TheKing'sChurch Arnold The King's Church Arnold A Charitable Incorporated Organisatlon Registered in England & Wales Registered Charity, Number 1199632 Financial Ststements for the Period Ended 31$t December 2023 Pa Contonts Trustees, Annual Reporl Independent Examinerfs Report Receipts & Payments Account Statement of Assets & Liabilities 10 12-13 14-16 Notes to the Accounts Principle Office: The King's Centre, Shirley Drive, Amold. Notlingham, NG5 7JX
Trustees, Annual Report for the Period Ended 31st December 2023 Full Name: The King's Church Arnold Registered Charlty Number: 1199632 Principal Address The Kings Centre Shirley Drive Arnold Nottingham NG5 7JX Trustees Andrew Pickin- Chair Michael Tinkler- Treasurer Robert Bunmood Shelly Joddrell Members Andrea Smith - Leadership Member Andrew Pickin- Trustee Member & Chair Elizabeth Moran- Leadership Member (to 31112123) Mark Hopkins- Leadership Member Michael Tinkler- Trustee Member & Treasurer Robert Butwood- Tru8t8e Member & Leaderehip Member Sarah Hopkins- Leadership Member Shelly Joddrell- Trustee Member Employees Mark Hopkins- Team Leader John Coates- Centre Manager (KMAC) Joy Taylor- Children & Families Leader Wez Smith- Church Operations Support Independent Examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot street, Nottingham, NG15GL. Banklng The Co-operative Bank, 2 Clumber Street, Nottingham, NG13GA. Page2of16 The King's Church Arnold, R8gislered charity number 119*32
Governance and Management The charity is operated under the rules of its constitulion dated 22nd July 2022. Members of the charity are the Trustees and members of the Church Leadership Team. current members are detailed above. Beth (Elizabeth) Moran stepped down as a member of the Church Leadership Team on the 31 stol December 2023, she also ceased to be a Member of the charity on that date. The Trustees are appointed by the Members of the CIO, Trustees senfe a three-year term of office, there is no limit to the number of terms an individual can undertake, provided the Leadership Team continue to accept a Trustee standing for another Ihree-year term. One third of the Trustee Team come to the end of their three-year term each year at the Annual General Meeting (AGM), a new Trustee serves the remainder of the term of office of the Trustee they replace. Any Trustee who aSeS to remain in fellowship with The King's Church Arnold may be removed by The Members. A Trustee may resign by writing to The Truslee Team and The Leadership Team. Objectives and Activities The Objects of the charity are- a) To advance the Christian religion for the benerrt of the public either in the United Kingdom or overseas in accordance with the Vision, Values ancl Statement of Faith appearing In ihe schedule of the Conslitulion. b) The advancement for the public benefit of religious or other education. c) The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage. Summary of the Main Activities Undertaken for the Publlc Beneflt The Church's aim is lo encourage the church community in their Christian faith and to spread the Christian message in Ihe locality of North Nottingham by weekly public services ofworship and teaching. by various other clubs, groups, practical works, and outreach initiatives. It also actively supports and participates in Ihe work Of Christian organisalions involved in missionary and relief work within and outside the United Kingdom. The mission statementof the church is°Gratefully receiving the love of God and giving it away to others.. Public Benefit ststement The Trustees have referred to the guidance contained in the Charity Commission's Page 3 of 16 The Klng's Church Amold, Registered charity number 1199632
general guidance on public benefi't when reviewing their aims and objectives and in planning their future activities. In particular, the Trustees consider how planned activities will contribute to the aim and objectives they have set. The Trusl's activities and beneficiaries are descrtbed below. The Trustees confirm that they have complied wilh the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit,. Summary of the Main Achlevements During the Period Our Present and our Future "Gratefully receiving the love of God and giving it away to others" is a summary of our heart and vision. We love lo worship God., we delight in and seek to live in his grace., we seek lo love one anolher and to share this love with those who do not know Jesus Christ as Saviour. As a church we exist to.. Learn an(J Grow Love with open Hearts Live Vibrant Lives Share Jesus with others. Governance Changes 2023 saw Ihe work of the church pass from the King's Church Arnold Charitable Trust (charity number 106957) to a Charilable Incorporated Organisation (CIO) which is a more up to date charity structure, fit for all that the church wants to do now and in the future. The new charity "The King's Church Arnold" was registered by the Charity Commission on 12th July 2022, registarad charity number 1199632, it took ovar responsibility for the church on 1 st January 2023. The Charity Commission made an Order (Referen Number.. 