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KTLCC Finance Update

Following the completion of the external audit of the Church’s accounts for the financial year ended 30th September 2020, we are delighted to be able to present a short financial update setting out some of the financial highlights.

Income
Thank you for your faithfulness and generosity in your on-going financial support, particularly during the Covid-19 pandemic, and for adopting the methods of giving that have been available to us during this time. As a result, we are pleased to report that general giving has remained consistently strong throughout the year. Your faithful generosity provides the financial foundation on which KT is able to minister in reaching London and the World for Christ. In addition to general giving, you have generously supported KT’s missions led by our Senior Minister, Sword of the Spirit training, the KT Food Hub, and the Naomi Children’s Fund.

Expenditure
KT tithes on its general income. Just under half of the church’s financial resources are then invested in the ministries of personnel who serve to facilitate the broad array of the church’s ministry activities. Ministers and staff are supported by several hundred very talented and committed members who volunteer thousands of hours in cell ministry, during services, on encounters and in many other ways. Approximately a quarter of the church’s resources are utilised in financing and running the church’s properties, which serve to accommodate and facilitate much of the church’s ministry activities.

Cost reductions were made as soon as lockdown restrictions were introduced, with particular emphasis on travel, events and publications. Overall, the 2019/20 financial year shows a surplus of 1.9%. We give thanks for this remarkable achievement, particularly given the severity of the restrictions that the church has operated under during the second half of the financial year.

Network Churches
Kensington Temple London City Church comprises a network of 26 churches that operate alongside KT across Greater London and beyond. Their accounts are consolidated at KT and they make a very valuable contribution to the finances of the Church as a whole.

Audit, governance and compliance
Kensington Temple is part of the Elim Foursquare Gospel Alliance (Elim), registered charity 251549. Further details, including those of KT’s annual external audit, can be found in the financial update.

Read the financial update here (longer read – Sept 2020)

Jonathan Gwilt

Jonathan Gwilt

Finance Director

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[2 minute read] Senior Minister Colin Dye has launched a pioneering online Bible school for the converts from Islam in Central Asia and Caucasus. The Bible school is using Colin’s Sword of the Spirit video series which has been translated into Russian as a study material, and it includes live interactive teaching sessions where believers in the region can find answers to difficult questions.

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[2 minute read] The greatest man to ever live, Jesus Christ, had a transformational ministry like no other that still impacts us till this very day!
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[2 minute read]
Many of us know Roberts Liardon. He s a great friend of Kensington Temple and has visited many times. Less well known to us personally, but playing a vital role in his ministry is his mother, Carol, who passed away earlier this month. Click for video from Colin Dye.

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Monday 12 April was a very big day in our country as it marked the re-opening of outdoor cafes, restaurants and pubs, as well as hairdressers, gyms, and swimming pools. Seeing the High Street busy and shopping and town centres come alive again, one senses a cautious sense of euphoria.

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X-change – Staying in touch!

[ 3 minute read] Imagine a world where you can ask a question, make a request, register for training, or book time with a pastor without having to contact or go into Kensington Temple. Welcome to X-change – Kensington Temple’s own one-stop online system designed for you.

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KENSINGTON TEMPLE
Kensington Park Road
Notting Hill Gate
London W11 3BY

T 020 7908 1700

info@kt.org

PART OF THE ELIM FOURSQUARE GOSPEL ALLIANCE - elim.org.uk
Registered charity No 251549

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