2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1052518 Unaudlt•d Hnandal Statsments forthe Ye•r End4d 31 December 2024 Klway Churth Wombourne Dalton Pardoe Llmlted Chartered ACC￿ntsnts 794 Pligh Street Kingswlnford West Mldland5 DY6 88Q

way Churth Womboume Contents of the Flnandal Statements for the Year Ended 31 DeC¢m￿r 2024 Truste￿ Report I to 2 Independent Examlner's Reyt 5tatemert of FFnandal Acilv Statemerrt ￿ Ftn•Klal Po 6 to 13 Detalled Statement ol Flnandal Athltles 14 to 15

forthe Year Ended 31 (le¢ember 2024 The trustees prexnt thelr report wlth the flnancial ststements of the charlty for the year ended 31 December 2024. The trustees have adopted the provlslons of Accountln8 and Reportln8 by Charjtles: Statement of Recommended Prartlce appllcable to charltles preparing thelr accounts Sn accordance wlth the Flnanclal Reportlng Stsndard appllcable In the UK and Republic of Ireland IFRS 102} {effectlve I January 2019). 08JEcnvES AND AcnvmES Objertlves and alms The prlnclpal artfvity ofthe Churth ts: Llvlnl forjesus, transtornilng Ilves. bulld1￿ eommunlty. ACHIEVEMENTS AND PERFORMANCE Charftable and Fundrnlsln8 Artlvltle5 Klngsway Church has had another great year of supportlng those withln the church congregatlon and alw helpln8 those wlthln our comrnunlty of Wombourne Vllla8e. Many of our events are on a seasonal rollln8 pro8ramrne now and we ha￿ ¥ery popular Easter. ￿l¥est and Chrlstmas eornmunlty days s well as regular clubs each week for the toddlers. chlklren• Vouth and eldedy. These contlnue to yow In numbers and quallty and are appreclated by all who get Involved. The Coffee Lounge contlnues to be a huge success as people 1￿M the church and the wlder omrnunlty loln us on Tuesday and Thursday momlw tor a hot drlnl cake, crnft. game orthat. The blwst chan8e to our stsffing structuie thls year has been the addbtlon ot our Adrnlnistratlon Manager and she has alieady proved to make a huge dlfference In the or8anlsatlon, siructure and108bstlc5 of our church. We are al￿adY phnnlng Increasln8 her hours so that we un Increase her capaclty I We contlnue to have a large and Incredlbty hard workln8 group of volunteers who th•lr tlmÈ and talents throughout the week. We are so 8ratefvl foi the teams that we have. Looklni forward, as we contlnue to yow. we are looklng Into 8rants to help tacllltste Improvements to our upstsSrs communlty space and we have now Increased seatln8 t•paclty In the maln churth audltorlum to 246 whkh Is our m•xlmum number of seatlng walloble In that room. We are very thankfvl for the Ilnanclal support * regularfy recefve fffjm our churth con8re8•tlon. FINANCIAL REVIEW Overvlew Ttr￿ Statement of Flnanclal ArtfvStles show an Income of £314.032 (UII,768 . 20231 and expendlture of £242,387 {£260,486 . 20231 resultln8 In a surplus for the year of £71,645 1 É51.282 . 20231. Funds Increased over the year from £527,581 a5 at 31st Decernber 2023 to £599,226 at the balance sheet date, represented by: Unrestrlcted funds Restrlrted funds £537,434 £61.792 STRucfuRE. GOVERNANCE AND MANAGEMENT Gove¢nln8 documert The charlty Is controlled by Its governln8 documenL • deed of trust and constltutes an unlncorporated tharlty. REFERENCE AND ADMINISTRATIVE fKTAILS Re8lstered Ch•rlty number 1052518 Prlnclpal address Klngsway Church Hlgh Street Womboume West Mldlands WV5 9DN Pa8e I

Klrway Church Wombourne TNstees' Report forthe Year Ended 31 Ottember 2024 Trustee$ J H Prfce (Assodate Pastor) P A Freeman {Elderl S T Revltt {Elder) Mrsj Eagleton (Treasurerl Mrs D Chamberlain (Pastor) Independent Examlner Colln Dalton FCA Dalton Pardoe Limlted Chartered Accountants 794 High Street Klngswlnford West Mldlands DY6 8BQ GOING CONCERN The Trustees conslder that the charlty remalns vlable for the year ahead. Approved by order of the board of trustees on 30 September 2025 and slgned on Its behalf bv: S T RevStt IElderl-Trustee Page 2

