Charity number: 1152477 Registered Number: 08438643
King's Church Medway (A company limited by guarantee)
Trustees' Report and Financial Statements for the Year Ended 31 March 2023
King's Church Medway
| Contents of the Financial Statements | |
|---|---|
| for the Year Ended 31 March 2023 | |
| 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 2023
TRUSTEES: Christopher Gill Martin Brogan Ian Vickery Sylvia Ribbens 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 2023
The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2022 to 31 March 2023. 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 (2022: £569,870). Total resources expended were £439,432 (2022: £439,432), leaving net incoming resources of £. (2022: ) 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 2023
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 2023
King's Church Gillingham
KCG has continued to grow numerically and has outgrown the current building. Until new premises are found KCG now operates three services each Sunday at 10am, midday and 4pm. The first two services are completely full and the third serivce is slowly growing. At present the combined congregation size is approximately 200 adults, 25 teenagers and 75 primary aged children.
For the children and youth provision each Sunday KCG hire the use of a hall and classrooms at the Oasis Academy Primary School which is situatied a two-minute walk from the church building. This is hired six months in advance.
As KCG continues to grow, ministries for both men and women have been established and a 'drop in' on Wednesday and Thursday between 10.30am and 12.30pm now operates, for those in need of social care. To assist with growing demand KCG now operates an in-house 'Food Bank' which provides tin and dried goods for those in need.
KCG continues to support work overseas and sends a medical team annual to Ghana plus supplies and has assisted in the construction of a computer room in a rural primary school.
KCG continues to financially support two children via the organisation 'Compassion' and supports a pastor and family in Bangalore in India.
Caring Hands in the Community
Shekinah House is now fully operation and accomodates 12 temporary residents at one time to enable assessment of their needs by the local authority.
Light the Way
We have engaged in missions to Zambia and Romania is 2023, providing roofing for a primary school and a water bore hole supply in a remote community.
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 next significant project will be repair works to the main Chatham building with the roof requiring remedial works.
Page 4
King's Church Medway Trustees' Report for the Year Ended 31 March 2023
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 2023
Independent Accountants Report To The Members On The Unaudited Financial Statements For The Year Ended 31 March 2023
I report to the charity Trustees on my examination of the accounts for the year ended 31 March 2023
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:
-
Accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006;
-
The accounts to not accord with those records;
-
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
-
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 2023
| 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 2023 2023 2023 2022 £ £ - 437,446 437,446 569,867 - - - - - 152 152 3 - 437,598 437,598 569,870 399 477,856 478,255 439,865 399 477,856 478,255 439,865 -399 -40,258 -40,657 130,005 29,902 1,174,977 1,204,879 1,074,874 -399 -40,258 -40,657 130,005 29,503 1,134,719 1,164,222 1,204,879 |
|---|---|
Page 7
King's Church Medway Balance Sheet for the Year Ended 31 March 2023
| Notes FIXED ASSETS Tangible Assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 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 |
2023 2022 £ £ 1,275,287 1,275,686 1,275,287 1,275,686 14,744 16,430 221,526 287,681 236,270 304,111 -41,834 -48,251 194,436 255,860 1,469,723 1,531,546 -305,501 -326,667 1,164,222 1,204,879 29,503 29,902 1,134,719 1,174,977 1,164,222 1,204,879 |
|---|---|
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 2023
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 2023
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 2023
4 INCOME FROM DONATIONS AND LEGACIES
Tithes and offerings Grant income for charitable activities Tax credit of gift aided income
5 INCOME FROM CHARITABLE ACTIVITIES
Missions
6 INVESTMENT INCOME
Bank interest received
| Unrestricted | Total funds | Total funds |
|---|---|---|
| funds 2023 | 2023 | 2022 |
| £ | £ | £ |
| 370,628 | 370,628 | 380,035 |
| 52,074 | 52,074 | 141,285 |
| 14,744 | 14,744 | 48,547 |
| 437,446 | 437,446 | 569,867 |
| Unrestricted funds 2023 £ - |
Total funds 2023 £ - |
Total funds 2022 £ - |
