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2023-12-31-accounts

Trustees Report and Financial Statements

for the year ended 31 December 2023

Registered Charity number: 1190218

King’s Church, Chessington Report - Year ended 31st December 2023

Contents

Report of the Trustees; Structure, Governance and Management…........................................ 3 Reference and Administrative Details.....................................................................................4 - 8 Objectives and Activities........................................................................................................……8 Achievements and Performance........................................................................................... 8 - 11 Financial Review.......................................................................................................................... 12 Trustees’ Responsibility Statement............................................................................................13 Independent Examiner’s Report to the Trustees of King’s Church, Chessington……......... 14 Statement of Financial Activities................................................................................................ 15 Balance Sheet............................................................................................................................... 16 Statement of Cash Flows............................................................................................................. 17 Notes to the Accounts……………….................................................................................... 18 - 26

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King’s Church, Chessington Report - Year ended 31st December 2023

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 2023.

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 three members of staff; Mike Tindall (Senior Pastor); Steve Bialy (Pastor of Training & Partnerships); Gareth Edwards (Family & Youth Pastor) and seven lay Elders; Jon Akhurst (Chair); Chris Bass; Graeme Gentry; Bob Robinson, David Sims, Peter Hayden and Horace White.

In August 2023, Gareth Edwards resigned from his role as Family and Youth Pastor and from the eldership to pursue a new direction in pastoral and counselling ministry. The elders wish to acknowledge his considerable role in directing Families and Youth ministry since 2009 and hoped this new direction would be of great encouragement to him.

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 seven 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)

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 regard to safety and risk, human resources, safeguarding, data security and finance. Bob Robinson is the chair of Trustees.

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King’s Church, Chessington Report - Year ended 31st December 2023

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
C. Bass
G. Gentry
R. Robinson
D. Sims
M. Tindall
P Hayden
H White

Church Ministry Team /Elders and changes in 2023

(Key Management Personnel)

Paid Elders

M. Tindall Senior Pastor G.Edwards Family & Youth Pastor (resigned 31st August 2023) S Bialy Pastor – Training and Partnerships

Other key staff not on the eldership

B. Archer Operations Director

A. Leggett Women’s Worker U. Partridge Executive Assistant (appointed Jan 2023 - part-time) K Erith Ministry Coordinator (appointed Jan 2023 - part-time) A Underwood Designated Safeguarding Lead (appointed Apr 2023 - part-time) G Edwards Pastoral Worker (appointed Sep 2023 with 6-week sabbatical at start - part-time)

Independent Examiner Bankers Solicitors Miriam Hickson CTA FCA Jacob Cavenagh Skeet Barclays Bank Edward Connor Solicitors 5 Robin Hood Lane Surbiton Branch 39 The Point Sutton 81-83 Victoria Road Market Harborough Surrey Surbiton, Sutton Leicestershire SM1 2SW KT6 6 4NS LE16 7QU

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King’s Church, Chessington Report - Year ended 31st December 2023

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 and safe operations for 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 provides links to operational implementation.

The church also employs:

The Trustees are supported in decision making by a number of support committees drawn from church deacons, members and congregation who have specialist expertise in the following areas.

Finance - Chair Graham Birch, church treasurer with Graeme Gentry as assigned trustee Safeguarding - Chair Anne Underwood (DSL) with Jon Akhurst as assigned trustee. Risk and safety - Chair Chris Underwood with Bob Robinson as assigned trustee. Data Security - Chair Andrew Brock with Chris Bass as assigned trustee. Human Resources - Chair tba with Peter Hayden as assigned trustee.

These committees formally report to the Trustees once a year as to the state of health for their area of responsibility and draft and recommend policies and changes to policies for the trustees to approve. The committees also act as advisors to the trustees on an as-required basis and actions raised and reviewed at each of the five annual trustee meetings are passed to each committee for working.

Finance

The Finance committee with the Operations Director, acting within delegated responsibilities as set by the trustees. They also prepare and review budgets and approve and monitor spend within their delegation of authority (DOA). Budgets are submitted for Trustee approval on an annual basis as well as approval of large spends outside the DOA of the finance committee.

