REGISTERED NUMBER: 08931536 CHARITY NUMBER: 1156823 KINGDOM CENTRAL UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 IDiiilliMI,, *ADHXW41• 1411212024 COMPANIES HOUSE A12
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Spark Chart•rnd Certlfled A¢¢¢untant$ 10 w.rens Court, 48 Vlctoria Road, Sutton.Coldfleld, B72 1SY
KINGDOM CENTRAL Acom an limited b uarantee CONTENTS Page R•ference and admlnistratlve detallg of the charlty, Its tru8t0•8 and advlsors Truste•s' Report Independent examlner's report Statement of. flnanlcal actlvltles Balanc• 8he•t Noto8 to tho Ilnanclal staloment8 10.15
KINGDOM CENTRAL, Acom an limited b uarantoo REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENEDED 31 MARCH 2024 Trusteas Dr F l Abedo {appoint8d 1st April 2023) Mr G L Sichangwa Ms S C Chemonges (appointed 16th March 20241 Company r•glstered number 08931536 Charity rnglsler•d number 1156823 Rogl$ter¢d offl¢• 78 Bimiingham Road Rowley Regis West Midlands England B65 98A Ind•pond•nt examlner Philip Bumell FCCA A¢countant• Spark Charteréd Certified Accountants 10 Wrens Court 48 Victoria Road Sutton Coldfield B72 1SY Bankern Barclays Bank PLC Page 1
IN DO Aeom uarant TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also diredors of Ihe charity for the purposes of the Companies Act 2006, present their report with the financlal statements of the charity for the year ended 31 March 2024. The trustees have adopted the provlsions of the Statement of Recommended Practice (SORP 2015) 'Accounting and Reporting by ChaTities' effedivé January 2015. ADMINISTRATIVE INFORMATION Kingdom Central Is a local independenl Church in Great Brltain. Ils registered charlty number is 1156823. Klngdom Central Church Is situated at 78 81milngham Road, Rowley Regis. West Midlands, 865 98A. The Church Office is normally open Monday to Frlday 9am lo 5pm. Those who served as Trustee's from 1st April 2023 to until the date this report was approvetJ are: Ms S C Chemonges Mr G L Sichangwa Dr F l Abedo STRUCTURE, GOVERNANCE AND MANAGEMENT The activities of Kingdom Central Church are overse8n by the trustee's of the Church In accdanCe wlth the Memorandum of Artlcles of As80clallon of Klngdom Central do¢umenl. The govemlng document of the registered charity 18 a ststement adopted by the Church.. The Trusteee's M8eting18 responslble for the financial admlnistration of the Church, and the ¢are and maintenance of Church premises.The Church Meeting {of all.members wlshing to attend) gives general guldance on the Ilfe and work of the Church. The members of the Trustee's Meeting are the Mlnlsler in pastoral charge a member of Klrygdom Central Church nominated and 818cled by the members of Kingdom Central Church and members of Kingsway Intemational Chnslian Centre nominated and elected by the Kingsway Inlemalional Christian Centre Pastoral Board and Church Network Forum. Tnjslee's serves for three years, retire by rotation and are eligible for ro-eleclion. There is no limit on the number of conse¢utiv8 periods of service. The Trustee's Meeting mel 5 times durlng the year. It Is assisted in the admini8tratlon of the Church 8mploy88's. The Church Meeting met qU8rteTIy. OBJECTIVES AND ACTIVITIES As a IoGal congregation of the Klngdom Central ChUh, Kingdom Central seeks to advance the Christian fallh through its aclivities and the facilities offered to the community by its building and its volunteers. Our mission statement reflects our vision= 'Building Lives with a Kingdom Focus.. Page 2
KINGDOM CENTRAL Acom an Ilmlted b uarantoe TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 In practice, Kingdom Central is committed to providing largeled, projects and s8rvlc8s designed to meet the needs of both members and the wider community in a holistic way. In our efforts, we are carefvl not to duplicate existing services but to compliment and work in partnership whenever possible. The Twstee's Board is aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Publ1¢ Benèfit" and has regard to it in the adminlstratlon ol th8 Church. The Trustee's Board believes that, the Church provldes benefll to the pu.bllc by. providing resources and faciliti8s lor public worship, pastoral care and spiritual, moral and intellectual development, both for the congregation and for anyone else who wishes to benefit from what th8 Church offers; promoting Chrlstlan values and servlce by members ol the congregation to the community. lor the benefrt of individuals and society as a whole. REVIEW OF ACTIVITIES AND ACHIEVEMENTS In the past year, Kingdom Central has continued to demonstrate its commitment to providlng life- changing services to members of the church and the wider commtjnlty. The range of services we offer to the community has remalned consistent. in splte of the challenging finan¢lal ¢llmate. Our ablllty lo malntaln our services is largely due lo the faithful support of our members, The focus of our mlnistry'is lo provide spirilual 8nd emotional support. However. our assistance wherever possible, extends to financial and other practical help. In practice, we regularly provide food and clothing to those who are strugglir)g wlth the c¢)sl of living. This support is offered through our weekly food-bank which opens every Tuesday. In addition, we regularly partner wlth larger charitable groups in the .community. In thls way we are able lo paol our soUrCes, maklng our contribution more effective. We are graleful to our m8mbers who regularly glv8 their ts'me skills, and finances lo ensure the. continuation of these vital services. Without their comrnitted support we would not be able to continue our services the various community-based activities currently taking place. Kingdom Central alsg continues lo operales weekly drop-in sessions where members of the communlty are offered free refreshment and the space to rélax and talk with someone. This has proven popular 'during the winter months wh8re some people have nowhere to go. This event was well attended and we received much reports from the attendees on how they enjoyed th8 g8siure. We are planning to extend this ministry to a proje¢t offering attendees the opportunity to develop basic skills such as ccrt)king and other lrfe skill training. Page 3
