KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMrfED BY GUARANTEE REGISTERED CHARITY NUMBER: 1173599 REGisfERED COMPANY NUMBER: 11903791 REPOR T OF THE TRUSTEES AND STA TEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2022 FOR KINGDOM LIFEASSEMBLIES OF GOD CHURCH
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE TABLE OF CONTEP LEGALAND ADMINISTRATIVE INFORMATION..................................................... .........-........... ... ANNUAL REPORT OF THE TRUSTEES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2022............ STATEMENT OF TRUSTEES RESPONSIBIUTIES........ ..... . INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF KINGDOM LIFE ASSEMBLIES OF GOD 10 STATEMENT OF FINANCIAL AcfiviTIES FOR THE 12 MONTH PERIOD ENDED 31 MARCH 2022......11 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 . .12 NOTESTO THE FINANCIAL STATEMENTS..........................................................................................13
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE
KINGDOM UFE IL55EMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE LEGAL AND ADMINisfRATIVE INFORMATION REGISTERED CHARITY NUMBER 1173599 REGISTERED COMPAIIY NUMBER 11903791 REGISTERED OFFICE: 15 Old Brewery Close Aylesbury, Buckingham HP217SH TRUSTEES Mr James Afrifa Frlmpong- Chalrman Mrs Edna Agha-Kuofle Miss Nana Yaa Frema ACCOUNTANTS The Strategy Corrx)ration Limlted Chartered Certified Accountants 50 Badgers Wav 8ucklngham MK18 7HL BANKERS HSBC Bank 19 Midsummer Place P O Box 1888 Milton Keynes Buckinghamshire MK9 3GB
KINGDOM UFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE ANNUAL REPORT OF THE TRUStEES FOR THE 12 Moimi PERIOD ENDED 31 MARCH 21W KINGDOM LIFE ASSEMBLIES OF GOD {KLASSAOG} is church in fellowship with Assemblies of God. Incorporated in Great Britain. Re8iStered CharTty No= 1173599. The Trustees of the charity present their report with the financial statements of the charity forthe 12-month period from l April 2021 to 31" March 2022. The financial statements comply with the Charities Act 2011 and have adopted the provisions of Accounting and Reportin8 by Charities: Statement of Recommended prarti applicable to charities preparing their accounts in accordartce Vth the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland Icharities SORP FRS 102. update Bulletin 11. STRucfuRE, GOVERNANCE AND MANAGEMENT Go¥ernln8 document The charity Is controlled by its goveming document established in the Constitution of the Church. Recrultment and appolntmont of new Tntstees The Trustees who held offke during the financlal year and at the date of this report are set out on page 3. The Trustees are elected by the church In accordance 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 tralnlng of new Trurtees Trustees must demonstrate strong ethical values towards the church. All new Trustees are gNen, in the view of the Board of Trustees. sufficient training and have enough knowledge of their specific fieldlsl to understand the nature of the charity and fully comply with the charity's aims and objertives. They a required to participate in an orientation day to ensure they are awa of both their legal and professional responsibilities under charity and company law. Trustees are updated on development of church activities on a regular basls. Organlsatlonal structur• A four-member Board of Trustees Is responsible for the strategic management and directlon of the charity. The Board of Trustees and Council members have the responslbiSity of cooperatin8 With the Reverend Minister in promoting the whole mission of the Church- pastoral. evan8elistlc, social and ecumenical. The Trustees give their time on a voluntary and unpaid basis. The Church Council has wide responsibilities. It has a number of committees,. each dealing with a particular aspect of church life. These committees which include muslclworship, events, outreach, welfare. and finan are accountsble to and report back to the Board of Trustees and Church Council on re8ular 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 diScU10n5 at trustee meetings to ensu 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 charttable activities: ensuring all equipment are in good condttion and safe for use; Competence based trainiTra for volunteers and trustees: liability insurance- Monitoring of new legisiatNe requirernents: Policies and procedures for chlldren and vulnerable adults. protection- Health and safety risks
