REGisfERED COMPAI4Y NUMBER: 09080071 (England and Wales) REGISTERED CHARITY NUMBER: 1158063 Unaudlted Ftnandal Staterne orth Y rEn KICC P ernacle
Ktcc Praise TabernAcle Contents of the Flnancial Statemen fortheyear Ended 30th June 2025 Page Report of the Trnstees Independent Examlnerfs Report ststement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 7 Ta 12 DetsSled Ststement of Ftnanclal Actmtles 13 To 14
Praise Tabernacle Re ort fth Tr orthe Year Ended 30thJune 202 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their ieport with the financial statements of the charity for the Year Ended 30th June 2025. The trustees have adopted the provisions of Accountln8 and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland {FRS 1021 (effective l January 20191. OBJECTIVES AND AcfiviTIES Oblectlves and alms Objertives and aims The main objert for which the Charity is established is the advancement of the Christian religion.The other objects are l. Forthe benefit of the public. 2. The furtherance of the charitable work of the church by the advancement of such other charitable purposes as thetrustees shall from time to time decide Significant actlvltles l. Food donation to food banks in the Bristol environment. 2. Distributed Christmas hampers to the needy partnering within Bristol and Bath partnering wlth the Bristol City council 3. We held an offsite 1st Mary's Redcliffe schooll Easter revision support program for our children using professional teachers and our university students and capped it with a career pre5entstlon. This also included a practical Engineering session held and anchored by the Universlty of West of England for 3-day period in April 2025. 4. The Royals hosted Open Mic Day for students and other Sn person events for young adults. 5. We moved place of service to St Mary's Redcllffe School in the summer afterour former rented building was sold. However, in September 2024, we moved to Emmanuel Church in the centre. 6. We eventually bought our own property-The former Methodist church at 5 Summerhill BS5 8LB. The property is currently undergoing refurbishment. 7. We commenced a young adult'5 church meetin8 in person blweekly and onllne also bl-weekly. This has given the young adult a space of their own and they are thrivlng. We also held a Pastorfs Day meeting with the young adulvs church with a no barred questlon and answer sesslon as a counselling and wellness activity with the young adults. 8. We held validatory servios for about 10 ofourstudentswho completed their degrees with 8 day out with all the young adult church members. 9. The women held a health discussions day, and Zumb3 session anchored by a medical doctor who Is also a member of the church. We are making this a quarterly pro8ramme for the women to ald a healthy Ilfestyle. 10. We now have a wellness team that produces short vldeos every month which is screened as a part of the church servlce. Thls is malnly focused on healthy lifestyle tips. 11. We were able to provide welfare support for those in need In our local community and took part in sorne community events in conjunctlon with other charities Publlc beneflt The charity benefits the public by providing services such as counselling to families, students, bereaved persons, those infinancial difficulties. prayer suppor( men and women meetings and events for everyone In the community. We a150 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 communlty and we provided housing support for homeless Individual in this year ACHIEVEMENT AND PERFORMANCE Charitable actlvltles The charlty undertakes regular SeiCe5 on Wednesday and Sunday meetings and counselling sessions in groups and to individuals, We also regularly hold student welfare se$5ion and provide food and other supplles to local students. Fundraising actlvltles Incomlng resources were mainly from tithe5, offerings and building donations received during the year ofoperation. Page I
