COMPANY REGISTRATION NUMBER: 05539255
CHARITY REGISTRATION NUMBER: 1112820
THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Financial Statements
31 March 2025
K B M UK LIMITED
Chartered Certified Accountants & statutory auditor
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
14
18
Statement of financial position
19
Statement of cash flows
20
Notes to the financial statements
21

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
Reference and administrative details
Board of DirectorslTrustees
Reverend B A Adedeji- Chair
Pastor N O Murele
Pastor V D Omonedo (Resigned 31 January 2025)
Pastor O Balogun
Mr D Tabiri (Appoinled 1 April 2024)
Ms M Lanre-Akinsiun (Appointed 1 April 2024)
Charity registration number
1112820
Company registration number 05539255
Registered office
4 New Windsor Street
Uxbridge
Middlesex
UB8 2TU
Company secretary
P8Stor O Balogun
Auditor
K B M UK Limited
Chartered Certified Accountants & Statutory Auditors
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ
Bankers
Barclay Bank
142 high Street
268-270 High Street
Uxbridge
UK
UB8 1JX
HSBC Bank PLC
268-270 High Street
Uxbridge
UK
UB8 18Y

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) fcontlnued)
Year ended 31 March 2025
The yearly audited financial statement and report ofthe Kingsborough Centre, a charitable company, for
the fiscal year ending on March 31, 2025, is submitted by the Board of Trustees, who, under the Charity
Act, also serve as directors of the Charity.
The Board of Trustees here attests that the report and audiled financial slalemenls comply wilh the
provisions of the Companies Aci 2006, the Charities Acl 2011, the Charities Act 2022, the charitable
company's governing document, and the Statement of Recommended Practice {SORP) for charities
preparing accounts in accordance with the Financial Reporting Standard (FRS 102) applicable in the
UK, and all other relevant statutory requirements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
CONSTITUTION
By virtue of a Memorandum and Articles of Association adopted on August 16, 2005, and amended on
Aug ust 10, 2020, the Charitable Organisation was duly incorporated as a charitable entity with charity
number 111292 and company number 0553925.
In accordance with the Companies Act 2006, the Charity as a company limiled by guarantee is duly
regulaled by ils governing document, the Articles of Association. The governing documenl and other
e￿enSIVe statutory regulations serve as the ground for formulating policies that control the daily
operations of the organisation.
METHOD OF APPOINTMENT OR ELECTION OF BOARD OF TRUSTEES
The management of the charitable company rests wilh the Boafd of Trustees, who are appointed or
co-opted in accordance with the Articles of Associalion. Pursuant to section 3(7) of the Articles of
Association, Ihe Trustees have the authority to appoint additional trustees. However, the number of
trustees must not exceed nine and shall not be fewer than three.
In the year under review, following the resignation of Pastor Vero Omonedo, the Board appointed two
new trustees, Mrs Dupe Akinisun and D8niel Tibiri. The latter is an experienced accountant, while the
former has vast experience in Human Resources. The Board is pleased with the fact that the inclusion of
these two new trustees has broadened the skill matrix of the Board, thereby making the Board more
equipped to carry out its governance obligalions efficienlly.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF BOARD OF TRUSTEES
The induction process for anyone who was newly appointed as a member of the Board of Trustees
entails a meeting wilh the Chair and other Truslees. After that, the Trusiee(s) meei with the Chief
Executive to familiarise themself with the authorities and obligations of the Trustees. The Trustee is at
this stage given an Induction Park, which contains the governing documents of the chariiable company
and relevant excerpts from the Charity Commission Guidelines. including DOC CC3 and CC11, i.e. the
Essential Trustee: Vwhat you Need to Know and the Trustees, Expenses and Payment.
The Trustee is expected to occasionally participate in various training events, refresher courses with
current trustees, conferences, and seminars. These events are tailored to enhance their governance
skills further and ensure they are updated on their responsibilities and any sector-related changes.
These procedures will ease their ability to adhere to important statutory provisions and boost their
confidence and effectiveness in discharging Iheir obligations.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Directorfs Report) (¢ondnued)
Year ended 31 March 2025
To support the effective preparedness of newly appointed Trustees, the Board organised an
on-boarding programme Ihal included a Iraining session on governance and trustee obligalions,
facilitated by Dr. Uche Iloka of Greydern Associated.
ORGANISATIONAL STRUCTURE AND DECISION-MAKING
ile acknowledging the presence and impact of a spiritual pasior, the affairs of the charitable
organisation are solely regulated by the provisions of the company's Articles of Association. Hence. the
Board of Trustees meets regularly to oversee the affairs of the charity, which is in accordance with the
charity's organisational structure,
The charity's day-to-day administrationlmsnagement is delegated to the Chief Executive, who promptly
reports on the charity's operations to the trustees.
The Board ofTrustees' continuous involvement Is essential and prudeni in ensuring the well-being of the
charity, especially in scenarios where the charity may be exposed to enormous risk and the potential
implications it msy have on the charity.
RISK MANAGEMENT
The trustees fully comprehend the e￿ent of Iheir responsibility to notice and evaluate potential risks to
which the charilable organisation could be exposed and adopt prevenlive methods lo forestall any likely
exposure to fraud and efrors. The Board of Trustees uses a risk-preventive approach that involves a
consistent and detailed systematic means for assessing, identifying and evaluating potential risks. This
process enables the Board of Trustees to initiate plans to curb any identified risk effectively,
One systematic means employed involves conducting periodic legal checks to ascertain the
organisation's current operational status. The trustees are confident Ihat the current organisation
structure and modus operandi can mitigaie the organisation's exposure to significant risks and are
flexible enough 10 adapt quickly to minimise the gravity of any potential dangers. Notwithstanding, the
trustees have assessed any possible primary risk the Charity may face.
Such identifiable risks include the need for constant governance checks lo ensure the competencies of
existing trustees, evalualing where new skills and training for Ihe board afe necessary, and ensuring the
financial system has adequate control in place, particularly Ihose relaied to paymenls. The Irustees are
also managing litigious exposure as it concerns subsid iaries. The Trustees have Considered identified
risks and are implementing adopled methods aimed at mitigating the possibility of the charity being
exposed to such risks.
