KICCTHE OPEN DOOR Report and Accounts year ended 30 June 2025
KICC THE OPEN DOOR LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 JUNE 2025 Directorsrrrustees Rev Adewunmi D'Almeida - Chair Rev Andrew Yawson Mr Olufemi Oguntunde - Secretary Dr Oyepeju S Raji Mr Winston A Burke Company Secretary Mr Olufeml Oguntunde Resident Pastor Dr Dipo Oluyomi Governlng Document Memorandum and Articles of Association dated 15 February 2011 Company Registration Number 07567220 Charity Registration Number 1142896 Registered Office Freelands Road Bromley 8R13AQ Bankers HSBC The Peak 333, Vaxhaull Bridge Road, Victoria London. SW1V 1EJ Independent Examiner Mr Olapeju Odesanya CONTENTS Page Company Information Truslees Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Accounts 10-13
KICC THE OPEN DOOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 The Trustees are pleased to present their report together with the independently examined Financial Statements for KICC The Open Door Charity for the year ended 30 June 2025. The Trustees confirm that the Annual Report and Financial Statements of the Charitable Company comply with the current statutory requirements, it is in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and the Charities Act 2011. It is also in accordance with the provisions of the Statement of Recommended Practice (SORP) applicable to Charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective January 2019). Structure, Governance and Management Legal Structure The Organisation is a charitable company limited by guarantee, incorporated on 16 March 2011 and registered as a Charity on 15 July 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £1. Recruitment and Appointment of Trustees The Directors of the company are also Charity Trustees for the purposes of charity law. All Trustees give their time freely and no Trustee received remuneration in the year. Details of Trustees, expenses and related party transactions are disclosed in note 12 to the financial statements. Under the requirements of the Memorandum and Articles of Association, the Trustees are elected to serve for a term of office for three years. Unless the Board proposes alternatives, the retiring Trustees shall be deemed to have been reappointed. Key Management Personnel & Volunteers The Trustees are ultimately responsible for directing and controlling the Charity. The more traditional corporate business, human resources and financial skills are well represented on the board. In addition, the Charity had two remunerated personnel in its employment during the year and a number of volunteers to support its operations. As part of the Christian ethos of "the Giving of Time and Talents" we are pleased that so many of our members volunteer to help in all the different areas of our community outreach programmes. Related parties and co-operation with other organisations A total of £56,467 (2024: £46,133) was paid to KICC Network in respect of tithes and sponsorship. Organisational Structure of the Charity A hierarchical reporting structure has been established which provides for a documented and auditable trail of accountability. These procedures are relevant across all operations and provide for successive levels of authority to be given at higher levels of management and finally to the Trustees.
KICC THE OPEN DOOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 ObJectlves and Actlvlties The Charity's Public Benefit Charitable Aims: The main purpose for which the Charity is established is the advancement of the Christian religion. The Trustees have had regard to the Charity Commission's Guidance on the Advancement of Religion for the Public Benefit in preparing the Trustees, Report and the following pages of the report show in some detail how this has been achieved. In summary, the Trustees are pleased to report our headline activities as follows: We provide and maintain the building for Christian church services at our premises in Bromley UK. • We raise awareness and understanding of the Christian faith by various means including various teachings and evangelism. As part of their pastoral remit our Ministers and Pastors look after the spiritual wellbeing of the members and adherents which includes the regular conduct of christenings and marriages. In seeking new followers or adherents - our Evangelism Team regularly go out to preach the Gospel in a variety of locations including streets and shopping centres. This missionary and outreach work includes welfare, visiting the sick and those in hospital. AII KICC The Open Door's activities are available to Christians and non-christians, members and non- members alike. there is no bar to attendance. The wider community have been particularly attracted to our services celebrating traditional Christian festivals including Easter and New-year's Eve (Watch- Night) services. Communlty Activitlesl Public Benefit Overvlew KICC The Open Door is a Church with very deep roots within its local community and welcomes all. At its very heart is the Christian mandate to demonstrate the love of our Lord Jesus Christ through our commission to meet the total needs of the total person - spirit, soul and body ~ at every age level. This underpins the wide range of voluntary services offered to the community. Over the last year, some of our community-based initiatives included the following.
