KING'S CHURCH INTERNATIONAL charity number 1039958 TRUSTEES. REPORT ' AND ACCOUNTS year ended 31 October 2023
TRUSTEES. REPORT & AcCourS year ended 310(Xober 2023 KINGE CHURCH INTERNATIONAL Contents page TRUSTEES, REPORT 1-8 AUDITORS. REPORT 9-11 ACCOUNTS Statement of Finanaal Activities 12 Balano Sheet 13 Statement of Cash Flows 14 Notes to the Accounts 1&27
TRUSTEES, REPORT year ended 31 Oclober 2023 KIK'S CHURCH IKfERNATIONAL 1 About King's Church Intemational I s Churth 1nteMats(aI a n-denona1K4 baspAI in the VaY N) the UK The chanty is verned by a hjsl degj. regK8twgJ Trmlh Ihe Chanty CornrTh5sth1th8nty nUrn 10399SSI th irKJ)twrat under a rbr of lnojrpJrati (lsyj by Ihe Chaity clmISs wrsu&)I to 251 ofthe CharibBS Act 20111. 2 Objecllves and actl¥ities Objects The ceds ol the we in ts [knrnent te yjMmIj as.. . The advment ofthe chrisb lth. Ihose in nJ. hdshwJ d1ress. . The Of&jt ¢J) the b85 crfCthfi PVWlLiFles. Aims Ir ams (vJlwBJ teh)w are bas&J J$. Love Ihe L(d wlh dl heart and ith JI your s1 and all rrMTrd. ThKs vs Ihe first and greatesto)mm&vthM)L AThJ the Send is like it.. Love your neightrAwr &s yThJrsdf.' Imallhew 22..37.391. . Lo%t Pec: e>FerwKe, emtY ,5 bve to ofai 4es, races and Lo%t Farnilies.. recjJN). reSt(e rwse up 5g fanfT&8 Ihrcyjgh the love of Christ. Love Churth". tsjikj a ¥ibra)( growing, nwlwe, mu4} churth rMmunity that the love of Christ Love the Wthj.. tx)gb trSfcab ofsmety ihrough (whYAking oflhe love ol Chrsl iidudirKJ the ofhw quaity ii¥wakna ch1 &JcatK. Objectives obes lor 3)24 ae kn.. for 2024 . Launth inibth b enoJuraF sh&e therfath aThJ inwte to SeS. . Hc4d 6 baptism dwing ts yew b fflae a Pud&ar8iTh ofth&rfalh. PrOJe new OFPYtunitss gow ¥MritiJ71 mattjrity fflIn. Launch a thikjren's in Jr KCI Loth cwgrgjati. . Throuth ¢xelul &)sl growng r streams ca5hlknv and ensure our reser are manlain&J. . Rase ¥ohJntsryluThthrvJ The Fkyjse &Lx4, WwKIw. Strategies ()Jrstrab3s are desyièj to YJFpJltrÈ c£rfe ams of Ihe charity. l. GfCM qUrtY smdl grtyjps ofdi&iF4es thfclttwJeyJ& l Deydcp rekne $trcg r5. 3. Klokn'kn emwtr Ihe next g&raiKm. 4. ProvKle excnl tranj and de%eb¥ffil 5. H(d InSrj thurth 6. Hanl p8rts)er otherthurthes and CIglsl)nS lo spre1 ofchrtstianty. 7. Bring tv4e thrw thattharft the caJ of bhe churth. 8. Ernwer re ¢Jeab'wty in the Media and musi 9. Sem Fwle aTrJ rnt J8 theTe ¥ firHI th. 10. Be a kMx8f0 inffluen ui Ch1 and value5. 11. pj tyy olnK$. rnga •J to we•J the in 8 way Ihat is dynant, rdevl a)d aleble. 12. Fwjs the de•1 of th8 IglSation. P&Je f
TRUSTEES, REPORT KING'S CHURCH INTERNATIONAL We &m to te an &Jenl of rec£fialiaih)n. taing a sl&Ke 4ainsl raL?sm &)d welc£xni)g ppIe of41 nationalities.. ith over g) natiaIrfie$ wular attend. Women are given a pr(Mninenl wSite rde as portofthe oflJKg thwth. i)Jr Strateg lo The ng'S H(xJse S<cd, ¥e b).. 1. ProvJ8 ts)se vahjes ¥e bawj effj a &Nic41 2 PrKJr5L6e p. firsuy the of the al Ihe scrJJ, &8 as their fa¥lIeS, our staff and SUFPth. 3. ProM¢k an exCdknledl by fvlly UKAldIng cpthl fv EthjlalA Indepenthl 0(AS Inspth SIdarts. by utilising the'ACE as tll as the nati[81 wmslum, and by mainlainirYJ (ntmu$ impro%em&)tthrW mrtIng innovalKin in The trustees Ihalwtwb reNThing , ts ObJts.s and tities. o)nsvJeration has to Ihe Charity CINnmBsI's gukjm tnefft induding the suppnlary gu¥1 the ol rthjK. The titieS sel rAJI bebw dernstrate Ihe many tneffits by thethty and m&lÈ aYa14e to Ihe putk. Activitses The runs hxa thurch a5 AYJI as to the ki( (urch'. Local church Weekend sewes ¢)Jr in-p ndaY ryceS friln a bkgrjThts aThJ ¥ grwps th the klY cfilne servw eypaThl our tmp¥t enJling Trho are house-tM)uThJ g6wrathlY dtstsnl to also be pal of ojr o)ngr4ation. The and te•ing prOk 7Afjih a strryjg message Ofh0 in dl bjationS. Sm?11 aroups In Ihe local comfflunty IIEr • small groups we al thettrfe 0fr ¢xe, ment ofindivJuas and famies. There are diverse groups thal rrwt the VaY ts al aJes and stages of lrfe lid1rj children and 1h. rren and sir05 knilEs. Ihose in the later years of lrfe. P8slor8lc8re The thurth Fyoyides pastora cwe ilw $jffng Ircffi 9, ThrS$. menta heath thaknses or sKkne¥s, h"ng yourvJ old aike espwially any are wlnerable. SuFVrt is w0ded thr(xJgh Ihe m8iLY ml£slcffies of lrfe induding bith, arhj tereavernit to hdp ttc have strong MageS iks erwjre those Tho don't ha%t a faTh'ty feel a sense ofcare frorn IheKthur¢h famity. Events & courses lo support the ChUb and thmmunty Events crJJrses e run to suppxt thurth tr$ and cryMiunibe8 indu(fing Weh))me Events, fe Class la) intrcMJJcbefi to Imng the Chnskn Irfel, B4)tNnal Ser¥ice5, Destiny Training la leadership training V5el, fer fcrf ffn. w¢ Y ald Ca frjr thiklren orhj Ung adums. Media and coMmunallonS lo Trach a global audience Mcxjern media I))mmunaS Je US to Sh the churth's meswe a %Mder adnce in the Ic ea, and around Ihe gthe,. usN)g n¥Jlb"F4e mgjia thanne15 lindudirig Meb5ites, emal, pc¥Ycasts, a 4)p, YJTube. Insn F%et¢•3kl k me the nss&Je ofJe5U5 SsIble to all. Cornmunty ministries We aso serve our kxal ¢ThIWnroeS by runnN)g a Chiistian eommunty of affordab12 C[rn0dation in our ThJ's House SUFpybng those in the f(Kmati st¥s ol Itfe. Other pr&b"cal support for individuals and families fftdude5 frK•J rot&8. ¥iwtakn aryi kwa>prsuFpNL Educab"on in theUK The King s House Windsor The chairty operates a pnm¥y fcrf the 1mnds0rcrmunty'. Indendent co4ducational day th a capaity ts up to 75 wtils. The wo¥Kles ¥)tegrated Christian education to chiklren betten 3 13 yews that inoxpyates &aJernic Tring, thar de¥ek)pnI, 8ibli¢d teaching and Ihe ti ÈXF of affffming Chn5b ctrnunrty. Page 2
