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2022-12-31-accounts

COMPANY REGISTRATION NUMBER: 09357342 CHARITY REGISTRATION NUMBER: 1161542

KINGDOM B. E. (KBE) Company Limited by Guarantee Unaudited Financial Statements 31 December 2022

JAVY AND CO LTD

Chartered Certified Accountants 127 Sewell Road London SE2 9DH

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2022

Page
Trustees' annual report (incorporating the director's report) 1
Independent examiner's report to the trustees 5
Statement of financial activities (including income and
expenditure account) 6
Statement of financial position 7
Statement of cash flows 9
Notes to the financial statements 10
The following pages do not form part of the financial statements
Detailed statement of financial activities 20
Notes to the detailed statement of financial activities 21

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2022

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 2022.

Reference and administrative details

Registered charity name KINGDOM B. E. (KBE) Charity registration number 1161542 Company registration number 09357342 Principal office and registered 69 Dalston Lane office Third Floor Block G London England E8 2NG The trustees Dana Thompson David Harris Janet Thompson Crystal Mariah Jaiyesimi Independent examiner Mr Johnson Akpebu - FCCA, MBA(Fin) 127 Sewell Road London SE2 9DH

Structure, governance and management

Kingdom B.E (KBE) 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 Guarantee 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.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

- 1 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2022

Achievements and performance

We managed to win the bid of £10,000 grant from the Big Lottery for the Celebration of Her Majesty Queen Elizabeth Alexandra Mary II, 70th Platinum Jubilee in conjunction with Kingdom B.E. bringing Business, Entertainment, Fashion, Beauty, and Charity together drawing our inspiration from "Love".

Expenditure of Grant

Securing a £10,000 grant from the Big Lottery marked a significant milestone in our mission to commemorate the Queen's Platinum Jubilee in partnership with Kingdom B.E. Our collaborative vision aimed to seamlessly blend business, entertainment, fashion, beauty, and charitable endeavours under one roof.

With these funds, we meticulously allocated resources to cover a diverse range of essential expenses. From flyers and promotional materials to catering, decorations, staffing costs, and costume, traveling fees, makeup, and wardrobe fashion necessities every detail was carefully considered. Additionally, provision for videography services, musician, and singer fees, as well as rehearsal expenses, which guaranteed stellar performances.

Other critical elements, such as venue rental, music equipment, DJ services, and administrative services, website and online service fees, marketing fees, security fees, furniture for venue, were also factored into our comprehensive budget.

With careful financial planning, we orchestrated a memorable celebration in honour of Her Majesty's milestone. Besides promoting unity and awareness of local businesses and charities, our event drove economic growth by strengthening community business ties. It also fostered new collaborations and partnerships, nurturing a culture of cooperation among businesses.

And by leveraging our video presence, we effectively shared messages of love and well-being, while showcasing our business services to a broader audience.

Her Majesty Queen Elizabeth Alexandra Mary, born 17 April 1926, began her reign 6th February 1952 she became the first British Monarch to celebrate seventy years on the throne. Kingdom B.E. KBE celebrated this historic reign of an extraordinary woman. She is the epitome of hard work and duty; devoted to all her roles.

Inspired by Her Majesty's remarkable reign, we paid tribute to her unwavering dedication and exemplary leadership.

As Her Majesty once said, "It's all to do with the training: you can do a lot if you're properly trained."

At Kingdom B.E. KBE, we echo this sentiment by committing to giving back to our community through impactful workshop and course initiatives.

We as a charity and business believe in giving back to the community through services and striving through excellence. We want to unleash hidden talents within our community and help the people in our communities to find their own identity through creative initiatives. E.g. Our businesses include: Glo Hair academy, 360 Beauty, Statement Clothes, and the Regeneration project.

The Regeneration project is all about the performing arts, singing, dancing, acting and art for all. We carry out these numbers through workshops and courses. Our objectives are to help build confidence and nurture growth through these programs. We build the economy through successful businesses and provide business online start-up courses to those wanting to become entrepreneurs, empowering.

- 2 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2022

them to contribute to our economy.

Leading by example, our first business launched is "Statement Clothes" a luxury children and baby brand created and birthed out of "love". Through this business, we donate a portion of our profits to children and their families who are diagnosed with leukaemia and cancer and to children's hospitals for research work into new innovative equipment and medication to help combat this killer disease.

