CHARITY REGISTRATION NUMBER: 1065048
Kingsway Christian Fellowship
Unaudited Financial Statements
31 December 2024
MATTOCKS GRINDLEY
Chartered Accountants
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OVIN

Kingsway Christian Fellowship
Financial Ststements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examinerfs report to the trustees
11
Statement of financial activities
12
Statement of financial position
13
Notes to the financial statements
14
The following pages do not form part of the financial ststements
Detailed statement of financial activities
24
Notes to the detailed statement of financial activities
25

Kingsway Christian Fellowship
Trustees. Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial ststements of the charity for the year ended
31 December 2024.
Refe￿nce and administrative detalls
Registered charity name
Kingsway Christian Fellowship
Charity registration number
1065048
Prfnclpal offlce
KingsvRy Christian Centre
Church Road
Waterloo
Liverpool
L22 SNA
The trustees
R A Ferns
P S Bentley
C Alexandrou
A J Edward
S E Collins
A M Martin
(Appointed 30 January 2025)
(Appointed 25 February 2025)
(Appointed 02 March 2025)
(Retired 27 January 2025)
Independent examlner
Mr G Mattocks FCA
18 Mulberry Avenue
Turnstone Business Park
Wdnes
Cheshire
WA8 OWN

Kingsway Christian Fellowship
Trustees, Annual Report {¢ontinued)
Year ended 31 December 2024
Structure, governance and management
Kingsway Christian Fellowship was registered as a Charity with the Charities Commissioners on 26
June 1980 and its registration number is 1065048.
The Fellowship is domiciled at Kingsway Christian Centre, Church Road, Waterloo, Liverpool L22 SNA,
which is the registered address. The Fellowship is a charitable trust - the governing document being the
Trust Deed dated 26 June 1980, as amended by subsequent deeds. The current Trustees are Mrs
Rosemary Anne Fems and Mr P.S. Bentley who were appointed by the Elders.
The Trustees play an active and supportive role in ensuring the Church's expressed aims and objectives
are advanced and properly resourced. Effective monitoring safeguards are in place to ensure the church
finances are protected from fraudulent misuse and inappropriate allocation. A Safeguarding Policy is
also in place and regularly reviewed in accordan￿ with appropriate legislation. Procedures are in place
to assist with safer recruitment., appropriate persons are appointed to deal with issues arising relating to
allegations or concerns about behaviour toward children, young people or vulnerable adults.
Appropriate and up to date safeguarding training is provided for those involved in ministry.
The Trust's bankers are HSBC Bank plc, 197 Stanley Road, Bootle, Merseyside L20 3DX' and the
accountants are Mattocks Grindley, Chartered Accountants, 18 Mulberry Avenue, Tumstone Business
Park, Widnes, Cheshire WA8 OVIJN.

Kingsway Christian Fellowship
Trustees. Annual Report (contlnu•d)
Year ended 31 December 2024
Objectives and activities
Advancement of Christian belief and knowledge, to make Jesus Christ known to every man, woman,
and child in the community, to build the Kingdom of God. All the Church's activities and effort are
developed towards those ends and to provide a general benefit to the community by reaching out in
love and generous giving.
Kindlers (Pre-school children)
The Kindlers ministry operates each Sunday and provides a safe environment for pre-school children to
learn about God through play, drama, craft. music, and interactive storytelling. Parents are heavily
involved in this group and enjoy fellowship with one another and develop friendships and wider support
networks for their young families. We have had several new youngsters join in and some moving up to
Kids church this year. Following the Pandemic the decision was made to keep three of the older children
in this group to help them develop their social skills, therefore no children were moved into the Kids
Church 1 Group.
Kids Church (Reception to year 3
Kids church is a ministry that operates each Sunday providing children of primary school age with a safe
environment to play, create and learn about God. The sessions engage the children with craft, music,
digrtal media, storytelling, and high-energy games. The children develop strong social bonds with each
other and really look forward to taking part in this group each week. We have had some new volunteers
join the Kids Church team this year.
Klds Church 2 (Year 4 to year 6)
Kids Church 2 operates each Sunday providing children with opportunities to learn about God. The
sessions engage the children wth craft, music, digital media, storytelling, and high-energy games, which
encourage them to rjevelop friendships. A number of children moved up into Youth Church.
Klds Small Group
KSG is a Small Group to help our kids grow in their walk wf(h Jesus. A safe place for them to be
themselves around others who know and love them. They are encouraged to love like Jesus loved
through kind words and actions and enjoy each other's company through games and activities. Loving
God together through looking at the bible, worship and praying for one another. KSG is currentiy for
children of church families but may be opened up to the community at some point in the future.
Youth Church (Secondary school age children)
Youth church is held each Sunday for secondary school age young people. It helps them to develop
both socially and spiritually. The topics taught and discussed are aimed specifically at issues that young
people in the modern world face.
Youth Group (Secondary school aged chlldren)
Youth Group is held on a Friday evening during school tem times. It's a fun time of sports, games and
crafts in an environment designed to encourage friendships. Sessions are rounded off with a Devo - a
short age specific devotional.
Ministry to Marriage