180612223} on 141h December 2022 to authorise the transfer of assets and liabilities and the granting of an indemnity under section 105 of the Charities Act 2011 for the charities known as The Kings Church Arnold Charitable Trust (1069579) and The King's Church Arnold.. (11996321. Governance of KMAC The Charitable Trust continues to have oversight of the King's Money Advice Centre (KMAC), which is authorised and regulated by the Financial Conduct Authority (FCA), registration number FRN 618781, whilst we carry out a review of our service, in conjunction with Community Money Advice (charity number 1111436,. FRN 843835) who are working with the FCA to review structures for all affiliated debt advice centres. The Trustees ofthe Charitable Trust are the same as The King's Church Arnold CIO. The King's Church Arnold CIO operate KMAC on a day-to-day basis and have responsibility for the operation and management of the debt advice centre. Church Activities The Church is involved in many different activities and ministries that support the lo1 community and beyond, which are open and accessible to the public. Page 4 of 16 The King's Church Amold, Registered charity number 1199632
Compassionate Activities The church runs a debt advice centre (Kings Money Advice Centre) for the local community, helping people address issues of debt, work towards repaying or insolvency oplions and help with basic budgeting skills. All services are free and confidential. During 2023 KMAC provided debt support to 33 people, 22 of whom were new people, through a total of 88 {74 in 2022) face to face interviews, provided by 3 volunteer5 and one member of staff. We also work in partnership with other local churches to help provide volunteers and donations of goods for a local Foodbank and a local clothing bank. Through regular monthly donations we continued to support the work of Ground Level Ministries (Registered Charity No.1001599) who provide support and accountability for local churches, including our church. We have continued to support the work of Spark Ministries {Shkendije> in Albania (registered Albanian Charity) who seek to bring the love of God to the nation's children through regular monthly donations. They aim to become a positive part of the Albanian communities that they are reaching through bolh Spiritual and Practical work. Community Actlvilies Our toddler group, for new-born children and thos8 aged up to four and th@ir parents and carers, continues to meet On a week. Between 20 and 25 children attend the group each week, with 43 children at the Christmas party. This group enables children to have a great time and it also gives parents and carers a chance to relax and chat together. Many great friendships have been built up over the years. KFC (Kings Friday Clubl is a weekly youth group for anyone in school years 6 through 10 12 which is full of fun, food, friendship, and faith. On average 12 young people attend each week. Café+ is a weekly community café meetlng once a week to offer a place to find friendship, to connect and to have a chat over a cuppa. Sunday Services We continue to provide a regular Sunday morning church service at 10..30am we love to welcome new people to our services which include opportunilies to worship and pray. During the second half of the service the adults hear inspirational talks, and Ihe children have groups which provide age-appropriate teaching, we also have a crèche for the little ones. After the service we serve refreshments which provides an opportunityto build community, relationships are really important at King's, we believe that the "church" are the people not the building in which we meet! The Church has continued to use our YouTube Channel to broadcast the Sunday service for people to watch live at home or to calch up later. Page5 of 16 The King's Church Arnc)Id, Registered charlty number 1199632
