TheKing'sChurch Arnold The King's Church Arnold A Charitable Incorporated Organisation Registered in England & Wales Registered Charity, Number 1199632 Financial Ststements for the Year Ended 31st December 2024 Page Contents 2-9 Trustees, Annual Report 10 Independent Examiner's Report Receipts & Payments Account 12-13 statement ofAssets & Liabilities 14-17 Notes to the Accounts Principal Office.. The King's Centre, Shirley Drive, Arnold, Nottingham. NG5 7JX
The King's Church Arnold Trustees, Annual Report for the Year Ended 31st December 2024 Full Name The King's Church Arnold Registered Charity Number 1199632 Principal Address The Kings Centre Shirley Drive Arnold, Nottingham NG5 7JX Trustees Andrew Pickin - Chair Michael Tinkler- Treasurer Robert Burwood Shelly Joddrell Members Andrea Smith - Leadership Member Andrew Pickin - Trustee Member & Chair Mark Hopkins- Leadership Member Michael Tinkler- Trustee Member & Treasurer Robert BuMood - Trustee Member & Leadership Member Sarah Hopkins- Leadership Member Shelly Joddrell - Trustee Member Employees Mark Hopkins- Team Leader John Coates- Centre Manager IKMAC} (to 31st March 2024) Joy Taylor- Children & Families Leader Wez Smith- Church Operations Support Independent Examiner John O'Brien, employee ofCommunityAccounting Plus, Units 1 &2 North West. 41 Talbot Street, Nottingham, NG15GL. Banking The Co-operative Bank, 2 Clumber Street, Nottingham, NG13GA. Page 2 of17 The King's chUh Arnold, Registered charity number 1199632
Governance and Management The charity is operated under the rules of its constitution dated 22nd July 2022. Members of the charity are the Trustees and members of the Church Leadership Team. current members are detailed above. The Trustees are appointed by the Members ofthe CIO, Trustees serve a three-yearterm ofoffice, there is no limitto the numberof temis an individual can undertake, provided the Leadership Team continue to accept a Trustee standing for another three-year term. One third of the Trustee Team come to the end of their three-year temi each year at the Annual General Meeting IAGM}, a new Trustee serves the remainder ofthe tem of office of the Trustee they repla. Any Trustee who ceases to remain in fellowship with The King's Church Arnold may be removed by The Members. A Trustee may resign by writing to The Trustee Team and The Leadership Team. Objectives and Activities The Objects of the charity are.. al To advance the Christian religion for the benefit of Ihe public eilher in the United Kin9dom or overseas in accordance wilh the Vision, Values and Ststemenl of Failh appearing in the schedule of the Conslitution. bl The advancement for the public benefit of religious or other education. ¢1 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 Public Benefit The Church's aim is to encourage the church community in their Christian faith and to spread the Christian message in the locality of North Nottingham by weekly public servi¢es of worship and teaching, by various other clubs, groups, practical works, and outreach initiatives. It also actively supports and participates in the work of Christian organisations involved in missionary and relief work within and outside the United Kingdom. The mission statement of the church is°Gratefully receiving the love of God and giving it away to others.. Public Benefit Statement The Trustees have referred to the guidance contained in the Charity Cornmission's general guidance on public benefit when reviewing their aims and objectives and in planning their future activities. In particular, the Trustees consider how planned activities Page3 of17 The King's Church Amold, Registered charity number 1199632
will contribute lo the aim and objectives they have set. The Trust's activities and beneficiaries are described below. The Trustees confirm that they have complied with 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 Achievements During the Year Our Present and our Future "Gratefully receiving ihe love of God and giving it away to others" is a summary of our heart and vision. We love to worship God., we delight in and seek to live in his grace,. we seek to love one another and to share this love with those who do not know Jesus Christ as Saviour. As a church we exist to.. O Learn and Grow rf Love with open Hearts Live Vibrant Lives O Share Jesus with others Closure of KMAC Due to a key staff member leaving the organisalion for a new job role, we regrettably had to close King's Money Advice Cenlre after 12+ years ofvital help and support to the local community. We are very grateful to John Coate5 the outgoing cenlre manager for all his hard work and commitment over the years in launching and establishing Ihis service. We are also very grateful to the Department for Culture, Media and Support who provided funding for this activity between January and March 2024 through a grant from the Community