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← Kings Church International

2024-10-31-accounts

KING’S CHURCH INTERNATIONAL

charity number 1039958

TRUSTEES’ REPORT

AND ACCOUNTS year ended 31 October 2024

TRUSTEES’ REPORT & ACCOUNTS year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

Contents page
TRUSTEES’ REPORT 1-8
AUDITORS’ REPORT 9-11
ACCOUNTS
Statement of Financial Activities 12
Balance Sheet 13
Statement ofCash Flows 14
NotestotheAccounts 15-27

TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

1 About King’s Church International King's Church International is a non-denominational church based in the Thames Valley in the UK. The charity is governed by a trust deed, registered with the Charity Commission (charity number 1039958) and incorporated under a certificate of incorporation (issued by the Charity Commission pursuant to section 251 of the Charities Act 2011).

2 Objectives and activities Objects The objects of the charity are set out in its governing document and can be summarised as:

Aims

Our principle aims outlined below are based on Jesus’ words: ‘Love the Lord your God with all your heart and with all your soul and with all your mind. This is the first and greatest commandment. And the second is like it: Love your neighbour as yourself.’ (Matthew 22:37-39).

Strategies

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TRUSTEES’ REPORT year ended 31 October 2024

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KING’S CHURCH INTERNATIONAL

We aim to be an agent of reconciliation, taking a strong stance against racism and welcoming people of all nationalities: with over 50 nationalities in regular attendance. Women are given a prominent and visible role as part of the leadership of the church.

Our strategies specific to The King’s House School, Windsor are to: 1. Provide an education whose values and approach are based on a Biblical worldview.

  1. Prioritise people: firstly the well-being of the children at the school, as well as their families, our staff and supporters.

  2. Provide an excellent education by fully upholding Department for Education and Independent Schools Inspectorate Standards, by utilising various curricula including elements of the national curriculum, and by maintaining continuous improvement through monitoring innovation in education.

The trustees confirm that when reviewing the charity's aims, and planning its objectives and activities, consideration has been given to the Charity Commission's guidance on public benefit including the supplementary guidance regarding the advancement of religion. The activities set out below demonstrate the many benefits provided by the charity and made available to the public.

Activities The charity runs local church activities as well as activities to serve the worldwide church: Local Weekend services church Our in-person Sunday services welcome people from all backgrounds and age groups and the weekly online services expand our impact enabling people who are house-bound or geographically distant to also be part of our congregation. The preaching and teaching provide people with a strong message of hope in all situations. Small groups in the local community

Our weekly small groups are at the core of our pastoral care, support and development of individuals and families. There are diverse groups that meet across the Thames Valley for all ages and stages of life including children and youth, men and women, singles and families, and those in the later years of life.

Pastoral care

The church provides pastoral care to those suffering from grief, loneliness, mental health challenges or sickness, helping young and old alike and especially any who are vulnerable. Support is provided through the major milestones of life including birth, marriage and bereavement; and to help people have strong marriages and families and ensure those who don't have a family feel a sense of care from their church family.

Events & courses to support the church and community

Events and courses are run to support church members and local communities including Welcome Events, Life Class (an introduction to living the Christian life), Baptismal Services, Destiny Training (a leadership training course), conferences for men, women and youth and camps for children and young adults.

Media and communications to reach a global audience

Modern media and communications are used to share the church's message with a wider audience in the local area, nationally and around the globe; using multiple media channels (including websites, email, podcasts, a mobile app, YouTube, Instagram and Facebook) to make the message of Jesus accessible to all.

Community ministries

We also serve our local communities by running a Christian community of affordable accommodation in our King’s House property supporting those in the formative stages of life. Other practical support for individuals and families includes food rotas, childcare, hospital visitation and prayer support.

Education in The King’s House School, Windsor the UK The charity operates a primary school for the Windsor community: an independent co-educational day school with a capacity for up to 75 pupils. The school provides an integrated Christian education to children aged between 3 and 13 years that incorporates academic learning, character development, Biblical teaching and the positive experience of an affirming Christian community.

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TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

