King's Church Birmingham
Report and Accounts Year ended 31 August 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
KING'S CHURCH BIRMINGHAM
COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023
Trustees
Philip Ingrey (resigned 15 January 2024) Harriet Gray (resigned 27 September 2022) Christopher Key Simon Elbourn Zoe Smith (appointed 17 January 2023)
Key Staff Steve Morrison Jennifer Key Anna Towler Governing Document Memorandum and Articles of Association dated 29 August 2018 Company Registration Number 11541254 Charity Registration Number 1181329 Principal Address and 57 Church Road Registered Office Northfield Birmingham B31 2LB Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB
Bankers
The Co-operative Bank
| Contents | Page |
|---|---|
| Company Information | 1 |
| Trustees' Annual Report | 2-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-13 |
| Detailed Statement of Financial Activities with Comparatives | 14 |
Page 1
KING'S CHURCH BIRMINGHAM
TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The charity is a charitable company and is governed by its Memorandum and Articles of Association. The objects of the charity, as set out in the governing document are:
· to advance the Christian faith in Birmingham and in such other parts of the United Kingdom and the world as the Trustees may from time to time think fit;
· the relief of financial hardship anywhere in the world as the Trustees may from time to time think fit.
Overview
King’s Church Birmingham has continued to grow, thrive and develop thanks to God and our faithful church members. Our income derives solely from the generous donations of our church members – 129 people gave to the church in the financial year, for which we are incredibly grateful.
140 different people served on a Sunday in the year, on 2106 different serving instances. The church would be unable to function without the dedication and sacrifice of its volunteers and again, the Trustees are incredibly grateful to everyone who gave their time and skills to serve the church community. Yet again, we see how volunteering in this way also helps people feel more connected with the church and enables our members to build deeper relationships with each other.
From starting as a small, homogenous team in 2015, the church has blossomed into a large, diverse, community with approximately 180 people staying connected to the church over the last financial year – on average 100 adults and 40 children (with a high of 60 one week!) attended our Sunday meetings. 58 people joined the church across the year, and we rejoice in witnessing a growing diversity in our church congregation. We documented 16 nationalities present on ‘Celebration Sunday’ in the summer (Australia, Bahrain, Brazil, China, Eswatini, France, Germany, India, Ireland, Malawi, Nigeria, Norway, UK, Ukraine, USA, Zimbabwe).
The staff team have evolved, as we bid farewell to one team member, our Lead Pastor took a well-earned sabbatical and we recruited for a new Kids and Youth Worker to reflect our growing ministry among children and young people. The Leadership Team – a mixture of staff and volunteers – have continued to faithfully serve the church, and the Trustee team has seen one long-running Trustee stepping down, a new Trustee joining and serious thought given to how to grow and strengthen the team going forwards.
Advancing the Christian faith in Birmingham and around the world
Our desire is to spread the good news of Jesus however we can. So, alongside welcoming anyone to attend our weekly Sunday services, we engage in a number of different activities to make and grow disciples.
Making disciples : One highlight of our year was the Christmas carols events where 249 people came to celebrate Christmas and hear the gospel. We also regularly sent a group out to share Jesus on the streets of Harborne and encourage our members to share the Gospel with friends and family. Further afield, we continued our partnership with the Grace Connection community, strengthening church plants in Manchester and Newcastle as well as planting a new church in Larnaca Cyprus via Grace Church Nottingham and encouraging four churches in Blantyre, Malawi primarily through relationship with our Lead Pastor. We continued to partner financially and prayerfully with persecuted church charity, Open Doors.
Page 2
KING'S CHURCH BIRMINGHAM
TRUSTEES' ANNUAL REPORT continued
Growing disciples: In the last financial year, we continued to support 9 mid-week groups to meet across the city to deepen people’s relationships with God and with each other. These groups are a great source of support to those attending and help to combat loneliness in the church. 95 people attended these groups across the year. Most are in the evening, but we also ran a daytime group for people not at work and a coffee morning aimed at parents of young children. We were delighted to baptise 7 people across the year and to run discipleship courses for all our students and graduates making big life decisions. We also hold regular worship and prayer nights, ran the course ‘Naturally Supernatural’ to help church members embrace the Holy Spirit working in their lives, and hosted a morning on reading the Bible together.
