**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: - accounting records were not kept in accordance with section 130 of the Act or - 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 - a) The accounts have been prepared in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting - b) by Charities (SORP) 2000. Voluntary income is received by way of donations - 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. - c) Resources expended are recorded in the period in which they are incurred and include attributable VAT which cannot be recovered. - 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. - 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. - 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