**COMPANY REGISTRATION NUMBER: 09357342 CHARITY REGISTRATION NUMBER: 1161542**
**KINGDOM B. E. ( KBE ) Company Limited by Guarantee**
# **Unaudited Financial Statements 31 December 2020**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 December 2020**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities (including income and||
|expenditure account)|**5**|
|Statement of financial position|**6**|
|Statement of cash flows|**8**|
|Notes to the financial statements|**9**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**19**|
|Notes to the detailed statement of financial activities|**20**|
**KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 December 2020**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2020.
## **Reference and administrative details**
**Registered charity name** KINGDOM B. E. ( KBE ) **Charity registration number** 1161542 **Company registration number** 09357342 **Principal office and registered** 11 Atkins Square **office** Dalston Lane London United Kingdom E8 1FA
## **The trustees**
Ms Dana Thompson Mr David Harris
## **Structure, governance and management**
Kingdom B.E.( KBE ) Limited is governed by Memorandum and Articles of Association dated 14 December 2014. The Charity is registered with the charity commission under the charities Act 2011 and the company is limited by Gurantee under the companies Act 2006
## **Objectives and activities**
The trustees have considered the charity commissions guidance on public benefit, including the guidance 'public benefit of running a charity (PB2)'. Our work centres on delivering community assistance, on many levels, which are important to the target groups they serve. Namely our aim is to advance Christianity which is for all people, help sick babies and children and provide assistance to the hungry and the homeless people of all nationalities in the London Boroughs of Hackney, Tower Hamlets, Haringey, Newham, Waltham Forest, Greenwich, Croydon and Greater London.
**1**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2020**
## **Achievements and performance**
## ADI Homeless Project
Provide prayer and charity information for the relief of rough sleepers to assist them in exiting the streets and finding permanent accommodation.
Provide prayer, food and charity information for the relief of migrant rough sleepers, who do not qualify for state aid
Provision of shelter/ accommodation for the homless.
## Outreach
Visiting inmates in prisons to raise awareness of the goodnews of the Gospel and offering prayer, mentoring and counselling.
Hospital visits to offer healing prayers for sick patients
General evangelism in the streets to the public to raise the awreness of the good news of the Gospel. Providing outreach centre for abandoned pregnant women in the the form temporary accommodation until they are re housed.
Providing a friendly environment free from intimidation and fear to emotionally support and offer spiritual growth opportunities to individuals through counselling, grants, medical attention etc. Weekly provision of food for the homeless on the streets during winter months and the homeless with beds at hackney winter night shelter
## Business
Teaching individuals how to become business owners and to help improve societies by building others. Partnering with other believers and businesses to create a network of opportunities to empower individuals through workshops and start up programs.
Production of statement clothes for babies to help deliver inspiring message of love , healing and hope Provide apprenticeship opportunities to the unemployed youth and training schoools.
## **Financial review**
## 1.Expenditure
Expenditure is as follows; events, hall hire, insurance, staffing expenses, training workshop, donations, office expenses and sundry expenses
## 2. Reserve Policy
Due to early stages of the company, it has not been possible to set aside money into reserves.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
**2**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
**Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2020**
The trustees' annual report was approved on 30 September 2021 and signed on behalf of the board of trustees by:
Ms Dana Thompson Trustee
**3**
**KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of KINGDOM B. E. ( KBE )**
## **Year ended 31 December 2020**
I report to the trustees on my examination of the financial statements of KINGDOM B. E. ( KBE ) ('the charity') for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Elsways Consultancy Limited Independent Examiner
30 September 2021
