KINGDOM IMPACT GRANTS
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
Charity Registration No. 1174500
- 1 -
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
| CONTENTS | Page |
|---|---|
| Trustees' report | 3 – 5 |
| Independent Examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 - 16 |
Page | 2
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
Trustees’ annual report for the period:
From: 1[ st ] .September 2021 To: August 31st. 2022 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 organisations 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 through Churches in Bedford, and 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 has now completed its fifth year of operation.
Covid 19 and the recession arising from the Ukrainian war and inflation are now beginning to impact our donor's ability to fund our overseas aid. This year we have not received any external or “flow-through Grants'' from any other organisations. Last year we received £22,000 of such Grants from the Catalyst network.
The emphasis this year continued to emphasise Self Sustaining Programmes (SSPs) to enable small businesses and farming projects to have investment, and support in order to increase income generation, although in the final months of the year there was the need to switch to the purchasing and supply of food. These programmes, as with all funding overseas, are experiencing huge inflationary pressures arising from fuel price increases affecting transport and fertilisers and consequently most payments.
Our fundraising project “Kingdom Impact Accounts” continues to provide sales income on a regular basis as some 10 Churches and Charities are signed up with our licences for accounting services. Income from this stream is used for our more needy projects mainly in Tanzania and Mauritania. Other than this, grants are made directly from restricted donations plus gift aid receipts on a monthly basis. Several of the restricted funds have future planned uses, but generally, we aim to keep minimal reserves.
Grants by Country Summary
Page | 3
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
Tanzania - £43,2375
Self-Sustaining Projects in Mbeya Region for food production and employment £23K Self Sustaining Projects centred at Bethel Church Mbeya £7.1K
Self-sustaining Projects centred at KLPT Church Dar es Salaam £6K Church Development and other help to God First Church Ituha, Mbeya £1.1K Medical Emergencies £3.6K
Educational Bursary £2.4K
South Africa - KISA £26,350
We support Kingdom Impact South Africa - the NGO run by Andy and Rose Freeks at Oviston, Central Cape. KISA has run three residential “Resurgence Programmes” taking up to 15 young people for approximately 4 months and achieving excellent results with changed lives resulting.
Malawi £14,459
As we write this report we acknowledge our partnership with Rev Booker Metemela Banda who died July 31st. 2022’ Since our formation Booker supported the aims and objectives of Kingdom Impact and encouraged us specifically to concentrate on Self sustaining projects which he championed himself in Malawi
Janet’s House Orphanage run by Jacobi Charity £5.5K
Chikwawa Flood Emergency support through Helix Chigon’mlunje £1.9K Self sustaining projects through Booker and Helix £7.1K
Kenya £4,795
These funds have been channelled through a growing relationship with Pastor Tonny Onyanga who pastors Churches in Nairobi. Our projects again are self-sustaining employment producing but we are also involved in Orphan support and establishing a suitable owned meeting place for the main Church centre.
Mauritania £6,743
We have partnered with Christians in this country but withhold details due to the sensitivity and security implicit in this country.
Cameroon £5,842 Work has nearly been completed to provide a research visitor centre
UK Hardship and Church Planting £2,695
£1,000 was given to a new Church Plant in Cambridge
We needed to write off a debt of £1,000 made to a homeless person as she became sick and was unable to pay as promised. The write-off was covered by a specific donation given for this need. Another debtor of £390 has been written off as a “fail-safe” measure after delays in repayment caused by another change in employment.
Financial review
The trustees have carefully considered risks and reserves during the financial year. Restricted funds are allocated to projects according to the donor’s stated wishes or if income is. Unrestricted funds are allocated to projects according to prioritised needs.
Page | 4
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022 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).
Income for 2022 was £98,553 with no grants. (2021 £121,471 with £22,021 Catalyst grants) Expenditure for 2022 was £106,651. (2021 £122,254 inclusive of Catalyst grants outwards) Ending fund balances for 2022 was £6,008 (2021 £14,106).
There are no uncertainties relating to Kingdom Impact being a going concern.
