Charity registration number 1096098 (England and Walos THE KING'S FAMILY CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Caladine Chortered Cerlified Accounlan15 THE KING'S FAMILY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs O Ojemuyiwa Mrs L Jeyibo Mr P Farinde Mr O Olusanya MsAAdeniji Charlty number (England and Wales) 1096098 Regl8tered offlco High Street Aveley Essex RM15 4AX Independent examlner John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF THE KING'S FAMILY CENTRE CONTENTS Page Trustees, report Independent examiner's report Statement of financlal aclivi11o$ Statement ol financial position Notes lo the financial slaiemenls 7-16 THE KING'S FAMILY CENTRE TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 The Irustees present their annual report and financial slalements for the year ended 28 February 2025. The flnancial statements have been prepared in accordance with the accounting policies sel out in note 1 lo the financial slatem8nls and comply with the Charity's governing documenl, th8 Charitles Act 2011. FRS 102 Yhe Flnancial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021" Obje¢tlVos and activitles The objects of the Charity are to advance thè Christian faith and lo relieve poverty and sl¢kness in accordance with Christian principles in the United Kingdom and other parts of the world as the Iruslees may from time lo lime deem The objects of the charity include.. Education and training The prevention or ￿lIef of poverty Religious aclivilie5 Children's and young people's work The relief of the less privileged across Africa Making grants lo indlviduals and organisalions Providing Services, advocecy, advice and informalion Providing human resources Public benefit The Irustees have paid due regard lo guidance issued by the Charity Comrnission in deciding what actlvities the tharity should undertake. Achlev•ment$ and performan¢• Significant activities and achievements against obj8clives cu ur work for Publlc B n fi Support for the Thurrock Food Bank The King's Family Centre Supports the Thurrock Foodbank, a local charity that helps local peoplelfamilies in crisis and in need from going hungry, by providing emergency food and local support. The King'5 Family Centre provides support by donating non-perishablo foods and linancial support on an on-going basls. Welfare Projects & Family Support The Charily has been active and supportive throughout the year in the prevention and relief of poverty through wslfare projeeis and family support partiGularly for struggling single-parents and families in need, when Ihe needs are identified. Assistance ha5 usually been by the Pfovision of essential groceries, educational materials for their children. House of Wells- Orphanage Support The King's Family Cenlre has been consistenlly supportive of the House of Wells registered in the U. K with their major operations in Port Elizabeth, South Africa. The House of Wells Is a "God-inspired mission touching Ihe hearts and lives of countless orphaned, ab8ndoned and vulnerable children in poverty-ravaged communities" in that area of South Africa. Channel of 5UPPOrt over the years have been by way of grants that have been helping with school fees. feeding and 51affing related costs. -TKFCare Foundation- Home of God's Grace - Orphanage Support The King's Family Centre has been actively supportive in assisting orphanages through TKFCare Foundation. Over the year and past years, the Home of God's Grace IHGTI has been receiving support for the 81 orphan5 and 200 widow5 in their care with their nurnbers on the increase. Support has continugd by way of regular grants, on-going provision of grDceries. clothing, educational materials and school fees as well as medical bi115 for life threatening operations. The Pastors and sorne member5 of the often visits the orphanages in Lagos, Nigeria on a few occasions. lo lend support and encouragement lo the on-going work in the orphanages lo ensure that each orphan 8xperiences holistic care and attention -their emolional. spiritual, physical, mental health and we11-being. THE KING'S FAMILY CENTRE TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 The King's Family Care Ltd ITKFCare Lldl Strategic Poverty Relief Partner A spin.off