COMPANY REGISTRATION NUMBER: D5539255
CHARITY REGISTRATION NUM BER: 1112820
THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Financial Statements
31 March 2024
K B M UK LIMITED
Chartered Certified Accountants & statutory auditor
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ

THE KINGSBOROUGH CENTRE
Company Llmited by Guarantee
Flnanclal Statements
Year ended 31 March 2024
Page
Trustees, annual ￿ port (incorporating the directorts report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial position
15
19
20
Statement of cash flows
21
Notes to the financial statements
22

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2024
Reference and administralive detsils
Board of DirectorslTrustses
Reverend B A Adedeji - Chair
Pastor N O MureSe
Pastor V D Omonedo
Pastor C Balogun
Charfty registrat'ion number
1112820
Company registratlon number 05539255
Registered office
4 New Windsor Street
Uxbridge
Mlddle5ex
UB8 2TU
Company secretary
Pastcr O Ba1ogun
Auditor
K B M UK Limited
Chartered Certified Accountsnts & Ststutory Auditors
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ
Bankers
Barday Bank
142 h igh Street
268-270 High Street
Uxbridge
UK
UB8 1JX
HSBC Bank PLC
268-270 High Street
Uxbridge
UK
UB818Y

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrector's Report) (contlnued)
Year ended 31 March 2024
The yearly audited financial statement and report ofthe Kingsborough Centre, a charitable company, for
the fiscal year ending on March 31, 2024, is submitted by the Board ofTrustees, who, under the Charlty
Act, also seNe as directors of the Charity, The Board of Trustees unequivocally attest to the factthatthe
said report and audited financial statement are in accordance with the provisions and requirements
stated In the Companies Act 2006, Charity Act 2011, Charities Act 2022, the Gharitsble companVs
governing document, and the Statement of Recommended Practice applicable to charities preparing
their accounts In accordance with the Financial Reporting Standard {FRS 102) applicable in the UK, as
well as other extant statutory requirements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
By virtue of a Memorandum and Articles of Association aéopted on August 16, 2005, and amended on
August 10, 2020, the Charitable Organisation was duly incorporated as a charitable entity with charity
number 111292 and company number 0553925.
In accordance with the Companies Act 2006, the Charity as a company limited by guarantee is duly
regulated by its governing doGument, the Articles of Association. The governing document and other
extensive statutory regulation6 serve a8 the oround for formulating policie8 that control the daily
operations of the organlsation.
METHOD OF APPOINTMENT OR ELECTION OF BOARD OF TRUSTEES
The charitable companWs management is the responslbility ofthe Board of Trustees, are appoln'led
and GO-OPted under the terms of the Articles of Associa(ion. In accordance wilh Section 3(7) of the
Articles ofAssociation, the Trustees are empowered to appoint additional trustees. Still, the total number
oftrustees must not exceed nine and cannot be less than three.
In the year under review, the Board noted that one of the Trustees may relinquish her position as she
has indicated her intention to retire soon. Two intending trustees are being considered for appointment
by the Board. This appcintment would Increase the number cf tNstees, enhance the robu5tne5s of the
trustees, deliberations when considerlng issues, and fill the vacancy that would be created when the
trustee resigns.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF BOARD OF TRUSTEES
The induction process for anyone who was newly appointed member ofthe Board of Trustees entails a
meeting )Mth the Chair and other Trustees. After that, the Trustee(s) meets with the Chief Executive to
familiarise them self with the authorities and obligations of the Trustees. The Trustee is at the stage
given an Induction Pack, which contains the goveming documents ofthe charitable company and
relevant excerpts from the Charlty Commission Guidelines, includlng DOC CC3 and CC11, i.e., the
Essential Trustee,. Vvhat you Need to Know and Ihe Trustees Expenses and Payrrent.
The Trustee is expected to occasionally participate in various tyaining events, refresher courses with
current trLlStee5, Conferences, and seminars, These events are tailored to enhance their governance
skills fvrther and ensure they are updated on their responsibilities and any sector-related changes.
These procedLires will ease their ability to adhere to important statutory prowsions and boost their
Confidence and effectiveness in discharging their obligations,

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
TNstees' Annual Report (Incorporatlng the Directorfs Report) (continugdj
Year ended 31 March 2024
ORGANISATIONAL STRUCTURE AND DECISION-MAKING
While acknowledging the presence and impact of a spiritual pastor, the affeirs of the charitable
organ18ation are 601ely regulated by the provisions of the company's Articles of Associatlon. Hence, the
Board of Trustees meets regularly to cversee the affairs ofthe charity, vthich Is in accordance wlth the
Gharty's organisational strLlCture,
The charlty's day-to-day adminlstrationlmanagement is delegated to the Chiet Executive, who promptly
reporLs on the charlty's operatlons to the trustees.
The Board ofTrustees' continuous involvement is essential and prudent in ensuring the well-b6ing ofthe
Gharity, especially In scenarios where the charlty may be exposed to enormous risk and the potential
implications it may have on the Charity.
RISK MANAGEMENT
The trustees fully comprehend the extent of their responsibility to notice and evaluate potential risks to
which the charitsble organisation could be exposed and adopt preventive methods to forestall any likely
exposure to fraud and errors. The Board of Trustees uses a rlsk-preventive approach that involves
Consistent and detailed systematic means for assessing, identifying and evaluating potential risks, Thls
process enables the Board of Trustees to initiate plans to curb any identified risk effectively.
One such systematic means employed involves conducting periodic legal checks to ascertain the
Current operational status of the organisatlon. The trustees are confident that the Current organisation
structure and modLlS operandi are capable of mitigating the organisation's exposure to significant risks
and 8re flexible enough ta adapt to minimise the gravity of any potential risks quickly. Notwithstanding,
the trust'ees have assessed any possible primary risk the Charity may face.
Such identifiable risks include the need for a constant governance check to ensure the competencies of
existing trustees, evaluating where new skills and training forthe board are necessary, and ensuring the
financial system has adequate control in place, particularly those related to payments, as well as
managing litigious exposure as it conGerns subsidiaries. The Trustees have considered the identified
risks and are implementing adopted methocls aimed at mitigating the possibility of the charity being
exposed to such risk.
PERSONS WITH SIGNIFICANT CONTROL REGISTER
In accordance with the provision of Part 21A of the Companies Act 2006 relating to individuals with
slgnificant control over the charltable companyl and or Relevant Legal Entities (RLES) with slgnificant
control, the charitable company declares It is not aware of any registrable person or registrable entity in
relation to the charitabl& company.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) {continuodJ
Year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
OBJECTIVES
The objects of the Kingsborough Centre are..
1. The advancement of the Christian Faith INorldwide for the public benefit through establishing
churches and Chri6tian Community Hubs, carrying out Missionary activities, holding Bible
Studies, Prayer Meetings, Trainlng in Christian Minlstry, public celebratlonB of Chri6tlan
religious Festivals, producing and/or distributing Ilterature and audio-visual materials on
Christianity to enlighten others about Christian faith.
2. The rellef of those In need because of youth, age, ill-health, disability, financlal hardship, or
other disadvantsge$. For example, setting upladmlnistertng or supporting day nurseries,
playschools, and other educational establishments for economically disadvantaged familles.
3. The prevention or relief of poverty wOr1￿lde by provSding grants, items, and Se￿ICe8 to
individuals in need andlor charities or other organisations working to prevent or relieve poverty,
including developing the capacity and skills of members of the community who are socially and
economlcally disadvantaged in such a way that they are better able to identify, and help meet,
thelr own needs and to participate more fully In society.
It 18 imperative al this juncture to acknowledge the immense contribution made by the charitable
organisation's Church leaders, various team leaders and volunteer workforce, vthich were pivotal to Ihe
strides the organisation has achieved over the year under review. The Synergy amongst the workforce in
all strata of the organisation has resulted in a smooth and effective implementation of strategies to meet
the charitable purpose. The Church leaders, Team lead8rs, Production team, IT Team, and esteemed
Volunteers have displayed an unwavering commitment and undivided attention towards the pursuit of
the charity's lofty charitable purpose,
STRATEGIES FOR ACHIEVING OBJECTIVES
Following the landmark celebration of the 20th anniversary, it was time to review and reposition the
organisatlon to maintaln and improve its methods of achieving it5 charitable purposes. To effectively
carry out its objectives. the organisation has initiated a well-researched and thought-out fve-year
strategic plan. This plan is further broken into three phases for easy implementation and assessment:
12 Months Plan:
CommenGe and complete the church expanslon programme
Create compelling and functional Church departments.
Implement a new operational structure. The new organogram Mll provide a detailed channel of
comimunication and office responsibilitles, ensuring Seamless operation and accountabillty within
the organisation.
Have new Church office space.
Engage in CAP operations
As51gn the control of different, aspects of ministry operations to Directorate Heads.
Establish media and music18bels.
Appoint Kingsman and Hadassah's presidents, respectively, with a team of iwo or three around
ihein.
Appoint ELC ministry leaders for areas of Advocacyl Ccmmunity Engagement, Enterprise, Word
Lounge and Creative Intercession.
Hosting an online relationship ministry and having an online monthly workshop & quarterly dinner.
Employ Business Deve5opmenVCompliance officer.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (contlnuedj
Year ended 31 March 2024
Engage the services of a consultantto develop and implement a business plan for primary school.
Develop and implement an efficient system Istructure for CMC.
Open CMC Hounslow
Target a 200-occupancy across Uxbridge. Hayes and Hounslow.
Have a franchise park opened wlhin a year.
2 Years Plan:
Complete expansion proje
Increase incoming generation initiatives
Have a strong ambassador community
Raise or attract at least 20 strong business owners to become members of the organisation
Have at least 50 public leaders across the board who are members ofthe organisation.
Develop a businesslpublic leadership curriculum vthi¢h would both prepare leaders and equip
them with the right skills for service.
Operate a thriving media and music label studio
Increase membership strength to at least 300
Embark on an annual cruise as part of trie relationship ministy event.
Open five Nurseries
Open five Franchises
Open One Primary School.
5 Years Plan:
Have 500 strong membership
Consolidate the achievements from the two years plan.
Develop a new strategy for the next five years.
The Organogram of the church was also restructured to enhance performance and accountability.
The Kingsborough Church

