Charlty reglstration number 1106273
Company registration number 05124435 (England and Wales)
KINGSGATE COMMUNITY CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

KINGSGATE COMMUNITY CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Directors and Trustees
Dr David Smith (Chaimian)
Mr Norman Paskin
Mr Barry Featherstone
Mr Matthew Negus
Mr Samson Abioye
Ms Lydia Opayinka
Secretary
Mrs Sally Duffy
Multisite Stratsgy Team
Dr David Smith
Mrs Karen Smith
Mr Simon Deeks
Mrs Sally Dufy
Mr Jim Thody
Mrs JasmineAllen
Mr Phil Tim50n
Mrs Zia Deeks
Mrs Sharon Keogh
Mr Simon Benn
Charity number
1106273
Company number
05124435
Principal offlce
2 Staplee Way
Pamwell
Peterborough
United Kingdom
PE14
Auditor
Azets Audit Services
Westpoint
Lychwood
Peterborough
Cambridgeshire
PE2 6FZ
United Kingdom
Bankers
Bardays Bank PLC
Leicester
United Kingdom
LE87 2BB
Solicltors
Duncan A Pickering
4 Southfields
Boume
Lincolnshire
United Kingdom
PE10 gTZ
The directors of the charrtable company (the charity) are its trustees for the purpose of charty law and
throughout this report are collectively referred to 8S Its trustees.

KINGSGATE COMMUNITY CHURCH
CONTENTS
Page
Trustees. report
Independent auditor's report
8-10
Statement of financial activrties
Balance sheets
13
ststement of cash flows
14
Notes to the financial statements
15-37

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting poliues set out in note 1 to the
financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act
2006 and 'Accounting and Reporb'ng by Charities: Statement of Recommended Practice applicable to charrties
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic
of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2019)
Objectlves and activities
The Ob ectives of The Chari
The charity's purposes, as set out in the objects contained in the company's memorandum of association, are..
1. The advancement of the Christian faith in accordance with the doctrine set out in the underwritten Fourth
Schedule and the worship of God in the said county and elsewhere by any means whatsoever including
(but not by way of limitation} the preaching and proclamation of the Christian gospel, the teaching of the
Christian Doctrine and principles, the pastoral care of Christian people and the printing and distribution
of the Bible and Christian literature including video, and audio recordings and by any other media which
15, or may become, available.
2. The relief of persons who are in conditions of need, hardship, or distress or who are aged or sick.
3. The advancement of education on the basis of Christian principles and, without prejudice. to the
generalty of the foregoing, the provision of such education in any educational establishment and, rf the
Trustees so decide, the provision of one or more charitable educational establishments for the general
education of children and adults on the basis of such Christian principles.
2024
Valu
rioritie
In 2024, the Strategic Leadership Team of KingsGate Community Church reaffirmed the vision, values, and
strategic priorities of the Church as..
Vision: Trdnsforming Lives from our Neighbourhoods to the Nations by the Power of God's Love,.
Values: Word, Spirit, Worship. Prayer, Fellowship, Discipleship, Mission, and Stewardship.
Strategic Prlorities:
In 2024 we continued to focus on our core mission, which as a church is "TRANSFORMING LIVES from wr
neighbourhoods to the nations, by the power of God's love. with an emphasis on being RADICAL DISCIPLES
who:
1. Keep on ENCOUNTERING Jesus (Knowing God)
2. Keep on FOLLOWING Jesus (Living in Freedom)
3. Keep on GROWING together in Jesus (Growing in Community)
4. Keep on MISSION with Jesus (Making a difference)
2024 A
ivities..
The main activity continues to be teaching via Sunday servlces and Life Groups both in person and online.
other activtties in 2024 included:
Sunday Servlces
In-person service5 tske place every Sunday, with two services held at KingsGate Peterborough and additional
services at KingsGate Cambridge and KingsGate Leicester. Online services continue to be provided via YouTube
and the Church Online plattom. In 2024, the average attendance across all in-person ServI￿S was 2,267,
marking a 160A increase from 2023, which had an average attendan￿ of 1,962.