Reserves Policy
The Trustees have considered their exposure to financial risk and believe that all liabilities are covered on an ongoing basis through our monthly licence fee income which more than covers administration fees. The reserves policy is to hold not more than 6 months of expenditure relating to administrative overhead as unrestricted reserves. The actual unrestricted reserves in the current year are £845 (2021 £1,935)
The Restricted Reserves at year end are restricted to planned but non-contracted expenditures in the next 6 months and amounts to £,5,163 (2021 £12,171)
Structure, governance, and management
The charity is a “Charitable Incorporated Organisation” with trustees and a constitution.
We have 5 trustees. (2021: 5). Trustees are selected from those who have the requisite governance skills and interpersonal skills to effect change, development, and progress.
Trustees meetings have been conducted via Zoom, Email, and conversations 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 |
Page | 5
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
| Trustee name | Office | Dates acted if not for the whole year | Appointed by: |
|---|---|---|---|
| Jonathan Jeacocke | 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: November 4th. 2022
Page | 6
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Kingdom Impact Grants
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2022 which are set out on pages 8 – 16
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination which gives me cause to believe that in, any material respect:
-
1) the accounting records were not kept in respect of the charity as required by section 130 of the Act;
-
2) accounts do not accord with those records, or
-
3) the accounts do not comply with the applicable requirements concerning the form and content of account as set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Kevin Barrett FCCA
Thompsons Accountancy Services Limited
Grove House,
1 Grove Place
Bedford. MK40 3JJ
Dated: 08/12/2022
Page | 7
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
STATEMENT OF FINANCIAL ACTIVITIES Year Ending 31st. August 2022
| Unrestricted | Restricted |
Total funds |
Total funds | |||
|---|---|---|---|---|---|---|
| Note | income funds | income funds |
2022 |
2021 |
||
| £ | £ |
£ |
£ |
|||
| Income from: | ||||||
| Donations and legacies | 18,319 | 75,357 |
93,676 |
118,064 |
||
| Other trading activities | 4,877 | - |
4,877 |
3,407 |
||
| Total income | 3 | 23,196 | 75,357 |
98,553 |
121,471 |
|
| Expenditure on: | ||||||
| Generating funds | 1,765 | - |
1,765 |
897 |
||
| Charitable activities | 140 | 104,746 |
104,886 |
121,357 |
||
| Total Expenditure | 4 | 1,905 | 104,746 |
106,651 |
122,254 |
|
| Net income/(expenditure) | 21,291 | (29,389) |
(8,098) |
(783) |
||
| Transfers between funds | 7 | (22,134) | 22,134 |
- |
- |
|
| Net movement in funds | (843) | (7,255) |
(8,098) |
(783) |
||
| Reconciliation of funds: | ||||||
| Total funds brought forward | 1,935 | 12,171 |
14,106 |
14,887 |
||
| Total funds carried forward | 1,092 | 4,916 |
6,008 |
14,106 |
(continued)
Page | 8
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
BALANCE SHEET
Year Ending 31st. August 2022
| BALANCE SHEET Year Ending 31st. August 2022 |
||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Total funds |
Total funds | |||
| Note | income funds | income funds |
2022 |
2021 |
||
| £ | £ |
£ |
£ |
|||
| Current assets | ||||||
| Debtors | 5 | 1,124 | - |
1,124 |
1,669 |
|
| Cash at bank and in hand | 108 | 4,916 |
5,024 |
12,685 |
||
| Total current assets | 1,232 | 4,916 |
6,148 |
14,354 |
||
| Creditors: amounts falling due | ||||||
| within 1 year | 6 | (140) | - |
(140) |
(248) |
|
| Net assets | 1,092 | 4,916 |
6,008 |
14,106 |
||
| Funds of the Charity | ||||||
| Unrestricted funds | 7 | 1,092 | 1,092 | 1,935 |
||
| Restricted income funds | 7 | 4,916 | 4,916 |
12,171 |
||
| Total funds | 1,092 | 4,916 |
6,008 |
14,106 |
Signed on behalf of the trustees:
Mervyn Thomas November 4th. 2022
Page | 9
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
Notes to the Financial Statements
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1.1 General information and basis of preparation
Kingdom Impact Grants is a Charitable Incorporated Organisation (CIO) in England.