from The King's Family Centre in 2020 WB5 8 company limited by guarantee reg no 12424313. The aiTn is to independently seek funding and execute projec15 relating lo Poverty relief in the UK and across Africa. As of December 2024, In Conjunction with TKFC, TKFCARE LTD successfully carried out a programme of FEED THE 1000 in Nairobi Kenya, where significant of general foodstuffs were distributed lo 1 OQO families. selected from impoverished areas by their local 16aders and some local agency the charity has b8en working with on the alleviation of poverty across Africa. Following the success of the FEED the 1000 in Dec8mber 2024, the charity In conjunction with TKFCARE LTD is already working on ils new initiative of FEED THE 2000 in December 2025. of our work in Rell u$ Aclivilios Tuesday Prayer Meetings. Tuesday Prayer me&lings look plac& be￿een 7.'OOpm and 8.'OOpm look place by Zoom log In only. Thero was no in- person pray8r meeting. Frlday Bible Class IseNlce On going all year via You TubelFacèbook and Zoom log in. An inler8clive 8ible slLJdy open lo church members and the wider community look place every Friday be￿een 7 30pm lo 8 30pm initially streamed liva by the Paslorl Minister via YouTube and Facebook. This was later on replaced by Zoom log in. Sunday services On going all year. Sunday services be￿een 11,.OOarn and 12'.30pm Look place predominantly al Gateway Academy. A local school the charity have a long-lerm agreement to utilise their main auditorium for ils Sunday service. Children's Ministry and Crèche On golng- all yaar every Sunday at the Gal&way Academy. There is a Child Protection Policy in place which is revlewed in accordance with changes and updales in Child Proteclion legSslalion. All staff and volunleerslworkers in this team are child-friendly and DBS (Disclosure and Barring S8rvicel certified. - Youth Mentoring In•person session5 to facllilalo Youth mentoring and luloring from a blbll¢al polnl view. These sessions were addressing issues facing young people in this generation. Some of these Issues ol discussion focused on drugs, alcohol, sex and sexually transmitted diseases, peer pressure. Along with leaching them on splrilual matters. they were also encouraged lo pursue a fulfilling careerlacademic disclpline In their area of strength. They were encouraged and supported to have fTeedom of expression. wth&Ex ansion Sirat The major evangelical 10015 adopted by The King's Family Centre are rnonlhly adverts in the local newspaper and magazines, multimedia plafforms such as our websile, Facebook, Inslagom, Twitter accounts and word of moljih in personal evangelism. All our community participation and inlegr81ion activities are employBd as evangelical lools. As part of the expansion strategy and in line with the Charily's objective, the Charity's Iruslees in conjunction with the pastoral team agreed in 2022 to sel up new Churches across Africa. Significant research and due diligence were carried out in the process of selecting the first localion for the first church and Kenya came on lop. In view of this. 8 decision was taken in late 2023 lo set up a new church in Keny8. However, due to the complexity of selling up such organisation in Kenya, Following significant consuttalion between the Iruslees and ils lawyers and as of December 2023 an agency agreement was signèd with Soarising Kenya LTD. a company registered in Kenya lo assist with the set up of the Church in Kenya. As a result of which as of December 2023. a prem15es was leased via Soarising Kenya Ltd which is currently being used as the church premises. whilst TKFC UK pursue obtaining the registration of TKFC Keny8 Financlal revlew Income for the year ended 28 February 2025 was £349,33212024.. £340.8611 with expenditure of £433,89012024- £340,511), resulting in a delicil for the year of £84.55812024 surplus £3501. Total funds al the year end were £201,78512024.. £286.3431. THE KING'S FAMILY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs Q Ojemuyiwa Mrs L Jeyibo Mr P Farlnde Mr O Olusanya MsAAdeniji Charlty numbgr {England and Wal08) 10W98 Roglstared offlc• High Street Aveley Essex RM15 4AX Ind•p•nd•nt examln•r John Caladlne FCCA CTA FCIE Caladlne Llmlted Chanty House 22 Upperton Road Easlboumo East