Safeguarding

The Trustees recognise that a major potential risk that the church faces is in Child Protection with ministry to over 250 children on a weekly basis as well as protection of up 40 vulnerable adults in our Highway and senior’s ministry. King’s Church Chessington has a Safeguarding policy and procedures covering all our activities with children and young people and adults at risk. These have been reviewed in line with legal requirements and current best practice. Staff and volunteers receive appropriate training and information to be aware of safeguarding risks and all are subject to all necessary checks using the Disclosure and Barring

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King’s Church, Chessington Report - Year ended 31st December 2023

Service (DBS) before working with children and vulnerable adults. A Safeguarding report is presented to the Trustees each year and the policy, and procedures reviewed annually and updated when necessary. At every trustee’s meeting safeguarding is reviewed.

From April 2023 we have now employed Anne Underwood as the designated safeguarding lead to ensure we maintain the highest diligence in this area. Jon Akhurst is the trustee assigned to safeguarding integrity and works closely with Anne Underwood. They are supported by leads within areas of ministry who have operational oversight. Given the vital importance of Safeguarding, the Trustees had commissioned an independent review of the Safeguarding policies and procedures in 2022, which had led to Anne’s employment as a Designated Safeguarding Lead (DSL).

Risk and Safety

The Trustees have held 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. This responsibility is currently being transferred to the risk and safety committee who have recently developed more comprehensive risk registers for both facilities risks and activities both on and offsite managed by the church. The risk and safety committee also overview health and safety including fire risk assessment. provision of first aiders and fire wardens and control of hazardous substances (COSH).

An annual Health & Safety Report and Risk Management report, which identifies specific risks and considers the relative likelihood of those risks occurring and makes recommendations as to appropriate mitigations to be taken to reduce risks. These are summarised and presented to the trustees once a year for approval. Risks and safety are monitored on a regular basis by the trustees and advice sought from the Risk and Safety Committee.

The catering team carefully monitors Food Hygiene risk, and it currently has the Food Standards Agency highest rating of 5 for Food Hygiene.

Data Security

Data security and compliance with GDPR is overseen by the Data Security Committee on behalf of the trustees. This committee drafts and amends our GDPR and data security policies and reports to the trustees on any breaches or areas of concern. The committee oversees the integrity and security of our computer systems and data management and provides a report on Data Security to the trustees on an annual basis.

Human Resources

The management and development of staff sits directly under the responsibility of the trustees. The trustees are directly responsible for setting pay and remuneration of all church personnel including the key management personnel. They do so making 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 either a beneficiary or are linked to a staff member, being present.

When employment legislation changes, our employment policies and staff handbook are reviewed and updated by the HR committee and approved by the trustees. The HR Committee is also responsible for recruitment and appraisal of staff on behalf of the trustees in a fair and transparent way.

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King’s Church, Chessington Report - Year ended 31st December 2023

Other Ministries

In addition, ministry committees/forums oversee several area of ministry within the church under the direction of the elders such as

Youth and Children’s Work Forum Accessibility and Special Needs ministry Technical Support Worship Team Seniors’ ministry Men’s ministry Mission Focus

These teams can consist of a mixture of Elders, Deacons, and Church Members with a heart for these areas of ministry.

Most 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 the 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.

Relationship to other organisations

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.

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. We support mission, church planting and revitalisation ministries in the UK and Sweden led by staff who have been supported in training and developed from within the KCC.congregation.

Our giving to such work is reviewed on a continuous basis to ensure they are aligned with our charitable objectives and well managed. These relationships are managed through the Mission Committee 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 prepared, reviewed or updated existing policies on the following.

Financial;

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

Data Security and GDPR

Data Breach, Data Protection Complaints; Data Protection; Data Retention; Information Security; Privacy.

Operations and HR

Complaints handling; Paying staff; Staff Recruitment; Staff Handbook, Volunteers Management, On-line Media, KCC Constitution, KCC Church Rules

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King’s Church, Chessington Report - Year ended 31st December 2023

Risk and Safety

Health and Safety, Risk Management, Working at Height, Lone working.

