Charity Number 701196 THE KING'S CHURCH, HALIFAX Report and Accounts for the year 31 March 2024
THE KING'S CHURCH, HALIFAX Contents for the year ended 31 March 2024 Page Trust Information Trustees Report Trustees Responsibllltles Independent Examiner'5 Report Statement of Flnancial Actlvlties Balance Sheet Notes to the Accounts 10-13 Detailed Statement of Financial Activities Main Account Buildin8 Fund Specific Funds 14-15 16 17
THE KING'S CHURCH, HALIFAX Trust Informatlon for the year ended 31 March 2024 Charity Number 701196 Trustees P. R. Hamlett P. Mcmahon P. D.Clift J. Crabtree A. Prosser P. Leeming (Chair) Address The King's Centre Park Road HALIFAX HXI 2TS Independent Examiner S J Sutcliffe FCCA Torevell Dent Limited 1-3 St Ann's Place Pellon Lane Halifax HXI 5RB Bankers Virgin Money 7 Waterhouse Street HALIFAX HXI IXZ Solicitors Finn Gledhlll 1- 7 HarrSson Road HALIFAX HXI 2AG Page I
THE KING'S CHURCH, HALIFAX Trustees Annual Report for the year ended 31 March 2024 The trustees submit their Annual Report and Accounts for the perlod ended 31 March 2024, whlch have been prepared in accordance with FRS 102, Accounting and Reporting by Charitie5 2005, and the Charities Act 2016. Structure Governance and Mana ement Governlng document The King's Church, Halifax is constltuted by a Deed of Trust and is a Registered Charity, No.701196 Its address is The King's Centre, Park Road, Halifax HXI 2TS. Trustees: Mr Peter Hamlett { Chair ) Mr Paul Clift Mr Paul Mcmahon Mr Jeffrey Crabtree Mr Adrian Pr05ser Mr Peter Leeming Aims and Objectlves The prime objective of the Charity is the advancement of the Christian faith locally, nationally and internationally by any means including the preaching and proclamation of the Christian Gospel, the teaching of Christian doctrine and principles and the pastoral care of Christian people. Other objectives are: . a) The relief of persons who are In conditions of need, hardshlp or distress or who are aged or slck. b) The advancement of education on the basis of Christian prlnciples. Finance The finances of the church are predominantly dependant upon the free will offerings of its members both on a regular basis and in response to opportunities to make special offerings as the need arises. This generositv is greatly appreciated by the Trustees who reflect that generosity on the part of the entire church by the way of the time-honoured policy of distributing to other churches and charities IO% of our people's giving as recommended by The Senior Leadership Team (SLT) as set out below. Although that policy remalns, adopted circumstances arose whereby it was not possible for the SLT members to notify recipients of the distribution before the end of the financial year of 31 March 2024. This being so the funds agreed to be distributed have been set aside and will be allocated at the same time as the distrbution of funds for that financial year. DurinE the year the Church vacated it5 premises known as Jubilee House at Saint James Street near to Halifax town centre. Initially the premises were let to Northern Lights Church who were grateful for a temporary place of worship, but eventually the Trustees agreed that the time was right to put the property onto the market. They were very pleased that the buyer was Happy Day5 which is a local Registered Charity providing services to people who are homeless or in crisis and with whom th King's have good relationships. The sale wa5 completed on 11 November 2023. Page 2
THE KING'S CHURCH. HALIFAX Trustees Annual Report (continued) for the year ended 31 March 2024 Review of progre55 and achievements Peter Hamlett, a longstanding member of the Senior Leadership Team (SLTI retired from membership together with his Wife, Beryl on Sunday 28th May 2023 when the Church thanked Peter & Beryl for their work over the years. Peter was amazed when there entered the hall his great friend Pastor Rick Gillis from Texa5 USA, his presence having been kept as a secret by Beryl. The sermon on that morning wa5 preached by Rick who later prayed with several people. Peter and Beryl remain committed member5 of the Church and Peter continues to be the Chair of Trustees. The present members of the SLT are:_Paul Mcmahon; Paul & Eve Clift; Peter &Kate