PERSONS WITH SIGNIFICANT CONTROL REGISTER
In accordance with the provisos of Part 21A of the Companies Act 2006 relating to individuals with
significant control over the charitable companyl and or Relevant Legal Entities (RLES) with sign ificant
control, the charitable company declares it is not aware of any registrable person or registrable entity in
relation to the charitable company.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fcontlnued)
Year ended 31 March 2025
OBJECTIVES AND ACTIVITIES
OBJECTIVES
The objects of the Kingsborough Centre are:
1 , The advancement of the Chrisiian Faith Worldwide for Ihe public benefil Ihrough establishing
churches and Christian Community Hubs, carrying out Missionary activities, holding Bible
Studies, Prayer Meetings, Training in Christian Ministry, public celebrations of Chrisiian
religious Festivals, producing andlor distributing literature and audio-visual materials on
Christianity to enlighten others about the Chrislian faith.
2. The relief of those in need because of youth, age, ill-health. disability. financlal hardship, or
other disadvantages. For example, setting upladministering or supporting day nurseries,
playschools, and other educational establishments for economically disadvantaged families.
3. The prevention or relief of poverty worldwide by providing grants, items, 8nd services to
individuals in need andlor charities or other organisations working to prevent or relleve poverly,
including developing the capacity and skills of members of the community who are socially and
economically disadvantaged in such a way that they are better able to identify, and help meet,
their own needs and to participate more fully in society,
The progress achieved so far is largely attributed to the invaluable contributions of the organisalion
leaders, team leaders, and dedicaled volunteer workforce, all of whom have been insirumenial 10 the
orgaiiisation's achievements. The synergy demonstrated across all levels of the organisalion has
enabled the smooth and effective execution of initiatives aimed at fulfilling the Charity's objectives. In
particular, the church leaders, production team, IT team, and committed volunteers have shown
unwavering dedication and focus in advancing the Charity's mission.
STRATEGIES FOR ACHIEVING OBJECTIVES
A5 part of its commitment to achieving ils objectives, the Board adopled a five.ye8r slrategic plan, which
the organisalion diligently follows. A review of the first phase of the plan indicates Ihat the organisaiion
has achieved a significant part of Ihe plan within the firsl 12 months. The Board is, therefore, optimistic in
projecting that the two-year strategic plan timeline will be met. The said Iwo-year plan is reproduced
here.
2-Year Plan
1. Complele expansion projecl
2. Increase incoming generation initialives
3. Have 8 Strong ambassador community
4. Raise or attract at least 20 strong business owners to become members of the organisation
5. Have at least 50 public leaders across the board who are members of the organisation.
6. Develop a businesslpublic leadership curriculLJm which would bolh prepare leaders and equip
them with the right skills for setvice.
7. Operate a thrimng media and music label studio
8. Increase membership strength to al least 300
g. Embark on an annual cruise as part of the relationship ministry event.
10. Open five Nurseries
11. Open five Franchises
12. Open One Primary School.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (conunued)
Year ended 31 March 2025
ACTIVITIES FOR ACHIEVING OBJECTIVES
During the year under review, the trustees continued to provide stralegic leadership and oversight of the
charily's work. ensuring ils activities remained aligned with ils charitable objectives and complia nt with
applicable stalutory requirements. The Board priorilised long-term planning a nd sustainabilily,
embedding governance practices that strengihened both organisational structure and accountability.
A central focus was refining operational policies to enhance programme delivery, community
engagemenl Ihrough foodbank services, and institutional growth. The Trustees oversaw Ihe
implementalion of frameworks that ba lance spiritual, social, and developmental initiatives, with
particular attention to responsible resource stewardshlp, as can be gleaned from the financial reports.
The Board also strengthened its governance by updating internal controls. refining risk management
strategies, and engaging professional services where necessary. This provided a solid foundation for
informed decision-making and ensured the effective monitoring of all activities undertaken during the
year.
The synergy between governance, strategic planning, and day-to-day operations has been vital in
enabling Ihe charily lo pursue its objectives with renewed focus. The truslees remain committed to
sustaining Ihese efforts while continuously evaluating organisational effectiveness in line with best
practices and regulatory guidance.
As always, Ihe trustees understand the nexus between their functions and Ihe church congregation.
Hence, they make steadfast efforts io keep the congregation well-informed of planned activities and
Ireat feedback as a vital part of the process, which ensures good governance and transparency.
PU8LIC BENEFIT STATEMENT- COAT OF MANY COLOURS NURSERY
As a registered charity, our nursery operates with the core purpose of advancing early year's education
and supporting families in our community. We do not exist to generate private profit., rather, we reinvest
all surpluses into the quality of care, education, and wellbeing of children. Our operaiions clearly meet
the primary purpose trading test, and the impact of our work provides measurable public benefit.
How We Deliver Public Benefit
1, Free Meals for Funded Children
All children accessing 15-hour funded places receive nutritious meals at no additional cost,
ensuring that no child is excluded from healthy ealing due to financial barriers.
2. Affordable and Flexible Funding
We support families who struggle io pay childcare fees by offering affordable rates, flexible
funding models, and payment options that remove financial obstacles.
3. Flexible Hours for Parents
We offer adaptable hours to suit parents, working schedules, making high-quality childcare
more accessible and reducing stress for working families.
4. 5nvestment in Staff Development
We provide Iraining and professional development opportunilies for staff, including unqualified
team members, enabling them to grow and provide better care.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) feontlnued)
Year ended 31 March 2025
5. Living Wage Employer
Unlike many profit-driven nurseries, we pay the London Living Wage, even to unqualified staff,
supporting staff retention, morale, and long-lerm commitment.
6. Employment Opportunities
We create local jobs and invesl in workforce developmenl, helping individua Is progress in their
careers while strengthening our community.
7. Free Kixx Sessions
All children benefit from free Kixx sports and physical education sessions, promotlng health,
fitness, and teamwork skills as part of their early development.
8. Educational Outings
We organise reglilar outings and enrichment trips (to parks, farms, museums, and Oiher cultural
sites>, broadening children's experiences beyond the classroom.
