Company registration number: 05998496
Charity registration nwnber: 1118251
Kings People's Church
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 December 2024
A03
'AE7JGNJM•
2510712025
COMPANIES HOUSE
KM
Chartered Accountants
I st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BBII IJG
#131

Kings People's Churcb
Contents
Reference aTJd Administrative Details
Trustees, Report
2to8
Statement of Trustees, Responsibilities
Independent Auditors, Report
Ioto 13
Statement of Financial Activities
14
Balance Sheet
15
Statement of Cash Flow5
16
Notes to the Financial Statements
17to28

Kings People's Church
Reference and Administrative Details
Trustees
Mr A Bladen
Mr P Denney
Mr A Dougherty
Mrs R Eden
Mrs R Fisher
Mr l J Scholes
Charity Registration Number
1118251
Company Reglstratlon Number
05998496
The charity is incorporated in England and Wales.
The Mill
Bury Road
Bolton
BL2 6QE
KM
Chartered Accountants
I st Floor, Block C
The Wharf
Manchester Road
Bumley
Lancashire
BBII IJG
Registered Offi¢e
Audltor
Bankers
Barclays
I S Market Street
Bolion
BLI IBU
Page I

Kings People's Church
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together with the
financial slatements and auditors, report of ihe charitsble company for the year ended 31 December 2024.
Trust¢¢s
Mr A Bladen
Mr P Denney
M.r A Dougherty
MTS R Eden
m.rs R Fisher
Mr l J Scholes
Mr D M Smith (resigned 2910112025)
Introduction
Kings Church is a lively> thriving community, embra¢ing people from every generation and walk of life. With
seven congregations meeting across the North West, wt believe that church should be a vibrant, life-filled space
where individuals are energised and equipped to fulfil the purpose for which God created them. We are
committed to serving the communities in which each of our congregations are based, undertaking activities to
bui Id and foster deep and meaningful relationships and ¢onn¢¢lions in accordance with our Christian faith.
Structure* governance and management
Kings People's Church (also known as Kings Church) is incorporated a5 a charitable company limited by
guarantee and governed by its Memorandum and Articles of Association. It is also a registered charity with
charity number 1118251.
Governance of Ihe organisation resides with the trustees who are responsible for..
Strategie Oversight: Ensuring the organisalion operates wiihin the Vision set by the Core Team.
Leadership Aecountabillty: Holding leaders, including the Core Team, accountable for the perfoman¢e
of the organisation and effective management of the staff team.
Financial Stewardship and Resource Allotation". Overseeing the financial health of the organisation,
ensuring funds are managed prudently and align with the charity's vision and values. Ensuring resources
are allocated effectively to achieve the charity's objectives.
Compliance: Ensuring the charity complies with all legal and regulatory requi
Risk MAn8gemenl: Identifying and managing risks to the organisation's operalions and reputation.
Covernance and Ethics: Upholding high standards of governance and ethical behaviour within the
organisalion.
Impact Assessmenl: Monitoring and evaluating the impact of the charity's activities to ensure they meet
the intended goals.
Policy Development: Developing and approving key policies to guide the organisation's operations and
activities.
ements.
Stakeholder Engagement: Engaging with stakeholders, including donors, beneficiaries, and the
community, to build trust and support.
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Kings People's Church
Trustees, Report
Govemance, structure and management are continually monitored by ihe board, and revised govemance policies
have been written and implemented over the past financial year. The church are seeking to expand the expertise
on its board of Trustees and are considering future appointments in 2025 in line with Charity Commission
guidance.
The trustees make decisions about stralegic matters such a5 buildings, fmance, staff appointm¢ntS, setting pay
and remuneration of the charity's Staff and key personnel.
The Core Team has spiritual oversight of the organisation and makes decisions about church activities and
direction in accordance with the Vision. The Core Team was expanded in December 2023 to deepen the breadth
of experience of the eldership of the church. The Core Team and Trustees work closely logether in the overall
running and oversight of the church, wilh the Core Team having particular responsibility in the following areas-
Spiritual Leadership.. Provide spiritual guidance and oversight to the congregation, ensuring that the
¢hurch's teachings and practices align with biblical principles.
