REGISTERED CONtPANY NUMBEIL. 08438643 (England and Wal¢s) REGISTERED CHARITY NUMBER: 1152477 rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for s Church Mintstrl¢s K & Co (Accountancy Services) Ltd 19 Victoria Terra¢e Hove East Sus BN3 2WB
Kings Church MIDlstrtes Contents of the Finaucial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnancial Act111¢8 Balance Sheet Cish Flow Statsment Notes to the Cash FIOTV Statement io Notes to the FInancI Statements 11 to 18 Detaiknl Statement of Financlal Aetivities 19 to 20
Kings Church Ministrfes Report of the Trustses for the Year Ended 31 March 2024 The tn$ who are also directors of the charity for the puq)oses of the Companies Act 2(X16, present their report with the fjnancial statements of the charity for the year ended 31 Mawh 2024. The ISteeS have adopted the provisions of Accounting and Reporting by chltieS. Statement of Recommended Practice app]i¢able to charities preparlng their accounts in arwrdance with the Financial Reporting Standard applicable in the UK and Republic of ]ttland (FRS 102) (effective l January 2019). OBJECTIVES AM) ACTIVITIES The main activities of the charity were. but not limited to: The advancement of the Cl)ristian faith by the proclamation and fiirtherance of the gospel of God. The promotion of the worship of God by any means whatsoever. including the preaching and proclamation of the ChTistian gospel. the a¢l)ing of the Christian doctrine aDd Principle4 and the printing. production and dislTibution of Christian literdture, media products and other resources. The relief of persons in conditions of financial nee(L or of those persons who are infm for reasons of old age or sickness. The advancement of education on the basis of Christian principles, including the provision of ethicational establishments. materials and bur8aTies for the general education of children or adults. We Continue to pursue our objectives through the activities of the depattments already stated. The Trnsfres wnfirni that, to the best of their ability. they have consistently con)pli¢d with their duty to have due regatd to the guidance on public benefit published by the Charity Conunission in eXClS]ng their powers or duties. ACHIEVEIVIENT AND PERFORMANCE The total incoming resources for the year were £770,784 {2023." £437,599). Total resources expelld were £ 791,225 ((2023: £478,256), leaving a deficit of £20,441 (2023: 40,657) before transfers. FINANCIAL REVIEW Principal fundlng $oure Princlpal fimding of the charity 18 tith¢s and otyerings from Church rnembers and attendees. along with gift aidreceived from HkfRC. Reserves policy The InleeS have reviewed the reserve$ of the charity, in line with existing wlicy. and deem that no changes are required, Going concern The trustees hav¢ reviewed the charitys forecasts an££ considered the current economic position and it's impact on the Clwity's ability to remaln operntionaL and the (Tustees are confident the charity will have sufficient resources to continue for the foreseeable fjjture. The ¢haTity therefore ¢ontinues to adopt the going nCern basis in preparing its financial statements. continued...
