**CHURCH OF CHRIST THE KING** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** ## **REGISTERED CHARITY NUMBER: 294196** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 FOR** **CHURCH OF CHRIST THE KING** Keswick Accountancy Limited Chartered Certified Accountants 16 Hawkwood Maidstone Kent ME16 0JQ **CHURCH OF CHRIST THE KING** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** ||**Page**| |---|---| |**Report of the Trustees**|1to 5| |**Independent Examiner's Report**|6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9to 14| |**Detailed Statement of Financial Activities**|15| **CHURCH OF CHRIST THE KING REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2022** The Trustees present their reports with the financial statements of the Charity for the year ended 31[st] August 2022. 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Advancement of the Christian Faith, Advancement of education of Christian principles and values Relief of persons in conditions of hardship or distress ## **Significant activities** The Church aims to provide a place where ordinary people can come for worship and pray, 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. ## **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. Sunday services at the building were only resumed at the end of July 2021 following a change in the government Covid guidance. Covid safe practices were put in place for the opening which included recording attendance in-line with the government “Track and Trace” scheme, increased spacing of chairs, hand sanitisers at entry and exit points, and an enhanced cleaning regime. Since July 2021 the following activities resumed: ## **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. Separate classes for crèche (ages 0 – 4), Junior Church (ages 5- 11) and Youth (ages 1114) 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. Page 1 **CHURCH OF CHRIST THE KING REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2022** ## **OBJECTIVES AND ACTIVITIES (continued)** ## **Pastoral Care and Youth Work** Midweek community group, run by volunteers are places where friendship, encouragement and support are provided. Five Community Groups meet at different times during the week. A Youth Group is run every other Wednesday 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. ## **Public Benefit** The above activities have been agreed by the Trustees having regard to the public benefit guidance issued by the Charities Commission. ## **Grantmaking** 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/worship leader and one part time pastoral assistant, all activities are staffed by volunteers from the Church membership. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Employment of a full time Minister, Jamie Lee Employment of part time administrator and worship leader, Rachel Lee Employment of part time Pastoral Assistant, Fiola Dixon For a number of years, Jamie and Rachel Lee along with other members of the church, have been working with Eastgate a church on a number of their initiatives and mid-week programmes. One such initiative is “Living Fire” whose aim is to encourage and equip churches from around the UK and beyond to explore new ways of worship and outreach. At the start of April 2021, the church was provided with a grant from Living Fire to release Jamie Lee and Rachel Lee to work for one day a week for a year in support of the Living Fire initiative. This grant enabled Rachel to work an extra day per week (in addition to the two she was working for CCK). To enable Jamie to spend one day per week working on the Living Fire initiative, the church employed a Pastoral assistant, Fiola Dixon, for one day per week on a one-year fixed contract. The Living Fire Grant was renewed for a further year in April 2022, which enabled Rachel to continue to work for an extra day and a Fiola’s one day a week contract was extended for a further year. At the end of 2022 Living Fire confirmed that the grant would not be renewed again and that the final grant payment would be made in March 2023. Page 2 **CHURCH OF CHRIST THE KING REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2022** ## **ACHIEVEMENT AND PERFORMANCE (continued)** Main Activities of the Charity: - Running weekly Sunday and mid-week church services - Running two weekly Youth Activities attended by up to 12 young people from the surrounding area – during the Covid pandemic, these were undertaken on-line Grants were made to: - Global Legacy/Living Fire (Church Network/Training) - Dream Revolution (on-line training app encouraging spiritual growth and maturity) - STEPS (A charity offering courses to help people break free of unhelpful behaviour patterns) Repair and upkeep to the building owned by the Charity where the majority of activities take place. Providing Leaders Support and Coaching (via Pete Carter – 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. ## **FINANCIAL REVIEW** ## **Reserves Policy** The Charity seeks to hold reserves of £15,000 to cover essential expenditure over a threemonth period (e.g. Salaries, utilities etc) ## **Funds in deficit** No funds are materially in deficit. ## **Church Finances** Following the commencement of the Grant from Living Fire in April 2021, the church has also been able to build up some reserves, which stood at around £10,000 as at December 2022. During 2021 and early 2022, a number of long-standing members of the church left due to house moves. This has had an impact on the overall church finances. Measures were put in place in March 2022 to reduce expenditure to a minimum and an appeal to increase giving by church members was made in June 2022 and again in November 2022. These appeals along with some new members joining during 2022, saw some increase in income. However, with the confirmation in December 2022 that the Living Fire Grant would not continue past March 2023, it was clear that the level of income could not support the current expenditure on salaries. Following a review of the church finances and in consultation with the Church Leadership Team, the following adjustment in paid working hours from April 2023 were agreed: Jamie Lee – Reduced hours from 5 days per week to 4 days per week Rachel Lee – Reduced hours from 3 days a week to 2 days per week Fiola Dixon – Retained on 1 day per week Page 3 **CHURCH OF CHRIST THE KING REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2022** ## **FINANCIAL REVIEW (continued)** This adjustment will mean income and expenditure will be in balance from April 2023. ## **Expenditure** Payment of salaries Expenditure has been made during the year to provide resources for weekly church meetings, Children’s Work and Youth Work 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, STEPS Expenditure on mortgage repayments and upkeep of the building where the majority of the Charity’s activities take place. Work was undertaken in on the rear flat roof of the church in September 2021 to repair a leak. The leak had affected some of the electrical services to the rear of the building and once repairs to the roof were completed, an electrician was employed to repair and restore the electrical services. ## **STRUCTURE GOVERNANCE AND MANAGEMENT** ## **Governing Document** The Charity is controlled by the governing document, a deed of trust and constitutes an unincorporated charity. Declaration of Trust dated 1[st] December 1985 ## **Recruitment and appointment of new Trustees** Trustees are selected and appointed by the church elders. A Trustee will be a committed member of the church who adheres to the “Statement of Faith” contained within the 4[th] schedule of the “Declaration of Trust” and whose life and actions are consistent with the “objects and purposes” of the Charity. ## **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 Trustee 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. ## **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 Charity’s 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 Page 4 **CHURCH OF CHRIST THE KING REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2022** ## **STRUCTURE GOVERNANCE AND MANAGEMENT (continued)** adjustments to future spending plans, to ensure the Charity’s expenditure and income are correctly balanced. The Charity maintains a building, 46 Lakedale Road, London SE18 1PS, 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. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number** 294196 ## **Principle address** 46 Lakedale Road Plumstead London SE18 1PS ## **Trustees** Mr T Endersby Chair Mrs L Smiley resigned 20[th] February 2022 Mrs P Marshall Mr V Lumor resigned 1[st] September 2021 Ms R Gberbo ## **Independent examiner** Keswick Accountancy Limited Chartered Certified Accountants 16 Hawkwood Maidstone Kent ME16 0JQ ## **Approved by the Board of Trustees on 5[th] May 2023 and signed on its behalf by:** **………………………………………. T M Endersby – Chair of Trustees** Page 5 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## **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 2022. ## **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: 1. 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 3. 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. Sam Crabbe Keswick Accountancy Limited Chartered Certified Accountants K16 Hawkwood Maidstone Kent ME16 0JQ 30 June 2023 Page 6 **CHURCH OF CHRIST THE KING** **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
91,996
**Charitable activities**
General activities
14,672
Investment income
2
295
Other income
3
300
107,263
**EXPENDITURE ON**
**Charitable activities**
General activities
100,059
**NET INCOME**
7,204
**RECONCILIATION OF FUNDS**
**Total fund brought forward**
83,381
90,585|Restricted
funds
£
-
-
-
-
-
-
-
-
-|2022
Total
funds
£
91,996
14,672
295
300
107,263
100,059
7,204
83,381
90,585|2021
Total
funds
£s
98,954
6,049
570
-| |---|---|---|---| ||||105,573
83,836| ||||21,737
61,644| ||||83,381| The notes form part of these financial statements Page 7 ## **CHURCH OF CHRIST THE KING** ## **BALANCE SHEET** ## **FOR THE YEAR ENDED 31 AUGUST 2022** |Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
7
116,168
**CURRENT ASSETS**
Debtors
8
7,185
Cash at bank and in hand
6,853
14,038
**CREDITORS**
Amounts falling due within one year
9
(18,885)
General activities
(4,847)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
111,321
**CREDITORS**
Amounts falling due within one year
10
(20,736)
90,585
**FUNDS**
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-
-||2022
Total
funds
£
116,168
7,185
6,853
14,038
(18,885)
(4,847)
111,321
(20,736)
90,585
90,585
-
