Charty fègistrallon nthnber 1199012
THE KING'S CHURCH CHESHAM CIO
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Caladine
Chartered Certified Accounlonls

THE KING'S CHURCH CHESHAM CIO
LEGAL AND ADMINISTRATIVE INFORMATION
TnMt••$
T P J Reynolds
Mr G Gorton (Chai￿￿nI
M8 Lwade
Ms A Bartsford
Ms A Wsky.Jitman
Charlty numb•r
1199012
Prfn¢lpal addm8
Trfnty Chrf3tlan Communlty Centre
Red Lion Str•¢l
ChgBham
HP51EZ
Audltor
CaladTno L5mlled
Chanty House
22 Upperton Ro•d
Ea5tboume
East Sui
eN2118F
Bank•rn
HSBC
92 SycHrnor• Rood
Amariham
BucklnghBm$hir•
HPfj SEW

THE KING'S CHURCH CHESHAM CIO
CONTENTS
Pag•
Tn*tg8¥' ieport
Ind•poThJanl audllorfs rgport
statoment offlnanrJal actlth8
Slatthnwbt of fln8nG)al pos￿0￿
St4lem6nl clcaih Ibw8
Not•É to th• fffiandal statements
9-14

THE KING'S CHURCH CHESHAM CIO
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEAIBER 2023
The tru¥l¢*s present their onnual raport and fjnonci&l stalomentB lor th8 year 8nd•d 31 D8c*mbar 2023.
The fin4noo1 stat8ments have b88Th prepared Sn accordanee wlth Ihe accountlng poliae$ sel out in note 1 tc the
financial ¥t4lernenl8 and cornply wlth tho CIO'3 Con$titutTon dated 19 M8y 2022. the Charitie¥ Act 2011 aHd
Accountlng and R•portlng by Charit￿1.. Sto18menl of Recomrnended PrhclKe appliCa￿e to charitk3 prepartng Ihelr
8ccounls in accord¥n¢e with the Fln4nd81 Reportlng StsndBrd applicable in the UK and Republic of lffjland IFRS
1021. l•ffec*ve 1 Jjnuary 20191.
Obje¢ll￿8 and *etlvlll•8
The CIO'S oblELts are th? prgdgmatknn and ￿rthOranCe of the Gospel of God concemlng Hls Son. Jesus Christ our
Lord, Ihrough rn5ss￿n Oo￿lIY ¥nd V￿￿￿wIdeI. in devBloplno matuflty in Ihe membershlp, und In T¥flecling the love ol
Chrht.
PubNo benerrt
Th• trus18es hav• pald du• ragard k> guldanu 18sued by the Chjth CommI3￿On In deeithng vjhot hctivlb.es th•
CIO should und8rtokè.
Achl•vwn•nt• p•rfomMnc•
SwifiG8nl ?¢tivitlos and 8¢hi•v•m•nts agalnsl DbJectlv•s
At prèsent. no opernting aclivlhes have taken place in the CIO. During the yoar. the CIO was glfted ownershlp of th•
old Trlnily Baptist Church Chesharn bulldlng. This Mll require r8novallon, usino Ihè fund$ bulll up In the exisling
charily (rh8 ￿n9'• Chureh Chesharn, charty r•al8tFatiorb numbgr 2915901. and 1heTh tho CIO wlll ba tho m8
oporallcn81 charlty.
FIMnGlal rnvl•w
Tho 8ccounls lor Ihe yepr 8h¢w ¥ 8urpluB of £1,197.￿0, followlng the roGoonltlon tsf th• proporty whlch w81
d¢nal•d to us dudn9 Iho year.
Plan8 for lutur• p•wlods
Phase Ona of the ranovalion of tho trknKy bulldkng Is planned lo Commen￿ •grfy In 2024 and b• comp￿tId by th•
and of Juna 2024. FOllo￿Ng cornpledon ol ph8sè en8 Ihe Offlc• and meeting rooms will Iransfer Irom Unit 11 Ch$$$
8usine51 Pork lo the Trinily bulldlng. 1115 planned that 011 the acllvltleB of Ihè lQng'L4 Chur¢h will Iran$fgr from th•
ty regisiralon numbw 291990 lo the CIO Chathy *s ￿on ab li piactlcal durtng 2024.
Pha¥9 2 of the renovation WIM corrmence when funds are available.
StNctum, lovem•￿¢ and management
The CIO 1$ regI5tered wtth Ihe ChBdty Comrnl8slon for England and ￿1￿$ Ino. 11990121. It Is govemed
attordance vlth its Constilutlon dated 19 May 2022.
Thè trustees who $8Mid during Iht y•8rand up to the dgle of Signature of the fin¥ndal 5tatement$ were..
Mr P J Reynolds
MT G Gorton IChaimi8nl
M8 L Wade
MSA Berlsford
M5 AWl$ky-JAman
R•cn4itmgnt and eppointmfrntof tmstees
The Irustees are mlnded to r8ciuII anoth8r trustee as soon a8 po$siblè lo replace Ihe position left by th6 death ol
Jererny Broyme lone of the original truste8s ol the CIO)
None DI the trustees has ary beneficial int8rèst in the Company. All of th8 trustses aT8 m8mbers of Ihe eompany and
guarantee to contributt £1 in the event of a windlng up.

