Kings Church Bangor Annual Report and Financial Statements for the year ended 31st March 2024
Charity no: NIC102752 Contents Page General Information Governance and Staffing Structure Acknowledgements Aims, Objectives and Public Benefit Main Activities 9-13 Financial Review 14 Future Strategic Plans 15 Trustees, responsibilities in relation to the financial statements 16 Statement of financial activities 17 Balance sheet 18 Notes to the Financial ststements 19-23 Independent examiner's report to the charity trustees 24-25
General Inforn]atlon Name of organlsatlon Other name Kings Fellowship (Bangor) Kings Church Bangor Charlty no. 102752 Reglstered offlce address 196 Seacliff Road, Bangor, County Down, BT20 SHA Contart Detalls Website: www.kingschurchbangor.org Email: office@kingschurchbangor.org Legal status Kings Fellowship (Bangor), established in 1985, is registered charity and currently operates under a Trust Deed dated 19th March 2015.lts registered charity no. is NIC102752. Bankers Danske Bank Bloomfield Shopping Centre South Circular Road Bangor Co Down BT19 7HB Independent Examlner Michelle Robinson D N Robinson Ltd 17 Grays Hill Bangor Co Down BT20 3BB Solldtor CMG Solicitors 20 May Street Belfas¢ BTI 4NL
Governance and stafflng structure Leadershlp Team The team provides spiritual leadership, general oversight, pastoral care and direction for all that happens in and through the church. The leadership team in place during 2023/24 were: Peter Johnston Lynn Johnston Sam Deakin lain Stewart Lesley Stewart William Thompson Ruth Justin Stevie Garrett Trustees The trustees are responsible for the legal and financial matters of the church. Under the Trust Deed there must be at least 3 trustees. They are appointed for term of three years which can be renewed by a resolution of the Trustees. In selecting individuals for appointment as Trustees, they must have regard to the skills, knowledge and experience needed for the effective administration of the charity. The Trustees who acted during the year were: Peter Johnston Cliff Courtney Ali Pope Sam Howard Sam Deakin was appointed as a trustee on 11 May 2024. Staff Team Our staff team are those employed to carry out the practical functions of the church, such as finances, administration, worship, children's and youth work Peter Johnston Sam Deakin Lesley Stewart Amy Titmus Lorraine Wilson Rae O'Dowd Stevie Garrett Anne Davey Ruth Justin Lead Pastor Assistant Pastor Administrator and Global Mission Coordinator Communications and Social Media Caretsker Youth Worker (resigned 18 June 2023) Appointed Youth worker on 18 March 2024 Children's Worker (resigned 30 June 2023) Appointed Children's Worker on 4 September 2023
Acknowledgements Appreciation is expressed to the staff and many volunteers of the church who have put in so much time and effort during the past year. Without this help, the church would be ineffective. The trustees express their appreciation for the faithfulness in giving by many members of the church. We also want to express our gratitude for the many who have given to support our building refurbishment project over the past year. This includes church members, donors, friends and the local community. A grant of£108,000 from the Benefact Trust was a significant encouragement and support to us.
Our Alms and Objertlves Purpose per Trust Deed "To promote and further the Christian Faith and its practice among men and women and young people both at home and abroad in accordance with the teachings of the Holy Scriptures which are the word of God." Our Vlslon Is to: We want to be apprentices of Jesus, experiencing the abundant life that He brings by being with Him, becoming like Him, and doing what He did. re As we passionately seek God's hear( we want to tske actions to love people so that lives and communities will flourish. We want people to encounter Jesus for the first time, experience His life- changing love, and journey with Him. We long to see the Bangor area thrive by seeking to impact, love, and serve those who live nearby. We want to love and pray for those on our island, partnering with others to see spiritual awakening and renewal. We want to play our part in God's worldwide plan, supporting and sending more people, to bring His hope and compassion to other countries. Our values are: EAmi. We welcome each person into our diverse multi-generational family, authentically loving and supporting one another through the ups and downs of life. We desire to be continually filled and led by the Holy Spiri¢ seeking His transforming presence in our gatherings and daily lives, ItutkL' We pursue, proclaim, and practice the freedom-giving message of God's biblical Truth in an uncertain world. LO, We express radical and sacrificial love through tsngible expressions of generosity, seeking to reflect God's heart towards all people by our givin& hospitality, and service.
