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2022-12-31-accounts

Trustees Report and Financial Statements

for the year ended 31 December 2022

Registered Charity number: 1190218

King’s Church, Chessington Report - Year ended 31st December 2022

Contents

Report of the Trustees; Structure, Governance and Management…........................................ 3 Reference and Administrative Details.....................................................................................4 - 7 Objectives and Activities........................................................................................................……7 Achievements and Performance........................................................................................... 8 - 10 Financial Review.......................................................................................................................... 11 Trustees’ Responsibility Statement............................................................................................12 Independent Examiner’s Report to the Trustees of King’s Church, Chessington……......... 13 Statement of Financial Activities................................................................................................ 14 Balance Sheet............................................................................................................................... 15 Statement of Cash Flows............................................................................................................. 16 Notes to the Accounts……………….................................................................................... 17 - 25

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King’s Church, Chessington Report - Year ended 31st December 2022

Report of the Trustees

The Trustees, who are also unpaid Elders of the church and the senior pastor, present their report and accounts for the year ended 31 December 2022.

This report has been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting Standard 102 (FRS 102) and the Charities Act 2011.

Structure, Governance and Management

King’s Church Chessington (KCC), is a Charitable Incorporated Organisation (CIO) registered in July 2020. For context, the church previously carried out its activities through the charity known as Chessington Evangelical Church (CEC)(charity number 1129129), an unincorporated association. The assets and liabilities of CEC were transferred to the CIO on 1 April 2021.

KCC is an Independent Evangelical Church under the auspices of, and in association with the Fellowship of Independent Evangelical Churches (FIEC).

KCC was established under a Constitution approved by the Charity Commission, which contains the main legal provisions governing the church, its purpose and Basis of Faith, its powers and the use of any property owned by the church.

The Managing Trustees are appointed from within the elected Elders of the church (primarily the unpaid Elders).The Church Rules set out the practices of the church and its method of internal governance.

The Elders oversee and provide direction to the church in accordance with the charitable objectives.

Elders

At the start of the year, the Eldership consisted of four members of staff; Mike Tindall (Senior Pastor); Steve Bialy (Pastor of Training & Partnerships); Matt Palmer (Associate Pastor); Gareth Edwards (Family & Youth Pastor) and five lay Elders; Jon Akhurst (Chair); Chris Bass; Graeme Gentry; Bob Robinson and David Sims.

During the year, the Elders recommended to the Membership two lay additions to the Eldership; Peter Hayden and Horace White. Both received a overwhelmingly positive vote and were added to the Eldership in September 2022. Matt Palmer (Associate Pastor) resigned from his role at KCC to take up a Minister role at Greenstead Evangelical Free Church. He was sent with warm blessings from KCC.

Elders are appointed on the recommendation of other Elders. They must have been church members for at least a year and their appointment is approved by a successful majority vote of the whole church membership. Elders stand (if they wish) for re-election every five years.

Trustees

The Managing Trustees of the church consist of the Senior Pastor and the unpaid Elders of the church. The existing Trustees are responsible for the induction of any newly appointed Trustees (as per the KCC Constitution and Church Rules). Therefore Peter Hayden and Horace White joined this board in September.

The role of the Trustees is to ensure the church and community activities of KCC are in line with the charitable objectives and the organisation is operating in a healthy way in regards to risk, human resources, safeguarding, data and finance. Bob Robinson is the chair of Trustees.

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King’s Church, Chessington Report - Year ended 31st December 2022

Reference and Administrative Details

Charity Name: Charity Registration Number:

King’s Church, Chessington 1190218

Registered Office and operational address:

The King’s Centre Coppard Gardens Chessington Surrey, KT9 2GZ

Trustees and Elders

Trustees who resigned during the
year		 Ongoing Trustees New Trustees
J.Akhurst P.Hayden (appointed 13thSeptember 2022)
C. Bass H. White (appointed 13thSeptember 2022)
G. Gentry
R. Robinson
D. Sims
M. Tindall

Church Ministry Team /Elders and changes in 2022

(Key Management Personnel)

Paid Elders

M. Tindall (Senior Pastor) G.Edwards (Family & Youth Pastor) M. Palmer (Associate Pastor) (resigned 20[th] August 2022) S Bialy (Pastor – Training and Partnerships )

Other key staff not on the eldership

B. Archer (Operations Director) A. Leggett (Women’s Worker)

Independent Examiner

Bankers

Solicitors

Miriam Hickson CTA FCA Jacob Cavenagh Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW

Barclays Bank Surbiton Branch 81-83 Victoria Road Surbiton, Sutton KT6 6 4NS

Edward Connor Solicitors

39 The Point Market Harborough Leicestershire LE16 7QU

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King’s Church, Chessington Report - Year ended 31st December 2022

Organisational Structure

King’s Church Chessington operates with a Board of Elders who met regularly (monthly) throughout the year to provide pastoral oversight and direction of the church in keeping with the charitable objectives.

