KING'S
(CHURCH
L O U G H B O R O U G H
King's Church Loughborough
Annual Report and Financial Statements
For the year ended 31st March 2023
Registered £harity No. 1160234

KING'S CHURCH LOUGHBOROUGH
TRUSfEES' ANNUAL REPORT (continu8J)
FOR THE YEAR ENDED 31° MARCH 2023
CONTENTS
Page
Trustees. Amual Report
3-12
Inder￿￿lent Examlnerfs Report
13
Statement of ￿nan1)a[ Actvitses
14
Balan￿
15
Statement of Cash Ho
16
Notes to the Accounts
17-29
Page 2

KING'S CIIURCH LOUGHBOROUGH
TRUSfEES' ANNUAL REPORT (ContInu￿)
FOR THE YEAR ENDED 31° MARCH 2023
REFERENCE AND ADMINisfRATIVE DEfAILS
The name of the Chaiity is lfjnds awrth Lowb0￿9h.
Charws regtster￿ numbw ts Ilfy)234.
The Charity's principal address is:
Schofield Centre
Greendose Lane
Loughborol
Leicesterthire
LEII SAS
DurirtsJ the year ended 31 March 2023 fotkmryng [￿x¥S sen￿d as Trust￿ of the
Charity:
Fotiner Chair lths M Laxton (resIg￿l 2022)
MTS S Brfghtrn￿ (resigned 9" Awjust 2022)
Mr A Brad(ett (resigned August 2022)
Mr P Callan (resgned 18° May 2022)
Chair Mr A Hulley (appointed ￿ Awust 2022)
Mr G Duffty (apFK)inted 11 August 2022)
Mrs C Hendery)n {app(Nnted * AUg￿t 2022)
Mr G Parker (app(Nnted Il. A￿USt 2022)
The Core Leader5TrNp Team of the Churth during the year ended 31 March 2023:
Mr A Hulley
Mr G Duffty
Mrs S Dur
Mrs H Moses
Mr P Callan
Mr P Bene
Mrs M Laxton
Mr D & MTS K LoF¥J
Ing's Church is managed on a day-to-day basss by Mrs K Long and Mr A Hulley. Small
Worfd Nursery is managed on a day.tTrday basis by MTS M Whiljey, Both a￿ overseen by
the Twstees.
A￿￿tle
Independent R￿leW￿.
And￿ Russell FFA FMPAT
APR Accountancy Sttvi
Shan House
86 North Street
Keighley
BD213AF
Bankw&'
Santander Bank PIC
Leicester Corp
Carlton Park
Budding 4, Le￿￿1 I
Narborough
Leicester
LE19 OAL
Askews Legal LLP
S and 6 The QBdrant
CVI 2EL
Page 3

KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCH 2023
The Tnjstees present the ￿kx￿t and financÈal stathents of kng's Churth Lwghbmgh for
the year ended 31 March 2023. The TDJ5t￿ adopted the provisions of the strt￿n￿lt
of Recommended PrdCtKe (SORP) 'knountrng and Rewtlng ty tharflles. 2019 {FRS102) in
preparir¥J the annual rep￿ and financial statern￿ts of the charity.
srRucfuRE, GOVERNANCE AND MANAGEMEP
The Charity was estrdblished by a Deed ￿ Constittrtion as a tharitrble Incryrat
Organlsation (CIO) on 29 January 2015.
Recrultment and Appointment of Trustees
Trustees are app￿nted by the exlsting Trustee FA)ard. from tr￿ Charfty IFust&s,
all Tnstee5 must te app)inted for a temi of three yeaTS by a ￿l[bOn passed at a properly
convened meeting of the thrtty Trustees. In seletting individuals fvr appointh)ent as
Charity Twstees, the tharity Trustees must have regard to the skills, knowledge and
experien￿ needed for the dferttve administrati￿ of the ao. Thls pro(￿S would take
account of trse recommendations fr(m the recogni5ed SFMlitual leaders of the ao. The
senior spiritual automatically will be apwinted as an ex-offiao Charity Trustee for as
kjng as he or she holds that offltr. At the erKI of a term of three year5, any pwson retiring
as a Charity Trust￿ is eligible for reappointrna)t Apart fr(Mn the first Charity Tw5tees, a
Charity Trustee who has s￿d for three consecutive terns may not be reap￿Anted for a
fourth consecutive term, but rEap￿inted after an inteNal of at least orE year. All
new a￿rity Trustees rE￿1ve a copy ￿ the Deed of Conststution, a copy of the m05t recent
Trustees. Annual Report and Statern￿t of accounts, and coples of the ao Polky and
Procedures documents.
Oryanisati
The Charity is gtwemed in law by the and decisions may be ta￿ either at a
meeting of the Charity Trustees, or ￿ resolution In writiThJ or etectronic forn agreed by all
of the Charty Ttustees.
The mlnlmum numtEr of Tru*ees is three, and a M￿muM of twelle. The spiritual wdfare
and direction of the Church communty and tts acmies are the restK)nsTbillty of the Core
Leadership t&im (one of V•thom is an exthio TrL￿), aciing wlth the advi￿ and supp)rt
of the Trustees.
The Trustees ￿rnaIn resP)ng￿ for er6urtng that the Ccffe Leadership Team athities are
commensurate to the goals of ￿ CIO a5 Stated in the Deed of Con￿l￿On.
The CIO has FKMErs to <b anything whkh is considered to fvrther its ¢)biects or 55 conduce
or inadentsl to dolng so.
Pa8e 4