KINGDO NTRAL Im TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Klngdom Cenlral Is still registered as a 'Place of Welcom8. by Sandwell Local Authority. Thi8 rneans our details and services are advertised in all thè main Community information forums. We are also involv8d with . the "Safer Families Project. which.sees a nurnb8r of our members receiving training to support famS1ies In the community. Our members continue their involvement in the prison system, visiting and conduct seNice in a Wesl Midland prison twicè pér week. Although the maln focu8 of our charltable acllvltleg is baged In the UK. Klngdom Central over the years has supported Churches and indSvidua15 in varlous nations. Members are currently supportlng girfs lo attend school in Uganda, in addition lo making donations to othèr charities, sp8cific8lly Trees Thal F880 and UK based charlty Sight Savers, working In varlous natlons. The minlstry of Kingdom Central Is conducted agaSnsl the background ol Increaslng financial challènges for our members due to the current economic clirnate and the fact thal'a number of our members have retired from fulltime employment. This sSlualion has impacle¢ Iheir financial contrlbulion to the church, but we are confident that with careful managemenl, we will be able to contlnue offerlng 8 Ilfe 4hBnglng minlslry lo the members of Kingdom Central and the community in gen8ral. In terms of future plans, Klngdom Central 1$ $88kSng to relocate its ministry to more susl8inable premises. We believe thal this move wlll allow us to offèr a wider range of servlces both to the comrnunlty and to our members, especlally our growing group of young people. Again. we thank our members and leadership team for their support and encouragement over thè past year. Page 4
KINGDOM CENTRAL Acom an rantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The Church had incom8 totaling £148,656 for th8 12 months to 31sl March 2024, this led to a profit being achieved of £46.009 after incurring costs of £102,647. Unrestrlcted funds." Ideally, the Trustee's would wish lo have in hand an amount equal lo at least six month's regular expenditure as'yree. reseTves, to meet future shortfalls in income or unexpected expense. Thé balance at 31 st March 2024 represents several months of budgeted expenditure for 2024125. De81gnated fund8: There were no deslgnaled funds recelved durlng th8 year. Thi8 report was approved by the Trustees, on 2nd December 2024 and is slgned on Its behalf by.. Fld•ll• Ab•do Tru8te0. .Page 5
KINGDO CENTRAL ite INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGDOM CENTRAL FOR THE YEAR ENEDED 31 MARCH 2024 I report on the financial statements of the company for the year ended 31 March 2024 which are Set oul on pages 7 to 14. This report Is madè solely to the Compan5 Trustees, as a body, in accordance with section 145 of the Charlties Act 2011 and regulations made under section 154 of that Acl. My work has been undertaken so that I might state to Ihe companys Trustees those matters l am requlr8d to stat8 to them in an Indep8ndent examlnerfs report and for no other purpose. To the fullest extent permSlted by law, I do not accept or assume responsibillty to anyonè other than the company and the company's Trustees as a body, for my work or for thls report. Re8pectlv• R•8pon•lbllltles of Trust0•8 and ex3mln•r The charitys trustees ar8 r8sponsibl• for the preparation of tho accounts. The charsty's trustees conslder that an audit Is not required for this year under section 144{2) of the Ch8rlties Act 2011 {th8 Charities Act) and that an independent examir*ation is needed. Having satisfied myself that the company is not subject to audit undgr charity or company law and Is eliglble for Indepondenl oxamination. It Is my re8pon8iblllty to.. examlne the flnanclal statements under secuon 145 of the Act.. follow the procedures laid down in the general Directions given by the Charity Commi$sion under Bectlon 145(51 (b) of the Act: and state whether particular matters have come to my attentlon. Ba819 of Indepènd•nt Examinerf8 Report My examlnation was Carried oul in accordance with the general dlreclions given by the Charity Commlssion. An. examlnation includes a review of the accountlng records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financlal statements, 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 no opinion is glven as to whether the financi81 slalements present a 'true and falr view, and the report is limited to those matters set out in the statement below. Page 6
