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2025-08-31-accounts

Registered number: 03404789 Charity number: 1065086

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1 - 2
Trustees' report 3 - 10
Independent auditors' report on the financial statements 11 - 14
Consolidated statement of financial activities 15
Consolidated balance sheet 16 - 17
Company balance sheet 18 - 19
Consolidated statement of cash flows 20
Notes to the financial statements 21 - 40

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Trustees

Mr A M Berry Mr R J Butler Mr J Phillips Ms J Williams, Chair Ms D Daniel Mr R Savage

Company registered number

03404789

Charity registered number

1065086

Registered office

Kings Centre 27 Edison Road Eastbourne East Sussex BN23 6PT

Company secretary

Mr S D Cox

Independent auditors

Baldwin Scofield Ltd Chartered Accountants Statutory auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU

Page 1

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Bankers

Barclays Bank PLC 63 Terminus Road Eastbourne East Sussex BN21 3PQ

Nationwide Building Society Nationwide House Pipers Way Swindon SN38 1NW

Santander UK PLC Bridle Road Bootle Merseyside L30 4GB

Solicitors

Argles Stoneham Barstow Innovis House 108 High Street Crawley RH10 1AS

Page 2

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report together with the audited financial statements of the The Frontiers Charitable Trust for the 1 September 2024 to 31 August 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The objectives of The Frontiers Charitable Trust (TFCT) are as follows:

Key objectives for the financial year ending August 2025 included:

These objectives were captured as part of a vision document entitled “A Door of Hope” (taken from Hosea 2:15) setting out specific focus areas through to 2030, taking the organisation past its 40th anniversary. The missional intent of the vision is set out in three overlapping areas:

These focus areas reflect a calling to build a reconciled church and open doors of hope to the local community of Eastbourne as well as reaching out into the world, regionally, nationally and internationally, to proclaim the gospel.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Strategies for achieving objectives

The over-arching aim of the charity is to reach out into society at every level to give hope and compassion where there is none; and to build a local Christian church. This church will consist of members who have a desire for the worship of God, love of one another, communication of Jesus to the world and training of the whole Church. Its members will:

Page 3

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance

Review of activities

Sunday Morning, Sunday Evening and Thursday Daytime meetings - the church gathers at the Kings Centre to take part in collective worship, teaching and prayer. The primary Sunday Morning meeting attracts around 500 people each week, the main meeting runs alongside groups catering for babies, young children, youth and those with specific needs. The Thursday meeting, held weekly during regular work hours, provides a much more intimate church experience with a focus on pastoral care. A third meeting held on Sunday Evenings, with a regular attendance of 70-80 members, has been running for around 9 months. The meeting is overseen by church eldership and run by developing leaders across various ministry teams who are encouraged to explore and grow their gifting.

A church plant into Sovereign Harbour in Eastbourne, led by existing church members, has now been running for around 18 months. This mission-focused site known as Grace Community Church (GCC) allows further outreach into the local community with a specific focus on the community of people in the harbour where the was no active church running. The site is administered by TFCT with specific giving set aside and used by GCC to fund the rental of a building as well as the salary of the site pastor.

Prayer meetings - held weekly, which allow people to meet with the express purpose of praying for the church, the local community and also about national & global current affairs.

Focus - a baby and toddler group that runs three morning sessions a week during term time at the Kings Centre building. The group, coordinated by a TFCT member of staff and a team of regular DBS-checked volunteers, often has a full register and waiting list because of its popularity. Focus provides essential support to local families, offering their young children a safe space to play together and gentle exposure to Bible stories & singing. The group gives parents an invaluable opportunity to meet together in community, find understanding, support and friendship from the Focus team and from each other.

Kids and Youth - meeting at least once per week, primarily at the Kings Centre, groups such as True (11-18s) and ID (11-14s) gather local young people together to socialize as well as experience collective worship, prayer and take part in age-appropriate discussions. The groups provide ideal opportunities for young people to experience the gospel and the church community, some for the first time. The Kids and Youth team take a large number of young people to Newday, a major Christian youth event held each summer. Individual church members often provide financial sponsorships to allow as many youths as possible to attend the event, take part in a conference atmosphere and explore some of life’s big questions.

Students and 20s - the group supports students attending the university campus in the town in addition to those who live locally. Each meeting provides a previous source of community for those who may be living away from home or starting out in employment to share the gospel and grow in faith together.

