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2023-08-31-accounts

REGISTERED CHARITY NUMBER: 294196

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CHURCH OF CHRIST THE KING

Keswick Accountancy Limited Chartered Certified Accountants 16 Hawkwood Maidstone Kent ME16 0JQ

1

CHURCH OF CHRIST HE KING CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Page
Report of the Trustees 3 to7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11to16
Detailed Statement of Financial Activities 17

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING

FOR THE YEAR ENDED 31 AUGUST 2023

The Trustees present their reports with the financial statements of the Charity for the year ended 31[st ] August 2023. 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.

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.

During the morning meeting a cheche area is available for ages 0 – 4 and separate classes are run for Junior Church (ages 5- 11) and Youth (ages 11-17) all staffed by volunteers.

In April 2023, a team from European School of Supernatural Life (ESSL) based in Eastgate Church, Northfleet, visited the church for a full Sunday of teaching and prayer and prophetic ministry.

An evening bible study and worship group runs every two weeks on a Tuesday at 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.

Running weekly Sunday and mid-week gatherings and social events.

Youth Work

A Youth Group is run every other Wednesday for 11 – 18 year-olds attended by around 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.

Grant Making

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 leader, one part time leader and one part time pastoral assistant, all activities are staffed by volunteers from the Church membership.

ACHIEVEMENT AND PERFORMANCE

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING

FOR THE YEAR ENDED 31 AUGUST 2023

Employment

For the past few years, Jamie and Rachel Lee along with other members of the church, have been working with Eastgate church, Northfleet on a number of 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.

Living Fire provided a grant from April 2021 to March 2023 to release Jamie Lee and Rachel Lee to work for one day a week 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.

In April 2023 the Grant was discontinued, however Jamie and Rachel have continued to support the work of Living Fire.

Mission, Pastoral and Evangelism

Midweek community and support group, run by volunteers are places where friendship, encouragement and support are provided. The following are some of the groups that have run through the year:

In July 2023 a trip to the beach was arranged, attended by over 40 people.

Between April and July 2023 preparations were made for the opening a community café “Coffee Junction” on Friday lunch times in the building. The café was registered with the council and following an inspection, was awarded a “5” Cleanliness rating. The café opened in September 2023 offering free tea, coffee, and cakes to anyone from the local area.

Grant Making

Grants were made to:

Other Activities

Repair and upkeep to the building owned by the Charity where many 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

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING

FOR THE YEAR ENDED 31 AUGUST 2023

The Charity seeks to hold reserves of £15,000 to cover essential expenditure over a three-month period (e.g. Salaries, utilities, building loan repayments etc)

Funds in deficit

No funds are materially in deficit.

Church Finances

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 Living Fire Grant coming to an end in 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

This adjustment meant income and expenditure was in balance from April 2023.

In October 2023 the Trustees agreed that the reduction in Jamie’s income from April 2023, should be repaid as funds allow. A formula for payment of the back pay was agreed with the Trustees and the Treasurer, which shared any excess income for each month between increasing the churches reserve (which had fallen below the desired level) and paying the back pay. Due to receipt of a number of gifts, it is expected was possible to pay Jamie’s salary in full up until March 2024 with the reserve being at around £101,000 as at 31 August 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

Monthly donations have been made to STEPs, a charity offering courses to help people break free of unhelpful behaviour patterns.

Expenditure on mortgage repayments and upkeep of the building where the majority of the Charity’s activities take place.

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 1st December 1985

Recruitment and appointment of new Trustees

Trustees are selected and appointed by the church leaders. A Trustee will be a committed member of the church who adheres to the “Statement of Faith” contained within the 4th schedule of the “Declaration of Trust” and whose life and actions are consistent with the “objects and purposes” of the Charity.

STRUCTURE GOVERNANCE AND MANAGEMENT (continued)

Induction and training of new Trustees

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING

FOR THE YEAR ENDED 31 AUGUST 2023

New Trustees are supplied with a copy of the governing document and the Charities Commission document CC3 ‘The Essential Trustee’. An induction session with a Leader 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 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 Leaders. 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 Timothy Endersby – Chair Mrs Piia Marshall Ms Remi Gberbo (resigned 31st December 2022) Ms Tracy Ofeosi (appointed 5th June 2023) Ms Hople Thane (appointed 5th June 2023) Independent examiner Keswick Accountancy Limited Chartered Certified Accountants 16 Hawkwood Maidstone Kent ME16 0JQ

Approved by the Board of Trustees on 17[th] June 2024 and signed on its behalf by:

T M Endersby – Chair of Trustees

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING

FOR THE YEAR ENDED 31 AUGUST 2023

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 2023.