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||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Partnerships|||G12 UK network of churches| |&|conferences|The|church's|Senior Pastors|are|the UK|Co-ordinators|for churches|following|the G12|model|pioneered|by| |Misién|Carismatica|Internacional|in|Colombia.|They|provide|support|to|other pastors|and|King’s|Church| |International|also|hosts|an|annual|G12|conference|for those|churches.| |Other Partnerships| |King’s Church|International|works|in|close|relationship|with|charities|and|churches|in|South|Africa,|Burkina|Faso| |and|elsewhere.|Ten|per cent|(a|‘tithe’)|of our|unrestricted|donations|income|is|set aside|in|a|Designated| |Missions|Fund|to support other churches,|relief and|development|work,|and|Christian|projects|in|education.| |Grant-|Grants are made predominantly|to other|Christian|organisations:|to support churches,|relief and development| |making|work and|Christian|projects|in|education|and housing.|Grants from|the charity's Care Fund are made to| |individuals|in|financial|need — emulating|the|early church|in|the way|it cared|for|its|poorer members.| |Requests|for grants|are assessed|against the|following|criteria:| |-|Does|it|fit the|objects|of the|charity?| |+|Is|the|trust|in|a|financial|position|to commit the funds?| |«|Can|the|credibility|of the|recipient|organisation|or|individual|be|established?| |«|Can|the|specific|purpose|of any grant request be|verified?| |«|Can|the|effectiveness|of the|grant be|monitored?| |An|analysis|of the grants|made|is|recorded|in|the|notes|to|the|accounts.| |Volunteers|All|the|charity's|activities|are|facilitated|in some|respect|by dedicated|volunteers,|several|hundred|of whom|give| |their|time|to|assist|in|some way —|for example|fulfilling|a|role|at the|Sunday|morning|services,|running|a|small| |group,|assisting|in|the|church|office|or working|with|children|or youth.| |A voluntary|internship|is|offered|to|those who want|to|give|more|substantial|volunteer|hours|in|service|of the| |church|and|local|community:|typically,|three days|per week.|The programme|lasts|for a|year and|participants|are| |provided with|training|seminars|and|on-the-job coaching|together|with|the opportunity|to|serve|for a|short period| |with|one of our overseas|partners.|Interns|provide a significant|contribution|to the|charity's|activities.|They| |themselves develop valuable|skills|and|an|understanding|of their own|abilities|and|potential|while|working| |alongside|people|with|experience|and|high|standards|in|a|motivated,|inspirational|and|affirming|environment.| |Fundraising|The|charity|is committed|to|adhering|to|the|highest|ethical|standards|in|the way we fundraise.|Fundraising|is| |conducted|by our own|staff (external|fundraisers|are|not used)|and|is|primarily done|by|having|an|‘offering’| |during|Sunday services|accompanied|by|Biblical|guidance|on|money|and|giving.|Donors|are|presented|with| |several|options|for how|to donate|and|informed|there|is|no compulsion|to give,|to ensure|vulnerable|people do| |not sense|a|pressure|to donate.|Any complaints|regarding|fundraising|are|considered|by the Governance| |committee|of the Trustee|Board|although|none were|received|in|the year|(2023:|nil).|Where donations|are|given| |for a|specific purpose|these|are|retained|in|a|restricted|fund|(these funds|are|listed|in|note|14)|and|used|only for| |the purposes|of that fund.|We|are committed|to|protecting|our donor's|personal|data|through|adhering|to the| |requirements|of General|Data|Protection|Regulations|(GDPR).|

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TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

3 Achievements and performance

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||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Objectives|for 2024|Achieved| |Launch|an|initiative|to encourage|church|A new|initiative was|launched|for church|members|to|invite|3 people per| |members|to share|their faith and|invite people|to|| Week over a 6-week|period,|causing many to hear the Christian message| |||services|and|church members|to develop|habits and|skills|in|sharing|their faith.| |Hold|6|baptism|services|for new|Christians|to|5|baptism|services|were|held|during|the|year|(compared|with|2|in|2023),| |make|a|public|declaration|of their|faith|baptising|a|total|of 33|people.| |Provide|new|opportunities|for youth|to grow|in|Several|youth-focused|events|were|held|including|a|youth|Encounter,|a| |spiritual|maturity and|ministry|summer camp,|and|a|youth|conference|attended|by|94 young|people;|and| |a|Sunday service|led|by young|people.| |Launch|a|children’s|ministry|in|our|KCI|London|It was|decided|to|postpone|the|launch|of the|children's|ministry|so|that we| |congregation|could|focus|first on|growing and|strengthening|the|existing|serving|teams.| |Those|teams|are|now|well|established|and we|expect|to|launch|the| |children's|ministry|in|2025.| |Through|careful|cost|control|and growing our|As shown|in the|Financial|review below, income was increased, and cost| |income|streams|achieve|positive|cashflow|and|reductions made|especially through|moving|both|Windsor and|London| |ensure|our|reserves|are|maintained|Sunday|services|to new venues.|Consequently|the|charity|made|a|surplus| |on|unrestricted|funds|of £29,000,|and|had|positive|cashflow|with|Reserves| |increasing|by £17,000.| |[School,]|[Windsor]|(15%)|to £71,000|and we|aim|to|continue|the|improvement|in|2025.| |||[House]|Raise additional voluntary funding for The King’s|| The King’s House School, Windsor increased donations raised by £11,000|

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4 Plans for future periods

The main objectives for 2025 are set out on page 1. The charity plans to continue its current strategies to reach increasing numbers of people with the love of Christ and to see The King’s House School, Windsor expand steadily in the provision of excellent Christian education.

5 Financial review

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TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

Reserves (the General Fund excluding tangible fixed assets and the loans secured on those assets) increased by £17,000 (2023: decline of £33,000) to £218,000 (2023: £201,000). Our policy, in order to maintain adequate finance for the charity's activities, is that Reserves should amount to between 1 and 4 months’ expenditure (net of depreciation). At 31 October 2024 Reserves equated to 1.8 months’ expenditure (2023: 1.8 months) which is within policy.

Investments — The Property Fund is invested in interest earning bank deposits. The return on these investments is reviewed periodically to ensure a good rate is being earned. The charity continues to investigate possible properties for the expansion of its activities and the funds are therefore kept in a relatively liquid form so they can be accessed if required.

6 Structure, governance, management and advisors

King’s Church International is a charitable trust governed by a trust deed dated 27 March 1994 and is run by a Board of Trustees. The trustees delegate the day-to-day running of the trust to senior management.

Trustees Mike Airey

Dushy Goonawardhane (appointed 5 January 2024) Maria Magembe Edward Slade

Ed Turkington

Appointment — Trustees may be appointed by a formal memorandum of the spiritual leaders of the church. Trustees serve of Trustees for a period of two years and may offer themselves for reappointment. Trustees must be members of the church and accept the doctrines set out in the fourth schedule of the Trust Deed.

