Compony regislrotion number.- 05099069 Chorily regislrolion number.. I IOS460 Scottish Charify number.. SC043119 Klngs Aclfve Foundatlon (A company Ilmtted by guarantee) Annual Report and Hnanclal Statements for the Year Ended 31 December 2024 Landin WilGock & Co Chartered Accovnlants & Registered Audltors 68 Qveen Street sheffield 51 IWR
Klngs Actlve Fovndatlon Contents Reference and Administrative Details Strategic Report 2to3 Trustees. Report 4t06 stotemenl of Trustees, Responsibilities Independent Auditors. Report 8t0 11 Consolidoled Statemenl of Flnoncial Activities 12 Consolidqted Balance Sheet 13 Balance Sheet Consolidated Statement of Cash Flows 15 Notes to the Financial Statements 16to31
Klngs A¢llv• F¢)vndatlon Reference ond Admlnlslrallve D•lalls Chlel Ex•¢utlve ONlcer MIA Busby Chlel Anon¢• Olllc•r Mrs L Ronds Trusteei Mr G Thompson Mrs J Fardon Mrs R OWn Mrs C Buxlon Mr T Amislrong loppointed 011041251 S•er•tary Mrs L Rands Prfnclpal and r•ght•r•d •lnce Osbome House 47 SnollhSng Lane Sheffi8ld S103LF The chartty is incorporated in England ond Wales. Company R•gbtratlon Nvmb•r Charfty R•glslrallon Numb•r ScolN$h Chailly Numb•r 05099069 1105460 SC043119 Salcltori Knlghls plc st Pauls Ploce Sheftlald SI 2JF bank•ri Lloyds Bank plc Chvrch Street Shellleld SI IHP Audllor¥ Landln WIIc¢xk & Co Chartered Accountants & R8gist8f8d Audltors 68 Queen Street 5hellield 51 IWR Pa8e I
Kings Adlye Foundallon Stroleglc R•pcwl IOT the Year Ended 31 Oecember 2024 The truslees, who (Te directors lor the pUoSe5 ol compony law. prosentr Iheir strattrglc report for the yeor ended 31 December 2024. in compliance wilh s414C ol Ihe Companie5 Act 2006. Achl•vements ond pertomianc• Anclyslj olachlevemenls ond p•rformonce during Ihg y•ur l. DpllY•flng 225 weeks ofKings Camps acr04$ 55 UK commurtlll•s In 2024 KAF. Ihiough Iher Kin9$ Comp5 bfan(J. ¢YelNered on o51imated 6.0 ho ol activily ttcros$ 14.346 individual weeks of King5 Comps to 9.254 vriqve children in 55 UK ond intematlonal bcomons. As part of th wort, we also provided sub5idised camp place5 Ik(ough Suppoming Families Programme to lomilies Ihroughovt rhe UK. OurSvpportSng Fomilies Progiamme alms to moke o dillergrre tro the lives ol clildren Irom o range of diificutt or di5odvanloged rami circumsloncog including linoncial hardship. Icfminol illne55. bereavemenl or children ol lomilies li the Brth"5h Amed Forces. Over ond obove Ihe obvious benefi15 which a week on o spoils and ocliwty camp can do lor o child's physical and menlal heolth. our carnps also help children and lamilies who aio lacing specbfiG challenges such 05 allovAng children in SeNice Families who frequcnlly move school to makè new frndS more quickty in their new communitie5. yovng cor8ts lo have re5Plte from carfng responsfoilitlgs and porants lacing finonciol hardshlp occess to offordoble childcar8 In 2024. we delivered the most Supporling Famlies weeks lo Ihe highest number ol uniqve chlldren in our hi510ry. We were olso rrore PLNposelul in portnertng wth orgarMsalk)ns such as Bomordo's YoLJng Corer5 Isuppothng young people with carfng respon%bililiesl. Mvms in Noed Ihelpng pofenls who are experiencing coercive control orKJ posl.separalion obu%el end me Mallert Isupportlng clMUren with parents who are In piisonl. 2. In 2024, ovrsvpparlino Famll•s Piowamm d•fvered Places lor 260 unyue Ghilctr•n ¢¢ross 484 weeks on camp ot 30 s•parote UK l¢xaffons. portnerhg with 12 unlqv• OrG(Jni$alions 3. 2024 olso r•prei•nl•d lh• most iuec•sslul year In aur hlstory lorprovldlnq iubildls•d plac•s loi lllih Ami•d Porc•s lamMl•s In lh• UK und oU d•llv•rlng Placas lor 1.376 vnique chikyran across 1,922 wèèks ol carnp at 15 milllory èslabllshments or host schooL% lor Royul Novy. Royal Morinc. British Army, RAF ond NATO children 4 Tralnlnq advll8 lo k ¥¢Jf•ly wllh ¢hHdi•n In 2024. we Irainod 5(X) adulls lo work Safely ond oclively chikyren ocross 55 locolion5 around Ihe UK ond inl8molK)nal S. D•llv¢ilnq fr•• acllwlly s•s*lofts lo UK schools and trh• locol communlW•s In 2024, wo delrieied Iro? aelivily scssions lo 9.othj childron o¢ioss 32 school locations around the UK 6. CreaNnq a mor• suslalnable ganIsaan. eopabl• of dell¥ery ats¢ol• by Introdu¢lng a Monoq•m•nl Il•1 b•low our SLY In 3)24. KAF inveslcd lo creole o more capablc. 5U51ainable ond Ihvs sale orgonisoiion by inlroclucing o new 'manogem?nt' Ik•r into th& or9anisotion. As such we recnJile4 and onboorded the roles ol Oporotions Manoger. Momber5trMp fvianager and Maikeling Monager, all ol whom are dtrlivering well inlo ther respeclive role5 and providing a more capgble and thus sustuingbb grgarMsatk)n. K•y non-Ilnonclalperforman¢• IndIcal3 The choritroble group v5e5 Ihg folbwing 05 measures ol svcce$5'. Child aelivily hour5 Ileolth ond sofaly dola - Independenl parenl rewews - L8ad&rs Iroined - Memt)ership dato - stoll aiid vdvnleer peilomonce evaluation5 - Values and belts G¢lng eonc•rn The trustees consider that Ihera are no matarlal uncéyrtoints obout both tha Group's and th6 Chorilie5' abhty to contlnue as a golng concem. nonclal r••W The chority reh)rned a deficit lorthe year as rj resultr of a 51vJht downhjrn in camp weeks ovailable to Sell. abngside o commltment to invesl in Ihe head offfce 5toft team in order to crcale sustainablllty lor tho charily. Refer to thc Activily RgpuFln the Trwl8es' Report. Page 2
Klng3 Acllve Foundallon strateqlc Report loi the Yeor Ended 31 December 2024 Plans tor Ihe lutuie As port of oui annual revi8w ancj planning process, we'v& agreed on overoll 2025 goal of sloying Irve to our mission as we consoldote tsur operalitsns and grow our ohendonce on cornps. provide Iree activity sessK)ns inlo UK schoo15 ond locol communities. Iroln more skllled young adulls and work wtlh our intemalionol developmenl parFners to develop SU51ainobilily. Wilhin Ihis goal we agreed lo continue with the spècific objectives sel in 214.. Increase our orgoni%otionol feoch Increase our orgonisational susloinoLJility Into$e our organisoh'onol impacl More specillcalty, these objeclives mean-. Increosing Ihe number of childTen b8nelitling from ottendance on our comps by ircreosing copocilias oncl incfeosing the number ol weeks and venues. ond intioducin9 the at>lily lo book shorlerwecks on comp in order lo make our camps more acctsssible lo more familles Deliveiing contracls and gronts including our partnership wilh the RNRMC. and our commitment lo more Young Carers ottending comps on subsidised ploces- we will 8nsure Iha desired impocts wll be deliver&d for benellciarl&s and Ihal our funding partners ore hoppy wlh the progress ol our deiivety Seeking rnoro porfnership opporlunils wllh organisalions, parlneis ond companies in ordef to increas¢ our benefri¢ty pool- this will include ormed forces charilles. other chlld-locus9&d chahffes ond privalo companios os part ol tho CSR ond employee bene1115 progiammes Providing rnore subsidlsed places vla OLK Suppothng FamlN?s Progromme. 1¢ Make o diMrgn¢¢ lo the lives ol children from a ronge of dillicvll or disadvonlagod lomily circumstonces. including linaneial hardship. leiminal illntsss. bereavcrnenl gnd other challgnging farnih/ 51tualbns. We 111 ensur8 thal the process lor awordkig these places is robvst and èquStabl* DelIVeng Iièe arlivity Sé55ions lo UK 5¢hoo15 ond the locol communities where we deliver our comps Encouroglng Members. partners and colleogues lo linonciolty contdbut6 to our Svpportlng Famllle5 programme Ihrough donalions. lundroising ond pcxlnerships Crealin9 a more susloinable ond cllici8nl organisolion. Cop0b ol delivery al scale by adding lo our Manogcmenl lier below ovr SLT Conlinuing lo invcsl Ihc development ol exi%ling an¢J ncw syslcms lo improvc Olff ability lo keep childron sale. serve our mambers and train oui stall Conlinung our locus on Ihe irnporlance of salcguardin9 acr0$5 011 ol ourwork by 3lr8nglh8niig our leom's owareness ond knowledg6 of pollcy ond procllce Prlnclpol rfiks ond vnc•itolnlles The IrLJsle05 monitor Ihc orGanis01#)n risk fegisler ond arc commilted to ongoing updolas, ensuiing the highest slandaid5 01 rnonagement ol th8 Gharity for oll it5 slakeholders. and slgntsd on Ils behall by-. Mrs C B¢Jxlori Page 3
