REGISTERED NUMBER: 08931536 CHARITY NUMBER". 1156823 KINGDOM CENTRAL UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 'AcrociBs4 2111112023 CcPANIEs HCiISE A13
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Spark Chart•r•d Certified **¢ourrtants 10 Wrens CourL 48 Vlctoria Road. Sulton Coldf5dd. 872 1SY
NGDOM CENTRAL Acom Ilmlt uaran CONTENTS R•ferenu and athnlnistrntlv• d•taiJs of ts Ghwity. its trustoes and adviso Trngtees. Report Ind•pondent examlnrfs report Ststem•nt ol ffinanlcal activil*s 8alance she•1 Notes to th• finandal sL•t•m•nts 10-15
KINGDOM ¢EIITrAL REFERENCE AND ADMINISTRATIVE DETMLS OF THE COMPANY. ITS TRUSTEES AMD ADVISERS FOR THE YEAR ENEOED 31 IAARCH 2023 Mr A A Onimc48 mrGLsr Conwny rnglstsr•d number 08931&16 ChAi•ty wglst¢rnd numb•r 11W23 R•glstsrnd offic• 78 Bwmil RLd Roley Regis West ML En9land 865 9&4 Ind•p¢ndent gxarnln•r Phlp Burrd FCCA £countant8 Spark 10 Wrens Cowt 48 tOa Road Surton Coldfiekl 8721SY Bank•Y* Barday% B8nk PLC Page 1
KINGOOM CENTRAL TRUSTEES. REPORT FOR THE YEAR EMEDED 31 IAARCH J)23 The trustees, who a also direclors of the ¢harty for the purposes of the Companies Act 2006, present their repNt with the financial statements of the chanty for the year ended 31 March 2023. The trustees have adopted the provisions of the Ststement of Recommended Practice {SORP 20151 'Accounting and Rewting ty Charities, effeth've January 2015. ADMINISTrATIVE INFORPAATION fjngdom Centsal is a local Independent Chun in Great llaIn. Its Tegistered thanty number 1$ 1156823. lQngdom Central Church is situated at 78 Bimivyjham R¢)•J, Rowley Regis, West Midlands, 865 9BA The Church Offi is nomially open Nknnday to Friday 9am to 5pm. Those 5eThed as Trustee's from 1st April 2022 to until the date this report was approved Mr A A Onimole Mr G L Sichangwa STRUCTURE, GOVERNANCE AND MAIIAGEAIEKr The acbvities of Kingdom Central Church are overseen by the ITUStee's of the Church in accOrdar the Memorandum of Artth of Association of Kingdom Central document The governing document of the registered charity a statement adopted by the Church. The Tfusleee's Meeting is responsible for Ihe financial admintstration of the Church, and the re and maintenance of Church PrniSeS.The Church Meeting (of all members wshing to attend) 9ives gefral guidan on Ihe lrfe w)rk of the Church. The members of the Trustee's Meeting are the Minister in pasloral charge a mgmber Of Kingdom Central Church nominated and elected by the members of K"tngdom Central Church and tsvo members of lfjngsway rntemakn.onal Christsan Centre nominated and elected by the lfj'ngsway Intematicfflal Chrisban Centre Pastoral Board and Church Neork Forum. Trustee's ser¥es for three years, tire by rotsbon and are ekgible for rfrele¢kn. There is no liAt on the number of cKJnse¢utive peri¢>Js of servi. The Trustee's mel 5 times during the yew. It is assisted in the wjministration of the Church ernOYee,5. The Church Meeting met qufly. 08JECTIVES AND ACTMTIES A5 a local congregation of Ihe Kingdom Central Church, lfjrydom Central seeks to advan¢e the Christian faith through its activitses and the facilibes offered to the communty by its building and its volunteers. Our mission statement reflects our vision". °Building Lives v Kingdom Focus.. Page 2