KICC THE OPEN DOOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Community Outreach In being a blessing to the community, the Church continued the initiative for the elderly in the community. We also continued with the once-a-month Hymns, Cake and Tea for people aged 65+ to attend Hymns Cake & Tea sessions and learn about hymns together with the story behind the hymns, sing some of the hymns whilst fellowshipping with one another, This event takes place every last Tuesday of the month. This initiative has grown and an increased number of people from the community continued to participate. During the year from July 2024 to June 2025, the Church visited care homes in Crystal Palace and Catford areas. The visits were once a month to each home on a Saturday afternoon. Residents have reported that they find that the visits help them stay connected to their faith because some don't go out and haven't been to a Church since they started living there. Some have welcomed the opportunity to have prayers said and for words of encouragement when they have needed it. Some ask for the Bible to be read with them and some others like the opportunity to discuss issues of faith with the team members. Evangelism The ETeam has been going into all areas around Southeast following the great commission and in line with the ethos of the church to 'Grow Big,. There are several initiatives of winning souls into the Kingdom. We continued with the initiative that was introduced last year for different departments within KTOD to take the lead on different Saturdays and for all members of the church wearing the same-coloured top so we can be easily recognised. The team also introduced "Healing Hands" which is an initiative that happen once a quarter and involves the team praying for the sick who consent to be prayed for in our branded kiosk. Christmas Hampers There was the annual Christmas Hampers distribution in December 2024 from the Church's premises where Church members assembled the hampers. About 120 hampers were distributed in 2024. The target was families whose Christmas would be made better through receiving a Christmas Hamper. Vouchers were sent to the organisations for distribution to those families who then collected a free Christmas Hamper from the Church on the appointed Saturday before Christmas. The hampers were bespoke in accordance with identified needs and freshly packed on the day. They were described as generous by recipients. The highlight was seeing people's faces light up when they saw the content of their Hamper. It was also an opportunity to chat to local people, tell them about our Church and invite them to our Sunday services. The Hampers were also distributed to all of the Care Homes and members sang Christmas Carols to the Residents and staff whilst some relatives who were visiting also joined in. Pre-marital and Marital Counselling Biblically based advice and solutions were offered to members on an appointment basis. The attendees were made to understand that all counselling given was in consonance at the ministry's behest and biblical adherence.
KICC THE OPEN DOOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Youth Programmes a) KTOD Royals The Royals have been making great progress and using various social media platforms to reach young adults from ages 18-35. These meetings focused on reaching and engaging the youth in our communities, particularly those in London, to present them with a more purposeful approach to life. They had regular face to face meetings with huge successes, there were several annual programs such as 'meet the pastors,, special guests and Royal takeover. b) King's Kids Ministry This is the Children Church arm of the Church. The King's kid services are split into Ages 1- 4, on Sundays at 10am Ages 5-10, on Sundays at 10am Preteens (ages 11-13) on Tuesday at 8pm (Virtual) There were teachings on various topics such as fear of God, trust in God, a clean heart for God and evangelism. Notable Achievement During The Year The Church continued to renovate and modernise its building on Freelands Road. Statement of the Board of Trustees, Responsibilities The Board of Trustees (who are also directors of the Charity for the purposes of company law) are responsible for preparing the Board of Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires The Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and the group and of the incoming resources and application of resources, including the income and expenditure of the charitable group for that period. In preparing these financial statements, the Board of Trustees, Members are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the Charities Statement of Recommended Practice. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departure disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and the Charity will continue in operation.