The accounts (financial statements) have been prepared in accordance with 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 issued in October 2019 (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared on a going concern basis under the historical cost convention. The accounts are presented in sterling which is the functional currency of the charity and are round to the nearest whole £.
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 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.
2.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income, if 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. The value of services provided by volunteers has not been included in these accounts. Investment income is included when received.
2.3 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.
Page | 10
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
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.
2.4 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amounts advanced by the charity. Subsequently, they are measured at cash or other consideration expected to be received.
2.5 Creditors
Creditors and accruals are recognized when liability for payment is recognized but not paid.
Page | 11
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
3 ANALYSIS OF INCOME
| Unrestricted Restricted Total 2022 Total 2021 funds funds funds funds £ £ £ £ 14,749 61,066 75,815 79,069 3,570 14,291 17,861 16,974 |
|
|---|---|
| Donations and legacies | |
| Donations | |
| Gift Aid | |
| Incoming Grants | - - - 22,021 |
| Total donations and legacies | 18,319 75,357 93,676 118,064 |
| Other trading activities | |
| Sales | 4,877 - 4,877 3,407 23,196 75,357 98,553 121,471 |
| Grand Total Incoming Resources |
| Comparison for year 2021 | Unrestricted Restricted Total 2021 funds funds funds £ £ £ |
|---|---|
| Donations and legacies | |
| Donations | 26,775 52,296 79,069 |
| Gift Aid | 3,461 13,515 16,975 |
| Incoming Grants | - 22,021 22,021 |
| Total donations and legacies | 30,236 87,832 118,065 |
| Other trading activities | |
| Sales | 3,407 - 3,407 |
| Grand Total Incoming Resources | 33,643 87,832 121,471 |
( continued)
Page | 12
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
4 ANALYSIS OF EXPENDITURE
| Unrestricted Restricted Total 2022 Total 2021 funds funds funds funds £ £ £ £ 703 - 703 55 |
|
|---|---|
| Expenditure on generating funds funds | |
| Publicity Web Site Software Development Office Costs |
|
| 106 - 106 262 |
|
| 518 - 518 409 438 - 438 171 |
|
| Total Expenditure on generating funds | 1,765 - 1,765 897 |
| Expenditure on charitable activities | - 6 6 - - - 47,298 47,298 32,751 - - - 19,196 - 55,843 55,843 65,960 - 159 159 3,250 - 1,440 1,440 - 140 - 140 200 140 104,746 104,886 121,357 |
| Postage Grants to institutions General Flow Through Grants to individuals General Uk Direct Bad Debt Write Off Independent Examination |
|
| Total expenditure on charitable activities |
|
| 1,905 104,746 106,651 122,254 |
|
| Grand Total Expenditures | |
| Comparison for year 2021 | Unrestricted Restricted Total 2021 funds funds funds £ £ £ 55 - 55 262 - 262 409 - 409 171 - 171 897 - 897 - - - - - 32,751 32,751 - 19,196 19,196 - 65,960 65,960 - 3,250 3,250 - - - 200 - 200 200 121,157 121,357 1,097 121,157 122,254 |
| Expenditure on generating funds funds | |
| Publicity Web Site Software Development Office Costs |
|
| Total Expenditure on generating funds | |
| Expenditure on charitable activities | |
| Postage Grants to institutions General Flow Through Grants to individuals General Uk Direct Bad Debt Write Off Independent Examination |
