2021-03-31-accounts

Charity Registration Number: 512642

King's Church, Wirral

Financial Statements

for the year ended 31st March, 2021

Page 1

King’s Church, Wirral

Contents

	Page
Legal and Administrative Information	2
Trustees’ Report	3-5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
NotestotheFinancialStatements	9-15

Page 2

King’s Church, Wirral

Charity Information

Charity Name:	King's Church, Wirral
Charity Registration Number:	512642
Governing Document:	Declaration ofTrust dated 28th April, 1982, as amended on 17th June, 1991
	The Trustees are incorporated as a body.
Principal Business Address:	1 Victoria Fields
	Birkenhead
	Wirral
	Merseyside CH42 OPF
Trustees:	M. A, McGrath
	C. Orr
	Ms S. P. Pearson
	(. S. Roberts
	G Duffield (from 09/10/21)
independent Examiner:	Paul Collins F.C.A.
	Collins & Co
	Chartered Accountants
	Suite 13 Hattersley House
	1 HattersleyCourt
	Ormskirk
	Lancs L39 2AY
Bankers:	NatWest Bank pic
	West Kirby
	Liverpool Customer Service Centre
	Stevenson Way, Wavertree
	Liverpool L1i3 INW
Solicitors:	PerceyHughes& Roberts
	19 Hamilton Square
	Birkenhead
	WirralCH416AY

Page 3

King's Church, Wirral

Trustees’ Report for the year ended 31st March, 2021

The trustees present their annual report and the financial statements for the year ended 31st March, 2021.

Reference and administrative details

The details are set out on page 2.

Trustees

The trustees who served during the year are as stated below:

M. A. McGrath

C. Orr

Ms S. P. Pearson

1. S. Roberts

Structure, Governance and Management Governing document

The charity is an unincorporated charity governed by its Declaration of Trust dated 28th April, 1982, as amended on 17th June, 1991. It is registered as a charity with the Charity Commission.

Appointment of trustees

The trustees of the charity, under the charity's trust Deed, are known as the trustees. Under the requirements of the Trust Deed, the Trustees are eligible to appoint additional trustees from amongst the Church's membership.

Trustee induction and training

New trustees meet with the existing trustees to brief them on their legal obligations under charity law, the content of the Trust Deed, the trustees and decision making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisation

The board of trustees, which must have a minimum of 3 members, administers the charity. The board meets regularly through the year to review strategy, performance, operating plans, budgets and building matters.

Risk management

The trustees have a risk management strategy which includes:

• an annual review of the risks the charity may face;

• ~ the establishment of systems and procedures to mitigate those risks identified in the plan; and ~ the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

• implementation and annual review of the child protection policy and guidelines;

• ongoing review of compliance with Disability Discrimination Act;

• ~ development and implementation of other risk management procedures including health and safety and fire safety;

• a financial reserves policy;

• an investment policy.

Objective and activities

The objects of the charity are:

• the advancement of the Christian faith and the worship of God.

• ~ the relief of persons who are in conditions of need, hardship or distress, or who are aged and sick.

• the advancement of education on the basis of Christian principles and the worship of God.

Page 4

King’s Church, Wirral

Trustees’ Report for the year ended 31st March, 2021 (continued)

Objective and activities (continued)

When planning our activities for the year, the trustees gave consideration to the Charity Commission's guidance on public benefit and, in particular, the specific guidance to charities concerned with the advancement of religion.

The activities undertaken by the Church to further its objectives were:

• conducting meetings

• running community projects

• organising activities and groups

• working closely with other Christian organisations.

Volunteers

The charity is grateful for the commitment of its volunteers who are involved in all aspects of the charity's operaiions.

Achievements and performance during the year

As Senior Leader and Chairman of the Trustees my report for this financial year will be brief.

Due to the COVID pandemic that has swept throughout the world the church has had an unprecedented year.

We have not been able to meet at the church building and some of our activities have, instead, been happening online. We have been hosting live meetings via Zoom and publishing our teaching via YouTube and Facebook.

Community projects like the Cafe and Parent & Toddfer groups have been postponed and community fun days cancelled.

During this time of lockdown and general uncertainty of when we would be able to use the building safely, the Trustees took the decision to refurbish the building. The scale of the work could not have been carried out during normal usage.

This work has been made possible through the generosity of our church members who have given big-heartedly to the project.