Organisations Cost of Living Fund. We ensured existing clients of KMAC were referred on to Trent Vineyard's Step Forward service (Registered Charity No. 1044369) to ensure they continued to be supported. The operation of the centre was formally de-registered with the Financial Conduct Authority and the supporting organisation Community Money Advice in April and September 2024 respectively. Church Activities The Church is involved in many different activities and ministries that support the local community and beyond, which are open and accessible to the public. Compassionate Actlvltles The church works in partnership with other local churches to help provide volunteers and donations of goods for Arnold Foodbank (Registered Charity No. 1170229) and a local clothing bank, Sharewear (Registered Charity No. 1170084). Page4 of17 The King's Church Arnold, Registered charily number 1199632
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 Ishkendije) in Albania (registefed 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 both Spiritua5 and Practical work. At the end of 2024 Mark Hopkinsjoined the Directors Board of Spark Ministries to further our sUPPOrt of this organisation The church members showed their support for a new charity, Baranku School Fundraising Charity (Registered Charity No. 1208833), through the raising of funds to install a new roof on the school building and through letting the charity use the church building to hold a fundraising Barn Dance which raised £799 to support the school. The church also made a £1,000 donation to the charity. Community Activltles Our toddler group. for new-bom children and those aged up to four and their parents and carers, continues to meet once a week. Beeen 30 and 45 children attend the group each week. 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 Club) is a weekly youth group for anyone in school years 6 through to 12 which is full of fun, food, friendship, and faith. On average 12 young people attend each week. Café+ is a weekly community café meeting once a week to offera 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 Servi at 10:30am. We love to welcome new people to our seNi¢es which include opportunities to worship and pray. During the second half of the setvice 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 see refreshments which provides an opportunity to build community, relationships are really important at King's, we believe that the "church are the people not the building in which we meeti The Church has continued to use our YouTube Channel to broadcast the Sunday service for people to watch live at home or to Catch up later. The start of 2024 saw a week of prayer, this then continued throughout the year through specific prayer meeting held through the week, together with Life Groups which are mid- Page 5of17 The King's Church Amold, Registered charity number 1199632
week small groups which meet to help individuals grow in their faith and to build a stronger church community. In the autumn of 2024, we held Alpha Courses, an opportunity for church members and guests to explore the truths of the Christian faith. The church preaching team deliver inspirational talks during the Sunday morning meetings of the church. These work in conjunclion wilh the weekly Life Groups which follow the subject being preached on a Sunday with an opportunity to gather with a 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 year, we focussed on ' Prayers found in the Psalms The Book of Revelations" and the "The Apostles, Creed" Administration and Resourcing The administration and resourcing area of the church provided central service and infrastructure functions to enable the charity to function effectively and to support the work of the other areas of the church. The current slaff team include Mark Hopkins (Team Leader, 4 /2 days a week), Joy Taylor (Children's and Family Leader, 16 hours per weekl and Wez Smith (Operations Support, 16 hours per weekl. The paid staff are supplemented by a team of volunteers. We are so grateful for their service and dedication to the smooth running and functioning ofthe church. The church leadership structures were also expanded in 2024. Alongside a Core Leadership team {who oversee the heallh and vision ofthe church) and the trustees (who oversee the governance and compliance of the church) we introduced a Leadership Forum, a team to work in support of the Core Leaders lo help build and strengthen the culture of the church. This new team saw an additional 10 people step in to leadership roles and it is hoped they will grow in their capacity and potential within the church. Wider Work The church continues to be a member of the national nelwork the Evangelical Alliance. Mark Hopkins continues to work a one day per week paid role with the EA as their Regional Unity Champion for the East Midlands. We continue to play an active