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$h Chailly Numb•r 05099069 1105460 SC043119 Salcltori Knlghls plc st Pauls Ploce Sheftlald SI 2JF bank•ri Lloyds Bank plc Chvrch Street Shellleld SI IHP Audllor¥ Landln WIIc¢xk & Co Chartered Accountants & R8gist8f8d Audltors 68 Queen Street 5hellield 51 IWR Pa8e I Kings Adlye Foundallon Stroleglc R•pcwl IOT the Year Ended 31 Oecember 2024 The truslees, who (Te directors lor the pU￿oSe5 ol compony law. prosentr Iheir strattrglc report for the yeor ended 31 December 2024. in compliance wilh s414C ol Ihe Companie5 Act 2006. Achl•vements ond pertomianc• Anclyslj olachlevemenls ond p•rformonce during Ihg y•ur l. DpllY•flng 225 weeks ofKings Camps acr04$ 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 fr￿ndS 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 ￿ganIsa￿an. 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¢• IndIcal￿3 The choritroble group v5e5 Ihg folbwing 05 measures ol svcce$5'. Child aelivily hour5 Ileolth ond sofaly dola - Independenl parenl rewews - L8ad&rs Iroined - Memt)ership dato - stoll aiid vdvnleer peilomonce evaluation5 - Values and bel￿ts G¢lng eonc•rn The trustees consider that Ihera are no matarlal uncéyrtoint￿s obout both tha Group's and th6 Chorilie5' abh￿ty to contlnue as a golng concem. nonclal r•￿•W The chority reh)rned a deficit lorthe year as rj resultr of a 51vJht downhjrn in camp weeks ovailable to Sell. abngside o commltment to invesl in Ihe head offfce 5toft team in order to crcale sustainablllty lor tho charily. Refer to thc Activily RgpuFln the Trwl8es' Report. Page 2 Klng3 Acllve Foundallon strateqlc Report loi the Yeor Ended 31 December 2024 Plans tor Ihe lutuie As port of oui annual revi8w ancj planning process, we'v& agreed on overoll 2025 goal of sloying Irve to our mission as we consoldote tsur operalitsns and grow our ohendonce on cornps. provide Iree activity sessK)ns inlo UK schoo15 ond locol communities. Iroln more skllled young adulls and work wtlh our intemalionol developmenl parFners to develop SU51ainobilily. Wilhin Ihis goal we agreed lo continue with the spècific objectives sel in 2￿14.. Increase our orgoni%otionol feoch Increase our orgonisational susloinoLJility Int￿o$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 opporlunil￿s 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 diM*rgn¢¢ 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* DelIVe￿ng 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$5 011 ol ourwork by 3lr8nglh8niig our leom's owareness ond knowledg6 of pollcy ond procllce Prlnclpol rfiks ond vnc•itolnlles The IrLJsle05 monitor Ihc orGanis01#)n risk fegisler ond arc commilted to ongoing updolas, ensuiing the highest slandaid5 01 rnonagement ol th8 Gharity for oll it5 slakeholders. and slgntsd on Ils behall by-. Mrs C B¢Jxlori Page 3 Klngs Acllve Foundatlon Trustee5' Report The trustees, who are directors lor the purposes ol company law. present the onnual report together the financial slolornenls ond ouditor5' repoil ol the churitoble group lor the yeor ended 31 Dac&mb&r 2024. Obleclves atTrd tscllvities Obl•cts and olms The obj8cts of the charfloble group or8 to educate and asslsl young people t￿Ough Ih8ir leisuie activiti85 so a5 to develop Iheir phY￿cal, mental and spiriluol cupacit￿$ 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 rel￿1 in cases ol need ol young persons who aro sick. convale5cenl. disabled. handicapped or inllrm by providng or paying lor ittsms. Sf*rvrgs or facillies wh￿h 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 rav￿wIng 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¢* syst*ms 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¢r*nc¢. 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 ￿50c￿liOr1. 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 automa￿c. 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 So￿ry DI £263.89812023- £275,261). The remuneration package lor Ihe key monagemenl learn 15 set by the tnJst••s on on onnuol bo$1s, Page S Klngj Acllve Fovndatton Trustees, Report Polky on reserves The currenl level ol resèrves slands at £712.985 feloting enlirety lo unreslricled lunds.11 is Ihe policy ol Ihe charity lo rftaw)lain unr8sliGted hunds. which ore the free reseNes of the charffy. desired minimol level ol raseNes is equal to 6 monlhs ol expecled ovethead expendilwe. The actvol value ol Ihe reserve is lo be delermined and ogreed by the tiuslees in quorter 4 01 the period preceding the peAod In which Ihe reserva ￿V81 i% effectlve. Orgonlsollonal slructur• The Boord comprises Ihe Twstees ol the Chorily who ore the independent (Jirectors lor the purposes of Componies Acts os well os Ihe ExecLJlrrftt O¥ttclofS who omend in on ex-oificio capoeily. Because ol the current Chority Acl legislation. the Trustees are rosponsible lor poNcy and opprowng ￿nancial budgets ol tha chority. The Executlve Direclors run Ihe charity within the opproved guKlclines set by the Trustees. A Memortsndum ol Understanding has baen signed b8hveon tho Trusltros ond Ihe Executive Dirgclors regarcjing poI￿V ond tho operational decision-making process. Invtslm•nl policy Kings Acffve Foundation moy invest In sfocks. lund5. Shares, seeurlties or olher Inve5tm*nts at Ihe Irv51oes dlscrelion. R•lallonshlpi wllh r•lal•dpcrtl•s The KAF Pral•sslonal S•Thk•s Urnlted Wholly owned subsidiary. the fesulls ol which ue Incofporalcd into the grtsup accounls. The eornpany coffie$ 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 I￿ough 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 CommI￿lan under SC043119, The charty resrfslered wlth Compan￿5 House undar the regislralion number05099069. The governing document i5 a deed daled l T Saplemt)ef 1991. amended on 3 ju￿ 1997 and Sup￿&m￿nted 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¢1￿8 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 slotemen*s 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 C￿S￿%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 bV￿nesS. 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 2￿6. They are olso responsib￿ for saleguarcllng the 05s&ls ol the eharrtobl& Ctsmoany and henee lor lok#ig reasonuble $lèps Icf Ihe preVent￿n 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. Consor￿01ed 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 pr*par&d In accordance wTh Unil•d Kingdom Generally AcGepled k¢ounling ProGtice-. and Mavo been prepor*d 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 appI￿abl8 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 eth￿al 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 I￿￿1111r1L'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 responsibilit￿5 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 exP1￿1t1Y $t¢t•d In our report. we do not expr•$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 ￿ce￿ed from bronches not vlsiled by us,. or he parenl charilable eompony financial 51olements are not in Qgreeff￿￿I wilh the aceounling records ond r8hJrns.' or certaln di5c105ures of trus*e8'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 dele￿in0 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 proced￿eS 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. ¢JiScus￿on$ were held wilh Ihe eli&nl r¢garding ony known non