Publlc Beneflt The Trustees have referred to the statutory guidance produced by the Charity Commission for Northern Ireland on public benefit when reviewing the Chariws aims and objectives and in planning future activities. Our principal public benefit is the advancement of the Christian faith through a personal belief in jesus ChrisL Strateglc Prlorltles for the year In order to provide our principal public benefit we set out below the strategic priorities agreed at the start of the year 2023/24 and the extent to which they were achieved: Leadership & Discipleship We plan to provide opportunities to grow asfollowers ofjesus and in leadership whatever our role. We will review and relaunch our communitygroups to ensurE that they pmvide a place offamily and discipleship. We relaunched our Connect Groups (previously called Community Groups) in April 2023, Each Connect Group was launched with a host and co-leaders with a clear plan to live out our four values. A number of people stepped into the role of leadership of the groups and we continued to refine and develop the groups. Partoral Care & Mission We willfurther develop pastornl carefor our members and beyond as we all play ourparL We will also consider how we can serve our local community in Bangor andfurther afield. Pastoral care is an essential part of what we do. We sought to provide this through Connect Groups, meals and other practical helps for those in need. Create Space, Kids & Co, the Friends Group all helped in reaching out beyond ourselves. We will continue our work in the local hotel with asylum seekers seeking to help them with their English and build friendships. As well as the weekly English Conversation Classes we ran some music and culture evenings and some away trips. Vision & Values We will continue to instill our vision and values (Family, Presence, Truth and Love) in all we do as we seek to reflect what we believe God is calling us to be and to do. We continued to preach through our four values between April 2023 and March 2024 with sorne gaps for Christmas etc. ThaL plus the emphasis on values in our Connert Groups, has helped to instill our vision and values so they become part of the culture of the church.
Building Projert We will develop the design of the refvrbished building at 196 Seacliff Road with the vision of it being used as both o homefor Kings Church ond also as a presence in the local community. We will also need to raisefundsfor the projertfrom both our own membe, the bank and trustfvnd& We plan to begin work on thegmund in the laterpart of theyear. We continued work on the design of the refurbished building. We have included in the design a new community space at the front of the building as a way to contribute positively to our local community's life. The leadership met with everyone in the church who wanted a meeting to discuss the building project and how people could contribute to IL We were most grateful for the response with a significant increase in the giving to the projecL We also continued to apply for grants from Trust Funds. We received £108k from the Benefact Trust for the project in September 2023. This was a major encouragement for the project. An external access ramp was built at the front of the building in the autumn of 2023 and work commenced on the major refurbishment in September 2024. Summary of How We Provlded A Publlc Beneflt A summary of our activities and actions undertaken in the year to meet our aims and objectives and to provide a public benefit is provided below. Further detail can be found below under"Kings Church Main Activities" at pages 9 to 13. The direct benefits which have flowed from our actions in the year included the training and equipping of people in their Christian faith. the promotion of family stability and the well-being of those attending. Through our activities, people have increased their ability to contribute positively to society and to address poverty and those in need of care. We facilitated our members to carry out acts of social concern to benefit persons in North Down and the surrounding areas facing hardship based on their need and thereby promoting the practice of the Christian faith. These benefits were evidenced through weekly meetings to present the teachings of the bible and the provision of opportunities for Christian response including but not limited to prayer and worship. The church provided teaching and training opportunities, using the resources of church staff, volunteers and also external courses and events. Our group activities were well attended: mothers and toddlers group (Kids and Co), Men's Group (Kingsmen), Women's Group, (Gather), children's groups (Kings Kids Sunday, our youth group (Kings Youth Fellowship) and our group for people with learning disabilities (the Friends Group).