Kingsway Christian Fellowship
Trustees. Annual Report leontlnu•d)
Year ended 31 December 2024
The Ministry to Marriage supports married couples and families in the church and our community,
together with those preparing for ma￿lage.
The 'Marriage Sessions, course is for Couples who have been married for years or newlyweds. The
course provides the opportunity to invest in and enrich their marriage relationship. The course provides
a concise and comprehensive approach to four key factors in marriage..
Cherish- keeping love alive.. Connect - all about communication.. Collaborate - dealing with conflict=
Commit- choosing to love when things get tough.
For those preparing for marriage we continue to use 'The Pre-marriage Course" produced by Alpha
International which covers 5 key areas including..
Leaming to Communicate
Resolving Conflict
Commitment in marriage
Connection, discovering each other's needs
Adventure - the opportunity and challenges of married life
We celebrated the Ma￿lageS of Tom & Hannah Alexandrou and Leigh and Hannah Hancox.

Kingsway Christian Fellowship
Trustees. Annual Report (continued)
Year ended 31 December 2024
Objectives and activitles (continued)
Age Well
The Age Well Group meets every Friday and was developed to enhance the well-being of its members
through Fellowship, fun & mutual support...Spirit, Soul & Body.
The group consists of mature members from Kingsway who have a well of experience and wisdom
which we tap into, in order to look to the future with a positive and purposeful outlook.
We all face challenges, at every season of life, and hope to help and support each other on the journey
whether through bereavement, isolation, caring responsibilities, or chronic physicallmental heallh
issues.
The Group has elements of a typical small group (with added extraslj. We come together, with a cuppa,
and as family, we move on to Bible study, worship, prayer, quizzes and games before ending each
session with lunch. Due to the nature and format of the group., maintaining intimacy and trust- creating
a Dementia Friendly environment.
"Even to your old age and grey hairs l am He who will sustain you. I have made you and I will carry
you- I will sustain you and I will rescue you.
Isaiah 46.4
Our aim is to continue to grow in the knowledge and love of God through sharing our lives and from a
vital connection with Jesus and each other. Over the past year or so some of the members have
experienced heatth difficulties and bereavement that have been challenges to themselves and their
families. We have supported each other with prayer and on-going 'connection'. The group continues to
develop in our relationship with Jesus and each other and there is a growing Confidence in our love for
each other and our vital position in the Body of Christ.
Waterloo Ststion Team
On 24th November 2010 Kingsway adopted Waterlco Station, providing flower displays and maintaining
these throughout the year. A team of volunteers continues to maintain the displays and pray for the
safety and wellbeing of travellers who pass through this gateway and for station staff. From time to time
there is opportunity to engage in conversation with travelling commuters as they comment on the
displays.
Wendy Wilcox
Llttle Angels Toddler Group
The toddler group is a community group for children ranging in age from new-born babies up to 4 years
old who attend with their parent or carer. The group is staffed by volunteers both from the church and
from the community.
The group operates on a Tuesday and INednesday morning during term time only and is attended by
on average around 60 children and their adult carers each week.
The children are able to play with a large range of toys and equipment and can take part in a craft activity
which they can then take home with them. During the session the children are provided with a snack
and a drink which they have either sitting at the tables or in the highchairs. Sitting together and sharing
helps with their social development. Towards the end ofeach session there is a song time with a mix of
both secular and Christian children's action songs
Sue Thompson
The 65+ Group
We are a group of about 18 - 22 people that meet once a Month.
We come together to meet with God and share his goodness with each other. We meet with God

