## **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