ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025
31[ST] MAY 2025
REGISTERED CHARITY NUMBER: 1171918
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Kingsgen Foundation
On accounts for the year 31/05/2025 Charity no 1171918 ended (if any) Set out on pages
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above 31/05/2025 . charity (“the Trust”) for the year ended
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 26/02/2026 ~~|~~
Signed: Name: Ibiyinka Ibikunle ~~Cs~~ Relevant professional CIMA qualification(s) or body (if any):
Address: Robust Finance Ltd. Stratford House. Waterside Court. Neptune Way. Rochester. ME2 4NZ
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER
KingsGen Foundation
LEGAL & ADMINISTRATIVE INFORMATION
For the year ended 31 May 2025
ADDRESS 9 Clive Avenue Dartford DA1 3LD Telephone 07735480007 kingsgenfoundation@gmail,com admin@kingsgen.org STATUS Registered Charity No. 1171918 TRUSTEES Pastor Bayo Rufai Mrs Folake Verissimo Mrs Sola Goriola Mrs Bosede Babalola Management Committee Rev Nicholas Nunayon Chief Executive Officer Mrs Sola Goriola Director of Academic Development and Research Mrs Bosede Babalola Director of Finance and Fundraising Mrs Folakemi Verissimo Director of Outreach, Access and Administration Mrs Oluyemi Nunayon Director of Events and Hospitality Vacant Director of Career and Mentoring Vacant Director of Independent and Higher Education Registered Office 9 Clive Avenue Dartford DA1 3LD
Page 1
Kingsgen Foundation
For the year ended 31 May 2025
The trustees have pleasure in presenting the report and accounts of the charity for the year ended 31 May 2025
Kingsgen Foundation is a registered educational and parenting charitable organisation working in association with different communities, religious organisations, charitable organisations and individuals with the vision of raising, developing and empowering our future leaders, helping them to achieve high academic excellence, becoming significant and making impact as New Generational Transformation Leaders.
AIM & OBJECTIVES
Our aim is to ensure that children and young adults, especially those from disadvantaged backgrounds, have every opportunity to fulfil their full potential, raise aspiration, broaden their horizons, and become leaders in their fields, active, prosperous and successful citizens of the world around them.
Objectives to parents
To educate and enlighten parents about UK Educational system To continuously provide information that affects children’s education in UK To equip and empower parents with necessary resources that will help them make informed decisions about their children’s educational needs at all levels Help parents and children to be steps ahead in their educational pursuant
Objectives to Children and Young Adults
Our overall mission is to help each child discover his or her purpose, release his/her potentials, nurture their latent abilities to To encourage, motivate and challenge become not only productive fulfilled citizens, but to be pace-setters in all areas of life. students to maximise their full potential and to achieve the highest level of academic distinction and excellence. Raise their aspirations early Help to prepare and develop their full potentials mentally, academically, financially and spiritually
Encourage them to participate in extra curriculum activities and programs that will enhance their entry into best performing schools up to university levels and becoming better citizens Providing them with supplementary academic education Providing them with money management training and skills Providing them with coaching and mentoring activities Encourage them to question, to think and to work independently Provide them with best resources that will empower them for academic excellence and fulfilment Visit the World acclaimed universities and make sure they have excellent knowledge of Support students through each stage of the application process Help to seek for scholarships and bursaries for all our students
Trustees Report
Help to prepare them fully for life after schools
Encourage them to be the best in whatever they chose as a career Provide spiritual support to all pupils
International Mission
We aim to build and establish community based schools in rural town and villages of developing countries such as Nigeria, Kenya, Ghana, Republic of Benin, Togo, and others.
Help students to secure scholarship into international universities. Encouraging UK private and state schools to support and partner with the rural community schools
Risk Management
The trustes have a duty to identify and review the risks to which ths charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and errors.
The Board has a formal, written policy of internal financial control procedures which will continue to be monitored and updated to cover new risk areas
as and when they are identified.
FINANCIAL REVIEW
Our income for the year ended was £27284 and expenditure was £25717 Cash balances for the year ended was at £27013
Part of the cash balance consist of international project of £12361
TRUSTEE RESPONSIBILITIES
The trustees present their report together with the financial statements of
Kingsgen Foundation for the year ended 31 May 2025.