During February we launched a new monthly evening meeting called "Encounle which provides a space to be in God's presence through worship. prayer, prophecy, and creativity. The start of 2023 saw a week ofprayer, this then continued throughoutthe yearthrough specific prayer meeting held through the week, together with Life Groups which are mid-week small groups which meet to help individuals grow in their faith and to build stronger church community. The church preaching team deliver inspirational talks during the Sunday morning meetings ofthe church. These work in conjunction with the weekly Life Groups which follow the subject being preached on a Sunday with an opportunity to gather with small group of people to discuss the content further, explore what it means to people as individuals and then apply it to their lives. During the first part of the year, we focussed on "The Cross., "The Resurrection" and the "The Ascension" this was followed by a series on "Pentecostal People. and in the last quarter of the year "Romans" Many members of the church joined with other churches in the Ground Level nefOrk to camp at the Lincolnshire Showground during the August Bank Holiday weekend gathering called °Awaken', a time to gather with several thousand other Christians with activities for all ages, the strapline of Faith, Family & Fun sums up the event. Administratlon and Resour¢ing The administration and resourcing area of the church provided centra5 Servi and infrastructure functions to enable the Charity to function effectively and to support the work of the other areas of the church. Ruth Humphreys stepped down as our Church Administrator atter overfourteen years of service to the ¢hurch. We reviewed this position, and it became a new 16 hours per week Church Operations Support role, with Wez Smith joining the team in April 2023. The Church also created a new part-time, 16 hour per week, paid role with Joy Taylor joining the team as our Children & Family Leader. In addition to Wez and Joy the church also employs Mark Hopkins {Team Leader, 33.75 hours per week) and John Coates (Centre Manager IKMAC), 24 hours per week). Wider Work The church continues to be a member of the national network the Evangelical Alliance (EA). We released our Team Leader, Mark Hopkins, to begin a new one day per week paid role with the EA as their Regional Unity Champion for the East Midlands, from the 1StJanuary 2023. We continue to play an active role in Ihework ofGround Level, releasing Mark Hopkins Iwo days a month to serve as a Director for that organisation. We have played an a1ve role in Arnold Churches Together and directly worked with otherchurches in Arnold. We have also played an active role in Notlingham City Prayer, a partnership of churches across the city. Page6 of16 The King's Church Amold, Registered charity number 1199632
The Trustees wish to exlend their thanks to our staff team, the teams of volunteers and everyone who attends the church for all that they do to make "church" happen. The bible tells us that Jesus said, in response to a question asking what the greatest commandment was, 'Love the Lord your God wilh all your heart and with all your soul and with all your mind., This is the first and greatest commandment. And the second is like it.. 'Love your neighbour as yourself., (Matt 22 v37-38) This sums up the heart and vision of King's Church, above all else we love our God, in all that we do, and we gratefully receive His love. We also love one another, and we delight in sharing God's love wilh those who do not know Jesus Christ as their Saviour. "Gratefully receiving the love of God, and giving it away to others.. Financial Review This Annual Report covers the period from the registration of the charFiy on 121h July 202210 3181 Dember 2023. The charlty recerved a donatlon of £103,233 from the King's Church Arnold Charitable Trust which previously held funds for Ihe church. These funds included a Marriage & Family Counselling restricted fund of £1,250. the donor of these funds agreed the transfer and the new charity agreed to continue with the restriction of these funds in line with the donors wishes. The charity's income to the end of 2023 was £207.207, with expenditure standing at £113,658, the surplus for the period was £93,549. The church funds reduced from £103,233 at the end of 2022 to £93,549 at the end of 2023, a reduction of £9,684 which was less than the budgeted deficit of £24,674. The deficit is in line with the strategy of the Trustees and Leadership Team to invest some of the surplus from previous years into the work of the church. Most of the income to the church comes from gifts made by members of the congregation, we also claim additional income from gift aid on many of these donations. Income from gifts and associated gift aid made up 940/0 of the church's income. The amount of giving increased from £74,589 in 2022 to £79,474 in 2023, rise of 6.5Q/o. The Trustees and Leadership Team would like to express their thanks to members of the congregation for their financial support of the church. The charity successfully applied for funding from the Department for Culture, Media, and Sport through their Community Organisations Cost of Living Fund. The church was granted a total of £12,932 to support the work of KMAC, more detail about this grant can be found in note 3 of the accounts on page 14. Expenditure during 2023 associated with this grant was £6,904 for the unrestricted part of the grant and £1,089 of the restricted part of the grant. The grant to cover the total expenditure of £7,993 is expected to be received in 2024. Page 7 of 16 The King's Church Arnold, Registered charity number 1199632