Leeming and Cath & Angus Binns- MacGregor. The vision of the SLT for the Church is: Learning to Love & Serve Like Jesus It is envisaged that for the foreseeable future there will be no intention to appoint a Senior Pastor of the Church as the SLT is able to provide suitable teaching preaching and effective spi ritual leadership of the Church in all of its aspects. In this respect the balance between older and younger member5 is welcomed and appreciated. Paul Macmahon and Paul & Eve ClSft do not require remuneration but, in that there is no Pastor's salary to cover, the remalnlng members are, with the Trustees, approval, remunerated. Staff See above in respect of the SLT. Keith Kempster has been appointed to the important position of Treasurer. Christine Kempster has taken up responsibility as Safeguarding Officer. Christopher Lee does an excellent job a5 caretaker assisted, where necessary, by Tiago Dos Santos Card05a. Beka Bourboulas has made good progress in her capacity as Receptionist and Church Secretary. The Klng's Centre There has been ongoing a large amount of development work at the King's Centre resulting In improvement of facilities and usable space. In particular there have been several extensive renovations notably to the crèche and to a room redesigned and named The Sanctuary which provides individLJals and small groups With an ideal place for prayer and contemplation. Prayer Further in relation to The Sanctuary, prayer has always been a most important aspect of the life of King's Church and this continues under the auspices of Mary Spencer particularly by way of The House of Prayer. Heallng Rooms of Hallfax Although Healing Rooms ceased to meet at Jubilee House some time ago , they have now reopened at the King's Centre from 3pm until 7.30pm on the first and third Wednesdays of each month. A number of people have attended and it is hoped that in due course there will be many more. The King's Coffee House Limited The King's Coffee House Limited continue5 to function as a separate trading company welcoming not only over the counter sales including the ever-popular OAP specia15, but also catering for events and selling wholesale to outlets at the Halifax Piece Hall, Page 3
THE KING'S CHURCH, HALIFAX Trustees Annual Report (continued) for the year ended 31 March 2024 KIn5 Communitles The previous focu5 on missional communities has shifted somewhat. Consideration has been given to a revised structure of a5 many of our people as possible joining small groups who will meet for prayer. following up on Sunday preaching and fellowship, but with an underlying intention to engage in reaching out to the local community wherever possible. Room Hlre Further in relation to community engagement the Church has continued to develop its room hire operations. In addition to Stagecoach Performlng Arts hirers include diverse groups such as Calderdale Council, charitable groups, support groups, healthy living groups, healthy holiday groups, mental health support, counselling sessions, perinatal support groups, vulnerable adult groups, disabled groups, independent living group5, famllv hubs, multicultural support group5, financlal support groups and many others. This has enabled the Church to engage with. and support, a wide variety of organisatlons and charlties. Many complementary remarks are made to King's volunteer5 in this respect. Chllll Tuesday The Church has started a new init13tive in partnership with Calderdale Christians in Schools (CIC'S) and Calderdale College. Every Tuesday in term time, the Church provides hot meals and a place for college students to socialise. The inltiative provides a warm and welcoming space for between 40 and 60 students per Session. The aim of the the Initiative is to demonstrate the love of Jesus to the College by providing food for those in need and an open caring environment for them to use throughout the College term. Halifax Gala The Church has once again made a good impresslon on visitors to the Annual Halifax Charity Gala providlng refreshments, activities and opportunity to talk and answer questions about Church. Special Events The Church was privileged to have with them on 22 and 23, Aprll Cathy Madavan who has visited Halifax on number of