## Kings Church Coventry CIO Trustee Annual Report
For the Year Ending 31 March 2024 Registered Charity Number: 1199921
## 1. Reference and Administrative Information
**Name of Charity** : Kings Church Coventry CIO **Charity Registration Number** : 1199921 **Charity’s Principle Address** : Cheylesmore Community Centre, Poitiers Road, Coventry CV3 5JX **Website** : kingschurchcoventry.org **Trustees at the time of report** : Douglas Whiffen (Chair) Joseph Jamieson Brian Naweji **Bankers** : Co-operative Bank, Business Customer Services, PO Box 250, Skelmersdale WN8 6WT **Independent Examiner** : Rebecca Eccleston, Beccles Business Consulting Ltd, 3 School Lane, Swavesey, Cambridge, CB24 4RL
Kings Church Coventry CIO is a Registered Charity Number 119921, registered on 01 August 2022 as a Charitable Incorporated Organisation. The charity is governed by its Trustees in accordance with its governing document, _Kings Church Coventry, Constitution of a Charitable Incorporated Organisation whose only voting members are its Charity Trustees_ , dated 08 May 2022. Previously the activities of the charity were undertaken by the charity Kings Church Coventry Trust, registered Number 1057500 prior to incorporation.
The Trustees are pleased to present this report and annual accounts for the reporting period of the Charity from 1 April 2023 to 31 March 2024. The report includes the information required by the Charity SORP FRS102 as a Charity registered in England and Wales.
## 2. Structure, Governance, and Management
The Trustees are responsible for the overall strategic direction, oversight, and management of the charity. The Trustees meet regularly to review the activities of the charity, ensure legal compliance, and ensure that the church’s resources are used effectively and efficiently.
During the reporting year, the charity has operated under the guidance of the following Trustees:
- Douglas Whiffen, Chair
- Joseph Jamieson (also a core leader)
- Brian Naweji
Day to day management of the charity is assigned to the core leadership of the church. Following an extensive review by the trustees, a new leadership team structure was introduced. This consisted of 6 people (3 couples) allowing diverse life experiences to be brought to the running of the church. All the core leaders serve the charity in a voluntary capacity. Through the year this has enabled the church to expand and establish new activities that were not within the capacity of the previous structure. The core leadership team all have specific key areas of responsibility and lead further planning groups on areas such as teaching, pastoral care, worship leading, community outreach, global impact.
The Trustee board also meets regularly to review governance, financial status, and the strategic direction of the charity. Key decisions, including approving budgets and setting major objectives, are discussed and agreed at these meetings.
During the year in question we completed the process of transition from the old unincorporated trust to the new CIO.
New trustees are generally recruited from those known to the existing trustees. In recruiting trustees, regard is given to skills requirements highlighted by the trustee skills audit. Potential recruits are pointed to the Charity Commission guidance, particularly around the subject of “he essential trustee and the public benefit requirement. Potential trustees are given the opportunity to attend a trustee meeting and given the opportunity to ask questions about the role and what is expected of them.
## 3. Objectives and Activities
The Objects of Kings Church Coventry CIO are, for the public benefit: the advancement of the Christian faith; the advancement of education in accordance with Christian principles; and the relief of persons who are in need by reason of their age, disability, ill-health, unemployment, financial hardship and such other economic or social disadvantage.
During the reporting year we have continued to meet these objectives with the following key activities:
1. Weekly Sunday morning worship service. This is a service open to all who wish to attend, free of charge where congregants are facilitated to worship God together and we have run teaching series on the key tenants of the Christian faith. Activities are also run for both children and youth, teaching and encouraging them in their faith. We
2. Mid-week groups. During year we continued to meet in smaller groups to facilitate teaching, and growth in the faith of those attending, as well as building a community spirit.
3. We continued our financial support of the Global Care Zambia project, working with Global Care, and their partners on the ground to help with the continued construction of education facilities at the school, as well as the ability to provide some acute relief supplies during times of local hardship in the region.