role in the work of Ground Level, releasing Mark Hopkins o days a month to serve as a director for that organisation. We have played an active role in Arnold Churches Together and directly worked with other churches in Arnold. We have also played an active role in Nottingham City Prayer, partnership of churches across the city. The Trustees wish to extend their thanks to our staff team, the teams of volunteers and everyone who attends the church for all that they do lo make "church" happen. Serlous Incident Report In line with Charity Commission guidance, the trustees made a serious incident report to them concerning a fraudulent transaction of £26 debited by a company. This was also Page6 of17 The King's Church Amold. Registered charty number 1199632
reported to Action Fraud. The charity's bank agreed that this was a clear case of fraud by misrepresentation and they immediately blocked the company so that they could nottske any further funds and refunded the £26. The response by the Charity Commission concluded that "the trustees have dealt with the matter appropriately and responsibly" Financial Review This Annual Report covers the period from the 1. January 2024 to 31st December 2024. The charity's income to the end of 2024 was £124,675, expenditure was £100,823, the surplus for the year was £23,852. The church funds increased from £93,137 at the end of 2023 to £116,989 at the end of 2024, this rise was primarily due to the closure of the KMAC debt advice service atthe end of March. The Leadership Team is considering how to invesl the retained funds of the church to reduce the cash assets to £40k in line with the reserve policy. The charity uses the Flagstone financial platform which allows the church to place funds in a variety of accounts quickly and simply without the need to open accounts with each individual financial institution. We invest our £40k resetve fund in 6-month fixed term accounts with Sainsburys Bank which yielded £2k of interest. We invested £30k beeen January and September, increasing to £40k beeen September and December 2024 in GB Bank, Investec and UBL 3 month fixed-term accounts, which yielded £1.1 k of interest. The majority of the income comes from gifts made by members of the congregation, we also claim additional income from gift aid on many of these donations. In 2024 income from gifts and associated gift aid was £103,218 which accounted for 83 % of the church's income. The amount of general unrestricted giving increased from £96,695 in 2023 to £98,918 in 2024, a rise of 20/0. The Trustees and Leadership Team would like to express their thanks to members ofthe congregation for their financial support of the church. In addition to the general gifts members of the congregation also donated £3,925 to pay for a replacement roof for the Baranku School in The Gambia, via the Baranku School Fundraising Charity (Registered Charity No. 1208833). The church also supported the school through hosting a fundraising barn dance which raised £799. The church also made a £1,000 donation to the charity for the school. During 2023 we successfully secured funding from Ihe Department for Culture, Media. and Sport through their Community Organisations Cost of Living Fund for KMAC. During 2024 the church used the remaining £4,939 of funds to support the work of KMAC, more details about this grant can be found in note 3 of the accounts on page 14. During 2023 the church received a grant of £2,770 from Jigsaw Homes for the work of KMAC, £2,488 of this grant was carried forward to 2024 as a restricted fund (see note 4 on page 15}. As this service was closed at the end of March. we agreed with Jigsaw Homes that £1,000 would be transferred to Trent Vineyard's Step Forward setvice Page7 of17 The King's Church Amold, Registered charity number 1199632
(Registered Charity No. 1044369) as they had picked up the debt support for clients of KMAC after it closed. The remainder of the grant was used to support our work with children and young people. The church received a grant of £2,500 from Nottinghamshire County Council to assisl wilh the increases of energy costs, £942 of which will be Carried foward to 2025 as restricted fund. We are grateful to Councillor David Brocklebank of Gedling BoroLtgh Council who made a grant of£50 towards new toys for our Toddler group. The Trustees and Leaders of the church would like to thank the Department for Culture, Media, and Sport. Jigsaw Homes, Nottinghamshire County Council and Gedling Borough Council for their support. The total funds in the church bank accounts at the end of 2024 stood at £117.072, which includes £83 of funds held for Arnold Churches Together (see note 5 on page 161, these funds also include restricted funds of £986 for Marriage & Family Counselling, £10 for the Baranku School Roof and £943 for Energy Costs, as well as £115,051 of unrestricted funds (see note 4 on page 15). Arnold Churches Together The charity holds funds on behalf ofArnold Churches Together {ACTI which is a netsvork of churches in the Arnold area. Donations of £75 were made during 2024, there was expenditure of £404 leaving £83 to be carried forward lo 2025 (see nole 5 on page 16). 