KINGDOM C an NTRAL edb uarant INDEPENDENT EXAMINER'S REPORT Icontinuod) FOR THE YEAR ENEDED 31,MARCH 2024 Independent Examlnèrfs Staltment In connecb'on with my examlnatlon. no matter has come lo my attentlon.. (1) 'Which gives me reasonable cause lo believe that in any material respect the requirements: to keep accounting records In accordance with section 386 of the Companies Act 2006., and to pr8pare financial stalemenls which accord with the accounting records and comply with the accounting requirements of section 396 of the Compani8s Act 2006 and with the methods and principles of the Statement of Recommended Pracllce.. Accounting and Reporting by Charlties have not been met., or (2) to which, in my opinion, attention should be drawn in order lo ehabl8 a proper understandlng of the financial statements to be reached. Signed.. PL é Dated: ow* Phlllp 8urn•ll FCCA Spark Chartered Certlfied , Accountants 10 Wren8 Court 48 Vlctoria Road Sutton Coldfl•ld 872 1SY Page 7
KINGDOM CENTRAL Acom an limited b uarantee STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expènditure kcount FOR THE YEAR ENEDED 31 MARCH 2024 Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Note Incomlng resou09 Incoming resourGes from generated funds.. Voluntary Incoma 148,656 148.656 114.298 Actlvltes for generating lunds Total Incomlng r•8ources 148.656 148.656 114,298 Resources expended Costs of generating funds: Charitable activitiès 100,046 100,046 119,078 Governance cost8 2,601 2,601 2,990 Total resources expond•d 102,647 102,647 122,068 Movement In total funds for the year. N•t Incomel{expendlturel for the yoar 46,009 "46,009 (7,770) Total funds at 1 Aprll 2023 97,732 97,732 105,502 Total funds at 31 March 2024 143,741 143,741 97,732 The notes on pages 9 to 15 fomi part of these financlal statements. Page 8
KINGDOM CENTRAL Acom an Ilmlted b uarantee BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not Fixed A•8•t8 Tangible assets 11,300 11,784 Current assets Debtors Cash at bank and In hand 7,939 124,760 8,206. 79,393 132,698 ..87,599 Credltor•: amounts falling due wlthln one year 10 (257) (1,651) Not current Ilabllltl•$ 132,441 85,948. Net a••et• 143.741 97,732 Charlty funds Unrestricted funds 13 143,741 97,732 Tolal fund• 143.741 97,732 The Trustees consider that the company is entled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 20061 the Act") and members have not required the company to obtain an audit for the year in question In accordance with seclion 476 of the Act. The Trustees acknowledge their responsibilities for complying W1h the requirements of the Companies Act 2006 with respect lo accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2024, and of its net resour.ces expended for the year in accordance with the requirements of sections 394 and 395 of the Act, and which otherwise comply wlth the requirements of the Companies Act 2006 relgtlng to financial statements, so far as applicable to the company. The financial ststements 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 UK and Republic of Ireland {FRS 102) (effective 1 January 2015>, Charities SORP {FRS 102), the financlal Standard applicable in the UK and Republic of Ireland (FRS 102) and Companies Act 2006. The financial tatements were approved by the Trustees on 2nd December 2024 and signed on their behalf b, Fidel Trustee The notes on pages 9 to 15 form part of these financial statements. Page 9
KINGDOM CENTRAL Acom 1Smlted b uarantee NOTES TO THE FINANCIAL STATEMENTS . FOR THE YEAR ENDED 31.MARCH 2024 countlng Pollcles 1.1 Basls of preparatlon of flnanclal statement8 The financlal statements have been ppared in accordance wrth Accountlng and Reportlng by Charitl8s'. Statement of Recomrnended Practic8 applicable to charit188 preparing their 8ccounls in accordance with the Financial Reporting Standard appllcable in UK and Republic of Ireland (FRS 102) (effective 1 January 2015), Charities SORP (FRS 102), th8 financial Standard applicable in the UK and Republlc of Ireland (FRS 102) 8nd Companles Act 2006. 1.2 Fund accountlng General funds are unrestricted fun(Js whlch are avallable for use at the dlscretion of the Trustees in furtherance of the general objectives of the company and which have not been deslgn8ted for other purposes. Designated funds comprlse unrestrtcted funds that have been set aslde by the Trustees for particular purposes.. The aim and use of each designated fund is set out in the notes to the financlal stalements. Restricted funds are funds which are to be used in accordance wilh specific restrictions imposed by donors or whlch have been raised by the company for particular purposes. The costs of ralsing and adrnlnistering such ftjnds are charged against the specific fund. The aim and use of each restricted fund Is set out In the notes to the flnanclal statement8. 1.3 Incornlng rnSOu0S All incoming resources are included in the Staternent of Financial Actlvltles when the company has entitlement to the funds, certainty of receipt and the amount Can be measured with sufficient reliability. Income tax recoverable in relation to donations rèceived under Gift Aid or deeds of covenant Is recognised at the time of the donatlon. 1.4 Resources expended Expendlture Is accounted for on an accruals basis and has been included under expense .categories that aggregate all costs for allocalion to activities. Where costs cannot be directly attributed to particular activlties théy have been allocated on a basis conslstent with the use of the resources. Fundraising costs are those incurred in seeking volunlary contributlons and do not Include the osts of disseminating information in support of. the charitable activities. Support costs are those costs incurred directly in support of expenditure on'the objects of the company and include project management. Governance costs are those incurred in. connection with administration of the company and compliance with constitutlonal and statutory requirernents. Page 10.