KCC operates with a Board of Trustees who meet five times a year to approve budgets; receive management accounts; implement Charity Commission recommended policies, determine and review significant policies; deal with employment matters and contractual issues; and assess risks to the charity.

Day–to-day activity of the church is managed by the paid staff team, under the direction of the Senior Leadership Team (SLT) consisting of Mike Tindall (Senior Pastor), Steve Bialy (Pastor of Training & Partnerships) and Ben Archer (Director of Operations) acting within responsibilities delegated by the Elders and Trustees.

Operations director, Ben Archer, who oversees all operational aspects of church life and the King’s Centre on a day to day basis, attends all the trustee meetings in advisory capacity and link to operational implementation.

The church also employs:

The Trustees are supported by a number of Core Teams with responsibilities for different areas in the life of the church. These teams can consist of a mixture of Elders, Deacons and Church Members with particular expertise.

The main core teams are:

Finance, Human Resources, Risk, Tech Support and Accessibility.

The management and development of staff sits directly under the responsibility of the trustees. The trustees are responsible for setting pay and remuneration of all church personnel including the key management personnel. They do so having reference to public sector and teaching salaries combined with cost of living and inflation indices. Any decisions that impact staff remuneration and working conditions are made without staff or trustees who are linked to a staff member being present.

The Finance team with the Operations Director, acting within delegated responsibilities, prepare and review budgets and consider proposals for expenditure.

The majority of the activities of King’s Church Chessington is carried out by a large and willing body of volunteers who are engaged in every area of the ministry of the church, without whom most of the aims of church could not be delivered. No appropriate value can be attributed to this contribution, which therefore is not included within the financial valuation of the charity.

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King’s Church, Chessington Report - Year ended 31st December 2022

Risk Management

The Trustees have hold a master risk register that is reviewed at every trustees’ meeting. The register identifies any new risks that arise and monitors how previously identified risks have been mitigated.

There is also an annual Health & Safety Report and Risk Management report, which identifies specific risks and considers the relative likelihood of those risks occurring - appropriate action is then taken to reduce risks where required.

The café team carefully monitor Food Hygiene risk and it currently has the Food Standards Agency highest rating of 5 for Food Hygiene. The Centre was deemed “excellent” in terms of the Covid security upon inspection during the pandemic.

The Trustees recognise that in general terms the other major potential risk that the church faces is in the area of Child Protection. King’s Church Chessington has a Safeguarding policy covering all of our activities with children and young people and adults at risk. This policy has been reviewed in line with legal requirements and current practice. Staff and volunteers receive appropriate training and information and are subject to all necessary checks e.g. via the Disclosure and Barring Service (DBS). The policy is reviewed annually and updated when necessary. A report is presented to the Trustees each year.

The Trustees nominated leads within this area of risk. Jon Akhurst acts on ensuring Child safeguarding integrity and Graeme Gentry oversees Adult Safeguarding. They are supported by leads within the respective fields who have operational oversight. Jon and Graeme can be directly approached on any safeguarding issue. Given the vital importance of Safeguarding, the Trustees commissioned an independent review of the Safeguarding policies and procedures, which sought to flag areas of strength and indentify areas of improvement. One key outcome of this report was the recommendation to employ a Designated Safeguarding Lead (DSL). This role was established and recruited into during 2023.

When employment legislation changes, our employment policies are reviewed by the trustees and the staff are advised. This is led by the HR Committee.

As a Christian organisation, we aim to demonstrate the benefit we bring to local and wider communities. Trustees have had due regard to guidance published by the Charity Commission on public benefit.

Relationship to other organisations

The church is a member of the Fellowship of Independent Evangelical Churches (FIEC) and has working relationships with local churches regionally and across the UK, and with missions and para-church organisations internationally.

Our giving to such work is reviewed before commitment to ensure they are aligned with our charitable objectives. These relationships are managed through the Mission Core Team who are tasked by the Elders to annually review the fund allocations and demonstrate that funds are being used effectively and in accordance with KCC objectives.