KINGS CTrIURCH LOUGHBOROUGH
TRUSfEES' ANNUAL REPORT (C￿inued}
FOR THE YEAR ENDED 31° MARCH 2023
Rlsk Management
The Trustees have rewettd the major risk5 to thch t￿ Charity is exwsed and systems
have been estsb1ls￿ to mitigate thc6e risks. Slgnificant external risks to inco￿￿ are
reviewd every six months ts) ensure that suffio.ent fvnds are in Intemal risks are
and mlniml*J by Ihe Trustees iry the im￿eMentati￿ of procedures.
Our Wicies and procedures are ￿Titten to comply with the GDPR regulati(￿, to ensure safe
handling and use of peFsonal dats, wthin the or9anisation, and a￿ updated at least on an
annual basis, or more regulady Jf necessary.
OBJEcfIvES AND ACTrlmES
The Deed of Consti￿On Ilmlts the Charws operation to sp8ific obiecbves and purposes.
The objectives of the Charity are as ftllows..
The advanc￿nent of the Christian FaFth and ￿ worship of Gxl in
Loughborough, Leicester&llre and eisa¥hwe.
The rdief of perwns in need, hardthip or (ffstress or vkn￿ are aged or srcL
The advancernent of ediKatlon on the basls of ￿￿15t￿an prinLi￿es.
In shapiFVJ ow Obj￿bveS and planning our activities, the Trustses have considerEd the
Charity QJmmis5ton's gUIda￿e on publtc benrt irKludlng the gUIdan￿ 'public benefit:
njnning a Charity (PB2)' and the athrbes we [KoV￿ fulty renert the purpjses f(￿ which the
ao was set up.
The visloTr statement ts:
The values that underpin our Church famlly are..
We See church as a vtbr3nt communty Itvtng as a lovFng famity. Our vlgon Is that everyone
will understsnd G(xl¥ wrFM￿e, te passonatety rn ￿ *ith JesLS and lfve autherttc Spwrit-
filled Itves.
We believe some of the gre4ltest rwuros r￿e have a￿ thar dreams and gifts.
Page 5

iaNGS CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCII 2023
We believe these come from GCKI ar•J are Hi5 way of expresstng His love for us, Involving us
in His plan for the whote of wt1￿. We are committed to helping people discover arKI
thrive in their dreams a￿1 the of gfG.
We desire to cultivate ￿ environnEnt of faith, hope and love, and wre5s these through
our joyi ge￿roSty, Ca￿ and sense of adventure.
We encourage everyone to live a JesLS-centred life and, as His apprenti￿, resFK)nd to HIS
commission in the context of communty. We want to help people find a K4ao to betoTrJ
eXper1er￿ the powerful dfert of ￿dS k)ve and grace.
We are motivated in every acyvty we do as 8 thurch family by jesu￿ love, lrfe and mi￿on.
This shapes our very e￿Sten4 kno¥Ylng that just as the Father sent Him 50 Jesus sends us.
The Charltys ￿dIUeS tFErefore are:
Gorng
CvnonsbBting a complete commitment to disathh4p- to be dtsciploj
and to dlsople
PrioritisirvJ an intentlonany mlssFonal way of life
o A commitment to hospitalty atxl servanthoc*J
o A c(mmitment to ¥owirvJ' people Into communities, cities and nations
DevebFrfng way5 of blessiThJ pwle thrrwh our creative generogty
GrowlrKJ
In love with and p￿PIe
In our Christ4ikeness
o In lifestyle-based kno￿&￿e of s nature and purpose
In the dreams and gifts G(*J has put in us
In our ability to Serve and Oth￿ people and God's WIH over our CY*vn
In our relatiorship5 thrcxjgh aco)untability wtth each other ar￿4 variixts gifts
as revealed in Ephesians chapter 4
In numLErs and infiuwKe
Page 6

