2021-03-31-accounts - The Kingsborough Centre

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						Page
Trustees' annual report (incorporating			the director's		report)
Independent auditor's	report to the members
Statement of financial	activities	(including		income and
expenditure account)
Statement of financial	position					18
Statement of cash flows
Notes to the financial	statements					20
The following pages	do not form		part ofthe financial statements
Notes to the detailed	statement	of financial		activities		31-33

Reference	Reference	and adm	inistrative	inistrative	details
Registered		charity	name		THE KINGSBOROUGH	CENTRE
Charity registration			number		1112820
Company		registration		number	05539255
Principal	office and		registered		4 New Windsor Street
office					New Windsor Street
					Uxbddge
					Middlesex .
					UB8 2TU
					England
The trustees
					Reverend BA Adedeji Pastor N0 Murele	—Chair
					Pastor V D Omonedo
					Pastor 0 Balogun
Company		secretary			Pastor 0 Balogun
Auditor					K8 M UK Limited
					Chartered Certified Accountants 5statutory		auditor
					1 Concord Business Centre
					Concord Road
					London
					UK
					W3 OTJ
Bankers					Barclay Bank
					142 high Street
					268-270 High Street
					Uxbridge
					UK
					UB8 1JX
					HSBC BANK PLC
					268-270 High Street
					Uxbridge
					UK
					UI38 1BY

Achievernen	s and	erformance	erformance	(continued)	(continued)
EVENTS			MQNTHS
	~Ar '20	~Ma '20	Jun '20	Jul '20	Au g'20	~Se '20	Oct '20	No v '20	Dec '20	Jan '21	Feb '21	Mar '21	Tots I
Live Views on	697	264	221		147	174	98		120	145	112		2,02 7
YouTube,
Facebook
&Vimeo '
(Sunday
Service
Live Views on	533	127	103	114	143	91	68			97	106	99	1,68 5
YouTube,
Facebook
&Vimeo
(Wednesd
ay
Service People Reached on	1,1 91	1,65 1	865	2,5 80	33 23	2,8 60		32 26	2&7 56	942	768	1,7 63	23,8 01
YouTube,
Facebook
& Vllrleo
(Sunday
Service People Reached on	1,3 87	725	407	1,7 77	1,4 93	1,7 63	1,1 60	1,1 21	1,1 56	996	648	1,6 39	11,7 53
YouTube,
Facebook
& Vimeo
(Wednesd
ay
Service
No of Subscripti	6	74	10		57	55	61		63				439
ons
Births
Monthly Attendanc	3,8 15	2,84 1	1,60 6	4,7 08	5,1 63	4,9 44	3,2 63	4,6 07	4,2 06	2,1 89	1,6 40	3,5 99	32,6 34
ei Views

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
		Note		2	9	2
Income and endowments Donations and legacies Other trading activities Investment income Government grants income			4 5 6 21	198,789 517,937 24 136,132	9,259	208,048 517,937 24 136,'132	243,394 623,105 121
Total income				852,882	9,259	862,141	866,020
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities		7 8 9,11		10,883 470,583 248,778	11,513 3,289	10,883 482,096 252,067	10,578 464,123 372,722
Total expenditure				730,244	14,802	745,046	847,423
Net income and net movement	in	funds		122,638	(5,543)	117,095	19,197
Reconciliation offunds Total funds brought forward				155,270	43,840	199,110	179,913
Total funds carried forward				277,908	38,297	316,205	199,110

						2021	2021			2020
						K
Fixed assets Tangible fixed assets								2,464,612		2,461,551
Current assets Debtors Cash at bank and in hand				17	1,453 35,656					'I5,755 15,755
Creditors: amounts	falling	due within one year		19	273,909					362,446
Net current liabilities Totai assets less current		liabilities						236,800 2,227,812		346,691 2,114,860
Creditors: amounts	falling	due after more than								1,915,750
one year								316,205		'l99,110
Funds of the charity Restricted funds Unrestricted funds								38,297 277,908		43,840 155270
Total charity funds										199,110
These fnancial statements have been companies subject to the small companies'			prepared regime.	in accordance		with	the	provisions	a	pplicable to