Charity Commission Policies

During the year, the Trustees either implemented, reviewed or updated existing policies on the following

Financial;

Anti-money laundering, Conflict of interest; Investment; Reserves; Grant Making

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King’s Church, Chessington Report - Year ended 31st December 2022

GDPR

Data Breach, Data Protection Complaints; Data Protection; Data Retention; Information Security; Privacy; Online media

Operations

Complaints handling; Paying staff; Staff Recruitment; Staff Handbook; Risk Management

Safeguarding

Children and Young People; Vulnerable Adults

Objectives and Activities

Kings Church Chessington (KCC) is an independent Christian church.

The objectives of KCC are defined in the Purposes section of the Constitution – that is...

The church was established and continues to seek to...

The objectives do not change, but the strategies and goals may change.

Our whole ethos is based on our Purpose statement: King’s Church Chessington glorifies God and makes disciples by being a community for gospel transformation locally, regionally, and globally

KCC Mission: We exist to invite all people into an ever-growing relationship with King Jesus.

KCC Values: We pray before we act. We are equipped by the Word to serve. We grow together in community. We partner effectively in the Gospel. We always ask in faith, “What’s next?”

Furthermore, all our policies, decisions, actions and activities are guided by God’s word, the Bible, from which we derive our ultimate purpose as an organisation.

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King’s Church, Chessington Report - Year ended 31st December 2022

Achievements and Performance

In line with our objectives, purpose statement and values, we have undertaken a broad range of activities throughout the period.

Subsidiary Company

The activities of the church building, known as The King’s Centre are carried out through a company controlled by the church – K.C.Chessington Ltd which produces its own accounts.

The King’s Centre ethos is summarised by the following mission statement;

“The King’s Centre – a home for the community at the heart of the church”

The King’s Centre is a seven day operation, with the local community engaging with a host or activities, classes and events hosted or run by the church.

The building itself can be constantly in use – be it for church activities and events, community activities and events, individual church members’ activities or business lets (large and small – from 4 people hiring a small room for a meeting to over 800 people attending a school prize giving). During the year, the Centre was used for Borough Council Meetings, Blood Donation Centre, Jack Petchy Awards nights, Conferences and a wide menu of activities for all ages within the community.

The Cafe – The Well – is at the heart of the centre and is a 6 day a week operation, which in a standard week will serve over 1,000 customers and really provides a community hub.

The employment of a full time Building Supervisor means that our regular programme of cleaning and maintenance ensures the King’s Centre is clean, fresh and fit for purpose.

In May 2022, the church celebrated the 25[th] Anniversary since the opening of ‘The King’s Centre’ and marked the occasion with a day of celebration and thanksgiving to God for his provision and care.

Worship and Prayer

KCC has continued to provide a range of weekly services for corporate worship and fellowship. This consists of two main Sunday gatherings, small ‘life groups’ during the week, bible study groups, prayer meetings and a full programme for young people.

Sunday services are well attended (c.400 people in the morning gathering and c.120 people at the evening gathering.) The morning service provides provision for children by way of a crèche and groups from babies through to aged 14.

The groups for children and youth are at the heart of the church’s activity, with mid-week groups from Mums and Tots groups through to support for teenagers. On any given week these youth events (8 events) will see over 250 children and young people attend.

The church seeks to support its members and church attendees through “Life Groups” during the week. Small groups, often meeting in people’s homes. The purpose of these groups is to meet and pray and read the bible together. The groups provide a crucial role in pastorally and practically caring for one another – during the pandemic they were a lifeline for many.

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King’s Church, Chessington Report - Year ended 31st December 2022

Evangelism

Evangelism – our desire is to make accessible the Christian Faith to those who are interested and but not yet Christians. We do this in a number of ways.

Courses . During the year we held evangelistic courses, as introduction to the Christian faith.

Services. We always try to ensure that our services are welcoming to all.

Ministry

KCC maintains a broad range of ministries serving members, the general congregation, newcomers and people in need in the community.

Our ministries can be divided into 4 broad areas – to children & young people, older people, men and women.

For Seniors, our Friendship club provides a place for older people to engage in activities together and hear a presentation of the bible.

The Men’s Shed is a really exciting project – it gives men an opportunity to learn new skills and develop friendships through occupation and tasks. In conjunction with ‘Sharing Lives’ – a befriending charity that works with people in the locality – this has been a hugely beneficial community activity.

Mission, Para Church and Social & Community Action

Mission. We have strong links with several other churches and Christian charities and organisations around the world which are aligned with our charity objectives.

We provide support for these organisations in the form of volunteer help and financial giving. Some organisations receive an annual amount from us and for others we organise special ‘Giving days’ – at Easter, Harvest and Christmas all of which is managed through the Mission Core team.