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TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

Trustee All newtrustees attend training which covers the responsibilities oftrustees as well as the objects,
Training governing documentand governance structure ofthe charity. Theyare also required to read the Charity
Commission guidance ‘The Essential Trustee’ and encouraged to read their other publications.
Decision- Thestrategicdecisions ofthecharity aretaken bythe Board ofTrusteesafterconsideration of thevision
making and values setoutbythe senior pastors and spiritual leaders ofthe church (see ‘Spiritual Leaders’ below).
The Board ofTrustees appoints committees, comprising both trustees and people with relevant expertise,
to consider specific subjects and makerecommendations to the Board.
Remuneration The Remuneration Committee bench-marks remuneration for church staffand advises the trustees on
remuneration decisions. The School Board sets salaries for school staff. The Committee and School Board
members involved in this process are neitheremployees nor related to the employees they are evaluating.
The keymanagement personnel ofthe charitycomprise its Board ofTrustees and senior managers.
Trustees give their time voluntarily and norecompense is made for their role as trustees. Details oftrustee
expenses and other transactions with trustees are disclosed in note 15 to the accounts.
Remuneration forsenior managers is reviewed annually bythe Remuneration Committee. Its
recommendations are submitted to the Trustee Boardwho approve the remuneration packages. When
setting remuneration forsenior managers consideration is given to theirexperience, expertise, skills,
competencies, impact, influence, scope and management responsibility. Remuneration decisions take due
note ofcomparable national benchmarks and aim to be fair, reasonable and affordable; and to recognise
the value ofeach individual's contribution to the charity’s performance.
Risk
Management		 Thecharitymaintains a risk registerranking risks according to likelihood and severity; and operatesa risk
management policy forreducing and controlling risks. The principle risksand uncertainties itfaces are:
A reliance on voluntary donations
Voluntary giving accounts forover75% ofthe charity’s income and would be affected by achange in the
number of, or financial circumstances of, donors. This risk is mitigated by the very stable and committed
nature ofthe church's supporter base: mostdonors give consistently on a monthly basisand are
committed to the principle oftithing: giving at least 10% oftheir income to the local church. Measures to
reduce risk include the preparation ofweeklyand monthlyincome reports so managementcan take prompt
action ifgiving trends alter; and financial updates being given atseveral church meetings through the year
providing a mechanism fordonors to respond promptly toany financial challenges and giving them asense
ofpartnership in the charity's financial health. The charity also operates a strong budgeting system to
ensure costs are kept in line with income and discretionary expenditure is reviewed regularly so spending
isonlyauthorisedwhenincomeissufficient.

The safety of children

Through The King’s House School, Windsor and its church activities for children and youth, the charity provides many services to children. Keeping children safe from harm is a top priority and the charity has therefore implemented a Safeguarding Policy for Children and Young People. This includes regular mandatory safeguarding training and Disclosure and Barring Service checks for all staff involved in children’s activities and all those with a senior position in the charity. The Board of Trustees monitor safeguarding measures to ensure the Safeguarding Policy is being fully implemented. Importance of the senior leadership team The church's growth, charity's strong momentum, and donors’ loyalty are in large part due to the inspirational and visionary leadership of the church’s Senior Pastors. The risk of losing such leadership has therefore been mitigated by developing a strong team of spiritual leaders and by a policy that, when a sizeable group of leaders is travelling, they do not all travel together. Spiritual The spiritual leaders of the church comprise the Senior Pastors, Wes and Adriana Richards, together with Leaders a team of twelve men and twelve women who oversee the pastoral care of church members and the programme of Christian teaching and provide spiritual direction to the church.

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TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

The trustees recognise that the spiritual leaders are the spiritual authority of the church. The spiritual leaders recognise that the trustees are the legal custodians and administrators of the trust funds. The trustees have the responsibility to administer the trust funds and undertake this in full recognition of the spiritual guidance provided by the church’s spiritual leaders. It is the policy of King’s Church International to ensure that the trustees and spiritual leaders fully co-operate in the most effective way in order to fulfil the stated objects of the trust taking into account their respective responsibilities. Having assessed the practical implications involved in fulfilling the spiritual direction given by the church’s spiritual leaders, the trustees create, maintain and oversee the accounting structures, reporting structures, policy statements and working practices.

Senior The key management personnel to whom the trustees delegated day-to-day running of the charity during Managers the year were:

AW Richards and A Richards, Senior Pastors

L Harding, Head of The King’s House School, Windsor PD Webb, Head of Finance

Principal Auditors Advisors Saffery LLP, St John’s Court, Easton Street, High Wycombe HP11 1JX

Principal Legal Advisors

Wilsons Solicitors LLP, 4 Lincoln's Inn Fields, London WC2A 3AA

Principal Bankers

Metro Bank, One Southampton Row, London WC1B 5HA

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TRUSTEES’ REPORT year ended 31 October 2024

KING’S CHURCH INTERNATIONAL

7 Trustees’ responsibilities in relation to the financial statements

The trustees 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). The law applicable to charities in England & Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper 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 Charities Act 2011, the Charity (Accounts & Reports) Regulations 2008 and the provisions of the trust deed. 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 of King's Church International on 12 August 2025 and signed on their behalf by

‘)

MH Airey, Trustee

King’s Church International, King’s House, 77A Frances Road, Windsor, Berkshire SL4 3AQ

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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

KING’S CHURCH INTERNATIONAL

Opinion

We have audited the financial statements of King’s Church International for the year ended 31 October 2024 which comprise of the Statement of Financial Activity, Balance Sheet, Statement of Cashflows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

KING’S CHURCH INTERNATIONAL

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement set out on page 8, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the charity's financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the charity by discussions with trustees and updating our understanding of the sector in which the charity operates.

Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the charity's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charity's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve noncompliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of noncompliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council's website at: www. frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

KING'S CHURCH INTERNATIONAL

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Cathe4 Li? rT St Johns Court, Easton Street, High Wycombe, Buckinghamshire HP11 1JX Statutory Auditors

Date:

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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STATEMENT OF FINANCIAL ACTIVITIES year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

Unrestricted Restricted Total 2023
note funds£ funds£ funds£ £
Income and endowments from:
Donations and legacies 2 1,012,522 154,276 1,166,798 1,137,706
Charitable activities
Local church 73,743 373 74,116 68,409
Education in the UK 263,636 - 263,636 207,627
Partnerships & conferences 37,649 - 37,649 34,586
Othertrading activities
Fundraising events forThe King's House School - 325 325 67
Investments 5,297 6,588 11,885 3,967
Other 855 - 855 137
Total income 1,393,702 161,562 1,555,264 1,452,499
Expenditure on:
Raising funds
Raising donations and legacies 451 - 451 343
Expenditure on other trading activities 938 - 938 -
Investment management 580 - 580 277
Charitable activities
Local church 808,425 7,300 815,725 758,618
Education in theUK 328,015 71,385 399,400 394,849
Partnerships& conferences 191,507 62,471 253,978 289,815
Total expenditure 3 1,329,916 141,156 1,471,072 1,443,902
Net income /-expenditure 63,786 20,406 84,192 8,597
Transfers between funds 13,14 - 35,275 35,275 - -
Net movement in funds 14 28,511 55,681 84,192 8,597
Reconciliation offunds
Total funds broughtforward 2,486,288 1,056,975 3,543,263 3,534,666
Totalfundscarriedforward 14 2,514,799 1,112,656 3,627,455 3,543,263

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BALANCE SHEET at 31 October 2024

KING'S CHURCH INTERNATIONAL

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|2023| |note|funds|£|funds £|funds|£|£| |Tangible|assets|7|3,145,431|-|3,145,431|3,148,038| |Investments|8|81,783|358,995|440,778|304,461| |Total|fixed assets|3,227,214|358,995|3,586,209|3,452,499| |Stocks|4,022|-|4,022|5,746| |Debtors|11|93,526|6,661|100,187|60,220| |Cash|211,358|67,000|278,358|317,120| |Total|current assets|308,906|73,661|382,567|383,086| |Creditors:|due|within|one|year|12|-|184,020|-|-|184,020|-|123,507| |Net|current|assets|124,886|73,661|198,547|259,579| |Creditors:|due|after one|year|12|-|157,301|-|-|157,301|-|168,815| |Inter fund|loan|13|-|680,000|680,000|-|-| |TOTAL NET ASSETS|2,514,799|1,112,656|3,627,455|3,543,263| |The funds|of the|charity:| |Property|Fund|14|1,042,545|994,093| |Other|restricted|funds|14|70,111|62,882| |Total|restricted|income funds|14|1,112,656|1056,975| |General|Fund|14|2,512,541|2,486,288| |Other|unrestricted|funds|14|2,258|-| |Total unrestricted funds|14|2,514,799|2,486,288| |TOTAL CHARITY FUNDS|14|3,627,455|3,543,263_|

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These accounts were approved by The Trustees of King's Church International on 12 August 2025 and signed on their behalf by: ? © MH Airey, Trustee

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STATEMENT OF CASH FLOWS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |note|2024|2023| |£|£| |Cash|flow from|operating|activities|131,247|62,495| |Cash|flow from|investing|activities| |Investment|interest|received|9,140|3,562| |Purchase|of tangible fixed|assets|7|-|18,104|-|5,434| |Proceeds|from|the|sale of tangible|fixed|assets|855|-| |-|8,109|-|1,872| |Cash|flow from financing|activities| |Loan|repayments|-|25,583|-|24,736| |Increase|in|cash|and|cash|equivalents|97,555|35,887| |Cash|and|cash|equivalents|brought forward|621,581|585,694| |Cash|and cash|equivalents|carried forward|719,136|621,581| |Reconciliation|of net income / -expenditure to cash|flow from|operating|activities|2024£|2023 £| |Net|income|/ -expenditure|84,192|8,597| |Depreciation|7|20,711|24,886| |Interest expense|13,256|12,434| |Investment income|-|11,885|-|3,967| |Profit on|the disposal|of tangible|fixed|assets|-|855|-| |Decrease|/|-|increase|in|stock|1,724|1,392| |Increase|in|debtors|-|37,222|-|13,421| |Increase|/|- decrease|in|creditors|61,326|32,574| |Cash|flow from|operating|activities|131,247|62,495| |Analysis of changes|in|net debt|note|2023 £|Cashflows £|2024£| |Investments|held|as cash|8|304,461|136,317|440,778| |Cash|included|within|current assets|317,120|-|38,762|278,358| |Cash and|cash|equivalents|621,581|97,555|719,136| |Debt due|within|one|year|12|-|16,688|-|28,066|-|44,754| |Debt due|after one|year|12|-|168,815|11,514|-|157,301| |Borrowings|-|185,503|-|16,552|-|202,055| |Net debt|436,078|81,003|517,081|

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Page 14

NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

1 Accounting policies

Basis of preparation

These accounts have been prepared using the historical cost basis of accounting and in accordance with the Charities Acts 2011, with FRS 102 and with the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and the Republic of Ireland. King’s Church International meets the definition of a public benefit entity under FRS 102. There are no material uncertainties about the charity’s ability to continue as a going concern.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Incoming resources

Income is accounted for as soon as the charity is entitled to it, the receipt is probable and the amount can be quantified.

Donations and legacies

Most donations are therefore accounted for in the period they are received. Gift Aid on donations is accounted for in the same period as the donation to which it relates.

