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2021-12-31-accounts

Charity Registration No. 1135259

Company Reglstratlon No. 07133411 (England and Wales)

Kingdom Advance Network Annual report and unaudited financial statements For the year ended 31 December 2021

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KINGDOM ADVANCE NETWORK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr H K McCallum

Mr A K Smith Rev S P Watson Rev J A Watson Mr R W Billitt Mrs M J Billift

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Charity number

1135259

Company number

07133411

Registered offlce

KAN

Hawkins Lane Burton on Trent ; DE14 1EJ

Independent examiner

Hayden Watson

Elstree House Watson's Yard High Street Cottenham Cambridge CB24 8RX :

KINGDOM ADVANCE NETWORK

CONTENTS

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Page
Trustees’ report 1-4
Independent examiners report 6
Statement offinanclal activities 7-8 :
Balance sheet 9-10
Notestothefinancialstatements 11-21

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KINGDOM ADVANCE NETWORK TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2021 SS

The trustees present their annual report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 jo the financial statements and comply with the charitable trust's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing theit accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019}".

Objectives and activitles

The primary aims of the Trust are to fulfil the role of a Christlan Church in the Burton on Trent area and elsewhere by any means whatsoever and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.

The Church: its Aims and objectives

The Church Is not a building, but a gathering of ordinary people of different ages and back- grounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, whom by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Kingdom Advance Network; Its trustees, leaders and members are committed to the restoration of those New Testament principles. It is not alone in this; it Is one of many churches in the area, country and all over the word that are re-discovering the excitement of knowing Jesus Christ. The vision Is to see the people of Burton on Trent, the Midlands and across the world, come into this experience of knowing Jesus as their Lord, Saviour and friend.

Kingdom Advance Network (KAN} is part of the "Church in Burton” and has a long-standing relationship with Glory of Zion Intemational, a Christian organization that pursues similar objectives around the world. Ht is also part of Ground Level, an apostolic network of churches based in the UK, with Its headquarters in Lincoln.

The Church: Its Structure and terminology

The KAN Trustee board members manage KAN as a business, holding a position of trust and responsibility for the benefit of KAN's stakeholders. Directions relating to the charitable trust are made by the Trustees in consultation with the Apostolic Leaders and Pastors, who are responsible for governing the life and teaching of the church. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, within budgets set and monitored by the Trustees. The powers of appointment or removal of Trustees rests with both themselves and the Apostolic Leaders. New Trustees are primarily selected from KAN - Stakeholders or Members of the church sharing the same vision, since this means the Board Is wholeheartedly involved in seeing the mission of the church worked out in practice. On being appointed new Trustees spend time with the existing members to ensure they understand thelr responsibilities and the legal and financial framework in which the church operates.

Whilst the church does employ paid staff, it ls the work of every member of the church, whether employed or not, that will make the difference in the church achieving its great commission. This is done in ‘being sat and light ’ amongst the people they interact with every day; by praying, by visiting the sick and others in need, in being Involved in tralning others, in public teaching and worship, and also in administration. The financial resources of the church, to a very large extent, are given by members and stakeholders, and their private assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognitlon and the hours and value of that time cannot be quantified.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable trust should undertake.

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KINGDOM ADVANCE NETWORK

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Achievements and performance

The Year: Its Objectives and Achievements

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From March 2020 the global community was hit by a pandemic that changed the world, with lockdowns and working from home encouraged where possible.

Kingdom Advance Network immediately began a daily broadcast - Monday to Friday with an encouraging word, which also included worship, prayer and communion. This has continued to date. Even though the restriction on Church gatherings were dropped KAN did not retum to in-person gatherings, choosing to continue with broadcasts and zooms, until the leadership deemed i appropriate to retum. The mojarity of the congregation were overjoyed at meeting again and enjoying corporate worship and meeting together for felowship and teaching.We have also held broadcasts for training, equipping and interviews programs giving an informal look into people and subjects appropriate to our audience. We invited speakers from both the UK and abroad ta bring a fresh approach as well as variety.

We have found that many more people engaged with our ministry than jusi those who could attend our services, with increased numbers from abroad.

Despite covid our influence has increased as well as our support base.

Practical help to the community.