Kln g Church Mlntstt4es R¢ ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERJYANCE AND MANAGEMENT Leadershlp The Church As led by a leam of elders who appointments were based on proven integrity and commitnl to tbe WQTk of the Church. The Churth is fornied of two ¢owegations, one in Chatham and the other in GillIngh. The elders is names as follows. Mr Paul Akinabadew4 Rev Martin Brogan, Mr Yemi Onbanjo, Rev Christopher GiiL Mr James Sowah and Mr Isaac Oluwole. The Elderg provide their seiceS on a voluntary b18 with the exception of Rev Martin Brogan and R¢v Chtistopher Gill who are employed titi by I&ng's Churc Gen¢r*l Overview The Church continues to enjoy good relationships and parlnerships with local authority, Kent Police, NHS as well as local s¢hools in tackling so¢ial ¢haJlenges in and around the Medway Towns. Klng's Chur¢h GillinghAm KCG has continued to numerically and has outgrown the cutrent building. Until new premises are found KCG now operates three seTVittS ¢ach Sunday at Joam, midday and 4pm. The frst Iwo services are completely full and the third service is slowty growing. At present the combined ¢ODgregation size is approximately 250 adults, 50 teenagers and 75 primary aged children. For the children and youth provision each Sunday KCG hire the use of a hall and classrooms ai the Oasis Academy Primary S¢hool which is sibjated a two-minute walk from the chuwh building. This is hir&1 six months in advance. As KCG continues to grow, ministries for both men and women have been established and a'drop in, on Wethicsday and Thursday between 10.30am and 12.30pm now operate4 for thos¢ in need of social ¢ar¢. To assist with growing demand KCG now operntes all in-house 'Food Bank, which provides tin and dried goods for those in need. KCG continues io support work overseas and sends a medical team annual to Ghana plus supplies and h&8 assisted in the cO81ctiOn of & computer room in a nwal prlmary sthool. KCG continues to finaThcially support two children via the organisation 'Compassion' and supports 2 pastors and their families in Bangalor¢ in India Caring Hands fin the Communlty day Centre fa¢iliti¢s cater for some 80 individuals per day. Supplying hot mea]s and drlnks alongside a holisitic support package to help secure solutions to the problems ow guests face. tn parthership with Res¢121 we continue to operate Trauma Infonned Care training ond consultations . We are eternally grateful to our team of Staff & Volunteers who tirele&sty give of their tim¢ to help those less fortunate. Sh¢kinah Hou84 our arcornmodation premises is now fully operation and accommodates 12 temporary residents at one time to enable the assessment of their Ill5]ng & other nee(ts by the local authority. ¢ontiaued...
s Church Mlnl$trl R¢port of the Trustees for tbe Year Ended 31 March 2024 IAght the WAY We bav¢ engaged in missions to Zambia and Roaming is 2023, providxtig roofjng for a primary school and a wakr bore hole supply in a remote MmunIty. Methods of appointnient or election of Trnstees The management of th¢ Charity is the responsibility of ihe TNstees who are ¢Ited and cOPted under the tern of th¢ Tnjst deed. Policies adopted for the inductiun and training of Trustees The policies adopt¢d are those of the Charity Commission publications &s per the website. Trustees ar¢ reminded Periodically to review documents. and new trustees are issued with access to copies for prnal. Pay policy for key managem¢nt personlld Pay r¢views for all staff conduced annually by the Tn]st¢e trM)ard Future Plans To continuc to peruse our estsblished objectives in the coming year. Future upkeep costs relating to repair and maint¢natK¢ of the Church building is anticipated. The next significant project will be repair work5 to the main Chatham building with the roof requiring remedial works. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08438643 (England and Wai¢s) Registered Chartty nmmber 1152477 Registered office New Rd Ave, Chatham Chatham ME4 6BB Trustees Rev M Brogan TThtee l D Vickery Chair B Ogungbangbe Tntee (appointed 4.9.23) K Rayfjeld Tnte¢ T Chapinduka Tntee J N L Sowah Tnte¢ S RJTr*bens Trnstee Rev C Gill Trustee continued...
Kfin $ Church Mtnlstries e ort of the Tnutees for the Year Ended 31 M4r¢b 2024 REFERENCE AND ADMINISTRATIVE DETAIIS Independent Examiner N Khaliq K & Co (Accountancy S¢rvAces) Ltd 19 Victoria Tett&e Hove East Sussex BN3 2WB Approved by order of the board of twslees on. . and signed on its behalf by: l D Vickery- Trustee continued...
