Annual Report and Financial Statements for the Year Ended 31 August 2021
## Kingdom Faith Church London
Charity registration number: 1131257
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
## **KINGDOM FAITH CHURCH LONDON**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 15|
## **KINGDOM FAITH CHURCH LONDON**
## **Reference and Administrative Details**
## **Trustees**
Jonathan Croft Simon Coles Paul Karslake
**Principal Office** Foundry Lane Horsham West Sussex RH13 5PX **Charity Registration** 1131257 **Number**
**Independent Examiner** K Richards Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
**Bankers** HSBC 46 The Broadway Ealing London W5 5JR
Page 1
## **KINGDOM FAITH CHURCH LONDON**
## **Trustees' Report**
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2021.
## **Structure, governance and management**
## _**Nature of governing document**_
Kingdom Faith Church London is a registered charity, number 1131257, and is constituted under a Trust deed.
## _**Organisational structure**_
The governing body of Kingdom Faith Church London is the Trustees who are legally responsible for the governance and management of the Trust, working in close consultation with the Elders of Kingdom Faith Church London.
The Trustees are responsible for setting strategies and policies and for ensuring that these are implemented.
Authority to conduct the day-to-day operations of Kingdom Faith Church London is delegated by the Trustees to the leaders of Kingdom Faith Church London. The Elders are responsible for the implementation of policies and strategies on behalf of the Trustees.
## _**Risk management**_
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Objectives and activities**
## _**Objects and aims**_
The principal object of the Trust is the advancement of the Christian Faith.
## _**Objectives, strategies and activities**_
- Ministry to people in need
- Supporting people engaged in mission activities both overseas and in the United
- Kingdom
- Teaching the truths of the Christian faith and encouraging people to greater wholeness
- in their own lives
- Increased focus on London communities and out-reach in several areas
- Ministry to people in need of both emotional and physical healing
- Ministry to children
- Extended times of prayer and worship
Page 2
## **KINGDOM FAITH CHURCH LONDON**
## **Trustees' Report**
## _**Public benefit**_
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
## _**Review of activities**_
The Church has continued to move forward during 2020/2021 despite the difficult circumstances in the Nation with so many restrictions due to Covid. Through Jonathan & Helena Croft's leadership the Church has continued to develop into a community, looking out for each other and those within their own communities. The core team continues to help them lead the church.
COVID: This has continued to affect us like every other church during the course of the year. We began our In-Person services again in September, and also continued the live streaming via the YouTube platform. With many restrictions still in place we used a booking in system to ensure we kept accurate records of those in attendance. We ensured that we had a Covid Health and Safety plan in place along with Mary Sumner’s House policy that we sort to adhere to with mask compulsory during the course of the service. With lockdown during November, we went back to live streaming the service with a minimum number of people allowed to be present for this purpose. We sort to return to In-Person services during December but once again during January we decided to cease the In- Person service and went back to live streaming from the Croft’s home. We commenced In-Person Services again at the end of March and have continued to maintain both on line and at Mary Sumner house since then. Numbers haven’t been the same as pre-covid with only half attending in person. We continue to have positive numbers watching online both live and others watching the recording at a time more convenient to them.
We continue to have small groups across London and we also have instigated prayer triplets or prayer quads and this has proved a great way for people to stay connected. We March these meetings have gone onto Zoom or Webex.
We have continued to hold our prayer events online.
We continued to provide financial support to Tony Silverwood unit December and thereafter we began to support Persis Pawlose in India. Persis along with her husband Shajin and the family, run an orphanage and a school, which Jonathan Croft visited some time ago.
Kurt Erickson, a pastor, runs a charity called Church without Walls, a charity that helps the homeless. Kingdom Faith has supported this work throughout the year with a number of the team joining this work on a Saturday Morning in Victoria.
Kingdom Faith church have also partnered with Streetlight UK; a charity looking to help those trapped in prostitution. A number of the congregation have joined this team to help support this work.
Page 3
## **KINGDOM FAITH CHURCH LONDON**
## **Trustees' Report**
## **Financial review**
Income for the year amounted to £139,408 (2020: £136,938) and expenditure £115,578 (2020: £119,276). The surplus of £23,830 was added to fund brought forward, with the year end unrestricted fund balance being £47,123.