4. We also carried out several activities to support the local community as detailed below.
The trustees confirm that they have had regard to the Charity Commission guidance on public benefit.
## 4. Achievements and Performance
Many of our aims this year have been achieved through our regular Sunday and Mid-week groups, as well as the following key milestones:
- We continued to meet regularly through the year, with a consistent attendance to our Sunday morning gatherings.
- We reviewed our online meeting options during the year with a view to making them easier to operate, and require less volunteer time to run as the numbers accessing them were low. We have opted to continue to operate this as we have some church members who cannot easily attend meetings in person due to health needs, but really value the ability to connect online when housebound. This has been largely a success, but further review and update is planned to further improve the reliability of this service.
- We looked during the year to strengthen our benefit to the wider public in the local area. In partnership with other local churches we undertook a garden spruce up work in the Autumn where volunteers worked for free to tidy the gardens of members of our local community who are not able to do the work themselves. This provided a way to build community in our local area, beyond those who normally attend our services. We received many notes of thanks from those helped including:
- We launched our first family funday, as we were unable to run a church weekend away, we ran a funday, involving times of worship, fellowship and activities at a nearby village hall. This was a success and the local location enabled a greater proportion of people to attend, as well as some guests from the local area who do not normally connect with church.
- Our partnership with Global Care funded the supply of sports and academic resources to M8 school in Zambia. These were transported out there during a visit by Global Care’s CEO who reported back “ _Massive thanks to Kings Church Coventry who donated sports and learning materials to M8 School in Zambia. They were delivered yesterday and the children had a blast learning to play volleyball, as well as new balls for football and netball. Learning materials also included 72 maths sets given to P7 pupils who will be moving on to secondary school. Our team report lots of excitement as pupils learned how to use a compass and protractor_ !”
## 5. Financial Review
The financial performance for the year has been positive, with a continued steady income through several structural changes, and expenditure managed within budget. We are pleased to report that we have been able to increase our cash reserves following restructuring costs, ensuring that the charity is well-placed to meet its future financial commitments.
- **Total Income** : £27,344
- **Total Expenditure** : £15,769
- **Surplus/Deficit for the Year** : £11,575
- **Reserves** : £12,417
The trustees have a regularly reviewed reserves policy, where we seek to hold sufficient funds to enable the charity to meet its financial obligations in a winding up scenario, along with a contingency that gives us operating space should an unexpected expense arise or income significantly reduce. At the time of reporting this was calculated to be £7610.
All funds held by the Charity at the time of reporting are unrestricted.
At the time of reporting, the trustees have no concerns on the Charity’s ability to remain a going concern.
## 6. Plans for the Future
Looking forward, Kings Church Coventry CIO is excited about the future and the opportunities for growth and expansion. Key areas of focus for the upcoming year include:
- **Expansion of Online Presence** : We plan to continue to develop our online services, making our ministry more accessible to people who are unable to attend in person.
- **Strengthening Mission Partnerships** : Focusing on furthering our mission partnerships both locally and globally, particularly in supporting under-resourced communities.
- **Increasing Community Outreach** : Continuing to grow our outreach programs, including social justice initiatives, homelessness support, and mental health services.
