KICC NATIONAL FORUM . UK TRUSTEES, REPORT AND ACCOUNT8 YEAR ENDED 31ST OCTOBER 2024 COMPANY REOISTRATION NO: 074007231 England •nd Walu CHARITY REGISTRATION NO: 1139911
KICC NATIONAL FORUM . UK FINANCIAL STATEMEKrs YEAR ENDED 31ST OCTOBER 2024 CONTENT8 PAGE LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE TRUSTEES 24 INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES STATEME OF FINANCIAL POSITION NOTES TO THE FINANCIAL STATEMENTS &9 DETAILED STATEMENT OF FINANCIAL ACTIVITIES 10
KICC NATIONAL FORUM - UK LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST OCTOBER 2024 CHARITY REGISTRATION NUMBER.. 1139911 COMPANY REGISTRATION NUMBER: 07400723 REGISTERED OFFICE.. KICC Prayer City Buckmoro Park M8idslon8 Road Chatham Kont ME5 gaG TRUSTEES.. O, Oluyèml C. El8gbedo O Ashlmolowo K. D&nnl8 A. D'Almeld• A. Yaw6on J. McGla8han A, Odunsi Y. Ashlmolowo E. nmaY8 J. Ogundayo T. Shllllngford O. Oluyoml INDEPENDENT EXAMINER Allen Robyn and A860clal&8 Ltd Chartered Certlfled Accountants 387 Caledonlan Road London N7 9DQ
KICC NATIONAL FORUM - UK REPORT OF THE TRUSTEES YEAR ENDED 31ST OCTOBER 2024 The trustses who are also directors of the Charily for the purpose of the Companies Act 2006, present thelr report with the financial statement8 of the charity for the year ended 31st October 2024. The Trusle&s have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Pracli¢e applicable lo chartties preparing thelr accounts in accordanc8 wtth the Fin8nclal Reportlng Standard appllcable in the UK and Republic of Ireland FRS102 effe1ve from 1 January 2019. REFERENCE AND ADMINISTRATIVE DEfAILS R89ist6red Charity number-. 1139911 Registered Company number .' 074C4J723 Rfrg18tsred addro88 KICC Prayer CY Buckmor8 Park Maidston& Road Chatham Kent ME5 9QG Tru8te08 O. Oluyemi C. El8gbede O A8himolowo K. Denni8 A. EYAlmeld8 A. Yaw8on J. McGlashan A. Odun81 Y. A8himolowo E. Dunmoy6 J. Ogundayo T. Shlllingford O. Oluyoml Gov•rnlng documont Thg organlsation 58 a chorltable company, Ilmlted by guarantee, It was Incorporated on the 81h October 2010 8fKI registered as 8 Charlty on the 19th January 2011. Th9 company was establlshed under a Memorandum of Association which wa8 8Stabll$hed the objects and powers of the charitable company and is govemed under Its Arttcle of Associ8tion. R•¢rultment and appolntmgnt of new tru8te89 The directors of the company are also charlty truste for the purpose of chartty law. The Board compr18es "Functlonal Trustees" and "Appolnted Trustees. and the Memorandum and Articles Identifies their period of olectlon and the planned programme of rolling retiramant. At every AGM one thlrd of the Trustees musl retire from offlce, they may offor themselves for re-8ppointmont at the AGM. Th8 more traditional business, lagal and financlal skills are w811 repre88nled on board. Organlsatlonal 8tru¢tur• A hierarchical reporting structure has bean establlshed which provides for a documented and auditable trail ol accountability. These procedures are relevant across all operations and provide for successive levels of authority to be given at hlgher levels of management and finally to the Trust88s.