We continue to financially support other organisations out of our mission giving account. These include: MAF — Missionary Aviation Fellowship is an organisation using planes to take the gospel, medicine and relief to remote villages in Africa.

Chilstian Concern for our Nation - Give legal help and support to those people who are falling foul of new legislation that not always provides Christians the right to hold their own convictions according to the Bible.

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Eurovision (David Hathaway) - Eurovision is very active around the globe preaching the gospel through mass evangelism.

We have also provided support for Christian centres in: Iselohn, Germany; and ministries working with Jewish communities in Israel and elsewhere. A Christian school in Scotland has alse been helped through the generosity of our members and partners.

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We help equip leaders from various church backgrounds to teach and train and provide teaching materials. We also manufacture and distribute teaching materials In the UK and internationally. We have developed our own teaching resources which Include business and leadership training, vision, personal development etc., as well as biblical principles. Our members live across the region, with some travelling an hour or more for our gatherings.

Fortunately the development of our media department enabled us to communicate to a greater global audience and take advantage of new technology and media platforms.

Some of the year’s highlights have included:

The members of the church have consistently been applying the principles of Church Ie outlined in the New Testament being ‘salt and light 'even during lockdown. Our broadcasts have enabled them to not feel isolated or to suffer from anxiety and fear.

One major development for us has been the inclusion of a Romanian congregation who are now a part of our ministry. They share our vislon and values and are working closely with our leadership and congregation. We have purchased equipment for language interpretation as we look to have one English speaking gathering rather than - two in different languages. This new congregation called “BeOne" are young with families and are enjoying using our facilities and benefitting from our wisdom, experience and maturity.

the Trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

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KINGDOM ADVANCE NETWORK

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

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Pians for the New Year

Now that we are enjoying in-person gatherings again, our key strategies for the church resume with conferences, training events and prayer initiatives. Where appropriate we make as many of our gatherings available online. The membership of KAN has grown with Aligned Partners and Leaders who share our values and help to support the vision of the ministry.

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. We plan to integrate BeOne into our gatherings as well as helping to facilitate Romanian speaking meetings.

Further work will continue on the fabric of the building with new fire doors and cladding to refresh the look of the building.

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KINGDOM ADVANCE NETWORK oS EY city wy, TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) oe pee gS FOR THE YEAR ENDED31 DECEMBER 2021 Tate os ee

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Financial review

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The Trustees have se! a policy of retaining reserves, where possibie, for the foreseeable needs'of the church. Where there Is specific capital expenditure foreseen amounts are set aside into designated funds sa the free reserves (general reserves excluding amounts Invested in assets for the churches use) are avaligbie ta‘ meet the costs of normal running and expansion of the church and to snsure the church can meet ihe commitments that have been entered Into. : uo a

Gifts to extemal organisations and Individuals are considered by. the Trustees on the basis of need and fulfilment of the: chartlable objectives. Thera are no upper or lower Jimits of support.»

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The trustees has assessed the major risks to which the chartable trust is exposed, and are scitisfied that systems ore
In place to mitigate exposure to the major risks,
CO_ Risk Management
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All major insurable risks are subject to normal churches and employers ‘Insurance. Contractual risks ae reviewed = before being entered into to assess that they could not significantly impact upon the church’s ability to fulfil tts objectives. An annual review of areas of tisk is undertaken by the Trustees in conjunction with statf and volunteers responsitte for the area of activity.

Shucture, governance and management

The chearitabie trust ts a company Amited by guarantee,

The frustees, who are also the directors for the purpose of company taw, and who served during the year and up to the date-of signature of the financial statements were: Mr HK McCatum., , Mr AK Smith : Rev 5 P Watson Rev J A Watson

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©at None of the irusteeshas any beneficial interest in the company. Ailot the trusteesare members af the compony
and guarantee to contribute £1 in' the event of awinding up. . ae
The company's currant policy conceming the payment of trade cracittors is to follow the CBIs Prompt Payers Code
{copies ate available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The. company’s current policy concerning the payment of trade. crecitars is to:
+ sete the terms of payment. with suppliers when agreeing the terms of each transaction; .
"+, ensure that suppliers are made qwate of the. terms of payment by Inclusion of the retevant terms in contracts: wy
| and : a ee, ot ee het a : Bet
.¢ pay in-accordance with the Company's contractual and other legal obfigations,; a
: The > by the Board of Trustees. me oe
‘Les
Trustee on ra
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KINGDOM ADVANCE NETWORK

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the profit and loss of the Charity for that period. In preparing these accounts, the trustees are required to:

Prepare the accounts on the going concem basis unless it Is Inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Acts. They are also responsible for safe- guarding the assets of the Charity and hence for faking reasonable steps for the prevention and detection of fraud and other inegularities. The Trustees confirm that the accounts comply with current statutory requirements and those of the Charity's trust deed.

