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2022-02-28-accounts

The King's Family Centre
General Information
Forthe Year Ended 28th February 2022
ADDRESS: The King's Family Centre
Aveley
High Street
Ave icy
South Qckendon
Essex RM15 4AX
~kf
.
CHARITY NUMBER: 1096098
TRUSTEES: Dr Olamide Soleye
Rev Anthony
Ash aye
Mr Abiodun
Olusanya
Mr Friday Odili
Mr Paul Farinde
MINISTER-IN-CHARGE: Reverend
Anthony
Ashaye
ACCOUNTANTS: LIPSON AND CO. LIMITED
88 North Street
Hornchurch
Essex
RM11 1SR
Tek 020 85293600
www.
li sonandco. corn
SOLICITORS: Palmers Solicitors
19Town Square
Basildon
Essex SS141BD
www.
almerslaw. co.uk
BANKERS: HSBC
15The Mall
Stratford
London E151XL

m Penod start Penod start date
Kings Family Centre
01/03/2021
Annual
accounts		 date
Kings Family Centre
01/03/2021
Annual
accounts		 date
Kings Family Centre
01/03/2021
Annual
accounts		 date
Kings Family Centre
01/03/2021
Annual
accounts		 To
for the		 Charity
No
lif any)
Period end
date
eriod		 Charity
No
lif any)
Period end
date
eriod		 28/02/2022 CC17a
Restricted
Recommended oetails of own e Unrestricted income Endowment Total this Total last
categories
by activity		 analysis z funds funds funds year year
E E E
Incoming resources
(Note		 3) F01 F02 F03 F04 F05
Incoming resources
from
generated
funds
Vclunfsfy
income		 S01 436,555 436555 349496
Acgviges far generating
funds		 002
Investment
Income		 SSS 15 34
incoming
resources
from
charitable
activities		 S04
Other incoming
resources		 Scs 41,073
Total incoming resources scs 436,570 436,570 390603
Resources expended (Notes 4-8)
Costs ofGenerating
Funds
Costs of gene fsfing
voluntary
income		 007 206,238 206238 185,352
Fundmisng
trading costs		 000
Investment
management
casts		 Scg
Charitable
activities		 S10 140,735 140,735 116,211
Governance costs 011 1,320 1,320 1,320
Other resources expended 012
Total resources expended 348,293 348293 302883
Netincoming/(outgoing/ resources before
transfers 014 86,278 88,278 87,72D
Gross transfers
between funds		 015
Net incoming/(outgoing/ resources before
other recognised gains/(lasses) sf0 86278 87,720
Other recognised
gains/(losses)
Gains and losses on revaluation offixed assets
for the charity's
own use		 017
Gains and losses on Investment assets SI0
Net movementin funds sf0 87,720
Total funds brought
forward		 S20 318,210 318,210 230,490
Total funds carried forward sti 406,486 406,488 318,210
Restricted
a0Z Unrestricted
funds		 income
funds		 Endowment
funds		 Total this
year		 Total last
year
E E E 6
Fixed assets F01 F02 F03 F04 F05
Tangible assets (Note 9) B01 71,802 71,802 71,816
B02
Investments (Note 10)
Total fixed assets		 B03
B04		 71,802 7,602 71,816
Current assets
Stock and work in progress B06
Debtors (Note 11) B06 137,560 137,560 137,000
(Short term) investments B07
Cash at bank and in hand B03 200,806 200,806 117,624
Total current assets 338,366 338,366 254,624
Creditors: amounts falling due within
one year (Note 12) 010 3,680 3,680 8,230
Net current assetslfliabilitiesj B«34,68 334, 6 246,394
Total assets less current liabilities B12 6,
6		 ,4 318,210
Creditors: amounts faIling due after
one year (Note 12) B13
Provisions for liabilities and charges B14
Net assets 616 406,488 406,48 318,210
Funds ofthe Charity
Unrestricted funds B16 406,488 406,488 318,210
B17
Restricted income funds (Note 13) B16
Endowment funds (Note 13) B19
Total funds 020 406,488 316,210
Signed by one or two
the trustees		 trustees
on		 behalf of all Signature Print Name Date of
6
royal
nl&/FIo~
ha'

