REGISTERED COMPANY NUMBER: 07308725 (England and Wales) REGISTERED CHARITY NUMBER: 1139291
Report of the Trustees and
Audited Financial Statements for the Period 1 June 2021 to 30 June 2022
for
KHARIS MINISTRIES (A COMPANY LIMITED BY GUARANTEE)
KHARIS MINISTRIES
Contents of the Financial Statements for the Period 1 June 2021 to 30 June 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Report of the Independent Auditors | 5 to 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Cash Flow Statement | 11 |
| Notes to the Cash Flow Statement | 12 |
| Notes to the Financial Statements | 13 to 19 |
| Detailed Statement of Financial Activities | 20 to 21 |
KHARIS MINISTRIES
Reference and Administrative Details for the Period 1 June 2021 to 30 June 2022
TRUSTEES Mr I Gogo Mrs P Downes Mr J N Y Darbo (resigned 28.2.22) Mr T D Owusu-Lane Miss N A A Mensah Mr J Dumson-Kofhan REGISTERED OFFICE 2a Orchard Road Belvedere Kent DA17 5BP REGISTERED COMPANY 07308725 (England and Wales) NUMBER REGISTERED CHARITY 1139291 NUMBER SENIOR STATUTORY Muhammad Imran Ashraf AUDITOR INDEPENDENT AUDITORS Sigma Chartered Certified Accountants & Registered Auditors Kelvin House Kelvin Way Crawley West Sussex R10 9WE ACCOUNTANTS Richard Samson Chartered Accountant 21 Coldharbour Lane London SE5 9NR
Page 1
KHARIS MINISTRIES
Report of the Trustees for the Period 1 June 2021 to 30 June 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 June 2021 to 30 June 2022. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are to advance the Christian faith in accordance with the teachings of the Bible and to further the gospel of the Lord Jesus Christ by any and all means possible; and the relief of poverty, sickness and distress primarily but not exclusively in Africa by the provision of food, clothes and shelter and the relief of persons who are victims of natural disasters of war.
Significant activities
Activities which further the objectives include preaching the Word of God through regular Wednesday, Thursday and Sunday church meetings and Friday community based meetings held at the homes of members of the church congregation.
The charity is actively engaged in providing wholistic support to many disadvantaged individuals from all walks of life. This support is provided in many different forms including fellowship, worship, education, training and practical application of Christian principles.
The charity encourages members of the church congregation to practice the belief that all activities of their lives must be guided and directed aright by the Word of God, which is the Bible.
The charity serves to provide a means through which people can seek God and lead lives based on sound Christian doctrine.
STRATEGIC REPORT
Financial position
The trustees are pleased with the financial position of the charity at the balance sheet date.
Principal funding sources
The charity is maintained and operated by means of contributions from members of the congregation, private individuals, organisations or associations that share the objectives and aspirations of the charity and from revenues derived from its assets or business. All donations and contributions are non-refundable and shall be disbursed as the trustees see fit.
Investment policy and objectives
The trustees are of the opinion that the performance of the charity from a financial standpoint is in line with their expectations and plans for the charity.
The charity does not currently hold any investments.
A primary objective of the trustees is to acquire land and buildings to serve as a permanent Church headquarters. A permanent home for the Church will ensure the continued successful operation and growth of the Church.
Page 2
KHARIS MINISTRIES
Report of the Trustees for the Period 1 June 2021 to 30 June 2022
STRATEGIC REPORT
Financial review
Reserves policy
The charity does not currently analyse its funds into different classes or categories. All the funds are maintained in a single general fund.
Going concern
Despite the nationwide economic downturn the Charity has experienced continued growth.
The fellowship, worship, education, training and practical application of Christian principles provide real support in the lives of Church members as is evidenced by their willingness to continue to support this work by way of generous donations to Kharis Ministries.
Future plans
The trustees will continue to grow the membership of the Church and ultimately promote, develop and support effective means for people to seek God and lead lives based on sound Christian doctrine around the world as part of a trusted global community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The governing document of the charity is the Memorandum and Articles of Association of the company, limited by guarantee 'Kharis Ministries'.