The church's beneficiaries include those who have attended and participated in meetings and activities including children, youth, parents/carers with toddlers. the elderly and people with learning disabilities. The charity also brought benefits to the poor in the local community through supporting charitsble organisations such as the Bangor Storehouse and our Community Fund as well as raising funds for people in poverty abroad. We continued our nursing home visits to Kingsland Nursing Home. We also worked in the year with other churches in the North Down area to promote joint events for the public. We worked with others in providing English Conversation Classes for asylum seekers. We continued to support our missionaries abroad who work to promote the Christian Faith alongside local churches and NGOS. It should be noted that the above is not a complete list of activities. However, they do demonstrate Kings Church is continuing to fulfill its obligations and achieve its objectives.
Kings Church Main Activities Adult Ministries: Over the year, Kings Church seeks to develop our Adult Ministries to best serve those currently in the church as well as bless and love those in our communities. The benefit from these actions enables members of Kings & those who also get involved to lead a more fulfilled and purposeful life. Sunday Services: Morning: The main weekly gathering at Kings Church happens at 10.30am on Sunday morning in our church building. This includes a time to connect with one another, a time of sung worship, a tslk from the Bible as well as times to pray for things happening in our lives and further afield across the world, Across the year we had many new people joining our community. We held 3 Newcomers Lunches which saw over 47 people (28 Adults) attend with the majority of these committing to join the church. Attendance to our Sunday morning services slowly increased throughout the year with around a 100 increase from the year before. We continued to live-stream these services to care for those who felt vulnerable in public but still wanted to be part of our church community. Our gatherings are centred around worshipping God, studying scripture and praying for one another. One of the main focuses for the year was studying our four values., Family, Presence, Truth & Love, Evening: The monthly Sunday Evening"Presence" Gathering continued on the 3rd Sunday of each month. Being held at 7.30pm meant that usually this was just adults that attended. The service is more relaxed and less structured, centring around an extended time of sung worship as well as responding creatively to the theme that month. On average 40 adults attended each month. Connect Groups: Connect Groups are groups of 6-20 people who meet weekly together. These were launched in April 2023 with a fresh vision and new structure. We began with five groups & increased to a sixth during the year. Each week they focus on one or more of our four values, holding these values to achieve our Church vision. These groups support one another, help one another grow in their faith, as well as reaching OUL supporting and loving our local community and also partnering with our global missionaries. There are about 40% of our adults in Kings who are actively involved in a Connect Group.
Men's Ministry 2023 saw the start of Kingsmen, a new Men's Ministry at Kings. This includes a number of different elements: Walking Football. We encourage guys from Kings to invite friends from outside church to meet up every couple of weeks to play walking football. Fuel. This is a monthly meet-up in Kings, where men gather around coffee, cake, games, worship and prayer, to build relationships and support each other on our journey with Jesus. Refuel. Every couple of months we meet up to share breakfast We invited guys from the local area to share their stories, which has been really inspirational and encouraging. A great opportunity to invite friends and family who don't normally attend church. Intake. Once a term we had a social evenL lust time to invite friends and family and hang out together. IVS been a great first year for Kingsmen and we look forward to what God has in store for us in the coming year. Global Mission: Kings Church currently supports 7 families involved in Global Mission and has I other associated with the church. These families are involved in Japan, Kurdistsn, Moldova, North Africa, Nepal, Papua New Guinea, and the United Kingdom. They are involved in ministries including church plantin& church pastoral work, developmen( evangelism, fundraisin& medical work, outdoor pursuits, teachin& and working with refugees and asylum seekers. One of our missionary couples, working in N Africa spent some time back with us and we had meetings in the church to promote their work. One lady paid a visit to N Africa to see her friend involved in healthcare work. Another couple visited Nepal to check on the work of their partners and to see how their projects were developing, Over the past year asylum