iaNGS CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR ThE YEAR ENDED 31° MARCH 2023
ACHIEVEMEf+rrs AND PERFORMAN
After effects of the pandernic became apparent In the form of ftactured rel*ionships and
differin8 views wlthin both the Core Team and the Board of Trustees. This was coupled with
a further reduction in congregation membership and so measure5 to streamline church
services and initiatives v￿re put in pla￿. Sttète8ic measure5 tsken were aimed at both
problem 501ving and priortknsing the pastoral Ca￿ of the remaining congregats"on. After
un5ucces5ful attempt5 to brin8 a resolution to a wtde range of issues the King's Church
leadership team (the Core Team) was disbanded, and the congregation as it had tradits"onally
met Wa5 Stopped. wtth the majorrty of members joinlng other I<Kal congregations. A new
Board of Trustees was fomed takln8 measures to safe8uard the CIO'S interests and assets,
coming to the conclusion that the Schofield Centre should be sold due to insufficient funds
to keep tt running.
Knowing selling the building woukl displace the Small World Nursery discussions with the
Nursery Manager ensued, proposing and pursuing various options for its future.
Board of Trustees.. The previous Core Team leader wa5 appointed as a Trustee and formed
the new 8oafd of Trustees. The new Board members had previously served as frustees
3nd/or leaders of King's chLfrch. Due to prior knowledge and experience of the congregation
and CIO it was deemed they were best positioned to help bring a clear lead.
Core Tearn: Prior to the breakdown of the Core Team. and through to the point of the
congregation ceasing to gather as it previously had. the Core Team provided good care of
members. Congregants, and especially those with pastoral or practical needs. were
supported by individual members of the team highlightin8 the ongoin8 setf-sacrificing nature
of the leaders.
Tenants". In accordance with tenancy agreements. tenants of the top floor office5 were given
nots.ce of the planned sale of the building
Local P•Yisglon
Congregational meetings: As previously mentioned during the attempt to brlng a resolve to
differences within the Core Team. there was a reduction in meetings for the thurch famlly
due to the much smaller number of people. Gatherings were More centralised in the
Sthofield Centre and were a mix of worship. prayer. meals with time in discussion 8roup5 on
Sunday mornings and then some mid-week meetlngs goin8 through the 2417 Prayer Course.
Pa8e 7

KINGS CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCH 2023
Young people: The excellent provision for young people unfortunately ceased as onty a few
pre-school children now remained. A spate in the rnain hall was created for parents to care
for their own children durlng the meetin￿.
Town Wide Misslon
Playtime
Following the enforced pandemit dosures. Playtime ￿sUMed at the end of September 2021
both Tuesday and Wednesday mornings. From April 2022 untll December 2022
attendance wa5 a lot lower than it had been prlor to COVID-19. There seemed to be
number of reason5 for thi5: many of the children had moved on and gone to nursery or
school: some families were still nervous about being in an enclosed space," families didn't
want to do the same thin8 every week; the red￿￿d numbers afferted the atmosphere so
some families didn't enjoy being part of a small group/event. Playts'me was also one of the
last playgroups to reopen due to Small World Nursery continijing to need the space to do
their handover5 to parents. who were a711 not being admitted into the building. and this
meant that some families had simply found other playgroups to èitend.
Volunteer numbers were also affected. with people being relurtant to ¢ommrt to being part
of a regular team or even attending weekly. To run sessions Playbme had to 'borrow'
volunteers from other projects in the building.
By December 2022 the situkn'on vas no longer ￿￿Tkable. and following the Chrlstmas
parties the decision was made to remain dosed after the holiday season.
Breakfast with Santa
Our frdmily outreadi event. BWS took plao on Saturday 3 and Sunday 4 December 2022.
Families contribute a minimal amount to attend the event. This indudes a small cooked or
continental breakfast for the children ond a hot drink and pastry for adults,. a vF5it to Santa
and a small gift.- a bag of age-appropriate Christmas crafts to take away. Families were also
offered an opportunity to take part in our Journey to Bethlehem. a5 a free addition to thelr
Santa visit. This was a chance to experlence the nativity story through craft and stories.
Both elements of B￿akfast wtth Sants were very well received véith good feedback from
families about the standard and provtslon of the evenL
Over the 2 day5 50 familie5 *tended: 95 children aged O to 13 years and 87 adults in totsl.
Page 8

KINGS CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCH 2023
The HUB Projert
The HUB Project be8an in May 2021 as a subsidised community pantry called Cupboard on
the Comer. By April 2022 the membership number was 196. The number of new
households that joined the pantry for the period April 2022 to March 2023 was 151.
representing 247 a¢Yults and 192 children. 57 households renewed their membership for a
setond year, representing 96 aduEts and 67 children. This makes the total number of
membership subscribers during this period 208 household5 representinE a tot41 of 343
aduh5 and 259 children. The average pantry attendance during this period was 85
households per week. At the end of March 2023. the total number of members was 356,
and the nurnber of families looking for support continues to rise.
During this time period The HUB Project expanded to include a fre*tO-use clothes bank lThe
Corner Boutique) and a pay-as-you-feel communFty Cafe {Kir5Vs Cafe). These two Services
underpinned our existing community work by providing support that the pantry members
were asking for. We began fund ralsing to develop the cafe into a safe communtty space and
Warm Hub forthe wlnter months.
International Mtssion
A number of members of Kin￿$ Church were sponsoring children in the Bangalore
Orphanage.
India. This support conts.nued despite the Sponsors movtng to different congregations.
Relationship5 Wlth the churth in Zambia have continued to develop and with financial
contributions made to the building of the communtty project at Lufwanyama. Building work
had stalled durlng the pandemic but is progressing once again.
Voluntew3
King's Church relies heavity on the voluntary work of its members to sustain the church's
weekly acttvities. It is difficult to name all Voluntee￿ as the essence of membershlp in the
chLtrth 15 a voluntary participation by all people.
Whefe Voluntary worker5 are responsible for children or Vulnerable adults. each volunteer's
history Is first checked with the DiSC￿sure and Barring Service before Starting.
Page 9