THE KING'S CHURCH CHESHAM CIO
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
SlotemeTrt of trustAM' r•sponilblllll
Th8 trust885 arg f8SPDnsible lor preparfng the Trustees. R•port 8nd the finandAI $t8tements in acmrdance with
8pplicablg law and Unlted ￿ng￿tsm Accounting Standard¥ IUnil8d Kingdom GeTh•ra￿Y Accepted A¢￿￿n11n9
Piat15cèl.
The law applicable to charits•s In Enbland and Wa1•5 r8quSrg$ the Ims1￿& to prèpa￿ financlal statsmonts for frach
financial year which 9￿• a true and falr ￿eW ol thg ¥tatg of affaffs of the CIO and of th¢ incoming r•sources and
application ol resources ol the CIO for that year.
In pr8parlng thèsè financkql 8tatements, the trustees a￿ r8qulréd to..
$•b¢l $ultabl• a¢¢tsunting pollcl8s and then appty ttiem con$lsltntty',
- ob¥•rv• the m•lhods and prfnclp1•5 In the C￿ritIeS SORP..
. mak?judgements and asttsnatès Ihpl Jre reasonabh pnjdont,.
slalo whather appllcable accounting Blandards havo been follow•d. subject lo any m•tertal deportur•B d18c4osèd
and oxplained In the finanaol stslements,. And
pr•par• the fin4ntsAI 114t•m•nts on th• golng roncem ba819 unless it li In•ppTwlal? lo pr•sum¥ that the charity
wlll contTrnu• In op•ral(on.
The Iruslees a￿ ￿sponsIblE for keeping sufficienl aceountin9 records thal diselose wllh reo8onatsle 8eeuracy at any
Ilme the linancpal position of the CIO and 8nabl• thèrn lo ensure that the financial 51alernenl$ comply ￿th Ih
CharftS8s Act 2011, th• ChArily IA¢counts and Rtport$l Regulations 2D08 and the pro¥?sion$ of the irugi deed. Thèy
are also ￿$Pl)nsIble ftsr s¥leguarding the assets of the CIO and han￿ for lakln9 reasonable steps lor the
prev6nllon and d•l•clbn tsf fraud and other Irreoularftlel.
Th• tru61ges' ￿P￿rt W86 approved by th$ 8oard of Tru8t••S.
r G Gorton ICh8iTmanl
Tru4ts•
D•te.' .......