Klngs Acllve Foundatlon Trustee5' Report The trustees, who are directors lor the purposes ol company law. present the onnual report together the financial slolornenls ond ouditor5' repoil ol the churitoble group lor the yeor ended 31 Dac&mb&r 2024. Obleclves atTrd tscllvities Obl•cts and olms The obj8cts of the charfloble group or8 to educate and asslsl young people tOugh Ih8ir leisuie activiti85 so a5 to develop Iheir phYcal, mental and spiriluol cupacit$ Ihol Ihcy moy grow to lull rnoturity as indivlcluals ond members ol so¢iety and thot their conditK)n ol Ille rnoy be improved. The rel1 in cases ol need ol young persons who aro sick. convale5cenl. disabled. handicapped or inllrm by providng or paying lor ittsms. Sfrvrgs or facillies whh or? calcvlolo¢J lo 0118vlate tha suffering or ossist the recovery of 5uGh persons in such case$ bul afe not readily availoble lo Ihern Irom olher sources. The Chority's main obl&ctpies for the year were connected to our vision of a wodd where Ghildren bve bewg actfve by.. - Gefiing more children actrie. havhg lun and lecjrning logelher Helping partner-organisotbns lo inprove the quality ol Iheir chlldren's progromme5 - Providing M¢e yovry people wlh Wofk experience ond employment opportunities We have referred lo tha guidance contained in the Choity Comrnission's general Guidonce on public bencnl when ravwIng our 0irn5 ond oblaclives and In planning our luture activities. AcHvlty R•port Arter o consclovs deci¥ion In 2023 to focu5 on dalivtsry ol our sarvtes In the UK rolh8r than ov&rs&as. this r6sulted in elfe¢lv• ddivery ol progrommes lo 9.000 children ond young peoplc ol 14.wo ttelivity weeks. Qnd provision ol ovci ¢clivily 1?od•r jobs lor youn9 peopb. Portrnl. ywng peopl6 and partner 19gdb¢¢k w05 v•ry pollive ond the Ghurfty rnoinlained Its tsxcellenl heallh. safety and saleguardlng slondord5. Inve51Thnl ITh our slall team. heod ofil¢ systms and wtieach servlces. alongside low¢r Ihan a%pected revenves Irom c¢mp rcsvlted In a dr>licil 01 £137.807. tsnd cash reservos ol £557,228, The tnjstees or? groltlul lo the charitry'5 leadership t•am lor Ihelr ongolng leode15hip of the org¢nisallon pothcukjrly through the Ironilion. PubNc b•n•ftl Ihe Iruslee5 eonlvm Ihal Ihoy havc compliod wilh the requYem8nls ol section l of the Choritios Act 2011 lo ttove due regurd lo Ihe publc benelitgvldcnce publlshed by Ihe Churfty Commisslon lor England and Wales. Strvclw•. gov•monc• and monoq•rn•nl Th? boord and executive team w¢rk&d within Ihe ogreed struclvrg. goveffioncg ond monogement guidel'nes détailed in Ihc charities Terms ol Rel¢rnc¢. This Includod undertaking o Irusl¢e qu¢slionnowe lo ensure all boord momb¢rs ore lullilling Iheir rol¢s ¢nd r•sponsiblllbs. Nalur• olgovwnlng document The company 15 limiltrd by guarantee and its objects, ptswers and eonslilulionol malleis are sel ovt in ils MemorandL+m and Articles ol 50cliOr1. R•crvMm•nl ortd appolnlm•nt oltry#tse4 Irv51ees ore selecled by the Booid. Recommendalions lo the board can bc received from exi51iro Tru51@cs or Executive DTeclots. Ratlftalion ol recornrnendolions by Ihe Board 5hovld b8 unanimou5. Trustee appointments will bc made lor o temi 013 yeor5. Appointmen15 will be subject lo o re-nonrynolion process by Ihe Boord al the end ol each 3-year term. Wlhough re-oppoinlrnent is not automac. il is desirable lorTru5te8s lo occept Iher role wlh Ihe view10 serving mora Ihan a Single lerrn. Page 4
Klngj Actlve Foundallon Trvite•i' Report Inducllon ond Irolnln9 oltrusl•es All 8oord Mambers are r8quir8d ta undertoke (Jn induGtion within the Chorty in the flrsl 3 months ol Ihelr oppolnlment lo the Boord. New Board Members will undertake a 6.monlh probation period before conl¥molion ol their lull appoinlmenl. Soard members vndortoke on incluction process outlining thelr rol&. responslbilitles. the aGtivltlgs of knngs, how the board operotes. accovnlability undef the Componies Act, Ihe mermrandvm and and relevant legislotion. The induclion process Includes.. Sultawlty meeting with Chawnun and CEO thol includes i. Mission. V5sion. Volues n. Roles ond responslblnlles (Board Term5 of Rol¢r8nce doc Inlormallon pack thol includes.. Boar¢Y Terms ol Rel6renc• ii. Doclaralion ol Irusl ill. Finance Info(k)hOn1BUdgef} iv. Fintsneiel oceounls v. Mlnutas from Ihts past 12 month5 vl. Personnel structure vli. PUbl[ty molervJLs Rlsk reglslar InvltaHon to gtt•nd ¢$ ¢ gu•sl ol 0 Board m*•llng Six.monlh probation period Affanqem•nts lor J•lNftg k•y monaqfrm•ntp•rsonft•l r•mun•rollo None gf the tIV5tges rec&lve remuneratlon or other beneffts from Ihelr wort wllh the charlty. H¢w•¥er. lh• key monogement receivad an a99re9ate Sory DI £263.89812023- £275,261). The remuneration package lor Ihe key monagemenl learn 15 set by the tnJst••s on on onnuol bo$1s, Page S
Klngj Acllve Fovndatton Trustees, Report Polky on reserves The currenl level ol resèrves slands at £712.985 feloting enlirety lo unreslricled lunds.11 is Ihe policy ol Ihe charity lo rftaw)lain unr8sliGted hunds. which ore the free reseNes of the charffy. desired minimol level ol raseNes is equal to 6 monlhs ol expecled ovethead expendilwe. The actvol value ol Ihe reserve is lo be delermined and ogreed by the tiuslees in quorter 4 01 the period preceding the peAod In which Ihe reserva V81 i% effectlve. Orgonlsollonal slructur• The Boord comprises Ihe Twstees ol the Chorily who ore the independent (Jirectors lor the purposes of Componies Acts os well os Ihe ExecLJlrrftt O¥ttclofS who omend in on ex-oificio capoeily. Because ol the current Chority Acl legislation. the Trustees are rosponsible lor poNcy and opprowng nancial budgets ol tha chority. The Executlve Direclors run Ihe charity within the opproved guKlclines set by the Trustees. A Memortsndum ol Understanding has baen signed b8hveon tho Trusltros ond Ihe Executive Dirgclors regarcjing poIV ond tho operational decision-making process. Invtslm•nl policy Kings Acffve Foundation moy invest In sfocks. lund5. Shares, seeurlties or olher Inve5tm*nts at Ihe Irv51oes dlscrelion. R•lallonshlpi wllh r•lal•dpcrtl•s The KAF Pral•sslonal S•Thk•s Urnlted Wholly owned subsidiary. the fesulls ol which ue Incofporalcd into the grtsup accounls. The eornpany coffie$ ovl Ihc ¢dlng ocllvitbs ol the ¢h¢rfty. Th• company works wth a variely of organisatlons ond specia115? in provldlng children'5 aclmly 09rarnffies io th¢ holiday sector Iough progrummo desvJn. recruitmcnl services. in-person and online Iroining and service dellv•ry. Any prollts made by the