2024-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

(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

DATE OF INCORPORATION

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

TRUSTEES AT 31ST MARCH 2024

1103984 27th April 2004 1st April 2023 31st March 2024 Pastor B G Byfield (Chair) Nesrita Francis Henry M C Nelson

GOVERNING DOCUMENT

CIO - FOUNDATION CONVERSION DATED 13 FEB 2019

OBJECTS

To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in Birmingham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit, and to fulfil such other purposes which are exclusively charitable according to the laws of England and 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 Broadbridge 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 2024

Office & Place of Worship:

45 Hampstead Hill Handsworth Wood Birmingham B20 IBU

Object of Charity

• [To maintain an inclusive place or worship where everyone is welcome and included.]

• •To provide opportunities for people who value and appreciate the importance of having fellowship with likeminded

• • people to come together.

• [•To be a beacon in our community]

• [To be involved with and to make valued contributions to our community.]

• [To provide counselling, baby blessings, marriages, and funeral services.]

• [To teach Christian conduct based upon the word of God.]

Charity Activities

Kingdom Concepts Ministries was founded in October 2010.

As a church, Kingdom Concepts Ministries (KCM) has, like many churches, seen a reduction in consistent attendance since the Covid pandemic.

We have done the following this year:

• Continued Sunday in-person services.

• Continued to hold our Wednesday night Bible Classes via Zoom.

• Held our annual Caribbean Community Night.

• Held ‘special day.’ Sunday services for Mother’s Day, Father’s Day, Easter, Pentecost, Ladies Day, Men’s Day and Remembrance Day.

• 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.

• The Men continued with their regular “Man2Man” meals which provides Christian men a safe space to talk, encourage

• • and support each other.

• Women’s fellowship on Zoom and social events such as afternoon tea, visit to restaurants, overseas visit to Ireland and conferences.

• Held a special 14th Anniversary Conference in October

• Teaching and training on how to manage finances during the continual cost-of-living crisis

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KINGDOM CONCEPTS MINISTRIES

TRUSTEES' ANNUAL REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Achievements:

• 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.

• 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, Emotional Intelligence and more

• Women established a safe forum to discuss mental health, menopause, healthy lifestyle, and other lady related topics.

• •[Provided an outreach ministry whereby we can feed those in need.]

Financial Review: Income and outgoings

Please see attached.

Structure:

Kingdom Concepts Ministries is structured as follows:

• Senior Pastor

• [1 Officer – who hold the office as an Elder]

• [1 Officer – who holds the office as a Minster.]

• [Leaders of Ladies Department – consisting of Leader and an Assistant]

• [Leader of Men’s Department – consisting of Leader and an Assistant]

• [1 Chief Usher – consisting of a Leader and an assistant.]

• [1 Church Administrator]

• [3 Trustees]

• [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

• To evangelise and encourage people to have a relationship with God.

• To nurture the new members of our church

• To see what funding is available to us and apply for relevant funding so that we can better serve our community.

• To research on how we can start a Food Bank.

• To provide counselling.

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KTr4GDOM CONCEPTS MWIrnS TRUSTEES. ANNUAL REpoKf (Contlnued) FOR YEAR ENDED 31ST MARCH 2024 Opqr•¥On/M•n•g•n￿tCOTrtrOl The ￿elation and managemerrt will cL￿1n￿e to be wun asfdlcws: rrdn Bffield - Settl￿ Pastu & Tnstee Fnry Nelsrm - Church Ewer, Assistarrt Pastw &Tnstee Lorrina Hazel - Church Miner Nesrita Francis Trustee Covld-19 &th• e00M￿n9 crld The trustees are awarethat the COVID 19 Pandem￿ and c¢Jstd-ffying crws. ¢￿tInueS to a s1gnrf￿alrt impact 202312024 perfL¥mance in regard tofinances Ibixh in4stments and irKLynel. staffing Idela>s ir ￿rUIting) and also with cppcrtvnitiesto pThide swwces ftythe pub&c benefr( (with less direct ccffjtsctry inKthmeTrt within tht ccmmuntyl. Slat•mffitofTr¥w' R•4￿n￿bIlld• The tnJstees a￿ ￿Sp￿￿1bIe preparing the trustees. rep￿ and the financial statements in accrydance with the Un(ted Kingdom AcC￿rrting Standards (United Kingdc¥m Generalfykcepted kcwnty.ng Practice) and applitabk law and wulatI￿ The law applicabk to ¢haiities reqtjires thÈtrusteesto preparefinancial statemert5 fcy eachfinancK3lyeaf which a tnje and loirvivV dthe state d ¥ff•irs (rfthe ch81ityand ￿the incoming re5c￿rceS and appkatico d rs￿ree5 crf the chantyfcthat • seth suilable accourrting pthie5 arKI then apptythÈm cc•sisterrttr. cii$•rt methcxls and principkn In the Thaiilies SORP.. rnakeiudgements and e￿lmateS that rea$￿able and prudent; stste whetherapplicable accGwnting Standards ha￿ been fL4knved. subjectto anymaterial departures disclc6ed and eyplatned in the finarjcial statements: and preparethe financval statemerrt5 on the gong ccfflcem basis unl2ss it is inappr(priateto P￿urne thatthe charitywill ccrtinue in busirw. The trustees are respthsiblef¢y keeping prLyer acC￿nti￿ rectydsthat di5ckGe with reax¥wble accuracy at anytimethe financial pcsr(irm dthe charityaTrd enab￿thern to ensurethatthe finantial statements ccMnp￿W[th the Tharrties Act 2011, the Charirs (A£ccAr￿ and Reports) Regulat￿ 2(KJ8, and the pr￿151(￿￿ dthe c￿￿itutIr￿. Thetru5tees are a150 re5POn5ible for The trustees are respcnsible frythe maintenarKe and integrity dthe (r￿pr￿ate and financial InfMath￿ included cm the charitable CcYnpan￿S websrte. LegiSlatTr￿ go**m1￿￿ the preparniirm and disseminaticn d financialstatements rnaydirferfrc¥n g1slati￿ in crther julisdicti￿ Approved bythe TrLSStee5 on the ....... Signed tsn iheir behalFby....-........ . ..................... . . .... Signature-