previous occasions and who is a well-known speaker and author of several Christian books. Cathy was the main speaker at a Ladies Day on the Saturday of her visit which took place at the Elim Church premises in conjunction with King's. This event wa5 very well attended and greatly appreciated by all concerned. Cathy went on to preach at King's on the Sunday morning. th On Saturday 7 June King's, with the consent of Calderdale Council, arranged a street party outside The King's Centre to mark The Coronation of King Charles and Queen Camilla which was very much enjoyed by a considerable number of people, not only Church members and attendees but a150 many neighbour5 With whom it was good to socialise. Page 4
THE KING'S CHURCH, HALIFAX Trustee5 Annual Report (continued) for the year ended 31 March 2024 Christmas In the run up to Christmas Church members enthusiastically supported the Shoebox Appeal of the AMEN Charity which provlde5 gifts for the poorest famille5 in Romania. On the morning of the laEt Sunday before Christmas, Church members went out with gifts to staff at Calderdale Royal Hospltal, Halifax Fire Station, Police station and Ambulance Station where, in each case, they were wholeheartedly welcomed and thanked. Famllles and Chlldren's Actlvltles Last but by no means least The Church has welcomed a number of famllies during the year. For the time bein8 Peter Leemlng is headin8 the team whlch ministers to children in thelr own room on Sunday mornings whllst the sermon is preached to the adults downstairs. In partnership with Hallfax Central Church. King's ran three day free hollday club for children between 6- 13 where youngsters enjoy free food, fun, activlties and short 805pel message teaching. Church and non-church children were all welcome. FSnance5 The attached financial 5tatement5 show the current state of the finances. The total income of the Churcli has increased from £169,988 in 2022123 to F.176,955 in 2023124. and, expenditure increased from £142,405 in 22/23 to £182,733 in 202.3/24. A5 a result, the Churcli finances report 3n in year defecit of £5,738 fr)r I'he 2023/24 ypar, for which we give Ihanks to God for His blcssii)E and provision during thi5 difficult time,. and we continue to be extremely grateful to inembers lor their continupd financial support. The Charity's bankers remaln a5 Virgiii Money. The Charity's independent examiners are Torevell Dent Limited, 1-3 St Ann'5 Place, Pellon Lane, Halifax. Peter Hamlett Chair Page 5
THE KING'S CHURCH, HALIFAX Statement of Trustees Responsibilities for the year ended 31 March 2024 The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5. The law applicable to charities in England and Wales, the Charity Act 2011 and the provisions of the trust deed 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 the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to Select suitable accounting policies and then apply them con515tently' observe the method5 and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent,. prepare the flnancial statements on the going concern basis unless It is inappropriate to presume that the charity will contlnue in business. The trustees are responslble for keeping proper accounting records which dlsclose wlth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charitie5 Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularlties. Page 6
THE KING'S CHURCH. HALIFAX Independent Examiner's Report to the Trustees of The King's Church, Halifax I report to the trustees on my examination of the accounts of The King's Church Halifax for the year ended 31 March 2024. Responsibilities and basi5 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 20111'the Act,) I report in respect of my examination of the Trust's accounts carried out under sections 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(bl 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: 11 accounting records were not kept in respect of the Trust as required by sectSon 130 of the Act,. or 2) the accounts do not accord with those record5; 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 thls report in order to enable a proper understanding of the accounts to be reached. utcllffe FCCA Torevell Dent Limited Chartered Certified Accountant 1-3 St Ann's Place Pellon Lane Halifax HXI 5RB Date: Page 7
