Kings Church Bangor Annual Report and Financial Statements for the year ended 31st March 2025
Charity no: NIC102752 Contents Page General Information Governance and Staffing Structure Acknowledgements Aims, Objectives and Public Benefit Main Activities 9-14 Financial Review 15 Future strate.C Plans 16 Trustees, responsibilities in relation to the financial statements 17 ststement of financial activities 18 Balance sheet 19 Notes to the Financial Statements 20-24 Independent examinerfs report to the charity trustees 25-26
General Informatlon Name of or8anlsation Other name Kings Fellowship (Bangor) Kings Church Bangor Charity no. 102752 Reglstered office address 196 Seacliff Road, Bangor, County Down, BT20 SHA Contart Details Website: www.kingschurchbangor.org Email: office@kingschurchbangor,org Legal status Kings Fellowship (Bangor), established in 1985, is a registered charity and currently operates under a Trust Deed dated 19th March 2015. Its 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 Sollcltor CMG Solicitors 20 May Street Belfast, BTI 4NL
Governance and staffing Structure Leadership Team The team provides spiritual leadership, general oversighc pastoral care and direction for all that happens in and through the church. The leadership team in place during 2024/25 were: Peter Johnston Lynn Johnston Sam Deakin lain Stewart Lesley Stewart William Thompson Ruth Justin Stevie Garrett Sam Howard O'oined I September 2024) 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 a term of three years which can be renewed by a resolution of the Trustees. In selecting indlviduals 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. Jonny Watters was appointed as a trustee on 22 May 2025, 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 Stevie Garrett Ruth J ustin Lead Pastor Assistant Pastor Administrator and Global Mission Coordinator Communications and Social Media Caretsker Youth Pastor Children's Pastor
Acknowledgements Appreciation is expressed to the stsff and many volunteers of the church who have put in so much time and effort during the pastyear. Without this help, the church would be ineffective. The trustees express their appreciation for the faithfulness in giving by many members ofthe 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. We are also grateful for the grants provided during the year from the Beatrice Laing Trus¢ Garfield Weston Trust, Ardbarron Trust and other trusts.
OurAims and Oblertlves 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. erenc As we passionately seek God's heart, we want to take 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 impac( love, and serve those who live nearby. rla 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: mi. We welcome each person into our diverse multi-generational family, authentically loving and supporting one another through the ups and downs of life. ELS£ll£' We desire to be continually filled and led by the Holy SpiriL seeking His transforming presence in our gatherings and daily lives. L. We pursue, proclaim, and practice the freedom-giving message of God's biblical Truth in an uncertain world. Love: We express radical and sacrificial love through tangible 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 Charitys 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 Priorltles 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 2024/25 and the extent to which they were achieved: Bulldlng Project We plan to commence thefull pmject after the summer of 2024. This will require us to move out of the buildingfora number of month& At the time of writing this Annual Report we have secured alternate premisesfn)m our Methodistfriends in Bangorfor which we are mostgmteful and work on Seocliff Road is commencing. The building project commenced in September 2024 and we moved to alternate premises at Queens Parade Methodist Buildin& At the time of completing this Annual Report (October 2025) we are in the process of moving back to our renovated premises at Seacliff Road. Pastoral Care We are aware that our movefrom Seacliff Road premises will cause some disruption to our normal life as a church. A key emphasis will therefore be to reinfor church family relationships thmugh strengthening our Connect Gmups and other informal and morefornial relotionalgatherings. We have continued to reinforce the importance of church family relationships during our time out of our normal building. The church family has responded with grace and flexibility to our temporary change in premlses. Whilst the space has been tight for some activities (particularly for the children) we have continued to be strengthened through our Connect Groups and other gatherings. Our numbers continue to grow. Outreach We want tograsp any new opportunities that may come with our tempomry change in premises. We also want to develop existing areas of outreach. An Alpha Course in our tempornry premises is planned tortart ofter the summer. We are also plonning a residentialfor theyouth in September2024. We will continue our work in the local hotel with asylum seekets seeking to help them with their English and buildfriendship& We were able to run an Alpha Course at the temporary premises in the autumn of 2024 and the youth went on a successful residential trip in September 2024.
