OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

KINGDOM LIFE CHURCH WIRRAL

The report of the Trustees for the year ended 31 December 2024

Introduction

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011, and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 January 2019).

The board of trustees are satisfied with the performance of the charity during the year and the position at 31 December 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and the charity’s assets are adequate to fulfil its obligations.

Purpose and Activities of the Charity

The charity’s objectives are:

The advancement of the Christian faith in such parts of the United Kingdom or the world as the Trustees may from time-to-time think fit including through providing services for prayer and worship and pastoral care and outreach into the community.

Achievements and performance:

An annual Love Poulton Easter Scavenger Hunt was organised for the community with a celebration of Easter. As we hoped, good community attendance and participation took place.

In May, the church held a water baptism at New Brighton Beach. At the same time, an outreach took place as a witness for Jesus.

In August, Kingdom Life assisted with helping a disadvantaged young person to attend the MCYC summer camp. In September, Kingdom Life participated in a combined church outreach, named Jesus Outpouring, on the Wirral. The church’s participation included financial support, hospitality and prayer.

At Christmas, Kingdom Life Church handed out gifts to foster the season of goodwill and to proclaim the name of Jesus, as the reason for Christmas. Throughout the year the church has given love offerings to visiting speakers and supported congregation members in need.

Financial Review Policies on reserves

Adequate reserves are maintained to fund the charity’s activities for at least six months forward.

Availability and adequacy of assets of the funds

The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations in respect of reach fund.

Transactions and Financial position

The charity’s income in the year was £12,426 (2023: £8,067) after expenditure of £8,546 (2023: £12,361) a surplus of £3,880 (2023 deficit of: £4,294) is reported. General liquid reserves carried forward amounted to £12,120 (2023: £8,240).

Reference and administrative details Date of registration :

The Registered office is: 85a Cameron Rd, Leasowe, CH45 1PH

The members of the board of Trustees of the Charity during the year ended 31 December 2024 were: Shereen Arbon – Chairman; Gary Sidwell; Sarah Janette Corcoran and Stephen Robin Arbon

Other offices within the charity working under the direction of the trustees were: Kate Silvera Cull.

Thanks

I would like to pass my thanks to the other Trustees for their help and attendance at meetings throughout the year to enable us to meet the objectives of the Charity.

Structure, Governance and Management Nature of the Governing Documents and Constitution of the Charity

Kingdom Life Church Wirral is a registered Charitable Incorporated Organization (CIO) governed by a constitution. Trustees are appointed by the existing trustees. The Trustees also consider the future need of the charity when looking to add to the group of Trustees, having regard to the particular skills required at each stage of the charity’s development. New Trustees are given a period of induction and continues training opportunities are made available to all Trustees.

The day-to-day operations of the charity are governed by Trustees who are directly engaged in the activity of the charity. Operational and tactical decisions are made by this group. The direction and strategy are discussed at Trustees meetings.

Statement of Trustees’ Responsibilities

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

This report was approved by the board of Trustees on 30 October 2025

Signed: Shereen Arbon Chair of the Trustees

KINGDOM LIFE CHURCH

Trial Balance for the year ending 31 December 2024

DR
Bank account
12,719.84
Reserves from previous year
Accruals
Donatons and legacies
Advertsing & media
358.95
CCLI, membership fees
123.40
Children's ministry exp
150.11
Computer expenses
189.98
Congregant refreshments
650.28
Gifs, caring
1,859.13
Health and safety
254.36
Insurance
133.31
Outreach expenses
559.48
Rent
3,595.00
Repairs & maintenance
372.00
Visitng speaker
300.00
Unknown
8,746.00
200.00
21,465.84		 CR
8,239.84
600.00
paid in Jan 2025
12,426.00
21,265.84

KINGDOM LIFE CHURCH WIRRAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

KINGDOM LIFE CHURCH WIRRAL

Trading Statement of Financial Activities for the year ended 31 December 2024

Income
Donatons
Expenditure
Advertsing & media
CCLI, membership fees
Children's ministry exp
Computer expenses
Congregant refreshments
Gifs, caring
Health and safety
Insurance
Outreach expenses
Rent
Repairs & maintenance
Visitng speaker
Net movement in funds
Reconciliaton of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
12,426
0
12,426
359
0
359
123
0
123
150
0
150
190
0
190
650
0
650
1,861
0
1,861
254
0
254
133
0
133
559
0
559
3,595
0
3,595
372
0
372
300
0
300
8,546
0
8,546
3,880
0
3,880
8,240
0
8,240
12,120
0
12,120

KINGDOM LIFE CHURCH WIRRAL

Balance Sheet
as at 31 December 2024
Current assets
Cash at bank and on hand
Creditors
Amount due within one year
Net current assets
Net assets
The funds of the charity
Unrestricted income funds
Total charity funds		 2024
£
12,720
600
12,120
12,120
12,120
12,120		 2023
£
8,840
600
8,240
8,240
8,240
8,240

Approved by the board of Trustees on 25 October 2025 and signed on their behalf by:

Shereen Arbon - Trustee

KINGDOM LIFE CHURCH WIRRAL

Notes to the Accounts for the year ended 31 December 2024

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The 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) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.

b) Preparation of the accounts on a going concern basis

The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

KINGDOM LIFE CHURCH WIRRAL

Notes to the Accounts for the year ended 31 December 2024 (continued)

e) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

g) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

h) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

i) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value.

2. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.

The charity trustees were not paid or received any other benefits from employment with charity as trustees in the year neither were, they reimbursed expenses during the year. No charity trustees received payment for professional or other services supplied to the charity. There were no transactions with connected parties requiring to be disclosed in these accounts.

3. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

KINGDOM LIFE CHURCH WIRRAL

Notes to the Accounts for the year ended 31 December 2024 (continued)

4. Analysis of charitable funds

Analysis of movements in unrestricted funds The charity has only one unrestricted general fund. The movements in that fund are shown in the Statement of Financial Activities. All of the net assets apply to the one unrestricted general fund.

KINGDOM LIFE
Fixed Asset Register: from
ASSET Date Cost Nov 20 Nov 2021 Nov 2022 Nov 2023 Nov 2024
Dep A Dep Acc Acc Acc Acc
% B/F Depr depr Depr depr Depr depr Depr depr
50
33
33
33
33
0 0 0 0 0 0 0 0 0 0
33
33
33
33
0 0 0 0 0 0 0 0 0 0
33
33
33
33
33
33
33
33
33
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0