This report has been prepared in accordance with Part 8 of the Charities Act 2011. The financial statements have been prepared in accordance with the accounting policies set out on pages 1 to 7 of the attached financial statements and comply with the Unit’s constitution, the law and the requirements of Accounting and Reporting by Charities: 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).
Trustees, Annual Impact Report forthe year ended 31st May 2025 l. Introductlon 2025 has been a remarkable year of growrh and impact for the Kingsgen Foundation. Despite ongoing challenges. we've expanded our programs. particularly in hybrld formals. allowing us lo engage more participanls across Ihe UK and Nigeria. Our continued focus on education, Leadership, and mental health has empowered sludents. parents. and communities. 2. Key Achlevements (June 2024- May 2025) Hybrld Conlerences & Evenl$: We successfully hosted hybrid conferences throughout the year, experienclng a 50% increase in attendance compared to the previous year. Unlverslty Vlslts.. 85 51udents visited both Oxford and Cambridge unlversities, a 30% Increase Irom the previous year, as students from other parts ol ihe country were able to join. Academlc Success- Over 80% of our studeiis secured admisslon into Russell Group universilles InternallonalAchlevemenl'. One ol our Siudents graduated from Harvard University and contlnued posigraduate studies at Cambridge University. Leadershlp and Mentorin& 45 Sludents visiled Barclays Bank's headquarters at Canary Wharf. London May 2025. for a leadership workshop. 25 studenls graduaied trom the 12-month Kingsgen Leadership Mentoring Academy. Supplementary School In Nigerla: Our supplemenlary school launched in February 2024 with six teachers and 90 Senior Secondary students studying Malhs, English. Science. and Government. Mental Healih Support.. We continued iraining parents to become Mental Healih First Aid Champlons. contrlbuting to stronger family and community mental health support. 3. Plansfor2025126 Flnanclalyear Mentorlng Program Expanslon.. We will continue the"From Classroom to Boardroom" program, focusing on leadership and prolesslonal developmeni foryoung people aged 13-18. We will do more in pefson mentoring workshops In addition to online.
Academlc Support In Coresublects: Seek funding io restart academic support and tutoring programs in Maihs, English, and Science. STEM Programs= Expand STEM workshops to expose young people to careers in science. technology, engineering, and mathematics. Menlal Health & Wellbelng- Continue supporting children, young people, and parenls wlth mental health proyams and expand parenlal support Ihiough furthei Mental Health First Aid tiainlng. Dlgltal Skllls Tralnlng: Offer digltal skills workshops for young people and their parenis io enhance employability and technologlcal proficiency. Expansion of Nigerian Projects- Explore opportunitie5 to support more students in Nigeria and visit Ihe Nigeria project site to assess progTe5s and needs. Hybrld Program Contlnuatlon: Maintain hybrid formats for our programs to leach bioader audiences in both the UK and Nigeria. olher iniliatives. Corporate Partnershlps: Forge new partnerships with corporaie organizaiions to support leadership development and Recrultment.. Seek lundingto hire an additional staff member to support progfam growth and operational needs. APPROVAL This report was approved by the trustees on 0310312026 and signed on their behalf by: Mr. Bayo avid Rufai Chairman Tiusiees Board
KINGSGEN FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST MAY 2025
| Income | Notes | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| Restricted | Unrestricted | Total | ||||
| Donation | 2 | 27284 | 27284 | 30836 | ||
| Grants | 2 | 0 | 0 | |||
| Total Operating Income | 0 | 27284 | 27284 | 30836 | ||
| Expenditure | ||||||
| Total Expenditure | 3 | 0 | 25717 | 25717 | 41753 | |
| Net Income | 0 | 1567 | 1567 | -10917 | ||
| Bal Bf | 90 | 3925 | 4015 | 14932 | ||
| 90 | 5492 | 5582 | 4015 |
All amount relates to continuing activities. There is no recognised gains and losses other than those dealt with in the above statement of Financial Activities
The notes on pages form part of these financial statements.