lndeelldeftt Exanthi¢r'$ Re ort to the Trustees of Church IVllnistrie5 Independellt exmiDer's report to the tru$tses of Kings Church Mlntstries ('tbe Company,) I report to the ¢harity tswstees on my examination of the a¢¢ounts of the Company for the year ended 31 March 2024. RespoR8ibilhl¢s and basis of report As the chatity's ttustees of th¢ Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan¢¢ with the requirements of the Companies Act 2006 Cthe 2006 Aee). Having satisfied tnyself that the accounts of the ComFYdny are not required to k audited under Part 16 of the 2006 A and are ¢ligible for independent examination, I report in respect of my examination of your charity's a¢¢ounts as carried out under Se¢tion 145 of the CIWIti Act 2011 (%he 2011 Act). tn carrying out my eXamItion I have followed the Direclions given by the Charity Conunission under Section 145{5) 0)) of the 2011 Act. IDdependent examiner's ststsment Since your Charitys gross income exceeded £250,000 your examiner nwst be a mernber of a lisd body. I can conf that l am qualified to underte the examination because I am a member of the A$Slation of Chartered Certified Accountants, which is one of the listed l)odi¢s. I have completed my examination. I confirn] that no matters have Come to my attention in comiection with the examination giving me cause to believe: counting re¢ords were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do nol accord with those record8; or the accounts do not ¢omply with the accounting requirements of Section 396 of the 2006 Act Ot1 than any requiranent that the accounts gtve a true and fair view which is not a matter considered as part of an independent examination. or tb¢ accowits have not been prepared in a¢cordance with the methods and Principles of the Statement of Recon)mended Practi¢¢ for accounting and reporting by charities (applicable to charities preparing their a¢¢ounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102)). I have no conc and have Come across no other matters in wnnection with the examination to which attention should be draml in this report in order to enabl¢ a proper understanding of the accounts to be reached. N Khaliq A.K & Co (Accountsn¢y Services) Ltd 19 Victoria Terra¢e Hove East Sussex BN3 2WB continued...
Kings Church Ministries St&tement of Financial A¢llvldes for the Year Ended 31 Marcb 2024 2024 Total fiJn&8 2023 Total Unrestricted Restricted fLmd8 as restated Notes L¥COME AND ENDOWMENfs FROM Donations aNI legacies 682252 682.252 625.373 Inve8knent income Other incon 362 88,170 362 88,170 152 52.074 Total 770,784 770,784 677.599 EXPENDITURE ON Charitable acdvldes Direct costs Support costs Governance costs 625.387 99.773 37.853 7,500 632,887 99.773 37.853 410.582 62,518 5,156 Other 20,712 20,712 Total 783.725 7500 791,225 478256 NET INCOME/(EXYENDrruRE) Tra]fe between funds (12.941) {7,500) (7,500) 7,500 (20.441) 199.343 16 Net movement itt funds (20,441) (20,441 } 199,343 RECONCILIATION OF FUNDS Total funds brought fonvard As previously reported Ptior year adjustment 1,134.719 29.503 1.164.222 240,000 1,204,879 io A5 reststed lJ74.719 29503 1.404,222 1204.879 TOTAL FUNDS CARRIED FORWARD 1,354278 29.503 lJ83.781 1.404.222 The notes forni part of these financial stst¢nwits ¢Olllinued...
Kin Chllr¢h Mlnlstrl Balance Sheet 31 M#r¢h 2024 2024 Total funds 2023 Total Unrestricted Restricted funds as iestated Notes FIXED ASSETS Tangible a&%cts 1,556,505 1.556.505 1,275287 CURRENT AETs Debtors Cash at bank and in hand 12 61.431 73,575 61.431 103,078 254,744 221526 29,503 135.006 29,503 164,509 476.270 CREDITORS Amounts falling due within one year 13 (46,508) (46,508) (41,834) NET CURRENT ASSETS 88,498 29,503 118,001 434,436 TOTAL ASSETS LESS CURRENT LIABILITIES 1.645,IX13 29,503 1,674,506 1,709,723 CREDoRs Amounts falling due after more than one yeor 14 (290,725) (290.725) (305,501) NET ASSETS 1.354,278 29,503 1,383,781 1,404222 FUNDS Unrestricted funds Restricted funds 16 1,354278 29,503 1.374,719 29.503 TOTAL FUNDS 1.383,781 1.404222 The c]JaLltable conlpany is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ year ¢nd¢d 31 March 2024. The Mellth have not required the ¢omy4ny to obtain an audit of its finollcial statements for the year ended 31 March 2024 in a¢¢ordance with Section 476 of the compani Act 2006. The trustees aGknowledg¢ their responsibilities for (a) ensuring that the Charitable company keeps accounting recoriL8 that comply with Se¢tions 386 and 387 of the Compatiies Act 2006 and prepaTing financial statements which give a tft and fair VAew of the state of affairs of the charttable company &s at the end of each financial year and of its surplus or deficit for each financial yeaT in accordance with the requirements of Sections 394 and 395 and which otheThvise comply with the requirements of the Companies Act 2006 relaling to financial statements, so far as applicable to th¢ Clwitable company. (b) The notes forni part of these financial slatanents continued...
