REGISTERED CHARITY NUMBER: 1015766
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021 For
THE KING'S HOUSE TRUST
Ray Ankrah & Associates Limited Chartered Management Accountants 105 Bruce Grove
London N17 6UR
THE KING'S HOUSE TRUST
Contents of the Financial Statements For the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
THE KING'S HOUSE TRUST
Report of the Trustees For the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1015766
Principal address
4 Pegamoid Road Edmonton London N18 2NG
Trustees
Mr A Adeyemo Mrs O Ajayi Mrs O Peters Rev A Peters
Independent examiner
Ray Ankrah & Associates Limited Chartered Management Accountants 105 Bruce Grove London N17 6UR
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Aims and Purpose
The principal aim of the charity is the advancement of the Christian Faith, its values and ideals in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit. We also aim to relieve sickness and financial hardship, and to promote strong families and relationships.
We achieve these objectives by the provision of teachings, prayer, spiritual guidance and training provided mainly during our Sunday and Wednesday services.
The King’s House also remains committed to providing spiritual, emotional, pastoral, social, educational and practical support for its beneficiaries and anyone who needs our support – especially within the North London area. We also engage and organise local Community based initiatives and we collaborate with other local charities and voluntary organisations to aid members of our local Community. These initiatives are open to the public, as well as to our regular members.
Leadership
The trustees are responsible for setting yearly budgets and expenses. They are aware of their duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The Pastors and Core Leadership are responsible for providing Spiritual Leadership to members of the King’s House. They work closely with the trustees for the overall good of the Trust.
Every year, the Core Leaders attend Pastoral Meetings, Leadership training and workshops--where time is spent developing a corporate vision, sharing effective relational skills and best practices, and doing leadership appraisal. The Leadership meet regularly throughout the year. The Trustees usually meet with the lead Pastors twice during the year.
Staff and Volunteers
The King’s House Trust currently has two full time Pastors, two part-time Pastors, and one part-time building maintenance / admin staff. In addition, we have part-time volunteers and helpers who help with various duties and some of them get paid volunteer costs or travel expenses. We have five elders, and over 20 Team Leaders/Coordinators, who also work on voluntary basis, helping to provide pastoral care, advice, and leadership support for our growing committed membership of 170+ adults and 70+ youths and children. (This number does not include scores of people from the community who attend or visit us from time to time; in order to benefit from our regular inspirational Worship Services, Seminars, Workshops, Movies, Drama presentations and other Community events).
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Worship Services and Church life
We offer a range of Worship Services each week to cater for the needs of our growing multi-cultural congregation from about 20 different countries. All of these services are open to anyone to attend, and are regularly streamed live on social media. This way we are able to reach many more people in our local community and around the world. Our Sunday Family Service caters for all ages, with Sunday School & Youth Classes for Children and Youth, and a Crèche for Babies and Toddlers.
We also have weekly prayer meetings and weekly midweek Bible Study Services. Some of them done Online or via Zoom.
In addition, we hold other virtual meetings occasionally, such as small group meetings, Men’s meetings, Women’s meetings, and Couples Event. These meetings are also open to visitors, neighbours, friends and the wider Community.
The Crown Complex (The Church Building)
The Charity shares its facilities with another Charity called DIADEM. Rental funds received is recorded as income, but is paid to the Council for the lease of the building. We also share our small hall, classrooms and other rooms with other Community groups and individuals for an agreed contribution and all money received goes towards paying for the lease.
We continue to make sure that the building is in good repair and adequately insured. We have disability access to the building and our Health and Safety policies and Fire Safety procedures are in place, with serviced ADT intruder alarms and smoke detectors.
Bookshop
There is a small bookshop and resources stand that operates during our services and events, for the benefit of members and visitors. It provides and sells Bibles, relevant books, DVD’s, CD’s and other Christian resources at discounted prices. The sales from all these items also formed a small portion of our income this year. The bookshop was not in operation for most of the year, due to the Pandemic restrictions.
ACTIVITIES OF THE TRUST THIS YEAR:
Financial Sources
The activities of the charity are financed by regular contributions in the form of donations, gifts, offerings and ‘tithes’ from our members, beneficiaries, and individual supporters. This year, we received most of our donations from Online and Paypal giving.
Other sources of income include Gift Aid from HMRC and Crown Complex Income.
