KICC THE OPEN DOOR Report and Accounts
J & E Pri
year ended 30 June 2021
KICC THE OPEN DOOR LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 JUNE 2021
Directors/Trustees
Mrs Adewunmi D'Almeida - Chair Rev Andrew Yawson Mr Olufemi Oguntunde - Secretary
Company Secretary
Mr Olufemi Oguntunde
Resident Pastor
Dr Dipo Oluyomi
Governing Document
Memorandum and Articles of Association dated 15 February 2011
Company Registration Number Charity Registration Number
07567220
01142896
Registered Office
Lombard Business Park 8 Lombard Road Wimbledon, London SW19 3TZ
Bankers
HSBC The Peak 333, Vaxhaul Bridge Road, Victoria London. SW1V 1EJ
Independent Examiner
Mr Olapeju Odesanya
CONTENTS
| Page | |
|---|---|
| Company Information | 1 |
| Trustees Report | 2-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-11 |
1
KICC THE OPEN DOOR
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2021
The Directors have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The Charity's objects are set out in its Memorandum of Association. The principal aims and objects of the Church are, for the benefit of the public;
a) the advancement of the Christian religion, and
b) the furtherance of the charitable work of the Church by advancement of such other charitable purposes as the Trustees shall from time to time decide.
KICC The Open Door is committed to enabling as many people as possible to worship at our church and to become part of their local congregation.
Structure, Governance and Management
The Directors of the Charity are its Trustees, for the purpose of charity law, and throughout this report are collectively referred to as the Trustees. There is no requirement for Trustees' "retirement by rotation". The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor activities of the Charity. All Trustees give their time to the Charity freely and no Trustee received remuneration in the year.
The Charity operates as an organisation associated with KICC Network of Churches. Although KICC The Open Door is capable of operating independently, it has willingly subordinated itself in doctrine and certain other matters to the constitution of KICC Network of Churches, in so far as it does not bring it into conflict with the relevant laws.
The Trustees have thoroughly reviewed all of the foreseeable risks of the Charity, including liability for their own acts of failures to act, risks associated with the use of rented properties, church activities as well as financial and operational risks. The Trustees have, for risks that are identified, and for which there is no insurance cover, attempted to mitigate them by appropriate action and the oversight of competent personnel. The Trustees recognise that the risks the Charity faces can change. Therefore, the Trustees are committed to evaluating programs and activities of the Charity on an ongoing basis and to implement practices to cover or mitigate those risks. As part of this, a Safeguarding policy has been prepared in relation to children and vulnerable adults and is reviewed and updated as necessary.
In order to achieve the above, the Charity has employed 3 staff with responsibilities for day-to-day administration, volunteer co-ordination and pastoral care. They are assisted by church members who volunteer their time to the Charity.
2
KICC THE OPEN DOOR REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2021
Review of Activities
Church meetings
The Church holds weekly church services at the Open Door Community Centre in Southfields, near Wimbledon. We hold two worship services every Sunday. Our Sunday services are not just an occasion for regular connection but, through our worship together, we look for people to be formed into the ‘likeness of Christ’. Despite the challenges we faced as a result of Covid-19 restrictions and lockdown, we resumed our regular services in September 2020 and still maintained live online streaming of our Sunday services throughout the year. Our services are streamed live on various social media platforms, including YouTube, Facebook, Twitter and Instagram. Since March 2020, our children's services are now being conducted actually, in both our Sunday services, and virtually on Sunday afternoons. All our midweek services are also held virtually, to provide a further opportunity for us to build relationships, study the Word and pray together. Our main midweek service is our Bible Study service held every Tuesday evening, followed by a TNT meeting on the same evening. Our young adults, who are branded "The Royals", meet on Wednesday evenings to empower young adults in their local areas and universities. We also hold small group meetings called Caring Heart Fellowships on Friday evenings, to provide attendees with a platform for interaction, study of the Word and prayer.
We also provide van shuttle services to our Sunday services. We have worked hard to make our premises and shuttle services COVID-secure during the coronavirus pandemic and we regularly assess risks to our attendees and the vulnerable, follow social distancing guidelines and provide personal protective equipment. We wrote off one of our vans in the year and, for now, we are using only one van for our shuttle services.
Our Pastor, Dipo Oluyomi, also continued to conduct regular free counselling services both virtually and in person. There has been a greater demand for our counselling services than in the previous years due to the global pandemic. Virtual counselling sessions have helped us to reach out to more people and offer our services to people who could not access our counselling sessions in person.
Other Outreach activities
The charity is successfully ministering to the needs of various social groups within and outside the church. In the year under review, we have provided various forums for empowering our members and our community in the areas of business, health and mental wellbeing and education, with the aim to equip people educationally, socially and spiritually. We are looking to further widen our reach in the coming months and years through additional broadcast, using direct outreach events and via the social media and our website. Although we have stopped our radio broadcast ‘Road Run’ for now, this decision will be reviewed in the future as part of our wider media strategy for a more effective global outreach.