Kings Church Ministrles Balance Sheet- Continued 31 MCh 2024 These financial staten have been prepar&J in accordance with the provisions applicable to charitable companies subj¢¢t to thc binall companies r¢gim¢. The financial statements were approved by the Board of TnteeS and aUtIrISed for issue *and were SAed on its b¢half by.. l D Vickery- TfrLtsiee Rev M Brogan- Trustee The notes forni part of these financial statcments conlinued...
s Chureh Ministries Cash Floiv Statement for the Year Ended 31 March 2024 2024 2023 Notrs Cash flows operating activities Cash generated from operations 276,442 (51,256) Net cash provided byl{used in) operating activities 276.442 {51256) Cwh flows from investing activities Purchase of tangible fjxed a&8ets ]nterest reiVed (395,252) 362 272,630 152 Net cash (used inyprovided by investing adivities (394.890) 272,782 Change in cash and eash ¢quivaleDts In the repfrrtin£ period Cash and cash equlvalents at the beginning of the reporting perknl {118.448) 221.526 221,526 Cash and cash equivalents at the eDd of the r¢porting perlod 103,078 221,526 Th¢ notes form part of these financial statements continued...
Kings Church Ministrles Notss to the Cash Flow stat¢ent for the Year Ended 31 March 21b24 RECONCILIATION OF IYET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 as restated Iyet (expendltureylntome for the reporting p¢rIod (as per the Statement of FAnan¢Aal Aeilvldes) Adjustments for: Loss on disposal of fixed assets Interest received Decr¢ase/(incrcase) in debtors Increase in creditors (20,441) 199,343 99.258 (362) 193,313 4.674 (152) (254.744) 4297 Net cash provided by/(uscd in) operations 276.442 (51256) ANALYSIS OF CHANGES IN NET DEBT At 1.4.23 Cash flow At31.3.24 Net ¢*sh Cash at batfft and hand 221,526 (118.448) 103,078 221,526 (118,448) 103,078 Debt Debts fallltig due within l year Debts falling due after l year (37,537) (305,501) (37.537) {290.725} 14.776 {343,038) 14,776 (328262) Total (121.512) (103,672) (225,184) The notes fomi part of these financial staternts Continued...
Kln Chur¢h MiDiStries Note$ to the Flngn¢ial Statements for the Year Ended 31 March 2024 ACCOiJNTLYG POLICIES Basls of preparlng the fiDanciAI stAtem¢nts The financial slatements of tt]e charitable company, which is a public benefit entity under FRS 102, have been prepar in accordance with the Clwities SOR (FRS 102) 'Accounting and Reporting by Charlties: Stsfrmcnt of Recommended PrdcÉice applicable to charities preparing their accounts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019),, Financial Reporting Standard I02 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2(M16. The financial statements have been prepared under the historical cost convention. Income All tncome is recognised in the Statement of Financial Activities once the GhaTity has entitlement to the funds. it is probable that the income will be received and the amount can be me&sured reliably. ExpeDdltsre Liabiliti¢s are recognised as expmdIre as soon as there is a legal or con8trnctive obligation committing the charity to that expendiltre. il is probable that a transfer of economic benefits will be Tequired in settlement 2nd the amount of th¢ obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under beadings that aggTegate all cost related to the category. Where costs cannot be directly attributed to particular headings they have b¢en a]l<>¢ated to activities on a basis Consistent with the use of r¢sources. Tanglble fixed 4ssets Depreciation is provided at the following amiual Tates in order to write off ea¢h asset over its estimated useful Freehold propety Plani and macbinery Fixtures and fittings Motor ve]Jicles Offi¢e equipment 20/0 on cost 250/0 on reducing balance 250/0 on ffthi¢ing balance 251/1 o on reducing balance 250/0 on reducing balanc¢ Taxailo The charity is exempt from CooratiOn tax on its ¢haritabl¢ activities. Fund accounting Unrestricted fimds can be used in accordance with the charitable objectives at the discretion of the bustees. R¢stricted fimds ¢an only be used for particular restricted purposes WAthin the objects of tbe CPrity. Restrictions arise when Specifi by the donor or when funds are raised forparticular restri¢tsd purposes. Further explanation of the nature and Purp of each fund i5 included in the notes to the financial ststements. Pension ¢osts and other postsretlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to th¢ tharitsble mpany's pension scheme are charged to the Statement of Financial Activities in the period to which they late. ontinu¢d...
