Charity Registration Number : 1198505
KINGDOM FAITH MINISTRIES INTERNATIONAL
A CHARITABLE INCORPORATED ORGANISATION (CIO) TRUSTEES’ REPORT
AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
KINGDOM FAITH MINISTRIES INTERNATIONAL
CONTENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Legal and Administrative Information | ...................................................................................... | 1 |
|---|---|---|
| Trustees' Report | ...................................................................................... | 2 - 3 |
| Balance Sheet | ...................................................................................... | 4 |
| Statement of Financial Activities | ...................................................................................... | 5 - 6 |
| Notes to the Financial Statements | ...................................................................................... | 7 - 10 |
KINGDOM FAITH MINISTRIES INTERNATIONAL
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Trustees Charity Number Registered Office Independent Examiner
Rev. Daniel Mateola Ruth Mateola Odukomaiya Adetola Lepitt Alun Russell Makinde Victor Olumide 1198505 2A, Blackhill Drive Wolverton Milton Keynes MK12 5TS Chris Atkins Services One Limited Office C310, Access Storage Building Unit 1, Meridian Trading Estate, 20, Bugby's way London SE7 7SF
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KINGDOM FAITH MINISTRIES INTERNATIONAL
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their annual report and financial statements for the year ended 30 September 2025.
Trustee's report and financial statements
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 30 September 2025. 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).
KINGDOM FAITH MINISTRIES INTERNATIONAL
TRUSTEES REPORT FOR YEAR ENDED 30 SEPTEMBER 2025
STRUTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Kingdom Faith Ministries International is a charity originally created by Trust Deed and is now re-registered as a CIO with the Charity Commission. The CIO took over operations from the Trust on 1st October 2022. KFMI has continued to run as a CIO till date.
Aims and Objectives
The charity is established to provide an enabling environment for worshipping God, and to advance the Christian faith. This is achieved by evangelizing to the community, demonstrating the love of God, facilitating fellowship meetings and discipling congregants through the word of God.
The objectives are.
To preach and demonstrate the gospel of the kingdom of God and thus facilitate the restoration of lost royals back to God’s royal family, their royal status, inheritance, and power to fulfil their earthly assignment.
The advancement of the Christian Faith for the benefit of the public through the holding of prayer meetings, seminars, producing and or disturbing literature on Christian Faith to enlighten others about the Christian religion.
Activities
Regular outreach programs are organized to demonstrate God’s love to the members of the community.
Weekly bible studies and discussions.
Weekly prayer meeting, praying for the community, governments, and members.
Pastoral counselling sessions to help individuals or families in need of help.
MINISTRY PROGRESS REPORT
The following is an account of the activities, events, and general progress of the Kingdom Faith Ministries International. The ministry continues to establish and develop her objectives of preaching the Word of God, training and developing people to be impactful and relevant people in the society and equipping members with both spiritual and intellectual upliftment, which are at present the primary activities of the ministry.
MEMBERSHIP
The church membership has been growing at a decent rate. This is due to the ministry offered and its impact in the lives of parishioners and people in the community.
NURTURING THE CHURCH
The following meetings are held weekly, fortnightly, or monthly:
Glory Worship Services (Every Sunday)
Midweek Bible Study & Prayer Service (Every Wednesday)
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Worship Night (Last Fridays of the Month)
Intercessory Prayer Meeting (Every Friday)
Leader’s training meeting (Fortnightly)
Community Outreaches (monthly on Saturdays)
YOUTH & TEEENAGE MINISTRY
Kingdom Faith Ministries International have an established ministry for teenagers between the ages of 14-19 called “Young Royals” to guide them and help teenagers discover themselves in the faith and grow in the knowledge of God. The ministry also recently established a ministry for young adults between the age of 20-29 called “xStart”. The purpose of this is to help young adults to have an excellent start in their adult life. They are encouraged to discover their God ordained purpose and become the best man or woman they can be, making positive impact in their world.
CHILDREN’S MINISTRY
The children’s ministry (King’s Kids) continues to disciple children. Every Sunday there are 4 classes running for the age groups ‘0-2’, ‘3-5’, ‘6-9’ and ‘10-13’ where the children get the opportunity to learn bible teachings, good morals and values and have a wonderful experience with other children.