Visionary Guidance: Setting the Vision of KinEs Church, and providing general direction and oversight
as to our key areas of focus a5 a church.
Pastoral Care: Oversight over pastoral support and care to church members.
Teaching and Preaching: Setting the doctrine of Kings Church, ensuring teaching and preaching is
undertaken by spiritually mature leaders who are accountable to the Core Team, nurturing the spiritual
growth of the congregaiion,
Governance: Participate in the governance and decision-making processes of the church, providing
direction and wisdom and working closely with the Trustees.
Prayer 8nd Intercession: Lead and engage in prayer and intercession for the church, its members, and
the broader community.
Community Engagement: Represent the church in the wider community and encourage outreach and
service initiaiives.
Kings Church is atTiliated 10 the Assemblies of God (AOG) to whom we look for good practice in both spiritual
and operating activities. Senior Pastor Derek Smith was appointed to the National Leadership Team of AOG in
2023 with a focus on the area of Church Health. His appointment was approved at board level so as not to
compromise ongoing activities of Kings People's Church and services delivered to Users.
Objectives and activities
The objects of the church are to:
Advance the Christian Faith in accordance with the Statement of Beliefs, in Bolton, Blackpool,
Liverpool, Salford, Wigan, Warrington and the Persian community based in Bolton, and in such other
parts of the United Kingdom or the world as the trustees may from time to time think fit.
To provide and assist in the provision of facilities for the benefit of the community in which each of its
congregations are based and the surrounding neighbourhood, which facilities may, without limitation,
include the provision of food, childcare services and meeting5. lectures, classes and other forn)s of
education, training in life skills, recr¢ation and leisure-time occupation without distinction of race, sex,
political, religious or other opinion and with the objective of improving the conditions of life for the said
inhabitants as the trusiees may from time to time think fit.
Through our Sunday services and midweek programme, training events and other activities, OUT aim is to
bring adults, young people and children into a greater spiritual, intellectual and moral awaren¢5s and to
advance the practical application of Christianity.
We seek both to mobilise the people of God and express the love of God to those within and outside our
ongregation through all of our church activities.
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Kings People's Cburch
Trustees, Report
We expect to see people's lives changed for the better as they experience God's help in their daily lives
and the companionship and practical help of others in our supportive group5 and gatherings.
We expect people to be better equipped in life skills through our training and education. We also expect
beneficial changes in the lives of those both within and outside our congregation who receive practical
help or 8ifts of food and Clothing and of those who receive help from gifts made to overseas aid and
famine relief.
Our vision statement is:
Kings Church exists to establish
Jesus-centred faith communities that
Reach, Teach, Lead and Release,
All other charitable activities undertaken by the church are to further the attainment of the Vision and the above
objectives,
Activities and Achievements
In 2024, Kings Church embarked on a significant journey of consolidation, following the launch of our new
Vision Statement in 2023. This year has been characterised by the implementarion and adoption of a new staff
handbook and new policies and procedures across our organisalion, aimed at fortifying our foundation and
enhancing our operational efficiency.
Our primary focus has been on refining and excelling in the areas where we truly shine, concentraling our
efforts and resources on what we do best.
We have seen attendance at all of our campuses grow over the past year. Over 900 people call Kings their home,
and attend one of our church services each week. In April thi5 year, we were thrilled to launch our seventh
campus, Kings Church Warrington. This exciting expansion was made possible through a merger with an
existing church community in Warrington, known as Urban Church. The senior leadership of Urban Church
sought to expand their congregation and enhance their impact within ihe Warrington community. Recognising
our shared vision, values, and charithble objectives, they chose io partner with Kings Church, allowing u5 10
unite our strengths and further our mission together.
In 2024, Kings Church celebrated a momentous achievement with the launch of our worship album, Iyeshua,.