Kingsway Christian Fellowship
Trustees, Annual Report (continued)
Year ended 31 December 2024
Objectlves and actlvltles (¢ontinu•d)
through prayer, praise, and worship, and listen to vthat he wants to say to us. We support and help each
other in many different ways, both inside and outside of the meeting.
Eddie Rainger
Pastoral Visltlng Team
The pastoral team visits those who are elderly, sick, isolated, or housebound ensuring they are included
in the life of the Fellowship. The pastoral team continues to offer friendship, help with practical needs
as well as mutual encouragement and spiritual growth.
Alpha
The Apha Course is an 11-week course introducing the basics of the Christian faith through a series of
talks. The course gives people with little or no knowledge of Christianity the chance to explore the
meaning of life in an atmosphere of friendship, and with food. The Alpha Course is created to outline
core principles of Christian faith that all denominations agree on.
Freedom In Chrlst Course {FlC)
FIC is a 10-week course and with an away day to help people find freedom from spiritual issues that
might be holding them back.
The course facilitates effective discipleship in a straighfforward way using sound biblical teaching to
help people to take hold of the truth of exactly what happened when they became a Christian, resolve
personal and spiritual issues and to make following Jesus a way of life.
Café @ Klngsway
Renew Café Kingsway launched its Renew Café in 2023, which subsequently has been renamed 'Café
@ Kingsway. The vision was for a friendly place where people can come into a warm space during the
winter months and find friendship all year round.
The Café provides free refreshments for anyone in the community, along with an opportunity to engage
in an activity, such as, playing cards and board games, a craft, jigsaw puzzle or simply coming for a
chat and a cuppa.
Wider Involvement
Prayer
Prayer is at the heart of all that we do as a church. Regular prayer meetings take place on Sunday
momings and an evening meeting on the First Sunday in the month along with seasons of prayer and
prayer times during small group meetings and various other activities during the week. Prayer powerfully
impacts the life of the church and its mission.
Kingsway together with the 'lnternational Christian Embassy Jerusalem, (ICEJ) and 'Prayer for Israel,
started to host a fortnightly regional prayer meeting for Israel and the region following the attack on
Israel by Hamas terrorists on 7th October 2023. People continue to gather for prayer and intercession
for the release of the hostages, an end to Hamas and the war along with wider peace in the region.
We have continued to pray into the church vision to Reach our community with the 'Good News, of Jesus
Christ, to see Broken lives restored and to see the body of Christ built up and Refreshed. We also pray
for God to breakthrough in many ways such as in healings, relationships, family, employment, ministry
and in many other areas.
Online prayer makes it possible to continue to join national and intemational prayer initiatives such as

Kingsway Christian Fellowship
Trustees. Annual Report (continued)
Year ended 31 December 2024
Objectives and actlvltles (Continued)
daily prayer meetings for Israel the ongoing conflict, the ICEJ "Rosh Chodesh prayer initiative and
others.
The VVhatsApp prdyer initiative now called the "Prayerforce" has continued to grow, and the group has
supported, in prayer, those in the church and many others known by church members as they recover
from sickness, undergo medical treatment or have other prayer needs.
Our Zoom prayer meeting each Thursday has continued since th@ Covid outbreak and has met weekly
since 2020.
Together for the Harvest (TFH)
TFH is an association of churches working together to present the good news of Jesus Christ to every
man, woman, and child in the Merseyside region. As an active member of TFH Kingsway shares its aim
that by working together and mobilising Christians to action, a positive difference can be made in our
communities bringing both spiritual and social transformation to our region. This aim is achieved through
unity amongst leaders and churches in the region by prayer and mobilising Christians to express the
love of God in both words and action. Kingsway continues to draw local leaders in the North Mersey
Region togethef for Regional TFH prayer meetings as well as involvement in the wider initiatives across
Merseyside.