The building itself has been decorated and modernised to a very good standard throughout and works are still ongoing.

Financial Review

Results for the year

The results for the year are set out on page 7.

Grant making policy

The trustees make payments on a case by case basis .

Investment powers and policy

Under ithe Trust Deed, the charity has the power to invest in any way the trustees wish.

Reserves policy

The trustees have established the leve! of reserves (that is those funds that are freely available) that the charity ought to have, which is equal to twelve months’ of normal unrestricted expenditure. Reserves are needed to even out any short term funding gaps between spending and the related Income. The trusiees therefore consider that the ideal level of reserves as at 31st March 2021 would be £85,000 (2020: £122,000),

Page 5

King’s Church, Wirral

Trustees' Report for the year ended 31st March, 2021 (continued)

Reserves policy (continued)

The actual reserves at 31st March 2021 were £49,654 (2020: £42,497), which is £35,346 (2020: £79,503) short of our target figure of £85,000 (2019: £120,000). In calculating reserves, the trustees have excluded from total funds, restricted income funds (£4,420) and tangible fixed assets (£85,405). We, therefore, will be examining ways to increase the level of reserves in the coming year.

Plans for future periods

We will commence our activities at our building as soon as it is safe to do so and refurbishment works allow.

In addition to live services, we will continue to publish our teaching on YouTube and Facebook.

We will be exploring the possibility of hiring out rooms in the newly refurbished building.

We continue to support other charities such as MacMillan Cancer Support, Wirral Foodbank, Local Womens Refuge, Pink Box Campaign, Baby Basics, Youth For Christ, Safe Families, Leprosy Mission, sponsoring children through the charity Compassion and ongoing support of the Tender Heart Ministry in India.

We are dedicated to the ongoing mission of sharing the good news of Jesus Christ to our locality, strengthening the church, and supporting ministries and charities both home and abroad.

Trustees’ responsibilities in relation to the financial statements

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its surplus or deficit for that year. In preparing those financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Board of Trustees on 28th November 2021 and signed on its behaif by:

C. Orr Chairman

Page 6

King's Church, Wirral

Independent Examiner’s Report to the Trustees of King's Church, Wirral

| report to the trustees on my examination of the accounts of the Trust for the year ended 31st March, 2021 which are set out on pages 7 to 15.

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).

1 report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

independent Examiner's Statement

{ have completed my examination. | can confirm that no material matters have come to my attention in connection with my 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.

| 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.

Paul Collins F.C.A. Collins & Co Chartered Accountants Suite 13 Hattersley House Ormskirk Lancs L393 2AY 28th November 2021

Page 7

King’s Church, Wirral

Statement of Financial Activities for the year ended 31st March, 2021

	Unrestricted	Unrestricted	Restricted	TOTAL	FUNDS
		Funds	Funds	2021	2020
	Note	£	£	£	£
INCOME FROM:
Donations and Legacies	2	88,892	21,001	109,893	107,973
Other trading activities	3	605	0	605	12,092
Investments	4	0	0	0	0
Charitable activities	5	0	0	0	6,507
Other income	6	ie)	0	0	0
TOTAL INCOME		89,497	21,001	110,498	126,572
EXPENDITURE ON:
Raising funds	7	0	0	0	Q
Charitable activities	8	85,184	17,390	402,574	429,934
TOTAL EXPENDITURE		85,184	17,390	102,574	129,934
NET (EXPENDITURE)VINCOME		4,313	3,611	7,924	(3,362)
TRANSFERS BETWEEN FUNDS		0	0	0	0
NET MOVEMENT IN FUNDS		4,313	3,611	7,924	(3,362)
RECONCILIATION OF FUNDS
Total funds brought forward at 1st April, 2020		430,746	809	131,555	434,917
Totalfundscarriedforwardat31stMarch,20214		135,059	4,420	139,479	131,555

The notes on pages 9 to 15 form part of these accounts.