Note 2 Accounting
policies		 Accounting
policies
This standard
list of		 accounting
policies has been applied by the charity except for those deleted.		 Where a different
oradditional policy has been adopted then this is detailed
in the box below.
INCOMING
RESOURCES
Recognition ofincoming These are included
in the Statement
of Financial
Activities (SoFA) when.
resources the charity becomes entitled
to the resources;
the trustees are virtually
certain they will receive the resources;
and
the monetarv
value can be measured
with sufficient
reliability.
Incoming
resources		 with Where incoming
resources
have related expenditure
(as with fundraising		 or contract income)
related expenditure the incommg
resources
and related expenditure
are reported
gross in the		 SoFA.
Grants and donations Grants and donations
are only included
in the SoFA when the charity has		 unconditional
entitlement
to the resources.
Tax reclaims on donations Incoming
resources
from tax reclaims are included
in the SoFA at the same time		 as the gift to
and gifts which they relate.
Contractual income and This is only induded
in the SoFA once the related goods orservices have		 been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted
for at a reasonable
estimate
oftheir value to the charity orthe
amount
actually realised.
Gifts in lund for sale or distribution
are included
in the accounts as gifts only when		 sold or
distributed
by the charity.
Gifts in kind for use by the charity are included
in the SoFA as mcoming
resources		 when
receivable.
Donated services and These are only included
in incoming
resources
(with an equivalent
amount		 in resources
tacilities expended)
where the benefit to the charity is reasonably
quantifiable,
measurable		 and
matenal.
The value placed on these resources
is the estimated
value to the charity ofthe
senses or faolity received.
Volunteer
help		 The value ofany voluntary
help received
is not included
in the accounts
but is described
trustees'
annual
report.		 in the
Investment income This is included
in the accounts when receivable.
Investment gains and losses This includes
any gain or loss on the sale of investments
and any gam or		 loss resulbng from
revaluing
investments
to market value at the end ofthe year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabibties are recognised
as soon as there is a legal or constructive
obhgation
committing		 the
charity to pay out resources.
Governance costs Include costs ofthe preparation
and examination
of statutoiy
accounts, the costs oftrustee
meetings
and cost of any legal advice to trustees
on governance
or constitutional		 matters.
Grants with perforinance Where the charity gives a grant vsth conditions
for its payment
being a speofic level ofservice
condltlohs or output to be provided,
such grants are only recognised
in the SoFAonce the recipient		 ofthe
grant has prowded
the speofied service or output.
Grants payable without These are only recognised
in the accounts
when a commitment
has been		 made and there are
performance conditions no conditions to be met relating to the grant which remam
in the control ofthe charity.
Support Costs Support costs include central functions
and have been allocated to activity		 cost categones on
a basis consistent
with the use ofresources, eg allocating
property costs by floor areas,		 or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use These are capitalised
ifthey can be used for more than one year, and cost at least		 5500.
by charity They are valued at cost or a reasonable
value on receipt.
Investments Investments
quoted
on a recognised
stock exchange are valued at market		 value at the year
end.
Other investment
assets are included
at trustees'
best estimate
of market value.
Stocks and work in progress These are valued at the lower ofcost or market value,
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE
Note 3 Analysis ofincoming Analysis ofincoming resources
Incoming resources may be further analysedif this would help the reader ofthe accounts.
Analysis This year
f		 Last year
f
Voluntary income Offerings Received 436,555 349,496
Total 436,555 349,496
Activities for generating
funds
Total
Investment income Interest 15
Total 15
Other incoming sources HMRC CJRS 41,073
Total 41,073
Note 4 Analysis ofresources expended ofresources expended ofresources expended
Resources expended may be further analysed ifthis would help the reader ofthe accounts.
This year Last year
Analysis E'
Costs ofgenerating Wages 121,243 102,315
voluntary income Telephone, ost 8 statione 5,530 5,311
Insurance 2,751 2,693
Miscellaneous expenses
Advertisin 6 860
Rent & utihtes 25,579 26,237
Lease ofequipment 33,608 15,235
Re airs to prope 854 6,399
Le al fees 5,845 8,920
Bank Char es 2,394 2,512
I7e reciation 2,403 2,408
ITExpenses 6,030 6,462
Total 206,238 185,352
Fundraislng trading
costs
Total
Investment
management costs
Total
Charitable activities Communit events 35,431 19,133
Creche 1,123 706
Ministry 103,670 68,496
Grants Awarded 231 23,303
Education/Trainin 280 4,573
Total 140,735 116,211
Governance costs Accountancy 1,320 1,320
Total 1,320 1,320
pport c osts.
Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost pe 6 6 6
Total