KINGS CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCH 2023
Diversity and Znduslon
The continued use of hybrid meetin8s and pastoral visrts ensured those most vulnerable to
isolation and eydusion were encouTr8ed and cored for.
Communion was planned and administered with careful thought gr'ven to how people from
various lrfe experiences (such as addicty"oA51 and medical conditions were provided for and
given the opportunity to take part. As participation is on an individual's own volition some
chose not to take part. without question or judgement.
Safeguarding
The Trustees take their responsibilities for safeguarding very serlously and continue to
review the safeguarding procedure5 on a regular basls at Tnjstee meetings. Safeguarding
personnel are adequatety trained and are supported by the leadership team. Safeguarding
for Small World Nursery is rwewed tsrmly and annually by Trustees Én line with OFsfED
requirements.
Plans for 2023 and bey￿1
-House Churth-
With just a few of the King's Churth member5 remaining the focus will be to fdther in
house. These Smaller group meetings have been an essential part of the churthes
functFoning and will continue to be moving forwards.
Sale of 1x￿dIng
Our Agreed Artides. Policie5 and Procedu￿$ and regular (ommuniL*ion with the Charity
Commission is providing the necessary guidance for the Trustees in ptsrsing the sèle of the
building in order to safeguard the future of the CIO.
The Trustees will continue to work with the Small World Nursery manager to pursue options
for the nursery's future. A search for new premises to ensure a searnless transition for the
HUB Project is underwav.
Name d￿nge for the CIO
A change of name for the ao is permltted withln the scope of the A8reed Articles and will
be pursued at the appropriate tirne.
Page 10

KINGS CHURCH LOUGHBOROUGH
TRU5fEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCH 2023
FINANCIAL REVIEW
King's Church Loughh)rough i% deFeTrdent on dc￿ationS, fees ar￿ charges to meet its
operational costs. An annual budget is prepared, and artual results against this budget are
iewed quartedy iv the TNstee5. There are a numt)er of fart0￿ affecting the Tithes Bnd
Offerfngs. induding people rnoviTr] ayfdy atm1 the current economic dimate, along with
FEople Pa￿ng away. Due to the regular remew process any reduction in pfanned Tithes and
Offerings mean that budgets are able to be adjusted as necessary in order to safeguard the
Charity and Fts reserves. At 31 Mard) 2023 the (J)arFty had total reserves of £393,767 (2022:
£446,131), of whith £2,628 (2022.. £4,508) restrictsj, with cash at bank and in hand of
£125,798 (2022: £130,319). The current cash resms are within the allowable boundaries
identified in the reserves pdicy.
The Fdlcy for holdirfj some cash on reserve has been made for the followtThJ reasons:
l. To accommodate the monthly fluctyations in income and Qwendit￿e e.g. the
quarterfy gift aid tsx daim and the irKome ftDm trE Small World Nutsery.
2. To promde a In the evert of a sgnificant k)ss of church membership and
assodated glvlng, from whom about 6(PA) of ￿ total TnJ5t income is generated.
3. To enable continuty of the Small World Nursery in the event of a sudden reduction
in child attendarKe (30%t of tDtal income).
4. To provide Immediate funds to 5UPPOrt the imptementstion of wojects in
furtherance of the tnjsvs aims as and when the Dp[￿1nty arises.
The Trustees feel that in order to fvlfil the ra]uirements noted in polnts I to 4 above, It
would be appropriate to hold a minimum cash reserve of I month's totsl Tnjst expenditure
and a M￿muM cash regerve of 3 month's totsl Trijst exwditure. In 202212023 the total
Trust expenditLrre was approximatdy £521,809 (2022: £546,047), This would equate to a
minimum cash rEserve of £43,484 (2022: £45,504) aNI a maximum cash ￿SeNe of
£130,452 (2022: £136,512).
At the el￿ of the 202212023 financial year the cash tEsetves tnduded an amount of prepa5d
income of £40,394 (2022: £1,102) for the fiT& quarter of the next financial year and
(JedFCated fiJnds of £l,C61, mainly in rdation to the deveFopment and openlng of Cupboard
on the Corner. Deducting these from the cash reserves totsl. the remaining cash wrves
were appr0￿matelY 2 times (2022: 3.9) ab￿e the minimum cash reserye, which the
TnL*es consider adequate.
Pa8e 11