seekers have been housed locally and a small group has reached out to them. This involves social events including a weekly drop-in coffee type event in our building and weekly conversation classes with them in the hotel to help improve their English. We have a Global prayer meetin& once month and produce a prayer leaflet every month to help us pray effectively. We are still meeting on Zoom so that some of our missionaries can attend. About 12 people attend each month. We continued to pray for Thirty: praying for 30 cities. We also had several "mission focus" Sundays throughout the year. At one of these services, we had a visiting speaker, from a Missions Conference in Bangor that has been running for over 80 years and which some of our members attend. 10
Storehouse: Storehouse North Down is a project bringing together different agencies to fight food poverty throughout the North Down area and beyond. There is a shopping trolley Positioned in the church building and members of the congregation are invited to regularly donate suitable food products that are then collected and tsken to the Storehouse premises for distribution. This is done regularly with extra times tsken throughout the year for bigger collections. Friends Group: This is our group for adults with learning disabilities, their carers and friends. The group provides opportunity for friendship, fun and learning to follow Jesus together. It meets fortnightly and has around 25 regular attendees including 8 volunteers and support staff. The group has been able to meet regularly in Kings on a Wednesday night whilst also doing events outside of Kings. For all who attend, this is a valued place of connection and a place to belon& whilst for some it would be their"church service" as other services at Kings and other churches aren't accessible for them. Marriage Preparation: For those engaged to be married, Kings Church offers marriage preparation, which is an informal course run by members of the Leadership Team. The purpose is to help couples build strong foundations for their future together. One couple went through Marriage Preparation and were also married by one of the Pastors in Kings. Create Space: On a Friday morning Create Space is a place for people to come and enjoy some time together. IVS a space for friendships to be built but also a place for creativity to happen. Individuals from both Kings, and the local community, bring sewin& artwork, or projects to work on. As well as this there are refreshments and games for people to play. Create Space has also been a place where local Asylum Seekers have felt very welcome - a place to meet others, feel valued, learn new skills, and practice their English. We started the Community Choir this year. Overlapping with Create Space and integrating the two communities, it is a choir for anyone who wants to attend. Since starting it has grown and regularly has 20+ singers, mostly from the Bangor area, who don't attend Kings regularly. Wider Events: Across the Year, Kings ran multiple events that served and blessed members of Kings as well as the wider community. We had our Handmade Christmas Market which supported local small businesses who came to sell their products to over 700 people who came through the doors. The majority ofthese people were not linked to Kings and were invited to following Christmas events. We had other community events like our Light Party for"All Saints DaK. Over 200 people attended an evening of fun & games as well as hearing about the
"Light of the World." Our Family Fun Day in the summer at Kingsland Park and our Easter Eggstravaganza at Crawfordsburn Park were brilliant for those in Kings and others invited. We have also regularly been going into Kingsland Nursing Home to pray for and sing with the elderly in the home. Prayer: Prayer is central to nearly everything that we do at Kings. Whilst many of the groups and events will have some elements of prayer included we also had several prayer gatherings throughout the year. Groups would go on prayer walks, we opened up our prayer room for a January month of prayer with at least one person committing to pray for the work of Kings every day. Three times a week we have groups meeting on zoom to pray as well as our monthly Global prayer. During Holy Week, we sent out resources and devotionals for people to pray each day through the Easter story and we've also had prayer meetings for our Building redevelopmenL Building Redevelopment: Over this past year we have been fundraising for and designing our redevelopment of 196 Seacliff Road. We have been applying for grants, fundraising within our church and our local community. As part of this, we instslled new front steps and a ramp to make our building more accessible. Youth Ministries: Kings Church has a passion to serve Youth in our church and in the local community. Since hiring a new Youth Worker we have been able to focus both on the youth that are in our Church comrnunity and in the wider community. Kings Youth Fellowship: Shortly after the start of this year we were disappointed in June time to lose our youth worker who had served us well for the past 15 months. The team regathered and delivered an exciting Summer week programme in early August, running activities in the building and around the town - on the theme of running the good race. The week culminated in an evening of paddle-boarding and pizza. Our attendance rose to an average session attendance of 15 between September 23 and March 24 at our Sunday night slot known as Kings Youth Fellowship (KYFJ. In KYF, we worked to create a varied programme in consultation with the youth which was delivered by 7 committed volunteers. To help young people explore their faith we followed the Gospel of Mark each week, taking small passages to discuss and learn from. Young people of faith and none participated in this, embracing some of the fun activities and growing in confidence and knowledge. 12
A programme of games and activities helped build relationships among the group and with the leaders. Our Christmas celebration night saw all 25 of our registered young people attend which was a brilliant night of games and food. We also worked with another local youth group and visited them and offered hospitality too, fostering an environment where young people could meet new faces while playin& growing and learning together. We also attended the St Patrick's Day Parade in Belfast to help broaden the horizons of the young people while exploring the relevance of such a historical figure. Kings Youth Sundays: Our twice-monthly Sunday morning slots continued in this period, affectionately known as Breakfast Club by the youth; we gather in the balcony room to explore faith together - at times revisiting a sermon series or often using the Urban Saints resources to follow a particular topic for a time. Children's Ministries: Kings Kids Sundays: On Sunday Mornings our children's ministry continues to grow and flourlsh. On average we have about 50 children each Sunday with around 40 volunteers. We have 4 groups that are specifically catered towards different age groups as well as a space for Parents/Carers to go with their children. In these groups the children have been taught about God, faith, and church in a fun, caring and interactive way. Our programme meets the needs of the different abilities we have among the children. At the end of the year, we went on a trip to the farm, this was for kids and parents. We took the older children to the bowling alley and then out for an ice cream. We have had a number of new babies born this year whilst also dedicating some of our babies throughout the year. Kids & Co: Kids and Co is a Parent and Toddler group that runs every Tuesday morning. They welcome parents, grandparents, child-minders and carers with babies and toddlers of pre-nursery age. On average, 40 children and 30 adults attend each week. The majority of these children and adults are members ofthe community who wouldn't attend Kings Church regularly. Kids and Co has been running for over 17 years with a team of volunteers who run the programme, by setting up a hall with toys, providing craf¢ a sing a long and refreshments. Holiday Bible Club: In Summer 23 we had a Holiday Bible Club which saw 40 children come for a couple of hours in the morning or evening for fun activities, dramas, games & stories. The majority of these individuals came from outside of Kings Church. 13
Flnandal Revlew Income for the year totslled £430.3k (2023: £181.6k) and expenditure totalled £173.5k (2023: £167.7k) leaving a surplus for the year of £256.8k (2023 surplus £13.9k). The main movements between the two years are largely as a result of the following: Donations to the building fund increased from £22.7k in 2023 to £108.5k in 2024. In addition, the building fund received a grant of £108k (nil 2023). Donations for Ministry & missions, public offerings and other gifts increased in the year by £23.Ok to £142.4k As a result of the increase in giving as described above tax refunds from gift aid increased by £19.6k to £51.4k Investment income from our Nationwide interest-bearing account increased by £11.7k from the previous year as a result of accumulating funds in the building fund in readiness for our building projecL Expenditure increased by £5.8k to £173.5k due to a range of factors including increases in gifts from the Mission Fund by £11.5k and other gifts of £3.4k, increase in repairs, maintenance & equipment by £5.7k, an increase in youth ministry expenditure by £2.4k and hospitality by £2.Ik partially offset by reductions in building costs by £19.4k (this was expenditure incurred in the previous year in relation to legacy work for planning applications for our premises at Seacliff Road). Movement in Funds may be summarized as follows: Ministry £k 125.9 (123.8) Building Mission £k £k 248.8 55.6 (0.8} (48.8) 248.0 6.8 Totsl £k 430.3 (173.S) 256.8 Income Expenditure Surplus Transfer in funds (1.5) Opening balance 1/04/23 188.1 292.9 489.0 Closing balance 31/03/24 Note there are small rounding dlfferences In the above table 191.7 540.9 13.3 745,9 The transfer in funds relates to expenditure incurred for mission purposes through the Ministry Fund and which are then reimbursed by the Mission Fund. Reserves Cash and short-term investment reserves at 31 March 2024 totslled £544.9k (2023.. £335.5k). Whilst the church is seeking to upgrade its premises the trustees, reserve policy is to continue to build up building fund cash reserves, maintain at least £4k in mission cash reserves and maintain general cash reserves at a level to service the day-to-day running costs. This policy will be 14