Inspire - meeting weekly at the Kings Centre, the group attracts older adults who experience a church gathering followed by refreshments and activities. Whilst predominantly catering to an essential part of the local population demographic, Inspire is open to all and emphasizes the importance of community and friendship in the Christian walk.

Fusion - a fortnightly life group open to adults who need a bit more time to learn, especially those with learning difficulties. Fusion is almost always fully subscribed, a close-knit community who enjoy a unique exposure to Christianity with the support of a passionate team of volunteers.

Alpha - running several times per year at the church, the well-known Alpha course offers a chance for anyone to explore the Christian faith. Following a program of nine sessions, the course has proved pivotal for many people facing the consequences of Covid, asking some of life’s big questions and taking their first steps as new Christians.

Page 4

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance (continued)

Review of activities (continued)

Livestream - launched during the start of the Coronavirus pandemic, Livestream offers the chance to experience church online for those unable to, or choosing not to, attend services in person. Sunday services are available to watch live and also via catch-up 24 hours after the meeting. An invaluable resource during times of lockdown for people to remain connected to church life, Livestream has continued to grow and has been a route by which new members have found the organisation and subsequently become part of the church family.

Groups - smaller settings, known as Groups, form an essential part of church life: cultivating friendships, growing in faith, exploring God’s word and sharing life together in community. Groups range from Bible reading, discipleship and prayer to badminton, bowling and boxing; allowing people to experience the Kings centre building and get a flavour of the Christian life in a more personal setting.

Courses - running periodically through the year at the Kings Centre, established courses include Joining the Church: digging deeper into church values, The Bereavement Journey: for those affected by loss and grief, and The Marriage Course: for couples to invest and enrich their union.

Love Eastbourne - set up in response to the Covid-19 crisis, the Love Eastbourne fund looks specifically at local need with 100% of all donations going to those in the local community who are struggling financially. Since its inception in March 2020, Love Eastbourne has given approximately £60,000 to support local people.

Local organizations - TFCT recognizes a number of local organizations to support their charitable and community work including Sanctuary Cafe: a meeting place for refugees, asylum seekers and immigrants; Bramber Bakehouse: an award winning bakery supporting women survivors of human trafficking; Beachy Head Chaplaincy: a search and rescue charity savings lives from suicide in the region; Eastbourne Street Pastors: caring for people involved the local night life; Eastbourne FoodBank: providing emergency nutritional food to those in need.

Overseas - the charity has strong links with a number of overseas projects including Inkosi Kids, a project in Zimbabwe to help children in the rural areas of Bulawayo to enter education; and Africa Alive, providing gospel spreading opportunities for emerging leaders across Southern Africa. As part of New Ground, the church has connection and regular contact with organizations in France, Romania, Portugal, Germany and the Netherlands.

Investment policy and performance

TFCT holds minimal significant surplus funds that are not required to conduct the regular operations of the charity. A portion of cash balances are held in high-interest accounts with our bankers to maximise the efficiency of funds being held for various purposes. In these circumstances, there is no requirement for an advanced investment policy.

Financial review

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 5

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Reserves policy

The trustees review the reserves policy regularly in line with Charity Commission guidelines. TFCT trustees have considered and established a reserves policy based on an assessment of the needs of the charity’s activities. These are held in four distinct areas: long-term reserves, future projects, restricted funds and free reserves.

Long-term reserves represent those funds held specifically to safeguard TFCT in case of unforeseen financial circumstances. In light of full ownership of the Kings Centre by the charity and a high level of predictability of ongoing income and expenditure, a decision by the trustees was taken not to hold excess funds in long-term reserves. However, where ongoing activities allow, it is TFCT’s intention to steadily increase the amount of longterm reserves where possible.

Long term reserves at the end of the reporting period were £76,958 (Unchanged from Aug-24).

Future projects reserves are held in anticipation of known projects to be undertaken by TFCT. These may include income from specific gift days for special events and provisions for strategic development for the benefit of the trust.

The year-end balance in this category of reserves was £200,279 (£174,850 Aug-24). Approximately £100,000 was retained in a reserve specifically set aside for ongoing building works (~ £165,000 Aug-24) and a new reserve for “A Door of Hope” activities held around £70,000 intended to be released into missional activities during financial year 25/26.

Restricted funds represent donations received for specific activities. Where possible and financially diligent, charity policy is to expend these funds as quickly as possible to benefit the recipients.

At 31st August 2025 the balance held in restricted funds stood at £39,734 (31,992 Aug-24). The “Love Eastbourne” fund grew by approximately £5,000 and the “Inkosi / Zimbabwe” fund grew by around £4,000 – these two movements making up the majority of the difference I restricted funds during the financial year.