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
LifeGroups
LifeGroups had a particularly fruitful year in 2024 as we continued to create more opportunities for people to be
cared for and discipled. By the end of 2024, 1,388 adults were actively engaged in LifeGroups. One of our key
strategic initiatives across all campuses was maximizing the ALIVE 'Big Idea, ¢ampsign post-Easter. As part of
this initiative, the Peterborough Campus piloted in-person and online Central Groups, designed to facilitate small
group discipleship within a larger setting. The pilot proved Suc￿sSfUl, and we plan to implement Central Groups
again in 2025.
Another major focus was enhancing our group leader pathway by identifying and equipping new leaders through
our discipleship pathway, specifically among new KingsGate Partners. This approach enabled around 25
individuals to take their first leadership steps and begin leading new groups. We remain deeply grateful to all our
pastoral leaders for their dedication and commitment to shepherding those in their care.
Communlty Actlon
A5 a church we are dedicated to supporting individuals and families struggling with poverty through a variety of
impactful projects. These initiatives provide practical assistance to address food insecurity, furniture poverty,
homelessness, and social isolation.
Using 8 holistic approach called °Crisis
Cause - Care," we offer comprehensive support to families. This
approach not only provides emergency assistance for essential items such as food and furniture but also helps
families tackle the root causes of their crises. By offering access to high-quality information and advice through
the KingsGate Debt Advi￿ project and our partnership with Citizens Advice Peterborough, we empower families
to overcome their challenges and achieve long-term stabilty. A few of our projects..
Care Zone, Peterborough.. The Care Zone furniture bank accepts donations of essential furniture,
household goods, and clothing and provides them free of charge to families experiencing furniture poverty. In
2024, Care Zone furnished 874 properties and supported 1,729 individuals. A total of 3,607 furniture items,
valued at approximately £270,000, were distributed.
Foodbank, Petèrborough: Peterborough Foodbank, a partnership of five churches and part of the Trussell
Foodbank network, assists people in crisis by providing three days, worth of emergency food. In 2024, the
foodbank distributed 6,307 food parcels and processed 127 tonnes of food, valued at £354,183. The
Financial Inclusion Project, funded by Trussell, was expanded to include a debt advice role. In partnership
with Citizens Advice Peterl)orough. the project supported 738 households and achieved £974,356 in income
gains for families by addressing 3,854 issues.
Debt Advlce: In 2024, a Debt Advice C¢>ordinator was appointed with an initial focus on rebuilding the
team's capacity. In September 2024, 8 client café was launched at KingsGate in partnership with Citizens
Advice Peterborough to provide face-to-face support for 21 families facing unmanageable debts. By the end
of 2024, the debt advice team, consisting of 10 active Money Mentors, had helped families write off £42,000
of debt.
Chrlstmas Hampers: KingsGate participated in the national 'Love Christmas, campaign. receiving match
funding from the Revitalise Trust. Across all campuses, 2,679 hampers were distributed. KingsGate
collaborated with sixty-six community p8rtners to ensure the hampers reached families in need. Feedh9ck
from recipients indicated that the hampers were a much-welcome reminder that they are cared for.
Food Pantryy Peterborough.. The food pantry supports families struggling with long-term food insecurity by
providing access to healthy food at reduced prices, offering dignity, choice, and hope. By the end cl 2024, 93
families were regularly attending the project. Throughout the year, there were 2,818 visits, and 42,270 meals
were distributed. Many families attending the pantry had relocated from other local authorities in the UK and
found themselves in a new city without support networks or local knowledge of available assistance. For
these families, the food pantry has become a vital support system, offering friendship and signposting to
other services.
Communlty Actlon, Cambrldge.. A volunteer team from KingsGate Cambridge continues to wn the
Trumpington distribution centre of Cambridge City Foodbank. Additionally, KingsGate Cambridge partnered
th Besom to undertake several Projects, where teams supported local families facing pressures by
providing gardening and decorating services.

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Youth
2024 has been an incredible year of growth for our youth programs. Friday Night gatherings have seen an
unprecedented 70Yo increase in attendan￿, with average weekly attendance of 169 young people every Friday
night. We also hosted an Illuminate schools tour week, which saw over 600 young people attend the fnal night.
Our Sunday provision has also grown by 19%, with a culture that is incomparable to previous years. This growth
is largely attributed to the suc￿sS of our Friday night gatherings and the launch of the Young Leaders
Community, where 45 young people meet every Tuesday evening.
The Satellites summer festival saw 117 young people attending, a 64% increase. Our youth camp also saw
significant growth. Additionally. we celebrated the bapts.sm of 32 young people, marking a significant milestone in
their spiritual journeys.
Young Adults
In 2024, our Young Adult programs have experienced exciting growth and development. The average W￿klY
attendance has increased by 290A, and YA LifeGroups have multiplied. with 151 young adults now participating in
weekly LifeGroups. This year also saw the completion of two Young Adult leadership huddles. where 16 Young
Adult leaders were mentored and developed.
We welcomed 12 Young Adults into partnership, celebrated the baptism of 18 individuals, and developed 5 new
LifeGroup and Assistsnt LifeGroup Leaders across our 10 Young Adult LifeGroups. The Young Adults community
is vibrant and meets weekly, hosting new regular evangelistic nights, worship nights, and social ev￿t$
throughout the year.
Chlldren's Ministry
2024 saw significant growth across all campuses, with record attendance figures for children. In Peterborough,
rapid growth required a specific plan, involving group relocations to ensure sufficient space and a successful
recruitment drive brought in many new team members, helping accommodate the rising number of children.
Our message, "Anytime, Anywhere, Anybody can be a KingsGate Kid," is reinforced by our online presence and
YouTube content, ensuring children don't miss out if they can't attend church. Teaching mirrors mainstsge
ntent, fostering family discussions at home. Our kids feel integrated into the whole church.
We ￿lebrated the success of the Children's Touching Heaven event, which empowered chIld￿n during our
church prayer season. Our altemative Halloween outreach saw nearly 1,000 attendees, with many responding to
the gospel.
Outreach at the Peterborough campus is developing, with regular assembly slots and school visits. The Earfy
Years Team's Mini Movers group is fully booked weekly. and the team is seeking guidance for expansion.
Overseas Mlssion
IAÈ have continued to support our key overseas mission partners, Bulembu in Eswatini and Heart for Lebanon.
2024 has been a particularly challenging year for both chartties. Bulembu has faced ongoing issues due to rising
infiation and a government-backed initiative to retum as many orphans as possible to their familie5. Meanvthile,
the team at Heart for Lebanon has encountered even more drfficult conditions. Amid a collapsing economy, they
found thernselves caught up in the conflict between Hezbollah and Israel, a direct consequence of the fighting
be￿een Israel and Hamas. This situation has led to a significant increase in the number of diSplac￿j people
within Lebanon, both from other countries and wFthin Lebanon itself.
Despite these challenges, both organisations have proven to be remarkably resilient and continue to be gratefijl
for our support as they hold out hope to thousands of people in their respective nations. During 2024, we
contributed £109,414 from our mission ￿nd to overseas organisations. This includes our mission pathers,
supporting a church plant in Cluj, Romania, and in response to crises around the world. Additionally, individuals
within KingsGate continue to sponsor children through the work of Compassion, supporting many regions
globally.

