2024-12-31-accounts

Charity Registration Number .. 1150635 Company Registration Number '. 08056915 KPI MINISTRIES TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

KPI MINISTRIES LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Quophi Kwaning-Boaitey Rev George Yeboah 1150635 Charity Number Company Number Registered Office 08056915 22 Hughes Walk Croydon CRO 2TR Bankers Lloyds Bank 137 N End Surrey CRO ITN Independent Examiner Anum Hassan Accounting Assist Ltd 7 Bell Yard London WC2A 2IR

KPI MINISTRIES CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tru5tees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement5

KPI MINISTRIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024 Trustees, report and financial statements The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial Statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. Trustees The trustees, who are also the directors for the purpose of company law. and who Se￿ed during the year and up to the date of signature of the financial statements were.. Quophi Kwaning-Boaitey Rev George Yeboah Trustees, responsibilities Statement The trustee5. who are also the directors of Charity For Kpi Ministries for the purpose of company law, are responsible for preparing the 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affair5 of the charity and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financial statements. the trustees are required to.- select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed. subject to any material departures 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 charity will continue in operation. The trustees are ￿spOnSible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply vvith 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 detertion of fraud and other irregularities. This report was approved by t trustee and signed on its behalf by. Rev George Trustee Date 04 September 2025 Page1of8

KPI MINISTRIES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Report to the Trustees of Kpi Ministries I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which consists of the statement of fi.nancial activities.balance sheet and the related notes Responsibilities and basis of report the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Act 2011 I'the Act'l I report in respect of my examination of the charity's accounts carried out urbder section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examiner's Statement l am qualified to undertake the examination by being a qualified member of ACCA I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name.. Anum Has5an Date.. 04 Septeinber 2025 Page2of8

KPI MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Recommended categories by actlvlty Income and endowments from: Notes Unrestricted funds Total Funds 2024 Total Funds 2023 Donations and legacies 87.484 87,484 97.902 Total 87.484 87.484 97.902 Expenditure on: Raising funds 39.480 39,480 39.240 Charitable activities 32.692 32.692 25.148 Other 665 665 730 Total 72.837 72.837 65.118 Net incomel(expenditure} 14.647 14.647 32.784 Net movement in funds 14.647 14.647 32,784 Reconclllatlon of funds: Total funds brought forward 48.950 48.950 16,166 Total funds carried forward 63.597 63,597 48,950 Page3of8

KPI MINISTRIES BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Recommended categorles by activity Notes Total Funds 2024 Total Funds 2023 Fixed assets Tangible assets 2,659 3.324 Total fixed assets 2.659 3.324 Current assets Debtor5 17.200 14.144 Cash at bank and in hand 51.537 43,746 Total current assets 68.737 57,890 Creditors.. amounts falling due within one year io 7.800 12,264 Net current assetsl(liabilities) 60.937 45.626 Total net assets or liabilities 63.596 48,950 Funds of the Charity Unrestricted funds li 63.597 48,950 Restricted income funds li Endowment fund5 li Total fvnds 63.597 48,950 For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Art 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees acknowledge their responsibilities for complying with the ￿qu1￿MentS of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 04 September 2025 and signed on its behalf by.. Rev Geomg Yghnah Trustee Date .' 04 septemDer 2025 Page4of8

