**REGISTERED CHARITY NUMBER: 1161295 (England and Wales)** Report of the Trustees and Financial Statements for the Year Ended 31 December 2022 For ## **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Contents of the Financial Statements for the Year Ended 31 December 2022 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examination|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 8| |Detailed Statement of Financial Activities|9| ## **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Report of the Trustees for the Year Ended 31 December 2022 The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1161295 ## **Principal address** 192 Varley Street Miles Platting Manchester M40 7EJ ## **Trustees** Pst Akinyele Akinlabi Mrs Temitope Onadeko ## **Bankers** Barclays Bank ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Activities:** The overall objectives of the charity are: The advancement of the Christian religion for the public benefit, in particular but not exclusively, by the mounting of public worship, prayer meetings, Christian teaching and preaching. Page 3 **KINGDOM POWER MINISTREIS INTERNATIONAL (KPMI)** **Report of the Trustees for the year ended 31 December 2022** _____________________________________________________________________________________ ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** ## **Welfare/Evangelism/Prayers:** The activities of the church ran as normal in the year under consideration. Our members engaged physically in all the activities of the church. Although the online platform was still open to those who were unable to come in person to church. We also reached out to families who were facing hardship as a result of the high cost of living ignited by rising inflation and the Russian – Ukrainian crisis. The Ministry successfully organised the 2022 Fresh Oil Annual Retreats/Conference physically at The Hayes Christian centre in Derbyshire; with the online platform opened for those who couldn’t physically attend. (This conference is always open to the public and all who need spiritual growth and intimacy with God). ## **Youth Outreach Programme:** The Youth Conference (Tagged “The Daniels Youth Network”, aimed at reaching the youth of the community and the wider public); held its 2022 edition both physically and online with the highlight being the summer camp which took place at Shropshire. We had over 60 youths in attendance and they very much looked forward to the 2023 edition. The impact of this program had grown far and wide; with many attendees coming from all over the UK . ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 12[th] August, 2023 and signed on its behalf by: Temitope Onadeko - Trustee Page 4 ## Independent Examiner's Report to the Trustees of **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** I report on the accounts for the year ended 31 December 2022 set out on pages four to nine. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. ## **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 accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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. Omowunmi Shitta , FCA Independent Examiner Page 5 ## **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Statement of Financial Activities for the Year Ended 31 December 2022 |||**2022**|2021| |---|---|---|---| |||**Unrestricted**|Total funds| |||**fund**|| ||Notes|**£**|£| |**INCOMING RESOURCES**|||| |**Incoming resources from generated funds**|||| |Voluntary income|2|53,047|45,075| |**RESOURCES EXPENDED**|||| |**Charitable activities**|||| |||30,863|35,545| |Charitable activities|||| |||21,044|16,927| |Support Cost|||| |**Total resources expended**||51,907|52,472| |**NET INCOMING RESOURCES 3**||1,140|(7,397)| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**||(11,235)|(3,838)| |**TOTAL FUNDS CARRIED FORWARD**||(10,095)|(11,235)| ## **CONTINUING OPERATIONS** All incoming resources and resources expended arise from continuing activities. Page 6 **KINGDOM POWER MINISTREIS INTERNATIONAL (KPMI)** Balance Sheet At 31 December 2022 |||**2022**|2021| |---|---|---|---| |||**Total funds**|Total funds| ||Notes|**£**|£| |**FIXED ASSETS**|||| |Tangible assets|6|1|1| |**CURRENT ASSETS**|||| |Cash at bank and in hand||234|2,214| |**CREDITORS**|||| |Amounts falling due within one year||(0)|(0)| |**NET CURRENT ASSETS**||235|2,215| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||235|2,215| |Creditors: Amount falling due after more than a year||(10,330)|(13,450)| |**NET ASSETS**||(10,095)|(11,235)| |**FUNDS**|7||| |**TOTAL FUNDS**||(10,095)|(11,235)| The financial statements were approved by the Board of Trustees on **12th August, 2023** and were signed on its behalf by: Temitope Onadeko -Trustee Page 7 **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Notes to the Financial Statements for the Year Ended 31 December 2022 ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** 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. ## **Allocation and apportionment of costs** ## **Charitable activities** Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs. ## **Governance costs** Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Church Equipment|- 20% on straight line| |---|---| |Office Equipment|- 20% on straight line| ## **Taxation** The charity is exempt from 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. Page 8 **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Notes to the Financial Statements - continued for the Year Ended 31 December 2022 ## **2. VOLUNTARY INCOME** |Tithes and Offerings
Grant|2022
£
49,333
3,714
53,047| |---|---| ## **3. NET INCOMING/(OUTGOING) RESOURCES** Net resources are stated after charging/(crediting): |Depreciation - owned assets|2022
£
1| |---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December, 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December, 2022. ## **5. STAFF COSTS** |Training and staff cost|2022
£
NIL| |---|---| There was one employee during the year ## **6.** ## **TANGIBLE FIXED ASSETS** |Church
Equipment
Office
Equipment
£
£
**COST**
At 1 January 2017
961
900
Additions
-
-
At 31 December2017
961
900
**DEPRECIATION**
At 1 January 2022
960
900
Charge for year
0
0
At 31 December 2022
960
900
**NET BOOK VALUE**
At 31 December 2022
1
0
At 31 December 2021
1
0|Totals
£
1,861
-
1,861
1,860
0
1,860
1
1| |---|---| Page 9 **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Notes to the Financial Statements - continued for the Year Ended 31 December 2022 ## **7. MOVEMENT IN FUNDS** |||Net movement|| |---|---|---|---| ||At 31/12/21|in funds|At 31/12/22| ||£|£|£| |**Unrestricted funds**|||| |General fund|(11,235)|
1,140|(10,095)| |**Restricted funds**|||| |Restricted Funds|0|0|0| |**TOTAL FUNDS**|(11,235)|
1,140|(10,095)| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement in| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|53,047|(51,907)|1,140| |**Restricted funds**|||| |Restricted Funds|27,122|(27,122)|0| |**TOTAL FUNDS**|80,169|(79,029)|1,140| Page 10 **KINGDOM POWER MINISTRIES INTERNATIONAL (KPMI)** Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |**INCOMING RESOURCES**
**Voluntary income**
Tithes and Offerings
Special Donations
Grant
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Ministry Expenses
Gift And Donations
Conference and Meetings
Evangelism and special events
Honorarium
**Support costs**
**Management**
Rent
Heating & Light
Travel Expense
Training & Staff Cost
Printing & Postage stationery
Office and Admin Expenses
Insurance
PAYE & NI Contribution
Pension Contribution
Sundry Expense
**Total resources expended**
**Net income**|**2022**
**£**
49,333
0
3,714
53,047
53,047
18,273
60
10,500
1,380
650
30,863
19,500
493
514
0
320
173
0
0
0
44
21,044
51,907
1,140|2021
£
40,349
0
4,726
45,075
45,075
16,709
60
16,855
1,921
0
35,545
1,500
0
854
9,051
1,228
144
234
1,817
1,925
180
16,927
52,472
(7,397)| |---|---|---| Page 11