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2021-05-31-accounts

KINGDOM LOVE CHRISTIAN CENTRE

FINANCIAL STATEMENT AND ANNUAL ACCOUNTS FOR 2020/21

COMPANY NUMBER 05441460 CHARITY NUMBER 1111394

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KINGDOM LOVE CHRISTIAN CENTRE CHARITY NUMBER 1111394

REPORT OF TRUSTEES FOR THE PERIOD 1[ST] JUNE 2020 TO 31[ST] MAY 2021

The Trustees present their report with the financial statements of the charity for the period 1[st] June 2020 to 31[st] May 2021

REGISTRATION

The Charity was incorporated on 3 May 2005 and commenced its charitable work on the same date.

PRINCIPAL ACTIVITIES

The principal activities and objects of the charity are: (a) to advance education and vocational skills of the public, and in particular among the people of Benin kingdom decent, but not exclusively, and to provide disadvantaged unemployed people with work experience which they need to get paid jobs in order to participate more fully in society in ways which alleviate social and economic disadvantage. (b) to relieve poverty and financial hardship, either generally or individually, and in particular among people of Benin kingdom decent, but not exclusively, who are in conditions of need and distress by reason of their social and economic circumstances by deploying human and material resources, making grants of money for providing or paying for items, services or facilities, and by any other charitable means which such persons could not otherwise afford through lack of means, and by providing support for organisations which give help to people suffering financial hardship. (c) to relieve sickness, and preserve the health of the public, and in particular those of Benin kingdom decent, but not exclusively, by advancing public education in all aspects of health and raising awareness of such issues, by provision of public health facilities, organising seminars, forums, and undertaking research.

REVIEW OF BUSINESS

The results for the period and financial position of the company are as shown in the annexed financial statements. All the Trustees, being eligible, offer themselves for election at forthcoming first Annual General Meeting.

ELECTIONS OF TRUSTEES

These accounts are prepared in accordance with the provision applicable to companies subject to small companies’ regime

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KINGDOM LOVE CHRISTIAN CENTRE COMPANY / CHARITY INFORMATION

FOR THE PERIOD 1[ST] JUNE 2020 TO 31[ST] MAY 2021

TRUSTEES

REGISTERED OFFICE: Aston Mansfield Dunning Hall New Business Centre, Unit 11

Forest Gate London

England

E7 9ABFirst Floor

CHARITY N0: 1111394

COMPANY NO: 5441460

ACCOUNTANTS:

Newham Community Accountancy Services 48 West Ham Lane, Stratford London E15 4PT

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REPORT OF THE ACCOUNTANTS TO MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF KINGDOM LOVE CHRISTIAN CENTRE

Respective responsibilities of directors and accountants

As described on sheet five the Directors are responsible for the preparation of the financial statements and they consider that for the year ended 31[st] May 2021 the Company is entitled to exemption under section 477 of company Act 2006. Members have not required the Company to obtain an audit in accordance with section 476 of the companies Act 2006. It is our responsibility to carry out procedures designed to enable us report our opinion.

Basis of opinion

Our work was conducted in accordance with the statement of Standards for Reporting Accountants and our procedures consisted of comparing the financial statement with the accordance records kept by the Company and making such limited enquiries of the officers of the company as we considered necessary for the purpose of this report. These procedures provide only the assurance expressed in our opinion.

Opinion

In our opinion:

  1. the accounts of the company for the financial year in question are in agreement with the accounting records kept by the company under section 386 and 393 of the companies Act 2006; and

  2. having regards only to, and on the basis of, the information contained in the those accounting records, those accounts have been drawn up in a manner consistent with the provisions of the Act as specified in section 387 so far as applicable to the company.

  3. having regards only to, and on the basis of, the information in the accounting records, the company satisfied the requirements of section 393(2) for the financial year in question.

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KINGDOM LOVE CHRISTIAN CENTRE COMPANY NUMBER 05441460 CHARITY NUMBER 1111394

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2021

Income resource Unrestricted Restricted Total Funds Total Funds
Notes Funds 2021 Funds 2021 2021 2020
£ £ £ £
Gift Aid 7,404.96 7,404.96 5,326.57
Offerings 34,181.70 - 34,181.70 21,095.18
Donations and tithes 10,000.00 - 10,000.00 12,705.44
Total Income Resource 44,181.70 7,404.96 51,586.66 39,127.19
Resource Expanded
Direct Charitable Expenses 27,313.98 3,507.68 31,501.66 30,947.72
Other Expenditure
Fundraising and publicity
Volunteer expenses		 1,000
300		 -
-		 1,000
300		 -
350
Management & Administration of
Charity		 9,500 1,500 11,000 7,619.71
Depreciation -
234		 234 885.60
39,472.98 5,241.68 44,035.66 39,203.99
Net Movement before transfer
Adjustment to previous year account		 4,707.72 2,163.28 7,551.00 (76.80)
Transfer between Funds
Bal. B/ Forward at 1stJune 2020		 2,423 757 3,180.00 2,500.00
Bal. C/Forward 31st May 2021 2
7,230.72		 2,920.28 10,051.00 2,423.20

Total recognised gains and losses

The charity has no recognised gains and losses other than the surplus for the financial year

Continuing operations

None of the charity activities were acquired or disposed off during the year

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KINGDOM LOVE CHRISTIAN CENTRE COMPANY NUMBER 05441460 CHARITY NUMBER 1111394 BALANCE SHEET AT 31[ST] MAY 2021

FIXED ASSETS Notes 2020 2020 2021 2021
£ £ £ £
Tangible assets 2 2,236 9,051 2,236 9,051 2,236 9,051
CURRENT ASSETS
Stock
Cash and bank 1,794 6,763
1,794 6,763
CREDITORS
Amounts falling due within one year Amounts falling due within one year Amounts falling due within one year(850) (5,750)
NET CURRENT ASSETS 944 944 1,000 1,000

TOTAL ASSETS		 3,180 3,180 10,051
CAPITAL AND RESERVES
Unrestricted funds Unrestricted funds 3,180 3,180 7,230.72
Restricted funds - 2,920.28
FUNDS BALANCE CARRIED FORWARD 3,810 FUNDS BALANCE CARRIED FORWARD 3,810 FUNDS BALANCE CARRIED FORWARD 3,810 10,051 10,051

For the year ended 31st May 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006

The Director’s acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts

These accounts are prepared in accordance with the provision applicable to companies subject to small companies’ regime

The Accounts were approved by the Board of Directors on the 29[th] June 2021 and signed by:

Approved by the Board on 29th June 2021

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KINGDOM LOVE CHRISTIAN CENTRE

Company Number 05441460 CHARITY NUMBER 1111394

NOTES TO THE FINANCIAL STATEMENTS FOR THE 31ST MAY 2021

1) ACCOUNTING POLICIES

i. Accounting convention and accounting standards

The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities

ii. Income

Income is derived from the company’s ordinary activities within UK which are in the form of provision of Christian fellowship

Unrestricted funds £ 44,181.70
Restricted funds £ 7,404.96
Total £51,586.66

iii. Depreciation

Depreciation on the tangible fixed assets is calculated to write off their cost over their estimated useful lives. The following rates generally apply on straight-line bases: Office equipment 10%

2) FIXED ASSETS £
Office equipment at 1 June 2020 3,500
Addition 9,051
Total fixed assets 12,551
Depreciation for the year
3,266		 3,266
Cumulative depreciation
234		 234
(3,500)
Net book value at 31st May 2021 £ 9,051

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