THE KING'S CHURCH CHESHAM CIO
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE KING'S CHURCH CHESHAM CIO
OpinSon
We have 8udrted Ihe finandal Gtalernents of Th• King's Church Ch8sham CIO Ith• 'CIO'I for the year 8nd8d 31
Docember 2023 which comprise the 8t8lem•nt of flnancial BL*vStles, Iho statem•nl of financial posit￿n, thè
5tatemenl ol ￿$h fknws and not8s lo the finanaal slatgmènts, indudin9 signifieanl aeeounling policies. The financi81
r8POrting framewort that h85 been appl'èd In their pi•paratlon Is appllcablg bw and Uniled Kingdom Accountin9
standards, includiry Finandal Rgporting Standard 102 The FAnanci81 Reportlng Standard 8ppliGabl& In the UK end
Repu￿1¢ ollre18nd Iunlled Kjngdom Gonerally AGc6ptsd Accounting Practic?).
In our oplnlon. th¢ fknanclal 8talern8ntS'.
9iv¢ a true gnd fair ￿8W ol Ihe 8181e of th• char￿& thiis Ès at 31 Decemb•r 2023 and of H8 Incoming
resourr£s and BppIIc8tion of r880urce8, for y8ar th•n ended;
have been PTop•rty pr?par•d In acwrdanc• with Un14•d Klngdam Ggnowally Acup1￿ Aeeounllng Prncllco,.
and
have be•n prnpared In occordsnce wtth the r•qulr8ment6 of thg Chorlll8sAcl 2011.
Btt¥l8 for oplnlon
Wo Cond￿ted our audll kn accordan￿ wlth lThlern¥llan?I Standards on Audttlng IUKI (ISAS (UK)) and 8ppllub
law. Our r88pon8iblMlles under those 8tand8rds are lurther d8s¢iib8d In tho Audllorf8 rnsponsibllillgs lor Éhe budil ol
th& nnanclal st8terngnls sectlon ol our rèport. We independenl ol the CIO in accordance wrth ttrè elh*81
r8qulremnt$ thot ar8 ièlev8nt lo our oudll of th8 fin￿¢[81 slalèm8nts in Ihe UK, Including the FRC'S Ethlcal
Standaid. and the pro￿810￿$ &vall8ble for small entS1ie8, Sn the clreumstances ￿1 out in nol& 17 to Ihe ffin8ncLql
statements, 8nd we havg fulfllled our other elhkal respon8ibiliti•s in 8ccLJrd8nce wbth the$¢ requiremenl$. W¢
b•¥eve Ihal th• audll evldence w• have obt£lnÉd18 8uffidenl and epprDprlat• lo provld• 8 ba615 for our opknlon.
Con¢lu•lon• r•latSn9 to golng ¢onG•rn
In •udlllng the fln8nclal ststgmonts, w8 have Coneludèd that Ihe INBlg8s' u88 of 1h• golng cone8m basi8 of
accounl*)g In Ihe pr8pgfation of the financlgl staternenl¥ IB ¥ppropilat8.
Based on th• WO￿ ￿ have performed. w• hav• not Idgn15fitd any malerial uncertalntles r¢loling to ev•n18 or
condltions that. Indivlduany or o)Ileclivety, may cast swnfficant doubt on the CIO'S abi14ty to contlnU8 91 ¥ golng
cencem fgr a pèrlod of o11ègsI ￿e1ve month8 from when the fln8ncio15tatements are authorised for l¥¥ue.
Our re8ponsiblNtles and tha r•8PDn8lbllitie• of lh• tnjstees wlh r#sp8ci to golng concem are descdbed In tho
ralevant sedionj ol thlj report.
Oth•r Infornwllon
The other Inhrniatlcn comprises the InfDrrn?tion indurted in the gnnual report olher than the fln8nclal 8tatem•nt5
ond our Sudttorfs report Ihereon. The truBlev5 are responslble for th8 olhgr inforrngtion conlained within Ihe annual
raport. Our opinlon ¢n lh• finanaal 5talemenls doe5 not cover the olhqr inform8tion and we do not expre¥8 any lomi
of assuran￿ conduslon Ihèreon. Our responslbllty Is lo read Ihg other inforrThation and, in doing 50, consld•r
whgth8r the other information Is malerlalty In¢onsbslent wlth Ihe finanel81 statomants or oui knO%￿edge obtaln8d In
thè course of thé audlt. or otheNA$e appears ID be rnatBrially misslated. 11 we idenlKy such material incofisislenries
or apparenl rnaterial Mi￿18¢eMentS, we are reqU￿ed to determine whelher this glves rise lo a material misslatemenl
In th8 flnan¢ial slaternents theMse￿e5. If. basEd on the work we havg pèrformed. we eonclud6 that there 18 a
m8tgrf4l misst8tèmdnt of this other Snf¢)fmallon. we are required to report that laGt.
We hAv• nothlng 10 fèPQrt In thls re9ard.
latt¢r8 on whlch w• arg required to report by •x¢¢ption
Wg have nothing to report in r•spect ol Ihe follo￿ng malters in r81atlon lo whith the Chamlles (Accounts and
R8PDrtsl Regulations 2008 iequire us lo report lo you if. in our opiThion'.
the Inlormalion givor in th8 financial 5tatemenl8 i¥ inconststent In any material T•SP•d with the tNsla68'
report., or
strffiuent accountlng TKords have not been kèpt, or
the financial slatements are not in agreernent wilh th8 accounting records,. or
we have nol received all the infDrmation and explanations we require for our audR.

