KATE WORLD WIDE EVANGELISTIC MINISTRIES Trusts, Report and Financial Statement For the year ended 31st December 2022
KITE WORLD WIDE EVIlNGELISTtC MINISTRIES Information Charity Number 1171661 Restered Offlce FLAT 9, ASHBOURNE T ROAD, LONDON N9 8RX Trustees Justln Pinytek Etwalu O'Kello Lorna CarrAscD Kate Poku-Awuah Bankers Natwe8t Bank pl¢
KATE WORLD WIDE EVANGELISTIC MINISTRIES Accounlant5' Report on the Unaudited Account5 to KATE WORLD WIDE EVANGELISTIC MINISTRIES As descTibed on page 4 you have approved the accounts for the year ended 3 1st December 2022. set out on pages 2 to 8. In accordancc with your instructions we have compiled these unaudited accounts from th¢ ac¢ounling r¢¢ord8, informaliott and explanaiions supplied to us. 12th June 2023
KATE WORLD WIDE EVANGELISTIC MINISTIUES Contents Page Accountants, Report Trn$tee' Report Income & Expenditure Statement B218Dce Sheet Notes to the Account$ 7-12
KATE WORLD WIDE EVANGELISTIC MINISTRIES Th¢ Trustees present iheir annual report together with financial statements of KATE WORLD WIDE EVANGELISTIC MfNIsTRIES for the year ended 31" December 2022. The Trustee8 confirn) that ihe annual re[ and financial statements of the church comply wilh the ¢urrent statutory requirements, the requirements of the church's governing document and the piovisions of the Statement of Recommended Practise (SORP)"Accounting and Reporting by Charities. issu¢d in 2015. STRUCTURE, GOVERNANCE AND MANAGEMENT . CONSTITUTION The church is Constited under Trust deed dated 18 January 2017 and is a registered chariry with number 1171661. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Thc management of the church is the responsibility of the Trustees who are elected and COryOPted under the temis of ihe trust deed. ¢. POLICIES ADOPTED FOR THE INDUCTION AND TRAINIIYG OV TRUSTEES The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Twstees, followed by a series of short meetings with the Minister in Charge ort the powers and responsibilities of the Trustees. . ORGANISATIONAL STRUCTURE AND DECISION MAKING The church is organized so thai the Tnte¢S meet regularly lo manage its affairs. The day to day administration of ihe ¢huwh is manag¢d by thc Administrator. c. RELATED PARTY RELATIONSHIPS LITE WORLD WIDE EVANGELISTIC MINISTRIES operates throughout England and Wal¢s. f. RISK fvL4NACEMENT The Trustees have assessed th¢ major risks to which th¢ chur¢h is exposed. in particular th05c related to the opcrations and financcs of the church and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
KATE WORLD WIDE EVANGELISTIC MINISTRIES OBJECTIVES AND AcrtVlTIES POLICIES AND OWECTIVES To seek the advancement of Ihc Christian lIgIon in accord8Dce witb the teachj'ngs and the doclTinc$ set out in the sta*ment of faith contained in the schedule (2.2.2). In addition to helping in the relief of poverty in all parts of the world, the Trustees must use the income and may use the ¢&pitsl of the ttust in promoting the objectives. b. ACTIVITIES FOR ACHIEVING OBJECTTVES The main a¢tivitie8 of the ttwt are as follow: Sunday Scrvices Online Week night Bible Studies. Or¥anising religious and social meetings for the KWWEM memlxTS. Raising Fund through memb¢rs- internally. <. GRANT MAKING POLICIES The church provides support lo members of ihe congregation (at the decision of the tswte¢s) who are in need through the Emergency fund. d. VOLUNTEERS The chureh is grate1 for the unstinting effort5 of its volunteers who are involved in s¢rvi¢¢ provision, office work administration. It is estimated that over 358 volunteer hours wcr¢ provided during 2022. If this is valued at £9.50 an hour the volunteer effort amounts to over £3.401. ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES We havc had tremendous growth in th¢ physical and spiritual life of KWWEM during the year and in the advancement of th¢ Christian Faith in occordance with the doctrines Set out in the Statement of Faith a contained in our Trust Deed. b. INVESTMENT POLICY AND PERFORMANCE The Trustees hav¢ dccidcd that at pS¢nI, funds should be ret&ined in Bank. kny change in such banking amg¢ments should be agr¢¢d by ihe trustees. A8 far as possible, funds will be reiained in intcrc5t k8ring a¢¢ounts.
