Chafity numbEr'. 701899 Klddermlnster Covenant Church Annual Report and Flnan¢lal Statements Year Ended 31" October 2024 Klddermlnster Covenant Church Year Ended 315t Ottober 2024 Content Pa9• AdmlnS•trntlv• Infonn•tlgn About Kldd•miln•t•r Covon*nt Church TYu•t•é* R•porf Ex¢•m•l •x•mln•rn' r•port Stsl•m•nt ol fln*n¢l*l •ctlvbll•• & 8•l•nc• 8h••t Not•• to th• *eeount• 10 Kidderminster Covenant Church Year Ended 3151 October 2024 Adminlstratlve Informatlon eh•dty rngl•irntlon fftthib•r 701899 Truit• R M ThDrnaS P ThomAB F Megillion HATrew R•gl•t•rnd offl¢• g Partr￿£* Glovè ddotmln8wWorcts DY10 4HH Ind•P￿d¥￿t •N•fflln•v T&x Ltd Southlll Bro*th¥•y U811PY ntt•r• HSBC Kiddermlnster Covenant Church Year Ended 31Jt October 2024 Aljout Kldd•miSMtsr Cov•n4nt Church Ktherminjter Covenant Church 1$ an Independent e￿ng¢ll¢al Chn*ian lelkM8hip ￿led in IlTre Unltgd Kingdom. It18 a BIb￿k￿VIng church that ex16t8 to 8hArè Iha rneBBRge of Jeiu• Chrlsi ano 10 6ervo tsoth Iii members and the wider ￿mmunAY. Th• known for its walcomlng And indu$iv8 alrrwh8ro, drawln9 togethor Indfviduals and familias from variety of backgrounda. 11 PL9￿8 a 8lr?ng emphasis on comrnunity. 5UPPOrt. and spiNIu growth. and seek5 to rene¢t the Iovo and grace of Christ in all a8pacl8 of its mini$ty. The church rne•ts reoulaty forworship and provths Qpportunit￿ for felkmhlp. discipleship, and outreach through a r¥np of galh¢riryJJ and actwitS•J. Alm* Ind Oblrttfv The pdmary airn of Kid¢ermln$ler Covonant Church 18 tts 9brify God IhTough Is￿hNl worshlp, te•chln9, Ind Christian livir¢ 11 •xl*l¥ lo preC￿lM Iho wod news of Jesu9 Chr181 and lo •ncour8gè poopkry to grcth in their personal r61ati¢)n$hip wtth God. One of Its m8in gbj¥¢iw•i Is lo tyuild a sir¢Jng gnd 5UPPOrtive Chri8tlan communSty whore Indfvldual$ are oncouragad, nurtu￿, an¢ •quipped to Ihe out Ihvlrfabth. Tha church allo •im¥ to bo • compas8ionolè and outs¥ard-l¢oking fellowship Ih8t actl¥aly •ngages with the nevAl$ of rt810¢o1 community and beyond. Through acts of *rvic•. oulrg8¢h Initi¥livoJ. and prjjctical supprt thg church $eek$ lo derMn8trale tha lo¥¢ of Chrl•t In everyday I￿e. 11 ij committed lo u••ling • Spa￿ where p•opl• of all 4g•• •nd abllltl88 f• valuad and mcbJd8d, and wher• •v•ryono h&J the opporfunSly lo hé8r lh• tr)•p•l. exp¢rlenc• ChrfJlan fellowship, and be tran8lom•J by fjod'j grace. Cor• V•lu•• The core valu95 of K￿￿￿inSter Covonant Church ar• cenlred on 81￿1¢al truth, Iovg, ommunlty, and ￿￿¢*. Th• ¢hurGh IJ founded on th• Pfin¢Wles of love. acceptan¢¢, and forgivgn888, And11 a••k• to b• • place whoro peepl• can find h¢pe. healing, and PUfpoa• Ihrcu4h f8ith in J8$u$ Chri•t. A 8trong *ns8 of lamily is 8t the he￿ of tho church's ￿entity. wrth member• 8UPPOrting orft 4nolher ipiritualty. emotienalty, and praclicalty. Klddermlnster Covenant Church Year Ended 315, October 2024 TN•t•e*' R•port forth• Y•ar Endlng 31st Odobgr 2024 Kldd•rmln•tsr Cov•nanl Chureh Introdvctlon Th• Trn•tM• pr•••nt th•lrannu•l r•port for Kldd•miln•t•r Cov•Mnt ¢hureh covoring the perled up to 3181 O¢tobfyr 2024. Th1* report outlines the church'g Activitla$, ach￿rne￿I8, gov•rn*nc•. ond fuluré pl•ng Tha Trusteets eonfimi that thè eharlty ontinuos lo wr410 lor tho public benefil in occordance wlh rt8 charltabla obieGINtt. 