We organised specific community outreach programmes with the aim of blessing the communities from which we operate. As austerity measures continue to impact households across the country financially, emotionally and socially, we have families in our region who are facing these difficulties and are looking to charities such as ours for support. We believe that the Christian gospel must be verbally declared and also practically demonstrated. We have responded to these needs, in as far as our resources allow us, by providing free counselling services every Monday and Friday available to all, visiting those facing challenges with their health to pray and support them, visits to Care Homes, assisting families with food hampers. In December 2020, we gave out Christmas Hampers to local residents in need as part of our outreach activities.
3
KICC THE OPEN DOOR
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2021
Trustees
The Trustees that served during the year were
-
Mrs Adewunmi D'Almeida - Chair
-
Rev. Andrew Yawson
-
Mr Olufemi Oguntunde - Secretary
Statement of Trustees' Responsibilities
Charity law requires us as Trustees to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.
-
Select suitable accounting policies and apply them consistently
-
Make judgements and estimates that are reasonable and prudent
-
State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.
-
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Trustees are updated regularly to them appraised of the changes in the law.
Financial Review
Please refer to the annexed account for the details of the Financial Statements for the year ended 30 June 2021
Approval
This report was approved by the Directors on ............. and signed on their behalf by:
OLUFEMI OGUNTUNDE
4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KICC THE OPEN DOOR
I have examined the accounts for the year ended 30 June 2021 on pages 7 to 12 following which have been prepared on the basis of the accounting policies set out on page 9.
Respective Responsibilities of Directors/Trustees and Examiner
The directors/trustees of the company are responsible for the preparation of accounts; they consider that the audit requirements under section 144 of the Charities Act 2011 do not apply but that an independent examination is needed. I have been appointed to conduct an Independent Examination required by section 145 of the Charities Act 2011 and to report in accordance with the regulations made under section 145 of that Act. It is my responsibility to examine the accounts, without performing an audit, and to report to the trustees.
Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
(1) examine the accounts under section 145 of the Charities Act 2011;
(2) follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011;
(3) state whether particular matters have come to my attention.
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination.
Basis of Examiner's Statement
This report is in respect of an examination carried out under section 145 of the Charities Act 2011, and in accordance with the general directions given by the Charity Commissioners. 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 a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Examiner's Statement
Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with section 386 of the Companies Act 2006, or that the accounts presented do not accord with those records, or comply with the accounting requirements of section 396 of the Companies Act 2006. No matter has come to my notice in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts.
Olapeju Odesanya ACMA, ACA Managing Consultant
VAT No: 887 5295 59 Registered in England No: 04273356 Registered Office: 15 Fetty Place, Maidenhead, SL6 2TJ Tel: 0162 852 5754
5
KICC THE OPEN DOOR
Statement of Financial Activities
FOR THE YEAR ENDED 30 JUNE 2021
Summary Income and Expenditure Account
| Note INCOMING RESOURCES Income and endowments from: Donations and legacies 2 Charitable activities 3 Other Total Incoming Resources RESOURCES EXPENDED ON: Charitable activities 4 Other Total Resources Expended Net income/(expenditure) before transfers Transfer between funds during the year 5 Total funds brought forward at 1 July 2019 Total funds caried forward at 30 June 2020 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2021 2020 £ £ £ £ 418,675 3,210 421,885 421,115 35 35 3,294 - - |
|---|---|
| 418,710 3,210 421,920 424,409 323,085 5,647 328,732 482,394 - - |
|
| 323,085 5,647 328,732 482,394 |
|
| 95,625 (2,437) 93,188 (57,985) (2,437) 2,437 - - 303,471 - 303,471 361,456 |
|
| 396,659 - 396,659 303,471 |
Movements on reserves and all recognised gains and losses are shown above.
The notes on pages 8 -11 form part of these accounts.
6
KICC THE OPEN DOOR
BALANCE SHEET
AS AT 30 JUNE 2021
| Note FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank 8 CURRENT LIABILITIES Creditors: amounts falling due within one year 9 Net Current Assets NET ASSETS FUND BALANCES Unrestricted funds 10 Restricted Funds 10 |
Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ 50,128 - 50,128 24,389 |
|---|---|
| 50,128 - 50,128 24,389 7,478 - 7,478 16,510 381,994 - 381,994 293,856 |
|
| 389,471 - 389,471 310,366 |
|
| 42,941 - 42,941 31,285 |
|
| 346,531 - 346,531 279,082 |
|
| 396,659 - 396,659 303,471 |
|
| 396,659 - 396,659 303,471 - - - - |
|
| 396,659 - 396,659 303,471 |
|
| ~~(1)~~ |
For the year ended 30 June 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
Responsibilities of directors/trustees:
-
a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.
-
b. 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 companies subject to the small companies regime.
Approved by the Directors and signed on their behalf on the by:
OLUFEMI OGUNTUNDE
Company number: 07567220
Charity number: 01142896
The notes on pages 8 -11 form part of these accounts.