KATE WORLD WIDE EVANGELISTIC MINISTIUES FINANCIAL REVIEW RESERVES POLICY At this level, the trustccs fcel thkt they would be able continuc th¢ current activities of the church in the event of a significant drop in ndIng. PLANS FOR THE FUTURE FUTURE DEVELOPMENTS We are &eeking to hav¢ a property of our own that would enabl¢ us to Cary Out community-based projects that we are unable to do now for the reason of restricted accommodation. COMPARATIVES There have been no comparatives included in these financial stAtement8 be¢ause in the opinion of ttvslees, no Comparison Can be made which ¢ould prove beneficial. This report approved by the Trustees on 12th June 2023 And signed on their behalf by.. Lorna Carrasco
KATE WORLD WIDE EVANCELISTIC MINISTRtLs Statoment of Fln8ncl81 Actlvffitles for the year ended Jlst December 2022 2022 Unrestrlettd Rtstrltted Note Futsdi Fundl 2021 Unreitrkted Restrlcted FuDds Funds Total Totll INCOMING RESOURCES Incoming Re¥ource$ from genorlttd funds: Voluntary Incom¢ 9,495 9.495 10.409 10,409 Totll Ineomlng R¢wurce8 9,495 9,495 10,409 10.409 RESOURCES EXPENDED Charitthle ActLVL(ie5 4279 4,279 4,141 4,141 Governance Colts 2.400 2,400 2,400 2,400 TotAI Reiourcei Expended 6,679 6.679 6,541 6,541 NET tNCOMTNGIIOUTGofNGI RCSOURCES BEFORE OTHER RECOGNISED GAtNSILOSSES FUND BALANCES l Janry Othrr Reserves 2,816 2.816 3,868 3,868 42,826 42,826 38.958 38.958 FUND BALANCES 31 De¢¢mber 45,642 45,642 42,826 42,826 The accouTLiin¥ policies and notes on pages 7 10 13 do no¢ form part ofthes¢ cOunt$
KATE WORLD WIDE EVANGELISTIC MINISTRIES Balanct sheet as at 31$t December 2022 2022 2021 Notss FAxed assets Tangible Fixed Assets 3,051 Current #ets Cash at bank and in hand 45.476 43.812 Current Llabllltles Other Creditors 2,336 4.037 Net current A$8¢ts 43,140 39,775 Tot#l asstts lem current Llabllltles 45,642 42,820 CapltAI account General Unr¢5tricted Funds at Ol. January Special Reserves Net Incomin8 Unrestrjcd Funds for the year Restricted Funds 42126 38,958 2,816 3,868 45,642 42,826 The notes on pages 9 to 13 forni part of these accounts Approved by the trustee5 of the KITE WORLD WIDE EVAI¥GELISTIC MINISTRIES th18 day 12th June 2023. Lorna CArrasco Justln Plnytek Etwalu O'Kello Trustee Trustee Dated.. 12th June 2023 Dated.- 12th June 2023
- AccouiYfiNG POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The finan¢ial statements have been prepared under historical cost convention, with th¢ ¢xc¢ption of investments which are included at the market value 2nd in a¢rordan¢e with Financial Reporting Standard for Small¢r Entitles (Effe¢live 2015). The financial statements have been prepared in ccordance with the Statemetkt of Recommended Practice (SORPI,"Ac¢ounting and R¢portin8 by ChaTities" publishcd in 2015 and applirablc accounting standards. 2.2 FUNDtNG ACCOUNTING General fvnds are unrestricted fvnds which are available for use at the discrciion of the Trustees in furtherttnce of the general objectives of the church and which have not been desiated for other purposes. 