KINGDOM CENTRAL Ilmited b TRUSTEES. REPORT FOR THE YEAR ENEDED 31 PIARCH 2023 In practs'ce, Kingdorn Cefttral is commiited lo providing targeled. prqeds and Services desi9ned to meet the needs of both members and the wMJer o)mmunity in a holisb'c way. In our efforts. we are carelul not to duF4icate existing services but to oimF4iment and woffk in partnership whenever possible. The TDJstee's Board is aware of the Charity Commission's guKtiance on public benefrt in"The Advancement of Religion for the Public Benefif and has regard to f( in the administration of the Church. The Tfustee's Board believes tha( ts Church wovides benefft to the public by". providing resources and faLMlits'es for publ worship, pastoral care and swritual. moral and inteNectual development, bolh for the regaty.0n and for anYe eise wishes to benefit from wthat the Church offers,. promoting Christian values and seThice by members of the ¢aOn to the communty, for Ihe benefit of individuals and socrety as a whole. REVIEW OF ACTrvmES AND ACHIEVEPAENTS As a ¢ommunty of faith, we gladly give thanks to our God for his gra¢tous hand on the work we believe he has cailed us to pursue. It is our unwavering cvIC.0n that at we have achieved in the past year is largely due to his help expressed through the kindness and self- sxrifiee of our members. Their devots.on to seThing the ¢ommunity is path"CLslarty noteworthy wherk viewed against the background of the Worsening e¢onomic dimate has impaGted all of us. As the resident pastor. I feel honoured to serve Ongsitte such wmmitted people. Thanks also to ¢)ur Board of Trustees and the Company members vtho devote their ts.me and much encouragement in keeping Kingdorn Central running smwthty. Throu9hout the past year. Kingdom Centr4 has extended tls ministy to the cOrrUn through a number of inib"alive$. To celebrate Christrnas day 2022. we provKJed a Caribbean breakfastwhlch attracted many individLtals from Ihe immediate communty and from further afield. This was a special bme for all but especmlty childn, most of vthom had nevw tssted Caribbean breakfast The event tumed out to be more than just eating., it became an extended lime of fellowship bet¥&n varh)us Indivuals who were meetsng ea¢h other for the first time. The New Ye started off with many familiès and individuals in our communty feeling the pressure caused by the rapid increase in the Cost of IMn9. As a result. our food bank became stretched but with the generous donabon$ frixn our members and from Asda supermarket. we were able to distribute par1$ on a weekty basis, although on oc¢as*)ns we ran out of supplies. However, we are committed to Continue this needed Service. albeit within the limiLqtion of our resources. 'ngdom Central ¢ontinues to be an a¢ayediied place of wekome. In practi. we provide 8 safe and wami place where IndivvalS can meet. find support and buiKI relats"onship$. A key asped of this seNicÈ is our coffee mornings which has steadity 9rown since the beginning of the year. This seNice has attracted dentS from local care home$, providing a welcome respite not only for the residents but also for their careeTr. We have also noticed thal the coffee mornin9 for some indivhluals is serving as a first step to Page 3