THE KINGSBOROUGH CENTRE
Company Limlted by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) {contlnued).
Year ended 31 March 2024
ACTIVITIES FOR ACHIEVING OBJECTIVES
In the year under review (April 2023 to March 2024), the organisation, wtth resilience and, in some
areas, reinvention, 8u¢cessfully navigated the challenges it encountered to improve and achieve a
higher level than the preceding year.
Uslng the theme cf the year 'MANIFESTATION' as a guide, the Organisation aimed to change the
narrative conceming its financial 8tatus, community impact, and spiritual and physical structure. This
also prompted the Management Board to initlate strategic planning for the next five year8.
To effectlvely undertake this task, Rev Yemi Adedeji was engaged a mandate to consult for the
Kingsborough Centre and guide it through this Grucial phase by participating in reshaping the vision
statement and implementing strategic initiatives to rejuv.enate the Church. The organisation anticipates
that these efforts wll ignite a renewed energy wllhin the congregation, fostering a more substantial
ommltment to the vlsion.
To reposition the organisation to embrace and accommodate membership expansion and have space
for other operational activlties and community-lmpactful projects, the 8oard is exploring the possibility of
expanding the Church premlses at 4 New Windsor Street to accommodate the growing needs of our
congregation and enhance our ability to provide diversified services. There are al80 advanced
deliberations and efforts to acquire another structure that can fit this expansion plan.
The organlsation is also mindful of the role of an unambiguous vision ststement in achieving its
objective. This prompted the setting up of an ad hoc committee to work on upgrading its vision
state ment. This process aims to align the organisation's collectlve asplrations and define a clear path
forward for the Church. The crganisation is, therefore, focused on creating an environment where
members can fully embrace the vision and actlvely contrlbute to its reali5ation. The Implementa11on of
strategies derived from the Lipgraded vision statement is undenvay.
There ha5 also been an intentional drive to promote transparent communication with the congregation,
which remains a priorlty. To keep the members well-informed, regular updates on the Strategic planning
progress, expansion project, and olher vital initiatives are disseminated through various channels.
Feedback from Ihese channels of communication 15 duly evaluated and put into consideration where
appllcable.
PUBLIC BENEFIT STATEMENT
The Board of Trustees confirms thatthey have met their duts'es in strict compliance with the provisions of
sections 4 and 17 of the Charities Act 2011 and have had due regard to the Charity Commission'8
general guidance on public benefit. Particular consideration ha6 been given to the Charity Commission's
supplementary public guidance provisions on the advancement of religion for the public benefit.