Free reserves are undesignated but should be sufficient to provide TFCT with the flexibility to manage change, cover increased costs and react to the increased needs of those beneficiaries who come within the bounds of the charity’s objects.

The year-end free reserves figure was £40,153 (£50,000 Aug-24). This represents an operating loss of approximately £10,000 in the financial year. The loss arose primarily from slightly lower than anticipated giving, up by around 2% year on year but slightly under budget.

Material investments policy

TFCT holds minimal significant surplus funds that are not required to conduct the regular operations of the charity. A portion of cash balances are held in high-interest accounts with our bankers to maximise the efficiency of funds being held for various purposes. In these circumstances, there is no requirement for an advanced investment policy.

Page 6

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial risk management objectives and policies

The trustees have overall responsibility for determining risk management policy including how risks are identified, assessed, managed, reviewed and reported. The senior management team have responsibility for implementing and maintaining systems that assist with the delivery of successful risk management, consistent with the policy set out by the trustees. A risk register is compiled and reviewed by all departments across the charity, scoring each identified risk by the likelihood of occurrence and the overall impact.

Advice is taken from church members in risk areas as well as from the charity's accountants and other professional advisers. Policies for safeguarding children and vulnerable adults are published and are implemented. Financial management systems for cash handling and the authorization of transactions are in place. Each area is subject to periodic review by comparison with best practice. Appropriate insurance is in place, via brokers competent in this field, to protect the interests of the charity, its employees and trustees.

The trustees and the senior management team regularly review progress against budgeted financial and operational plans. Management accounts are prepared every month to allow the assessment of the financial position of the charity. These are reviewed in detail alongside a summary financial report to identify potential financial risks to the charity and agree actions for their mitigation. It is recognized that the review procedure cannot provide absolute assurance against loss or material misstatements, however the trustees are of the opinion that the appropriate systems of financial risk management and control are in place within TFTC.

Principal funding

Principal funding sources include:

Significant events during the year

Building works to modernize the Kings Centre continued throughout the financial year including:

• Replacement of the roof of the building, adding insulation in order to improve energy performance.

• Installation of solar panels which aim to minimise energy drawn from the local grid, reducing the carbon footprint and environmental impact of the building.

• Replacement of the exterior cladding of the building and the main entrance doors to offer more energy-efficient performance.

By the end of the financial year, building works were approximately two-thirds complete, solar panels were installed and operational and regular energy use was lower.

Structure, governance and management

Constitution

The Frontiers Charitable Trust is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Methods of appointment or election of Trustees

The management of the Group and the Company is the responsibility of the Trustees who are elected and coopted under the terms of the Trust deed.

Page 7

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management (continued)

Organisational structure and decision-making policies

TFCT is constituted as a company, limited by guarantee, and operates in accordance with its Memorandum and Articles of Association. The charity is covered by the Board of Trustees. Trustees may not receive any remuneration for being a trustee other than professional services provided as permitted by the Articles. In practice, trustees provide their services free of charge.

The trustees have appointed a Senior Management team, the members of which are set out in the charity’s legal and administrative information. The senior managers and their direct reports across a range of teams meet regularly to review, refine and set out the day-to-day running of the charity’s activities. Senior managers are required to report to the trustees on the progress of activities, performance against objectives and future plans.

Policies adopted for the induction and training of Trustees

Trustees must accept the truth of, and hold a belief in, the Statement of Christian Faith set out in the Appendix to the Memorandum of Association and are normally invited from existing members of Kings Church. Trustees are elected by the existing Board of Trustees, appointed by majority vote and are subject to periodic retirement and reappointment by rotation.

Newly appointed trustees are subject to checks with the Disclosure and Barring Service (DBS) and are provided with a copy of TFCT’s Child Protection Policy and Practice Guidelines (revised March 2017), with which they are required to comply. Trustees are chosen for their ability to contribute to the efficient and effective management of the charity's activities, using their collective skills towards the governance of the charity. The trustees are alert to the need to expand their knowledge and skills as and when appropriate for the enhancement of their responsibilities.

None of the trustees had any beneficial interest in the company during the period.

Related party relationships

KCEL, operated for the purpose of raising funds for the benefit of TFCT, through the hiring of the Kings Centre for conferences, meetings, weddings, sports and other events. The KCEL directors are Mr. S. Cox, Mr. J R Phillips, Mr. A P Stevens and Mr. O W Stevens.

