**REGISTERED COMPANY NUMBER: 11319564 (England and Wales) REGISTERED CHARITY NUMBER: 1178640** ## **KICC THE FOUNTAIN OF GRACE (A COMPANY LIMITED BY GUARANTEE)** ## **Trustees' Report and** **Unaudited Financial Statements for the Year Ended 31 March 2025** Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **KICC THE FOUNTAIN OF GRACE** **Contents of the Financial Statements for the Year Ended 31 March 2025** ||**Page**| |---|---| |**Trustees' Report**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6 to 7| |**Notes to the Financial Statements**|8 to 12| Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **KICC THE FOUNTAIN OF GRACE (REGISTERED NUMBER: 11319564)** ## **Trustees' Report for the Year Ended 31 March 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). ## **Objectives and activities Objectives and aims** The charity's objects are, for the benefit of the public: 1.The advancement of the Christian religion; and 2.The furtherance of the charitable work of the charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide. ## **Significant activities** We held our Sunday weekly services at All Saints Centre, Grays in Essex, which were also broadcasted live on our YouTube Channel, KICCTFOG Online and also held our mid-week evening services on Tuesdays and Thursdays online and virtually via Zoom throughout the year under review. We also successfully held our third Christmas and Crossover Services on the 25th and the 31st of December 2024, which were very well attended. We also organised our second Children's Summer Camp during the second week of August 2024 with 67 children in attendance and we received very positive feedback from both the children and their parents. We continued to provide food bank services and other welfare support for people who are going through financial hardships and other community support services in the Grays area of Thurrock. We continued to participate in the annual Christmas Hamper Challenge, a Kingsway International Christian Centre Christmas initiative that distributes 1000 Christmas Hampers to needing families every year. We also donated useful provisions and groceries to two Old Peoples' Homes in the Grays area, as well as donating the sum of £3,000 to Christ Compassion for the Rural World, £3,000 to Home for The Needy charity, £500 to Good News For Everyone South East (formerly known as The Gideons) and provided welfare support for our members to the tune of £3,300 during the year under review. ## **Public benefit** The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **Volunteers** The charity has volunteers who assist the church in achieving its objectives. ## **Financial review** ## **Financial position** The charity reported a total income of £163,979 and a net surplus of £43,512 in the year to 31 March 2025. As of 31 March 2025, accumulated funds were £358,280, all of which were unrestricted funds. Incoming resources were mainly donations that we received in our weekly services in the form of tithes and offerings from our members and worshippers, interest income and gift aid claimed from HMRC during the period under review. 1 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **KICC THE FOUNTAIN OF GRACE (REGISTERED NUMBER: 11319564)** ## **Trustees' Report for the Year Ended 31 March 2025** ## **Financial review** ## **Reserves policy** The trustees aim to retain sufficient free reserves at a level which enables the Charity to: - finance fixed assets and day to day operating activities. - enable the Charity to cope financially during times of below average performance and cover operational overheads and salaries for at least six months. - have additional resources available to cope with revenue and capital requirements arising in the next few years as the charity strives to grow and expand in size in terms of its membership and the level of services it provides. - have enough funds to enable the Charity to acquire its own premises in the Thurrock area in the near future. ## **Going concern** At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **Future plans** In addition to providing pastoral care, career and educational counselling and ministry to our members and worshippers, we plan to engage in a number of outreach and evangelistic events and activities, identify ways to collaborate with other churches and denominations in supporting the homeless and offering support services to elderly peoples' homes in the Grays area. We plan to continue to provide food bank services and other welfare support for our members and other people who are going through financial hardships and other community support services