THE KINGSBOROUGH CENTRE
Company Limlted by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (contsnu8dJ
Year ended 31 March 2024
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
2023 was a landThiark year for the Kingsborough Church, tnarked by the theme of MANIFESTATION.
This theme not only encapsulated the vision for the year but also highlighted the church's joumey over
the past 20 years, showcasing the signlficant impact it has had within the community. The
20th-anniversary celebration was meticulously planned and execute under the guidance of the trustees
and church leadership, emphasising gratiknde, reflection, and strategic planning for the fvture.
The church's mlssion statement, °sent to ralse and release kingdom giants fDr community influence,
en¢apsulates its activities in the past year. Confronting the challenge of members, fatigue toward
kingdom activiti85, the church embarked on a fasting and prayer program to revive members, zeal and
commitment. Leaders were also allowed to reconsider area5 they would prefer to serve and be more
creative and producttve. This has led to a breath of freshness and high performance in the church's
operational activities.
As a community-oriented church, the food bank has retalned Its operational code of'feeding local people
and changlng lives In the communlty,. To confjnue providing services that would impact the immediate
community in all its ramifications. the food bank's scope of operations was enlarged to include other
initiatives such as 'lhe 'more than food initiab've,, 'finance workshops,, work readiness programs,, etc.
The operational structure of the *ood bank wa5 also revlewed to ensure a robust and efficlent
administrative structLire was in place to handle the additional operations of the food bank.
To further underscore its drive to positively impact the communrty, the Coat of Many Colours Nursery
has expanded to three locations, with the openSng ofthe CMC Hounslow.
Below is a summary of some ofthese ackn'vities: .
3.1.1. Kingsborough's 20th Annlversary
Painting the future was a pivotal event that provided an opportunity to reflect on the church's joumey
since its inception. This Session was dedicated to assessing the church's progress, identifying 8reas for
iinprovement, and str8tegizing for the future.
The Anniv8rsary Thanksgiving brought together the church community and its friends to celebrete the
milestone event. Part of the anniversary celebration included:
Presentation of leaders selected for ministry training and ordination.
Academic Lectures in partnershlp with Brunel University, with Dr Sam Adeyemi delivering the
keynote lec'iure.
Apostolic consecration of Senlor Pastor Tunde and Toyin Balogun.
Ordination of f5ve pasto￿￿ and appointment of eleven deacons as church leaders.
Award Dinnerl Christmas Party to honour those who have meritoriously served the organi8ation
over the years.
3.1.2 Expansion and Restructuring
New Windsor Street Development:
As part of the church's long-term vision, we are exploring restructuring and expansion POBsibilities at 4
Newwindsor Street. A specialist small space architect firm has been recommended to help develop the
srte for the nursery and primary school. The church will use the premise8 cn weekend8 and for unique
community oollaborations.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (contin1￿rf)
Year ended 31 March 2024
Further negotiation8 are being made with the arGhitectural firm to arrive at a mutU811y agreeable
a￿angement on how best to reStrU￿re the building and make it more functional and cost-effe¢tive.
3.1.3. Hillingdon Food Bank:
As part of the organisation's core purpose to support those living in povety, the Hillingdon Fcod Bank
has been an effects've tool in reaching out to families in need and providlng them wlth essenti81 Items
such aB food and cloth items. The mixed messages from the new ovvner of the Hillingdon Foodbank
building have made us intensify effortB to Consider an alterna'le place forthe food bank. Hence, we have
continued to explore and follow up on the possibility of purchasing a joint space for both the Hillingdon
Foodbank and the bfjngsborough Centre Community Hub.
This exciting prospect is vigorously pursued while utilising Hillingdon Food's present location in the best
possible way5. The Introduction of ULEZ has Ilmtted the use of the foodbank bus, whlch makes It
Imperative to replace it as soon as possible with-in the following calendar year.
No￿lthStandIng, the Foodbank, in partnership with the Citizen Advice Bureau (CAB), is engaged in
provldlng financial counselling to members of the Hllllngdon Communlty. A representative of the Citizen
of Advice BureaLi uses the Hillingdon Food Bank place to provide financial counselling on a weekly
ba8lB. Th6 positive feedback from the counselling sessions has been encouraging.
3.1.4. Coat of Many Colours Hounslow:
We have acquired GreatWe¢tern Nursery, a distre8sed business, to rebrand it as the ihird branch ofthe
CMC nursery. HSBC, which is financing the project, has agreed to fund the takeover, and CMC
Hounslow offi¢lally open In the first quarter of 2024. The lo¢atlon has a lot of potenllal, and the opening
of CMC Hounslow will further boosl th8 chances of parents within and around Hounslow returning to
work and advancing their careers.
3.1.5. Kingsborough Prfmary School Project.
With assistance from the Christian Concem body, a comprehensive review of different primary school
education models has been conducted. This process Is necessaryto ensure that the model adopted fits
the organisation's vlslon and mlsslon. The organisatlon is still interacting and consulting with relevant
bodies to ensure a smooth take-off of the Primary.
3.1.6. Oulrea¢h Ministry:
Connect Magazine's success has been a cornerston8 of our outreach efforts. The outreach team uses
the magazine extensively during their 8treet and door-to-door evangelism every Saturday. The outreach
team consistently goes out every Saturday morning with the mlssion of winning souls and inviting people
to the church. Their dedication has led to significant comrrunity engagement, with many new attendees
and members joining the church as a result ofthese efforts.
To futher enhance our outreach, we are forming a Strateglc Operational Delivery SeNi¢e by
collaborating among various mlni5tries'.
Connect Magaane Editorial Team
CAP (Christians Agairist Poverty) Project
Outreach Team
Musiclmedia Training Centre
There is also 8 plan to dedicate Saturdays to The Broom Tree Café, which will serve as a hub for
volunteer training and community services. However. the expansion of this initiative is contingent on
resolving logistical challenges related to space.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
3.1.7. CAP (Christians Against Poverty) Initiative:
AS part of our ongoing commltment to community support, Klngsborough Church has strengthened its
partnership with Christians Against Poverty (CAP). This year, we are excited to announce that iwo
volunteers from the church will be representing Ffjngsborough at CAP training sessions. These
volunteers are being trained as CAP Coaches, equlpplng them Mrith the skllls and knowledge needed to
provide invaluable support to indlvlduals and familie8 facing financial difficulties. Once trained, these
Coaches will play a crucial role in expanding our CAP ministry, offering personalised debt counselling
and pracfjcal assistance to those in need within our communFty.
3.1.8. Legal Matters. Kingsborough v$. Hillingdon Council..
Kingsborough Church initiated a PSPO Judicial Revlew Case against Hillingdon Council, supported by
Christian Concern. The goal is to review the PSPQ to fully understand the restriGtions, exemptions, and
permits. Rather than pursuing a pro-longed legal battle, we acoepted an invitation from Hillingdon
Council to meet at the Civic Cenlre. We also requested a three-month stay on the PSPO'S
implementation to allow for an amicable resolution outside 'the Courts.
3.1.9. Kingsmen
The Kingsmen Ss a voluntary assoclaticn of men under the collective fold of Kingsborough Church, Thelr
goal is to create a godly environment where men Can gather and share personal stories and provide
mutual assistance. The Kingsmen adopted an online meeting method using the Zocm platform, butthey
meet briefly onsite whenever the need arises. At thelr meetings, parti¢lpant5 engage in lively and
in-depth discussions on various issues that affect their daily lives and offer mutual support to each other.
The utilisation of Zoom has enabled the Kingsmen to establish secure and convenient connections and
foster a sense of com'munily even though they are physically apart,
As part ofthis organisation's core charitable objeGtive, the Kingsmen engage5 In selfless a¢￿'vI￿.eS that
benefit the community around the Kingsborough Church.
3.1.10. Hadassah
The goal of the Hadassah group Is to support and ald women Mrithin and around the Kingsborough
Church. They h old regular meetings on the first Friday of each month, called Hadassah Travail. It is a
tinie set aside to uphold one aiiother and their families in the place of prayers.
They also adopted an onllne meetlng where participants gathered in a conducive environment to
discuss and address different aspects of a woman's health and well-being. During these gatherings,
they offer mutual support and encouragement to one another. In addition, the group maintains a private
web forum for further discussion and support outside of in-person meetings. Hadassah group is an
excellent resource for anybody looking for a supportive group that encourages personal growth and a
winning mentality.
Hadassah actively takes part in several initiatives that help the Kingsborough Centre fvlfil its charitable
objective of spreading Christianity f'aith across the world. Through a few chosen projects, the Hadassah
group has also made a substantial contribution to reducing poverty in the local community. Also, over
the years, it has extended its activities and fellowship to involve women who are non-members of the
Kingsborough church but Ilve Sn the surrounding area.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
TNstees' Annual Report (Incorporating the Dlrector'5 Report) (contlnued)
Year ended 31 March 2024
3.1,11. Hangout GrouplNXGN
The Hangout group is the yOLlth and teen group that meets atThe Kingsborough Centre. This group al80
referred to as the Next Generation activities, including the Sunday worship, are coordinated by a Pastor.
The NXGN is comprised ofyoung adults, including both young professionals who are actively employed
in ttle workforce and students who are presently enrolled in higher educgtlon,
They help young people come together and receive bibllcal advice by using biblical principles to explain
Gurrent events and tOPiC8. This allows them to develop their spirltual ties to God and become better
citizens. The gospe1s' emphasls on brotherly Sove is reflected in the youth and young adult group's sense
of unity. It is a very successful strategy for encouraging young people to grow In their Christian faith.
3.1.12. Chlldren's Church
The Children's Church group has constantly and diligenily ingrained fundamental Christian values in
Children, such as Ihe values of doing well and treating others with respect. The lfjngsborough Children's
Church has Greated an educational program Ihat consists of several scheduled classes focused on the
church'6 maln topic. These classes aim to assist kids in their spiritual development and provlde them
with the confidence to communitrate their faith confidently their class-mates.
Chlldren have been instructed on the significance of showing their parents thanks with both verbal and
tangible expressions. They are also glven the opportunity to express thelr gratitude by creatlng poems
and performing musical performances in honour of Mother's Day and Father's Day, respectively. These
programs have been designed to strengthen this organisation's core principles.11 has been encouraging
and fulfilling to see the commitment made to support the children's Intellectual growth in the
neighbourhood.
3.1.13. Monthly Vigils and PrayerslPrayer Meetings
The church hosts prayer and worship vigil events once a month, on the third Friday when all members of
the c()ngregation come together to pray as a group.
In addition, members participate in an online prayer conference called 'Prayer Calls using a free
conference c811 number. This Prdying Network System takes place at five a.m. on Mondays and
Vvednesdays.
To further encourage and engage members who dre willing to pray, the congregation meets in person or
electronioally on Sundays at 9:00 AM to pray before the 10..00 AM service starts. A large per¢entage of
these initiatives were carried out via social media within and outside the church. The organisaÉion
understands the effica¢y of prayers and Ihe value they bring, so it constantly engages In pray&rs as it
continues to pursue tho charitable purpose of spreading the Christian Faith around the globe.
3.1.14. Leaders Meetings and Training
The Team Leaders gather for breakfast once a month. This meeting 18 usually held on the first or second
Saturday of the month, starting at 8-00 AM and ending at 10',00 AM. At the meetings, there are
discussions on team plans, group prayer, a shared dinner, and departmental reports to turn in. In the
year under review, the leaders and all staff ofthe organisation had access to CPDS through Noodle now
to refresh their memories of the organisation's policies and procedures and self-development.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporatlng the Dlrectofs Report) (conllnuedj
Year ended 31 March 2024
3.1.15. Care and Evènts Team
The Kingsborough Church has had the privileged opportunity to receive outstanding assistance from a
committed group of people whose efforts have been crucial to the accomplishment of numerous church
initiatives.
The team In charge of Care and Events organises the different events and programs th8t take place at
the church. Their expertise in logistic6 management and event coordlnation has been instrumental in
putting together llawless events that have had a profound effect on attendees and the neighbourhood.
The tealy's unwavering commitment to meeting high standards has shown to be a priceless asset to
Kingsborough Church, and their contributions are highly valued.
3.1.16. Saturday Word Lounge
The Kingsborough Church has an C¢nline platform called Saturday Word Lounge. which is only held on
Saturdays. To facilitate an in-depth and age-appropriate discussion of the subjects covered during the
Wednesday Bible Study, the parttcipants are separated into three age groups. This demographic cohort
consists of people between the ages of 26 and 25. the next cohort consists of people between the ages
of 3$ and 45., and the last cohort consists OF people who are 46 and older.
This platform allows partlclpants to voice their opinions and ask quesllons, whlch further boosts the
ongolng conversation. This initiative has also helped us achieve our charitable goal of encouraging the
spread of Christianity throughout the world. As mentioned earlier. this effect has been 8ttained by
enabling the growth and solidification of more profound relationships with God through reflectlon and
understandlng of Christian doryirine and practice in various contexts,
3.1.17. Sunday Morning Life
The Sunday service at Kingsborough Church is known f'or Star￿ng on time, with a start time of preoisely
10 a.m. and ending at 11',30 a.m, The workers and ministers meet between g.'oo and 9:30 a.m. for a
session of illuminating lessons before the start ofthe service. The workers and ministers at the meeting
ar& invited to share their thoughts and questions on the topic discussed, and the pastor or any minister
provides further elL4cidation to ensure the topic is well understood by everyone and questions are
thoroughly answered. Thls offers an exce.llent opportunity for the workforce to engage in meanlngful
Conversation with church leaders and provide something worthwhlle to Ihe service as a whole.
The Kingsborough Church extends a warm invitation to new members, who are asked to fill out a fr)rm
that will help increase communication and create a feeling of communily. Priority is given to our
members and online visitors during services, and we make sure they have access to all the iiiformation
they need.
When visltor6 first arrive at The Kingsborough Church, they are greeted wlth warmth and asked to fill out
brief form. If they decide to stay affiliated, this form Mrill help with communication in the future and help
newcomers settle in. Vve do not exclude anyone from the Sunday service or make them feel
uncomfortable in our community if they choose to join through our online platforms. This work is crucial
to achievlng the charity's goals because it improves the main service provided by the Klngsborough
Centre In term5 of its structure, organisation, and efficacy, Another benefit to this welcome approach is
that it usually increases the number of new members.
In addition, anyone participating in the church's aclivities is free to voice their opinions and any worries
they may have regarding the church. Encouraging openness and l<nowledge exchange improves
members, perceptions ofthe group and their level of trust.
10-