Trustees

Meetings are held six times a year in which reports are received, as appropriate, from trustees and/or senior management team according to their areas of specialization. Specific sub-committees focusing on ey areas such as finance, safeguarding and the building meet regularly to review charity performance in greater detail, utilizing specific trustees with specialized knowledge and skills. Minutes from meetings of sub-groups are circulated to the full board of trustees who are encouraged to familiarize themselves and pose any questions concerning anything reported at the time of the next trustees’ meeting.

Senior Management Team

The senior management team comprises of Church Leaders, Church Elders and the Executive Pastor. As leaders and elders, the members of this team exercise day-to-day management of church affairs. Although primarily spiritual, their leadership role encompasses the full range of church activities and pastoral care. The trust manager oversees the efficient and effective management of the Kings Centre, its administration and financial operations.

Page 8

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management (continued)

Network Bodies

TFCT is a member of the Evangelical Alliance, an association of mainstream UK Evangelical churches (www.ea.org).

TFCT is also a part of New Ground (www.newgroundchurches.org)

which has developed out of Newfrontiers Group of Churches (www.newfrontierstogether.org) Nationally, TFCT is part of over 250 UK churches involved in mission, outreach and discipling. Internationally, there are over 1,500 Newfrontiers related churches in over 80 nations throughout the world.

Active membership of these bodies provides a wide forum for the exchange of information, training and support at a national and international level. No external party, including the Evangelical Alliance and Newfrontiers, took decisions or had voting rights in the governance of TFCT.

Plans for future periods

The trustees of TFCT will continue with development of the Kings Centre building. As one of the primary exhibition and conference centres in the town as well as the home of Kings Church, works being completed put emphasis on maximizing the environmental performance of the site and safeguarding its future for the years to come.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 9

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Baldwin Scofield Ltd, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 28 May 2026 and signed on their behalf by:

Ms J Williams

(Chair of Trustees)

Page 10

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE FRONTIERS CHARITABLE TRUST

Opinion

We have audited the financial statements of The Frontiers Charitable Trust (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the parent charitable company'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.

Page 11

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE FRONTIERS CHARITABLE TRUST (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. 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 where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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 Group's and the parent charitable company'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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 12

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE FRONTIERS CHARITABLE TRUST (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant are those that relate to the reporting framework in conformity with the requirements of the Companies Act 2006 and Charities Act 2011 and the relevant direct and indirect tax compliance regulations in the United Kingdom.

We understood how the charitable company is complying with those frameworks by making enquiries of management to understand how the charitable company maintains and communicates its policies and procedures in these areas and corroborated this by reviewing supporting documentation and minutes of meetings of those charged with governance.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override to be a fraud risk. In addition, we considered the risk of management override by sampling from the entire population of journals, identifying specific transactions which did not meet our expectations based on specific criteria and investigated these to gain an understanding and then agree back to source documentation.

Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved verifying that material transactions were recorded in compliance with Financial Reporting Standards in conformity with the requirements of the Companies Act 2006 and Charities Act 2011.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 13

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE FRONTIERS CHARITABLE TRUST (CONTINUED)

Use of our report

This report is made solely to the charitable company'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 charitable company's trustees those matters we are required to state to them in an Auditors' 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Baldwin Scofield Ltd

Chartered Accountants Statutory auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU 28 May 2026

Baldwin Scofield Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 14

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
Charitable activities
8
Total expenditure
Net (expenditure)/income
Transfers between funds
20
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Gains on revaluation of fixed assets
Other gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
81,084
31
-
-
81,115
-
126,077
126,077
(44,962)
66,273
21,311
-
-
21,311
3,508,817
21,311
3,530,128		 Unrestricted
funds
2025
£
820,589
47,343
186,265
5,866
1,060,063
43,848
956,415
1,000,263
59,800
(66,273)
(6,473)
-
825
(5,648)
361,436
(5,648)
355,788		 Total
funds
2025
£
901,673
47,374
186,265
5,866
1,141,178
43,848
1,082,492
1,126,340
14,838
-
14,838
-
825
15,663
3,870,253
15,663
3,885,916		 Total
funds
2024
£
880,284
46,135
195,491
5,777
1,127,687
53,200
1,057,371
1,110,571
17,116
-
17,116
2,301,113
-
2,318,229
1,552,024
2,318,229
3,870,253

Page 15

THE FRONTIERS CHARITABLE TRUST (A company limited by guarantee) REGISTERED NUMBER: 03404789

CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
13
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
18
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 4,446
68,226
408,383
481,055
(177,787)		 2025
£
4,046,654
303,268
4,349,922
(464,006)
3,885,916
3,530,128
355,788
3,885,916		 5,928
104,345
444,313
554,586
(266,503)		 2024
£
3,747,240
288,083
4,035,323
(165,070)
3,870,253
3,508,817
361,436
3,870,253

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Page 16

THE FRONTIERS CHARITABLE TRUST (A company limited by guarantee) REGISTERED NUMBER: 03404789

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

The financial statements were approved and authorised for issue by the Trustees on 28 May 2026 and signed on their behalf by:

Ms J Williams

(Chair of Trustees)

The notes on pages 21 to 40 form part of these financial statements.

Page 17

THE FRONTIERS CHARITABLE TRUST (A company limited by guarantee) REGISTERED NUMBER: 03404789

COMPANY BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
18
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 2,723
49,290
393,173
445,186
(223,234)		 2025
£
4,046,654
100
4,046,754
221,952
4,268,706
(464,006)
3,804,700
3,530,145
274,555
3,804,700		 3,478
102,003
391,946
497,427
(283,752)		 2024
£
3,747,240
100
3,747,340
213,675
3,961,015
(165,074)
3,795,941
3,508,817
287,124
3,795,941

The Company's net movement in funds for the year was £ 8,759 (2024 - £2,285,813) .

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Page 18

THE FRONTIERS CHARITABLE TRUST (A company limited by guarantee) REGISTERED NUMBER: 03404789

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

The financial statements were approved and authorised for issue by the Trustees on 28 May 2026 and signed on their behalf by:

Ms J Williams

(Chair of Trustees)

The notes on pages 21 to 40 form part of these financial statements.

Page 19

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Cash inflows from new borrowing
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
59,707
(400,089)
(400,089)
304,452
304,452
(35,930)
444,313
408,383		 2024
£
228,136
(290,975)
(290,975)
192,805
192,805
129,966
314,347
444,313

The notes on pages 21 to 40 form part of these financial statements

Page 20

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. General information

The Frontiers Charitable Trust is a charitable company (registration number 03404789) registered in England and Wales.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Frontiers Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Page 21

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.3 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 2% on cost
Fixtures and fittings - 20% on cost

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 22

THE FRONTIERS CHARITABLE TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.11 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 23

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

3. Income from donations and legacies

Donations
Church offerings and gifts
Sundry gifts
Gift Aid - tax refunds
Subtotal detailed disclosure
Grants
Donations
Church offerings and gifts
Sundry gifts
Gift Aid - tax refunds
Subtotal detailed disclosure
Grants
Subtotal		 Restricted
funds
2025
£
9,923
54,761
-
64,684
16,400
81,084
Restricted
funds
2024
£
3,299
42,763
-
46,062
60,000
60,000
106,062		 Unrestricted
funds
2025
£
591,788
130,329
98,472
820,589
-
820,589
Unrestricted
funds
2024
£
671,557
6,115
96,550
774,222
-
-
774,222		 Total
funds
2025
£
601,711
185,090
98,472
885,273
16,400
901,673
Total
funds
2024
£
674,856
48,878
96,550
820,284
60,000
60,000
880,284

Page 24

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

4. Income from charitable activities

Kings Church - Event income
Kings Church - Church bookstall
Frontier Community Clubs - Focus
Frontier Community Clubs - Kidz and Youth Activites
Kings Church - Event income
Kings Church - Church bookstall
Frontier Community Clubs - Focus
Frontier Community Clubs - Kidz and Youth Activites		 Restricted
funds
2025
£
31
-
-
-
31
Restricted
funds
2024
£
4,178
-
-
-
4,178		 Unrestricted
funds
2025
£
31,451
1,152
3,973
10,767
47,343
Unrestricted
funds
2024
£
37,313
76
3,615
953
41,957		 Total
funds
2025
£
31,482
1,152
3,973
10,767
47,374
Total
funds
2024
£
41,491
76
3,615
953
46,135

5. Income from other trading activities Income from non charitable trading activities

Charges to subsidiary undertaking
Sales		 Unrestricted
funds
2025
£
26,662
159,603
186,265		 Total
funds
2025
£
26,662
159,603
186,265

Page 25

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Income from other trading activities (continued)

Income from non charitable trading activities (continued)

Charges to subsidiary undertaking
Sales		 Unrestricted
funds
2024
£
22,477
173,014
195,491		 Total
funds
2024
£
22,477
173,014
195,491

