KINGDOM FAMILY CHURCH INTERNATIONAL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] MARCH 2022
CHARITY NUMBER: 1143716
KINGDOM FAMILY CHURCH INTERNATIONAL 3 RIDGEWOOD AVENUE MANCHESTER M40 8GF
INDEX Page Index 1 Trustee’s Report 2 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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KINGDOM FAMILY CHURCH INTERNATIONAL
TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2022
The trustees are pleased to present their report for the year ended 31[st] March 2022 for the charity,Kingdom Family Church International with charity number 1143716.
The Trustees of the charity are: Daniel Sefa, Frank Peseu, Rev Bright Brobbey, Augustina Brobbey Victoria Oteng,
The principal address of the charity is : 3 Ridgewood Avenue Manchester
M40 8GF
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Trust Deed registered 8[th] September 2011.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold weekly Christian services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community.
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FINANCIAL REVIEW
The income of the charity is above £29,000. This is a fair amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and expenses for running its church services.
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RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 6[th] April 2023 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
KINGDOM FAMILY CHURCH INTERNATIONAL
I report on the accounts of the church for the year ended 31[ST] March 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
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 church 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 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.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply
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with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka Bsc(Man) FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road MITCHAM Surrey
CR4 3FH 4
KINGDOM FAMILY CHURCH INTERNATIONAL
ACCOUNTS FOR THE YEAR ENDED 31st March 2022
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Tithes and Offerings Total Receipts Direct Charitable Expenditure Admin Stationary Rent of building Media services Travel Transport Refreshments Welfare Supplies Benevolent giving Subscriptions Church events Telephone Professional services Mission Insurance Other Expenditure Equipment Furniture Accountant Repairs Total Payments Net Receipts/(Payments) Cash Funds brought forward Less loans Cash Funds at the end |
£/2022 £/ 2021 29382 21233 _ _ 29382 21233 _ _ 0 188 0 287 2620 1798 1684 0 150 349 3736 300 509 875 2531 1913 795 100 33 0 159 0 1962 210 485 713 1300 0 6165 1209 1013 314 23142 8256 2240 0 0 0 180 200 0 0 |
|---|---|
| 2420 200 25562 8456 3820 12777 8444 3637 -7970 12264 8444 _ _ |
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KINGDOM FAMILY CHURCH INTERNATIONAL
2 Statements of Assets and Liabilities at 31st March 2022
| Cash Funds Bank Total Cash Funds Assets Retained for the Charity's Own use Fixtures & fittings Musical Instruments Equipments Loan Liabilities Accounting fee NET ASSETS |
£/2022 £ 12264 __ 12264 |
Unrestricted Funds £/2021 £ 8444 _ 8444 _ 78 162 1020 7970 ___ 9230 180 17494 |
|---|---|---|
| ___ 62 130 2608 0 |
||
| ___ 2800 180 |
||
| 14884 |
Approved by the Trustees and signed on their behalf:
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KINGDOM FAMILY CHURCH INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR YEAR ENDED 31st March 2022
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
The church had no employees during the accounting year. All the work of the organisation was undertaken by volunteers during the financila year.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Depreciation
Depreciation is calculated at 20% reducing balance method
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