Independent Examiner's Report to the TTUStees of Kingsway Church Wombourne Independent examiner's report to the trustees of King5way Church Wornboume I report to the charity trustees on my examlnation of the accounts of Klngsway Church Wombourne (the Trust) for the year ended 31 December 2024. Responsibilities and b3515 of report As the charity trustee5 of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Chafilies Act 20111'the Act'l. I report in respect of my examlnatlon of the Trust's accounts carrled out under Sectlon 145 of the Act and in carryin8 Out my examlnation I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner'5 Statement Since your charity's gross income exceeded £250.OCiI your examiner must be a member of a listed body. I can confirm that l am quallfied to undertake the examlnation because l am a member of the Institute of Chartered Accountants in England and Wales, whlch is one of the listed bodies. I have completed my examlnation. I confirm that no material matter5 have come to my attention In connection with the examination £lvln8 me cause to believe that in any material respect: accountlng records were not kept In respect of the Trust as fequlred by Section 130 of the Act- or the accounls do not accord with those records.. or the account5 do not comply with the applicable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which Is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the exarninatlon to whlch attention should be drawn In this report in older to enable a proper understanding of the accounts to be reached. Colin Dalton FCA The Institute of Chartered Accountants In England and Wales Dalton Pardoe Llmlted Chartered Accountant5 794 High Street Klngswlnford West Midlands OY6 88Q Date.. Page 3

In8sway Chur¢h Wombourne for the Year Eruled 31 December 2024 3L1124 Total 3L12.23 Totsl fund5 Unrestrlrted fvnd Restrlcted funds INCOME ANO ENDOWMEfiTS FROM Donallons and legacles 68.910 311042 309,917 Other tradln8 actfvltles Investment income 1,387 516 L149 Totsl 314.032 311,768 EXPENDITURE ON Charltable actlvltles Expendlture 53326 22¥952 239,463 Other 20N35 20A35 21,023 Totsl S3326 241387 260,486 NET INCOME Translers between fvnds 16217 7L645 51,282 16 12A351 Net movement In funds 52A93 7L645 51.282 RECONCIUATION OF FUNDS Totsl fvnds bmught forward 42.740 527581 476.299 TOTAL FU14DS CARRIED FORWARD 537N34 61.792 599226 527.581 The notes fonn part of t￿￿ flnandal ststements Page 4

31 Oecember 2024 3LIL24 31.12.23 Totsl funds Unre5trlcted Restrkted fund lunds Notes FIXED A55ETS Tan8lble assets 743Jl39 743m9 744,713 CURRENT ASSETS Debtors Cash at bank io li 15.568 124,972 17,014 87,109 61,792 748 61.792 140 104.123 CREDITORS Amounts falllng due wlthln one year 12 112,4391 (12,359) NET CURRENT ASSETS 61.792 91,764 TOTAL ASSETS LESS CURRENT UABILMES 61792 8712110 836,477 CREDITORS Amounts fallln8 due after more than one yeir 13 1271974) (271J741 1308,896) 537A34 61.792 599226 527,581 FUNDS Unrestrlcted fvftd$: General fund Re5trlcted funds: 6ulldlng fund Food bank Tranqulllty New Horlions Nomlnated Funds Hollday Club Coffee Lounge 16 537834 484,841 9,968 4,122 L156 42.717 33.610 859 518 61.792 42,740 TOTAL FUNDS 599.226 527,581 The flnènclal staternents were approved by the Board ofTrustees and authorlsed for Issue on 30 Septernber 2025 Ind were s18ned on Its behall by: J Eagleton ITieasurer). Trustee The notes form part of these financlal ststements Page 5