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conunued)
Year ended 31 March 2024
3.1.18. Social Media Presence & Website Attraction
The Kin9sborough Centre has utillsed various Social media plafforms to facilitate contact and offer
spiritual support servi¢es to members and non-members who visit these platforms. These sites include
Facebook, Instagram, Twitter, and WhatsApp groups, In 8ddition, the website funGtions as an Invaluable
resource hub, giving users access to a wlde array of beneficlal Informa,￿on, such as the entire library of
magazine editi'ons for the 2023-2024 timeframe. Tlie Kingsborough Centre is highly effective at
connecting with its Community across a variety of channels, which makes it easier for people who are
actlvely looking for information to receive it.
The Kingsborough Centre has malntained ongoing communication with current and prosp&ctive
members through various social media accounts and online platforms. For. example, its diverse
WhatsApp groups ensure that all individuals are informed about the Church's activlties and
commemorate essential mSlestones, amongst other functions of the WhatsApp groups. Also, individuals
who are part of our organisatlon and Ihose who are not affiliated with it can aGGess recorded replays of
our services. This can be done by logging into our online platforms and participating in our services.
Additionally, they can also access playback recordings of Dur servlces.
In line wlth our charltable goal
vthich include poverty prevention and Gommunity education regarding
the daily challenges individuals encounter. we employ various methods to further disseminate
actionable information, advice. and recommendations that would help us achieve this goal.
3.1.19. Church Tithingl Benevolence Giving
The church promotes selfless and voluntsry giving, including tithing and cheerful contributions, whlch
are In line with Biblical teachings, HenGe, gifts and donatlons are meant to be joyfijl contributlons to
demonstrate the falthful's steadfast adherence to the values upheld by religious belief. This reporting
year, the church has been impacted by the continuous economic falloLIt of the COVID-19 pandetnic. In
response to the financial challenges, it has engaged in Blble teachings on the essence of glving and
contlnually encouraged members to put the Bible's lessons into practice by cheerfijlly giving gits.
However, the Charitable Organization still regularly sets aside 8 percentage of its earnings for Charitable
endeavours. It consistently makes financial contribution5 to churches, communlty projects, and
educational program5 that support the organisation's goals and mission, These activities are essential
for funding the Christian community and 5imllar group
, which ultimately helps us achieve our charitable
objective of reducing poverty on a local and worldwide scale.
Conclusion
The Kingsborough Centre has concluded its second decade ofoperation wlth yet another fantastic year.
This accomplishment 18 attributable to the hard work of its members, who have encouraged the centre's
expansion by drawing In new members and contrlbuting significantly to the neighbourhood over the
years.
Our deliberate effort to engage godly administrators like Rev Yemi Adedeji and others in strategic
planning and propose an expansion project demonstrates our strong faith in our abllity to adlust and
prosper numerlcally and financially, even in these trying times,
The Charitable organisation has continuously stayed true to its mission. making poverty alleviation and
ChristSan faith promotion its top prioril'ies.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) fcontlnued)
Year ended 31 March 2024
INVESTMENT POLICY AND PERFORMANCE
The Board of Trustees is Committed to keeping the organisation's funds in interest-bearing accounts
while considering safe and suitsble investments with higher returns.
To this end, the Trustees undertake to engage the servlces of legal and financial experts before
considering investment alternatives. This is to ensure that investment decisions are only made after
Considering expert opinions ond best practices.
FACTORS RELEVANT TO ACHIEVE OBJECTIVES
A key factor in achieving our pU￿oSe is creatlng an atmosphere that enhances spiritual enlightenment,
financial management accountabllity, and Improved understanding among tlie trustees of thelr strateglc
and fiduciary obligations, The underlying purpose here Is that a sizeable portion ofthe support neaded to
achieve our purposes Gan be derived from divine inspiration, deliberate and detsiled planning, and
accountable leadership.
FINANCIAL REVIEW
The immediate financi81 position of the charitable company is good, and the long-term position is stable.
RESERVE POLICY
The Board of Trustees initiated a 'Yree reseNes" policy that allows the charitsble company to maintsin
unrestricted fvnds. In the year under review. these free reserves have been reviewed downwards to the
equivalent of one month (instead of the prevtous Ihre8 manlhs) of annual expenditure, excluding any
funds already committed or invested in tangible fixed assets.
The Board of Trustees unequivocally believes that the charitable organisation's ongoing operations can
be sustsined even if its financial resources are considerably reduced.
The Board of Trustees will continue to review the reserve poliGy to ensure it aligns with the
organisab'on's overall strategic plans. This periodic review helps to verify whether the current reserve
level aligns with the organisation'$ 'ffinancial position based on incomes and expenditures in the year
under review and takes into consideration any strateglc plans that have yet to be implemented.
The Board of Trustees is confident thatthe organisation currently possesses financial reserves allocated
for the specific objectives outlined in its forthcoming initiatives.
PRINCIPAL FUNDING
This is provided mainly through contributions and donations from members.
12