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMfTED BY GUARANTEE OBJEcfivES AND AcrivmES Objertlves and Purpose5 In accordance with its governing document. Kingdom Life Assembl$ of God Church is committed to enabling as many people as possible to worship at our church and to become part of our communlty. The trustee5 and the church council maintain an overview of worship throughout the parish and ¢onstant seek ideas on how our services can involve the dwerse population and groups that live within our parlsh and the communtty- Our services and worship put faith into prartice throu8h prayer and scripture, music and sacrament When plannin8 our activltles for the year, the Board of Trustees ha5 considered the Charity Commission's guidance on public benefit and. in particular. the specific guidance on charities for the athancement of religion. In particutar. we try to enable ordinary people to live out their falth as part of our church community through: Worship and Prayer. leaming about the Gospel; and developing thelr knowledge and trust In Jesus. Provision of pastoral Ca for pastors. Mlssionary and outreach work. Education and trainin8 The Trustees are aware of the Charity Commission's guidance on public benefit in 'The Advancement of Rellgion for the Publlc Benefit" and have re8ard to that guidance In their administration of the charity. The Trustees believes that this report provides evidence of the public benefit of the charity's work for the 12- month period to 31 March 2022. AcfiviTIES AND PERFORMANCE Charltsble actlvltles Wor5hlp and Prnyer Klngdom Life A$5emblles 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. Educatlon, M1$51ons and Evanqelism Kingdom Life Assemblies of God Church continue to educate and help those in need and members are encouraged to take learnln8 Opportunities to facilitate their growth. Outre¥h- Mlsslon5 and Evan8ellsm Klngdom Life Assemblies of God Church have partnered with Churches in EngLqnd and Afrlca to propagate the gospel. Many people are reached for God through the use of media and personal evangelism in the UK. Pastoral Care Pastoral vlsits were made to as many people as were willing to access this service. Counselling demand was again high this year as MO people reached forward for effective counselling.
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE Voluntee In this financial year, KL45SAOG has continued to rely on volunteers for its vmrk in meeting the needs of its members and the 8eneral public. Without thi5 5UPPQrt. KLASSAOG would have had to incur significant Staff costs. The workers in the charity include administration Staff. musicians. Sunday school teachers, the deacons, ushers and technical team 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 if all volunteers were paid for their services. The Trustees of the charity would like to expres5 their on- going appreciations to all valued members of the various departments in the church for their valuable contribution in keeping the church operational. FUre Plans The mediumllong tem aims of the charty are outlined bek)w. The Trustees are keen to expand the charivs activitie5 to other parts of the UK and have a medium to lon8 term goal of planting a new church in Mitton Keynes and Leicester. Planting a church in Milton Keynes. by the grace of God has been fulfilled in August last year. They a now tryln8 to find a sultable faclllty that can be used as a chufch building for Leicester church. Secondly. they are also planning to acqui a pernlanent place of worship for the church and a workin8 towards ensuring that this goal is achieved within the next fNe years. This will enable them provide additional charitable serVIS to the comrnunrty and further meet the objects of the charlty. Internal and external facttys 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 additional material item5 which need to be reported to arrNe at a true and fair under5tandin8 of them. FINANaAL REVIEW FlnanclJl Perforniance Total income generated during the year wa5 £57,98212021: £41.5381 a year-on-year decase of 40% malnly drlven by a redtsciion In Income from offerln8S. Income from tithes and offerlngs constitutes 81%12021'. 79%) of the charity's total income. Unrestrlcted Income accounted for IfXJ% of the total income and comprised of church offering5/tithes of £46,775 12021.. £32,925), donations of £1.39512021- £2fA)l ènd gtft aid claims of £9,81112021.' £8,353). There vms no restricted income received in the period. The Trustees are confident that the reduction in the chariVs income will not have a detrimental impact on its activities in the comrnunity. Total expenditu incurred on charltable actlvttles was £59,24312021: £42,387) which represents 102% 12021: 102%) of income generated. Thi5 expenditure comprises costs incurred on ministry costs as well as support costs includin8 depreciation. insurance. vehicle. and other operational expenses. Cost5 incurred on charitsble actrrfities dirertly undertaken were £48,90712021: £32.516} and represent5 83% of total expenditure12021= 77%) an increase of £16,391 compared to last year. Support costs incurred were £10,33612021: £93721. an increase of 5% year on year. Total net movement in funds for the year wa5 therefo a defidt of £1.26112021: deficit £8491 all related to unrestricted activities. Total funds carried forward on 31 March 2022 is £3.94312021= £5.2041.