6. Investment income

Unrestricted
funds
2025
£
Deposit account interest
5,866
Restricted
funds
2024
Unrestricted
funds
2024
£
£
Deposit account interest
106
5,671		 Total
funds
2025
£
5,866
Total
funds
2024
£
5,777

7. Grant funding of activities

Grants to Grants to Total
Institutions Individuals funds
2025 2025 2025
£ £ £
Kings Church 62,202 7,547 69,749

Page 26

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7. Grant funding of activities (continued)

Grants to
Institutions
2024
Grants to
Individuals
2024
£
£
Kings Church
77,259
7,914
The Group has made the following material grants to institutions during the year:		 Total
funds
2024
£
85,173
Name of institution
Support for other charities
Supporting Churches in Zimbabwe
Newfrontiers
Local charities
Love Eastbourne
Apostolic Mission		 2025
£
2,518
46,499
6,100
2,642
4,443
-
62,202
62,202		 2024
£
6,800
46,126
7,100
1,075
5,989
10,169
77,259
77,259

8. Analysis of expenditure on charitable activities

Summary by fund type

Kings Church
Frontier Community Clubs		 Restricted
funds
2025

£
126,077
-
126,077		 Unrestricted
funds
2025
£
939,014
17,401
956,415		 Total
2025
£
1,065,091
17,401
1,082,492

Page 27

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Kings Church
Frontier Community Clubs		 Restricted
funds
2024
£
106,641
-
106,641		 Unrestricted
funds
2024
£
942,235
8,495
950,730		 Total
2024
£
1,048,876
8,495
1,057,371

9. Analysis of expenditure by activities

Kings Church
Frontier Community Clubs
Kings Church
Frontier Community Clubs		 Activities
undertaken
directly
2025
£
89,957
17,401
107,358
Activities
undertaken
directly
2024
£
73,712
8,495
82,207		 Grant
funding of
activities
2025
£
69,749
-
69,749
Grant
funding of
activities
2024
£
85,173
-
85,173		 Support
costs
2025
£
905,385
-
905,385
Support
costs
2024
£
889,991
-
889,991		 Total
funds
2025
£
1,065,091
17,401
1,082,492
Total
funds
2024
£
1,048,876
8,495
1,057,371

Page 28

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Activity Groups
Bookstall
Focus Costs
Kidz and Youth Activities		 Kings
Church
2025
£
89,363
594
-
-
89,957		 Frontier
Community
Clubs
2025
£
-
-
2,110
15,291
17,401		 Total
funds
2025
£
89,363
594
2,110
15,291
107,358
Activity Groups
Bookstall
Focus Costs
Kidz and Youth Activities		 Kings
Church
2024
£
73,533
179
-
-
73,712		 Frontier
Community
Clubs
2024
£
-
-
1,720
6,775
8,495		 Total
funds
2024
£
73,533
179
1,720
6,775
82,207

Page 29

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Bank charges
Books and Equipment
Cleaning and household
Depreciation of tangible fixed assets
External audit fee
Insurance
Trustee compliance costs
Travel costs
Legal and professional fees
Telephone
Light and heat
Maintenance and repairs
Rates and water
Building rent
Office costs
Auditors' remuneration
Fees payable to the Company's auditor for the audit of the Company's
annual accounts		 Total
funds
2025
£
590,443
27,704
(1,200)
32,776
100,675
9,007
17,236
10,203
381
2,848
4,934
38,823
26,689
26,786
7,128
10,952
905,385
2025
£
6,300		 Total
funds
2024
£
570,339
3,990
896
34,105
76,195
10,703
15,541
10,344
254
7,702
5,142
78,122
30,482
21,365
9,340
15,471
889,991
2024
£
6,000

10. Auditors' remuneration

Page 30

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11. Staff costs

Wages and salaries Group
2025
£
607,282
607,282		 Group
2024
£
589,340
589,340		 Company
2025
£
590,443
590,443		 Company
2024
£
570,339
570,339

The average number of persons employed by the Company during the year was as follows:

Direct charitable
Administrative		 Group
2025
No.
25
9
34		 Group
2024
No.
24
9
33		 Company
2025
No.
25
9
34		 Company
2024
No.
24
9
33

No employee received remuneration amounting to more than £60,000 in either year.

12. Trustees' remuneration and expenses

During the year, none of the Trustees has been paid remuneration or has received other benefits from an employment with the Company.