Organisational structure
The charity is managed and controlled by the trustees. Currently all trustees are also directors of the company limited by guarantee.
Trustees meet regularly to make management and policy decisions.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have recently undertaken a risk review and are currently working closely with the accountants to ensure that the charity is well run and managed. The trustees are aware that systems and controls require updating and are pleased with the planned improvement to the organisation and management of the charity.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Kharis Ministries for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Page 3
KHARIS MINISTRIES
Report of the Trustees for the Period 1 June 2021 to 30 June 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-
there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Sigma Chartered Certified, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22 November 2023 and signed on the board's behalf by:
Mrs P Downes - Trustee
Page 4
Report of the Independent Auditors to the Members of Kharis Ministries
Opinion
We have audited the financial statements of Kharis Ministries (the 'charitable company') for the period ended 30 June 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 30 June 2022 and of its incoming resources and application of resources, including its income and expenditure, for the period then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.
Page 5
Report of the Independent Auditors to the Members of Kharis Ministries
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 6
Report of the Independent Auditors to the Members of Kharis Ministries
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant are those that relate to:
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Companies Act 2006;
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Accounting and Reporting by Charities: Statement of Recommended Practice;
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Financial Reporting Standard 102;
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Data protection laws (including UK General Data Protection Regulation (GDPR));
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Fundraising regulations for charities, and
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Bribery and corruption practices.
Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above.
We assessed the risks of material misstatement in respect of irregularities, including fraud by enquiry of:
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Management;
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Those charged with governance, and
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Others responsible for risk or compliance procedures
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 7
Report of the Independent Auditors to the Members of Kharis Ministries
Use of our report
This report is made solely to the charitable company'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 charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Muhammad Imran Ashraf (Senior Statutory Auditor) for and on behalf of Sigma Chartered Certified
Accountants & Registered Auditors Kelvin House Kelvin Way Crawley West Sussex R10 9WE
22 November 2023
Page 8
KHARIS MINISTRIES
Statement of Financial Activities for the Period 1 June 2021 to 30 June 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Ministry and evangelism Alleviation of poverty and distress Running costs Ashburnham Christian Trust Salvation Army Trinity Baptist Church Active Community Healing Jesus Crusade Full Circle Docklands Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Period 1.6.21 to 30.6.22 Unrestricted fund £ 2,195,798 1,187 2,196,985 707,023 1,530 127,976 43,000 12,501 10,000 3,990 2,000 70 908,090 1,288,895 1,434,645 2,723,540 |
Year ended 31.5.21 Total funds £ 1,170,795 422 |
|---|---|---|
| 1,171,217 | ||
| 716,331 - 101,708 - - - - - - |
||
| 818,039 | ||
| 353,178 1,081,467 |
||
| 1,434,645 |
The notes form part of these financial statements
Page 9
KHARIS MINISTRIES
Balance Sheet 30 June 2022
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
2022 Unrestricted fund £ 215,630 134,846 2,445,327 2,580,173 (72,263) 2,507,910 2,723,540 2,723,540 2,723,540 2,723,540 |
