REGISTERED CHARITY NUMBER: 294196
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
CHURCH OF CHRIST THE KING
Grugeon Reynolds Limited Chartered Certified Accountants Rutland House 44 Masons Hill Bromley Kent BR2 9JG
CHURCH OF CHRIST THE KING
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
CHURCH OF CHRIST THE KING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Advancement of the Christian Faith. Relief of persons in conditions of hardship or distress. Advancement of education of Christian principles and values.
Significant activities
The Church aims to provide a place where ordinary people can come for worship and prayer, learning about the good news of Jesus and to develop their Christian faith. Mid week community groups provide, support and pastoral care for those living within the community. Through initiates such as "Love Plumstead", the church aims to provide outreach to those in the community who do not regularly attend church services.
The charity maintains a building to support this work comprising a main meeting space, kitchen, toilets and a number of meeting rooms as well as an office.
Worship, Prayer and Teaching
The church has a prayer meeting each Sunday followed by the main service. Tea and coffee are served free of charge both before and after the main service. A bi-monthly "Encounter" service is run on a Friday evening, providing a relaxed atmosphere for prayer and worship.
Separate classes for crèche (ages 0-4), Junior Church (ages 5-11) and Youth (ages 11-14) are run each Sunday morning during the morning service. These provide activities and teaching for the different age groups all staffed by volunteers.
In addition, monthly men's and women's groups are run from the church building.
Mission and Evangelism
The church regularly has members go out into the community to offer prayer and pastoral care on the street. Church members are involved in volunteering at a night shelter and at a Contact Centre for families where the parents are living apart.
Pastoral care and Youth Work
Midweek community group, run by volunteers are places where friendship, encouragement and support are provided. Four Community Groups meet at different times during the week.
A Youth Group is run every other Friday for 11-18 year olds. Attended by around 8-12 young people, the group is a mix of games, discussion, teaching and worship as well as outings during school holidays. The group was due to attend a Youth Camp in Dover at the end of July 2020 however this had to be cancelled due to the Covid Pandemic.
Public benefit
The above activities have been agreed by the Trustees having regard to the public benefit guidance issued by the Charities Commission.
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CHURCH OF CHRIST THE KING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
OBJECTIVES AND ACTIVITIES
Covid Pandemic
The Covid Pandemic had a significant impact on the church's activities from the middle of March 2020. All services and activities within the building ceased in line with Government restrictions. A weekly on-line service on Sunday mornings was commenced and has continued throughout the pandemic with up to 70 attendees each week. In addition weekly on-line Junior Church and Youth meetings were commenced and all mid-week meetings were also held on-line.
Arrangements were put in place to ensure contact was maintained with the more isolated and vulnerable members of the church and support was given to those who were finding it difficult to connect on-line.
Due to the restricted space within the building, Sunday services at the building have not yet resumed. However following the Government's Covid safe guidelines, some midweek meetings were held in the building during July - October 2020.
Outdoor small group meetings were held during the summer months, as were outdoor youth events.
Grantmaking
Grants are made to:
Individual members in financial need.
The charity aims to give away approximately 10% of its income to other churches and organisations within the UK and abroad for special projects consistent with the objects of the charity.
Volunteers
Apart from one full time elder, one part time administrator and one part time cleaner, all activities are staffed by volunteers from the Church membership.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Employment of a full time Minister.
Employment of part time administrator and worship leader.
Running weekly Sunday and mid week church services - during the Covid Pandemic, these were undertaken on-line.
Running two weekly Youth Activities attended by up to 15 young people from the surrounding area - during the Covid Pandemic, these were undertaken on-line.
Grants were made to:
Sovereign World Trust (supplies resources (books etc) to support education and pastors in the developing world);
Tear Fund; Global Legacy/Living Fire(Church Network/Training); Christian Institute; and
Dream Revolution (on-line training app encouraging spiritual growth and maturity).
Repair and upkeep to the building owned by the charity where the majority of activities take place.
Providing Leaders Support and Coaching (via Colin Potter - Senior Church Leader).
A Nepalese Church uses the building on a Sunday and the Church has provided support to the leaders.
Fundraising activities
All funds are obtained from voluntary contributions from Church members and visitors.
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CHURCH OF CHRIST THE KING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
FINANCIAL REVIEW
Reserves policy
The charity seeks to hold reserves of £15,000 to cover essential expenditure over a three month period (eg. salaries, utilities,etc.).
Covid Pandemic
With the cessation of in-building services in March 2020, the weekly collections that were undertaken on a Sunday morning were no longer possible. This had typically accounted for around 15% of the church's income. In April 2020 the Trustees made an appeal to church members and regular attendees to continue their regular giving and for those who use to give via the weekly collection, to consider switching to on-line giving. This appeal was well responded to and giving to the Charity during the Pandemic has been maintained at pre-Covid levels. However, the overall income has marginally increased, as it became possible for more of the income to be included in the Gift Aid scheme.