| - | - | - |
| Unrestricted funds 2023 £ 152 |
Total funds 2023 £ 152 |
Total funds 2022 £ 3 |
| 152 | 152 | 3 |
7 Analysis of expenditure on charitable activities
Summary by fund type
| Charitable activities Governance activities Total 2022 |
Restricted Unrestricted Total funds Total funds funds 2023 funds 2023 2023 2022 £ £ £ £ 399 472,700 473,099 429,231 - 5,156.00 5,156 10,634 399 477,856 478,255 439,865 433 428,798 439,865 |
|---|---|
Page 11
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
Summary by expenditure type
| Charitable activities Governance activities Total 2022 |
Staff costs Depreciation Other costs Total funds Total funds 2023 2023 2023 2023 2022 £ £ £ £ £ 128,837 42,334 301,928 473,099 429,230 - - 5,156 5,156 10,634 128,837 42,334 307,084 478,255 439,864 117,401 46,523 275,940 439,864 |
|---|---|
8 Analysis of expenditure by activities
Summary by fund type
| Charitable activities Governance activities Total 2022 |
Direct Support Total funds Total funds costs 2023 costs 2023 2023 2022 £ £ £ £ 372,454 100,646 473,099 429,230 5,156 - 5,156 10,634 377,610 100,646 478,255 439,864 342,953 96,912 439,864 |
|---|---|
Page 12
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
8 Analysis of expenditure by activities (continued)
| Analysis of direct costs Wages and salaries Depreciation Mission expenses Motor and travel Insurance Premises maintenance Communication and IT costs Material and equipment Utilities Legal and professional fees Printing, postage and stationary Staff training costs Bank and finance charges Café expenses Other expenditure Donations paid Gifts and emergency costs Accountancy fees Children's Church Advertising Meeting expenses Youth club costs Hall hire Rent Total 2023 Total 2022 Analysis of support costs Wages and salaries Depreciation Premises maintenance Bank and finance charges Total 2023 Total 2022 |
Charitable Governance Total funds Total funds Activities 2023 costs 2023 2023 2022 £ £ £ £ 75,000 75,000 83,872 30,830 30,830 33,199 2,040 2,040 1,210 11,975 11,975 4,123 14,157 14,157 8,451 46,202 46,202 39,297 36,236 36,236 20,868 5,446 5,446 6,028 49,855 49,855 46,107 1,909 1,909 2,137 3,754 3,754 5,715 6,446 6,446 5,842 743 743 529 26,966 26,966 23,451 8,201 8,201 9,332 7,123 7,123 2,661 22,510 22,510 18,129 - 1,521 1,521 8,454 4,634 4,634 2,625 4,062 4,062 4,558 - 1,726 1,726 1,180 1,534 1,534 420 - - 0 14,738 14,738 13,763 372,453 5,156 377,609 341,952 332,318 10,634 342,952 Charitable Total funds Total funds Activities 2023 2023 2022 £ £ £ 45,250 45,250 33,529 11,504 11,504 13,324 26,270 26,270 37,831 17,623 17,623 12,228 100,646 100,646 96,912 96,912 96,912 |
|---|---|
Page 13
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
9 Average number of employees
The average number of employees during the year was as follows:
2023 2022 No. No. Employees 6 7
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 £45,000 (2022: £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 £30,000 ( 2022: £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 2022 Additions Disposals At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for the year Disposals At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Freehold Motor Fixtures and Office Church Property Vehicles Fittings Equipment Equipment £ £ £ £ £ 1,296,211 36,936 147,645 42,124 62,551 31,269 - 1,893 3,245 5,528 - - - - - 1,327,480 36,936 149,538 45,369 68,079 99,540 32,808 95,656 31,145 50,632 17,781 1,032 16,305 3,503 3,713 - - - - - 117,321 33,840 111,961 34,648 54,345 1,210,159 3,096 37,577 10,721 13,734 1,196,671 4,128 51,989 10,979 11,919 |
|---|---|
Page 14
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
10 TANGIBLE FIXED ASSETS (continued)
----- Start of picture text -----
Total
£
COST
At 1 April 2022 1,585,467
Additions 41,935
-
Disposals
At 31 March 2023 1,627,402
DEPRECIATION
At 1 April 2022 309,781
Charge for the year 42,334
-
Disposals
At 31 March 2023 352,115
NET BOOK VALUE
At 31 March 2023 1,275,287
At 31 March 2022 1,275,686
----- End of picture text -----
11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 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 |
2023 2022 £ £ 14,744 16,430 14,744 16,430 2023 2022 £ £ 37,537 35,034 - 3,646 2,601 2,381 58 505 1,638 6,755 41,834 48,321 2023 2022 £ £ 305,501 326,667 305,501 326,667 |
|---|---|
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 2023
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 2022 2023 2023 2023 £ £ 269,988 72,184 -136,357 205,815 904,989 365,414 -341,499 928,904 1,174,977 437,598 -477,856 1,134,719 29,902 - -399 29,503 1,204,879 437,598 -478,255 1,164,222 |
|---|---|
Page 16
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