Our Create Space gathering on Friday mornings in the Fountain Centre at Queen's Parade thrived with some new people with some joining us. The Community Choir adapted to the change in premises and has reached out into the local community. We continued to join with other churches in providing English Speaking Classes to the asylum seekers in the local hotel. The hotel hanged from housing all men to all women during the year and we were able to adapt- successfully drawing in more women from other churches to work with us. Beyond Klngs We want to strengthen our connection with local churches in the areo and within our Tobor network We plan to play a part in the local Bangor Light of the World praise and prnyer initiative and encourage our ties with churches in the Tobar network through its conference and other more infornialgatherings. An unexpected benefit of the temporary move to Queens Parade was the extent to which we have been welcomed by other churches in Bangor. We have played an active part in Light of the World (hosting some of the gatherings) and took part in Bangor Holy Week over Easter 2025 (again hosting one of the evening meetings). Our ties with churches in Tobar continue to strengthen with some speakers from Tobar preaching at Kings. Summary ofHowWe 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 14. 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 stsbility 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 chuFch staff, volunteers and also external courses and events. Our group actlvlties were well attended: Men's Group (Kingsmen), Women's Group, (Gather), children's groups (Kings Kids Sunday, mothers and toddlers group (Kids and Co) (although it had to close with the move to the temporary premises in September 2024), 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 charitable 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 Actlvities Our activities during the year were heavily influenced by our temporary relocation from our permanent premises of 196 Seacliff Road in September 2024. The Church moved to Queen's Parade Methodist Church where we adapted our activities whilst also having to pause some ministries and start new ones. 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; Our main weekly gathering takes place at 10:30 a.m. on Sunday mornings. This year, we met across two venues, enjoying times of connection, sung worship, teaching from the Bible, and prayer for our lives and for the world around us. We welcomed a number of new people into our community, hosting two newcomers, lunches that saw 13 adults attend, most of whom chose to make Kings their home. Attendance remained steady across the year, with a 2 % increase in adult numbers compared to the previous year averaging around 115 adults each Sunday. When we moved buildings in September, our livestreaming setup was paused, but we continued to upload recordings of our services within a few hours. These videos received around 50 views each week. Our gatherings remain centred on worshipping God, studying Scripture, and praying for one another. A key focus this year was looking at the "God stor,, the book of Colossians, "Welcome" and "Worship" Evening: Our monthly Sunday evening Presence Gathering continued on the third Sunday of each month. Meeting at 7:30 p.m,, these relaxed and unstructured services focus on extended worship and creative response to a monthly theme. Around 40 adults attended each month. Connert Groups: Our Connect Groups small communities of 6 to 20 people meet weekly or fortnightly to build relationships, grow in faith, and live out our Church vision. Each group focuses on one or rnore of our four core values. We've seen growth in both the number of groups and the number of people signing up. Around 45% of Kings adults are now part of a Connert Group. These groups support one another, reach out to our local community, and maintain partnership with our global missionaries.
Teams All ministries at Kings run through the dedication of volunteer teams, many of which are supported by staff oversight Our Church simply could not accomplish what it does or pursue its future vision without our incredible volunteers. We currently have 95 individuals serving across various teams. Each team receives safeguarding training and regular input from its ministry leader. Once a year, we host our Teams Party to celebrate and thank all our volunteers for their faithful service. Men's Ministry Our men's ministry, Kingsmen, launched last year has continued to grow. The group meets monthly on Sunday evenings for community, conversation, and fun often including refreshments and games. This space allows men to support one another in their walk with God. Every few months, the men also gather for breakfast events featuring guest speakers, to which friends, family, and colleagues are invited. These have been well received by the wider community, Walking football was a regular part of the ministry but has now stopped due to reduced attendance. Women's Ministry After a pause in recent years, Gather our women's ministry - experienced a fresh vision and new core team this year. Events included a breakfast gathering and a Christmas craft morning, both of which provided opportunities for connection, encouragement, and community engagemenL Many attendees invited friends from outside Kings, helping others encountsr the warmth of our Church family. 