Funds in deficit
No funds are materially in deficit.
Expenditure:
Payment of salaries;
Expenditure has been made during the year to provide resources for weekly church meetings, children's work, youth work and street outreach;
Donations have been made to individuals and organisations that are working to support local churches to meet the needs in their local areas e.g. Global Legacy, Colin Potter, Tear Fund.
Expenditure on mortgage repayments and upkeep of the building, where the majority of the charities activities take place.
Work was undertaken in January 2020 to repair the internal ceiling to the main hall which suffered damaged due to high winds. A section of the ceiling tiles were replaced.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Declaration of Trust dated 1 December 1985.
Recruitment and appointment of new trustees
Trustees are selected and appointed by the elders. A trustee will be a committed member of the church who adheres to the "Statement of Faith" as contained within the 4th schedule of the "Declaration of Trust" and whose life and actions are consistent with the "object and purposes" of the charity.The Elders (or recognised spiritual leaders) of the Church are responsible for all matters spiritual and fulfil their duty with regard to the appointment of trustees in accordance with the Declaration of Trust and all other duties with regard to sound, and Biblical based, Christian practice. They defer to the Trustees on all matter financial and determine all matters spiritual.
Induction and training of new trustees
New trustees are supplied with a copy of the governing document and the Charities Commission document CC3 The Essential Trustee. An induction session with an Elder and existing trustees is convened to go through the role and to address any questions and concerns. If a trustees is being asked to be involved or to take responsibility in a specific area i.e. Safeguarding then additional training is arranged as appropriate, and if necessary with an outside body.
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CHURCH OF CHRIST THE KING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review risks to which the Church are exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
A part time accountant undertakes the day to day management of the charities finances. The chair of trustees is in regular contact with the accountant to ensure any issues regarding the financial health of the charity are addressed. The board of trustees meet on a regular basis (minimum 3 times per year) to review the charities financial status and to make necessary adjustments to future spending plans, to ensure the charity expenditure and income are correctly balanced.
The charity maintains a building, 46 Lakedale Road, London SE18 7QA, to support this work comprising a main meeting space, kitchen, toilets and a number of meeting rooms as well as an office. The building is fully insured. The charity is overseen by the church Elders. Grant making is reviewed by the trustees taking account of the current and expected levels of expenditure and income. All adults working with children and vulnerable adults undergo a Disclosure and Barring (DBS) check. Training in Child Protection policies are given to new volunteers and the policies are reviewed on a regular basis. First Aiders are present for all youth activities held in the church building.
Monthly Health and Safety checks are undertaken of the building and details recorded. Any issues identified are raised with the appropriate person to for action and rectification.
Fire evacuation plans are in place and a fire evacuation test was undertaken during the year during a Sunday morning service.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
294196
Principal address
46 Lakedale Road Plumstead London SE18 1PS
Trustees
Mr T Endersby - Chair Mrs L Smiley Mrs P Marshall Mrs G Osazuwa (resigned 12/10/2020) Mr V Lumar Ms R Gberbo (appointed 2/9/2020)
Independent Examiner
Grugeon Reynolds Limited Chartered Certified Accountants Rutland House 44 Masons Hill Bromley Kent BR2 9JG
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CHURCH OF CHRIST THE KING
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Approved by order of the board of trustees on 9 May 2022 and signed on its behalf by:
Mr T Endersby - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING
Independent examiner's report to the trustees of Church of Christ the King
I report to the charity trustees on my examination of the accounts of Church of Christ the King (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
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 Act and in carrying out my examination I have followed all 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Andrew Roberts FCA Grugeon Reynolds Limited Chartered Certified Accountants Rutland House 44 Masons Hill Bromley Kent BR2 9JG
9 May 2022
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CHURCH OF CHRIST THE KING
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 98,854 Charitable activities General activities 6,049 Investment income 2 570 Total 105,473 EXPENDITURE ON Charitable activities General activities 83,786 NET INCOME 21,687 RECONCILIATION OF FUNDS Total funds brought forward 61,644 TOTAL FUNDS CARRIED FORWARD 83,331 |
Restricted funds £ 100 - - 100 50 50 - 50 |
2021 Total funds £ 98,954 6,049 570 105,573 83,836 21,737 61,644 83,381 |
2020 Total funds £ 90,214 58 1,624 |
|---|---|---|---|
| 91,896 85,310 |
|||
| 6,586 55,058 |
|||
| 61,644 |
The notes form part of these financial statements
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CHURCH OF CHRIST THE KING
BALANCE SHEET 31 AUGUST 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 120,056 CURRENT ASSETS Debtors 7 7,580 Cash at bank and in hand 11,668 19,248 CREDITORS Amounts falling due within one year 8 (22,139) NET CURRENT ASSETS (2,891) TOTAL ASSETS LESS CURRENT LIABILITIES 117,165 CREDITORS Amounts falling due after more than one year 9 (33,834) NET ASSETS 83,331 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 50 50 - 50 50 - 50 |
2021 Total funds £ 120,056 7,580 11,718 19,298 (22,139) (2,841) 117,215 (33,834) 83,381 83,331 50 83,381 |
2020 Total funds £ 124,388 6,935 1,644 8,579 (24,008) (15,429) 108,959 (47,315) 61,644 61,644 - 61,644 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2022 and were signed on its behalf by:
Mr T Endersby - Trustee
Mrs P Marshall - Trustee
The notes form part of these financial statements
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CHURCH OF CHRIST THE KING
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each assets over its estimated useful life.
