The Communlty of the King of Love Chari'.'i No 271207 Annual accounts for the eriod CC39a Period 8tart dale Period end date To l$t Jan 2020 31$1 Dec 2020 Section A Statement of financial activities Dèscriptions by natural category Unrtstricted funds Restricted income fund8 Enilowment funds Total last y•ar Total thls y8ar Incoming resources Gifts 4nd donalions 937 28,788 4,223 12,668 937 28,788 4,223 12,668 7.397 43,860 4,078 Fees received Rates rebate Covid Rates Grant Total Incoming resources Resources expended (noto$ 3 & 41 46,616 46,616 55,335 Salarie5 9.844 12,025 4,854 5,527 6,768 2,022 4,898 201 598 203 9,844 12,025 4.854 5.527 6,768 2,022 4,898 201 598 203 9,654 11,882 5,414 5,511 7,793 3,528 2,475 788 411 73 575 34 1.308 FoDd and Hw$ehO￿ Cos Prwrty& Othèr R¢pailS Property In$uran¢e Hea( ￿pht & Power EQuipm￿t Hire & Maintsnance Trav81 & klotr Expenses Telephone Prinbng. SlaliDnery& Postage G¢n¢rtl AdVeffj$￿0 BAnk Charge$ & Intere$t General Expenaes legal and prOfes￿Onal fee5 8ook k¢OPJ 35 659 4,000 1,300 5,629 58,S63 35 659 4,000 1,300 5,629 S8,563 1,300 6,242 56,988 Total resources 8xpend•d Net in¢omin91(oTJtyoyng) resour￿ before transfers 11,947 11,947 1,653 Gross transfenJ between funds Netln¢omlngl(outgolng) resources befor• other recognlsedgains/(105sesJ 11.947 11.947 1,653 Othèr rncognis•d gaIn￿(loSS8SI Gain$ ard losses on revaluation of fixe assets for the charity's own use Gains and losses on inveSt￿nt assets Net movenjènt in funds 11,947 11,947 1.653 Totsl funds brought forward $8,589 1.9S8 60,547 62,200 Total funds can*8d lonvard (not• fo) 46.642 1,958 48,600 60.547 Section B Balance sheet Total thls year Total last y¢ar Fixed assets Tangible assets Investments (Note 5) (Note 61 Total fixed assets 231.939 237,568 237,568 Current assets Debtors Cash in hand (Note 7 3,281 674 674 Total ¢urrent ass9ts Creditors: amounts falllng due withln one year (Note 8} 186.620 177.695 Net Current a¥sets/(liabilities) 177,021 Total assets less current liabillties 60,547 Credltors: amounts falllng due afterone year (Note 8) Net assets Funds of the Charity UnrestriGted funds Totsl unrestrlcted funds 46,642 46,642 1,958 58,589 58,589 1.958 Restricted income funds (Note 101 Total funds 60,547 Slgned by one or two trustees on behalf of all the trustees Dats of approval Signature David Hall 17th Novemb8r 2021 Section C Notes to the accounts Note 1 Ba319 of preparatlon 1.1 Basis of accounting These accounts h8ve been prepared on the basis of hlslor4¢ cost (except that inveBtments are shown at market valual in accordance with". Accounting and Reporting by Charities- Ststement of Recommended Practice ISORP 2005); and with Financial R8porbng Standards for Smaller Enterprises IFRSSEI and with the Ch8rities ACL 1.2 Change in ba$1$ of accounting There has been no change to tho a¢¢ounting polictes {valuation rules and methods of accounting) since la¥t year. 1.3 Changes to provk>us accounts Changes have been made lo a¢Gounts for previous years as shown in note 5.5 Section C Notes to the accounts (cont Nots2 Accounting policies INCOMING RESOURCES Recognition of incomlng rnsouregs These are included in the Statement of Financlal Aetlvilles {SoFAI when.. the charity becomes entitled to the resources., the trustees are virtually certain they will receive the resources.. and the monetary value can be measured wth sufficient reliabilrty. Where incoming resour¢es have related expenditure las with fundraising or contract income} the Incomlng resources and related expenditure are reported gross in the SOFA. Grants and donations are only included in the SOFA when the charity has unconditional enlillerHent to the resources. In¢orning resourcès wlth related expènditure Grants and donations Tax reolaims on donations #nd gift8 Contractual Income and perfornianc9 related grants Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. This is only included in the SOFA once the related goods or seNices have been delivèred. Glfts in klnd Gifts in kinrl are a¢¢ounted fr)r al a reasonabSe estimate of their value lo the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gffts