KICC NATIONAL FORUM . UK REPORT OF THE TRUSTEES YEAR ENDED 31ST OCTOBER 2024 Rlsk managgmont The Boerd of Truste85 is ultlmately responsible for the system of intemal control and for reviewing its offectiveness. However, such a system is d8slgned to manage r8th8r than 81iminale the rl8k of falluro to achieve business objectives, and can only provide reasonable and not ab8olute assuran¢0 against material misstatement of loss. The Board h88 revièwed the effecliven888 of the system of intefflal control. In particular, It has reviewed and updated tha process for identifying and evaluating the major risks affecting the busin888 and the pollcles ar prorAure3 by which thés8 risks are managed. OBJECTIVES AND ACTIVITIES Objectlvo8 and Almg The Charltys Objects are, for the benefit of Ihe publlc'.- 11 The advanc8m8nt of the ChT18tian r8liglon; 21 To promote the efficiency and effectlvene88 of other ¢harilies who88 objects are similar lo th088 of the Charity; and 31 The fvrtheranc& of the charitable work of the Charlty by Ihe advaneém8nt of such other charSlable purposes a8 the Trustees shall frorn time to lime decide. Slgnlfl¢ant actlvltl•• Durlng the year the Charlly h86 been compllant In the executlon of Its publlc beneflt rasponslbllltle6 by 8UPPOrting ils Network of Chur¢heB In the UK as place8 where people are free lo enter for 8pirSlual wor8hlp and engage In a number of so¢i91 function•. In the planning of actSvllle8 for the year, and having glven due con8lderallon lo the Charlty Commi88ion'8 guldance on public b8nefil, and the specific guSdan¢e on charities for the advanaemenl of rellglon In p8rticulaT, the Charily has been commilled in 118 effort8 of $upportlng118 Neork of Churches in general and In provSding tralnlng for Pastors, Minl8ter8 8nd Le8der$ in Minlstry on both Pa8toral and Governanco matlgrs. FINANCIAL REVIEW Reserv polley The Trust888 alm to retain sufficient free reserves equlvalent to a minimum of £12,000. These reserv98 ar8 hèld in ca88 of any sudden deGlin8 In Inwme and to ensure that we can meet our commltments to providing our services and activities. Spe¢lfi¢ally, these rommrtmenls Include our contra¢lual obligations In relation lo our support and outreach work. Rg8erv88 are commltted for the followlng purposes: . - Contingency for planned repairs I refurblshments of our church buildings Land and Property acyJui8ilion Leadership Development and Training Evangelism and outreach The Trustee8 have implemented robust budgetary controls and conllnue to monitor cos16 In an effort to continue to deliver a balanced budget year on year. Income - the total income for the e1ve month8 undèr révlew was £109,81212023. £69,256). Expenditure - total expenditure in the year was £111,13512023'. £224,115), The Charity recorded an operallng defi¢lt for the year of £(1,323112023.' £154,802) ,' and CaTries forward funds of £30,753 { 2023.. £32,076). During the year the Trustee8 wnlinued lo place emphasis on financial management to 8nsure that the funds within the organis8tion are properly managed.
4
KICC NATIONAL FORUM - UK
REPORT OF THE TRUSTEES YEAR ENDED 31ST OCTOBER 2024
STATEMENT OF TRUSTEE RESPONSIBILITIES
The trustees 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).
Company law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent,
-
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 which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the Board of Trustees on WT. rady 2028, and signed:
ON BEHALF OF THE BOARD:
----- Start of picture text -----
(rae—$
----- End of picture text -----
Dr. Oladipo Oluyomi - Director/Trustee
5
REPORT OF THE INDEPENDENT EXAMINER KICC NATIONAL FORUM - UK YEAR ENDED 31ST OCTOBER 2024
I report on the accounts for the year ended 31st October 2024 set out on pages six to ten.
Respective responsibilities of trustees and examiner
The Charity's Trustees (who are also the Directors for the purposes of Company Law) 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiners report
My 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 matter. 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 statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accountings requirement of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached.
Rolston Allen (FCCA)
Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ Date: 23/05/2025
KICC NATIONAL FORUM - UK STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST OCTOBER 2024 Unrestrlctsd 2024 INCOMING RESOURCES In¢omlng rnsour¢es from g•nerntod funds Donation8 and rfher income 2023 2&3 RESOURCES EXPENDED Char6tsble Activit188 Support Costs Gov8mance Costs 109,995 420 223,085 393 TOTAL RESOURCES EXPENDED NET INCOMEIEXPENDITURE FOR THE YEAR 11,3231 {154,8021 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD None of the charity's 8Ctlvitles were gquired or dl8contlnued durlng the year and thare were no recognlsed gain8 and losses for 2024 or 2023 other th8n tho89 Included In the 81alemgnt of financial actlvRle$. The note8 on pages 8 to 10 fomi part of the88 8ccount8.
7
KICC NATIONAL FORUM - UK STATEMENT OF FINANCIAL POSITION YEAR ENDED 31ST OCTOBER 2024
| Unrestricted | |||
|---|---|---|---|
| Notes | 2024 | 2023 | |
| CURRENTASSETS | |||
| Cash at bank and in hand | 31,473 | 32,676 | |
| CREDITORS: due within one year | 6 | (720) | (600) |
| Net Current Assets | £30,753 | £32,076 | |
| TOTALASSETS LESSCURRENT LIABILITIES | £30,753 | £32,078 | |
| FUNDS: | 2024 | 2023 | |
| UnrestrictedFunds | 7 | £30,753 | £32,076 |
The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st October 2024.
The members have not required the charitable company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The Directors/trustees acknowledge their responsibilities for:
complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
ZS
----- Start of picture text -----
The financial statements were approved by the Board of Trustees on 17dy 2 Sa were
signed (),ehalf by: —
----- End of picture text -----
Dr. Oladipo Oluyomi - Director/Trustee
The notes on pages 8 to 10 form part of these accounts.