Kingsway Christian Fellowship
Trustees, Annual Report (continued)
Year ended 31 December 2024
Achievements and performance
It has been a real blessing to see people coming to faith in Jesus and connecting into the life of the
church. The foundations course introduced to help new believers become rooted and established in the
faith has been a great success.
The church weekend away was a highlight of the year with approximately 90 people spending a
weekend together in October at Cloverley Hall Christian conferen￿ Centre in Shropshire. The weekend
was a great success bringing people together for a time of fun, friendship and true Christian Fellowship.
We celebrated the life of Dave Venners, who served as our lead Steward for many years and was well
loved by our Age Well Group, who often notice an empty chair where he would look out for people as
they arrived on Friday momings. Dave was much loved and appreciated for his faithful service over the
years and we are very grateful for his contribution.
Kingsway hosted the 20th Anniversary of the 'Meeting With Miracles, ministry which founded by Paul
Duckworth. People gathered from across the UK and beyond to show their support and recognise the
global impact the ministry has had.
The vision for Kingsway continues to develop wth a focus on our call to be a 'House of Prayer, and a
true retlection of Christ, as his body, on earth. We long for every man, woman, and child to both hear
and see in action the good news message of God's great love and mercy.
Kingsway is a thriving community of Christians who love God, love one another and who reach out to
others with the love of God. Central to our vision, our small groups help people to grow in the Christian
faith as discipSes of Jesus Christ.
We gather in many contexts wth purpose., to pray, to study the Bible and apply it to daily life, to develop
friendship, to support one another in the ups and downs of life, eat together, provide opportunities for
spiritual growth and for serving others both inside and outside the groups. Vlfften people connect into
the life of the church, they are made to feel welcome and valued. It is our corrtinued aim to encourage
one another lo be wholehearted disciples of Jesus.
We are blessed to be part of God's family which demonstrates love for God and one another as part of
everyday lrfe together. We continue to value the need for a personal walk with God that bears fruit in
family, workplaces, neighbourhoods, andthe widerworld. As itsays in Romans 12=5, we are'individually
members of one another."
Kingsway is a community that cares for one another demonstrating God's love in word and deed.
In the coming year we will continue to demonstrate and proclaim the love of God, seek to strengthen
families, pray for renewed hearts and for transformed lives. We see this happening as we continue to
pray and humble ourselves before God, offering our lives to him in total surrender, using our given gifts
and talents for the purpose God intended in our lives.
Blessings
Rob Payet, Pastor
Flnancial revlew
The Financial result of the period under review shows a deficit of £25,891 which is in line with
expectations.

Kingsway Christian Fellowship
Trustees. Annual Report (¢ontinue41)
Year ended 31 December 2024
Plans for future period8
Kingsway will seek to be an influence for good in our Iccal community and beyond as we live authentic
lives as disciples ofthe Lord Jesus Christ. We will endeavour to be fully devoted, wholehearted disciples
of the Lord Jesus Christ to bring positive transformation in our homes, communities, workplaces, with
family and friends and to the world.
Kingsway will continue to listen and respond to the call of God in the coming season. We recognise that
it is God who builds His church as we surrender to His will both corporately and as individuals. Prayer
remains central to our call and ministry along with a commitment to deepening relationships and
connectedness as a body.
We will work to encourage our children and young people, support and care for our older generation
and provide opportunities for all those who love the Lord Jesus to serve Him as reach out to our
communities and beyond with the love of God in the power of the Holy Spirit, with expressions of
generosity and unashamed faithfulness to the gospel message.
We will continue to develop wder ministry and service to bring transformation and hope to the
community. We will continue to focus on the three key areas of the vision to- Reach the lost, Restore
the broken and Refresh believers.
We will work closely with other local churches and through the Together for the Harvest, ne￿Ork of
churches take forward the vision to help every man, woman and child hear the good news about Jesus.
We will continue to build on the success of our Small Groups, in all it's expressions, aiming to have
maximum engagement of the church in fellowship and reaching out to the wider community.
We will continue to develop our worship ministry team and expressions of worship in the church.
We will continue to engage with those who have little or no experience of church, encouraging
connectedness in relationships, opportunities for people to share their faith story and build strong
community and fostering a discipleship culture.
We will Introdu￿ regular seasons of worship and fun activities giving plenty of opportunities to invite the
wider community to join in.
We will equip our church congregation to become more fluent and confident to share their faith story
with others and to be encouraged to reach out to those who have not yet found faith in Jesus.
We will explore new ministry opportunities and develop existing ministries where appropriate, to help
with the spiritual, practical, and emotional needs of those in our community.
Publlc beneflt
Kingsway continues to provide voluntary services that make a considerable contribution to the
community and a significant public benefit.
All the services highlighted in this report are open to the public, as are Sunday worship seniices. The
church building has also been made available for elections and for use by other local agencies.