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Again this year, as a result of the generosity of our regular financial contributors, we’ve been able to provide Pastoral Support for our growing members, hold weekly Worship Services on Sunday’s and Wednesday – both virtually and inperson, engage in Community Outreach, support the vulnerable, maintain our Building, and accomplish so much more.
Outreach, Welfare and Missions
We invested approximately £20,093 on Community Outreach initiatives, Missions, Ministry, Ministers and Welfare Support for serving and reaching out to people through various outreach initiatives and Care ministries both within and outside the Church. This included sponsoring 6 children monthly through ‘Compassion’, supporting various ministers and ministries, and helping individuals in need.
The King’s House runs regular Community Outreach programs, seminars and from time to time distributes free motivational, ethical and moral literature dealing with Christian values. We offer free practical, emotional & spiritual advice and support where needed. Occasionally, token financial help (from our Welfare Fund) may be given to support people where the need is considered genuine enough. We are also privileged to have been able to give welfare support and gifts to some members of the trust, and also support a number of Missions, Ministries and Ministers the UK.
Events
Easter Events: On Easter Sunday, we had a Worship Service to celebrate the resurrection of Jesus Christ.
Pop-up Vaccination Centre: We opened our doors to our Community as our building was used as a COVID Vaccination pop-up Centre.
Water Baptism: 13 members made a public commitment as followers of Christ, as they got baptised.
Church Anniversary: TKH turned 21, and we celebrated during the whole month of September, with various special guests, art performances, and refreshments etc.
Youth Encounter: Our yearly Youth event took place to empower our Youth and equip them with tools to navigate life as teens and young adults.
Christmas Food Outreach: At Christmas, as a result of the generous donations from our members, we were able to give out 200 Food Hampers to struggling families in our Community and to various charities to distribute to their vulnerable users.
Other Activities:
- Couples Valentine Event: This took place virtually, to strengthen marriages in our Church, with Games, Fun and lot’s of surprises.
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The men and the women each had virtual meetings during the year.
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Mothering Sunday and Fathers day. Every Mother and Father in attendance received a token gift.
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Weddings: We had two wedding ceremonies and witnessed the marriage of two of our devoted members.
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Volunteers Appreciation: Every Church volunteer received a token 'thank you gift' at Christmas.
Internet
The Trust website is: www.thekingshouse.co.uk
ON BEHALF OF THE BOARD:
............................................. Date:.................................. Rev. A. Peters
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Independent Examiner's Report to the Trustees of THE KING'S HOUSE TRUST
I report on the accounts for the year ended 31 December 2021 set out on pages three to seven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
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Examine the accounts under Section 145 of the 2011 Act
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To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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To state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Ray Ankrah & Associates Limited Chartered Management Accountants 105 Bruce Grove London N17 6UR
Date: .............................................
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| THE KING'S HOUSE TRUST Statement of Financial Activities For the Year Ended 31 December 2021 Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Investment income 2 Incoming resources from charitable activities Charitable Activities Other incoming resources Total incoming resources RESOURCES EXPENDED Charitable activities Charitable Activities Governance costs Total resources expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.21 £ 200,450 1,729 49,450 31,353 282,982 203,350 880 204,230 78,752 478,030 556,782 |
31.12.20 £ 192,323 3,565 35,878 59,161 |
|---|---|---|
| 290,927 194,106 880 |
||
| 194,986 | ||
| 95,941 382,089 |
||
| 478,030 |
The notes form part of these financial statements
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| THE KING'S HOUSE TRUST Balance Sheet At 31 December 2021 Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand Prepayments Accrued income Accounts receivable NET CURRENT ASSETS CURRENT LIABILITIES Accruals and deferred income 8 Other creditors 7 TOTAL ASSETS LESS CURRENT LIABILITIES NON-CURRENT LIABILITIES(Amounts falling due after more than one year) Accruals and deferred income 8 Other creditors 7 NET ASSETS FUNDS 9 Unrestricted funds Current Years’ Earnings TOTAL FUNDS |