2021 Total funds £ 204,340 7,100 1,503,309 1,510,409 (280,104) 1,230,305 1,434,645 1,434,645 1,434,645 1,434,645 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 November 2023 and were signed on its behalf by:
Mrs P Downes - Trustee
The notes form part of these financial statements
Page 10
KHARIS MINISTRIES
Cash Flow Statement for the Period 1 June 2021 to 30 June 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Interest element of hire purchase or finance lease rental payments paid Tax paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities Capital repayments in year Net cash provided by/(used in) financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
Period 1.6.21 to 30.6.22 £ 1,275,267 - (251,269) 1,023,998 (83,167) 1,187 (81,980) - - 942,018 1,503,309 2,445,327 |
Year ended 31.5.21 £ 270,129 629 - 270,758 (115,432) 422 (115,010) (629) (629) 155,119 1,348,190 1,503,309 |
|---|---|---|
The notes form part of these financial statements
Page 11
KHARIS MINISTRIES
Notes to the Cash Flow Statement for the Period 1 June 2021 to 30 June 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest element of hire purchase and finance lease rental payments (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operations |
Period 1.6.21 to 30.6.22 £ 1,288,895 71,877 (1,187) - (127,746) 43,428 1,275,267 |
Year ended 31.5.21 £ 353,178 66,041 (422) (629) 10,371 (158,410) |
|---|---|---|
| 270,129 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Total |
At 1.6.21 £ 1,503,309 1,503,309 1,503,309 |
Cash flow £ 942,018 942,018 942,018 |
At 30.6.22 £ 2,445,327 |
|---|---|---|---|
| 2,445,327 | |||
| 2,445,327 |
The notes form part of these financial statements
Page 12
KHARIS MINISTRIES
Notes to the Financial Statements for the Period 1 June 2021 to 30 June 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 13
KHARIS MINISTRIES
Notes to the Financial Statements - continued for the Period 1 June 2021 to 30 June 2022
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
|||
|---|---|---|---|
| Donations 3. INVESTMENT INCOME Deposit account interest 4. CHARITABLE ACTIVITIES COSTS |
Period 1.6.21 to 30.6.22 £ 2,195,798 Period 1.6.21 to 30.6.22 £ 1,187 |
Year ended 31.5.21 £ 1,170,795 |
|
| Year ended 31.5.21 £ 422 |
|||
| Ministry and evangelism Alleviation of poverty and distress Running costs Ashburnham Christian Trust Salvation Army Trinity Baptist Church Active Community Healing Jesus Crusade Full Circle Docklands |
Direct Costs £ 427,465 - - 43,000 12,501 10,000 3,990 2,000 70 499,026 |
Grant funding of activities (see note 5) £ - 1,530 - - - - - - - 1,530 |
Support costs (see note 6) £ 279,558 - 127,976 - - - - - - 407,534 |
Totals £ 707,023 1,530 127,976 43,000 12,501 10,000 3,990 2,000 70 |
|---|---|---|---|---|
| 908,090 |
continued...
Page 14
KHARIS MINISTRIES
Notes to the Financial Statements - continued for the Period 1 June 2021 to 30 June 2022
5. GRANTS PAYABLE
| Alleviation of poverty and distress SUPPORT COSTS Management £ Ministry and evangelism 276,534 Running costs 106,877 383,411 |
Period 1.6.21 to Year ended 30.6.22 31.5.21 £ £ 1,530 - Finance Totals £ £ 3,024 279,558 21,099 127,976 24,123 407,534 |
Period 1.6.21 to Year ended 30.6.22 31.5.21 £ £ 1,530 - Finance Totals £ £ 3,024 279,558 21,099 127,976 24,123 407,534 |
|---|---|---|
| 407,534 |
6. SUPPORT COSTS
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 1.6.21 | ||
| to | Year ended | |
| 30.6.22 | 31.5.21 | |
| £ | £ | |
| Depreciation - owned assets | 71,877 | 66,041 |
| Hire of plant and machinery | 3,840 | 3,226 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 June 2022 nor for the year ended 31 May 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 30 June 2022 nor for the year ended 31 May 2021.
Page 15
continued...
KHARIS MINISTRIES
Notes to the Financial Statements - continued for the Period 1 June 2021 to 30 June 2022
9. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
Period 1.6.21 to Year ended 30.6.22 31.5.21 £ £ 198,883 569,797 21,937 69,076 8,945 6,834 229,765 645,707 |
|
| 645,707 |
The average monthly number of employees during the period was as follows:
| Ministerial Ministerial support |
Period 1.6.21 to Year ended 30.6.22 31.5.21 2 2 3 3 5 5 |
|---|---|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| Period | |||
|---|---|---|---|
| 1.6.21 | |||
| to | Year ended | ||
| 30.6.22 | 31.5.21 | ||
| £480,001 | - £490,000 | - | 1 |
Page 16
continued...