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 planting, church pastoral work developmen¢ evangelism, fundraisin& medical work, outdoor pursuits, teachin and working with refugees and asylum seekers. One lady paid a visit to N Africa to see her friend involved in health care work Another couple visited Nepal to check on the work of their partners and to see how their projects were developing. We have a Global prayer meeting 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 had several "mission focus. Sundays throughout the year. At one of these services, we had a visiting speaker from Bangor World Missionary Convention that has been running for over 80 years. 10
In addition, we were delighted to host the Abaana New Life Choir frorn Uganda. The evening raised funds to transform children's lives through sponsorship while offering a joyful time of worship and inspiration for all who attended. Kings Storehouse: Storehouse North Down is a project bringing together different agencies to fight food poverty throughout the North Down area and beyond. Members ofthe congregation are invited to regularly donate suitsble food products that are then collected and taken to the Storehouse premises for distribution. This is done regularly with extra times taken throughout the year for bigger collections, Friends Group: This is our group for adults with learning disabilitles, their carers and friends. The group provides opportunity for friendship, fun and learning to follow Jesus together. It meets fortnightly and has 25 regular attendees including 8 volunteers and support staff. The group has been able to meet regularly 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 Local Ministry During the year, a number of asylum seekers were housed in a nearby hotel, providing an opportunity for our Church to serve. On Tuesday evenings, a small team visited to offer friendship and English lessons, while also providing practical support such as clothing, books, and shoes. We also ran an Alpha Course a 10-week journey exploring faith and life's big questions, Many participants were new to faith, and the course was led by dedicated Church volunteers. A few times throughout the year, we visited a local nursing home to sin& share, and pray with residents. Family Equipping Across the year, we hosted several events to equip families at different stages of life. A 4-week Fatherhood Course supported over 20 dads in their parenting journey, and a number ofparents attended Care for the Family events designed to strengthen and encourage families through teaching and discussion. We also invested in marriages by sending 10 couples to attend Going the Distsnce, a marriage enrichment event run by a church in BelfasL
Community Fridays Our Friday ministries, Create Space and Community Choir, continue to grow. Create Space offers a welcoming environment for creativity and connection, People from both Kings and the local community bring sewin& artwork and other projects to work on together, while enjoying refreshments and games. It has also become a place where local asylum seekers feel valued and included a space to build friendships, learn new skills, and practise English. Our Community Choir has over 20 regular members, most from the wider Bangor area. Many are not part of Kings, making the choir a wonderful bridge of community and shared joy through music. Wider Events: Throughout the year, Kings participated in several key gatherings: NUA Festival in Newcastle attended by over 20 members, providing space to worship, connec¢ and grow with other churches. Tobar Conference in Lisburn a one-day event uniting churches from the Tobar network, of which Kings Church is a part Light ofthe World (LOTWI a monthly prayer and worship gathering of Christians in Bangor, interceding for the city. Many from Kings attend, and some leaders help facilitate the events. Holy Week Gatherings during Easter week, Kings partnered with four other local churches to host nightly gatherings across different venues, deepening unity and shared mission in our city. Prayer: Prayer is central to everything we do at Kings. Alongside prayer within our ministries, we held several dedicated prayer gatherings throughout the year, including a new Monday night prayer time and a Friday morning men's prayer meeting. We also continued our thrice-weekly Zoom prayer meetings, connecting people locally and globally - including missionaries across the world. These times of intercession link closely with our monthly Global Prayer Meeting. Building Redevelopment: In September 2024, we moved out of 196 Seacliff Road to begin a major redevelopment projecL We appointed a main contractor after securing funding through grants, a bank loan, and the generous giving ofour members. This redevelopment marks an exciting new season for our Church. We eagerly anticipate returning to our renewed building in 2025, ready for the next chapter of ministry and mission. 12