THE KING'S CHURCH, HALIFAX Statement of Financial Activitles for the year ended 31 March 2024 2024 Total Fund5 2023 Total Funds Unrestricted Restrlcted Fund5 Fund5 Notes Incomlng Resources: Incoming from generated funds: Voluntary income 123,162 123,162 122,226 Incomlng from charltable actlvlties: Other income 48,957 48,957 47,224 Interest Income 4,876 4,876 538 176,995 176,995 169,988 Resources Expended: Costs of generatln8 fund5 Cha ritable activities Governance costs 180,137 2,220 376 180,513 2,220 140,185 2,220 182,357 376 182,733 142,405 Net (Outgolng)/lncomin8 Resources {5,3621 13761 15,738) 27,583 Balance as at l April 2023 93,648 732,523 826,171 798,588 Balance as at 31 March 2024 88,286 732,147 820,433 826,171 Page 8
THE KING'S CHURCH. HALIFAX Balance Sheet for the year ended 41 March 2024 2024 Tot31 Funds 2023 Total Fund5 Unrestrlcted Funds RtrIcted Funds Notes Flxed Assets TanLFible J55ets 11.914 613,044 G24,958 744.750 Current Assets Dpbtor5 Cash at bank lJf,302 86,554 15,J02 206. )68 12.699 84,805 120,014 120,014 2ZI,870 Creditors: Amount8 falling dup wlthln one year 125.4841 19111 126,39SI Iir),0831 119.103 19S 475 Net Assets 88,286 732,147 820,433 826,171 Funds UnTe%lricied furids Restricted lunds 118,2116 132.147 'JA,648 7?2,523 820 433 826 171 ThL f'indncial 5latemL4nls wp.rv approvL'd by I'he Truslccbs on behalf bv,," Po i(kld_ P. B. Mcmahon J. Crabtre P.D.Ul A.Pr05ser P.R, Hamlett P. Leernlng Page 9
THE KING'S CHURCH, HALIFAX Notes to the Accounts for the year ended 31 March 2024 Accounting Policles a) Accountlng Conventlon The financial Statements have been prepared under the historical cost convention, and in accordance with applicable Accounting Sta ndards, the Statement of Recommended Practice, Accounting by Charities 2CQ5 and the Charitie5 Act 2011. b) Incomlng Resources All incoming resource5 are included on the Statement of Financial Activities when the charity 15 legally entitled to the Income and the amount can be quantified with reasonable accuracy. c) Resources Expended Resource5 expended comprlse all expendlture directly relating to the object5 of the charlty. When nece55ary, costs are allocated between direct charitable eKpenditure, fund raising and management and administration on an equitable basis dl Flxed Asset5 Depreciation Is provided at the followin8 annual rates in order to write off each asset over its estimated usef ul life, Freehold Property Off ice Equipment Furnishings Musical Equlpment Technical and Other Equipment Motor Vehicle 20% on written down value 20% on written down value 20% on written down value 20% on written down value 25% on cost No depreciation 15 char8ed on Freehold Property as this is maintained to a standard to ensure that Its value is at least equal to the value at which It Is disclosed in the Flnancial Statements, e) 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. Restrlcted funds can only be used for particular restricted purposes within the objects of the charity. Restriction5 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 10
THE KING'S CHURCH, HALIFAX Notes to the Accounts for the year ended 31 March 2024 Net incomel(deficlt} of trading subsSdlary The charity owns 100% of the share capital of The King's Coffee House Limited whose principal activlty is the operation of a café for the benefit of the general public in addition to church groups and members. One of the charity's trustees slts on the Board of Directors of this company but receives no remuneration for doing so. A summary ofthe result of the trading subsidiary for the year ended 31st March 2024 is as follows '. Turnover 86,430 Cost of sales 175,9181 19,011 1,501 Admlnistration expenses Net Profit Corporatlon tax Profit after tax 1,501 Accounts for the above sub5idlary have been filed with the Registrar of Companies. Resources Expended 2024 Total Funds 2023 Total Funds Unrestricted Restrlcted Fund5 Fund5 Charllable actlvitles: Pastoral support and expenses Mission and other charitable gift5 Premises expenses Administratlon costs Events and activities Depreciation Renovations S.L)JO 18,436 44,503 91,277 17,622 3,299 5,000 18,436 44,503 91,277 17,622 3,299 376 8,500 25,181 33,973 59,483 8,540 4,086 422 376 180,137 376 180,513 140,185 Governance costs: Independent examiner's fee 2,220 2,220 2,220 2,220 2,220 2,220 Page 11