90,585||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| The financial statements were approved by the Board of Trustees and authorised for issue on 30June 2023 and were signed on its behalf by: Mr T Endersby - Chair of Trustees Mrs P Marshall - Trustee The notes form part of these financial statements Page 8 **CHURCH OF CHRIST THE KING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** ## **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 costs 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 asset 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. Page 9 **CHURCH OF CHRIST THE KING** **NOTES TO THE FINANCIAL STATEMENTS - continued** ## **FOR THE YEAR ENDED 31 AUGUST 2022** |**2. INVESTMENT INCOME**
Rents received
**3. OTHER INCOME**
Insurance reclaim|2022

£
295
2022

£
300|2021
£
570| |---|---|---| |||2021
£
-| ## **4. TRUSTEES' REMUNURATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021 ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021 ## **5. STAFF COST** The average monthly number of employees during the year was as follows |Minister
Administration|2022
2021
1
1
1
1
2
2| |---|---| No employees received emoluments in excess of £60,000. Page 10 **CHURCH OF CHRIST THE KING** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
funds
Restricted
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
98,854
100
**Charitable activities**
General activities
6,049
-
Investment income
570
-
105,473
100
**EXPENDITURE ON**
**Charitable activities**
General activities
83,786
50
**NET INCOME**
21,687
50
**RECONCILIATION OF FUNDS**
**Total fund brought forward**
64,644 -
86,331
50
**7. TANGIBLE FIXED ASSETS**
Improvements
Fixtures
Freehold
to
and
property
property
fittings
£
£
£
**COST**
At 1 September 2021
74,000
69,647
24,586
Disposals
-
-
(375)
At 31 August 2022
74,000
69,647
24,211
**DEPRECIATION**
At 1 September 2021
-
27,863
20,314
Charge for the year
-
3,482
406
Disposals
-
-
(375)
At 31 August 2022
-
31,345
20,345
**NET BOOK VALUE**
At 31 August 2022
74,000
38,302
3,866
At 31 August 2021
74,000
41,784
4,272|Total
funds
£
98,954
6,049
570
105,57
3
83,836
21,737
64,644
86,381
Totals
£
168,233
(375)| |---|---| ||167,858| ||48,177
3,888
(375)| ||51,690| ||116,168| ||120,056| Page 11 **CHURCH OF CHRIST THE KING NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** |**8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 11)
Taxation and social security
**10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 11)
**11. LOANS**
Amounts falling due within one year on demand:
Bank loans
Amounts falling due within one and two years:
Bank loans - 1-2 years
Amounts falling due within two and five years:
Bank loans - 2-5 years
**12. MOVEMENT IN FUNDS**
At
1.9.21
£
**Unrestricted funds**
General funds
83,331
**Restricted funds**
Restricted donations
50
**TOTAL FUNDS**
83,381
Net movement in funds, included in the above are as follows:|2022
£
7,185
2022
£
13,348
1,081
4,456
18,885
2022
£
20,737
2022
£
13,348
13,700
7,036
Net
Movement
in funds
£
7,254
(50)
7,204|2021
£
7,580
2021
£
13,600
1,103
7,436
22,139
2021
£
33,834
2021
£
13,600
13,950
33,590
At
31.8.22
£
90,585
-
90,585|2021
£
7,580
2021
£
13,600
1,103
7,436
22,139
2021
£
33,834
2021
£
13,600
13,950
33,590
At
31.8.22
£
90,585
-
90,585| |---|---|---|---| ||||| Page 12 **CHURCH OF CHRIST THE KING** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **12. MOVEMENT IN FUNDS - continued** |**MOVEMENT IN FUNDS - continued**||||| |---|---|---|---|---| ||Incoming|Resources|Movement|| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General funds|107,263|(100,059)||7,204| |**TOTAL FUNDS**|107,263|(100,059)||7,204| |||||| |Comparatives for movement in funds||||| |||Net||| ||At|Movement||At| ||1.9.20|in funds|31.8.21|| ||£|£||£| |**Unrestricted funds**||||| |General funds|61,644|21,687||83,331| |**Restricted funds**||||| |Restricted donations|-|50||50| |**TOTAL FUNDS**|61,644|21,737||83,381| |||||| ||Incoming|Resources|Movement|| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General funds|105,473|(83,786)||21,687| |**Restricted funds**||||| |Restricted donations|100|(50)||50| |**TOTAL FUNDS**|105,573|(83,836)||21,737| A current year 12 months and prior year 12 months combined position is as follows |
**Unrestricted funds**
General funds
**TOTAL FUNDS**|At
1.9.20
£
61,644
61,644|Net
Movement
in funds
£
28,941
28,941|At
31.8.22
£
90,585| |---|---|---|---| ||||90,585| Page 13 ## **CHURCH OF CHRIST THE KING NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **12. 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 funds

**Restricted funds**
Restricted donations
**TOTAL FUNDS**
|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
212,736
(183,845)
28,891
100
(100)
-
212,836
(183,945)
28,891| |---|---| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2022. Page 14 **CHURCH OF CHRIST THE KING DETAILED STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 AUGUST 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Rents received
Other income
Insurance reclaim
**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**|2022
£
91,996

295
300
14,672
107,263
70,699
19,877
3,513
4,518
98,607
1,452
100,059
7,204|2021
£
98,954
570
6,049| |---|---|---| |||105,573
62,801
10,686
4,687
3,972| |||82,146
1,690| |||83,836| |||21,737| This page does not form part of the statutory financial statements Page 15