Year end	ed 31 March 2	021
			2021	2020
		ffote	2
Cash flows from operating activities Net income			117,095	19,197
Adjustments for: Depreciation oftangible fixed assets Government grant income Other interest receivable and similar income Accrued expenses			22,341 (136,132) (24) 10,654	23,701 (121) 11,285
Changesin: Trade and other debtors Trade and other creditors			14,302 (94,688)	1,562 70,880
Cash generated from operations			(66,452)	126,504
Interest received			24	121
Net cash (used in)/from operating activities			(66,428)	126,625
Cash flows from investing activities Purchase of tangible assets			(31,702)	(112,010)
Net cash used in investing activities			(31,702)	(112,010)
Cash flows from financing activities Proceeds from horrowings Proceeds from loans from group undertakings Government grant income Payments of finance lease liabilities			21,773 27,855 136,132	(59,034) (20,040) (1,808)
Net cash from/(used in) financing activities			185,760	(80,882)
Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning	equivalents ofyear		87,594 (51,938)	(66,267) 14,329
Cash and cash equivalents at end ofyear		18	35,656	(51,938)

Donations	and legacies
		Unrestncted	Restricted	Total Funds
		Funds	Funds	2021
				9
Donations Donations Donations Donations Donations	—Thanksgiving —Tithes, Offerings 8Other Donation —Gift Aid —Buidling fund	5,851 160,085 32,843	9259	5,851 160,085 32,843 9,259

Donations	and legacies	(conrrnuedf
			Unrestridted	Restricted	Total Funds
			Funds	Funds	2021
			c	2	6
Donations	-Junior Church	Collection	10		10
			198,789	9,259	208,048
			Unrestncted	Restricted	Total Funds
			Funds	Funds	2020
					2
Donations Donations Donations Donations Donations Donations	—Thanksgiving - Tithes, Offerings &Other Donation —Gift Aid —Buidling fund —Junior Church Collection		10,372 175,133 49,198 142	8,549	10,372 175,133 49,198 8,549 142
Grants
Government grant income
			234,845	8,549	243,394

5.	Other trading activities	Other trading activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				2	2
	ClvlC Nursery	Income		517,937	51?,937	623,105	623,105
6.	investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				F	6	2
	Bank interest	receivable	' '	24	. :. 24 .,	121	121
7.	Costs of raising donations'ond			leqadies
				Unrestric'ted	Total' Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
					on	2
	Support cost (note10)			10,883	10,883	10,578	10,578

Costs of ot
	Uinrestricted	Restricted	Total Funds
	Funds	Funds	2021
	2		2
Fundraising trading —CMC nursery Support costs (note 10)	405,912 64,671	11,513	405,912 76,184
	470,583	11,513	482,096
	Unrestncred	Restricted	Total Funds
	Funds	Funds	2020
	2	2	2
Fundraising trading —CMC nursery Support costs (note 10)	390,077 61,810	12236	390,077 74046
	451,887	12,236	464,123

Expenditure on	charitable activities b	y fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		2		2
Direct charitable cost Support costs (note 10)		1970 5 18,478	3,289	197,055 21,767
		215,533	3,289	2'18,822
		Unrestricted	Restncted	Total Funds
		Funds	Funds	2020
		2		8
Direct charitable Suppolt costs	costs	326,723 17,660	3,496	326,723 21,156
		344„383	3,496	347,879

