2022-08-31-accounts

Annual Report and Financial Statements for the Year Ended 31 August 2022

Koinonia God [e-mail]

Charity registration number: 1070943

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

KOINONIA GOD [e-mail]

CONTENTS

Reference and Administrative Details	1
Trustees' Report	2 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 to 14

KOINONIA GOD [e-mail]

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees Deborah Everington Paul Jordan (resigned 12 October 2022) Ruth Mackenzie Richard Perry Andrew Pettman, Chairman Paola Turner, Treasurer Neil Yates (appointed 18 January 2023) Charity Registration 1070943 Number Principal Office 31 Lynton Road London W3 9HL Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers CafCash Kings Hill West Malling Kent ME19 4TA

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KOINONIA GOD [e-mail]

TRUSTEES' REPORT

The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2022.

Objectives and activities

Objects and aims

The principal object of the charity is to provide a Christian ministry to students in central London.

The aim is to preach the gospel of Jesus Christ to students and others, and build a strong and attractive student community which models radical Christian life and draws others in.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales, including the guidance on advancement of religion. The charity works principally with students, organising prayer meetings, small group discussions, retreats, and other activities that offer them an opportunity to explore and receive teaching about the Christian faith. These activities are open to all students.

The charity also organises and resources households where students can live out daily Christian discipleship and which can serve as mission bases.

Achievements and performance

The following activities characterised our events during the last year-:

1. Small groups where people can share about life events in a committed context 2. Household of students

2. Coffee stall on campus where new friendships can be made and the gospel shared

3. Prayer meetings for worship, teaching and mutual upbuilding

4. Evangelistic meetings where all are welcome to hear the Christian message

5. Men's and women's events for deepening relationships

6. Retreats for teaching, worship, prayer-ministry and fellowship

7. Support of other Christian groups working in this area in particular running and participating in the Kairos summer programme.

8. Social events to support all of the above.

Over the academic year Koinonia was served by the following staff members: JP Fahed ( Director), Karl Codouni (Mission Director), Selene Beltran (Women's MissionLeader), Larissa Vaz (Women’s Mission Leader), Marco Santos (Men’s Mission Leader), Karen Jordan (Fundraising Manager), Michael Potter (Pastoral Worker) and Sara Aldea ( Women’s Mission Supervisor).

Additionally, there were volunteers who helped part time or full time:Nathan Nguyen.

Our events were mainly based in three locations in Central London: the London Jesus Centre on Margaret Street, St. Anne’s Church in Soho, and the American International Church on Tottenham Court Road. Other events were based in Acton where some of the students and volunteers live, and in other venues that we rented.

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KOINONIA GOD [e-mail]

TRUSTEES' REPORT (CONTINUED)

Key Achievements and Milestones:-

1. An "Introduction to Christianity" course and four small groups were run.

2. We ran a teaching programme for our core students.

3. We ran one men’s summer household and one women’s summer household.

4. Two non-residential weekend retreats were organised.

5. Friends inviting friends proved to be our most effective means for meeting new people.

6. A weekly prayer or social event that had good success and impact on students.

7. A large number of social connecting events were run.

Financial review

Koinonia's total income for the year was £52,192, approximately three-quarters of which came in grants from charitable trusts, and the remainder in donations from individuals. Koinonia's total expenditure for the year was £78,315, approximately three-quarters being spent on personnel and the remainder on mission, training, fundraising, support and administration.

The year ended with a deficit of £26,123.

Policy on reserves

The 'free' reserves are held to fund working capital requirements, which the trustees consider to be approximately £5,000, and to provide a buffer in case of any unexpected deterioration in income, for which the trustees consider 3 to 6 months of expenditure to be appropriate (currently £20,000 to £40,000).

At current levels, reserves are slightly above this range. Reserves will continue to be used to step-up our fund-raising, expand our base of financial supporters and increase our income.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

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KOINONIA GOD [e-mail]

TRUSTEES' REPORT (CONTINUED)

Structure, governance and management

Nature of governing document

The charity was established by a deed of trust dated 7 June 1998, and its trustees are constituted as an unincorporated association.

Recruitment and appointment of trustees

The statutory power to appoint trustees applies.

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.

Organisational structure

The charity is governed by its trustees. The director is appointed by the trustees and is responsible for day-to-day operations, assisted by other staff workers. The director meets regularly with the trustees and is accountable to them. Responsibility for the daily life of the Koinonia community is shared with the student members.

The board of trustees follows the principles of the Charity Governance Code for smaller charities.