KICC NATIONAL FORUM - UK NOTES TO THE ACCOUNTS YEAR ENDED 31ST OCTOBER 2024 1. ACCOUNTING POLICIES Ba818 of preparing the financlal statements The financial slalements have been prepared In ac¢ordanc8 With Accountlng and Reportlng by Charllle8: Statement of Recommended Practlce appllcable to chariti88 préparlng Ihelr accounts In arcordance with Ihe Financial Reporting Standard appllcabl8 in the UK and Republi¢ of Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP (FRS 10211, the Financial Reportlng Stsndard applicable in thè UK and Republlc of lffjland (FRS 102). Thay al80 comply wlth th? Companles Act 2006 and Charities Act 2011. The KICC Natlonal Forum- UK m$e18 the deflnltlon of a publSc b&n&flt entity under FRS 102. In¢omlng rn8ourco8 All incomin9 resources are includèd on the Slat•m•nt of Financlal Actlvlt108 when the charfty Is leg81Sy entitled lo the Income and the amount can be quantifigd w6th roa8on&ble acojracy. Donations and other incomlng resourcés- In¢om• from lithe8 of the neOrk churches In tho forum when the88 are recelvabl?. Re¥ource8 expended Expenditure is 8Gcounted for on an accruals basis and has beon classifled under headings that aggregate 811 co81 related to th6 category. Where costs cannot b8 dlreclty attributed to Particular headings they have been allocated to 8Ctivllies on 8 basis consi818nt with the use of resources. Charitable activllle8 Costs of charitable actlvltie8 are th088 costs relatlng to the adlvllle8 carfled out lo meet the oblectlve8 of th8 Church. The88 Include both dlrectly attrfbutabl8 costs and apportiorwl support co8t8. Gov•mance costs Governance costs ara the ¢08ts assodatad wlth the strateglc dlrection of the organ188tion and with meetlng rogulatory r88ponslbilitieg Including apportloned support en8t. Taxatlon Thè ch8rlty Is exempt from corporatlon tax on It8 charltabl& actlvltle8. Fund A¢counllng Unrestrlcted funds can be used in accordance wllh the ¢harit8bl8 objectives at the dlscrelion of Ihe trustees. Restricted funds can only be used for porticular re8tricled purposes wrthin the objects of the charity. Re8triction8 arlBe when specified by the donor or when funds ara raised for partiojlar r86tricted purpose3. Further explanatlon of the nature and purpose of each fund Is Induded in the notes to the financlal Jtatements.
9
KICC NATIONAL FORUM - UK NOTES TO THE ACCOUNTS YEAR ENDED 31ST OCTOBER 2024
| 2.VOLULTARY INCOME | 2024 | 2023 |
|---|---|---|
| Donations and other income | £109,812 | £69,256 |
| 3. OTHER INCOME | 2024 | 2023 |
| Other Income | = | 2 |
| 4,ANALYSIS OF CHRISTIAN MINISTRYEXPENSE | 2024 | 2023 |
| Grants - Praise Tabernacle | 80,000 | - |
| Grant - Musical Equipment - Luton | 8,050 | - |
| Administrative expense | 351 | - |
| Grants - Milton Keynes | - | 15,000 |
| Grants - South Africa Building Purchase | - | 171,808 |
| Grants - Zimbabwe - Post Covid Financial Support | - | 20,000 |
| Grants - Relocation expenses | 10,613 | 9,305 |
| Donations - Tithes KICC Central | 10,981 | 6,952 |
| £109,995 | £223,065 | |
| 5. GRANTTO SOUTH AFRICA BUILDING PURCHASE | ||
| Fund from KICC Central Church | - | 225,465 |
| Grants KICC National Forum - UK | : | 171,808 |
| : | £397,273 |
6. TRUSTEES REMUNERATION AND BENEFITS
Trustees' expenses
There are no paid staff. All tasks are carried out by Trustees who are not remunerated and do not receive any expenses or benefits for their activities.
| 6. | CREDITORS : Amounts falling due afterone year |
2024 | 2023 | |
|---|---|---|---|---|
| Other Creditors | £720 | £600 | ||
| 7.MOVEMENTS | MOVEMENTS IN FUNDS | Incoming Resources Resources Expended |
Movement in Funds |
|
| Unrestricted Funds | ||||
| General Fund | £109,812 | £111,135 | (£1,323) | |
| 2024 | 2023 | |||
| General fund forthe year General fund broughtforward |
(1,323) 32,076 |
(£154,802) £186,878 |
||
| Totalfunds | £30,753 | £32,076 |
10 KICC NATIONAL FORUM - UK INCOME AND EXPENDITURE YEAR ENDED 318T OCTOBER 2024 Incomlng Ro8ourca•: Voluntsry In¢omo: Donatlons arKI other incom Totsl Incomlng rè8ourc8 10 RESOURCE8 EXPENDED: Ch•rltable adlvltl•8: Christlan Mlnbtry 109,995 223,065 8UPPORT COSTS: MANAGEMENT Bank charg88 420 450 GOVERNANCE C08T8 Examlner fees Total ro•OU0 Oxponded Not oxp•ndlturo