For legacies, entitlement is taken as the earlier of: the date the money is received or the date the charity is aware probate has been granted and notification has been received from the executor(s) that a distribution will be made. Furthermore legacy income is only regarded as probable once any conditions attached to it have been met or are within the control of the charity.

Donated assets and services

Assets donated to the charity are included in the accounts at their market value at the date of the gift. Services donated by commercial organisations are accounted for at commercial market value in the period in which they are performed: The charity also benefits from many hours of service by many committed individual volunteers. No amounts are included in the accounts for these services as they cannot be quantified with reasonable accuracy.

Interest income is accounted for in the period in which it was earned.

Income from activities is accounted for in the period when the activity generating the income takes place. School fees are charged on a monthly basis and income is recognised in the month to which it relates.

Resources expended

Recognition of liabilities

Costs are accounted for on an accruals basis.

Grants made

Grants made are accounted for when they are paid, or if a commitment to pay is communicated to the recipient, they are accounted for when that communication occurs.

Classification of expenditure

Costs are classified using the headings prescribed by SORP 2019. Staff costs are allocated to these headings based on an estimate of the time spent by each person.

Costs of raising funds

Investment management costs include an estimate of the time spent by senior staff in managing the charity's investments.

Costs of charitable activities

Costs of charitable activities are the costs of the activities described in the Trustees' Report.

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

1 Accounting policies (continued)

Support costs (including Governance)

Costs such as accounting or IT do not form part of the charitable activities but provide a support to them. These costs are allocated to the relevant charitable activities, or other expenditure headings, as explained in note 4.

Governance costs form part of Support costs and relate to the public accountability of the charity and its compliance with statutory requirements. They include the cost of preparing the annual accounts, the annual audit, legal and other professional advice taken by the trustees, and any costs of trustee meetings. They also include the cost of staff time spent on these activities.

Tangible fixed assets

Assets that are to be used over several years and costing more than £2,000 are capitalised at cost and depreciated over their estimated useful life:

Audio-visual equipment is depreciated over 3 to 5 years.

Fixtures, fittings, IT and office equipment are depreciated over 2 to 8 years.

Land is not depreciated.

Buildings are not being depreciated as their residual value is considered not to be materially below historic cost, except for storage outbuildings and modular buildings which are depreciated over 10 years.

Building improvements are depreciated over 2 to 10 years.

The carrying value of fixed assets is reviewed at least once a year so that, if applicable, any impairment in value can be reflected in the accounts.

Fund accounting

Restricted funds

Donations or grants given to the charity for a specific purpose are held in a restricted fund and applied only for the purposes specified by the donors. Any interest earned on cash or investments belonging to a restricted fund are added to that fund. The restricted funds are listed and described in note 14.

Unrestricted funds

All funds other than restricted funds are shown as unrestricted funds.

Leases

Rentals from operating leases (where substantially all the benefits and risks of ownership remain with the lessor) are accounted for as they are incurred.

Pension costs

The charity contributes to a defined contribution workplace pension plan for its employees. The contributions are accounted for in the period the employee earned the entitlement to them.

Redundancy costs

The cost of any staff redundancy is accounted for when the decision has been made and the employee has been informed and the amount can be calculated with reasonable accuracy.

VAT

The charity is not able to recover the VAT it is charged by suppliers. Consequently VAT is treated as an expense and charged against the same category and period as the purchase to which it relates.

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

2 Incomefrom donations and legacies
Unrestricted — Restricted Total 2023
funds £ funds£ funds£ £
Donations from individuals 1,012,522 145,676 1,158,198 1,125,706
Legacies receivable bythe charity - - - 1,000
Grants received
towardsThe King's House School, Windsor - 5,500 5,500 2,000
from churches towards ourG12 UK Fund - 2,300 2,300 6,000
from churches towards our Colombia Fund - 200 200 2,400
grants received forother purposes - 600 600 600
Total grants received - 8,600 8,600 11,000
1,012,522 154,276 1,166,798 1,137,706
3 Expenditure
Expenditure in2024 Staff Grant — Property Other Supportcosts 2024
costs funding &venues costs allocated Total
note 5 note 6 note 4 £
Raising funds
Raisingdonationsandlegacies - - - 451 -
Expenditure on other trading activities - - 938 -
Investment management 580 - - - - 580
Charitable activities
Local church 380,279 5,014 126,048 134,824 169,560 815,725
Education in theUK 230,974 21,004 39,334 48,558 59,530 399,400
Partnerships &conferences 46,388 84,976 13,625 78,620 30,369 253,978
Support costs 171,592 - 3,662 84,205 - 259,459 -
829,813 110,994 182,669 347,596 - 1,471,072

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

3 Expenditure (continued)
Expenditure in 2023 Staff Grant — Property Other Supportcosts 2023
costs funding &venues costs allocated Total
Raising funds
Raising donations and legacies
Investmentmanagement		 -
277		 -
-		 -
-		 343
-
Charitable activities
Local church 371,126 5,043 125,075 ~—-115,597 141,777 758,618
Education intheUK 227,508 13,453 30,595 45,511 77,782
Partnerships & conferences 44123 106,190 10,390 95,092 34,020 289,815
Support costs 163,613 - 3,675 86,291 - 253,579 -
806,647 124,686 169,735 342,834 - 1,443,902

Support costs are allocated to activities in proportion to the number of transactions each activity has.

