.00
Total expenditure 5,961.47
Surplus/(deficit) (5,961.47)
**----- End of picture text -----**
**----- Start of picture text -----**
(5,961.47)
**----- End of picture text -----**
## **Medway Café**
|**Income**
Bank interest receivable
**Total income**
**Expenditure**
Bank Charges
**Total expenditure**
**Surplus/(deficit)**|0.01|
|---|---|
||**0.01**|
||84.00|
||**84.00**|
||**(83.99)**|
Page 21