subsldi¢ry or? ¢ov•nonled to the par?nt ch¢dty. Relerenc• and admlnlJlffalhf• d•talts Kin95 Aelive Poundolion ts registered wilh Ihe Chorfty Comrnlssbn l¢r EngLind and Wa185 ufKlei 111¥ 5¥y151¥ieLI i)vri)bei 1105460 and the Scottish Charity CommIlan under SC043119, The charty resrfslered wlth Compan5 House undar the regislralion number05099069. The governing document i5 a deed daled l T Saplemt)ef 1991. amended on 3 ju 1997 and Sup&mnted on 13 Sept8rnber 2001. See page I lor the princlpal office address, 1118 Irvslees arid offlcers. DlJcloiur• ollnlormollon lo audllor laeh Irvslee ha5 token 51cps Ihal Ihcy oughl lo havo lakon as a Iru5180 in Ofder lo mak8 Ihem56lves aware ol any relevonl oudll inl¢ymulion and to estob15h Ihot tho charity'5 oudltor 15 aware ol that information. The Irustaes conflrm Ihat thera 6 no relevanl inlormali)n Ihal they know ol ond ol which Ihey know Ihc oudilor 15 unaware, Roappolnlrnonl oluudlloi The auditors Londin Wilcock & Co aro ¢¢omod lo >6 ieappoinled undor s¢¢lion 487121 ol Ihe Companiè5 Act 2CrfJ6. The annual report was approvod by the Irusl¢es ol the charity on ,iolql and signed on 115 beholl by.. Mrs C 8uxton TDJ5100 Pa8e 6
Klngs Actlve Foundallon Slatemenl of Tru3lees' Responslblll•s The Irustees (who tsre oko Ihe direekor5 01 Kings A¢18 Foundoll¢)n lor Ihe purposes ol eompony lawl are sponSible lor praparfng Ihe trustees, report tsnd the flnonc5(Jl 5totements in accordance with the Unlted Kingdom Accounllng Slandords (Unifed Kingdom GeneralW Accepted Accountin9 Praelicel ond opplcoble law and regulalions. Compony low requre5 the trustees to prepare fnonclol slotemens fix oach financial year. Under cornpony PJW th8 trustees must not opprove thè Ilnancial 51cJtemonts unless they are sotlslled Ihal tt)ey gNe a true ond lair view ol the stole ol ollairs ol the charftoble c¢)mpany and of it5 incoming rgsovrces and opplcollon ol r&sources. Includlng Ils Income and axpendllur6. lor Ihol perbd. In preparing these linoncial slatemenls. the tru51ees ore requKed lo.. 58leGt suit(Jble occounting polties und opply thern CS%1enfly'. observe the methods ond princlples In Ihe CharfN6s SORP.. moke pdgements ond estlmates thot ar6 raasonabla and prudent.. slate whether opplicoble UK Acc(>Jnting Stondords havo been followed, sublecl lo any moleriol departLKes dlsclosacl and exploinad In th6 financlol statements.. and prepare the h'noneicjl stolemenls Qn the going concern basls unless il Is Inoppfoprfate tro presume that I charltatsl• company wlll contSnvè h bVnesS. Th• trust••s ¢r• r¢sponslbl? lor keoping od¢quute accounllng CordS that ar• suffl¢l•nt to sh¢)w and •xph3in th• ¢harftat4 company's Ifansacllons oncj di5c105e with re(xon¢ble ac¢uracy al any lime the flnanciol posltlon ol the chorllable company and enobkn them tQ On5ure thgt the Ihonclgl 51otements comply with the Companies Act 26. They are olso responsib for saleguarcllng the 05s&ls ol the eharrtobl& Ctsmoany and henee lor lok#ig reasonuble $lèps Icf Ihe preVentn and deleclion ol fraLJd and other IrreguloriNes. Approved by the Irust8es ol charity on.. .and signed on ils beholf by.. Mrs C Buxlon Twstee
Klngs Aclfve Fovndatton Independent Audltorfs Report to the Memb•rs of Klngs Aclfve Foundallon Oplfilon We hove oudited th8 fir)anciol statements of King5 Active Foundolion (the'choritab parent company'l ond its subsidiarbes Ithe'group'l lor the yeor encled 310ecembef 2024. which Cfymprise the Consolidoled Stolement ol Financial AclivilÈs, Consolidated Bolonce Sheetr. 8obnc8 Sheet. Consor01ed Stotemenl of Cash Flows ond Notes to th8 Financlol Slalements. including a surnmory ol svJnificant accounling policies. The financial reporllng Iramework Ihal ha5 been app15ed n they prtsporotk)n is United Kingdom Accounling Slondords. comprising Chorilies SORP FRS 102'The Finonciol Reporting Standard applicable in the UK at)d Republi ol treland, and applicoble law (United Kingdom Gènerolly Accepted Accounting Practicel. In our opinion Ihe linonciol stat6mentrs'. give a Irvo and loirwew ol Ihe stote of the grovp'5 and parenl charity's affairs as 0131 December 24 ond ol group'5 resuws for Ihts year then ended.. have been propody prpar&d In accordance wTh Unil•d Kingdom Generally AcGepled k¢ounling ProGtice-. and Mavo been prepord in accordonce wlth Ihe requiremenls ol the Companie5 A¢1 2COO. basli lor OF4nSon We conducted ovr avdll in Qccordonce wSth Intem¢tlonal Slondards on Avdthng IUKI IISAS IUKII and appIabl8 law. Our re%pon5ibili118s vndcr Ih05e Standards ore further described in Ihc Audilor'5 rtr5POn5ibi¥lies lor Ihe audil ol Ihe linaneial stotgmenls 5?ction ol our report. We are indgpendenl of the group in gccerdance wilh the ethlcol r8qurgm•nt5 that ore relevanl lo our avdil ol Ihe linoncial slalemenls in Ihc UK. includin9 Ihe FRC'S Ethical Slandord, ond we have luifilled o olher ethal regponslbillies In o¢¢ordance vllh these r8qulrernents. We belleve that the avdil ?vld?nc• we hove obtained is suificicnl and appropriolc lo pfovKle a boss lor our opinion. Coneluilons i•lallng to golng conc•rn In audiling Ihe linoncial $lalemen15. wc have conclvded that th& Iruslees. Use ol Iho gong concern bosis ol aecovnling in Ihe weporotion ol Ihe linanciol 5totemen15 Is oppropriot?. Bosed on Ihp work we hove pcrlormed. w¥ liuve riul I1111r1L'd uiiy iiiolei'iol uiicertainlBs reloling to events or condilv)ns that. Individuo11y or colbctivety. moy cast significant doutst on the chaiiloble compony's abillfy lo conllnve os o golng concern lor a poriod of al basl le1ve monlhs from when Ihc linonciol rtalrJmen1s are oulhtiised lor issue, Ow responsibilit5 and Ihe responsibilit485 of the trustees th r•spect to Going concem aro dtsscribod in lh8 rebvant Seitions ol th report. Olh•r Inlormomon Thg tnjstées oro rospon%bb for the Dlher inl¢mation. The other Infoimalon cornpri5es the inlcymalion inGlvd?d in the orinual report. olher Ihon Ihe linanckil statemanls and ouroLJdilor's report Ihoreon. Our op'nion on the liianciol slolemènls does nol cover Iho other inlormolion and. except lo the exlent otherwise exP11t1Y $t¢t•d In our report. we do not expr•$s ony form ol ossurance con¢lu$ion thereon. Pa8e 8
Klngs Acllvo Foundation Independent Avdllor'5 Report to the Members ol Klngs Acllvfr Fovndatlon In connaction with our audit ol Ihe finoncial 51atements. our responsibility lo read the other Informallon ond. in doing so. conskyer whether tne olhei inlormolion is maleholly inconsslenl wth Ihe financial slalemenls or our knowledge ooloined in Ihe audilu otherwise appeors to be moteriolly misstoled. If we idenlily svch moteriol inconsi5t¥ncies or opporent moleriol misstatements. we are required lo determine whelher there is a material misslatemenl in the financial statemen15 or a molwiol mlsstoltsmenl ol the othei inlormalion.11. based on the wotk we have performed. we conclude thot Ihere is molerial misslalemenl ol Ihis other inloimolion, we ore requ¥ed lo repoil Ihal locl. We have nolhing lo feport in ItNs regord. Oplnion on olher morters pr•scrlb•d by lh• Companl•s Act 2 In our opinion, based on Ihe wtsrk undertoken in Ihe cowse ol Ihe audll.. tha information gpien n tho Slrotegic Reportr ond Trust&es' Report for the Ilnonclal year for whlch tha flnonclol stolements are prepored is con%slenl wilh Ihc liThJncDI slolemen15'. and lh¢ Strategic Report and Trust&es' Report have been prepared