2J INCOMING RESOURCES All incoming resources are included in the Statement of Financial Activities when the church is legally entttled to the income and ihe amounl c8n be quantified with reasonable accuracy. Income tax recoverable in rel&tion to investment income is recognized At the time the investment income is receivable. 2.4 RESOURCES EXPENDED All expenditure is accounted for an accnlS basis and has bc¢n included under expense categoTies that egate all costs for allocation to activities. Where coyts Cannot be directly attributed io particular activities. they have been allocated on a basis consistent with the use of the resources. Support costs are thos¢ c08ts incuttcd directly in support of ¢xp¢ndiNrc on th¢ objects of the charity and include project mana8¢ment Carried out at headquarters. Goveman¢¢ Costs ar¢ those incurred in connection with Administrotion of the charity and compliance with constilulional and statOry requirements. Grants payable are charged in the year when the offer is made perfect except in Iho8e cases where the offer is conditional, such grants being recognized as expenditure when the conditions attsching are fulfilled. Grant5 offcrcd subject to condition8 which have not been me¢ a¢ the yearcnd rat¢ not¢d as a ¢ommitm¢nl. but not a¢¢nd as expenditure 2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION All asS¢t5 coyling more than £500 are capitalized. Tangible fixed asscts are stated at cost less depreciation. Depreciation 18 provided at rates calculalcd io write off the cost of fixed assets, less thcir estimated rcsidual value, over their cxpecled use1 lives on the following basc5' Chw¥li Ii)SUWll¥iil aiid Odi¥i E4uipiii¥iiis
KATE WORLD WIDE EVANGELISTIC MINISTRIES NDtes ¢0 thE 4fCOilrtts for tbe ye&r ended 31st December 2022 2.6 Voluntary Income 2022 Unreytri¢trd Re8trlcted Tot41 Church Offerings & Tithes 9,495 9,495 9,495 9,495
IL4TE WORLD WIDE EVANCELISTIC MINISTIUES Notes lo the 4c¢ounts for the yer eDded 31$t Detember 2022 J. Total Resourees Expended Bytypeof¢xpww& 10181 re5vurcu ¢xpendEd¢ornpriJv. 2022 cnble Exp¥ndiNre Direct Cox Colts of Oowernanee Gencrating Tothi Mwa8emenfCoi rhre¢t Suppoft Coy 2.4LK) 1.2 3,079 3.079 Totil 4.279 2,41KI 6ffj79 S¥pport 2022 Miw114neo ExP¢ll$ TeltybDne Computer& ¥¥ori¢s c¢$ oiricc Equipm¢nl DcpreclLEion Tot ijs 723 549 J,•79 G•verninctC(qts 2•22 2.4fKI 00 m4n0Nni C T•tsl Dlrttl Cosii Costs of Charitable activities 29 T07 iJ•o
KATE WORLD WIDE EVANGELISTIC MJNISTRJES Notes to the aCLouNls for the year ended 31" Decvrnber 2022 4. Tgxatlon KATE WORLD WIDE EVANGELISTIC MINISTRIES is k registrred charity and &pplies all its income for charitable purposes. It thus clairns exemptions from UK tax. S. Tanglble aysets 2022 ChuKh Equipmentl Furniture Fining Total Cost AB at l January Additions As ai 31, December 3,721 3.721 3,721 3.721 ActMulAted d¢preelAtlon Ay at 1st Janu Ch&rge for the year As at 31, DeccmbEr 670 549 1319 670 549 1,219 et Book VAlue As at 31 Dcecmbcr 2J02 2JD2 Dcpyeeiaiion li provided io ¥rrite off tho c051 ofassetsby equal annual injthllrnffli ovcrlhciresl1mi uxful liv•s Is follows Churth Jnilcumeffit & Other Equlpfflents- IBVA Rtdu¢in8 b*laA¢e 6. Creditors: amounts falling due within onc year 2022 2,336 2J36 Other Creditors io