Amongst the organisations that we support most keenly and are in continuous contact with and monitoring are Insight (RBK Schools work), London City Mission, Caring for Life (Leeds), Hope for Children (Latvia), Good News Hospital (Madagascar), UCCF, Christian Solidarity Worldwide, Arab Focus Media (France).

Specific churches we have supported are Layton Community Church (Blackpool), Peak Trinity Church (Bakewell) and Globe Church (Southbank). The most significant gospel partner KCC supports in Mission Sweden, which is headed up by Ben and Emelie Clark, who previously served at KCC. In 2019 they were sent to Sweden to begin a new church planting ministry in Gothenborg.

Para Church

We always aim to use our resources at The King’s Centre for the benefit of the ‘wider church’.

Social and Community Action

Activities to help those in need and improving conditions for those who live locally, remains an integral part of what we do.

The King’s Centre itself is very much an expression of that – and when it is not being used for church activities is a Community Centre run for the benefit of the local community. One of these was the Foodbank session

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King’s Church, Chessington Report - Year ended 31st December 2022

on a Wednesday morning (i.e. Chessington branch of Kingston Foodbank) which was able to carry on as an essential service.

Apart from a wide range of general activities previously mentioned in this report, some of the ways we specifically supported the local community in the year include;

Staff

Relations with our employees are excellent, with staff highly motivated and enthusiastic about the role they fulfil at the church. We wish for every member of the staff to achieve their full potential and to that end have supported their personal and spiritual development. This is normally monitored by way of annual review but most importantly in the day to day encouragement in role and support from their line managers.

Plans for the Future

During the autumn of 2020 the elders revisited the church strategic direction as part of the preparation for developing a job description and search for a new senior pastor. In doing so they recognised three key observations

The outworking of this exercise has continued to form the dialogue of the Elders and SLT and resulted in sharing with the church a view of the key objectives for the next 12 months (2023), to give the church the opportunity to circle around the mission of the church and to give financially towards the next year.

In the Autumn of 2022, the church entered a‘giving season’ which was entitled ‘A Time To Build’. The mission of the next year was detailed under three key objectives for the next year; Grow, Train, Partner.

GROW — particularly thinking about developing the church’s capacity in pastoral care, children’s work, safeguarding, and ministry coordination.

TRAIN — we are planning that 2023 will see the rollout of training programmes for church members, and the introduction of trainee roles to the ministry team.

PARTNER — ensuring that financial support is in place for all our mission partners, with a special focus on Mission Sweden.

The church responded well to this clarity and pledged financial gifts towards this aim.

We are excited to be a church that glorifies God and makes disciples by being a community for gospel transformation locally, regionally, and internationally.

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King’s Church, Chessington Report - Year ended 31st December 2022

Financial Review

General Observations

During 2022, the church had total income of £646,559, down from £725,427 the previous year. Total expenditure was £714,732 up from £623,872 in 2021. There was an excess of expenditure over income for the year of £68,173.

Reserves Policy

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months’ unrestricted charitable expenditure.

The total reserves held at the year-end were £1,900,174 of which £4,833 were restricted.

The balance held as unrestricted funds at 31[st] December 2022 was £1,895,341, of which £580,732 are regarded as free reserves, after allowing for funds invested in tangible fixed assets. Actual three months’ unrestricted charitable expenditure equates to £159,990. The current level of reserves is therefore higher than is needed, but a planned deficit in 2023 will help adjust this position.

Fixed Assets

The church’s investment in fixed assets at 31[st] December 2022 was £1,314,609, which was mainly represented by an investment of £1,293,504 in the church’s building, “The King’s Centre”.

Designated Funds

The unrestricted “Emergency” fund has been set aside to deal with unexpected emergency maintenance issues relating to “The King’s Centre” building.

The unrestricted “Training Fund” arose from bequest income set aside to support individuals in training for Christian ministry.

Restricted Funds

The restricted funds totalling £4,833 are for specific Outreach gifts.

Going Concern

The Trustees have reviewed the circumstances of King’s Church, Chessington and consider adequate resources continue to be available to fund the activities for the foreseeable future. The Trustees are of the view that the charity is a going concern. The implications for KCC as a going concern are addressed in note 1(a).

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King’s Church, Chessington Report - Year ended 31st December 2022

Trustees responsibility Statement

The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102:The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution.

They are also responsible for safeguarding the assets of the church and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiners

We have appointed Jacob Cavenagh & Skeet for this financial year.

Approved by the Trustees on 3[rd] July 2023

And signed on its behalf

Trustee

R. W. Robinson

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King’s Church, Chessington Report - Year ended 31st December 2022

Independent Examiner’s Report to the Trustees of King’s Church, Chessington

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 December 2022, which are set out on pages 14 to 25.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts as carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the CIO’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 member of the Institute of Chartered Accountants in England and Wales, 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 that in any material respect:

  1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 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

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.