KIN corn ran TRUSTEES. REPORT FOR THE YEAR ENEDED 31 AIARCH 2023 ongoing partsupab'on in the church. This is evIdered by their attendance at our Sunday services and other events such as games nht and oulings. Our team ol volunteers are cknntiThJing Iheir ¥K)rk V4ith Safer F1[s. providirvJ counselling and supporting young mothers who have recendy moved into the Socal area As a ¢h8rity we continue to pursue our obje¢tNes not onty locaHy but so abroad. Locaty. we have helFed a number of indNiduals facing urgent needs with financial donalK)ns from our wetfare fund. We have also donated to crisis appeals such as the devastating earthquake which occurred in Turkey and Syria earlier this year. In addrlion. we continue to support a student from refugee camp in Uganda to atteThJ ¥thcrf)r. We also donate regularty to the building of a mmunty ¢entre in Malaw. PJI this is done from funds individuals have collected specifully for mission work. An important part of the church's rninisty is to not onty a safe space for children and young people. bul also to support them to discover and develop their potential$. We are ¢urrentty devoting b'me and resources to this endeavour. Throwhoul Ihe year we have tsken groups of young people on educational and leisure trips. A parb"cularty memorable outing was to the New S¢ienty'st exhibits'on in LoThJon. This proved immensely beneficial as it exposed our young people to a host of new development in the 5cienb.fic arena. We are also creatr.ng the opportunity for our young people to leam new skills and build healthy relatsonships in addits.on to addresng important issues such as staying safe online and handling conflirt in their daity lfves. In common wth most churches. our attendance number has not completely recovered their pre- Covid levels. This dedine h¢xever may be the result of a broader change in the way individuals choose to interact with thurch. grven that church services can be easily access within the comfort of their homes. Neverthele$s. we are confident that we will see a gradual retum to inerson- attendan as indNrduals redisCVer Iheir need for more intimate relati¢)nstMps. Going fcKward. Kingdom Central is committed to buikiing on the strong fndatson it has 8StablisheO in the community of RovAey Regis We are confident that our ministy is makn"n9 a difference to the lives of the people we are semng. Wtrth the continuing support and prayers of our members. we wll Certainty overcome whatever challenge Wdts u$ in the yeats ahead. Page 4
KINGD TRUSIEES. REPORT FOR THE YEPA ENEDED 31 MPRCH 2023 FINANCIAL REVIEW The Churth had income totaling £114.298 for the 12 M(thS to 31st March 2023. this led to a defiot being &hieved of £7.770 after incurring costs of £122.068. Unrestricted funds: Ideally. the Trustee's Vuld wish lo have in hd an am(wnt equal lo at least six month's regular exp1¢Ure as Yree. reserves. to meet future shortfalls in income or unexpected eenSe. The balance at 31st 2023 represents several months of budgeled expenditure for 2024. Designatod funds." There no designated funds rexeived during Ihe r. This report was approved ty Ihe Twsiees. 23 Odobw 2023 and is signed its behalf by: Yoml Onlmle Trustee PwJe 5
NGDO CEN rimlt•d Aeom INDEPEIIDENT EXAmINEs REPORT TO THE TRUSTEES OF KIXGDOIA CEMTRAL FOR THE YEAR ENEDED 31 PAARCH 2023 I report on th8 financial slatements ofthe company lor th8 JEar ed 31 Marth 2023 aro set out on pag&s 7 10 14. Thi$ pOrt is madp solety to the ¢ompanl5 Tnslees. as a body. in acc4Ydanr with sectiw 145 of the Chari$ Act 2011 and regulations made under seth.on 154 of that Act. My work ha$ un(Sertaken so that I might stste to the companys Twstees Ihose ffotters l am qui to ste to them in an In(lepgndenl examinerfs rewrt and for no olher PU#e. To the ftdlest exlent permitted by law, I do not accept or assuwE reSponbIl10 anYl other than the c(np aThJ the {1pan5 Trustees as a body. lof my woth or for thi8 reporL Respecttve