KINGDOM CONCEPTS MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Notes INCOME FROM: Donations & Legacies 3a TOTAL INCOME EXPENDITURE ON: Charitable Activities 4a TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 18,370 - 18,370 16,673
	18,370 - 18,370 16,673
	28,417 - 28,417 17,661
	28,417 - 28,417 17,661
	(10,047) - (10,047) (987) 22,528 - 22,528 23,515
	12,481 - 12,481 22,528

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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K￿l￿0m CONCEPTS MV415TRES BALANCE SHEEr AS AT 31ST MARCH 2024 Tgt•l Tot•1 314lar.24 314dlar43 Fund5 Funds Tangible Assets Curr•ntAwts Cash at Bank & in Hènd Debic5 & thpajmerrts 12.753 12.753 298 13,984 9,115 Total ￿lT•￿tA￿• 13.051 13.051 23.099 •dlt•r# am￿nts due Wilh￿ onejear 570 570 570 12.481 12.481 22.528 TOTAL ASSEfs less currert labli ille5 12A81 12M81 22.528 cred4t￿$ falling due mcffethan 12A81 12.481 hdolth• Ch•rlty Gentrnl Funds Regtricted Fund5 12.481 12.481 22.528 Tatsl Funds 12A81 12.4B1 22.528 Trust••¢ R•ynslbllftf•J The Charities kt 2011 requiresthetrustees to preparE fina￿la1 StstemerrtSf￿eaChfina￿Clal ￿arWhiCh gi a true and fairview the state of affairs dthetrL& and dthe surpkls dthe tru5rfrythat peri(xl. kn preparing th(6efi"nancial statementsthetnjstees are reqUI￿d t . Set surtable accounting p¢Ac and apptythem eotsistent Makejudgements and estimetesthatare rea$(￿able and p￿￿ent Prepare flnancial statèrnents onthÈ g(xng ccrtem basis ur71ess it is inappr￿naletoPre$Urne thatthetW5t will ccArtinue in e￿$tenCe. Thetrusiees are responsib￿ for keeping prcperatcojntiry ￿L￿d$. which disclosewith ￿a$r￿able accuTrcyat anytime the financial positi￿ clthe chay1ry.TheYa￿ aLWreSp￿ts￿￿￿5afeguaVdIn9 the assets dthetrust and hence taking rea5(￿able steps forthe pwèrrtth and detectkcm dfyaud and crthef iffegularit Appr(hd byt￿TrUSteesL￿ the............... &gned ￿theSrbeh•I by............ Signature:

KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

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.

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KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES (Continued)

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.

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.

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KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES (Continued)

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%

2. TANGIBLE FIXED ASSETS

The charity held no fixed assets during this financial year.

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KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024

3. INCOME

a) Donations & Legacies Gifts, Tithes & Donations Gift Aid 4. EXPENDITURE a) Charitable Activities Advertising Furniture PA Equipment Computers and Computer Software Petty Cash Stationary and Printing Bookkeeper Fees Rent Repairs and Maintenance Telephone Utilities Event Catering Hotel Expenses Conference Subscriptions Musicians and Singers Council Tax Food Bank Licenses and Subscriptions Cleaning Office Costs Professional Fees Independent Examiner's Fee Independent Examiner's Fee Accrual Ministerial Expenses Entertainment Trustee and Guest Meals Gifts and Hospitality Pastor's Vehicle Expenses Honorarium Miscellaneous Expenses	Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 15,648 - 15,648 13,970 2,722 - 2,722 2,704
	18,370 - 18,370 16,673
	Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ - - - 62 395 - 395 - 74 - 74 - 219 - 219 360 12 - 12 5 42 - 42 - - - - 1,218 3,555 - 3,555 3,930 390 - 390 220 48 - 48 220 2,201 - 2,201 1,562 1,041 - 1,041 - - - - 217 1,178 - 1,178 341 26 - 26 - 1,620 - 1,620 1,640 444 - 444 986 1,892 - 1,892 1,324 31 - 31 129 272 - 272 - - - - - 1,971 - 1,971 - 570 - 570 540 - - - 570 80 - 80 37 322 - 322 243 362 - 362 290 8,431 - 8,431 1,055 2,681 - 2,681 2,499 560 - 560 210 - - - 3
	28,417 - 28,417 17,661

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KINGDOM CONCEPTS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024

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-24 31-Mar-23 £ £ £ £ 12,753 - 12,753 13,984
	12,753 - 12,753 13,984

7. DEBTORS AND PREPAYMENTS

Sundry Debtors Loan to Pastor	Unrestricted Restricted Total Total Fund Fund 31-Mar-24 31-Mar-23 £ £ £ £ 298 - 298 6,715 - - - 2,400
	298 - 298 9,115

8. CREDITORS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee	Unrestricted Restricted Total Total Fund Fund 31-Mar-24 31-Mar-23 £ £ £ £ 570 - 570 570
	570 - 570 570

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 2024

10. 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	2023/24 £ (10,047) - (10,047) 22,528 12,481	2022/23 £ (987) -
		(987)
		23,515
		22,528

12. TRUSTEE AND OTHER RELATED PARTY TRANSACTIONS

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.

13. 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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