5 Robin Hood Lane Sutton, Surrey SM1 2SW

Miriam Hickson CTA FCA Jacob Cavenagh & Skeet Chartered Accountants

Date…………………………..

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King’s Church, Chessington Report - Year ended 31st December 2022

Statement of Financial Activities

Un- Total Un- Total
restricted Restricted
Funds		 restricted Restricted
Funds
Funds Funds 2022 Funds Funds 2021
INCOME AND ENDOWMENTS FROM
Donations and legacies (Note 2a)
537,759
70,063		 607,822
595,795
99,515		 695,310
Other Trading Activities (Note 2b)
33,298
-		 33,298
30,114
-		 30,114
Investments – deposit interest 5,439
-		 5,439
3
-		 3
_ _ ____ __ _ __
Total income and endowments 576,496
70,063		 646,559
625,912		 99,515 725,427
___ _ ____ __ _ _
EXPENDITURE ON
Charitable activities (Note 3) 639,961
74,771		 714,732
511,483		 112,389 623,872
___ _ ____ __ _ __
Total expenditure 639,961
74,771		 714,732
511,483		 112,389 623,872
___ _ ___ __ _ __
NET (EXPENDITURE)/INCOME (63,465)
(4,708)		 (68,173)
114,429		 (12,874)
101,555
Transfers between funds -
-		 -
-
-		 -
___ _ ___ ___ _ __
Net movement in funds (63,465)
(4,708)		 (68,173) 114,429 (12,874) 101,555
Funds brought forward 1,958,806
9,541		 1,968,347 1,844,377
22,415		 1,866,792
___ __ ___ ___ __ ___
TOTAL FUNDS CARRIED FORWARD £1,895,341
£4,833		 £1,900,174 £1,958,806
£9,541 £1,968,347
__ __ ___ ___ __ ___

There have been no recognised gains or losses, other than the results for the financial year, and all surpluses and deficits have been accounted for on an historical cost basis.

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King’s Church, Chessington Report - Year ended 31st December 2022

Balance Sheet as at 31 December 2022

2022 2021
FIXED ASSETS
Tangible Fixed Assets (Note 5) 1,314,609 1,362,659
Investment (Note 6) ______100 ______100
1,314,709 1,362,759
CURRENT ASSETS
Debtors (Note 7) 59,019 81,541
Cash at bank and in hand 551,230 547,464
______ _
610,249 629,005
_ _
LIABILITIES
Creditors–Amounts falling due within one year (Note 8) 24,784 23,417
______ _
NET CURRENT ASSETS 585,465 605,588
___ ___
TOTAL NET ASSETS £1,900,174 £1,968,347
___ ___
THE FUNDS OF THE CHARITY:
Restricted income funds (Note 9) 4,833 9,541
Unrestricted general fund (Note 10) 419,649 425,064
Unrestricted fund for fixed assets (Note 10) 1,314,609 1,362,659
Unrestricted emergency fund (Note 10) 50,000 50,000
Unrestricted training fund (Note 10) 111,083 121,083
__ __
TOTAL CHARITY FUNDS £1,900,174 £1,968,347
__
Approved by the Trustees and signed on their behalf

………………………………………..R. W. ROBINSON ……………………………………….C. BASS 3rd July 2023…...Date

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King’s Church, Chessington Report - Year ended 31st December 2022

Statement of Cash Flows

Statement of Cash Flows
2022 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities (34,019) 150,628
_ _
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends, interest, furlough grants & rents from investments 38,737
30,117
Proceeds from the sale of property, plant and equipment - 329,149
Purchases of property, plant and equipment (952) -
_ ______
NET CASH PROVIDED BY INVESTING ACTIVITIES 37,785 359,266
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of borrowing - (111,717)
_ _
Change in cash and cash equivalents in the reporting period 3,766 398,177
Cash and cash equivalents at the beginning of the reporting period 547,464 149,287
_ _
CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD £551,230 £547,464
_ __
RECONCILIATION OF NET INCOME/ (EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES.
Net income/(expenditure) for the reporting period (as per the statement
of financial activities) (68,173) 101,555
Adjustments for:
Depreciation charges 48,630 49,328
Dividends, interest, furlough grants and rents from investments (38,737) (30,117)
Loss on the disposal of fixed assets 372 10,953
(Increase)/decrease in debtors 22,522
7,556
Increase/(decrease) in creditors 1,367
11,353
__ __
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES £(34,019) £150,628
__ __
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand 96,337 246,828
Short term deposits (instant access) 454,893 300,636
__ __
£551,230 £547,464
__ __

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King’s Church, Chessington Report - Year ended 31st December 2022

Notes to the Accounts

1. Accounting Policies

The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS102)), Financial Reporting Standard 102 (FRS102), and the Charities Act 2011. They contain information about the church on its own, and consolidated figures to include its trading subsidiary have not been included as the group is too small to require consolidation. The Church meets the definition of a public benefit entity under FRS102.

