KINGDOM LIGHT CHAPEL (KLC)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] December 2023
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 2023
ADDRESS FOR CORRESPONDENCE
169 MORESDALE LANE LEEDS LS14 6TF
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 2023 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:
169 MORESDALE LANE LEEDS LS14 6TF
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 £40,673 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:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
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 2023 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:
-
examine the accounts (under section 43 of the Act)
-
follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and
-
state whether particular matters have come to my attention.
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:
-
which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:
-
proper accounts records are kept in accordance with section 41 of the Act; and
-
accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or
-
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 2023
| Note UNRESTRICTED FUNDS Incoming resources from Generated funds £ Donations and Legacies 1 40,674 Other Income 2 - Total Incoming resources 40,674 Resources expended in furtherance of charity objectives Charitable activities 3 12,084 Other 4 - Total Resources Expended 12,084 Net movement in funds 28,590 |
2023 2022 £ £ 40,674 51,153 - - 40,674 51,153 12,084 29,943 - 86 12,084 30,029 28,590 (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 2023
| ASSETS Fixed Assets Tangible assets Motor Vehicles Cost Motor Vehicles Depreciation 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 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 |
2023 2022 £ £ - - 5,250 5,250 (5,250) (2,625) - 2,625 75,699 44,484 75,699 44,484 75,699 44,484 - - 75,699 44,484 75,699 44,484 - - - - 75,699 47,109 47,109 8,015 28,590 39,094 75,699 47,109 20/Sep/2024 |
|---|---|
SIGNED ON BEHALF OF THE BOARD BY:
NAME:
WILLIAM MENSAH
STATUS
Board Chairman
6
KINGDOM LIGHT CHAPEL (KLC)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| UNRESTRICTED FUNDS Incoming resources from Generated funds £ Tithe and Offering 40,674 Gift Aid - Total Income 40,674 Resources expended in furtherance of charity objectives Advertising/Promotional - Bank Charges 23 Charitable contributions 276 Decoration - Accounting fees 446 Office/General Administrative Expenses 1,661 Refreshments 77 Rent 2,550 Course and training fees 2,533 Insurance 534 Printing, Postage and Stationery 8 Motor running expense 13 Travel and Accommodation 1,337 Depreciation 2,625 12,084 Net Surplus for the year 28,590 28,590 |
2023 2022 £ £ 40,674 51,153 - - 40,674 51,153 - - 23 2 276 1,660 - - 446 424 1,661 300 77 749 2,550 3,710 2,533 - 534 - 8 - 13 4 1,337 2,585 2,625 2,625 12,084 12,059 28,590 39,094 28,590 39,094 |
|---|---|
7