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KINGDOM ADVANCE NETWORK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF KINGDOM ADVANCE NETWORK

| report to the trustees on my examination of the financial statements of Kingdom Advance Network {the charitable trust) for the year ended 31 December 2021.

Responsibilitles and basts of report

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As the trustees of the charitable trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requlrements of the Companies Act 2006 (the 2006 Act}. ;

Having satisfied myself that the financial statements of the charitable trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charitable trust's financial statements carried out under section 145 of the Charities Act 2011 {the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5}{lb} of the 2011 Act.

Independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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Ihave no concems 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 financial statements to be reached.

Hayden Watson

Elstree House

Watson's Yard High Street ; Cottenham : Cambridge CB24 8RX

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KINGDOM ADVANCE NETWORK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 20217

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‘ Unrestricted Unrestricted Realricted Total Unrestricted Resticted Total
funds funds tunds funds funds
general §=Designated general
2021 2021 2021 2021 2020 2020 2020
Incomefron
Bondilonsand lagactes
Chartableacttyities
investments		 Notes
3
4
5		 £
200,558
23,964
7		 £
18,566
-
-		 £
3
“
-		 £
219,154
23,964
7		 £
202,980
20,097
VAS		 £
2,254
-
-		 £
205,234
20,097
23
TotalIncame 224,529 18,566 30 243,125 223,100 2,254 225,354
Expenditure on;
Charttable activities		 é .
195,260		 23,802 364 219,428 194,239 6,712 200,95]
NetIncoming/(outgoing) resources before transfers 2269 {5,236} (334) 23,699 28,841 (4,458) 24,403
Net Incoming/(outgolng) rexources before transfers 29,269 {5,236} (334) 23,699 28,861 {4,458} 24,403
Grosstransfersbetween funds {6,324} 6,040 284 - {4,508} 4,508 +
NetIncome/({expenditure) tor fheyear/
NetmovementIntunds 22,945 804 (50} 23,699 24,353 & 24,403
Fund baiancesat January 202] 712,712 - c's) 712,762 688,359 -
Fund balances at 31 December; 2021 ; 735,657 804 - 736,441 712,712 ‘50 712,762

The statement of financtal activities Includes all gains and losses recognised in the year.

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KINGDOM ADVANCE NETWORK

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

All Income and expenditure derive from continuing activites.

The statement of financial activities alto complles with the requirements for an Income and expenditure account under the Companies Act 2006.

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KINGDOM ADVANCE NETWORK

BALANCE SHEET

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AS AT 31 DECEMBER 2021

2021 2020
. Notes £ £ £ £
Fixed assets
Tangible assets 10 757,723 751,877
Current assets
Stocks 11 7,850 7,850
Cash at bank and in hand 102,527 101,526
: 110,377 . 109,376 ,
Creditors: amounts falling due within one
year 13 {18,000} {1,170}
Net current assets 92,377 108,206
Total assets less current llabliitles 850,100 860,083
Creditors: amounts falling due afiermore
thanoneyear 14 {113,439} (147,321}
Net assets 736,46] 712,762
Income funds
Restricted funds : - 50
Unrestricted funds -Designated 804 -
Unrestricted funds - general
Designated funds 18 805 -
General unrestricted funds 734,852 712,712
' 735,657 712,712
. 736,461 712,762

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KINGDOM ADVANCE NETWORK

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021

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The company Is entitled to the exemption from the audit requirement contained in sectian 477 of ihe Companies Act 2006, for the yeor ended 31 Decerntber 2021,

Therespectdirectors acknowledgethe responsibilities for complying. with the requirements of the Companies Act 2006 with to accounting records and the preparation of financial statements. . . Theaccordancememberswithhavesectionnot required476. | the campany to obtain an auditaeof tts financial statementsfor the year in question in These .flnancic# statements have been prepared In accordance with the provisions applicable to companies subjact 10 the smal compantes regime. Ss The financlalya approved by the Trustees on bid LOL ZOD,

Trustee

Company registration number 07139411

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Charity information

Kingdom Advance Network Is a private company limited by guarantee incorporated in England and Wales. The registered office is KAN, Hawkins Lane, Burton on Trent, DE14 1EJ.