THE KING'S CHURCH CHESHAM CIO
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE KING'S CHURCH CHESHAM CIO
R•spontslbllit501 of tN$t••*
As explain•d more fully In Ihe stalemgnt of tru$l¢¢s' responsibllilie8. the Iruslees are responsible lor th8 PrePa￿tIon
of the financlgl sta19rnenls and for being $Bll¥fied Ihal they glv• 8 true and lair VIEW, and for SLKh Intwnal control as
the trusl68s detèrmine is nerAgssary to 8nabl8 the preparatlon ol financ4al statement$ Ih8t are frBe from matèrial
mlsslatèrnant, whether due to fratsd or error. In pr8paring the financial statemenls, the truslees are responsible for
as¥essing Ihe CIO'S abllily lo Continue 88 a going concern, disdosing, as app1[￿ble, mAttor8 related to going
concern and using thè golng concem ba816 of a￿untIng unle88 the Iruslfjes elth¢r inlend lo cease op•ralion$. or
have no r6Bllstlc alternallvè bul lo do 60.
AudIt0￿8 r••pon8lbllltlo8 lor the audlt olthg Ilnanclal stst•m•nt*
We have been ¥ppoinled as audhor und?r 3ectlon 144 of Ihe Charilles Act 2011 and report In 4wA)rdanc8 wtth the
Act and relevant regulations made or hawnu effect thergunder.
Our obj8clfjves are lo obt8ln reasonable assurancè about wh8ther the fin8Thts91 itAt8ment8 a6 a whole are frèè from
malerfal mis$lalernenl, whethèr du¢ to fraud or ¢TTor, and lo issu• an 8udttorfs rèporl thal indudtss our oplnion.
Reasonable assurance Is g hlgh lèvel ol assuran¢e but IB IK)t a gUarAnt￿ that 8n avdlt conducted In accordance
wAlh ISAS IUKI will a￿aYS détect a rnalerial misst8lemeDI when It exl$l$. Mls8lat¢manls c•n arf88 frorn fraud or
error and are eonsiderèd malarfal il, Indr￿duallY or ITh Ihe aggregatè, Ihey could r¢h8onaÈ4y be expected lo Influ•nc•
th8 economic decislons of usèr¥ l?ken on the basis of these finandal 51atemoDts.
The exienl to whlch oui procedure6 ar• c8pable of datectlng Iri•g￿#rMI¢J. Induding fraud. 18 dela518d b•low.
Our 8ppro8ch to idèntifying and asB8sslng the r18k8 of rnat8rlal mi18101ornent In respact ol Irr•gd?rltK*J, includlng
frI￿d and non-compliancè wilh laws and regulath'oni, was a8 follows..
the enBagemeni partner ensur•d thai the engag•m•nt tearn ￿llectIv•ty had the appropriat8 compet•nce,
p8bililies and Jkllls lo identify or recogThise non-compllaThce with applicable laws and r8gulallons',
we idenlified the laws and r£gulallDns appilc8ble lo the CIO through discusslons wrth trustees, and frDm our
commerGI81 knowlBdge and experlence ol the ¢harity seclTrr',
we focused on sp8cific 18W8 and regulation$ which w& eonsldered may have a dlrèct rnat8ri8I effect on the
financial slatemènls or the operallons DI Ihe CIO, such as the Ihe Chartlie$ Act 2011.,
8s5es5ed thE exlenl DI compli9ncè wrfh Ihe laws and regul8tion$ identlfiad above through moklng
onquirie5 of management and ir>speLling legal corr•spDndenc8', and
* idgntrfied laws 8nd regulations w?re comrnunicatett wilhin Ihe audlt tsam regyk4ty and Ihe team rem•iftÉd
alert 19 in8lan¢e8 ol non-compli8ncp throughout tho audit.
WÉ ossossed th• suscèptibility ol th• CIO'8 financial slatern•n18 to malerlal mls61ai8rnenl, Induding obl8lnlng •n
undtr8tanding ol how fraud mlght oecur, by..
makin9 enquirlfrs ol managgment as to whera they consldered thèr8 w¥8 SUSC8Ptibility to Irgud, their
knowledge of actual. suBpec¢ed and alleged Iraud.. 8nd
• CDnsidering the rntem31 controls In place lo mitigate risks of fraud and nor￿coMpliance wtth lawB and
regulation5.
Audit r•spons• to risk$ id•n¢inod
To addréÈ$ (he risk of Iraud through managemenl bias and ov8rrid8 of controls. we..
perfonned analyllcal pfocedurÈs to IdeDtty any unusu81 or unexpected relallonship$',
tested loumal entries to Identify unusual transaclion5',
assessed whether judgefflents and assumpuons made Sn determining the accounting estimates w&re
Indlcatlve of Poten￿al bias.. and
Investigated Ihe rationale behind $19nificant or ￿nUsUal transactions.