This collection of original songs, written and performed by members of our Persian campus, marks the first ever
Farsi-speaking worship album to be streamed globally. We are incredibly proud of this accomplishment, which
not only showcases the talent and dedication of our Persian carnpus but also enables us to reach and inspire
communities worldwide.
In April we were excited io welcome new campus pastors to lead our growing Blackpool campus. In particular,
the new pastors have overseen the launch of a second Sunday service dedicated io serving the large Filipino
community in Blackpool.
We are committed to the development of our leaders across Kings Church, and are proud to partner with AOG
funding training on Ihe 'Ministers in Training, programme for 7 of our leaders across our campuses.
Historically, Kings Church has partnered with the Caleb Foundation and New Life Church in Oradea, Romania,
sending teams on short-term mission to the communities there. For the first time since COVID travel restrictions
abruptly halted this ministy, we were able to send a team again to serve the community in Romania.
Internalionally, our Persian Campus were able to partner with Hoop Church in Gemiany to run another
successful revival conference.
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Kings People's Church
Trustees, Report
We launched Compassion Sunday across all our campuses, and as a church collectively agreed to sponsor 79
new children through the Compassion programme.
Our Secret Angels ministy, which has been established to serve and provide for the communities in which our
congregations are based, re-launched under new branding and with a refreshed vision. Each campus has a
dedicated volunteer ambassador for Secret Angels, and the re-launch saw the number of regular supporters more
than double.
We Continue with our regular discipleship and community activities, each campus running connect groups,
toddler groups and coffee momings (in various guises) to serve both their congregations and campuses. We are
further developing our community partnerships. Our COn￿nunIty Grocery partnership with the Message Trust
continues at our locations in Bolton and Blackpool, giving much needed provision to the community there.
We remain proud of our young people and children's ministy. Our Encounter Youth programme for ages
11-18's runs every Friday night and sees attendance nol only from the young people who regularly attend Kings
Church on a Sunday, but also from other teenagers from across the North West and in the communities in which
we operate. The youth week away in April 2024 was run in conjunction with Wave Church in Cornwall and was
attended by over 120 young people. Additionally, our children's weekend away, 'wild and free, was attended by
70 young people,
Volunleers
At Kings People's Church, our dedicated volunteers are the heart and soul of our community. Each Sunday
service across our campuses is made possible through the tireless efforts of nearly 250 committed volunteers.
These individuals embody the very spirit of our church's vision.
Our midweek activities thrive under the leadership of our p855ion8te volunteers. They are rigorously vetted, with
DBS checks ¢ondu¢ted where necessary, and receive continued training and guidance. This ensures that every
volunteer is well-prepared to contribute meaningfully to our community. Furthem)ore, our charity and local
community outreach initiatives are driven by our volunteers. These activities are expertly coordinated by a paid
staff member, ensuring that our outreach is impactful and well-organised.
The invaluable contribution of our volunteers is a testament to the strength of. our church community. Their
dedication allows us to coniinually fulfil our mission and make a positive impact both within and beyond our
church.
Financial review
Tithes and offerings across the organisation enjoyed good gr0￿h with the Persian campus enjoying a second
successive year of strong growth. The Salford campus also enjoyed a very positive year, The flagship Bolton
campus. levels of giving remained healthy and improved on 2023. It remains the strongesi campus numerically
in terms of giving and really supports the campus model of Kings Church.
The addition of our seventh campus, Kings Church Warrington, went well. The campus enjoyed a very
encouraging start and is expected to go from strength to strength. The building at Warrington, formerly
belonging to charity Oasis Warrington, known as Urban Church, transferred to Kings in April 2025 further
adding to our portfolio.
In 2024 the organisation was able to complete loan repayments and subsequently purchase some large capital
items including the audio visual equipment and air conditioning systems at The Mill, home to the Bolton and
Persian campuses and the organisation's headquarters. Consolidation of the organisations, debt has helped to
str¢amline our expense5 a5 we face the commercial pressures of ever-rising costs.
