KINGDOM LIFE ASSEMBUES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE REGISTERED CHARfTY NUMBER.. 1173599 REGisfERED COMPANY NUMBER: 11903791 REPORTOF THE TRUS7EESAND STA TEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2021 FOR KINGDOM LIFEASSEMBLIES OF GOD
KINGDOM LIFE ASSEMBLIES OF GOD CHARITABLE COMPANY UMITED BY GUARApifEE TABLE OF CONTEMtS LEGAL AND ADMINISTRATIVE INFORMATION.................................................................................... ANNUAL REPORT OF THE TRUSTEES FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021............ STATEMENT OF TRUSTEES RESPONSIBILITIES.................................................................................... INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGDOM LIFE ASSEMBLIES OF GOD 10 STATEMENT OF FINANCIAL AcfiviTIES FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021......11 BALANCE SHEtr A5 AT 31 MARCH 2021 ..........................................................................................12 NOTES TO THE FINANCIAL STATEMENTS..........................................................................................13
KINGDOM LIFE ASSEMBUES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE
KINGDOM LIFE ASSEMBUES OF GOD CHAR ABLE COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINisfRATIVE INFORMATION REGISTERED CHARITY NUMBER 1173599 REGISTERED COMPANY NUMBER I13791 REGISTERED OFFICE: 15 Old Brewery Close Aylesbury, Buckingham HP217SH TRUSTEES MrJamesAfrifa Frimpon8-Chairman Mrs Edna Agha-Kuofie Miss Nana Yaa Frema ACCOUNTAPITS The Strategy Corporation Limited Chartered Certified Accountants 50 Badgers Way Buckingham MK187HL BANKERS HSBC Bank 19 Midsummer Place P O Box 1888 Milton Keynes 8uckinghamshire MK9 3GB
KINGDOM UFE ASSEMBLIES OF GOD CHARITABLE COMPANY UMITED BY GUARAPITEE ANNUAL REPORT OF THE TRusfEES FOR THE 15 MONTH PERIOD ENDEO 31 MARCH 2021 KINGDOM LIFE ASSEMBLIES OF GOD IKLASSAOG) is church in fellowship with Assemblies of God. Incorporated in Great Britain. Registered Charity No= 1173599. The Trustees of the charity present their report with the financial Statements of the charrty for the 12-month period from l April 2020 to 31" March 2021. The financial ststements comply with the Charities Act 2011 and have adopted the provisions of Accounting and ReportinE by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of I[and {Charttie5 SORP FRS 102. update Bulletin 11. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing docunnt The charity is controlled by its governing document estsblished in the Constitution of the Church. Recruitment and appointment of new Trustees The Trustees who held office during the financial year and at the date of this report are set out on page 3. The Trustees are elected by the church in accordan with the rules set out in the Constitution. The method of appointment of the Church Council is also set out in the Church Constitution. A new Trustee was appointed to replace another for the period under review. Indurtlon and training of new Trustees Trustees must demonstrate strong ethical values towards the church. All new Trustees are given, in the view of the Board of Trustees. sufficient training and have enough knowled8e of their specific fieldlsl to understand the nature of the charity and ully comply with the charity's aims and objerttves. They are required to participate in an orientation day to ensure they are aware of both their legal and professional responsibilities under charity and company law. Trustees are updated on development of church activities on a regular basi5. Organisational structhre A four-member Board of Trustees is responsible for the strategic management and direction of the charity- The Board of Trustees and Council members have the responsibilFty of cooperating Wlth the Reverend Minister in promoting the whole mission of the Church- pastoral, evangelistic. social and ecumenical. The Trustees give their time on a voluntary and unpaid basis. The Church Council has wide resporbsibilities. It has a number of committees: each dealing with a particular aspect of church life. These committees which include musiclworship, events. outreach, welfare. and finance are accountable to and report back to the Board o Trustees and Church Council on regular basis. Rlsk management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees and the spiritual leadership are aware of the major risks facing the charity and have policies in place to manage them. They review these policies and ensure they are well documented and up to date. This is done through discussions at trustee meetings to ensure comprehensive planning is in place to mitigate any identified risk. The trustees have a risk management Strategy which comprises: regular financial review to ensure the continuity of charitable activities,. ensuring all equipment are in good conditton and safe for use- Competence based training for volunteers and trustees: liability insurance,- Monitoring of new le8islatrve requirements: Policies and procedures for children and vulnerdble adults. protection,. Health and safety risks
KINGDOM LIFEASSEMBUES OF GOD CHARITABLE COMPANY LIMrrED BY GUARANTEE OBJEcnvES AND ACtivmES Objectives and Purposes In accordance with its governing document, Kingdom Life Assemblie5 of God Church is committed to enabling as many people as possible to worship at our church and to become part of our community. The trustees and the church council maintain an overview of worship throughout the church and constantly seek ideas on how our Services can involve the diverse population and groups that live within the community. Our services and worship put favth into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the Board of Trustees has considered the Charity Commission's guidance on public benefit and. in particular. the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church communitythrough.. Worship and Prayer. learning about the Gospel- and developing their knowledge and trust in Jesus. Provision of pastoral Ca for pastors. Missionary and outreach work. Education and training The Trustees are aware of the Charwty Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and have re8ard to that guidance in their administration of the charity. The Trustees believe5 that this report provides evidence of the public benefit of the charity's work for the 15- month period to 31" March 2021. AcfiviTIES AND PERFORMANC Charitsble activities Worship and Prayer Kingdom Life Assemblies of God Church continue to offer a range of services during the week and over the course of the year. The church and the community find these services beneficial which promote their spiritual growth. Education, Missions and Evangeli5rn Kingdom Life Assemblies of God Church continue to educate and help those in need and members are encouraged to take learning opportunities to facilitate their growth. Outreach- Missions and Evangelism Kingdom Life Assemblies of God Church have partnered with Churches in England and Africa to propagate the gospel. Many people are reached for God through the use of media and personal evangelism in the UK. Pastoral Care Pastoral visits were made to as many people as were willin8 to access this service. Counselling demand was again high this year as more people reached forward for effective counselling.