7
KICC THE OPEN DOOR
Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2021
1 Accounting Policies
The accounts have been prepared under the historic cost convention, in accordance with applicable accounting standards and follow the Charity Statement of Recommended Practice: FRS 102. The following are the accounting policies which have been applied in dealing with material items:-
a) Donated and grant income:
Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.
b) Other income and expenditure:
Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless of when payment is made. Grants payable are taken into account at the earlier of when they are paid or become constructive obligations. Grants for the support of mission are accounted for on the basis of support that relates to the financial year.
c) Funds:
Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
d) Fixed assets and depreciation:
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £1,000 when they are written off on purchase.
Depreciation periods are as follows:
Motor vehicles 25% reducing balance Furniture and office equipment 25% straight line Fixtures and Fittings 20% straight line
e) Taxation
The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.
2 Donations and legacies
| Donations and legacies Tithes and offerings Gift Aid Christmas Hampers |
Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ 369,972 - 369,972 344,416 48,702 - 48,702 71,739 - 3,210 3,210 4,960 |
|---|---|
| 418,675 3,210 421,885 421,115 |
8
KICC THE OPEN DOOR
Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2021
3 Charitable activities income
| Bookstore Dinner of Winners Income Interest receivable Other Income 4 Charitable activities costs a Direct Charitable Costs Rents and rates Church Running Costs Special Events Dinner of Winners Expense Evangelism and welfare Bus shuttle service Loss on disposal of fixed assets Christmas Hampers Road Run radio ministry b Support and Administration Staff costs Property and facilities costs Printing & postage Bank fees Sundry costs Affiliation costs Depreciation Combined charitable activity cost |
Unrestricted Restricted Total Total Funds Funds 2021 2020 £ £ £ £ - - - 477 - - - 2,140 35 - 35 538 - - - 140 |
|---|---|
| 35 - 35 3,294 |
|
| 2021 2020 £ £ 36,103 36,103 39,832 39,306 39,306 38,568 1,500 1,500 65,618 - - 9,955 1,009 1,009 4,538 20,611 20,611 29,728 - - 1,439 5,647 5,647 7,040 - - 17,446 |
|
| 98,529 5,647 104,176 214,164 |
|
| 119,890 119,890 127,218 27,552 - 27,552 64,027 169 169 - 6,122 6,122 9,440 540 540 1,238 33,763 33,763 41,302 34,846 34,846 25,003 |
|
| 224,556 - 224,556 268,230 |
|
| 323,085 5,647 328,732 482,394 |
9
KICC THE OPEN DOOR
Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2021
5 Staff & Trustees
At 30 June 2021, the charity employed 3 staff. Its activities are generally carried out by volunteers.
No remuneration was paid to any Trustee during the year nor to any person connected to them.
6 Tangible Fixed Assets
| Fixtures & Fittings Furniture & Office Equipment Motor Vehicles Cost £ £ £ At 1 July 2020 75,047 24,755 18,759 Additions - 2,399 58,185 Disposals - - - At 30 June 2021 75,047 27,154 76,944 Accumulated Depreciation At 1 July 2020 60,037 24,755 9,380 Charge for the year 15,009 600 19,236 Disposals - - - At 30 June 2021 75,047 25,355 28,616 Net book value At 30 June 2021 - 1,799 48,329 At 1 July 2020 15,009 - 9,380 7 Debtors and Prepayments B223 Refundable deposits Prepayments Other debtors 8 Cash at Bank and in Hand Bank operating accounts 0 9 Creditors: liabilities falling due within one year Other creditors 0 |
Fixtures & Fittings Furniture & Office Equipment Motor Vehicles £ £ £ 75,047 24,755 18,759 - 2,399 58,185 - - - |
Total £ 118,560 60,584 - 179,145 91,827 34,845 - 126,672 52,473 26,734 2021 2020 £ £ 3,880 3,880 3,598 - - 12,630 |
|---|---|---|
| 75,047 27,154 76,944 |
||
| 60,037 24,755 9,380 15,009 600 19,236 - - - |
||
| 75,047 25,355 28,616 |
||
| - 1,799 48,329 |
||
| 15,009 - 9,380 |
||
| 7,478 16,510 |
||
| 381,994 293,856 |
||
| 381,994 293,856 |
||
| 42,941 31,285 |
||
| 42,941 31,285 |
10
KICC THE OPEN DOOR
Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2021
10 Movement between Funds
| Opening | Incoming | Outgoing | Transfers | Closing | |
|---|---|---|---|---|---|
| balance | resources | resources | in the year | balance | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | 303,471 | 418,710 |
(323,085) | (2,437) | 396,659 |
| The restricted funds represent amounts received for | specific purposes and the movements in | the year are | |||
| as follows: |
| follows: | |||||
|---|---|---|---|---|---|
| Opening | Incoming | Outgoing | Transfers | Closing | |
| balance | resources | resources | in the year | balance | |
| £ | £ | £ | £ | £ | |
| Christmas Hampers | - | 3,210 | (5,647) | 2,437 | - |
| - | 3,210 | (5,647) | 2,437 | - |
The assets and liabilities represented by the various funds are as follows:
| Restricted funds Unrestricted funds |
Fixed Bank & cash Other net Total assets balances assets - - - - 50,128 381,994 (35,463) 396,659 |
|---|---|
| 50,128 381,994 (35,463) 396,659 |
11