OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-01-31-accounts

Annual Report 1 February 2022 to 31 January 2023

Charity Registration Number: 1196107 Company Registration Number: 12139940

Table of Contents

ADMINISTRATIVE INFORMATION
..........................................................
3
DIRECTORS
........................................................................................
3
THE PURPOSES OF THE CHARITY AS SET OUT IN ITS GOVERNING DOCUMENT
.........................................................................................................
4
HOW OUR ACTIVITIES DELIVERED PUBLIC BENEFIT
...............................
4
RESERVES POLICY
..............................................................................
5
PUBLIC BENEFIT
.................................................................................
5
RECRUITMENT OF DIRECTORS
.............................................................
5
RISK MANAGEMENT
............................................................................
5
DECLARATIONS
..................................................................................
5
FINANCIAL STATEMENTS
.....................................................................
6

The Directors present their annual report and financial statements for the year ended 31 January 2023.

Administrative Information

Charity Name: Operation Kindle operating as

SMRC: Serving a Multiplying and Resilient Church

Charity Registration No: 1196107

Company Registration No: 12139940

Principal Office: 4[th] Floor Silverstream House, 45 Fitzroy Street, London W1T 6EB Independent Examiner: E Dessai & Co, Chartered Accountants Congress House Office 10, Suite 1, 4[th] Floor 14 Lyon Road, Harrow Middlesex, HA1 2EN

The organisation is a charitable company limited by guarantee, incorporated on 5 August 2019 and registered as a charity on 11 October 2021. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Directors

Mehrshad Rasaei Director and Chief Executive Officer Lynne Burke Chair Habibullah Ahmadifa Director Rev Carol Canter Director

The purposes of the charity as set out in its governing document

The advancement of the religion of Christianity for the benefit of the public in the UK and in other countries through:

How our activities delivered public benefit

+ Christian Thought Centre Magazine. An internet publication dedicated to Christian education, current thought, prayer, and discussions about living the Christian life. Individual articles are viewed by 1000- 5000 people.

+ CBT Specialist Counselling Centre. The psychotherapy team is made up of qualified professionals dedicated to providing mental-health support to church leaders and emergent leaders struggling with life’s challenges. This year we delivered our first and second Trauma focused course attended by 14 leaders from 5 different countries. We also had many online CBT training including Traction Analysis and Personality Psychology. The extensive library of documents in a variety of languages has been used by 1470 people this year

+ Prayer In times of persecution we have been instrumental in informing and leading prayers across the world. We also provide telephone and online prayer support 24:7. + Social Media We are active on Facebook, Instagram, Link. We have thousands of followers watching our posts and praying for our work.

Principal Funding Sources

Christian organisations, ministries and evangelical churches provide funding for staff, equipment, materials, meetings, mentoring and conferences.

Reserves Policy

The Directors minimise financial risk by monitoring income and costs, actively engaging with grant funders and limiting financial liabilities. The trustees aim to maintain a reserve of three months operating costs.

•To support the operations of the trust if income was to fall temporarily

•To enable a controlled rundown of activities if it became no longer feasible to continue the operations of the trust.

Public benefit

The trustees confirm that they have paid due regard to the public benefit guidance published by the Charity Commission for England and Wales and that the charity is effectively doing what it was set up to do and is making a difference to its beneficiaries.

Recruitment of Directors

The directors of the company are also charity trustees for the purposes of charity law. We are actively seeking to extend the Board.

Risk Management

The Management Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature Full name(s) Lynne Marie Burke Position (eg Chair of Trustees Secretary, Chair, etc)

Date 7 November 2023

FINANCIAL STATEMENTS

PREPARED BY:

E Dessai & Co Limited Chartered Accountants Congress House Office 10 4th Floor 14 Lyon Road Harrow Middlesex HA1 2EN

REGISTERED COMPANY NUMBER: 12139940 (England and Wales) REGISTERED CHARITY NUMBER: 1196107

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

OPERATION KINDLE LTD

E Dessai & Co Limited Chartered Accountants Congress House Office 10 4th Floor, 14 Lyon Road Harrow Middlesex HA1 2EN

OPERATION KINDLE LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31

Page Page
REPORT
OF
THE
TRUSTEES		 1
STATEMENT
OF
FINANCIAL		 ACTIVITIES 2
BALANCE
SHEET		 3
NOTES
TO
THE
FINANCIAL		 STATEMENTS 4
TO		 8
DETAILED
STATEMENT
OF		 FINANCIAL ACTIVITIES 9

OPERATION KINDLE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

12139940 (England and Wales)

Registered Charity number

1196107

Registered office

Silverstream House 45 Fitzroy Street London W1T 6EB

Trustees

Reverend C P Canter H Ahmadifar M Rasaei Ms L M Burke

Company Secretary

Approved by order of the board of trustees on ............. 23/10/2023...........................and signed on its behalf by:

........................................................................ M Rasaei - Trustee

Page 1

OPERATION KINDLE LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023

Notes
2023
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
70,773
EXPENDITURE ON
Charitable activities
3
Pastors Support
28,722
Mission Support
Governance cost
6,730
17,651
Total
53,103
NET INCOME/(EXPENDITURE)
17,670
RECONCILIATION OF FUNDS
Total funds brought forward
(9,810 )
TOTAL FUNDS CARRIED FORWARD
7,860		 2022
Total
funds
£
34,465
-
19,112
17,163
36,275
(1,810 )
(8,000 )
(9,810 )

The notes form part of these financial

Page 2

OPERATION KINDLE LTD

BALANCE SHEET 31 JANUARY 2023

Notes
2023
Unrestricted
funds
£
CURRENT ASSETS
Cash at bank
15,352
CREDITORS
Amounts falling due within one year
8
(7,492 )
NET CURRENT ASSETS/(LIABILITIES)
7,860
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,860
NET ASSETS/(LIABILITIES)
7,860
FUNDS
Unrestricted funds
10
7,860
TOTAL FUNDS
7,860		 2022
Total
funds
£
7,480
(17,290
)
(9,810 )
(9,810 )
(9,810 )
(9,810 )
(9,810 )

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............ 23/10/2023.........................and were signed on its behalf by:

............................................. M Rasaei - Trustee

The notes form part of these financial

Page 3

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Support Leaders funding		 2023
£
2,196
68,577
70,773		 2022
£
4,637
29,828
34,465

continued...

Page 4

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023

3. CHARITABLE ACTIVITIES COSTS

Pastors Support
Mission Support
Governance cost
4.
SUPPORT COSTS
Management
£
Mission Support
935
Governance cost
-
935
5.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries		 Support
Direct
Costs
costs (see
note 4)
£
28,722
£
-
5,795
935
-
17,651
34,517
18,586
Governance
Finance
£
costs
£
-
-
299
17,352
299
17,352
2023
£
9,492		 Totals
£
28,722
6,730
17,651
53,103
Totals
£
935
17,651
18,586
2022
£
7,500

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.

6. STAFF COSTS

STAFF COSTS
2023 2022
£ £
Wages and salaries 9,492 7,500
9,492 7,500
The average monthly number of employees during the year was as follows:
2023 2022
Admin 1 1

No employees received emoluments in excess of £60,000.

continued...

Page 5

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Charitable activities
Mission Support
Governance cost
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 9)
Trustee
9.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans		 Unrestricted
funds
£
34,465
19,112
17,163
36,275
(1,810 )
(8,000 )
(9,810)
2023
2022
£
£
-
9,790
7,492
7,500
7,492
17,290
2023
£
2022
£
-
9,790

continued...

Page 6

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023

10. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.2.22 in funds 31.1.23
£ £ £
Unrestricted funds
General Fund
(9,810 )		 17,670 7,860
TOTAL FUNDS
(9,810 )		 17,670 7,860
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund
70,773		 (53,103 ) 17,670
TOTAL FUNDS
70,773		 (53,103 ) 17,670
Comparatives for movement in funds
Net
movement At
At 1.2.21 in funds 31.1.22
£ £ £
Unrestricted funds
General Fund
(8,000 )		 (1,810 ) (9,810 )
TOTAL FUNDS
(8,000 )		 (1,810 ) (9,810 )
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund
34,465		 (36,275 ) (1,810 )
TOTAL FUNDS
34,465		 (36,275 ) (1,810 )

Comparative net movement in funds, included in the above are as follows:

continued...

Page 7

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.21 in funds 31.1.23
£ £ £
Unrestricted funds
General Fund (8,000 ) 15,860 7,860
TOTAL FUNDS (8,000 ) 15,860 7,860

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund 105,238 (89,378 ) 15,860
TOTAL FUNDS 105,238 (89,378 ) 15,860

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2023.

Page 8

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2023

2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 2,196 4,637
Support Leaders funding 68,577 29,828
70,773 34,465
Total incoming resources 70,773 34,465
EXPENDITURE
Charitable activities
Rent,Rates and water - 120
Travelling expenses 5,795 18,992
Conference cost 28,722 -
34,517 19,112
Support costs
Management
Advertising 935 -
Finance
Bank charges 299 243
Governance costs
Trustees' salaries 9,492 7,500
Insurance 630 -
Telephone 23 310
Postage and stationery 811 961
Sundries 142 98
Accountancy 1,440 -
Computer cost 4,814 8,051
17,352 16,920
Total resources expended 53,103 36,275
Net income/(expenditure) 17,670 (1,810 )

9

OPERATION KINDLE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued This pag ~~e does not form part of the statutory financial state~~ FOR THE YEAR ENDED 31 JANUARY 2023 ments

10