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 expenditure, which is then subject to the stsndard charity checks and controls. Risks The financial risks of the church are reviewed by the trustees at each of their quarterly meeting, the following are some of the key risks. 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 roles, should that be needed. In 2024 83 % of the church's general income came from donations made by individuals and the associated gift aid (94 % in 2023). the church's activilies are therefore dependent on individuals making donations. The decrease in the proportion of income reduced due to some one-off grants detailed above and the fundraising for the Baranku School roof. The church has a small team of staff, it is therefore dependent on teams ofvolunteers to provide church activities. If the number of volunteers decreased, either the church activities would need to reduce andlor more paid staff would need to be employed which Page8 of17 The King's Church Arnold, Registered Charty number 119%32
would increase expenditure. The key external risk that the church faces is Compliance. During the year Ihis risk reduced due to the closure of the King's Money Advice Centre which was regulated by the Financial Conduct Authority. Allhough this risk has reduced, compliance remains a significant risk for the church, there is a need to comply with legislation such as Data Protection, Health & Safety and Employment. The church has a range of policies, procedures, processes, and systems to ensure compliance with all legislative requirements. These are regularly reviewed., risk management is a standard agenda item at every Trustee meeting. The church has insurance in place to mitigate some of the Complian risk, it also has access to advice. The charity's policy on reserves The Trustees have reviewed the Charity's need for reseNes in line with the guidan issued by the Charity Commission. The Trustees have identified the need to hold unrestricted reserves of £40,000. The level of unrestricted funds atthe end of2024 was £115,051, the church therefore has nearly three times the level of unrestricted resetves identified in the resetve policy. The church holds £40,000 in a six-month notice bank account. The Church Leadership Team continue to identify ways in which the unrestricted funds, over the £40k reserve, could be used to further the aims of the charity. Signed on behalf ofthe charity's trustees: Signed Date: 9 June 2025 Andrew Pickin, Trustee Pageg of17 The King's Ghurch Amold, Registered Charty number 1199632
The King's Church Arnold Independent examiner's report to the trustees of The King's Church Arnold for the Year Ended st 31 December 2024 I report to the trustees on my examination of the accounts of The King's Church Arnold (the charity) for the year ended 31, December 2024. Responsibilities and Basis of Report As Ihe trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounls carried oul under section 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 Examiner's Statement I have completed my examination. I confirm that no matters have come 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 Date John O'Brien Msc, FCIE Employee of Cornmunty Accounting Plus Page 10 of 17 The King's Church Amold. Reglstered charty nurnber 1199632
The King's Church Arnold Receipts & Payments Account (see note 1) for the Year Ended 31st December 2024 Unrestrictéd Funds Inote 61 Restricted Funds {note 61 2024 Total Funds t¢al Fwnds :-Rec•ipts'" £ 103,233 King's Church Arnold Charitable Trust 252 Awakenlncorn8 100 2,082 Bank Interest 3,869 £ 433 191 875 473 £ 79,474 81,213 £ £ 17,221 17,705 2,770 £7,cN £ 32 Notes 3)5• 305 3,869 191 473 &1,823 18,395 15,582 Toddler Group CkJnaUons aThJ 96ft8 1ved £ Grft Aid 3,6101111 £ 690 8,5781111 £ KMAC Photctopyng ChapJe Use ol Building as Polling Station Refijnds £ 2Q6,372 -Total Recei Payments Charitable Trust Expen(tilure Offte CA)sts £IM 511 £ 111185lll £ Professional fees 3,590 £ Salary & contributions £ 57,358 £ 5,471111 £ Cleaning 6,039 £ Fiylures&Fthros t 435 £ Health&Saf8ty IIIIIII.. 11111 £1111 765 £ 1,000 36 £ 111,592 £ 13,083 1,000 124,675 956 2,475 5,045 £ 68,144 5,452 7,123 4,150 611 1,833 719 4,680 352 662 1,111 518 3,599 62,827 6,039 540 2,202 765 1,928 631 1,841 574 1,568 £ 111474 156 512 875 286 4,450 8,050 1,165 319 1,767 Insuran 1,571 Pho & Bro¥Jband £1111 631 Repair and maintenance 1,841 Awaken ExpèThdilure £ 111 369 £ 51111 £ Children & Youth Activities 1,568 Leajership Costs £1111 474 £ Life Groups and Pastoral 156 £ PreachiThJ and leaching £1• $12 £ Refreshments 875 Worship & IT Mission Gifts IUKI 3,450 £ Mission Gffts Ioutsik the UK) IIIIUIWI £11114,135 £ Pastoral Grfts 1,165 KMAC Emergency Fund £ Training Calè+ Evangelism Toddler Group Refunds Bank cha £ 113 235 Total Pa ments £ 93.137 Net Recei sl ments Cash funds al start DI this Transleis between Funds Cash funds at end of year 357 928 372 3,750 1,620 750 438 955 133 1,000 3.915111 £ 3191111 £ 140 1111 £ 1111140 488 572 36 111 £ •11 19) 100,823 23.852 93,137 488 £111 &85 £ 36 £ 190 £ 87,368 £ 13,455 24,224 372 90.752 2,385 75 -£ 75 115,051 1.938 187 ear 116,989 Page11 of17 The King's Church Amold, Registered charty numb•r 1199632