TRUSTEE MEETING
The Trustees hold meetings twice every year during which the progress of the ministry is discussed and plans to increase, train, and equip its members are explored. Also, initiatives on how to have a positive impact in the community are discussed in the meetings. Financial and governance matters and asset acquisition are also discussed.
GENERAL INFORMATION
PLACE OF WORSHIP AND OFFICE
The Charity currently facilitates it programs from our church building (The Miracle Centre) with capacity to sit up to 200 people. The office activities and all meetings take place at this building.
CONCLUSION
The commitment of the members to the vision of Kingdom Faith Ministries International has allowed us to maintain a vibrant, multi-cultural and healthy environment for spiritual and natural growth. We are proud of this growth and will continuously work to meet the goals and objectivities of the ministry and the divine purpose God has for this church. We are grateful unto God for how far God has brought us.
FINANCIAL REVIEW AND RESERVES POLICY
The income of the charity for the year was £427,615.08p this figure includes building fund income) by way of donations. The cost of charitable activities was £432,464.08p. This was spent directly and indirectly to support the charities activities. At the end of the year, 30 September 2025, there was an unrestricted fund balance amounting to £494,610 and restricted fund closing balance of £51580.33p.
The charity’s policy is to retain reserves, to a level where they equate in value to at least approximately 12 months’ expenditure. This should provide a reasonably secure financial base on which to plan future projects and commit to related expenditure before external funding has been fully secured. The charity continues to review its reserves policy so that the charity will be able to continue its current level of activities in the event of a significant drop in funding.
STATEMENT OF TRUSTEES RESPONSIBILITIES
Charity law requires the trustees to prepare accounts for each financial year which gives a true and fair view of the state of affairs of the CIO and of the profit and loss of the CIO for that period. In preparing these accounts, the trustees are required to: -
Select suitable accounting policies and apply them consistently.
Make adjustments and estimates that are reasonable and prudent.
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Acts. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for
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the prevention and detection of fraud and other irregularities. The Trustees confirm that the accounts comply with current statutory requirements and those of the Charity’s Constitution.
We approve the attached statement of financial activities and balance sheet for the year ended 30th September 2025 and confirm that we have made available all information necessary for its preparation.
Approved by the Trustees on: 19/06/2026
Signed on their behalf by Trustee: Daniel Mateola
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Rev. Daniel Mateola Ruth Mateola Odukomaiya Adetola Lepitt Alun Russell Makinde Victor Olumide
Trustee's responsibilities statement
The trustees, who are also the directors of Charity For Kingdom Faith Ministries International for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on its behalf by:
Rev. Daniel Mateola Trustee
Date : 19 June 2026
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KINGDOM FAITH MINISTRIES INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Raising funds 3 Charitable activities 4 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 372,318.75 372,318.75 134,739.44 280,294.64 415,034.08 (42,715.33) (42,715.33) 914,009.00 871,293.67 |
Restricted funds £ 55,296.33 55,296.33 - 17,430.00 17,430.00 37,866.33 37,866.33 14,114.00 51,980.33 |
Total Funds 2025 £ 427,615.08 427,615.08 134,739.44 297,724.64 432,464.08 (4,849.00) (4,849.00) 928,123.00 923,274.00 |
Total Funds 2024 £ 434,695.00 |
|---|---|---|---|---|
| 434,695.00 | ||||
| 19,055.00 369,170.00 |
||||
| 388,225.00 | ||||
| 46,470.00 | ||||
| 46,470.00 881,653.00 |
||||
| 928,123.00 |
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KINGDOM FAITH MINISTRIES INTERNATIONAL
BALANCE SHEET
FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Recommended categories by activity Notes Fixed assets Tangible assets 6 Total fxed assets Current assets Debtors 7 Cash at bank and in hand 8 Total current assets Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year 10 Total net assets Funds of the Charity Unrestricted funds 11 Restricted funds 11 Endowment funds 11 Total funds |
Total Funds 2025 £ 737,933.43 737,933.43 - 546,590.33 546,590.33 19,695.85 526,894.48 1,264,827.91 341,553.91 923,274.00 871,293.67 51,980.33 - 923,274.00 |
Total Funds 2024 £ 734,369.00 734,369.00 84,334.00 562,242.00 646,576.00 14,072.00 632,504.00 1,366,873.00 438,750.00 |
|---|---|---|
| 928,123.00 | ||
| 914,009.00 14,114.00 - |
||
| 928,123.00 |
For the year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 19 June 2026 and signed on its behalf by:
Rev. Daniel Mateola Trustee
Date : 19 June 2026
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KINGDOM FAITH MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Charity for KINGDOM FAITH MINISTRIES INTERNATIONAL is a Charitable Incorporated Organization (CIO) in Charity Commission for England and Wales. The registered office is 2A, Blackhill Drive, Wolverton, Milton Keynes, MK12 5TS.