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE Restrleted Fund There were no restricted funds durin8 the period of review {2021: nil) Reseryes pollcy It is KLASSAOG'S policy that unrestricted funds not presently committed or invested should be maintained at the level equivalent to two months. expenditure for KLASSAOG to continue pursuing its artivities should there be a period of reduced income. The Trustees acknowledge that unrestricted funds carried forward which 15 0.8 months is below this policy and are working hard to increase the charitvs income to meet all expenses and subsequentty build up a reserve balan that meets this policy. Investment polky and oblectlves Under the Memorandum and Articles of AS$(latIOn the Trustees have the powers to invest in any way the Trustees deem fit and to direct the sale or transposltion of any such Investments 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 temi deposlts. Overall. the charity has experienced another blessed and fvlfilling year and eXts to exceed Its performance next year.
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE STATEMENT OF TRusfEES RESPONSIBILMES The Trustees including resnSIble for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and United Kingdom Generalty Accepted Accountin8 Practice. Company law requires the Trustees to prepare financial statements for each financlal year which give a true and fair view of the state of affairs of the charitable company 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 - selert Sultable accountin8 policies and then appty them consistent. - observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent: prepare the financial ststements on the 80ing concem basis unless It Is Inapproprlate to presume that the charltable company will continue in business. The Trustees are resp)nsible for keeping proper accounting records which dlsclose wlth reasonable accuracy at any tlme 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 safeguardlng the assets of the company.
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE INDEPENDENT EXAMINER'5 REPORT TO THE TRusfEES OF KINGI)OM UFE A55EMBUE5 OF GOD I report on the financial statements of the charity for the 12-month period 1st April 2021 to 31 March 2022, which are set out on pages 10 to 16. Re5Pertlve responsibilities of Tnee5 and examlner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under sectlon 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. l am qualified to undertake the examination by being a qualified Fellow and Practising Member of the Assoclatlon of Chartered Certified Accountants. The charivs gross income however does not exceed £250,CKKI. Having satisfied myself that the charlty Is not subjert to audit under company law and is eligible for Independent examination, It is my responsibility to: l. Examlne the accounts under section 145 of the Charftles Art; 2. To follow the procedures laid down in the general Direction5 given by the Charity Commlsslon under section 14515llbl of the Charities Art: and 3. To state whether particular matters have come to my attentlon. Basls of Independent examlnerfs report My examination was carrled out in accordance with the general directions grven by the Charlty Commission. An examination includes a review of the accountin8 records kept by the charity and a comparison of the accounts presented with those records. It also includes Consideration of any unusual items or disclosu$ 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 oplnlon is given as to whether the accounts present a'true and fair vie, and the report is limited to those matters set out in the statement below. Independent exarnlnerfs statement In connection with my examination. no matter has come to my attention: l. Which gives me reasonable cause to believe that in any materlal SpeCt the requirements: o to keep accounting records In accordance with section 131 of the Charitwes Att; and o to prepare accounts which accord with the accounting records, comply with the accountlng requirements and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met.. or 2. Which in my opinK)n. attentlon should be drawn in order to enable a proper understandin8 of the accounts to be reached. J A Y Clarke. FCCA MBA BA The Strategy Corporotion Chortered CertifiedAccountants ond Mantwement Consuttonts 50 Bodgers Way Buckinghom Buckinghomshire MK18 7HL 16Jt7nuary2023 io