Sussex BN2118F THE KING'S FAMILY CENTRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 ReS0￿S polic The Iru5tees have considered il prud8nl to eslablish and maintain a policy of unrestricted funds which are the free reserves of the charlly lo enable th8 smooth payment of running costs for the immediate future. Major risks The Iruslees have Carried out a review of the major risks lo which the church could be exp0s8d and procedures have been implemented lo lessen these rlsks where applicable. The risks and procedtsres are reviewed on an ongoing basls lo accommodate changes in legis1allon in every area ol our operalions. The use of cerilfied agents, employer's liabllily insurance. monitoring new and updated legislallve provisions are some of the steps Ihal have been adopled and ¢onlinue lo be reviewed. Structure, govèmance and manag•ment The charity Is a charitable Trust formed by a Declaration ef Trust dated 2nd January 2002 as amended by Deeds of Variation on 31 sl December 2002 and 27th June 2014. The trustees who served durlng the year and up lo the dal• of signatur• of the financial stat8m8nls were: Mr5 0 Olemuyiwa Mrs L J•yibo Mr P Farinde Mr O Olusanya Ms A Adeniji Recruitmenl and appoinlmenl of Iruslees Trustees are generally recruited from members of the charity taking into consideration specific skill requSred wllhin the lrnslee. Currènt Trustees nominates membars and after the nomination, the remaining Iruslee will invite th• nominatèd person for an informal inlervi$w durlng whirh if the members agree to be a Trustee, they will Ih8n be invited lo a formal interview where they will be interviewed by all Ihe Iruslee and the best car¢didate is selected from those interviewad. However, following a resenl Trustee s meeting, the Truslee have agreed lo extend the recruilmenl of Trustees lo Ihose that are not membors of the church as long as Ihe Iruslees believe that they have the compelenry and skills required lo do the job and Ihey agree to go through the inleNiew process. None of Ihe trustees has any bgnefic5al interesl in the company. All of the trustees are members of the company and guarantee to Gonlribule £1 in the event of a winding up. The Irvsl portwa5 approved by the Board of Trustees. Trustè• O Lallf4iE A OLVI Date.. THE KING'S FAMILY CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KING'S FAMILY CENTRE I report lo the trustees on my examination of the financial slalemenls of The Kin9'5 Family Centre Ilhe charity) lor the year ended 28 February 2025. Re$pon$lbilitles and basls of report As the trustees of the charity you are ￿SpOnsible for th• preparation of the financial slal8manls in accordance with the fequiremenls of the Charitie5 Acl 2011. I report in respect of my examination of lh8 charity's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying oul rny examination I have follow8d the Directions gSven by the Charity Commisslon under section 145151{bl of lh8 Charities Act 2011: Independent txamlner's statement- Matter ot concern Since the ¢harily's gross income exceeded £250,000. the indepandenl examlner must be a member of a body listed in section 145 of the Charllies Act 2011. 1 confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accounlanls. which is one of the listed bodies. Your attenllon Is drawn tts the fact that the charity has prepared the financial slalemenls in accordance with the relevant version of the Statement ol Recommended Practice applicable lo ¢harilie5 preparing their financial statements in a¢cordance with the Financial Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 in prelèrence lo the Ac¢ounling and Reportin9 by Charities.. Slalement of R8commended Pra¢lice issued on 1 April 2005 whi¢h is referr8d Ic in the extant rggulalions but has now been withdrawn. l understand that this has been dong in order for the financial slalemenis lo provlde a true and fair wew in ac¢ordan¢e wlth UK Generally Accepled Accounting PraGlice. During the course of my examination various matters have arisen which are disclosed wiihln the financial slalements noles 11. 21. 