only when sold or distributed by the charty. Gifts in kind for use by the charlty are Included in the SOFA as incoming resources when ceivable. Donatèd services and faciliti#¥ These 3Fe only included in incoming resource5 {wFth an equivalent amount in resoLJrces expended) where the benefit to the charity is reasonably quantifiable, measurable 8nd material. The value placed on these resources is the estimated value lo the charity of the service or facility received. The value tsf any voluntary help received is not included in the accounts bul is described in the trLJStees' annual report. Voluntèèr help Investsnent Income This is included in the aeeounts when receivable. Investment gains and lossès This includes any gain or loss on the sale of investments and any gain or loss resU￿1ng fro revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Llablllty recognition Liabilf(iès are recognised as Soon as there is a legal or conslruclive obligation ￿MmItt1ng the charity to pay out resources. Where the charity gives a grant with condftions for its payment being a specific level of servl¢e or output to b& provided, such grants are only rewgnised in the SOFA once the recipient of the grant ha5 provided the specified service or output. Grants wlth perfomianeè condltlons Grants payablè without perfom)anc• conditions These are only recognised in the accounts when a commitment has been made and there are no condrtions to be met relating to the gran* which remain in the control of the charity. ASSETS Tanglble fixed assots for UBe These are capitallsed il they can be used for more than one year, and cost at least £300. They by Charity are valued at cost or a reasonable value on receipt. Investments Investments qutsted on a reeognised stock exchange are valued at market value at the yèar end. Other investment ass&ls are included al IrLJslees' best estimate of markèt value. stocky and work In progress These are valued at the lower of cost or market value. Section C Notes to the accounts Icontl Note 3 Details of certaln Items of expenditure 3.1 Trustse 0x￿nseS Thi$ yoar Last year Numb•r of trustggs who vme paid oxpensèg Naturn of thè expenses Total amount paid 3.2 Fee$ lor examination or audit of the accounts This yaar Last year Independent examinevs or auditors, fees for reporting on thg a¢¢ounts Othèr fèès (for example: advice, consultancy, accountancy services) paid to th8 Indapondont oxaminer or auditor Section C Notes to the accounts Icontl Note 4 Paid employee$ 4.1 staff Costs This year Last year Gros$ wag¢$, salari•s and b•nofits in kind 9,844 9.654 Total staff costs 9,654 4.2 Avoragg numbèr of full-tlme equlval&nt employ99$ In tha year This year Number Last y•ar Number The parts of the charity in which tho omploy88$ work Direct Charitable Total Sèction C Notes to the accounts Icon Note S Tangible fixgd assets 5.1 Cost or valuatlon F￿ehOld land & bulldlngs Antlques & Art Works Chapel Flxtures, ritting$ and •qulpment Motor Vehlcles Total Balan￿ brought forward Disposals Balance carried forward 239.600 53,015 148.661 3,000 444.266 239.600 53,015 148.651 3,000 444,266 5.2 Accumulated depreciatlon and impaimient provisions Striaght Line None Reducing Balance 250/. Basis striaghl Line Rats 20A pa Balance brgught forward Depreciation charge for year Disposals 8alanc& carried forward 62,396 141.302 3.000 206,698 3.792 1.837 5,629 66.188 143.139 3,000 212.327 S.3 Net book value Brought forward Carried forward 177.204 173,412 53,015 53.01S 7,349 5,512 237,568 231.939 5.4 Revaluation The Fr8ohold Land and guilding8 are shown In th? accounts wlth a cost of £239,60012019- £239,600) and a net book valu¢ of £173,41212019 - £177.2041 Thi5 compared with a professlonal valuatlon of £450,OIKI by hle$$rs. Jorflan Fi3hwick in 1999. Duflng ZQQ5. Me88rs. Jordan Fl$hwl¢k, based upon tholr knowl•dg• of the propebty, advised th3t a mlnlmum Valua￿on of £565,000 would now b• axpected 6.5 Prtor Year Adjustment During the yèar to 31st December 2020 thè trustees agrg¢d that unrecorded expendlture bncurred In earlier yearn