## 7. Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**Approved by the general meeting of the trustees on 15[th] January 2025.**
**Signed on behalf of the Trustees,**
Douglas Whiffen
Chair, Kings Church Coventry CIO 15/01/2025
|Charity Name
**Kings Church Coventry**|Charity Name
**Kings Church Coventry**|Charity Name
**Kings Church Coventry**|Charity No
(if any)|**1199921**|**CC17a**|
|---|---|---|---|---|---|
|Annualaccountsforthe period||||||
|Period start date|**01/04/2023**|**To**|Period end
date|**31/03/2024**||
## **Section A Statement of financial activities**
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
|---|---|---|---|---|---|
||16,777|-|-|16,777|-|
||58|-|-|58|-|
||-|-|-|-|-|
||-|-||-|-|
||10,509|-|-|10,509|-|
||-|-|-|-|-|
||27,344|-|-|27,344|-|
|||||||
||-|-|-|-|-|
||15,769|-|-|15,769|-|
||-|-|-|-|-|
||-|-|-|-|-|
||15,769|-|-|15,769|-|
|||||||
||11,575|-|-|11,575|-|
||-|-|-|-|-|
||11,575|-|-|11,575|-|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
|||-|-|-|-|
||842|-|-|842|-|
||12,417|-|-|12,417|-|
|||||||
||-|-|-|-|-|
||12,417|-|-|12,417|-|
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|---|
|||-|-|-|-|-|
|||842|-|-|842|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||842|-|-|842|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||11,956|-|-|11,956|-|
|||11,956|-|-|11,956|-|
||||||||
|||381|-|-|381|-|
||||||||
|||11,575|-|-|11,575|-|
||||||||
|||12,417|-|**-**|12,417|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||12,417|-|-|12,417|-|
||||||||
|||-|||-|-|
||||-||-|-|
|||12,417||-|12,417|-|
||||||-||
|||12,417|-|-|12,417|-|
||||||||
|||Signature||Print Name||Date of
approval
dd/mm/yyyy|
|||||D Whiffen||15/01/2024|
||Joseph Jamieson|(Jan 19, 2025 21:44 GMT)||J Jamieson||Jan 19, 2025|
||||||||
CC17a (Excel)
1
**Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* ✓ Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
✓
- -Tick as appropriate
## **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
_**Not applicable Not applicable Not applicable**_
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* ✓ * -Tick as appropriate No* ✓
## _**Please disclose:**_
CC17a (Excel)
1
_**(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
|Yes*
No*|✓|* -Tick as appropriate|
|---|---|---|
||✓||
## _**Please disclose:**_
_**(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.**_
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
**----- Start of picture text -----**
Yes* ✓
* -Tick as appropriate
No* ✓
Please disclose:
(i) the nature of the prior period error;
**----- End of picture text -----**
CC17a (Excel)
2
_**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_
CC17a (Excel)
3
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
No
N/a|||
||✓|✓|✓|
||Yes
✓|No
✓|N/a
✓|
|---|---|---|---|
||Yes
✓|No
✓|N/a
✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes
✓|No
✓|N/a
✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes
✓|No
✓|N/a
✓|
||Yes
✓|No
✓|N/a
✓|
||Yes
✓|No
✓|N/a
✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes
✓|No
✓|N/a
✓|
||Yes
✓|No
✓|N/a
✓|
||Yes
✓|No
✓|N/a
✓|
|||||
||Yes
✓|No
✓|N/a
✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
||Yes|No|N/a|
||✓|✓|✓|
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.||Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|---|
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
||||||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
|**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Current asset investments**|The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|Yes
No
N/a
|Yes
No
N/a
|Yes
No
N/a
|
|---|---|---|---|---|
|||✓|✓|✓|
|||Yes
No
N/a|||
|||✓|✓|✓|
||||||
||||||
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Note 3 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|
|---|---|---|---|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
13,636- -13,636-
Gift Aid
3,141- -3,141-
Legacies
- - - - -
General grants provided by government/other
charities
- - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donatedgoods,facilities and services
- - - - -
Other
- - - -
**Total** 16,777 - - 16,777 -
58- -58-
- - - - -
- - - - -
Other
