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2021-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

KINGDOM CONCEPTS MINISTRIES

(CHARITABLE INCORPORATED ORGANISATION)

CHARITY REGISTRATION No: 1103984

COMPANY REGISTRATION No: 05113914

Independent Examiners Ltd Unit 2

The Broadbridge Buisness Centre Delling Lane Bosham West Sussex PO18 8NF

1

KINGDOM CONCEPTS MINISTRIES

CONTENTS
Page 3 Legal & Administrative Information
Pages 4 to 6 Trustees' Annual Report
Page 7 Statement of Financial Activities
Page 8 Balance Sheet
Pages 9 to 15 Notes to the Financial Statements
Page 16 Independent Examiner's Report

2

KINGDOM CONCEPTS MINISTRIES

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

CHARITY NUMBER 1103984 COMPANY REGISTRATION NUMBER 05113914 DATE OF INCORPORATION 27th April 2004 START OF FINANCIAL YEAR 1st April 2020 END OF FINANCIAL YEAR 31st March 2021 TRUSTEES AT 31ST MARCH 2021 B G Byfield H M C Nelson N Francis

GOVERNING DOCUMENT Memorandum & Articles of Association Incorporated 27th April 2004.

OBJECTS

To advance the Christian faith on accordance with the Statement of Belief appearing in the schedule hereto in Birmingham and in other such parts of the United Kingdom and the World as the Director from time to time may think fit and to fulfil such other purposes which are exclusively Charitable according to the Laws of England & Wales and are connected with the Charitable work of the Charity.

REGISTERED ADDRESS

Kingdom Concepts Ministries Elmwood URC 45 Hamstead Hill Handsworth Wood Birmingham B20 1BU

BANKERS

Santander UK PLC 2 Triton Square Regent's Place London NW1 3AN

INDEPENDENT EXAMINER

Kim Gomes MAAT Independent Examiners Ltd Unit 2 The Broadbride Buisness Centre Delling Lane Bosham West Sussex PO18 8NF

3

KINGDOM CONCEPTS MINISTRIES

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2021

Office & Place of Worship: 45 Hampstead Hill Handsworth Wood Birmingham B20 IBU

Objectives and Activities

Object of Charity

Charity Activities

Calvary Apostolic Church was established in December 1997 and comes under the organisational umbrella of the Pentecostal Assemblies of the World (PAW) The PAW organisation was established in the early nineteenth century, with over 2,000 churches in the United States, Europe and various other places around the world. In March 2004 the Charity's name was changed to Calvary Miracle Centre and in October 2010 our name was changed to Kingdom Concepts Ministries.

During this year, Kingdom Concepts Ministries (KCM) has had to make changes to the way we function due to COVID-19 and the pandemic and function in line with government guidelines.

We have done the following this year:

The Future

Looking ahead, we are aiming:

4

KINGDOM CONCEPTS MINISTRIES

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2020

Operation/Management Control

The operation and management will continue to be run as follows:

Bryan Byfield Senior Pastor & Trustee Henry Nelson Church Elder, Assistant Pastor & Trustee Lovina Hazel Church Minster Nesreta Francis Trustee Caroline Byfield Administrator

Financial Review

See results as shown on page 6 - Statement of Financial Activities and page 7- Balance Sheet.

5

KINGDOM CONCEPTS MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH 2021

Notes
INCOME FROM:
Donations & Legacies
3a
Investment Income
3b
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
4a
Governance Costs
4b
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021/20
2020/19
£
£
£
£
£
12,232
-
-
12,232
20,407
-
-
-
-
12
12,232
-
-
12,232
20,419
9,706
-
-
9,706
10,676
1,753
-
-
1,753
1,703
11,459
-
-
11,459
12,379
773
-
-
773
8,040
21,085
-
-
21,085
13,045
21,858
-
-
21,858
21,085

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 9 to 15 form part of these financial statements.

7

Note Unrestricted
Funds
f		 Unrestricted
Funds
f		 RestrictedToAl
Total
Funds31-Mar-2131-Mar-I9
ff,f.		 RestrictedToAl
Total
Funds31-Mar-2131-Mar-I9
ff,f.		 RestrictedToAl
Total
Funds31-Mar-2131-Mar-I9
ff,f.		 RestrictedToAl
Total
Funds31-Mar-2131-Mar-I9
ff,f.
Fixed Assets
TangibleAssets		 2- " 385
CurrentAssets
CashatBank & in Hand 6 15,683 - 15,683 13,69s
Debtors& Prepayments 7 6,115 - 6,715 7,915
Total CurrentAsgeG
Creditors:amountsduewithinoneyear 8 540 540 525
NETCURRENTASSEIS 11QtrO
LttuJv		 21,858
21,085
IOTALASSEISlesscurrent tiabilities 21 ,858 21,858 21,470
LongTerm Liabilities
NETASSEIS
Funds oftheCharity
General Funds		 21,858 - aaotro
zttoJo		 21 ,085
Restricted Funds 5
Total Funds

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Cash Flow Statement

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resources;

the trustees are virtually certain they will receive the resources; and

the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource 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 and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind 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 incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

9

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021

1. ACCOUNTING POLICIES (Continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Fixed Assets

Tangible fixed assets for use by the charity, are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt.