Page 5

Kings People's Church
Trustees, Report
The Trustee5 Consider that the continued development of The Mill prernises will attract further business
opportunities and will enable us to achieve our ambitions to provide hope and help to people in our local
community and beyond providing new space not only for our O-18s programme but also significant increase in
our community outreach programmes.
Blackpool, Warrington and Salford assets provide significant opportunity for community Outreach development
and room hire business to fund the costs of the buildings, with a view that donations will be spent on ministry
and mission.
At the end of the year Ihe financial statements showed a surplus of £134,805 (2023.. deficit of £150,336) of
which £120,369 w&s unrestricted and £14,436 was restricted.
The funds carried forward at the year end totslled £851,035 made of up £809,428 unrestricted funds and
£41,607 restricted funds.
Reserves policy
As part of the ongoing governance review, the reserves policy was updated in January 2023 as follows..
The church aims to maintain free and available reserves equating to IO¢/*• of the annual net operating costs.
Reserves will be re-assessed regularly and specifically in the following circumstances:
A significant change in the core operaiions of Kings Church.
Inforn]ation coming to light ihat ¢a5ts doubt on future income flows.
A signifi¢ant ¢hang¢ to the wider environment in whi¢h Kings Church operaies, including the
overarching economic climate-
Annually, in the event that no other re-assessment has taken place.
Evenls afier the reporting period
During the year, the charity merged with another church in Warrington (Urban Church). As part of the merger
the charity took ownership of the propety, however due to issues with the mortgage and the Church Of England
having a lot of the inforniation needed to complete the transfer, it took a while for it to fully complete. The
mortgage was not offically completed until April 2025, al which point the property became the legal
responsibility of the charity.
Fundraising
The majority of funds have traditionally come as voluntary donations (tithes & offerings). As our ¢ommunity
engagement is part of our core activities, we rely on voluntary donations to meet the majority of our
expenditure. There has been no professional fundraising in respect of ordinary actlv,itie￿.
Related parties
The church maintains good working relationships with other churches and community outreach groups in the
areas surrounding our campus locations, and also nationally. There is regular co-operation in pursuit of our
mutual charitable objectives. None of these are deemed to be related parties.
Public benefit disclosure
Throughout the reporting period, the activities of the charity have been centred on six campus locations
Bolton, Blackpool, Wigan, Salford, Warrington and Liverpool. All of the activities of the charity are deemed to
be in the intercst of the public benefit. Our goveming document requires that our activities include the provision
of facilities expressly for the benefit of people in the communities where we are located. All our community
engagement activities have this as the primary objective. We work c105ely with The Messag¢ Trust in our
Community Grocery at both The Mill, Bolton and Blackpool.
Page 6

Kings People's Church
Trustees, Report
Kings Church continues to expand and review the efficacy of its activities and in April 2024 the trustees were
delighted to launch a new campus in Warrington. In accordance with Charity Commission guidelines and
procedures, Kings People's Church merged with an existing church community in Warrington, called Urban
Church (operaling under charity Oasis Warrington). The senior leadership of Urban Church wished to grow
their congregalion and impact in ihe community of Warrington and chose to partner with Kings as a charity
aligned with its own vision, values and charitable objectives. Throughout the reporting period the two charities
have merged activities and resources under the heading of Kings Church, Warrington Campus. A fvll legal
merger of the charities will be completed in the first few months of 2025.
Other examples of the commitment lo meeting our public interest objectives include the ministries of Christians
Against Poverty (money management), Secret Angels, Clothes Bank, Love Does, Who Let the Dads Out,
Community café and Connect groups, Community events, Warni Spaces, Community Locker, Coffee mornings,
Mini-Giants (parent & loddler midweek groups), Cookin8 at Kings, Neon nights, family fun days ihroughout the
year, summer holiday kids, clubs, and family film nights.