In accordance with upplcable legal raqv¥cmonl5. Matt•ry oll whlch w• ar• i•qulr•¢J lo r•port by •xc•pllon In the lighl ol our knowlcdgc ond understandin9 ol Ihe 9rovp ¢nd Iho p¢rent choriloble ¢omp¢ny ond 11$ 8nvY¢nmenl oL)loiiied in Ihe covrse of tho ¢udlt, we hov? not id?ntlfS?d mot?d¢l mlsstoternents in lh Strattrglc R•p¢rl ond th¢ Trust¢•s' Roporl. We have nothirrfJ to report in respecl ol the lollowing m¢Jllers where the Componies Ael 2006 qUIreS vs lo iepoil lo you il. in ouroplnlon.. adeqvalo occounling records have nol been kept by Ihe parenl charllable company, or relLKns adequate for our avdil hove not boen ceed from bronches not vlsiled by us,. or he parenl charilable eompony financial 51olements are not in QgreeffI wilh the aceounling records ond r8hJrns.' or certaln di5c105ures of truse8's remuneration specilied by low or& notr made.. or we have not receivod al Ihe inlomalion and explanations we r6qvire lor our auait, l•sponslbllltlw ol trust••J As explained more lully in the Slolemcnl ol TDJ51ees' Rcsponsibih'lics Isol out on pogo 71, rhe Iiuslees are responsib lof Ihe proporoh'on of the flnancial stoternents and lor being salislied Ihol they give a Irue and fair view. ond lor such inlemol control 05 the Iruslccs delein0 is necessory lo enoble Ihe preparah'on ol financial slalemenls Ihol oro Iroe from maleriol ml55taFernent. whalher due to Iroud or error, In preparfng th6 flnanclal 51atemen15, the Irustees are responsibk Iix assessing the group's and the patynt charitable compony's ablily to conlinuc os a going conctsrn, disclosing. os opplicoble. Malle rolalcd lo going concorn ond using the golng Loncem bosls of occounting unlass tha t$1&09 olthtsr Intènd lo liqvSdal• th• group or tha paroDt ch¢ritabl• company or lo ccaso opeiolions, or have no realis1 ollernalive but lo do so, Page 9
Klngs Aclfve Foundatton Independent AvdltOf'S Reportto Ihe Members ol Klngs Aclfve Foundallon Avdtor's responilblM•s lor the of the flnanclol itotemènts Ovr objectives are to obtavi reosonoble ossvranG8 obovtwhelher the financlol stotements os o whole are Iree from rrboleriol msslolement, whether due lo Iraud error, ond lo issue an ovdilor's report Ihal ineludes tsur opinion. Reasonable ossuronce s o high bvel of assurance but Is not a guarontee Ihot on ovdit conducted in accordoThce wllh ISAS IUKI will olways delecl a materiol mtsstalemenl v4hen11 exists. Mi5slalemen15 can orise Irom fraud of error ond are considered molerial if. individualty c¢ in the aggregote. Ihey coukl reasonably be expected lo inlluanca th8 economic deci%ons ol users laken on Ihe boss ol Ihe5e financial slotement5. IrreoularilEs, including Iraud. are instances ol non-complonce wllh law5 ond regulolions. Wè design procedufes in line with our rasponsibilit$. ovtlin8d above. to dtsFact maleriol misslotements in respectof irregLAarSlies. incbdlng froud. The extant to which our procedeS ore CaPaDle ol delecling irregvlorilies. including froud 15 deloiled below.. - no reliance hos been plaeed on the opefallng ellectlveness of inlomal 5y5toms and Controls when desvJning and plannlng tho substonNv6 16stlng procedures. ¢JiScuson$ were held wilh Ihe eli&nl r¢garding ony known non<ompllance with rvle5 ond regubtions and Iiaud. We 0150 Inspèctèd Otsled reports from any ¢omplian¢a visitrs obtoined trom the Ofsted website. . kurnol nlrfes were scrutIn8 and ¢ny vnusuol ¢SImentS ovtslde the nrxmal coursa ol bvslnss w•r• ch6cked lo en5vre Ihey wore free from managomenl bio5. accounlirtg eslirnales within the Financ1 Slolemenls have been id6nlilied and then scrulintsed lo ensure IPK)t Ihey are opplied consi5t•nlty and Iroe from blas. Ihefe ura inherenl limitatior In the oudlt yocedures d•s¢rfb•d abovt. and th• further removed non<ompllon¢tr lows and re9ulolion5 Iiom rhe ovenls and tran50clions re1clCd in the finoncK)151olemenls, the less Ikely we woukj become ¢wore ol It. A150. the rfsk of not detectSng o materkjl rni5slateellI due to travd Is hiqher thon the rfsk ol not detecNng one rcsulknng from error. as Iroud moy involve deliberate conceolmonl by. for example. lor9ery or inlentional misroFyesenlatv)n5. or IN¢)Jgh collus10n. A further ole5cdpHon ot our respon5lblltS Irx the audit ol the Ilnanclal statements is located on the Flnanciol Reportlng Council's web5ile ol www.Ire.org.uklauditOfsreSoonbIIilIes. This descriplDn lom5 Part of our Report ol Ihe Audilon. Ui• ol oui r•port Thi5 r8POrt Is made In th• chtirilobl& paront company's truste85. a5 o body, in occ¢ydon¢e wlth Chopt•r 3 of Port 10 ol the Companie5 Acl 21M)6. seclion 441 I Ic ol Ihc Chorilie5 ond Trusleft bvt)stmpnl15collondl Acl 2005 and regulolion 10 ol Ihe Charities Accounts (Scotlondl Regulotion5 2006 las amandadl. Our ovdll work hos been Undertaken so Ihal wa mkJhl strate to tha group's l(u51ees Ih05c motrters we are reqU0a lo stale lo Ihern in an audilor'5 repart t)nd lor no olher purpose. To the lullesl extenl permilled by luw. wtr do not OLcopI or 05svine re5pon5ibilty to anyone other Ihon thè ChuItab porent company and 115 Iruslees as o body, for OLK audil work. lor Ihis report. or lor Ihe opinions we have lormed. Page 10
Klngs Aclfve Foundallon Independent Avdltor's Report to Ihe Members ol Klngs Acllve Foundatlon As part ol an audil in accordance with ISAS IUKI. we exercise professional jvdoemenl ancl maintain prolessional sceplicism throughoijt the avdit, We a150'. Idantify ond as50SS the risks ol material misstotemfnt of the financial stot&ments. whetrher due to Ircjvd or etror. design and perform oudil procedures responsive lo Ihose risks. and obtain audil evidence Ihol 15 sufficient ond ppropriottr lo provide o bosis for our opinion. The risk ol not detrecting a mtsteilal mlsstotemenl resulling from fraud is higer than lor ono iesthling Irom crror, os fraud may involve collusion. forgery. Inlenlionol omi55ions. misr&pr8sentutions. or th8 OV81ride ol inleTnal control. Obloin on undorslandin9 01 ini&rnoi etsntfol levonl lo the uvlil in order lo design audil proccdvros Ihal ar oppropdote in Iha circumslonces. bvl not lor thg purpose of expre55ing an opinion on the effecliveness or th? group's inlernol conlrol. Evalval& the approprloteness of uccounting polcies used and the reasonableness ol occounlSng &stlmales ond relatred disc105vres mad8 by Iru51ees. ConcKJde on the appropriolene55 01 Ihe Irustee5 Use ol the going concefn basi5 01 accounling and. based on Ihe audit eviolence obloined. whether a malerlijl uncertainly exist5 related lo oyentrs oi condltions that may cost sni11c0nl doub. on Ihv group's or rhe paronl chari10b compony'5 obility lo continue os o going onc8rn. If we conclud& Phal o moterial uncerlainbrf exist5. we are required lo draw ottrenlion In ovr ovdilor's repart to Ihe reloted di5closwes in Ihe linoncial slolemenls or. il such d15closures are inadequale, lo modify our opinion. Our conclusion5 ore bostsd on the ovdit evidence otslained up lo the date of our audilor'5 report. Hohvcvcr, lulurc cven15 or condilions may cause Ihe group or Ihc parcnl cttoriloble compony lo cease lo conlinve as a going concern. Evaluat• th• ov•rall prastrrylalion. stnJclure ond content ol Ih• fln¢n¢l¢l s1ot¢m•nls, In¢lud5ro Ihg alsclosures, and whelher the financial slal8menls represeni Ihe undeflying Iransoclions ond evenls in a monner Ihol achleves lalr pr&sonlatlon. Oblain suflicicnl approprialo ovdil evidonco rcgarding Iho financial inlorrnation ol the enlilies or busincss octrlvities within the group lo express an opinion on the Inanciol statements, We are responslble lor Ihe direeli¢n, sup8rvisi¢n und prform¢Jneo ol the or¢up audil. We remoin solely r85ponsible lor our audil tspintin. We communicale wlh 0$e choroed wilh 9overnan¢¢ re9afding. among olhor mallcrs, tho plannod scope ond limin9 01 Ihe uudll ond sigpilicant oudll Ilndings, 5ncludlng ¢ny 5ionlfl¢onl 4¢llcl•n¢les In intemal control that we identify during our audil. Torn Henshow (Senlor Slotutory AudlForl For and on behalf of Landin Wilcoek & Cp. Slolulcry Auditor 68 Quccn Slroel Shefrli•ld SI IWR Date.. ..11.l.oqlis....... Page 11