We are working towards releasing our first compilation album where the proceeds from the album sales will fund the construction of "All Stars Shine" new building a theatre school for performing arts in Greenwich and Hackney.

We're dedicated to creating an inclusive space where children with disabilities can explore their creative talents freely and safely. With the help of donations this will help us realise this vision and make meaningful impact on the lives of countless individuals. Together we can build a future filled with love, creativity, and opportunity in a world filled with obscurity.

As we look ahead, our strategic vision involves the continuous celebration of local businesses and the expansion of our entertainment affiliate, the Regeneration project.

We endeavour to raise the amount of £55,000 over 2 years through a combination of grants and donations.

Our plan to institute events dedicated to honouring the accomplishments of businesses within our community. Furthermore, we plan to organise annual concerts both domestically and internationally, leveraging the platform of "Love Fest" to amplify our message of love, kindness, and unity. Through these initiatives, we aim to foster a culture of appreciation, collaboration, and growth among businesses and the entertainment arena, while simultaneously promoting artistic expression and global solidarity.

KBE supports the church "The house of God" by running spiritual, mental health and wellbeing programs and activities on interim periods throughout the year, also by contributing to soup kitchens and distribute provisions for the homeless in London.

Financial review

The total incoming resources for the year was £27,683 (2021 -£19,921) which represents an increase of £7,762 or 38.96% on the previous year. The total resources expended for the year was £28,018 (2021-£19,921) which represents increase of £8,125 or 40.84% on the previous year. The overall effect resulted in a deficit of £335 (2021 - £28).

- 3 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 December 2022

The trustees' annual report and the strategic report were approved on 9 February 2024 and signed on behalf of the board of trustees by:

Dana Thompson Trustee

- 4 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of KINGDOM B. E. (KBE)

Year ended 31 December 2022

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 2022.

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.

Mr Johnson Akpebu - FCCA, MBA(Fin) Independent Examiner

127 Sewell Road London SE2 9DH

- 5 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2022

2022 2021
Unrestricted
fundsTotal funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 27,683 27,683 19,921
──────── ──────── ────────
Total income 27,683 27,683 19,921
════════ ════════ ════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 6 2,334 2,334 6,164
Expenditure on charitable activities 7,8 25,684 25,684 13,729
──────── ──────── ────────
Total expenditure 28,018 28,018 19,893
════════ ════════ ════════
──────── ──────── ────────
Net (expenditure)/income and net movement in funds (335) (335) 28
════════ ════════ ════════
Reconciliation of funds
Total funds brought forward 34,666 34,666 34,638
──────── ──────── ────────
Total funds carried forward 34,331 34,331 34,666
════════ ════════ ════════

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 10 to 18 form part of these financial statements.

- 6 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Statement of Financial Position

31 December 2022

2022 2021
Note £ £
Fixed assets
Tangible fixed assets 13 76,024 80,912
Investments 14 9,576 8,967
──────── ────────
85,600 89,879
Current assets
Cash at bank and in hand 3,918 511
Creditors: amounts falling due within one year 16 6,453 5,724
─────── ───────
Net current liabilities 2,535 5,213
──────── ────────
Total assets less current liabilities 83,065 84,666
Creditors: amounts falling due after more than one year 17 48,734 50,000
──────── ────────
Net assets 34,331 34,666
════════ ════════
Funds of the charity
Unrestricted funds 34,331 34,666
──────── ────────
Total charity funds 18 34,331
════════		 34,666
════════

For the year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 10 to 18 form part of these financial statements.

- 7 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Statement of Financial Position (continued)

31 December 2022

These financial statements were approved by the board of trustees and authorised for issue on 9 February 2024, and are signed on behalf of the board by:

Dana Thompson Trustee

The notes on pages 10 to 18 form part of these financial statements.