8tNctur•, G0￿mIn6•, and M•nao•m•fbt idd•minst•r C¢Mnant Chur¢h18 an indopandenl evAng8k'c41 Chri81iBn charty govemed by board of Tru$tee8. The Tru8teos Are r88ponsible for th• overa11 management and directi ol the church, tsnsuring compliance with rel8vantl0gi$lat￿h #nd chBrity18w Trustoes are 8ppolnt•d b8g•d on Ihdr comrnitrn•nt to1￿ ehurth'l volueB. skilli. and •xp•rhnc• fo￿¥￿ni to it¥ mi86ion. Th• church operate8 under a con•titullgn that outlln¢¥ ils 01rn•, 9overnJnE• arrangem•nt¥, and proc•durM lor doci•wvm*kin9. Regular Tru•l•n m8eling• 4r• hold lo ov•rie• th• financi•l h•ollh, gov•rnonce, hnd strateg￿ dir￿tion of th• church. ObJ•¢tlvM •nd A¢tlvltl•• Th• prim?ry obiectw• ol Kldd8rmin$tor Covenwnl Church is lo prcrfnote tho chri8ts.an tsith through worship. teaching. lellowthip, and oulr•ach actlvll•8. The church providei a welcoming and indu•iw comrnunity whw• yopl• Can orlyw 8writu4lly gnd exp•d•nc•th• low ol J•&u8 Chri•t. [￿rIng tho r•portlnu p•rlod. th• chur¢h ¢wlinu•d to ty0￿ r•9utsr wor•hy 10￿Ce*, 8ibk• t•#¢hlno, pMy•r mo8tsn96. and f•llow•hip èroup8. The Chureh a180 m•intain•J activè engau•m•ntwith th• IrKal ￿Mmunity Ihrtsugh v4rious outreach initiatives •nd practical •upport progrAm#, A¢hl•v•m•nt• Ind P•rftsrn)•D Th• church h•$ iuccei$lul￿ continued lo foJl•r a Strong i•nse of communty Hnd lpirlual r¢wth ￿Ong rt• m￿n￿r5. Att?nd•nc• •t weakty s•Nices rem•lnod 8teady, •nd smll groups provid•d Opportun￿￿• lor d••p¢r t￿loW$hiP Bnd dlwpl•Bhip. Oulr•8ch actNit￿l Included Jupport lorvuln•rab1• Indlvldu&l$ and f*mlll•i in th• local •r••, a5 well as partirjpahon in regional ne￿ort(S of IIKe-minde# ¢hurGh•$. The thurch has •l•o •upport•d mi••b)n •ffots b•yond the lottsl communrty. 18118cthng il• commltrnont lo w￿•r FSnifi41•l R•vl•w Th• Truste•o pr¢ r•8pongible for *nsurinq Ihat the chureh'• fund$ 8ro m•nAg•d prud•nt •nd used In aecordan¢g with ts tharitablo purpoits. InthTe primarily ad•e6 from congr89Btion81 giving Ind donatths, vihich h•vè •n•bled tho chur¢h to maintoln Its Ind m•at comm￿￿onts. Klddermlnster Covenant Church Year Ended 31S1 October 2024 Flnanel•l R•vfjrfcontSnu•dl Expenditure ha& been feeused on wnning costs. mini81ry activili•s, community outreaeh, and maintainSng the church tscilrtbs. Th8 Tru$teos h4¥0 onsured that re8eFves remain at • knv•l $ufficknl to Safeguard th& ¢hureh's ongoing rni#J￿n •nd oper8lion¥b. Pl•n• lorth• Futurn Looklng aheod, the Trust8a8 arg ccrnrnittod to further dvvelowng the church'$ mlnijtry aTr outreaGh, Thi8 I￿lud*S ¢xpanding community engagem¢nl aGI'vStles, enhancing opportunrtie& for aPlfitu•l grovth. and slrengthaning p4rtn8r8hp8 ¢ther churchu and organi6alion8. Th• Trustw ¥lw ￿an to ton1n￿ m8inloinhg * sustainabl• fin•ndal Wllon whilo explorln9 n•w ways to In¢ro8M th• ¢hurch'J impact lo￿llY and beyond. 