9. Inclusive SEND Support
We support children wtth additional needs through referrals to the Specialist Advisory Service
(SAS), personalised observations, and inclusive practice, ensuring equal access to education,
10. Parental and Community Engagement
We partner with parents by sharing learning records {via Tapestry), supporting school
transitions, running workshops, and signposting families to community services such as
foodbanks and advisory support.
Comparison with Non-charitable Providers
Unlike non-charitable nurseries that may:
Charge additional fees for meals, snacks, or activities for children in the 15 hours funded places.
Pay unqualified staff the apprentice rate to maximise profits,
Exclude families who are unable lo afford the full fees,
Conclusion
Our nursery provide5 a Service that is educational, inclusive, and community-focused, demonstrating
both primary purpose Irading and clear public benefit. Every child, regardless of background, is given
the opportun ity to thrive in a nurturing, high-quality enmronment that reflects our charitable mission.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (condnued)
Year ended 31 March 2025
Charilable Giving Report
As part of our charitable purpose, we are commitied nol only lo advancing early years education and
supporting families locally but also to exiending our impact through regular donations to other charities
and community initiatives. This reflects our ethos of Kingdom building, communily regeneralion, and
public benefit beyond our direct nursery services.
Monthly Charitable Contribulions
Each month, we donate a total of £2,000 to a number of regislered charities and failh-based
org8nis8tions whose work aligns with our values..
Vopio Ltd - Supporting community initiatives and social impact projects.
Ahavah Providing resources and oulreach for vulnerable families and individuals.
CCFON Limited (Christian Concern for Our Nation) - Advanclng Christian values and
advocacy al a national level.
Hillingdon Brain Tumour Group- Supporting families affected by brain tumours and
contributing to local heallh-related causes.
National Church Initiatives - Partnering with wider church movements to strenglhen
failh-bssed community projecls across the UK.
Neighbourhood Prayer Network- Encouraging prayer, unity, and transformation within local
communities.
The Emmanuel School - Supporting access to quality Christian education for children.
OAC - Creative Evangelism - Contributing to evangelistic outreach and global mission.
Annual Impact
At £2,QOO per monlh, our total charitable giving amounts to £24,000 annually. These donations are
made from our charilable income and are reinvested into causes thal advance education, community
wellbeing, faith, and public good.
Public Benefit Alignment
These contributions demonstrate our commitment io ensuring Ihat,.
Our charitable resources reach beyond our immediate beneficiaries, supporting wider public
and community benefit.
We actively contribute to local, national, and international initiatives that align with our mission.
We extend our impact by partnering with trusted charities and ministries working to meet
physical, educational. and spiritual needs.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (condnued)
Year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
Over the past year, Kingsborough Centre has continued to provide a vibrant place ofworship. teaching,
and spiritual empowerment. Key events such as the Viclory Encounter Retreat, the Go for Gold, and a
Special Resurrection weekend concerts and services enriched weekly services. Alongside in-person
gatherings, online participants grew sleadily Ihrough Victory Voice broadcasis and intercessory prayers
on KingsboroughLive TV.
The Coat of Many Colours (CMC) Nursery expanded its provision of inclusive year-round education with
the opening of a new branch in Hounslow in May 2024, which grew from four to over thirty children.
Together with the Uxbridge and Hayes branches, CMC serves children from three months to school age,
including those with SEND, while offering funded places, free meals, seasonal celebrations, and family
excursions.
A major mllestone was the purchase of Technology House in February 2025. This property will serve as
the new headquarters for the Hillingdon Foodbank, a communily hub, and a Church auditorium,
providing further stability and capacity for growth.
Community ministries also flourished In the past year. The Foodbank responded to Ihe increasing
pressure of the cost of living crisis by assisting hu ndreds of familie5 each month, supported by donation
drives, volunteer training, and partnerships wilh supermarkets and local sponsors.
The NxGe, Hardaash group, and Kingsmen provided spiritual growth, leadership development, and
family support. The 247 Community Engagement Initiative further strengthened links with local seNices
by promoting mental health awareness 8nd support.
Below is a summary of some of these activities:
4.1.1. Kingsborough's Notable Eventslservice
4.1.1.1 Valentine Celebration: "Femme Love at Valentine"
This evenl marked a heartfelt start to the year with the celebration themed "Femme Love al Valenline."
Held in February 2024, it emphasised the importance of expressing God's love among the brelhren and
wilhin the broader community. The event was both joyful and reflective, encouraging spiritual bonding
and warm fellowship. 11 was widely regarded as a memorable celebration and was well attended by
members of the congregation.
4.1.1.2. Annual Academic Lecture
The highlight of the autumn calendar was the Annual Academic Lecture, themed "An Intersection of
Failh and Social Care., This thought provoking forum featured a panel of distinguished guest speakers..
Reverend Urmila Kurkalang
Reverend Canon Yemi Adedeji
Professor Keith Brown
Danielle Farrers
The event was further honoured by the presence ofcllr Philip Corthorne, Deputy Mayor of Hillingdon, as
the Special Guest of Honour. It provided deep insights into how faith communities can engage more
effectively with soclal care praGtiGes, 5parKing meaningful dialogue among aiten(Jees.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conllnued)
Year ended 31 March 2025
4.1.1.3 Christmas Celebrations and Year-End Services
The festive season at Kingsborough was filled with a series of celebrations and spiritual adivilies:
The joint Chrislmas party for church members and the Coat of Many Colours Nursery staff
brought the community together in warmth and gratitude.
A Carol SeNice was held io reflect on the birth of Christ through music and worship.
The "Go for Gold" year-end message and the Crossover Service marked the transition into the
new year with powerful declarations and thanksgiving.
4.1.1.4 Disciple Conference
The Disciple Conference 2025 was a major leadership and capacity building gathering for all
Kingsborough workers. The event focused on equipping the workforce with spiritual and operaiional
guidance for the year ahead. Guest speakers included..
Pastor Femi Atoyebi
Canon Yemi Adedeji
Their sessions were impactful, setting a spiritual tone of commitment and excellence among the
workers.
