2024-08-31-accounts

Annual Report and Financial Statements for the Year Ended 31 August 2024

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 15

KOINONIA GOD [e-mail]

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees Deborah Everington, Chair Ruth Mackenzie Richard Perry Andrew Pettman (resigned 20 March 2024) Paola Turner, Treasurer Neil Yates Monique Reichberger Gregory Potter Anthony Eid (appointed 22 January 2025) Charity Registration 1070943 Number Principal Office 31 Lynton Road London W3 9HL Independent Examiner G W Schulz FCMA 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 2024.

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 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.

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

4. Prayer meetings for worship, teaching and mutual upbuilding.

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

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

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

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

9. 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 Mission Leader), Lui Tenchavez (Women’s Mission Leader), Marco Santos (Men’s Mission Leader) and Sara Aldea (Women’s Mission Supervisor).

Additionally, there were volunteers who helped part time or full time: Gaelle Alyachouhi, Philip Barbara, Karl Ghosn, Benedetta Mangini, Emily Rustaccia and Thomas Touma.

Our events were mainly based in Neal Street Espresso in Covent Garden. 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. 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. We ran one men’s Lent household and one women’s Lent household.

5. Two non-residential weekend retreat was retreats were organised.

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

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

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

Financial review

Koinonia's total income for the year was£117,792, approximately half of which came in grants from charitable trusts, and the remainder in donations from individuals. Koinonia's total expenditure for the year was £89,613, approximately four-fifths being spent on personnel and the remainder on mission, training, fundraising, support and administration. The year ended with a surplus of £28,179.

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 £22,000 to £45,000).

At current levels, reserves are 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 26 March 2025 and signed on its behalf by:

......................................... Deborah Everington 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 2024.

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

26 March 2025

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KOINONIA GOD [e-mail]

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024

Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 113,792 Total income 113,792 Expenditure on: Raising funds 3 635 Charitable activities 4 84,978 Total expenditure 85,613 Net income/(expenditure) 28,179 Net movement in funds 28,179 Reconciliation of funds Total funds brought forward 30,478 Total funds carried forward 11 58,657	Restricted funds £ 4,000 4,000 - 4,000 4,000 - - - -	Total 2024 £ 117,792 117,792 635 88,978 89,613 28,179 28,179 30,478 58,657	Total 2023 £ 66,463
			66,463
			402 83,355
			83,757
			(17,294)
			(17,294) 47,772
			30,478

The notes on pages 9 to 15 form an integral part of these financial statements. Page 7

KOINONIA GOD [e-mail]

BALANCE SHEET AS AT 31 AUGUST 2024

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	2024 £ 1,849 58,003 59,852 (1,195) 58,657 58,657 58,657	2023 £ 2,026 29,154
		31,180 (702)
		30,478
		30,478
		30,478

The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 26 March 2025 and signed on their behalf by:

......................................... Deborah Everington Trustee

The notes on pages 9 to 15 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 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom 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.

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.

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

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.

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.

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

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.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

2 Income from donations and legacies

Donations and legacies; Donations Gift aid reclaimed Grants, including capital grants; Grants from other charities	Unrestricted funds General £ 57,501 5,291 51,000 113,792	Restricted funds £ - - 4,000 4,000	Total 2024 £ 57,501 5,291 55,000 117,792	Total 2023 £ 26,233 4,230 36,000
				66,463

3 Expenditure on raising funds

a) Costs of generating donations and legacies

Unrestricted funds General £ Fundraising events 635	Total 2024 £ 635	Total 2023 £ 402

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (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 £ 12,230 2,061 2,057 756 25,191 42,683 84,978	Restricted funds £ - - - - - 4,000 4,000	Total 2024 £ 12,230 2,061 2,057 756 25,191 46,683 88,978	Total 2023 £ 14,533 1,218 1,432 720 24,449 41,003
				83,355

5 Grant-making

Analysis of grants Grants to institutions	Grants to institutions 2024 £ 2023 £ 25,191 24,449

6 Trustees remuneration and expenses

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

One trustees received reimbursement of expenses incurred on behalf of the charity during the year amounting to £20 (2023: £Nil).

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

7 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were: Wages and salaries	2024 £ 46,683	2023 £ 41,003

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	2024 No 2	2023 No 2

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

8 Debtors

8 Debtors
Accrued income 9 Creditors: amounts falling due within one year Other taxation and social security Accruals	2024 £ 1,849 2024 £ 457 738 1,195	2023 £ 2,026
		2023 £ - 702
		702

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 (2023 - £Nil).

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

11 Funds

Unrestricted funds General General Funds Restricted funds Benefact Trust Total funds Unrestricted funds General General Funds Restricted funds Total funds	Balance at 1 September 2023 £ 30,478 - 30,478 Balance at 1 September 2022 £ 47,772 - 47,772	Incoming resources £ 113,792 4,000 117,792 Incoming resources £ 66,463 - 66,463	Resources expended £ (85,613) (4,000) (89,613) Resources expended £ (83,757) - (83,757)	Balance at 31 August 2024 £ 58,657 -
				58,657
				Balance at 31 August 2023 £ 30,478 -
				30,478

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KOINONIA GOD [e-mail]

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)

12 Analysis of net assets between funds

12 Analysis of net assets between funds
Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets	Unrestricted funds General £ 59,852 (1,195) 58,657 Unrestricted funds General £ 31,180 (702) 30,478	Total funds at 31 August 2024 £ 59,852 (1,195)
		58,657
		Total funds at 31 August 2023 £ 31,180 (702)
		30,478

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