Page 8

King's Church, Wirral

Balance Sheet at 3ist March, 2021

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2021|2020| |Note|£|£| |FIXED|ASSETS| |Tangible|fixed|assets|11|85,405|88,249| |CURRENT|ASSETS| |Debtors|12|13,852|16,870| |Cash|at|bank|and|in|hand|42,631|29,533| |Total|current|assets|56,483|46,403| |CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR|13|2,409|3,097| |NET CURRENT ASSETS|54,074|43,306| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|139,479|131,555| |CREDITORS:|AMOUNTS|FALLING|DUE|AFTER|MORE|THAN|ONE| |YEAR|0|0| |TOTAL|NET ASSETS|139,479|431,555| |THE|FUNDS OF|THE|CHARITY|14| |Unrestricted|135,059|430,746| |Restricted|4,420|809| |Total|charity funds|139,479|431,555|

----- End of picture text -----

Approved by the Board of Trustees on 28th November 2021 and signed on its.behalf by:

C. Orr M. A. McGrath

The notes on pages 9 to 15 form part of these accounts.

Page 9

King's Church, Wirra!

Notes to the Financial Statements

for the year ended 31st March, 2021

1 Accounting policies

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2015 FRS 102) and applicable UK Accounting Standards.

Funds

General funds represent the funds of the charity that ara not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. Funds designated for a particular purpose by the trustees are also unrestricted.

Restricted funds are funds subject to specific conditions imposed by the donors or through the terms of an appeal.

Transfers of funds are made to recognise the release of restricted funds or to meet expenditure not covered by restricted income.

The accounis include all transactions, assets and liabilities for which the charity is held responsible in law. They do not include the accounts of groups that owe their main affiliation to another body.

income

Donations and legacies

Voluntary income received by way of grants, donations and gifts is included in the Statement of Financial Activities in the year in which it is received by or on behalf of the charity. Grants, where entitternent is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

The charity received substantial amounts of voluntary help from its supporters, but no attempt is made to place a financial value on these services and they have not been included.

Grants receivable

Grants are credited to the Statement of Financial Activities in the year in which they are receivable.

Other income

Rental income from the Jetting of the charity's premises is recognised when the rental ts due.

Income from investments

Dividends and interest are accounted for when due and payable. interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting period.

Gains and losses on investments

Realised gains or losses are recognised when invesiments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st March.

Volunteers

No amounts are included in the financial statements for services donated by volunteers.

Page 10

King's Church, Wirral

Notes to the Financial Statements

for the year ended 31st March, 2021 (continued)

1 Accounting policies (cont.)

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the charity.

Raising funds

All expenses relating to fundraising, publicity, public relations and investment management charges are charged to this heading.

Charitable activities

Charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Tangible fixed assets and depreciation

----- Start of picture text -----
||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Depreciation|is|provided|at|rates|calculated|to|write|off the|cost|less|residual|value|of each|asset|over|its|expected| |useful|life,|as|follows:| |Freehold|leasehold|land|and|buildings|-|2%|on|cost|(or|valuation)| |Fixtures|&|fittings|-|20%|reducing|balance| |Musical|equipment|-|20%|reducing|balance| |All|equipment,|fixtures|and|fittings|with|an|original|cost|of|less|than|£500,|are|written|off|in|the|year|in|which|the| |expenditure was|incurred|on|the|basis|that|due|to|the|nature|of the|charity's|activities,|there|is|no|expectation|that| |the|cost|of the|assets|will|be|recovered|in|the way of future|revenues.|

----- End of picture text -----

investments

investments are valued at market value at 3ist March. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Current Assets

Amounts owing to the charity at 34st March in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit at the bank.

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income and expenditure account as incurred.

Contingent Liabillties and Provisions

In accordance with the SORP, a contingent liability is disclosed for those grants, which do not represent liabilities, where the possible obligation, which arises from past events, will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees’ control. Provisions are recognised for those grants where there is uncertainty as to the timing or amount, and any uncertainty regarding the amount is more than one of determining a basis for reasonable estimation of the liability arising from that constructive obligation.

Page 71

King's Church, Wirral

Notes to the Financial Statements

for the year ended 31st March, 2021 (continued)

1 Accounting policies (cont.)

Charitable status and taxation

As a registered charity, the charity benefits from rates’ relief and is generally exempt from income tax and corporation tax. The charity is not registered for value added tax.