4.1.2. EXPANSION AND RESTRUCTURING
4.1.2.1. Technology House Acquisition
In a landmark development, Kingsborough Centre purchased Technology House, a new property to
house the Hillingdon Foodbank HQ, Community Hub, and Church Auditorium. This move represents a
strategic step toward gr0￿h, permanence, and improved service delivery.
4.1.2.2. Hillingdon Food Bank:
The Foodbank continued its vital work, distributing food pa rcels to those in crisis. Wth Ihe rising cost of
living, demand increased, and the team responded by..
Hosting additional donation drives and volunteer tralning
Receiving support from local supermarkets and sponsors
Expanding outreach, with hundreds of families assisted monthly
Presentation of New Food Bank Van
In the spring of 2024, the Kingsborough Food Bank received a significant boost with the
unveiling of a new van generously gifted to the organisation. Mayor Shehryar graced the
auspicious and inspirational ceremony, which was allended by stakeholders, volunteers, and
community members. This new addition greatly enhanced the food bank's logistics and
outreach capabilities.
Food Bank Harvest Collection
The annual food bank harvest collection campaign look place during the late summer months.
This vital initiative engaged the Kingsborough congregation particularly the Kingsmen in
active participation. The collection season served as a reminder of our mission to support those
in need and fostered unity through shared purpose and generosity.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (condnued)
Year ended 31 March 2025
4.1.2.3. Coat of Many Colours Hounslow:
The Coat of Many Colours (CMC) Nursery continued its commitment to excellence in early childhood
education and care. Some major highlights this year are:
The establishment of a new branch in Hounslow in May 2024, beginning with four children and
expanding to over 30 children by March 2025
The three branches (Uxbridge, Hayes & Hounslow) provided inclusive early years education for
children aged 3 months to school age, including those with SEND
Continued offering of 15- and 30-hour funded places for eligible children, with free cooked
meals for those on 15-hour places
Celebrated seasonal events including graduations, Father's & Mother's Day, and Christmas
parties involving parents
Organised major excursions to destinations such as Hobbledown, Legoland, and other local
attractions
4.1.2.4. Kingsborough Primary School Project:
Building on the success of the Coat of Many Colours (CMC) Nursery, the trustees are still committed to
the plan to establish Kingsborough Primary School. The school will provide continuity of education for
children who leave the CMC nursery or other nurseries to start primary school. The Primary School will
operate in a high-quality learning environment that meets the needs of families and strengthens the
community. The organisation is still consulting with education specialisis and local stakeholders, along
with financial plann ing, lo ensure sustainabilily.
4.1.2.5. Connect Magazine & Publication:
The organisalion continued to use the publicalions and media to communicate its mission and
strengthen community engagement, In the year under review, the Kingsborough Church achieved the
following..
Published four editions covering spirituality, women's issues, community impact, and upcomlng
event5 {e.g. IWD & Mother'5 Day)
Featured series.. Marriage relaiionship support, health awareness, and spiritual
encouragement.
Launch of The GIST., The new year, declared "Our Year of Enlargement" began with the launch
of The GIST - The Kingsborough Internal Newsleller. This publicatlon serves as a vilal
communicalion and inspiralion tool for Ihe church community, sharing updates, testimonies,
and upcoming programs.
KingsboroughLiveTV continued to broadcast and stream services, sermons, and prayers,
exiending the church's reach digitally.
4.1.2.6. Kingsmen
As the Kingsborough Centre's men's ministry, the Kingsmen organise spiritual and leadership forums.
These fofums equip men to strengthen their faith, build strong families, and conlribute positively lo the
church and the community. The Kingsmen were actively involved in this year's foodbank outreach
events thereby demonstrating practical application of teachings they receive in their men's forums.
4.1.2.7. Hadassah
The Hadassah group in the year under review, focused on spiritual growth, family and community
engagement. Through conferences, workshops, Bible studies. and social initiatives, they empowered
women to develop leadership skills, slrengthen families, and foster personal and spiritual growih. The
Hadassah Travail programme was very engaging. It is a weekly online prayer meeting that creates an
enabling atmosphere where members exercise their faith and support each other in prayer.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
4.1.2.8. NXGN
The NXGN is the youth and leen group of Kingsborough Centre. This group provides a safe and
engaging space for young people to grow spiritually, socially, and personally. Through worship
sessions, mentorship, games and developing activities, they equip youth with leadership skills,
faith-based guidance, 2nd Ihe opportunily to contribute positively to the community. The leadership
have been able to attract more youths to the church through evenls thal resonates with their generation,
4.1.2.9. Children's Church
The Children's Church at Kingsborough Centre provides age appropriate spiritual learning activities,
fostering faith, values, and community engagement. Annual events such as Falher's Day or Motherfs
Day and other special occasions are celebrated with the children, thereby helping children and their
families build lasting memories and strengthen community bonds. In accordance with safeguarding
policies and best practices, all activities are conducted in strict adherence to safeguarding policies,
ensuring a safe and supportive environment for the children to thrive.
4.1.2.10. Sunday Morning Life
The Sunday sefvice at Kingsborough Church forms the cornerstone of the church's worshlp and
teaching programme. 11 is designed to meet the congregation's diverse spiritual needs, providing
opportunities for praise, prayers, and fellowship in 8 blissful environment.
To heighten expectations and enrlch the service experience, Sunday Setvices have varioLFS ihemes,
such as..
Thanksgiving, Communion and Testimony Service
Sunday Special Anointing Service
Sunday Family and Friends Service
Sunday Just Worship Service
Sunday The Great Commission (soul winning service)
Through this range of services, the church seeks to nurture faith and strengthen community bonds.
All services are complemented by livestreaming via KingsboroughLiveTV, which ensures accessibilily
for members who cannot attend in person and promotes engagement across the local and online
community.
To further provide a platform for spiritual development for people of all ages and backgrounds, the
Kingsborough Church services are spiced and enriched by a variety of Guest minislers who complement
the teachings and aposlolic gifts of the Senior Paslors Ihrough Iheir scripture inspired messages.
4.1.2.11. Church Tithingl Benevolence Giving
Al Kingsborough Centre, members coniribute during services and through digital channels. The church
promotes selfless and voluntary giving, includ ing tith ing and cheerful contribulions, in accordance with
biblical teachings. Hence, gifts and donations are meant to be given joyful as such contributions are vit81
expression of fatth.
