KPI MINISTRIES .r'•l'. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31xt DECEMBER 2022 CHARITY NUMBER: 1150635 COMPANY NUMBER: 08056915
INDEX Legal & AdmiDiStrnllve Details Truslees Report Independent Examiner'$ Report Statement of FinantlAI A¢livities B21anee Sheet Notes on the finaneial Statements
KPI MsTEs LEGAL & ADMINISTRATIVE , DETAILS YEAR ENDED 31 DECEIKBER 2022 ST ADDRESS FOR CORRESPOIYDENCE 22 HUGHES WALK CROYTX)N CRO 2TR 1150635 REGISTERED COMPANY NUMBER 08056915 GOVERNING DOCiJMENr MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 3 MAY 2012. TRUSTEESI DIRECTORS MR GEORGE YEBOAH MS AKUA SEFAAH MS YVONNE OWUSU. SEKYERE MR QUOPHt KWANING. BOAITEY PRCAL LLOYDS BANK PLC GEORGE STREET P.0. BOX 1000 BXI ILT NF FINANCIAL SOLUTIONS LTD CIO GOOD TO GIVE LTD SUITE7 FIFfH FLOOR WEST WORLD W5 IDT
KPI MINISTIUES TRUSTEES. REPORT YEAR ENDED 31" DECEMBER 2022 The trustees are pleased to present their report for the year ended 31" December 2022 for the charity, KPI Ministries with Charity Number 1150635 and Company Number 08056915. The TnL8tees of the charity are: MR GEORGE YEBOAH MS AKUA SEFAAH QUOPHI KWANING-BOAITEY YVONNE OWUSU.SEKYERE The principal address of the charity: 22 HUGHES WALK CROYDON SURREY CRO 2TR STRucfuRE, GOVERNANCE AND MANAGEMENT The Charity governing document is a Memorandum and Articles inCortated 3 May 2012 &8 amended by special resolution(s) dated I910112013 as registrred on Companies house on 2510112013. OBJECTIVLS AND ACTIVITIES The Objects of the organisation are to advance the Christian religion for the benefit of the public through the holding of prayer meetings, lectures? producing andlor distributing lifrrature on Christianity to enlighten others about the Christian faith. The trustees confinn that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the cliarity should undertake. ACHIEVEMENTS AIYD PERFORIKANCE The Organisation held successful meetings through the year in which individualswere equipped and educated on the principles and doctrines of the Christian faith. These meetings were very beneficial to members of the community and the church experienced numerical growth as a result of these ntings. The public continue to benefit from the edifying and improving efftct they receive from the worship Seice8,
FINANCIAL REVIEW The costs have been well managed over this period. The organisation is still in a 8ood position to manage its costs. The tnain costs of the organisation were salaries and paying for the hall that it uses as a place of worshlp, FUTURE DEVELOPMENTS The ¢hurch plans to Continue workin8 towards Securi a more buildin8 for use for its worship services and plans to continue to iEnefit the public with its services which has made a great SitiVe impxt in the community. RLSERVE POLICY It As the p)licy of the Charity to maintsin unrestricted fimds which are the re8erve$ of the charity at about 3 months of UDrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to nwintain this level throu8hout the year. RISK MANAGEME The charity Iw assessed all the major risks to which the cljarity ts exw)sed to, in particular those related kn opwations and finances of the charity and are satisfied that systems are in P to mitigate eXIN)su to major risks. TRUSTEE RL8PONSIBItJrILS Under the Charities Act 2011, the trustees are rv4uired to prepfire a statement of accounts for each accounting year which 8ives a true and fair view of the stth of the church. They att required to: l. Select suitable acCoting policies and apply them consistently. 2. Make jud8ements and estimates that are reasonable and prudenL 3. Stak whether the applicable accountin8 stsndarth have been follow 4. Prepor¢ financial slalements on an oll80in8 bfisis. They a rup)tisible for keeping proper records which disclose with re&8onable accuracy the finances of the chUh at any time and to ensure thai such accounts omply with the Charities Act 1993.They also have a responsibility to saf¢8uard the assets of the church and to tske reasonable steps to de*¢t fraud or other irre8ul8ritie& Approved by the Tnistees and on thelr behalf by:
KPI MINISTRIES (COMPANY LIMITED BY GUARANfEE) Independent Report to the Trustees i re on the accounts of the company for the year ended 31° Decemlxr 2022 Set out on the followin8 pages which have been prepared on the basi$ of the accountin8 policies shown in the corresponding pages. Respeth¢ reJw5ibilitleJ of trwtees and examiner The tsvstees (who are also directors of the company for the purposes of company law) of the church are rwnsible for the preparation of accounts.. the tnteeS consider that an alIt does not apply for this year under section 144(2) of the Charities Act 2011. Having satisfied that the charity Is not subject to audit undeT company law aDais eligible for indeFThlent examinatio it is my resp)1)11tytO. Examine th accounts under section 145 of the 2011 Act. Follow the procedures laid down in the General Dire¢tions given bythe Charity Commissioners made under section 145(5)(b) of the 2011 A Stth whetkr particular matkrs have come to my allentio Basis of Independent examlDer's reporl My examinknon was carried out in accordance with the General Directions given by the Clwity Commissioners. An examination includes a review of the acLx)unting 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 a1 seeking explanations from you as trustees concerning any such matt The Pr(edureS undertaken do not provide all the evidence that would be required in an audiL and conso4uently no opinion is given as to whether the accounts present a 'true and fair view, and the rert is limited to those nwtets set out in the statement below. Independent exaTrlner's stslemeDI In the ci)urse of my examination, no matter has come to my attention. (l) which gives me rewnable cause to believe thaL in any matsri aspecL the requiremenls: . kn keep a¢¢ounting records in wxordance with section 386 of the Companies Act 26. arnl - accounts are prepaTrJ which 88ree with the accountin8 records and comply with the accountin8 requirements of section 36 of the Companies Act 2006 and with the methods and principles of the Statement of Rnmended l)ractice: Accounting and Rewrting by Charities have not been met or (2) to thich, in my opinioo attention sbould be drawn in order to enable a Undeing of the accounts to te reached. Basthly4n K A C. & Rodr180 ( Bsc Attountsncy. MBA ACASU FFAIFIPA) NF Financial Solutions Ltd CIO Good Give Ltd Signed on ' 10 September 2023
KPI MINI8TRIE8 COMPANY LIMITED BYGUARANTEe Statsment of Flnanalal Aotlvltlos lor th• y•ar •nd•d 31st DECEMBER 2022 Unr•strkt•d Total Funds Funds R•slrl¢t•d 2022 In¢•mlng R•sour¢•s Note from g•n•rat•d funds DonatkJM and Lega¢608 72,089 72,089 52,268 Investmertrt incom8 72.089 72.089 52,268 ottr Incom8 Other 197 Tot•1 Inoomlno 72,089 72,089 52,465 R•soUr$ Exp•nd•d Charltabl• otlvlli•s In fUrth•rAn of obJ•¢tlv•s Cost of Activiti8s 73.734 54.849 Gov•rMno• 1,440 1.440 Total R•souro•s Exp•nd•d 75,174 75.174 56,289 N•t mov•m•nt In funds 13.086) (3,088) (3.825) Totsl Funds brought forward Total Funds ¢arr6•d forward 104,678 101,692 104,678 108,503 101,692 104,678 The above funds are all c18ssed 88 to purpose. All movemnts of fund$ and all reccJnlsed gain$ and losses are Included above. The notes on the a(OUnts form part 0fth accounts.