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024 Think Bigger and Beyond Speclal Offerlng
In March 2024 V￿ gave into the 'Think Bigger and Beyond, Special offering. 60% of the offering raised was used
to develop the Peterborough Building, including the fit out of an additional 336 seats in the auditorium plus
associated AV requirements, and the installation of a new toilet block. 20Yo was set aside into a fund to finan￿ a
fvture Cambridge Building and 100/0 was used to set up a Leadership Academy to develop new leaders.
We additionally transfe￿ed 100A of this offering, into our Mission Fund. This helps to resource our Community
Action project5. as well as resourcing our partnerships with overseas mission projects, as detailed above.
2024 Financlal Review
Income
Totsl income, both restricted and unrestricted, of £5.81 million was received in 2024, an 21.30A increase from
2023 (£4.79 million in 2023). Trading income was £610,825 in 2024, a 68.6 % from 2023 (£362,286 in 2023).
Total income excluding trading income for 2024 was £5.2 million, a 17.3% increase on 2023 (£4.43 million in
2023).
The charty's main income stream is from tithes and offerings given by church members and regular attendees.
In 2024, unrestricted tithes and offerings were £3.1 million which was a 9.40/0 increase compared to 2023 (£2.8
million in 2023). This induded £646,810 of unrestricted offerings re￿iVed by the Cambridge campus, an 8.80
increase compared to 2023 {£594,355 in 2023). It also included £124,802 of unrestricted offerings from our
Leicester campus, a 42.40/ts increase compared to 2023 (£87,665 in 2023).
Restricted offerings were £810,478, which was a 15.4°A decrease on 2023 (£958,730 in 2023). Up until March
2024, when we paid off the mortgage, we received restricted offerings into our Peterborough building fund, which
were then used to help finance the mortgage. These offerings are now longer received into this fund.
enditure
Expenditure for the year totalled £4,017.935 (2023 - £3,674,300) excluding commercial operations in the trading
subsidiary.
During 2024, salaries (excluding salaries within the commercial operations) accounted for 49 7% of 2023
expenditure, £2.00 million. compared to 48.3% of 2023 expenditure (£1.77 million). The charty employs both
ministry-based positions, such as pastors, children and youth workers and community action workers, as well as
administration and management staff, all of which work under the overall direction of the Strategic Leadership
Team.
Mortgage Update
In January 2024, we made our final mortgage payment and are now debt free.
Land Sale
In July 2024, KingsGate sold a small strip of land of 956 m2 to the north-east of the main church car park, near
the boundary with the Tesco Distribution Warehouse, to Staplee Way Management Company Limited, for
£800,000. After transferring 10 % of these funds to our mission fund, these funds are now held in a cbsignated
fund for future usage.

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Pollcy
It is the policy of the charity to wort( towards and then maintsin unrestricted funds, which are the free reserves of
the charity, at a level which equates to approximately three months unrestricted expenditure excluding certain
discretionary spend. This would provide sufficient funds to cover salarie5 and building running costs for three
months. Unrestnded funds of the charty were £1.23m on 31st December 2024 (excluding interest in land &
propety). The current reserves level is £457k more than the minimum reserves required.
The need for the charity to hold significant reserves is generated by the employment of 59 full and part time
permanent employees along with building running costs of the KingsGate Peterborough building.
It is the charitls policy to monitor growth and income statistics carefully and if income were to fall significantly,
take immediate measures to minimise risk.
na
em
The trustees have assessed the rnajor risks the charity is exposed to and are satisfied that syste￿6 are in place
to mitigate exposure to the major risks.
Futuro Plans
In 2025 we will be continuing to focus on our core mission, which as a church is 'TRANSFORMING LIVES from
our neighbourhoods to the nations, by the power of God's love. with an emphasis on going BIGGER AND
BEYOND with a particul8r focus on..
Effective MISSION
strengthening DISCIPLES
Developing pioneering LEADERS
Structure, Governance and Management
Govemin Document
KingsGate Community Church is a company limited by Guarantee with no share capital. It was incorporated as
Peterl)orough Communty Church on the 11th May 2004 and was registered with the Charity Commission on the
same day. It changed its name to KingsGate Community Church from 1 st February 2008.
None of the trustees have any beneficial interest in the company. All the trustees are members of the company
and guarantee to contribute such amount as may be required (not exceeding £10) to the companws assets in the
event of a ￿l￿dIng up.
KingsGate Community Church business is concluded under the framework of its governing memorandum and
arlicles of association, prepared under the Companies Act 1985.
The trustees, who are also the directors for the purpose of company law, and served during the year and up
to the date of signature of the financial statements were:
Dr David Smith (Chairman)
Mr Norman Paskin
Mr Barry Featherstone
Mr Matt Negus
Mr Samson Abioye
Mrs Lydia Opayinka
intment of Trus
Directors
The trustees, who have served during the year and since the year end, are set out on page 2. Trustees are
appointed by the board and each year, one third retire by rotation and either new trustees are identified, or
previous serving trustees are reappointed.

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
te
ucti
nin
All trustees are offered external training which will help them to undertake their roles and responsibilities.
The board of trustees meet at least four times a year. Trustees ensure that the charity remains solvent, is well-
run, and delivering the charitable outcomes for the benefit of the public for which it has been set up. The
Strategic Leadership Team, which is made up of the Senior Leadership Team and the Multisite Strategy Team,
are responsible for the day-to-day running of the organisation. Key strategies identified by the Senior Leadership
Team and the Multisite Strategy Team are ratified by Trustees before implementation.
ted Parti
KingsGate Trading Ltd, a wholly owned subsidiary, was established on 26th January 2007. This subsidiary wa8
incorporated to manage the business activities of the charty including the provision of conference facilities.
KingsGate Community Church granted a 'licence to use, the building to KingsGate Trading Ltd who started to
hire out the building from 1st June 2008.
KingsGate Trading Ltd will be making a distribution to the parent company under gift aid of £155,672 (£41,515
was given in 2024 in respect of the 2023 distribution} and also paid a management charge of £61,519 for the
trading period {2023 £36,168 management charge). KingsGate Trading Ltd recorded a profit for the year of
£178,832 before distribution to the parent company under gift aid (2023 a profit of £48,513).
Trustees. responsibilitles in relatlon to the financial ststements
The trustees, who are also the directors of Kingsgate Community Church for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charty and of the incoming resources and application of resources, including
the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.
- obseNe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent., and
prepare the financial statements on the going concem basis unless it is inappropriate to PresU￿e that the
charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as
auditor of the company will be put st a General Meeting.
Disclosure of Infomiation to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the
audii, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.