Risk management

The trustees have established a risk management programme to assess the risks to which the charity is exposed and implement risk management strategies. A process of identifying risks and implementing a continuous programme of activities to monitor and manage risks has been undertaken and is regularly reviewed by the senior staff and considered at least annually by the trustees.

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KOINONIA GOD [e-mail]

TRUSTEES' REPORT (CONTINUED)

Statement of Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial 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 these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements 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 enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 29 March 2023 and signed on its behalf by:

......................................... Andrew Pettman Trustee

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KOINONIA GOD [e-mail]

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KOINONIA GOD [e-mail]

I report to the trustees on my examination of the accounts of Koinonia God [e-mail] for the year ended 31 August 2022.

Responsibilities and basis of report

As the charity trustees of Koinonia God [e-mail] you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Koinonia God [e-mail]'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of Koinonia God [e-mail] as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

29 March 2023

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KOINONIA GOD [e-mail]

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022

Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 52,192 Total income 52,192 Expenditure on: Raising funds 3 903 Charitable activities 4 77,412 Total expenditure 78,315 Net (expenditure)/income (26,123) Net movement in funds (26,123) Reconciliation of funds Total funds brought forward 73,895 Total funds carried forward 11 47,772	Total 2022 £ 52,192 52,192 903 77,412 78,315 (26,123) (26,123) 73,895 47,772	Total 2021 £ 82,771
		82,771
		678 44,704
		45,382
		37,389
		37,389 36,506
		73,895

The notes on pages 9 to 14 form an integral part of these financial statements. Page 7

KOINONIA GOD [e-mail]

BALANCE SHEET AS AT 31 AUGUST 2022

Note Current assets Debtors 8 Cash at bank and in hand Creditors: Amounts falling due within one year 9 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 11	2022 £ 36 48,870 48,906 (1,134) 47,772 47,772 47,772	2021 £ - 74,525
		74,525 (630)
		73,895
		73,895
		73,895

The financial statements on pages 7 to 14 were approved by the trustees, and authorised for issue on 29 March 2023 and signed on their behalf by:

......................................... Andrew Pettman Trustee

The notes on pages 9 to 14 form an integral part of these financial statements. Page 8

KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Koinonia God [e-mail] meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Raising funds

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Donations and legacies; Donations Gift aid reclaimed	Unrestricted funds General £ 50,602 1,590 52,192	Total 2022 £ 50,602 1,590 52,192	Total 2021 £ 81,084 1,687
			82,771

3 Expenditure on raising funds

a) Costs of generating donations and legacies

Unrestricted funds General £ Fundraising events 903	Total 2022 £ 903	Total 2021 £ 678

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)

4 Expenditure on charitable activities

Note Mission costs Training and development Miscellaneous costs Independent examination Grant funding of activities 5 Staff costs 7	Unrestricted funds General £ 14,551 3,091 4,471 648 33,035 21,616 77,412	Total 2022 £ 14,551 3,091 4,471 648 33,035 21,616 77,412	Total 2021 £ 7,933 144 3,965 648 14,545 17,469
			44,704

5 Grant-making

Analysis of grants

Grants to institutions

**Grants to **	institutions
2022	2021
£	£
33,035	14,545

6 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

Two trustees received reimbursement of expenses incurred on behalf of the charity amounting to £563 (2021: £Nil).

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)

7 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were: Wages and salaries	2022 £ 21,616	2021 £ 17,469

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Employees	2022 No 3	2021 No 3

No employee received emoluments of more than £60,000 during the year

8 Debtors

8 Debtors
Other debtors 9 Creditors: amounts falling due within one year Accruals	2022 £ 36 2022 £ 1,134	2021 £ -
		2021 £ 630

10 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £Nil (2021 - £Nil).

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 (CONTINUED)

11 Funds

11 Funds
Unrestricted funds General General Funds Unrestricted funds General General Funds	Balance at 1 September 2021 £ 73,895 Balance at 1 September 2020 £ 36,506	Incoming resources £ 52,192 Incoming resources £ 82,771	Resources expended £ (78,315) Resources expended £ (45,382)	Balance at 31 August 2022 £ 47,772
				Balance at 31 August 2021 £ 73,895

12 Analysis of net assets between funds

Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets	Unrestricted funds General £ 48,906 (1,134) 47,772 Unrestricted funds General £ 74,525 (630) 73,895	Total funds at 31 August 2022 £ 48,906 (1,134)
		47,772
		Total funds at 31 August 2021 £ 74,525 (630)
		73,895

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