Responslblulles ofTnffjlw¥ ond Ex4mln•r The charitys truslees are fesponsible for the preparalitin of the accounts. The charity$ trustees nsidgr that an audit is not required for this year under $e¢lioft 144(21 of the Charities Act 2011 {the Chariknes Act} and that an epern1 exanWnaly is r8ded. Hang satisfied myself that the company is not subject to audrt urwjer tharity or c4vnpany Iw and Is eli9it4e lor irmlependent examination. it is my respthtsibility to: exarnine the financial 5tatemenls under sec1 145 Of the Acl: folbw the procedure5 laKI down in the general Direcb"on$ 9iven by the Charity Commiwon under $e¢lion 145(5} Ib) otthe Acl. and B•sb of Indepethdent EXaMinS R•port My examination was ¢anied oul in acccKdance with Ihe geral dKection$ 9Nen by Ihe Charity Cornrnisslon. An examinalion Indthyes a rewew of the accounb.ng record$ kèpt by the ¢ompany and a comparison of the finanThal ststernen15 presented with those r¢¢ords. It ajsts in¢lLKles considerab'on of any unltsual items or disd05wes in the firTrancial statemènts. and wking explanats'ons from you as Trustees ¢on¢eming any such matters. The pro¢edures undert¥ken do not Provde am edeTh Ihal Would bè required in an alit. and ¢on$tyuenlly no opinton is given as to Tthether financial stslements present a'lruè and f¥ ¥v¥ •nd the rei*M is Ihmited to those matt¥s set out in th¥ statemenl below. Pag& 6
DOM om NTRAL INDEPEIIDENT EXANIIIER% REPORT {¢on1inu•d FOR THE YEAR ÉNEDED 31 MARCH 2Q23 Independwt Examlnerfs Statemert In ccrfMedI wth my exanrnakn. no matter has come to my altethn: {11 Whith giwes rsOnjIe cause to belie¥e that in ffAterial resFd the requirements: to prepare fanCIal Ststements which ac¢(d with the accounting recryds and (y)mpty wilh the accounting requifements of sect)n 396 of the CM)panies Act 2{ arKI wrth the melhods and prineiplÈ$ ofthe Statement of Recommended Praclicè." Aceounling and Rek)0rkn" by Charrts have not been met,. or {2) to whlch, in my wnion. altention ShOd be dram in order to enable a propor undwstandin9 of Ihe finanoal statements to bo reached. Signed.. L6aQ Phllip Burnell FCCA Spa Chartered CorUfi•d Aceountants 10 Wrens Court 48 Vlctoria Ro•d Sutton Coldrd B72 ISY Page 7
KINGDOM CENTRAL Acom Ilrnlted arnntee STATEMENT OF FINANCIAL ACTMTIES Ilncon)OAting Income and Expenditure Accounll FOR ThE YEAR ENEDED 31 IAARCH 2023 Unrnstrktod Total funds 2023 Total fvnds 2022 2023 Incomlng resources Incomin9 SOurceS from genernted fu.. Voluntary income 114.298 114,298 133.488 ActNites for generating funts Total Incoming resources 114.298 114,298 133.488 RQr¢¢5 expended Costs of generatww funds". Charitable activities 3.4 119.078 119,078 112,743 2,798 Total resourus expended 122.(67 122,C67 115,541 Movement in total funds forthe ygar- N•t Incomellexpenditurel lor the year (7.770) 17,770) 17.947 Total funds at 1 April 2022 105,502 105.502 87.SSS Total funds at 31 IAarch 2023 97.732 97.732 105,502 notes on pages 9 10 15 fomi part ofthese financwl Stawnents. Page 8