KINGSGATE COMMUNITY CHURCH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, report was approved by the Board of Trustees.
Mr Barry Featherstone
Trustee
Dated..

KINGSGATE COMMUNITY CHURCH
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF KINGSGATE COMMUNITY CHURCH
Oplnlon
We have audited the accounts of Kingsgate Community Church (the 'charity') and it's subsidiary for the year ended
31 De￿rnber 2024 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable
Company Balance Sheets, the Group and Parent Charitable Company Cash Flow Statements and the notes to the
accounts, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the Group and Parent charitable company's affairs as at 31 December
2024 and of its incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with Untted Kingdom Generally Accepted Accounting practi￿,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with Intemational Standards on Auditing {UK) {ISAs (UK)) and applicable
law. Our responsibilities under those stsndards are further described in the Auditorfs responsibilit188 for the audit ol
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the finanaal statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial ststements, we have concluded that the trustees. use of the going concem basis of
accounting in the preparation of the financial ststements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charty's ability to continue as a going
concern for a period of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibiltties and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Information
The other information comprises the information included in the annual report other than the fina￿la1 statements
and our auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual
report. Our opinion on the financial ststements does not cover the other information and, except to the extent
othe￿ise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othe￿ise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing lo report in this regard.
Opinions on other matters prescrlbed by thè Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the infomation given in the trustees, report for the financial year for which the financial slatements are
prepared, which includes the directors. report prepared for the purposes of company law, is consistent with the
financial statements., and
the directors, report included within the trustees, report has been prepared in accordance with applicable legal
requirements.

KINGSGATE COMMUNITY CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KINGSGATE COMMUNITY CHURCH
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the Group and Parent charitable company and its environment
obtsined in the course of the audit, we have not identified material misstatements in the Directors, Report included
within the Trustees, Report.
We have nothing to report in respect of the following matters in relation to vthich the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been re￿iVed
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all th8 information and explanations we require for our audit,. or
the trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies. exemptions in preparing the trustees, report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the statement of trustees. responsibilities, the truste8s, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concem basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease
operations, or have no realistic alternative but to do so.
Audltorfs responslbilities for the audlt of the financlal stat•ments
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assuran￿ but is not 8 guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be exp8Cted to influence
the economic decisions of users taken on the basis of these financial statements.
A further descriplion of our responsibilities is available on the Financial Reporting Council's website at.. https:11
w.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report.

KINGSGATE COMMUNITY CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KINGSGATE COMMUNITY CHURCH
Extentto which the audit was considered capable of detecting irregularitles. includlng fraud
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material
misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future
developments, including in relation to the legal and regulatory framework applicable and how the entity is complying
with that framework. Bssed on this understanding, we identify and assess the risks of material misstatement of the
financial statements, whether due to fraud or error, design and perfom audit procedures responsive to those risks,
and obtain audit evidence that is SLrfFicient and appropriate to provide a basis for our opinion. This includes
consideration of the risk of acts by the entity that were contrary to applicable laws and regulations. including fr8ud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud. we designed
protsdures which included..
Enquiry of management and those charged with govemance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud.
Reviewing minutes of meetings of those charged with govemance.,
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial ststements or the operations of the entity through enquiry and inspection.,
Reviewing financial statement di￿10$ureS and testing to supporting documentation to assess compliance
with applicable laws and regulations.,
Perforniing audit work over the risk of management bias and override of controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulstion is removed from the events and transactions reflected
in the financial statements, as we will be less likely to become aware of instsnces of noTrcompliance. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitalle companvs
members those matters we are required to state to them in an auditorfs report and for no other purpose. To the
fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Tracey Richardson Bsc (Hons) FCA (Senior Statutory Auditor}
for and on behalf of Azets Audit Services
Chartered Accountsnts
Statutory Audltor
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
10-

KINGSGATE COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Current financlal year
Unrestricted Unrestrfctod Restrlcted
funds
funds
funds
general designated
2024
2024
Total
Totsl
2024
2024
2023
Notes
e and endowm
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
2,730,823
135,297
610,825
89,348
461
9,348
1,484,319 4.224,490
175,848
311,145
610,825
89,348
572,418
3,940,600
425,407
362,286
63,552
1,298
571,957
Total Income
3,566,754
581,305
1,660.167 5,808.226
4,793,143
diture on.
Raising funds
376.236
376.236
278,417
Charitsble activities
2.788,627
237,497
991,811
4,017,935
3,674,300
Total expenditure
3,164,863
237,497
991,811
4,394,171
3,952,717
Net incomlng r•sources before
transfers
401,891
343,808
668,356
1,414,055
840,426
Gross transfer5 between funds
(248,579)
611,110
(362,5311
Net Income for the yearl
Net movement in funds
153,312
954,918
305,825
1,414,055
840,426
Fund balan￿S at 1 January 2024
1,082,734 8.032,761
1,221,221 10,336,716
9,496.290
Fund balances at 31 December 2024
1,236,046 8,987,679
1,527,046 11,750,771
10,336,716
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
11

