Koinonia Evangelical Church KOINONIA EVANGELICAL CHURCH REPORT AND ACCOUNTS FOR THE YEAR ENDING 31" MARCH 2024 Koinonia Registered Charity No. 1193095 CONTENTS Charity Information Page 3 Trustees Report Page4-6 Independent Examiners Report Page 7 Receipts and Payments Account Page 8 Statement of Assets and Liabilities Page 9 Notes to the Accounts Page 10- 11 Koinonia KOINONIA EVANGELICAL CHURCH FOR THE YEAR ENDED 31ST MARCH 2024 CHARITY INFORMATION Trustees: Don Olden Gramani Basil Jacobs Hilary Rushworth Stephen James Wicks Senior Pastor- Don Olden Associate Pastor- Stephen James Wicks Treasurer: Hilary Ru5hworth Charitable position: Registered Charity No. 1193095 Governing Document: CIO April 2021 Meeting Address: Endeavour Primary School, Kirk Campus, Dairy Road, Andover. SPII 6YG Address for correspondence: The Larches, Clatford Lodge, Anna Valley, Andover, Hants SPII 7DL Independent Examiner: Craig Willcox ACCA 12 Beckett Road, Andover, SPIO 3HT Bankers: National Westminster Bank 9 Bridge Street, Andover, SPIO IBD Koinonia REPORT OF THE TRUSTEES YEAR ENDED 31" MARCH 2024 Aim and purposes The purposes of the Church are as stated in the governing documents which include, the advancement of the Christian faith in accordance with the Basis of Faith. Other charitable purposes includingthe prevention and relief of need, hardship and sickness; the advancement of education and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or Social circumstances with the object of improving their conditions of life. Objectives and activities The objectives of the Fellowship are to glorify God through worship, the building up of members in spiritual understanding and maturity through Biblical teaching, the spreading of the Gospel and acts of service to others. This is achieved mainly through our Sunday setvices and midweek meetings. Achievements and performance The Church has maintained an online presence via YouTube and Facebook which continues to prove beneficial. This allows older and often infirm members of the Fellowship to engage in services. It also provides a platfomi for reaching out into the local, and frequently wider, communities. There has continued to be steady growth numerically with morning services regularly exceeding 100 and evening services often exceeding 60 attendees. Our youth work has also grown with an increase in numbers for our Sunday School and other children's artivities. The meetings for the teenagers, which include Bible teaching and social activities, have also seen a rise in numbers. We have recently held a "Christianity Explored" course aimed at explaining the basics of the Christian faith to those seeking to know more. This was well attended and was regarded as very helpful by those attending. Koinonia Practical support to members of the Fellowship as well as the local community has continued where possible. Church Manse The manse has been rented out to a married couple who attend the church, and this has provided us with a regular income. It will become vacant later this year and it is likely that it will be required should we employ an Assistant Pastor. Pastoral care Pastoral care is met through various channels including pastoral visits and midweek fellowship meetings. We have also had social events and Fellowship meals in order that those attending the church get to know one another better. This has proved very beneficial, especially to those who are new to the church. Local community and Outreach initiatives This year we held another Children's Holiday Club in August which proved very popular. We had children from the local community attend as well as some who are already at the Fellowship. Attendance was limited to 50 children per day which was fully met. On the following Sunday we held a special family service to encourage the parents to come along which was very well attended. At Christmas we joined the residents at a local retirement housing complex to sing Christmas carols. We also distributed over l(XIO Christmas cards to our local housing estate, inviting people to our Christmas services. Mission and Evangelism We continue to hold special services throughout the year aimed at promoting the Christian Gospel including Easter and Christmas. We held a day long Creation Conference in conjunction with the Christian organisation Answers in Genesis. This was aimed at promoting the scientific evidence for the Bible and included talks from eminent Christian scientists. We plan to run another such day later this year. Koinonia We continue to support overseas mission work including in Malawi, Ghana, Australia and Indonesia. Leadership We have recently employed a full time Associate Pastor as the needs of the Fellowship have grown considerably. The current Senior Pastor is due to retire later this year and we are looking for a full-time Assistant Pastor to join the leadership team. We are also planning to increase the number of lay Elders. Reserves Policy Koinonia Evangelical Church operates a