Charity Number 1114048
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Trustees Report and Financial Statements
For the year ended 1 JUNE 2021
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
| Contents | Pages |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees Report | 2-3 |
| Report of the Independent Examiners | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes forming part of the Financial Statements | 7-9 |
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Legal and Administrative Information
Trustees as at 01 June 2021 Editha Francisco Helen Elizarde Maria Asuncion Sarabia Josephine Solis Jesusa B. Sambo Principal Office 21 Horcroft Avenue London NW2 2EJ Independent Examiner ABN Accountants 45 St. Mary's Road London W5 5RG Bankers Barclays Bank PLC.
1
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Trustees Report for the Year Ended 01 June 2021
The Trustees submit their report and financial statements for the year ended 01 June 2021.
Constitution
The Trust is an unincorporated association governed by written Trust Deed dated 10 January 2005 and is registered with Charity Commission - No. 1114048.
Object of the Charity
The objects of the Charity are:
-
a) to advance the Christian faith in accordance with the holy bible
-
b) to relieve persons in conditions of hardship
c) to fulfil such other purposes as are exclusively charitable in accordance with the laws of England
and Wales and are connected with the charitable work of the Trust.
Review of Business
The charity' result for the year are dealt with in detail in the financial statements attached.
Organisation
The Trustees who have served during the year and since the year-end are set out on page 1.
Results
The statement of financial activities is set out of page 5.
Reserves Policy
The Trustees have established a policy of holding reserves sufficient to enable the charity to continue in the event of unforeseen expenditure.
2
Trustees Report for the Year Ended 01 June 2021 (continued..)
Fund Raising Activities
The main fund raising activity has been the general donations. The donations for the year ended 01 June 2021 amounted to £38,528.02
Risk Management
Identified risks are the loss of a religious leader or leaders, which would cause some short term deterioration in the quality of services provided. However, the trustees feel that this 'would not' impact on the community in the long term and that adequate provision has been made to settle its current commitments and obligations. The Charity confirms that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Approved by the Trustees and signed on their behalf by:
Ms. Maria Asuncion Sarabia
Dated: ________
3
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2020
Independent Examiner's Report to the Trustees of The Kingdom of Jesus Christ
We report on the accounts of The Charity for the year ended 1 June 2021, which are set out on pages 5 to 9.
Respective Responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts (under section 145 of the Charities Act);
-
follow the procedure laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act; and
-
state whether particular matters have come to our attention.
Basis of Independent Examiner's Statement
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met.
Muhammad Anam
ABN Accountants Ltd.
45 St. Mary's Road London W5 5RG
4
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Statement of Financial Activities
For the Year Ended 01 June 2021
| Incoming Resources Donations and gifts Bank interest received Total incoming resources Net incoming resources available for charitable application Resources Expended Direct charitable expenditure Other Expenditure Administration expenditure Depreciation charges Total resources used Net incoming/(outgoing) resources for the year Balance b/f at 02 June 2020 Balance c/f at 01 June 2021 |
Notes 2 3 4 |
Unrestricted Funds Total Funds 2021 Total Funds 2020 38,528 38,528 119,642 21 21 47 |
|---|---|---|
| 38,549 38,549 119,690 |
||
| 38,549 38,549 119,690 |
||
| (24,564) (24,564) (79,247) (10,070) (10,070) (23,770) (12,813) (12,813) (12,813) |
||
| (47,446) (47,446) (115,830) |
||
| (8,897) (8,897) 3,860 |
||
| 33,894 33,894 30,035 |
||
| 24,998 24,998 33,894 |
5
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Balance Sheet as at 01 June 2021
| Fixed assets Motor vehicle Current assets Prepayments Cash at bank and in hand Creditors: amounts falling due within one year Net current assets/liabilities Total Assets less Current Liabilities Creditors: amounts falling due after more than one year Net Assets / (Liabilities) Funds Unrestricted |
Notes | 2021 £ 7,063 - 32,367 32,367 (2,000) 30,367 37,429 (12,431) 24,998 24,998 24,998 0.00 |
2020 £ 19,875 - 34,407 |
|---|---|---|---|
| 34,407 (2,000) 32,407 52,282 (18,387) |
|||
| 33,894 | |||
| 33,894 | |||
| 33,894 | |||
| - |
The notes on pages 7 to 9 form an integral part of these financial statements.