KINGSGATE COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior financial year
Unrestricted Unrestrlcted Restricted
funds
funds
funds
general designated
2023
2023
Total
2023
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
2,612,541
109.500
362,286
63,552
1,298
1,328.059
315,907
3,940,600
425,407
362,286
63,552
1.298
Total income
3,149,177
1,643,966
4,793,143
Ex endi
re
Raising funds
278,417
278,417
Charitable activities
2,408,464
246,712
1,019,124
3,674,300
Total expendlture
2,686,881
246,712
1,019,124
3,952,717
Net Incomlng resources before transfers
462,296
(246,712)
624.842
840.426
Gross transfers befften fijnds
(345,348) 1,019,679
(674.331 }
Net income for the yearl
Net movement in funds
116,948
772,967
(49,489)
840.426
Fund balan￿S at 1 January 2023
965,786 7,259,794
1,270,710
9,496,290
Fund balances at 31 December 2023
1,082,734 8,032,761
1,221,221 10,336,716
12-

KINGSGATE COMMUNITY CHURCH
BALANCE SHEETS
AS A T 31 DECEMBER 2024
Group
2024
Charlty
2024
Group
2023
Charlty
2023
Notes
FFxed assets
Tangible assets
Investments
17
18
8,419,212
9,318,099
8,246,195
9,143.152
8,419,212
9,318,100
8.246.195
Current assets
Stocks
Debtors
Cash at bank and in hand
9,143.153
20
21
4,270
150,284
3.501,034
4,505
168,916
2,463.224
171,325
3,269,088
115,561
2,439,711
3,655,588
3,440,413
2.636,645
Credltors: amounts falllng due within
one year
2,555,272
22
(324,029)
{267,107)
(546,124)
(508,486)
Net current assets
3,331,559
3,173,306
2,090,521
2,046,806
Total assets 16ss current liabllltles
11,750,771
12,491,406
10,336,716
11,189.959
Income funds
Restricted fvnds
nre
nds-
Designated funds
General unrestricted funds
25
1,527,046
1.527,046
1,221,221
1,221,221
en
26
26
8.987.679
1,236,046
9,886,566
1,077,794
8,032.761
1,082,734
8,929,718
1,039.020
11,750,771
12,491,406
10,336,716
11.189,959
The financial statements were approved by the board of directors and authorised for issue on
are signed on its behalf by..
8nd
Mr Barry Featherstone
Trustee
Company Reglstration No. 05124435
13-