8t•l•m•nt of Tru•t••8' R••pon•lbllftl•• The Tru6t••• or• responsib￿ lor pr•p•ring the annual rèport and financ+al sthtèmenl? In •ccordanco wrth applicable law ond r•gulatlonJ. They mu81 &n8ure Ihtyt Ihe charity oyrat•• for th• public ben•fil. manage• Ils r•sourGeJ r••pon•ibly, •nd ¢omplkis wlh th réquTr•mèt)l• ol th• Charity Cornmiwon. Klddermlnster Covenant Church Yeor Ended 31¥1 Ortober 2024 Independent Examln•r's Report to the Trusttt5 of I report on the attounts ofthe companytortheyear 31st ortober 2024 whkh are 5etout on Pa8eg 10 to 12. Respettl¥e resptsnslbilities ol trustees and èxaminèr The tru5tee5 ale respon5iblÈ fof the prepaiètion of the atcounts. Tre r￿￿tee& con51derthat an audlt Is not required for thls year under 5ertion 144121 of the Charllle5ACf 2011 (the 2011 Acil and thatan Independent examinaliofi 15 Deèdod. Havkng 5at15fled myself thal the charity 1$ hot sublert to audlt underwmpanylaw and i$ell￿ble for Independ*n¢ examinatlon, it is my respon$lblllty to.. examlnethe atcovnts under sectlon L45 of thv 2011 A¢t,' follow the procedurès laiddo%vn In thé 8tner•l Dlroctions 1S¥en bythe Charlty Commlsslon under se¢tion 145ISllbl olthe 2011 Act,, and stile whEih¢r particularmatters ha￿ coffle to my atténtlon. Basls ol Independent ¢x•mlnee¥ report My examlnatlon was carTled Dvt In acwrdance with the Seneral Dlrertion$ 8lven by the Charlty Comm15510n and Companies Aci 2CfA8. An èxamination Include5 a revlew of rhe attountln8 retords kept bythe charlty ind a comparlson ol the ￿￿ounts pre$en¢ed wirh rhosE records. tt also Includes ¢onslderèrion of any unusual Itemsor dlsclosure5 In the actounts and seekln8 explènatlon5 Ifom you consideijtion ol any unvsu&l Items or dlsclosufes in the actounls and seeklne explanatlorts frorn you li trustees CVD¢èmin8 any sueh m•tters. The proc•dures undertaken do nol PrO￿de all the ¢vlden¢È that wouk4 requlred in an audlt and consèquently no oplnlon 1$ 8l¥en as io whether the account5 piesent •'tru• 4nd falr¥lW and thereport Is Ilmlted to thaie marter5 setout InthE statement beb%Y. Independent examlnee$ ststemtnt In connection wlth my examirtaiion, no matterha5 c¢meto my attentlon.. whlch Bl¥¢$ me reason•Ne£ause to belleve thaL In any mater￿1 respecithe requlrements.. to keepa((ounUns records In a¢¢ordance wlth secuon 130 of the 2011 Att., an to prepare accounts whl 20231£) In¢om• 42,698.48 23.704.94 Galns I11083esI on Investments Int•rg8t and 5nv￿¢m9nt Income Gro•• InMm• 42,098.40 23,704.84 Exp•ndllur• 142,698.481 123,704.941 