Safeguarding

Safeguarding Policy, Safeguarding Children and Young People Procedure; Safeguarding Vulnerable Adults Procedure

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.

Achievements and Performance

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

Community Engagement and Social Action

The community engagement 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 with the aim to break even.

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”.

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King’s Church, Chessington Report - Year ended 31st December 2023

The King’s Centre is a seven-day operation, with the local community engaging with our “Well” cafe and a host of activities, classes and events hosted or run by the church or run as hired spaces by members of the community such as the over 50’s Phoenix Social Club.

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 Tolworth Girls School, Blood Donation Centre, Jack Petchy Awards nights, Conferences, and a wide menu of activities for all ages within the community.

The Well – is the coffee shop at the heart of the centre and is a 6 day a week operation including two late evenings, which in a standard week will serve over 800 customers and really provides a local community hub with a dedicated customer base. This is more than a commercial operation as it gives much opportunity to support several members of the community who open up in conversation.

Friendship Club is a bi-weekly Monday afternoon ministry for around 50 seniors in the local community who engage in activities together and hear an epilogue.

Bereavement Cafe is a monthly Saturday morning support group for those coming to terms with bereavement.

Men’s Shed is run in a Portakabin at the rear of the centre under the auspices of the “Sharing lives” charity set up by some church members for befriending those isolated in the community. Men’s Shed provides a practical outlet for learning skills in woodworking and painting for about 20 men struggling with mental illness, loneliness or early onset dementia illness in our community often referred from local GP’s and social workers. The value of this ministry has been widely recognised by the local authority who have helped fund some of the improvements to equipment and facilities.

Foodbank A foodbank session is held on every Wednesday morning as a Chessington branch of Kingston Foodbank. We have had recent encouragements of deep appreciation from some of those who have benefited from Foodbank in the past but now have improved circumstances.

Highway Is a club on Wednesday evenings providing an activity and teaching event for about 30 adults with learning disabilities. A number attend as residents of the local Fircroft residential home. These folks are very much part of our church family and actively participate in our Sunday services such as leading Makaton signing from the front.

Church Family

KCC has continued to provide a range of weekly services for corporate worship and discipleship for the church family drawn from church members, members of the congregation and newcomers. The activities consist of two main Sunday teaching gatherings, small ‘life groups’ during the week, bible study groups, prayer meetings and a full programme of activities and teaching for young people.

Sunday services are well attended (c.400 people in the morning gathering and c.100 people at the evening gathering) and we are operating close to the facility and car park capacity in the morning. The morning service also provides provision for children by way of a crèche and groups from babies through to aged 11.

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

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King’s Church, Chessington Report - Year ended 31st December 2023

The church seeks to support the church family through “Life Groups” during the week. There are c.20 small groups, often meeting in people’s homes on either a Tuesday or Wednesday evening. The purpose of these groups is to meet to encourage each other, pray and support, and study the bible together. The groups provide a crucial role in practically caring for one another and these are our first line of support for pastoral care.

Church member’s courses are held a couple of times a year for those who want to commit themselves to the church and in the last year the church membership has grown to 271 members. Membership courses are followed by baptism services (c 20 in 2023) for those who wish to make a public declaration that they have become Christians.

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.

Community Ministries. At some of our community ministries we finish with an epilogue which introduces the Christian faith such as in Friendship Club.

Courses . During the year we held evangelistic courses, as introductions to the Christian faith such as “it's almost too good to be true”.

Services. We always try to ensure that our services are welcoming to all and have a programme for welcoming and integrating newcomers into the church community.

Friendships . Every member is encouraged to develop friendships within the community and to pray for opportunities to share their hope.

Mission

We have strong links with a number of Christian charities and organisations around the world which are aligned with our charity objectives and are well known to us. In the past KCC has helped develop and fund a significant number of full time Christian ministers and workers and these have become the prime focus for our mission support as we understand their needs and can affirm their alignment with our charitable objectives.