Alleviating poverty
One of the main ways in which we seek to alleviate poverty in Birmingham is through partnering prayerfully, financially and practically with local charities, Safe Families and Let’s Feed Brum. Safe Families: We currently have 8 prayer partners, 7 approved volunteers and one volunteer in training – 5 of the volunteers were recruited in the last financial year. In 2022/23, our church network supported 9 families, benefitting 17 children, and a number of volunteers continue supporting families after their official voluntary time has expired. Church members also collected scores of Christmas presents for families known to the charity. Let’s Feed Brum: church members donated socks in September for the homeless.
We have also made a Hardship Fund available for anyone in the church to apply to if they are in need, and continue to be a referral organisation for the Cotteridge Food Bank. We continue to plan and dream about further ways that we can alleviate poverty as a church.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Structure, Governance and Management
King’s Church Birmingham is a registered charity and is constituted as a company limited by guarantee; the directors of this company are also the charity's trustees. The charity is governed by its Memorandum and Articles of Association.
Trustees are appointed by a resolution of the Spiritual Leadership, with due regard being given to the skills, knowledge and experience needed for the effective administration of the charity. In addition, trustees are required to read and sign both the Statement of Beliefs, and an outline of their roles and obligations.
New trustees are already familiar with the work of the charity, as they are drawn from within the church congregation. Following appointment, trustees are given a copy of the governing document and provided with links to guidance from the Charity Commission and the policies and procedures of the charity.
Day-to-day management of the charity is delegated to the staff team, led by Stephen Morrison.
Financial review
During the year income increased by £117,000 to £302,000, which was mainly due to the receipt of some large exceptional donations this year. Expenditure increased by £26,000 to £193,000, which was largely due to an increase in staff costs. As a result the surplus for the year increased by £91,000 to £109,000 and the charity's net assets increased by £109,000 to £298,000. Net assets comprised cash of £290,000 (all of which was unrestricted) and other net assets £8,000.
Page 3
KING'S CHURCH BIRMINGHAM
TRUSTEES' ANNUAL REPORT continued
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than 3 months of budgeted expenditure, as an average of the 12 months for the current financial year so that the charity could continue to operate should income and / or expenditure vary adversely. This equates to holding unrestricted cash of no less than £50,000. At year end, the charity held unrestricted cash of £290,000 and is complying with its reserves policy; the current excess £240,000 has been maintained in order to fund the purchasing of a building on the understanding that our borrowing capabilities are limited so we will require a large deposit.
Key risks and uncertainties
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Responsibilities of trustees under company law
The trustees are responsible for preparing the trustees' annual 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 which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
Zoe Smith
_______ ZOE SMITH - TRUSTEE
Date: 29 April 2024
Page 4
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
KING'S CHURCH BIRMINGHAM ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
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
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners , 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 Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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.
Ajay Rajani
Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 14 May 2024
Page 5
KING'S CHURCH BIRMINGHAM
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments Total income and endowments EXPENDITURE ON: Charitable activities 5 Total expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12 |
Unrestricted Funds £ 295,828 5,454 507 301,790 192,260 192,260 109,530 (403) 109,127 189,321 298,448 |
Restricted Funds £ 538 - - 538 940 940 (403) 403 - - - |
Total Funds 2023 £ 296,366 5,454 507 302,327 193,200 193,200 109,127 - 109,127 189,321 298,448 |
Total Funds 2022 £ 179,623 5,323 12 |
|---|---|---|---|---|
| 184,958 | ||||
| 166,816 | ||||
| 166,816 | ||||
| 18,142 - |
||||
| 18,142 171,179 |
||||
| 189,321 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on pages 8 to 14 form part of these accounts.
Page 6
KING'S CHURCH BIRMINGHAM
BALANCE SHEET
FOR THE YEAR ENDED 31 AUGUST 2023
| Note FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 CREDITORS: Amounts falling due within one year 10 Net current assets TOTAL NET ASSETS FUND BALANCES 12 Unrestricted general funds Restricted funds |
Unrestricted Funds £ 4,825 5,997 290,209 296,205 (2,582) 293,623 298,448 298,448 - 298,448 |
Restricted Funds £ - - - - - - - - - - |
Total Funds 2023 £ 4,825 5,997 290,209 296,205 (2,582) 293,623 298,448 298,448 - 298,448 |
Total Funds 2022 £ 3,171 |
|---|---|---|---|---|
| 4,303 183,659 |
||||
| 187,962 (1,812) |
||||
| 186,150 | ||||
| 189,321 | ||||
| 189,321 - |
||||
| 189,321 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:
-
(a) ensuring that the charitable company keeps accounting records which 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 net income or expenditure 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.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
Zoe Smith 29 April 2024
_____ _______ ZOE SMITH - TRUSTEE Date
Company number: 11541254 Charity number: 1181329
The notes on pages 8 to 14 form part of these accounts.
