2021-12-29-accounts - King of Kings Church

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REGISTERED COMPANY NUMBER: 08126711 (England and Wales) REGISTERED CHARITY NUMBER: 1152492

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 DECEMBER 2021

FOR

KING OF KINGS CHURCH

Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ

KING OF KINGS CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 DECEMBER 2021

		Page
Reference and Administrative Details		1
Report of the Trustees		2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Notes to the Financial Statements	6	to	9

KING OF KINGS CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 29 DECEMBER 2021

TRUSTEES

Mr S Liston Mrs M M F Liston Mr O A G Bello (resigned 8.2.22) Mr J M Thelwell (resigned 4.3.21) Mrs G L Thelwell (resigned 4.3.21) Mr P H Dewar (appointed 9.2.22)

REGISTERED OFFICE 200 Drake Street Rochdale Lancashire OL16 1PJ

REGISTERED COMPANY NUMBER 08126711 (England and Wales) REGISTERED CHARITY NUMBER 1152492

INDEPENDENT EXAMINER

Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ

Page 1

KING OF KINGS CHURCH (REGISTERED NUMBER: 08126711)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 29 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's principle objective as set out in its Memorandum and Articles of Association is the advancement of the Christian religion in the UK and abroad by the mounting of public worship, prayer, preaching and bible study.

Significant activities

The charity has engaged in the promotion of the Christian faith. It has provided social care, capacity building through small groups and mentoring. It has conducted Christian outreach to the community of Leeds.

Several donations, totalling £9,189 have been made during the year both to Uk and overseas recipients.

On the 10 February 2022 a resolution was passed to change the charity name from Glory Fire Church to King of Kings Church.

Going concern

The trustees continually monitor expenses against income to ensure that the charity is financially viable

Public benefit

In planning their objectives and activities for the year the trustees have considered the Charity Commission guidance on public benefit. The church relies on grants and donations to cover its operating costs.

Governing document

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. Each member's liability is limited to £1 per guarantor. The membership comprises all the current trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The trustees are appointed according to the Articles of Association.

Organisational structure

The charity operations are conducted by the trustees. The daily operation of the charity is carried out by the trustees.

Investment

The trustees have considered the most appropriate policy for investing funds and consider that a bank current account serves the needs of the charity for the time being.

Approved by order of the board of trustees on 10 October 2022 and signed on its behalf by:

Mr S Liston - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KING OF KINGS CHURCH

Independent examiner's report to the trustees of King of Kings Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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 Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles 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 Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Patricia Richards FCA, DChA Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ

10 October 2022

Page 3

KING OF KINGS CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 DECEMBER 2021

			Period
			31.12.19
		Year Ended	to
		29.12.21	29.12.20
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		63,014	62,318
Investment income	2	20	3
Total		63,034	62,321
EXPENDITURE ON
Charitable activities	3
Charitable activities		53,744	45,000
Support costs		2,013	1,837
Total		55,757	46,837
NET INCOME		7,277	15,484
RECONCILIATION OF FUNDS
Total funds brought forward		20,871	5,387
TOTAL FUNDS CARRIED FORWARD		28,148	20,871

The notes form part of these financial statements

Page 4

KING OF KINGS CHURCH (REGISTERED NUMBER: 08126711)

BALANCE SHEET 29 DECEMBER 2021

2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
2,975
CURRENT ASSETS
Debtors
10
13,519
Cash at bank
15,591
29,110
CREDITORS
Amounts falling due within one year
11
(3,937)
NET CURRENT ASSETS
25,173
TOTAL ASSETS LESS CURRENT LIABILITIES
28,148
NET ASSETS
28,148
FUNDS
12
Unrestricted funds
28,148
TOTAL FUNDS
28,148

2020
Total
funds
£
1,214
13,680
9,971
23,651
(3,994)
19,657
20,871
20,871
20,871
20,871

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 October 2022 and were signed on its behalf by:

Mr S Liston - Trustee

The notes form part of these financial statements

Page 5

KING OF KINGS CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Loan interest CHARITABLE ACTIVITIES COSTS Charitable activities Support costs	Period 31.12.19 Year Ended to 29.12.21 29.12.20 £ £ 20 3 Support Direct costs (see Costs note 4) Totals £ £ £ 53,744 - 53,744 - 2,013 2,013 53,744 2,013 55,757	Period 31.12.19 Year Ended to 29.12.21 29.12.20 £ £ 20 3 Support Direct costs (see Costs note 4) Totals £ £ £ 53,744 - 53,744 - 2,013 2,013 53,744 2,013 55,757
		55,757

3. CHARITABLE ACTIVITIES COSTS

Page 6

continued...

KING OF KINGS CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 DECEMBER 2021

4. SUPPORT COSTS

4.	SUPPORT COSTS
			Finance
			£
	Support costs		2,013
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated after charging/(crediting):
			Period
			31.12.19
		Year Ended	to
		29.12.21	29.12.20
		£	£
	Depreciation - owned assets	952	736
6.	TRUSTEES' REMUNERATION AND BENEFITS
	Two of the trustees received remuneration during the year for services other than as a trustee.
	Trustees' expenses
	Travel expenses were reimbursed to one trustee during the year amounting to £1,457.
7.	STAFF COSTS

The average monthly number of employees during the year was as follows:

			Period
			31.12.19
		Year Ended	to
		29.12.21	29.12.20
	Administration	2	2
	No employees received emoluments in excess of £60,000.
8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted
			fund
			£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		62,318
	Investment income		3
	Total		62,321
	EXPENDITURE ON
	Charitable activities
	Charitable activities		45,000
	Support costs		1,837
	Total		46,837
	NET INCOME		15,484
	RECONCILIATION OF FUNDS
	Total funds brought forward		5,387

continued...

Page 7

KING OF KINGS CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 DECEMBER 2021

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted
				fund
				£
	TOTAL FUNDS CARRIED FORWARD			20,871
9.	TANGIBLE FIXED ASSETS
				Fixtures
				and
				fittings
				£
	COST
	At 30 December 2020			5,245
	Additions			2,713
	At 29 December 2021			7,958
	DEPRECIATION
	At 30 December 2020			4,031
	Charge for year			952
	At 29 December 2021			4,983
	NET BOOK VALUE
	At 29 December 2021			2,975
	At 29 December 2020			1,214
10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
			£	£
	Other debtors		3,063	3,862
	Prepayments and accrued income		10,456	9,818
			13,519	13,680
	Included in debtors is an amount of £2,264 due after 12 months.
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
			£	£
	Accrued expenses		3,937	3,994
12.	MOVEMENT IN FUNDS
			Net
		At	movement	At
		30.12.20	in funds	29.12.21
		£	£	£
	Unrestricted funds
	General fund	20,871	7,277	28,148
	TOTAL FUNDS	20,871	7,277	28,148

continued...

Page 8

KING OF KINGS CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 DECEMBER 2021

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	63,034	(55,757)	7,277
TOTAL FUNDS	63,034	(55,757)	7,277

Comparatives for movement in funds

		Net
	At	movement	At
	31.12.19	in funds	29.12.20
	£	£	£
Unrestricted funds
General fund	5,387	15,484	20,871
TOTAL FUNDS	5,387	15,484	20,871
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	62,321	(46,837)	15,484
TOTAL FUNDS	62,321	(46,837)	15,484

13. RELATED PARTY DISCLOSURES

During the year two of the trustees received remuneration and were reimbursed travel for services other than as a trustee. A creche was also available for the children of two of the trustees again in connection with their services other than as a trustee. Included in other debtors is a loan to two of the trustees in respect of the purchase of a car which is being repaid over five years at an interest rate of 2.5%.

Page 9