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, and Arab Focus Media (France).

Specific churches with staff members from Chessington that have limited resources that we support are Layton Community Church (Blackpool), Peak Trinity Church (Bakewell), Stockwell Baptist and Greenstead Evangelical Church Colchester. The most significant gospel partner KCC supports is 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 Gothenburg.

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 and Christmas all of which is managed through the Mission Committee.

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King’s Church, Chessington Report - Year ended 31st December 2023

We always aim to use our resources at The King’s Centre for the benefit of the ‘wider church’. We are also appreciative of the support we receive in terms of guidance from the Converge group of churches in the USA, and particularly RockPoint Church in Phoenix Arizona.

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.

The employment of a full time Building and Programme Supervisors and cleaner means that our regular programme of cleaning and maintenance ensures the King’s Centre is clean, fresh, fit for purpose and ready for operation on a daily basis. We also have a large but wonderfully committed group of staff operating ”The Well”

We are very appreciative of our senior leadership team of Mike, Steve and Ben who continuously look at how we can engage our community, inspire the church, and progress the building of Christ's Kingdom here in Chessington. These are ably supported by our team of admin staff who help the smooth functioning of church and centre life. Finally, we are very grateful for the pastoral support team of Annie and Gareth working with our senior pastor to ensure our people are well catered for.

Plans for the Future

We continue to build on the church strategy established in 2020 in preparation for our senior pastor Mike Tindall joining us. These were.

Over 2023 we have seen significant growth of the Sunday morning congregation and are now working at the limits of the facility and car park in terms of capacity, and this is likely to lead us into considering a second service in 2024. The input from churches like Rockpoint Phoenix Arizona and Mission Essex who have already done this is being factored into our thinking.

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 2023

Financial Review

General Observations

During 2023, the church had total income of £835,902, up from £646,559 the previous year. Total expenditure was £767,869 up from £714,732 in 2022. There was an excess of income over expenditure for the year of £68,033.

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 £1,968,207 of which £7,529 were restricted.

The balance held as unrestricted funds at 31[st] December 2023 was £1,960,678, of which £691,552 are regarded as free reserves, after allowing for funds invested in tangible fixed assets. Actual three months’ unrestricted charitable expenditure equates to £184,725. The current level of reserves is therefore higher than is needed, but a planned deficit in 2024 will help adjust this position.

Fixed Assets

The church’s investment in fixed assets at 31[st] December 2023 was £1,269,126, which was mainly represented by an investment of £1,249,354 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 £7,529 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 2023

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 24th June 2024

And signed on its behalf

Trustee

R. W. Robinson

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King’s Church, Chessington Report - Year ended 31st December 2023

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 2023, which are set out on pages 15 to 26.

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 Miriam Hickson CTA FCA Sutton, Surrey Jacob Cavenagh & Skeet SM1 2SW Chartered Accountants

Date…………………………..

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King’s Church, Chessington Report - Year ended 31st December 2023

Statement of Financial Activities

Un- Total Un- Total
restricted Restricted
Funds		 restricted Restricted
Funds
Funds Funds 2023 Funds Funds 2022
INCOME AND ENDOWMENTS FROM
Donations and legacies (Note 2a)
745,209
31,664		 776,873
537,759
70,063		 607,822
Other Trading Activities (Note 2b)
38,260
-		 38,260
33,298
-		 33,298
Investments – deposit interest 20,769
-		 20,769 5,439
-		 5,439
_ _ ____ __ _ __
Total income and endowments 804,238
31,664		 835,902
576,496		 70,063 646,559
___ _ ____ __ _ _
EXPENDITURE ON
Charitable activities (Note 3) 738,901
28,968		 767,869
639,961		 74,771 714,732
___ _ ____ __ _ __
Total expenditure 738,901
28,968		 767,869
639,961
74,771		 714,732
___ _ ___ __ _ __
NET (EXPENDITURE)/INCOME 65,337
2,696		 68,033
(63,465)		 (4,708) (68,173)
Transfers between funds -
-		 -
-
-		 -
___ _ ___ ___ _ __
Net movement in funds 65,337
2,696		 68,033 (63,465) (4,708) (68,173)
Funds brought forward 1,895,341
4,833		 1,900,174 1,958,806
9,541		 1,968,347
___ __ ___ ___ __ ___
TOTAL FUNDS CARRIED FORWARD £1,960,678
£7,529		 £1,968,207 £1,895,341
£4,833 £1,900,174
__ __ ___ ___ __ ___

