**REGISTERED COMPANY NUMBER: 09080071 (England and Wales) REGISTERED CHARITY NUMBER: 1158063**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2023
for
KICC Praise Tabernacle
KICC Praise Tabernacle
## Contents of the Financial Statements for the Year Ended 30 June 2023
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|3|
|Independent Examiner's Report||4||
|Statement of Financial Activities||5||
|Balance Sheet||6||
|Notes to the Financial Statements|7|to|12|
|Detailed Statement of Financial Activities|13|to|14|
KICC Praise Tabernacle
for the Year Ended 30 June 2023
## Report of the Trustees
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 30 June 2023. 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 (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
Objectives and aims
The main object for which the Charity is established is the advancement of the Christian religion. The other objects are
1. For the benefit of the public.
2. The furtherance of the charitable work of the church by the advancement of such other charitable purposes as the trustees shall from time to time decide
## **Significant activities**
1. Food donation to food banks in the Bristol environment
2. Distributed Christmas hampers to the needy partnering within Bristol and Bath partnering with the Bristol City council 3. We were able to provide welfare support for those in need in our local community and took part in some community events in conjunction with other charities.
4. We held a mentoring programme for 50 University Students in local universities with presenters from NHS, Business and Banking professionals, Engineering professionals to name a few.
5. Celebrated Father's Day and Mother's Day by hosting events for the local community with food and presents for attendees.
6. The Royals hosted Open Mic Day for students and other in person events for young adults.
## **Public benefit**
The charity benefits the public by providing services such as counselling to families, students, bereaved persons, those in financial difficulties, prayer support, men and women meetings and events for everyone in the community. We also fund the provision of food items regularly to local food banks for distribution as well as our Christmas hampers which are given to members of the local community and we provided housing support for homeless individual in this year
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity undertakes regular services on Wednesday and Sunday meetings and counselling sessions in groups and to individuals, We also regularly hold student welfare session and provide food and other supplies to local students.
## **Fundraising activities**
Incoming resources were mainly from tithes, offerings and building donations received during the year of operation.
## **FINANCIAL REVIEW**
## **Financial position**
The charity recorded an operating surplus of £34,821 (£24,345 in 2022).
## **Reserves policy**
The charity aims to retain sufficient reserves to ensure it meets its commitments to providing its services and activities.These reserves are designed to cover a minimum of £25,000.
The designated reserve in this period was the building donations.
Page 1
KICC Praise Tabernacle
for the Year Ended 30 June 2023
## Report of the Trustees
## **FUTURE PLANS**
The charity plans to conduct yearly retreats (weekend away days) for the church especially volunteers for training and spiritual development.
The charity plans to provide financial support to other charities dedicated to the eradication of poverty in the UK and Africa.
The charity plans to expand community support Initiative around St. Werburghs especially for the elderly in the local community to help them with basic services and also be a source of referral for them where they need a befriending contact.
We are looking to secure a permanent building for the charity to continue and enhance the community work we undertake.
We plan to commence in church dedicated young adults services.
We plan to improve the coverage of our mentoring programme in the coming year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is controlled by its governing document the Memorandum and Articles of Association incorporated 10 June 2014 and constitutes a limited company limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The directors of the company are also Charity Trustees for the purposes of charity law. Under the requirements of the Memorandum and Article of Association, the Trustees are elected to serve under a fixed term and can be re-elected.
## **Organisational structure**
The charity was registered on 30 July 2014 and started operations in May 2016. The governance of the Charity is maintained by the 3 trustees while the Resident Pastor deals with Pastoral and other related matters. The trustees hold board meetings and additional meetings when required.
The charity is supported by over 22 volunteers who work on average 4 hours every week. If minimum wage is applied to this the cash value to the charity of the volunteer force in a full year could be over £47,224. Without the support of these volunteer the charity would not have been able to meet its aims and objectives effectively.