Youth Ministries: Kings Church has a deep passion to serve young people both within our Church and across our local community. Our youth ministries aim to create spaces where young people can encounter God, grow in faith. and build lasting friendships. Kings Youth Fellowship.. Kings Youth Fellowship (KYF) meets most Sunday evenings for fun, games, and times of discipleship, Together, our young people explore the Bible, discuss relevant topics, and encourage one another in their walk with Jesus. This year, a few new Members joined the group, bringing fresh energy and enthusiasm. As a result, the group has grown slightly in size and depth of connection. We also launched midweek KYF Discipleship Groups, meeting every other week for those who want to go deeper in worship, prayer, and Bible study. These smaller gatherings have helped young people Strengthen their faith and build closer community. In September, the youth went on a weekend away filled with laughter, games, deep conversations, and spiritual growth. It was a highlight of the year and an important time for the group to bond and encounter God together. Kings Youth Sundays: Our twice-monthly Sunday morning breakfasts continued; we gather in the balcony room to explore faith together- at times revisiting a sermon series or often using other resources to follow a particular topic for a time. Children's Ministries: Kings Kids Sundays: Our Kings Kids ministry continues to flourish, with around 50 children attending each week and 40 volunteers serving across the month, We offer four age- specific groups, along with a space for parents and carers with younger children. When we moved to Queen's Parade, our available space was more limited, so the 4-11 age group met together for longer before splitting into smaller sections. Despite the change, the sessions remained fun, carin& and interactive teaching children about God, faith, and Church life in creative ways that meet their varying needs and abilities. Throughout the year, we enjoyed several special moments together: A family trip to the farm, which included both children and parents. A fun outing for older children to the bowling alley. 13
An Autumn Celebration as an alternative to Halloween well-attended evenL a joyful and A Christmas Party to celebrate the season together. We also placed renewed ernphasis on family prayer, encouraging children to take part in all-church prayer gatherings and helping parents grow in leading prayer at home. Several new babies were born this year, and we were privileged to dedicate a number of them during our Sunday services always a joyful highlight for our community. Kids & Co: Kids & Co is our long-running Parent and Toddler group, which meets on Tuesday mornings. It provides a welcoming space for parents, grandparents, childminders, and carers with babies and toddlers of pre-nursery age. On average, 40 children and 30 adults attend each week most from our local community who don't regularly attend Kings. The sessions include playtime, crafts, singin& and refreshments, all run by a dedicated volunteer team. After 18 years of continuous ministry, Kids & Co paused in September due to the building relocation and limited facilities at our temporary venue. We plan to relaunch the group once we move back into our newly renovated buildin& continuing this much-loved outreach to local families. 14
Flnancial Revlew Income for the year totalled £393.8k (2024: £430.3k) and expenditure totalled £171,3k (2024: £173.5k) leaving a surplus for the year of £222.5k (2024 surplus £256.8k). The main movements between the two years are largely as a result of the following: Donations to the building fund decreased from £108.5k in 2024 to £99.4k in 2025. The building fund received grants of £90k (£108k 2024). Donations for Ministry & missions, public offerings and other gifts decreased in the year by £10.5k to £131.9k As a result of the decrease in giving as described above tax refunds from gift aid decreased by £3.8k to £47.6k Rentsl for use of the building increased by £5.2k to £11.9k (including £IOk for renting the building out as a film location). Expenditure decreased by £2.2k to £171.3k. Within that there were a number of more significant movements. Salaries increased by £10.5k due to full employment of staff in the current year whilst in the previous year there were gaps in employment ofa Youth Worker for 9 months and a Children's worker for 2 months; we paid rental of £9k for our temporary premises at Queens Parade Methodist Building (previous year nil); we stsrted to pay loan interest (loan to help fund the building project) during the totaling £5k (previous year nil). These increases were more than offset by decreases including heat & light of £3.4k, decrease in repairs, maintenance & equipment of £12.Ik (as funds spent on the building project), a decrease in outreach/alms of £2.9k and a decrease in missions gifts of £5,7k Movement in Funds may be summarised as follows: Ministry £k 119.5 (123.0) (3.5) Building £k 232.7 (5,2) 227.5 Mission Total £k 393.8 (171.3) 222.5 £k 41.6 (43.1) (1.5) Income Expenditure Surplus Transfer in funds (13.5) 15.0 (1.5) Opening balance 1/04/24 191.7 540.9 13.3 745.9 Closing balance 31/03/25 Note there are small roundin8 dlfferences In the above table 174.7 783.4 10.3 968.4 The transfer in funds relates to expenditure incurred of £1.5k for mission purposes through the Ministry Fund and which are then reimbursed by the Mission Fund and a transfer of £15k from the Ministry Fund to the Building Fund to support the Building Project 15
