KINGS LYNN EVANGELICAL CHURCH ANNUAL REPORT AND ACCOUNTS FOR THE TWO MONTHS ENDED 31 MARCH 2024 REGISTERED CHARITY No: 1203408
REGISTERED CHARITY No: 1203408
KINGS LYNN EVANGELICAL CHURCH ANNUAL REPORT FOR THE TWO MONTHS ENDED 31 MARCH 2024
| Contents | Page |
|---|---|
| Administration details | 1 |
| Trustees' report | 2 |
| Independent Examiners Report | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the accounts | 6 |
REGISTERED CHARITY No: 1203408
KINGS LYNN EVANGELICAL CHURCH ADMINISTRATION DETAILS FOR THE TWO MONTHS ENDED 31 MARCH 2024
Principal Address: Gayton Road Kings Lynn Norfolk PE30 4EA
Trustees:
The trustees are the Elders and Deacons for the time being of the church. The trustees who have served from the date of incorporation to the date of this report are as follows:
Maynard John Archer John Edward Currey Pauline Gilbert (Deceased 17[th] September 2024) Hilary Ann Johnson David Leonard Rose Anne Sparrow
Contact details: email: klevangelicalchurch@gmail.com Website www.klec.org.uk Telephone 01553 762020
Charitable objective
The main charitable objectives of the charity, as stated in the following extract from the Church constitution:
3.1 the purposes of the church are: 3.1.1 the advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Kings Lynn and West Norfolk and the surrounding neighbourhood; and 3.1.2 such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the basis of faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life; provided that the advancement of such purposes must be undertaken in a manner that is consistent with the doctrinal distinctives and ethical statements as may be adopted and amended by the church from time to time in accordance with the provisions of the church handbook.
REGISTERED CHARITY No: 1203408
KINGS LYNN EVANGELICAL CHURCH TRUSTEES' REPORT FOR THE TWO MONTHS ENDED 31 MARCH 2024
Kings Lynn Evangelical Church was constituted as a Charitable Incorporated Organisation (CIO) on 5 June 2023, and is a registered charity, number 1203408. It is a continuation of the ministry of a former Charitable Unregistered Association (CUA) which was also known as Kings Lynn Evangelical Church.
The CUA continued operations until 31 January 2024 and all its membership, assets and liabilities were transferred to the new CIO on that date.
Activities
The church’s activities include public worship services, bible teaching, proclamation of the gospel, pastoral support upon request, community activities including support of people on the route out of debt, parent and toddler activities, a knit and natter group, a weekly warm space/drop-in, children’s holiday clubs, schools’ evangelism, support of mission organisations bringing hope and relief to needy communities in the UK and overseas. Operations in the two months from the date of transfer to 31 March 2024 resulted in a deficit of £316.
Major events
The Church meets in a former Methodist Chapel in Gayton Road, Gaywood, Kings Lynn. These premises have been the “home” of the church (including the former CUA) since around 1990 and the church has been responsible for all upkeep, maintenance and insurance since first occupation. It is currently insured for full loss and replacement. The cover amount is £485.000. This property was held in trust by The FIEC Property Trust. On 1 February 2024 they transferred freehold ownership of the property to the Church at zero cost. It is the intention of the Trustees to take advice as to the value of the property. In the meantime, the property is therefore not valued on its Balance Sheet.
Reserves policy
The Church reserves policy is to maintain free reserves to cover the cost of 6 months operation of the activities of the church. In order to meet urgent unforeseen costs, this has been set at a minimum of £15,000. The Trustees have identified the major risk as damage to the premises which would affect the provision of community services including worship, bible teaching, community and children’s activities. The Trustees have ensured that adequate insurance over is in place.
Basis of accounting
The financial statements have been prepared on a receipts and payments basis and in accordance with relevant accounting standards. The financial statements comply with the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
.........................................................
David Rose
On behalf of the trustees
26 January 2025
KINGS LYNN EVANGELICAL CHURCH REGISTERED CHARITY NUMBER:1203408 INDEPENDENT EXAMINERS REPORT FOR THE TWO MONTHS ENDED 31 MARCH 2024
I report to the trustees on my examination of the accounts of Kings Lynn Evangelical Church (“the Trust”) for the year ended 31 March 2024.
As the charity trustees of the Trust, 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed Date
26 January 2025
…………………………………………… ……………………..………
Ian Todd Company Accountant Dereham
REGISTERED CHARITY NUMBER:1203408
KINGS LYNN EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE TWO MONTHS ENDED 31 MARCH 2024
| Total | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total |
Funds | ||
| Notes | Fund | Fund | Funds 2024 | 2023 | |
| Receipts | |||||
| Donations, including Giftaid Recovery | 3,029 | 3,029 | |||
| Other | 250 | 250 | |||
| Total Income | 3,279 | 0 | 3,279 | 0 | |
| Payments | |||||
| Church Ministry | 1,343 | 1,343 | |||
| Mission Support | 590 | 590 | |||
| Other | 1,662 | 1,662 | |||
| Total Payments | 3,595 | 0 | 3,595 | 0 | |
| Net Income/(Expenditure) | -316 | 0 | -316 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | |
| Net movement in funds before transfers | -316 | 0 | -316 | 0 | |
| Transfers between funds | 0 | 0 | 0 | 0 | |
| Net movement in funds | -316 | 0 | -316 | 0 | |
| Reconciliation of funds | |||||
| Opening Funds transferred from CUA | 63,281 | 0 | 63,281 | 0 | |
| Movement in Funds | -316 | 0 | -316 | 0 | |
| Funds Carried forward | 62,965 | 0 | 62,965 | 0 |
REGISTERED CHARITY No: 1203408
KINGS LYNN EVANGELICAL CHURCH
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024
| Note Fixed Assets Land and Buildings Furniture and Equipment Current Assets Cash and Bank Balances Other Total Assets Reserves Restricted Fund Unrestricted Fund |
2024 £ 0 2,932 2,932 59,790 243 60,033 62,965 0 62,965 62,965 |
2023 £ 0 |
|---|---|---|
| 0 | ||
| 0 | ||
| 0 | ||
| 0 |
The Statements of Financial Activities and Financial Position have been signed on behalf of the Trustees by
…........................................ ….................................... John Currey Hilary Johnson 26 January 2025
The following notes 7 form part of these accounts
REGISTERED CHARITY No: 1203408
KINGS LYNN EVANGELICAL CHURCH NOTES TO THE ACCOUNTS FOR THE TWO MONTHS ENDED 31 MARCH 2024
1. Accounting policies
a. General
These accounts have been prepared under the historical cost convention in accordance with the Charities Act 2011 and the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
b. Depreciation
Fixtures, fittings and equipment were transferred to the New Church CIO on 1 February 2024. And valued by the trustees at that date.
No depreciation has been provided for since that date in the two months to 31 March 2024. Consideration will be given to depreciation rates in the following years.
c. Donations received
Due to the irregular nature and timing of this source of income, these are accounted for when received.
2. Fixed Assets
The church premises at Gayton Road, Kings Lynn PE32 1QP were transferred by FIEC Fellowship Property Trust to the church at no cost on 31 January 2024. The Trustees have continued to insure the premises based on a full rebuild cost of £485,000
3 Reserves
| Unrestricted Fund | As at As at 5 July 2023 Transferred from CUA Movement in Year 31 March 2024 |
|---|---|
| 0 63,281 -316 62,965 |
The unrestricted fund is for future expenditure in line with the church's objectives
4. Trustee remuneration
No trustee received any remuneration or reimbursement in a personal capacity for acting as a trustee.