THE KINGSBOROUGH CENTRE
Company Limlted by Guarantee
Trustees, Annual Reporl (Incorporating the Directof s Report) (contlnued)
Year ended 31 March 2024
PLANS FOR THE FUTURE
FUTURE DEVELOPMENTS
As part of ilB expansion plan, the organisation 15 ¢urrently planning to purchase a property that can
accommodate both the Kingsborough Centre Church and the Food Bank.
The charitable organisation wlll remain steadfast in adopting measures that will ultlmately lead to
fulfilllng its knndamental objectives contained in frts governing documents. The charitable organisation
will also consider further methods thatwill in¢rease the resources and community impact of its Gharitable
activities and deploy the proceeds in further pursuit of its charitable objectives.
The Charity is Steadfastly committed to partnerlng wlth and rendering financial aid to like-lnlnded
initiatives across various churches, non-governmental organisations, groups, events, and conferences
wlthin the United Kingdom and ulobally, provided always that these initiatives remain driven by the
ultimate aim of spreading the Christian Faith and its creed around the world,
BOARD OF TRUSTEES, RESPONSIBILITIES STATEMENT
The Board of Truslee8, who also serve as directors of the Kingsborough Centre for Company law
purposes,15 responsible for preparlng the report and financial statements per relevant legislation and
the United Kingdom Accountlng Standard8 (UK Generally Accepted Accounting Practice).
The Board of Trustees is statutorily obligated to prepare financial statements for every fiscal year. The
Company law a150 empowers the Board of Trustees to withhold consent for finanoial statements if they
fail to provide an accurate and unbiased representation of the charitable company's current status.
The Board of Truste88 is also expected to include in its report the inflow and outflow of resources,
including Income and expenses, within the fiscal year. Furthermore, the Board of Trustees are to
consider the following factors while preparing these financial sl8tements'.
Meticulously pick accounting policies and consistently apply them.
Painstskingly observe the methods and prlnciples listed in the Charities Statement of
Recommended Practice (SORP).
Exercise sound judgment and make reasonable and cautious estimates.
Indicate and explain in precise terms if there were any significant devlations from UK Accounting
Standards in financlal statements and or if they were strictly followed.
Prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the charitable company will continue operating.
The Board of Trusteesls mainly responsible for keepin9 sufficlent accounting records that contain a
detailed and reagonably accurate descriptlon of the charity company's financial positlon at any given
time. Thi6 enables the Board to ensure that the financial statements comply with the Companies Act
2006.
The Board of Trustees 18 also liable for safeguarding the charitable coimpany's assets and must follow
necessary procedures to prevent and identify fraud and other forms of mlsconduot.
13

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Trustees, Annual Report (Incorpornting the DirectO￿S Report) {contlnuod)
Year ended 31 March 2024
DISCLOSURE OF INFORMATION TO THE AUDITOR
To the best of the Board of Trustees, knO￿edge, the report ha8 been approved under the following
conditions..
There is no material audit information that the charitable company or Kingsborough Centre
auditors are unaware of,
The Board of Trustees has adopted all required mea8ures to ensure it Is entirely up to date with all
relevant audit information. It confirms that the auditor is also aware of Such information.
10.
AUDITORS
The charitable ¢ompanVs auditors, KBM UK Ltd, have indicated their ￿llingneSS to continue in office
and offer themselves for re-appointment at the next Annual General Meeting.
In preparlng thls report, the Board of Trustees has taken advantage ofthe sinall companSes' exemptlons
prcvlded by section 415A of the Companies Act 2006,
ard of Trustees on 1.7...of .D........kw< 2024 and signed on its
This report was approved by the
behalf by-
Pastor Nlyi Murele
Or7 behalf of the
ustees
-14-

THE KINGSBOROUGH CENTRE
Company Llmited by Guarantee
Independent Audltofs Report to the Members of THE KINGSBOROUGH
CENTRE
Year ended 31 March 2024
Opinion
We have audited the financial stBtements ofTHE KINGSBOROUGH CENTRE (the 'charTrty') for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account), statement of financial POBition, statement of cash flows and the related notes,
including a summary of significant accounting pollcles. The financial reporting framework that has been
applled In thelr preparation is applicable law and United Kingdom Accounting Standards, Including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements.,
give a true and fair view ofthe state of the Gharity's affairs a5 at 31 March 2024 and cf It5 incomlng
resources and application of resources, Includlng Its income and expenditure, for the year then
ended,,
have been properly prepared in accordance wlth Unlted Kingdom Generally AcG'epteé Accounting
Practlce,,
have been prepared in accordanGe wlth the requlrements of the Companies A￿1 2006.
Bas￿ for oplnion
We Conducted our audit in accordance with International Standard8 on Audittng (UK) (ISAB (UK)) and
applicable law. Our responsibilrties under those standards are further described In the auditor's
responsibilities for the audit of the financial sktements section of our report. We are independent of the
charity In accordance with ihe ethical requirements that are relevant to our audit of the financial
statements in the Uk<, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We belleve that the audit evldence we have
obtalned Is sufficient and appropriate to provide a basis for our oplnion.
Conclusions relating to golng concern
In audlting the financial statements, we have concluded that the trustees, UBe ofthe going concern basis
of accounting in the preparation ofthe financial statements is approprfate.
Based on the work we have performed, we have not identlfied any materlal uncertainties relating to
events or conditions that, indlvidually or collectively, may cast significant doubt on th6 charitls ability to
continue as a going concern for a period of at least twelve months from when 'the financial statements
are &uthori8ed for issue.
Our responslbilities and the responsibilities of the trustses with respect to going concern are described
in the relevant sèctions of this report,
15-

THE KINGSBOROUGH CENTRE
Company Llmited by Guarantee
Independent Audltorfs Report to the Members of THE KINGSBOROUGH
CENTRE [contsnuedJ
Year ended 31 March 2024
other infomiation
The other Informatlon comprises the information included in the annual report, other than the finanGial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other Information and, except to the extent
o'therwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
I n connection wlth our audit of the financial statemen'ts, our responsibility is to read the other information
and, In doing so, consider whether the other information is materially inconsistent wilh the financial
statements or our knowledge obtained in the audil or otherwise appears to be materially misstated. If we
Identify such material inconsistencies or apparent material mi5Statemenls, we are required to detef mine
whether there is a material mlsstatement In the financial sl'atements or a materia5 misstatement of the
other information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinlon, based on the work undertaken in the course of the audit..
the informatlon glven in the trustees, report for the financial year for which the financial Btstements
are prepared is consistent with the financial statements. 8nd
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are requ ired to report by exceptlon
In the light of Ihe knowledge 811 d understandlng of the charlty and its environ ment obtained in the course
ofthe audit, we have not identified material misstatements In the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration speclfied by law are not made. or
we have not received all the information and explanations we require for OLir audit. or
the trustees were not entitled to prepare the financial statements in accordance wvith the small
companies regime and take advantage of the sm811 companies, exemptions in preparing the
directors, report and from the requlrement to prepare a strateglc report.
16