Socigl investment
The church's activities continue to expand, and this ensures continued focus on the need to consider the
suitability of social investment. Currently debt financin8 is obtained via Kingdom Bank who support church and
charity investments, secured against property.
We maintain research on opportunitles with other grant and fund providers to help finan¢e fvture and potential
social investment projects.
Key risks Ind untertainties diselosur¢s
The Trustees have assessed the risks that they consider are facing the charity and note the following..
Cost of living continues to be a challenge, both for our expenditure ias an organisation and for the
members of our congregation.
Challenges with developing space and growing our room-hire business. We should seek people who wanl
to use the space we have, rather than tying to develop space to suit what the room-hirers are requesting.
Expenditure and budgeting are being kept under close review to ensure best stewardship of our resources.
Potential for capital expenditure on outdat¢d infrastructure. Maintenance of buildings and assets need5 10
be constantly monitored.
Plans for future perlods
There have been changes in, our staff team with the appointment of an Associate Pastor in January 2025. with a
specific remit of overseeing our largest campus at Bolton. We are excited to see how the Bolton Campus
develop5 over the next year wilh this investment, and anticipate work to enable the ¢on8regation to grow and
develop in their own giftings and ministy areas.
Our Warrington campus will be one year old in April 2025, and we look forward to developing the Children's
ministry and becoming a hub for families in the local community.
As a church, we are experiencing growth and expansion, and we are excited to explore new ways of
approaching pastoral care and discipleship on a larger scale. While our current practices have served us well in a
smaller setting, we are eager to refme and broaden our strategy to ensure our church continues to thrive and
bless fvture generations.
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Kings People's Church
Trustees, Report
Disclosure of information lo auditor
Each trustee h&s taken steps thal they ought to have tsken as a trustee in order to make themselves aware of any
relevant audit infomation and to establish th'at the charity's auditor is aware of that information. The trustees
confm that there is no relevant infomiation that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on 14 July 2025 and signed on its behalf by..
Mr l J Scholes
Trustee
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Kings People's Church
Statement of Trustees, Responsibilities
The trustees (who are also the directors of Kings People's Church for the purposes 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). including
FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law Tequires the trustees to prepare financial statements for each financial year. Under company law
the trustees must not approve the financial siatements unless they are satisfied ihat they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources,
including its income and expenditure, of the charitable company for that period. In preparing these financial
statements, the trustees are required to:
select suitable accounting poli¢ie$ and apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estirnates that are reasonable and prudent.
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial stalem¢n15' and
prepare the financial statements on Ihe going concern basis unless it is inappropriale to presume thai the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable company 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 charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial inforn)ation
included on the charitable company's website. Legislation governing the preparation and dissemination of
financial statements rnay differ from legislation in oiher jurisdictions.
Approved by the trustees of the Charity on 14 July 2025 and signed on its behalf by:
Mr l J Scholes
Trustee
Page 9

Kings People's Chureh
Independent Auditor's Report to the Members of KiDgs People's Cburcb
Opinion
We have audited the fmancial statements of Kings People's Church (the 'charity') for the year ended 31
December 2024, which comprise the Statement of Financial Aclivilies, Balance Sheet, Statement of Cash Flows,
and Notes to the Financial Statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is United Kingdom Accounting Stsndards,
comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the stale of the charity's affairs as al 31 December 2024 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 with United Kingdom Generally Accepted Accounting Praciice.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Internaiional Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for
the audit of the financial statements section of our report. We are independent of the charity in accordance with
th¢ ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S
Ethical Standard, and we have fijlfilled our other ethical responsibilities in accordance with these requiremenls.
We believe thai the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conelusions 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 perfornied, we have not identified any material uncertainlies,relaling to events or
conditions thai, individually or collectively, may casl significant doubt on the charity's ability to continue as a
going concern for a period of at least twelve months from when the original financial sl"alements were authorised
for issue.
Our responsibilities and the responsibilities of the trustees with respect to going ¢on¢ern are des¢ribed in the
relevant sections of this report.
