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2021-12-31-accounts

KINGDOM LIGHT CHAPEL (KLC)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] December 2021

CHARITY NUMBER: 1191173

Table Of Contents

Legal & Administrative Details .……………………………………………… 1 Trustees’ Report …………………………………………………………………… 2 Independent Examiner’s Report ….………………………………………….. 3 Financial Statements ………………..…………………………………………… 5

KINGDOM LIGHT CHAPEL (KLC)

LEGAL & ADMINISTRATIVE DETAILS

YEAR ENDED 31 December 2021

ADDRESS FOR CORRESPONDENCE

38 RYDALL TERRACE LEEDS LS11 9LD

REGISTERED CHARITY NUMBER

1191173

GOVERNING DOCUMENT

CONSTITUTION ADOPTED 01/01/2018

TRUSTEES/ DIRECTORS

WILLIAM MENSAH COMFORT BOADU MOSES FREDERICK OLA SALOMEY AMANKWAA GEORGE TAKYI TABIRI DERRICK DWAMENA KWATENG FRANCISCA KWAKYE

PRINCIPAL BANKERS

LLOYDS BANK PLC 25 GRESHAM STREET LONDON EC2V 7HN

INDEPENDENT EXAMINER

DKA ACCOUNTING LTD EAST WING CASTLE HOUSE DAWSON ROAD MILTON KEYNES MK1 1QT

1

TRUSTEES’ REPORT

The trustees are pleased to present their report for the year ended 31st December 2021 for the charity Kingdom Light Chapel (KLC) with charity number. 1191173

The Trustees of the charity are:

WILLIAM MENSAH COMFORT BOADU MOSES FREDERICK OLA SALOMEY AMANKWAA GEORGE TAKYI TABIRI DERRICK DWAMENA KWATENG FRANCISCA KWAKYE

The principal address of the charity is:

38 RYDALL TERRACE LEEDS LS11 9LD

Structure, Governance and Management

The Charity governing document is a constitution that was approved on 01/01/2018. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the charity’s financial position.

Objectives and Activities

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of residents in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

Achievements and Performance

The organisation held successful services/meetings throughout the year in which individuals were educated and equipped on the principles and doctrines of the Christian faith. Membership continues to grow due to the outreach programmes held by the organisation.

2

INDEPENDENT EXAMINER’S REPORT

Financial Review

The income of the charity was £29,496 for the period. The charity is also well positioned to manage its costs effectively.

Reserve Policy

It is the policy of the charity to maintain unrestricted funds. These are the reserves of the organisation and equivalent to 3 months of unrestricted expenditure. The aim is to ensure there is adequate funds to cover any emergency expenditure that may arise. They will seek to maintain this level throughout the year.

Risk Management

The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.

Trustee Responsibilities

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed.

  4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

This report of the charity for the year ended 31[st] December 2021 relates to the Receipts and Payment Account.

3

Respective responsibilities of Trustees and examiner

The charity’s Trustees 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 my responsibility to:

Basis of the independent examiner’s statement

My examination included a review of the accounting records kept by the charity. It included consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:

  2. proper accounts records are kept in accordance with section 41 of the Act; and

  3. accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or

  4. to which in my opinion attention should be drawn in order to enable proper understanding of the accounts to be reached.

DAVID AKAKPO MA (FAM), ACMA, CGMA

4

KINGDOM LIGHT CHAPEL (KLC)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Note
Incoming resources from Generated funds
Donations and Legacies
1
Other Income
2
Total Incoming resources
Resources expended in furtherance of charity objectives
Charitable activities
3
Other
4
Total Resources Expended
Net movement in funds		 UNRESTRICTED
FUNDS
£
29,496
-
29,496
21,481
-
21,481
8,015		 2021
2020
£
£
29,496
-
-
-
29,496
-
21,481
29,943
-
86
21,481
30,029
8,015
(2,350)

The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above. The notes on the accounts form part of these accounts.

5

KINGDOM LIGHT CHAPEL (KLC)

BALANCE SHEET AS AT 31 DECEMBER 2021

ASSETS
Fixed Assets
Total Fixed Asset
Current Assets
Cash at bank and in hand
Cash at bank
Total Cash at bank and in hand
Net current assets
Support fund
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Bounce back loan
Total Creditors: amounts falling due after more than one year
Total net assets (liabilities)
CHARITY FUNDS
Opening balance
Surplus/(Deficit)
Total Funds
The financial statements were approved on
SIGNED ON BEHALF OF THE BOARD BY:
NAME:
STATUS		 ASSETS
Fixed Assets
Total Fixed Asset
Current Assets
Cash at bank and in hand
Cash at bank
Total Cash at bank and in hand
Net current assets
Support fund
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Bounce back loan
Total Creditors: amounts falling due after more than one year
Total net assets (liabilities)
CHARITY FUNDS
Opening balance
Surplus/(Deficit)
Total Funds
The financial statements were approved on
SIGNED ON BEHALF OF THE BOARD BY:
NAME:
STATUS		 2021
2020
£
£
-
-
-
-
-
-
-
-
-
-
8,015
8,015
-
8,015
-
-
-
-
-
8,015
-
-
-
8,015
-
8,015
-
23/Oct/2022
WILLIAM MENSAH
Board Chairman

6

KINGDOM LIGHT CHAPEL (KLC)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

DETAILED INCOME AND EXPENDITURE ACCOUNTS

Incoming resources from Generated funds
Tithe and Offering
Gift Aid
Total Income
Resources expended in furtherance of charity objectives
Advertising/Promotional
Bank Charges
Charitable contributions
Decoration
Office/General Administrative Expenses
Refreshments
Rent
Travel and Accommodation
Net Surplus for the year		 UNRESTRICTED
FUNDS
£
29,496
-
29,496
120
2
6,323
111
3,400
767
7,071
3,686
21,481
8,015
8,015		 2021
2020
£
29,496
-
-
-
29,496
-
120
-
2
-
6,323
-
111
-
3,400
-
767
-
7,071
-
3,686
-
21,481
-
8,015
-
8,015
-

7