Klwway Churth WomlM)vme for the Year Ended 31 DKember 2024 ACCOUMnN6 pouaES Basls of preparlry the Ilnandal ststements The finantlal statements of the charlty, whkh Is a pubfk benefft entlty under FRS 102, have been prepared In accordance with the Charitles SORP (FRS 1021 'Accountlng and Rewrtin8 by CharltEes: Statement of Recommended Practlce applicable to charlties preparlng thelr accounts In accordance wlth the FinatKlal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) {effectfve i January 2019}'. Financhl Reporting Standard 102 Yhe Flnanclal Reportlng Standard applIcab￿ Sn the UK and Republic of Ireland, and the Charlties Att 2011. The financial statements have been prepared under the historical cost conventS0n. Income All income 15 recogntsed In the Statement of FlnandalActi¥I￿ once the charlty ha5 entltlement to the funds. It Is probable that the Income wlll be recelved and the anK)unt can be measured relkbty. Exp￿It￿re Liabilitles are recognlsed ￿ expendItU￿ as soon as there is a kEal or construth obllzatlon mmmlttlng the tharlty to that expendlture. bt Is probable that a transfer of econom benefits wlll be requlred In settlement and the amount of the obllgatlon can be measured iellabty. Expendlture Is accounted for on an accruals basss and has been classlfled under headlngs that agg￿gate all cost related to the category. Whewe costs cannot be dlrectiy attrlbuted to partkular headlng5 they have been allocated to actlvlttes on a basls conslstent wlth the use of resourcek Grants offued subject to condltlons whlth have Mt been met at the yeaf end date a￿ rK>ted as a commltment but not accrued as expendltuie. Tan8lble fixed a55ets Depreclatlon Is provEded at the followlng annual rntes in orderto write off each asset over Its estlmated useful Ilfe. Freehold property Flxtures and fittin8S not provided 20% on reducEng balan No deprecktlon Is provlded on freehold property as. In the oplnlon of the trustees there has been an increase In the value between the date of purthase and the balance sheet date. Taxatlon The charityls exernpt from tsx on Its chorltsble actlvltk5. Fund Jccountlnz Unrestricted fvnd5 can be used in accordan￿ with the charltable obiertiwes at the dIsc￿tIon of the trustees. ftestr￿ted funds can only be used for particular restri￿ purposes within the objects of the charlty. RestrKtions arise ￿then spedfied by the donor orwhen fvnds are rnlsed for partKular reslrlrted purposes. Donated goods These a￿ only InC￿ded In Incomlng ￿sOUrceS wlth an equfvalent amount In re￿￿r￿ expended where the beneflt to the Charlty ts reasonabty quantlnable, measurable and material. Page 6 continued...

Klwway Church wom1￿urne Notes to the Flnanclal Ststements- contlnued for the Year Ended 31 December 2024 DONATIONS AND LEGAaE5 31.12.24 Total funds 31.12.23 Totsl funds Unrestrlrted funds Restrlcted funds Planned glvlng Offerlngs Glft ald tsx recelpts Other gbfts and donatlons 1,646 21,998 43,342 36.146 141,646 21,998 43.342 105.056 132,021 20,481 42,857 114.558 68.910 243.132 68,910 312.04Z 309.917 OThER TRAOING AcrivmES 31.12.24 rotal funds 31.12.23 Total funds Unrestrlcted funds Restrlcted fvnds Other sundry Income 1,387 INVESTMENT INCOME 31.12.24 Total fundi 31.12.23 Total fund5 Unrestrlcted funds Restrlcted funds Deposlt account Interest 516 633 1,149 464 OTHER 31.12.24 T¢)tal fund$ 31.12.23 Total fvnds Unr¢strl(ted funds Restrlcted funds Interest payable and slmllar chJr8es Support costs 19,535 900 19.535 20,203 820 ZOA35 20835 21,023 TrUSTeES' REMVNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. No Trustee recefved remuneratlon for elther 2024 or 2023 TnbSte¢s' expenses There were no trustees, expenses pald for the yearended 31 December 2024 nor foi the year ended 31 December 2023. Page 7 contlnued...