22 and 23. I confirm that apart from the above, no matlers have come lo my attention in conngction with the examinalion giving me cause lo believe that in any material r8specl.' accounting records were not kept in respecl of th• ¢harily as rwulred by saction 130 of the Charlli8s AGI 2011. the flnancial stalemenls do not accord with Ihos8 records., or the financial statements do not comply with Iha applicabl• r8qulrem8n15 Concerning the form and conl&nl of rinancial slalgmenls sel out in Ihg Charities (Accounts and Reports) Regulations 2008 olher Ihan any requirement that the finanoial statements give a true and fair view. whi¢h is not a matter ¢onsldered as part ol an independent examination. I confirm that there are no other mallers in connection wilh the examination lo which attention should be drawn in this report in order to enable a proper underglanding of the finBncial statements lo be reached. John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Easlboume East Sussex BN21 18F Date- THE KING'S FAMILY CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2025 Unrestrlcled funds 2025 Rgstrlcted fund5 2025 Total Unrestrlcled funds 2024 2025 Noles Income from: Donations and legacies Charitable aclivllles Investments 330,790 13,000 1,350 4,192 334,982 13,000 1,350 326.075 13,000 1.786 Total Income 345,140 4,192 349,332 340.861 Expendlturé on: Charitable actsvities 433,890 433,890 340,511 Total expendltur• 433.890 433,890 340,511 Not Ineomel<•xpondltur?l and movoment in fund8 188,7501 4,192 184.5581 350 Reconcillatlon of funds: Fund balan￿S al 1 March 2024 286.343 286.343 285.993 Fund balances at 28 F•bruary 2025 197.593 4,192 201,785 286.343 The stalement of financial activities includes all gains and losses recognised in the year. All income and oxpondlture d8rlv• from ￿ntinUIng a¢livilles. THE KING'S FAMILY CENTRE STATEMENT OF FINANCIAL POSITION ASAT28 FEBRUARY 2025 2025 2024 Notes Flxgd assets Property. plant and equipment 13 40,991 53,821 Current as8•ts Trade and other recelvables Cash at bank and in hand 14 137,000 36,676 137,000 106,703 173.676 112,8821 243,703 11,181) Curr•nt Ilabllltlos 15 Nel cuff•nt ass•t¥ 160,794 232,522 Total a$•ols l•ss current IlJbllltl•s 201,785 286,343 Th• funds of the charlty Restrscted Income funds Unreslrlcted funds 16 17 4,192 197,593 286,343 201,785 286,343 Th8 fin lemenls were approved by the trustees on Tru•t•• QL4JiPb THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting pollcies Charlty informatlon The King's Family Centre is a charilable trust formed by a Declaration of Trust dalgd 2nd J8niJary 2002 as amended by Deeds of Variations of TTusl on 31 sl December 2002 and 27th June 2014. 1.1 Basis of preparation The financial sl3iements have boen prepared in accordance wllh the charily's governing documenl, Ihe Charities Act 2011, FRS 102 The Financial Reporling Standard 3pplicable in the UK and Republic of Ireland" and the Charilies SORP "Accounting and Reporting by Charilies., Slalenienl ol Re¢ommended Praclice applicable lo charities preparin9 Iheir accounls in accordanc¢ with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public 8enefil Enlily as defined by FRS 102. The charity has laken advantage of the provisions in the SORP for charities not to preparè a statement ol cash flows. The financial statements have departed from Ihe Charities (Accounts and R8Ptsrt$l Regulallons 2008 only lo the exlenl required lo provide a true and fair view. This departure has Involved following the Slalemenl of Recommended Practice for charities applying FRS 102 rather Ihan the version of the Slalemenl of Recommended Praclice which is referred lo in the Regulations bul which has Since been withdrawn. The financial $lalemonls are prepared in glerling, which is the functional currency of the charily. Monetary amounls in these financial slal&menls are rounded lo ltrie nearest £. The financial slalemenls have been prepared under tha historical cost convention. The principal accounting pollcies adopted are sel out below. 1.2 Going concern Al the lime of approvlng th8 ff nancial slalemenls, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational e%islence for the foreseeable future. Thus lh8 Iruslees continue lo adopt the going concern basis of accountlng in preparing the flnanclal statèments. 