- 8 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 December 2022

2022 2021
Note £ £
Cash flows from operating activities
Net (expenditure)/income (335) 28
Adjustments for:
Depreciation of tangible fixed assets 5,935 5,832
Taxation – 146
Accrued expenses 750 –
Other operating cash flow adjustment – (53,552)
Changes in:
Trade and other creditors (157) 5,724
─────── ────────
Cash generated from operations 6,193 (41,822)
─────── ────────
Net cash from/(used in) operating activities 6,193 (41,822)
═══════ ════════
Cash flows from investing activities
Purchase of tangible assets (1,047) –
Purchases of other investments (609) (7,667)
─────── ────────
Net cash used in investing activities (1,656) (7,667)
═══════ ════════
Cash flows from financing activities
Proceeds from borrowings (1,266) 50,000
─────── ────────
Net cash (used in)/from financing activities (1,266) 50,000
═══════ ════════
Net increase in cash and cash equivalents 3,271 511
Cash and cash equivalents at beginning of year 511 –
─────── ────
Cash and cash equivalents at end of year 15 3,782 511
═══════ ════

The notes on pages 10 to 18 form part of these financial statements.

- 9 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2022

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 69 Dalston Lane, Third Floor Block G, London, England, E8 2NG.

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.

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.

- 10 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

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:

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:

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.

- 11 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

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
Equipment - 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.

- 12 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

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.

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 cash-generating 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.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

- 13 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 2022 Funds 2021
£ £ £ £
Donations
Donations- offerings, Tithes and seeds 17,683 17,683 19,921 19,921
Grants
Grants receivable 10,000 10,000 – –
──────── ──────── ──────── ────────
27,683 27,683 19,921 19,921
════════ ════════ ════════ ════════

- 14 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

6. Costs of raising donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Costs of raising donations and legacies
- Donations 2,212 2,212 6,012 6,012
Costs of raising donations and legacies
– General expenses 122 122 152 152
─────── ─────── ─────── ───────
2,334 2,334 6,164 6,164
═══════ ═══════ ═══════ ═══════

7. Expenditure on charitable activities by fund type

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Purchases & Bank charges 850 850 865 865
Support costs 24,834 24,834 12,864 12,864
──────── ──────── ──────── ────────
25,684 25,684 13,729 13,729
════════ ════════ ════════ ════════

8. Expenditure on charitable activities by activity type

Activities
undertaken Total funds Total fund
directly Support costs 2022 2021
£ £ £ £
Purchases & Bank charges 850 24,032 24,882 12,204
Governance costs – 802 802 1,525
──── ──────── ──────── ────────
850 24,834 25,684 13,729
════ ════════ ════════ ════════
9. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2022 2021
£ £
Depreciation of tangible fixed assets 5,935 5,832
Operating lease rentals 215 88
═══════ ═══════
10. Independent examination fees
2022 2021
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 750 1,150
════ ═══════

11. Staff costs

- 15 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

11. Staff costs (continued)

The average head count of employees during the year was Nil (2021: Nil).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

13. Tangible fixed assets

Long
Freehold leasehold
Fixtures and
property property
fittings		 Equipment Total
£ £ £ £ £
Cost
At 1 January 2022 38,872 39,431
15,000		 – 93,303
Additions – –
302		 745 1,047
──────── ────────
────────		 ──── ────────
At 31 December 2022 38,872 39,431
15,302		 745 94,350
════════ ════════
════════		 ════ ════════
Depreciation
At 1 January 2022 1,505 7,886
3,000		 – 12,391
Charge for the year 388 3,943
1,530		 74 5,935
──────── ────────
────────		 ──── ────────
At 31 December 2022 1,893 11,829
4,530		 74 18,326
════════ ════════
════════		 ════ ════════
Carrying amount
At 31 December 2022 36,979 27,602
10,772		 671 76,024
════════ ════════
════════		 ════ ════════
At 31 December 2021 37,367 31,545
12,000		 – 80,912
════════ ════════
════════		 ════ ════════

14. Investments

Other
investments
£
Cost or valuation
At 1 January 2022 8,967
Additions 609
───────
At 31 December 2022 9,576
═══════
Impairment
At 1 January 2022 and 31 December 2022 –
═══════
Carrying amount
At 31 December 2022 9,576
═══════
At 31 December 2021 8,967
═══════

All investments shown above are held at valuation.