KICC THE OPEN DOOR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Trustees and Directors The Trustees, who are also directors for the purposes of company law, who served during the year are shown below: 1. Rev Adewunmi D'Almeida- Chair 2. Rev. Andrew Yawson 3. Mr Olufemi Oguntunde - Secretary 4. Dr Oyepeju Raji 5. Mr Winston Burke Financial Review Please refer to the annexed account for the details of the Financial Statements for the year ended 30 June 2025 Approval This report was approved by the Directors on and signed on their behalf by: OLUFEMI OGUNTUNDE
Korage. Limited (Business Systems & Management Consultancy) Independent Examiner's Report to the Trustees of "KTCC The Open Door" I report on the accounts of the Charity for the year ended 30 June 2025, which are set out on pages 06 to 11. Respective responsibilities of h'iistees and alI/ler The charity's directors are responsible for the preparation of the accounts. The charity's directors consider that an audit is not required for this year under section 476 of the Charities Act 2006 (the 2006 Act)) and that an independent examination is needed. It is my responsibility to: examine the accounts (under section145 of Charities Act 2011; to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention. Basis of iiidependeiit exaniiiiei"'s I"epoit My examination was carried out 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 consideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors concE!rning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the view given by the accounts. Iiidpelideiit oraiiiiner's statenicjiit 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 ofthe 2006 Act; and to prepare accounts which accord with the accounting records and comply with t he accounting requirements of sections 394 and 395 of the 2006 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Olabisi Odesanya ACMA ot&o3e*rty6 VAT No 887 5295 59 Registered In England No 04273356 Registered Address: 15 Fetty Place Maidenhead .816 2TJ
KICC THE OPEN DOOR statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2025 Summary Income and Expenditure Account Unrestricted Restricted Funds Funds Total Funds 2025 Total Funds 2024 Note INCOMING RESOURCES Income and endowments from.. Donations and legacies Charitable activities Other 562,127 18,141 24,741 586,868 18,141 586,467 1,090 Total Incoming Resour5 580,268 24,741 605,009 587,557 RESOURCES EXPENDED ON: Charitable activities Other 477,735 43,302 521,037 675,383 Total Resources Expended 477,735 43,302 521,037 675,383 Net incomel(expenditure) before transfers 102,533 (18,561) 83,971 {87,826) Transfer between funds during the year Total funds brought forward at 1 July 2024 (18,561) 1,548,360 18,561 1.548,360 1,635,758 Total funds carried forward at 30 June 2025 1,632,332 1,632,332 1,547,932 Movements on reserves and all recognised gains and losses are shown above. The notes on pages 10 -13 form part of these accounts.
KICC THE OPEN DOOR BALANCE SHEET AS AT 30 JUNE 2025 Note Unrestricted Restricted Funds Funds Total 2025 Total 2024 FIXED ASSETS Tangible assets 2,496,000 2,496,000 2,496,000 2,576,083 2,496,000 2,576,083 CURRENT ASSETS Debtors Cash at bank 106,907 106,907 106,907 106,907 34,893 34,893 CURRENT LIABILITIES Creditors: amounts falling due within one year Net Current Assets l (Liabilities) 83,541 83,541 144,890 23,367 23,367 (109,998) TOTAL ASSETS LESS CURRENT LIABILITIES 2,519,367 2,519,367 2,466,085 Creditors: amounts falling due after more than one year 10 887,035 887,035 917,724 NET ASSETS 1,632,332 1,632,332 1,548,360 FUND BALANCES Unrestricted funds Restricted Funds 11 11 1,632,332 1,632,332 1,548,360 1,632,332 1,632,332 1,548,360 For the year ended 30 June 2025, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Responsibilities of directorsrtruste8S." The members have not required the charitable company to obtain an audit of tss accounts for the year in question in accordance with Section 476 of the Companies Act- however, in accordance with Section 145 of the Gharities 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 $5 by: OLUFEMI OGUNTUNDE The notes on pages 10 -13 form part of these accounts.