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **Statement of Trustees' Responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the charity on 27 June 2022 and signed on its behalf by:
......................................... Simon Coles Trustee
Page 4
## **KINGDOM FAITH CHURCH LONDON**
## **Independent Examiner's Report to the Trustees of Kingdom Faith Church London**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2021 which are set out on pages 6 to 15.
## **Respective responsibilities of Trustees and examiner**
As the charity’s Trustees of Kingdom Faith Church London you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Kingdom Faith Church London's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Kingdom Faith Church London as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... K Richards
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
27 June 2022
Page 5
## **KINGDOM FAITH CHURCH LONDON**
## **Statement of Financial Activities for the Year Ended 31 August 2021**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
138,549
Investment income
3
1
Other income
-
Total income
138,550
**Expenditure on:**
Charitable activities
4
114,397
Total expenditure
114,397
Net
income/(expenditure)
24,153
Gross transfers between
funds
(323)
Net movement in funds
23,830
**Reconciliation of funds**
Total funds brought
forward
23,293
Total funds carried
forward
12
47,123|**Restricted**
**funds**
**£**
858
-
-
858
1,181
1,181
(323)
323
-
-
-|**Total**
**2021**
**£**
139,407
1
-
139,408
115,578
115,578
23,830
-
23,830
23,293
47,123|**Total**
**2020**
**£**
136,938
2
320|
|---|---|---|---|
||||137,260|
||||119,276|
||||119,276|
||||17,984
-|
||||17,984
5,309|
||||23,293|
The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
## **KINGDOM FAITH CHURCH LONDON**
## **Balance Sheet as at 31 August 2021**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
10
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2021**
**£**
2,938
2,938
1,986
48,105
50,091
(5,906)
44,185
47,123
47,123
47,123|**2020**
**£**
1,121|
|---|---|---|
|||1,121|
|||2,826
20,960|
|||23,786
(1,614)|
|||22,172|
|||23,293|
|||23,293|
|||23,293|
The financial statements on pages 6 to 15 were approved by the Trustees, and authorised for issue on 27 June 2022 and signed on their behalf by:
......................................... Simon Coles Trustee
The notes on pages 8 to 15 form an integral part of these financial statements. Page 7
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Kingdom Faith Church London meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Gift aid**_
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Page 8
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Furniture and equipment|25% on cost|
|Computer equipment|33% on cost|
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Page 9
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations to major
appeals
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
120,651
17,898
138,549|**Restricted**
**funds**
**£**
845
13
858|**Total**
**2021**
**£**
121,496
17,911
139,407|**Total**
**2020**
**£**
115,795
21,143|
|---|---|---|---|---|
|||||136,938|
## **3 Investment income**
|**Unrestricted**
**funds**
**General**
**£**
Interest receivable and similar income;
Interest receivable on bank deposits
1|**Total**
**2021**
**£**
1|**Total**
**2020**
**£**
2|
|---|---|---|
Page 10
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **4 Expenditure on charitable activities**
|**Note**
Ministry
expenses
Rent and rates
Guest speakers
Communications
Travel and
subsistence
Print, post and
stationery
Insurance
Equipment and
maintenance
Legal and
professional
Bank charges
Sundry expenses
Independent
examination
Depreciation,
amortisation and
other similar
costs
Grant funding of
activities
5
Staff costs
7|**Unrestricted**
**funds**
**General**
**£**
2,980
17,015
250
743
2,218
93
513
2,214
1,934
63
129
510
1,220
19,115
65,400
114,397|**Restricted**
**funds**
**£**
1,181
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,181|**Total**
**2021**
**£**
4,161
17,015
250
743
2,218
93
513
2,214
1,934
63
129
510
1,220
19,115
65,400
115,578|**Total**
**2020**
**£**
3,804
21,260
531
743
1,324
237
527
1,353
2,179
97
120
570
374
20,759
65,398|
|---|---|---|---|---|
|||||119,276|
Page 11
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **5 Grant-making**
## **Analysis of grants**
|Grants|**Grants to institutions**
**2021**
**£**
**2020**
**£**
15,305
18,219|**Grants to individuals**
**2021**
**£**
**2020**
**£**
3,810
2,540|
|---|---|---|
## **6 Trustees remuneration and expenses**
The pastor, Mr Jonathan Croft, a Trustee, and his wife are employees of the charity as permitted by clause 8 of the Trust Deed. Their gross income for the year amounted to £61,000 (2020: £60,000).