reviewed once we have suitable premises. Future Strateglc Plans Our vision is to: "Follow Jesus, Make a Difference and to Grow New Disciples in Bangor, our Land and across the World." In pursuit of that vision in the forthcoming year to March 2025, Kings Church plans to strategically develop in the following areas - Bulldlng Projert We plan to commence the full project after the summer of 2024. This will require us to move out of the building for a number of months. At the time of writing this Annual Report we have secured alternate premises from our Methodist friends in Bangor for which we are most grateful and work on Seacliff Road is commencing. Pastoral Care We are aware that our move from Seacliff Road premises will cause some disruption to our normal life as a church. A key emphasis will therefore be to reinforce church family relationships through strengthening our Connect Groups and other informal and more fonnal relational gatherings. Outreach We want to grasp any new opportunities that may come with our temporary change in premises. We also want to develop existing areas of outreach. An Alpha Course in our temporary premises is planned to start after the summer. We are also planning a residential for the youth in September 2024. We will continue our work in the local hotel with asylum seekers seeking to help them with their English and build friendships. Beyond Klngs We want to strengthen our connection with local churches in the area and within our Tobar network. We plan to play a part in the local Bangor Light of the World praise and prayer initiative and encourage our ties with churches in the Tobar network through its conference and other more informal gatherings, 15
Trustees, responsibllltles In relatlon to the flnanclal statements The charity trustees are responsible for preparing a trustees, annual report and financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the charity trustees to prepare financial statements for each 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, of the charity for that period. In preparing the financial statements, the trustees are required to: • select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; prepare the financial ststements 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 that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial ststements. Approved by the trustees and signed on their behalf: P&TM Peter Johnston Chair of Trustees 29 September 2024 16
KINGS FELiL)WSHIP (BANGOR) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 ARCH 2024 Unrestricted Fundj General Designated 2024 TotAI 2023 Total Income and endowments Donations and legacies Income froTn other trading activities Investment income 119.153 6.715 291.244 410,397 6,715 13,211 173,913 6,179 1.486 13,2ll Total income l25 868 304 455 430 323 181578 Expenditure Expenditure on charitable activities 123,832 49,635 173.467 167,707 Total expenditure 123 832 173 467 167,707 N¢t movement in funds 2,036 254,820 256,856 13,871 TransfeTS 1,500 (1,500) Retonclllation of funds: Total funds brought forward 188.131 300.911 489.042 475,171 Total funds Lqrried forward 191667 554 231 745 898 489 042 The notes on pages 19 to 23 fomi part of these accounts 17
KINGS FELLOWSIIIP (BANGOR) BALANCE SHEET 31 MARCH 2024 2024 2024 2023 2023 Flxed Asjets: Tangible assets 200,751 152,426 Current Debtors Short tenn inveslments Bank and cash 2,914 444.535 100 342 547,791 4.519 281,486 340,013 Credltors: Amounts falling due wlthln one year Net current assets 545.147 336,616 Total net &98ets 745 898 489 042 Fund8 of the Charlty Unrestricted Income funds: General Designat¢d 191,667 554,231 188,131 300,911 Total Cbarity funds 745 898 489 042 Approved by the Trustees on 29 September 2024, and signed on their behalf by.. Peter Johnston Cliff Courtney The notes on pages 19 to 23 forn] part of these ounts 18
KINGS FELLOWSHIP (BANGOR) NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024 Accounting policies Basis of aceountlDg These financial stafrments have been pre¢d in compliance with FRS 102. 'The Financial Repx)rting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Golng concern The financial ststements have been prepared on the going concern basis as the Trustees regard the charity as having sufficient resources to continue to operate for the foreseeable future. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds a unrestricted fimds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imsed by the donor. Fixed g&sets All fixed assets are recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of the asset, less its cstimatcd residual value, over the useful economic life of that asset as follows: Equipment: 25 % straight line Jncoming resources All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with Teasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. 19