TrUSTEES' REPORT year erthd 31 Oclobw 2023 KING'S CHURCH IKfERNATIONAL Partnerships G12 UK nelvrtof thurches & confer The thurth's &nior Pastor5 e the UK crat$ forthvrdbes Idlcthng the G12 model by MIS CarBmaka Intern10nd in CobJrntha. They SUFWt to otherp&th lfjngs Churth Intnab"on2J hosts * annual G12 Ly)nf for d)ur(es. otherPartnershffps lfjng's Church InIatial cSxe rdaknship ith Sjjth Africa, Burkina Fa and elsvAthwe. T Fwc£nl la Yithe'l ofwr unreslri(led d(ationS income is sel ade in a Dwn81& MISOn$ Fund to supwt otsthurthe5. re[fand th, and chri5b.an propds In aucats"on. Grant. making Gts ¥e m•JÈ other ¢xganisa1S'. to thurds. rel and devek)pmenl vth and christs. wr4ects in oJucati)n housing. (knts frorn the Care Fund are rnade to indi%Adua15 in finanaal ne&Y- emulab.ng Ihe eaty curth in Ihe way it ¢xèJ for rfs PCJW m&nbers. Requests fcf grts are $51 n5tthe fc4M"rrtJ Lrtena.. . Ctes il fil the oftr tha1. Is the st in a finanraal to 1xmil Ihe fvnd5? c Ihe CrJ"ty ofthe rAgani58tLM) w indmdual t es12t41s? the SF8JfK Fdrrp)se ol y91 rw4uest te NwifJ? . Ihe effthess ofthe grant rrrfjnil(K. n anaysis ol the grants rn LS rC in Ihe notes to the &£x)unts. Volunteers Ml the chariWs athwljes we l¥ilitabJ in sLNne res by dated llInt$, severJ hundr ofwhom gNe thwr to st in son way- trexe fvffinirNJ a r(de al the &nday nv)ming ser¥ics, running a srnall grrmjp, assi8trg in Ihe Cl krj wih thikjw th. A vc4untwy intemship is offergj to those lo sub51antia %dUn1eerhrs in service oflhè urth (x)mmunty'. ly, Ihree ty rer ek. The prtraranM lasts for 8 yearand partiiipants are ovthj ilh tsniNJ seminws aThJ LN).ttW o)&Th)g d)er wth the (wjlunity to serve for 8 short ncj th one 0fr0verSeaS pathrs. Inlems provth a sgntfKnl (ntribUbon lo the cty's &tiwbes. They therwfves devekp vauabk thlls aThJ ¢Jndwsiand¥o 0fth M atllis aThJ kK)lents'al while wuking aongshje ith e¥ie * hph sdardS in a Trw)tivated, in¥4rabcffial and affwming enIrMent. Fundraising The is oJnmittgJ b to ts hhJwlettKa slJtsrds li Ihe way fvndrai5e. Fundrak4ing L)JnducbJ by Our0 staff lextema fiJndraw5 we not us&J) and ks Fyirnarily the by havirg an'offerirrfJ' during &Jnday servKes &xnpand by guth1 t nneY giving. tknerfs ¥e presenlgj Y1h several ¢)p1'c$ for hthv io dlate a)d infomd there is no ¢x#nw&Kin to gNe, to Sure Tr1nerab people do nol swse a pressure to ¢knaie. Any &)mF4ants warding fiJNJrasing are (nsIderj by the Goveman cwrrdttee ofthe Trustee Board none *ve rec8¥&J in the year12022 nill. whe d(ati5 are given for a 5Fe)k wrpose these we rela'n in a resithy fvnd lthese fvjnds are lisbj in note 141 and used only fr Ihe PU ofthat fijnd. We are Crnrtted to protKtirKJ our pers data thrwgh ajhermg to the requIrts of General Data Proh"on Rg3ulathJn5 IGDPRI. P•3e 3
TrUSTEES' REPORT yr ended 31 October 2023 KIN's CHURCH IKfERNATIONAL 3 Achievements and performanc• Objectives for 2023 Eno)ur&p r¢hUrth Mem$ to share ther &Jnday forthe tsvo oJngregath)ns inueas8J frcffl an avewe fath and lead other5 in Ihwr &s 1xnttl Of in &Irnn JJ22 to 344 li &bJmn 2023.. a grcYth of12%. chrtians., and see our thurch ngralK$ o)ntinue to grow in toth and Lith. Achieved Consdhlate the gmyth ofthe chilkn and The thldren's grwps KCI Kkls on Sundays, o)ntinued to mini%try. gr£ nurnbwofthiklren at gJnday servvx in(¥easig from re 0173 in auttJTh 2022 to 84 in aubjmn 2023. The )YMth ministywas e¥wded the Iwnth of a summer youth )p was aitend&J by 54 ywth. strength the pasthl supwrt Pastcd was gven 1hrO the thrteaM ofsenKf18aJgrs church, and o)ntinue to devdop rrK)re of the er5 ofthe ekly Life rJpS. New Lrfe Group leaders gr(AJPS to care ts l¥j?Js wtswje trj Ihrwh (wjr Destiny TiaAiing pwramm8 number Of18 Grtyjp r$ mng Irom 54 at the end 01202210 63 at the end of 2023. Strengthen the prw life olihe churth thnjugh per30na devotiona ts"[rs, 5m7Jl grP pra rrEets'r cnkne pry meeb"ThJ5. aYartr rAxe throughwlthe year in the Eekty Life Grtyjps d as a le thurdb atr Thur pry rneeb'ros. In a'40 days of wayerf was hekj in Juty and AJJguslMth daly churdb-whje pray rneeb'ngs greaty str&)gthened the wayer and ribja ol thurth M$. Raise additi(al wjlunw fvndiig trThe IWS The Kry's H(xJse &Jx4, Wndgjr limrta suctess wilh its fundraising House Sthcd, WindKff and rebJ1Y ib (k)nakns of£60,¢JX).. the same levd as the previous year. costs to rJU its fin(1 de.l CLN)W4wilJy, ath(Nj ewditure was bghyy wtrolled, the extra o)sl of new sthcd years Iar$ 7 and 81 fr(¥n Wtember 3)22, rneanl the scthl's fin¥Kia defK¥t inueased. The otty'ecbve ofgrowir¥J the Schod's fvndTrj base has Ihwelcrfe te8n tinued into 2024. tinue ¢0 pOte the rnulti.raia Trature of The Intemalhjna gjnday hehj Tri Jutywas a vitmt1ebr8tjfi ofthe many lQng's Churc Intemakna, has ovw natialItieS in Ihe thurth. P from a diversity ol bagrounds ar8 raoal groups represented, gJPPXt sithr in the thurc adershIp. the Lurch's pasth conthue to church in Robert9, Swth Africa in th&r 9ve pastcrfal SUFPYt to rnullfrraoal chufches overseas too. devdoFKnenl a5 a rnulb-rth Chrisb cunmunity. Mark the churth's 80th anni a y4al A wiaj cdetrtKin vras W in June to the church's event to honiwr past and fCS C¥b niverSary.. hmjring fJnilies who have been wl ol the thur¢h thtcrtjgh the developrrenl ofeth genation reesenj mY gatrS inspfflg thurc mtrmters to conbnue Ihis leg in the thur¢h as * b)k to the fiJtrj. •)d thb) Ihe fiJknre. 4 Plans for future periods The m¥An 0ty.ectiS for 2024 are set1 1. The thaity r4ans kn t£11Je its oJrMI strgies to reath int11ft9 numters ol peop with the k)¥e ol Chrtst and io see The Kwry's Fk)use Sthcd, Windsor expand steadily in the prOWs)n of excdlenl Christian 8thtln. kne oflhe thaws Miswn ¥ti¥ibes in Africa 11 te a55um&J by a new thanty Partners ToJ8ther lor Alrica, wa5 lncrrfpuaI in Scmjlh Alnca in t)nb 2023 and is exK*thJ io comwce titieS in Juty 2024. "ng'S Churd) IntnStila haNt a (ntrm9 inlerest in Pths TWtsAfrKa will thereth te solidated as a sjbsthy. Page 4
TRUSTEES, REPORT year ended 31 Ociober 2023 KINGE CHURCH lfERNATIONAL 5 Financial review Financial Objectives Fdkxfjng a hbJher plnay dep of reseryes in 3rii wrfinarIaI goal lor 2023 was to rnan&p ctsts Twse uate fvnds lo a tyeven resuW ststle reseTrEs. Income Totst incrAne fty the £1,452.C(Q12022'. £1,295,C((11 tmth inc¥ease 04w year in JI our rnan )natKS tolalled £1,138,iJX) i)J22' £1.044,(Kl ¢([S•j (note 21.. Unrestricled thMi)ns )es, the o)re ir#)Th ofthe (ty. of£978,(1[2O22. £896,() than reven9 bhe p)sl.pandemK the year, reflecting an increase in the number ofreguLar ¢kws. [atic$ aThJ Ws to reslitt funds 01£160,COJ120Z2.. £149,CQO} induding ££0, for our Sth(d Fund12022.. £60,C(ill a)d £37,CO) fcf Ihe G12UK Fund12022.. £13,(MXII Ojr Ob'Ve had teen k) ease ¢knalyMs twl ath(NJgh trw ra1j slatr lat the Sevell the l%k ofgrowth was o)mwsabJ by the incfease in unrestrictsj thj)atiCs. Inc£fne frcffj chlable bleS of£311,1)X)12022.. £249.IJX)l ifidu¢ sthtx4 fee iiLx¥r ofE208.OC 12022.. £185,COJI ref(JJng a sleajy inmse in the numtw ofg(d pULS, and aso induded £68,( 12022.. £47.IXAJI frryn thurth. a5 11 as parthetshp1conf incrKne of£35,OtK)12022'. £18,(XXII KKJding a G12UK that fvjlly'in for the first te Sin the pandemic. Expenditure Tclal eywSturetrts ywas £1.444.CCl)12L.. £1.399.