KINGDOM LIFE ASSEMBLIES OF GOD CHARITABLE COMPANY UMITED BY GUARA14TEE Volunteers In this financial year. KLASSAOG has continued to rely on volunteers for its work in meeting the needs of its members and the general public. Without this support, KLASSAOG would have had to incur significant staff costs. The workers in the charity include administration staff, musicians. Sunday school teachers, the deacon5, ushers and technical tearn who all volunteer their services without any pay. It is difficult to quantify this in our financial Statements however we are aware this will be a significant cost to the charity i* all volunteers were paid for their services. The Trustees of the charity would like to express their on- going appreciations to all valued members of the various departments in the church for their valuable contribution in keeping the church operational. The Trustees were able to begin a new church in Milton Keynes in August 2021. Future Plans The mediumllong term aims of the charity are outlined below. The Trustees are keen to expand the charttys activities to other parts of the UK and have a medium to long term goal of planting a new church in Leicester. This is predicated on finding a suitable facility that can be used as a church building. Secondly. they are also planning to acquire a permanent place of worship for the church and are working towards ensuring that this goal is achieved WFthin the next five years. This will enable them provide additional charitable services to the community and further meet the objects of the Charity. Internal and external factors The Trustees have made a full assessment of the intemal and external factors that may affect these financial statements and do not consider that there are any addttional material items which need to be reported to arrive at a true and fair understanding of them. FINANCIAL REVIEW Financial Perfomiance Total income generated during the year wa5 £41,53812020.. £61,996) a year-on-year decaSe of 33% mainly driven by a reduction in actiVFties due to the covid pandemic. Income from tithes and offerings constitutes 79%12020." 81%} of the charivs total income. Unrestricted income accounted for 100% of the total income and comprised of church offerings/tithes of £32,925 12020.. £50,414), donations of £26012020= £2601 and 8ift aid claims of E8,35312020= £11.322). There was no restricted income received in the period. The Trustees are confident that the charitrfs income will bounce back when things start getting backto nom)al afterthe pandemic Total expenditure incurred on charitable artivities was £42,387 {2020= £58,813) which represents 102% 12020: 95%) of income generated. This expenditure comprises costs incurred on ministry costs as well as support costs including depreciation. insurance. vehicle and other operational expenses. Costs incurred on charitable atttvities directly undertaken were £23.45812020: £36,703) and represents 55% of total expenditure12020: 62%) a reductton of £13.245 compared to last year. Support costs incurred were £18,92912020= £22.1101. a decrease of 14% year on year. This decrease is driven by a reduction in insurance and vehicle expenses. Year on year decrease in support costs excluding depreciation was 17%. Total net movement in funds for the year was therefore a deficit of £849 (2020: surplus £3,183) all related to unrestricted activities.
KINGDOM LIFE ASSEMBUES OF GOD CHARITABLE COMPANY UMrrED BY GUARANTEE Total funds carried forward on 31 March 2021 15 £5,20412020: £6.0531. Restrlcted Fund There were no restricted funds during the period of review12020= nil) Reserves policy It is KLASSAOG'S policy that unrestritted funds not presently committed or invested should be maintained at the level equivalent to two months, expenditure in order for KLASSAOG to continue pursuing its activities should there be a period of reduced income. The Trustees acknowledge that unrestricted funds carried forward which is 1.6 months is just below this policy and are working hard to increase the charivs income to meet all expenses and subsequently build up a reserve balance that meets this policy. Investment policy and objertives Under the Memorandum and Articles of Association the Trustees have the powers to invest in any way the Trustees deem fit and to direct the sale or transposition of any such investment5 and to expend the proceeds of any such sale in furtherance of the objects of the Charity- For the period under review, the Trustees did not undertake any such investments. but funds which are not immediately needed may be invested in short term deposits. Overall, the charity has experienced another blessed and fuffillirE year and expects to exceed its performance next year.