The financial statements were approved by the Trustees on _____
Signed on behalf of the Trustees
______ Ms Maria Asuncion Sarabia
6
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Notes to the Financial Statements
Year Ended 01 June 2021
1 Accounting Policies
a) Accounting Convention
The financial statements have been prepared under the historical cost convention.
In preparing the financial statements, the Charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities", (FRS 102 SORP), applicable as from 1 January 2017.
b) Income
All the donation income is recognised as receipt basis.
2 Donations and Gifts
| Unrestricted Funds Restricted Funds £ £ General donations 38,528 - aritable Expenditure Unrestricted Funds Restricted Funds £ £ Donation to Joy Foundation - - Donation to KJC Charity Philippines 24,500 - Rent for workshop centre - Food at workshop centre - Other worship expense 64 - ation Expenditure - (unrestricted) Repair Travel and motor expenses Telephone Accountancy fees Other office expenditure Council tax and water rates Lighting and heating TV Licence Legal and Professional fees Loss on disposal of motor vehicle - scrapped Total Administration Expenditure |
Total Funds 2021 £ 38,528 38,528 Total Funds 2021 £ - 24,500 - - 64 24,564 2021 £ - 5,666 - 3,200 1,204 - 10,070 |
Total Funds 2020 £ 119,642 |
|---|---|---|
| 119,642 | ||
| Total Funds 2020 £ - 77,208 1,930 109 |
||
| 79,247 | ||
| 2020 £ - 7,989 854 5,000 1,797 4,461 3,076 141 - |
||
| 23,317 |
3 Direct Charitable Expenditure
4 Administration Expenditure - (unrestricted)
7
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Notes to the Financial Statements (…. Continued ….) Year Ended 01 June 2021
| 5 Intangible Fixed Assets Cost or valuation At 02 June 2020 Additions Disposal - scrapped At 01 June 2021 Depreciation At 02 June 2020 Depreciation charge for the year Elimination on disposal - scrapped At 01 June 2021 Net Book Value At 01 June 2021 At 01 June 2020 6 Creditors: amount falling due within one year Accruals HP account 7 Creditors: amount falling due after more than one year HP account |
2020 £ Motor Vehicle 51,250 - 51,250 31,375 12,813 - 44,188 7,063 19,875 2020 £ 2,000 - 2,000 2020 £ 12,431 12,431 |
2020 £ Motor Vehicle 51,250 - |
|---|---|---|
| 51,250 18,563 12,813 - |
||
| 31,375 | ||
| 19,875 | ||
| 2020 £ 2,000 - |
||
| 2,000 | ||
| 2020 £ 18,387 |
||
| 18,387 |
8
THE KINGDOM OF JESUS CHRIST THE NAME ABOVE EVERY NAME
Financial Statements for the year ended 1 June 2021
Notes to the Financial Statements (…. Continued ….) Year Ended 01 June 2021
8 Analysis of Net Assets between Funds
| f Net Assets between Funds | ||
|---|---|---|
| Unrestricted Funds Restricted Funds £ £ Current and fixed assets 39,429 - Current liabilities (2,000) - Non current liability (12,431) - |
Total Funds 2020 £ 39,429 (2,000) (12,431) 24,998 |
Total Funds 2020 £ 54,282 (2,000) (18,387) |
| 33,894 |
9 Funds
Unrestricted funds comprise those funds, which the trustees are free to use in accordance with the charitable objects.
Restricted funds are funds which have been given for particular purposes and projects. There are no unrestricted funds as at 01 June 2020.
10 Unrestricted Funds
| General fund | Total funds 2020 Movement in year Total Funds 2021 £ £ £ 33,894 (8,897) 24,998 33,894 (8,897) 24,998 |
Total Funds 2020 £ 33,894 |
|---|---|---|
| 33,894 |
11 Controlling Party
There is no controlling party.
9