During the year, Mr Jonathan Croft, a trustee, and his wife also received benefits by way of pension contributions amounting to £3,108 (2020: £3,062).
No Trustees received reimbursement of expenses in the current year, (2020: £Nil).
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2021**
**£**
61,000
1,292
3,108
65,400|**2020**
**£**
60,000
2,336
3,062|
|---|---|---|
|||65,398|
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
|Ministry staff|**2021**
**No**
2|**2020**
**No**
2|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
Page 12
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **8 Tangible fixed assets**
|**Furniture**
**and**
**equipment**
**£**
**Cost**
At 1 September 2020
6,799
Additions
1,991
At 31 August 2021
8,790
**Depreciation**
At 1 September 2020
5,677
Revaluations
-
Charge for the year
872
At 31 August 2021
6,549
**Net book value**
At 31 August 2021
2,241
At 31 August 2020
1,122
**9 Debtors**
Prepayments
Accrued income
**10 Creditors: amounts falling due within one year**
Trade creditors
Accruals|**Furniture**
**and**
**equipment**
**£**
6,799
1,991||**Computer**
**equipment**
**£**
570
1,045||**Total**
**£**
7,369
3,036
10,405
6,247
348
872
7,467
2,938
1,122
**2020**
**£**
477
2,349|
|---|---|---|---|---|---|
||8,790||1,615|||
||5,677
-
872||570
348
-|||
||6,549||918|||
||2,241||697|||
||1,122||-|||
||||**2021**
**£**
650
1,336
1,986
**2021**
**£**
4,450
1,456
5,906|||
||||||2,826|
||||||**2020**
**£**
96
1,518|
||||||1,614|
Page 13
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **11 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to - £3,108 (2020 £3,062).
## **12 Funds**
||**Balance**|**Balance**|||||||**Balance**|**Balance**|
|---|---|---|---|---|---|---|---|---|---|---|
||**at 1**|||||||||**at 31**|
||**September**||**Incoming**||**Resources**||||**August**||
||**2020**||**resources**||**expended**||**Transfers**|||**2021**|
||**£**||**£**||**£**|||**£**||**£**|
|**Unrestricted funds**|||||||||||
|**_General_**|||||||||||
|General Funds|23,293||138,550||(114,397)|||(323)||47,123|
|**Restricted funds**|||||||||||
|Purse for the poor||-|858||(1,181)|||323||-|
|**Total funds**|23,293||139,408||(115,578)|||-||47,123|
||**Balance**|||||||**Other**|**Balance**||
||**at 1**||||||**recognised**|||**at 31**|
||**September**|**Incoming**||**Resources**||||**gains/**||**August**|
||**2019**|**resources**||**expended**||**Transfers**||**(losses)**||**2020**|
||**£**||**£**||**£**||**£**|**£**||**£**|
|**Unrestricted funds**|||||||||||
|**_General_**|||||||||||
|General Funds|4,447|135,946||(116,993)|||(427)|320||23,293|
|**Restricted funds**|||||||||||
|Purse for the poor|862||994|(2,283)|||427|-||-|
|**Total funds**|5,309|136,940||(119,276)|||-|320||23,293|
Page 14
## **KINGDOM FAITH CHURCH LONDON**
## **Notes to the Financial Statements for the Year Ended 31 August 2021**
## **13 Analysis of net assets between funds**
|**13 Analysis of net assets between funds**|||
|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
2,938
50,091
(5,906)
47,123
**Unrestricted**
**funds**
**General**
**£**
1,121
23,786
(1,614)
23,293|**Total funds**
**at 31**
**August**
**2021**
**£**
2,938
50,091
(5,906)|
|||47,123|
|||**Total funds**
**at 31**
**August**
**2020**
**£**
1,121
23,786
(1,614)|
|||23,293|
Page 15