Kingsgen Foundation Notes to the accounts for the year ended 31 May 2025
1 Accounting Policies
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a) The accounts have been prepared in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting
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b) by Charities (SORP) 2000. Voluntary income is received by way of donations
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and gifts and is included in full in the Statement of Financial Activities when received. Provision is made for tax unclaimed at the year end.
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c) Resources expended are recorded in the period in which they are incurred and include attributable VAT which cannot be recovered.
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d) Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets certain criteria is identified to the relevant fund.
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Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.
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e) Fixed assets used by the charity in fulfilling its charitable objects and are capitalised and depreciated. Depreciation is provided at rates considered appropriate to reduce book values to estimated residual values over the useful lives of the assets concerned. Depreciation is provided on equipment at 33% p.a. on the reducing balance method.
| 2 Income & Endownment Donations and Grants Organisation-Grants NCLF Organisation Donation Total Conference donations Stationery Refund Regular General Donations Donation one Off Debating Donations Laptop Donations International school Project Donations online Donation University Trip Donation Coding Income Gift Aids Donation Mentoring Insurance refund Hotel Refund Volunteer Exp Refund Admin Refund Training Refund Total Income |
Restricted Unrestricted Total 2025 2024 0 0 1250 1250 3450 0 1250 1250 3450 0 0 95 0 85 85 6647 0 10526 10526 615 0 2595 2595 5200 0 0 0 7785 0 0 0 184 0 560 560 4010 0 108 108 0 7176 7176 0 0 0 0 0 0 4937 4937 2740 0 0 0 0 0 0 0 0 0 0 0 109 0 0 0 0 0 0 0 0 0 48 48 0 |
|---|---|
| 0 27284 27284 30836 |
Kingsgen Foundation
Balance Sheet
AS AT 31 MAY 2025
| Notes | 2025 | 2024 | ||
|---|---|---|---|---|
| Fixed Asset | 4 | 0 | ||
| Current Assets | 5 | 27013 | 25,446 | |
| 588 | ||||
| 27103 | 26,034 | |||
| Current Liabilities | ||||
| CreditorsAmounts due within one year | 6 | 4729 | 6,197 | |
| CreditorsAmounts due after one year | 7 | 4431 | 3,000 | |
| Deffered Income | 8 | 12361 | 12,822 | |
| Net Current Assets | 5582 | 4,015 | ||
| Total net assets(Liabil!ties) | 5582 | 4,015 | ||
| Unrestricted | 5,492 | 3,925 | ||
| Restricted | 90 | 90 | ||
| General Fund | 5,582 | 4,015 |
The notes on page 6-7 form part of these accounts
For the year ending 31st May 2025 the company was entitled to exemption from audit under
The members have not required the company to obtain an audit in accordance with section 476 of the company Act 2006 session 477(2) of the Companies Act 2006 The directors acknowledge their responsibilities for:
i)ensuring the company keeps accounting records which comply with section 386
ii)preparing accounts which give a true and fair view of the state of affairs of the company as at the of the financial year, and of its profit or loss for the
financial year, in accordance with the requirements of section 393 and which otherwise comply with the requrements of the companies Act relating to accounts, so far as is applicable to the company.