During the year ended 31 August 2025, expenses totalling £ 328 were reimbursed or paid directly to 1 Trustee (2024 - £NIL to Trustee) .

Page 31

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Tangible fixed assets

Group

Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Freehold
property
£
4,678,808
391,130
5,069,938
985,647
68,136
1,053,783
4,016,155
3,693,161		 Fixtures and
fittings
£
605,690
8,959
614,649
551,611
32,539
584,150
30,499
54,079		 Total
£
5,284,498
400,089
5,684,587
1,537,258
100,675
1,637,933
4,046,654
3,747,240

Page 32

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Tangible fixed assets (continued)

Company

Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024
14.
Fixed asset investments
Company
Cost or valuation
At 1 September 2024
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Freehold
property
£
4,678,808
391,130
5,069,938
985,647
68,136
1,053,783
4,016,155
3,693,161		 Fixtures and
fittings
£
593,366
8,959
602,325
539,287
32,539
571,826
30,499
54,079		 Total
£
5,272,174
400,089
5,672,263
1,524,934
100,675
1,625,609
4,046,654
3,747,240
Investments
in
subsidiary
companies
£
100
100
100
100

Page 33

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Principal subsidiaries

The following was a subsidiary undertaking of the Company:

Name Company Class of
Holding
Included in		 Class of
Holding
Included in		 Class of
Holding
Included in
number shares consolidation
Kings Centre (Eastbourne) Ltd (KCEL) 05049241 Ordinary 100% Yes
The financial results of the subsidiary for the year were:
Name Income
Expenditure		 Net assets
£ £ £
Kings Centre (Eastbourne) Ltd (KCEL) 173,014 173,014 41,992
15. Stocks
Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Finished goods 4,446 5,928 2,723 3,478
16. Debtors
Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Due within one year
Trade debtors 41,145 8,737 22,225 20,125
Other debtors 18,826 88,870 18,810 75,140
Prepayments and accrued income 8,255 6,738 8,255 6,738
68,226 104,345 49,290 102,003

17. Creditors: Amounts falling due within one year

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Bank loans and overdrafts 72,901 67,385 72,901 67,385
Trade creditors 77,926 107,843 88,782 107,843
Other creditors 26,960 84,733 22,226 69,566
Accruals and deferred income - 6,542 39,325 38,958

Page 34

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Creditors: Amounts falling due within one year (continued)

Group
2025
£
177,787
18.
Creditors: Amounts falling due after more than one year
Group
2025
£
Bank loans
464,006
Included within the above are amounts falling due as follows:
Group
2025
£
Between one and two years
Bank loans
40,753
Between two and five years
Bank loans
16,203
Over five years
Bank loans
407,050		 Group
2024
£
266,503
Group
2024
£
165,070
Group
2024
£
14,484
16,668
133,918		 Company
2025
£
223,234
Company
2025
£
464,006
Company
2025
£
40,753
16,203
407,050		 Company
2024
£
283,752
Company
2024
£
165,070
Company
2024
£
14,484
16,668
133,918

The mortgage loans as set out above are secured on the freehold property of the charity at 37 Edison Road, Eastbourne, BN23 6PT.

19. Financial instruments

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Financial assets
Financial assets measured at fair value
through income and expenditure 408,383 444,313 393,173 391,946

Financial assets measured at fair value through income and expenditure comprise bank balances.

Page 35

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

20. Statement of funds

Statement of funds - current year


Unrestricted
funds
Designated
funds
Strategic
Development
General funds
Kings Church
Fund
Special Events
Fund
Reserves
Total
Unrestricted
funds
Restricted
funds
Building Fund
Restricted
Reserve Fund
Total of funds		 Balance at 1
September
2024
£
200
317,364
1,980
41,892
361,236
361,436
3,476,825
31,992
3,508,817
3,870,253		 Income
£
11,932
849,588
38,940
159,603
1,048,131
1,060,063
16,432
64,683
81,115
1,141,178		 Expenditure
£
(2,010)
(793,049)
(45,600)
(159,604)
(998,253)
(1,000,263)
(68,136)
(57,941)
(126,077)
(1,126,340)		 Transfers
in/out
£
768
(73,369)
6,328
-
(67,041)
(66,273)
65,273
1,000
66,273
-		 Gains/
(Losses)
£
-
825
-
-
825
825
-
-
-
825		 Balance at
31 August
2025
£
10,890
301,359
1,648
41,891
344,898
355,788
3,490,394
39,734
3,530,128
3,885,916