The financial statements are drawn up on the historical cost basis of accounting. They are denominated in pounds sterling, rounded to the nearest pound.

The principal accounting policies adopted are set out below:

(b) Donations and Charitable Grant Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be reliably measured. Charitable grants which have conditions which have not been fulfilled (as distinct from restrictions on the purpose for which they can be used) are treated as liabilities and only recognised as income when the conditions are achieved.

Income received in circumstances where a claim for repayment of tax has been or will be made to HMRC is grossed up for the tax recoverable. Any amount of tax not yet reclaimed from HMRC is shown within the Charity’s debtors.

(c)

Donations and Charitable Grants Expenditure

Donations and charitable grants payable are recognised as expenditure at the earlier of when they are paid and when an outflow of economic benefit is probable.

Restricted and Unrestricted Funds

Income and Other Expenditure

Interest income is taken into account when receivable and expenditure when incurred by the Charity, regardless of when payment is made.

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King’s Church, Chessington Report - Year ended 31st December 2022

(f) Depreciation

Freehold land is not depreciated. Depreciation is calculated to write off the cost, less estimated residual values of other tangible fixed assets over their estimated useful lives to the Charity. The annual depreciation rates and methods are as follows:-

Equipment - 20% per annum on written down value Furniture and Fittings - 10% per annum on written down value Minibus - 20% per annum on written down value Leasehold buildings - over 50 years

Items costing less than £200 are written off in the year of purchase.

No depreciation is provided on freehold buildings. The trustees consider that the residual value is therefore so high as to render any depreciation charge or cumulative depreciation, immaterial. It is the church’s policy to maintain these at least to their current standard and to charge to the statement of financial activities the cost of maintenance as incurred.

(g) Pension Commitments

The charity operates defined contribution arrangements for certain of the staff. Pension contributions are charged as expenditure when paid and are invested separately from the charity’s assets.

(h) Debtors

Grants receivable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

(i) Cash at Bank and In Hand

(j) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation arising 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 estimated reliably. Creditors and provisions are recognised at their settlement amount.

(k) Financial Instruments

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

(l) Investments

Investments have been included at historical cost as they are an unlisted investment for which a fair value is not available.

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King’s Church, Chessington Report - Year ended 31st December 2022

2. Income

(a) Donations and Legacies

Offerings
Gifts by Gift Aid
Gifts for Sweden Fund
Tax Refunds
Gifts for Outreach
Gifts for Training Fund
Bequests
Donated Goods – Foodbank
Other Gifts		 Unrestricted
-
402,645
-
100,661
-
-
2,726
-
31,727
_
£537,759

_		 Restricted
2022
2021

-
-
-
-
402,645
306,591
35,814
35,814
39,045
-
100,661
62,288
27,816
27,816
40,315
-
-
15,203
-
2,726
203,641
6,433
6,433
4,952
-
31,727
23,275
__
_
_
£70,063
£607,822
£695,310
_
_
_____

(b) Other Trading Activities

Unrestricted Restricted 2022 2021 2021
Rental income from trading subsidiary 33,298 - 33,298 18,413
Donation from trading subsidiary - - - -
Furlough grants received - - - 11,701
_ _ _ _
£33,298 £- £33,298 £30,114
_ _ _ _
2022 2021
Charitable Activities
Staff Costs 374,433 283,675
Church Life 4,126 676
Communications and Media 11,523 11,089
Building and Running Costs 101,925 75,511
Local Outreach 3,187 1,445
Training and Discipleship 12,220 30,774
Youth and Family 5,892 3,264
UK and World Mission (Note 14) 131,247 145,198
Donated Goods – Foodbank 6,433 4,952
Miscellaneous Expenses 6,392 2,401
Depreciation of Equipment and Minibus 4,852 4,491
Depreciation of King’s Centre 44,150 44,150
Loss on Disposal of Freehold Property - 11,640
Governance Costs (Note 4) 8,352 4,606
__ __
£714,732 £623,872
__ __

3. Charitable Activities

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King’s Church, Chessington Report - Year ended 31st December 2022