Page 7
KING'S CHURCH BIRMINGHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
1 Statutory Information
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
- d) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).
e) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
- f) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
Page 8
KING'S CHURCH BIRMINGHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
2 Accounting Policies continued
g) Tangible fixed assets
- Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected economic life. The economic life of the charity's assets is estimated to range from 3 to 7 years.
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
h) Taxation
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
i) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).
j) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
k) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
3 Donations and legacies
| Donations of cash and similar Income tax recoverable 4 Income from charitable activities Church retreats and events Consultancy fees 5 Charitable expenditure a Costs incurred directly on specific activities Salaries, travel and expenses Sunday ministry costs Other ministry costs Training Volunteer expenses Grants payable (note 5c) b Costs incurred on support & administration Governance costs Independent examiner's fee for preparing and examining the accounts Administration Depreciation of tangible fixed assets Insurance Total expenditure |
2023 £ 241,821 54,545 296,366 2023 £ 400 5,054 5,454 2023 £ 133,310 26,386 7,825 1,475 234 11,980 181,210 1,980 5,618 3,658 734 11,990 193,200 |
2022 £ 147,692 31,931 |
|---|---|---|
| 179,623 | ||
| 2022 £ 550 4,773 |
||
| 5,323 | ||
| 2022 £ 112,782 20,399 6,741 4,434 889 11,944 |
||
| 157,190 | ||
| 1,800 4,812 2,330 684 |
||
| 9,626 | ||
| 166,816 |
The fee payable to the independent examiner for preparing and examining the accounts was £1,980 (2022: £1,800); in addition the charity paid £1,078 (2022: £888) to Stewardship for payroll bureau and consultancy services.
Page 9
KING'S CHURCH BIRMINGHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
5 Charitable expenditure continued
c Grants payable
| Grants payable | |||
|---|---|---|---|
| Grants for UK and overseas mission Grants for the relief of poverty The comparatives for the previous year are as follows: Grants for UK mission Grants for the relief of poverty The charity's principal grants to institutions comprised: Grace Connection Open Doors Safe Families for Children Let's Feed Brum |
Institutions £ 10,040 1,000 11,040 Institutions £ 9,500 1,000 10,500 |
Individuals £ - 940 940 Individuals £ - 1,444 1,444 2023 £ 8,040 1,000 1,000 1,000 11,040 |
2023 £ 10,040 1,940 |
| 11,980 | |||
| 2022 £ 9,500 2,444 |
|||
| 11,944 | |||
| 2022 £ 7,500 1,000 1,000 1,000 |
|||
| 10,500 |
6 Staff costs, the cost of key management personnel and trustee remuneration
The average monthly number of employees was 6.5 (2022: 5.3). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:
| Employer Wages & pension salaries contributions Key management connected to trustees: Jennifer Key, who is married to Christopher Key 14,266 713 Key management (not trustee) Steve Morrison 36,475 1,824 Other members of key management The following amounts were payable in the previous year: Employer Wages & pension salaries contributions Key management connected to trustees: Jennifer Key, married to Christopher Key 14,691 735 Key management (not trustee) Steve Morrison 34,500 1,725 |
2023 £ 14,979 38,299 11,714 |
|---|---|
| 64,992 | |
| 2022 £ 15,426 36,225 |
|
| 51,651 |
No trustees received employment benefits in either the current year or in the preceding year.
