## **Charity No: CIO 1184099**
## **KEC CHURCH CENTRE**
## **Financial Statements**
**for the year ending 31 MARCH 2021**
_~ 1 ~_
|**CONTENTS**||
|---|---|
|GENERAL INFORMATION|3|
|TRUSTEES REPORT|4|
|FINANCIAL REPORT|7|
## **PAGE**
_~ 2 ~_
## **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|
_~ 3 ~_
## **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:
- Advance the Christian religion
- Support Christian missionaries
- Support Relief of Poverty
- Support Orphanages and Christian institutions worldwide
- Provide a Community Care Centre for support of the local people covering all ages from Parents and Toddlers to the Elderly
## **Achievements and Performance**
_~ 4 ~_
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,
- 45 Sunday Services
- 50 Mid-week services
- 0 Parent and Toddlers Sessions
- 0 Sessions of Lunch Clubs for the Elderly. Whilst we have been unable to run lunch club we have
- provided hot meals on a Monday and Wednesday to those seniors who requested them.
- 0 Group meetings for three different Youth activities
- Due to covet 19 the number of people using the care centre was greatly reduced mainly only Take a Break used the care centre for 179 sessions, the occasional other user were Childminders Group and Early Years for training sessions.
## **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:
- 45 Sunday Services were conducted.
_~ 5 ~_
- 50 Mid-Week study sessions were held.
## **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:
- 0 Parent and Toddlers Sessions
- 0 Sessions of Lunch Clubs for the Elderly. Whilst we have been unable to run lunch club we have
- provided hot meals on a Monday and Wednesday to those seniors who requested them.
- 0 Group meetings for three different Youth activities
- As no lunch club could be held hot meals on a Monday and Friday were delivered to those
- seniors in the community who required them.
- Due to covet 19 only Take a Break used the care center for 179 sessions
## **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
_~ 6 ~_
## **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.
_~ 8 ~_
## **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
_~ 9 ~_
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**|
_~ 10 ~_
||**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|
_~ 11 ~_
## **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.
_~ 12 ~_
## **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||
||||||
||||||
_~ 13 ~_
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||||||
_~ 14 ~_