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Independent Auditorfs Report to the Members of THE KINGSBOROUGH
CENTRE (contlnugd)
Year ended 31 March 2024
Respon5ibilrties of trustees
As explained more fiJlEy in the trustèes, responsibilities statement, the trustee8 (who are e180 the
directors for the purposes of cornpany law) are responsible for the preparation of the financial
ststements and for being Sa￿8fied that they give a true and fair view, and for such internal con'trol as the
trustees determlne Is necessary to enable the preparation of financial statements that are free 'From
material misstatement, whether due to fraud or error,
In preparing the financial statements, the trustees are responsible for assessing the charlty's abllity to
continue as a going concern, disclosing, as applicable, matters related t'o going concern and using the
going concern basis of accountlng unle5S the trustees elther intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
OLJr objectives are to obtaln reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to traud or error, and to issue an audltor's report that
Includes our oplnion. Reasonable assurance is a high level of assur&nce, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a materlal misstatementwhen It exlsts.
Misstatements can arise from fraud or error and are considered ma'terial if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
Irregularities, including fraud, are instance8 of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect
of irreoularlties, iiicluding fraud, The extent to which our procedures are capable of dete¢tlng
Irregularities, including fraud is detailed below-
The engagement partner ensured that they engagement team collectively had the appropriate
competence, capabilib'e8 and skills to identify or recognise non-compliance with applicable laws
Ènd regulations.,
We identified the laws and regulations applicable to the charltable company through discussion
with Trustees and other management and rewew of appropriate industry knowledge.
We assessed the extent of compliance Mrith laws and regulations identSfied above through
making enquiries of management and reviewlng all relevant correspondence.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
profe65ional scepticism throughout the audif. We also:
Identify and assess the risks of material misstatement of the firiancial ststements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audlt
evidence that is sufficient and appropriate to provide a basls for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one regulting from error, a8
fraud may involve collusion, forgery, intentional omissions, mlsrepresentations, or the override of
internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the internal Control,
Evaluate the appropriateness of accounting policies used and the reasonableness of accountlng
estimates and related disclosures made by the trustees,
17

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Independent Auditor's Report to the Members ofTHE KINGSBOROUGH
CENTRE {¢onfinued)
Year ended 31 March 2024
Conclude on the appropriateness ofthe trustees, use ofthe going concem basis of accounting and,
based on the audit evidence oblainod, whether a matèrial uncertainty exists related lo events or
conditions that may cast signif ic8nt doubt on the charity's abilily to continue as a going concern. If
we conclude that a material uncertainty exists, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate,
to modify our opi nion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor'5 report. However, future events or conditions may cause the charity to cease to
continue as a going concern.
Evaluate th8 overall presentation, structure arid content of the financial stal&ments, including the
disclosures, and whether the finaiicial statements represent the underlying transaction5 and
events in a manner that achieves fair presentation.
We communicate with those charged with gov6rnanc8 regarding, among other matters, the planned
scope and timing of the audit and significant audil findings, including any significant defi¢iancies in
internal control that we identify during our audit.
Use of our r8port
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charily's
m6mbers those matters we are required to state lo Ihem in an auditor's report and for no other purpose.
To the fijllest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charty and the charity's members as a bady, for our audit work, forthis report. orforthe opinions we
have formed.
Mr. Mohammed Afzaal Bhatli
{Senior Statutory Auditor) FCCA
For and on b6half of
KBM UK LTD
1 Concord Business Cenlre
Concord Road
London
UK
W3 OTJ
1711212024
18.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Statement of Financial Activities
(includlng Income and expendlture account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Incomo and endowments
Donations
Other trading activities
Investment income
Other income
208,583
906.028
1,880
4,875
1,121,366
1,865
210,448
906,028
1,880
4,875
1,123,231
242,800
876,631
366
Total income
1,865
1,120,797
Expenditurn
Expendlture on raising funds..
Costs of raising dondtions
Costs of other trading activities
Expenditure on charitable activities
Total èxpenditure
16,385
764,796
369,592
1,150,773
16,385
777,161
373,124
1,166,670
11,985
620,211
321,676
12,3fj5
3,532
15,897
10,12
953,872
Net (expendits4re)lincome and net
movement in funds
(29,407)
(14,032)
(43,439)
168,925
Reconciliation of funds
Total funds brought forward
Total funds carried fonmard
617.045
16,844
633,889
590,450
466,963
587,638
2,812
633,389
The statement of financlal activi11es includes all gains and losses recognised in the year.
All in Goine and expenditure derive from continuing acttvlties.
The notes on pages 22 to 31 ft)rm part of these flnanclal statements.
19

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
statement of Flnanclal Posltlon
31 March 2024
2024
2023
Nots
Fixed assets
Tangible fixed assets
17
2,687,836
2,439,603
Current assets
Debtors
Cash at bank and in hand
18
30N94
38,232
68,726
8,037
121,065
129,102
Creditors: amounts falling due within one year
Net cu rrent liabilities
20
382,407
262,114
313.681
133,012
2,306,591
Total assets less current liabilities
2,374,155
Credltors. amounts falling due after more than
one year
21
1,783,705
1,672,702
Net assets
590,450
633,889
Funds of the charity
Restrlcted funds
Unrestricted funds
2,812
587,638
590,460
16,844
617.045
Total charlly funds
22
633,889
These financial statements have been prepared In accordance wlth the provlslons applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on
oar
Pastor Niyi MLire
On behalf of th
ard of I"rustees
The notes on pages 22 to 31 form part of these flnanclal statements.
-20-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating actlvities
Net (expenditure)fincome
(43,4391
166,925
Adjustments for..
Depreciab'on of tangible fixed a8sets
other interest receivable and similar income
Accrued expenses
46,778
{1,880)
10,978
2¥,475
(3661
6,382
Changes in..
Trade and oth8r debtors
Trade and other oreditors
{22,457}
13,072
3,052
983
(115)
199,264
Cash generatsd from operations
I nterest received
1,880
4,932
366
Net cash from operating activities
199,630
Cash f lows from inve51ing activitles
Purchase of tangible assets
Net cash used In investing a¢tivities
(295,011)
{295,011)
(19,283)
(19,283)
Cash flows from financing activitles
Proceeds trom borrowlngs
Net cash froml(us8d in) financing acl£vlties
207,245
207,245
{60,406)
(60,4Q61
Net (decrease)lincrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(82,834)
121,065
119,941
1,124
121,065
38,231
The notes on pages 22 to 31 form part of these flnanclal statements.
21

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Flnanclal Statements
Year ended 31 March 2024
General infomiation
The charity is a public benefft entity end a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address ofthe registered
office is 4 New Windsor Street, New Windsor Street, Uxbrldge, Mlddlesex, UB8 2TU, England.
Statement of compliance
These financial stgtements have been prepared in compliance with FRS 102, 'The Fin8noial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reportsng Standard applicable in the UK and Republlc of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companle6 Act 2006.
Accounting policies
Basi$ of prèparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain finanGial assets and liabilities and investment properties mea8Lired at fair
value through Income or expenditure.
The financlal statements are prepared In sterling, which is the funckn'onal currency of the entity,
Going concem
There are no material uncertainties about the cherity's ability to continue.
Fund accounting
Unrestiicted funds are available for use at the dlscretion of the trustees to fvrther any of the
charity's purposes.
Designated fund8 are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted fvnds are subjected to restrictlons on thelr expen diture declared by the donor or through
the terms of an appeal, and fall into one of iwo sub-classes.. restricted income funds or endowment
funds.
-22-

