## **KINGDOM IMPACT GRANTS** **TRUSTEES' REPORT AND ACCOUNTS** **FOR THE YEAR ENDED 31 AUGUST 2021** **Charity Registration No. 1174500** - 1 - Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 |**CONTENTS**|**Page**| |---|---| |Trustees' report
3 – 5
Independent Examiner’s report
6
Statement of financial activities
7
Balance sheet
8
Notes to the accounts
9 - 14|| Page | 2 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **Trustees’ annual report for the period:** From: 1[st ] .September 2020 To: August 31st. 2021 Charity name: Kingdom Impact Grants Charity registration number: 1174500 ## **Objectives and Activities** The charitable purpose of Kingdom Impact according to our foundational document is “The advancement of the Christian faith and the relief of need for the public benefit, by making grants of money to not for profit organizations in Tanzania, Malawi, South Africa or such other countries as the truste es ma y decide.” Grants are made in the context of long-lasting relationships between the beneficiaries and the donors which have been formed, primarily through All Nations Church, Bedford, and associated Churches in relationship to NewFrontiers, an international network of churches. Our practice is to seek relationships that would benefit from grants of money that relieve hardship and enable the creation of sustainable economic development. Grants are always provided in the context of advancing the Christian faith without prejudice as to race, creed, or other factors. The trustees follow the Charity Commission’s guidance on public benefit. ## **Achievements and performance** Kingdom Impact grants is now in its fourth year of operation with an increase in both income and expenditure. Covid 19 has dramatically impacted all our partners both those overseas and those we seek to help in the UK. In Africa, we continue to see considerable hardship as the population has been locked down by governments with very few vaccines made available. In the Mbeya Region of Tanzania, where we are very involved we are having many Covid related deaths with much hardship as families lose wage-earners. The whole economy is very depressed and farmers are holding onto their harvests because if they sell they will lose their investment - they are in a downward spiral of increasing poverty. However, in such desperate circumstances, our donors are responding tremendously to the need. A special acknowledgment needs to be made to the Catalyst Network who have provided grants to us for immediate response in the form of food distribution and Microfinance investments in small business. The emphasis this year has been to commence a number of Self Sustaining Programmes (SSPs) to enable small businesses and farming projects to have investment, support in order to increase income generation. Our Orphan and needy children support programmes have been reduced as a result of this but we may be forced to reconsider the decision as Covid induced poverty increases. Our fundraising project “Kingdom Impact Accounts” continues to provide sales income on a regular basis as some10 Churches, Charities, and businesses are signed up to our fund’s accounting licenses with other accounting services. The charity now requires the employment of a part-time accounting technician for continuity and resilience reasons and we hope to address this issue over the next 12 months. Page | 3 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **Financial Trends** ## **Financial review** The trustees have carefully considered risks and reserves during the financial year. The reserves (funds), both restricted and general, are allocated to projects according to the donor’s stated wishes or if income is unrestricted, then according to prioritized needs. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011, and the relevant version of the 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). Overall activity as measured by total outgoing resources was £120,839 (£78,774 in 2020) The increase in activity has occurred mainly in Tanzania as a result of increased donations being channeled to a country suffering very severely from the economy severely distressed as a result of Covid. We wish to thank our generous donors and especially the Catalyst Network who selected us as a partner for food distribution and microfinance projects in Tanzania. Uncommitted funds were £15,499 at year-end (£14,887 in 2020) ## **Structure, governance, and management** The charity is a “Charitable Incorporated Organisation” with 5 trustees. (2020: 4). Trustees are selected from those who have the requisite governance skills and interpersonal skills to effect change, development, and progress. Page | 4 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 Trustees meetings have been conducted by Zoom, Email, and telephone conversations with some socially distanced meetings with individual trustees. Governance has been greatly assisted by all records being online and accessible online by trustees. The Charity is totally dependent on volunteer help which is gratefully acknowledged. ## **Reference and administrative details** |Name|**Kingdom Impact Grants**| |---|---| |Another name the charity uses|Kingdom Impact| |Registered charity number|1174500| |Charity’s principal address|128 Putnoe Lane