KINGSGATE COMMUNITY CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Group
2024
Charlty
2023
Group
2023
Charity
Notes
Cash flows from operating actlvltles
Cash generated from operations
32
1,039,570
831,137
1,054,886
1,038,572
Investlng activftles
Purchase of tangible fixed assets
Pro¢eeds on disposal of tangible fixed
assets
Interest received
(433.534)
(433,534)
(123,411)
(123,411)
600,816
89,348
600,816
89,348
1,298
63,552
1,298
63,552
Net cash generated fromllused in
investlng actlvlties
256,630
256,630
(58,561)
(58,561)
Financlng activltles
Repayment of bank loans
(230,347)
{230,347)
(928,639)
(899,230)
Net cash used in flnancing activities
(230,347)
(230,347)
(928,639)
{899,230)
Net increase in cash and cash equivalents
1,065,853
857,420
67,686
80,781
Cash and cash equivalents at beginning of year
2,463,224
2,439,711
2,395,538
2,358,930
Cash and cash equlvalents at end of year
3,529,077
3,297,131
2,463,224
2,439,711
14-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
Charlty Information
Kingsgate Community Church is a private company limited by guarantee incorporated in England and Wales.
The registered office is 2 Staplee V*ay, Parnwell, Peterborough, PE14YT, United Kingdom.
1.1 Accounting conventlon
The accounts have been prepared in accordance with the charivs goveming document, the Companies Act
2006 and "Accounting and Reporting by Charities= Ststement of Recommended Practice applicable to
charities preparing th8ir accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102)" (as amended for accounting periods commencing from 1 January 2019).
The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include certain items at
fair value. The principal accounting policies adopted are set out below.
1.2 Group flnanclal statements
The financial statements consolidate the results of the charitsble company and its subsidiary undertaking
KingsGate Trading Limited on a line-by line basis. Intr&group sales and profits are eliminated fully on
consolidation. A separale Statement of Financial Activities and Income and Expenditure Account for the
charity has not been presented because the charity has taken advantage of the exemption afforded by
section 408 of the CompaniesAct 2006.
1.3 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charftable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds Ihese are funds set aside by the trustees out of unrestricted general funds for specific
future purposes or projects.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purtoses and
uses of the restricted funds are set out in the notes to the financial ststements.
1.5 Income
Income is recognised when the charity is legally entitled to it after any performanGe conditions have been met,
the 8mounts can be measured reliably, and it is probable that income will be received.
Donated facilities and donated professional services are recognised in income at their fair value when their
economic benefit is probable, it can be measured reliably and th8 charity has control over the item. Fair value
is determined on the basis of the value of the gift to the charity. For example the amount the charty would be
willing to pay in the open market for such facilities and servI￿s. A corresponding amount is recognised in
expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP {FRS 102). The
charity benefits from many voluntsry hours and unclaimed out-of-pocket expenses contributed by a number of
supporters. The charity is extremely grateful for all these gifts in kind.
15-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
(Contlnued)
The charity re￿iVeS grants in respect of its activities. Income from grants are recognised at fair value when
the charity has entitlement after any perfomiance conditions have been met, it is probable that the income will
be received and the amount can be measured reliably. If entitlement is not met then these amounts are
deferred.
Income from trading activities is received in exchange for supplying goods and seNices in order to raise funds
and is recognised when entitlement has occurred.
Investment income is accounted for in the period in which the charity is entitled to re￿ipt.
1.6 Expenditure
Expenditure is recognised once there 15 a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activty are made up of the totsl of direct costs and
shared costs, induding support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allO￿ted on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, it is probable that the settlement will be required and the amount of the
obligation can be measured reliably. It is categorised under the following headings:
Costs of raising funds-
Expenditure on charitable activities., and
Other expenditure which represents those rtems not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Support costs are those that assist the work of the charity but do not directly represent charitable activities
and include office costs, governance costs and other administrative costs. Vvhere support costs cannot be
directly altributed to particular headings they have been allocated to cost of raising funds and expenditure on
charitable activities on a basis consistent with use of the resources.
1.7 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
All assets costing more than £250 are capitalised. No depreciation is provided on freehold land.
Depreciation is recognised so 8S to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases-.
Freehold buildings
Office equipment
Computer equipment
1 D/0 p.a. straight line
250/0 p.a. reducing balance
250/0 p.a. straight lin@
The gain or loss arising on the disposal of an asset is detemiined as the difference be￿een the sale
pro￿ed$ and the carrying value of the asset, and is recognised in the statement of financial activities.
16-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policles
(Continued)
1.8 Flxed asset investments
A subsidiary is an entity controlled by the charity. Control is the power to govem the financial and operating
policies of the entity so as to obtain benefits from its activities.
Investments in subsidiaries are measured at cost less impainnent.
1.9 Impaimient of flxed assets
At each reporting end date. the charity reviews the carrying amounts of its tsngible assets to detemiine
whether there is any indication that those assets have SLrffered an impairment loss. If any such Ind￿atIOn
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (rf any).
1.10 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present
location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged,
obsolete and slow-moving stock where appropriate.
1.11 Cash and eash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid
investments with original maturities of three months or less.
1.12 Financlal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Baslc flnancial assets
Basic financial sssets, which include debtors and cash and bank balances, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financlal liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
17-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
(Contlnued)
Derecognition of financlal liablllties
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.13 Taxatlon
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered
to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of
charitable company for UK corporation tax purposes.
1.14 Provisions
Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past
event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be
made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the reporting end date, taking into account the risks and uncertainties surrounding ttE obligation.
Where the effect of the time value of money is material, the amount expected to be required to *ttle the
obligation is recognised at present value. When a provision is measured at present value, the unwinding of
the discount is recognised as a finance cost in net incomel(expenditure) in the period in which it arises.
1.15 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charty is demonstrably committed
to terminate the employment of an employee or to provide temination benefits.
1.16 Leases
Rentals payable under operating leases, including any lease incentives r￿1ved, are charged as an expense
on a straight line basis over the term of the relevant lease.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions aboLrt the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
18-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donatlons and legacies
Unrestricted Unr•strlcted
funds
funds Restrlctsd
general designated
funds
Total
2024
Total
2023
Gifts and offerings
Covenants and gift aid
Income tax repayments
Grants re￿iVed
618,985
1,600,981
510.857
9,348
168,198
796,531
798,816 2,399,797
125.429
636,286
391,876
391,876
939.805
2,242,238
584,420
174,137
For the year endod 31 December
2024
2,730.823
9.348
1,484,319 4,224.490 3,940,600
For the year ended 31 December
2023
2,612,541
1,328,059
3,940,600
The charity benefits from a number of voluntary hours, unclaimed out-of-pocket expenses and gifts in kind
contributed by a number of supporters which are not accounted for. The charity is extremely grateful for all
these gifts in kind.
Grants recelvable for core activities
Peterborough City Council
The Trussell Trust
Church Revitalisation Trust
People's Postcode Lottery
Cummins Grant
Other
148.250
138,088
56,250
30,000
19,288
148,250
138,088
56,250
30,000
19.288
71,569
92,140
10,000
428
391,876
391,876
174,137
19-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
2024
2023
Courses and events
Foodbank income
Community action income
Learning communities
Miscellaneous income
72,999
79,108
31,314
96,740
30,984
46,632
96,370
43,167
219,537
19,701
311,145
425.407
Analysls by fund
Unrestricled funds
Restricted funds
135,297
175,848
109,500
315,907
311,145
425,407
Investments
Unrestricted Unrestricted
funds
funds
general
general
2024
2023
Interest receivable
89,348
63,552
Other trading activities
2024
2023
Commercial operations in trading subsidiary
610,825
362,286
Other Income
Unrestrlcted Unrestrlcted
funds
funds
general designated
2024
2024
Totsl Unrestrlcted
funds
generdl
2023
2024
Net gain on disposal of tangible fixed assets
571,957
572,418
1,298
-20-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Raislng funds
2024
2023
Commercial o eration
staff costs
Direct costs
Administrative expenses
in tradin subsidia
208,375
151,362
16,499
164,134
96,900
17,383
376,236
278,417
Charitable actlvltles
2024
2023
Staff costs
Depreciation
Outreach and Community Action
Sunday Experience and Connect
Pastoral Care
Equip and Leadership Development
Overseas Mission
Facilities
1,997,711
230,192
538,484
318,825
211,626
167,821
109,414
301,340
1,TT3,247
246,712
407,117
259,289
170,940
296,585
109,922
281,591
3,875,413
3,545,403
Share of support costs (see note 10)
Share of govemance costs (see note 10)
131,222
11.300
117,607
11,290
4,017,935
3.674,300
Analysls by fund
Unrestricted funds
Unrestricted funds - designated
Restricted funds
2,788.627
237.497
991,811
2,408,464
246,712
1,019,124
4.017,935
3,674,300
21