KICC THE OPEN DOOR Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2025 1 Accounting Policies The accounls have been prepared under Ihe historic cost convention, in accordance with applicable a} Donated and rant income: Donated income and grants receivable are taken into account when received by the charity. Income b) Other income and ex enditure: Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, 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 de reciation: 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 rates are as follows: Buildings Motor vehicles Furniture and Offi equipment e) Taxation The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts. 40/0 Straight Line 250/0 reducing balance 250/0 Straight line 2 Donations and legacies Unrestricted Restricled Funds Funds Total 2025 Total 2024 Tithes and offerings Gift Aid Grant Income Ezra Building Project Christmas Hampers 462,769 99,359 462.769 99,359 457,612 101,173 21,426 3,315 24,741 21,426 3,315 586,868 23,752 3,930 586,467 562,127 10
KICC THE OPEN DOOR Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2025 3 Charitable activities income Unrestricted Restricted Funds Funds Total 2025 Total 2024 Interest receivable Other Income 341 750 18,141 341 750 18,141 1,089 1,090 4 Charitable activities Costs 2025 2024 Direct Charitable Costs Church Running Costs Special Evenls Evangelism and welfare Vehicle costs Christmas Hampers 53,775 19,317 2,699 10,660 53.775 19,317 2,699 10,660 2,972 98,294 50,811 10,738 2,686 12,760 4,010 87,909 2,972 2,972 95,322 b Support and Administration Staff costs Property and facilities costs Printing & postage Bank fees Loan interest Sundry costs Affiliation costs Depreciation 96,138 88,743 47 2,410 57,322 86 56,467 80,083 382,413 477,735 96,138 129,073 47 2,410 57,322 86 56,467 80,083 422,743 521,037 102,908 292,224 91 3,607 59,462 50 46,133 80,681 587,474 675,383 40,330 40,330 43,302 Combined charitable activity cost 5 Staff & Trustees At 30 June 2025, the charity employed 2 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.
KICC THE OPEN DOOR Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2025 6 Tangible Fixed Assets Freehold Land Freehold Buildings Furniture, Fixtures & Equipment Motor Vehicles Total Cost At 1 July 2024 Additions Disposals At 30 June 2025 1,000,000 1,700,000 102,200 76,944 2,879,144 1,000.000 1,700,000 102,200 76.944 2,879,144 Accumulated Depreciation At 1 July 2024 Charge for the year Disposals At 30 June 2025 136,000 68,000 102,200 64,862 12,083 303,061 80,083 204,000 102,200 76,944 383,144 Net book value At 1 July 2024 At 30 June 2025 1,000,000 1,564.000 1,000,000 1,496.000 12,083 2.576,083 2.496,000 2025 2024 7 Debtors and Prepayments Debtors Prepayments 8 Cash at Bank and in Hand Bank operating accounls 106,907 106,907 33,490 33,490 9 Creditors: amounts falling due within one year Other creditors 83,541 83,541 143,488 143,488 10 Creditors: amounts falling due after more than one year Long Term Loan 887,035 887,035 917,724 917,724 12
KICC THE OPEN DOOR Notes to the Accounts FOR THE YEAR ENDED 30 JUNE 2025 11 Movement between Funds Opening balance Incoming resources Outgoing resources Transfers in the year Closing balance Unrestricted funds 1,548,360 580,268 (477,735) (18,561) 1,632,332 The restricted funds represent amounts reiVed for specific purposes and the movements in the year are as follows: Opening balance Incoming resources Outgoing resources Transfers in the year Closing balance Ezra Building Project Christmas Hampers 21,426 3,315 (40,330) (2,972) 18,904 (343) 24,741 (43,302) 18,561 The assets and liabilities represented by the various funds are as follows: Fixed assets Bank & cash Other net balances assets Total Restricted funds Unrestricted funds 2,496,000 106.907 (970,575) 1,632,332 2,496,000 106,g07 (970,575) 1.632,332 12 Related Party Transactions a) There are no reportable disclosures in respecl of the Trustees, interests. b) During the year, payments totalling £56.467 (2024: £46,133) were made to KICC Network for tithes and sponsorships. 13