THE KING'S CHURCH CHESHAM CIO
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE TRUSTEES OF THE KING'S CHURCH CHESHAM CIO
In reBpon¥e lo the rl8k of Irrggul8rlU•s and nonvcomplioncs with laws and regula￿OnS, wa do$lJned procedur•s
whlth included, were not limited lo,.
•greeing finandal statement di5closur8S to underlythg 8UPPQrting docum•ntsllon,'
r•adlng th8 mtnute5 of meeungs ofthosè charged wilh govemance..
enquiring of manBgernent as lo actual and potèntial IltSgation and dairns.. and
revlewing Cor￿3P0ndence with HMRC 8nd robvant regulalor6
There are inherent limltelion? in our audtt procedurgl dtscrtbed obove. The mr8 removed that lews and
regulalion5 are frorn financial transactiDns, the less likety It is that we would become Bwa￿ of non.compllance.
AudlJng 8landgrd8 8180 lirnit the Budit proetdure6 requlred lo id8nlrfy non-compliance wlth laws and regula￿.On$ to
enqulry of the tru¥teès and other mBn8gernenl and the In8peGtlon uf rwyulatory and 18gAI 0)￿$pOndonee,If any.
Mat•ri81 mb68tstgm¢nt8 Ihal ariBe due to fraud e4n be harder lo dele¢t than Ih06e Ihal orf$g from arrw os Ihoy mgy
Invofvg dehbernlg ¢onwh8nl cff collusion.
A furth•r d•scripllon ol Ouf responslbllillE¥ 18 Avallable on Ihe Finan¢l81 R•portlng Coundl'A webllta at". htlp•'.11
wMw.fr¢.org.ukJBud5tor•f••ponslbilhl•8. Thi¥ dosulption lerms part ol our gudttorfs report.
Oth•r mott•rn
Your attontSon li dr•wn to the fact th•t the d)arfty has pT•p•red flnanclal stAtam•nts In ac¢ordanc• wlth'Aecountknp
and R•portlng by Gh4rttks'. Stalement of Rocomm•nded Practlc8 ¥ppllGabl• to eharitle5 preparing thoir accounts in
accordance wlth th? Flnanclal ReportlThg St•ndgrd appllcable In th¥ UK and Repu￿1( of Ir?lan¢J IFRS 1021" (4s
amend8dl In prefer•nu to th• Accounting and Reportlng by Chadlie$- Statement of ReC￿MmendO1 Pro¢U¢• l$$ugd
on 1 Aprv 2005 whlch 1$ ref•rrad to In the extonl regulallons but has now bttn w6thdrawn.
Thls has bfran done h order for the flnandal sl¥tèm•nti to prO￿d0 a true and 181r ￿eW In accordance with cuThent
GenwBIty A￿p1edACc0Unknng Practlce.
Th• correspondlng fiquTeB are un8udll•d,
C•lodln• Llrnll¢il
Ch•rt•r•d C•rtlll8d A¢¢ountant•
statutory Audltor
Ch•nlry House
22 Uppèrton Road
Ea61boume
East Sussex
8N21 18F
C?ladine Llrniled is allglble for appointmenl as audrtor of the CIO by vlrtua ol Its ellglbéTty for appoln¢m•nt as audltor
of a ttlmpany und8f sec￿on 1212 01 the Companios Act 2006.

THE KING'S CHURCH CHESHAM CIO
STATEMENT OF FINANCIALACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unr•strlctsd
funds
2023
Nots•
I￿orn9 from:
Donations and
1,21KJ,000
Totsl Income
1,200,000
Exwndlbjre on:
Charftable actlvlllB8
2,040
Totsl *xp•nd1￿rn
2,040
N•t In¢om• •nd mov•m•nt In fund
1.197,960
R•conclll•tlon of fund8:
Fund bolunceq Ml 1 January 2023
Fund ￿1*￿¢0* •t 31 Oec•mb•r 2023
1,197,960

THE KING'S CHURCH CHESHAM CIO
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
2023
2Q22
Nots#
Flx•d a&ts•ts
Property, plant and •qulpment
10
1.200.000
Curr•nt Il•blllll••
11
12.040)
N•t Gurrnnt Ilabllltl•fj
12,0401
N•1
1,197,￿0
Th• lund• ofth• CIO
Unreslrfcted luryjs
1,197,960
1.197,980
The ffn•ndal 8tslam•ntA wore appTovad by tho INst••i on .... .
MrPJR
Thi•¢••
Id8
Plr G Gorton (Cha1￿&￿)

THE KING'S CHURCH CHESHAM CIO
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Not•$
Ca•h IlowN from 0￿rnt1ng #cllvltl•8
Cash g•ner8t8d Iromllab6orb•d by)
op?rg1ion8
1,200.000
Inv•stlng Acllvltl
Purchas• of property, plant aThJ 8quIprnont
11,2CQ.000)
N•t ￿*h In Inv••llng a¢llvlU
11,200.0001
Cash and oash aqulvalents at b¢glnnkng of y•ar
Cash and r••h •qulv•l•nts It •nd ol y••r