KICC Praise Ta ort of the Trustees for the Year Ended 30th June 2025 FINANCIAL REVIEW Flnanclal position The charity recorded an opefatin8 surplus of £129,(104 {£41,763 in 20241 Reserve5 pollcy The charity aims to retain sufficient reserves to ensure it Meets its commitments to providing its sef¥lces and activlties. These reserves are designed to cover a minimum of £SO.000. The designated reserve In this period was the building donations. FUTURE PLANS The charity plans to conduct yearly retreats (weekend away days) for the church e5F•allY volunteers for trainlng and spiritual development. The charity plans to provlde finanaal support to other charitles dedicated to the eradication of poverty In the UK and Afrlca. The charlty plans to expand cornmunrty support Inltlative around the Summerhill area and con51derln8 servlces to the elderly wlthln the communlty to help them wlth basic SeCeS and also be a source of referral for them where they need a befrlendlng contact. We plan to Improve the coverage of our mentorln8 pro8ramme In the comlng year. In addltlon we are plannln8 on supportlng chlldren educatlon In Afrlca and Jamaka. We are at the Initial plannlng phase. We a150 plan to provlde monthly support to the homeless charlty In the city to a551st wlth thelr work In the community. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing documenL a deed of trust, and constltutes a limited company, Ilmlted bv guarantee, as defined by the Companies Act 2(M)6. The charlty Is controlled by Its governin8 document the Memorandum and Artkles of Assoclatlon Incorporated 10 June 2014 and constltutes a limited company Ilmited by guarantee. as defined by the Companle5 Act 2006, Recruhment and appolntment of new Irustees The dlrertor5 of the company are also Charlty Trustees for the purposes of charlty law. Under the fequlrernents of the Memorandum and Article of Association, the Trustees are elerted to serve under a fixed temi and can be re-elected. Organlsatlonal structure The charity was reglstered on 30 July 2014 and started operatlons In May 2016. The governance of the Charlty ts maintained by the 3 trustees while the Resident Pastor deals with Pastoral and other related matters. The trustees hold board meetings and additlonal meetin8s when required. The charity is sUPPOrted by over 35 volunteers who work on avera8e 4 hours everyweek. Ifthe mlnlrnurn wage for a8e 21 and over is applied to thls the cash value to the charity of the volunteer force in a full year could be over £88,889. Without the support of these volunteer the charfty would not have been able to meet its aims and objectives effectlvely. Indurtlon and tralnlng 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 tralnlng and are encouraged to attend tralnlng seminars provided by external or8anisations. Page 2
Kl Prdise Tabe the Truste Year Ended 30th June 2025 acle for REFERENCE AND ADMINISTrATIVE DETAILS Re8lstered Company number 09080071 (England and Wales) Reglstered Charlty number 1158063 Re8lstered offl¢e Kln8sway Internatlonal Chrlstian Centre Prayer CSty, Buckmore Park Maidstone Road Chatham Kent ME5 9QG Trustees M K Faleblta R TKut C R Clarke Approved by arder of the board of trustees on ............,...... R T Kut- Trustee Page 3
I report to the charity tnst&s on my examlnation of the accounts of the Qjmpany forthe Year Ended 30thJuM 2025. Responslbllhles and basls ot rwt As the charftvs trustees of the Company land also Its dlrectors for the purposes of company law) you are responslble forthe preparation of the accounts in accordanWIth the requirements of the Companles Act2006 {'the 2006Act'). Havlftg sat7sftd myselfthat the accounts of the Company are not Uired to be audited under Part 16 of the 2006 Act and are eli8ible for independent examination. I report in respertof my examination of your charit¢s attounts as carried under Sectlon 145 of the CharStles Art 2011 2011 ACV). In carrylftg (xrt my examlnatlon I have followed the Directions glven bythe Charity Commission undersection 14515) (b) ofthe 2011AcL I have cornpleted my eaamlnatlon. I corrflm) that no matters have corne to my attentlon In connectlon wlth the examlnatlon 8lvln8 me ¢se to beliew. accounlin8 rewnts were kept kn rewt of the Company as requ*ed by Sectlon 386 of th 2006 A¢. or the accounts do not accord with those recontr. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts glve a and falr VI whkh Is not a matter consldered a5 part of an independentexamination: or the accounts have not beert prepared in accordance wlth the methots principles of the Ststement of Recommended Practkeforaccounllng and reportlng bycharlUe5 lappllcableto tharltles preparln8 theiraccounts in accordancewith the Flnaftci Reportin8Stsndanl applicable in the UKand Republlc of Ireland {FRS 10211. I have noconcems and have come across no other mattets In connectlon with the examlnatlon towhlth attentlon should be drawn Inthls report in ordertoenable a proper undwstandlng of the accountsto be reathed. Joyce Mensah Pa8e4
KICC Prdise TarnaCle Statement of Financial Activities f the Year En d 30th June 2025 30.6.25 Unrestricted funds 30.6.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 172.434 125,991 Investment income Other income 5,618 80,000 2,750 3.723 Total 258,052 132.464 EXPENDITURE ON Charltable artlvltles Charltable Actlvlties Support & Adminlstration 55,320 46.066 46,926 34,619 Other 27,662 9.156 Total 129,048 90,701 NET INCOME 129.1x14 41,763 RECONCILIATION OF FUNDS Total funds brought for*ard 190.914 149,151 TOTAL FUNDS CARRIED FORWARD 319,918 190,914 Thc no1 forni kwrt of these fmancial siaLem¢nls Page 5
KICC Prdi5c T lune 202 30 6.25 Lknresft•j fund5 30.6.24 Total FfxEO A55ETS a55ets 666.539 5.527 CURNENT Assm Debtor5 Ca5hai bank 5.320 183.105 56.657 723.9S6 194,252 CREDITORS Amounts fallinidL mort th one ye1 138.2941 13.3381 TOTAIASSET5 iES5 CVRREWT LV4•lllTIES 685.662 190.914 CREDITOR5 Amounis lillini du¢ moit ih4Tr on• •r io 1365.7441 NET ASSETS 319.918 190.914 FUIIDS vnie5tyit1 lunds li 319.918 190,914 TOTAI FUIIOS 319.918 1gJ.914 The ¢hariiable eniiu¢d ¢0 ¢xemMw liom avdll undv Serin 477 olthe Comwnle5 kt Z006 lor Iheyear Ethdtd 301h June 2025. membery hawe•ot requlted the to obtain audit ol its fiNthti•l st•iemethts they1 Ethded 301hJune 2025 In•ttorthDte th Settlon 476oltht CompnitsLt2(b)6. The Tfu51ee5 ¥knThlee ih•i re5WXbslb'lilie5 Iry ensuvinB that Ihe thaistalle cofflpany kÈop5 •Ct•untin8 ietard5 that cornp 4wlh Seclhins 386 and 38? of the Companies Aci 2006 and piepawirRtinan¢ial staiemehts thith Èivea irue•ndfairviewolthestaièol•llairs ol Ihecharitablecompany •$ t the eTrd of each financ1 year and ol its suiplus or defKit lor earh financial year in accordance vthth Ihe reqtslrementsoistttS 394 •)d 395and whKh othewsecomth tthe requwemethis of Ihe Companles kt I{rela1n&t0 Iinancial staiements. sofar asapplKèbletothe¢hatiiablefompanv. These fthcial 5talement5 have been weplved in xcordnce the pro¥i5ipns applrable to Clitable companle5 subc¢to Ihe small trthpan* rrylme. Thefinancial staiements wveappro¥•l byihe Boiid ofTiusiee5 1ndahI5eII lor15syeon $18ned on ils behallby". d were K Falets'ts- Trtsiee P•Bt6
C Prdise Tabernacle e Financial Statement f r the Year Ended 30th June ACCOUNTING POLICIES Basls of preparlng the flnandal statements The financlal statements of the charitable company. which is a publlc benefit entlty under FRS 102, have been prepared In accordance with the CharStle5 SORP {FRS 1021 'Accounting and Reporting by Charltles: Statement of Recommended Practlce applicable to charltles preparlng thelr accounts In accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191,, Flnanclal Reportlng Standard 102 The FlnantSal Reporting Standard applicable In the UK and Republlc of Ireland, and the Companles Act 2006. The financial statements have been prepared under the hlstor1¢31 cost conventlon. Income All Income Is recognlsed In the Statement of Flnanclal