1.3 Charftable funds Unrestricted funds are available for use at the discrplion of the Iruslees in furtMeTance of their charitable objective5. RestriGled furnds are subject lo specific condilions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial stalemenls. 1.4 Incomè Income is recognised when the charity is legally enlilled lo il after any performance conditions have been mel. the amcunls can be measured reliably, and it is probable that income will be re¢eived. Cash donations are recognised on receipt. Oth8r donations arè recognised once the charity has been ntstified of the donation, unless performance conditions rei]uir& defeffal of the amount. Income lax recoverable relation lo dDnalions received under Gift Aid or deeds of covenant 15 recognised at the time of the donalion. Legacie5 are recognised on receipl or olherwise if Ihe charity has been notified of an irnpending dislribulion, the amount is known, and receipt is expecled. If the amount is not known, the legacy is ITeated as a conlingenl assel. THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Accountlng poli¢iè$ (Continued) 1.5 Expenditufe Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measureol reliably. Expendllure is classified by activity. The costs of each activity are made up of the total of direcl costs and shared cosls, Including support costs involved in undertaking each activity. Diré¢1 costs attributable lo a single activity aro allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs whlch are not attributable lo a sin9le activity are apportloned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on Ihe portion of the assel's use. 1.6 Propgrty, plant and equipment Property. plant and equipment are initially measured al cost and subsequently measured al cost or v81uallon, nel of depreciation and any impairmenl losses. Depieciation is recognised so as lo write off th8 Cost or valuation of assets less their residual values over Iheir useful lives on the following basis.. Plant and equipment Fixtures and fillingg 250/0 reducing balance 250/9 reducing balance The gain or loss arising on the disposal ol an asset is determined as the difference bemeen the sale proceeds and the carrying value ol the asset, and is recognised in the statement ol financial activitie8. 1.7 Impairnient of non4urrent assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indlcallon that those assets have suffered an impalrmenl Ios5. If any such indication oxists, the recoverable amount of the asset is estimated IN order lo determine the exlenl of the impairmenl loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held al call with banks. other short.lerm liquid investments with original m8luriliès of three months or less, and bank overdrafts. 8ank overdrafts ar8 shown within borrowings in curroril liabilities. 1.9 Financial Instruments The charity has elected lo apply th& provislons ol Section 11 '8asic Financial Instruments. of FRS 102 to all of its financial inslrumgnls. Financial instruments are recogni¥ed In the Charity's balance sheet when the ¢harlly becomes party to the ontr?Gtual provisions of the inslrumènt. Financial assets and liabililles are offsel, with the nel amounts presenled in the financial statements. when Iherg Is a legally enforceable right lo sel off the recogni5ed amoun15 and there is an intention to settle on a nel basis or lo reali59 the asset and Settlg the liability simultaneously. Baslc flnanclal ossets Basic financlal assets, which include trade and other rec8ivables and cash and bank balances, are initially easur8d al transaction price includin9 transaction costs and are subsgquently carried al amortised cost Using the effecllve interest method unless the arrangement constitutes a financing transaction, where the transaction 15 measured at the present value of the future receipts disGounled al a market rale of interest. Financlal assets classified 8s r8¢eivable within one year are not amortiS8d. THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Accountlng policie$ (Continued) Basic financl•l Ilabilities Basic financial liabilities, Including trade and other payables and bank loans are initially iecognised al transaction price unless the arrangement eonslilules a financing transaction, where the debt instrument is measured 81 the present value of the lulure payments discounted al a market rale of inl&r&sl. Financial