THE KING'S CHURCH CHESHAM CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢counliny poll¢l••
Chorlty InforMa￿tsn
The CIO Is T•glstÈred wth lh6 Ch•rty CommS3sion lof England and W8105 (no. 119W121. It 16 govemed In
02cord8ne• whh ft8 Con8titulk)n dated 19 May 2022.
1.1 Ar¢ountlng eonv•ntlon
The flnanclal stoternants have beèn prepared In #c￿rdEn¢e with the CIO'S qovernlng docLNnent. th¢ Chgrltlès
Act 2011, FRS 102 'Thè Finandal Reportlng Standard applicable in the UK and Republio of Ireland fFRS
102.1 and Ihe Ch•rilie3 SORP"AccouThllng and Reporting by Chaflties.. Slgternent of Reeommended Practice
applicabb to charfuès prapadng Ih•ir accounls In accordance with the Flnanclal Reportlng Sland8rd
applscablt In Ihe UK and Republlc of Ir818nd IFRS 1021" leffoetive 1 January 20191. Thè CIO is a Public
8•nafrt Enthy &8 dor￿¢d by FRS 102.
The finanaal statern•nts h8v• departgd from th• Ch¥rffjé8 IA¢cnunts and R•portÈ) Règulallons 2008 only to
thè ext8nt rèqulred lo provid8 a true ond lair vi8w. Th13 d8p8rture has Involved following the Slot8rnent of
Récommended Prath'ce lor charillei applySng FRS 102 rather Ihan Iho version ¢f tha Statement of
Racommend•d Pfaclicg which is r•lerr8d ta In the Regulallgn$ but whkh h81 81nce bègn withdrawn.
Th8 flnandal statements are prep¥r¢d In &tertlng, whlch 18 the luncllonal Curyen￿ of Ihe CIO. Monetary
mount& In th￿0 fthancS91 slat•ment$ Jr• reunded to Ihe near•BI E.
f￿anCiAl slatem8nl8 h)vo been prèp8r•d under th• h1$tO￿lI ￿6t convenuon. Th• prlndpal accouTrtJng
polid•• adop¢•d •r• sgt oul bèlow.
1.2 Golny ¢on¢•m
Al th8 limt ol appro￿ng lh• flnan¢ial statement$, th* trustees ho￿ a r•agonabl¢ sxpectAtion IhBt the CIO hai
Adequate rosour¢es to eonlinue In gporatlonal existence lor the foreseeabl• fuiure. Thus Ihe Iru8teei contlnue
to 8dopt lh• going con¢•rn basis of accounllng In pr¢parlng th& financS01 $1glemonl$.
In due courn•, the CIO wlll be taklng over th• 8xlBllng •¢tlvities of The King'¥ chU￿h Ch•Jh•m. charfty
re9lstralion number 291990.
1.8 Charllxbl•
Unrestrlcled fund8 are av8llabl• lor u8• at tha dl$crelitsn of the tru8teeB In lurther¥llc• of th•lf tharftI￿e
oblact5ves.
1A Incom•
Incorne 18 recognis•d when the CIO IB leg8lly enlltled to tt after any perforrnanc8 condttlon$ havè been mel,
the amounts can bè measuied roliBbly, and il is probable that income will be recelved.
1.5 Exp•ndiiur•
Expendlture ￿ fecognised once Ih8re Is a legBI or constructive pbllgatlon to transfgr econom1c berteflt to a
third party. 11 ￿ probhble Ih8t 8 transfer ol economiG benefils will be required In 5ettlem8nt, and the amount ol
the obllgation can be measured ¥el￿bty.
Exp8nthlure Is ¢las5if*d by 8clivity. Tha cgsls of each aclivily are rnède up of the total of direct cD$ts 8nd
sh?red costs, Indudlng support costs involved in undertaking each activity. Direct costs atlributable to a single
ctivity are allocated direclly lo Ihai actSvily. Shared r.ost$ whsch contribute to more than one 8Ctivlty and
support cosls which 3rtr nol altributable to 8 Single aclivily are gpportioned between thosè a￿'vItIeS on a basis
conslsienl wblh the use of resource5. Central staff c051S are allo¢ated on Ihe basls of lime spent. and
d8precAalion charges ar8 allocatsd on the portion of Ihg a55et'5 use.