Kill Chur¢h Mlntstries Notes to the Flnancial Statements - eonthiued for tht Year Ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 &$ restated Tithes and offerings Donatio Gift aid income 372,286 157,486 152.480 610,629 14,744 682,252 625,373 INVEsfMENT INCOME 2024 2023 as reslaled Deposit account interest 362 152 CHARiTABLE ACTIVITIES COSTS Support costs (see nole 5) Direct Costs Ti)tals Direct c()sts Support ¢osts Governance costs 601056 {58) 32,305 30,831 99,831 5,548 632.887 99,773 37.853 634,303 136.210 770,513 SUPPORT COSTS GoveTnance costs Management Totals DiTect costs Support costs Governance costs 30J27 98.582 504 1,249 5.548 30.831 99,831 5.548 128,909 7301 136,210 NET INCOMEI(EXPEI4DITURE) Net income/(expenditur¢) 1$ stated after Chargin(cr1t1llg): 2024 2023 as restated Dq)r¢¢iation- owned assets D¢fi¢it on disposal of assets 46.953 20,712 42,334 continued...
Kings Chutth Mfintstrles Notes to the Financial Statement5 - continued for the Year Ended 31 Marcb 2024 TRUSTEESI REMUNERATION AND BEIYEFITS Martin Broga a trustee of the Charity, received remuneration during the year tolaliing £45,000 (2023.. £A5.1)00) in respe¢t of employment servi¢e8 as operations manager of the tharity. Christop1 Gill, a trustee of the Chlty, received remuneration dwing the year total]ing £30,000 (2023.. £30,1)00) in respect of employment of sfflvices as a pastor of I(ing'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 InedIatelY prior year. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the Ye ended 31 March 2023. STAFF COSTS 2024 2023 as Testated Wagcs and salaries Social security costs Olhci pension costs 160,701 13,828 2,707 111.248 7,840 1.163 177236 120,251 The average monthly number of employees duting the year was as follows: 2024 2023 as Tcstated No ernployeeg re¢¢ived cmoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestricted funds Restricted funds Total funds as restated INCOME AND ENDowf*tENTS FROM Donations and legacies 625,373 625,373 Inveslment income Other irKome 152 52.074 152 52,074 Totsl 677.599 677,599 EXPENDITURE ON Charitable a¢tivitie5 Direct costs Support Costs Governance costs 410582 62.518 5.156 410,582 62.518 5,156 Total 478256 478256 NET INCOME Transfe between funds 199,343 (29.503) 199,343 29,503 contitiued...
Church Ministries Notes to the Financial Statements- conthiued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENf OF FJNANCIAL ACTIVITIES. colltinued Unrestricted Restricted fjJn(ts Total fuT]ds as reststed Net movement in funds 169.840 29,503 199,343 RECONCtLIATION OF FUNDS Total funds brought forward 1,204,879 1,204,879 TOTAL FtJNDS CARRIED FORWARD 1,374,719 29,503 1.404.222 io. PRIOR YEAR ADJUSTMENT Zion House propety was nol capitalised in the charity's fixed assets and I been added to the fixed asset register in the Cu1 yeaes accounts. ii. TANGIBLE FIXED ASSETS Freehold Plant and pmpety machinery fittings COST At l April 2023 Additions Disposals 1.327,480 323,260 (18,480) 68.079 3284 (13.219) 149538 16,199 {3589) At 31 March 2024 1,632.260 58,144 162,148 DEPRECIATION At l April 2023 ChaTge for year Eliminated on disposal 117.321 25,046 (1.722) 54.345 3,761 (10,607) 111.961 13,257 (1845) At 31 March 2024 140,645 47.499 122,373 NET BOOK VAI.UE At 31 March 2024 1.491,615 10,645 39.775 At 31 March 2023 1,210,159 13.734 37,577 continued...