The King's Church Arnold Statement of Assets & Liabilities on 31Ot December 2024 Cash Assets COO Current Account COO Debit Card Account COO Savin s Account Fla stone Platform Accounts Total all Bank Accounts,. Cash in Hand Less ACT Closing Balance TDTAL CurTrnt.A8sèt*..,; Note: Cash Assets are the amount of money held by the church in the church bank accounts detailed in this table. The ¢hur¢h also holds funds for Arnold Churches Together (ACT) and so this has been subtracted from the tolal amount in all the bank accounts to show the total "Current Assets" which are the church's cash funds. Note 10,448 624 26,000 80,000 £ 117,072 83) £ 1,116.989 Fixed Assets Retained for the Charity's own use Details Purchase Year Lifespan Fund to which Asset Belongs Purchase Cost Approximate Current Value Building PA Speakers Rear Projector Reconditioned Church PA Admin Laptop C&F Laptop 2001 2016 Unrestricted Unrestricted £ 180,000 £ 4,100 £ 210,000 410 2024 Unrestricted 120 80 2021 2022 2023 Unrestricted Unrestricted Unrestricled 600 350 300 TOTAL | £ 185,470 | These "assets" are physical items such as computers and the building which the church uses. The Trustees have shown how much it cost to purchased 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 ofthe year. 120 88 150 £ 210,348 The Trustees wrote off the two KMAC computers which were donated, after the data was deleted, to Trent Vineyard when they took over the KMAC clients after this service was closed. The stage lights and video equipment were written off as they have come to the end of their estimated life span, although they Gontinue to be used. nf 17
The King's Church Arnold Statement of Assets & Liabilities st on 31 December 2024 (Continued) Other Monetary Assets Restricted funds Detatls Unrestricted funds 75 679 2024 Interest Flagstone Account Gift Aid Claim December 2024 Note: The above table shows the monetsry assets which were owed to the church at the end of the year. Liabilities Details Fund to whiGh the liability relates Unrestricted Unrestricted Unrestri¢ted Amount due When due HMRC Salaries Octopus Energy (see note 71 Independent Examiner's fee (£ 531) (-£ 1,6631 (£ 1,0801 Jan-25 Jan-25 May-25 Note: This table shows the amount of money that we owed to other organisations at the end of the year. These financial statements are accepted on behalf of the charity by: Signed Andrew Pickin, Trustee Dated.. 9th June 2025 Page 13 of17 The King's Church Amold, Registered charity number 1199632
The King's Church Arnold Notes to the Accounts for the Year ended 31" December 2024 1. Receipts & Payments Accounts Receipts and payments accounts contain a summary ofmoney received and money spent dufing the year and a list of assets and liabilities at the end of the year. Usually, cash reived, and cash spent will include transactions through bank accounts and cash in hand. 2. Total Receipts During 2024 the church received.. £305 from members of the church towards the purchase of tickets by the church for the Awaken Festival which is held annually by Ground Level.. £3,869 of interest from the bank accounls held by the church., £191 of donations from the people who attend the church's Café4 initiative. £473 of donations from the people who attend the church's Toddler Group- £84,823 of donations from the people attending Ihe church- £18,395 of gift aid which was claimed for eligible donations received by the church; a £12,932 grant from the Department for Culture. Media and Sport for KMAC a £50 grant from Gedling Borough Council a £2,500 grant from Nottinghamshire County Council towards energy costs a donation of £44 from Riverside Church, Southwell and a donation of £56 from Hope Church, Sheffield towards the costs of Alpha 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 Community Organisations Costof Living Fund. The grant was donated to the church in two parts.. KMAC {U) Cost of Living Fund is an unrestricted grant of £6,904 for the work of KMAC beeen 24 July 2023 and 5 December 2023. This income was received in February 2024. KMAC (Rl Cost of Living Fund is a restricted grant of £6,028 for the work of KMAC beeen 61h December 2023 and 31SI March 2024. The church used £1,089 of the restricted fund on expenditure which occurred during 2023, the remaining £4,939 of restricted income was used to cover the work of KMAC during the period 1, January 2024 and 31, March 2024. This income was reiVed in February 2024. Page 14 of 17 The King's Church Amold. Registered charty number 1199632