31.12.21 £ 9,009 20,000 515,104 6,560 15,160 576 557,400 566,409 (0.00) (3,063) 563,346 - (6,564) 556,782 478,030 78,752 556,782 |
31.12.20 £ 11,263 20,000 426,128 4,125 25,872 868 476,993 488,256 (0.00) (3,663) 484,593 - (6,563) 478,030 382,089 95,941 478,030 |
|---|---|---|
The financial statements were approved by the Board of Trustees on ….......................................... and were signed on its behalf by:
….......................................... Rev A Peters Member Board of Trustees
The notes form part of these financial statements
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THE KING’S HOUSE TRUST
Notes to the Financial Statements For the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial 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. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 6.67% on cost Plant and machinery - 25% reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
31.12.21 31.12.20 £ £ Deposit account interest 1,729 3,565
3. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
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THE KING’S HOUSE TRUST
Notes to the Financial Statements – continued For the Year Ended 31 December 2021
4. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31.12.21 £ 91,253 4,934 5,603 101,790 |
31.12.20 £ 100,319 5,419 5,832 |
|---|---|---|
| 111,570 |
5. TANGIBLE FIXED ASSETS
| Long leasehold Plant and machinery Computer equipment £ £ £ COST At 1 January 2021 and 31 December 2020 162,227 41,346 - Additions during the year - 748 - 162,227 42,094 DEPRECIATION At 1 January 2021 162,227 30,083 - Charge for year - 3,003 - At 31 December 2021 162,227 33,086 - NET BOOK VALUE At 31 December 2021 - 9,009 - At 31 December 2020 - 11,263 - 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 £ Other debtors Prepayment 20,000 - 7. CREDITORS: 31.12.21 £ Other creditors (Amounts falling due within one year) Other creditors (Amounts falling due after more than one year) 3,063 6,564 |
Totals £ 203,573 748 |
|---|---|
| 204,321 192,310 3,003 |
|
| 195,313 | |
| 9,009 | |
| 11,263 | |
| 31.12.20 £ 20,000 - 31.12.20 £ 3,663 6,563 |
This page does not form part of the statutory financial statements
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THE KING’S HOUSE TRUST
Notes to the Financial Statements – continued For the Year Ended 31 December 2021
| 8. | ACCRUALS AND DEFERRED INCOME | |||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| £ | £ | |||
| Accruals and deferred income | 0 | 0 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net movement | ||||
| At 1.1.21 | in funds | At 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 478,030 | 78,752 | 556,782 | |
| TOTAL FUNDS | 478,030 | 78,752 | 556,782 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 282,982 | (204,230) | 78,752 | |
| 282,982 | (204,230) | 78,752 |
TOTAL FUNDS
This page does not form part of the statutory financial statements
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THE KING’S HOUSE TRUST
| Detailed Statement of Financial Activities For the Year Ended 31 December 2021 INCOMING RESOURCES Voluntary income Gifts Gift aid Investment income Deposit account interest Incoming resources from charitable activities Book Shop Sales Crown Complex Rent Community Outreach Other incoming resources Spice Village Income Couples Meetings Retreats / Outings Welfare Fund Building Fund CJRS Total incoming resources RESOURCES EXPENDED Charitable activities Wages Social security Pensions Rent, rates and water Insurance Light and heat Telephone Office Purchases, Stationery and Postage Advertising Sundries Website Cost Reference Books and Bibles Gifts to Missions & Ministries Guest Speakers and Artists Welfare Support and Gift Church Outing and Retreats Refreshments and Hospitality |
31.12.21 £ 164,912 35,538 200,450 1,729 145 47,640 1,665 49,450 - - - 945 5,122 25,286 31,353 282,982 91,253 4,934 5,603 50,293 1,680 5,348 43 140 67 0 433 180 2,664 2,650 8,565 763 944 |
31.12.20 £ 153,845 38,478 192,323 3,565 123 34,062 1,693 35,878 18 50 350 140 17,753 40,850 59,161 290,927 100,319 5,419 5,832 37,868 1,120 3,823 1,581 572 83 18 428 30 2,798 1,500 6,253 781 326 |
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This page does not form part of the statutory financial statements
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| Charitable activities Brought forward Transportation Training and Courses Special Events CD’s & Videos Furniture and Fixtures Building Works and Maintenance Youth Church & Other Ministries PC & PC Hardware Community Outreach and Missions Depreciation of tangible fixed assets Other Bills Book Shop Purchases Media Equipment Professional & Consultancy Fee Bank Charges Volunteers Costs Security Toilet Supplies Governance costs Accountancy Total resources expended Net income |
31.12.21 175,560 1 - 4,830 - 348 966 454 65 6,214 3,003 592 100 297 2,480 395 7,050 830 165 203,350 880 204,230 78,752 |
31.12.20 168,751 100 200 4,345 9 70 868 502 - 3,264 3,755 858 128 534 2,480 878 6,600 574 190 194,106 880 194,986 95,941 |
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This page does not form part of the statutory financial statements
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