Inlsre8t pay8blg Deproeia*on and impAimi&nt char988 Total Exp•ndltur• 142,898.401 123,704.941 N•t Incom• I (Expend￿1?) Kiddermlnster Covenant Church Year Ended 31" October 2024 BalanG¢ 8h¢•t A• at 3111 O¢tob6r 2024 20241£) 20231£) Currnnt Assets Cash at bank and in h8nd 55,823.24 35.532.20 Other debtor8 1.017.50 1,565.1)0 Totsl Curr•nt A•••t• 66,640.74 37,097.20 CredÈttirs'. amounts tslllng duts wfthln on¢ year {19,743.541 12.617.441 ¥679.76 Net Curr•nt ￿lets 37,097.20 N•t A•s•t• 37.097.20 34.579.70 Fund• unrest￿¢t8￿ Income fund$ 37,097.20 34.579.78 Restricta4 fund8 Totsl Fund• 37,097.20 34.679.76 Th• Inith¢l•l •t•t•m•nt• w•r• •ppro¥•d •uthod#•d forltsU• by lh• BOAnl g1on•d on ￿ttl1101 thi board ollruit SI￿•1 R IIThDmM, TN•t•• Dal•. ttots• 10 to Islofft p•n of th•#•lln•nclal itsi•iii•nt•. Klddermlnster Covenant Church Year Ended 31" Ortober 2024 Nots¥ to the Accounts 1. Accountlnq Pollel l•> B¥1• Of Pr•pmtlo statsments have beon ryepw8d In K¢tydan¢o Ch￿￿•￿ SORP IFRS 1021. th• Ch•nu*• A¢t2011, Bnd UK Generally Accapted Pradke. ddemlmlercovenant church l• •n vnin￿1pp[*Ifj￿ chwty based In Eng￿nd. The •ccounts @re pr8p&r8d crt) o hl8tonC￿ ettal b••i• in pmlb ￿erf1r￿J. Tho Imilèol Con￿der￿• ¢hanty lo bfj o going corK8rr Ibl Fundi Tho ¢h•rfty hold8 unréatrb#*d tynd fund•. •r• for g•n•ril church purFow and MAY Ui•d &tthe trwt•u' R￿t￿Ltsd fvndl •r• ¢¢ )# onty forl￿fl¢ purpobo•8ai by dorKJrn, •U¢h •• mrooion Ilding WQfk. Tho1ty81•88 m8y ol•0 tsot dtrlyniied fvnd• ts thJr• n•8d•. Th8 chwty does nut •ny•ndwnw# fund•. <¢1 In¢om• R•¢ognlU•n In¢4mo i¥ wh•n1118 orwh•n •nIM•m￿l l* c•rt•ln •nd c4n bp mmiurnd Tel￿y. Thie IwlLth r￿lI￿ don1ti4ll8. Iilheb, GIft￿id. grinli. •nd fvndraioino VolunteortsrM18 not I￿L*￿. Gift8 in kind rv￿gnI1¢d orly11 thdr ¥￿￿COn be rell8Oty. lft¥•sbnDnt Dr r•ntal IrKom•ls rwnls•d lh• rfgm to rnc4¥e rt in868. I IrKomlng ro6tyJrc•s 8re Indudod In Ina Statsm•ni 01 FinonrJ•l Act￿111•8 ￿en tho chwty 1$ entilad to h Incon￿ and th• #mount c•) b• 9¥•￿fi•d with ruwMbl• a￿￿•cy. swclhc polidts ar•appllqd ao lollLM. Vc4uitsry Inwrne ￿nI*. th•Von•. l• In￿u0•d In fiAlwh•n rncavat4a. Gran¢• n¢4 ¢onditlon•l ¢n prf¢rni•n¢• w• rvAqniB8d whèn Un￿￿dI1￿)n￿IY rec•wAt4¢, donated for resakn I￿ rwnlsedwhen sobJ. Gra￿ for nxod roLtsnlJed In wnen rKefvabl¢. {+* ExpthdRur• R•co4nttlo ExpendrtLf• ￿3 rKorded wh8n Ineurr8d and Ir￿￿195 41 cogt5 dirth rolaiod tothe thgrty'i Charilablv exwdllure rmer8 Ime cosla olworahlp. mlB¥ion. and ￿Mm￿)Ity ¥L*￿ilieS. io Klddermlnster Covenant Church Year Et)ded 311¢ October 2024 Idl Exp•ndttur• RKognNlon IGonUnu•dl port and goverrwncé costs inrjude adrnini$iralcn. In6urance, utlilk•¥. and ger￿rA1 runnin9 c461ts. Fund￿81￿4 CQ8t8 are rnlnirnal. I1￿¥•r*>IeVAT is I￿￿ded %Mthln tr* rela¥￿1 ￿Pon￿8 EXpW￿l1ur8 Is recognised on ￿ •cryual ba818 81 •111kn1ty 1$ Incurred. Exp8n¢11we indude$ any VAT whi¢* Cann￿ De fvllly rg¢o¥8ied •nd Is reportod As part of ihv ¢xpenthlur• to which rt t•l&t•#. Fundr*￿n9 •r¢tho80 irKurred In ￿kIng y￿untary ￿tribL￿￿nE and dD not Indud• the costs 01 '86•mlnabrfj InfrJmiatson 4Th wJpwiof¢h•iit•t4a a￿VIb.