Klng5 Actlve Foundollon Consolidated Statement of Financlal Acllvltles for Ihe Year Endod 31 December 2024 (Includlng Consolldated Income and Expendltvre Account and Stalement ol Total Recognised Gains and Losses) Noto Unrestricted Restrfcted fvnds funds Tolal 2024 Income ond Endowments from: Donations and legocies Grants received Choritoble octivities Irivestmeril iriLDrne Income from other trading activlties Total Income Exp•ndllure on: Raising funds Charitable activities Total Expenditure 184 184 249,594 2,439,274 29,629 30.380 2.749.061 249,594 19.600 2,419,674 29,629 30,380 2,479,867 269,194 12,3181 12.672,094 2.674,412 12,3181 212,4561 12.884,550 212.456 12.886.868 Net Incomellexpenditurel for the year Tranrfers belween funds Nel movement in Funds Reconclllatlon of funds Total funds brought forward Total funds carried lorolard 1194,5451 56,738 1137,8071 56.738 56,7381 1137,8071 1137,8071 850,792 712,985 850,792 712,985 19 Not• UnrestflctÉd Restrlcted lund5 funds Total 2023 Income and Endowments from: Donations and legacies Grants received Choritable activities Investment income Income from other trading oclivities Total Income Exp•ndltur• on: Raising funds Chorilable activities Total Expenditure 316 316 243.202 2,506,429 32,623 29,914 2.812.484 243,202 2,506,429 32.623 29,914 2.569.282 243,202 18,3171 2.672.960 137,670 2.681,2771 1137,6701 18,3171 2.810,630 2.818.947 Net incomellexpenditurel for the year Transfers between lund5 Nel movement in funds Reconcl1l¢On of fvnds Total funds bfought forward Total funds carried fopNard 1111,9951 105.532 16.4631 105,532 1105,532 16,4631 16,4631 857.255 850,792 857,255 850.792 AJI of the group'5 activities derive from conlinuing operotions during the above two period5. The fund5 breakdown lor 2024 and 2023 15 shown in note 19. Page 12
Klngs Actlve Foundallon (Reglstrollon number, 05099069) Consolldated lalance Sheet as al 31 December 2024 Note Total 2024 2023 Flxed ass•ls Tangible assets Investments 89,051 367 89,418 105,662 367 106,029 12 Currenl assets Investments stocks Debtors Cosh at bank ond in hand 13 118,253 40.635 121.074 557.228 837.190 509,542 45.884 109,597 213,114 878,137 15 Credllors.. Amounts falllng due wlthln one y•ar N•t curr•nt ass•ls 16 1213.6231 623.567 1133.3741 744.763 N•t assets 712.985 850,792 Funds ol the group: Roslrlcted Incom• lunds Unreslrfct•d lundi Unrestricted general funds Tolal lunds 712,985 712.985 850,792 850.792 The linoncial stolement5 on pages12 to 31 were opproved by the trustees. and authorised for issue on .Iqla< ond signed on their behalf by.. Mrs C 8uxton Tnjstee Page 13
Klngs Acffve Foundation (Reglslratlon number.. 05099069) Balance Sheet as at 31 December 2024 Not• Total 2024 Total 2023 Fixed assels Tangible assets Investments 89,051 369 105.662 369 12 89,420 106,031 Current assels Investments stocks Deblo Cash at bank and in hand 13 14 15 118.253 40,635 121.074 539,257 819,219 509,54'2 45.884 100,328 205.375 861,129 Credlt<xs: Arnounts lalllng due wlthln one voar Net cvrr•nt assets 1223,7181 595,501 1137,9651 723,164 Net assets 684,921 829,195 Funds olthe group.. Reslrfcled Income funds Unreslrlcled funds Unrestricted g8n8ral funds Tolal lund$ 684,921 684,921 829.195 829,195 19 The finon ial stotement5 on pages 12 10 31 were opproved by the trustees. and authori5ed for issue on - and signed on their behalf bv.. Mrs C Buxlon Trustee Page 14
Klngs Acllve Poundatlon COnsod018d Statemènl ol Cash Flows for the Year Ended 31 Dècember 2024 Note 2024 2023 Cash Ilows from operatlng actlvllles Nèt income 1137,8071 16.4631 Adjuslmenls to cash flows from non-cash Items Depreciah'on Investment income Change in mortet value ol current assot investment 68,462 129,6291 18,7101 1107,6841 58.561 132.6231 19.5421 9,933 Worklng capHal adluslments Dècreasellincreasel in stocks Decreasellincreasel in dèbtors Increase/ldecreasel in creditors Nel cash flows from operating activilies 14 5,249 111.4771 80.249 33.663 113,6331 7,604 1182,5151 178.611 Cash flows from Invesllng actrvltl•s Inlerest receivable ond similor income Sale of current asset investmenls Purchose ol tangible fixed assets Nat cash flows from investing octivities 29,629 400,000 32,623 i 00.000 101445 31,178 377,778 Net increase in cash and cash 8quivalenls Cash and cash equivolenls at l Januory Cash and cash equlvalenls ot 31 December 344,115 213,114 557,229 1147.4331 360,547 213,114 21 21 l of the cash flows ar8 derived from conlinuing operations during the above pèriods. Pa8e 15
Klngs Actlve Foundallon Notes lo the Flnanclal Statements for Ihe Year End•d 310•c•mber 2024 Accounting polcies Summory of slgnlllcont occounling polcies ond key occounffing •sllmales The principal accounting pollcies applied in the preparation ol these financial slalemanls are sel out below. These policies have been consislenlly opplied lo oll the yeors presented. unle$5 olhepAise 51oled. Slalem•nl of complanc• The linonciol 51alemenls hav8 been prepored Sn accordance wth Accounting and Reporting by Charflles.. Slalemenl ol Recommended Practice opplicable to chori1Se5 preparing thelr accounts in accordonce with the Financial Reportin9 Slandord applicoble in tho UK ond Republlc ol Ireland IFRS 102118llective l January 20191 Icharilies ORP IFRS I O .11. thc Flnonclol Ropothng Slondaid appDcablc in tho UK and Rgpublic ol Ir8bnd IFRS 1021 and the Companie5 Act 2W6. asl$ of pr•parallon Klngs Active Foundolion mee15 the dellnllion ol o pvbac benelil entity under FRS 102. Ihe finoncS0l statemen15 have be8n prepared in accordance wlh the Chariffes SORP IFRS 1021, Financial Reporting Slondard 102 and the Componles Act 2LMJ6. The 1Snonciol slotemenls have been prepared under the hislorlcol cost convenllon, the excepllon ol Investments which are included at rnarket valu8. The pr8senlalion and luncllonal currency is consid?rod to be pounds slerfing because this is th8 currency In the pdmary economlc envlronment In whlrh the f.hnrftnblA C?rniJp np8rnta%. 