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2021-03-31-accounts

Charity No: CIO 1184099

KEC CHURCH CENTRE

Financial Statements

for the year ending 31 MARCH 2021

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CONTENTS
GENERAL INFORMATION 3
TRUSTEES REPORT 4
FINANCIAL REPORT 7

PAGE

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KEC CHURCH CENTRE (Connection Church Centre)

GENERAL INFORMATION
CHARITY NUMBER: CIO 1184099
TRUSTEES: Mr O Nicholds
Mr A Mabiala
Mr D Howlett
Dr E V H Kerekes
PASTOR: DR E V H Kerekes
SECRETARY: Mr O Nicholds
TREASURER: Mr O Nicholds
CHURCH ADDRESS: Cooks Lane
Kingshurst
Birmingham
B37 6NP
BANK: HSBC Bank plc
67 The Parade
Sutton Coldfeld
B72 1PL
SOLICITORS: Garner Canning
& Co
301-303 Chester Road
Castle Bromwich
B36 0AG
ACCOUNTS INDEPENDENT EXAMINER: Mr N James
109 Heathway
Castle Bromwich
Birmingham
B34 6LG

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TRUSTEES ANNUAL REPORT

The KEC Church Centre Charity CIO 1184099 became incorporated on 25[th] June 2019, and took over the activities from Kingshurst Evangelical Church on the 1[st] April 2020

Organizational Structure

The governing document of the charity is a Trust Deed. There are Four trustees who meet at least annually and are responsible for the strategic direction and policy of the charity.

A scheme of delegation is in place and the day to day responsibility for the provision of the services rests with the 'Oversight', which consists of the Pastor and five Elders, who meet monthly and are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met.

Trustees are appointed after receiving unanimous approval by other trustees.

Staf

The Trustees take this opportunity to thank the Pastor and the Elders for their hard work during the past year. Their continuing efforts and commitment to the church are very much appreciated. The only salaried member of the ‘Oversight’ team is the Pastor. The Pastor’s salary is agreed by the Elders, and during the financial year, an increase was sanctioned in line with inflation.

It was agreed to employ Sherry Egginton as Community Pastor from18/01/2021 and Claire Daniels as Children’s Pastor from 22/03/2021, both positions are part time.

Volunteers

Due to Covid 19 some of the church ministries had been stopped but the Charity would not be able to function effectively without the assistance of up to 20 volunteers who serve in many capacities and whose time involvement ranges from a few hours per month to 2 -3 days a week, as well as 2-part time staff.

Trustees' and Elders would like to take this opportunity to express their grateful appreciation for all they do.

Objectives and Activities

The charities objectives and principle activities are to:

Achievements and Performance

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Summary of the main achievements of the charity during the year:

Due to Covet 19 the amount of ministries during the past 12 months has been greatly reduced. We have been able to hold the services on livelink on Youtube and use Zoom for mid-week meetings,

Risk Management

The charity is committed to ongoing assessment of the major risks to which the church is exposed and are confident that the system of reporting which currently exists will advise them on a regular basis of potential difficulties and enable them to take steps to lesson these risks.

Plans for Future Periods

The charity continues to look to start back activities when government allows and to contribute and enhance the standard of living for the people in the local community.

Public Beneft Statement

Worship and Prayer

KEC offers a range of services during the week and over the course of the year that our community find beneficial and spiritually fulfilling using livelink and zoom.

One service is held on a Sunday morning is more aimed at Family worship and includes a specific section for children.

All are welcome to attend our services, but due to the covet pandemic the number of attendees at the morning service was greatly reduced, the chairs in the worship hall were spread out according to government regulation and other appropriate requirements, mask etc.

During the week, discipleship/growth courses (known as Life Groups) are held for people wishing to deepen their Christian beliefs, and regular times of prayer are also held. Through this year we have used zoom for this meetings.