KINGDOM LIFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE STATEMENT OF FINANCIAL AcrivmES FOR THE 12 MOPItH PERIOD ENDED 31 MARCH 2022 2022 2022 2021 Unrestricted Re5trirted Total Funds Funds Funds Total Funds INCOME FROM: Donations and LeaeS 57.982 57,982 41,538 TOTAL 57,982 57,982 41,538 EXPENDITURE ON: Charitable Actlvltles 59,243 59.243 42,387 TOTAL 59.243 59.243 42,387 Net Income/(expendfture) 11.2611 (1,2611 18491 Net mo¥ement In funds L261 1.161 1849) Recondllatlon of Funds Total funds brought forward Total funds arrled foTh¥ard 5,204 3.943 5.204 6,053 5,204 The statement of financial activities includes all gains and losses reco8nlsed in the durln8. All income and expenditure derive from continuing activities. li
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL posmoN AS AT 31 MARCH 2022 Flxed Assets Tangible Assets 1,719 Current Assets Debtors Cash at Bank and In hand 50,825 50.825 53,965 53,965 Creditors- Amounts falling due wlthln one year Net Current Auetsllllabllities) 49.845 53,485 T•t•l Jssets less current Ilab116ths 53,943 55.204 Credltors.. Amounts falling due after one year 150,(KK)I Iso,cthi Funds of the charlty Restricted Funds Unrestritted Funds 5.204 TOTAL FUNDS The notes on pages 13 to 16 form part of these accounts Approved by the Board ofTrustees on 16th January 2023 and Signed on their behalf by - rrRUSTEEI James Afrlfa Frimpong
KINGDOM UFE ASSEMBUES OF GOD (IIURCH CHARITABLE COMPANY UMITED BY GUARAPITEE NOTES TO ThE FINANCIAL sfATEMEpif5 I. ACCOUNTING POLICIES la} Bask of Accountlng The financial statements have been prepared under the historical cost cOnventn. and in accordance with the requirements of Accountin8 and Reportin8 by Charities- the Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the with the Financial Reportin8 Standard applicable in the United Kingdom ond Republic of Ireland Icharltles SORP FRS 102. update Bulletin 11. Ibl Income Income is included on the SOFA when the charlty becomes legally entitled to the resources,. and the monetary value can be measured with sufficient reliability. Icl Expefidlture Expenditure is accounted for on an accruals basis and has been classified under headings that a88re8ate all cost related to the category. Where costs cannot be directly attrlbuted to particular headings they have been allocated to actlvities on a basis conslstent with the use of resources. (d> T8Ible flxed assets Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each a55et over its estimated useful life or, if held under a finance lease, over the lease temi. whichever is the shorter. Flttin85 & Equipment: lal Computer Equipment- 33.3% on cost Ibl Technical Equipment- 20% on cost (¢1 Furniture and Fixtures- 20% on cost Motor Vehlcles- 20% on cost le) Stocks Stocks are valued at the lower of cost and net alisab value. after allowin8 for obsolete and 51ow-movin8 ktems. (n Taxatlon The charity is exernpt from corporatlon tax on its charitable activitie ) Fund accountln8 Unrestricted fvnds can be used in accordano with the charitable obiectlves at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Resirictions arise when specified by the donor or when funds are ralsed for particufar restritted purposes. (h) Volunteer help The value of any voluntsry help received is not included in the actounts but 15 described in the Trustees, annual pOrt. U) Going Conrn The accounts have been prepared on the Golng Concern basis and the Trustees are not aware of any reason why this does not apply.