Klrysway Chuvth Wombourfte Notes to the FSn•ndal Statements. ¢ontlnu¢d forthe Year Ended 31 Decernber 2024 STAFF COSTS 31.1124 31.12.23 Wa8es and salarles 85.265 73,674 85.265 73,674 The average monthty number of emPkn￿ dUrf￿ the year wa5 as follows: 3L12.24 31.12.23 Admlnlstraiion No emptoyees recelved emo1u￿nts In excess of É60,(M)O. COMPARATIVES FOR IHE sfATEMENT OF FINANCJAL AcnvmES Unrestrlcted fund Restthd funds Totsl fvnds INCOME AND ENDOWMENTS FROM Donatlons and legacles 200,789 109,128 309,917 Other tradlnl actlvltles Investment Income 1.387 245 1,387 464 219 Totsl 202.421 109.347 311,768 ExpeNDITURE ON Charltable ac¢l¥ltle$ Expendlture 145,594 93,869 239,463 Other 21,023 21,023 Totsl 166,617 93,869 260.486 INCOME 35.804 15.478 51,282 RECONauATION OF FUt4DS Total funds brought fonvard 449,037 27,262 476,299 TOTAL FUNDS CARRIED FORWARD 484.841 42,740 527,581 PaBe 8 contlnued...

KlnBsw•y Church Womboume Notes to the Hnandal Statements. ¢ontlnued for the Year Ended 31 Decernber 2024 TANGIBLE FIXED ASSETS Flxtures and tlttlngs Freehold property Totals COST At ljanuary 2024 and 31 December 2024 736,647 19,692 756,339 DEPRECIATION At l January 2024 Charge for year 11,626 1,614 11,626 1,614 At 31 December 2024 13,240 13,240 Nrf BOOK VALUE At 31 December 2024 736.647 6.452 743,099 At 31 December 2023 736,647 8,066 744.713 OEBTORS: AMOUNTS FAWNG DUE WIThIN ONE YEAR 31.12,24 31.12.23 Glft ald tsx recelvable 15.568 17,014 ii. CASH AT BANK General fund Bulldlnl fund Food ￿n￿ Tranqulllty Bank current account Bank deposlt account 21,915 41,265 5,444 9,968 1.482 Totsl 63,180 5,444 9,968 1,482 31.12.24 Total funds 31.12.23 Total fvnds New Horlzon5 Nomlnated Funds Coffee Lounge Bank current account Bank deposlt account 1,322 12,717 30,000 859 53.707 71,265 58,401 28,708 Totsl 1.322 42,717 859 124,9n 87,109 Page 9 continued...

KIng5w￿ Clwrch Wombourne Notesto the Fln¥nclal Statements- contlrbued for the Year Énded 31 December 2024 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1224 31.12.23 Bank loans and overdrafts Isee note 141 Accrued expenses 7.539 4,900 7,539 4,820 12A39 12,359 CREDITORS; AMOUNTS FALLING DUE AFTER MORE ThAN ONE YEAR 31,1224 31.12.23 Bank loans (see note 141 271.974 308.896 LOANS An anatysls of the maturlty of loans 1$ 85ven below: 31.12.24 31.12.23 Amounts fallSTrB due wlthln one year on demand: Bank loans 7.539 7,539 Amounts falllng between one and two years: Bank loans- 1-2 years 7,539 7,539 Amounts f8lllnB due between two and flve years: Bank loans. 2.5 years 22.617 22,617 Amounts falllnB due In more than flv• years: Repayable by Instalments., Bank loans more 5 yr by Instal 2410 278,740 SECURED DEBTS The followlng securèd debts are Included wlthln credttors: 31.1224 31.12.23 Bank lo•ns 279.513 316,435 The bank loan from Klngdom Bank Is secured over the Freehold Pmperty. Page 10 contlnued...

Notes to the Flnandal Ststen*nts. conilnued for the Year Ended 31 December 2024 16. MOVEMENT IN FUNDS Net movement In fvnds Transfers between funds At 31.12.24 At 1.1.24 Unre5tr1cted funds General fund 484•1 55M28 537N34 Restrfcted funds Bulldlng fund Food bank Tranquility New Hof120ns Nominated Funds Hollday Club Coffee Loun8e 3,759 9.968 IM82 1322 41717 326 33.610 6￿7 518 341 859 42.740 16217 2I35 61.792 TOTAL FUNDS 527yI 71￿5 599.226 Net movement In ￿nds, induded in the above are as folbws: Incomlng resources Resources expended Movernent In fvnds Unresirfrted fund5 General fvnd 244889 I￿9,061) 55h28 Restrfcted funds Bulldlng fund Food bank Tranqullity New Hortsons Nomlnated Fund5 Coffee Lounge 3,759 4I46 326 338 &607 341 liJ78 17.1321 417 48.749 1.711 (42.1421 11.3701 (53,326) 16217 TOTAL FUNDS 314,032 1242.387) 71,645 Pa8e li ontlnued...