Kin Chur¢h Mlnlstries Y4otes to the Financial Statements - ¢ondnued for the Year Ended 31 March 2024 ii. TANGIBLE FIXED ASSETS - ¢ondnued Motor vehicles Office equipment Totsls COST Al l April 2023 Additions Disposg41s 36,936 45,369 6,140 (4.474) 1,627,402 348,883 (39,762) At 31 March 2024 36,936 47,035 1.936,523 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 33.840 774 34,648 4.115 {3,876) 352.115 46953 (19.050) At 31 Match 2024 34,614 34,887 380.018 Tr4ET BOOK VALUE At 31 Mar¢h 2024 2,322 12,148 1.556,505 At 31 Mah 2023 3,096 10,721 1,275287 12. DEBTORS: AMouNfs FALLING DUE wrrHIN ONE YEAR 2024 2023 as restated Trade debtors Other d¢btors Ac¢nJed income 240,1M)O 14,744 61.431 61,431 254,744 13. CREDITOKS: AMOUNTS FALLING DUE wrtHIN ONE YEAR 2024 2023 as restated Bank loans and overdtafts (see note 15) So¢iaL security and oth¢r taxes Pension Ac1$ and (kfaTed tncome 37,537 8,467 37.537 2,601 58 1.638 504 46,508 41,834 continued...
Kings Church Mintstrfies Notss to tbe Financial Statements - contlnu¢d for the Year Ended 31 March 2024 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 as r¢sts*d Bank loans {see note 15) 290,725 305,501 15. LOANS An allalysis of the matuLIty of loans is given below: 2024 2023 as restated Amounts falling due within one year on d¢mand: Bank loans 37.537 37.537 Amounts falling due in more than five years: R¢payable by instahll¢nts: Bank lo2 more 5 yr by instsl 290.725 305,501 I& MOVEMENT n¥ FtTNDS Prior Net movelllcnt in funds TrdDsfeT8 between At 31.3.24 At 1.4.23 adjustment Unrestrfcted thnds General fidS 1.134.719 240,000 (12,941) {7.500) 1,354278 Restrl¢ted funds Rcstiicted 29,503 (7,500) 7,500 29503 TiyfAL FUNDS 1,164222 240,000 (20,441) 1,383,781 Net movement in funds, included in the above are hs follows: Incoming resource5 Res4xwces expended Movement ill fimds Unrestricted fund$ General fid5 770,784 (783,725) (12,941) Restricted funds Restricted {7,500) (7,500) TOTAL FUNDS 770,784 (791,225) {20.441) continued...
Church Mfintstries to th¢ Flnan¢lal St4tements - continued for the Yt*r Ended 31 March 2024 MOVEMEwf IN FUNDS . conthiued Comparatives for movement in fun(ts Net movem¢nt in funds Transfers between At 31.3.23 At 1.4.22 Unrestricted funds General funds 1204,879 199.343 (29,503) lJ74,719 Restricted fund8 Restricted 29.503 29,503 TOTAL FUNDS 1204,879 199,343 1,404,222 Comparative net rnovement in funds, included in the above are as follow5: Incoming resour¢¢s Resources expended Movement in fjjnds Unrestricted funds Gcncrai funds 677,599 (478,256) 199.343 TOTAL FUNDS 677,599 (478256) 199.343 A current year 12 months and prior year 12 months combtned position is &8 follows: Prior Net mov¢m¢nt iti fimds Transfers At 31.3.24 At 1.4.22 adjllstnnt fijnds UDrestrl¢ted funds General fimds 1,204.879 240.000 186.402 (37,003) 1594278 Restricted funds R¢sttirted {7,500) 37,003 29.503 TOTAL FUNDS 1,204,879 240,000 178,902 1,623,781 ntinued...