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2. Income from Donations and Legacies
| Analysis Unrestricted funds £ Building Fund - Donation and gifts 281,151.60 Gift Aid 83,317.15 Other 7,850.00 Total 372,318.75 3. Expenditure on Raising Analysis Advertising, marketing, direct mail and publicity Wages and salaries Conference and Events Support Cost Total Support Costs |
Restricted funds £ - 55,296.33 - - 55,296.33 Funds Unrestricted funds £ 3,134.62 130,699.35 - - 133,833.97 905.48 134,739.44 |
Total funds 2025 £ - 336,447.93 83,317.15 7,850.00 427,615.08 Total funds 2025 £ 3,134.62 130,699.35 - - 133,833.97 905.48 134,739.44 |
Total funds 2024 £ 78,964.00 263,812.00 90,902.00 1,017.00 |
|---|---|---|---|
| 434,695.00 | |||
| Total funds 2024 £ - - 800.00 18,255.00 19,055.00 - |
|||
| 19,055.00 |
3. Expenditure on Raising Funds
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4. Expenditure on Charitable Activities
| Analysis | Unrestricted funds | Restricted funds | Total funds 2025 | Total funds 2024 |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Hospitality | 6,690.09 | - | 6,690.09 | 2,346.00 |
| Light and Heat | 4,302.03 | - | 4,302.03 | 3,571.00 |
| Property Insurance |
- | - | - | 2,032.00 |
| Repairs and Renewal |
20,527.64 | 17,430.00 | 37,957.64 | 13,537.00 |
| Training | 9,289.48 | - | 9,289.48 | - |
| Pastoral Allowance |
4,100.00 | - | 4,100.00 | - |
| Mortgage Interest | 25,778.65 | - | 25,778.65 | - |
| Cleaning, Health & Safety |
1,508.31 | - | 1,508.31 | - |
| Website Cost | 677.06 | - | 677.06 | - |
| Water Rate | 495.44 | - | 495.44 | - |
| Council Tax | 2,619.78 | - | 2,619.78 | - |
| Volunteer Expenses |
610.00 | - | 610.00 | - |
| Books and CDs | 76.50 | - | 76.50 | - |
| Security, Health & Safety |
3,728.88 | - | 3,728.88 | - |
| Parsonage | 16,500.00 | - | 16,500.00 | - |
| Insurance | 1,466.60 | - | 1,466.60 | - |
| Bank charges | 724.85 | - | 724.85 | 354.00 |
| Advertising and marketing |
- | - | - | 682.00 |
| Printing and stationery |
- | - | - | 829.00 |
| Legal/professional fees |
13,268.80 | - | 13,268.80 | 21,630.00 |
| Wages and salaries |
- | - | - | 109,977.00 |
| Honorarium | 17,228.16 | - | 17,228.16 | 11,713.00 |
| Evangelism | 36,570.44 | - | 36,570.44 | - |
| Mission | 35,607.10 | - | 35,607.10 | 6,487.00 |
| Charitable Donations |
16,133.89 | - | 16,133.89 | 9,242.00 |
| Subscription | 3,845.32 | - | 3,845.32 | 3,441.00 |
| Telephone & Internet |
3,069.84 | - | 3,069.84 | 2,542.00 |
| Building Renovation |
- | - | - | 56,379.00 |
| Depreciation | ||||
| Charge for the | 22,899.58 | - | 22,899.58 | - |
| Year | ||||
| Reinbursement | - | - | - | 1,540.00 |
| Rent | 4,583.52 | - | 4,583.52 | 79,287.00 |
| Welfare and Support |
9,160.24 | - | 9,160.24 | 9,300.00 |
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| Travel and Subsistence Employer NI Employer Pension Total Support Costs |
4,449.67 6,104.28 2,373.01 274,389.16 5,905.48 280,294.64 |
- - - 17,430.00 - 17,430.00 |
4,449.67 6,104.28 2,373.01 291,819.16 5,905.48 297,724.64 |
22,138.00 8,686.00 1,357.00 367,070.00 2,100.00 |
|---|---|---|---|---|
| 369,170.00 |
5. Support Costs