10.	Expenditure on char	itable activities by	activity type
					Cost of	Total
			Cost of		generating	Support
			charitable	Fund raising	voluntary	Cost
			activities	trading	Income	2021
			2
	Bank fees Cleaning Depreciation 8 impairment Insurance IT software and consumables Kings Men Expenses Light, power, heating Miscellaneous motor expenses Motor vehicle expense Motor Vehcile Hire Pensions costs Postage 8 courier Printing &stationery Recruitment expenses Repair 8 maintenance Subscription Telephone 8 internet		335 273 4,468 2,193 262 72 2,400 198 1,225 1,054 1,802 5 209 1,502 4,025 601 1,145	1,171 954 15,639 7,676 916 252 8,399 693 4,288 3,687 6,308 16 732 5,255 14,086 2,105 4,006	167 136 2,234 1,097 131 36 1,200 99 613 527 901 2 105 751 2,012 301 572	1,673 1,364 22,341 10,965 1,309 360 11,999 989 6,'126 5,268 9,011 23 1,045 7,508 20,123 3,007 5,723
			21,767	76,184	10,883	108,834
11.	Governance costs			Unrestricted	Total Funds	Total Funds
				Funds	2021	2020
					2
	Accountancy fees Audit fees Legal 8 professional	cost		4,060 2,700 26,487	4,060 2,700 26,487	5,340 2,700 16,802
				, 33,247	33,247	24,842
12.	Net income
	Net income is stated	after charging/(crediting):			2021	2020
	Depreciaiion of tangible fixed assets				22,341	23,701
13.	Auditors remuneration
					2021	2020
					2
	Fees payable for the	audit ofthe financial	statements		2,700	2,700

Staff costs
The total staff costs	and employee		benefits	for the	reporting	period are analysed as 2021	follows: 2020
						2
Wages and Salaries Social security costs Other pension costs						434,073 30,987 9,011	440,234 26,507 9,808
						474,07'1	' 476,549
						2021	2020
						No.	No.
The average Monthly	Number	of	employees	during	the year	28	31

16.	Balogun of235,680per year for wor Tangible fixed assets	king in her capacity as charity	managing direct	or.
		Land and
		buildings	Equipment	Total
			2	2
	Cost
	At 1 April 2020 Additions	2,497,139 25,327	141,310 6,375	2,638,449 31,702
	At 31 March 2021	2,522,466	147,685	2,670,151
	Depreciation At 1 April 2020 Charge ior the year	54,248 17,657	128,950 4,684	183,198 22,341
	At 31 March 2021	71,905	133,634	205,539
	Carrying amount At 31 March 2021	2,450,561	14,051	2„464,612
	At 31 March 2020	2,442,891	12,360	2,455,251
17.	Debtors
			2021	2020
	Trade debtors		1,453	15,755

18.	Cash and cash equivalents	Year ended 31 March 2021
	Cash and cash equivalents	comprise the following:
			2021	2020
			2,
	Cash at bank and in hand		35,656
	Bank overdrafts			(51,938)
			35,656	(51,938)
19.	Creditors: amounts falling	due within one year
			2021	2020
			2
	Bank loans and overdrafts		128,490	180,428
	Amounts owed to group undertakings Accruals and deferred income		24,056 80,821	(3,799) 70,167
	Social security and other taxes Other creditors		12,030 28,512	77,138 38,512
			273,909	362,446

Credi	torsr amounts falling due after more than	one year
		2021	2020
			2
Bank	loans and overdraffs	1,628,941	1,613,504
Other	creditors	282,666	302,246
		1,911,607	1,915,750

Analysis of charita	Analysis of charita	ds
Uriirestricted funds
				At			At
				1 April 2020	Income	Expenditure 31 March 2021 2
General funds				155,270	852,882	(730,244)	277,908
				At			At
				1 April 2019	income	Expenditure 31 2	March 2020
General funds				128,890	858,071	(831,691)	155,270
	Restricted funds
				At			At
				1 April 2020	Income	Expenditure 31 March 2021 2
	Restricted Fund - building	fund		43,840	9,259	(14,802)	38,297
				At			At
				1 April 2019	Income	Expenditure 31	March 2020
	Restricted Fund —building	fund		51,023	8.549	(15,732)	43,840
	Restricted lund is maintained to obligations expected to fall due		build up a reserve to settle the large rent 8 other operating in the ensuing years. Charity encourages its members and
	visitors to contribute to	this fund	by special appeals
	Analysis of net assets betateen funds
				Unrestricted	Restdcted	Total Funds	Total Funds
				Funds	Funds	2021	2020
					2
	Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year			2,426,315 37,109 (145,419) (2,040,097)	38,297	2,464,612 37,109 (145,419) (2,040,097)	2,461,551 15,755 (362,446) (1,915,750)
	Net assets			277,908	38,297	316,205	199,110

