## **Kingdom Culture Church** ## **Financial Report 2021-2022** ## **Introduction** The financial accounts have now been prepared by the accountants. There has been a delay in the production of the accounts as the accountant has had a period of ill health together with staff issues in their office. ## **Income and Expenditure** ## **Income** Income for the year was £83652 an increase on the previous year of £53,009. It should be noted that the previous financial year was a short year due to the church starting to operate fully after COVID. Other income of note for the year was £1,320 raised for Immy Fernandes in Bangalore and £6,231 to Pastor Sam. There was also a gift of £1,000 for equipment. ## **Expenditure** Expenditure for the year totalled £37,489. The key areas of expenditure are outlined below. The church gave the following to other organisations/appeals. - Immy Fernandes - £1,300 - Water Carriers - £5,610 - India Appeal - £9,831 - Other appeals - £4,687 This equates to 57% of the expenditure budget. Bank charges were £484 for the year. However during this period we have started to change the bank account to HSBC which has a specific charity account with bank charges from £8.00 per month against Lloyds bank who charged a business rate based upon our income and expenditure. Media at £1622 relates in the main to KCC utilising Laura Murray to provide help and support for our media team. In addition we also spent £1164 on printing for the Year. We spent £4962 on equipment during the year. This related to the equipment needed by the media team and band to improve the quality of the production in the leisure centre as well as video equipment for the recording of the service. Room hire totalled £1955 for the year for the use of the hall at Spennymoor leisure centre. For the year we therefore had net receipts for the of £46,163. Cash at the bank was £90,989 ## **Recommendation** It is recommended that the Trustees agree the accounts for 2021-22 financial year. **----- Start of picture text -----**
KINGDOM CULTURE CHURCH 1192702
Receipts and payments accounts CC16a
For the period 01/04/2021 31/03/2022
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Tithes / Offerings 73,426 - - 73,426 48,885
Water Carriers 720 - - 720 2,930
Bangalore 1,320 - - 1,320 665
Kingdom Heart 675 - - 675 161
India Covid Appeal 6,231 - - 6,231 368
Equipment 1,000 - - 1,000 -
Other 280 - - 280 -
- - - - -
Sub total (Gross income for
83,652 - - 83,652 53,009
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 83,652 - - 83,652 53,009
A3 Payments
Bangalore 1,300 - - 1,300 1,020
Water Carriers 5,610 5,610
India Covid Appeal 9,831 9,831
External Giving - General 4,687 4,687
Kingdom Heart 736 - - 736 628
Internal Programmes - Other 702 702
Visiting Speaker - - - - 800
Kingdom Kids & Teens 85 - - 85 424
Other Offerings - - - - 2,770
Courses 270 - - 270 62
Bank Charges 484 - - 484 284
Insurance 227 - - 227 240
Legal Fees - - 870
Media 1,622 1,622 235
Safeguarding 753 753 313
Subscriptions 695 695 407
Equipment 4,962 4,962 130
Baby Showers 193 193
Catering / Hospitality 580 580
Flowers 421 421
Gifts 30 30
Postage / Stationery / Printing 1,164 1,164
Room Hire 1,955 1,955
Welcome Packs 384 - - 384 -
Sub total [ 36,691 ] - - 36,691 8,183
A4 Asset and investment
purchases, (see table)
Video Equipment 798 - - 798
- - - -
Sub total [ 798 ] - - 798 -
Total payments 37,489 - - 37,489 8,183
Net of receipts/(payments) 46,163 - - 46,163 44,826
A5 Transfers between funds - - - - -
A6 Cash funds last year end 44,826 - - 44,826 -
Cash funds this year end 90,989 - - 90,989 44,826
**----- End of picture text -----**
CCXX R1 accounts (SS) 19/06/2023 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
**Details**
**Details**
Video Equipment
Bank Account - Lloyds ****2060
Bank Account - HSBC ****8742
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**54,515**
**-**
**36,474**
**-**
**-**
**-**
**90,989**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Unrestricted
**798**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
**MICHAEL CLOSE**|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**| |---|---|---|---| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval| CCXX R2 accounts (SS) 19/06/2023 2 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
**KINGDOM CULTURE CHURCH**|Charity Name
**KINGDOM CULTURE CHURCH**|Charity Name
**KINGDOM CULTURE CHURCH**| |---|---|---|---| ||||| ||**31/03/2022**|**Charity no**
**(if any)**|**1192702**| ||||| ||(remember to include the page numbers of additional sheets)
**1-2**||| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY31/03/2022** . - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**|**Date:**|| |---|---|---| |||**19/06/2023**| |||| ||**PHILIP ROWBERRY**|| |||| ||**FCCA FMAAT**|| |||| ||**SME HOUSE**|| ||**HOLME LACY INDUSTRIAL ESTATE**|| ||**HEREFORD HR2 6DR**|| **October 2018** 1 **IER** **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . **October 2018** 2 **IER**