The church is grateful to Jigsaw Homes who provided a grant of £2,770 for the work of KMAC. The church invested £6,800 in new boilers as the old boilers were showing their age with associated breakdowns, the new boilers are also more energy efficient. We also invested £2,000 to have cavity wall insulation applied to the walls of the older large hall of The King's Centre to improve energy efficiency. The church has invested some of the funds it holds into a platform called "Flagstone" which allows us to invest funds simply and quickly in a variety of bank accounts. At the beginning of May we invested £70,000 into two accounts which generated a net income of £1,723, after the deduction of management fees. The total funds al the end of 2023 stood at £93,549, which includes £412 of funds hel(1 for Arnold Churches Together (see below), the church funds at the end of the year were £93,137. Arnold Churches Togother The charity holds funds on behalf of Arnold Churches Together (ACT) which is a network of churches in the Arnold area. The income to the charity ofACT funds was £835, expenditure during 2023 was £423, £412 offunds were carried fOard to 2024 (see note 6). The church's Team Leader represents the church on ACT, he provides the Trustees with a regular update regarding their work, and he authorises any expenditltre, which is then subject to the standard charity checks and controls. Risks The financial risks of the church include the following: The church is dependent on a few people to undertake key financial roles, we have invested time to develop written procedures and to ensure more than one person can carry out each of these ro18s. should Ihat be needed. In 2023 94% of the church's income came from donations made by individuals and the associated gift aid (900/0 in 2022), the church's activities are therefore dependent on individuals making donations. The church has a small staff team of four part-time members of staff. 2.2 full-time equivalenls; it is therefore dependent on teams of volunteers lo provide church activities. If Ihe number of volunleers decreased, either the church activities would need to reduce andlor more paid staff would need to be employed which would increase expenditure. The key external risk that the church faces is Compliance, this risk includes charity, Financial Conduct Authority (KMAC), Data Prolection, Heatth & Safety and Employment legislation. The church has a range of policies, procedures, processes, and systems to ensure Complian with all legislatNe requirements. These are Page8 of16 The King'8 Church Arnold, Registered charity number 1199632
regularly reviewed,. risk management is a standard agenda item at every Trustee meeting. The church has Insuran in place to mitigate some ofthe compliance fisk, it also has a¢$$ to advice. The charity's policy on reserves The Trustees have reviewed the Charily's need for reserves in line with the guidance issued by the Charity Commission. The Trustees have identified the need to hold unreslricted reserves of £40,000. The level of unrestricted funds at the end of 2023 was £90,752, the church therefore had over twice the level of unrestricted reserves identified in the reserve policy. The church holds £40,000 in a six-month notice bank account. The Trustees and Church Leadership Team continue to invest the unrestricted funds over the £40k reserve into activity lo further the aims of the charity- Signed on behalf of the charity's tru5tees-. Signed Dale.. 20th May 2024 Andrew Pickin, Trustee Page 9 of 16 Th8 King's Church Arnold. Registered charity number 1199632
The King's Church Arnold Independent examiner's report to the trustees of The King's Church Arnold for the Period Ended
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31 December 2023 I report to the trustees on my examination ofthe accounls of The King's Church Arnold (the charity) for the period ended 31st December 2023. Responsibilities and Basis of Report As the trustees of the charity, you are responsible for the preparation ofthe accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect ofmy examination ofthe charity's accounts carried out undersection 145 of the 2011 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 Examlner's Statement I have completed my examination. I confirm that no matters have Gome 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 charity as required by section 130 of the Act., or 2. the accounts do not accord with those records. 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. Signed John O'Brlen MSC, FCCA. FCIE Employee of Community Accountlng Plus Date 0710612024 Page 10 of 16 The King's Church Arnold, Registered charity number 1199632
