**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|||
|||funds**Total 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<br>`════════`|34,666<br>`════════`|



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: 

- 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 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: 

- 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, non-charitable 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. 

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



## **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)|<br>(6,453)|
|Creditors greater than 1 year|(48,734)|<br>(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)|<br>(5,724)|
|Creditors greater than 1 year|(50,000)|<br>(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)|<br>(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|
||`════════`|`════════`|



**- 20 -** 



## **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|
||`════════`|`════════`|



**- 21 -**