in the Grays area of Thurrock. We also plan to hold our third Children's Summer Camp at our Church premises at All Saints Centre, Grays during the month of August 2025, as well as a Workshop for A-Level, Undergraduates, New Graduates and Apprenticeship Students titled, "Taking The Leap - Navigating Your New Chapter of Living Independently" that will cover a host of topics in early September 2025. ## **Structure, governance and management** ## **Governing document** The organisation is a charitable company, limited by guarantee. It was incorporated on 19th April 2018 and registered as a charity on 5th June 2018. The Company was established under a Memorandum and Articles of Association that established the charitable company's objects and powers and by which it is governed. ## **Recruitment and appointment of new trustees** The directors of the company are also charity trustees for the purpose of charity law. Under the provisions of the Memorandum and Articles of Association, the trustees are appointed to serve for a fixed term of three years. A retiring trustee may be re-appointed. ## **Organisational structure** The charity, although incorporated on 19th April 2018, only commenced operations on 6th January 2019. The governance of the charity is undertaken by the Board of three trustees who hold regular meetings, while the Resident Pastor has responsibility for pastoral matters and the day to day operations of the charity with the support of a number of volunteers. 2 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **KICC THE FOUNTAIN OF GRACE (REGISTERED NUMBER: 11319564)** ## **Trustees' Report for the Year Ended 31 March 2025** ## **Structure, governance and management** ## **Risk 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. ## **Reference and administrative details Registered Company number** 11319564 (England and Wales) ## **Registered Charity number** 1178640 ## **Registered office** All Saints Centre John Street Grays Essex RM17 6ED ## **Trustees** Mrs Amelia Uchenna Dumaka Mr Abimbola Olaide Odunsi Mr Samuel Okwuonu ## **Independent Examiner** Tolu Obisesan (MAAT) ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk IP28 7DE This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 17 November 2025 and signed on its behalf by: Mr Abimbola Olaide Odunsi - Trustee 3 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **Independent Examiner's Report to the Trustees of KICC THE FOUNTAIN OF GRACE** ## **Independent examiner's report to the trustees of KICC THE FOUNTAIN OF GRACE ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Tolu Obisesan (MAAT) The Association of Accounting Technicians ANS Accounts Ltd 82A James Carter Road Mildenhall IP28 7DE 17 November 2025 4 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE** ## **Statement of Financial Activities for the Year Ended 31 March 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
Income and endowments from
Donations and legacies 150,944 992 151,936 146,267
Investment income 2 12,043 - 12,043 4,835
Total 162,987 992 163,979 151,102
Expenditure on
Charitable activities 3
Activities in furtherance of the charity's
objectives 119,695 772 120,467 122,645
NET INCOME 43,292 220 43,512 28,457
Reconciliation of funds
-
Total funds brought forward 314,768 314,768 286,311
Total funds carried forward 358,060 220 358,280 314,768
**----- End of picture text -----**
The notes form part of these financial statements 5 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE (REGISTERED NUMBER: 11319564)** ## **Balance Sheet 31 March 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
Fixed assets
Tangible assets 7 16,449 - 16,449 37,737
Current assets
-
Prepayments and accrued income 9,855 9,855 10,268
Cash at bank and in hand 341,045 220 341,265 276,070
350,900 220 351,120 286,338
Creditors
Amounts falling due within one year 8 (9,289) - (9,289) (9,307)
Net current assets 341,611 220 341,831 277,031
Total assets less current liabilities 358,060 220 358,280 314,768
NET ASSETS 358,060 220 358,280 314,768
Funds 9
Unrestricted funds 358,060 314,768
Restricted funds 220 -
Total funds 358,280 314,768
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. - The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements 6 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **KICC THE FOUNTAIN OF GRACE (REGISTERED NUMBER: 11319564)** **Balance Sheet - continued 31 March 2025** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2025 and were signed on its behalf by: Mr Abimbola Olaide Odunsi - Trustee The notes form part of these financial statements 7 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 **KICC THE FOUNTAIN OF GRACE** **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Charitable activities** Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Computer equipment - 25% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 8 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **2. INVESTMENT INCOME** |Unrestricted
