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2023-08-31-accounts

KINGDOM IMPACT

Charity Registration No. 1174500

TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

CONTENTS Page
Trustees' report 3 – 6
Independent Examiner’s report 7
Statement of financial activities 8
Balance sheet 8
Notes to the accounts 9 - 14

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

Trustees’ annual report for the period:

From: 1[ st ] .September 2022 To: August 31st. 2023 Charity name: Kingdom Impact 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. These have been formed through Churches in Bedford and 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 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 has now completed its sixth year of operation.

Most of our income came from the continuing personal donations of our supporters to projects or mission support through restricted funds. Many of our donors are involved with the fulfilment of the subsequent grants that are made including the receipt of newsletters from beneficiaries and occasionally from visits.

Our fundraising project “Kingdom Impact Accounts” continues to provide sales income on a regular basis from 12 Churches or Charities who are signed up with our licences for accounting software or for accounting services. Income from this stream covers all our own administrative expenditures with some surplus for grants.

This year we received a grant of £2,000 from the Bishop Radford Trust with the condition that it was matched by the same amount from our own resources. The grant was for an agricultural self-sustaining project to be managed by Pastor Elisha Msemwa in Iringa, Tanzania for his personal support and that of seven orphans in his care. The project was completed on time and with good results although, sadly, one of the orphans in the pastor’s care died during hospitalisation from a chest infection.

Review of Grants by restricted fund and country:

The following discussion of grants should be read in connection with Note 7 - Funds of the Charity at Page 14 and the newly required Analysis of Significant Grants at Page 13.

As a grant making charity our aim first of all is to honour the wishes of our donors, many of whom are closely involved in communicating with beneficiaries and in administration of grants..

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

Our strategy is to make most of our projects self-sustaining and to treat money spent short term as providing for the future with less dependency on external funds.

South Africa

We support Kingdom Impact South Africa - the NGO run by Andy and Rose Freeks at Oviston, Central Cape. KISA runs residential “Resurgence Programmes” taking up to 15 young people for approximately 2 months and achieving excellent results in terms of lives set free from drugs and other problems. Looking to the future we have recently funded a work related programme to earn money locally for the ministry and also to provide employment opportunities for young people. Locally in South Africa employment opportunities for young people are very poor.

We also support a similar but smaller venture run by Pastor and Mrs Stoffels at Johannesburg.

Tanzania

This year we have set up “Kingdom Impact Tanzania” a locally registered NGO Non Profit organisation with Pastor Edward Mhone as the Chair and CEO with a board of trustees.

All of the projects at Mbeya and Iringa have now been handed over to Edward in order to give better local management to Edward and his team. They are also generating their own projects leading to enhanced community development best practice. The emphasis again is on self sustaining projects which are mainly agriculture. We wish to find and support other non agri projects not subject to the unknowns of food production. We are also very aware that money intended for projects is used for medical emergencies which arise.

Malawi

Janet’s House Orphanage is our main project run by Yabok Social Welfare and houses 9 orphans. We provide grants for food, normal operating costs and this year a study/library extension has been provided by donations in memory of a close relative of the founder of Janet’s House. We have continued funding Self sustaining projects through Pastors Alec Mulalo and Helix Chigonmlunje.

Kenya

These funds have been channelled through an ongoing 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.

Cameroon Ark

Work has nearly been completed to provide a research visitor centre in a village within the rainforest This community development plus ecology safeguarding project has been provided and managed by a group of Scientists headed by Dr Andrew Spicer who has made one visit since the project was started. Cameroon Ark is a locally established NGO.

UK Charities (Specific Grants made)

Kings Arms Trust, Bedford - £12,000

All Nations Church, Fir Vale, Sheffield - £500

Ministerial Student Education fees - £400

Missionary Aviation Fellowship (UK) Training Sponsorship - £25,000 . This project continues into 2023_2024 on a monthly standing order basis from funds received..

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

Financial review

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
Expenditure
Net Assets/Funds
Year 2023
£153,000
£134,084
£24,924
Year 2022
£98,553
£106,65
£6,008

This year we received several one-off high value donations which are probably not to be repeated.

The expenditure of this income has been committed to ongoing projects into 2024. 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 £ 1,921 (2022 £845)

The Restricted Reserves at year end are restricted to committed expenditures in the next 12 months and amounts to £ 23,003 (2022 £5,163)

All restricted reserves are for planned expenditures in the next financial year.

Structure, governance, and management

The charity is a “Charitable Incorporated Organisation” with trustees and a constitution.

We have 5 trustees. (2022: 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 0nline, in person and by formal meetings. 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.