1.1. Accounting convention

The financial statements have been prepared in accordance with the charitable trust's [goveming document], the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” ("FRS 102") and the Charities SORP “Accounting and Reporting by Chattties: 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 2019). The charitable trust Is a Public Benefit Entity as defined by FRS 102. The charitable trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold propertles and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

. 12 Golng concem At the time of approving the financial statements, the trustees have a reasonable expectation that the ~ charitable trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

’ Cash donations are recognised on recelpt. Other donations are recognised once the charitable trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognised at the time of the donation.

Legacies are recognised on recelpt or otherwise if the charitable trust has been notified of an impending . distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy Is treated as a contingent asset.

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policles

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(Continued)
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1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third . party, it is probabie that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not atirllbutable to a single activity are apportioned between those activitles on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.4 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings 1% Reducing balance Plant and equipment 10 or 20% Reducing balance Fixtures and fittings 33.3 or 10% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the ditference between the sale proceeds and the carrying valve of the asset, and is recognised in the statement of financial activities.

At each reporting end date, the charitable trust reviews the carrying amounts of its tangible assets to determine whether there 's any Indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any}.

1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. tems held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents Cash dnd cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classlfled as receivable within one year are not amortised.

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

Basic financial abilities , Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. ;

Debt instruments are subsequently caried at amontised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable trust’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period In which the employee's services are received.

Termination benefits are recognised immediately as an expense when the chariiable trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critlcal accounting estimates and Judgements

In the application of the charitable trust's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an. ongoing basis. Revisions to accounting estimates are recognised in the period In which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

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3 Donations and legacles

Unrestricted
funds		 Unrestricted
funds		 Restictad
funds		 Total Unrestictad
funds		 Restricted
funds		 Total
general §=Designated general
2021 2021 2021 2021 2020 y.0¥.9) 2020
2 £ £ £ Fa Fy z
Donationsandgifts
Government granisreceived		 200,558
-		 18,566
-		 x
-		 219,154
-		 201,706
1,274		 2,254
-		 208,760
1,274
200,558 18,566 Ke) 219,154 202,980 2254 205,234
Donationsand gifts
Appealsanddonations
GAR ald faxreclaim
Feesand supptes
Other		 ; 167,807
31,730
1,021
-		 18,566
-
-
-		 w
-
-
-		 186,403
31,730
1021
-		 166,336
33,996
21,472
(20,098)		 2,254
-
-
-		 168,590
33,996
21,472
(20,098)
200,558 18,566 3 219,154 201,706 2,254 203,960
Grants racelvable for core activities . ;
CoronavirusJob RetentionScheme - - - - 1,274 - 1,274
- - - - 1,274 - 1,274

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KINGDOM ADVANCE NETWORK

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEM BER 2021

4 Charitable activities

Bookshop Bookshop
and Cafe and Cate
2021 2020
£ £
Bookshop and Cafe 15,564 15,197
Chantable rentalincome 8,400 4,900
23,964 20,097

§ Investments

Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Interest receivable 7 23

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

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é Charitable activities
Christian Christian
mission & mission &
social action social action
2021 2020
£ £
Staff costs 105,506 101,554
Depreciation and impairment 20,639 28,28)
Establishment costs 7 A86 9,595
Repairs and maintenance. 6,745 8,942
Office expenses 9,582 $,330
Printing, postage and stationary 1,030 685
Sundry and other costs . 3,483 5,450
Motor expenses 62 263
Advertising and promotion 534 861
Legal and professional costs 432 44]
Bookshop stock ‘ 5,408 5,327
Cafe stock 939 1,24]
Giving out 47,342 20,640
209,188 189,610
Share ofsupport costs {see note 7} 9,038 10,171
Share ofgovernance costs (see note 7} © 1,200 1,170
219,426 200,951
Analysls byfund
Unrestricted funds -general 195,260 194,239
Unrestricted funds -Designated 23,802 -
Restricted funds 364 6,712
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219,426 200,951

