KINGDOM MISSIONS INTERNATIONAL
CHARITY REGISTRATION NUMBER: 1188389
REPORT
YEAR ENDED: 3IST MARCH 2023
Kingdom Missions International - Accounts for the year ended 31[st] March 2023
| Page | |
|---|---|
| Legal & Administrative details | 1 |
Reports of the Trustees |
2 |
Report of the Management Committee |
3 |
Independent Examiner’s Report |
4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 |
Kingdom Missions International
Legal & Administrative details
For the year ended 31[st] March 2023
Status: The Organisation was registered as a Charity on 20[th] March 2020
Governing document, Kingdom Missions International is governed by the Companies. Act 1985 and Charities Act 1993 Charity number 1188389 Website address http://www.kcec.co.uk Registered Office Kingdom Missions International Operational address 16/18 Snowshill Road Manor Park London E6 12BB Bankers HSBC Plc 126 High Road Ilford London IG1 1DA Accountants Jacob Manu & Co Chartered Certified Accountants London E2 0QN
Page 1
Kingdom Missions International
Report of the Trustees
Accounts for the year ended 31[st] March 2023
The Trustees present their report together with the accounts of Kingdom Missions International for the year ended 31[st] March 2023
Objects and Principal activities
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To advance the Christian faith
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To relieve persons who are suffering from poverty, sickness and distress or who are otherwise in need
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To promote and fulfil such other charitable purposes beneficial to the community in any part of the world as the trustees may think fit from time to time.
Membership
The Organisation may admit as members any persons who are interested in the objects of the organisation and who may be specially qualified to further its objects or who may have special knowledge, which can assist the organisation.
Trustees and Members of the Management Committee
Members of the Management Committee, who are also trustees under Charity law, who served during the year and up to the date of the report were as follows:
Louisa Sarpong MA, Thelma De Graft, Jacob Laari
Page 2
Kingdom Missions International
Report of the Management Committee and Accounts for the year ended 31[st] March 2023
Responsibilities of the Management Committee
The Charities Act 1993 requires the Management Committee to prepare financial statements for each financial year which gives a true and fair view of the state of the affairs of the charitable activities as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the year then ended.
In preparing those financial statements which give a true and fair view, the committee should follow best practice and:
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Select suitable accounting policies and then apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the activities continue on that basis.
The Management Committee is responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the association. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserve Policy
The Charity Commission requires charities to determine and explain their policy for free reserves. The trustees have reviewed its free reserves policy and have turned its entire unrestricted funds into an emergency reserve to enable Kingdom Missions International to meet its obligations in the event of a shortfall in income or sudden upturn in expenditure.
Risk Management
The trustees have examined the major risk which Kingdom Missions International faces and maintaining our free reserves at a reasonable level, combined with our annual review of controls over financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks, which we face and confirm that they have established systems to mitigate the significant risks.
Approved by the trustees’ committee on 20[th] October 2023 and signed on its behalf by Louisa Sarpong MA Trustee Dated 20[th] October 2023
Page 3
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31[st] March 2023
Independent Examiner’s Report on the accounts Report to the members for the year ended 31[st] March 2023
Respective responsibilities of the trustees and the examiner
The trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (The Act) and that an independent examination is needed. It is our responsibility to: Examine the accounts (under section 43(3)(a) of the Act);
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Follow the procedures laid down in the General Directives given by the Charity Commissioners (under section 43(7)(b) of the Act); and
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State whether particular matters have come to our attention.
Basis of Independent Examiner’s Statement
Our examination was carried out in accordance with General Directives given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent Examiner’s Statement
In connection with our examination, no matter has come to our attention:
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which gives us the reasonable cause to believe that in any material respect the requirement:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounts have not been met; or
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to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Jacob Laari
Dated: 20[th ] October 2023
Jacob Manu & co Chartered Certified Accountants
125 roman road London E2 0QN
page 4
KINGDOM MISSIONS INTERNATIONAL
Statement of financial activities (incorporating an income and expenditure account) For the year ended 31[st] March 2023
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Total Total
Restri 2023 2022
Incoming Resources Unrestricted cted
£ £ £
Activities in furtherance of the
Charity's
objectives:
Collections 137154 - 137154 91822
Other income -
Total Inflow of resources 137154 137154 91822
Outgoing Resources
Charitable Expenditure:
Support costs of activities in
furtherance
of Charity's objects 109050 - 109050 71200
Management and administration 27262 - 27262 19200
Total resources expended 136312 - 136312 90400
Net incoming/(Outgoing) resources
before transfers 842 842 1422
Transfers between funds
Net movement in funds 842 842 1422
Addition of Voluntary asset 0 0
Funds at 1 April 2022 2622 2622 1200
Funds at 31 March 2023 3464 3464 2622
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All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.
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KINGDOM MISSIONS INTERNATIONAL
| STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 2023 £ Non-current assets 11826 Current Assets Receivable control account0 Cash at Bank – Current 6300 Cash at Bank –Deposit 0 Current liabilities (14662) Net Current Assets /Liabilities (8362) Net Assets 3464 Funds Restricted funds 0 Unrestricted funds 0 Designated funds 0 General funds 3464 |
2022 £ 14759 0 4550 0 (16687) (12137) 2622 0 0 0 2622 |
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The statements on page 6(a) form part of these accounts
Approved by the Management Committee on 20[th] October 2023 and signed on its behalf by
Ms Louisa Sarpong M.A. Trustee
Page 6
KINGDOM MISSIONS INTERNATIONAL
TRUSTEES STATEMENTS ON THE ACCOUNTS
The Trustees’ statements required by Sections 475(2) and (3) of the Companies Act 2008 for the year ended 31 March 2023
For the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2008 relating to small companies.
The Trustees’ responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.
The financial statements were approved by the board of Trustees on 20[th] October 2023 and signed on its behalf by
Ms Louisa Sarpong MA
Trustee
Dated 20[th] October 2023