The King's Church Arnold Receipts & Payments Account for the Period Ended 31" December 2023 2023 Unrestrlcted Restricted Notes Funds (note 71 Funds (note 71 Total Funds Recei King's Church Arnold Charitable Trust Awaken Inwme Bank Interest Café+ Toddler Group Donation5 and gifts received Gift Aid One-off donation KMAC Total Recei £ 101,983 1,250 252. £ 103,233 252 2,082 433 875 . £ 79,474 17,221 2,082 875 £ 79,474 , 17,221 32 32 £ 206 372 £ 202 068 Pa ments Charitable Trust Expenditure Offic6 Costs Professional fees Salary & ¢ontributions Cleaning Fixtures & Fittings utilities Health & Saf8ty Insurance Phone & Broadband Repair and mainlenan Awaken Expendilure Children & Youth Activities Leadershlp Costs Life Groups and Pastoral Preaching and teg¢hing Refreshments Worship & IT Mission Gifts IUKI Mission Gifts (Out$ide the UK) Pasloral Gifts KMAC Emergency Fund Training 956 956 4,988 £ 67,121 5.452 57 5,045 £ 6è.144 4,084 66 4,150 1,833 1,833 4,680 4,680 352 662 682 1,111 494 24 518 180 928 928 3,750 1,620 510 266 955 3,750 240 750 955 Evangellsm Toddler Grou Total Pa ments 94 94 184 £ 113 236 £ 111316 Net Recelptsiipaymentsl Cash fijnds at start of this Cash funds at end of thls £ 90,762 2,385 £ 93,137 eriod erlod £ 90752 2,386 Page11 of 16 The King's Church Amold, Registered charity number 1199632
The King's Church Arnold Statement of Assets & Liabilities at 31st December 2023 Cash Assets 2023 COO Current Account COO Debit Card Account COO Savin s Account Fla stone Hub Fla stone 2 month notice Fla stone 6 month notice Total all Bank Accounts Cash in Hand Less ACT Closing Balance TOTAL Current Assets 15,297 1,281 6,792 334 £ 29,845 £ 40,000 £ 93.549 (£ 412) £ 93,137 Note: Cash Assets are the amount of money held by the church in the church bank accounts detailed in this table. The church also holds funds for Arnold Churches Together (ACT) and so this has been subtracted from the total amount in all the bank accounts to show the total 'Current Assets. which are the church's cash funds. Assets Retained for the Charity's own use Details Fund to which A55et Belongs Purchase Cost Approximate Current Value Item Purchase Year 2001 2016 2018 2021 2020 2021 2022 2022 2023 Lifespan Building PA Speakers Stage Lights Church PA Video Equipment KMAC Laptop 1 KMAC Laptop 2 Admin Laptop C&F Laptop Unreslricted Unrestricted Unrestricted Unrestricted Unrestricted Unrestricted Unrestricted Vnrestricted, Unrestricted £ 180,000 £ 210,000 820 286 240 300 88 245 10 £ 2,000 600 1,500 350 490 350 300 225 Note: These'assets. are physical ilems such as computers and the building which the church uses. The TrLFStees have shown how much it cost lo purGhased the item and approximately how much it might be worth if we were to sell it. All of these items were being used by the church at the end of the year. Page 12 of 16 The King's Church Amold, Registered charty number 1199632
The King's Church Arnold Statement of Assets & Liabilities at 31st December 2023 (Continued) Other Monetary Assets Details Unrestricted funds 164 439 Restricted funds 2023 Interest Flagstone Account Gift Aid Claim December 2023 KMAC U) Cost of Living Fund KMAC Cost of Living Fund 6,028 Note: The other monetary assets are cash funds that were owed to the church at the end of the year. Some of these funds were unrestricted and some were restricted, note 7 explains what is meant by these terms. Liabilities Detalls Fund to which the liability relates KMAC (R) Cosl of Living Unrestrfcted Unrestricted Unrestricted Unrestricted Unrestricted Amount duo When due HMRC Salaries HMRC Salaries J Law (window cleaning) Indep8ndent Examinels fee Insurance Virgin Media {£ 891 (£ 566) {£ 15) (£. 996) (£ 938} (£ Jan-24 Jan-24 Jun-24 May-25 Note: This table shows the amount of money that we owed to olher organisations at the end ofthe year. These financial statements are accepted on behalf of the charity by.. Signed Andrew Pickin, Trustee Dated.. 20th May 2024 Page 13 of16 The King's Church Arnold, Registered charity number 1199632