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

Reference and administrative details

Name Name Kingdom Impact
(The charity name was changed from “Kingdom Impact Grants in
July 2023 at the Charity Commission and Lloyds Bank)
Kingdom Impact
(The charity name was changed from “Kingdom Impact Grants in
July 2023 at the Charity Commission and Lloyds Bank)
Kingdom Impact
(The charity name was changed from “Kingdom Impact Grants in
July 2023 at the Charity Commission and Lloyds Bank)
Another name the charity uses Kingdom Impact Today
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:
John Gannon
General Administrator
Commenced
February 2023
Trustees
Jonathan Jeacocke
Resigned
March 2023
Trustees
Peter Rattu
S.A and Kenya Administrator
Trustees
Janet Ingle
Malawi Administrator
Trustees
Denis Spicer
Founders
Mervyn Thomas
Chair and Finance
Founders
Trustee name Office Dates acted if
not for the
whole year
Appointed
by:
John Gannon General Administrator Commenced
February 2023
Trustees
Jonathan Jeacocke Resigned
March 2023
Trustees
Peter Rattu S.A and Kenya Administrator Trustees
Janet Ingle Malawi Administrator Trustees
Denis Spicer Founders
Mervyn Thomas Chair and Finance Founders

Declarations

The trustees declare that they have approved the trustees’ report above

Signed on behalf of the charity’s trustees/directors:

Me rvyn Thomas

dated: September 1st. .2023

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Kingdom Impact

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2023 which are set out on pages 8 – 14.

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:

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.

Awaiting signature:

Jeremy Lucas

Manor Cottage, School Lane, Bolnhurst, MK44 2EN

Dated:

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

STATEMENT OF FINANCIAL ACTIVITIES

Year ending 31st. August 2023 Unrestricted Restricted Total funds
Total funds
income income
Note funds funds 2023
2022
£ £ £
£
Income from:
Donations and legacies 5,711 142,443 148,154
93,676
Other trading activities 4,846 - 4,846
4,877
Total income 3 10,557 142,443 153,000
98,553
Expenditure on:
Generating funds 532 - 532
1,765
Charitable activities 806 132,746 133,552
104,886
Total Expenditure 4 1,338 132,746 134,084
106,651
Net income/(expenditure) 9,219 9,697 18,916
(8,098)
Transfers between funds 7 (8,390) 8,390 -
-
Net movement in funds 829 18,087 18,916
(8,098)
Reconciliation of funds:
Total funds brought forward 1,092 4,916 6,008
14,106
Total funds carried forward 1,921 23,003 24,924
6,008
BALANCE SHEET
Year ending 31st. August 2023 Unrestricted
Restricted
Total funds Total funds
income
income
Note funds
funds

2023

2022
£
£

£

£
Current assets
Debtors 5 1,824 1,824
1,124
Cash at bank and in hand 97
23,003

23,100

5,024
Total current assets 1,921
23,003

24,924

6,148
Creditors: amounts falling due
within 1 year 6 -
-

-

(140)
Net assets 1,921
23,003

24,924

6,008
Funds of the Charity
Unrestricted funds 7 1,921 1,921
1,092
Restricted income funds 7 23,003
23,003

4,916
Total funds 1,921
23,003

24,924

6,008

Signed on behalf of the trustees: M Thomas September 1st.. 2023

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

Notes to the Financial Statements

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.1 General information and basis of preparation

Kingdom Impact 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

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

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. The Trustees have carefully considered allocating support costs to restricted projects but with exceptions have decided not to.

Our income from the provision of accounting services is sufficient to pay for Support Costs and so our policy is only to allocate where the donors to restricted accounts are aware of the need to pay for such support and wish “their money” to be used in this way.

Normally we inform donors that 100% of their donations plus applicable Gift Aid (25%) reaches the projects they support.

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.

2.6 Capital Assets

These are only capitalised for item expenditures in excess of £1,000.

3 ANALYSIS OF INCOME

Unrestricted
Restricted
Total 2023
Total 2022
funds
funds
funds
funds
£
£
£
£
4,356
114,502
118,858
75,815
1,355
25,941
27,296
17,861
Donations and legacies
Donations
Gift Aid
Incoming Grants -
2,000
2,000
-
Total donations and legacies 5,711
142,443
148,154
93,676
Other trading activities
Sales 4,846
-
4,846
4,877
10,557
142,443
153,000
98,553
Grand Total Incoming Resources