Page 10
KING'S CHURCH BIRMINGHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
7 Tangible fixed assets
| Cost At 1 September 2022 Additions in year At 31 August 2023 Accumulated depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 8 Debtors Tax recoverable Prepayments and other debtors 9 Cash at bank and in hand Cash at bank with immediate access Notice deposits (with a term of three months or less) 10 Creditors: liabilities falling due within one year Trade creditors Accruals |
Fixtures, fittings and equipment £ 9,322 5,312 14,633 6,150 3,658 9,809 4,825 3,171 2023 £ 3,575 2,422 5,997 2023 £ 119,689 170,519 290,209 2023 £ 602 1,980 2,582 |
Total 2023 £ 9,322 5,312 |
|---|---|---|
| 14,633 | ||
| 6,150 3,658 |
||
| 9,809 | ||
| 4,825 | ||
| 3,171 | ||
| 2022 £ 2,611 1,692 |
||
| 4,303 | ||
| 2022 £ 103,647 80,012 |
||
| 183,659 | ||
| 2022 £ - 1,812 |
||
| 1,812 |
11 Pension commitments
During the year employer’s pension contributions totalling £5,092 (2022: £5,092) were payable to defined contribution personal pension schemes. No contributions were owed at the balance sheet date (2022: £nil).
Page 11
KING'S CHURCH BIRMINGHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
12 Funds
During the year the movements in the charity's funds were as follows:
| Restricted Funds Hardship fund General Unrestricted Funds Aggregate of funds |
Opening balance 2023 £ - 189,321 189,321 |
Incoming resources 2023 £ 538 301,790 302,327 |
Outgoing resources 2023 £ (940) (192,260) (193,200) |
Transfers in the year 2023 £ 403 (403) - |
Closing balance 2023 £ - 298,448 |
|---|---|---|---|---|---|
| 298,448 |
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 4,825 - 5,997 - 290,209 - (2,582) - 298,448 - Unrestricted Funds |
Restricted funds £ - - - - - |
2023 £ 4,825 5,997 290,209 (2,582) |
|---|---|---|---|
| 298,448 |
In the previous year the movements in the charity's funds were as follows:
| Restricted Funds Hardship fund Together Weekend fund General Unrestricted Funds Aggregate of funds |
Opening balance 2022 £ 603 150 753 170,426 171,179 |
Incoming resources 2022 £ - - - 184,958 184,958 |
Outgoing resources 2022 £ (1,294) (150) (1,444) (165,372) (166,816) |
Transfers in the year 2022 £ 691 - 691 (691) - |
Closing balance 2022 £ - - |
|---|---|---|---|---|---|
| - 189,321 |
|||||
| 189,321 |
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 3,171 - 4,303 - 183,659 - (1,812) - 189,321 - Unrestricted Funds |
Restricted funds £ - - - - - |
2022 £ 3,171 4,303 183,659 (1,812) |
|---|---|---|---|
| 189,321 |
Page 12
KING'S CHURCH BIRMINGHAM
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
13 Transactions with related parties
During the year the charity:
-
a) received donations totalling £140,108 (2022: £35,610) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
-
b) paid Julia Morrison, who is married to Steve Morrison (a member of key management), employment benefits totalling £13,022 (2022: £11,520) for providing services in relation to communications, graphics and social media.
Except for the reimbursement of expenses incurred when acting as agent for the charity, no expenses were paid to, or for, the trustees.
Except as disclosed in note 6 'Staff costs', there have been no other transactions with related parties during the year.
14 Members
Each member of the company commits to contribute if the charity is wound up an amount of £1.
Page 13
KING'S CHURCH BIRMINGHAM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 AUGUST 2023
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments Total income and endowments EXPENDITURE ON: Charitable activities: 5 Total Expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12 |
General Designated 2023 2023 £ £ 295,828 - 5,454 - 507 - 301,790 - 192,260 - 192,260 - 109,530 - (403) - 109,127 - 189,321 - 298,448 - Unrestricted funds |
Restricted 2023 £ 538 - - 538 940 940 (403) 403 - - - |
Total 2023 £ 296,366 5,454 507 302,327 193,200 193,200 109,127 - 109,127 189,321 298,448 |
General Designated 2022 2022 £ £ 179,623 - 5,323 - 12 - 184,958 - 165,372 165,372 - 19,586 - (691) - 18,895 - 170,426 - 189,321 - Unrestricted funds |
Restricted 2022 £ - - - - 1,444 1,444 (1,444) 691 (753) 753 - |
Total 2022 £ 179,623 5,323 12 184,958 166,816 166,816 18,142 - 18,142 171,179 189,321 |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| General 2023 £ 295,828 5,454 507 301,790 192,260 192,260 109,530 (403) 109,127 189,321 298,448 |
||||||||||
Page 14