KINGS CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YE4R ENDED 31° MARCH 2023
Annual budgets are prepared in thKe of e&h fir￿nCId )Ear, th& exFthI Inco￿ arKI
endItU￿ are balanc&Y, th• pThtding no net i￿leaSe or in the amount ￿ cash
reserves outsKle clthe px4icy.
The level of reser￿ vAlI te on a r8Jular th2 nml TNstees' M￿ting$.
Adjustments tL¥ Wgets will rn athan￿ of each finarKial y83r to e￿Ure that trust
maintain5 *s rese￿eS wtthin the prwrL*d IHnits.
Reserye5 Polry y￿71 Ee revie￿1 annualty in wtth prod￿tion of annual accounts
changes to the re￿￿ pcrfy will LE agreed ty Tr￿ a￿1 mlnLrted W>￿1￿jty.
L•4 ap[4Ka1￿ tr) charitEs in arml wa￿ reqL￿ the to prete￿ fiThyKial statgw*5
for eath flnavKial year wlxth we a tjue and fatr view L* the flnanoal a(tivRies L* the C￿rity durir
Ihe year. ar#1 of the flTh3noal IYAi)n of Charity at the ￿ of the year. In pre[4vir￿ finartial
Ststen￿ts gbVUW a èrdl fdir vw. the Tnth should fDikn¥ best prndice and .
Make sound and stimates that are reasonth arkl and
have teen fth¥ol, subhl tv ary di5dosed and e¥plaI￿ in the fina￿la1
Prepare the firthoal statwts on c(rKwn unkn ft ts apwopriate to
f￿nCIal poskn of the Chty and whrch tkn tr) wJre that the fir￿aT￿lat sktem
compty with applt(able regvlaiior6. are a19) r&[￿tsible for saf8Juardlng the assets of ts
AThJrew Hul
Lknl . li" 2024
Gifes Parker
Dat&J . ii" Novemtw 2024
Page 12

KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31° MARCH 2023
l on accounts of for the year 31 Marth 2023 whlth are s& on pages
15 to 30.
As the Charity5 rnj5t￿ afE reS￿nSIble for the We￿lIat￿M (* ￿ xcounts in accord￿ wrth
the r4ult￿nerrt5 of the Charitk5 kt 2011 P£n which gi4E a and fair th. The Charivs
Tnstee5 (pns¥kr that an au￿ is I￿t r￿￿1r8￿ Far ended 31 f•laTch 2023 under wtion
IW2) of ttte Charitses P£t 2011 arKI that an tThJeFendent ExBminat*Jn s ￿led. sin￿ the a*riVs
gross Income exceeded £250,000 your examiner must a memLw of a list&1 in section 124 of
the Art. I confinn that l am qualsfied to uNlertake the examinatN)n, a mwtber of the Institute
of ￿TranCial Accountsrts, which is one of the listed trKKJEs.
It Is my r￿IbIlIty to .
examine the ￿CoUnts urbts sert11￿ 145 of the 2011
to folkTh¥ the pra￿UTeS thwn ffl the general Diretttons gi￿ ty the Qharty
Commission under section 145(5)(b) of the 2011 Att; and
My examination was orri&l out in acCOrda￿e ttt gerETrl DI￿1(￿5 gh￿n by the Charty
Commissx)n. An eXamIrta￿n indL*Jes a ￿le+¥ of the accountirtrJ recorrls k£pt by the Cknrity and a
unusual ttems or dtsc10￿r¢s tn the accounts, aThJ 5eeklng expkrtatyjns from a5 Twsttts
concerning such matters. The pKralure5 uThJertaken do nrt pThide all the evKfjen￿ that wo¥Jld Èe
rquIr￿ in an avdit arKI 0)nSeq￿ M 0pM*￿ is gfven as to vhkn the accourts a Irue
I have my examination. I confim that Th) material matters have come to my attendon fn
connectiDn with the examlnatM)n giving me cause to ￿lIeVe that in any material asFect .
i. the accounting record5 were not kept in res￿ of the Chaniy as r8]uirèJ by sect*)n 130 of
the 2011 Actr,
2. the accounts th) not accryd with those rec(*ts: (
3. the accounts do not compty with the applKatAe raWir￿nents corteming the fom and
content of accounts set out in ￿ char￿eS (kcounts and Rep￿rts) ReJuLatlons 2008, 0th
t￿n any requirement that the ￿lltnts grve a arttl fair vieK, Wh￿th 15 not a matter
Consid¥￿ to LE part of an ExAminatM￿.
I have rK) concerns and ￿rO$S other matters In Connect1￿ wth the examination to
whtch attention should be drawn in thts Eepxt in c¥der to awble a ryoper urwkntanding of the
Andrew Russell FFA FMAAT
APR Accountsncy Limited
Shan Htxtse, 80-86 Ni)rth Stre¢
Keighley
West Yorkshi￿, BD213AF
AndTew Russell
Datoj . iith N(wnbw 2024
Page 13