liabilities classified as payable wilhin one y8ar ar& not amortised. Debt Instruments are subsequenlly carried at amortised cost, using the effectiv8 Interest rale melhod. Trade payable$ are obligations to pay lor goods or services that have been acquire# in the ordinary course of operations from suppliers. Amounts payable are classified as current Ilabililies if payment 15 du8 within one year or less. If nol, they are presented as non-currenl liabilities. Trade payables are recognised initially al transaction price and subsequently measured al amortised cost using the 8ffeclive intere51 method. Derecognitlon of flnanclal Ilabllliles Financial 153bililie$ are derecognised when the charity's Conlraclual obligations expire or are discharged or cancelled. 1.10 Employ00 bongflts The cost of any unused holiday enlillemenl is recognised in the period in whlch the employee's services are recelved. Termination benefits are recognised imrnedialely as an 8XP8n$e when the charity is demonstrably committed lo lerminalè the employment of an employee or to provide lerminalion benefits. Critical accountlng estlmates and Judgèments In the applicatlcn of the charily's accounling policles. the Iruslees are required to make ludgemenls. eslimales and assumptions about the carrying amount of assets and liablllll6s that are not readily appaTenl Irom other sources. The eslirnales ané asstscialed assumptions are based on historical experlence and other factors that are consldered to be relevant. Actual resulls may differ from these esllmales. The estimates and undgrlying assumptions are reviewed on an ongoing basis. Revisions to accounling estimates ar& recognised in the pariod in whlch the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the rev￿s1On affects both current and future pariods. In¢ome from donatlon$ and legaci•s Unrèstricted Re$trl¢tèd fund5 funds 2025 2025 Total Unreslrlcted Restrlcted funds funds 2024 2024 Totsl 2025 2024 Donations and gifts 330,790 4,192 334,982 326,075 326.075 THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FE8RUAR Y 2025 Income from charltable activlths UnroStrlGted funds 2025 Unroslrlcted funds 2024 Charltabl• actlvltl•$ Charitabl8 rantal incom8 13.000 13,000 Ineome from Invostmonts Unre•trlct•d Unrostrict•d lund8 funds 2025 2024 Intere8l rocelvablo 1,350 1,786 10- THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Expenditure on charitable a¢tiviti•$ Charitable a¢tlvltSe¥ Charitable activities 2025 2024 Direct costs Staff costs Depreciation and Impairmenl Operating lèases Rent and rales Insurance Communlty events Répairs and malnlenance Telephone Computer Costs Bank charges Prlnting postage and s1811on?ry Advertlsing and marketlng Hospilalily Light power and hèèting Subscrllions Non recoverable VAT 158.047 17,436 136,701 17,941 76,163 26,379 4,233 40,741 10,809 4,457 4,226 2,691 930 51,398 4,213 18,575 6,900 1,623 5.175 254 12 672 2.548 5,844 13 4,514 EstabliJhm•nt of TKFC Kenya (Note 22) Travel Grants Bullding Costs 2024125 80.955 59,781 417,960 325,271 Grant fundlng of activities (68e note 71 1,560 2.400 Share of support and governance Costs not• 8) Govemance 14,370 12,840 433,890 340.511 Analy$ls by fund Unreslricled funds 433,890 340,511 Grants payable Charltable activltles 2025 Charitable activities 2024 Grants lo inslitulions.. Other 1,560 2,400 11 THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2025 Support eo$ts allocated to a¢tlvStles 2025 2024 Govèmance costs 14,370 12.840 Anal sed bÈiween' Charitable aGlivities 14,370 12,840 Net movemont In funds 2025 2024 The nel movement In funds is slated after charglngllcredlling): Fe&s payable lo the Accountanl for the independent examination of the charills flnancial statements Depreclatlon of owned property, plant arsd equipment 3,600 17,436 17.941 10 Trust•es None of the truslees lor any per$on8 connected with them) received any Ternuneralion or benefits from the charity during the year. 11 Employo•5 The average monthly number of employees during the year was.. 2025 Numb•r 2024 Number Total Employment costs 2025 2024 Contractors cos15 158,047 136,701 Contracts of Stall Fees of £57,500 {2024' £57,500) were paid lo A A5haye. Senior Pastor, for 5erviGes provided and rental payments of £20,400 {2024 £20.4001 as disclosed in note 21. Following enquires from the Charity Commlsslon and subsequent reports from the solicitors and aocounlants the charity has been involved in dlscussions in Ihe installation of an appropriate payroll system and Ihe Issue of appropriate contracts for its staff. The Trustees have now aulhorised the setting up of a payroll scheme. Remuneration of key managomgnt personnel AAshaye as detailed abov8. THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 12 Taxatlon The charity Is exernpl from laxalion on ils activitl8s because all its in¢ome is applled for charitable purposes. 