During the course of the year:

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The Community Care Centre

KEC also offers a range of services that benefit and involve members of the community. During the course of 2017/18 the Care Centre has conducted:

Pastoral Care

The Pastor and the leadership team offer pastoral care to both the members of the church and members

of the public who attend the activities of the Care Centre.

This has often involved visiting those who are unable to attend due to sickness and has included a

number of hospital visitations. In addition, the Pastor and the leadership team are available to pray or

offer spiritual guidance to individuals or small groups when requested.

Transfer and Closure

All monetary aspects of the Kingshurst Evangelical Church charity 1081197 were transferred to the new charity account CIO 1184099 KEC Church Centre, on 1[st] November 2020.

Declaration

The trustees declare that they have approved the above report.

Signed on behalf of the charity's trustees.

Signature(s): ………………………… Date: ……………………..

Full Name: Owen G Nicholds

Position (e.g. secretary, chair etc.) Secretary

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FINANCIAL REVIEW 2020/2021

The overall position for the year has been encouraging, with the total income being up by some 3.7% on the previous year. Total expenditure decreased by 1.3% on the previous year. The net income/(expenditure) showed an increase of £7,996

Principal Funding Sources

The main source of funding are donations, gifts and funds generated by charitable activities.

Investment Policy

The charity has only a small amount of reserves and these are likely to be called upon in the short to medium term, and consequently, investment has been restricted to easily accessible accounts. The church does not have any specific investment powers.

Checks are made to see that the return is comparable within the banking sector.

There have not been any party related transactions during the year.

Reserves Policy

It remains the goal of the Trustees to maintain freely available reserves at a minimum level which would enable the General Fund/Building Fund of the church to operate for approximately 3 months at £12,000. Freely available reserves are funds which are unrestricted/restricted and not invested in fixed assets. The church has sufficient reserves in its General Fund and Building Fund to meet this requirement, but the situation will continue to be monitored with a view to increasing the amount of reserves.

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Independent Examiners Report to the Trustees of Kingshurst Evangelical Church

I report on the accounts of the Church for the year ended 31 March 2020 which are set out on Pages 9 to 13.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: . examine the accounts under section 145 of the 2011 Act; . follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and . state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ''true and fair view'' and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: 1 which gives me reasonable cause to believe that, in any material respect, the requirements: . to keep accounting records in accordance with section 130 of the 2011 Act; and . to prepare accounts which accord with the accounting records [and comply with the accounting requirements of the 2011 Act have not been met or 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr N James

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109 Heathway Castle Bromwich Birmingham B34 6LG

Date:

KEC Church Centre Statement of Financial Activities for the year ended 31 March 2020

Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
2019
2018
Incoming Resources £
£
£
Donations, legacy, gifts
Note 7		 82,736
82,736
70,657
Charitable activities 36,915
36,915
38,001
Other income 27
27
6,668
Total incoming
resources		 119,678
119,6
78
115,3
26
Resources expended
Cost of generating
funds:
Cost of
funding
Note 8		 11,263
11,263
10,547
11,263
11,263
10,547
Charitable activities
Note 6		 111,682
111,68
2
113,10
9
111,682
111,68
2
113,10
9
Total resources
expended		 122,945
122,9
45
123,6
56
Net incoming resources/(resources
expended)		 -3,267
-3,267
-8,330
Fund balances brought forward
 578,745
578,74
5
589,04
6
Surplus/(Defcit) for the
year		 -3,268
-3,268
-8,330
Gain/(loss) on revaluation of
assets		 0
0
-1,971
Fund balances carried
forward		 575,477
575,4
77
578,7
45

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KEC Church Centre KEC Church Centre
Balance Sheet
as at 31 March 2020
2020 2019
£ £ £ £
Fixed assets
Note
2		 868,559 889,08
8
Current
assets
Bank 11,940 28,598
Debtor
s
Note
3		 2,839 3,239
14,779 31,837
Current liabilities
PAYE & NIC and wages 0 698
Accrual
s
Note
4		 250 250
250 948
Net current assets 14,529 30,899
Total assets less current
liabilities		 883,088 919,97
7
Long-term liabilities
Loans on properties_Note 5_ 307,611 341,23
2
Total assets less total
liabilities		 575,477 578,74
5
Funds
Unrestricted 575,477 578,74
5
575,477 578,74
5