KINGDOM LIFE ASSEMBUES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees including responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United KinEdom Generalfy Accepted Accounting Practice. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable compary and of the incoming resources and application of resources. including the income and expenditure. of the charitable company for that period. In preparing those financial statements. the Trustees are required to selett suitable accounting wlicies and then apply them consistently; - observe the methods and principles in the Charity SORP- - make judgements and estimates that a reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will Continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company.
KINGDOM LIFE ASSEMBUES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF KINGDOM UFE ASSEMBLIES OF GOD I report on the financial staternents of the charity for the 12-month period 1st April 2020 to 3151 March 2021, which are set out on pa8es 10 to 16. Respective responsibilities of Tntstees and examiner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under sertion 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. l am qualwried to undertake the examination by being a qualified Fellow and Practising Member of the Association of Chartered Certified Accountants. The charivs gross income however does not exceed E250,(XKI. Having satisfied myself that the charity is rtot subjert to audtt under company law and is eligible for independent examination, it is my responsibility to= l. Examine the accounts under section 145 of the Charlties Act: 2. To follow the procedures laid down in the general Directions given by the Charity Commission under section 1451Sllb) of the Charities Act- and 3. To state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair viev/ and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination. no matter has come to my attention: l. Which gives me reasonable cause to believe that in any material respect the requirements= o to keep accounting records in accordance with section 131 of the Charities Act: and to prepare accounts which accord with the accounting records, comply with the accounting requirements and with the methods and principle5 of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 2. Which in my opinion, attention shoukl be drawn in order to enable a proper understanding of the accounts to be reached. J A Y Clarke, FCCA MBA BA The Strategy Corportition Ch(Jrtered Certified Accountonts ond Monogement Consutsonts 50 Badgers Way Buckingham Buckinghomshire MK18 7HL 13 Jonuory 2022 io
KINGDOM LIFE ASSEMBLIES OF GOD CHARITABLE COMPANY UMITED BY GUARA1EE STATEMENT OF FINANCIALACTIVITIES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2021 2021 2021 2021 2020 Notes Unrestricted Restricted Funds Funds Total Funds Total Funds INCOME FROM: Donations and legaoes 41,538 41.538 61,996 TOTAL 41,538 41,538 61,996 EXPENDITURE ON: Charitable Activities 42.387 42387 58.813 TOTAL 42,387 42,387 58,813 Net income/lexpenditure) {849) {8491 3.183 Net movement in funds {849) {849} 3,183 Reconaliation of Funds Total funds brought forward Total funds carried forward 6,053 5,204 6,053 5.204 2,870 6.053 The Statement of financial activities includes all gains and losses Cognised in the during. All income and expenditure derive from continuing activities. li
KINGDOM UFE ASSEMBLIES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE BALANCE SHEET AS AT 31 MARCH 2021 Notes 20 2020 Fixed Assets Tangible Assets 1,719 4,087 Current Assets Oebtors Cash at Bank afid in hand 53,965 53,965 3,246 3,246 Creditors: Amounts falling due within one year Net Current Assetsl{liabilitie51 14801 1,2801 53.485 1.966 Total assets less current liabilities 55.204 6.053 Creditors-. Amounts falling due after one year 150.OCK)I NET ASSETS 5.204 6,053 Funds of the charity Restritted Funds Unrestricted Funds 5,204 6,053 TOTAL FUNDS 5,204 6,053 The notes on pages 13 to 16 form part of these accounts Approved by the Board of Trustees on 16 January 2022 and Signed on their behalf by . ITrU5fEEI James frifa Frimpong 12
KINGDOM UFE ASSEMBLIES OF GOD CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TOTHE FINANCIALSTATEMENrs I. ACCOUNTING pouaES (al Basis of Accounting The financial statements have been prepared under the historical cost convention. and in accordance with the requirements of Accounting and Reporting by Charities- the Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the with the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland Icharities SORP FRS 102, update Bulletin 11. Ib) Income Income is included on the SOFA when the charity becomes legalty entitled to the resources,. and the monetary value can be measured with Sufficient reliability. (cl Expenditure Expenditure is accounted for on on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actsvities on a basis consistent with the use of resources. (dl Tangible fixed assets Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or. if held under a finance lease, over the lease term, whichever is the shorter. Fittings & Equipment= lal Computer Equipment- 33.3% on cost Ibl Technical Equipment- 20% on cost Icl Furniture and Fixtures- 20% on cost MotorVehicles-20% on c05t (e) Stocks Stocks are valued at the lower of cost and net realisable value. after allowing for obsolete and slow-moving item5. (fj Taxation The charity is exempt from corporation tax on its charitable actrvities. (g) Fund accounting Unrestricted fvnds can be used in accordance with the charitsble objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. {h) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the Trusteeg annual rewrt. ti) Golng Concern The accounts have been prepared on the Going Concern basis and the Trustees are not aware of anv reason why this does not apply.