Kingy Chureh Mlntstrle$ Notes to the Fillallcial Statements- continued for the Year Ended 31 March 2024 16. MOVEMENT IN FtiNDS - ¢ontlnu¢d A current year 12 months and prior year 12 months Combin net nwvement in funds, included in the above are as follows; Incoming resources Resources expended Movernent Unrutrieted funds General funds 1,448,383 (1,261,981) 186,402 Restricted funds Restricted 17,500) (7.500) TOTAL FUNDS 1.448.383 (1,269,481) 178,902 17. RELATED PARTY DISCLOSi7RLS There were no related paty ImaCtIOnS for the year ended 31 MaT¢h 2024. contillucd...
s Church Mlnlstrles Detsiled Statement of Fjnaneial Aetivitles for the Year Ended 31 MAr¢h 2024 2024 2023 as rest*d INCOME AND ENDOWMENTS DonAtlons Vdnd legacl Tithes and offpAings Donations GAft aid income 372,286 157,486 152,480 610.629 14,744 682,252 625,373 Inv¢stment income Deposit account interest 362 152 Other income Renlal income Mission 80,034 8,136 52,074 88,170 52,074 Total illcomlllg resources 770,784 677,599 EXPENDfTURE Charltable acllvlil¢s Wage5 Social securlty Pensions Insurance Postage and ststionery Advertising Training & Welfare Mission expenses Motor and travel Subscription 75,000 7,840 1.105 16,663 11.iTr) 26,978 10,436 32,305 7,031 3,420 92,180 43.753 16,197 63,726 863 7,367 28,043 149.263 21.291 4,117 955 14,670 75,000 7.840 1,163 14,157 3,754 4.062 11,975 3,51X> 51,648 30,830 32,736 49.855 743 26,966 8201 7,123 22,510 4.634 1,534 14,738 Depreciation Communication and IT costs Utilities Bank and fmance charges Café expenses Other expenditure Donations. paid Gifts and ¢mergency ¢osts Children's church Youth club costs 634,303 381,455 Olher s on sale of tangible fixed asset8 20,712 This page does not fonn part of the statutory financial staternents continued...
KinES Church Mlntstrles Detailed Ststemeot of Financial Aellvities for the Year Ended 31 March 2024 2024 2023 as restated Support costs M*nagement Wages SIKial security Pensions 85.701 5,988 1,602 5,291 27,127 3,200 36248 26.270 17,623 11,504 Mortgage intercst Depreciation 128,909 91,645 Governan¢e ¢osts Accountancy Legal and professional fees Meeting expenses 6,041 1,521 1,909 1,726 1,249 7,301 5,156 Total resources expended 791,225 478,256 N¢t {eJpeDditllreylncome (20.441) 199,343 This pag¢ does not fomi part of the statutory financial stat¢nM]ts ¢ontitiued...