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

7 Support costs
Support costs Govemance 2021 Support costs Govemance 2020
costs costs
£ £ £ £ : £ £
,
Subscriptions and
donations 3,224 - 3,224 2,729 - 2,729
Bank charges 1,499 - 1,499 1,970 - 1,970
Interest payable 4,310 - 4,310 §,472 - 5,472
Support costs heading 6 5 - § - - ~
Independent
examination fee - 1,200 1,200 - 1,170 1,170
9,038 1,200 10,238 10,171 1,170 11,341
Analysed between
Charttable activities 9,038 1,200 10,238 10,171 1,170 11,341
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8 Trustees

None of the trustees (or any persons connected with them) received any remuneraiion or benefits from the charitable trust during the year, other than Rev S Watson and Rev J Watson who receive a small salary from the chartty.

9 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
§ 6
Employmentcosts 2021 2020
£ £
Wagesandsalaries 105,506 101,554

There were no employees whose annual remuneration was more than £60,000.

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

10 =‘ Tangible fixed assets

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||||||||| |---|---|---|---|---|---|---|---| |Freehotd|tand|Plant|and|Fixtures|and|Total| |and|buitdings|equipment|fittings| |£|£|£|£| |Cost| |At|1|January 2021|716,849|117,459|158,000|992,308| |Additions|22,504|2,391|1,589|26,484| |At|31|December 2021|737,353|119,850|159,589|1,018,792| |Depreciation|and|impaiment| |At}|January|2021|63,310|80,213|96,907|240,430| |Depreciation|charged|in|the year|7,394|6,977|6,268|20,639| |At31|December|2021|70,704|87,190|103,175|261,069| |Canying|amount| |At|31|December 2021|668,649|32,660|56,414|757,723| |At 31|December 2020|653,539|37,246|$1,092|751,877| |11|Stocks| |2021|2020| |£|£| |Stock|7,850|7,850| |12|~~|Loans|and|overdratts| |2021|2020| |£|£| |Bank|loans|130,439|147,321| |Payable|within|one|year|16,800|-| |Payable|after one year|113,639|147,321|

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

13. Creditors: amounts falling duewithinoneyear
: 2021 2020
Notes £ £
Bank loans 12 16,800 -
Accruals and deferred income 1,200 1,170
18,000 1,170
14 = Creditors: amountsfalling due aftermorethan oneyear
2021 2020
Notes £ £
Bankloans 12 113,639 147,321

15 Designated funds

The income funds of the charity Include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in Movement In funds Movement In funds
funds
Incoming
resources		 Balanceat
1 January 2021		 Incoming
resources		 Resources
expended		 Transfers Balance at
31 December
2021
£ £ £ £ £ £
Regius School - - 11,887 {12,887} 1,000 -
Lucian and Andreea - - 2,930 (2,930} - -
Israel - - 912 (1,023} 111 -
Malawi ; - - 640 (500} - 140
Shelia Cox - - 500 - - 500
Martin and Norma Sarvis - - 397 {1,352} 955 -
Delon Aaron - ~ 331 (408) 77 -
Carolyn Hyde , - - 255 (390) 135 -
Betel - - 209 (2,831) 2,622 -
Other designated funds - - 505 (1,480) 1,140 165
- - 18,564 (23,801) 6,040 805

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) ‘ FOR THE YEAR ENDED 31 DECEMBER 2021

14 ~=Analysis of net assets between funds
Unrestricted
funds
2021		 Designated
tunds
2021		 Restricted
funds
2021		 Total
2021		 Unrestricted
funds
2020		 Resticted
funds
2020		 Total
2020
Fund bakonces al 31 Oacember
202] arerepresented by:		 £ £ £ £ £ Fy £
Tangible assets
Currentassets/(licioftities)		 787,723
92,377		 -
-		 -
-		 757,723
92,377		 751877
108,156		 -
fe?)		 751,877
108,206
Longtermablites {113,639} - - (113,639) {147,321} - (147,321)
. 736,461 - - 736,461 742,712 fet) 712,762

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KINGDOM ADVANCE NETWORK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

|

17. Related party transactions

There were no disclosable related party transactions during the year (2020 - none}.

.

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