FOR THE YEAR ENDED 31MARCH 2023
Income
y&773
Smdl W￿d
331157
&448 3￿.f
Z5231
9*96
718
304.823
325
32L148
¥4
Z￿8
237
237
224
24,224
6.481
437,85
24
4614
Makn Chwth
Small Worky thJthy
17
12933
3LEJ17
ias.ns
315.615
57.597
2.839
141,317
331555
64914
3.261
8A48
25
940
4317
422
51
17
a52S4
SJL766
34.281
SI6￿7
1SLB711
73,912 .
83,647
I￿7)
ISU641
P3JU)
183.64n
funts at
31 Marth 2021
441623
515535
14.241
$29,778
31 Marth 2022
393.767
446.tsi
Page 14

AS AT 31 MARai 2023
2023
325.Y38
343,736
Debto
Ca&fj * b3fik In harKI
26.6n
17551
I￿.31>
I4?￿11
71x6
17.142
8L163
12on9
133a4
14334
NEf ASSErs
393.76P
Spsial Offerings &
14
Ca￿tal Fund
14
14
14
32%938
34736
General Fund
64.920
TOTAL CHARTfY FUNDS
393.767
A46.g1
Pdge 15

STATEMEKf CASH FLOWS
AS AT 31 MARCH 2023
20
2022
1543641
iY.798
127,707)
19.1191
39.164
1816471
L7.938
124,4611
7586
ISOA291
{[ncreaSe)Id￿rea5e kn delrtrKs
(35h tyl(￿ in)
132.2281
Rentsl incLYne
24,D4
23?
JJ69
ty1(UE8J w)}
27.n7
24161
11085521
Cash tath eqillvkn at I 2022
23L871
125.798
IXl319
Cath at bth¢ th haThl
125,79B
)319
Page 16

KINGS CTrWRCH LOUGHBOROUGH
FOR THE YEAR ENDED 31 MARCH 2023
The charity (Dnstitlts a health tentht ￿tity as by FKSL02. The financial statemwts Iwe
F(ep3red under the histrix(£l ty)* conlthion aThJ in ac0Xdar￿e PKrfjurtiro and Reporting by
IDes ". gatemert of R￿QMMended Practice applio14e to dk￿r￿"eS pra￿an9 their in
rrtan￿ wtth the Finan(ial slaTh￿ aOKabJe in the UK ￿ Pwic of Irdand in
cLtcA)w 20101(knlJes ￿1p FR5102), the Charities Att 2011?￿d LIK Ge)*aRy Accep￿ Pmyjntiry
and are kxeseited in (see Tr)te L3). Assets aThl liatiltties a￿ ir1ibal￿ recognt5ed at his￿(al ¢)Jst or
at ret ￿0k vaJu& Dep￿ial￿)n i8 dalat8J to ￿lte down the o)* or Wdljation of ts1¥Ji￿e ftxed assets to
2%ofcc
IO%oftr
comwter 8JiiFwt
Donatiorts are rKogrtiseJ w recept and d3￿fied at that rMt as th Lmrtsth"rted (* rethctEd ifttte
tnteyest funds W OD (W is 1xthi1(￿ rfthe irteYe* p&kl or poyable tw the Bank.
iRknliOes are r￿nis￿ as exkvKIEiure as s(on as thae ￿ a18Jal coligat*)n ca77m¢iti"ThJ the
chaTty to that e￿￿￿rture, ft Is kxoith ttot %•il te Mw"red and tt* anryjnt rf the cijligati
n ￿ measu￿￿ rellaljy.
E¥pendibJre Is an b•15 and has t*en urthr htrathrus that a93reg* all the
costs relataj to that ￿￿vity. ithJir¥J W and ￿)vernM cogs For n￿￿ InfOrn￿l￿jn on this 4lkthty"
Pa3e 17

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 IIARCH 2Q23
The *k*atiC￿ ofgownarxx and cogs s anatsl in nrte 4.
a smlar na
Tanglt4e assets aCoul￿d urmler firorKe lea￿ a￿1 hwe puth c(xTrtsacts are Ca￿1￿￿1 attre eslmated
fair value at tr* date of TrnCeF￿ ofeKh lease w (oJrtra(L The tcd are allrK3ted O￿the
oflease In a VRY bj fft a re8sW cOng￿th¥ge (ffi the outstJ)diThJ IkaLllli*.
OpeRtln¥ Le#se%
Rentsts pkl opuatir¥J ￿SeS a￿ a3ainst a •ht line Ws o¥trthetemJ tease.
Ta¥atloA
Taxabon has not rexttftrthe ￿T0fthe Charty rffl the grouihts th#t Sg*"on 505 L*
the IncoJr* aTrJ Coryxjth Taxes 1988 a[￿Re5 (eXgW•n rf tharities frorn taxatwjn).
ofthe thn￿5 h) w ts¥ asitr*se are WtrKJed tD be t¥"TrJi)g tots Trustees.
that part ofthechurch'sfurbts whtth a￿ t￿d LP in fixoj as*ts ofunrÈttrKknI irKw aJJu5ted
d￿n￿ed fiJFxls aThl the Caiknl FurMI.
Page 18