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Support costs
Support Governance
costs
costs
2024
2023
Office costs
Printing, postage and stationery
Photocopying
Audit and accountancy fees
118,691
5,101
7,430
118,691
5,101
7,430
11,300
105,072
5,133
7,402
11,290
11,300
131,222
11,300
142,522
128,897
11 Trustees
Trustees. remuneration is permitted under certain limited circumstanos, if paid as an employee, under the
terms of the charity's goveming document. During the year, remuneration was paid to one Trustee amounting
to £79,425 (2023 - £79,212). Employer pension contributions for this Trustee were £24,640 {2023 - £12,621).
No Trustees waived any remuneration.
One Trustee (2023 - one) is accruing pension arrangements.
During the year a ttustee re￿iVed reimbursement of expenses amounting to £931 (2023 - two trustees
received £672) of which £7 {2023 - £4) was outstanding at the year end and included within trade creditors.
12 Audito¢s remuneratlon
The analysis of auditor's remuneration is as follows..
2024
2023
Audit of the charity's annual accounts
8,200
7,795
Other servlces to the group
the audit of the subsidiary
3,100
2,950
Total audit fees
11,300
10,745
Non-audit services
All other non-audit services - charity
All other non-audit services - subsidiary
3,700
1,275
3.495
1,200
Total non-audltfees
4,975
4,695
22-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Surplus for the flnanclal year
As permitted by section 408 of the Companies Act 2006, the holding company's surplus has not been
included in these financial statements. The surplus for the financial year is made up as follows:
2024
2023
Holding company's gross income for the financial year
5,255,649
4.476,399
Holding company's surplus for the financial year
1,301,446
801,287
-23-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Commerclal operatlons In trading subsidiary
The wholly owned trading subsidiary, KingsGate Trading Limited, which is incorporated in England a￿1
Wales, pays a proportion of its profits to the charity by gift aid. KingsGate Trading Limited operates the
resources centre and room hire at KingsGate Communty Church. The charity owns the entire issued share
capital of 1 ordinary share at £1 each. A summary of the trading results is shown below.
2024
2023
KingsGate Trading Limited Profit & Loss Account
Tumover
Cost of sales
Administration costs
Other income and interest re￿iVed
Interest payable
608,794
{359,737)
116,862)
2,031
361,728
(261,034)
(17,577)
619
(4541
Net profit
Add- sales made to charity
Less: management charges paid to charity
234.226
5,762
(61,519)
83,282
812
{36,168)
178,469
(66,224)
47,926
(9,374)
Dividend paid to charity
112,245
363
38,552
587
Tax on loss on ordinary activities
Relained in the subsidiary
112,608
39,139
2024
2023
KlngsGate Tradlng Llmited Balance Sheet
Fixed assets
Current assets
Current liabilities
Long term liabilities
5,787
273,160
(114,907)
7,717
83,763
{40,048)
Total net assets
164,040
51,432
Aggregate share capital and reseNes
164,040
51,432
15 Taxatlon
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
-24-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Employees
Number of employees
The average monthly number of employees during the year was..
2024
Number
2023
Numbor
KingsGate Community Church
KingsGate Trading Limited
59
20
20
79
74
Employm•nt costs
2024
2024
Charity Subsidiary
2024
Group
2023
Group
Wages and salaries
Social security costs
Other pension costs
1,727,482
170,045
100,184
191,786
10,663
5.926
1,919,268
180,708
106,110
1,704,809
154,388
78,184
1,997,711
208,375
2,206,086
1,937,381
The number of employees whose annual remuneration was £60,000 or more were..
2024
Number
2023
Number
£60,001- £70,000
£70,001- £80,000
The above employees participated in the pension scheme. During the year ended 31 December 2024,
pension contributions for these employees amounted to £31,185 (2023 - £18,098}.
-25-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Tangible fixed assets
Group
Freehold Plant and
land and equipment
bulldlngs
Total
Cost
At 1 January 2024
Additions
Disposals
8,951,826 1,925,257
337,965
95,569
{28,043} (133,081)
10,877,083
433,534
(161,124)
At 31 December 2024
9,261,748 1,887,745
11,149,493
Depreclatlon
At 1 January 2024
Depreciation charged in the year
Eliminated in respect of disposals
1,183,437 1,447,448
87,250
144,872
(132,726)
2,630,885
232.122
(132,726)
At 31 December 2024
1,270.687 1,459.594
2.730.281
Carrying amount
At 31 December 2024
7,991,061
428,151
8,419,212
At 31 December 2023
7,768,386
477.809
8.246,195
Charlty
Freehold Plant and
land and equipment
buildings
Total
Cost
At 1 January 2024
Additions
Disposals
9,856,500 1,845,760
337,965
95.569
{28,043) (133,081)
11,702.260
433,534
(161,124)
At 31 December 2024
10,166,422 1,808,248
11,974,670
Depreciatlon
At 1 January 2024
Depreciation charged in the year
Eliminated in resped of disposals
1,183,437 1,375,668
87.250
142,942
(132,726)
2,559,105
230,192
{132,726)
At 31 December 2024
1,270,687 1,385,884
2.656,571
Carrylng amount
At 31 December 2024
8,895,735
422,364
9,318,099
At 31 December 2023
8,673,060
470,092
9,143,152
-26-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Tanglble fixed assets
(Continued)
All assets are used for direct charitable purposes.
Included within land and buildings is an amount of £1,443,957 {2023 - £1,472,000) in respect of land which is
not depreciated.
18 Flxed ass•t Investments
Investment in
subsidiaries
Group
Cost or valuatlon
At 1 January 2024 & 31 December 2024
Charlty
Cost or valuatlon
At 1 January 2024 & 31 December 2024
The investmenl represents a 1000/0 shareholding in KingsGate Trading Limited, a company incorporated in
England and Wales.
For details of the principal activty and results for the year, see note 13.
19 Flnancial instruments
Group
2024
Charlty
2024
Group
2023
Charity
2023
Carying amount of financial assets
Trade debtor5
other debtors
Amounts due from subsidiary undertakings
Bank and cash
Fixed asset investments
45.761
15
17,092
59,045
1,523
20.056
1,523
57,985
3,269,088
3,501,034
2,463,224
2,439,711
Measured at cost
3,546,810
3,344,181
2,523,792
2,461,291
Carrying amount of financial Ilabllltles
Trade creditors
Accruals
Bank loans
Amounts due to subsidiary undertakings
33.021
187,755
27,356
177,079
44,859
164,897
230,347
40,347
158,007
230,347
2,390
Measured at cost
220,776
204,435
440,103
431.091
-27-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Stocks
2024
Group
2024
Charity
2023
Group
2023
Charity
Finished goods and goods for resale
4,270
4,505
21 Debtors
2024
Group
2024
Charity
2023
Group
2023
Charity
Amounts falling due within one year:
Trade debtors
Income tax recoverable
Amounts due from subsidiary undertakings
other debtors
Prepayments and accrued income
45,761
50,486
17,092
50.486
57,985
15
45,747
59,045
46,773
20,056
46,773
15
47,898
1,523
55,814
1,523
47,209
144,160
6,124
171.325
163,155
5,761
115,561
Deferred tax ass8t
150,284
171,325
168,916
115,561
22 Creditors: amounts falling due within one year
2024
Group
2024
Charity
2023
Group
2023
Charlty
Notes
Bank loans
Other taxation and social security
Deferred income
Trade creditors
Amounts due to subsidiary undertakings
other creditors
Acuuals
23
230,347
50,806
18,588
44,859
230,347
37,729
3,750
42,347
2,390
35,896
156,007
57,090
23,812
33,021
39,989
2,550
27,356
22,351
187,755
20,133
177,079
36,627
164,897
324,029
267,107
546,124
508,466
Deferred income for the charity is income received for Learning Communities that relates to the year ended
31 December 2025. Additional deferred income for the group relates lo deposits for room hire bookings
received in advance.
28-

