ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
(CHARITABLE INCORPORATED ORGANISATION)
KINGDOM CONCEPTS MINISTRIES
CHARITY REGISTRATION No: 1103984
Independent Examiners Ltd Unit 2
The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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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 14 | Notes to the Financial Statements |
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KINGDOM CONCEPTS MINISTRIES
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1103984
DATE OF INCORPORATION
START OF FINANCIAL YEAR
END OF FINANCIAL YEAR
27th April 2004 1st April 2021 31st March 2022
TRUSTEES AT 31ST MARCH 2022
B G Byfield (Chair) H M C Nelson N Francis
GOVERNING DOCUMENT
CIO - FOUNDATION CONVERSION DATED 13 FEB 2019
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
Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbride Business Centre Delling Lane Bosham West Sussex PO18 8NF
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KINGDOM CONCEPTS MINISTRIES
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022
Office & Place of Worship: 45 Hampstead Hill Handsworth Wood Birmingham B20 IBU
Objectives and Activities
Object of Charity
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[To maintain an inclusive place or worship where everyone is welcome and included.]
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To provide opportunities for people who value and appreciate the importance of having fellowship with likeminded
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• people to come together.
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[To be a beacon in our community.]
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[To be involved with and to make valued contributions to our community.]
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[To provide counselling, baby blessings, marriages, and funeral services.]
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[To teach Christian conduct based upon the word of God.]
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.
As a church, Kingdom Concepts Ministries (KCM) has come through Covid and our weekly Sunday, in-person services have resumed. Many members of our church had tested positive for Covid at some point during the pandemic. Sadly, there was one member of our church that passed, due to Covid.
We have done the following this year:
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Resumed Sunday in-person services.
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Continued to hold our Wednesday night Bible Classes on Zoom.
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Held ‘special day.’ Sunday services for Mother’s Day, Father’s Day, Easter, Pentecost, Ladies Day, Men’s Day and Remembrance Day.
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Hosted a Men’s Conference which include teachings on health issues such as prostate care, blood pressure, diet and diabetes. Teachings on relationships and teachings on mental health care.
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Women’s fellowship on Zoom and social events such as afternoon tea, visit to restaurants and attending a Women’s Conference in London.
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Teaching and training on how to manage finances during the cost-of-living crisis
Financial Review: Income and outgoings
See annual accounts showing financial results on pages 9-14.
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KINGDOM CONCEPTS MINISTRIES
TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2020
Achievements:
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[Resumed in person Sunday Worship throughout 2022]
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The ladies Department of the church continued in their annual outreach to both church members and members of the community whereby they were able to give gifts to improve the receiver’s wellbeing and mental health.
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The Men’s Department, founded a Men’s project called ‘Intentional Living’ in which we were able to educate men from the church and the community on issues such as, prostate cancer, diabetes, blood pressure and how to maintain healthy relationships
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Zoom, Bible class continues every Wednesday. Teachings and lessons are available to members of the community as well as church members. Teaching includes topics such as Managing Finance, Serving in the Church and in the Community, How to Resolve Family Conflict and more
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[Men hosted the Mother’s Day Service, where mothers in the church and in the community were honoured. ]
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[Ladies hosted the Father’s Day Service, where fathers in the church and in the community were honoured.]
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[Women established a safe forum to discuss mental health, menopause, healthy lifestyle, and other lady related topics.]
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Men started bimonthly Zoom talks called ‘Conversations at the Café’ which provided a safe place for men in the church and in the community to discuss men specific issues.
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[Provided an outreach ministry whereby we are able to feed those in need. ]
Structure:
Kingdom Concepts Ministries is structured as follows:
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Senior Pastor
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[1 Officer – who hold the office as an Elder]
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[1 Officer – who holds the office as a Minster.]
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[Leaders of Ladies Department – consisting of Leader and an Assistant]
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[Leader of Men’s Department – consisting of Leader and an Assistant]
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[1 Chief Usher – consisting of a Leader and an assistant.]
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[1 Church Administrator]
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[3 Trustees]
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[Congregation of approximately 25 members]
Governance & Management
Kingdom Concepts Ministries is governed by the Senior pastor, the two officers and the trustees.
By having regular meetings, HR, financial, spiritual, community and congregational related issues are discussed.
The Future
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To evangelise and encourage people to have a relationship with God.
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To nurture the new members of our church
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To see what funding is available to us and apply for relevant funding so that we can better serve our community.
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To research on how we can start a Food Bank.
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To provide counselling.
Covid-19
The trustees are aware that the COVID 19 pandemic has had a significant impact on 2021/22 performance in regard to finances (both investments and income), staffing (delays in recruiting) and also with opportunities to provide services for the public benefit (with less direct contact or involvement within the community). This will be kept under review a trustee’s meetings.
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KINGDOM CONCEPTS MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Notes INCOME FROM: Donations & Legacies 3 TOTAL INCOME EXPENDITURE ON: Charitable Activities 4a Governance Costs 4b TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/21 2021/20 £ £ £ £ 15,376 - 15,376 12,232 |
|---|---|
| 15,376 - 15,376 12,232 |
|
| 12,375 - 12,375 9,706 1,344 - 1,344 1,753 |
|
| 13,719 - 13,719 11,459 |
|
| 1,657 - 1,657 773 21,858 - 21,858 21,085 |
|
| 23,515 - 23,515 21,858 |
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 14 form part of these financial statements.