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 2023

Balance Sheet as at 31 December 2023

2023 2022
FIXED ASSETS
Tangible Fixed Assets (Note 5) 1,269,126 1,314,609
Investment (Note 6) ______100 ______100
1,269,226 1,314,709
CURRENT ASSETS
Debtors (Note 7) 249,738 59,019
Cash at bank and in hand 472,439 551,230
______ _
722,177 610,249
_ _
LIABILITIES
Creditors–Amounts falling due within one year (Note 8) 23,196 24,784
______ _
NET CURRENT ASSETS 698,981 585,465
___ ___
TOTAL NET ASSETS £1,968,207 £1,900,174
___ ___
THE FUNDS OF THE CHARITY:
Restricted income funds (Note 9) 7,529 4,833
Unrestricted general fund (Note 10) 532,362 419,649
Unrestricted fund for fixed assets (Note 10) 1,269,126 1,314,609
Unrestricted emergency fund (Note 10) 50,000 50,000
Unrestricted training fund (Note 10) 109,190 111,083
__ __
TOTAL CHARITY FUNDS £1,968,207 £1,900,174
__
Approved by the Trustees and signed on their behalf

………………………………………..R. W. ROBINSON ……………………………………….C. BASS 24th June 2024…...Date

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King’s Church, Chessington Report - Year ended 31st December 2023

Statement of Cash Flows

Statement of Cash Flows
2023 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities (134,920) (34,019)
_ _
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends, interest, furlough grants & rents from investments 59,029
38,737
Proceeds from the sale of property, plant and equipment - -
Purchases of property, plant and equipment (2,900) (952)
_ ______
NET CASH PROVIDED BY INVESTING ACTIVITIES 56,129 37,785
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of borrowing - -
_ _
Change in cash and cash equivalents in the reporting period (78,791) 3,766
Cash and cash equivalents at the beginning of the reporting period 551,230 547,464
_ _
CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD £472,439 £551,230
_ __
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) 68,033 (68,173)
Adjustments for:
Depreciation charges 48,383 48,630
Dividends, interest and rents from investments (59,029) (38,737)
Loss on the disposal of fixed assets - 372
(Increase)/decrease in debtors (15,719)
22,522
Increase/(decrease) in creditors (1,588)
1,367
Gifted property in kind (175,000) -
__ __
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES £(134,920) £(34,019)
__ __
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand 47,639 96,337
Short term deposits (instant access) 424,800 454,893
__ __
£472,439 £551,230
__ __

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King’s Church, Chessington Report - Year ended 31st December 2023

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:

(a) Going concern

(b) Donations and Charitable Grant Income

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.

(d)

Restricted and Unrestricted Funds

(e)

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 2023

(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

(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 2023

2. Income

(a) Donations and Legacies

Gifts by Gift Aid
Gifts for Sweden Fund
Tax Refunds
Gifts for Outreach
Gifted Property
Bequests
Donated Goods – Foodbank
Other Gifts		 Unrestricted
424,456
-
106,249
-
175,000
-
-
39,504
_
£745,209