should l>è ¢aplta1188d, tho exponduiture amountsd to £91,000 on whieh the accumulated deprncla￿0n to 315t Dècembfrr 2018 amounted to £36.317 and furthor depreciation of £3,175 was hncuurgd In th8 year to 31st December 2019 The above has th• off•ct of Increasing the net book value brough forward by £51,508 from tho amount rocord8d in thè 2019 accounts of £186.060 to £237,568 as shown above Section C Notes to the accounts (cont Note 6 Inveslment assets 6.1 Fixad assets investments Carrying (market) value at beginning of year Add: additions lo investments at cost Less: disposals al carrying value Addlldeduct): nel gainlllossl on revaluation Carrying Imarf(etl value at end of year Analysis of investments Market valuè at year end Income from investments for the year Investments in subsidiary or connected undgrtakings and companie Total Section C Notes to the accounts (conti Note 7 Debtors and prepayments An8ly8is of debtors Amounts falling due within one yèar This year Last year Amounts falllng due after more than one year This year Last yèar Tradg debtors Prepayments Total Note 8 8.1 Analysls of credlto Creditors and accruals Amounts falllng dug within onè yaar This year Last year Amount8 falllng du• aft•r more than one year This year Last yèar Loan$ and ovgrdrafts Trnde creditors Other creditors A¢¢rua15 and deferred Incomè 157.317 153,317 28,911 392 24.378 Total 8.2 S¢¢urity over assets Non• Section C Notes to the accounts lcontl Note 9 Transactions with related parties 9.1 Remuneration and benefits Amounts paid or beneflt value Nam• of trusteo or related party Lggal authority lag order, governing documenti Thls year Last year None None 9.2 Loans Amount owing Thls year Last year Name of trustee or related party Legal aulhorlty Due to trustèes and related parties Due from trustees and related partlos Rev J R Macleod None 154,317.00 150,317.00 None None 9.3 other tran8aGtion{sl with trustees or related parties Name of the trustee or related party None Relationship to chari Description of the transaction(s) This year Last year None None Section C Notes to the account5 (conti Note 10 10.1 Funds held Endowment and restrlcted Income funds mianent •ndowment funds IPE}' expèndable endowment funds IEEI. and rgstri¢ted income funds. Includlng speclal trusts. of thg chadty IRI. other funds . Fund Name Type PE, EE. R or oth8r Purpose and rèstrietions Propetty Development The property fund arose Irom a glft from the Ollve Trust, whlch was givèn with the wish that certain works should b• carried out to at the Hall. 10.2 Movements of ma or fund$ Fund balances brought fornvar(I Incoming resourees Resources expended Gains and lo¥¥e$ Fund balances carried forward Traftsfèrs Fund nam•$ Property Development Totsl Funds 1,958 1,958 1.958 1,958 10.3 Transfers b•tWgen funds From Fund INom¢l To Fund (Namel Reason Arnount None 10.4 Analysis of net assets betsveen lunds Unre8tr1ct8d funds Restricted funds Endowed funds Totsl Fixèd assets Investh)ents Net current assets 229,981 1,958 231,939 183.339 183.339 Creditors due in more than one year and provisions Totsl net ass•ts ## **Trustees' Annual Report for the period** Period start date Period end date **Day Month Year Day Month** Year **From 1[st] Jan 2020 To 31st Dec 2020** ## Section A Reference and administration details **Charity name** Community of the King of Love **Other names charity is known by** **Registered charity number (if any)**[271207 ] **Charity's principal address** ## Whaley Hall Reservoir Road Whaley Bridge High Peak Postcode SK23 7BL ## **Names of the charity trustees who manage the charity** |1
2
3