Bedford, MK41 8LS| |**Trustee name**|**Office**|**Dates acted if not for the whole year**|**Appointed by:**| |---|---|---|---| |Jonathan Jeacocke||Appointed Feb 10th. 2021|Trustees| |Peter Rattu|||Trustees| |Janet Ingle|||Trustees| |Denis Spicer|||Trustees| |Mervyn Thomas|Chair||Trustees| ## **Declarations** The trustees declare that they have approved the trustees’ report above: Signed on behalf of the charity’s trustees/directors: **Mervyn Thomas** dated: September 21st. 2020 Page | 5 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 (This page is scanned from Independent Examiners original) Page | 6 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **Statement of financial activities** ||||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**| |---|---|---|---|---|---|---| |**Note**|||**funds**|**funds**|**2021**|**2020**| |**£**||||**£**|**£**|**£**| |**Income from:**||||||| |Voluntary Income
3
30,236||||65,809|96,043|64,461| |Activities for generating funds
3,407||||-|3,407|2,541| |Charitable Activities
-||||22,021|22,021|24,820| |**Total income**
**33,643**||||**87,830**|**121,471**|**91,822**| |||||||| |**Expenditure on:**||||||| |Generating funds
4
842||||-|842|1,388| |Raising funds
55||||-|55|-| |Charitable activities
210||||121,147|121,357|77,386| |**Total Expenditure**
**1,107**||||**121,147**|**122,254**|**78,774**| |||||||| |**Net income/(expenditure)**
**32,536**||||**(33,317)**|**(783)**|**13,048**| |Transfers between funds
7
(40,061)||||40,061|-|-| |**Net movement in funds**
**(7,525)**||||**6,744**|**(783)**|**13,048**| |||||||| |**Reconciliation of funds:**||||||| |Total funds brought forward
9,460||||5,427|14,887|1,839| |**Total funds carried forward**
**1,935**||||**12,171**|**14,104**|**14,887**| |||||||| Page | 7 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **Balance Sheet** ||||||||**Total**| |---|---|---|---|---|---|---|---| |||**Unrestricted**||**Restricted**|**Total Funds**||**Funds**| |Notes||**funds**||**funds**|**2021**||**2020**| |**£**||||**£**|**£**||**£**| |**Current assets**|||||||| |Debtors
5
1,669
1,669|||||||535| |Cash at bank and in hand
514||||12,171|12,685||15,137| |**Total current assets**
**2,183**||||**12,171**|**14,354**||**15,672**| ||||||||| |Creditors: amounts falling due within|||||||| |one year
6
(248)||||-|(248)||(785)| ||||||||| |**Net current assets/(liabilities)**
**1,935**||||**12,171**|**14,106**||**14,887**| ||||||||| |**Total net assets**
**1,935**||||**12,171**|**14,106**||**14,887**| ||||||||| |**Funds of the Charity**|||||||| |Unrestricted funds
7
1,935
1,935|||||||9,460| |Restricted income funds
7
12,171|||||12,171||5,427| |**Total funds**
**1,935**||||**12,171**|**14,106**||**14,887**| Signed on behalf of the trustees: Mervyn Thomas September 21st. 2021 Page | 8 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **Notes to the Financial Statements** ## **1. BASIS OF PREPARATION** ## 1.1 Basis of accounting The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity constitutes a public benefit entity as defined by FRS 102. ## 1.2 Changes to accounting estimates No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). ## **2. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period. ## 2.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. and in accordance with the Companies Act 2006 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. ## 2.2 Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Transfers are made from unrestricted to restricted funds as necessary to prevent restricted funds from going into deficit. ## 2.3 Incoming resources All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income, it is more likely than not that it will receive the resources and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of donations and gifts and is included in full in the SoFA when receivable. Grants are included in the SoFA when the general income recognition criteria above are met and in the case of performance-related grants income is Page | 9 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 recognized to the extent that the specified goods or services have been provided. Donated services and facilities are included at the value to the charity where this can be measured reliably. The value of services provided by volunteers has not been included in these accounts. Investment income is included when received. ## 2.4 Resources expended Expenditure is recognized on an accrual basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered, which is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the charity’s legal constitution. ## 2.5 Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at cash or other consideration expected to be received. ## 2.6 Creditors Creditors and accruals are recognized when liability for payment is recognized but not paid. ||||||||| |---|---|---|---|---|---|---|---| |**3. ANALYSIS OF INCOME**|||||||| |||**Unrestricted**||**Restricted**||**Total Funds**|**Total Funds**| |||**Funds**||**Funds**||**2021**|**2020**| |**Voluntary Income**||**£**||**£**||**£**|**£**| |Donations
26,775||||52,296||79,069|53,879| |Gift Aid