**4**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 December 2020**
|||**2020**|**2020**|2019|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|32,058|32,058|29,693|
|Charitable activities|**6**|–|–|1,834|
|||``|``|``|
|**Total income**||32,058|32,058|31,527|
|||``|``|``|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Costs of raising donations and legacies|**7**|15,030|15,030|13,824|
|Expenditure on charitable activities|**8,9**|22,342|22,342|14,941|
|||``|``|``|
|**Total expenditure**||37,372|37,372|28,765|
|||``|``|``|
|||``|``|``|
|**Net (expenditure)/income and net movement in funds**||(5,314)|(5,314)|2,762|
|||``|``|``|
|**Reconciliation of funds**|||||
|Total funds brought forward||39,952|39,952|37,190|
|||``|``|``|
|**Total funds carried forward**||34,638|34,638|39,952|
|||``|``|``|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 9 to 17 form part of these financial statements.**
**5**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 December 2020**
|||**2020**|2019|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**15**|86,744|38,145|
|Investments|**16**|1,300|1,250|
|||``|``|
|||88,044|39,395|
|**Current assets**||||
|Debtors|**17**|–|812|
|Cash at bank and in hand||282|895|
|||``|``|
|||282|1,707|
|**Creditors: amounts falling due within one year**|**18**|3,688|1,150|
|||``|``|
|**Net current liabilities**||(3,406)|557|
|||``|``|
|**Total assets less current liabilities**||84,638|39,952|
|**Creditors: amounts falling due after more than one year**|**19**|50,000|–|
|||``|``|
|**Net assets**||34,638|39,952|
|||``|``|
|**Funds of the charity**||||
|Unrestricted funds||34,638|39,952|
|||``|``|
|**Total charity funds**|**20**|34,638|39,952|
|||``|``|
For the year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
## The statement of financial position continues on the following page. **The notes on pages 9 to 17 form part of these financial statements.**
**6**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
**Statement of Financial Position** _**(continued)**_
## **31 December 2020**
These financial statements were approved by the board of trustees and authorised for issue on 30 September 2021, and are signed on behalf of the board by:
Ms Dana Thompson Trustee
**The notes on pages 9 to 17 form part of these financial statements.**
**7**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Statement of Cash Flows**
## **Year ended 31 December 2020**
||**2020**|2019|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net (expenditure)/income|(5,314)|2,762|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|5,832|389|
|_Changes in:_|||
|Trade and other debtors|812|(22)|
|Trade and other creditors|–|(1,140)|
||``|``|
|Cash generated from operations|1,330|1,989|
||``|``|
|Net cash from operating activities|1,330|1,989|
||``|``|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|(54,431)|(5,028)|
|Purchases of other investments|(50)|–|
||``|``|
|Net cash used in investing activities|(54,481)|(5,028)|
||``|``|
|**Cash flows from financing activities**|||
|Proceeds from borrowings|52,538|–|
||``|``|
|Net cash from financing activities|52,538|–|
||``|``|
|**Net decrease in cash and cash equivalents**|(613)|(3,039)|
|**Cash and cash equivalents at beginning of year**|895|3,934|
||``|``|
|**Cash and cash equivalents at end of year**|282|895|
||``|``|
**The notes on pages 9 to 17 form part of these financial statements.**
**8**
**KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 December 2020**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 11 Atkins Square, Dalston Lane, London, United Kingdom, E8 1FA.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**9**
**KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Operating leases**
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
**10**
**KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
**3. Accounting policies** _**(continued)**_
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|Freehold property|-|1% straight line|
|---|---|---|
|Long leasehold property|-|10% straight line|
|Fixtures and fittings|-|10% straight line|
## **Investments**
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
## **Investments in associates**
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
## **Investments in joint ventures**
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
**11**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
## **3. Accounting policies** _**(continued)**_
## **Investments in joint ventures** _**(continued)**_
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **4. Limited by guarantee**