4|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Rev David Hall|||| ||Rev J R MacLeod|||| ||Jean MacLeod|||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** **TAR** **April 2009** 1 ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Trust deed - (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) Trustee selection methods Appointed by the Trustees - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** To work for the advancement of religion, religious education, the furtherance of unity between Christians. Understanding diversity and to minister to all eg: through pastoral & spiritual development. **Summary of the objects of the charity set out in its governing document** **TAR** **April 2009** 2 The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. We seek to ensure that the facilities we offer are accessible and welcoming to all who come. The fundamental policy of the acceptance of all and the rejection of none continues to be the driving force of the charity's work. We ensure to offer a safe environment to vulnerable individuals supporting their every need. Encouraging those who have been hurt in their personal life journey and working with them to discover that healing and wholeness which enriches their lives. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** We actively promote retreats especially during Lent, Corpus Christi and Advent. This brings together diverse groupings of people who share and seek understanding over the richness and diversity of human experience. The facilities are always open for any individual to use, especially the Chapel, where a listening ear is always available giving people the opportunity to know someone cares in their time of need. The grounds are always open for individuals to sit in and reflect. It has always been the charity's policy that no one is ever excluded from using the facilities on financial grounds. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grant making; - policy programme related investment; - contribution made by volunteers. **TAR** **April 2009** 3 ## Section D Achievements and performance **Summary of the main achievements of the charity during the year** Due to Covid we were closed by the Government from March 2020 onwards. This had a devastating effect on our work which is ongoing. We had services which were on Zoom plus meetings with individuals and small groups. Through this we continued to work with people on cohesion and spirituality. Alongside this we also used telephone calls to keep contact with vulnerable and isolated people known to us. We also had a group of people who helped with shopping for the elderly and housebound. Whenever we heard of someone in need food was delivered to them and we ensured they were safe. During the October work started on combining two rooms to form an additional meeting room, manly to be used for meditation and yoga. ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** At 31[st] December 2020 the charity had unrestricted funds amounting to £46,642 and restricted income funds amounting to £1,958. The policy on the reserves is to keep the charity in a solvent position and to use the reserves to assist with meeting the objectives of the charity in the most appropriate way as agreed by the trustees **Details of any funds materially in deficit** None **TAR** **April 2009** 4 ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Rev David Hall **Position (eg Secretary, Chair,** Chair **etc)** **Date** 17th November 2021 **TAR** **April 2009** 5 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** ## **Report to the trustees/** Charity Name **members of The Community of the King of Love** **On accounts for the year 31[st] December 2020 Charity no 271207 ended (if any) Set out on pages 1 to 3** (remember to include the page numbers of additional sheets) **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent** In connection with my examination, no matter has come to my attention **examiner's statement** (other than that disclosed below *) 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date:** 17[th] November 2021 **Name:** M A Taylor **Relevant professional** F.C.C.A **qualification(s) or body (if any):** 1 **IER** **March 2012** **Address:** Primary House, Spring Gardens, Macclesfield, Cheshire SK10 2DX ## **Section B Disclosure** Only complete if the examiner needs to highlight material problems. None 2 **IER** **March 2012** **Give here brief details of** None **any items that the examiner wishes to disclose** . 3 **IER** **March 2012**