KINGDOM CENTRAL com an limited b rantee BALANCE SHEET AS AT 31 MARCH 2023 2022 Flxed Assets Tangible assets 11.784 5.625 Current assets Debtors Cash at bank and in haThJ 30,497 75.th8 87,599 11X.053 Creditors: amounts falh.ng due witrw"n or year 10 (1.6511 {6.1761 Net current Ilabllltles 99,877 Net assets 97.732 105,502 Charity funds UrTrstricted funds 13 97.732 105.502 Total funds 97.732 105.502 The Trustees consider that cornpany is tilled lo ex&nption frcrn the rewiremenl to have an audit under the Prov10n$ of section 477 of the Act 2(6 {'Ihe ACV'I and members have not required the company to obtain an aJit Ihe year in questr(n acccthrK* Wrth sectThi 476 of the Ad. The Trustees acknthvle(trJe trEir resF(sltst for complSffig with Ihe requirements of the COmpanS Act 20C6 with respect lo accounting rec(xds arKI for preparing finaKial statements which gNe a tnje and fair view of the stste of affairs of the company as al 31 Marth 2023. and of tts nel resour$ expended for the year in a¢¢ordan¢e with Ihe requirements cl sectM)ns 394 395 of the Act, atvj lch olherwTrse comply th the requ1MentS of the Companies Act 2CIJ6 reLqtiThJ lo financial statements. so far as appltcable lo the The finarrial statements have been prtywed in wilh Accx)Jntry aThl ReFortsTrJ by Charities.. Statement of Recommended Practice aFvIKe to charrtES their accounts in rdance wrth the Financial Repjrting Standard appltsble fft UK RebI of Ireland IFRS 1021 leffedive 1 Jarjjary 2015}, Charities SORP IFRS 1021. the financial Standard awicable in the UK aTrJ Republ of Ireland IFRS 102) d Companies Act 2C(6. The fi.nala1 statents were approved ty Ihe Trustees on 23 Octoter 2023 and on their behalf by. Yomi Onimole Trustee The ncrtes cn F)ages 9 to 15 ftym part of these statements. Page 9
KING om limited rantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YUR ENDED 31 MARCH 2023 Acc¢)unting Pol¢i•s 1.1 Basis of preparallon of financlal statem The fir0la1 statern8 have been prepared with Accourting and Repoib'ng by Charities.. Statemonl of Reoxnmended Prxtice appltable to charities preparing their aoUnts in accordance wth Financial Reportiry Standard 4)plicable in UK and Reptsblic of Ireland IFRS 102) {effective 1 January 2015), Charities SORP (FRS 102), th8 fancial Standard appIable ni the UK and Republ of Ireland IFRS 102) and Companies Ad 2006. 1.2 Fund accounting General fvnds are unrestrN#ed funds which affj awlable for use at the discretion of the Trustees in furtherance of the general c"ectNes of the company and which have not been deSnated for other purposes. t)esignaled ccYnprMe unr•strKte(I fwrfls that hm been $81 aside by the Trustees for particulai puryjoses. Th8 ain and usfr of each designated fu1 is Set OLrt n th8 notes to the fina1 ststemen Restn"cled funds are funds which are to be used in cordance wrth specrfr restrictions nposed by donors orwhth have been raised by the company for parbculai purposes. Th costs of raising administering Sh fvnds are chawed against the speeific fund. The aim and use of each reslrKted luTrJ is set out in the nLtss to the fmancial SLItnentS. 1.3 Inc¢)mlng resources l irKoming rescrceS are irtludgd in the Stalemont of FinancK91 Actmiw wn thè company has entitlement to the fund5. certainty of recept and the amount can be asured wth suffiuent liabIlity. Irmme tax recoverable in relation to dortR)n$ under Gift deeds of c0vent is recognised at Ihe lime d Ihe donatth. 1.4 Resources expended Expenditure is accounted for ¢)n w accnjals bis and has bèen induded under expense categories that aggregate all costs for alkxation to Where costs cannot be directly attributed lo partlar xliwtses they have been aUo¢thJ on a basis consislenl with the use of the resources. Fundr&ng costs are thtse incLved in seek¥wJ volLrtary ccffltrlmrtions and do nol indude Ihe costs of di%seminating infcmlati in support of the ¢harilable actiwlies. Support costs are those costs incurred directy in support of expenditure on the objects ol the company and include project managemenL Governance costs are those incurred in connection vAlh administr*ion of the company and complk8n¢e wth constitUnal and statthry requirents. Page 10