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Notes to the Financial Statements - Year ended March 2020

1. ACCOUNTING POLICES

Basis of accounting

The financial statements are prepared under the historical cost convention in accordance with the requirements of the financial reporting standard applicable in the UK and Republic of Ireland (FR102) (effective 1 January 2015) - (Charities SORP FRS102 and the financial accounting reporting standard applicable in the UK and Republic of Ireland (FRS102).

Tangible Fixed Assets

Fixed Assets are shown at cost. Depreciation is provided at the rate calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life as follows:

Equipment and fittings 20% per annum Freehold property 2% per annum Land is not depreciated

Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of general objectives of the Church. These are funds that have not been designated for any other purposes.

General funds are those funds which are not designated or restricted for any purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Church for particular purposes.

Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that

aggregate all costs related to the category. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party.

Costs of Charitable Activities comprise all expenditure identified as incurred in the pursuit of the

charitable objects of the charity.

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Apportionment of Costs

Costs which cannot be directly attributed to activities represented by restricted funds are charged against unrestricted income.

Support costs are apportioned between the charity's activities on the basis of salary costs.

2. Tangible Fixed
Assets		 Equipm
ent
Freeho
ld
&
Fittings
Premis
es
Total
£
£
£
72,332
1,009,3
86
1,081,7
18
0
0
0
0
0
0
72,332
1,009,
386
1,081,
718
71,990
120,640
192,630
341
20,188
20,529
0
0
0
72,331
140,82
8
213,15
9
1
868,558
868,559		 Equipm
ent
Freeho
ld
&
Fittings
Premis
es
Total
£
£
£
72,332
1,009,3
86
1,081,7
18
0
0
0
0
0
0
72,332
1,009,
386
1,081,
718
71,990
120,640
192,630
341
20,188
20,529
0
0
0
72,331
140,82
8
213,15
9
1
868,558
868,559		 Equipm
ent
Freeho
ld
&
Fittings
Premis
es
Total
£
£
£
72,332
1,009,3
86
1,081,7
18
0
0
0
0
0
0
72,332
1,009,
386
1,081,
718
71,990
120,640
192,630
341
20,188
20,529
0
0
0
72,331
140,82
8
213,15
9
1
868,558
868,559
Cost
At 1 April 2019
Additions
Disposal
At 31 March 2020
Depreciation
At 1 April 2019
Charge for the year
Elimination on disposal
At 31 March 2020
Net Book Value 31 March 2020
Net Book Value 31 March 2019
2019
£
3,239
3,239
250
250
3. Debtors and Prepayments 2020
£
HMRC gift aid refunds 2,839
2,839
4. Accruals
Professional Charges 250
250

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307,611

341,232

5. Loans on properties Church and Manse

6. Expenditure on charitable activities Unrestrict
Restricted ed Total
2020 2020 2020 2019
Salaries & Employer's NIC 27,552 27,552 25,600
Hire of equipment 3,488 3,488 582
Rent and rates 234 234 1,573
Lighting and heating 3,866 3,866 3,702
Stationery, postage &
advertising 2,356 2,356 2,676
Repairs and maintenance 3,748 3,748 14,911
Telephone 1,508 1,508 1,440
Travelling expenses 1,547 1,547 1,666
General expenses 41,720 41,720 23,545
Depreciation 20,529 20,529 35,102
Professional charges 5,134 5,134 2,312
111,682 111,682 113,109
7. Donations, legacies and
gifts
Donations 43,975
Legacies 1,000
Gifts 37,761
82,736
8. Cost of funding
11,
Bank charges and loan interest 263

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