THE KING'S CHURCH, HALIFAX Notes to the Accounts for the year ended 31 March 2024 Tan8ible Flxed Assets Unrestrlrted funds.. Techni¢al and other equipment Offlce equipment Musical equiprnent Motor Furnishings Total At l April 2023 Additions 1,045 4,665 1,618 4,378 11.706 625 1.504 66 1,312 3,507 Disposals 1861 1.584 186) 15,127 6,169 1,684 5.690 Depreciatlon for perlod Eliminated on dlsposals At 31 March 2024 13311 74 11,2341 13371 11,385} 13,2871 74 1,327 4,935 1,347 4,305 11,914 Restrlcted funds: Freehold 5 St James Street Freehold Kln8's Centre Park Road Total At l April 2023 120,000 613,044 733,044 Disp05als 1120,0001 1120.0001 Depreclatlon for perlod At 31 March 20Z4 613,044 613.044 613,044 613,044 Debtor5 and prepayments 2024 Total Funds 2023 Total Funds Unrestrlcted Funds Restrlcted Fund5 Income tax recoverable Other debtors 4,198 11,104 4,198 11,104 4,160 8,539 15,302 15,302 12,699 Creditors - due wlthin one year 2024 Total Fund5 2023 Total Funds Unrestricted Funds Restrlcted Funds Specified funds Creditors and accruals 911 911 25,484 4,043 12,IMo 25.484 25,484 911 26,395 16,083 Page 12
THE KING'S CHURCH, HALIFAX Notes to the Accounts forthe year ended 31 March 2024 Staff Costs 2024 2023 Salarle5 and Wa8e5 Social Security Costs 70,729 918 48,753 1,294 71.647 50,047 Tran5actlon5 wlth trustees Two of the trustees are also engaged in Ministry and in accordance wlth the Trust Deed, rnini5try fees and expenses were paid to them during the year as follows 2024 2023 P. B.McMahon P.J.Leemlng 9,679 6,961 10,619 Page 13
THE KING'S CHURCH, HALIFAX Detailed Statement of Financial Activitles for the year ended 31 March 2024 Main account {unrestrlcted} 2024 2023 Incomlng Resources: Tlthes and Gift Aid donations Special offerlngs and other gifts Tax recovered on Gift Aid donations Room Usage Book sale5 Church and other events Sundry income Bank interest 105,532 640 16,990 46,927 1,945 85 100.066 2,470 19,690 44,748 1,249 225 1,002 538 169.988 4.876 176,995 Resources Expended: Local ministry 5UPPOrt Other ministry support Tithe Other charities and outreach Office salaries Leaders expenses Motor expenses 5,000 3,176 10.425 4,835 71,647 350 1,259 8,500 6,893 10,018 8.270 50,047 428 1,849 96,692 86,CMJ5 Operatlng expenses Light and heat Insurances Water St James Street costs Technical equipment repairs 15.786 12,056 2,121 538 2,859 16,125 9,207 1,534 932 1,771 33,360 29,569 Carrled Fonvard 46,943 54,414 Page 14
THE KING'S CHURCH. HALIFAX Detalled Statement of Financlal Actlvltie5 for the year ended 31 March 2024 Main account (unrestricted) 2024 2023 Brought Forward 46,943 54,414 Repair5. maintenance and renovations Telephone and internet Posta8È, stationery and printing Outreach courses and literature Independent examiner's fee Professional fees Children's work Ma8azines and books Catering Church and other events Sundry expenses Depreciation.. 11,143 1,371 10.272 1,771 2,220 1,280 2,090 1,317 10,570 1,874 5,098 331 1,234 337 1,385 12 4,404 1,217 3,133 381 2,220 297 1.247 1,475 S.046 391 2,512 261 1,167 404 1,326 928 Office equipment Furnishing5 Musical equipment Technical and other equlpment Loss on disposal of fixed assets 52,305 26,409 Net Income 15,362) 28.005 Balance brought forward 93,648 65,643 Balance carried forward 88,286 93,648 Page IS
THE KING'S CHURCH. HALIFAX Detailed Statement of Financial Activitles for the year ended 31 March 2024 Buikling Fund (restricted) 2024 2023 Incomlng resources: Resources expended: Refurblshment 376 422 376 422 Net (expendlture) {376) 1422) Balance b/fwd. 732,523 732,945 Balance c/fwd. 732,147 732,523 Page 16
THE KING'S CHURCH, HALIFAX Detailed Statement of Financial Activltles for the year ended 31 March 2024 Specified Fund5 Asat 31-Mar-23 A5at 31-Mar-24 Recelpts Payment5 Blesslng Fund {574) 11,6091 1,510 16731 Healing Rooms 11,3651 320 {1,0451 Children's Blesslng 16721 12851 760 11971 Uganda Children {776) (3,6021 3,816 {5621 Mum2Mum 11901 190 Parent and Toddler (451) {2451 1,093 397 The Brid8eProJect 1151 1151 Famlly Life Events {6301 16301 Chllll Tuesday 12,6171 4,431 1,814 (4,0431 (8,9881 12,120 (9111 Page 17