reserve fund, setting aside a minimum 12 months expenditure for use as reserves. This report is signed on behalf of the Trustees on 9 December 2024 by Don Olden as Senior Pastor and Chair of Trustees Signed: ndent Examinerfs Re rt to the Trustee5 of Koinonia Evan elical Chur I report on the accounts of Koinonia Evangelical Church for the year ended 31sI March 2024. Respective responsibillties of trustees and examiner The charitvs trustees are responsible for the preparation of the accounts. The charit￿S trustees consider that an audit is not required for this year and that an independent examination is needed. It is my responsibility to- Examine the accounts . To follow the procedures laid down in the Direction5 given by the Charity Commission lunder section 145151 Ibl of the 2011 Act and; To state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the Directions given by the Charity Commission (Directions and guidance for examiners CC321. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusu31 items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examinerfs statement In connection with my examination. no matter has come to my attention: l. Which gives me reasonable cause to believe that in any material respect the requirements o To keep accounting records in accordance with section 130 of the 2011 Act,. and o To prepare accounts which accord ￿￿th the accounting records and comply with the accounting requirements of the 2011 Act; have not been met; or 2. To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Craig Willcox Qualification- ACCA Address.. 12 Beckett Road, Andover, Hampshire, SPIO 3HT Date.. 0911212024 Signed............ Koinonia KOINONIA EVANGELICAL CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31" MARCH 2024 Yearto 3tst March 24 Year to 31st March 23 Unrestricted fvnd5£ Restricted Funds £ ntomÈ Donations Gift Asd Rental Income Bank Interest Other 6163 67574 IS739 2361 300 18833 14237 18833 14237 Totsl Recelpts 126543 6163 132706 85974 Expenditure Salary Costs Evangelist Expenses Mission Grfrs RetTrt fjeneral Expenditure 43495 43495 21219 12538 8257 571)4 12355 gJ13 6022 6163 15176 6022 Totsl Resources Expended 72373 6163 78536 6(K)73 Net Incoming Resources 54170 54170 25901 Net Movement in Funds Funds BIF 54170 370612 54170 370612 25901 344711 Total Funds Carried Forward 424782 424782 370612 Koinonia KOINONIA EVANGELICAL CHURCH STATEMENT OF ASSEfs AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2024 Yearto 31st Marth 23 Year to 31st Marth 23 Unrestricted funds £ Restricted Funds £ Fixed A55ets Church Manse 344623 Y4623 344623 344623 344623 Current Assets Cash at Bank Prepayments Gift Ald Due 3￿81 19477 194 15734 Total Receipts 83567 83567 54115 Current Liabilitie5 Sundry Creditors Interest Free Loans 8126 28126 Net Current Assets 80159 80159 Net Assets 424782 424782 370612 Funds of the Char Net incorning Resources for the year Fsjnds B/F 54170 370612 54170 370612 25901 344711 Total Funds Carried Fop*ard 424782 414782 37(￿12 Signed on behalf of the trustees by- Hilary Rushworth-Treasurer Signature Date 0911212024 Koinonia KOINONIA EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31" MARCH 2023 l. Accounting Policies 1.1 Accountin Convention The financial statements have been prepared as a Receipts and Payments in accordance with 5ertion 133 of the Charitie5 Act 2011. 1.2 Income ReSoUr￿S All income resources are included in the statement of Statement of Receipts and Payments when the church is entitled to the income and the amount can be quantified with reasonable èccuracy. 1.3 Resources Ex ended Liabilities are recognised as resour￿$ expended when there is a legal or constructive obligation committing the Charity to expenditure. 1.4 Goin Con￿rn Trustees are confident that the Charity has sufficient reserves to continue operation5 and continue to use the going cOn￿rn basis as appropriate in the preparation of these accounts. 2. Trustee Remuneration and Expenses Don Olden and Stephen Wicks are employed bythe Charityas Senior Pastor and Associate Pastor, and during the financial year re￿iVed remuneration of £43495. 3. R￿r¥e5 Policy The trustees wish to operate a reserve fund. setting aside a minimum 12 month's expenditure. The Trustees consider reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the church's urrent activities while consideration is given to ways in which additional *unds may be raised. 4. Investment Policy Finances of the Chartty are deposited with a recognised financial institution, National Westminster Bank. Koinonia seeks to obtain the highest possible return consistent with a cautious attitude to risks and short-tenn availability or monies. 5. Depreclatlon Depreciation has not been provided on the Manse. in the opinion of the trustees, the residual value of the asset is not less than the original cost price or insurance value. io Koinonia 6. Staff The numberof employees duringthe period was 2 (Senior Pastor Don Olden and Associate Pastor Stephen Wi(*51 li