King's Way Community Church
Financial Statements for the year ended 31 December 2024
KING'S WAY COMMUNITY CHURCH
CONTENTS
| 1. | REPORT OF THE INDEPENDENT EXAMINER |
|---|---|
| 2. | RECEIPTS AND PAYMENTS ACCOUNT |
| 3. | STATEMENT OF ASSETS AND LIABILITIES |
KING'S WAY COMMUNITY CHURCH
1.
INDEPENDENT EXAMINER'S REPORT
Independent Examiner's Report to the Trustees of King's Way Community Church
I report on the accounts of King's Way Community Church for the year ended 31 December 2024, which comprise the Receipts and Payments Account and the Statement of Assets and Liabilities.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below:
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material aspect the requirements:
-
a) to keep accounting records in accordance with Section 130 of the 2011 Act; and
-
b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P J T Frost
Chartered Certified Accountant
JTF 195 Main Road Dovercourt Harwich Essex CO12 3PH
30 April 2025
KING'S WAY COMMUNITY CHURCH
2.
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
| Receipts Tithes & Offerings Gift Aid Income Coffee Morning Bank interest O Eradiri loan repaid Employee loans repaid Sundry Receipts Total Receipts Payments C Eradiri Net Salary O Eradiri Net Salary O Eradiri Loan Advanced PAYE & NI J Maxwell Net Salary Treasurer Net Salary Pension Evangelism and Outreach Telephone and Broadband Council Tax Church Utilities: Utilities Insurance Church Maintenance Church Equipment Audio Visual Equipment Computer equipment Printing & Stationery Child Protection TV Licence School Initiative Gifts & Donations Welfare Catering Website Computer expenses Advertising Accountancy Legal & Professional Fees Conferences and other travel costs Planning costs Bank Charges Sundries Total payments Transfer between funds Cash Funds brought forward at 1 January 2024 Cash Funds carried forward at 31 December 2024 |
16,061 11,047 15,000 14,736 7,335 5,332 2,030 3,850 129 3,532 3,438 1,584 5,355 1,483 1,503 995 2,360 275 170 960 7,935 1,445 5,168 1,477 1,126 185 173 0 3,144 0 16 50 |
2024 Unrestricted income funds £ 56,370 14,662 92 5,031 10,523 0 0 |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
2024 Restricted income funds £ - - - - - - - |
16,061 11,047 15,000 14,736 7,335 5,332 2,030 3,850 129 3,532 3,438 1,584 5,355 1,483 1,503 995 2,360 275 170 960 7,935 1,445 5,168 1,477 1,126 185 173 - 3,144 - 16 50 |
2024 Total £ 56,370 14,662 92 5,031 10,523 - - |
16,332 10,231 12,000 10,559 8,461 4,898 1,844 3,790 550 3,380 1,965 1,556 2,634 1,899 739 1,365 2,395 196 159 630 5,383 1,550 4,079 816 1,058 1,118 842 2,160 5,877 150 14 168 |
2023 Total £ 72,726 15,808 127 3,550 1,000 1,400 0 |
|---|---|---|---|---|---|---|---|---|
| 86,678 117,894 |
- - |
86,678 117,894 |
94,611 108,798 |
|||||
| (31,216) 0 |
(14,187) - |
|||||||
| (14,187) 369,921 |
||||||||
| 355,734 |
KING'S WAY COMMUNITY CHURCH
3.
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024
| Cash funds TSB Current account TSB Deposit account Barclays Current account Fixed assets retained for the charity's own use Audio visual and computer equipment Other assets Other Debtors Liabilities Creditors and accruals |
Unrestricted Restricted funds funds £ £ 4,157 - 237,190 - 83,171 - 324,518 - Fund to which asset belongs Cost £ Unrestricted 31,200 Unrestricted 15,000 Fund to which asset belongs Cost £ Unrestricted 5,272 2024 |
2024 Total £ 4,157 237,190 83,171 324,518 Total £ 31,200 15,000 Cost £ 5,272 |
2023 Total £ 3,466 270,330 81,938 |
|---|---|---|---|
| 355,734 | |||
| Total £ 31,200 |
|||
| 13,000 | |||
| Cost £ 3,862 |
Approved by the Board of Trustees on 16 April 2025
E Asamoah J Maxwell Treasurer Trustee