Reserves Cash and short-terni investment reserves at 31 March 2025 totslled £239.8k (2024: £544.9k). The decrease is due to the commencement ofwork on our building project in the current year. Whilst the church is seeking to upgrade its premises the trustees, reserve policy is to hold sufficient building fund cash reserves to complete the building project, 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 reviewed once we have completed the building projecL 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 2026, Kings Church plans to strategically develop in the following areas - Buildfing Project We plan to complete the full project after the summer of 2025 and move back to Seacliff Road Premises. At the time of writing this Annual Report we expect to be back in Seacliff Road in October 2025. Pastoral Care We will continue to emphasise our value of Family during this time of change. A key emphasis will therefore be to reinforce church family relationships through strengthening our Connect Groups. At the time of writing this report we have increased the number of Connect Groups to nine with one starting in Donaghadee and another starting to meet during the daytime. Outreach We want to grasp any new opportunities that may come with moving back to our premises at Seacliff Road. We plan a Community Day for the local community for those who are curious to see how the building has changed. We will also celebrate our 40th anniversary as a Church. We plan to use the new Community Area to good effect in attracting people into the building. 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 further strengthen our connection with local churches in the area and within our Tobar network. We plan to continue to play a part in the local Bangor Light of the World praise and prayer initiative as well as a planned interchurch Christian Against Poverty (CAP) Group and Bangor City Chaplaincy. We will further develop our ties with churches in the Tobar network through its conference and other more infonnal gatherings. 16
Trustees, responslbillties in relation to the finandal statements The charity trustees are responsible for preparing a trustees, annual report and financial statements 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 ststements, 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 inappropriats 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 Unitsd Kingdom governing the preparation and dissemination of financial statements. Approved by the trustees and signed on their behalf: Pk nfl Peter Johnston Chair of Trustees 28 October 2025 17
KINGS FLLLOWSHIP (BANGOR) STATEMEyf OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Unrestricted Funds General Designated 2025 Total 2024 Total Ineome And endowments Donations and legacies Income from oth¢r trading activities Investment income 117,619 1,906 251,349 10,000 l2,940 368,968 11.906 12.940 410,397 6,715 13,211 Total income 119525 274 289 393 814 430 323 Expenditure Expenditure on charitable activities 122.962 48,338 171.300 173.467 Total expenditure 122 962 171300 173 467 Net movement in funds {3,437) 225,951 222,514 256,856 Transfers (13,500) 13,500 Reconeillatlon of funds: Total fidS bTought forward 191,667 554,231 745,898 489,042 Total funds carried fornard 174 730 793 682 968 412 745 898 The notes on pages 20 to 24 forni part of these accounts 18
KINGS FELLOWSHIP (BANGOR) BALANCK SHEET 31 MARCH 2025 2025 2025 2024 2024 Fixed Assets: Tangible assets 836.535 200,751 Current &8sets: Debtors Short tenn inveslments Bank and cash 4,604 12.513 227 309 244,426 2,914 444,535 100 342 547,791 Credltorj: Amounts falling due wlthin One year Net eurrent agsets 241,559 545,147 Bank loan ( I10,O(K)) Total net assets 968412 745 898 Fundj of the Charity Unrejtrleted in¢onJe funds: General Designated 174,730 793,682 192,667 554,231 Total Charity funds 968412 745 898 Approved by the Trustees on 28 October 2025, and sign¢d on their behalf by, Peter Johnston Cliff Courtney The notes on pages 20 to 24 forni part of these accounts 19
KINGS FELLOWSHIP (BANGOR) NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 Accounting policies Basis of accounting These financia] statements have been prepared in compliance with FRS 102, 'Th¢ Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststement of Recommended Practice applicable to charities Preparing their accounts in accordance with 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 statements 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 aceounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted fimds eannarked by the trustees for particular pur}ses. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. Fixed assets All fixed assets are recorded at cost. Depreciation Depreciation is calculated so as to WTite off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipment: 25 % straight line Incoming resources All incoming resources are included in the Statement of Financia] Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable 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. 20