13 Propèrty• planl and equlpment Planl and Flxturfts aftd gqulpment fittlng Total Cost Al 1 March 2024 Additions 34.132 3,272 118,168 1,333 152.300 4,605 Al 28 February 2D25 37,404 119,501 156,905 Doprèciatlon and impairnlgnt Al 1 March 2024 Deprecl8lion ch8rged in the yoar 33,988 255 64,490 17.181 98.478 17,436 Al 28 February 2025 34,243 81.671 115,914 Carrylng amounl Al 28 February 2025 3,161 37.830 40,991 Al 29 February 2024 144 53,677 53,821 14 Trad• and oth•r r•¢•lvabhs 2025 2024 Amount• fallln9 due wlthln on• year: Other recelvables {see note 21) 137,000 137.000 15 Current Ilabllttlos 2025 2024 Trade payables Accruals and deferréd income 8,781 2.400 12,882 12,882 11.181 13- THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 16 Restri¢ted funds The restricted funds of the charity eompris6 the unèxpended balances ol donations and grants held on trust Subject to specific conditions by donors as to how they may be used. At 1 March 2024 Incoming A128 rosoufGe6 February 2025 Kenya appeal 4,192 4,192 17 Unreslrl¢t•d funds The unreslncted funds ot the charity comprise the unexpended ba18nces of donallons and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These includ8 designated funds whlch have been sel asSd8 out of unreslricled funds by the Iruslees for specifi¢ purposos. At 1 March 2024 Incomlng R•$ources At28 rosourcos •xpgnded Febwary 2025 Gon8ral funds 286,343 345,140 (433,890) 197.593 Prevlous year: At 1 March 2023 Incomlng Resource• A129 rèsourc•s •xpènd6d February 2024 General funds 285,993 340,861 1340,5111 286,343 18 Analy$l8 of not •ssets botw08n lund8 Unr•strlcted funds 2025 Rostrlcted lund$ 2025 Total 2025 At 28 February 2025: Property, plant and equipmenl Current asselsllliabllilies) 40,991 156,602 40.991 160.794 4,192 197,593 4.192 201.785 14 THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 28 FEBRUARY 2025 18 Analysls of net assèts betwgen funds Icontlnuedl Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 29 February 2024: Property, plant and equipment Current assetsllliabililiesl 53,821 232,522 53,821 232,522 286,343 286,343 19 Operatlng l•a5e commltmentb 1. Rent was paid for the lease of 108 Hlgh Street. Thurrock. The premises was used for Children's work and subsequently rel81. The lea58 has now expired and the property has been relurned lo the landlord. 2. The Gateway Learning Community, Tilbury - The Church ulilises the premises and pays a rent under a rolling agreement. 3. Rent is paid for the use of the Kings Family Centre as noted in Note 21. 20 Related party Iransaetions Other than the trar)saction$ dlsclosed in nol8 21 and 22 of the flnancial slalémenls, therè were no other relatèd party transactions during the year12024 - none). 21 Prop•rty- Kings Famlly C•ntre, High Street, Avel¢y, E$$ex As shown In Note 14 Ihare was an advance of £137.000 to A Ashaye to enable the purchase of The Kings Family Cenlre. High Street, Aveley. Essex from him. A Ashaye having previously purchased the building via a mortgage for the benefit of the Trust. The acquisition from him was naver finali5ed due lo the Inability of the Trust lo obtain a mortgage facilily. Lawyars have now finalised preparing an agreement for the repayment of the sum of £137,000 Ighown as debtor) to be repaid lo the Chuich. This is about lo be signed. As the ownership of the property Is In the name of A Ashaye a rental payment is being pald lo him by Ihe Trust in Ihe sum of £1,700 per month 12024.. £1,700 per month). A nèw lease is currently in the process of being prepared. 15- THE KING'S FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 22 The Kings Famlly Cgntre Kenya