Kingsway Christian Fellowship
Trustees. Annual Report (¢ontlnued)
Year ended 31 December 2024
The trustees, annual report was approved on
trustees by..
and signed on behalf of the board of
R A Ferns
Trustee
P S Bentley
Trustee
10

Kingsway Christian Fellowship
Independent EXamine￿S Report to the Trustees of Kingsway Christian
Fellowship
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Kingsway Christian Fellowship
(Yhe charity,) for the year ended 31 December 2024.
Responsibilltles and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial statements do not accord with those records,. or
the financial statements do not comply with the applicable requirements concerning the fonn
and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a Irue and fairf 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 examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mr G Mattocks FCA
Independent Examiner
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OWN
2Af[Ls-
11

Kingsway Christian Fellowship
Statement of Financial Activities
Year ended 31 December 2024
2024
,Restricted
funds Total funds Totsl funds
2023
Unrestrtcted
funds
Nots
Income and endowments
Donations and legacies
Charitable activities
Investment income
other income
111,677
10,496
1.243
22,463
111,677
10,496
1,243
22,463
145.879
125,207
750
987
18,648
Total Income
145,879
145,592
Expenditure
Expenditure on charitable activities
Total 8xpendlture
169,176
2,638
2,638
171,814
171,814
147,350
147,350
169,178
Net gains on investments
11
89
Net expenditure
{23,253)
(2,638)
(25,8911
(1,669)
Transfers between funds
(493)
493
Net movement in funds
{23,746)
(2,145)
125,891)
(1,669)
Reconcillatlon of funds
Total ftjnds brought fO￿ard
Total funds carried fornard
458,063
2,217
460,280
461,949
434,317
72
434,389
460,280
The ststement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 14 to 22 forn) part of these financial statements.
12

Kingsway Christian Fellowship
ststement of Financial Position
31 December 2024
2024
2023
Not•
Fixed assets
Tangible fixed assets
Investments
16
17
378,628
409
388,980
365
379,037
389,345
Current assets
Debtors
Cash at bank and in hand
18
979
58,858
1,029
73,661
59,837
74,690
Credltors: amounts falllng due wlthln one year
Net current assets
19
4,485
3,755
55.352
70,935
460,280
Total assets less current liabilities
434,389
Net assets
434,389
460,280
Funds of the charlty
Restricted funds
Unrestricted funds
72
434,317
2,217
458,063
Totsl charlty funds
21
434,389
460,280
These financial statements were approved by the board of trustees and aLrthorised for issue on
and are signed on behalf of the board by..
R A Ferns
Trustee
P S Bentley
Trustee
The notss on pages 14 to 22 fonn part of these financial statsmonts.
13

Kingsway Christian Fellowship
Notes to the Financial Ststements
Year ended 31 December 2024
General Infom)atlon
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal Offi￿ is Kingsway Christian Centre, Church Road,
Waterloo, Liverpool, L22 SNA.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)) and the Charities Act 2011.
Accountlng pollcles
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
ture events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted fijnds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of ￿ sub-classes.. restricted income fijnds or endowment
funds.
14