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH OF CHRIST THE KING

FOR THE YEAR ENDED 31 AUGUST 2023

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

28 June 2024

Page 8

CHURCH OF CHRIST THE KING

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
90,897
Charitable activities
General activities
8,775
Investment income
2
2,115
Other income
3
-
101,787
EXPENDITURE ON
Charitable activities
General activities
90,862
NET INCOME
11,296
RECONCILIATION OF FUNDS
Total fund brought forward
90,585
101,881		 Restricted
funds
£
371
-
-
-
371
-
-
-
-		 2023
Total
funds
£
91,268
8,775
2,115
300
102,158
90,862
11,296
90,585
101,881		 2022
Total
funds
£s
91,996
14,672
295
300
107,263
100,059
7,204
83,381
90,585

The notes form part of these financial statements

Page 9

CHURCH OF CHRIST THE KING

BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
112,366
CURRENT ASSETS
Debtors
8
7,189
Cash at bank and in hand
8,413
15,602
CREDITORS
Amounts falling due within one year
9
(18,801)
General activities
(18,801)
TOTAL ASSETS LESS CURRENT
LIABILITIES
109,167
CREDITORS
Amounts falling due within one year
10
(7,286)
101,881
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
-
-		 2023
Total
funds
£
112,366
7,189
8,413
15,602
(18,801)
(18,801)
109,167
(7,286)
101,881
101,881
-
101,881		 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

The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2024 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 10

CHURCH OF CHRIST THE KING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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 havebeen 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 beenallocated 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 11

CHURCH OF CHRIST THE KING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

2. INVESTMENT INCOME

Rents received

2023 2022 £ £ 2,115 295

3. OTHER INCOME

Insurance reclaim

2023 2022 £ £ - 300

4. TRUSTEES' REMUNURATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022

5. STAFF COST

The average monthly number of employees during the year was as follows

2023 2022
Minister 1 1
Administration 2 1
3 2

No employees received emoluments in excess of £60,000.

Page 12

CHURCH OF CHRIST THE KING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
Restricted
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
91,996
-
Charitable activities
General activities
14,672
-
Investment income
295
-
Investment income
300
-
107,263
-
EXPENDITURE ON
Charitable activities
General activities
100,059
-
NET INCOME
7,204
-
RECONCILIATION OF FUNDS
Total fund brought forward
86,381
-
90,585
-
TANGIBLE FIXED ASSETS
Improvements
Fixtures
Freehold
to
and
property
property
fittings
£
£
£
COST
At 1 September 2022
74,000
69,647
24,211
Disposals
-
-
-
At 31 August 2023
74,000
69,647
24,211
DEPRECIATION
At 1 September 2022
-
31,345
20,345
Charge for the year
-
3,482
320
Disposals
-
-
-
At 31 August 2023
-
34,827
20,665
NET BOOK VALUE
At 31 August 2023
74,000
34,820
3,546
At 31 August 2022
74,000
38,302
8,866		 Total
funds
£
91,996
14,672
295
300		 Total
funds
£
91,996
14,672
295
300
107,263
100,059
7,204
86,381
90,585
Totals
£
167,858
-
167,858
51,690
3,802
-
55,492
112,366
116,168

7. TANGIBLE FIXED ASSETS

Page 13

CHURCH OF CHRIST THE KING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

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
1.9.22
£
Unrestricted funds
General funds
90,585
Restricted funds
Restricted donations
-
TOTAL FUNDS
90,585
Net movement in funds, included in the above are as follows:		 2023
£
7,189
2023
£
13,240
1,291
4,270
18,801
2023
£
20,526
2023
£
13,240
13,490
7,036
Net
Movement
in funds
£
11,296
-
11,296		 2022
£
7,185		 2022
£
7,185
2022
£
13,348
1,081
4,456
18,885
2022
£
20,737
2022
£
13,348
13,700
7,036
At
31.8.23
£
101,881
-
101,881

Page 14

CHURCH OF CHRIST THE KING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

12. MOVEMENT IN FUNDS - continued

Incoming Resources Resources Movement Movement
resources expended in funds
£ £ £
Unrestricted funds
General funds 102,158 (90,862) 11,296
TOTAL FUNDS 102,158 (90,862) 11,296
Comparatives for movement in funds
Net
At Movement At
1.9.21 in funds 31.8.22
£ £ £
Unrestricted funds
General funds 83,331 7,254 90,585
Restricted funds
Restricted donations 50 (50) -
TOTAL FUNDS 83,381 7,204 90,585
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General funds 107,213 (100,009) 7,204
Restricted funds
Restricted donations 50 (50) -
TOTAL FUNDS 107,263 (100,059) 7,204

A current year 12 months and prior year 12 months combined position is as follows

Unrestricted funds
General funds
TOTAL FUNDS		 At
1.9.21
£
83,381
83,381		 Net
Movement
in funds
£
19,699
19,699		 At
31.8.23
£
103,080
103,080

Page 15

CHURCH OF CHRIST THE KING NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

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:

above are as follows:
Unrestricted funds
General funds
Restricted funds
Restricted donations
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
209,422
(190,922)
18,500
-
-
-
209,422
(190,922)
18,500
18,500

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.

Page 16

CHURCH OF CHRIST THE KING DETAILED STATEMENT OF FINANCIAL A CTI VI TES FOR THE YEAR ENDED 31 AUGUST 2023

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		 2023
£
91,268
2,115
-
8,775
102,158
63,687
17,575
3,802
3,990
89,054
1,808
90,862
11,296		 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

This page does not form part of the statutory financial statements

Page 17