2023-03-31-accounts - King's Church Kingston

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			Page
Reterence and Administrative Details
Report ofthe Trustees		2	to	5
Independent Examiner's Report		6	to	7
Statement of Financial	Activities
Balance Sheet		9	to	10
Notes to the Financial	Statements	11	to	16
Detailed Statement of	Financial Activities	17	to	18

					31.3.23	31.322
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	F.	F.	f
FIXED ASSE15
Tangible assets		7	1,487,056		1,487,056	1,422,992
CURRENT ASSETS
Debtors		8	56,883		56,883	44,872
Cash at bank			130,488		130,488	245,584
			187,371		187,371	290,456
CREDITORS
Amounts falling due within one year		9	(30,366)		(30,366)	(30,810)
NET CURRENT	ASSETS		157,005		157,005	259,646
TOTAL ASSETS LESS CURRENT LIABILITIES			1,644,061		1,644,061	1,682,638
CREDITORS
Amounts falling due after more than one year		10	(468,440)		(468,440)	(480,000)
NET ASSETS			1,175,621		1,175621	1,202,638
FUNDS		13
Unrestricted	funds				1,I75 621	1,202,638
TOTALFUNDS					1,175,621	1,202,638

for t	he Year Ended 31 March	2	023
2.	INVESTMEN1 INCOME
									31.3.23		31.3.22
									f
	Interest receivable —trading									724	2,095
3.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is	stated	after charging/(crediting):
									31.3.23		31.3.22
									f		f
	Depreciation -owned	assets							5,748		7,665
	Other operating leases								11,265		25,344
	TRUSTEES' REMUNERATION		AND BENEFITS
	There were no trustees' ended 31 March 2022.		remuneration		or other benefits			for the year ended	31 March	2023 nor for the year
5.	STAFF COSTS
	The average monthly	number		of employees		during	the	year was as follows:
									31.3.23		31.3.22
	Employees									4	4
	No employees received		emolument&		in excess of 560,000.
6.	COMPARATIVES FOR THE		STATEMENT		OF FINANCIAL		ACTIVITIES
								Unrestricted	Restricted		Total
								funds	fund		funds
								f	f,		f
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies							295,852			295,852
	Investment income							2,095			2,095
	Total							297,947			297,947
	EXPENDITURE ON
	Raising funds							12,734			12,734
	Charitable activities
	Mission and other gifts							45,316			45,316
	Other							190,859			190,859
	Total							248,909			248,909
	NET INCOME							49,038			49,038

for th	e Year Ended 31 March 2023	e Year Ended 31 March 2023	e Year Ended 31 March 2023
	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.23	31.3.22
	Bank loans and overdrafts	(see note 11)			20,000	20,000
	Trade creditors					279
	Social security and other taxes				3,303	5,475
	Pension liability				551	701
	Other creditors				4,916	2,355
	Accruals and deferred income				1,596	2,000
					30,366	30,810
10.	CREDITORS: AMOUNTS FALLING DUE AFTER		MORE 1HAN ONE YEAR
					31.3.23	31.3.22
						F,
	Bank loans (see note 11)				468,440	480,000
11.	I.OANS
	An analysis of the maturity	of loans is given below.
					31.3.23	31.3.22
	Amounts falling due within	one year on demand:
	Bank loans				20,000	20,000
	Amounts falling between one and two years:
	Bank loans - 1-2years				20,000	20,000
	Amounts falling due between two and five years:
	Bank loans —2-5 years				60,000	60,000
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5 yr by instal				388,440	400,000
12.	SECURED DEBTS
	The following secured debts are included		within creditors:
					31.3.23	31.3.22
	Kingdom Bank Mortgage				488,440	500,000
	The above mortgage has a secured debt		charge over the building	included	in Fixed Assets

Comparative	net movement in funds, inc	luded in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		E		E
Unrestricted	funds
General fund		236,642	(248,909)	(I2,267)
Designated	funds	61,305		61,305
		297,947	(248,909)	49,038
TOTAL FUNDS		297,947	(248,909)	49,038

A current	y	ear 12months and pri	or year 12months combined	position is as fo	llows.
				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.23
					E	E
Unrestricted		funds
General	fund		302,993	(31,201)	1,746,381	2,018,173
Designated		funds	850,607	53,222	(1,746,381)	(842,552)
			1,153,600	22,021		1,175,621
TOTAL FUNDS			1,153,600	22,021		1,175,621

Detailed Statement for the Year Ended	ot Financial Activities 31 March 2023
		31.3.23	31.3.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations		262,563	251,716
Gift aid		53,946	44,136
		316,509	295,852
Investment Income
Interest receivable	-trading	724	2,095
Other income
Other income		2,000
Total incoming resources		319,233	297,947
EXPENDITURE
Raising donations	and legacies
Outreach events		24,643	12,734
Charitable activities
Grants to institutions		29,300	19,500
Grants to individuals		11,844	25,816
		41,144	45,316
Other
Wages		116,284	109,342
Social security		7,579	6,729
Pensions		5,521	5,038
		129,384	121,109
Support costs
Management
Other operating	leases	11,265	25,344
Insurance		2,648	1,571
Light and heat		7,487
Telephone		2,142	2,395
Postage and stationery		2,075	2,714
Advertising		5,357	3,415
Sundries		1,404	1,007
IT software 3,consumables		2,531	2,547
Property repairs		86,136
Mortgage interest		21,200
		142,245	38,993