[)". I churth exFendFiure was£759,C(K)12022.. £776.CO)l in thurdb Staff costs ie¥&J 0)mp1 to year. The costs ofThe ng'S Hwse sthl, were £395,C(#)12022.. £348,fKAII'. the increase ret¥j a gT¢th in the numter of PUF¥Ls to 46 la¥erage for the yearl12022.. 421 &8 11 a5 the Jdtha o)sts of)w 7 and 8 LJnth&J in W&ntr 2022. Paknership CCfifere[ costs llere £29J.(XQ I)22.. £275.¢JJ)l inthdng grants of£1C6,r 12022. £86,(thl e1j in note 6. Cf the ctssts £I7,co)I3)22.. £778,C(#)l stall ojsts Inote 51 Ith Ihe numtw of siaff Ifulktime UN1) rMKJ by ce repath.ng mth n the 5cknd f tthing Ihe fbw ar 7 8 dass. Financial Result, Funds and Reserves 11 Ihe dwty m&Je a of£9,1XKI I22.. ¢hitOf£1(4,(Q1 li with to &hieve a sutt of at knl eak. Total lunds at 31 Crtotrr 20rJ toE3,Y3,Cth12021. £3,535.CWI the man ¢mEInents 0fh e IrK)te 141.. Property fvnds of£994.tKKJ12022'. E955,1JKJI vthith incTeas&J by £39,CO)12022. £22,CH)01 as we cthb.nue lo gr resour to en7kn1e thurth xtivities to have thetr own d8daj prty1¢'e$. The W Kjub Fund rwns at £51,fKNJ'. rtsngj to flita[e fubJre thijr'S ministy. The G1XJK Fund remwns in d8ftal al £10,(K(I I22. £27,IXQI. We eiwt thts furNJ to rthve donathS irb ihe 01ng or elininate bhe ¢ftaL A Genwal Fund of£2.486.(XXI I.. Q527.CIXI}. The CA81 FuThJ Consists of Assets. Loans and Reser. we a SUrS for the JEar. Resems. aso the effect of expenrfrture 8nd k)an repayTnents, ty £33.rMAI ia)22'. lne of£1,[¥)). fv, in order to m&ntsin quate funds for the thariil$ 8ckn. that Reser¥e5 shouky mnl lo ttheen 1 &)d 4 months. eyw)diture InetofdewwJatsonl. At 31 C¢tcer 2023 ReseTrEs (the Generd Fund eXdud9 taroible ftx&J assets the I$ secured cffl those assets) aMJntwJ to £201,0(K>12022.. £235.IJX)l. Based on the bjdgel fc( Ihe yew theal, this b) 1.8 ffths' exFwditure12022'. 2.4 months) 1$ Ihwef ithin and Ju to gNe the • a wJre finCla )tion [the fvture. Page 5
TrUSTEES' REPORT KING'S CHURCH IKfERNATIONAL Investments The P¥oFerty Fund Intell in intere5twwNJ t¢nk dw%ts. The rern these inveslments is eEd [)IalY to $re a r is n9 The d)anty ltinUeS to invesbgate Fossib propeth ts the ew31 ofts •X'¥il# a)d the ful we therefore kept in a rel'vely liquhJ forrn so ihey can be a(t£swl rf rg4uiT&I. 6 Structure, govemance, managemenl and advisors lfjng's Churth Internati( a tharitth trust by a trust dJ dated 27 19a4 i8 run by a Bwd of TNstee5. The twstees dekgate the day-ttsy running oflhe tru51bJ rnanwwt Trustees Mike da Jthnst(m IrebrJ the eypryof hef ofoftt Sepkntw 20TJI Maria mernt¢ Graham Mcthtt (retired C ts eykxry ofhi5 knm Of0ffi 12th 23) Ethvard Slèje Ed Turking Dushy lknftawdhe lapwin18d 5th 2024} Appointment Truskes rw te by a fcrfmd M8KUM ofth8 SFdrittd kader5 ofthe thurth. Trustees se of Trustees fci a (j ol years may offer retment Twstees rnusl be memters ofthg urth and axepl the 5elryJtin the rth of the Trust DJ. Trustee Training I new knjstees attd Iraniro I))3 the r&8tKJnsitrMlilies of tsustees as ell as the otpcts, veming (kNwmenl and slrudure oflhe Lty. They &e also Uirj to re&J the Charity Commiwin gUar'The Essenba Trusl' a)d erNxMJrW to reaj theirother publicat8. Declslon- making Th? $tra dgi515 ofthe thlty we by the Pd ofTrustees aft¢xd9ral ofthe d vdues sel wl by the pastors and spKibJa ofthe Lurth Isee'sp'rrtua Leers, bek)wl. The ofTrustees 4)kxints ¢)yMittees, ctwgng toth $tee$ p vlith rekvaThl expertise, io o)nsKler su. me to the Board. Remuneration The Rernunerats benc1 remu11 pthjes al staff thses the trustees on rUneral1)n dlSS. The merter5 of the Remunernlp)n Commiitee we neither emtloyees nor rdabj to etr1)b. The key manyl Fer50rbTrd ofthe (x)mpwe it5 Poard ofTrustees senior m8n4ers. Trustees gi Ihwr tw1 and m rwense is maje thr ro as trustees. DelaL8 oftrustee èxpenses othertrS&bjts TAith Intstees e li note 15 to the &x¥AJnts. Rernun¥alkM for fflanaw 15 rej nUty bythe Rernunerab"on CA)mmrtiee. Its f&ommefid8ts"LN)s are gjtffirtbj to Trustee Bwd who appro the fernunerati pthw. When selting rUnera1th w)KY manw c(ffjskJera i% given to th&r eXer1er, experb'se, skills, crynpetenw, InffUen, and mJwenl resFK)nwb'lity. ReMUnerat)n derisKJns take due note 0fpar#) n8{KYj to te fair. reasonab and affordable,. and to rec4yJni8e the Value ofe& Ind¥5 tnJIth to Ihe t&itls Risk The MtrIr a rtsk risks IlIhcoI •,' and OFerates a risk Management rethoThJ t>tr[lng rth. The tXifKiFle risks unr*rlainties ilkns Je.. A reliance on volunlarydonalK)nS VrAuntJy xownts knohEr75% ofthe ii(m and be afferted by a thange in Ihe number of. orffinaThia tarojmstsnos of. ¢k¥)ors. This risk rnibgated by the w Stsb and committed nabJ ofthe church's WFPXter base.. rrKtsl th(y5 give Csi%ten1JY on a monthty ba5i8 and ¥e comiitted io the wnaFle ol bihing.. gmng al tht 10% of thr Inc£ to the thurth. Measures to P4e6
TRUSTEES, REPORT KING'S CHURCH IKfERNATIONAL [9Je WKJJè the of• m(thIY repyts m3ement can tae prcfflpl tion rf glThJ trdS kn, and finama upjaies 'rj at severa thurth meebNJ$ through Ihe year pYovidirrtJ a ManisM ford(¥S to resFM)Thl to Y finanoal thallenges ar¥J 9iwng them a sense ofparthership in the thantls financia heath. The cty aso oyat&8 a 3g budpb'ThJ system to Jre costs are kept in line %wth Ir1 thgJeIkY e>¥thdthJre k8 vIeW&j rgJularfy so spending is only auln(¥A kni is suff#)L The safety of Ghildren Through The n9'S House SdKd, Vthdgy and ts thurch &fj¥Tbes fLY thihjren Yth, charity Jwdes many swwtt5 to thiklren. KeepwNJ safe frcrf)) hami i% a M) pronty and Ihe tharity has thereffKe irnFlewkJ a SafegJ&ding Prlicy for Chiklren avj Young P. This inthjdes wul mandatw safeguardir¥J tranwo Th"sS)yJre and BarriThJ theths tr JI staff invth in ildren's acts¥ities al Ihose Ith a sen¥y FK6ikn in the tharity. The Board ofTmgtees rttor safeguarthro measures to engjre the Safeguardir¥J t¢ing hjuy iMprnented. Imw>rtance of Ihe sen)rleT1p team The churth s 9¥th. strcfig nwenium, dIor$, byarty e in Ie part due to the inspirakna wgonary Wership ofthe thurth's Senvjr Pastors. The risk of gjch leaY8rshws has thefefore teen mtyaied by ¢knEky'ng a teJn of¥iribJal r5 aThJ by a that, when a sizeth L¥oup of 15 tr&WltMJ, they (b nol al tra t•. Spiritual Leaders The sFirittJa erS oftsthurch oJmprEe Ihe S1)[ Pastors, Wes atwj Adria chards, tojether vith a team ol rrEn oNersee Ihe paslora we ol thurch nwtws JKI Ihe raIrn