Kingsway Christian Fellowship
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policies (contlnuodj
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings ofthe statement of financial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aim5 for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tanglble assets
All fixed assets are initially recorded at cost.
15

Kingsway Christian Fellowship
Notes to the Financial Statements (contlnu8d)
Year ended 31 December 2024
Accounting policies (contlnu4d)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows..
Property
Fixtures & Fittings
Equipment
2% reducing balance
250h reducing balance
25% reducing balance
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit
or loss.
Impaimient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Mthere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the fLrture payments discounted at a market rate of interest
for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or re￿iVed and not discounted.
Where investments in shares or preference shares are publicly traded or their fair value can
otherwise be measured reliably, the investment is subsequently measured at fair value with
changes in fair value recognised in income and expenditure. All other such investments are
subsequently measured at cost less impairment.
Defined contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
Vthen contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in the
period in which it arises.
16

Kingsway Christian Fellowship
Notes to the Financial Ststements l¢onflnuedJ
Year ended 31 December 2024
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
Offerings
Donations
110,656
1,021
110,656
1,021
111.677
123,787
1,420
125,207
123.787
1,420
111,677
125,207
Charftable actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Centre Hire
Outreach Events
1,600
8,896
1,600
8,896
10,496
750
750
10,496
750
750
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
Dividends
1,228
15
1,228
15
976
11
976
1,243
1.243
987
987
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Gift Aid
22,463
22.463
18,648
18,648
17

Kingsway Christian Fellowship
Notes to the Financial Statements (continu•dJ
Year ended 31 December 2024
Expenditure on charitable actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct Charitable Activity
Support costs
167,151
2,025
169,176
2,638
169,789
2,025
171,814
2,638
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Direct Charitable Activity
Support costs
145,299
2,051
145,299
2,051
147,350
147,350
Expenditure on charltable actlvltles by activity type
Activities
undertaken
directly
Support Total funds
costs
2024
Total fvnd
2023
Direct Charitable Activity
Governance costs
169,789
169,789
2,025
171,814
145,299
2,051
2,025
2,025
169,789
147,350
10. Analysis of support costs
Analysis of
support costs Total 2024 Total 2023
Finance costs
Govemance costs
135
1,890
2,025
135
1,890
2,025
125
1,926
2,051
11. Net gains on Investments
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Gainsl(lossesl on listed investments
44
89
89
12. Net expenditure
Net expenditure is ststed after chargingllcrediting):
2024
2023
Depreciation of tangible fixed assets
10,352
11,440
18

Kingsway Christian Fellowship
Notes to the Financial Statements (continued)
Year ended 31 December 2024
13. Independent examlnation fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
1.890
1,926
14. Staff costs
The average head count of employees during the year was 4 (2023.. 4}.
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
15. Trustee remuneratlon and expenses
One trustee has been paid remuneration from employment with the charity.
Existing employee, Mr Peter Bentley, who became a Trustee on 8 June 2022, received a salary of
£23,070 for his position as Treasurer. Employer pension contributions of £666 were also made.
16. Tangible flxed assets
Land and Fixtures and
buildings
fittings
Equipment
Total
Cost
At 1 January 2024 and
31 December 2024
462,375
42,375
31,884
536,634
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
84,582
7,556
35,245
1,782
27,827
1,014
147,654
10,352
158,006
92,138
37,027
28,841
Carrylng amount
At 31 December 2024
370,237
5,348
3,043
378,628
At 31 December 2023
377,793
7,130
4,057
388,980
19

Kingsway Christian Fellowship
Notes to the Financial Ststements (conthued)
Year ended 31 December 2024
17. Investments
Listed
Investments
Cost orvaluatlon
At 1 January 2024
Additions
Fair value movements
365
At 31 December 2024
409
Impainnent
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
409
At 31 December 2023
365
All investments shown above are held at valuation.
Listed Investments
The aggregate market value of listed investments is £409 {2023'. £365).
Financial assets held at fair value
The listed investments consist of 111 Santander shares. The fair value is based on the share price
of £3.690 at 31 December 2024 (£3.290 at 31 December 2023}.
18. Debtors
2024
2023
Prepayments and accrued income
Other debtors
649
330
899
330
979
1,029
19. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
4,485
3,755
20. Pensions and other post retirement benefits
Deflned contrfbutlon plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £2,421 (2023.. £2,236).