NUfES TO THE ACCOUKtS
FOR THE YEAR ENDED 31 MARal 2023
2023
2022
Nits'onal Grid ESO Grant
Nats.￿al Lotr gr&tt
Othr gRnts
24,018
LwJhbor￿gh, owied In kne 2021.
Page 19

MOTES TO 7HE ACCOU1￿$
FOR ThE YEAR ENDED 31MARCH 2023
Tctsl
2022
OwF¢h
s￿1 Workj
r￿p￿￿)3rd on the CoTner
15,755
292Tr1
112551
k3,77B
128.3C6
306,669
$0I51
729
135,715
315,615
57,597
2,839
126J29 486.55S
511,766
I27￿3
511,7e6
Makn Cthurth
Small Workl
Cuptsmrd OTS the Comer
I￿75
L575
13,024
16,940
4,317
25,231
35254
35.2Y
34.281
34.281
34,281
12fi329 S21,￿9 541047
b) Anatyss of YJFP*t Costs
2023
2022
￿￿T(h
SrtX311 Workl Nuwsay
58250 3.
1750
I7￿19
4,161
17,798
97,%7
6.911
103,011
5,227
58.250 6,650
21.
17,Y98
104,478
108,238
s3￿rI] 7.173
29a27
17.938
10&238
Page 20

KINGS CHURCH LOUGHBOROIIGH
rioTES TO THE Accouiirs
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
L8Jal & prDfes%onal fees
875
6,PA15
7,055
4,570
Accwntsrcy f￿. Main thurch
ActcAJntsrry fees. Small WLYhJ Nwwy
AppX)rbonm￿t ￿ gJPF*Jt costs
5,667
4,179
14?74
19,305
4. NEf INCOMEI(EXPENDrnIRE)
Net income/(ex￿dI￿re) for the y￿r s sta￿1 afterdk¥gkyJ .
Indewdent Rein¥lAL*liknrfs reM￿￿￿t￿n
Depreci&"on
i%watlrvJ lea*s
875
17,938
2,474
17,798
5. ANALYSIS OF sfAFF cosrs
Employee costs durtng the were
min(ste￿al gJprKrt
SaJaTies
S(Klal Secwity
Pauon
314,673
13,639
5,289
12,274
5.518
329,
343,3
The ayew r￿j count thlrtro ￿ yEar 26 (2022: 29)
Tfrve empbw V4tt) ￿CeNe￿ ￿￿M￿ts £60.oc￿ thJrtr¥J the year12022 £nil)
6. INDEPENDEKf RE¥￿￿% RED￿NERA￿ON
Page 21

KINGS CMVRCH LOUGMBOROI
NOTESTO THE ACC(Altirs
FOR THE YEAR ENDED 31 MARCH X123
A5 at i 2022
409.W S3.4￿ ll,E67
3,223 48CI,058
As*31tsthX)
4LVJ.E87 53.481
13.&fj7
4￿.056
Depwlatlon:
As at l Aprl 2022
Charye year
36,xi7
13.667
13&322
17,798
A5 at31 2023
41230
13,f*7
3223 154,120
A5 * 31 frIa￿ 2022
326.562
17.174
343,736
A• at 3114•￿ 2023
314.687
IL251
325,938
AN matErb?l a$￿ts are hek4 ftythe own
23
2022
4,327
8,251
4.974
Cth¢ debto
Loan to Netde Hd
6.173
io,L
26.￿1
I7,￿2
1,102
Accruals
Bank ljans
Tardthjn and seLuwty
3,470
17,913
3,036
14.164
71D36
27,142
Bank k>ans
2.SyeJ5
13534
18334

KINGS CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNIS
FOR THE YEAR ENDED 31 MARCH 2023
11. RELATED PARTY TRANSAcrtoNs
None of the Trustees havE been paid any rernunernti￿ in thelr trAe as a Tw5tee. However, the
following have been paid remuneration or other ￿nefftS from an em￿0Yrnent
wlth the charity or as a ￿¥￿￿r￿Up￿ler for the tharity in accordance with the Deed of
Incorporation of the Cto.
2023
2022
Mrs S BracketL ao employee (spouse of Trusfee)
Mr A Hulley
15,552
5,893
9,502
Trustee Mr A Brackett did not tske any part in thscussions regardirKJ the setting
remuneration in reganls to hls spouse.
other Trustee or related party recefved any remuneration In rwect of the years
e￿Ied 31 March 2023 and 31 March 2022.
REIMBURSED EXPENSES
No Trustee recelved any reimbur￿ expenses in the year to 31 Marth 2023 or 2022.
OTHER RELATED PARTY TRAN￿rnONS
Trustee Mr5 M iaxton C￿tInued to Fease a rlhyn from iang's thurch for bu51ness purposes
not connected with ￿r￿j,5 Church. Thi5 Yrns at a rate equwalent to other rton-reiated paities.
Rental income receNed by K]ng% Churth f￿M Mrs M Laxt(ffi during the year amount￿ to
£2,400 (2022 £3,032).
During the year the Trust*5 and Rdated Partles ha￿ made donations to the Charity
amounting to £6,310 (2022 . £18,481).
Page 23