Bank interest paid The charity writes off directly attributed EM)rrowing costs to the Statement of Financial Activities in the riod in which they are incurred. Donations and legacies Unrestricted Funds General Designated 2024 Total 2023 Total Donations for Ministry Public offerings Donations for missions Donations for building account Grant from Chariti¢s Other gifts r¢c¢iv¢d Tax refunds from Inland Revenue 90,116 335 90,116 335 45.105 108,524 108.000 6,879 51.438 80,811 1,223 33,622 22,657 45,105 108,524 108,000 6,879 21,823 3,752 31,848 29,615 119 153 291244 410397 173 913 Income from other tradlng Aellvltles Unrejtrleted Funds General Designated 2024 Total 2023 Total Rent from Building 6,715 6,715 6,179 Inve8lment income Unrestricted Funds General Designated 2024 Total 2023 Total Bank int¢St 13,211 13.211 1,486 20
Expenditure on charitable aetivities Unrestricted Funds General Designated 2024 Total 2023 Total Salaries Watw rates Insurance Heat & light R¢pair& maintenance & equipment Cleaning T¢l¢phone Printing, postage & stationery Computer costs Travelling & conferences Youth Ministy Outreach Gifts Building costs Hospitality Sundry ¢xp¢nses Bank char8es & interest 64,841 1,302 4,041 10,429 14.555 1.221 1,157 64.841 1,302 4,041 10,429 14,555 1,221 1,157 999 1,319 442 4,389 3,448 55.975 66,188 725 3.326 12.874 8,898 950 1,074 997 1.557 2.507 2,(M) I 1,602 41,053 19,375 3.028 7lO 1,319 442 4.389 3,448 7,143 48.832 5.623 2,020 903 5,623 2,823 903 803 123,832 49,633 173,467 167 707 Tangible fixed a88ets Seacliff Road Buildin8 Equipment Total Cost As at l April 2023 Additions Disposals AS at 31 March 2024 152,426 48,325 20,576 173,002 48,325 200751 221327 DeprKiation As at l April 2023 Charge for year As at 31 March 2024 20,576 20,576 Net book value As at 31 March 2024 200,751 200,751 As at l April 2023 152 426 152 426 21
Debtors 2024 2023 Gift aid tax recoverable Other debtors 2.914 4,519 2,914 4,519 Creditors: Amounts fAlling due within one year 2024 2023 Other creditors Deslgnated funds Th¢ Church operates two designated funds: Building Fund - The building fund will be us¢d to rerb]sh the accommodation at Seacliff Road. Mission fund - This fund is used to support various missionaries throughout the world. Building Fund Mission fund 2024 Total 2023 Totsl Income 248,832 53,623 304,455 71,877 Expenditure.. Costs Te PTemis¢s Gifis 803 803 48,832 19,375 37.325 48.832 Totsl expenditur¢ 803 48,832 Net movement in funds 248,029 6.791 254,820 15,177 Transfer to Unrestricted general funds (1,500) (1,500) (1,5(K)) Total funds brought forward 292,885 8,026 300,911 287,234 Total funds carried forward 540 914 554 231 300911 22
10. Related Party Transartlons During the year the following payments were made to trustees and connerted persons as permltted by clauses 5 and 28 of the Trust Deed: Year to 31 March 2024 Salary Penslon Expenses Professlonal Reclalmed SeIceS Servlces Provlded Peter Johnston (trustee) Lead Pastor 1,200 Year to 31 March 2023 Salary Penslon Expenses Professlonal Reclalmed servlces Servlces Provlded Peter Johnston (trustee) Lead Pastor 1,200 laSn Stewart* (Architect) Archltectural Fees 17,335 Lesley Stewart (wlfe of Ialn Stewart) Administration 9,802 'resigned as trustee on 10th lanuary 2023 The notes on pages 19 to 23 forni part of these accounts 23
INDEPENDENT EXAMINER'S REPORTTO THE CHARITY TRusfEES OF KINGS FELLOWSHIP (BANGOR) I report on the accounts of the Trust for the year ended 31 March 2024, which are set out on pages 16 to 23. RESPECTIVE RESPONSIBILITIES OF CHARITY TRUSTEES AND EXAMINER As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It Is my responsibility to: Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charity Act stste whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT I have examined your charity accounts are required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charity ACL My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charity Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting records of the Charities Act That there is further infonnation needed for a proper understsnding of the accounts to be reached. 24
INDEPENDENT EXAMINER'S ATEMENT Since your charitys gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Association of Chartered Certified Accountsnts which is one ofthe listed bodies. I have completed my examination and have no concerns in respect of matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Michelle Robinson Chartered Certified Accountsnt 17 Grays Hill, Bangor, Co Down, Date: 29 September 2024 25