## ## ## ## ## |||||||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
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Views
on|533|127|103|114|143|91|68|||97|106|99|1,68
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of
Subscripti|6|74|10||57|55|61||63||||439| |ons|||||||||||||| |Births|||||||||||||| |Monthly
Attendanc|3,8
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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| ## ## |4.|Donations|and legacies|(conrrnuedf|(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|her trading
activities|||| |---|---|---|---|---| |||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|ble fun|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|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|