Charity number: 1195036
KEYS OF THE KINGDOM MINISTRIES
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
KEYS OF THE KINGDOM MINISTRIES Contents Page For the year ended 31 March 2022
| Report of the Trustees | 1 to 4 |
|---|---|
| Independent Examiner's Report to the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 |
| Detailed Statement of Financial Activities | 9 |
KEYS OF THE KINGDOM MINISTRIES Report of the Trustees
For the year ended 31 March 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2022. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
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KEYS OF THE KINGDOM MINISTRIES Report of the Trustees Continued
For the year ended 31 March 2022
ACHIEVEMENTS AND PERFORMANCE
Achievements against objectives
Report of the Trustees
ACHIEVEMENTS AND PERFORMANCE
The Trustees are pleased to report that the Church/Charity is continually pursuing its objectives of: ADVANCING THE CHRISTIAN FAITH A. Regular Sunday services taking place in KKM- LSFI - Tooting (Main) and 8 Outreaches within the UK.
B. Life in the Spirit School of Ministry (LSSM) is ongoing in our Sussex Outreach.
C. Wednesday, Friday and pre-Service Prayer Meetings are conducted regularly. 7 Days of Congregational Prayer & Fasting on 1st week of January & June.
D. Home Cell Groups (HCG) are happening every week, every other week; new ones are opened and attended by most church members.
- E. Regular Shepherds' Class and HCG workshops are well attended by leaders, potential leaders and members.
F. Advancement of the Gospel through placards, evangelical tracts & songs are being done as per evangelism schedule.
G. The Mighty Men of Valour's Cell Group joint fellowship were conducted regularly; the Chosen Ladies of Zion (CLZ) were gathering according to their schedule.
H. Children's Sunday School are regularly happening and well attended.
I. Vacation Bible School (VBS) for children was a success as testified by children and parents alike.
J. Well established Youth & Young Adult's Ministry; increasing in number and membership.
K. Mauritius- LSF Outreach is in progress; now supported & headed by one of our Pastors.
L. Media Ministry were very effective & instrumental in providing social media means of online worship service, preaching, teaching, seminars, bible studies, and counselling i.e., Facebook, YouTube & Zoom especially at the height of Covid Crisis.
M. Anniversary Celebration in October 2021 was well attended by over 500 people during 3-day activities.
N. Our Pastor has been involved in other Missions in Spain, Italy and Turkey through Preaching & Teaching, likewise in other International Outreaches.
THE PREVENTION OR RELIEF OF POVERTY IN THE UK AND THE WORLD
A. There is an ongoing commitment to financially support 8 charities, namely: Far East Broadcasting Corporation, World Vision, Joseph's Store House, Prison Fellowship, Tear Fund, Agape World Mission, Shelter & Open Doors.
B. Actively and financially supporting church's members in times of bereavement and loss of loved ones.
C. Providing regular, long term and/or one-off financial support to individuals awaiting employment or governments' benefits, based on thorough assessment of situation or need.
D. Providing national & international financial help directly and through agencies to individuals and families suffering from natural or manmade calamities.
E. Supporting the church ministry in the Philippines to care for street children and poor families by providing financial support as well as sending material goods.
We will continue to endeavour by God's grace and the faithfulness of everyone involved in achieving the objectives of the church and the charity.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity KEYS OF THE KINGDOM MINISTRIES Charity registration number 1195036
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KEYS OF THE KINGDOM MINISTRIES Report of the Trustees Continued
For the year ended 31 March 2022
Principal address
268 MITCHAM ROAD TOOTING LONDON SW17 9NT
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiners
Mr ANALOU GALO Mr DENNIS COLOSO Mr GILBERT DIAZ| Mrs JULIA BARFOOT Mrs MARIA THERESA ECHANO CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 31 January 2023 Mr DENNIS COLOSO
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KEYS OF THE KINGDOM MINISTRIES Independent Examiners Report to the Trustees
For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.
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 that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
31 January 2023
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KEYS OF THE KINGDOM MINISTRIES Statement of Financial Activities For the year ended 31 March 2022
| Notes Income and endowments from: Donations and legacies 2 Other income Deposit Total Expenditure on: Charitable activities 3/4 Evangelism Total Net income Total funds carried forward |
Unrestricted funds £ 119,878 351,898 |
|---|---|
| 471,776 | |
| (102,276) | |
| (102,276) | |
| 369,500 | |
| 369,500 |
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KEYS OF THE KINGDOM MINISTRIES Statement of Financial Position As at 31 March 2022
| Notes Fixed assets Tangible assets 6 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds Total funds |
£ 2022 10,859 |
|---|---|
| 10,859 | |
| 363,776 | |
| 363,776 | |
| (5,135) 358,641 |
|
| 369,500 | |
| 369,500 | |
| 369,500 | |
| 369,500 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mrs JULIA BARFOOT Trustee
31 January 2023
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KEYS OF THE KINGDOM MINISTRIES Notes to the Financial Statements
For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
KEYS OF THE KINGDOM MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
| Unrestricted funds Donations received 3. Costs of charitable activities by fund type Unrestricted funds Evangelism 4. Costs of charitable activities by activity type Activities undertaken directly Evangelism 5. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets |
2022 £ 119,878 |
|---|---|
| 119,878 | |
| 2022 £ 102,276 2022 £ 102,276 2022 £ 3,620 |
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KEYS OF THE KINGDOM MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 March 2022
6. Tangible fixed assets
| Cost or valuation Additions At 31 March 2022 Depreciation Charge for year At 31 March 2022 Net book values At 31 March 2022 |
Fixtures and Fittings £ 9,750 9,750 2,437 2,437 7,313 |
Computer Equipment £ 4,728 4,728 1,182 1,182 3,546 |
Total £ 14,478 |
|---|---|---|---|
| 14,478 | |||
| 3,619 | |||
| 3,619 | |||
| 10,859 |
7. Creditors: amounts falling due within one year
| 2022 | |
|---|---|
| £ | |
| Other creditors | 335 |
| Accruals and deferred income | 4,800 |
| 5,135 |
9. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 10,859 358,641 369,500 |
|---|---|
| 10,859 358,641 369,500 |
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KEYS OF THE KINGDOM MINISTRIES Detailed Statement of Financial Activities
For the year ended 31 March 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Other income Deposit Total incoming resources EXPENDITURE Charitable activities Depreciation - Owned Assets Computer Consumables Repairs & Renewals Hall Hire Expenses Evangelism & Mission Cleaning Expenses Honorarium Travel & Motor Expenses Telephone Expenses Pps Insurance Website Advert & Media Light & Heat Subscriptions Bank Charges Professional Fees Accountancy Fee Welfare & Hospitality Sundry Expenses Total resources expended Net Income |
£ 2022 119,878 |
|---|---|
| 119,878 351,898 |
|
| 351,898 | |
| 471,776 (3,620) (238) (3,048) (6,670) (58,470) (1,378) (1,500) (4,986) (487) (298) (492) (190) (417) (555) (112) (89) (509) (4,800) (13,867) (550) |
|
| (102,276) | |
| (102,276) | |
| 369,500 |
9 of 9 This page does not form part of the statutory financial statements