There has been no change to the accounting policies (Valuation rules and methods of accounting) since last year.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a Reducing Balance over their estimated useful lives. The rates applied per annum are as follows:

Music Equipment 10%
Equipment & Computers 33%
Vicarage Furniture & Equipment 25%

10

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021

2. TANGIBLE FIXED ASSETS

Music Computer Vicarage Total
Equipment Equipment Equipment 2021/20
£ £ £ £
Cost 01-Apr-20 1,411 10,033 5,686 15,719
Additions - - - -
Cost at 31-Mar-21 1,411 10,033 5,686 15,719
Depreciation 01-Apr-20 1,142 9,979 5,544 15,523
Charge 269 54 142 465
Depreciation at 31-Mar-21 1,411 10,033 5,686 15,988
Net Book Value 31-Mar-21 - - - -
Net Book Value 31-Mar-20 242 36 107 385

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2021: None

31st March 2020: None

All assets have been written off.

11

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31ST MARCH 2021

3. INCOME AND ENDOWMENTS

3. INCOME AND ENDOWMENTS
a) Donations & Legacies
Gifts, Tithes & Donations
Gift Aid
b) Investment Income
Bank Interest
4. EXPENDITURE
a) Charitable Activities
Bank Charges
Depreciation Expenses
Equipment Costs
Gifts & Donations
Ministerial Expenses
Motor Expenses
Office Costs
Rent & Rates
Staff Costs
Sundry Expenses
Event Expenses
Travel & Subsistence
Utility Costs
Gift Aid Costs
b) Governance Costs
Independent Examiner's Fee
Accounting Fees
Professional Fees		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021/20
2020/19
£
£
£
£
£
11,489
-
-
11,489
20,407
743
-
-
743
-
12,232
-
-
12,232
20,407
-
-
-
-
12
-
-
-
-
12
Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021/20
2020/19
£
£
£
£
£
-
-
-
-
15
-
-
-
-
-
100
-
-
100
-
2,893
-
-
2,893
300
184
-
-
184
680
250
-
-
250
958
859
-
-
859
120
290
-
-
290
6,288
606
-
-
606
566
-
-
-
-
100
1,110
-
-
1,110
-
435
-
-
435
-
2,826
-
-
2,826
1,649
153
-
-
153
-
9,706
-
-
9,706
10,676
540
-
-
540
525
1,125
-
-
1,125
-
88
-
-
88
1,178
1,753
-
-
1,753
1,703

12

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021

5. RESTRICTED FUNDS

The charity held no restricted funds this or the previous years.

6. CASH AT BANK AND IN HAND

Cash at Bank and in Hand Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-21
31-Mar-20
£
£
£
£
15,683
-
15,683
13,695
15,683
-
15,683
13,695

7. DEBTORS AND PREPAYMENTS

Unrestricted Restricted Total Total
Fund Fund 31-Mar-21 31-Mar-20
£ £ £ £
Sundry Debtors 6,715 - 6,715 7,915
6,715 - 6,715 7,915
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted Total Total
Fund Fund 31-Mar-21 31-Mar-20
£ £ £ £
Independent Examiner's Fee 540 - 540 525
540 - 540 525

9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial year.

13

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

CURRENT FINANCIAL YEAR

Tangible Fixed Assets
Net Current Assets
Long Term Liabilities		 Unrestricted
Restricted
TOTAL
Funds
Funds
2021/20
£
£
£
-
-
-
21,858
-
21,858
-
-
-
21,858
-
21,858

PREVIOUS FINANCIAL YEAR

Tangible Fixed Assets
Net Current Assets
Long Term Liabilities		 Unrestricted
Restricted
TOTAL
Funds
Funds
2020/19
£
£
£
385
-
385
21,085
-
21,085
-
-
-
21,470
-
21,470

11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES

The Charity is registered with the Charity Commission (1103984) and does not have a Share capital and has no income subject to Corporation Tax.

Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31st March 2021		 2021/20
£
773
-
773
21,085
21,858		 2020/19
£
8,040
-
8,040
13,045
21,085

14

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021

12. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities		 TOTAL
2021/20
£
606
-
-
606
TOTAL
2021/20
1
1		 TOTAL
2020/19
£
566
-
-
566
TOTAL
2020/19
1
1

No members of staff received emoluments in the range of £50,000 to £60,000 (2021/20:None).

13. TRUSTEE AND OTHER RELATED PARTY TRANSACTIONS

During the financial year, Pastor Byfield received £606 (2020/19: £566) in renumeration in furtherance of the charitable objects of the Charity.

No other payments were made to directors or any persons connected with them during the financial year. No other material transaction took place between the charity and a trustee or any person connected with them.

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.

16. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

15

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees of Kingdom Concepts Ministries on the accounts for the year ended 31st March 2021 set out on pages 7 to 15.

Respective responsibilities of trustees and examiner

The organisation's trustees are responsible for the preparation of the accounts. The organisation's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for an independent examination, It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation 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 the 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 statement below.

Independent examiner's statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 130 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

………………………………………

Kim Gomes MAAT Independent Examiners Ltd Unit 2 The Broadbridge Buisness Centre Delling Lane Bosham West Sussex PO18 8NF

11 May 2022

16