ofchr. tthing and yitual dwecbC to the thurth. The trusiees rwi58 that Ihe ¥Aritid ae the SFinlua aulhty cl the churc. The krs ¥eccgnise that the trusts e the 0jstcxjiS &1mtnistratS ol the 51 fvjnds. Thg trustees have Ihe reSPS¥.hty to thiiitster the trusl funds and undertake in fvll rec0jnilb of the spiribjal gu wovhtsj by ihe bakn.11 15 the ol lQ"ThJ's Church Inlemab'onal to ensure that ihe bustees aThJ W8rs fvlty in Ihe rnosl effeth.ve way in cderto fu1 the stated ofthe trjsl tth'rBJ ink) th&"r re5pth re5.1.e5. Hawing assesJ the athal imF4KathJTr5 invohBJ in luff11 the wrilua declth given by fv Churth's spiritual leajers, and Y)rknng Wacti. Senior Managers The key to 7AKyn the truskes d3abJ day.ttrday runnirwJ ofthe thanty during AW Flcwds and A Rithwds, SenK)r P&skKs L HardiNJ, Heal ofThe KMig's Fkjuse Sthcd. PD WetrA), Heal of Principal Advisors A(klrto saff LLP. St John's CwrL Easkn SN HJh Wjrurte HP111JX incipal Legalthiso Wilsons &Irt0[3 LLP, 4 Lirthn's IM Fth, Lcth WCZA 3A4 Pnncipal Bankers Bk, Ci)e Sjjthanwkni R, VIC1B SHA Page 7
TRUSTEES, REPORT year erKled 310(lobw 2(r23 KING'S CHURCH lfERNATIONAL 7 Truste, responsibilities in relation to the financial statements The ttjstees are resp(Msibk for wepamg the Truste, RetKYt Ihe finJKaal stat&wts ff) an wilh l¢able law Unil& Kingdthn l£c¥)unting Standards lun11 Kirv>Jn knpbJ ActxJJnb'rrfJ Prti). The law applicle to charM% in Englaryj & Waes r4uires the tsuslees to fina)cid ststm)ts for eath financ4a year give a tsue and fair ofthe stsle of affais ol the chanty and ofthe inoming reSrS aThJ apF4Kabon of resourc8s ofthe tharity fcf Ihal pth. In weparing these staternts. Ihe trustees r8Juir&J to.. . select SUrfab jll.ng &vJ then 4Wy I)sienr. obserye the meth(Kl5 and princapks in ts Charthes SORP IFRS102),' make1Udgents estimatss that Je re&watle and kMudenL state whether apF4Kable l))Unting sid9 have W fi)l)wY, sUtYt to any materia (kparhjres dIk)sed and ewaingl in the finar¥ial ststements" ' Pre the Ststts the (£eM basis unk5 It is inaFpwiate to PY8SUm8 that the wll o)ntinue in business. The trustees are for keerrfJ prw &xXnlvj rd5 that d(kne fjlh reaab al any tirrE the financial posfoon ofthe chty enatAe them io ensure that the finarKial str(nents [x)rnY with the ChtE5 Ad 2011, Ihe Charity (Armjnts & Reports) Regjlakns 2CX)8 and the [Kob1)n$ ofthe Injsl degj. They e aig) reSpJn? for safeguarding the assets ofthe hen for tal'ng step5 the wets.0n JKI offrwd and ottr irregul8. Thi$ Tewt was apyoved byThe Trustees ofws Churth Inkniathjnal 17 Juty 2024 th1 bd)aW by MH Nirey, Trl ng's Churth Internati1, ng'S House. 77A Frww Roaj. V•lndsLY, Bthire SL4 3AQ Py8
INDEPENDEprr AUDrroRS' REPORT TO THE TRUSTEES KINGE CHURCH ITERNATIONAL Oplnlon We have finarwl Stateit$ of King's Churth 1nlwnalK1 ts Ihe erthj 31 Cktth X123 whKh fxlnwse of the ststement of Fin(jaI Actiwty, Bala EkneeL Statewl of CashfKIws JKI rK)tes to Ihe fin(> ststernents, induding signthcanl aL%ounb'ng Foliues. The fin(3 rewb'ng frJneth that trrni aF in their wep8rabJi is icate law and United Kingdom A(uunting Standards. IndJIng Finarol Rewyb'ng Stand¥d 102, the FinKia Rewb"ng Stsndard ¥Wica14e in the UK and Republc of hdand (United Kmgdom GeTty kn£ptèJ Prèel. In ujr opinM Ihe fiTranca statements: give a true fair iriew of the stsle ofthe affairs as ai 31 2023 and ofits iwing reswrces and appl.¢7 of res(xJros for the Y then ended,. . have te&) txorerty wep3r&J li 9x¥dan 1lh Unibj nkn) Ac£oJntirKJ Prxti%', . have been Fryar&J Oftt Charibes kt 2011. Bas1$ for opinion We conducted oui audf(n Inthatia Sknjads C IUK) IISIS IUK)l a)d ¥ablg law. Ojr reswnsibilitss under Ih05e stsnd¥ds are fufthwdescthW in the jJd1tC¢S reSEtI"ll fwthe ajdtt ol the finantia ststements sechon ofour report. We ¥e indeFendenl ol Ihe thty In Ordan Ihe ethta Ul[eMents that are rdevanl to our audrt ol the financial statements in the UK, including Ihe FRC'S Elhicgl Skndard, ha% fijffilbl tsjr other eth wsibilities in rdance wlh these re4uirrnts. We believe that the v cthiwj i% thient aFYcwate to a basis forour opinh)n. Conclusions relating to gdng concarn In auditing the finanual stalements. we haNt thatthe Imstees, ofthe wng cJjnc bSOf)?nIl)9 in the preparation ofthe financ1 statents L% 8pprw8te. Based on Ihe woth have perfomwj, we nOt¥ti1 any matertal uertaIn$ tsrj to events or C3)ndcl)sthat, in.dUaIty or to1byY, may east nrfanI d¢JJbl on the (arrtls ab'lrty Io tx)ntinue as a wng t)Mcm ts a rIOd of al a$1 twdve months Irom Wh the finanaal 5tstemts ¥e gJlh)rts8J ts tssue. Ojr reSw)&ts.lrt the re¥M9t41ths of the truslees ith reswx to we dexaiw in the levant seCtiC$ of this othgr Inforrnatlon Th8 olher lnf0rniab. MpriSeSthe inf(%rnati mrkdj in Ihe nUal reFrt olhwIh lhefincjaI statwts and r authtofs report thereon. The are r$ite for the other Inkrnati. [4xnK on the fin(JaI staternents lkns not cover the other infcKmatK)n d, except to the extent othvK%e e>yk)Uy Sta in our TeFrt th) not exwess y forrn ol a%suiO tr)nclusK)n Ihereon. OJr re¥)onsitMlity L8 to reJ the olher Infc¥mati d, in thj.ng >). ctjnsthr whether the olhw infomalKin is malerialy Inc¥)nSisl wth the fiar1 $tsteffnts crf our knoww ()tan&l in the (tyjrse of the 8Jdil othemse aFpars to be materialy misststed.lf we identify such material in(£¥)sistencies CK 4)paMI rnateria missts1ts, ¥e r&]uir&l to detemiiTre whether thi8 gi rise lo a rnaterial rnksststernenl in the financaal statements thems. Ir. based on the wcrfk have Fwtomwj, we ndUde that ther8 i% a misstate11 ofthi5 olher wilrThakn,' we rw]uirgJ lo rwt that We have nothing b) repNt in this ryd. Mattors on whlch wg are requlrgd to report ty excep We have nothing to rewt li resp&t oflhe IckniNJ [natt3 in rdalhx to the CheS [knnts and Repts) Wulali)ns 2 require us lo reFX)rt to rf, in wrOpnK.' the inf(rfrnation given in the Truste&8' Annul ReFYti5 ifhXThiskn1 in Y material resp1 with Ihe staternents., or ihe has not keptgJffienl mJntir¥J leds. c thg fin(# statemnts are not in 4reeftMI ith the )yAnbry rK(Kts Tetrjms,. or . we have not *ed all Kif(th e1[Aanati5 ]Ule lortyjr al Page 9
