Registered Charity Number 296943 KINGSHEART CHURCH, ROMFORD Trustees Report and Financial Statements For the year ended 5 April 2024 KINGSHEART CHURCH, ROMFORD Report and accounts Contents Pag• Charity informatton Trustees, Report Statement of Tnjstees. responsibilities Independent Examiner's report Slalemenl of Financial Acts'vities Balance sheel NOleslSchedu￿ to the financial stslements KINGSHEART CHURCH, ROMFORD Charlty Inforniation Trustoes Stephen John Kitchen Remi Okeshola Helen Buuer Independent Ex•mlneT Daniel Dele-0￿ FCCA Timi and Co. charte￿¢j Cethr￿ Accountsnts Unit One Kings Estate Broadway Parade Homchurch RM12 4RS 8ankern Lloyds Bank 25 Gresham Street London EC2V 7HN Principal address 262 Pettits Lane North Romford Essex RM14PJ Rogistsrod charlty number 296943 The Trustees and18ad8rs of KlngsHeart church give thanks for a 8ignificant year having ¢elebrat8d the 40th Anniversary ot KingsHeart church. We have been delighted to welcome now members and our childr8n work has grown signlficanlly. As part ol this years investment into our children's WOTk, the upstairs classroom area has been remod8118d and expanded to now include a much larger room for the $7 year olds. A brand new crecheltoddler araa has been created by building out onto the upstairs landing area. The plans, lire safety and relevant council planning submissions were completed by John Burke and Associates. The new rooms have made a very posslive difference to the children's work. For the second year running, Mrs Carter lod the October boot bash event as an allemative to Halloween for the Rise park ￿MmunIty. We were thrilled lo have so many visitors to the èvent. In August 2023, the church celebrated ts 40th Anniversary. The event was attended by both the current members of the churGh and many past members who travelled from all oveT the UK to join us. The church welcomed ov8r 200 p8ople and we were delighted to have Hugh Osgood joln us and share his thoughts arKI hopes for KingsHeart. C.A.M.E.O {Como and meet each other) outreach group lor the over fifties continues to thrive and has proven lo be oné of thè most well received and attended groups in the Rise park aroa supporting th8 elderfy and lonely. The trustees would like to commend all those from KlngsHeart supporting the group. Other groups meeting at KingsHeart include Singcerty choir led by Tabby Webb. A150 n8w in 2023 is Sing lor Heath, a now group stsrted by Tabby to halp all those suffering with heatth and brèathing difficuhies. Love Beyond also premiered its new concert version at City Galos in Ilford with over 800 people attending. The trustees are pleased to endorse Ihe current vision and values adopted tor the church, and with gratitLSde acknowledg6 the blessing of God on the work. Dated 2nd Jan 2025, Signed by the present Trustees - Stephen Kitchen. Ad8remi Ok8shola aThJ Helen Butler, ststomont of Dlrector8lTru•toes responsibilitios STRUCTUR4 GOVERNANCE AND MANAGEMENT Gov8ming documenl The charty is controlled by ils gov8rning document, a deed of trust, and constitutes an unincorporated charty. TTUStees are selected by the other members of the Trustee Board. New Trust8es are approarhed trom amongst the Churth Membernhip. The TTUStees meel periodicalty in the year to review strategy, pgrformance. operating plans, budgets, building matters and health and safety issues. Charity Law r8quir8S the Trustees to prepare financial stalements for each financial year, which giv8 a true and Iwr view ol the state ol affairs of the Charity and of the surplus or deficff of the Charity for that period. In preparing ihose financial stalements, the Trustees have: Selected suitable accounting poliGies and ap￿led them consistently., Mad8 judgements and estimates that are reasonable and prudent; Prepared the flnancial statements on a going concem basis. Stated whether applicable accounting slandards have been followed subjèct to any material