Actlvltles once the charlty has entltlement to the funds, Itls probable that the Income wlll be recelved and the amount Can be measured relSably. Expendlture Llabllitles are recognised as expendlture as soon as there Is a legal or constructlve obll8atlon commlttlng the charlty to that expenditure. It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obligation can be measured rellably. Expendlture Is accounted for on an accruals basls and has been classlfled under headSnBS that aggregate all cost related to the category. Where costs cannot be dSrectly attrlbuted to partlcular headings they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Tangible flxed assets Depreclatlon is provlded at the followlng annual rates in order to wrlte off each asset over Its estimated useful Ilfe. Fixtures and flttlngs Motorvehlcles Computer equipment 25% on cost 25% on cost 33% on cost Taxatlon The charlty Is exempt from corporat5on tax on Its charltable activitles. Fund accountln8 Unrestricted funds can be used In accordance wlth the charitable objectlves at the dlscretion of the Irustees. Restrlcted funds can only be used for partlcular restrltted purposes wlthln the objects of the charlty. Restrlrtlons arlse when speclfied by the donor or when funds are ralsed for partlcular restricted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the financlal statements. Hlre purthase and leasin# commltmènts Rentals pald under operatlng leases are charged to the Statement of Financial Activities on a stral8ht Ilne basls over the perlod of the lease. Penslon costs and other post-retlrement beneflts The charitable company operates a deflned contribution penslon scheme. Contributlons payable to the charitable company's pension schemÈ are charged to the Statement of Flnanclal Actlvltles In the period to which they relate. Page 7 continued...
bemacle Notes t the Financial Sthtements - for tlie Year Ended 30 June 2025 .k INVESTMENT INCOME 30.6.25 30.6.24 DeposSt account Interest 5,618 2,750 NET INCOMEIIEXPENDITURE) Net incomellexpenditurel is stated after tharglnBI(creditrn81: 30.6.25 30.6.24 Depreciation - owned assets Other operatin8 leases Surplus on disposal of fixed assets 8,043 9,156 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the Year Ended 30th June 2025 nor for the year ended 30th June 2024. Tste, expenses There were no trustees. expenses paid for the Year Ended 30th June 2025 niy for the year ended 30 June 2024. STAFF COSTS The avera8e monthly number of employees durin8 the year was as follows: 30.6.2 30.6.24 Pastoral and Charltable Artlwty No employees recelved emoluments In excess of £60,000. COMPARATJVES FOR THE STATEMEKf OF FINANaAL AcnvmES Unrestrlcted Funds INCOME AND ENDOWMENTS FROM Donations and ledacies 125,991 Investment income 2,750 Surplus on dlsposal of fixed assets 3,723 Total 132.464 EXPENDITURE ON Charltable actfvltles Charitable Activities 81,545 Other 9.156 Total 90,701 NET INCOME 41,763 continued... Page 8
Pra ol to the Financial Statements - for tl)e Year Ended 30 June 2025 ntinued COMPARATIVES FOR THE STATEMENT OF HNANCIAL ACTIVITIES . continued Unrestrlcted funds RECONCILIATION OF FUNDS Total funds brought fonvard 149,151 TOTAL FUNDS CARRIED FORWARD 190,914 TANGIBLE FIXEO ASSETS Flxtures and flttln8S Propertv Motor vehlcles Computer equlpment Totals COST At l July 2024 Addltlons 34,866 20,252 9,600 1,785 46,251 669,055 648,803 At 30June 2025 648.803 55,118 9,600 1,785 715,306 DEPRECIATION At l July 2024 Charge for year 29,791 7,604 9,6iJO 1,333 439 40.724 8,043 At 30June 2025 37,395 9,600 1,772 48,767 NET BOOK VALUE At 30June 2025 648,803 17,723 13 666,539 At 30June 2024 5,075 452 5.527 DEBTORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 30.6.25 30.6.24 otherdebtors 760 5,320 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.25 30.6.24 Social security and other taxes Bank loan Other creditors Accrued expenses 849 36,948 197 300 2,189 300 38,294 3,338 Pagc 9 continued..