INDEPENDEfvff AUDITORS. REPORTTO THE TRUSTEES KING'S CHURCH lfERNATIONAL Re$ponslblle3 oltruste As explain& mce lully in the Trustees, Re4MgNths strteMl set¢t cn p¥ 8, the trustees we Te$Fkfor the preparation of Ihe finarrial statements for being satiSj that they give a far vw, aThJ fcf intemal &8 the tru51ees determine i5 nsary to enable the preparatn ol finarrid statemts that we free malerid MisststM[ ether due to fraud or e. In prewng the finanrial Ststernts, the tsustees are resFMgtle 8ssesgTh) Ihe 'lity lo o)ntinue as a going conTrm, dIk)TrJ, &8 ap1&e, mattw5 reLabJ to wng 0)nL ar¥J usi)g the gcirrfJ basi% of ¥nting nsS the $tee$ wther d trj IKiuidate the orto txse eferatsjis, no retsC alternati tmjtkn ¢h w. A101$. responglbllltlesfortr audtt of theflnanclal steme We have tw) apFL)inl8J as authtors under Ihe tses X111 th ret¥Jl in rgJulaticms m Ihal Art OUT Ot4'ectives are to obtsn rea atJJl thethw the ffft&)L?a stsIts as a Who are free from rnateri mthtunent %¥hether due to frd oraror, and to L89Je aditorS. reixwt that indudes wr opini. Reaae a&surarKe is a hh level Ofassuran, but i% not a gu&antee that an auth'l CldUCted in Iwth ISAS IUK) 11 ayS deW a misststemenl %then il exists. Misststeftts arise frcm frd sKIerj rnateria il, IndidUallY or in Ihe gregale. they coukj reasonat4y te exKcbJ Lo iftflu the ecI)rK ofjjsets taken on the l)asi5 ofthese financial statements. Irregulariti, induding fraud, are insta)ces of with and wlatKM. We desun wdUreS in lin8 our responsi]4$, (Xjttlnj ab)ve, io de material m1sslat&nts in resFeX of lrwulares, induding frajd. The sp8cffic pr¢x&Jure5 thi% engwJemenl and the exientlo these ¥e capaiAe of detecrKJ KreguLaribes, induding fraud d81a1j tek)w. Idtyng and assessing risks rdaied to iThgJularibes.' We assessed the gjscepbtrmlity of the staknts to materia mState[l ar#J lk)wfrad Tr1 rmjr, induding through discUOnS %wth the twslees. disojsss wthin wr autt tejn FIning rreeting, updating our recud ol interna contrc15 and ensuring Ihese ojntrols cferat8J as intend&J. We eyauatej wssble N)onts'ves and opnNieS lorfrJJduknl manipulation ol the finaniial Statements. We Kjenbfied laws a)d julaIS that &e of in the )lext ol the tharity by di$51)nS tnjstees and upjating (xjr uThJwsta)ding ofthe sethr in the charity OFerates. Law5 and regulab.ons ofdired sgnif in the Ltext ofthe the Chthes 2011. the Ch&eS {knnts aTh Reports) Regulab'¢Ms 2008 guWJar by the Charty Commissh)n ENJla)d and waes. Audit reskx)nse to risks Klentified.. We o)nsidered the eXtenlofF1I Ihese I rg3ulalKW as p¥t ofour audit woc8Jure5 C the related finanaal StatenI ttems incJding a revw offin&cia $tenl disdtsures. We mieJ the t,5 rd$ ofbad)eS of laws and regulalicfjs. minutes of n'n9$ and 0)rre¥thd 7Mth reVant auth¢ts$ to htsty Fx)lenb'a matenal m¢sslatements arising. We discussed the tharis F(Aws and wcKJres fix ith Im re915 memtws 0fmelren1 restx)nsibk for 0)mpliar4. DuriNJ the F4nIng ntir$ with the athyit team, the pknwlknv alknlhm lo the key areas mb3ht inwlve nc. ts)mpliar¢ with la? and regulaticns orfr•A. We quIe of ether they we are ofany InStanS of non- (a)mplian with la and regulaticns or knoww 0fY &tud, SUSKted crf fraud. We aydressed the risk offraud through man4emenl overThYe ofcontroL8 by testing the aF¢wcfaIenesS ofiwrna trIeS Mkntity'ng any svJnrfwl trtn$ that re unusual or outsde Ihe (x)ur5e oftAJsne&3. We assessed WhethIUdgts rn in ming amjnb'ng estimate5 gave rise to a possible indKation of rnaneI t. At the c(FIel"rffi St ofthe Ihe engr1 partnS reiew Includ ensuring thatthe team h&J apyothd th&'r ith appr(yiate profess.c g•Nisrn d thus the cwty to entsfy non-wnpliance laws and wUlak6 and frjd. There ¥e inherent hmitstic)s in the ajdil wdureS descW atthe the fijrthw remov&J ncrf)iy)mF41an wlh laws and regulations is the ents transxtw refith the fnanraal slatwts. the k5s lely we Wk1 te(xvne aware of it. kn. Ihe risk of not detecting a rnaknal mi&8talemenldue1g frwd 15 h*gher Ihe risk of notdewng one rng frcffl errc¥, a$ fraud rnay invdve delirate lwIMent by, for en[de, forg intent Newelation$, ¢x thrwh )11(¥7. A fvrknerdesLp1ic ofour reynsi.1ltieS i% aValab the FinarKaa Rewb'ng CwDol's website at. .frc.¢yg.ukJaUditorsres¢¥M&tsli$. Thi8 de$p.On lom)s pa101 repryL P¥10
INDEpENDEr AUDrroRS' REPORTTO THE TRUSTEES KING'S CHURCH INTERNATIONAL Use of our rgPQrt This retth Ys m W to the trustees. as a ty, Pwl 4 of Ihe Ch&iis lkna)unts and Reportsl Regulation5 2008. OJr alIt M)rk has be undlen $0 that rnbJhl stste to the thJste&% those mallers we are required lo stste lo them in an auditrfs report and for m oth& purw. To Ihe fullest exienl Fermrtted by law, do ntsl or asgJrne reskKsnsibility to any(me olherthan Ihe thaity the trustees as a ty, torw wdil rrfy( N forthe OFirfftYts ha¥p for1d. LLP Saffery LLP ChartergJ kn1)unts Sl Johns Court, Eastcfi Stree( High , &JthinghanK4Mre HP111JX Stsbjtory Njjditors Date.. 19.07.2024 Saffery LLP is dvJle to ias in terms ofs&kn 1212 lhe Cryrwies kt 2CXA. Pag811
sTATEmEr OF FINANCIAL ACTMTIES year ended 31 October 2023 KING'S CHURCH lfERNATIONAL Total nds£ 2022 fijnts £ fvnds £ Income and endowments from: 0(al5 and 977. 1fA),140 1.137,7C6 1.044.334 CharitsNe a(vitie$ L¢xal chufc 46.976 Education in th UK 207.627 )7,627 184.533 parts1p5 & C 17.921 olher trIng Fundra%ThJ ewts fty Fkjjse 67 508 Investments 3,%7 137 832 137 Total Incomo 1,289,393 163,106 1,452,499 1.295.104 Expendtture on: R&%ng d5 Riwng donatson5 d I Investrnent m•aJeml 747 271 272 Charitatrk 745,752 12,e66 fJJ,287 758,618 776.255 Edue2th)n in the UK 334,562 394,849 34T.86T Pathetships & QfenCe5 67.419 289,815 274 700 Total •xpondiiur8 1,303,330 140,572 1,443,902 1,399.241 Nel inc£ne l -8XFendibJre Transfers teeen fvnds 13,937 22,534 8,597 104.137 13,14 -29,183 - 41120 29,183 51,717 Not movement in fvnds 14 8,597 - 104,137 Reconclllatlon of fund$ Totsl fvnds brou1 foTh¥ard Totsl lunds arri•d fofward 2,529.4ck8 1486,288 1,fA)5,258 3,534,6e6 3,638.803 14 1,0¥975 3,543,263 3,534,666 P¥12
BALANCE SHEET at 31 Ocknber 2023 KING'S CHURCH INTERNATIONAL 2022 fvnts£ fvnds £ Tangible assets Investments 3.148.038 3,148,038 304,461 3.167.490 304,461 247.890 Totsl fixed assets 3.148.038 3(4,461 3,452,499 3.415.380 Stcds 5.746 5,746 60,220 T.138 11 54,104 6,116 46,394 Cash 247,822 317,120 337,804 Total Current assets 7.672 75,414 383,086 391.336 Creditry¥' due wilhin one ye 12 - 120.ei)7 - 123,507 90.328 Net current assets 187,C*)5 72.514 259,579 301.008 CrgJikns'. due after Ce year 12 1&8,815 - 168,815 787.722 InterfuThJ h)an 13 TOTAL NET ASSETS 1486288 1,056,975 3,543,263 3.534.666 The funds ofthe charity: Property Fund Cther wtrcted fvnds 14 994,093 62,882 954.657 14 50.607 Total restrlcted Income funds 14 1,056,975 1.005.258 GenerJ Fund 14 2,486,288 2,526.896 2,512 C4her unreststhJ fvnds 14 Total unrestrfcted funds 14 2,486,288 2.529.408 TOTAL CHARITr FUNDS 14 3,543,263 3,534.666 These &untS were wo%vJ by The Tnjstees ofKrfs Churth 17 Juty 2024 signed on the'r behaff by.. MH Airey, Trustee 13