Kingsway Christian Fellowship
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
21. Analysis of charitable funds
Unrestrlcted funds
At
1 Jan 2024
Gains and At 31 Dec
losses
2024
Income Expenditure
Transfers
Unrestricted Fund
458,063
145,879
(169,176)
(493)
44
434,317
At
1 Jan 2023
Gains and At 31 Dec
losses
2023
Income Expenditure
Transfers
Unrestricted Fund
460,474
145,592
(147,350)
{742)
89
458,C63
Restrlcted funds
At
1 Jan 2024
Gains and At 31 Dec
losses
2024
Income Expenditure
Transfers
Restricted Fund
2,217
(2,638>
493
72
At
1 Jan 2023
Gains and At 31 Dec
losses
2023
Income Expenditure
Transfers
Restricted Fund
1,475
742
2,217
The balance in the restricted ftjnd of £72 consists of the following..
At 31 Dec
2024
Musicians
72
At 31 Dec
2023
Musicians
Youth and Children
142
2,075
2,217
21

Kingsway Christian Fellowship
Notes to the Financial Statements (¢ontlftued)
Year ended 31 December 2024
22. AnaFysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
378,628
409
59,765
(4,485)
378,628
409
59,837
(4,4851
434.389
72
434,317
72
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Nat assets
388,980
365
72,473
(3,755)
458,063
388,980
365
74,690
(3,755)
460,280
2,217
2,217
23. Financial instruments
The charity currently holds no financial instruments.

Kingsway Christian Fellowship
Management Infomation
Year ended 31 December 2024
The following pages do not fomi part of the financial statements.
23

Kingsway Christian Fellowship
Detsiled Ststement of Flnanclal Activities (continued)
Year ended 31 December 2024
2024
2023
2024
2023
Income and endowments
Donations and legacies
Offerings
Donations
110,656
1,021
123,787
1,420
111,677
125,207
Charitable actlvltles
Centre Hire
Outreach Events
1,600
8,896
10,496
750
750
Investment Income
Bank interest receivable
Dividends
1,228
15
976
1,243
987
Other income
Gift Aid
22.463
18,648
Total Income
145,879
145,592
Expenditure
Expenditure on charltable actlvities
Wages and salaries
Employer's NIC
Pension costs
Rates and water
Repairs and maintenan
Insurance
Other motorltravel costs
Legal and professional fees
Telephone
Other office costs
Depreciation
Other interest payable and similar charges
OutreachlEventslConcerts
Donations, Missions & Subscriptions
Children & Youth
94,669
3,043
2,421
8,288
14,312
3.375
743
1,890
60
7,217
10,352
135
11,567
6,870
6.872
85,015
1,807
2,236
7,010
12,226
3,227
554
1,926
90
6,310
11,440
125
6,317
4,478
4,589
171,814
147,350
Total expenditure
Net gains on investments
Gainsl(lossesl on listed investments
89
Net expendlture
{25,891
(1,669)

Kingsway Christian Fellowship
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Expendlture on charltable activitles
Direct Charitable Activity
Activities undertaken direcdy
Wageslsalaries
Employer's NIC
Pension costs
Rates, water, light and heat
94,669
3.043
2,421
8,288
85.015
1,807
2,236
7,010
E li
Repairs & Maintenance
Insurance
Motorrtravel costs
Telephone
Sundry costs
Depreciation
OutreachlEventslConcerts
Donations, Missions & Subscriptions
Children & Youth
14,312
3,375
743
60
7.217
10.352
11.567
6,870
6,872
12,226
3,227
554
90
6,310
11,440
6,317
4,478
4,589
169,789
145,299
Governance costs
Governance costs - accountsncy fees
Bank Charges
1.890
135
1,926
125
2,025
2,051
Expenditure on charFtable activities
171,814
147,350
25