4.2 Conclusion
The period under review has been marked by spiritually enriching, community cenired, and
growth-ofiented events. Each activity has contribuled meaningfully to The Kingsborough Centre's
mission and outreach into the community. The Board acknowledges and appreciates the support of the
pastoral team and look forward to more impactful programs in the coming year.
10

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnued)
Year ended 31 March 2025
5. INVESTMENT POLICY AND PERFORMANCE
The Board of Trustees is commtited to keeping the organisation's funds in interest bearing accounls
while considering safe and suitable inveslments with higher reiurns. To this end, the Trustees undertake
to engage the services of legal and financial experts before considering investment alternatives. This
ensures that investment decisions are only made after considering expert opinions and best practices.
6. FACTORS RELEVANT TO ACHIEVING OBJECTIVES
As Trustees, we recognise thal strong leadership and governance are essential to ensuring that all
activities align with Ihe church's mission, comply with legal requirements, and supporl strategic
priorities.
It IS 81so essential to ensure that adequate infrastructure, prudent financi81 management, and strict
safeguarding policies are in place lo maintain high quality services, continuity, and the successful
development of future initiatives.
Furthermore, as Trustees, we understand our fiduciary duties to act in the best interest of the charily,
monitor compliance, manage risks. and maintain strong governance.
7. FINANCIAL REVIEW
The immediate financial position of the charitable company is good, and the long term position is stable.
7.1. RESERVE POLICY
The 808rd of Trustees initiated a "free resetves" policy that allows the charitable company to mainlain
unrestricted funds. In the year under review, these free reserves have been reviewed downwards to the
equivalent of one month (instead of the previous three months) of annual expenditure, excluding any
funds already committed or invested in tangible fixed assels.
The Board of Trustees unequlvocally believes that the charitable organisation's ongoing operations can
be sustained even if ils fin8nci81 resources are considerably reduced.
The Board of Trustees will continue io review the reserve policy to ensure it aligns with the
organ isation's overall strategic plans. This periodic review helps lo verify whether the current reserve
level aligns wtih the organisation's financial position based on incomes and expenditures in Ihe year
under review and takes into consideration any slrategic plans that have yel to be implemenled.
The Board ofTrustees is confident that the organisation currently possesses financial reserves allocated
for the specific objeclives outlined in ils forthcoming initiatives.
7.2 PRINCIPAL FUNDING
This is provided mainly through contributions and donations from members.

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conunued)
Year ended 31 March 2025
8. PLANS FOR THE FUTURE
8.1. FUTURE DEVELOPMENT
Kingsborough Centre aims to expand its educational and community services. Key priorities include
upgrading facilities at Uxbridge, esiablishing a Primary School to provide inclusive, high quality
education, and developing additional preschool care pathways, including a SEN unit.
The church will continue to grow its digital platforms, make Connect Magazine and event media archives
fully accessible online and expand the use of Technology House as a community hub.
These plans are designed to sirengthen outreach and ensure sustainable growth while continuing to
meet the needs of Ihe community.
The charitable organisation will remain steadfast in adopting measures that will ultimately lead to
fulfilling its fundamental objectives contained in ils governing documents, The chariiable organisation
will also consider further methods that will increase the resources and communily impact of ils charilable
aciivilies and deploy the proceeds in further pursuit of ils char¢iable objectives,
9. BOARD OF TRUSTEES, RESPONSIBILITIES STATEMENT
The Board of Trustees, who also setve as directors of the Kingsborough Centre for company law
purposes, is responsible for preparing the report and financial statements in accordance with relevant
legislation and the United Kingdom Accounting Standards (UK Generally Accepted Accounting
Practice).
The Board of Trustees is statutorily obligated to prepare financial statements for every fiscal year. The
Company law also empowers the Board of Trustees to withhold consent for financial statements ifthey
fail lo provtde an accurate and unbiased representation of the charitable company's current status.
The Board of Trustees is also expected to include in its report the inflow and outflow of resources,
including income and expenses, within the fiscal year. Furthermore, the Board of Trustees are to
consider the following factors while preparing these financial statements..
Meticulously pick accounting policies and consistently apply them.
Painslakingly observe the melhods and principles listed in the Charities Stalement of
Recommended Practice (SORP).
Exercise sound judgment and make reasonable and cautious estimates.
Indicate and explain in precise terms if there were any significant deviations from UK
Accounling Standards in financial statements. a nd or if they were strictly followed.
Prepare the financial statements on a going concern basis unless it is inappropriale to presume
that the charitable company will conlinue operaling.
The Board of Trustees is mainly responsible for keeping sufficient accounting records that contain a
detailed and reasonably accurate description of the charity company's financial position at any given
time. This enables the Board lo ensure that the financial statemenls comply wilh the Companies Act
2006.
The Board of Trustees is also liable for safeguarding the charitable company's assets and must follow
necess8ry procedures to prevent and identify fraud and olher fonns of misconduct.
12-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Trustees. Annual Report Ilncorporating the Directorfs Report) (condnued)
Year ended 31 March 2025
10. DISCLOSURE OF INFORMATION TO THE AUDITOR
To the best of the Board of Trustees, knowledge, the report has been approved under the following
conditions..
There is no maierial audit information that the charitable company or Kingsborough Centre
auditors are unaware of.
The Boafd of Trustees has adopted all requ ired measures to ensure it is entirely up io date with all
relevant audit information. It confirms that the auditor is also aware of such informalion.
11. AUDITORS
The charitable company's auditors, KBM UK Ltd, have indicaled their willingness to continue in office
and offer themselves for re-appointment at the next Annual General Meeting.
In preparing this report, the Board of Trustees has taken 8dv8ntage of the small companies, exemplions
provided by section 415A of the Companies Act 2006.
This report was approved by the Board of Trustees on .6. .of .October...
behalf by..