departures disclosed and explained in Ihe financial statements. The Truslegs have overall responsibility for ensuring that the Chanty has appropriate systems ot control, financial and Oth8￿$se. They are also responsible for keetmng proper accounting records, which disclos8 with reasonable accuracy at any time, the financial position of the Charity. They are also résponsible lor safeguarding the assets of the Charity and hence tth'ng reasonable steps for tho prevention and delgclion of fraud and other irregularities and to provide reasonable assurance that: The Charity is operating efficiently and effectively-, Its assets are safeguarded against unaulhorised use or disF)osilion- Proper re¢ords are maintained and financial informalion used within the Charity or lor publication is rellabl6', The Charty complies with relevant laws and regulations. The systems of inlernal ¢onlrol are designed to provlde reasonable, but not absolute, assurance agalnsl materlal mls-statement or loss. They include.. Strat8glc plan and an annual budget approv8d by the Trustees. Regular COn￿deratiOn by the Trustees of financial r85ults and variance from budgets. Delegation of aulhority and segregation of dulles. Idenlilicalion and management of risk. The Truslees have reviewed the adequacy of the Charity s current internal controls and are pleas8d to rèport Ihal Ihé Charity's internai financid controls. in particular. conform to guidelines Issued by the Charity Commission KINGSHEART CHURCH. ROMFORD Indop•nd•nt Examinorf$ R•port to the trustees of tho charlty Report of the Independ•nt Exarnin&r to th• trusto08 on Ihe flTran¢lal 8tstements of the charlty for the ymr ended 05 Aprfl 2024 I report on the financi81 statemnts of KingsHeart Church. Romford for the year ended 05 Aprll 2024, which are sel oul on pages 5 to 10. Re8PeCtlva rosponslblllUg8 of tru8toei •nd examln•r The Charity's trustees are responsible for the preparation of the financial statements. The trustees are satisfied thal the audit requirement of Section 14411) of the Charities Act 2011 (the Acll does not apply, and that there i¥ no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a ¢c)nsequence, the tru5tee$ have elected that the financial statements be subject lo independent ex8minab"on. Havin9 satisfied myself that the charity is not subject to audi( and is eligible for independent examination. it is my responsibility to.. al examine the accounts under section 145 of the Ac( bl lo lollow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the Act,. and; ci to slate whether particular matters have Gome to my attention. Ba818 of oplnlon and 8cope of work und•rtak•n I conducted my examination in accc*dance with the General Directions given by the Charity Commsssionets fof England & Wales in relation to the conducts'ng of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a ¢omparison of the financial statements presented with those ￿cOrdS. It also includes considerat￿￿ of any unusual items or disclosures in the financial statements, and seeking explanations from you as twstees concerning such matters. The purpose of the examination is lo establBh as far as possible that there have been no breaches of the Charil¢es legislation and that the financial statements comply with the SORP, on a 1851 basis, of evidence relevant to the arnounts and dixlosures in the financial statements. Ind9pend•nt Ex•mingrf$ Stat•m•nt. rnport and oplnion In connection with my examination, no matter has come to my att8ntion.