KHARIS MINISTRIES
Notes to the Financial Statements - continued for the Period 1 June 2021 to 30 June 2022
10. TANGIBLE FIXED ASSETS
| COST At 1 June 2021 Additions At 30 June 2022 DEPRECIATION At 1 June 2021 Charge for year At 30 June 2022 NET BOOK VALUE At 30 June 2022 At 31 May 2021 11. DEBTORS Amounts falling due within one year: Loan Prepayments Soldo Amounts falling due after more than one year: Other debtors Aggregate amounts |
Plant and machinery £ 700,873 83,167 784,040 506,109 69,483 575,592 208,448 194,764 |
Fixtures and fittings £ 18,326 - 18,326 8,750 2,394 11,144 7,182 9,576 2022 £ 3,600 1,000 1,500 6,100 128,746 134,846 |
Totals £ 719,199 83,167 |
|---|---|---|---|
| 802,366 | |||
| 514,859 71,877 |
|||
| 586,736 | |||
| 215,630 | |||
| 204,340 | |||
| 2021 £ 3,600 1,000 1,500 |
|||
| 6,100 | |||
| 1,000 | |||
| 7,100 |
continued...
Page 17
KHARIS MINISTRIES
Notes to the Financial Statements - continued for the Period 1 June 2021 to 30 June 2022
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Gift Aid Social security and other taxes Other creditors Pension Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.6.21 £ 1,434,645 1,434,645 Incoming resources £ 2,196,985 2,196,985 At 1.6.20 £ 1,081,467 1,081,467 |
2022 £ - (3,010) 21,202 14,409 39,662 72,263 Net movement in funds £ 1,288,895 1,288,895 Resources expended £ (908,090) (908,090) Net movement in funds £ 353,178 353,178 |
2021 £ 251,269 (21,215) 22,876 12,312 14,862 280,104 At 30.6.22 £ 2,723,540 2,723,540 Movement in funds £ 1,288,895 1,288,895 At 31.5.21 £ 1,434,645 1,434,645 |
|---|---|---|---|
13. MOVEMENT IN FUNDS
continued...
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KHARIS MINISTRIES
Notes to the Financial Statements - continued for the Period 1 June 2021 to 30 June 2022
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 1,171,217 1,171,217 |
Resources expended £ (818,039) (818,039) |
Movement in funds £ 353,178 353,178 |
|---|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 30 June 2022.
Page 19
KHARIS MINISTRIES
Detailed Statement of Financial Activities for the Period 1 June 2021 to 30 June 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Ministry and evangelism Donations to other charities Grants to individuals Support costs Management Wages Social security Pensions Hire of plant and machinery Insurance Telephone Postage and stationery Sundries Travelling expenses Repairs and maintenance Accountancy fees Audit fees Information and communications technology Legal and professional fees Plant and machinery Carried forward |
Period 1.6.21 to 30.6.22 £ 2,195,798 1,187 2,196,985 427,465 71,561 1,530 500,556 198,883 21,937 8,945 3,840 6,231 11,041 1,077 504 1,308 6,334 25,000 10,000 3,917 12,517 69,483 381,017 |
Year en ded 31.5.21 £ 1,170,795 422 1,171,217 28,936 24,236 - 53,172 569,797 69,076 6,834 3,226 2,731 7,884 2,263 127 1,322 7,420 10,200 - 2,777 6,562 62,849 753,068 |
|---|---|---|
This page does not form part of the statutory financial statements
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KHARIS MINISTRIES
Detailed Statement of Financial Activities for the Period 1 June 2021 to 30 June 2022
| Management Brought forward Fixtures and fittings Finance Bank charges Hire purchase Total resources expended Net income |
Period 1.6.21 to 30.6.22 £ 381,017 2,394 383,411 24,123 - 24,123 908,090 1,288,895 |
Year en ded 31.5.21 £ 753,068 3,192 756,260 9,236 (629) 8,607 818,039 353,178 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 21