￿. (•} Support cMts SwpprtCLXI• OFolttoM Imt a•8lstth• th*dty'8 opwatial8 tyjl ¥• not dir8ctty Iinknd to wbfi¢ The8• indudt idmini$lr•tlvè and gov•rMnca costi. Th•y Afa 8loc4l•d 10 chairt8bkn *d￿h1O8 b•i•d on itsff trm8 or usè ol pr8mis0 SupFNYteosig are those L¥)￿8 Inr￿re￿ dlrecly In •uppon olexpendlur• C￿ th• obirft& o1th8 th•rity nd irtludo m•na98rnenl. Vl Flx•d AM•t• ThD ch2f4ty llo ￿gnI￿c￿nItl￿qd kny equipm￿1 couung £500 h ¢•piiall••d dopred*ed over Il¥ Bxw¢tad u501ul Iff•. n¢mi•lty txh¥••n thr•• end fiv• y•ar8. th•rlty do•1 Dot hdd any orintthn9ibb •uots. 191 Oolng co0￿M Thotruii8è8 hwe rovlowed the fin•ndAI wJsrtlon •nd $8tsslWth&l Kkld8mir* Gov•Mrt church tt88 •Lffici•nl ￿n￿l ￿ continu• tts f¢r the Iwoo•••￿e fuux•. l. ￿¢1 18,7Sg.10 21.294.19 Tax r•fvnd 1.e92 $0 2,393 75 17.00 L•w- H M¢Mut•r 22,246.88 0.0) Totsi Incom• 42,691.41 2J.7D4.•4 I Irurne during Ihe year￿8 unr¢striCtsd 8TrJ d•ri¥•d from thur¢h vdunw VWIVd. Kiddermlnster Covenant Church Year Ended 31" October 2024 & Exp•ndllUV• Hlre ofpreml881 8.CQD.(KS 6,296.00 Alini8t8nal fags & •xpBrw• 3.￿.00 2.652,80 Glts & donab'ar ,ae4.QJ ¢.484 00 Gthiy & G•t• 1,807.31 1,841.18 Minvdlry rd4led +X￿luTe 1,204.73 1,867.78 8c¢W Eveni8 I.￿.00 Ouireach 1.188.48 599.21 MU￿¢￿a80 cotyrghl 247,00 237.00 Amlladon leos 150.0) 150.00 In•uranc• 412.69 92.C Equlprn 2.477.25 339,56 Exe855 oli￿Orne ovw gxp•n9 18,862.04 1,570.94 Tol•l Exp•ndlbJi• 4704.94 Op•r•llng •Xw¢Yl￿* Intlud0J COliJ to ￿￿TI￿1p. O￿Tea￿. pr•nN•oi, *dmlnl•tr•lk)n, and C￿n￿u￿1ty 8UPPOrt. Employ•q• Employmahl eo#l* Th• *voMge monitty nurnb•r of•mpty••• Ilnduohg truil•o•l dunTrJ ihfr y•4r, onth• Ywr Numbw 2024. 2023- 12 Klddermin5ter Covenant Church Year Ended 31rt odober 2024 & T*x*iiort Th8 ch8nty'8 8CbviiYd6 f811 wthin tha exempiion5 offrrfded by th• prgvi*ions of the In￿m6 corpor￿￿￿ T8xes A£t 1988. Acrthingly, there Y6 mtax8lion charge Inmo80 Other dobtors 1.017 50 1,505. Toi41 Deblo 1.017.50 1,565.Cb) Ttt•￿ •mount4 rw•i•rrt re￿¥t40 b•hrus •nd pr•p•ld •xwA•• •tth• y•*r •nd. 7. Cr•dliQf•'. Amoun1• F￿11￿9 L￿• Mlhln Qn•Y•*r Tu&1$ 8nd d•forred 19.743.$4 2.517.44 10.7*1&64 2,517.44 C••h •t In H•nd Cèah 81 bènk r*)d in thnd 55.823.24 35.532.20 Thè&é b￿an¢al r8pi8aent Lnr8etnct•d ftJndB hoks al tho yw I￿. . Unr••trf¢t•d FuNI• Unr•$lrict8d Fund 37,Q97.20 42,696.48 142,608.481 37,097.20 Total Unr••lrtl•# Fundi 37.097.20 42,896.48 142,898.481 37,C¢7.20 lund$ 01 fhg y¢4r ore wKe51nLl•a. 13 Kiddermlnster Covenant Church Year Ended 31st October 2024 10. Ilown•nt In NatA•••ts Nel current 018ets at 1 Novornber 34,579.76 34,579.76 SurVuwid•lbYI for ￿ year Nèt¢UTh8nt aaa•t• •t 31 O¢iob•r 37,097.20 34.$79.78 14