THE KINGSBOROUGH CENTRE
Company Llmited by Guarantee
Notes to the Financial Statements (conllmJed)
Year ended 31 March 2024
AGcounting policies (contlnugdj
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity,, it is probable that the economic bene'fits associated Mth 'the transaction will
flow to the charity and the amount can be reliably measured. The followlng specifi¢ policies are
applied to particular categories of income..
income from donations or grants is recognised ￿en there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy Income is recognised when receipt is probable and entitlement is established.
Income from donated goods Is measured at the falr value of the goods unless this is
Impractical to measure reliably, in which ¢a$e the value is derived from the cost to the donor
or the e6timated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contrlbution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted ￿ndS unless there Is a contractual
requirement for it to be spent on a particular purpose and relurned if unspent, in which case it
may be regarded as restricted.
Resources expended
Expenditure Is recognlsed on an ac¢ru8lF basls as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates=
expenditure on raising funds includes the costs of all fijndraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charlty In undertaklng
activities that further its charilable aims for Ihe benefit of its beneficiaries, including those
support costs and costs relating to the governance of the ¢h8rity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raislng fund5 for the
Gharity nor part of its expenditure on charltable activrties.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and conslstent basis.
-23-

THE KINGSBOROUGH CENTRE
Company Lirnited by Guarantee
Notes to the Financial Statements [tonllnu8dJ
Year ended 31 March 2024
Accounting policies (eontlnugd)
Tangible assets
Tangible assets are initlally re¢orded at cost, and subsequently staled at cost less any
ac¢umulated depreciation and impairment losses. Any tangible assets Carried at revalued amounts
are recorded at the fair value at the date of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
An increase In the carrying amount of an asset as a result of a revaluation, is recognlsed In other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
r&¢ogni8ed as expenditure within the Statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, Is recognised in other recogn5sed gains and losses,
except to whlch it offsets any previous revaluatlon gain, in which ¢ase the loss is shown wkthln
other re¢ognised gains and losses un the statement of financial activities.
Depreciation
Depreciaifon 43 calculated so as to wrrte off the c05t or valuation of an asset, less residual value,
over the useful economic life of that asset as follows:
Plant & Machinery
Freehold Building
Leasehold Property
250/0 reducing balance
2.OYo of building element only
18 Years straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
arnount being estimated where suth indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is Impaired accordlngly. Prlor impairments are also reviewed for
possible reversal at each reporting date.
For Ihe purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unlt
to vthich the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash infiows that largely independent of the cash inflows
from other assets or groups of assets.
For Impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acqLliSltion date, allocated to each of the cash-generating units that gre expected to benefit from
the synergies ofthe Gombination, irrespective 0f￿ether other assets or liabilities ofthe charity are
assigned to those units.
Govemment grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are
not recognised until there is reasonable assurance that the charity will comply with the conditions
attaching to them and the grants will be received.
Where the grant does not impose Specified futLire performance-related conditions on the recipient.
it is recognised in income when the grant proceeds are received or receivable, Where the grant
does impose specified fvture performance-related conditions on the recipient, it is recognised In
income only when the performance-related conditions have been met. Where grants received are
prior to satisfying the revenue recognition criteria, they are recognised as a liability.

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Notes to the Flnanclal Statements fcondnugd)
Year ended 31 March 2024
Accounting policies fcontlnued)
Financial instrumen15
A financial asset or a finanoial liability is recognlsed only when 'the charity becomes a party to the
contractual provisions of Ihe instrument. Basic financlal Instruments are initially recognised at the
amount receivable or payable including any related transac*'on costs.
Current assets and current liabilities are subsequently m6asured atthe cash or other considereljon
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amorl'ised cost.
IAlhere investments In shares are publicly traded or their fair value can otherimse be measured
reliably, the investment 1$ 6ubsequently measured at fair value wilh changes in fair value
recognised in income and expendlture, All other such investments are subsequently meaBured at
cost less impairment.
Other financial in8truinents, including derivatives, are initially recognised at fair value, unless
payment for an asset is defe￿ed beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently mea8ured at fair value, with any changes recognised
In the statement of *inancial actlvlties, with the exception of hedging instNment8 in a designated
hedging relationship,
FinanGial assets that are measured at cost or amortised cost are reviewed for objective evidence of
Impairment at the end of each reporting date. If. there is objective evidence of impairment, an
impairment loss is recognised under the appropriate h eading in the Statement of financial activities
in which the initial gain was recognised,
For all equify instru ments regardles5 of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either
assessed indlvidually or grouped on the basis of similar credit risk characteristics.
Any reversals of impalrment are recognSsed immedlately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrylng amount would
have been had the irnpairment not previously been recognised.
Donations and legacies
Unresiricted
Fund5
Restricted Total Funds
Funds
2024
Donation5
Donations - Thanksgiving
Donations - Tithes, Offerlngs & Other Donation
Donations - Gift Aid
Donations - Building Fund
7,293
160,443
40,847
7,293
160,443
40,847
1,865
210,448
1,865
208,583
1,865
-25-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Flnanclal Statements (conllnuedj
Year ended 31 March 2024
Donations and legacies (continued)
Unrestrldted
Funds
Fiestricted Total Funds
Funds
2023
Donations
Donations - Thanksgivlng
Donations - Tithes, Offerings & Other Donation
Donations - Gift Ald
Donations - Building Fund
7,532
176,959
54,447
7,532
176,959
54,447
4,662
243,800
4,862
4.,862
238,938
other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
CMC Nursery Income
906,028
906,028
876,831
876,631
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
1,880
1,880
366
366
Other income
Unrestrictsd Total Funds Unrestrided Total Funds
Funds
2024
Funds
2023
Rental Income
4,875
4,875
Costs of raising donations
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Support costs (note 11)
16,385
16,385
11,985
11,985
-26-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (conunuedj
Year ended 31 March 2024
Costs of other trading activities
Unrestrrcted
Funds
Restricted Total Funds
Fund8
2024
Fundraising trading- CMC nursery
Support costs (note 11)
662,467
102,329
662,467
114,694
777,161
12,365
764,796
12,365
Unre5trlcted
Funds
Restricted Total Funds
Funds
2023
Fundraising trading - CMC nur8ery
Support costs
536,315
71,531
536,315
83,896
12,365
607,846
12,365
620,211
10. Expendlture on charltable activitles
Unrestricted
Funds
Restri¢t.ed Total Funds
Fund8
2024
DireGt Gharitsble cost
Support costs (note 11)
317,229
29,238
346,467
317,229
32,770
349,999
3,532
3,532
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Direct charitable cost
Support costs
285,565
20,438
285,565
23,970
3,532
306,003
3,532
309,535
27-