STATEMENT OF CASH FLOWS year ended 31 Oclober 2023 KING'S CHURCH IKfERNATIONAL note 2022 Cash flow from operatlng actfvtties 62,WJ5 112,031 Cash flow from investing activities Investsnl interest rej 3,562 427 Purchase of918 fixed assets - 5,434 - 35.033 1,872 . 34.606 Cash flow from financing activitie5 LO reptynents - 24,736 20.805 - 24,736 - 20.805 Decrease I Increase In cash and cash equfvalents 35,887 167 442 Cash and Cash 8]uivnts brWI forward Cash and cash equlvalents carrfed forward 585,694 753, 736 621,581 585.694 Reconciliation of w•xwnditur• l incomo to cash11ry4vfrorn owating activib Nel Inc l -eyThJthJre 2023 £ 2022 £ 8,597 104.137 24,8&S 22,023 Intefesl ewse Inve51ml 12,434 6.491 - 3,%7 -832 D8ease l. inThse st(x 584 IrKrease in debtOf5 13.421 11.947 Irvease l. dgJease in 32,574 24.213 Cash flow from opwatiNJ 61495 111031 Analyskn of changes In detrA Invesfvts hekj as Cash )22£ 247, CashthI £ 56,571 2023 £ 304.461 Cash inc*Jd&l I1h1n oJrMI assels 337,8Chl . 20,684 317,120 Cash and cash oquhTalents 35,887 621,$81 Debt due within one 12 - 13,653 - 14,258 Ckbt due after cne 12 181,722 12,7 12,302 168,815 195.375 - 183,073 N•t d•bt 39J.319 48.189 Page 14
NOTES TO THE ACCOUps year erKled 31 October 2023 KING'S CHURCH INTERNATIONAL l Accountlng pollcles B•sls of preparatlon These rnnts have wep¥&l using the histor o)si OfJbrQ in with Ihe Charities l£ts 2011, Ih FRS 102 and with the Charths SC(¢P IFRS1021. the FinaThyJ Repybng Stsndard appliraiAe in the UK &)d the Re1¢ ol Ireld. 1fj['s Churth Intemats"a meets the defini of a fil entity under FRS 102. Thwe are no materi uncert•nties thjl Ihe ch$ atrflity to c£rf)tinue as a C£(. The finanaa Statements are pryed in sterting, Tlith i8 the ojrrency clthe Monetsry arn1$ in Ihese finanryal ststermts ¥e round&l to the ne¥est£. Inwning r•souiro8 Incom8 is for a5 as ts ( ks tits1 to i( the recapt is wcOat4e the arnICan be quantiw. DonkMs and18WS Most donatK)ns e therefore )Jted tVKKI Ily •E T¥AJ. Gift is aXtsJnj for in thg crfj as the d(ation to whith rt fdates. For enbuemenl i% iak8n &8 the earfK8r of. ts dale is or Ihe date the Ch is aware sxobate has en grted and Th)bficakn has tew ¥ec8¥ed frcrfn the exeoJN51 that a di81th1 vrill be made. Furthemvxe legacy income is regarded as wJbat4e any 1))ThdS to it hast teen rnel u ¥e trIn the Lyjntrd ofthe d)ty. Donated 8&8ets and seTr Assets donaw tr) the chty are irKhJd&J in thè altsir mattel vdue al the ofthe ServKes doTra by comm0 e at mel value in the FerK¥J whith they are Fthed. The tharity akn benefits Ircrfn rnY hwrs of¥i by ma)yttfflmitted indNtha ¥oluntews. No alrnts are included in the acuwnts Ihese serYis as they 01 be qubr] with reax)n r&y. InteTesl irmne is for in the twrAI in it was eamtrj. Income from is for in the ycxj thty veratr the iKCAne takes F4x. fees e charged on a rthlY t)ays and TecoJnised in the monlh to rt rels. nOn of liabilths Grants m&le ants male af8 a[lMj they p•J. ifaojrffithwl b pay is tts the rti?en( are ac¥xunted for Ihatojmmuntikn co)Jrs. ClassffKation of ex Costs are d8ssfi&J u&ng the heajings by SCP 2019. Staff (£ts we b thesè hèadings baJ on estHnate of the SFenl by F9. Cods olraiwg Insbnenl Manwl c£6ts eslunaie ofthe SFenl by staff in the tharitys ifb4e5tments. Costs ofcharrtat4e a(Mties are the Lx6ts fAthe ni Trustees. RerK P8 15
NOTES TO THE Accoupirs year ended 31 October 2023 KING'S CHURCH lfERNATIONAL 1 k¢ountlng policies (continued) Costs suth as ar£ounb'ng w IT do notfcmrn partofthe tharrta)le &"?Aties bjl provpje a gJFVOrt lo them. Tkese (x)5ts are Iated lo the re¥1 xb'¥itses. orolher expendthre hè&JiNJs, as eWan&J in note 4. Governan costs fomi partof &pFrfJt c£6ts relqte lo the wtlc xaJnl4fity oflhe and its oTh18n statutory r4uirernents. They inthde the cctstol Kryaring the annual a)>Trts, the audrL other feSSiOnal lyict laken by the tr. J)d any (ttsts oftrustse mtirwjs. They th incJJe the tst0fstaff time swlon tlwe &tivities. T•ftgiblo fN•d488•ts Assets that are to t ONV severd )EJ5 wd CO$ mcrfe than QCO) are o)sl and deated over thoir estimatsd usefvl life.. Jjdlo.sUal 4uikxnenl i% dewe( over 310 5 yew& Fithres, ftbngs, IT and offKe are deiwth 02 to 8 yeJs. Land not deprgiatÈJ. Jihlings ¥e fv)I beirLq d•iatèJ as tha'r resijual is fJ)ns1Jed Mtto te mthaly bth CQ5L Jikling Impronts are dewgiabj olpr 2 to 5 mSur bjildings (Indlg thcoe m frcxn Slnthr&J Inwlthy P5) we dygiated o%er 10 yews. The carrying vdue offi1 a3ts 15 reve so thaL rf &)y impam)ent in value can te refflect&J in the a(oJJnts. Fundaccounling Resthtedfvnds Donations or gMts given b) tr fora are hekj in a restrhd fvnd and onty fcrf Ihe purpwes SFeoW by the donors. interest LN) (£sh iiNesbMts tethJing b) a reStrt fvnd are to thalfvnd The restrIrt funds are a)d deguiw in noè14. AJI frjnds ottw than rtslithj Jrhts We Sho 89 unrestitt&J fund& Loas•s RentsL% fr£ wrathig (lAere al the tW8ffts ofowTwsh¥) ith the are axwnled for as they are inoJrr&J. P10ft costs The (IntJt8s tr) a dew trIyJIK lyrts empkn)tes. The ottic$ are &)xunt&J for in the n(j the ernphJ>e b) tlv Rfjdund costs The (x)slofY stsff r&Jndary i% counj has teen m has teen infom the amount te cknjlated Iwth reath VAT The tharlty i8 r¥)1 ale trj rwJ)¥er Ihe VAT it i8 ty wts. Cwuenty VAT is treated as • exFwse aThJ Cha against the san category and rerKKI a5 the wrth&e to rt Tei*s. P4e 16
NOTES TO THE ACCOUW6 year ended 31 Ociober 2023 KING'S CHURCH IPtrERNATIONAL 2 Income from donations and legacies Unrestrthj RestrKknJ Jtth£ Totsl fund$ £ 2022 C¥Jnatk)ns from individuas 977, 148.140 1.125,706 7,008.295 LyaBs re¢iv& bythe 74.239 from thurches toward% cur G12 UK Fund from thurches toward5 wr C(knntA'a Fund 18,000 towards The King's House Sth(d, Wlndsor gts reeavèj for other W)se$ Total grts receiv& 200 11.IXK) 11,C¥y) 21.800 9Th.566 1PJJ,140 1,137.706 1.044,334 3 Expendfture Expffidlture In 2023 2023 Totsl fvniro & ¥UeS )le4 Rai&w Rasng donat5 leg*ae5 Inveslmgnl 27T Charitat48 acbMtie5 Local thurth 371,126 5,(43 125,075 115.597 13.453 ,595 45,511 141.777 758,818 Educalbjn li Ihe UK 227,508 77.782 394,849 Partnerships & InIe 44.123 1C6.1 10.39) 95.092 34.020 289,815 &JFpyt CC6ts 163.613 3,675 86.291 - 253,579 .647 124.S96 169.735 341834 1,443,902 Py17