- 16 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

15. Cash and cash equivalents

Cash and cash equivalents comprise the following:

Cash and cash equivalents comprise the following:
2022 2021
£ £
Cash at bank and in hand 3,918 511
Bank overdrafts (136) –
─────── ────
3,782 511
═══════ ════
Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 136 –
Accruals and deferred income 750 –
Other creditors 5,567 5,724
─────── ───────
6,453 5,724
═══════ ═══════
Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans and overdrafts 48,734 50,000
════════ ════════

16. Creditors: amounts falling due within one year

17. Creditors: amounts falling due after more than one year

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 January 202 31 December
2 Income Expenditure 2022
£ £ £ £
General funds 34,666 27,683 (28,018) 34,331
════════ ════════ ════════ ════════
At At
1 January 202 31 December
1 Income Expenditure 2021
£ £ £ £
General funds 34,638 19,921 (19,893) 34,666
════════ ════════ ════════ ════════

- 17 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2022

19. Analysis of net assets between funds

Unrestricted Total Funds
Funds 2022
£ £
Tangible fixed assets 76,024 76,024
Investments 9,576 9,576
Current assets 3,918 3,918
Creditors less than 1 year (6,453)
(6,453)
Creditors greater than 1 year (48,734)
(48,734)
──────── ────────
Net assets 34,331 34,331
════════ ════════
Unrestricted Total Funds
Funds 2021
£ £
Tangible fixed assets 80,912 80,912
Investments 8,967 8,967
Current assets 511 511
Creditors less than 1 year (5,724)
(5,724)
Creditors greater than 1 year (50,000)
(50,000)
──────── ────────
Net assets 34,666 34,666
════════ ════════

20. Analysis of changes in net debt

At
At 1 Jan 2022 Cash flows 31 Dec 2022
£ £ £
Cash at bank and in hand 511 3,407 3,918
Bank overdrafts – (136)
(136)
Debt due after one year (50,000) 1,266 (48,734)
──────── ─────── ────────
(49,489) 4,537 (44,952)
════════ ═══════ ════════

- 18 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Management Information

Year ended 31 December 2022

The following pages do not form part of the financial statements.

- 19 -

KINGDOM B. E. (KBE)

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 December 2022

2022 2021
£ £
Income and endowments
Donations and legacies
Donations- offerings, Tithes and seeds 17,683 19,921
Grants receivable 10,000 –
──────── ────────
27,683 19,921
──────── ────────
──────── ────────
Total income 27,683 19,921
════════ ════════
Expenditure
Costs of raising donations and legacies
Other office costs 122 152
2,212 6,012
──────── ────────
2,334 6,164
──────── ────────
Expenditure on charitable activities
Purchases 836 864
Operating leases 215 88
Rent 4,260 1,000
Insurance 265 –
Other establishment 244 933
Other motor/travel costs 2,135 963
Legal and professional fees 6,997 2,470
Telephone 1,441 885
Other office costs 668 93
Depreciation 5,937 5,832
Website, advert & publicity 2,672 600
Bank charges & interest 14 1
──────── ────────
25,684 13,729
──────── ────────
──────── ────────
Total expenditure 28,018 19,893
════════ ════════
──────── ────────
Net (expenditure)/income (335) 28
════════ ════════

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KINGDOM B. E. (KBE)

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 December 2022

2022 2021
£ £
Costs of raising donations and legacies
Costs of raising donations and legacies - Donations
Donations - Cost of donations & legacies 2,212 6,012
─────── ───────
Costs of raising donations and legacies
General expenses 122 152
──── ────
─────── ───────
Costs of raising donations and legacies 2,334 6,164
═══════ ═══════
Expenditure on charitable activities
Purchases & Bank charges
Activities undertaken directly
Direct charitable activity - Purchases 836 864
Direct charitable activity - Bank charges & interest 14 1
─────── ───────
850 865
─────── ───────
Support costs
Support charitable activity - Subscriptions 215 88
Support charitable activity - Rent & premises expenses 4,260 1,000
Support charitable activity - insurance 265 –
Support charitable activity - Office expenses 244 933
Support charitable activity - Travel & accommodation expenses 2,135 963
Support charitable activity - Training & development 6,195 945
Support charitable activity - Telephone & internet 1,441 885
Support charitable activity - Printing & stationery 668 93
Support charitable activity - depreciation 5,937 5,832
Support charitable activity - Website, advertisement & publicity 2,672 600
──────── ────────
24,032 11,339
──────── ────────
Governance costs
Governance costs - accountancy fees 750 1,150
Governance costs - legal and other professional fees 52 375
──── ───────
802 1,525
──── ───────
──────── ────────
Expenditure on charitable activities 25,684 13,729
════════ ════════

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