2022 2021
Restricted expenditure included above:
Gifts for Outreach 26,833 40,723
Sweden Mission Costs 41,505 51,511
Donated Goods – Foodbank 6,433 4,952
Training and Discipleship (Training Fund) - 15,203
__ _
£74,771 £112,389
__ _
4. Governance Costs
2022 2021
Independent Examination Fees 3,102 2,792
Legal Advice - 1,814
Safeguarding Review 5,250 -
______ ______
£8,352 £4,606
______ ______

5. Tangible Fixed Assets


Cost at 1stJanuary 2022
Additions
Disposals
At 31stDecember 2022
Depreciation
at 1stJanuary 2022
Charge for year
Released on Disposal
At 31stDecember 2022
Net Book Values
At 31stDecember 2022
At 31stDecember 2021		 Leasehold
Land & Buildings
2,207,454
-
-
2,207,454

869,800
44,150
-
913,950
£1,293,504
£1,337,654		 Furniture, Fittings
& Equipment
Total
118,457
2,325,911
952
952
(2,761)
(2,761)
116,648
2,324,102
93,452
963,252
4,480
48,630
(2,389)
(2,389)
95,543
1,009,493
£21,105
£1,314,609
£25,005
£1,362,659

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King’s Church, Chessington Report - Year ended 31st December 2022

6. Investment

Investment
Shares in trading subsidiary 2022
100
£100		 2021
100
£100

The church owns 100% (via nominees) of the share capital of K. C. Chessington Limited, a company established to manage the various activities undertaken in the church–owned King’s Centre Building. The church receives rent from K. C. Chessington Limited for making the building available.

At 31[st] December 2022, the net assets of K. C. Chessington Limited amounted to £7,771. It had gross income for the year of £225,988 and total expenditure of £229,515, resulting in a net (loss) before tax of £(3,527).

7. Debtors

Debtors
2022 2021
Income Tax Recoverable 41,904 68,653
Other Debtors 17,115 12,888
_ _
£59,019 £81,541
_ _

8. Creditors: Amounts Falling Due Within One Year

2022 2021
Social Security and Other Taxes 8,032 9,081
Other Creditors 16,752 14,336
Mortgage - -
_ _
£24,784 £23,417
_ _

9. Restricted Funds

Outreach
Donated Goods – Foodbank
Mission Sweden Fund

 Balance
at 1.1.22
Income
3,850
27,816
-
6,433
5,691
35,814
_
_
£9,541
£70,063
_
_		 Income Expenditure

(26,833)

(6,433)

(41,505)

_

£(74,771)

_		 Transfers
-
-
-
_
£-
_		 Balance
at 31.12.22
4,833
-
-
_
£4,833
_

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King’s Church, Chessington Report - Year ended 31st December 2022

Outreach
Donated Goods – Foodbank
Training Fund
Mission Sweden Fund

 Balance
at 1.1.21
Income
4,258
40,315
-
4,952
-
15,203
18,157
39,045
_
_
£22,415
£99,515
_
_		 Income Expenditure

(40,723)

(4,952)

(15,203)

(51,511)

_
£(112,389)

_		 Transfers
-
-
-
-
_
£-
_		 Balance
at 31.12.21
3,850
-
-
5,691
_
£9,541
_

The outreach fund represents gifts received for specific missionary or Christian outreach causes.

The Training Fund is to finance the training of individuals in Christian Ministry.

The Mission Sweden Fund is to support Ben and Emelie Clark in planting a church in Gothenburg, Sweden.

10. Unrestricted Funds

Transfer
Balance
Between
at 1.1.22
Funds
Income
Designated Fund for Fixed Assets
1,362,659
(48,050)
-
Emergency Fund
50,000
-
-
General Fund
425,064
48,050
576,496
Training Fund
121,083
-
_
_ _
£1,958,806
£-
£576,496
______
_ __		 Income Expenditure

-

-

(629,961)
(10,000)

_
£(639,961)

_		 Balance
at 31.12.22
1,314,609
50,000
419,649
111,083
_
£1,895,341
_
Transfer
Balance
Between
at 1.1.21
Funds
Income
Designated Fund for Fixed Assets
1,640,372 (277,713)
-
Emergency Fund
50,000
-
-
General Fund
117,792
227,713
575,912
Training Fund
36,213
50,000
50,000
_
_ _
£1,844,377
£-
£625,912
______
_ __		 Income Expenditure

-

-

(496,353)

(15,130)

_
£(511,483)

_		 Balance
at 31.12.21
1,362,659
50,000
425,064
121,083
_
£1,958,806
_

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King’s Church, Chessington Report - Year ended 31st December 2022