2025 an(1 slgned on its
Rev. Yemi Adedeji
Chair
13-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Independent Auditorfs Report to the Members of THE KINGSBOROUGH
CENTRE
Year ended 31 March 2025
Opinion
We have audited the financial statemenis ofTHE KINGSBOROUGH CENTRE (the'charity,) forthe Year
ended 31 March 2026 which comprise the statement of financial activities (including income and
expendilure account), statement of financial posilion, statement of cash flows and the related notes,
including a summary of significant accounting policies. The financial reporting framework thal has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS
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 ofthe state ofthe charity's affairs as at 31 March 2025 and of its incoming
resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance wlth the requlrements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of 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 financial
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 15 sufficient and appropriate to provide a basis for our opinlon,
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or condilions that, individually or collectively, may cast significant doubt on the charity's ability to
continue as a going concern for a period of at least twelve months from when the financial siatements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
14-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Independent Auditorfs Report to the Members of THE KINGSBOROUGH
CENTRE (conllnued)
Year ended 31 March 2025
Other infomiation
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial slatemenls does not cover the other information and. except to the extent
olherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the Oihef information
and, in doing so, consider whether the olher information is materially inconsistent with the financial
slalements or our knowledge obtained in ihe audit or otherwise appears to be maieri8lly misst8ted. Ifwe
Identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is 8 material misstatement in the financial statements or a material misstatement of the
other information. If, based on the work we have performed, we conclude that there is a material
misst8temeni of this other information, we are required to report that faci.
We have nothing lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on ihe work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial statements
are prepared is consistent with the financial statements., and
the tnjstees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and undersianding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which 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
received from branches noi visited by us; or
the financial st8tements are not in agreement with the accounting records and returns., or
certain disclosures oftrustees, remuneration specified by law are not made., or
we have not recelved all the Information and explanations we require for our audit; or
the trustees were noi entilled to prepare the financial statements in accordance with the small
companies regime and take advantage of Ihe small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
15-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Independent Auditor's Report to the Members of THE KINGSBOROUGH
CENTRE (conunued)
Year ended 31 March 2025
Responsibilities of trustees
As explained more fully in the truslees, responsibilities Statement, the trustees (who are also the
directors for the purposes of company law) are responsible for Ihe preparation of the financial
statements and for being saiisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary io enable the preparation of financial statements Ihat 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, dlsclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternalive but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misslatemenl, whether due lo fraud or error, and lo issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or In ihe
aggregate, they could reasonably be expected to influence the economic decisions ofusers taken on the
basis of these financial statements.
Irregulartties, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined 8bove, to detect material mlsstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
Irregularities, including fraud is detailed below:
The engagement partner ensured that they engagemenl team collectively had the appropriate
competence, capabilities and skills to identlty or recognise non.compliance with applicable laws
and regulations.,
We identified the laws and regulations applic8ble to the charitable comp8ny through discussion
with Trustees and other management and review of appropriate industry knowledge.
We assessed the extent of compliance with laws and regulalions ideniified above through
making enquiries of management and reviewing all relevant correspondence.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of malerial misstatement of the financial slatemenis, whether due to
fraucl or error, design and perform audit procedures responsive to those risks, and oblain audit
evidence Ihal is sufficient and appropriate to provide a basis for our opinion. 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, intenlional omissions, misrepresenlations, or the override of
intemal control.
Obtain an understanding of intemal control relevant to the audit in orderto design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the intemal control.
Evaluate the appropriateness of accounling policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
16-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Independent Auditorfs Report to the Members of THE KINGSBOROUGH
CENTRE (conllnued)
Year ended 31 March 2025
Conclude on the appropriateness ofthe trusiees, use of the going concern basis of accounting and.
based on the audit evidence obtained, whether a material uncertainly exisis related to events or
conditions Ihal may cast significant doubt on the charity's ability to continue as a going concern. If
we conclude that a material uncertainty exisls, we are required to draw attention in our auditor's
report to the related disclosures in the financial siatements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obiained up to the date of
our auditor's report. However, future events or conditions may cause the charity to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with govemance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
Internal control thal we idenlify during our audil.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16
ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's
members those mailers we are required to stale to them in an auditor's report and for no other purpose.
To the fullesl exient permitted by law, we do nol accept or assume responsibility to anyone olher than
the charity and the charity's members as a body, for our audit work, forlhis report, or for the opinions we
have formed.
Mr. Mohammed Afzaal Bhatti
(Senior siatuiory Auditor) FCCA
For and on behalf of
KBM UK LTD
1 Concord Business Centre
Concord Road
London
UK
W3 OTJ
06..Qctobor.2025......
17-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds Toi81 funds
2024
Unrestricted
funds
Note
Income and endowments
Donations
Other trading activities
Investment income
other income
223,013
1,226,872
516
34.988
14,240
237,253
1,226,872
516
34,988
1,499,629
210,448
906,028
1,880
4,875
Tolal income
1,485,389
14,240
1,123,231
Expenditure
Expenditure on ralslng funds,.
Costs of raising donations
Costs of other trading activities
Expenditure on charitable actlvlties
Total expenditure
16,498
962,010
413,071
16,498
973,819
416,445
1,406,762
16,385
777,161
373,124
11,809
3,374
10,11
1,391,579
15,183
1,166,670
Net incomel(expenditure)
93,810
(943)
92,867
(43,439)
Reconciliation of funds
Total funds brought forward
Tolal funds carried fO￿ard
587,638
2,812
590,450
833,889
681,448
1,869
683,317
590,450
The statement of financial activities includes all gains and losses recognised in ihe year.
All income and expenditure derive from continuing activities.
The notes on pages 21 to 30 form part of these financial statements.
18-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
202S
2024
Note
Fixed assets
Tangible fixed assels
17
4,766,595
2,687,836
Current assets
Debtors
Cash al bank and in hand
18
32,096
30,494
38,232
88,726
32,096
Creditors: amounts falling due within one year
Net current liabilities
20
731,183
382,407
699,087
4,067,508
313,681
Total assets less current liabillties
2,374,155
Creditors: amounts falling due after more than
one year
21
3,384,191
683,317
1,783,705
Nel assets
590,450
Funds of the charity
Restricted funds
Unrestricted funds
1,869
681,448
683,317
2.812
587,638
Toial charity funds
23
590,450
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companles, regime.