The company is limited by guarantee and therefore has no share capital. The liability of the members upon winding up of the company is limited to £1.
## **5. Donations and legacies**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2020**|Funds|2019|
||£|**£**|£|£|
|**Donations**|||||
|Donations type 1|32,058|32,058|29,693|29,693|
||``|``|``|``|
**12**
**KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
## **6. Charitable activities**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2020**|Funds|2019|
||£|**£**|£|£|
|Sale of goods/services as part of direct|||||
|charitable activities|–|–|1,834|1,834|
||``|``|``|``|
|**Costs of raising donations and legacies**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2020**|Funds|2019|
||£|**£**|£|£|
|Costs of raising donations and legacies|||||
|- Donations|12,445|12,445|11,936|11,936|
|Costs of raising donations and legacies|||||
|- Other type 1|1,185|1,185|1,038|1,038|
|Costs of raising donations and legacies|||||
|- Other type 2|1,400|1,400|850|850|
||``|``|``|``|
||15,030|15,030|13,824|13,824|
||``|``|``|``|
## **7. Costs of raising donations and legacies**
## **8. Expenditure on charitable activities by fund type**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2020**|Funds|2019|
||£|**£**|£|£|
|Activity type 1|1,407|1,407|4,173|4,173|
|Support costs|20,935|20,935|10,768|10,768|
||``|``|``|``|
||22,342|22,342|14,941|14,941|
||``|``|``|``|
## **9. Expenditure on charitable activities by activity type**
||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2020**|2019|
||£|£|**£**|£|
|Activity type 1|1,407|19,786|21,193|12,431|
|Governance costs|–|1,149|1,149|2,510|
||``|``|``|``|
||1,407|20,935|22,342|14,941|
||``|``|``|``|
**13**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
## **10. Analysis of support costs**
|||Analysis|of|||
|---|---|---|---|---|---|
|||support costs||||
|||activity 1||**Total 2020**|Total 2019|
|||£||**£**|£|
||Staff costs||–|–|995|
||Premises|7,460||7,460|2,910|
||Communications and IT|174||174|284|
||Governance costs||–|–|1,361|
|||``||``|``|
|||7,634||7,634|5,550|
|||``||``|``|
|**11.**|**Net (expenditure)/income**|||||
||Net (expenditure)/income is stated after charging/(crediting):|||||
|||||**2020**|2019|
|||||**£**|£|
||Depreciation of tangible fixed assets|||5,832|389|
||Operating lease rentals|||144|–|
|||||``|``|
|**12.**|**Independent examination fees**|||||
|||||**2020**|2019|
|||||**£**|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial statements|||1,150
``|1,150
``|
## **13. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2020**|2019|
|---|---|---|
||**£**|£|
|Wages and salaries|–|995|
||``|``|
|The average head count of employees during the year was Nil (2019: 2). The average||number of|
|full-time equivalent employees during the year is analysed as follows:|||
||**2020**|2019|
||**No.**|No.|
|Number of staff - type 1|–|2|
||``|``|
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
## **14. Trustee remuneration and expenses**
no remuneration or other benefits from employment with the charity or a related entity were received by the trustees
**14**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
## **15. Tangible fixed assets**
|||Long|||
|---|---|---|---|---|
||Freehold|leasehold|Fixtures and||
||property|property|fittings|**Total**|
||£|£|£|**£**|
|**Cost**|||||
|At 1 January 2020|38,872|–|–|38,872|
|Additions|–|39,431|15,000|54,431|
||``|``|``|``|
|**At 31 December 2020**|38,872|39,431|15,000|93,303|
||``|``|``|``|
|**Depreciation**|||||
|At 1 January 2020|727|–|–|727|
|Charge for the year|389|3,943|1,500|5,832|
||``|``|``|``|
|**At 31 December 2020**|1,116|3,943|1,500|6,559|
||``|``|``|``|
|**Carrying amount**|||||
|**At 31 December 2020**|37,756|35,488|13,500|86,744|
||``|``|``|``|
|At 31 December 2019|38,145|–|–|38,145|
||``|``|``|``|
## **16. Investments**
||**Other**|
|---|---|
||**investments**|
||**£**|
|**Cost or valuation**||
|At 1 January 2020|1,250|
|Additions|50|
||``|
|**At 31 December 2020**|1,300|
||``|
|**Impairment**||
|**At 1 January 2020 and 31 December 2020**|–|
||``|
|**Carrying amount**||
|**At 31 December 2020**|1,300|
||``|
|At 31 December 2019|1,250|
||``|
|All investments shown above are held at valuation.||
## **17. Debtors**
||**2020**|2019|
|---|---|---|
||**£**|£|
|Directors loan account|–|812|
||``|``|
**15**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
## **18. Creditors: amounts falling due within one year**
|||**2020**|2019|
|---|---|---|---|
|||**£**|£|
||Director loan accounts|2,538|–|
||Other creditors|1,150|1,150|
