## **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:
1. Providing regular public worship for all
2. Promoting & Teaching the Christian faith to all ages
3. Providing training, nurture and activities for children and young people
4. Serving the community
5. Giving pastoral care and support to members and others in need, particularly those in sickness, distress or poverty
6. Providing premises and resources for community groups and activities.
7. Providing hospitality to visiting Christian Ministers.
8. 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.
2
## **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.
3
## **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
4
|**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**|
5
## **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
6
## **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
(c) Resources expended
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
7
Streaming Services, Zoom, Payments Processing Subscriptions & Others 3,131 Building Maintenance & Expenses 1,275
8