- which gives me reasonable cause to believe that in any m*erial respect the requirements.. lil to keep ac¢ounling fecords in xcordance wilh section 388 of the Companie5 Art 2006,. and lill to prepare financial ststements wh￿h acrJ)rd with the accounting records and compty with the accoLtnb'ng fequirements of seth'on 396 of the COmpan￿S Act 2006.. and liiil that the financial statements be prepared in accordance with the methods and princip￿S sel in the Statement of Recomm8nded Pr3di¢e - Accounbng and Reporting by Charities have not been met,. or to which. in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be rea¢hod. Daniel Dole-ojo FCCA Timi and Co., Chartered Certthéd Accountants. Unil One, Kings Eslate, Broadway Parade, Horn¢hurGh RM12 4RS The date upon which my opinion is expressed is on 2nd January 2025. KINGSHEART CHURCH. ROMFQRD ststsment of Financlal Activiti68 for th• year èndod S April 2024 Nots8 Unre¥trlctad RoBtrt¢¢•d Fwids FuDds Totsl Fund8 L•Bt Year Total Fund• 2024 2024 2024 2023 Incomlng rnsourcos Ineomlng resoure8s from gon•rnt8dfunds Voluntsry Income Other in¢omg 71.103 2,427 73.530 66.4(K> 729 T¢)tal Incomlng ro•oU￿* 71.103 2A27 73.530 67.129 Costs ofgenernllftg funds Costs of generating vtsluntary inc4)m Costs of ¢h•rlt4bl• activilles Governance costs 8,143 81,274 1.250 10.849 81,447 1.250 14.528 72.872 1.250 173 Total re80urco8 expended S,867 2.879 93.548 88.648 Not outyoing rosour¢88 before transf¥rn ￿t￿O•n fvnd8 119,5641 14521 120,0161 121.5191 Net outgoing re8ourc08 bgfore othgr recognlsod gain8 and 108008 119,5641 14521 120.0161 121.5191 Net movement In fund8 119,5841 14521 120,0161 121.5191 Tot•1 fiinds brought forwaffl 579,962 10.435 590.417 811.936 Totsl Fund8 carrled lorword $60N18 9,083 Iohol 690N17 KINGSHEART CHURCH, ROMFORD Balancè Sh•ot as at S Apfll 2024 2024 2023 The assets and Ilabllltles of th• c￿rtty.. Tangible assets Tot•1 fix•dass•ts 504,904 504,904 Debtors Cash at bank and in hand Total curnt assots 2,582 853 86.851 87.704 88,650 amounts due ¥￿thin one year 13,1531 12,191} N•¢ cUrr￿t ass•ts 65.497 85.513 Tot•lass•ts l•u currertll•bllitle8 570,401 s￿,417 Not a88•ts Th fuftds ofthe ch•rty.' Unrnstrlctsd Incomg funds Unrestricted revenue a¢1￿mUla￿d funds 580.418 579,982 Totsl unre8trl¢t8d fund• 560,418 579,982 R&stri¢ted fund$ 9.983 10.435 Totsl rn8trl¢tod funds 9,983 10.435 Total ¢harlty fund6 570.401 590,417 dtL& Stopl￿n Klt¢h•n Tru¥t Approv8d ty thg boArd 0ftrust￿ on 2 Jart￿ry 2026 Remi Oh￿hold H•l•n Butler KINGSHEART CHURCH, ROMFORD No Fin ncial Statements for the ear ended 05 A ril 20 1. ACCOUNTING POLICIES Aeeountlng conventi¢)n The financial StalerT￿lS have been prepared in accordanee w¢th the Financial Reporb'ng Stsnd8rd for Smaller Entities IFRSSEI, effethe ￿1 2CQB. and all olher applicable aw)untiThJ 61andard5, a5 modified by the Stalernenl of Recommended Prac*icè for Accounting and Reporting i&wed by the Ch8rity commissio￿r$ for England & Wales, {revi58d Jun• 2CIJ81. In¢omlng rgwurc All ￿nCoMing resource8 are induded on the Statement of Finanaal Activthe8 wh•n the tharity is legamy gntrfied to the income, and thg aMc￿nI can be quantifiod wrth rea80nable aeLUrnCy. Re$oure•• •xp•rKled Expenditure is accounted for on an accruals basi8 8nd has been classified under headings that aggreg81* all cost rèlatéd to tho category. Whefè Costs cannol be diT&Ct￿ attributed to partiujkr headings, they have been allocAt¢d to activitses on 8 b8ws wslslont wilh the of r•source8. Taxotlon The charity o exempl from tsx on its ¢harit8lXe ath￿e8. Fund accounting Unrestricted fvnd6 Can bo u$8d in acLordan¢x with th8 charitable objediv8s at the diBcrdion of the trustees. ReslrKted fuNls can only be used for parti0j1￿ restricted purposes within the objocts ofthe charity. Reslrith"ons arise when Speci￿d by the doTh)r or when fijnds are rais￿1 for p8rticylar restricled puoos8S. Further explanalion of thè naturo and purpose of eath fuThJ Is induded in the notes to the fin8fiCK41 statements. 