rnise Tabe Noies to the Financial Statemen for the Year Ended 30 June 2025 io. CREDITORS: AMOUNTS FALUNG DUÉ MORE THAN ONE YEAR 30.6.25 30.6.24 Bank loan 365,744 365,744 ii. MOVEMENT IN FUNDS Net movement In funds At 30.6.25 At 1.7.24 Unrestrlrted fund5 General fund Deslgnated Funds 187,094 3.820 129,004 316,098 3,820 190,914 129.004 319,918 TOTAL FUNDS 190.914 129,004 319,918 Net movement In funds. Induded In the abo are as follows: Incomln8 resources Resource5 expended Movement in funds Unrestrlcted funds General fund 258,052 1129.0481 129,04 TOTAL FUNDS 258,052 1129,0481 129.004 Comparatlves for movement In fvrrtls Net movement In funds At 30.6.24 Atl.7.23 Unrestrlcted fvnds General fund Oesignated FurK15 145,331 3,820 41,763 187,094 3,820 149,151 41,763 190,914 TOTAL FUNDS 149,151 41,763 190,914 Pagc 10 continued...
KICC Praise Taberna le nan for Ilic Year Ended 3 eme June 2025 ii. MOVEMENT IN FUND5- contlnued Comparative net movement in funds, included In the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlrted funds General fund 132,464 {90,7011 41,763 132,464 190,7011 41,763 TOTAL FUNDS 132,464 190,7011 34,821 A current year 12 months and prlor year 12 rnonths comblned posltlon Is as follows: Net Movement In funds At 30.6.25 At 1.7.23 Unrestrlcted funds General fund Designated Funds 145,331 3,820 170,767 316,098 3,820 149,151 170,767 319,918 TOTAL FUNDS 149,151 170,767 319.918 A current year 12 months and prlor year 12 months comblned net movement ID funds, Included In the above area5 follows: Incomln8 resources Resources expended Movement In funds Unrestrlrted funds General fund Designated Funds 390,516 1219,7491 170,767 390,S16 1219,7491 170,767 TOTAL FUNDS 390,516 1219,7491 170,767 PJg¢ll continued...
Not t the Financial Ststements - for the Year Ended 30 June 2025 11 RELATED PARTY DISCLOSURES There were no related party transactions for the Year Ended 30th June 2025. Page 12
KICC Praise Tabernacle cial Activities ear Ended 30 Jun 30.6.25 30.6.24 INCOME AND ENDOWMENTS Donations and le8ades Donations Giftaid Building Donatlons 135.647 19,941 16.845 106,SOS 19.066 420 172,434 125,991 Investment Income Oeposit account interest 5,618 2,750 Other Income Sundry Income 80,000 3,723 Tolal Incomln8 resources 2S8,052 132,464 EXPENDITURE Charltable artlvftles Other operatlng leases Ll8ht and heat Rent & Rates Church Ministry. honorarta Evangellsm Church Ministry- hospltality Motor Expenses Training Church Minlstry- Welfare 2,814 12,988 2,350 21.916 720 215 536 1,750 32.822 144 1,540 1,352 42,328 36,819 Other Bank loan interest Depreciation: Fixtures and ftttlngs Depreciation: Computer equipment 19,619 7,604 439 8,716 440 27,662 9,156 Support costs Management Wa8es Penslons Insurance Repalrs Postage and stationery Travelling & Transport costs 40,0(K) 1,013 31,000 743 557 354 1,520 3,179 1,341 978 46,066 34,619 Flnance Bank charges This page dots not fom part of the SthiulY fiThw*ial slalements Page 13
Detaile Statement of Financial A¢tiviti for the Year En 30 Jun 30.6.25 30.6.24 Flnance Governance costs rithe to KICC National Forum Professlonal fees Accountancy and legal fees 10,610 2,050 332 9,807 300 12,992 10,107 Total resources expended 129,048 90,701 Net Income 129,004 41,763 This page does not forni part of thc slotutory financial statements Page 14