_		 Restricted
2023
2022
-
424,456
402,645
-
-
35,814
-
106,249 100,661
25,280
25,280
27,816
-
175,000
-
-
-
2,726
6,384
6,384
6,433
-
39,504
31,727
__
_
_
£31,664
£776,873
£607,822
_
_
_____
(b)
Other Trading Activities
Unrestricted Restricted 2023 2022
Rental income from trading subsidiary 38,260 - 38,260 33,298
Donation from trading subsidiary - - - -
_ _ _ _
£38,260 £- £38,260 £33,298
_ _ _ _
2023 2022
Charitable Activities
Staff Costs 426,111 374,433
Church Life 3,840 4,126
Communications and Media 7,974 11,523
Building and Running Costs 95,947 101,925
Local Outreach 7,958 3,187
Training and Discipleship 5,329 12,220
Youth and Family 7,964 5,892
UK and World Mission (Note 14) 147,479 131,247
Donated Goods – Foodbank 6,384 6,433
Miscellaneous Expenses 7,465 6,392
Depreciation of Equipment and Minibus 4,233 4,852
Depreciation of King’s Centre 44,150 44,150
Loss on Disposal of Freehold Property - -
Governance Costs (Note 4) 3,035 8,352
__ __
£767,869 £714,732
__ __

3. Charitable Activities

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King’s Church, Chessington Report - Year ended 31st December 2023

2023 2022
Restricted expenditure included above:
Gifts for Outreach 22,584 26,833
Sweden Mission Costs - 41,505
Donated Goods – Foodbank 6,384 6,433
Training and Discipleship (Training Fund) - -
__ _
£28,968 £74,771
__ _
4. Governance Costs
2023 2022
Independent Examination Fees 3,035 3,102
Legal Advice - -
Safeguarding Review - 5,250
______ ______
£3,035 £8,352
______ ______

5. Tangible Fixed Assets


Cost at 1stJanuary 2023
Additions
Disposals
At 31stDecember 2023
Depreciation
at 1stJanuary 2023
Charge for year
Released on Disposal
At 31stDecember 2023
Net Book Values
At 31stDecember 2023
At 31stDecember 2022		 Leasehold
Land & Buildings
2,207,454
-
-
2,207,454

913,950
44,150
-
958,100
£1,249,354
£1,293,504		 Furniture, Fittings
& Equipment
Total
116,648
2,324,102
2,900
2,900
-
-
119,548
2,327,002
95,543
1,009,493
4,233
48,383
-
-
99,776 1,057,876
£19,772
£1,269,126
£21,105
£1,314,609

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King’s Church, Chessington Report - Year ended 31st December 2023

6. Investment

Investment
Shares in trading subsidiary 2023
100
£100		 2022
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 2023, the net assets of K. C. Chessington Limited amounted to £6,867. It had gross income for the year of £256,573 and total expenditure of £257,477, resulting in a net (loss) before tax of £(904).

7. Debtors

Debtors
2023 2022
Income Tax Recoverable 26,791 41,904
Other Debtors 47,947 17,115
Assets held for re-sale 175,000 -
_ _
£249,738 £59,019
_ _
Creditors: Amounts Falling Due Within One Year
2023 2022
Social Security and Other Taxes 11,736 8,032
Other Creditors 11,460 16,752
_ _
£23,196 £24,784
_ _

8. Creditors: Amounts Falling Due Within One Year

9. Restricted Funds

Outreach
Donated Goods – Foodbank

 Balance
at 1.1.23
Income
4,833
25,280
-
6,384
_
_
£4,833
£31,664
_
_		 Income Expenditure

(22,584)

(6,384)

_

£(28,968)

_		 Transfers
-
-
_
£-
_		 Balance
at 31.12.23
7,529
-
_
£7,529
_

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King’s Church, Chessington Report - Year ended 31st December 2023

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
_

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 1.1.23
Funds
Income
Designated Fund for Fixed Assets
1,314,609
(45,483)
-
Emergency Fund
50,000
-
-
General Fund
419,649
45,483
804,238
Training Fund
111,083
-
-
_
_ _
£1,895,341
£-
£804,238
______
_ __		 Income Expenditure

-

-

(737,008)

(1,893)

_
£(738,901)

_		 Balance
at 31.12.23
1,269,126
50,000
532,362
109,190
_
£1,960,678
_
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
_

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King’s Church, Chessington Report - Year ended 31st December 2023