NOTES TO THE ACCOUNTS year ended 31 October 2023 KING'S CHURCH IKfERNATIONAL 3 Expendiiure Icontlnued) Expenditure in 2022 Stsff costs frnl Prorety funding & venues Support costs I(81ed 2022 Total (osts Raising Raising donaln$ and leg$ Investsnenl managerrEnl 147 147 272 272 Charilabk ¥tivib'es Local thurch 385.068 6.(Th 145.895 Itk).818 138.468 7T6,255 Educat' in the UK IAI.707 27.685 48. 149 73.886 347,86T Patherships & (onferw 41.949 86.271 10.768 102.351 33.361 274, 700 &Jpport (x)sts Is9,5 3,672 82.538 - 245,715 771,1 99.717 188,020 334.iW3 1,399,241 Fwt L)Jsts are alhxated to thbes in the numteroftr&)S&#AS has. The folkjwing figures ¥e indudgj in Ihe totas kn¥e.' Amounts paKlto the 8tAkn Audrt fe 2023 £ 2022 £ 15,268 14.019 n-audil seTri 1,fA12 27Q Totd inthJd&l *ilhin c£tsts tth 16,270 14.289 4 Support costs 2023 £ 1518C 2022 £ &JpFQrt staff OlThc¢ quiwenl JKI IT Go%vn•ct indudiro staff Low intwest 148.900 34.858 31,813 12,434 6.075 39,211 33,895 6,491 Legal and wokniona Inr 2. 775 4,687 3.959 Tephe offi cxJsts 4,143 4,628 3,675 3,672 StsliJery & Offi SUPFdE5 Other 1,TT4 7,888 1,314 253.579 356 245, 715 PwJg 18
NOTES TO THE Accouprrs year ended 31 October 2023 KING'S CHURCH INTERNATIONAL 5 Staff costs 2023 £ 2022 £ Wages and saS Sxid secuty eosts PenshM oMlribub.cS 662,262 623.889 59,956 61.693 69,542 67.860 Olher emYee benefits 14,887 8C6,647 24.059 777.501 Temiinakn costs incJd&J J)¥e to £8.3311))22 nlll. The temiwiaticfi rJ)sts ere ai paKI in the nLTh at Ihe yw-WkJ12022'. nifj. 2022 Aver8ge numtmofslaff efflPb d19 Ihe 24 thurch 4.6 Educakn Hi the UK 8.2 Partnetships & (fe(£S 9Jprth stsff Nurtts ol Yulktin Ualenv skff 0.5 4.2 17.5 16.3 2023 2022 The nUrnr ofstaff IMth elAts in Ihe r £1CQ,IJ)1 . £110. The nurnber ofstaff in Ihe rry £9),Ci)1-£1CQ.CIX) The nUmrOf 5tsff pThlumts in Ihe r9tr £80,CQ1-£9J.CQ) The numterof staff 1th li Ihe raNJe £T0.Cl . £WJ.C( The numta of staff wth Kdumts rry £eil,C01 . £70.LK In )Jdition the thanty pad ph)yer kf th&e of£29.408I3. £24.9821. 2023£ 2022 £ 353,442 359,313 Key M&Jement FSOnn the ofwr W thurth. ofw aThJ of(yJr parknwship and lference Page 19
NOTES TO THE ACCOUNTS year ended 31 Othber 2023 KING'S CHURCH INTERNATIONAL 6 Grants made Gr8nls made as part offL a#rths.to Grants mJe from ojr ca Fund- note 14 2023 £ 2022 £ 4,524 ants m from ts Degjnabj Ce FuThJ- r#)te 14 Other grts to indi¥Juas 1,083 519 2,212 5,Ch13 Jrsaries in cases offinaTh] ne&J attendm alThe Iws Hcwsè S. WindsLY Grts rn frcffi ts WFls' lutknirvj &¥ibes 13,340 113 7,338 702 13,453 7.440 to Assoc4ab'¢Jn Evangdh4ue d'4wi au Ily( & refiy th in Burkuia Faso) to m)n Cartsmatica lniernaclcaI I'MCI? in CokNrtMa Grts to MCI were hjnded in part by gmts Ctiv1 otherthurce5 Inote 21 to the Joseph StcKehouse Tntsl (for humwitan ad k)r a naknaiips li Isrndl to the Joseph StcehtyJse Tnjsl earthquake r1 li Turkey & SyTial to Youth (Xjtreath Ministy in frcffi Yum the Tth. luThJ to M4en DavJ for huMrtar1 rfin to StrakgK Inrj$ MissTh)s rtin to Ihe British Red Crctss. tr ukrai utsis hUMa)it ad 20,CfJ3 12, 75.003 21,665 10,(MJJ 70.000 8,400 2.514 2.500 to aritans Purse. abj 2.ts 2.LX)O to Hdy Ld Missths Beth to Churth Intemationa Rotatson in &yJth 1, 135 to Elam Min15th Ifor Earthquake in Tuty & S18} lo Prem¢er Christian Wia 1,1(M) 1,000 to Look Arnd rehabllrtalj prt to the EVangela Ajliar to other insb"lub"ons 512 550 1,546 b) indiwduals in neoJ fft 1h AfrKa 28,957 9,211 2,1(4 8.663 to indiwduaL8 workiThJ ITr christi mink8ty JKI in to indiwduals working in Chrf1 rninty thkTwI in PAjna Fag) Othergrts to indiwduals Totd grants m&Je as wt of Pship a*¥itss 8.605 2.014 690 106.1 86,271 124.686 99,717 ifjng's Churth Intsrnaknd Robwtg)n 15 ha adw rdali)nship Ise8 rKste151. Page 20
NOTES TO THE Accoupirs year ended 310(lober 2023 KING'S CHURCH lfERNATIONAL 7 Tangible Fixed assets FrethcJ Iwd kkngs fftb'ry. & g]UikMnent Total al 1 Nowber 2022 3,175,921 470,662 3,646.583 5,434 addth'cfjs 5.434 dtsp)saL% at 31 iknter 2023 19.292 19,292 3,632,725 3,175,921 at1 Nosmter 2022 60,156 418.937 479,093 24,886 19,292 484,687 ¢harge for the year di8p)sals 8131 Ckloter 20ZJ 16,492 - 19,292 416.137 Nel Pthik Value al 31 (knr 3,107.371 40.667 3,148,038 81 1 November2022 3.115.765 51,725 3,767,490 Freehdd ld and buvings ¢Miprtse the pYc(ty lfjTrJs H$8 at £l.gXI,CKKI, 75 Fran Road a1£1,591.985 and a mcxjular Iwilding al £15,386. v&Jes of lfjng's House 75 Fr Ro&J dUde frhokl ld, is not deprecaated, as well as buildings. Forthc¢e bjiklings the resKJu81 vaue the of ihe Ye i8 not cderj materiJly drfferenl frryn their caThying ye and so rK) d8preriati was thay&J C thc& wcwbes li the . The nyJJU tMJIldw was deFThiabJ. 8 Investnnts 2023 £ 2022 £ Cash hekl at1 Notrr 247,89J 226,3Q2 Diwsals l addIticS to in¥eslrnil Interest eam8d 52,6CtsI 20. 756 3,%7 832 Cash hdd at 31 ¢tCthr 304,461 247,890 Thi8 invesbnent ct4nwses part otihe FoFwty Fwhj.. iSj in nterestrin9 UK dew &x)JJnts. 9 Capital comrnitments At 31 iknttr 2023 the no tXrn1tits la121' nill. P4e 21
NOTES TO THE ACCOUP year ended 31 Cktober 2023 KINGE CHURCH IKfERNATIONAL 10 Commitments under owatlng leases The tharity has no fflthents to make kne paywthts. 11 Debto 2023 £ 2022 £ &ft NJ receiv 23,441 29,047 7,732 60,220 23. 163 Prepayments aTJupJJ inc 13. 708 8.923 46.394 12 CredStors 811k)tll7ts due Or 2023 £ 2022 £ Bank loans 14,258 13.653 Acuuas deferred inttffie 52,%2 14,866 41,421 123.$07 47,169 Taxe5 •d rity OthereJwJi 14.169 75,337 90,328 anwls WKJg alerone Bank kIS 168.815 181.722 The charity ha5 a knk k)8n wjred by first W thwge 0r 75 Frarw Ro&J, W1ndSth was dra7 in January 2014 and is fepayable over 20 yeats with InteSt tharpj at 2.25% at¢)NE the Bk olEnld e rate. The was (t)taned to asstsl th the tAJrthase and renovalic 0175 Fra) Roa, Imndsor. 13 Intsr fund loan To rerns the Ftrcpty Fund •KF MinlSe Ihe gwa L¥15 tNThing c£6ts. the Prwty Fund mJe a I 01 £680,tKK> in Novernber 2018 to the thaws Fund. Interesl is tharged al the Bwk of EroL4nds base rate inclu¢J wIth.Trsfers betheen fijnds, cn the Staternentof Finanua The Gemera Fund hokJ5 the £880,OC in tnjst the Prowty Fund and rf 75 RoJ. With ere kj scJ the k)an wJubJ t¢ rep•J {d rnay tr ryNJ sLYM)erl.