Notes to tho Flnandal Stateme￿. contlnued forthe Year Ended 31 December 2024 16. MOVEMENT IN FUNDS. umtlmied COMP￿lIVes for movement In fvndl Net moveffnt In funds At 31.12.23 At 1.1.23 Vnyesirlcied funds General fund 449.037 35,804 484,841 R•rtrl¢t•d fvnds Bulldlng fvnd Food bank Tranqulllty New Horlzons Nomlnated Funds Hollday Club Coffee Loun8e {7,715) {1,103) (9.585) L685 4,122 1,156 5.225 10,741 894 1,002 32,608 665 518 33,610 665 518 27.262 15,478 42,740 TOTAL FUNDS 476,299 51,282 527,581 Cornparat5ve net movernent In fvnds, Included In the aboh are as follows: Incomlng resources Resources expended Movement In funds Unrestrfrted funds General fund 202.421 1166,6171 35,804 Restrlcted funds Bulldlng fund Food bank Tranqulllty New Horl2ons Nomlnated Funds Thrfve Sumrnei Camp Hollday Club Coffee Lounge 48,286 {S6.th)11 16.0091 {13,1311 {2441 {14,6391 13.5501 17,715) 11,103) 19,585) 90 32,608 3,546 334 47,247 3￿50 665 813 665 518 {2951 109,347 193.869) 15.478 TOTAL FUNDS 311,768 1260,486} 51,282 Page 12 contlnued...

forthe Ye¥r Ended 31 Deceffl￿ 2024 17. RELATED PARTY DISCLOSURES There were no retstsd party trdnsactk+ns for the ￿arerrfled 31 De￿fflber 2024. ULTIMATE CONTROWNG PARTY The charfty Is controlled by the tnstees. dge 13

Klngsway Church Wombourne Detalled Statement of Flnanclal Actlvltles lor the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds UnrÈstrlcted fvnds Restrlcted funds INCOME AND ENDOWMENTS Donatlons and legacles Planned glvln8 Offerlngs Glft ald tax recelpts Other glfts and donatlons 14L646 21,998 43,342 36,146 141.646 21,998 43,342 105fv56 132,021 20,481 42,857 114,$58 68,910 243,132 68,910 312M42 309,917 Othertradln8 acElvltks Other sundry Sncome 1,387 Inv•stm•nt Income Deposbt account Interest 516 63J 1,149 464 Tot•1 Inwmln8 rnsoyrces 244 69,543 314A132 311,768 EXPENDITURE Ch•rltsble artlvltles Wa8es Rates and water Insurance Llght and heat Telephone Flxed runnln8 costs Repalrs and malnten4nce Pastoral expenses Caterln8 and cleanlnl Health and safety Small groups Worshlp Chlldren & youth Communlty Food bank New horlions Nomlnated fund expendlture Tranqulllty fund expendbture Thrlve summer camp expendlture Coffee lounge expendlture DeP￿latIOn of tanllble flxed assets Overseas mlsslons 8S.26S 517 1699 io.iio IA58 7h38 5,667 8,169 4,387 5A95 85265 517 2.699 ,iio IN58 7038 5106 8,169 4J87 5895 73,674 455 1,029 12,769 1.185 6,875 60,610 5,130 4,576 8,317 17 2.361 7,464 1,363 6,009 244 14,639 13.131 3,550 295 2,016 13.754 139 2A65 10.329 &803 2N65 10329 IA03 7,132 7,132 41142 2,464 42,142 2A64 1370 lJ70 1.614 20.737 1.614 20.737 168.626 $3.326 221052 239,463 Other Bank loan Interest 19,535 I9￿35 20.203 Thls page does not form part of the statutory financlal ststements Page 14

Klngsway Church Wombourne Detalled Ststement of Flnandal Actlvltles for the Year Ended 31 December 2024 31.12,24 Totsl funds 31.12.23 Total funds Unre5trlcted funds Restrlcted funds Support costs Governance ¢0sts Independent examlners fee 900 900 820 Total resources Èxpended 189.061 53326 242A87 260,486 Net Inmme 55N28 16217 71.645 51,282 Thls page does not form part of the statutory flnanclal ststements Page 15