The following figures are included in the totals above:
Amountspaidto the auditors 2024£ 2023£
Audit fees 17,503 15,268
Non-audit services 3,562 1,002
Total 21,065 16,270
4 Supportcosts
2024 £ 2023 £
Support staff 160,282 152,806
Office equipmentand IT 33,621 34,858
Governance including staff 31,298 31,813
Loan interest 13,256 12,434
Legal and professional 4,205 6,075
Insurance 5,086 4,687
Telephone 4,350 4,143
Office property costs 3,662 3,675
Stationery& office supplies 1,733 1,774
Other 1,966 1,314
259,459 253,579

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

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5 Staff costs
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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2024|£|2023|£| |Wages|and|salaries|674,360|662,262| |Social|security costs|58,289|59,956| |Pension|contributions|76,659|69,542| |Other employee|benefits|20,505|14,887| |829,813|806,647| |Termination|costs|included|above|amounted|to|nil|(2023:|£8,331).| |The|prior year|termination|costs|were|all|paid|in|that year and|none|accrued|at|the|year-end.| |2024|2023| |Average number of staff employed during|the year|26|27| |Average number of staff calculated as|"full-time|equivalents"| |Local|church|49|4.6| |Education|in|the|UK|8.0|8.2| |Partnerships|&|conferences|0.5|0.5| |Support|staff|46|4.2| |Number of "full-time equivalent"|staff|18.0|475| |Staff whose|emoluments|(including|benefits but excluding pension|contributions)|exceeded £60,000|2024|2023| |The|number|of staff with|emoluments|in|the|range|£100,001|- £110,000|-|1| |The|number|of staff with|emoluments|in|the|range|£90,001|- £100,000|1|-| |The|number|of staff with|emoluments|in|the|range|£70,001|- £80,000|1|1| |The|number|of staff with|emoluments|in|the|range|£60,001|- £70,000|1|1| |In|addition|the|charity|paid|pension|contributions|for these|employees|of £34,838|(2023:|£29,408).| |2024|£|2023|£| |Remuneration|of key management personnel|360,277|353,442|

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Key management personnel include the senior managers of our local church, of our school and of our partnership and conference activities.

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

6 Grants made
Grantsmade aspartofLocal Church activities - to individuals 2024 £ 2023£
Grants made from our Care Fund - note 14 4,851 4,524
Othergrants to individuals 163 519
5014. 5,043.
Grantsmade aspartofourEducation activities - to individuals
Bursaries in cases offinancial need forattendance atThe King's House School, Windsor 20,911 13,340
Grantsmadefrom the pupils’ fundraising activities 93 113
21,008 13,453
GrantsmadeaspartofPartnership activities - to institutions
toAssociation Evangélique d'Appui au Développement (fordevelopment& refugeework in Burkina Faso) 25,004 20,003
to theJoseph Storehouse Trust (forhumanitarian aid for all nationalities in Israel) 12,501 10,000
to the Joseph Storehouse Trust (forearthquake relief in Turkey& Syria) - 3,000
toYouth Outreach Ministry in Malawi, from our"Turn the Tide" fund 8,400 8,400
to Misién Carismatica Internacional ('MCI') in Colombia 5,198 12,084
Grants to MCI were funded in partbygrants received from otherchurches (note 2)
to Magen DavidAdom forhumanitarian relief in Israel 5,000 4,000
to Holy Land Missions, Bethlehem 3,330 2,000
to Bread of Life Church, Ukraine 1,500 -
to Elam Ministries (forEarthquake Relief in Turkey& Syria) - 1,100
to Premier Christian Media - 1,000
to LookAround rehabilitation project - 1,000
to Strategic Indigenous Missions (forearthquake reliefin Morocco) 874 2,514
to the Evangelical Alliance 429 512
Grantsmade aspartofPartnership activities - to individuals
to individuals in need in South Africa 8,542 28,957
to individualsworking in Christian ministry and development in Colombia 8,037 9,211
to individualsworking in Christian ministryand development in the United Kingdom 3,150 200
to individuals working in Christian ministry and development in Burkina Faso 2,000 2,104
to individuals working in Christian ministry and development in Israel 1,000 -
Othergrants to individuals 11 105
Totalgrantsmadeas partofPartnershipactivities 84,976 106,190
110,994 124,686

Page 20

NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

7 Tangible Fixed assets
Freehold land Fixtures, fittings, Total
and buildings & equipment
£ £ £
Cost
at1November2023 3,175,921 456,804 3,632,725
additions 15,904 2,200 18,104
disposals - - 2,042 - 2,042
at31 October 2024 3,191,825 456,962 3,648,787
Depreciation
at1November2023 68,550 416,137 484,687
charge forthe year 8,394 12,317 20,711
disposals - - 2,042 - 2,042
at31 October2024 76,944 426,412 503,356
NetBook Value
at 31 October2024 3,114,881 30,550 3,145,431
at
1November2023		 3,107,371 40,667 3,148,038

Freehold land and buildings comprise the property King's House at £1,500,000 and 75 Frances Road at £1,591,985. These values include freehold land, which is not depreciated, as well as buildings. For those buildings the residual value at the end of the year is not considered materially different from their carrying value and so no depreciation was charged on those properties in the year. Freehold land and buildings also include building improvements, a modular building and storage outbuildings which are all depreciated.

8 Investments

2024£ 2023 £
Cash held at
1 November		 304,461 247,890
Disposals / additions to investment 124,432 52,604
Interestearned 11,885 3,967
Cashheldat31October 440,778 304,461

This investment comprises part of the Property Fund: invested in interest-earning UK deposit accounts.

9 Capital commitments

At 31 October 2024 the charity had no capital commitments (2023: nil).

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

10 Commitments under operating leases

The charity has no commitments to make lease payments.

11 Debtors

2024£ 2023 £
Trade debtors 4,502 218
GiftAid receivable 26,438 23,441
Prepayments and accrued income 24,759 29,047
Otherdebtors 44,488 7,514
100,187 60,220

The debtors figures for 2023 have been restated to classify school fees receivable as 'trade debtors' instead of ‘other debtors’.