NOTES TO THE AccouTr¥rs year ended 31 October 2023 KING'S CHURCH INTERNATIONAL 14 Fund movements Fund mov•m•nts In 2023 al Inojrning Jtyring 01 Nov 22 resr reswrces Transfers Baanek * 31tht23 Burkina Fa50 FurKI Camp5 Fund Care Fund 145 -145 5.741 . 4,524 1,217 Cok)mtia Fund 1445 12.103 Confemo Costs FuThJ 175 7.246 7.421 conferen Ddegale Fund Earthqu Fund G12 UK Fund 15 311 -326 7.261 - 6,412 - 26.767 37.393 - 20,2S8 9,632 Isra81 Fund 4,947 1,(42 947 Joseph StOrehse Fund lfjdz Klub Fund 10 - 1,052 1,975 50,975 Missions Fund ProFerty Fund FuTrJ 954,657 10,703 fA),174 29,183 994,093 - 60,174 Sthod Fur%fraiwg for parbes South Atrica Bknkets Fund 113 s1h Africa Churth Fund Ih Africa Fund 3.1 2,445 Sojth Africa F¥operty Fund Sojth Africa RdfFund 5,838 - 3.123 6.373 Tum the fvje Fund 1.257 Ukrane Fmd 1,187 1.C¥)5,258 163.1( 140,572 29,183 1,056,975 UnTrstitted $ General Fund 2,526, 1,289,393 . 1,9,646 2512 10,512 . 13),355 2,486,288 Deswated &Jr¥ary Fund Des>wabJ Mis%ons Fund 83,172 83.172 2.5,4(@ 1.289.393 - 1.&)3,3 . 29.183 2,486,288 Toll 3.534.e66 1,452,499 .1,443,9)2 3,S43263 Pèje 23
NOTES TO THE Accoupirs r ended 31 Orxober 2023 KING'S CHURCH INTERNATIONAL 14 Fund movements {conllnuedl Fund movements in 2022 BaL8n at IT01ng 01 Nov 21 resour$ OuWng resour$ Transfers Balance al 31 Oct 22 Reslrictedfvnds Burkina Faso Fund 450 Care FurKt 2.711 2.711 COk)m"a Fund 27. - 25. 105 2.445 Conference Costs Fund 238 7T5 Confereno Delegate Fund G12 UK Fund 157 15 - 26.010 12. 701 - 13.458 26, 761 Joseph Storehouse Fund Kidz Klub Fund io .975 50,975 Missions Fund 5.368 - 5,368 Property Fund School Fund 932.312 17.935 2.220 954,651 59,917 - 59.gTT hool Fundraing for parbes &wlh Afn"ca 8L4nkets Fund 102 -102 1.321 7.366 &wlh Africa Church Fund 35 ulh Africa Kijs Fund 1.288 3.762 5,050 S)ulh Africa Property Fund South Athca Rf Fund 5,713 125 5.838 9.785 5.257 6.403 8.639 Tum the Tide Fund 2.819 7.437 - 8.41h7 1.856 Ukrwne Fund 5.999 999 918.510 149,889 129,777 6.630 1,th95,258 UnfrEsliicled funds Gweral Fund 2.655.360 1,145,275 -1, 184,793 - 88,886 2,526,896 DesEnaled Bursary Fund De5Enaled c Fund De5wJnalgJ Missions FurMI 3,850 7,338 2,512 1.083 1,083 - 76.256 76.256 2.6f.293 1. 145,215 -1.269.470 6.630 2,529.408 TO1 fvnds 3.638.803 1.295, 104 -1.399,241 3.534666 Page 24
NOTES TO THE AccouTr¥rs year erKled 310(thr 2023 KING'S CHURCH INTERNATIONAL 14 Fund movements {contlnued} Buthma Faso Fund This fund wa5 ueated to SUPFYt (knkywtvyk arhj ctre¥th in the ctsjnty of&JthTra Faso in We51 AfrKa. Camps Fund The churth organw carnps thlthn WKI Fecfde, womdiro chri5ts.an tething and felk)wship as well as holiday activities. Ddegates are carged a fee to cow the ojsl ol runnrg ts orw. Thè Caws Fund eiists to W pay th8 [985 Ihose cannot affud ftjll ount thernsefves. Care Fund ThrcAJgh the Cwe Fund, thurth rrvrtss are thstiitrArted to Fè¥4e sh¢Nt.lerm f0a7 ne&Js'. in axrKdan wth Ihe Chatys of IteMig the [. This rx)mprEe5 alb)n5 gwi to suppNtthe ofthe thurth Ir¢teml Ccknmtla. GMfWPn ¢kn Fund ab'ons to thL% bjnd are US t hdp meetthe nJnrirKJ ctsts ofctM1 by the c. This frjnd provijes those trJ ish to aiieThJ a lj1isli ctrferpmthts oihwAise could notafford to do sts. E•8ke Ftffjd This fund provijes rdl to those suffen'ng in the aftemiath Of ewthquake JKI in 2023 provwknj in the aftemiath of earthquae li Turkey Syfia and an irs Nk¥cK)xfy. This fund represents donati$ given io help pay for parts 1 to on deplOynI and for Ihe costs of other rrinisty amcfig Ihe military suc as'Beer n Burger5. events the ChItr we to F5ne1. G12UKFuTrl The tharity hosts aft nUal ttffjfeTen fr(those ff1%d in or intsresbj wi the G12 nefvk ofthurth85.' as 11 as other to tran lers ol these thurces. thnts aThJ towJds this we hdd in the G12 UK Fund. A defi(it on the fvnd arose from the ets run in X11&2018. The tnjstses eywAthi% to be fvthre dNal)ns to Ihe Fund. IsraelFund The Israel FuThJ wa5 set up imrr fdky4vJ the 7 20rJ aw lsrl kn me gmts toorganisatths woTrAJiig huManan ahj li c(xJnty. This fvnd fflakes grants to VL5iCffl for Israd to surwt ts J059JTr &CrfEtK$e woiett mlernal1a huMrtarian aJ ntr8 in Isrl providing •J to Ihe nJy. b)Ih •J . IMThJ nati(ffl of lThl. KZknb FuTrY This reFKesents donations towards the (x)sts of orwating thibjren s rrin1s1$ krth as'Kidz Kjub,: thurth&èJ events fvn xbwib'es and te&hirw that is to from bgrouThts. P3e 2S
NOTES TO THE AccouTr¥rs year ended 31 October 2023 KING'S CHURCH INTERNATIONAL 14 Fund movements {contlnuedl PAissths F(md The Missb)ns Fund SUFpNts rld 1 woyths $tsn to thurdw The Proth Fund was known as 1jing Fu1 exists lo provide finarKe fr)r wopth. InceffjiNJ SO 1XSt ofdonatwS giiMI terest 8an&J cash dekwis. lFUnd The SthcL)l Fund gJPFrfJts lfjng's Churth InlefflalMs li dd'SJuCalh JKI 5Feofi• The lfjng's Hcyjse S(ts)I, Windsor.. the prn sccd run by the thty. SchoolFundraisirhJ for3rdpartBs The puwls ofThe lfjng'5 Hrwse Y•1rAj c[¢t lhur0 firnthaty'ng to ofothw tharities.This thjnd holds those rTh)nies fvndraBing inibabses we underway. unm the rneY P &8 a wtto the relevant charibes. Soulh Atsyca 818nkets Fund The South Africa ketS Fund woYth5 tknkets to thikkn fJrM'ks in th Af l& wami shdl¥ in the wintw months. So(th Africa Chuth F The South Afnca Churth Fund elists to in Scth Afrhx South AfiFca K&ls Fund The Sc¥Jth hica Kyjs Fur eyists to hdp thille rrfk thiben in s In 2018 thg's Church IntemalThJ Rcv19)n, Swth purthased prfwty to us&1 for a thurth Ixjilrfing, its dZ Klub chihlren's ministy and its other tharitstAe thties. The Sdyjth AfrKa Prom Fund wa5 (TraJ lo provJd8 SUFpc¥i to litate Ihis purthase and fijiure ofthurch prybes in SAyJth Afr Sothh Afrtca RefEfFund Donations lo thk8 fijnd Je u1 k) h in S(wth Af Tum the Te Fund The Yum the ride. Fund SUFpyts thikMeJ&J lthsehohjs ni Mthi th e1seknte in Swlhern AftTh.' lth focrfj dothing and thereby enabIff them to ukrme Fund The Ukr&ne Fund wa5 in Marc 2022 11 reSSe k) ts inva5M ofthe cwnty. M tha{Ks we frnvard to est)lish rel waes for IrAk in resse tr) the rrns.. in Uknane ts refi. Pap 26
NOTES TO THE Accoupirs r ended 310(knber 2023 KING'S CHURCH lfERNATIONAL 14 Fund movements Icontlnued) tsffJnat8d&llsaryF(MKI Funds are Set aE+Je Ihe D&5h3nabJ has the resour 1r$aneS e&h yearlor PUFiLs to attend The King's H(KJse the Chrtsban thatp)D il wowd85 is availthe to from al swirPorniC bKgr¢nd8. Designated Cats Futh The D.ated Care Fund was estthhed to [¥Je reswrcests help'ng the nJy as. M some occasms, there may fbotbe adequaie my in the th Fund to Ihe thal a. D6sbn8t&Y Missi)nsFuThl Ten per cnl la the'l of fv unrtr dSIb)n5 lexw Ihc6e gNen in reS[se to w 4)[) ¥e sel aside in a Designated Miworbs Fund to yJFwtthurces rn thetmxhj. rthf wryk, and Christian in 8Jucabon. ThKI compr6& our Cwnabj Miss5 FuThJ. 15 Related party transactions and trustee expense5 and remunerntion Trustees are not rernurveAI fcrf thtyr rde as bwes. oftr any remunwabon fr the charity during the year12022'. n&1. TnA8tee exw7ses The thanty the Idknn9 cc6ts fN dutS FefNmgJ by tNSes1 tehafofthe 2023 £ 2022 £ Truste8 ar¥J other ewses 40 2023 2922 Numter of trustees Donalx)ns Imm latedp The tharity rKei¥a donations from Injstees, key Man471 Ihwrckme knilEs. The tou (kna.$ rewv&J frryn these individuas was £150,40812021' £151,321). RelatKJnships h otftrcharitss AW Rithards. the S&)KK Parf crfKm9's Churth Intmlh)nd, was untsl 14 Dg2mtw ))22. a lSts8 Of The Joseph Storeh)use Truslto grwts m &$ nol8 6. Page 27