Improvements to the building - 5% Church contents - 10% Office equipment - 20% Audio and visual equipment - 8-10%
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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CHURCH OF CHRIST THE KING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Rents received | 570 | 1,624 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Minister Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 89,674 Charitable activities General activities 58 Investment income 1,624 Total 91,356 EXPENDITURE ON Charitable activities General activities 84,770 NET INCOME 6,586 RECONCILIATION OF FUNDS Total funds brought forward 55,058 |
2021 1 1 2 Restricted funds £ 540 - - 540 540 - - |
2020 1 1 2 Total funds £ 90,214 58 1,624 |
|
|---|---|---|---|
| 91,896 85,310 |
|||
| 6,586 55,058 |
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CHURCH OF CHRIST THE KING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ TOTAL FUNDS CARRIED FORWARD 61,644 - 6. TANGIBLE FIXED ASSETS Improvements Fixtures Freehold to and property property fittings £ £ £ COST At 1 September 2020 74,000 69,647 24,231 Additions - - 355 At 31 August 2021 74,000 69,647 24,586 DEPRECIATION At 1 September 2020 - 24,381 19,109 Charge for year - 3,482 1,205 At 31 August 2021 - 27,863 20,314 NET BOOK VALUE At 31 August 2021 74,000 41,784 4,272 At 31 August 2020 74,000 45,266 5,122 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Other debtors 7,580 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Bank loans and overdrafts (see note 10) 13,600 Taxation and social security 1,103 Other creditors 7,436 22,139 |
Total funds £ 61,644 Totals £ 167,878 355 168,233 43,490 4,687 48,177 120,056 124,388 2020 £ 6,935 2020 £ 13,250 3,383 7,375 24,008 |
Total funds £ |
|---|---|---|
| 61,644 | ||
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CHURCH OF CHRIST THE KING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 10) 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans - 1-2 years Amounts falling due between two and five years: Bank loans - 2-5 years 11. MOVEMENT IN FUNDS At 1.9.20 £ Unrestricted funds General fund 61,644 Restricted funds Restricted donations - TOTAL FUNDS 61,644 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 105,473 Restricted funds Restricted donations 100 TOTAL FUNDS 105,573 |
2021 2020 £ £ 33,834 47,315 2021 2020 £ £ 13,600 13,250 13,950 13,725 19,884 33,590 Net movement At in funds 31.8.21 £ £ 21,687 83,331 50 50 21,737 83,381 Resources Movement expended in funds £ £ (83,786) 21,687 (50) 50 (83,836) 21,737 |
|---|---|
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CHURCH OF CHRIST THE KING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,058 | 6,586 | 61,644 |
| TOTAL FUNDS | 55,058 | 6,586 | 61,644 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 91,356 | (84,770) | 6,586 |
| Restricted funds | |||
| Restricted donations | 500 | (500) | - |
| Restricted Building fund | 40 | (40) | - |
| 540 | (540) | - | |
| TOTAL FUNDS | 91,896 | (85,310) | 6,586 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,058 | 28,273 | 83,331 |
| Restricted funds | |||
| Restricted donations | - | 50 | 50 |
| TOTAL FUNDS | 55,058 | 28,323 | 83,381 |
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CHURCH OF CHRIST THE KING
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted donations Restricted Building fund TOTAL FUNDS |
Incoming resources £ 196,829 600 40 640 197,469 |
Resources Movement expended in funds £ £ (168,556) 28,273 (550) 50 (40) - (590) 50 (169,146) 28,323 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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CHURCH OF CHRIST THE KING
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Charitable activities Income from charitable activities Total incoming resources EXPENDITURE Charitable activities Wages Sundries Depreciation of tangible fixed assets Grants to institutions Support costs Finance Bank interest Total resources expended Net income |
2021 £ 98,954 570 6,049 105,573 62,801 10,686 4,687 3,972 82,146 1,690 83,836 21,737 |
2020 £ 90,214 1,624 58 |
|---|---|---|
| 91,896 59,203 14,893 5,354 3,500 |
||
| 82,950 2,360 |
||
| 85,310 | ||
| 6,586 |
This page does not form part of the statutory financial statements
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