THE KINGSBOROUGH CENTRE
Company Llmlted by Guarantee
Notes to the Financial Statements fcontlnu6d)
Year ended 31 March 2024
11. Supporl costs
Cost of
generating
voluntary
Income
Total
Support
Cost
2024
Cost of
charitable Fund raising
8Qtivities
trading
Bank fees
Cleaning
Depreclation & Impairment
Insurance
IT sofvare and consumables
Light, power, heating
Motor vehicle expense
Motor vehicle hire
Pensions costs
Postage & courier
Printh'ng & stationery
Repair & maintenance
Staff training
Subscriytion
Telephone & Internet
1,164
3,673
7,519
2,9Q4
631
2,919
1,075
1,492
2,962
10
2,751
2,343
1,390
994
942
4,075
12,855
28,318
10,164
2,210
10,217
3,763
5,223
10,365
34
9,629
8,200
4,866
3,479
3,295
582
1,836
3,760
1,452
316
1,460
538
746
1 ,481
5,822
18,365
37,597
14,620
3,167
14,596
5,375
7,462
14,808
49
13,756
11,714
6,951
4,969
4,708
1,376
1,171
695
497
471
32,770
114,894
16,385
163,848
12. Govemance costs
Unrestricted Total Funds Total Funds
Funds
2024
2023
Ac¢ountancy fees
Audit fees
Legal & professional cost
6,69Q
2,700
13,735
6,690
2,700
13,735
5,462
2,700
3,979
12,141
23,125
23,125
13. Net Income
Net (expenditure)lincome is stated after chargingl(crediting)'.
2024
2023
Depreciatlon of tangible fixed assets
48,778
25,475
14. Auditors remuneration
2024
2023
Fees payable for the audit of the financial statements
2,700
2,700
28-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (¢onllnued)
Year ended 31 March 2024
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follc¢WS'.
2024
2023
Wages and Salaries
Social security costs
Other pension costs
650,758
46,390
11,710
708,858
570,675
38,512
10,526
619,713
2024
2023
The average Monthly Number of employees during the year
27
29
Only one employee, Mr, Babatunde Balogun, was pald £75,408 (2023.. £74,792)
16. Trustee remuneration and expenses
No salaries or wages have been pald to trustees, except the remuneration paid to Pastor O
Balogun of£40,429 per year for working in her capacity es charity managing director.
17. Tangible fixed assets
Land and
buildings
Equipment
Total
Cost
At l April 2023
Additions
2,523,401
259,702
168,8S8
35,309
204,177
2,692,269
295,011
2,987,280
At 31 March 2024
2,783,103
Depreciatlon
At l April 2023
Charge for the year
At 31 March 2024
107,233
32,092
145,433
14,686
160,119
252,666
46,778
299,444
139,325
Carrying amount
At 31 March 2024
2,643,778
2,416,168
44,058
23,435
2,687,836
2,439,603
At 31 March 2023
29-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2024
18. Debtors
2024
2023
Trade debtors
other debtors
14,244
16,260
30,494
8,027
8,037
19. Cash and cash equivalents
Cash and cash equivalents comprise the following,,
2024
2023
Cash at bank and in hand
38,232
38,232
121,065
121,065
20. Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
Accruals and deferred income
Social securily and other taxes
Other creditors
218,167
93,143
52,089
19,008
131,243
82,165
29,698
19,008
262,114
382,407
21. Creditors: amount5 falllng due after more than one year
2024
2023
Bank loans and overdrafts
other creditors
1,614,512
189,193
1,783,705
1,494,191
178,511
1 ,672,702
-30-

THE KINGSBOROUGH CENTRE
Company Lirnited by Guarantee
Notes to the Flnanclal Statements fcontlnugd)
Year ended 31 March 2024
22. Analysis of charitable funds
Unrestricted fund5
At
1 April 2023
At
Income Expenditure 31 March 2024
General funds
617,045
1,121,366 (1,150,773)
587,638
At
1 April 2022
Income Expendlture 31 March 2023
General funds
439,084
1,115,935
(937,974)
617,045
Restricted funds
At
1 April 2023
At
Income Expendlture 31 March 2024
Restricted funds
16,844
1,865
(15,8971
2,812
At
1 April 2022
At
Income Expenditure 31 March 2023
Restricted funds
27,879
4,862
(15,897)
16,844
24. Analysis of changes in nel debt
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2024
2023
Tanglble flxed assets
Current assets
Creditors less than 1 year
Creditors greater than l year
Nel assets
2,685,Q24
68,726
(382,407)
<1,783,705)
587,638
2,812
2,687,838
2,439,603
68,726
129,102
(382,407) (262,114)
(1,783,705) (1,672,703)
590,450
633,889
2,812
25. Financial instruments
The carrying amount for each category of financlal instrument is as followw6=
2024
2023
Financial assets measured at fair value through Income and expendFtura
Financial assets measured at fair value through income and
expenditure
Financial liabilities measured at fair value through income and expendil'ure
FinanGial liabilities measured at fair value through income and
expenditure
38,232
121,065
2,166,112
1,934,816
26. Related Party Transactions
Other Creditors includes interest free loan of £188,201 from Mr Babatunde Balogun & Paster B
Oluwatoyin as assistance to secure the Mortgage at 4 New Windsor Street.
31

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Detailed Statement of Flnanclal Actlvitles
Year ended 31 March 2024
INCOMING RESOURCES
Voluntary Income
Total Fiinds Total Funds
2024
2023
Donations
Donation5 - Thanksgi￿ng
Donations - Tithes
Donations - Offerings
Donations - Other Donatioii
Donations- Gift. Aid
Donations - Building fund
Donatlons- Hadassah
Donations- Seed of Gratitude
Donations- Kingsmen
Donations- Welfare
Donations- Screen Project
Donatlons- Honorarium
7,293
111,814
20,290
24,093
40,848
1,865
1,175
7,532
125,147
18,227
23,687
54.,447
4,862
1,147
475
2.382
595
5,299
1,985
1,085
210,448
243.800
Activities for Generating Funds
Total Funds Total Funds
2024
2023
CMC Nursery Income
906,028
876,631
906,028
876,631
Investment Income
Total Funds Total Funds
2024
2023
Bank interest receivable
1,880
366
Other Income
Total Funds Total Funds
2024
2023
Rental Income
4,875
Total Incoming Resources
1,123,231
1.120,797
32-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Detalled Statement of Fi nancial Activities (contlnugd)
Year ended 31 March 2024
RESOURCES EXPENDED
Fundraising Trading Cost
Total Funds Total Funds
2024
2023
Rent
Employment Cost
Nursery Misc. Expense
Interest Paid
2,763
609,875
18,035
131,794
421,201
17,521
97,593
662,467
536,315
Cost of Charltable Activlty
Total Funds Total Funds
2024
2023
Charitable donallon
FOL & Out Reach
Hadassah Expenses
Honorarium
Hospltality & Retreat
Music & Choir Expense
Employment Cost
Rent & Rates
Consulting
Travelling: International & Loc81
Advertising & Marketing
Welfare Expense
Miscellaneous (including Interest)
24,633
3,566
219
18,709
10,711
3,660
184,886
17,081
26,098
7,218
6,700
5,783
933
188,581
1,408
2,691
24,066
1,058
25,631
7,115
3,000
13,030
21,028
317,231
285,565
Govemance Cost
Total Funds Total Funds
2024
2023
A￿ountancY fees
Audit fees
Legal fees
6,690
2,700
13,735
5,462
2,700
3,979
23,125
12,141
33-

THE KINGSBOROUGH CENTRE
Company Limlted by Guarantee
Detailed Statement of Flnancial Activities (contlnuèd)
Year ended 31 March 2024
Support Cost
Total Funds Total Funds
2023
2022
li
Light, Power, Heating
Insurance
IT Cost
Printlng, Sfationery and Postage
Bank Interest and Charges
Motor Expenses
Repairs & Maintenance
Cleaning
Depreciation
Subscription
Telephone
14,594
14,820
3,157
13,804
5,822
12,837
11,714
18,365
37,597
4,970
4,708
7,352
13,46g
1,117
5,723
2,005
11,365
11,100
17,720
25,475
5,303
5,365
Human Resource:
Pension Cost
Staff Tralning
Recruitment Expenses
14,808
6,951
10,526
3,332
163,847
119,852
1,166,671
953,872
Totsl Outgoing Resources
-34-