12 Creditors

amounts fallingdue within oneyear 2024£ 2023£
Trade creditors 44,754 16,688
Bank loans 13,445 14,258
Accruals and deferred income 82,714 52,962
Taxes and social security 15,612 14,866
Other creditors 27,495 24,733
184,020 123,507
amounts fallingdue afteroneyear
Bankloans 157,301 168,815

The charity has a bank loan secured by first legal charge over 75 Frances Road, Windsor which was drawn in January 2014 and is repayable over 20 years with interest charged at 2.25% above the Bank of England base rate. The loan was obtained to assist with the purchase and renovation of 75 Frances Road, Windsor.

The creditors figures for 2023 have been restated to separate 'trade creditors' from ‘other creditors’.

13 Inter fund loan

To maximise returns on the Property Fund and minimise the general charity's borrowing costs, the Property Fund made a loan of £680,000 in November 2018 to the charity's General Fund. Interest is charged at the Bank of England's base rate and included within ‘Transfers between funds' on the Statement of Financial Activities. The General Fund holds the £680,000 in legal trust for the Property Fund and if 75 Frances Road, Windsor were to be sold the loan would be repaid (and may be repaid sooner).

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |14|Fund|movements| |Fund movements|in 2024|Balance|at|Incoming|Outgoing|Transfers|Balance|at| |01Nov23|resources|resources|31|Oct|24| |Restricted funds|£|£|£|£|£| |Bethlehem|Fund|-|1,330|-|1,330|-|-| |Burkina|Faso|Fund|-|450|-|450|-|-| |Camps|Fund|-|201|-|201|-|-| |Care|Fund|1,217|4,553|-|4,851|-|919| |Colombia|Fund|-|11,025|-|8,222|-|2,803| |Conference|Costs|Fund|-|1,840|-|1,840|-|-| |Conference|Delegate|Fund|-|288|-|163|-|125| |Earthquake|Fund|849|25|-|874|-|-| |G12 UK|Fund|-|9,632|36,510|-|30,428|-|-|3,550| |Israel|Fund|947|2,187|-|3,134|-|-| |Joseph|Storehouse|Fund|-|2,623|-|2,501|-|122| |Kidz|Klub|Fund|50,975|-|-|-|50,975| |Missions|Fund|-|5,884|-|5,884|-|-| |Property|Fund|994,093|13,177|-|35,275|1,042,545| |School|Fund|-|71,292|-|71,292|-|-| |School|Fundraising|for 3rd|parties|-|93|-|93|-|-| |South|Africa|Blankets|Fund|1,366|-|-|-|1,366| |South|Africa|Church|Fund|60|413|-|-|473| |South|Africa|Kids|Fund|2,445|509|252|-|3,206| |South|Africa|Property|Fund|5,838|-|-|-|5,838| |South|Africa|Relief Fund|6,373|539|-|-|6,912| |Turn|the|Tide|Fund|1,257|7,600|-|8,400|-|457| |Ukraine|Fund|1,187|650|-|1,500|-|337| |Venue|Fund|-|373|-|245|-|128| |1,056,975|161,562|-|141,156|35,275|1,112,656| |Unrestricted|funds| |General|Fund|2,486,288|1,393,702|-|1,233,213|-|134,236|=.2,512,541| |Designated|Bursary|Fund|-|-|-|7,742|10,000|2,258| |Designated|Missions|Fund|-|-|-|88,961|88,961|-| |2,486,288|1,393,702|-|1,329,916|-|35,275|=|2,514,799| |Total funds|3,543,263|1,555,264|=|-1,471,072|-|3,627,455|

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Page 23

NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

14 Fund movements (continued)
Fund movements in 2023 Balance at Incoming Outgoing Transfers Balance at
01 Nov 22 resources resources 31 Oct 23
Restricted funds £ £ £ £ £
Burkina Faso Fund - 455 - 455 - -
Camps Fund - 145 - 145 - -
Care Fund - 5,741 - 4,524 - 1,217
Colombia Fund 2,445 9,658 - 12,103 - -
Conference Costs Fund 175 7,246 - 7,421 - -
Conference Delegate Fund 15 311 - 326 - -
Earthquake Fund - 7,261 - 6,412 - 849
G12 UK Fund - 26,767 — 37,393 - 20,258 - - 9,632
Israel Fund - 4,947 - 4,000 - 947
Joseph Storehouse Fund 10 1,042 - 1,052 - -
Kidz Klub Fund 50,975 - - - 50,975
Missions Fund - 5,804 - 5,804 - -
Property Fund 954,657 10,703 - 450 29,183 994,093
School Fund - 60,174 - 60,174 - -
School Fundraising for 3rd parties - 113 - 113 - -
South Africa Blankets Fund 1,366 - - - 1,366
South Africa Church Fund - 60 - - 60
South Africa Kids Fund 5,050 3,201 - 5,806 - 2,445
South Africa Property Fund 5,838 - - - 5,838
South Africa Relief Fund 8,639 863 - 3,129 - 6,373
Turn the Tide Fund 1,856 7,801 - 8,400 - 1,257
Ukraine Fund 999 188 - - 1,187
1,005,258 163,106 — - 140,572 29,183 1,056,975
Unrestricted funds
General Fund 2,526,896 1,289,393 -1,209,646 - 120,355 2,486,288
Designated Bursary Fund 2,512 - - 10,512 8,000 -
Designated Missions Fund - - - 83,172 83,172 -
2,529,408 1,289,393 — -1,303,330 - 29,183 2,486,288
Totalfunds 3,534,666 1,452,499 —-1,443,902 - 3,543,263

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

14 Fund movements (continued)

Bethlehem Fund

The Bethlehem Fund supports Christian witness and humanitarian work in and around Bethlehem: the town where Jesus was born.