## **Induction and training of new trustees**
The trustees are familiar with the workings of the church and the charity draws from long-standing church members and Christians from other denominations that have a skill-set to offer. New trustees are encouraged to attend a series of short training and are encouraged to attend training seminars provided by external organisations.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
09080071 (England and Wales)
## **Registered Charity number**
1158063
## **Registered office**
Kingsway International Christian Centre Prayer City, Buckmore Park Maidstone Road Chatham Kent ME5 9QG
Page 2
KICC Praise Tabernacle
## Report of the Trustees
## for the Year Ended 30 June 2023
## **Trustees**
M K Falebita R T Kut C R Clarke
Approved by order of the board of trustees on 11 February 2024 and signed on its behalf by:
R T Kut - Trustee
Page 3
Independent Examiner's Report to the Trustees of KICC Praise Tabernacle
## **Independent examiner's report to the trustees of KICC Praise Tabernacle ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Joyce Mensah
Date: .............................................
Page 4
KICC Praise Tabernacle
## Statement of Financial Activities for the Year Ended 30 June 2023
|30.6.23
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
107,583
Investment income
2
692
Other income
2,450
**Total**
110,725
**EXPENDITURE ON**
**Charitable activities**
Charitable Activities
46,902
Support & Administration
20,860
Other
8,142
**Total**
75,904
**NET INCOME**
34,821
**RECONCILIATION OF FUNDS**
Total funds brought forward
114,330
**TOTAL FUNDS CARRIED FORWARD**
149,151|30.6.22
Total
funds
£
79,308
29
-|
|---|---|
||79,337|
||47,796
-
7,196|
||54,992|
||24,345
89,985|
||114,330|
The notes form part of these financial statements
Page 5
KICC Praise Tabernacle
## Balance Sheet 30 June 2023
|30.6.23
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
7
10,628
**CURRENT ASSETS**
Debtors
8
9,500
Cash at bank
131,024
140,524
**CREDITORS**
Amounts falling due within one year
9
(2,001)
**NET CURRENT ASSETS**
138,523
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
149,151
**NET ASSETS**
149,151
**FUNDS**
10
Unrestricted funds
149,151
**TOTAL FUNDS**
149,151|30.6.22
Total
funds
£
15,415
-
99,965
99,965
(1,050)
98,915
114,330
114,330
114,330
114,330|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 11 February 2024 and were signed on its behalf by:
M K Falebita - Trustee
The notes form part of these financial statements
Page 6
KICC Praise Tabernacle
Notes to the Financial Statements for the Year Ended 30 June 2023
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost Computer equipment - 33% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
KICC Praise Tabernacle
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
## **2. INVESTMENT INCOME**
||30.6.23|30.6.22|
|---|---|---|
||£|£|
|Deposit account interest|692|29|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||30.6.23|30.6.22|
||£|£|
|Depreciation - owned assets|8,142|7,196|
|Other operating leases|13,919|10,745|
|Surplus on disposal of fixed assets|(2,450)|-|
## **3. NET INCOME/(EXPENDITURE)**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Pastoral and Charitable Activity
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable Activities
Other
**Total**
**NET INCOME**|30.6.23
30.6.22
1
1
Unrestricted
funds
£
79,308
29
79,337
47,796
7,196
54,992
24,345|30.6.23
30.6.22
1
1
Unrestricted
funds
£
79,308
29
79,337
47,796
7,196
54,992
24,345|
|---|---|---|
|||79,337|
|||47,796
7,196|
|||54,992|
|||24,345|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 8
KICC Praise Tabernacle
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 July 2022
Additions
At 30 June 2023
**DEPRECIATION**
At 1 July 2022
Charge for year
At 30 June 2023
**NET BOOK VALUE**
At 30 June 2023
At 30 June 2022
**8.**
**DEBTORS: AMOUNTS FALLING DUE AFTER**
Other debtors|Unrestricted
funds
£
89,985
114,330
Fixtures
and
Motor
Computer
fittings
vehicles
equipment
Totals
£
£
£
£
28,786
9,600
455
38,841
2,025
-
1,330
3,355
30,811
9,600
1,785
42,196
13,372
9,600
454
23,426
7,703
-
439
8,142
21,075
9,600
893
31,568
9,736
-
892
10,628
15,414
-
1
15,415
**MORE THAN ONE YEAR**
30.6.23
30.6.22
£
£
9,500
-|
|---|---|
continued...
