2023-12-31-accounts - Kingdom Culture Movement

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KINGDOM CULTURE MOVEMENT

(Registered Charity, No. 1153874)

FINANCIAL STATEMENTS for the year ended 31 DECEMBER 2023

Contents Page Trustees' Report 2-3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes to the accounts 7

KINGDOM CULTURE MOVEMENT Trustees' Report

Trustees

Pastor Olumide Pablo Shepherds Miss Namunji Mapesa Miss Dorinda Ahenkan Miss Natalia Beckford

Principal Address Independent Examiner North Suite, 3rd Floor Oghale Efole Westworld Building 11 Waldstock Road Hangar Lane, London London W5 1DT SE28 8SF

Bank

HSBC Bank 2 Fargate Sheffield S1 2HE

Aims and Organisation

The principle activities of the charity are:

Providing regular public worship for all
Promoting & Teaching the Christian faith to all ages
Providing training, nurture and activities for children and young people
Serving the community
Giving pastoral care and support to members and others in need, particularly those in sickness, distress or poverty
Providing premises and resources for community groups and activities.
Providing hospitality to visiting Christian Ministers.
Working in co-operation with other Christian Churches and organisations and supporting persons, organizations, projects & events with similar Christian aims and objectives.

Kingdom Culture Movement is registered as a charity in England, (Reg no: 1153874), on 19 September 2013.

KINGDOM CULTURE MOVEMENT Trustees' Report Continued

Trustees Responsibilities for the Financial Statements

The trustees are responsible for preparing financial statements for each financial period which give a true and fair view of the state-of-affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements,

The trustees are required to:

❑ select suitable accounting policies and apply them consistently;
❑ make judgements and estimates that are reasonable and prudent.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the trustees to prepare financial statements. The trustees are responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention of fraud and other irregularities.

KINGDOM CULTURE MOVEMENT

Independent examiner's report on the accounts of Kingdom Culture Movement for the year ended 31 December 2023

The following is a report on the accounts set out on pages 5 to 7.

Respective Responsibilities of the Trustees and the Examiner

As the trustees you are responsible for the preparation of the accounts. It is my responsibility to state whether matters have come to my attention.

Basis of Independent Examiner's Report

The examination included a review of the accounting records kept by the group 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 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 appropriate accounting records

❑ to prepare accounts which accord with the accounting records

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.