|||``|``|
|||3,688|1,150|
|||``|``|
|**19.**|**Creditors:** **amounts falling due after more than one year**|||
|||**2020**|2019|
|||**£**|£|
||Bank loans and overdrafts|50,000|–|
|||``|``|
## **20. Analysis of charitable funds Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
|||At|||**At**|
||1|January 202||**31**|**December**|
|||0|Income|Expenditure|**2020**|
|||£|£|£|£|
|General funds||39,952|32,058|(37,372)|34,638|
|||``|``|``|``|
|||At|||At|
||1|January 201||31|December|
|||9|Income|Expenditure|2019|
|||£|£|£|£|
|General funds||37,190|31,527|(28,765)|39,952|
|||``|``|``|``|
**16**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2020**
## **21. Analysis of net assets between funds**
||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2020**|
||£|**£**|
|Tangible fixed assets|86,744|86,744|
|Investments|1,300|1,300|
|Current assets|282|282|
|Creditors less than 1 year|(3,688)|(3,688)|
|Creditors greater than 1 year|(50,000)|(50,000)|
||``|``|
|**Net assets**|34,638|34,638|
||``|``|
||Unrestricted|Total Funds|
||Funds|2019|
||£|£|
|Tangible fixed assets|38,145|38,145|
|Investments|1,250|1,250|
|Current assets|1,707|1,707|
|Creditors less than 1 year|(1,150)|(1,150)|
|Creditors greater than 1 year|–|–|
||``|``|
|**Net assets**|39,952|39,952|
||``|``|
## **22. Analysis of changes in net debt**
||||**At**|
|---|---|---|---|
||At 1 Jan 2020|Cash flows|**31 Dec 2020**|
||£|£|**£**|
|Cash at bank and in hand|895|(613)|282|
|Debt due within one year|–|(2,538)|(2,538)|
|Debt due after one year|–|(50,000)|(50,000)|
||``|``|``|
||895|(53,151)|(52,256)|
||``|``|``|
**17**
**KINGDOM B. E. ( KBE )**
**Company Limited by Guarantee**
## **Management Information**
## **Year ended 31 December 2020**
**The following pages do not form part of the financial statements.**
**18**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Detailed Statement of Financial Activities**
## **Year ended 31 December 2020**
||**2020**|2019|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations type 1|32,058|29,693|
||``|``|
|**Charitable activities**|||
|Sale of goods/services as part of direct charitable activities|–|1,834|
||``|``|
||``|``|
|**Total income**|32,058|31,527|
||``|``|
|**Expenditure**|||
|**Costs of raising donations and legacies**|||
|Purchases|1,400|850|
|Other office costs|1,185|1,038|
|Donations - Cost of donations & legacies|12,445|11,936|
||``|``|
||15,030|13,824|
||``|``|
|**Expenditure on charitable activities**|||
|Purchases|1,406|4,173|
|Wages and salaries|–|995|
|Operating leases|144|–|
|Rent|7,460|2,910|
|Rates and water|152|–|
|Insurance|220|–|
|Other establishment|727|303|
|Other motor/travel costs|236|2,220|
|Legal and professional fees|2,879|2,510|
|Telephone|1,011|182|
|Other office costs|174|284|
|Depreciation|5,832|389|
|Advertisement & Publicity|2,100|975|
|Bank charges & Interests|1|–|
||``|``|
||22,342|14,941|
||``|``|
||``|``|
|**Total expenditure**|37,372|28,765|
||``|``|
||``|``|
|**Net (expenditure)/income**|(5,314)
``|2,762
``|
**19**
## **KINGDOM B. E. ( KBE )**
## **Company Limited by Guarantee**
## **Notes to the Detailed Statement of Financial Activities**
## **Year ended 31 December 2020**
||**2020**|2019|
|---|---|---|
||**£**|£|
|**Costs of raising donations and legacies**|||
|**Costs of raising donations and legacies - Donations**|||
|Donations - Cost of donations & leagcies|12,445|11,936|
||``|``|
|**Costs of raising donations and legacies - Other type 1**|||
|General expenses|1,185|1,038|
||``|``|
|**Costs of raising donations and legacies - Other type 2**|||
|Regeneration Project|1,400|850|
||``|``|
||``|``|
|**Costs of raising donations and legacies**|15,030|13,824|
||``|``|
|**Expenditure on charitable activities**|||
|**Activity type 1**|||
|**_Activities undertaken directly_**|||
|Purchases|1,406|4,173|
|Bank charges & interests|1|–|
||``|``|
||1,407|4,173|
||``|``|
|**_Support costs_**|||
|Freelances|–|995|
|Subscriptions|144|–|
|Rent & premises expenses|7,460|2,910|
|Staff welfare|152|–|
|Support charitable activity 1 - insurance|220|–|
|Office expenses|727|303|
|Travel & accommodation expenses|236|2,220|
|Training & education|1,730|–|
|Telephone & Internet|1,011|182|
|Printing & Stationery|174|284|
|Depreciation|5,832|389|
|Support charitable activity 1 - Advertisement & publicity|2,100|975|
||``|``|
||19,786|8,258|
||``|``|
|**Governance costs**|||
|Governance costs - accountancy fees|1,149|1,150|
|Governance costs - costs of trustees' meetings|–|1,360|
||``|``|
||1,149|2,510|
||``|``|
||``|``|
|**Expenditure on charitable activities**|22,342|14,941|
||``|``|
**20**