NGDOM CENTRAL limited ua NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting Polki•s (contlnu•d) 1.5 Tanglblo flxod assets and daplatIOn Tangible fixed assets are statga at cost18ss deprecokn. Oepreciation 1$ provided * res cakulaled to write off the c05t of fixed assets. their estwnated residual value. over their exp8Cted usefvl Ir48s on the folbirg bases.. Fixl¢Jre$ and frttirvJ$ cpUter equipment 15% reduang bance 33% straght line Voluntsry Income Unrestrlct•d fvnd$ 2023 Tolal funds 2022 Donations and legac Grfl aid Grants received 93.957 20.340 92.966 24,640 15.881 Vohmtary income 114.298 133,488 DlrgGt costs Total funds 2023 Tal funds 2022 Wagés and sala5 Sccial securty costs Marketing and a(fvertlsitYJ Charitabta donattons Events Guest h¢*KluM National forum Musical wst Traning and development 45.669 1.058 1,080 1.434 2.396 51.507 1.838 215 3.850 431 7,053 7.542 8,915 3.272 67.71S 70.LY28 PaJg11
NGDOM CENTRAL com lirnited b uarnntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 Support ¢osts Tolal funds 2023 Total fund$ 2022 Printing. posts98 and staitiwy Repair5 and maintenance Insurallee rr SofAre and consumables Light and heat TeiecLJmmunicatbons Travél Depreeiali¢ Admin support Ckning General expenses Medieal InsuranGe Rent and rate5 Subscriptions 574 5,276 576 593 6,601 581 674 10,588 2,310 597 1,279 17.972 2,038 2,290 855 1.296 677 16,797 35 18.651 51,362 42,716 Govemanu eosts Unr•strfcted fundy 2023 Total funds 2022 2,802 188 2.520 278 Bank charge5 2.990 2.798 Page 12
KINGDOM CENTRAL Acom Ilmited uaran NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 R¢H 2023 Not incom• This is ststed after Chwging.. 2023 2022 Depieoalion of lange fLxed assets: Owned by the tharty . IndeFendent ex[nerf$ fee 1,279 2.520 2.520 4,810 3,799 Staff ¢05ts 2023 2022 Staff costg ¥re as foxs'. Wages and salaries Social secunty costs 45.669 1.058 51.507 1,838 46.727 53.345 The avwage montlty numb8r of Wnpbyws dUrY the ar was as folbd*.' 2023 No. 2022 Page 13
M CENTRAL Ilml orn rantse NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 MARCH 2023 The cc¥npany is exempt frcffj corpwatiM tax on its charitable acbvibes. 2023 2022 Gift ad 0verable Other debtors 7.838 369 27.927 2.570 8.206 30.497 10. Credltors: Amounts falllng due vAthln one ar 2023 2022 Trade ¢redrlors Socia SerIty and ofvr taxes 1,092 559 5,024 1,152 1.651 8,176 11. Tanglble fixed •ss¢ts Flxtufes & Computer Ilttlng¥ 0qu1pnnt Total A$ at 1 Awil 2022 Addrtions 13.674 6,908 7,980 20.582 8,449 As at 31 March 2023 14.143 14.888 29,031 Dopreclath As at 1 April 2022 Charge for the year 8.861 757 6.096 1.533 14,957 2,290 As at 31 Pawch 2023 9.618 7,629 17,247 Net book value As at 31 March 2023 4,525 7.259 11,784 As at 31 March 2022 4.813 812 5,625 Page 14
KING OM CENTRAL Acom limited b uafantee NOTES TO THE FINANCIAL STAT&¥EKrs FOR THE YEAR ENDED 31 IAARCH 2023 11 Statwnent of funds Brought Incomlng R•sour¢es forward resourtes expendèd Carrfed forwa Unrnstrkted funds Genefal funds 105.502 114.298 122.067 97.732 Total of funds 105.502 114,298 122. 97.732 13. Anatysls of net assets between funds Total lund 2023 Totsl fund5 2022 funds 2023 TarvJ*4e assets Current assets ClitOrS due within one >ear 11.784 87,599 (1.651) 11,784 87,599 {1,051) 5.625 106,053 16.176) 97.732 97.732 105,502 Page15