		Unrestricted	Unrestricted	Restricted	TOTAL	Unrestricted	Restricted	TOTAL
		Funds		Funds	2021	Funds	Funds	2020
			£	£	£	£	£	£
2	Donations and Legacies
	Planned Giving:
	Gift Aid donations		59,774	0	59,774	53,188	0	53,188
	Income Tax recoverable		41,612	0	11,612	18,598	0	18,598
	Collections (open plate) at alt services		17,506	0	17,506	32,710	2,495	35,205
	CJURS Grants		0	8,414	8,414	0	0	0
	Donations		)	12,587	42,587	0	982	982
		~88,892		—21,001	169,893	104,496	3477	107,973
3	Othertrading activities
	PA equipment sales		0	0	0	125	0	125
	Funday and Fundraising		29	0	29	3,118	0	3,118
	Rent receivable from church premises		576	0	576	8,849	0	8,849
			605	0	605	42,092	0	412,092
4	Investments
	Dividends and interest (including any
	reclaimed tax):
	- on cash deposits		0	0	0	0	0	0
			6)	0	0	0	0	0
5	Charitable activities
	Qutreach Income		0	0	0	1,658	0	1,658
	King's Cafe and community catering		0	0	0	4,849	0	4,849
		—	oO	—0	—0	—6507	~O	76507
6	Other income
	Sales of assets		0	0	0	0	0	0
		I			Sve ©	©	EE ©	©
7	Raising funds
	GivingEnvelopes		0	0	0	0	0	0

Page 12

King's Church, Wirral

Notes to the Financial Statements for the year ended 31st March, 2021 (continued)

		Unrestricted	Restricted	TOTAL	Unrestricted	Restricted	TOTAL
		Funds	Funds	2021	Funds	Funds	2020
		£	£	£	£	£	£
8	Charitable activities
	Missionary& charitable giving:
	Pidugu	4,800	0	4,800	8}	3,360	3,360
	A. Smith	3,000	0	3,000	3,000	0	3,000
	Together for the Harvest	300	0	300	300	0	300
	Wirral Youth for Christ	360	0	360	360	0	360
	Sundries	133	295	428	230	2,874	3,104
		8,593	295	8,888	3,890	6,234	10,124
	Ministry:
	Pasior's expenses		0	0		0	0
	Costs ofservices	298	0	298	84	0	84
	Wages and salaries	51,006	8,414	53,420	67,908	0	67,908
	Employers pension costs	1,732	0	1,732	4,407	0	1,407
	Church costs:
	Water charges	165	0	165	187	0	187
	insurance	2,749	0	2,749	2,723	0	2,723
	Heatand fight	6,350	0	6,350	10,866	0	10,866
	Repairs and maintenance	ie)	8,681	8,681	3,792	1,399	5,194
	Cleaning and waste disposal	69	0	69	805	0	805
	Sunday school, King's Kids& Youth Work	348	0	348	350	0	350
	Bank charges	558	0	558	855		855
	Website costs	4,221	0	1,221	486	0	486
	Catering	24	0	24	853	0	853
	Licences	899	0	899	867	0	867
	ComputerCosts	47	0	47	110	0	410
	Gifts	105	0	105	33	0	33
	King's Café and communitycatering	0	0	0	6,070	0	6,070
	Outreach costs	44	0	44	3,780	0	3,780
	PA equipment	24	0	24	19	0	19
	Printing, postage and stationery	512	0	512	236	0	236
	Hire ofequipment	2,914	0	2,914	2,914	0	2,914
	Telephone	1,708	0	1,708	1,815	0	1,815
	Oversight & training fees	0	0	0	5,199	0	5,199
	Independent examination	4,200	0	1,200	1,200	0	7,200
	Sundries	4,774	0	4,774	3,008	0	3,008
	Depreciation on land & buildings	2,844	0	2,844	2,844	0	2,844
		85,184	17,390	102,574	722,301	7,633	129,934

Page 13

King’s Church, Wirral

Notes to the Financial Statements

for the year ended 31st March, 2021 (continued)

9	Net income	2021	2020
		£	£
	Net income is stated after charging:
	Depreciation oftangible fixed assets	2,844	2,844
	Profit/(loss) on disposal offixed assets	0	0
	Staff costs (see note 10)	61,152	69,315
	independent Examination	1,200	1,200
10	StaffCosts	2021	2020
		£	£
	Wages and Salaries	59,420	67,908
	Pension cosis	1,732	1,407
		61,152	69,345

The average number of full-time equivalent employees (including casual and part-time staff) employed by the charity during the year was as follows:

the charity during the year waswas as follows:
	2021		2020
Selfemployed pastor		4		4
Management & Administration		1		4
		2		2

During the year the charity employed members of staff as detailed above. None (2020: None) of whom earned more than £60,000 p.a. One of the trustees (Mr C. Orr, and his wife) received £35,000 fees/remuneration (2020: £42,146) during the year. Mr Orr was also reimbursed working expenses of office of ENIL (2020: £123) for the year. There were no other discloseable transactions in respect of trustees, persons closely connected with them or other related parties.