0$13 01 ¢OnHda•[On The consdldolod IlnancS0l slalemen15 consolldale the Ilnancial statements ol the charlty and Its subsldlary undertokings drawn up lo 31 Decembar 2024. No slotemenl ol financial aclivlff es is presented lor the chorlty os permill8d by socllon 408 ol Ihe Companies Act 2006. The rhority made. a delicil lor the Ilnanclal year ol £137,80712023- deNcll or £6,463). A subsidlary Ss an entity etsntrolled by the chadty. Control is achieved where the charity has the power lo govern the flnoncial ond opeiating pollcies ol an en11ty 50 Q5 lo obtain beneflls from il% acmvltles. The results ol subsidlarles acquired or disposed ol during the year are Included in Ihe statement ol flnanclol oclivilles from the 8llecllve dole ol acquisition or up lo th• •llècliv8 date ol disposal, as opproprfate, Where necessary. odlustmenls are made lo the financial 5tolemen15 01 svbsidlarSes lo brlng their oc¢ounlSng policles into line with those used by Ihe gfQUP. Th• purchase method ol occounling is used lo account lor bvslness combinatlons thol result in the acquSsiticn ol subsldlarie5 by the group. The cost ol a busine55 combinallon Is meosured 0$ the loir value of the osset% given. eqi iity InitnJrnAntl i%lllAd rjnd finhililip..s inr.urred or as%iJmed at tha dale ol exchange. plvs Costs clireclly ottributobla to the bv51n8ss combinolion. Identifiable 055e15 acqulred and 1Sabllilies ond conlingenl Ilabilities assumed in o business combinallon are measurad initially al their lair valves al the ocquisillon data. Any excess ol the cost ol the buslness combinolion over the acquirer's interest in the nel foir value ol the idenfflioble osse15. liabilities and confingent liabillies recognised is recorded os goodwill. Inter-company transacttons. balonces and unrealised goins on transactions behveen the chority and Its subsidiarSes, which ara relatéd parties. are eliminoled in lull. Intra-group losses ar& olso 8liminated bul may Indicate an impairment that requires recognition in th6 consolidatad 1Snanclol sta18m6nl5. Pa8e 16
Klngs Actfve Foundallon Nol•s to tha Flnanclal Stataments far th• Y•ar Endad 31 Decambèr 2024 Golng Concern Th8 trustees consider that th&ra are no rratarial uncertainties about the gioup's ability to continue as o going concem nor ony signiliconl oreos ol uncerlointy Ihal allecl the corrying volue ol ossels held by the group. Ihe group has reslruclured by reducing stall numbers. It has shown resilience and ingenLJily in adapting to the r(Jpidly chonging environment ond have demonsliated Ihot they can weather ony lulure challenges oppropriolely. Ihe group wll be looking to increase their operotiorns going forward using the extensive knowledge gained from the pandernic. Given the lacl Ihol the group has bean obl6 lo achieve camp booking levels lo match pra£ovid levels, along th substanliol cash reserves Ihe hustees consider the group lo be a golng concem. Income and endowments Revenu& represents Ihe lees receivable lor the provlslon ol oclivities lo children during school holday excludlng VAT. Fees are r•cognis8d over thè pèriod ol dalivery ol the $8rvlc8. Donatloni and hqacl•3 Donallons are recogntsed when the charity hos been nolifled in thttng ol both the amovnl and setlbmenl dote. In the event Ihol a donation is subjecl lo conditions Ihol require o level ol performance by Ihe chortty before the charSty is enlilled to the funds. Iho income is delerr8d and not recognised until oither those conditions are lully met. or the lullilmenl ol those c¢ndillon51s wholly within Ihè control cl the chorlty ond 1115 probable that Ihese condifions will be lulfill&d in the reporling perfod. Gionts Gfonl Income Is r8cognSsed when received or when rece5ved or when the charlty becomes enmllecl to recelpl. Gran15 that have been recelved will be Ireoled os deferred Income wher8 there are specific requirgmen15 in the terms of the gronl that the Income recognlllon Is dependent on certain octlvitles belng completed In o lulure accounting period. Exp•ndllur• All expendllure Is recognlsed once there Is a legal or conslrucllve obllgalSon to that expenditure. it Is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expandilure heading that aggregate slmllar cos15 to that category. Where c051s cannot be directly attributed to particular headings. they have be8n allocol8d on a bas15 con5151enl with the use ol re50urce5, with cenlrol stall Costs ollocaled cn the basis ol time spent, ond clepreciolion charges allocated on the portion ol the ossel's use. Other support costs ore allocated based on Ihe SPf8ad ol stall costs. Ralslnq funds These ole costs Incurred In ollracllng voluntary Income, the management ol investments and thos8 Incurred In Irading aclivllies hat ralso funds. Chorflabl• ocNvth•i Chatllable expandire comprlse5 those ¢0515 incurred by the charity in Ihe delivery ol 115 acllvilles and serv1ces for its b&néliciarièS. It in¢LJd•s both costs that con be allocated dir•cl lo such ocliviliès ond thosè costs ol on indirect nolure neces5¢ry tc 5VPPOrt them. Support costs Support costs include centrol Functions and have been allocated Ic activity cost categories on o bosls consistent qth Ihe use ol resource5, lor exomple, ollocating property cos15 by floor oreos, or per capito, staff cos15 by the tirne spent and other costs by their usage. GoY•man¢• costi Thes8 inclvde the cost5 altributuble to the charity's compliance con5lltutlonal and stalutory requlremenls, including audit. strategic manogemenl and Irvslees, meetings and reimbursed expenses. Page 17
Klngs Acllv• Foundallon Nolès to th• Flnanclal Statement5 tor th• ye Endèd 31 Dacamber 2024 Taxallon The charity is considered to pas5 the lesls set out in Paragraph I Schedule 6 01 the Finance Act 2010 and tharelore it meets the definition ol o chariloble company lor UK corporation lox purposes. Accofdingty, the charity is potentially exempt from taxation in resp&cl ol income or capital gains recelved wlhin colegories covered by Chapter 3 Part I l of the Corporation Tox Act 2010 or Section 256 01 the Taxalion of Chorgeable Goin5 Act 1992. to the exlenl that such incoma or gains are appli&d e*xcIusively to chantable PL)rposes. Tangbl• fix•d a55ets Individual fixed asse15 ore initially recc¥ded al c05t, less any svbsequenl accumulated depreeiallon and subsequent accvmvloted Impairmenl1035Q5. D•pr•clallon and amortlsallon Depreciation is provided on tangible flxed assets so a5 to thle oll the cost or voluolSon. legs any estlmated resldual value, over their expected useful economic Ille os follo. Asset cla33 Molor vehicle5 Fixtures, filtings ond equipment D•pr•clatlon m•thod qnd rat• 25% slro1ght1Sne bosis 15% 133% 51raighl line basis Flx•d a$s•l Inv•slm•nti Flxed asset Snveslmenls. other thon prograrnme related Inveslmenls. ar& Sncluded at morkel value al the bol¢n¢e she81 date. Reallsed gains and losses on invoslrnents arè calculated as the dlflerence befvieen soles proceed5 and Ihelr market value al the 510rt ol the yeor, or Ihelr subsequent cost. and are charged or ¢rediled lo the Slalèmenl ol Financial Activitie5 in thg period ol disposal. Unreallsed gains ond1055es represent the movement Sn morkel volues durlng Ihe yeor and ore credited or charged lo the Statement ol Financlal Act5vilies basèd on the market value al the yeor end. Slock Stock is valued at the bwgr ol c05t ond esllmated s811Sng prSce less C05ts to complete and sell, after due regard lor obsolete and 5W-MOvig 5t¢xks. Cost Is delemlned uslng the first-ln, Ilrsl-cut IFIFOI. Trade debtors Trade deblors ar& amovnts due from ¢ustomars lor merchandSse sold or Servicos pérforméd in tha ordinary cours8 ol buslness. Trade debtors are recognised inilioly ol the Iransa¢lion prfco. They are subsequently measured ol amortised Cost using the ellecllve interest mehod,1gs5 provision lor irnpoiimenl. A provlslon lof the impoirment ol Irode debtorsls estak)Iishad when there is objecNve èvidence thot the chartty wlll r1 be able to collect all amounts due occordlng lo Ihe odglnal terms ol the receivables. Cash and cash •qulYalenls Cash and cash equivalenls comprise cash on hond and call depaslts, and other short_tem highly Ilqvid inveslm8n15 that aré r8odily convertible lo a known amount ol cash and ar8 subj6Ct to an insignificant risk ol change in valuè. Page 18