| Analysis Support Costs Printing and stationery Governance Costs Accountants fees 6. Tangible Fixed Assets Freehold Land & Buildings £ 6.1 Cost or valuation At 01 October 2024 727,429.00 Additions - Disposals - Revaluations - Transfers - At 30 September 2025 727,429.00 6.2 Depreciation and impairments At 01 October 2024 - Charge for the year 14,548.58 Disposals - Revaluations - Transfers - At 30 September 2025 14,548.58 6.3 Net book value At 01 October 2024 727,429.00 At 30 September 2025 712,880.42 |
Freehold Land & Buildings £ 727,429.00 - - - - |
Total funds 2025 £ 1,810.95 5,000.00 6,810.95 Motor Vehicles Fixtures & Fittings £ £ 7,995.00 - 1,980.00 24,484.01 - - - - - - |
Total funds 2025 £ 1,810.95 5,000.00 |
Total funds 2025 £ 1,810.95 5,000.00 |
Total funds 2024 £ - 2,100.00 |
|
|---|---|---|---|---|---|---|
| 6,810.95 | 2,100.00 | |||||
| Fixtures & Fittings £ - 24,484.01 - - - |
Computer Equipment £ 7,542.00 - - - - 7,542.00 4,173.00 842.25 - - - 5,015.25 3,369.00 2,526.75 |
|||||
| 727,429.00 | 9,975.00 | 24,484.01 | ||||
| 4,424.00 1,387.75 - - - |
- 6,121.00 - - - |
|||||
| 14,548.58 | 5,811.75 | 6,121.00 | ||||
| 727,429.00 | 3,571.00 | - | ||||
| 712,880.42 | 4,163.25 | 18,363.01 |
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7. Debtors: Amounts falling due within one year
| Analysis of Debtors | Total funds 2024 | |||||
|---|---|---|---|---|---|---|
| £ | ||||||
| Other debtors | 84,334.00 | |||||
| Total | 84,334.00 | |||||
| 8. Cash at bank and | in hand | |||||
| Analysis | Total funds 2025 | Total funds 2024 | ||||
| £ | £ | |||||
| Cash at bank and in hand | 494,610.00 | 548,128.00 | ||||
| Cash at Bank - Building Fund | 51,980.33 | 14,114.00 | ||||
| Total | 546,590.33 | 562,242.00 | ||||
| 9. Creditors: Amounts falling due within one year | ||||||
| Analysis of Creditors | Total funds 2025 | Total funds 2024 | ||||
| £ | £ | |||||
| Pension Liabilities | 1,070.86 | - | ||||
| Accrual | 5,000.00 | 2,100.00 | ||||
| HMRC Liabilities | 13,624.99 | 11,972.00 | ||||
| Total | 19,695.85 | 14,072.00 | ||||
| 10. Creditors: Amounts falling due | after one year | |||||
| Analysis of Creditors | Total funds 2025 | Total funds 2024 | ||||
| £ | £ | |||||
| Mortgage Loan | 341,553.91 | 438,750.00 | ||||
| Total | 341,553.91 | 438,750.00 | ||||
| 11. Charity funds | ||||||
| 11.1 Details of material funds held and movements during the CURRENT reporting period | ||||||
| Fund names | Fund balances brought forward |
Income | Expenditure | Fund balances carried forward |
||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| 914,009.00 | 372,318.75 | 415,034.08 | 871,293.67 | |||
| Restricted funds | ||||||
| 14,114.00 | 55,296.33 | 17,430.00 | 51,980.33 | |||
| Total | 928,123.00 | 427,615.08 | 432,464.08 | 923,274.00 | ||
| 11.2 Details of material funds held and movements during the PREVIOUS reporting | ||||||
| period | ||||||
| Fund names | Fund balances brought forward |
Income | Expenditure | Fund balances carried forward |
||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| 892,155.00 | 356,281.00 | 334,427.00 | 914,009.00 | |||
| Restricted funds | ||||||
| (10,502.00) | 78,414.00 | 53,798.00 | 14,114.00 | |||
| Total | 881,653.00 | 434,695.00 | 388,225.00 | 928,123.00 |
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