3,461||||13,515||16,974|10,582| |**Total Voluntary Income**
**30,236**||||**65,811**||**96,043**|**64,461**| |**Activities for generating funds**
Sales
3,407
-
3,407|||||||2,541| |**Total Activities for generating Funds**
**3,407**||||**-**||**3,407**|**2,541**| |**Charitable Activities**|||||||| |Incoming Grants
-||||22,021||22,021|**24,820**| |**Grand Total Incoming Resources**
**33,643**||||**87,832**||**121,471**|**91,822**| Page Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 |Kingdom Impact Grants
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For the period ending 31st.August 2021||||| |---|---|---|---|---|---|---| |**4. ANALYSIS OF EXPENDITURE**||||||| |||**Unrestricted**||**Restricted**|**Total Funds**|**Total Funds**| |||**Funds**||**Funds**|**2021**|**2020**| |**Expenditure on generating funds**||**£**||**£**|**£**|**£**| |Equipment
-||||-|-|629| |Office Costs
171||||-|171|47| |Website
262||||-|262|87| |Software Development||409||-|409|550| |**Total expenditure on generating funds**||**842**||**-**|**842**|**1,388**| |**Expenditure on raising Funds**||||||| |Publicity
55||||-|55|75| |**Total expenditure on raising funds**
**55**
**-**
**55**
**Expenditure on charitable activities**||||||**75**| |UK Donations outwards
10||||-|10|| |Grants
-||||98,701|98,701|51,731| |Grants(UK Direct)
-||||3,250|3,250|390| |Grants - Flow through
-||||19,196|19,196|24,820| |Governance
200||||-|200|400| ||**Total expenditure on charitable**|||||| ||**activities**
**210**|||**121,147**|**121,357**|**77,386**| |**Grand Total Outgoing Resources**
**1,107**
**121,147**
**122,254**||||||**78,849**| ## **4.1 Transactions with trustees and related parties** None of the Trustees or related parties have been paid any remuneration or received any benefits from employment with the charity. Page Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **5. DEBTORS** ||||| |---|---|---|---| |**2021**|||**2020**| |**£**|||**£**| |Gift Aid Receivable
696|||535| |Loan for hardship reasons
650|||| |Trade Debtors
323|||| |**Total**|**1,669**||**535**| ## **6. CREDITORS** |||| |---|---|---| |**2021**||**2020**| |**£**||**£**| |Creditors
-||385| |Accrual for Independent Examiner
200||400| |Accrual for unfinished work
48||| |**Total**|**248**|**785**| ## (Cont) Page | 12 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **7. FUNDS of the CHARITY** ## **7.1 Details of All Funds with movements during the current reporting period 2021** ||**Fund**
**Opening**
**Balance**|**Fund**
**Opening**
**Balance**|**Fund**
**Opening**
**Balance**|**Income**|**Expenditure**|**Expenditure**|**Transfers**|**Closing**
**Balance**|**Closing**
**Balance**| |---|---|---|---|---|---|---|---|---|---| ||General Unallocated
**9,460**|||21,142|(1,106)||(27,561)|**1,935**|| ||Anonymous Donation
**-**|||12,500|-||(12,500)|**-**|| ||**Total Unrestricted**
**9,460**|||**33,642**|**(1,106)**||**(40,061)**|**1,935**|| ||Malawi Janets House
**248**|||4,526|(4,465)|||**309**|| ||Malawi Radio
**-**|||-|-|||**-**|| ||Malawi Empowerment
**-**|||4,675|(4,450)||775|**1,000**|| ||Malawi Ministry
**-**|||-|-|||**-**|| ||Malawi Covid
**-**|||-|-|||**-**|| ||Sub Total Malawi
**248**|||**9,201**|**(8,915)**||**775**|**1,309**|| ||S.A. Empowerment
-|||4,975|(4,350)||(625)|**-**|| ||S.A. Ministry
**1,320**|||18,065|(16,860)|||**2,525**|| ||S.A. Project 2020
**450**|||-|-|||**450**|| ||S.A.Joshy Freeks
**-**|||1,100|(350)||(625)|**125**|| ||Sub Total South Africa
**1,770**|||**24,140**|**(21,560)**||**(1,250)**|**3,100**|| ||Tanzania Bursary
**188**|||562|(750)|||**-**|| ||Tanzania Ndaga (NCH)
**-**|||2,309|(3,580)||1619|**348**|| ||Tanzania Bethel Church
**2,790**|||63|(3,541)||688|**-**|| ||Tanzania GFAP Church
**-**|||899|(3,600)||2,701|**-**|| ||Tanzania KLPT Church
**250**|||5,375|(13,790)||11,215|**3,050**|| ||Tanzania Empowerment
**-**|||12,914|(25,207)||12,748|**455**|| ||Tanzania EMERGENCY
**-**|||1,560|(5,662)||4,602|**500**|| ||Tanzania Covid
**-**|||9,560|(9,560)||**-**|**-**|| ||Catalyst CRDF
9,636||||(9,636)|||**-**|| ||Sub Total Tanzania
**3,228**|||**42,878**|**(75,326)**||**33,573**|**4,353**|| ||Kenya Nairobi Churches
**-**|||5,352|(8,926)||4,208|**634**|| ||**-**|||-|-|||**-**|| ||Sub Total Kenya
**-**|||**5,352**|**(8,926)**||**4,208**|**634**|| ||Mauritania Underground Church
**-**|||2,000|(103)|||**1,897**|| ||Cameroon Ark
**181**|||2,957|(2,260)|||**878**|| ||UK Hardship
**-**|||50|(705)||655|**-**|| ||UK Empowerment
**-**|||-|(100)||100|**-**|| ||UK Church Planting
**-**|||1,250|(3,250)||2,000|**-**|| ||||||||||| ||**Total Restricted**
**5,427**|||**87,828**|**(121,145)**||**40,061**|**12,171**|| ||**TOTALS - All Funds**
**14,887**|||**121,470**|**(122,251)**||**-**|**14,106**|| Page | 13 Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2021 ## **7.2 Reasons for transfers** |**Transfers from**
**Transfers To**
**Reason**
**Amount**| |---| |Anonomous Donation
Tanzania KLPT Church
Donor Decision
6,450| |Anonomous Donation
UK Church Planting
Donor Decision
2,000| |Anonomous Donation
Tanzania KLPT Church
Donor Decision
3,050| |General Unallocated
Various Projects
To meet needs
27,911| |S.A. Ministry
Tanzania EMERGENCY
Donor Decision
1,250| Page | 14