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

4.1 ANALYSIS OF EXPENDITURE

4.1 ANALYSIS OF EXPENDITURE
Unrestricted
Restricted
Total 2023
Total 2022
funds
funds
funds
funds
£
£
£
£
300
-
300
703
106
-
106
106
Expenditure on generating funds funds
Publicity
Web Site
Software Development
Office Costs
-
-
-
518
126
-
126
438
Total Expenditure on generating funds 532
-
532
1,765
Expenditure on charitable activities -
74
74
6
300
-
300
-
91,346
91,346
47298
-
40,537
40,537
56002
-
659
659
-
-
-
1,440
42
-
42
-
464
130
594
140
806
132,746
133,552
104,886
Postage
Equipment
Grants to institutions
Grants to individuals
Overseas Visits
Bad Debt Write Off
Safeguarding
Governance - Independent
Examination)
Total expenditure on charitable
activities
1,338
132,746
134,084
106,651
Grand Total Expenditures

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 £24.339 with related parties to trustees donating £4,882 in the year.

(continued)

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

4.2 Disclosure of significant grants

Funds Type of Beneficiary Type of Project Grants £
Malawi Janets House Orphanage Institution Hardship 7,360
Malawi Empowerment Pastors Community Development 3,400
Sub Total Malawi 10,760
S Stoffels Pastor Christian Mission 3,942
Kingdom Impact South Africa NGO Institution Christian Mission 33,826
KISA Empowerment NGO Institution Christian Mission 5,000
S.A. Project 2023 NGO Institution Christian Mission 500
Sub Total South Africa 43,268
Tanzania Bursary Individual School Fee/Medical Hardship 4,070
Tanzania GFAP Church Church Institution Christian Mission 620
Tanzania KLPT Church Church Institution Community Development 4,935
Tanzania House NGO Institution Community Development 12,041
Kingdom Impact Tanzania NGO Institution Community Development 16,080
Sub Total Tanzania 37,746
Kenya Nairobi Churches Pastor Christian Mission 1,692
Mauritania Underground
Church Pastor Christian Mission 1,183
Cameroon Ark NGO Institution Community Development 9,784
UK Hardship Individuals Hardship 2,250
UK Church Planting Church Institution Church Planting 900
UK Mission Support Mission Institution Christian Mission 24,000
Total Grants 131,583
Total Grants through Institutions 115,046
Total Grants through Individuals 16,537
Total Expenditures 134,084

5 DEBTORS

5 DEBTORS
2023
2022
£
£
Gift Aid receivable 999
694
Trade Debtors 825
430
Total Debtors 1,824
1124
6 CREDITORS AND ACCRUALS
2023
2022
£
£
Accrual for Independent Examiner -
200
Other Accruals -
48
Total -
248

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

7.1 Details of All Funds with movements during the current reporting period 2023

Opening Closing
Fund Balance
Income

Expenditure

Transfers

Balance
General Unallocated 1,092
10,557

(1,338)

(8,390)

1,921
Total Unrestricted 1,092
10,557

(1,338)

(8,390)

1,921
Malawi Janets House 313
10,093

(7,360)
3,046
Malawi Empowerment -
3,913

(3,400)
513
Sub Total Malawi 313
14,006

(10,760)

-

3,559
S Stoffels -
4,325

(3,942)

85

468
Kingdom Impact South Africa 347
33,951

(33,826)
472
KISA Empowerment -
10,000

(5,000)
5,000
S.A. Project 2023 2,575
375

(500)
2,450
Sub Total South Africa 2,922
48,651

(43,268)

85

8,390
Tanzania Bursary 88
3,962

(4,070)

20

-
Tanzania GFAP Church -
620

(620)

-

-
Tanzania KLPT Church 8
2,666

(4,935)

2,261

-
Tanzania EMERGENCY 504
-

-

(504)

-
Tanzania House -
10,749

(12,041)

1,292

-
Kingdom Impact Tanzania -
14,745

(16,454)

2,021

312
Sub Total Tanzania 600
32,742

(38,120)

5,090

312
Kenya Nairobi Churches 770
1,568

(1,692)

250

896
Mauritania Underground
Church -
25

(1,183)

1,158

-
Cameroon Ark 311
10,358

(10,573)
96
UK Hardship 1,343
(2,250)

907

-
UK Church Planting -
-

(900)

900

-
UK Mission Support -
33,750

(24,000)

-

9,750
Total Restricted 4,916
142,443

(132,746)

8,390

23,003
TOTAL - All Funds 6,008
153,000

(134,084)

-

24,924

7.2 Reasons for transfers current year

Transfers from Transfers To Reason Amount
Tanzania Emergency Kingdom Impact Tanzania Project Combined 504
General Unallocated Various Designations of free reserves
8,390

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Kingdom Impact Trustees Report and Financial Statements For the period ending 31st.August 2023

7.3 Details of All Funds with movements during the previous 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

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