KINGDOM UFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE 2. ANALYSIS OF DONATI(hYS AND LEGACIES Fund5 lJ95 9011 46.775 57.982 Funds Totsl 2022 1295 911 46,775 57.982 Total Z021 260 8,353 32.925 Donations Gift Aid Receipts TitheslOfferin8S ANALYSIS OF EXPENDITURE ON CHARITABLE AcmimES Artlvltles undertaken dlrertly pport Total 2022 Total 2021 Welfare Evangellsm and Speclal Evenl Conferences and Meetings Ministry expenses Operational expenses Vehicle expenses Depreciation Expense Professional Fees Insuran Entertainment & Hospltallty Telephone & Internet Bank Charges Sale of Asset 2( 1,350 910 910 3,521 30,964 13312 3.521 30,964 13,312 5.744 826 30 22,078 9,058 3,206 2,368 505 2,421 5.744 826 1,913 277 1.913 277 971 971 1,522 105 105 11501 42,387 48.907 IOJ36 59,243 4. GOVERNANCE COSTS These are costs associated with the governance arrangements of the charlty which relate to the general running of the charity. The costs will nornially include internal and external audit, legal advice for Trustees and costs associated with constitutional and statutory requirements and any other costs associated with the strategic as opposed to day-to-day management of the charivs actNities. No govemance costs we Incurred during the year12021: nil) 14
KINGDOM LIFE ASSEMBUES OF GOD CHURCH CHARITABLE COMPANY UMITED BY GUARANTEE Trustees and Related Partles Other than Trustees who also act as key management personnel, no payments or r&imbursements for out-of-pocket expenses were made to Trustees or other third part$ during the year12021: nil) Under this financial year, there has not been any remunerdtion incurred to any Trustee or their family members. The Charity has however benefited significantly from Trustees and their contributions to the charity. All Trustees and their family contribute thrOh tithing and offerings and regular donations. Analysls of staff costs, tntstee remUner0ft and expenses and the cost of key managernent personnel Key management personnel are those deemed to be those having authority and spOnSibl11ty. delegated to them by the trustees, for plannin& dirertin& and controlling the activities of the church. Durin8 the year this was Pastor James Afrifa Frimpong. Remuneration and expenses for Pastor Afrtfa Frlmpong in this capacity was as follow5: 2022 2021 Remuneratlon iO.LKK) 7.11) Fees for examlnatlon or audlt of the accounts Total paid and accrued in the accounts for the statutory external scnrtlny of accounts or other seNlces provided by the Independent examiner was £5CK)12021- £5051 5. FIXED ASSETS Ftsiures. Flttlnis •nd Equlpment Motor Vehicle5 Tanglble Assets Cost or waluatlon Balance brought forward Additions At the end of the year Total 5.106 3.204 8.310 1,118 6,224 3,204 9,429 1,118 Depredatlon and lmpalrnnts Balance broutht forward Impairment charges Charge for the year At the end of the year 4.245 261 4,505 602 4,847 224 826 5,331 Net Book Value At the be8inning of the year At the end of the year 862 857 1.719 634
KINGDOM UFE ASSEMBLIES OF GOD CHURCH CHARITABLE COMPANY UMrtED BY GUARANTEE 6. CREDITORS: AMoufiTS FAWNG DUE WITHIN ONE YEAR Other Creditors relate to technical equlpment purchased on credit ternis. 2021 Accruals 7. CREDITORS: AMoufiTS FAWNG OVE AFTER ONE YEAR 2022 2021 Long term credltors IB8L) 50,1XX) 50,(MX) 50,0 50.CKK) 8. ANALYSIS OF CHARITABLE FUNDS Analysls of rnov¢m¢nts In Fund5- Current year FUNDS IApr2Q21 JI hlor1022 Restritted.. Unrestritted.. Genenl bjnds 5,204 57,982 159,2431 3,943 Total Fund5 57.982 Analys15 of movements In Funds. Prevlous year •Tr¢e l••r2020 B*thnt• 31M•r2021 PJNDS tome lunds RestrSrted'. Unrestdcted.. General funds a53 41539 142.3871 5,204 Total FuTrds 6,053 41539 5.204