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Loans and overdrafts
2024
Group
2024
Charity
2023
Group
2023
Charlty
Bank loans
230,347
230,347
Payable within one year
230,347
230,347
During the year the loan has been repaid in full. The charity bank borrowings were secured over the assets of
the group.
24 Provision for Ilabilltles
2024
Group
2024
Charity
2023
Group
2023
Charity
Deferred taxatlon
Balance$:
Tax losses
6,124
5.761
2024
Movements In the year:
Liabiltyl{Asset) at 1 January 2024
Credit to profit or loss
{5,761 }
{363)
Liabilityl(Asset) at 31 De￿mber 2024
{6,124)
The deferred tax asset set out above is expected to reverse within the foreseeable future and relates to the
utilisation of tax losses against future expected proffts of the same period.
-29-

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KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
29 Control
No one individual has overall control of the charity-
30 Operatlng lease commitments
Group and charlty
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2024
2023
Imthin one year
Be￿een and five years
22,710
35,985
22,710
22,710
58,695
31 Related party transactlons
Remuneratlon of key management personnel
The totsl amount of employee benefits {including employer's pension contributions) received by key
mansgement personnel is £573,140 (2023 - £504,349}. The charity considers its key management personnel
compnses of the members of the Multisite Strategy team.
Transactions with related partles
During the year..
Management charges of £61,519 (2023 - £36,168) were charged to KingsGate Trading Limited.
Wages costs are recharged between the Charity and KingsGate Trading Limited, resulting in net income to
the Charity of £4,765 (2023 - £15,794).
A gift aided donation of £66,224 (2023 - £9,374) was also received from KingsGate Trading Limited with
further £155,672 {2023 - £41,515) to be paid after the year end.
Included within debtors is £57,985 (2023 - £2,391) due from KingsGate Trading Limited.
Donations of £135,254 (2023 - £111,125) were received during the year from six Trustees or Directors of the
subsidiary company (2023 - seven). No conditions were attached to these donations.
During a prior year the charity had an arrangement with a third paty to create videos based on a book
authored by D Smith, a trustee. Many churches and individuals benefitted from the videos, as did KingsGate.
The creation of the videos promoted books sales and therefore may have impacted on royalties eamed by D
Smith, but it is not possible to quantify the effect. A proportion of royalties from the book eamed by D Smith
will be gifted back to the project and the church will receive an equal share of any surplus generated from
video sales over and above costs incurred.

KINGSGATE COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
32 Cash generated from operatlons
2024
Group
2024
Charity
2023
Group
2023
Charity
Surplus for the year
1,414,055
1,414,055
840,426
801,287
Adjustments for:
Investment income recognised in statement of
financial activities
Gain on disposal of tangible fixed assets
Depreciation of tangible fixed assets
(89,348)
{572.418}
232,122
(89,348)
(572,418)
230,192
{63,552)
{1,298)
249,675
(63,552>
(1,298)
246,712
Movements in working capital..
Decrease in stocks
(Increase) in debtors
Increase in creditors
235
22,708
3,028
235
22,708
3,028
5,367
(9,930)
34,198
33.384
22,039
Cash generatsd from operatlons
1,010,382
1,008,452
1,054,886
1,038,572
33 Analysis of chang88 in net funds
Group
At 1 January
2024
Cash flows At 31 December
2024
Cash at bank and in hand
2,463.224
1,037.810
3,501,034
Loans falling due within one year
(230,347)
230,347
2,232,877
1.268,157
3,501,034
Charity
At 1 January
2024
Cash flow5 At 31 Decèmber
2024
Cash at bank and in hand
2,439,711
829,377
3,269,088
2,439,711
829,377
3,269.088
Loans falling due within one year
(230,347)
230,347
2,209,364
1,059,724
3,269,088
-37-