- - - - -
**Total** 58 - -58-
- - - - -
- - - - -
- - - - -
Other
- - - - -
**Total**
- - - - -
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasing income
- - - - -
Other
- - - - -
**Total**
- - - - -
Transfer of funds from non-CIO Kings Church
organisation
10,509- -10,509
- - - - -
- - - - -
**Total** 10,509 - -10,509-
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
forcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
**Total**
- - - - -
27,344- -27,344-
**Other information:**
**Analysis**
**Donations**
**and legacies:**
**Charitable**
**activities:**
**TOTAL INCOME**
**Other:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**||||||
||Donations and gifts|13,636|-|-|13,636|-|
||Gift Aid|3,141|-|-|3,141|-|
||Legacies|-|-|-|-|-|
||General grants provided by government/other
charities|-|-|-|-|-|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-||
||Donatedgoods,facilities and services|-|-|-|-|-|
||Other|-|-|-|-||
||**Total**|16,777|-|-|16,777|-|
||||||||
|||58|-|-|58|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|58|-|-|58|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Interest income|-|-|-|-|-|
||Dividend income|-|-|-|-|-|
||Rental and leasing income|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Transfer of funds from non-CIO Kings Church
organisation|
10,509|-|-|10,509||
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|10,509|-|-|10,509|-|
||||||||
||Conversion of endowment funds into income|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset held
forcharity's ownuse|
-|-|-|-|-|
||Gain on disposal of a programme related
investment|-|-|-|-|-|
||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
|||27,344|-|-|27,344|-|
||||||||
|**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**|||||||
|**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**
**Where any endowment fund is converted into income in the**
**prior period, please give the reason for the conversion.**|||||||
||||||||
||||||||
||||||||
||||||||
|**Within the income items above the following items are**
**material: (please disclose the nature, amount and any prior**
**year amounts)**|||||||
CC17a (Excel)
1
**Section C Notes to the accounts (cont)**
## **Note 11 Paid employees**
_**Please complete this note if the charity has any employees.**_
## **11.1 Staff Costs**
**Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits This year:**
|**Total staff costs**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||4,195|-|
||-|-|
||-|-|
||-|-|
||4,195|-|
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:**
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
|**Band**|**Number of employees**|**Number of employees**|
|---|---|---|
||**Thisyear**|**Lastyear**|
|**£60,000 to £69,999**|-|-|
|**£70,000 to £79,999**|-|-|
|**£80,000 to £89,999**|-|-|
|**£90,000 to £99,999**|-|-|
|**£100,000 to £109,999**|-|-|
||||
|**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees,**
**see Note 28.**|**Thisyear**|**Lastyear**|
|---|---|---|
||**£**|**£**|
||-|-|
CC17a (Excel)
1
|**11.2 Average head count in the year**
**The parts of the charity in which the**
**employees work**||**This year**
**Number**|**Last year**
**Number**|
|---|---|---|---|
||**Fundraising**|-|-|
||**Charitable Activities**|2|-|
||**Governance**|-|-|
||**Other**|-|-|
||**Total**|2|-|
## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_
|**Please explain the nature of the**
**payment**
**Please state the legal authority or**
**reason for making the payment**|**This year**||
|---|---|---|
||**Last year**||
||||
||**This year**||
||**Last year**||
|**Please state the amount of the payment (or value of any waiver of**
**a right to an asset)**|**Thisyear**|**Lastyear**|
|---|---|---|
||**£**
-|**£**
-|
CC17a (Excel)
2
## **Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
|**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|
|---|---|---|---|---|---|---|---|---|
|Incurred seeking donations|-|-|-|-|-|-|-|-|
|Incurred seeking legacies|-|-|-|-|-|-|-|-|
|Incurred seeking grants|-|-|-|-||||-|
|Operating membership schemes and
social lotteries|-|-|-|-||||-|
|Staging fundraising events|-|-|-|-||||-|