2. TRUSTEES, REMUNERATION AND BENEFITS There were no trL*tee8' remunèration or other berth for the year end&J 05 April 2024 nor for the ygor en¢Jed 05 ApTiI 2023. Trust•￿, Expon There were no trustees, exwn8&8 PAtd netther IOT the year gndad OS April 2024 nor for thè yearended 05 April 2023. KINGSHEART CHURCH, ROMFORD Schedule to thg Ststement of Flnan¢ial Actlvitl•• for tho year ended S April 2024 Ststus of thls •chodul• to the Statem•nt of Flnancl81 A¢tlvltss The 8chedules on the following pages a￿ required by the di8cIosufe r￿u￿rementS of the Statement ol Recommended Practtce for Accounts'ng arkd Reporting issuod by the Charity Comm*55ioners for England & Wales. effective January 2019. As SLKh. tw 1￿M a part of the a¢c￿nIS requi￿3 by the Ch8ri1ies IAccourts and Reports). Unrestrfcted R•strldod Totsl Funds Funds Funds 2024 2024 2024 Prlor Perlod Total Fundg 2023 3 Incoming Resources Voluntsry Income Gift Aid Redaimed Giving (Other) Giving (via Stewardship) Giving (via CP)urch offerirvJ) Giving (via Goodboxl Total Total Donatlons Ro￿lVed 7.943 7.982 44,932 8,424 1,822 71,103 71,103 327 500 1,600 8,270 8.482 46,532 8,424 1,822 73,530 73.530 7,158 9,466 41,414 8,382 2N27 2.427 66.400 Total Voluntary Income Actlvltles for generatlng funds 71.103 2.427 73,$30 66.400 4 Other Income Total of actlvltleg for generatlng funds 729 729 Total Incoming Resourcos 71,103 2.427 73,530 67,129 5 Costs of g•noratlng voluntary Incom8 Ministy 3,400 2.708 2,706 6.1C 6,106 14.528 14,626 SUPP￿ costs forgonornfjng volunt•ry ift￿ Event consumables 4.743 4,743 4,743 10.849 Total ¢o•l• of g•n•ratlny voluntary Incom? 8.143 2.706 14.526 6 Charltable expenditure Costs of actlvlll•s In furthorance of the ch4rfty¥ obJ8eUvos Art & Deslgn 135 135 136 158 158 135 Supportcosts of ch•rh•bl• actlvld•s In support of charltal)le aclfvhlos KINGSHEART CHURCH. ROMFORD Schedule to the Ststement of Flnanclal Actlvltlès for the yoar ended 5 Aprfl 2024 Slatug of th18 schedule to the Statemort of Flnanclal ktlvltle• The ￿hedUleS on the followng pages are requirod by th8 disdosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commi88ioners fof England & Wales, effethve January 2019. A8 Such. trley fcmi 8 part of the accounts requlred by the c￿1198 {Accounts and Reports). Unrestrlctsd Restrlct•d Totsl Funds Funds Funds 2024 2024 2024 Prlor Ptrfod Total Fund8 2023 Slttff costs In support of chorltable acllvltlos Salaries- Administrative staff Pension Contributions- administraiive staff Employer3, Nl- Adminislth"ve staff 18.464 24 436 18.464 24 436 19,574 48e 18,924 18.924 Decoration InSUra￿e 10,537 3.235 1,500 4,823 2,937 1,019 755 3,203 28,011 4,922 3.250 2.226 3.203 28,011 4,922 3,250 2,226 Building work costs Light and heat Clèaning Premises ￿paIrS and renewal8 Furniture Fixtures afid fittings Tea, Coffee, Milk & Related 33 8,828 279 41009 33,913 Telephone and inlemgt Postage, stationery and printing Food 889 334 334 45 1,362 1,727 753 2.158 3.893 635 2,158 3,893 635 Youth Group SubscriplionB Equlpm$nt 9x￿n$6$ Trainings I Seminars Sofvare Health and safety Liconce$ an(J Pern)its 2,668 567 2.668 $67 2.488 734 1,497 735 1.803 1,355 813 173 1.976 1.355 813 Office IAdmin 13 13 5,065 Gifts Bank charg8S General expenses S,(￿5 S.270 14 14 793 20.206 173 17.141 Accountancy faas other than 8x8mingrslauditors 1,450 KINGSHEART CHURCH, ROMFORD Schedule to the Statement of Flnancial Actlvlti for the year endod 6 Aprll 2024 Status of Ihls 8¢hedu19 to tho St•t8m•nl ol Flnanckl ActlvStlgS The schedules on the fo1th￿ng pagos are required by the disdosure requirements of the Statement of Recommended Practice for Accounting and ReF*Nh'ng issued by the Charity Commtssioners for EnglarKI & Wales, effective January 2019. As such. they fom a part of the accounts rewlred by the Charittes (Accounts 8n(l RgP)rtsl. Unrostrl¢tsd R•strfct•d Total Funds Funds Funds 2024 2024 2024 Prlor Perlod Total Funds 2023 Flne8 & Penalts'es 150 1,600 Total Support costs 81.139 173 81,312 72.714 Support costs forgrants pald Total Expended on Charltsbl? A¢tlvltlo¥ 81,274 173 81,447 72.872 T Govemance costs that are not diTrect m8n8gèmént fvnetlons Inhor•nt In génerating funds, serylce dellvory andprogrammè orproject wo Speclllc governanc• costs IrKlèpendent Ex8min8rf8 Fe88 1,250 1,250 1,250 Total govemance costs 1,250 1,250 10