Klngs A¢tlve Foundatlon Nolas to th• Flnunclal Slatemenls lor the Year Ended 31 D•cember 2024 Irade credllor5 Trade creditors ore obligotions to pay lor goods or Services that have been acquired in the ordinary course ol business from suppliers. Accounts payable are classified as currenl liabilities if the charity does not have an unconditionol righl, ol the end ol the repocling period, lo defer selllemenl ol the creditor lor ol leosl Nvelve month5 ofl8r Ihe reporling date. If there is an unconditional right lo delef setllernenl lor at least e1ve months aller the reporting dole, they ore presented as non-eurrenl liabilities. Trade creditors are recognised initially at the transaction Price and subsequently measured al amortised cost using tha ell8clive Interest method. Forelgn exchang• Transaclions in foreign currencies are recorded al the rate ol exchange at Ihe dale ol the transaction. Monetary assets ond Ilablllties denominated in foreign curr8nci8s ot the bolonce sheet dote are reporl8d al the rotes ol èxchang8 prévaillng at that dale. Fund stru¢tur• Unfestricled income funds aré general funds that afe availabb for use al th& Ifustaes, discretion In lurth8ronce ol the obj8Ctives ol the group. Reslrict8d lunds are donoted for partlcular areas ol the ¢horfty work or speciflc projects undèrtaken. Flnanclal In$trvm•nts Classlftcallon Finoncial ossets ond nnoneial liabililles are recogn15ed when the group becomes o paty to the conlro¢lual provisions ol the InstNment. Finonciol liobilitles ond equity Instruments ore classified occordlng lo Ihe substance ol the conlraclual orrongemenls entered into. An oqully in51iurnenl 15 any contracl that evidences a residual interest in the as5e15 01 the group aller deductlng oll ol Ils liabilities. R•cognlllon and m•osurement I financial assats and fiabilities ore initially measured al transaction price (including transaction cos151. except lof those financial assets cla5silled as ot falr volue through profll or loss. whlch are initially measured ol lair value (which is normally Ihe transaction price excluding transaction costsl. unless the arrongemenl conslilules a financing Ironsocllon. 11 an arrangemenl con51ilules a Ilnanclng tronsacllon, the flnanclal asset or financiol liobilily Ss measured at the presenl volue ol the lulure payments discounted at o markol rat8 01 interest lor a similar debt instrument. Financial ass•ts and Ilabillties or• only offset in the slalement ol financial pcslllcn when, and On when there exists a legally enlofceoble right to Sel off the recognlsed amounts and the group intends elther lo sellle on a nel basls, or lo r8allse the asset and selllè the liobility simvltoneously. Flnan¢i¢l asséts ¢ro der•cognised when and cnly when al the contractual rights to the cash flows from tha flnancial asset explre or are 5ellled. bl the group Iransl8rs lo another poty substonliolly all ol the rfsks and rewards ol ownership ol the financial asg•t, ¢y ¢1 th• group, despite having relained some, bul not all, slgnllicanl risks and rewords of ownership. has ITOnSterred Control ol the a55el lo another paty. Financial liabilitSes are derecognis8d only when the oblgalion specifiéd in thé contract is dischargéd, cancÈll•d or expires. Pase 19
Klngs Acllve FoundaNon Not•s lo th• Flnanclal Slalemenls lor lh• Y•ar End•d 31 O•cembor 2024 Polr volue meosvremenl best evldence of fair value Is a quotad price lor an identical asset in an active mork81. When quoted prlces are vnavoiloble, the pricè ol a recent Ironsoction lor on identicol assel provides evidence ol loii volue os long as there has not been a signiflcanl change in economic circumstances or a sSgnlllconl lapse ol lime nce tha Ironsaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good &stimale ol falr value, the loir value is estlmated by using a valuation technique. Pa8e 20
Klngs Actlv• FoundaHon Not•s lo the Flnancld Statemen13 lor the Year End•d 31 Docember 2024 2 Income from donamons and grants Umestrlcled Re5tr1cled fund$ funds General Incom• Total Total 2024 2023 Donations from indlvlduals Grants 184 316 243,202 243,518 249.594 249.5P4 249,594 249.778 184 3 Incomg from ¢h4Jrllabl• qcHvltt•i Unr•strlct•d R•strl¢l•d lunds lunds G•n•ral Income Total Total 2024 2023 Sports camps UK 2.419,674 2,419,674 19.600 19,600 2.439.274 2.439.274 2.506.429 2,506,429 4 0lh•r Incom• Unr•5Mct•d R•strlct•d Ivnds lundj G•n•fal Total Total 2024 2Q23 Income from tradlng 5ubsldiary 30,380 30,380 29,914 Page 21
Klngs Acllv• Faundallon Not•s to I1 Flnanclal Slatements for lh• Y•ar Ended 31 December 2024 S Expendllure on chailtable (lIvI11e$ Acllvlty undertak•n dtrècl Actlvny $vpport costs Total 2024 T¢)lal 2023 Sports camps UK Overseas charftabb o¢llvllias 1.676.900 12,833 1,689,733 1.186.455 2,863,355 12.844 2.876.199 2,771,049 1.186.466 2,802.230 2,66J,14'2 I18 £2,664.1911 of the above expenditure wa5 allribulable to unrestrlcted funds and £145, IW13)23 - £137.43311o restricted Ivnds. In oddimon to the expendlture anatysed above, there are a150 governance costs 01 £8,35212023 - £8,4(Y)I whlch relate directly lo chorfloble ocmvllies. See note 6 for further deloS15. Pase 22
Klngs Acllve FoundaHon Notes lo the Plnanclal Slatemenls for the Year Ended 31 O•c8mb•T 2024 6 Anafysis ot go¥ern¢nce and support costs Charllable acllvlNes expendllure 8asls aloc(Jlktn Unr•strlcl•d Resttlcted fvnds lunds G•n•ral Total Total 2024 2023 Premises costs Wage5 and salaries Staff wallare and training Prinllng. p05toge and statlonery Molor and travel Legal and professional Bank charges Depf8claff on ond10s5 on di5POsal Usage Usage Usage Usoge Usagè Usage U50gg Usoge 205,485 815,807 18,392 6.522 30,S07 22,152 19.129 68.461 1,186,455 205,485 815,807 18,392 6,522 30,507 22,IS2 19,129 68.461 1 186.455 219.068 853,242 20.699 3.831 39.90S 40.303 17.179 58,563 1 ,252.790 Support colts dlocal•d lo char11abl• acllvltles Basls ol alocallan Sports camps UK Ov•r3•0s charftab ac11v1•S Tolal 2024 Legol costs 51afl cos15 Prem15es C051s Including d8preclaffon Olhef support costs Usage Usage Usage U5ag8 22,152 815.607 273,940 74,539 22,152 815.807 273,946 74,550 1.186.444 1,186.455 basls ol alocallon Sports camps UK Ov•rs•as charltablts acMvlll•s Total 2023 Legal costs Stall eosls Premises casts Includlng d•pr•ciatlon other support costs Usage Usage Usage Usage 40,303 8S3.242 277,631 81.327 853.242 277,631 81.377 1.252,503 1.252.553 Page 23
Klngs Actlvè Foundatlon Notes to the Flnanclal Slatem•nls lor lh• Y•or End•d 31 D•cembw 2024 Governance cojts Unr•strlcl•d R•strlcted funds funds G•neral Incom• Tolal Tol< 2024 2023 Audlt lees 8,352 8.352 7 N•1 Incomkngloutgolng r•sourc•s for the year Includ•: 2024 2023 Depreclallon of rtxed ossets 68,461 58,563 8 R•lat•d p¢th transqcllonx No Iruslees. ncr any persons connacled wSth Ih8m, have received any remunfjration from the group durfng the yflar A company in whlch a tPJslee has a 5ignili¢ant interest has provided seNlces lo the chorfty. Ih6 value of servlc85 durfng the yea115 £4,SCO ond the tronso¢Mon was Carried out on an am's length bosl$. There is no balance dve lo or from Ihls compony ot the year end. Pa8e 24