The King's Church Arnold Notes to the Accounts for the Year ended 31st December 2024 (Continued) 4. Analysis of Funds (figures in brackets are negative amounts) Restricted Funds (note 6) Qpening balance Receipts Payments Transfers Closing Balance Marriage & Family Counselling Fund Awaken Tickets 205 £ KMAC Jigsaw Fund £ 2,488 2,488 £ KMAC{R)CostofLivingFund(note3) {-£ 1,089) £ 6,028 £ 4,939 £ Baranku School Roof £ 3,925 £ 3,915 £ Energy Costs Grant £ 2.500 £ 1,558 £ KMAC Emergency Fund 375 300 (-£ 75) Toddler Group Grant 50 £ 50 £ Total Restrlcted Funds 986 £ 986 205 10 Unrestricted Funds (note 61 General Funds £ 97,656 £ 104,688 £ 87,368 £ KMAC (U) Cost of Living Fund (note 3) {-£ 6,904) £ 6,904 £ Total Unrestrlcted Funds l £ 90,7521 £ 111,592 | £ 87,368 | £ 75 | £ 115.051 Total Funds | £ 93,1371 £ 124,675 | £ 100,823 | £ | £ 116,989 Marriage & Family Counselllng is a specific gift that was given to the church to be used to help any couples or families in need of counselling. Awaken Tickets - contributions towards the cost of tickets for Awaken, a Ground Level Event. 75 £ 115,051 KMAC Jigsaw Fund- a grant from Jigsaw Homes for the worf( of KMAC, as this service was closed at the end of March, it was agreed with Jigsaw Homes that £1,000 would be transferred to Trent Vineyard's Step Forward seNice (Registered Charity No. 1044369) as they provided debt support for clients of KMAC after it closed. Jigsaw Homes agreed that the remainder of the grant could be used to support the church's work with children and young people. KMAC Cost of Living Fund- see note 3. Baranku School Roof - donations from the church to replace the roof of the Baranku School in the Gambia through the Baranku School Fundraising Charity (Registered Charity Number 1208833). The balance of £10. which came from a back-dated gift aid claim, will be paid to the charity in 2025. Energy Costs Grant - grant from Nottinghamshire County Council to assist with expenditure on energy. Page 15of17 The King's Church Amold, Registered charity number 1199632
The King's Church Arnold Notes to the Accounts for the Year ended 31st December 2024 (Continued) KMAC Emergency Fund- funding given specificallyto assist clients ofthe King's Money Advice Centre. This service closed during 2024,. a donor of this funding has given their permission to transfer Ihe £75 left in this restricted fund to the charity's unreslricted funds. Toddler Group Grant - a donation from Gedling Borough Council Councillor David Brocklebank for the Toddler group. 5. Arnold Churches Together Third-Party Fund held by The King's Church Arnold Opening Balance l £ Income Expenditure Closing Balance 412 75 404 Arnold Churches Together (ACT) is a nemork ofchurches across the Arnold area. As the financial activity of ACT is very limited the church have agreed lo hold the funds on their behalf. The income into this fund tend5 to come from donations from each church in the neork, as and when a1Vity is agreed, if the fund balance is insufficient. The charitable objective of the network is the advancement of the Christian Religion. The neOrk is an unregistered unincorporated charity. We distribute funds on behalfofACT, when instrucled, provided there are sufficientfunds 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 expendilure, which is then the subject of the usual church financial controls. The ACT funds at the end of 2023 were £412, we reiVed £75 of donations at an ACT event, after expenditure of £404, the ACT funds held by the church at the end of 2024 were £83 which will be carried fOard to 2025. 6. Glossary of Terms Restricted funds are those funds thatthe trustees are obliged to spend only on particular purposes set out by the donor, or in an appeal document, and these particular purposes are narrower Ihan the charity's objects. Unrestricted 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 was a servi, provided by the church to support people who have debt. Page 16of 17 The King's Church Amold, Registered charty number 1199632
The King's Church Arnold Notes to the Accounts for the Year ended 31st December 2024 (Continued) 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. ACT: Arnold Churches Together, a network of churches across the Arnold area. 7. Gas & Electricity The cost of utilities in 2023 was £4,150, it was £2,202 in 2024, this reduction was due to the supplier of Gas & Electricity failing to take direct debit payments from June 2024 to the end of December. The amount owing lo the supplier for gas and electricity consumption during this period was £1.663 which will be paid during 2025. Page 17of17 The King's Church Arnold, Registered charity t)umber 1199632