The financial statements was approved by the Board on 03 March 2026
Chairman Trustee
| 3 Expenditures Restricted Unrestricted Total Charitable Debating and Mentoring 0 0 0 572 Trainers, Facilitators and consultancy 0 18710 18710 24825 University Trip Travel 1500 1500 1054 university Trip Expenses 1120 1120 0 Conference Seminars and Workshops 0 0 0 0 Study Support 0 200 200 0 Parenting Workshops 0 0 0 0 Digital & Coding Workshops 0 0 0 0 Covid - 19 Film 0 0 0 0 Active & Creative Mind 0 0 0 1210 Venue 0 492 492 252 Adverts & Publicity 0 27 27 0 Subscription 0 0 0 75 Travel 0 0 0 0 Hospitality 0 610 610 978 Training 0 289 289 0 IT Softwares 0 62 62 394 Website hosting and Maintenance 0 172 172 0 Fundraising expenses 0 253 253 0 IT & PA Equipment 0 0 3154 Depreciation and Write off 0 0 0 0 Office Expenses 0 0 1799 Volunteers Expenses 480 480 668 Stationeries, Telephone and Postages 0 443 443 1122 International school project 0 1051 1051 0 Insurance 0 118 118 820 Admin and Legal Expenses 0 68 68 3806 Scholarship and Laptop Donation 0 0 0 325 Collaboration/Donation 0 50 50 240 Donation Refund 0 0 0 374 School Trip 0 0 0 84 Bank Charges 0 73 73 0 Total 0 25717 25717 41753 5 Current Assets Cash at bank 27013 Cash at Bank 27013 |
3 Expenditures Restricted Unrestricted Total Charitable Debating and Mentoring 0 0 0 572 Trainers, Facilitators and consultancy 0 18710 18710 24825 University Trip Travel 1500 1500 1054 university Trip Expenses 1120 1120 0 Conference Seminars and Workshops 0 0 0 0 Study Support 0 200 200 0 Parenting Workshops 0 0 0 0 Digital & Coding Workshops 0 0 0 0 Covid - 19 Film 0 0 0 0 Active & Creative Mind 0 0 0 1210 Venue 0 492 492 252 Adverts & Publicity 0 27 27 0 Subscription 0 0 0 75 Travel 0 0 0 0 Hospitality 0 610 610 978 Training 0 289 289 0 IT Softwares 0 62 62 394 Website hosting and Maintenance 0 172 172 0 Fundraising expenses 0 253 253 0 IT & PA Equipment 0 0 3154 Depreciation and Write off 0 0 0 0 Office Expenses 0 0 1799 Volunteers Expenses 480 480 668 Stationeries, Telephone and Postages 0 443 443 1122 International school project 0 1051 1051 0 Insurance 0 118 118 820 Admin and Legal Expenses 0 68 68 3806 Scholarship and Laptop Donation 0 0 0 325 Collaboration/Donation 0 50 50 240 Donation Refund 0 0 0 374 School Trip 0 0 0 84 Bank Charges 0 73 73 0 Total 0 25717 25717 41753 5 Current Assets Cash at bank 27013 Cash at Bank 27013 |
3 Expenditures Restricted Unrestricted Total Charitable Debating and Mentoring 0 0 0 572 Trainers, Facilitators and consultancy 0 18710 18710 24825 University Trip Travel 1500 1500 1054 university Trip Expenses 1120 1120 0 Conference Seminars and Workshops 0 0 0 0 Study Support 0 200 200 0 Parenting Workshops 0 0 0 0 Digital & Coding Workshops 0 0 0 0 Covid - 19 Film 0 0 0 0 Active & Creative Mind 0 0 0 1210 Venue 0 492 492 252 Adverts & Publicity 0 27 27 0 Subscription 0 0 0 75 Travel 0 0 0 0 Hospitality 0 610 610 978 Training 0 289 289 0 IT Softwares 0 62 62 394 Website hosting and Maintenance 0 172 172 0 Fundraising expenses 0 253 253 0 IT & PA Equipment 0 0 3154 Depreciation and Write off 0 0 0 0 Office Expenses 0 0 1799 Volunteers Expenses 480 480 668 Stationeries, Telephone and Postages 0 443 443 1122 International school project 0 1051 1051 0 Insurance 0 118 118 820 Admin and Legal Expenses 0 68 68 3806 Scholarship and Laptop Donation 0 0 0 325 Collaboration/Donation 0 50 50 240 Donation Refund 0 0 0 374 School Trip 0 0 0 84 Bank Charges 0 73 73 0 Total 0 25717 25717 41753 5 Current Assets Cash at bank 27013 Cash at Bank 27013 |
|---|---|---|
| 0 25717 25717 41753 |
||
| 27013 27013 |
6 Creditors less than one year
| Core Cost (Office) 7 Creditors more than one year Consultancy 8 Deferred Income International school Support 11 Fund Balance on 31st May 2025 are represented by Restricted Unrestricted Total Fund |
4729 |
|---|---|
| 4431 | |
| 12361 | |
| 90 5492 |
|
| 5582 |
11 Staff & trustees
The organisation had no employee during the year. All of its activities are undertaken
by hired professionals and Volunteers
None of them earned salary during the period above £60000