|
| Total expenditure on charitable activities |
|
Page | 13
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
4.1 Disclosure of significant grants made to institutions.
The following institutions received significant grants this year:
Kingdom Impact South Africa (an NGO supporting the ministry of Andy Freeks and family) Kingdom Impact Tanzania (an NGO at Mbeya being formed to manage empowerment projects) Jacobi Social Welfare, Malawi (an orphanage known as Janet’s House) Bethel Miracle Church, Mbeya, Tanzania Cameroon Ark (an NGO in the Republic of Cameroon)
4.2 Transactions with trustees and related parties
None of the Trustees or related parties have been paid remuneration or received reimbursed expenses. Trustees have made donations to the charity amounting to £30,487 with related parties to trustees donating £4,060 in the year
| 5 DEBTORS | ||
|---|---|---|
| 2022 | 2021 |
|
| £ | £ |
|
| Gift Aid receivable | 694 | 696 |
| Hardship Loan | - | 650 |
| Trade Debtors | 430 | 323 |
| Total Debtors | 1,124 | 1669 |
| 6 CREDITORS AND ACCRUALS | ||
| 2022 | 2021 |
|
| £ | £ |
|
| Accrual for Independent Examiner | 140 | 200 |
| Other Accruals | - | 48 |
| Total | 140 | 248 |
(continued)
Page | 14
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
7. FUNDS of the CHARITY
7.1 Details of All Funds with movements during the current reporting period 2022
| Fund | Opening Balance |
Income |
Expenditure |
Transfers |
Closing Balance |
|---|---|---|---|---|---|
| General Unallocated | 1,935 | 23,196.00 |
(1,905) |
(22,134) |
1,092 |
| Total Unrestricted | 1,935 | 23,196.0 |
(1,905) |
(22,134) |
1,092 |
| Malawi Janets House | 309 | 5,493.00 |
(5,489) |
313 | |
| Malawi Flood Appeal | - | 480.00 |
(1,877) |
1,397 |
- |
| Malawi Empowerment | 1,000 | 4,750.00 |
(7,093) |
1,343 |
- |
| Sub Total Malawi | 1,309 | 10,723 |
(14,459) |
2,740 |
313 |
| S.A. Ministry | 2,650 | 24,047.00 |
(26,350) |
- |
347 |
| S.A. Project 2020 | 450 | 2,125.00 |
- |
- |
2,575 |
| Sub Total South Africa | 3,100 | 26,172 |
(26,350) |
- |
2,922 |
| Tanzania Bursary | - | 2,488.00 |
(2,400) |
88 | |
| Tanzania Ndaga (NCH) | 348 | 314.00 |
(1,330) |
668 |
- |
| Tanzania Bethel Church | 313.00 | (7,132) |
6,819 |
- |
|
| Tanzania GFAP Church | - | 1,163.00 |
(1,155) |
8 | |
| Tanzania KLPT Church | 3,050 | 1,250.00 |
(5,711) |
1,411 |
- |
| Tanzania Empowerment | 455 | 18,165.00 |
(21,888) |
3,268 |
- |
| Tanzania EMERGENCY | 500 | 625.00 |
(3,621) |
3,000 |
504 |
| Sub Total Tanzania | 4,353 | 24,318 |
(43,237) |
15,166 |
600 |
| Kenya Nairobi Churches | 634 | 4,931.00 |
(4,795) |
770 | |
| Ukraine Appeal(Catalyst) | - | 625.00 |
(625) |
- | |
| Mauritania Underground Church | 1,897 | 1,313.00 |
(6,743) |
3,533 |
- |
| Cameroon Ark | 878 | 5,275.00 |
(5,842) |
311 | |
| UK Hardship | - | 2,000.00 |
(2,695) |
695 |
- |
| Total Restricted | 12,171 | 75,357 |
(104,746) |
22,134 |
4,916 |
| TOTAL - All Funds | 14,106 | 98,553 |
(106,651) |
- |
6,008 |
7.2 Reasons for transfers
| 7.2 Reasons for transfers | ||
|---|---|---|
| Transfers from | Transfers To | Reason Amount |
| General Fund | Restricted Funds | To prevent deficits £22,134 |
Page | 15
Kingdom Impact Grants Trustees Report and Financial Statements For the period ending 31st.August 2022
7.3 Comparative Funds statement for 2021
| Fund | Opening Balance |
Income |
Expenditure |
Transfers |
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 | 16