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| Note | Unrestricted Funds f |
RestrictedTotal Total Funds31-Mar-2231-Mar-21 fi.f. |
RestrictedTotal Total Funds31-Mar-2231-Mar-21 fi.f. |
RestrictedTotal Total Funds31-Mar-2231-Mar-21 fi.f. |
|
|---|---|---|---|---|---|
| FixedAsse6 | |||||
| TangibleAssets | |||||
| CurrentAssets | |||||
| lashat Bank & in Hand | 14,800 | - | 14,800 | 15,683 | |
| )ebtors& Prepayments | 9,115 | - | 9,115 | 6,715 | |
| Total CurrentAsseG | |||||
| Creditors:amountsduewithirone year | 400 | 400 | 540 | ||
| NETCURRENTASSETS | 23,515 | 23,515 | 21,858 |
||
| TOTALASSETS lesscurrentI;bilities | 23,515 | 23,515 | 21,858 | ||
| Creditorslallingduemoretharone year | 9 | ||||
| NETASSETS | |||||
| Funds of theCharity 3eneralFunds |
23,515 | - | 23,s1s | 21,858 | |
| lestrictedFunds | 5 | ||||
| Total Funds |
KINGDOM CONCEPTS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
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 2019) - (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.
The Trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
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 charity 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.
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KINGDOM CONCEPTS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
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, e.g. 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 charitable incorporated organisation 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%
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KINGDOM CONCEPTS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
2. TANGIBLE FIXED ASSETS
The charity held no fixed assets during this financial year.
3. INCOME
| Donations & Legacies Gifts, Tithes & Donations Gift Aid |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/21 2021/20 £ £ £ £ 12,480 - 12,480 11,489 2,897 - 2,897 743 |
|---|---|
| 15,376 - 15,376 12,232 |
4. EXPENDITURE
| a) Charitable Activities Equipment Costs Gifts & Donations Computers and Computer Software Minister's Expenses Motor Expenses Repairs and Maintenance Telephone Office Costs Rent & Rates Staff Costs Event Expenses Musicians and Singers Travel & Subsistence Utility Costs Gift Aid Costs Food Bank Funeral Contributions Licenses and Subscriptions Uncategorised Expenses b) Governance Costs Independent Examiner's Fee Accounting Fees Professional Fees |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/21 2021/20 £ £ £ £ 49 - 49 100 197 - 197 2,893 200 - 200 - 1,324 - 1,324 184 - - - 250 220 - 220 - 486 - 486 - 311 - 311 859 3,280 - 3,280 290 576 - 576 606 - - - 1,110 1,659 - 1,659 - 267 - 267 435 1,937 - 1,937 2,826 - - - 153 786 - 786 - 712 - 712 - 72 - 72 - 300 - 300 - |
|---|---|
| 12,375 - 12,375 9,706 |
|
| 400 - 400 540 - - - 1,125 944 - 944 88 |
|
| 1,344 - 1,344 1,753 |
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KINGDOM CONCEPTS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
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-22 31-Mar-21 £ £ £ £ 14,800 - 14,800 15,683 |
|---|---|
| 14,800 - 14,800 15,683 |
7. DEBTORS AND PREPAYMENTS
| Sundry Debtors Loan to Pastor |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 6,715 - 6,715 6,715 2,400 - 2,400 - |
|---|---|
| 9,115 - 9,115 6,715 |
8. CREDITORS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee | Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 400 - 400 540 |
|---|---|
| 400 - 400 540 |
9. CREDITORS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial year.
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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 2022/21 £ £ £ - - - 23,515 - 23,515 - - - |
|---|---|
| 23,515 - 23,515 |
PREVIOUS FINANCIAL YEAR
| Tangible Fixed Assets Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL Funds Funds 2022/21 £ £ £ - - - 21,858 - 21,858 - - - |
|---|---|
| 21,858 - 21,858 |
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 |
2022/21 £ 1,657 - 1,657 21,858 23,515 |
2021/20 £ 773 - |
|---|---|---|
| 773 | ||
| 21,085 | ||
| 21,858 |
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KINGDOM CONCEPTS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
12. STAFF COSTS AND NUMBERS
| 12. STAFF COSTS AND NUMBERS | ||
|---|---|---|
| TOTAL | TOTAL | |
| 2022/21 | 2021/20 | |
| £ | £ | |
| Gross Wages & Salaries | 576 | 606 |
| Employer's National Insurance Costs | - | - |
| Pension Contributions | - | - |
| 576 | 606 | |
| Employees who were engaged in each of the following activities: | ||
| TOTAL | TOTAL | |
| 2022/21 | 2021/20 | |
| Charitable Activities | 1 | 1 |
| 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 £576 (2021/20: £606) in renumeration in furtherance of the charitable objects of the Charity.
Pastor Byfield also received £2,400 from the charity to contribute towards the purchase of a car. The car was owned by Pastor Byfield but was shared between personal use and church purposes This has been categorised as a loan to the Pastor.
No other payments were made to the trustees 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. 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.
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