11. Analysis of Net Assets Between Funds

Unrestricted Restricted Total
Funds Funds Funds
Tangible Fixed Assets 1,269,126 - 1,269,126
Investment 100 - 100
Current Assets 714,648 7,529 722,177
Creditors – less than one year (23,196) - (23,196)
___ _ ___
Balance at 31stDecember 2023 £1,960,678 £7,529 £1,968,207
___ _ ___
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
___ _ ___
12. Employee Information
Staff Costs Comprise:
2023 2022
Wages and Salaries 352,551 295,919
Social Security Costs 29,794 28,945
Employer’s Contribution to Defined Contribution Pension Schemes 33,199 25,297
_ _
£415,544 £350,161
_ _
The average number of employees during the year calculated
on the basis of full-time equivalents was as follows: 2023 2022
Paid Trustees 1 1
Staff 10 10
____ ____
11 11
____ ____
The number of employees with emoluments exceeding £60,000 fell within the following bands:
2023 2022
£60,000 - £70,000 1 1
_ _
1 1
_
 _

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King’s Church, Chessington Report - Year ended 31st December 2023

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.

2023 2022 2023 2022
Trustee £ £ Family Member £ £
Gross Salary
M. Tindall 66,585 65,038 J. Tindall 420 1,855
G. Gentry - - C. Gentry 24,578 23,675
J. Akhurst - - B. Akhurst 734 -
Pension
M. Tindall 6,658 6,504 J. Tindall 42 169
G. Gentry - - C. Gentry 2,458 2,367

The total remuneration to key management personnel amounted to £310,014 (2022 £276,622).

During the year, the Trustees were reimbursed a total of £8,012 for expenses incurred on church business (2022 £5,090).

Alex Robinson, son of the trustee R W Robinson, was paid £991 (2022: £690) for consultancy services during the year.

K.C. Chessington Ltd (subsidiary)

During the year, the church received rent totalling £38,260 (2022: £33,298) from K.C Chessington Ltd. There was also a balance of £2,241 due from the company (2022: £260 due to the company) at the year end.

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King’s Church, Chessington Report - Year ended 31st December 2023

14. Missionary and Outreach Support

Missionary and Outreach Support
2023 2022
Grants were made to the following organisations during the year:
UK and World Mission
Caring For Life (Christian Social Support) 5,199 -
Essex Gospel Partnership 7,500 -
FIEC (Evangelical Church Network) 12,079 8,140
Friends of Mandritsara Trust (Good News Hospital – Madagascar) 6,093 7,194
Hope for Children - Latvia (Support for Disadvantaged Children) 5,199 6,948
Hope Health Action – Haiti (Medical Relief) 2,000 2,000
Insight (RBK Christian Schools Worker Trust) 12,000 12,000
Leyton Community Church (Blackpool) 5,000 5,000
London City Mission (Christian Outreach) 3,300 8,797
Mission Sweden (Church Plant in Gothenburg) 50,316 51,274
Mission Without Borders (Christian Support in Eastern Europe) - 7,194
OMF – Tawbuid Bible Printing (Philippines) - -
OMF – Other (Support for Missionaries) 4,400 4,400
Peak Trinity Church (Bakewell, Derbyshire) 3,000 3,000
Release International (Support for Persecuted Christians) 9,093 3,300
Sharing Lives (Community Support and Befriending) 1,000 1,000
Stockwell Baptist Church 10,000 -
Through the Roof/Wheels for the World (International Disability Support) 3,600 3,300
UCCF (University Christian Outreach) 1,100 1,100
UFM – Arab Focus Media 3,300 3,300
Vereinigte Deutsch Missionshilfe E.V. (Support for Missionaries) 3,300 3,300
_ _
£147,479 £131,247
_ _
2023 2022
Outreach - from Restricted Funds (included within analysis above)
Caring for Life 5,199 -
Friends of Mandritsara Trust 6,093 7,194
Hope Health Action – Haiti - -
Hope for Children (Latvia) 5,199 6,948
London City Mission - 5,497
Mission Sweden - 41,505
Mission Without Borders - 7,194
Release International 6,093 -
_ _
£22,584 £68,338
_ _

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