KPI MINISTRIES COMPANY LIMITED BY GUARANTEE B•lano• Sh•at as at 31st DECEMBER 2022 2022 2021 Fix•d As5•ts Tanglble fixed assets 4.053 5.066 Curr•nt Ass•ts Cash al bank and In hand Debtors & prepayments 20,893 93.500 114,389 54,219 93.500 147,719 Cradltors: amounts falling du• wlthln on• y•4r Creditors & accwals {1661 {1,440) N•t CUnt Ass•ts 114.222 146,279 Total Ass•ts l•ss CuTh•nt Llabllltl•s 118,276 161,345 Cr•dllors: amounts falllng du• aft•r on• y•ar 18,687 46,867 Tolal Ass•ts 101,692 104,678 G•n•ral Funds Unrestricted funds Restricted funds Total Funds 76,377 25,215 101.692 79,463 25,215 104,678 Approved by the trustees on . . And slgned on their tehaW by.. goRQ The notes on these accounts fom part ofthese a¢Unts
KPI MsTRs Ll Basls of Acfountlng These accounts have been prepared under the historic cost conventlon with items Recognised at cost or transaction values otherwise stated in the relevant notels) to These accounts. The accounts have been prepared in accordance wlth: The Statement of Recommended Practice: Attounting and Reporting by Charitles Preparing their a¢counts in accordance with the Financial Reporting Stsndard Applicable in the UK and Republic of Ireland IFRS102) issued on 16 July 2014. 12 Golng CoKern: The accounts are prepared on a 8olng concern basis. 13 The accounts present a true and falr view and no change have been made to the accountin8 policies adopted. L4 No changes to the accountlng estimates have occurred In the reportingperiod 1.5 No material prior year error has been identified in the reporting period. Recognition of Incorne These are included In the Ststement of Financial Actlvltles {SOFA) when: The charity become5 entitled to $Our$. It is more likely than not that the trustees will receive the resources; The monetary value can be measured with sufflclent reliability. Grants and Donatlons Grants and Donations are only included in the SOFA when the general incorne recognition criteria are met15.10 to 512 FRS102 SORPI Tax redolm on donotions ondgifv Glft Aid receivable is included in the income when there is a valid declaratlon from the donor. Any glft aid amount recovered on a donation Is considered to be part of that gift and is treated In addition to the same fund as the Inltial donation unless the donor or the terms of the appeal have specified othenvi5e. EXPENDTfuRE AND UABIUTIES Liablllty Recognition Liabilitie5 are reco8nlsed where it 15 more likely than not that there is a legal or constructive obligation committin8 the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Grants ondsupport Costs Support costs have been allocated between the governan costs and other support. Governance costs comprise all costs involvlng public accountability of the charity and its compliance with regulation and good practi.
KPI MINISTRIES NOTFS TOTHK AccoiNfs FOR THE YEAR KTr4DED31sfDXCEMBER2022 Creditors The charity has ¢dItorS which are measured at settlement amounts less any trade discounts. Tt7ngible FixedAs5etsfor use by the thurity They are capitalised if they can be used for more thèn one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method. DebtlYS Debtor5 are measured on initial recognition at settlement amount. Subsequently they are measured at cash. 2 Voluniary Incomel Other Income Unrestrfrted Restrltted 2022 2022 Totsl 2022 Totsl 2021 rithes Offerings Gift Aids Other artivities Totsl 42,165 24,498 5,425 42,165 24,498 5.425 25,583 24925 1720 197 72,089 72.089 52,465 3. Cost of artivitles In furtherance of Charws Obiectlves 2021 Hall Hire Donations Bank charges OfFice Rent Loan Interest Pastoral SeNi¢es Depreciation Church expenses Totsl 7,840 6.31XJ 672 6,790 587 37,8CLI 1.013 12,732 73,734 3.3tsJ 6,201 467 395 37,801 1.267 2,518 54,849
KPI MINJSTIUES NOTES TO THEAccoiJffAS FOR THE YKAR ENDED 31STDKCEMBER2022 The trustee Pastor George Yeboah was paid on subcontracted out basis £37,800 during the financial year for pastoral services rendered to the church on a full-time basls12021, £37,801) No other trustee received payments or any other personal benefts from the organisation All other work of the organisation was carried out by volunteers. 4. Tan8lble Flxed Assets Instrumert Equlpment At VV2Q22 Addltions At 3111212022 8(X) 20,629 21,429 20,629 21,429 Depredatlon At IIV2022 Charge forthe year At 3V1212022 733 13 746 15,630 16,363 1,013 17,376 16.630 Net 8ookValue at 3111212022 Net Bcw)k Value at 3111212021 67 4,999 3,999 5,066 4,053 S DEBTORS 2022 2021 Deposits & Other Receivablcs 6 CREDITORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 2021 Accounting ser¥ices 166 7 CREDrroRS: AMOUNTS FALUNG DUE AFfER ONE YEAR 2022 2021 Loans