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNYS
FOR THE YEAR ENDED 31 MARCH 2023
12. OPERATING LEASE COMMMIENTS
At 31 Mard) 2023, the Clkirty had armual ccfflmRT[￿ts nM£aKdlabk 0￿￿tir￿j leases on .
2023
2022
WitPMn one year
Two to five y05
1,169
1,271
13. r￿ING CONCERN
CIO has adeqt*te to continue in 1yRlic￿aI e￿SteTh￿ for the ft)r￿atAe fLtsre. thu5 the
Current
RestriLted lund5
Capital funds
tksJgnated ftFnds
General fuThts
325,938
325,938
1,081
64,120
148,760
(84,640)
At 31 March 2023
325,938
I￿2,469
{84,640)
393,767
Page 24

KINGS alURCM LOUGHBOROUGH
FOR THE YEAR EP4)ED 31 MARCH 2023
Balano at
Balance at
Retsined or
378
2592
942
1,320
Zambia
Mlr*stry
OppuTtNty
IThJI￿dlk￿IS 15mBII fijr
(2,592)
1.038
165
1.255
2,128
500
G(weMtn￿t fuThlirvJ
Clk2iaty fwx1t*ThJ
8J2f
124
124
H&p Offert
Nati(Mal Grid ESO gra)t
Nab"0Th31 LOtt￿Y gant
1.213
1213
9.763
2,405
2,250
2,405
2.250
Other grants
34,711
35.254
(1237)
2,628
11 World N
Naticnal GfKI ESO grw
PaJe 25

FOR TME YEAR ENDED 31 MAROI 2023
i&
Funts
2023
23
2022
2022
66.257
f4,257
ftA)J
Heap QYolrvJ
7,216
18,501
1,032
497
259
497
259
379
1,4£3
1,413
24224
1266
123
4,161
4,161
1.750
Sok
1,500
r>Jry
L226
L157
558
1.1
77J6D
Im2
7B.792
iU988
4221
132,Z(Y3

KING'S CHURCH INCOME & EXPENDrnIR
FQR TIIE YEAR ENDED 31 MARQI 2023
17.
F￿d5
Fur¥
2023
2023
2022
2022
2,432
2.432
1.032
2J13
2,231
SrMSal
Messy U)wth
Churth Catering
2,231
705
3.041
1,315
4,131
4.131
Churth Travel
391
391
613
613
to￿71
1.761
l*ap Offe
IOa71
422
543
nts
Kinu2(¥)e
Iso
192
102
150
192
102
354
354
583
871
871
Trthrllr
Minl#ry EXFW
Rufinir*J co*s
Heat & Lbjht
Rates and W
Insuran
Buibliw Malrtenan
& ae3nitYJ
650
iU67
10.179
10,179
1.681
4.032
3￿1
3fi71
11.4(
11,404
offi
pr&eSs￿nd1 F
4.209
6,959
875
815
4209
6,959
/5
815
Mu%c LKenLES & PA
911
177
1.019
911
177
l.019
Bank chargts
Mknlsty ￿pPffi&
Trthe rfTthes
7.700
17,798
7.7(
17,798
17.798
17,798
129.035
L575
130,610
138.554
24
151,578
Page 27

Fund5
2023
2023
Parental irKcffje
171222
5.152
1.179
170.¥6
131,179
186.852
8J24
ISJ,476
Grant incDme
625
602
217
212
340￿17
304￿ IW 321,201
Sai*es
?59,￿1
4J17
11407 I79￿01
3.4&5
3.456
3.fO7
3,456
7.481
7,481
4,189
132
123
132
IQ3
Héat & Wit
4.161
4.161
Equ*M*)t
674
242
674
X2
Sm*1 EqLrfprr
62
MAeage
6qS
1.431
L431
3,￿5
878
749
fithng Mair*ttiat
Mealth & Safety
gaff Uryforn
12
178
178
39
7.931
7.991
377
io.w)
io,c
Bank dw*s
826
trLBrdthEP fiJTrJ
132
132
514
140
140
TOl￿E¥P￿￿1n ￿(￿9 4448 31&U7
315.615
16PIO
332,55S
{iO.TJ9)
(615) (112541

FOR THE YEAR ENDED 31 MARCH 2023
19.
Funds
2023
2023
2022
2022
2022
13.577
13577
1213
1503
l*ap ()ff￿t¥Js
1213
7J12
7￿12
nt kndlng
.0
175
175
Rdea* offvTrSs
2￿92
2592
Total INcoffle
25231
ExpeTrdltyve
Wages
35,294
8067
2,69)
8￿7
2,650
15,809
2,163
6,342
941
A75
21,817
163
al medra
aothes Lknk
Bafik cha
150
1.231
if6
4,317
5,095
28fi51
ikliry upgrade
Café set up coas
Mil&ge
Te￿p￿T
166
26A51
1.173
io
io
Total ExpwNliture
So￿1
25231
57597
4317
61,914
24246
26246
48AO7 -
4J17
52,924
Page 29