Profit and Loss Klng's Church Medway For the year end8d 31 March 2024 Bran¢h Is Klnrfs Cthur¢h M•dwty. Accounl Tufftov•r 2024 2023 Tax (etht Gfft Alded 154.073 12.980 Tithes offerfng Bank interest Ceived 261.749 249,705 382 152 Total Tumover 416.184 262,837 Almlnlstratlve Costs ArntatY Advgtsing & Markgting Barl( Ch8rgoS 5,537 5.521 26.916 27.560 338 BcJks. DVD'S 6.253 3,882 ChIld'S Chlrth 2.931 2.698 ClotNro expBnses 269 Donations p81d 140.000 3.701 Err4)Ioyws Nl Equiprrnt Hlre 4.955 5.329 Food ar•J drw)k 6.873 7,726 I>0rS & Cla8nlng Grogs wagg8 HospStal 9237 10.940 45.000 45,000 9,490 7,767 Insurar 13,463 10.758 IT Softs¥are and cons#bleS 2.421 1213 eyn588 4.125 8,146 Lègal & Professional f888 Litht, Powèr, Heatin 11 143 8.571 6.488 o¢tivry experts8S 921 1,053 MBs((th ewen88S Mclor V8hirJe Exwws 100 3,637 Pathng 38 1,163 1.163 Prirbkng, Postage and StatK)r 2,699 5.168 11,457 14.284 R•p8irs & rrn¥}tern Smdl 8quipment5 Staff Tralning Subsp0nS and Affi01$ 928 1,214 2.610 3,274 2.015 1.760 Td8phon8 & kntemot S.643 5.189 1.051 Water 16,5931 3,153 Youlh Club 547 1,375 Total PAlministratlv• Costs 319.301 189.432 Op•ratlng Proffi 96.883 73A05
Profit and Loss King's Church Medway For the year ended 31 March 2024 Brarb¢h 1$ Gllln9ham. A¢count 2024 2023 Tumov•r Tilhes and offerlngs Tax credit on GiftAded Inme 141.110 92.988 13.151 3.450 Total Turn¢w•r 154281 Admlnlstratfv• Costs Advertising & Marketing Barth Charges 221 227 Books, DVD 1.520 Children'5 ChLwth axp8ns 1,186 CIDlhlng exp8n Donations paid Employars Nl 3.103 Food and drybk 2A36 Groc8ri9s & Cl&an•¥J Gr06s wages 238 475 30.CQO 30.ot H05Pitality 10.131 Insurances 3.399 IT Sofknare arvj Consurnables 396 K4tch8n g¥pen8es Logal & PrOfe8s1al faès Lyht. P0r, Hélng M•oting trxpenses Mlseion expenses Vahicle Expen8es 470 824 292 3.971 3,739 591 6.098 979 412 Parking 154 33 Printing. Postage stati¢ery Recreational activi18s 1.CQ9 953 Refr8shments 18 Renl 14,670 14.738 Repairs & Maintenanr& property R8P8irs & Maintenan Small ¢quipm8nts Slaff Trainlng Subscription$ and Affllatior Telgphong & Intemet 4,224 4,354 909 4.954 2.416 9S 1.674 Travel and Acct)modollon 425 4,728 Water 659 173 Yo(rth Club Total Admlnlstrntlv• Costs 104709 96.$22 leJatkng Profft 50,552 (851
Profit and Loss King's Church Medway For the year ended 31 March 2024 Branch is Light The Way. Account 2024 2023 Tumover Donations 11,693.00 6.489.39 Missions 8.136.00 0.00 Total Turnover 19.829.00 6,489.39 Admlnlstratfvè Costs Bank Charges 102.(KI 102.00 Idsslon oxpenses Repairs & Maintenanc8- property Subscriptions and Affiliations 27,231.41 4.470.41 0.00 372.86 216.00 216.00 Totsl Admlnl8traliv• Costs 27,549A1 5,161.27 Operatlng Profit (7,720.41) 1,328.12
Profit and Loss King's Church Medway For the year end8d 31 March 2024 Branch Is Carlng Hd$. Account 2024 2023 Tumover Donations 145.793 15.010 Rental Ineomè 71,918 47,190 Tithes and offering5 Grantslfunding Total Tumover 4.480 5,100 8.116 4.884 230.307 72,184 Administratlvo Costs Bank Charges 105 111 Books, DVD'$ 92 Clothing expenses Employer8 Nl 140 5.988 2.4S¥) EqtAprnenl Hire {3171 8.27T 795 FOC and drink Groceries & Cltraning Gross wages Hospitality IT Sore and Consumebks 8.788 10.998 85,701 45.250 1.280 42 5.155 1,652 Kitchan axpenses 1,635 Light. Power, Heating Motor Vehicle Expgnse8 Sl,269 31,902 713 810 Pathng Pen$lon$ 12 1,802 Prinlng. Postag0 and Stat Rate8 348 191 4,003 Repairs & Maintenon¢& propgrty Staff Training Subs¢rfplIo and Affiliations Telephone & Int¢rno1 Travel and ACConallOn 45.761 26,270 2,872 756 1,094 390 1.836 972 23 1,768 Watèr 1.952 1.952 Total AdmInIstrat Costs 229.404 136.357 Oporatlnq Profft 904 {fA.1731