THE KING'S CHURCH CHESHAM CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ounting polici•9 IConthiu•dl
1.6 Pfopetyi plant and equlpm•nt
Property. plant and oquipment 8re initialy m•astsr8¢J •1 cost pnd gub8equently mgasured at cojt or valvation.
nat of d8pi•elotSon any Impalnnent1089es.
Depreciatron Is r8cognis8d so as to wrtte off Iha co81 or v8lu&tlon of a$gets les8 th*Sr residual values over their
gelul lives on the fowlng bB¥i¥'.
Freehokl land and bulldin98
50 yearB 6fralght liné
Freehold land 19 not d•pr8dal•d.
FoHowing th? I￿•1p1 of the Church bulldlng. slunifiwl renovatlon works ore required. which will b8
undertaken durlng 2024. Therekn. the bulldinq 18 ncjt currently In a state to be us•d and Iherelore no
depreaation ha¥ yel been charged.
The gain or Joss 8rf8Sng on th• d15p￿￿1 of en ossot Is détèrmind 8s ghe drf1•r9n￿ b•bY•en the sale pro¢e¢d8
and c8rrylng valu• ol th8 ?5sg1, andls recognlsed sn Ihe stol￿ent ol fnanclg18rtthtSe8.
1.7 lm￿11￿*nt ol nonvcurrnnt as••ts
Al •aGh reporting end d8te, the CIO rewew8 tho carrying amtsunls 01 its tanglble ?s¥els to del•rmlnè whthher
Ih8r• Is any indlcatlon Ih?I IhoBe a¥Jels hav• ?tsff8rgd an Irnp8irrnenl lo85. If any ¥uch Indleation gxi¥Is, the
recO￿rabIa amount (rftha a858111 èslimatod In ordèr lo det?rmihe Ihe extent of thè impai￿ent loss Ilf any).
IA C••h and ca•h oqulval•nts
Cash and cash eqUI￿len19 Include cash In hand, depos￿8 held al call w5th banks, other Jhort.lerrn Ihjuid
Inveslrnents wtth orlglnal rnaturlties ol Ihre8 rnonlhs or less. and bank ov&rdraft$. Bank overdrafts are shown
wtthln I￿rrow1n9$ In current llablliti8s.
B•$l¢ th•n¢l•l•ss•ts
8aalc Ilngn¢ial 8s$ets, whith include Ir8d8 and olhar receNables and cash and bank balaneas. are inltlally
rneasured al tran8acllon prico includSng Iransactlon c¥)Sts and are subsequently carried Bmortised cost
Uglng Ihg effective Inleresl m•lhod unl85S the 8rr8ngem8nt constitutes a financing transaction, where th•
transaction Is measurad at the present value of the future re¢•Splg discounièd at a market rate of Interest.
Flnanaal assets clas8M•d 88 ra&•lvabkn wfthin one yoar are not am¢fi*$od.
Baslc flnanelal liabllili•s
Basic financi81 liabilities, Includlng trade 8nd othtr payables and bank loan8 are In￿allY recognis•d at
transactlon prlce unless the arrangpment con3111ute3 a financing Ir8n5aclion, wh8re the debt tiislrumenl i
measured al the pie5ent vslu8 of the future payments di$counl?d al o rnarket rnle of interest. Flnancial
liabil￿e$ classlflad 89 payablè wilhin one year are not amortSsed.
Qebt tnstrum•nts are ¥ub$equenlly carrfed at amorti684 ￿81. using the effecti￿ Interest rate method.
Trade payables are obligaltons to pay lor goods or $¥ry1￿5 that have b•on acqulrgd In the ordlnary course ol
operations from 8uppliers Arnounts payablè are dassified as current IlabllrtTr8s if p8yment is due within on8
year or less. If nol, they are presenled as nDn.current liabilities. Tiade payables are rocogni8?d Inilialty at
Iransaction pric? and subsequonlty measured at amortlsed ¢￿)$t uslng th6 effeuive interest method.
D•re¢ognilion of flnan¢l*l liabllitl•s
Fin#naal Ilabilitles ale derewgni6ed when the CIO'5 contr8ctsJal obli9alions expire or are dischsrged ¢x
car￿elled.

THE KING'S CHURCH CHESHAM CIOII
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
CrSt1￿1 ac¢ounllng •$tlm•t•• •nd ludymonts
In th• application ol the CIO'S accounlino pollcie5. Iht trustee3 8re r•qulred to make judg8rTi8nts, •sllmale8
and ?$$umplign$ about the ￿rryIng amount ol a3set¥ and liabllbties that are not readily apparent from other
Jou￿9&. The estyrngt•s and a¥$oclated ass￿mPtIonS are baserj on hi$torical axp•r16nce and other f8ctors that
Jr• COnBider•d to be relev8nt. Aclual resuhs may dtff•rfrom the$• e3tim&te3.
The e51knates and uThJwtylng a$sumpions aTP revlewod on an ongolng bg818. Rev18ion8 to accountln9
?$tSmate5 oro recowlsed In th• P•￿tsd In whkh the estlmat• Is rgvised where the revision affoCt$ only that
pervjd, Dr In the pèrlod of th? revlglon and luture perlod$ where the r•￿slon aff•cts both curront and luture
p•rth$.
Jn¢om• from donadons •nd1ogaeS••
UnrMtrl¢t•d Unrn•trl¢i•d
lund¥
2022
2023
Donot•d goods and $¢Nk•8
1,200.e4JO
Exp•ndltur• on ¢h*rttabh •￿¥111•0
Church
Icllvltl•s
2023
Dlr•ct ¢o•l•
3har• ol •upport and qov•rnanc• ￿ts1¥9* not• 51
[30￿m¥￿te
Analyslj by fund
UnreBlrlct8d fund¥
2.040
Support co&ts alloc•trd to aetlvltlos
2023
2022
Govemgnce co318
2,040
adbe
Church a¢liwUe$
2,040