11. Analysis of Net Assets Between Funds

Unrestricted Restricted Total
Funds Funds Funds
Tangible Fixed Assets 1,314,609 - 1,314,609
Investment 100 - 100
Current Assets 605,416 4,833 610,249
Creditors – less than one year (24,784) - (24,784)
___ _ ___
Balance at 31stDecember 2022 £1,895,341 £4,833 £1,900,174
___ _ ___
Unrestricted Restricted Total
Funds Funds Funds
Tangible Fixed Assets 1,362,659 - 1,362,659
Investment 100 - 100
Current Assets 619,464 9,541 629,005
Creditors – less than one year (23,417) - (23,417)
___ _ ___
Balance at 31stDecember 2021 £1,958,806 £9,541 £1,968,347
___ _ ___
12. Employee Information
Staff Costs Comprise:
2022 2021
Wages and Salaries 295,919 232,401
Social Security Costs 28,945 22,534
Employer’s Contribution to Defined Contribution Pension Schemes 25,297 20,390
_ _
£350,161 £275,325
_ _
The average number of employees during the year calculated
on the basis of full-time equivalents was as follows: 2022 2021
Paid Trustees 1 -
Staff 10 9
____ ____
11 9
____ ____
There was one employee with emoluments over £60,000.

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King’s Church, Chessington Report - Year ended 31st December 2022

13. Related Party Transactions

During the year, trustees and persons with a family connection received the following amounts as a result of their employment by the church. The payments were made in accordance with the church constitution and include payments, recharged to the church’s trading subsidiaries.

2022 2021 2022 2021
Trustee £ £ Family Member £ £
Gross Salary
M. Tindall 65,038 8,542 J. Tindall 1,855 -
G. Gentry - - C. Gentry 23,675 21,659
Pension
M. Tindall 6,504 854 J. Tindall 169 -
G. Gentry - - C. Gentry 2,367 2,165

The total remuneration to key management personnel amounted to £276,622 (2021 £249,810).

During the year, the Trustees were reimbursed a total of £5,090 for expenses incurred on church business (2021 £nil).

Alex Robinson, son of the trustee R W Robinson, was paid £690 (2021:£605) for consultancy services during the year.

K.C. Chessington Ltd (subsidiary)

During the year, the church received rent totalling £33,298 (2021: £18,413) from K.C Chessington Ltd. There was also a balance of £260 due to the company (2021: £4,748 due from the company) at the year end.

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King’s Church, Chessington Report - Year ended 31st December 2022

14. Missionary and Outreach Support

Missionary and Outreach Support
2022 2021
Grants were made to the following organisations during the year:
UK and World Mission
Caring For Life (Christian Social Support) - 4,846
FIEC (Evangelical Church Network) 8,140 7,965
Friends of Mandritsara Trust (Good News Hospital – Madagascar) 7,194 7,019
Hope for Children - Latvia (Support for Disadvantaged Children) 6,948 8,496
Hope Health Action – Haiti (Medical Relief) 2,000 1,000
Insight (RBK Christian Schools Worker Trust) 12,000 12,000
Leyton Community Church (Blackpool) 5,000 5,000
London City Mission (Christian Outreach) 8,797 10,019
Mission Sweden (Church Plant in Gothenburg) 51,274 51,511
Mission Without Borders (Christian Support in Eastern Europe) 7,194 -
OMF – Tawbuid Bible Printing (Philippines) - 3,000
OMF – Other (Support for Missionaries) 4,400 12,495
Peak Trinity Church (Bakewell, Derbyshire) 3,000 3,000
Release International (Support for Persecuted Christians) 3,300 3,000
Sharing Lives (Community Support and Befriending) 1,000 1,000
Through the Roof/Wheels for the World (International Disability Support) 3,300 3,000
UCCF (University Christian Outreach) 1,100 1,000
UFM – Arab Focus Media 3,300 7,847
Vereinigte Deutsch Missionshilfe E.V. (Support for Missionaries) 3,300 3,000
_ _
£131,247 £145,198
_ _
2022 2021
Outreach - from Restricted Funds (included within analysis above)
Caring for Life - 4,847
Friends of Mandritsara Trust 7,194 7,019
Hope Health Action – Haiti - -
Hope for Children (Latvia) 6,948 8,496
London City Mission 5,497 7,019
Mission Sweden 41,505 51,511
Mission Without Borders 7,194 -
OMF – Other (Support for Missionaries) - 8,495
UFM – Arab Focus Media - 4,847
_ _
£68,338 £92,234
_ _

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