11 Tangible Fixed Assets

	Freehold land	Fixtures &	Musical
	& buildings	fittings	equipment	Total
	£	£	£	£
COST OR VALUATION
At 1st April, 2020	142,213	23,858	14,473	180,544
Additions	0	0	0	0
At 31st March, 2021	142,213	23,858	14,473	180,544
DEPRECIATION
At fstApril, 2020	53,966	23,857	14,472	92,295
Charge forthe year	2,844	0	0	2,844
At 31st March, 2021	56,810	23,857	14,472	95,139
NET BOOK VALUE
At 34st March, 2021	85,403	1	1	85,405
At31stMarch,2020	88,247	1	1	88,249

Page 14

King's Church, Wirral

Notes to the Financial Statements

for the year ended 31st March, 2021 (continued)

11 Tangible Fixed Assets

The freehold and leasehold buildings consist of the church premises. Church fixtures & fittings comprises various items shown at cost. Church musical equipment comprises various items shown at cost.

12	Debtors					2021	2020
						£	£
	incomeTax recoverable					11,602	16,870
	Prepayments and accrued income					2,250	0
						13,852	16,870
13	Liabilities: Amounts falling due	within	one	year		2021	2020
						£	£
	Trade Creditors					291	364
	Other taxes and social securitycosts					918	1,533
	Accruals					1,200	1,200
						2,409	3,097
14	Analysis of Net Assets by Fund
				Unrestricted	Restricted
				Funds	Funds		Total
				£	£		£
	Fixed Assets			85,405	0		85,405
	CurrentAssets			52,063	4,420		56,483
	Current Liabilities			(2,409)	0]		(2,409)
	Liabilities aftermore than one year			0	0		0
	Fund Balance			135,059	4,420		139,479
15	Movement on funds
		At 1st		incoming			At 31st
		April,		Resources	Outgoing		March,
		2020		(inc. gains)	Resources	Transfers	2021
		£		E	£	£	£
	Unrestricted funds
	Mission Fund		0				0
	Capital Asset Fund	88,249		0	2,844	0	85,405
	General fund	42,497		89,497	82,340		49,654
	Total unrestricted funds	430,746		89,497	85,184	0	135,059
	Restricted funds
	Building Fund		0	11,878	8,681	8)	3,197
	Earmarked income	809		709	295	0	4,223
	CJRS Grants		0	8,414	8,414	0	8)
	Total restricted funds	809		21,001	17,390	0	4,420
	Totalfunds	131,555		410,498	102,574	0	139,479

14 Analysis of Net Assets by Fund

15 Movement on funds

Page 15

King's Church, Wirral

Notes to the Financial Statements for the year ended 31st March, 2021 (continued)

16 Fund Details

Fund Details
Details ofthe various	funds held bythe charityare as follows:
Name offund	Description, nature and purposes ofthe fund
Unrestricted funds
Mission Fund	This fund was set up to collect the 10% Tithed monies to be forwarded onto
	various missionary societies and other charities. This fund ceased to be
	designated at the year end.
Capital Asset Fund	This fund represents the net book value offixed assets atthe yearend date which
	cannot be readily converted into liquid funds at short notice.
General fund	Any monies not included in any otherfund.
Restricted funds
Building Fund	This fundwas set up to collect monies to be used as when required forthe
	continual repairand refurbishment ofthe Church building.
Earmarked income	This fund was set up to collect small amounts ofmoneywhich is restricted in its
fund	use. These monies typically relate to Parent& Toddler group, church conferences
	and certain travel expenses.
CJRS Grants	These were grants received from the governement towards the salaries of
	furloughedworkersduringthepandemic.

17 Taxation

As a charity, King’s Church, Wirral is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

18 Contingent liabilities

The charity had no contingent liabilities at 31st March, 2021 (2020: None).

19 Capital commitments

The charity had no capital commitments at 31st March, 2021 (2020: None) either contracted for or authorised by the trustees but not contracted for.