These financial statemenls were approved by the board of trustees and authorised for issue on
.Q.F..Q.Gt2.Q2.5....
and are signed on behalf of the board by:
Rev. Yemi Adedeji
Chair
The notes on page5 21 to 30 form part ofthese financial statements.
19

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flovts from operating activities
Nel incomel(expenditure)
92,867
(43,439)
Adjustments for..
Depreciation of tangible fixed assets
Olher interesi receivable and similar income
Accrued expenses
47,922
(516)
4,994
46,778
(1 ,880)
10,078
Changes in..
Trade and other deblors
Trade and other creditors
(1,6021
174,127
317,792
(22.457)
13.072
Cash generated from operations
3,052
Interest recelved
616
1,880
Net cash from operaiing activities
318,308
4,932
Cash flows from investing activitles
Purchase of tangible assets
Net cash used in investing activities
12,126,681) (295,011)
(2,126,681)
(295.011)
Cash flovds from financing activilies
Proceeds from borrowings
Net cash from financlng 8Ctivitles
1,762,564
1,762,564
207,245
207,245
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
155,809)
38,232
(82,834)
121,065
38,232
117,677)
The notes on pages 21 to 30 form part of these financial statements.
20-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General infonnation
The chafity is a public benefrt entity and a private company limited by guaranlee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 4 New Windsor Streel, New Windsor Street, UxbrKlge, Middlesex, UB8 2TU. England.
statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Ch8rities
SORP {FRS 102)> and the Companies Act 2006,
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assels and liabilities and inveslment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functlonal currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discrelion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected io restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one oftwo sutFclasses: restricted income funds or endowment
funds.
21

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (condnuedj
Year ended 31 March 2025
Accounting policies (¢ondnuedJ
Incoming resources
All incoming resources are included in the statement of financial activilies when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction will
flow lo the charity and the amounl can be reliably measured. The following specific policies are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably,
leg8cy income is recognised when receipt is probable and entitlement is established.
Income from donated goods Is measured at Ihe fair value of the goods unless ihis is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value csn be reli8bly measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of seNlces is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless ihere is a contractual
requirement for il to be spent on a particular purpose and returned if unspent, in which case it
may be regarded as restricted.
Resources expended
Expendlture is recognised on an accruals basis as 8 liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates:
expenditure on raising funds includes the costs of 811 fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activilles includes all costs incurred by 8 charity in undertaking
8Ctivities that further its charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relating to the governance of Ihe charity apportioned io charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attribuiable to a single activily are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
22-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Accounting policies (¢ontlnued)
Tangtble asseis
Tangible assets are initially recorded at cost, and subsequently staled at cost less any
accumulated depreciation arsd impairmenl losses. Any iangible assets Carried at revalued amounts
are recorded at the fair value at the date of revalualion less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
An increase in Ihe carrying amount of an asset as a result of 8 revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown wilhin
other recognised gains and losse5 on the statement of financial activities.
Depreciatlon
Deprecialion is calculaied so as lo write off Ihe cost or valualion of an asset, less ils residual value.
over the useful economic life of thai asset as follows.,
Plant & Machinery
Freehold Build ing
Leasehold Property
25010 reducing balance
100 Years straight line - 350A building element only
18 Years straight line
Impairment of fixed assets
A review for indicators of impairment Is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of Ihe recoverable amount of the cash-generating unit
to which the assel belongs. The cash-generating unil is the smallesl identifiable group of assets
that includes the asset and general8s cash inflows that largely indep8ndenl of the cash Inflows
from other assets or groups of assets.
For impalrment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespe￿1Ve of whether other asseis or liabilities of the charity are
assigned to those units.
Government grants
Government grants are recognised at the fair value ofthe asset received or receivable. Grants are
not recognised until there is reasonable assurance that the charity will comply with the conditions
attaching to them and the grants will be received.
ere the grant does not impose specified future perfomance-related conditions on the recipient,
it is recognised in income when the grant proceeds are received or receivable. INhere the grant
does impose specified future perfomiance-related conditions on the recipienl, it is recognise(J in
income only when the performance-related conditions have been met. Vvhere grants received are
prior to satisfying the revenue recognition criteria. they are recognised as a liability.
23-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (condnued)
Year ended 31 March 2025
Accounting policies (contlnued)
Financial instruments
A financial asset or a financial liability is recognised only when the charily becomes a party to the
contractual provisions of the instrument. Basic financial instruments are inilially recognised ai the
amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
ere investments in shares are publicly traded or their fair value can othetwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expendilure. All Other such investments are subsequently measured at
cost less impairment.
Other financi81 instruments, Including derivatlves, are initlally recognlsed at fgir value, unless
paymenl for an assel is deferred beyond normal business terms or financed at a rale of interest
Ihai is noi a market rate, in whlch case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt Instrument.
Other financial Instruments are subsequently measured at fair value, with any changes recognised
in the statement of financial aciivities, with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are revlewed for objective evidence of
impairment at Ihe end of each reporting date. If there is objective evidence of Impairment, an
impairment loss is recogn ised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets Ihat are individually
significant, these are assessed individually for impairmenl. Other financial assets are either
assessed individually or grouped on the basis of similar Cfedit risk characteristics.