Restricted
funds
funds
£
£
Bank interest
12,043
-
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Activities in furtherance of the
charity's objectives
108,004
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|2025
Total
funds
£
12,043
Support
costs
£
12,463
2025
£
21,934|2024
Total
funds
£
4,835
Totals
£
120,467
2024
£
23,416| |---|---|---| ## **3. CHARITABLE ACTIVITIES COSTS** ## **4. NET INCOME/(EXPENDITURE)** **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**Income and endowments from**
Donations and legacies
145,297
Investment income
4,835
**Total**
150,132
**Expenditure on**
**Charitable activities**
Activities in furtherance of the
charity's objectives
121,675|Restricted
fund
£
970
-
970
970|Total
funds
£
146,267
4,835
151,102
122,645| |---|---|---| 9 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** **----- Start of picture text -----**
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
NET INCOME 28,457 - 28,457
Reconciliation of funds
-
Total funds brought forward 286,311 286,311
Total funds carried forward 314,768 - 314,768
7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 April 2024 64,634 23,799 9,156 97,589
Additions 646 - - 646
At 31 March 2025 65,280 23,799 9,156 98,235
Depreciation
At 1 April 2024 38,519 15,318 6,015 59,852
Charge for year 15,679 4,366 1,889 21,934
At 31 March 2025 54,198 19,684 7,904 81,786
Net book value
At 31 March 2025 11,082 4,115 1,252 16,449
At 31 March 2024 26,115 8,481 3,141 37,737
**----- End of picture text -----**
10 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors
Accrued expenses
**9.**
**MOVEMENT IN FUNDS**
At 1/4/24
£
**Unrestricted funds**
General fund
314,768
**Restricted funds**
Restricted fund
-
**TOTAL FUNDS**
314,768
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
162,987
**Restricted funds**
Restricted fund
992
**TOTAL FUNDS**
163,979|2025
£
4,856
4,433
9,289
Net
movement
in funds
£
43,292
220
43,512
Resources
expended
£
(119,695)
(772)
(120,467)|2024
£
4,432
4,875
9,307
At
31/3/25
£
358,060
220
358,280
Movement
in funds
£
43,292
220
43,512| |---|---|---| 11 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025** ## **9. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |Net
movement
At 1/4/23
in funds
£
£
**Unrestricted funds**
General fund
286,311
28,457
**TOTAL FUNDS**
286,311
28,457
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
150,132
(121,675)
**Restricted funds**
Restricted fund
970
(970)
**TOTAL FUNDS**
151,102
(122,645)|At
31/3/24
£
314,768
314,768
Movement
in funds
£
28,457
-
28,457| |---|---| ## **10. RELATED PARTY DISCLOSURES** Donations to KICC National Forum UK Mar 25: £16,329; (Mar 24: £14,885). 12 Document ID: 92e4ea05-9ef9-4113-a8fc-f29615108710 ## **KICC THE FOUNTAIN OF GRACE** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** **----- Start of picture text -----**
2025 2024
£ £
Income and endowments
Donations and legacies
Donations 126,948 122,095
Gift aid 24,988 24,172
151,936 146,267
Investment income
Bank interest 12,043 4,835
Total incoming resources 163,979 151,102
Expenditure
Charitable activities
Rates and water 289 272
Insurance 699 650
Light and heat 7,810 9,129
Telephone internet & broadband 1,796 1,284
Office and administrative cost - 136
Advertising 678 909
Sundry Purchases 1,619 910
Charitable donations 16,329 14,885
Welfare 3,300 1,400
Mission 9,000 7,075
Special events 3,682 3,132
Rent 36,000 36,000
Systems and softwares 325 205
Repairs and renewals - 375
Premises expenses 1,636 12,051
Hospitality 172 140
Bank charges 113 188
Gifts and honorarium 1,732 1,780
Small equipment 252 -
Training 600 -
Office stationery 37 -
Plant and machinery depn 15,679 15,773
Fixtures and fittings depn 4,366 5,738
Computer equipment depn 1,890 1,916
108,004 113,948
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This page does not form part of the statutory financial statements 13 ## **KICC THE FOUNTAIN OF GRACE** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025** **----- Start of picture text -----**
2025 2024
£ £
Support costs
Governance costs
Accountancy and examiner fees 900 850
Legal and professional fees 11,563 7,847
12,463 8,697
Total resources expended 120,467 122,645
Net income 43,512 28,457
**----- End of picture text -----**
This page does not form part of the statutory financial statements 14