KPI MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting Policies The principal accounting policies adopted by the Charity. which is a public benefit entity. in the preparation of the accounts are as follows. 1.1 Basis of preparation These accounts have been prepared under the historical cost convention. as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021- leffective I january 20191- (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. 1.2 Going concern The Trustees have prepared financial projections. taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concem basis of accounting in preparing the accounts. 1.3 Material prior year errors During the year the trustees identified that debtors had been overstated in the financial statements for the year ended 31 December 2023. The previously reported debtors balance of £99.500 has been corrected to the true balance of £14,144, resulting in a reduction of £85,356. This error has been cOr￿cted by restating the opening fund balances as at l January 2024. Comparative figures for the prior year have been restated accordingly. The effect of the adjustment is as follows= Debtors at 31 December 2023 decreased by £85.356 (from £99.500 to £14,144). Funds brought forward at I january 2024 decreased by £85.356. There is no impact on the net movement in funds for the year ended 31 December 2024. 1.4 Income frorn donations or grants Income from donations and grants is ￿COgnised when the charity is entitled to the funds, the ￿ceipt is probable and the amount can be measured reliably. For donations. this is usually on receipt. For grants. this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions OLJtside of the charity's control which must be met before the charity is entitled to the funds. or rf the donor specifi'es that the funds must be used in future time periods. then the income is deferred. 1.5 Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 1.6 Income from charitable activities Income from charitable activities is recognised over the period to which the income relates. Concert fee5 are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to fvture periods are deferred. Page5of8

1.7 Expenditure Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be ￿Covered. Direct costs are those costs which directly attribute to its artivities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members. Support costs include staff costs and are those which do not pmduce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent. All costs, including governance costs. a￿ allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly.. others are apportioned on an appropriate basis. Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity. 2. Income from Donations and Legacies Analysls Unrestrfrted fvnds Total funds 2024 Total fvnds 2023 Donation and gifts Gift Aid 81.245 6.239 81.245 6,239 90.877 7,025 87.484 87.484 97.902 3. Expenditure on Raising Funds Analysis Total funds 2024 Total funds 2023 Support Costs 39,480 39,240 39.480 39.240 4. Expenditure on Charitable Activities Total funds 2024 Total funds 2023 Analysis Interest payable Bank charges Donations Hall Hire Office Rent Church Expenses 417 571 729 9.850 8,030 6,590 7.651 2.704 8,180 6.140 6,978 32,692 25,148 5. Support Costs Total funds 2024 Total funds 2023 Analysls Pastoral Service5 Governance Costs 37.800 37,800 Govemance Costs 1,680 1,440 39.480 39.240 Page6of8

1. Other Expenditure Unrestricted funds Total fund5 2024 Total funds 2023 Analysls Depreciation Charge for the Year- Plant & Machinery 665 665 730 665 665 730
2. Tangible Fixed Assets Plant & Machlnery 7.1 Cost or valuation At 01 january 2024 21.429 Additions Disposals Revaluations Transfers At 31 December 2024 21.429 7.2 Depreclatlon and Impalrnients At 01 january 2024 Charge for the year Disp05als Revaluations 18,105 665 Transfers At 31 December 2024 18.770 7.3 Net book value At 01 january 2024 3,324 At 31 December 2024 2,659
3. Debtors: Amounts falling due within one year Total fund5 2024 Total funds 2023 Trade debtors 17.200 14.144 17.200 14.144

4. Cash at bank and in hand Total funds 2024 Total funds 2023 Cash at bank and in hand 51.537 43,746 51,537 43,746 Page7of8

5. Creditors: Amounts falling due within one year Total fund5 2024 Total funds 2023 Trade creditors 7.800 12.264 7.800 12.264

6. Charity funds 11.1 Details of material funds held and movements during the CURRENT reporting period Fund balances brought forward Fund balances carried forward Income Expenditure Gains and losse5 Fund names Transfers Unrestrlrted funds 48,950 87,484 72,837 48.950 87.484 72.837 11.2 Details of material funds held and movements during the PREVIOUS reporting period 63,597 63.597 Total Fund balances brought forward Fund balances carrled forward Income Expenditure Transfers Gains and losses Fund names Unrestricted funds 16.166 16,166 11.3 Transfers between funds 97.902 97,902 65.118 65,118 48.950 48,950 Totsl This Year Amount Between unrestrirted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds Last Year Amount Between unrestricted and restricted funds Between endowment and ￿strICted funds Between endowment and unrestricted funds Page8of8