Bank interest paid The charity writes off directly attributed borrowing costs to the Statement of Financial Activities in the rIOd in which they are incutred. Donations and legaeies Unrestricted Fund8 General Designated 2025 Totsl 2024 Totsl Donations for Ministy Public offerings Donations for missions Donations for building account Grant from Charities Other gifts received T&x refunds from Inland Revenue 91,480 932 91,480 932 34,491 99,407 90,000 5,030 47,628 90.116 335 45,105 108,524 108,000 6,879 51,438 34,491 99,407 90.000 5,030 20.177 27,451 117619 251,349 368.968 410397 Income from other trading activities Unrestricted Fund8 General Designatsd 2025 Total 2024 Total Rent from Building 1,906 10.000 11,906 6,715 Investment Ineome UDre8tricted Funds General Designated 2025 TotAI 2024 Total Bank interest 12,940 12,940 13,211 21
Expenditure on tharitable activities Unrestricted Funds General Designated 2025 Total 2024 Total Salaries Rent and water Tat¢s Insurance Heat & light Repairs maintenance & equipment Cl¢aning Telephone Printing, postage & stationery Computer costs Travellin8 & conferenc¢s Youth Ministy Outreach Gifts Hospitality Sundry expenses Bank chaTges & interest 75,345 10,424 6,423 6,964 2.498 523 979 197 1.310 840 5,577 548 4.287 3,853 2,863 331 75,345 10,424 6,423 6,964 2,498 523 979 197 1,3lO 840 5,577 548 47,430 3,853 2,983 5,406 64,841 1,302 4.041 10,429 14,555 1,221 1,157 999 1.319 442 4,389 3,448 55.975 5,623 2,823 903 43,143 120 5.075 122 962 171300 173 467 Tangible fixed a98ets S¢acliff Road Building Equipment Totsl Cost As at l April 2024 Additions Disposals As at 31 MaT¢h 2025 200,751 636,102 20,576 221,327 636,102 836 853 857 429 Deprlation As at l April 2024 Charge for year As at 31 March 2025 20,576 20,576 Net book value As at 31 March 2025 836 853 836,853 As at l April 2024 200 751 200751 22
Debtors 2025 2024 Gift aid tax recoverable Other debtors 3,400 2,914 2,914 Creditors: Amounts f8lllng due withln one year 2025 2024 Other creditors 2,867 2.644 Bank IA)an 2025 2024 110000 110000 A 15 ye8r bank loan facility of £500,000 secured on the building at 196 Seacliff Road Bangor is in place. At 3 l March 2025 £110,000 been drawn down on the facility. The rate of interest on the loan is variable with the first y&qr's repayments b¢ing inteSt only. 10. Designated fund8 The Church operates two designated funds: Building Fund - The church is in the process of developing the premises at S¢acliff Road. This fund is used to cover costs associated with this development. Mission fund - This fund is used to SUPPOn various missionaTies throughout the world. Building Fund Mi88lon Fund 2025 Total 2024 Total Income 232.716 41,573 274,289 304,455 Expenditure.. Costs re premises Gifts 5,195 5,195 43,143 803 48,832 43,143 Total expenditure 5,195 43,143 48,338 49,635 Net movement in fimds 227.521 (1,570) 225.951 254,820 Transfet to Unrestricted general funds 15,000 (1,500) 13,500 (1,500) Total funds brought forward 540,914 13,317 554,231 300,911 Total funds carried forward 783 435 793,682 554,231 23
11. Related Party Transactfions During the year the followlng payments were made to trustees and connected persons as permitted by clauses 5 and 28 of the Trust Deed: Year to 31 March 202S Salary Pension Expenses Professlonal Reclalmed servlces Servlces Provfided Peter Johnston (trustee) IEad Pastor 2,400 20 Lynn Johnston (wife of Peter lohnston) Leadership Team 20 Sam Deakin (trustee) ' Assistsnt Pastor 31,556 2,313 1,014 Year to 31 March 2024 Salary Penslon Expenses Professlonal Reclalmed servlces Servlces Provlded Peter lohnston (trustee) Lead Pastor 1,200 •Sam Deakin was appolnted as a trustee on 11 May 2024. Included in Sam Deakin's expenses reclaimed is a counselling course which will be of benefit to the church as a result of the skills that he has gained. None of the payments made above were in respect of work carried out as a trustee. As part of the redevelopment of the Seacliff Road site the trustees have elected to utilise members of the church to provide a variety of services. These transactions have been performed at an arm's length basis and the trustees have followed due process in ensuring that these transactlons represent value for money for the church. There have also been countjess volunteer hours given to the project and the trustees wish to extend thelr immense gratitude for this. The notes on pages 20 to 24 forni part ofthese accounts 24
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 2025, which are set out on pages 17 to 24. 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 State 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 Act 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 state 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 ofthe Charities Act That there is further information needed for a proper understsnding of the accounts to be reached, 25
INDEPENDENT EXAMINER'S ATEMENT Since your charitys gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni that l am qualified to undertake the examination because l am a registered member of the Association of Chartered Certified Accountants which is one of the 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,, zg OGÈJcr 2025 26