Kingdom Bride International Charity
Trustees' Annual Report for the Year Ended 30 June 2024
1. Introduction
Kingdom Bride International Charity (KBI) is a charitable organization dedicated to preventing and alleviate poverty, provide for the less privilege, shelter for the homeless, empowering women and people with training, training to set-up businesses and support in education. This report covers our activities, achievements, and financial performance for the year ending 30 June 2024.
2. Structure, Governance, and Management
2.1 Legal Status
Kingdom Bride International Charity is registered with Charity Commission for England and Wales with Charity number: 1200367.
2.2 Trustees
The Board of Trustees is responsible for the overall governance and strategic direction of the charity. During the year, the following individuals served as trustees:
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Bishop Dr Rose Jessa
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Mark Okon-udom
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Margaret Sesay
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Bassey Okon-udom
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Jasmin Smyth
2.3 Governance
The trustees meet quarterly to review the charity's performance, set strategic priorities, and ensure that the charity adheres to its legal and ethical obligations.
2.4 Management
Day-to-day operations of the charity are managed by the charity management team under the supervision of the trustees.
3. Objectives and Activities
3.1 Objectives
The primary objectives of KBI are to provide support, education, resources to underprivileged communities.
3.2 Activities
During the year, KBI undertook the following key activities to achieve its objectives:
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Providing deprived families with food packages and household essentials.
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Providing low-income families with education and adult training.
4. Achievements and Performance
4.1 Key Achievements
KBI made significant progress toward its mission over the past year, including:
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Families impacted by poverty have been provided with essentials required to maintain good health, including food, hygiene and sanitary products.
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Opportunities for earning an income have been improved through education and adult training.
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We have managed to obtain significant funding from the National Lottery towards the end of the financial year to support making progress towards our mission.
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We have collaborated with other charitable organisations and local authorities to support in progress towards our mission.
4.2 Challenges
The charity faced the following challenges during the year:
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We struggled with identifying those in genuine need which has been overcome by working closely with established organisations such as the local foodbank and other charities to build a community and understand peoples needs.
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We also initially lacked in dedicating appropriate time to our projects due to personal circumstances which has been overcome by onboarding dedicated Trustee and volunteer.
5. Financial Review
5.1 Financial Performance
The financial performance of KBI during the year was as follows:
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Start Balance: £47.31
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Total income: £10,000.00
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Total expenditure: £972.80
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Surplus: £9,027.20
5.2 Reserves Policy
The trustees have established a reserves policy to ensure the financial stability of the charity.
5.3 Funding Sources
The charity's income was derived from the following sources:
- National Lottery Funding
6. Plans for the Future
The trustees have identified the following priorities for the coming year:
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Implement several planned projects with the funding received.
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Now that we have an established community, utilise this to significantly continue to raise additional funds through appropriate events.
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Strive to make significant progress towards our mission.
These initiatives are designed to further our mission and expand the impact of our work.
7. Public Benefit Statement
The trustees confirm that they have complied with their duty to have regard to the guidance on public benefit published by the Charity Commission when exercising any powers or duties to which the guidance is relevant.
8. Statement of Trustees' Responsibilities
The trustees are responsible for ensuring that the charity maintains proper accounting records and for preparing financial statements that give a true and fair view of the charity's financial activities.
9. Approval of the Report
This report was approved by the Board of Trustees on 24/04/2025 and signed on their behalf by:
Mark Okon-udom Trustee