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 2021 2022 2022 2022 £ £ 266,197 157,031 -153,240 269,988 749,337 412,839 -257,187 904,989 1,015,534 569,870 -410,427 1,174,977 30,335 - -433 29,902 1,045,869 569,870 -410,860 1,204,879 |
|---|---|
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 2023 Funds 2023 2023 £ £ £ 29,503 1,245,784 1,275,287 - 236,270 236,270 - -41,834 -41,834 - -305,501 -305,501 29,503 1,134,719 1,164,222 Restricted Unrestricted Total funds Funds 2022 Funds 2022 Funds 2022 £ £ £ 29,902 1,245,784 1,275,686 - 304,111 304,111 - -48,251 -48,251 - -326,667 -326,667 29,902 1,174,977 1,204,879 |
|---|---|
Page 17
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
Caring Hands
----- Start of picture text -----
2023
Income
Donations 15,010.34
Tithes and offerings 5,100.00
Grants/funding 52,074.00
Total Income 72,184.34
Expenses
Bank Charges 111.42
Clothing expenses 140.33
Employers NI 2,489.83
Equipment Hire 794.97
Food and drink 3,984.35
Groceries & Cleaning 10,998.10
Gross wages 45,250.29
Hospitality, entertainment & gifts 41.96
Kitchen expenses 1,635.17
Legal & Professional fees 1,651.85
Light, Power, Heating 31,901.61
Motor Vehicle Expenses 609.51
Pensions 654.45
Printing, Postage and Stationery 190.72
Rates 3,804.48
Repairs & Maintenance- property 26,269.61
Staff Training 756.00
Subscriptions and Affiliations 390.36
Telephone & Internet 972.06
Travel and Accomodation 1,757.84
Water 1,952.33
Total expenses 136,357.24
Surplis/(Deficit) (64,172.90)
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Page 18
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
Gillingham
----- Start of picture text -----
2023
Income
Donations 12,341.94
Tithes and offerings 81,030.71
Total income 93,372.65
Expenses
Advertising & Marketing 22.00
Bank Charges 227.45
Books, DVD's 1,519.55
Children's Church expenses 1,936.01
Clothing expenses 90.00
Donations paid 3,422.00
Employers NI 3,102.50
Food and drink 2,835.73
Groceries & Cleaning 475.40
Gross wages 30,000.00
Hospitality, entertainment & gifts 10,130.85
Insurances 199.00
Kitchen expenses 823.77
Legal & Professional fees 114.00
Light, Power, Heating 3,739.22
Meeting expenses 804.76
Mission expenses 1,940.00
Motor Vehicle Expenses 411.58
Parking 32.68
Pensions 178.20
Printing, Postage and Stationery 1,009.27
Refreshments 18.01
Rent 14,737.96
Repairs & Maintenance- property 4,354.32
Repairs & maintenance- Small equipments 1,057.80
Staff Training 2,415.50
Subscriptions and Affiliations 1,673.62
Telephone & Internet 990.91
Travel and Accomodation 4,727.70
Water 173.11
Youth Club 159.50
Total expenses 93,322.40
Surplis/(Deficit) (93,322.40)
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Page 19
King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
----- Start of picture text -----
King's Church Medway 2023
Income
Donations 2,106.25
Tax credit on Gift Aided Income 16,430.49
Tithes and offerings 248,549.01
Bank interest received 151.52
Total income 267,237.27
Expenses
Accountancy 5,521.20
Advertising & Marketing 27,560.00
Bank Charges 205.98
Books, DVD's 3,882.16
Children's Church expenses 2,697.88
Clothing expenses 630.34
Depreciation 42,334.00
Donations paid 3,700.50
Employers NI 5,328.80
Equipment Hire 2,380.00
Food and drink 7,725.96
Groceries & Cleaning 10,940.22
Gross wages 45,000.00
Hospitality, entertainment & gifts 7,767.11
Insurances 13,958.45
IT Software and Consumables 1,212.85
Kitchen expenses 6,145.89
Legal & Professional fees 143.39
Light, Power, Heating 6,487.58
Meeting expenses 921.00
Miscellaneous expenses 11.29
Mission expenses 100.00
Mortgage interest 17,622.57
Motor Vehicle Expenses 4,296.15
Parking 61.10
Pensions 1,162.80
Photocopier rental and maintenance 189.58
Printing, Postage and Stationery 2,364.62
Recreational activites 1,909.20
Repairs & Maintenance- property 14,283.92
Repairs & maintenance- Small equipments 1,213.59
Staff Training 3,274.29
Subscriptions and Affiliations 1,759.89
Telephone & Internet 5,189.28
Travel and Accomodation 78.62
Water 3,153.00
Youth Club 1,374.89
Total expenses 252,588.10
Surplis/(Deficit) 14,649.17
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King's Church Medway Notes to the Financial Statements for the Year Ended 31 March 2023
Light the Way
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2023
Income
Donations 6,489.39
Total income 6,489.39
Expenses
Bank Charges 102.00
Hospitality, entertainment & gifts 4,470.41
Repairs & Maintenance- property 372.86
Subscriptions and Affiliations 216.00
Total expenses 5,161.27
Surplus/(Deficit) 1,328.12
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| Medway Café Income Bank interest receivable Total income Expenditure Bank Charges Total expenditure Surplus/(deficit) |
(0.01) |
|---|---|
| (0.01) | |
| 96.00 | |
| 96.00 | |
| (96.01) |
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