KINGDOM UFE ASSEMBUES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE 2. ANALY515 OF OONATIONS AND LEGAaES unstrICted Funds Restrirted Funds Total 2021 Total 2020 Donations Gift Aid Receipts Tithes/Offerings 2fA) 8353 32,925 41538 260 19.268 11,322 31,406 61.996 8.353 32,925 41.538 ANALYSIS OF EXPENDITURE ON CHARITABLE ACtIVlTIES Activities undertaken dirertly Support Costs Total Z021 Total 2020 Welfare Evangelism and Special Evenl Conferences and Meetings Ministry expenses Vehicle expenses Operational expenses Depreciation Expense Professional Fees Insuran Entertainment & Hospitality Telephone & Internet Bank Charges Sale of Asset 1350 1,350 i(x) 4.692 1,190 30.721 8.446 4,4H3 2,137 516 30 22.078 22,078 3,2( 9.058 2.368 3.206 9.058 2368 505 2,421 2,421 1.522 1.522 1,468 90 11501 18,929 1150} 42,387 23.458 58,813 4. GOVERNANCE cosrs These are costs associated with the govemance arrongements of the chartty which relate to the general running of the charity- The costs will nomially include internal and external audit, legal advice for Trustees and costs associated with constttutional and statutory requirements and any other costs associated with the strategic as opposed to day-to-day management of the chanvs activities. No governance costs were incurred during the year12020: nil) 14
KINGDOM UFE ASSEMBLIES OF GOD CHARITABLE COMPANY UMITED BY GUARANTEE TTU5tees and Related Parties Other than Trustees who also act as key management personnel, no payments or re-imbursements for out-of-pocket expenses were made to Trustees or other third parties during the year12020.' nil) Under this financial year. there has not been any remuneration incurred to any Trustee 01 their family members. The Charity has however benefited significantly from Trustees and their contributions to the charity. All Trustees and their family contribute through tithing and offerings and regular donations. Analysis of staff costs, trustee rernuneration and expenses, and the cost of key management personnel Key management personnel are those deemed to be those having authority and responsibility. delegated to them by the trL¢Stees, for plannin& directing and controlling the artNities of the church. During the year this was Pastorjames Afrifa FrimwnE. Remuneration and expenses for Pastor Afrifa Frimpong in this capacity was as follows= 2021 2020 Remuneration 7,1 Fees for examination or audit of the accounts Total paid and accrued in the accounts for the statutory extemal scrutiny of accounts or other services provided by the independent examiner v5 £50512020= £5161 5. FIXED ASSErs xtures. Fittings and Equipment Motor Vehicles Tangible Assets Cost or wdluation Balan brought fotward Additions At the end of the year Totsl 5,106 1.118 6,224 5.106 1.118 6.225 Depreuation and Impalmnts Balance brought fotward Impairment charges Charge for the year At the end of the year 2.1(Kl 37 2,137 2,144 4.245 224 261 2,368 4.505 Net Book Value At the beginning of the year At the end of the year 3.(K)6 1,081 4,087 862 858 1.719
KINGDOM LIFE ASSEMBLIES OF GOD CHARITABLE COMPANY LIMITED BY GUARANTEE 6. CREDITORS: AMOUNTS FALLING DUE wmiiN ONE YEAR Other Creditors relate to technical equipment purchased on credit terms. 2021 2020 Other creditors Accruals 800 480 480 1,280 7. CREDITORS: AMOUNTS FALLING DLIE AFTER ONE YEAR 2021 2020 Long term creditors {BBL) 50,0(K) 50,000 8. ANALYSIS OF CHARITABLE FUND5 Analysis of movements in Funds- Current year Balance ljan 2020 Transfer EXPend*u between funds FUNDS Income 31 Mar2021 Restricted= Unrestricted.. General fuftds 6,053 41,539 142.387} 5,204 Total Funds 6,053 41.539 142.387 5.204 Analysis of mo¥Ements in Funds- Previous year Balan l Jan 2019 Twansfer Expenditure been funds Balance 31 Dec 2020 FUND5 Iorne Restricted: Unrestritted.. Generèl fvnds 2.870 61.996 158.8131 6,053 Total Funds 2,870 61,996 158.8131 6.053 16