THE KING'S CHURCH CHESHAM CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs allocat¢d to a¢llvltl•s (ContSnu•dl
2023
2022
Gov•rnan¢• ¢Mts eomprlso:
Audft feas
2,040
2.040
N9t mov•m•nt In funds
2023
2022
The net mov•m•nl In fund816 $latsd afler charglngllu•dllingl'.
Fe08 payabl8 for th• audit of th? fin￿tha1 st&t8menls
2.040
Truste¢¥
None of the tW8tee6 lor any parsons connected wllh Ihem) r•e•ived any remuneration or b•n•fits from th&
CIO durin9 the year.
Employ••8
The average monthty numb•r of employee8 durlng tho year w81..
2023
Number
2022
Numb•r
Total
TheT8 were no ernploy••s whos• &nnu#l remuneratlon w8s morg than £60.000.
Taxa￿On
The tharlty Ss exempl fromtgxolion on its a￿1￿185 b8cau80 all It8 Incorne18 applied for ch#rit8ble purpos•s.
10 Prop•rty, plant and equipm•nt
Frn•hold land
Ind bulldingi
Cost
Addltlon$
1,200,000
At 31 Decernber 2023
1,200.000
CaYrylDg amount
Included above is the property at Trinty B8Pti$t Chvrch Chesham, which was gffled lo us on 11 December
2023. The properly has Ihergfore beeTr brought in as a donated asset, based on Ils valuatlon al th81 date. The
propèty was valu8d by Ja9gBrd Madand, a firm of indèpgndent valuation experts.
12-

THE KING'S CHURCH CHESHAM CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 CuTh•nt Ilabllllle•
2023
2022
Aecmals and d8ferr•d income
2,040
12 Unr•*tri¢t•d lund•
The unrestrfcted fund8 of th8 charlty cornprise the un8xp8nded bal?nc8s of dt•nation$ and grants whSch are
not Stsblect to specific conditions by donors ond gr8nlors 88 to hov4 Ih8y may bè u$•d. The8• Includ•
d•81gnatsd lunds whlch have bggn set a81de out of unr•51n'cled lundB by th¢ trvsts08 lor pU￿leS.
At 1 January
2023
Ineomlng
ourG••
RMoure•*
•I￿nd•￿
At31
D•¢•mb•r
2023
Genoral funda
1.2G(),000
12,0401
1,197,960
13 Ewnts aft•r th• Thportln9 d•t•
Followin9 the transfer ol ownérshlp of Trlnlty Bopllsl Churth Che6harn th8 trust has ccmm8ncèd r8novAtlons
nd relurt)ishm8nt. Phase 1 was cornpleled during 2023 8t a cos1 of apprtsxlmately £235,OCN) and was
flnanced by Iwansf•r of the bulldlng fund from the old K4ng's Church Chash8m Tw&1 and monres rai8•d by th8
Church.
O¢cupalion ol Iha bullding by lh8 Old Klntys Church Cheshom bègan In 2024 wlth the inlention ol IranBf8Thlng
all p￿ratIonal 8cl1￿ti•ts across In 2025.
14 R•l•tsd paity tr•n•a¢Won•
Ouring th• year, the CIO w98 gffted the old Trinlty Baptlst Churth building. Thls will be ienovaled, uslng the
ftjnds r818ed withln th? exi$tinu King'B Churth chèsharn charity. Onc• the bulkllng Is ready lo be used, the
acUyi1I9s of Ihe Chvrch will transfar across l) IhlB CIO. whowlll continue8 it's adv￿£$.
IG Cash g•n•Y•t•d from op•rntlon¥
2023
2022
Surplu¥ for thè year
1,197,960
MovementB in working caphal..
Incre888 in trade and othèr payables
2,040
Cash g•n•rntsd Iromllab$grb•d byl opir•lk>n•
1,200.000
16 of changes in n•t Idebt)Ifunds
The CIO had no material d¢bl during the y•Èr.
13-

THE KING'S CHURCH CHESHAM CIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 14or*4udlt&•rvl¢o• pro¥ld•d by •udlt¢y
In common wlth many bvBln8s5•8 01 our ske and natura wo u¥e our pudTrtor to au18t with the preparation of
Ihg fv8ndo18talemerts.
14-