Signed: Oghale Efole

Date: 29/10/2024 11 Waldstock Road London SE28 8SF

KINGDOM CULTURE MOVEMENT Statement of Financial Activities for the year ended 31 December 2023 Notes Total 2023 2022 Incoming Resources Tithes & Offerings 50,059 82,783 Partnership 4,860 0 Salary Sacrifice 0 6,694 Designated 4,149 12,841 Gift Aid 30,167 2,704 Facilities Hire 10,301 4,680 Bank Interest 79 31 Other 739 0 TOTAL 100,354 109,733 Expended Resources Foreign Missions 5,725 0 Tithes, Givings & Honorariums 4,375 12,366 Charitable/Welfare 815 2,853 Kenyan Orphanage 2,923 3,156 Administrative Expenses 36,379 21,998 Music, Media, Technical, Computing & IT 2,078 16,355 Furniture & Fittings 0 0 Payroll – Wages & Employment Costs 40,101 42,658 Travel, Transport & Logistics 6,368 5,900 Hospitality 240 1,349 Interest & Bank Charges 300 295 Training & Development 0 0 Miscellaneous Expenses 196 335 TOTAL 99,500 107,265 Net (Outgoing)/Incoming Resources 854 2,468 Total Funds Brought Forward 30,221 27,753 Total Funds Carried Forward 31,075 30,221	KINGDOM CULTURE MOVEMENT Statement of Financial Activities for the year ended 31 December 2023 Notes Total 2023 2022 Incoming Resources Tithes & Offerings 50,059 82,783 Partnership 4,860 0 Salary Sacrifice 0 6,694 Designated 4,149 12,841 Gift Aid 30,167 2,704 Facilities Hire 10,301 4,680 Bank Interest 79 31 Other 739 0 TOTAL 100,354 109,733 Expended Resources Foreign Missions 5,725 0 Tithes, Givings & Honorariums 4,375 12,366 Charitable/Welfare 815 2,853 Kenyan Orphanage 2,923 3,156 Administrative Expenses 36,379 21,998 Music, Media, Technical, Computing & IT 2,078 16,355 Furniture & Fittings 0 0 Payroll – Wages & Employment Costs 40,101 42,658 Travel, Transport & Logistics 6,368 5,900 Hospitality 240 1,349 Interest & Bank Charges 300 295 Training & Development 0 0 Miscellaneous Expenses 196 335 TOTAL 99,500 107,265 Net (Outgoing)/Incoming Resources 854 2,468 Total Funds Brought Forward 30,221 27,753 Total Funds Carried Forward 31,075 30,221	KINGDOM CULTURE MOVEMENT Statement of Financial Activities for the year ended 31 December 2023 Notes Total 2023 2022 Incoming Resources Tithes & Offerings 50,059 82,783 Partnership 4,860 0 Salary Sacrifice 0 6,694 Designated 4,149 12,841 Gift Aid 30,167 2,704 Facilities Hire 10,301 4,680 Bank Interest 79 31 Other 739 0 TOTAL 100,354 109,733 Expended Resources Foreign Missions 5,725 0 Tithes, Givings & Honorariums 4,375 12,366 Charitable/Welfare 815 2,853 Kenyan Orphanage 2,923 3,156 Administrative Expenses 36,379 21,998 Music, Media, Technical, Computing & IT 2,078 16,355 Furniture & Fittings 0 0 Payroll – Wages & Employment Costs 40,101 42,658 Travel, Transport & Logistics 6,368 5,900 Hospitality 240 1,349 Interest & Bank Charges 300 295 Training & Development 0 0 Miscellaneous Expenses 196 335 TOTAL 99,500 107,265 Net (Outgoing)/Incoming Resources 854 2,468 Total Funds Brought Forward 30,221 27,753 Total Funds Carried Forward 31,075 30,221
		TOTAL 100,354 109,733

		Expended Resources Foreign Missions 5,725 0 Tithes, Givings & Honorariums 4,375 12,366 Charitable/Welfare 815 2,853 Kenyan Orphanage 2,923 3,156 Administrative Expenses 36,379 21,998 Music, Media, Technical, Computing & IT 2,078 16,355 Furniture & Fittings 0 0 Payroll – Wages & Employment Costs 40,101 42,658 Travel, Transport & Logistics 6,368 5,900 Hospitality 240 1,349 Interest & Bank Charges 300 295 Training & Development 0 0 Miscellaneous Expenses 196 335
		TOTAL 99,500 107,265
		Net (Outgoing)/Incoming Resources 854 2,468 Total Funds Brought Forward 30,221 27,753
		Total Funds Carried Forward 31,075 30,221

Balance Sheet as at 31 December 2023

	2023	2022
	Note £
Current Assets
Balance at bank and cash	31,075	30,221
Total Current Assets	31,075	30,221
Creditors: amounts falling due within one
year	0	0
Net current assets/(liabilities)	31,075	30,221
Total Assets less Current Liabilities	31,075	30,221
Creditors: amounts falling due after one
year	0	0
Total Net Assets	31,075	30,221
Represented By
Unrestricted Income Fund	31,075	30,221

Signed on behalf of Trustees

Chief Executive

Dated: 29/10/2024

KINGDOM CULTURE MOVEMENT

Notes to the accounts for the year ended 31 December 2023

1. Accounting Policies

(a) General

These accounts have been prepared in accordance with applicable accounting standards and with the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 ("SORP 2015")

(b) Donations and fund accounting

Donations received for the general purposes of the charity are included as unrestricted funds

Expenditure is included on an accruals basis.

(d) Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

2. Payroll – Wages & Employment Costs

This includes:

£ Ministerial Salaries 33,552 Musicians/PA/Tech Staff 943 Administrative Staff 3,980 Pension Contributions 1,626

3. Administrative Expenses

This includes:

Rent & Space Hire 27,549 Tel Broadband & Communications 1,820 Children’s Church 1,827

Streaming Services, Zoom, Payments Processing Subscriptions & Others 3,131 Building Maintenance & Expenses 1,275