Page 9
KICC Praise Tabernacle
## Notes to the Financial Statements - continued for the Year Ended 30 June 2023
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Social security and other taxes
Other creditors
Accrued expenses
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Designated Funds
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Designated Funds
**TOTAL FUNDS**|At 1.7.22
£
110,510
3,820
114,330
114,330
Incoming
resources
£
110,725
110,725
At 1.7.21
£
89,005
980
89,985
89,985|30.6.23
30.6.22
£
£
408
-
1,293
750
300
300
2,001
1,050
Net
movement
At
in funds
30.6.23
£
£
34,821
145,331
-
3,820
34,821
149,151
34,821
149,151
Resources
Movement
expended
in funds
£
£
(75,904)
34,821
(75,904)
34,821
Net
movement
At
in funds
30.6.22
£
£
21,505
110,510
2,840
3,820
24,345
114,330
24,345
114,330|
|---|---|---|
continued...
Page 10
KICC Praise Tabernacle
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
## **10. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|76,497|(54,992)|21,505|
|Designated Funds|2,840|-|2,840|
||79,337|(54,992)|24,345|
|**TOTAL FUNDS**|79,337|(54,992)|24,345|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Funds
**TOTAL FUNDS**|At 1.7.21
£
89,005
980
89,985
89,985|Net
movement
in funds
£
56,326
2,840
59,166
59,166|At
30.6.23
£
145,331
3,820|
|---|---|---|---|
||||149,151|
||||149,151|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated Funds
**TOTAL FUNDS**|Incoming
resources
£
187,222
2,840
190,062
190,062|Resources
Movement
expended
in funds
£
£
(130,896)
56,326
-
2,840
(130,896)
59,166
(130,896)
59,166|Resources
Movement
expended
in funds
£
£
(130,896)
56,326
-
2,840
(130,896)
59,166
(130,896)
59,166|
|---|---|---|---|
||||59,166|
||||59,166|
continued...
Page 11
KICC Praise Tabernacle
Notes to the Financial Statements - continued for the Year Ended 30 June 2023
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2023.
Page 12
KICC Praise Tabernacle
## Detailed Statement of Financial Activities for the Year Ended 30 June 2023
|Detailed Statement of Financial Activities
for the Year Ended 30 June 2023|||
|---|---|---|
||30.6.23|30.6.22|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|91,083|61,150|
|Gift aid|15,290|15,318|
|Building Donations|1,210|2,840|
||107,583|79,308|
|**Investment income**|||
|Deposit account interest|692|29|
|**Other income**|||
|Gain on sale of tangible fixed assets|2,450|-|
|**Total incoming resources**|110,725|79,337|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Other operating leases|13,919|10,745|
|Light and heat|491|-|
|Church Ministry- honoraria|1,000|950|
|Evangelism|16,699|12,427|
|Church Ministry- hospitality|101|749|
|Motor Expenses|580|1,971|
|Training|700|2,086|
|Church Ministry- Welfare|4,650|1,026|
||38,140|29,954|
|**Other**|||
|Fixtures and fittings|7,703|7,196|
|Computer equipment|439|-|
||8,142|7,196|
|**Support costs**|||
|**Management**|||
|Wages|17,911|9,000|
|Pensions|34|-|
|Insurance|-|975|
|Postage and stationery|1,499|392|
|Travelling & Transport costs|925|1,053|
||20,369|11,420|
|**Finance**|||
|Bank charges|-|149|
This page does not form part of the statutory financial statements
Page 13
KICC Praise Tabernacle
Detailed Statement of Financial Activities for the Year Ended 30 June 2023
|Detailed Statement of Financial Activities
for the Year Ended 30 June 2023|||
|---|---|---|
||30.6.23|30.6.22|
||£|£|
|**Finance**|||
|**Governance costs**|||
|Tithe to KICC National Forum|8,953|5,973|
|Accountancy and legal fees|300|300|
||9,253|6,273|
|Total resources expended|75,904|54,992|
|**Net income**|34,821|24,345|
This page does not form part of the statutory financial statements
Page 14