The King's Church Arnold Notes to the Accounts for the Period ended 31° December 2023 1. Receipts & Payments Accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received, and cash spent will include transactions through bank accounts and cash in hand. 2. Total Receipts During 2023 the church received.. £103,233 from The King's Church Arnold Charitable Trust, the charlty that operated the church prior to 2023, £1,250 of which was designated as a Marriage & Family Counselling Fund., £252 was received from members of the church towards the purchase of tickets by the church for the Awaken Festival (previously The One Event) which is held annually by Ground Level., £2.082 of interest wa5 received from the bank accounts held by the church; £433 of donations were received from the people who attend the church's Café+ initiative., £875 of donations were received from the people who attend the church's Toddler Group; £79,474 of donalions were received from the people attendlng the church,. £17,221 of gift aid was claimed for eligible donations received by the church- £2,770 grant from Jigsaw Homes Group Lld. and £32 from an individual to support the work of the King's Money Advice Centre (KMAC). 3. KMAC Cost of Living Fund The church successfully applied for funds to support the work of KMAC from the Department for Culture. Media and Sport via the CommunÉty Organisations Cost of Living Fund. The grant is being donated to the church in two parts: KMAC (Ul Cost of Llving Fund is an unrestricted grant of £6,904 for the work of KMAC between 241h July 2023 and 5th December 2023. This income is expected to be reiVed during 2024. KMAC {R> Cost of Llvlng Fund is a restricted grant of £6,028 for the work of KMAC between 61h December 2023 and 31st March 2024. The church used £1,089 of the restricted fund on expenditure which occurred during 2023, the remaining £4,939 of restricted income will be used to cover the work of KMAC during the period 1 St January 2024 and 31 sl March 2024. The restricted income is expected lo be received during 2024. Page 14 of 16 The King's Church Arnold, Registered charity number 1199632
The King's Church Arnold Notes to the Accounts for the Period ended 31s1 December 2023 (Continued) 4. Prior Year Figures No prior year figures have been shown as this is the first accounting period for the charity. S. Analysis of Funds (red figures in brackets are negative amounts) Opening Receipts Payments balance Closing balance 986 Restricted Funds (note 7) Marriage & Family Coun5eS1ing Fund Awaken Tickets KMAC Jigsaw Fund . KMAC Running Costs KMAC (R) Cost of Living Fund (note 3) Total Restricted Funds 1,250 (£ 252 (£ 2,770 (£ 32 {£ 252) 282) £ . .2,488 32) 1,089) (£ 1,919) 4,304 (£ 2,385 Unrestricted Funds (note 7) General Fund8 KMAC (U) Cost of Living Fund (note 3) Total Unrestricted Funds £ 202,068 (£ 104,412) £ 97,656 (£ 6,904) (£ 6,904) £ 202,068 (£ 111,316) £ 90,752 Total Funds £ 206,372 (£ 113,235) £ 93,137 Marriage & Family Counselling is a specific gift that was given to the church to be used lo help any couples or families in need of counselling. grant from Jigsaw Homes Group Ltd to support the work of KMAC Jigsaw Fund - KMAC. KMAC Runnlng Costs- gift to support the work of KMAC. Awaken Tickets- contributions towards the cost of tickets for Awaken, a Ground Level Event. KMAC Cost of Living Fund- see note 3. Page 15of16 The King's Church Amold, Registered charity number 1199632
The King's Church Arnold Notes to the Accounts for the Period ended 31" December 2023 {Continued) 6. Arnold Churches Together Third Party Fund held by The King's Church Arnold Opening Balance Income Expenditure Closing Balance 835 423 412 Arnold Churches Together (ACT) is a network of churches across the Arnold area. As the financial activity of ACT is very limited the church have agreed to hold the funds on their behalf. The income into this fund tends to come from donations from each church In the network, as and when activity Is agreed, if the fund balance is insufflcient. The charitable objective ofthe network is the advancement ofthe Christian Religion. The network is an unregistered unincorporated charity. We distribute funds on behalfofACT, when instructed, provided there are sufficient funds available. As detailed on page 8 the church's Team Leader (Mark Hopkins) represents the church on ACT, he updates the trustees on any ACT activity and he authorises any ACT expenditure, which is then the subject of the usual church financial controls. ACT Iransferred £835 to the church, there has not been any income, after expenditure of £423, the ACT funds held by the church at the end of 2023 were £412. 7. Glossary of Terms Restricted funds are those funds that the trustees are obliged to spend only on particular purposes set out by the donor, or in an appeal document, and these particular purposes are narrDwerthan the charity's objects. Unrestrlcted funds are those funds that the trustees are able to spend for any of the charity's charitable purposes. KMAC: The King's Money Advice Centre which is a service provided by the church to support people who have debt. Gift Aid: Gift Aid is a scheme available to charities. It means we can claim extra money from the government. The charity can claim an extra 25p for every £1 donated, as long as the person making the donation has paid sufficient tax and makes the donation from their own funds. Page 16of16 The King's Church Arnold, Registered charity numb8r 1199632