Page 36

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

20. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Strategic
Development
General funds
Kings Church
Fund
Special Events
Fund
Reserves
Total
Unrestricted
funds
Restricted
funds
Building Fund
Restricted
Reserve Fund
Total of funds		 Balance at
1 September
2023
£
-
305,713
840
41,892
348,445
348,445
1,158,887
44,692
1,203,579
1,552,024		 Income
£
1,300
818,768
24,259
173,014
1,016,041
1,017,341
60,000
50,346
110,346
1,127,687		 Expenditure
£
(1,100)
(802,308)
(27,508)
(173,014)
(1,002,830)
(1,003,930)
(43,595)
(63,046)
(106,641)
(1,110,571)		 Transfers
in/out
£
-
(4,809)
4,389
-
(420)
(420)
420
-
420
-		 Gains/
(Losses)
£
-
-
-
-
-
-
2,301,113
-
2,301,113
2,301,113		 Balance at
31 August
2024
£
200
317,364
1,980
41,892
361,236
361,436
3,476,825
31,992
3,508,817
3,870,253

Page 37

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

20. Statement of funds (continued)

The nature and purpose of each fund are as follows:

Restricted Funds

The restricted funds are to be used for specific purposes and laid down by the donor. Expenditure that meets

these criteria is charged to the fund together with the appropriate management and support costs.

a) Building Fund

This relates to monies specifically given or set aside to fund the acquisition of the whole building known as The

Kings Centre, 27 Edison Road, Eastbourne and the refurbishment and development to date of the building.

b ) Special Events Fund

Various church activity special events take place during the year within Kings Centre, held under the umbrella of

the Special Events Fund, with the intention of them also generating funds or at least being self financing. This

can include social, educational, sporting and youth events, or various other community activities.

Designated Funds (Unrestricted)

The designated funds are unrestricted funds earmarked by the trustees for particular purposes.

a) Giving Fund

This relates to monies specifically set aside by Kings Church and given away to other charities, Christian organisations and to those in need.

b) Strategic Development Fund

This relates to monies specifically set aside by Kings Church for strategic projects.

21. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted
funds		 Balance at 1
September
2024
£
200
361,236
3,508,817
3,870,253		 Income
£
11,932
1,048,131
81,115
1,141,178		 Expenditure
£
(2,010)
(998,253)
(126,077)
(1,126,340)		 Transfers
in/out
£
768
(67,041)
66,273
-		 Gains/
(Losses)
£
-
825
-
825		 Balance at
31 August
2025
£
10,890
344,898
3,530,128
3,885,916

Page 38

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

21. Summary of funds (continued)

Summary of funds - prior year

Designated
funds
General funds
Restricted
funds		 Balance at
1 September
2023
£
-
348,445
1,203,579
1,552,024		 Income
£
1,300
1,016,041
110,346
1,127,687		 Expenditure
£
(1,100)
(1,002,830)
(106,641)
(1,110,571)		 Transfers
in/out
£
-
(420)
420
-		 Gains/
(Losses)
£
-
-
2,301,113
2,301,113		 Balance at
31 August
2024
£
200
361,236
3,508,817
3,870,253

22. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
3,530,128
516,526
-
481,055
-
(177,787)
-
(464,006)
3,530,128
355,788		 Total
funds
2025
£
4,046,654
481,055
(177,787)
(464,006)
3,885,916

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Restricted
funds
2024
£
3,476,825
31,992
-
-
3,508,817		 Unrestricted
funds
2024
£
270,415
522,594
(266,503)
(165,070)
361,436		 Total
funds
2024
£
3,747,240
554,586
(266,503)
(165,070)
3,870,253

Page 39

THE FRONTIERS CHARITABLE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Other gains
Decrease in stocks
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
24.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
25.
Analysis of changes in net debt
At 1
September
2024
£
Cash at bank and in hand
444,313
Debt due within 1 year
(67,385)
Debt due after 1 year
(165,070)
211,858		 Group
Group
2025
2024
£
£
14,838
17,116
100,675
76,195
825
-
1,482
507
36,119
55,013
(94,232)
79,305
59,707
228,136
Group
Group
2025
2024
£
£
408,383
444,313
408,383
444,313
Cash flows
At 31
August 2025
£
£
(35,930)
408,383
(5,516)
(72,901)
(298,936)
(464,006)
(340,382)
(128,524)		 Group
2024
£
17,116
76,195
-
507
55,013
79,305
228,136
Group
2024
£
444,313
444,313

Page 40