Klngs AcHv• Foundallon Notes to th• Flnanclal Slat•ments lor the Year End•d 31 De¢emb•r 2024 ? Slaff colts The oggregole poyroll c051s were os follows: 2024 2023 staff costs durlng th• y•ar W•f•: Woge5 and solorie5 Social 5ecurlty costs Pension cos15 Terminat5on and redundancy c0515 1.514,SS7 92.801 38,799 1.348,628 83,792 101,837 92,853 1,627.110 1.646,157 Penslon comrnllments at the year end were £nil12023- £nill. The monthly averoge number ol persons linclvdSng senlor monagernenl leaml employed by the grc*UP durfng the year expressed as lull-time equivalents wa5 as follows.. 2024 2023 ead office Camp 25 93 24 96 The number ol employees whose emoluments fell wlthln the follon9 bands was.. 2024 2023 £60,WI - £70,OC() No employees recelved employee ben81Sts ol more than £60,0W. 10 Audltors, r•mun•rqtton 2024 2Q23 Audlt of the Ilnanclal stat8ment5 other non-ovdll servlces - payroll 8,352 5,709 14.061 13.940 Page 25
Klngs Acllve Foundatlon Notes to the Flnaftclal Slatèm•nts for the Year End 31 Dacamber 2024 11 fanglble Ilxed 055els Motor vehlcle5 Furnlture and •qulpment 5port5 equlpmant Totol Cost Al l January 2024 Additions Oisposats Al 31 Decernber 2024 7S,778 102.955 21,522 66.715 30,329 245,448 51,851 75.778 124.477 97.044 297.299 Depr•clallon Al l January 2024 Charge for the year iminatéd on disposals Al 31 December 2024 24,236 18,944 79,301 21,134 36,249 28.384 139,786 68.462 43.180 100.435 64.633 208.248 N•1 book valv• Al 31 December 24 Al 31 December 223 32.598 51.542 24.042 23,654 32,411 30,466 89.051 105.662 Motor v•hlcl•i and equlpmenl Swls •qulpm•nt T¢tol Colt Al l Jonuary 2024 Addillons r)i5P05a15 Al 31 Decernber 2024 75,778 102.955 21.522 66.715 30.329 245.448 51,851 75.778 124477 97,044 7,299 Dfrpr•claHon Al l January 2024 Charge lor the yeof Ellminaled on disposa15 Al 31 December 2024 24,236 18,944 79.301 21,134 36.249 28.384 139,786 68,462 43.180 l (K).435 64.633 208.248 N•1 book valu• Al 31 D•¢•mb•r2024 Al 31 De¢¢mb¢r 2Q23 32.598 51.542 24.042 23.654 32.411 30,466 89,051 105.662 Page 26
Klng5 Acllve Foundatlon Notes lo tho Flnonclal Statemanls for the Y•ar Ended 31 D•c•mber 2024 12 Flxed assel Invejtmenls 2024 2023 other investmentrs 367 367 oth•r Inv•stm•nls Usled Investments Tolal Co$t Qr Vthyjotlon Al l January 2024 Al 31 December 2024 367 367 367 367 Nol book valu• At 310ecembef 2024 Al 31 Oecember 2023 367 367 367 367 Tre market value cl Ihe1S$18d investments al 31 D8cernber 2024 wo5 £36712023- £3671. 2024 2023 Shares In group undertakings and partlcipallng interests Other investment$ 367 369 367 369 Share$ In grovp undertaklnqs and particlpallng Int•r•sls Subsldlary und•rtgklngs T¢lql Cast Al l January 2024 Al 31 December2024 Not book volu• At 31 December 2024 At 31 December 2023 Pa8e 27
Klngs Actfve Foundatlon Not•s to th• Flnanclal Statemants for th• Year Ended 31 December 2024 other inve$lrn•nls Llsled Inveslmenls Total Cost or Vdvatton Al l January 2024 Al 31 Decembar 2024 Net book valu• Al 31 Dgcamber 2024 At 31 December2023 367 367 367 367 367 367 367 367 The market valua of the listed inv&stmenls at 31 December 2024 was £36712023- £3671. Detalh of und•rtaklngs Details ol the investments in which Ihe charity holds 20% or more ol the nominal value of any class of share copitol are os follows.. Proportlon ol votkng ilghts and ihare3 held Und•rtqklng Covnlry ol In¢4¥porallon prtnclpal aetfvlty Holdlng KAF Prole$51on¢l SeN5¢85 Llmlted Prol955ional Servlces Limilèd 1031454981 The provlsion ol seryices to the chik#coie and le15ure 56clors England and Walos Ordlnary shares The nel assets ol the subsidiary as al 31 December 2024 were £28.062 arnd the prollt ancl loss for the perlod endlng nn thnt flntft S,?A.nA?, 13 Cuff•nt asi•t Inv•slm•nts Group Charfty 2024 2023 2024 2023 Al l January 2024 Addition5 Disposals Chonge irn morkel volue S)9.542 600.OCK) 509,542 600.rj 11 w,0001 9,542 1400.(MI 8,711 1100.((t)I 9,542 8,711 Al 31 December 2024 118,253 509.542 118.253 509.S42 14 Stock Group Charmy 2024 2023 2024 2023 Stocks 40.635 45,884 40.5 45.884 Page 28
Klngs Actlve Foundatlon Not•s to the Flnanclal Statements lor th• Year End•d 31 December 2024 15 Debtors Grovp Charlty 2024 2023 2024 2023 Trade debtor5 Other debtors 452 10,404 99,193 109,597 452 120.622 121.074 99.193 100328 121.074 16 Cr•dltars: amounts lalllng du• wllhln one year Group Churfly 2024 2023 2024 2023 Trade creditor5 Due from group undertaklngs othef taxation and soclol securlfy Accruols 97,720 76,333 97,720 76,333 8.897 14.680 38.055 137.965 15,550 I CK).353 213,623 14.679 42.362 133,374 15.550 98,887 223,718 17 Chalty staly¥ The charlly Is o char41y Ilmiled by guarantee ond consequently doe5 nol have share capllal. Eoch ol the Iruslees Is Ilable to contribut8 an amount not exceeding £10 toward5 the a55e15 01 the chadty In th8 event ol liquidation. 18 Commllm•nts oth•r Ilnanclal commltm•nts Pr•mlses rent & car l•as• GfOUP Chailty 2024 2023 2024 2023 Nol loter than one yeaT Latar than one year and not later than Ilve years Over Ilve years 56,716 155,969 52,324 178,125 S6,716 155,969 52,324 178.125 212.685 230.449 212,685 230.449 Pa8e 29
Klngs Acllve Foundatlon Note5 lo the Flnan¢lal Stat•m•nts for the Yaar Ended 31 December 2024 19 Funds ro Balonce al I January 2024 Incomlng resources Resources expended Tranor Balonc• ot 31 December 2024 Unrestricted general funds R8Stricl6d incemo funds 8S).792 2.484,067 201.918 2,68b.985 12,678,612) 1145.1801 .2,823.79 56,738 56.738 712.985 iiJO.19'2 712.985 Bdanc• at i JVary 2023 Incomlng resovrces Rfrsouic•s •xpend•d 8alance at 31 D•cemb•r 2023 Tranor3 Unrestrlcled general funds Resthcled Income fund5 857.255 2,569,282 243.202 2,812.484 12,681,277) 1137,6701 2.818.947 105,532 105.S32 850.792 857.255 850.792 horl Balanc• al I January 2024 Ine¢mlng r•iourc•i R•sourc•i •xp•nd•d Balanc• at 31 Decemb•r 2024 Tran• Unr851ricled genefol lunds ReslrScled Sncome luiidf 829.194 2.471,083 201,918 2.673.001 12,672.0941 145,180 2.817,274 56,738 56,731) 684.921 829,194 684.921 balance al I JVary 2023 Incomlng resourcei R•sources •xpend•d alunc• at 31 D•c•mb•r 2023 Tran• Unrgslricted general hJnds Restiicled income funds 830,725 2,565,897 12,672,960) 137,670 2,810,630 105.532 1105.532 829,194 830.725 2,809,099 829.194 Durlng the yeor £56.738 was Ironslerred from reslrScled lund5 to unre51rfcted lunds ot the point the objective$ declared by the donor have been mel. Pa8e 30
Klngs Acllv• Foundatlon Nales to the Plnanclal Slat•menls for th• Y•ar Endad 31 O•cemb•r 2024 20 Anolygis of nel ossels beeen lunds Unr•strlct•d funds Generol R•strlcled lundi Total lunds Tanglble fixed 055ets Fixed a559t inve5tmont5 Current assets Current liabilities Total nel 05s8Is 89,051 367 785.753 1213,624 661,547 89.051 367 837,189 1265,0601 661,547 51.430 151.4361 Unreslrlcl•d IL*nds Genergl R•strl¢l•d lundi 7olal Ivnds Tanglble flxod 055et5 Fixed asset inv8Stm8nls Current assets Curr8nl liabllllles Total net asse15 89,051 369 819,219 219.517 689,122 89.051 369 870,655 270.953 689.122 51,436 51.436 21 Anatysli ol n•1 lunds Gio Al l Janvury 2024 At31 D•¢•mb•r 2024 Cash flow Cash at bank and In hand Cash and cash equlvilen15 213,114 213.114 344.114 344.114 557,228 557.228 22 D¢n•tlans &Ypendlture was mode In the year ol £12.83312023- £14,548) Icr overseas ovlreach prol8c15 and £4,32412023- £16,535) for UK cutreach projects, Pa8e 31