Financial instruments	Financial instruments
The carrying amount for each category of financial		instrument	is as follows: 202'1	2020
			2
Financial assets measured	at fair value through	income and expenditure
Financial assets measured	at fair value through income and
expenditure			37,109	15,755
Financial liabilities measured at fair value through income			and expenditure
Financial liabilities measured	at fair value through	income and
expenditure			2.356,302	2,114,860

INCOMING RESOURCES	INCOMING RESOURCES
Voluntary Income			1'otal	Funds	Total	Funds
				2021		2020
				2	.. 9
.Donations
Donations—	Thanksgiving			5,851		10,372
Donations—	Tithes		115,956		108,545
Donations— Donations—	Offerings Other Donation			19,644 16,764		22,931 34,138
Donations—	Gift Aid			32,843		49,198
.Donations— Donations—	Building fund Junior Church	Collection		9,259 10		8,549 142
Donations—	I-ladassah			1,656		3,092
Donations-	First Fruit			.669		'!11
Donaiions—	Seed of Gratitude			660		2,474
Donations— Donations—	Kingsmen Welfare			940 996		640 3202
Donations—	Temple Fund			2,800
			208,048		243,394
Activities for Generating lFunds			TotalFunds		Total	Funds
				2021		2020
				9
CivIC Nursery Income			517,793		623,105
			517,793		623,105
investment Income			Total	Funds	Total	Funds
				2021		2020
				9
Bank interest receivable				24		121
Government Grant!ncome			Total	Funds	Total Funds
				2021		2020
				2		F
Government	grant received		136,731
Total Incoming	Resources		862,14'I			866,620

	THE KiNGSBORQUGH CENTRE	THE KiNGSBORQUGH CENTRE
	Company Limited	by Guarantee
	NateS te the Financial	Statelttents (coruinuer0
	Year ended St	March 2tt21
RESODRCES	EXPENDED

Fundraising	Trading Cost	Total Funds	Total Funds
		2021	2020
		2
Rent Employment Nursery Misc Interest Paid	Cost Expense	170 ,323,585 7,764 74,393	5,424 284,046 17,021 83,586
		405,912	390,077

Cost.of Charitable Activity	Total Funds	Total Funds
	202'1	2020
	2	2
Charitable donation FOL &Out Reach Hadassah Expenses Honorarium Hospitality & Retreat Hall hire for church services IVlusic & Choir Expense Employment Cost Rent 8 Rates Consulting Travelling: International & Local Advertising & Marketing Welfare Expense Miscellaneous (including Interest)	15,317 3,645 2,300 2,700 4,390 3,786 142,768 4,579 622 2,228 154 200 14,356	5,350 2,672 1,906 17,714 15,500 37,275 7,035 188,604 32,760 0 0 138 6,101 11,668
	197,055	326,723
Governance Cost	Total Funds	Total Funds
	2021	2020
	2
Accountancy fees Audit fees	4,060 2,700	5,340 2,?00
Legal fees .	26,487	16,802
	33,247	24,842

Support Cost	- Total Funds	Total Funds
	2021	2020
	2	2
MMM * Light, Power, Heating Insurance IT Cost Printing, Stationery and Postage	11,999 10,965 1&309 1,068	5,674 12,375 1,350 2,848 395
HP Interest Bank Interest and Charges Motor Exp nses Repairs & Maintenance Cleaning Depreciation Suhscnption Telephone Miscellaneous	1,673 '11,392 20,123 1,364 22,341 3,007 5&723 1,349	4,577 9,958 15,149 3,010 25,524 1,234 4,909 7,810
Human Resource: Pension Cosi	9&011	9,808 571
Staff Training Recruitment Expenses	7,508	589
	108,833	105,781
	745,046	847,423