Any reversals of impairment are recognised immediately, lo Ihe extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Donations and legacies
Unrestricted
Funds
Restricled Total Funds
Funds
2025
Donations
Donations - Thanksgiving
Donations- Tithes, Offerings & Other Donation
Donations - Gift Aid
Donations- Building Fund
8,829
170,285
43,899
8,829
170,285
43,899
14,240
237,253
14,240
223,013
14,240
24-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements fconllnued)
Year ended 31 March 2025
Donations and legacies (confinued)
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations- Thanksgiving
Donations- Tithes, Offerings & Other Donation
Donations - Gift Aid
Donations - Building Fund
7,293
160,443
40,847
7,293
160,443
40,847
1.865
1,865
208,583
1,865
210,448
Other trading activities
Unreslricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
CMC Nursery Income
1,226,872
1,226,872
906,028
906,028
Investment income
Unrestrl￿ed Total Funds Un￿StrICted Total Funds
Funds
2025
Funds
2024
Bank Interest receivable
516
616
1,880
1,880
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2026
Funds
2024
Rental income
34,988
34,988
4,875
4,875
Costs of raising donations
unrestri￿ed Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Support costs (nole 11)
16,498
16,498
16,385
16,385
-25-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Costs of other trading activities
Unrestricted
Funds
Resiricted Total Funds
Funds
2025
Fundraising trading-CMC nursery (see details ￿ge 33)
Support costs (note 11)
858,335
103,675
858,335
115.484
11,809
962,010
11,809
973,819
Unrestricted
Funds
Restricled Total Funds
Funds
2024
Fundraising trading-CMC nursery {se8 dèlails on 33)
Support costs
662,467
102,329
662,467
114,694
12,365
764,796
12,365
777,161
10. Expenditure on charitable activities
Unrestricted
Funds
Resiricied Total Funds
Funds
2025
Direct charitable cost (s88 details on p8ge 33)
Support costs (note 11)
357,392
29,622
387,014
357,392
32,996
390,388
3,374
3,374
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct charit8ble cost (sg8 de18il$ on p•g8 33)
Support costs
317,229
29,238
317,229
32,770
3,532
346,467
3,532
349,999
26-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (conunued)
Year ended 31 March 2025
11. Support costs-
Cost of
generating
voluntary
Income
Total
Support
Cost
2026
Cost of
ch8rilable Fund raising
activities
trading
Bank fees
Cleaning
Depreciation & Impairment
Insurance
IT software and consumables
Light, power, heating
Motor vehicle expense
Motor vehicle h ire
Pensions costs
Printing & stationery
Repair & maintenance
Recruitmenl expenses
staff training
Subscription
Telephone & internet
403
3,639
9,584
3,216
514
2,579
971
298
3,212
1,791
2.481
480
1,127
1,239
1,463
1,409
12,735
33,545
11,255
1,799
9,025
3,399
1,043
11,241
6,268
8,683
1,880
3,944
4,337
5,121
201
1,819
4,792
1,608
257
1,289
486
149
1,606
895
1,240
240
563
620
732
2,013
18,193
47,922
16,079
2,569
12,893
4,856
1,489
16,059
8,955
12,404
2,400
5,634
6,195
7,316
32,996
115,484
16,498
164,978
12. Governance costs
Unrestricted Total Funds Total Funds
Funds
2025
2024
Accountancy fees
Audit fees
Legal & professional cost
6,341
2,700
17,015
6,341
2,700
17,015
26,056
6,690
2,700
13,735
23,125
26,056
13. Net Income
Net (expenditure)lincome is stated after chargingl(crediling)'.
2025
2024
Depreci8tion of tangible fixed assets
47,922
46,778
14. Auditors remuneration
2025
2024
Fees payable for the audit ofthe financial statements
2,700
2,700
27-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
Wages and Salaries
Social security costs
Other pension costs
751,720
55,035
16,059
822,814
650,758
46,390
11,710
708,858
2025
No.
2024
No.
The average Monthly Number of employees during the year
35
27
Only one employee, Mr. Babatunde Balogun, was pald £71,254 (2024.. £75,408)
16. Trustee remuneration and expenses
No salaries or wages have been pald to trustees, excepl the remuneration paid to Pastor O
Balogun of £40,015 per year for working in her capacily as charity Director of Operalions.
17. Tangible fixed assets
Land and
buildings
Equipment
Tolal
Cost
At 1 April 2024
Additions
2,783,103
2,104,245
4,887,348
204,177
22,436
226,613
2,987,280
2,126,681
5,113,961
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
139,325
31,298
160,119
16,624
299,444
47,922
170,623
176,743
347,366
Carrying amount
At 31 March 2025
4,716,725
49,870
44,058
4,766,595
At 31 March 2024
2,643,778
2,687,836
28-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (eondnuèd)
Year ended 31 March 2025
18. Debtors
2025
2024
Trade debtors
Other debtors
15,846
16,250
14,244
16,250
32,096
30,494
19. Cash and cash equSvalents
Cash and cash equivalents comprise the following:
2025
2024
Cash at bank and in hand
Bank overdrafts
38,232
(17,577)
(17,577)
38,232
20. Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
Accruals and deferred income
Social security and other taxes
Other creditors
400,426
112,873
67,884
160,000
731,183
218,167
93,143
52,089
19,008
382,407
21. Creditors: amounts falling due after more than one year
2026
2024
Bank loans and overdrafls
Other credilors
3,202,394
181,797
1,614,512
169,193
3,384,191
1,783,705
22. Deferred income
2026
2024
Amount deferred in year
14,736
-29-

THE KINGSBOROUGH CENTRE
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
23. Analysis of charitable funds
Unrestricted funds
At
l April 2024
At
Transfers 31 March 2025
Income Expenditure
General funds
587,638 1,485,389 (1,391,579)
681,448
At
1 April 2023
At
Transfers 31 March 2024
Income Expenditure
Gener81 funds
617,045
1,121,366 (1,150,773)
587,638
Restricted funds
At
1 April 2024
At
Transfers 31 March 2026
Income Expenditure
Restricted funds
2,812
14,240
(15,183)
1,869
At
1 April 2023
At
Transfers 31 March 2024
Income Expenditure
Restrithed funds
16,844
1,865
(15,897)
2,812
24. Analysis of changes in net debt
Unrestrlcted
Funds
Restricted Total Funds Total Funds
Funds
2025
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greaier than 1 year
Net assets
4,764.726
32,096
1731,183)
(3,384,191)
681,448
1,869
4,766,S95
2,687,836
32,096
68,726
1731,183) (382,407)
(3,384,191) (1,783,705)
683,317
590,450
1,869
25. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2025
2024
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure
Financial liabilities measured at fair value through income and expenditure
Financial liabilities measured at fair value through income and
expenditure
38,232
4,097,798
2,166,112
26. Related Party Transactions
Other Creditors includes interest free loan of £181,797 from Mr Babatunde Balogun & Paster B
Oluwatoyin as a5515tanGe to seGure Ihe Mortgage at 4 New Windsor Street.
-30-