please enter 'None'in
th		 e appropriate
box(esj.
This year Last year
Number oftrustees who were paid expenses
Nature ofthe expenses
Total amount
paid		 none none
6.2 Fees for examination or audit ofthe accounts
services pr
appropriate		 ovided
by yo
box(es).		 urindepe ndent
examiner or au		 ditor.
Ifnoth		 ing
was paid please		 enter NONEin
This year
6		 Last year
f
independent examiner's or auditors' fees for reporting on the
accounts
Other fees (for example: advice, consultancy,
accountancy
services) paid to the independent examiner or auditor 1320 1320

le
activ
grants		 ities under taken.
Grants to Grants to
mstnut/ons individuals
Purpose for which grants made Total amount E Total amount 8
Total

Names of institutions Purpose Total amount of
grants paid 8
Freehold land Other land & Plant, Plant, Plant, Fixtures, Payments on Total
&buildings buildings machinery and fittings snd accountand
motor vehicles equipment assets under
construction
Balance brought 64,593 34,132 49,263 147,968
forward
Additions 2,388 2,368
Revaluations
Dieposals
*
Transfers
Balance carried 34,132 51,652 150,377
forward
9.2 Accumulated depreciation and impairment provisions
Basis SLor RB SLor RB RB RB SLor RB
Rate 0% 25% 25%
Balance brought 33,791 42,360 76,171
forward
Depreciation charge 85 2,318 2,403
for year
Impairment provisions
Revaluations
Disposals
Transfers*
Balance earned 33,876 78,574
forward
9.3 Net book value
Brought forward 64,593 341 6,883 71,817
Carried forward 64,593 256 6,954 71,802
9.4 Revaluation
Ifany fixed assets have been revalued please give details ofthe valuer and method ofvaluation

10.3 A breakdown
ofthe income		 10.3 A breakdown
ofthe income		 fr om investments agreeing
with SOFA ro		 w S03.
Analysis of investments 10.2 10.3
Market value at Income from
year end investments for
the year
Investment properties
Investments listed on a recognised stock exchange or held in common
investment funds, open ended investment companies, unit trusts or other
collective investment
schemes
Investments in subsidiary
or connected		 undertakings and companies
Securities not listed on a recognised Stock Exchange
Cash held as part ofthe investment portfolio
Other investments
Total

Note 11 Debtors and prepayments Debtors and prepayments
Please complete this noteif the charity has anydehtors or re a ments.
Analysis ofdebtors Amounts
within		 falling due
one year		 Amounts
more		 falling due after
than one year
This year Last year This year
f		 Last year
E
Trade debtors
Amounts
due		 from subsidiary and associated
undertakings
Other debtors 560
Prepayments and accrued income 137,000 137,000
Totai 137,560 137,000.0

Amounts falling due falling due Amounts falling falling due after
within one year more than one year
This year Last year This year Last year
E E E
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Other creditors 2,360 6,910
Accruals and deferred income 1,320 1,320
Total 3,680 8,23

Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward resources resources Transfers losses forward
Fund names f f f. f f f
Total Funds

r relat ed parties by the charity orany in stitution
orcompany connecte		 d with it.
Name of trustee or connected party Legal authority
(eg order,
governing
document)		 This year
Last year
Amounts
paid or benefit value
E

Name oftrustee or
connected
party		 Name oftrustee or
connected
party		 Legal authority Amount
This year
E		 Amount
This year
E		 owmg
Last year
f		 owmg
Last year
f
Due to trustees
and
related parties
Due from trustees
and related parties
14.3Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (oron behalf ot) the charity in which a trustee or
related party has a material interest.
Name ofthe trustee
or related party		 Relationship
charity		 to Description ofthe
transaction(s)		 This year
E		 Last year
f
Anthony
Ashaye		 MiniSter in Charge Rent paid io Aehaye Properties* 20400 20400
*Rent has been paid to Ashaye Properties, the legal owner and The King's Family Centre is the beneficial
owner of the property by way ofthe deposits made.