KINGDOM CENTRAL com Ilmlted b uarantèe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng Pollcles (contlnued) 1.5 Tanglble fixed assets and depreclatlon Tangible fixed assets are ststed at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets. less their estimated residual value, over Iheir expected useful Ilves on the following bases.. Fixtures and fittings Computer equipment 150/0 reducing balance 33 /0 straight line Voluntary Incomo Unr•$trlcted funds 2024 Total fund8 2023 Donatlons and legacles Gift aid 131,482 17,174 93,957 20,340 Voluntary income 148,656 114,298 Dlrect C08ts Total funds 2024 Total funds 2023 Wages and salaries Social security costs Marketing and advertising Charitable donations Events Guest honorarium National forum Musical cost . 33,507 818 250 2.010 2,617 1,129 45,669 1,058 1,080 1,434 2,396 1,484 I I 9,073 6,994 7,053 7,542 56.398 67,715 Page11
KINGDOM CENTRAL com an Ilmited b uara NOTES TO THE FINANCIAL STATEM.ENTS FOR THE YEAR ENDED 31 MARCH 2024 Support costs Totsl funds 2024 Total funds 2023 Prlntlng, postage and statlonery Repairs and maintenance Insurance, IT sofhvare and consumables Light and heat Telecon)munications Travel Depreciation Admin support Cleaning General expenses Rent and rates Subscriptions 574 5,276 576 406 17,972 1.646 2,038 2,290 855 1.296 1,602 16,797 35 1.737 589 210 11,270 1,302 2,281 4,347 2,450 2.221 1,154 14.617 627 43,648 51.362 Govornance costs Unrestricted ' funds 2024 Total funds 2023" AccountsnGy Bank charges 2,442 159 ' 2,520 278 2,601 2,798 Page 12
KINGDOM CENTRAL. Acom an limited b uarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Net Income This is stated after charging.. 2024 2023 Depreclation of tangible fixed assets: Owned by the charity Independent.examinerfs fee 4,347 2.442 2,290 2,520 6,789 4,810 Staff costs 2024 2023 Staff costs wer8 as follows.. Wages and salaries Social security costs 33,507 818 45,669 1,058 34.325 46.727 The average monthly number of employees during the year was as follows,. 2024 2023 .Page 13
KINGDOM CENTRAL Acom an Ilmlted rant•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Taxatlon The company is exempt from corporation tsx on its charftable actlvities. Debtors 2024 2023 Gift ald recoverabl& Other debtors 4,294 3,645 7,838 369 7.939 8.206 10. Credltors: Amoun18 falllng du• wlthln on• year 2024 2023 Trade creditors Social Security and other taxes 1.092 559 257 257 1,651 11. Tanglble flxed asset6 Flxtur•• & Compuler flttlngs •qulpm•nt Total Cost As at 1 Aprll'2023 Addillons 14,141 1,416 14,888 2,450 29,028 3,865 As at 31 March 2024 15.556 17.,338 32,894 Depreciation As at 1 April 2023 Charge for the year 9.618. 728. 7.829 3,620 17,246 4.347 As at 31 March 2024 10,34S 11.248 21.594 Nel book value As at 31 March 2024 5,211 6,089 11,300 As at 31 March 2023 4.523 7,259 11,782 Page 14
KINGDOM CENTRAL Acom limited b uarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Statement of funds, Brought forward Incoming resources R•8ources expended Carried forward Unrestrlcted funds General funds 97,732 148,656 102.647 143.741 Totsl of funds 97,732 148,656 102,647 143,741 13. Analysls of nat a880ts belw•en funds Unrestrlcted funds 2024 Total funds 2024 Total lund8 2023 Tanglble assets Current assets Creditcirs due within one year 11,300 132.698 (257) 11,300 132.698 1257) 11,784 87.599 {1,651) 143,741 143,741 97,732 Page 15