Burkina Faso Fund

This fund was created to support development work and Christian outreach in the country of Burkina Faso in West Africa.

Camps Fund

The church organises camps for children and young people, providing Christian teaching and fellowship as well as holiday activities. Delegates are charged a fee to cover the cost of running the camps. The Camps Fund exists to help pay the fees for those who cannot afford the full amount themselves.

Care Fund

Through the Care Fund, donations from church members are distributed to people with short-term financial needs: in accordance with the charity's objective of helping the needy.

Colombia Fund

This comprises donations given to support the ministry of the church Mision Carismatica Internacional in Colombia.

Conference Costs Fund

Donations to this fund are used to help meet the running costs of Christian conferences operated by the charity.

Conference Delegate Fund

This fund provides assistance for those who wish to attend a Christian conference who otherwise could not afford to do so.

Earthquake Fund

This fund provides relief to those suffering in the aftermath of an earthquake and in 2023 provided assistance in the aftermath of an earthquake in Turkey and Syria and an earthquake in Morocco.

G12 UK Fund

The charity hosts an annual conference for those involved in or interested in the G12 network of churches; as well as other events to train leaders of these churches. Grants and donations received towards this work are held in the G12 UK Fund. A deficit on the fund arose from the events run in 2016-2018. The trustees expect this money to be recovered from future donations to the Fund.

Israel Fund

The Israel Fund was set up immediately following the 7 October 2023 attack on Israel to make grants to organisations providing humanitarian aid in that country.

Joseph Storehouse Fund

This fund makes grants to Vision for Israel to support its Joseph Storehouse project: an international humanitarian aid centre in Israel providing aid to the poor and needy, both Jewish and Arab, living in the nation of Israel.

Kidz Klub Fund

This fund represents donations towards the costs of operating children's ministries known as 'Kidz Klub': church-based events with fun activities and Biblical teaching that is open and accessible to children from all backgrounds.

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NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

14 Fund movements (continued)

Missions Fund

The Missions Fund supports relief and development work and provides assistance to churches across the world.

Property Fund

The Property Fund was previously known as the Building Fund and exists to provide finance for church properties. Incoming resources consist of donations given together with interest earned on cash deposits.

School Fund

The School Fund supports King's Church International's work in children's education and specifically The King's House School, Windsor: the primary school run by the charity.

School Fundraising for 3rd parties

The pupils of The King's House School, Windsor conduct their own fundraising to support the work of other charities. This fund holds those monies while fundraising initiatives are underway: until the money is paid as a grant to the relevant charities.

South Africa Blankets Fund

The South Africa Blankets Fund provides blankets to children and families in South Africa who lack warm shelter in the winter months.

South Africa Church Fund

The South Africa Church Fund exists to help churches in South Africa.

South Africa Kids Fund

The South Africa Kids Fund exists to help charitable work among children in South Africa.

South Africa Property Fund

In 2018 King's Church International Robertson, South Africa purchased property to be used for a church building, its Kidz Klub children's ministry and its other charitable activities. The South Africa Property Fund was created to provide support to facilitate this purchase and future costs of church properties in South Africa.

South Africa Relief Fund

Donations to this fund are used to help people in need in South Africa.

Turn the Tide Fund

The "Turn the Tide" Fund supports child-headed households in Malawi and elsewhere in Southern Africa: providing them with food and clothing and thereby enabling them to attend school.

Ukraine Fund

The Ukraine Fund was launched in March 2022 in response to the invasion of the country. All donations are forwarded to established relief agencies for their work in response to the crisis: in Ukraine or among its refugees.

Venue Fund

Donations to this fund are used to pay for venue hire for church meetings.

Page 26

NOTES TO THE ACCOUNTS year ended 31 October 2024

KING'S CHURCH INTERNATIONAL

14 Fund movements (continued)

Designated funds are unrestricted monies that the trustees have decided to set apart for a specific purpose:

Designated Bursary Fund

Funds are set aside in the Designated Bursary Fund to ensure the charity has the resources to provide bursaries each year for pupils to attend The King's House School, Windsor and ensure the Christian education it provides is available to people from all socio-economic backgrounds.

Designated Missions Fund

Ten per cent (a ‘tithe’) of the unrestricted donations we receive (except those given in response to an appeal) are set aside in a Designated Missions Fund to support churches across the world, relief and development work, and Christian projects in education. This comprises our Designated Missions Fund.

15 Related party transactions and trustee expenses and remuneration

Remuneration paid to trustees and their close relatives

None of the trustees received any remuneration from the charity during the year (2023: none).

During the year, four employees who are close relatives of trustees received total remuneration (including pension contributions) of £82,304 (2023: three employees received £64,125). All remuneration was paid in accordance with the charity's standard employment terms and the salary bands set by the Remuneration Committee and School Board.

Trustee expenses and other payments regarding trustees

No trustees were reimbursed for expenses during the year (2023: none).

During the year, small thank you gifts were provided to four trustees in recognition of their voluntary service in a separate capacity as spiritual leaders of the church. The total value of these gifts was £168 (2023: £177).

Donations from related parties

The charity received donations from trustees, key management personnel and from their close families. The total donations received from these individuals was £128,295 (2023: £150,408).

Relationships with other charities

AW Richards, the Senior Pastor of King's Church International, was until 14 December 2022, a trustee of the charity The Joseph Storehouse Trust to whom grants were made as shown in note 6.

Page 27