|Fudraising agents|-|-|-|-||||-|
|Operating charity shops|-|-|-|-||||-|
|Operating a trading company
undertaking non-charitable trading
activity|-|-|-|-||||-|
|Advertising, marketing, direct mail and
publicity|-|-|-|-|-|-|-|-|
|Start up costs incurred in generating
new source of future income|-|-|-|-|-|-|-|-|
|Database development costs|-|-|-|-|-|-|-|-|
|Other trading activities|-|-|-|-||||-|
|Investment management costs:|-|-|-|-||||-|
|Portfolio management costs|-|-|-|-|-|-|-|-|
|Cost of obtaining investment advice|-|-|-|-|-|-|-|-|
|Investment administration costs|-|-|-|-|-|-|-|-|
|Intellectual property licencing costs|-|-|-|-|-|-|-|-|
|Rent collection, property repairs and
maintenance charges|-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
|**Total expenditure on raising funds**|-|-|-|-|-|-|-|-|
|**Expenditure on charitable activities:**|||||||||
|General Charitable Activities|12,931|-|-|12,931|-|-|-|-|
|Global Care|2,808|-|-|2,808|-|-|-|-|
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
|**Total expenditure on charitable**
**activities**|15,739|-|-|15,739|-|-|-|-|
|**Separate material item of expense**|||||||||
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
|**Total**|-|-|-|-|-|-|-|-|
|**Other**|||||||||
|Depreciation Expense|30|-|-|30|-|-|-|-|
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
||-|-|-|-|-|-|-|-|
|**TOTAL EXPENDITURE**
**Total other expenditure**|30|-|-|30|-|-|-|-|
||15,769|-|-|15,769|-|-|-|-|
**Other information:**
**Analysis of expenditure on charitable activities**
CC17a (Excel)
1
||**Thisyear**|**Thisyear**|**Thisyear**|**Thisyear**|**Lastyear**|**Lastyear**|**Lastyear**|**Lastyear**|
|---|---|---|---|---|---|---|---|---|
|**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Activity1|-|-|-|-|-|-|-|-|
|Activity2|-|-|-|-|-|-|-|-|
|Other|-|-|-|-|-|-|-|-|
|**Total**|-|-|-|-|-|-|-|-|
CC17a (Excel)
2
**Section C Notes to the accounts (cont)**
## **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
## **14.1 Cost or valuation**
|At the beginning of the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the beginning of the year
Net book value at the end of the year
**14.3 Net book value**
**14.2 Depreciation and impairments**|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**|
|---|---|---|---|---|---|
||-|-|-|-|-|
||-|-|-|30|30|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|842|842|
||-|-|-|872|872|
|||||||
||SL or RB (Straight
Line or Reducing
Balance)|SL or RB|SL or RB|SL or RB|SL or RB|
|||||5 Years||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|30|30|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|30|30|
|||||||
||-|-|-|-|-|
||-|-|-|842|842|
CC17a (Excel)
1
## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**|||
|---|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**|
||-|-|
||-|-|
||11,956|-|
||-|-|
||11,956|-|
CC17a (Excel)
1
## Kings Church Coventry CIO Accounts 2023-4 DRAFT
Final Audit Report
2025-01-19
Created: 2025-01-19 By: Doug Whiffen (dougw@kingschurchcoventry.org) Status: Signed Transaction ID: CBJCHBCAABAAcjpLkedLwqfpqeRu8dTfKC2k_5Wk7Zl5
## "Kings Church Coventry CIO Accounts 2023-4 DRAFT" History
Document created by Doug Whiffen (dougw@kingschurchcoventry.org)
2025-01-19 - 9:24:26 PM GMT
Document emailed to joej@kingschurchcoventry.org for signature
2025-01-19 - 9:25:08 PM GMT
Email viewed by joej@kingschurchcoventry.org
2025-01-19 - 9:44:11 PM GMT
Signer joej@kingschurchcoventry.org entered name at signing as Joseph Jamieson 2025-01-19 - 9:44:50 PM GMT
Document e-signed by Joseph Jamieson (joej@kingschurchcoventry.org)
Signature Date: 2025-01-19 - 9:44:52 PM GMT - Time Source: server
## Agreement completed.
2025-01-19 - 9:44:52 PM GMT
## **Independent Examiner's Report to the Trustees of Kings Church Coventry, registration number 1199921**
I report to the charity trustees on my examination of the accounts of the above charity for the period 1[st] April 2023 to 31 March 2024 which are set out on the following pages.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
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:
Becky Eccleston
Beccles Business Consulting Ltd 3 School Lane
Swavesey CB24 4RL