# **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 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 14|Notes to the Financial Statements| 2 ## **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 3 ## **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 4 ## **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. 5 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 F*nry Nelsrm - Church Ewer, Assistarrt Pastw &Tnstee Lorrina Hazel - Church Min*er Nesrita Francis Trustee Covld-19 &th• e0*0M￿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 in4*stments 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 loirviv*V dthe state d ¥ff•irs (rfthe ch81ityand ￿the incoming re5c￿rceS and appkatico d r*s￿ree5 crf the chantyfc*that • 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 Charir*s (A£ccA*r￿ 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. 7 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 Debic*5 & 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 hd*olth• 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 . Se*t 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(h*d 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. 9 ## **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. 10 ## **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. 11 ## **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**| 12 ## **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. 13 ## **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. 14