Other information
The trustees are responsible for the other inforniation. The oiher information comprises the information included
in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the
financial statements does not cover the other information and. except to the extent otherwise explicitly stated in
our report, we do not express any forni of assurance conclusion thereon.
In connection with our audit of the financial siaiements, our responsibility is to read the other infomiation and,
in doing so, ¢on5ider whether the olher infomialion is materially inconsistent wilh the financial statements or
our knowledge obtained in ihe audit or otherwise appears to be materially misstated. If we identify such material
knconsistencies or apparent material mi55tatements, we are required to determine whether there is a material
misstatement in the fmancial statement5 or a material misstatement of the other information. 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 Ihat fact.
We have nothing to report in this regard.
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Kings People's Church
IDdepeDdeDt Auditor's Report to tbe Members of Kings People's Church
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infom)ation given in the Trusiees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements. and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matlers on whith we are required to report by exeeption
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the
audil, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respeci of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kep¢ or returns adequate for our audit have not been received
from branches not visited by us. or
the financial statemenls are not in agreement wilh the accounting records and re￿rn$. or
certain disclosures of trustees remuneration specified by law are not made; or
we have not received all the infomialion and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities (set out on page 9), the trustees are
responsible for the preparation of the financial statements and for being salisfied that ihey give a true and fair
view, and for such internal control as the trustee5 detennine is necessary to enable the preparation of financial
statemenls ihat are free from material missthtement, 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 concern basis of
accounting unless the trustees either iniend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditor 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 misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always delect a malerial 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
expecled to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibililies, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The specific procedures for this engagernent and the extent to which these are capable of
deiecting irregularities. including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement respect of irregularities, including
fraud and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagement team collpxtively had the appropriate competence,
apabilities and skills to idenlify or recognise non-compliance with applicable laws and regulations-
we identified the laws and regulations applicable to the charity through discussions with trustees and other
management, and from our knowledge and experience of the charity sector.
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Kings People's Church
Independent Auditor's Report to the Members of Kings People's Cburcb
we focussed on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the charity, including the Charities Act 2011.
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence; and
we identified laws and regulations which were communicated within ihe audit team regularly and the team
remained alert to instances of non-compliance throughout the audit,
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining
an understanding of how fraud might occur, by=
making enquiries of management as to where they considered there wa5 susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address ihe risk of fraud through management bias and override of controls, we:
perfomied ana1￿1¢al procedures on material balances for which robust, substantive analytical procedures
have been undertaken to identify any unusual or unexpected relationships.
tested journal entries to identify unusual transactions. and
investigaled the rationale behind significant or unusual transactions.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of noncompliance.
Auditing slandards also limit the audit procedures required to identify non-compliance with laws and regulalions
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material missiaiements that arise due io fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A ￿rther descripiion of our responsibilities for the audit of the financial stslements is located on the Financial
Reporting Council's website at: www.frc.OTg.uklauditorsresponsibilities. This description forms part of our
auditor's report.
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Kings People's Cburch
Independent Auditor's Report to the Members of Kings People's Cburch
Use of our report
This report is made solely to the charitable company's trustees, as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken $0 that we might state to the charity's
trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the
Ilest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Mark Heaton FCCA DchA (Senior Ststulory Auditor)
For and on behalf of KM, Statutory Auditor
I si Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BBI I IJG
14 July 2025
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Kings People's Chvrcb
St4tement of FiDaDciAI Activities for the Year Ended 31 Deeenhber 2024
n¢ludlng lD¢Om¢ Expenditure A¢¢ount Ind Statement of Total Relognised Gainj and Losses)
Unrt51rleled
funds
Rtsirltted
funds
Total
2024
Unrtstrlcted
lund$
R¢$lrl¢ied
runds
Totsl
2023
No¢¢
Income from:
Donation$
960.071
72,391
3,027
220 707
18.859
978.930
72,398
3,027
220,907
843.876
50,573
806
216223
23,986
867.862
50.573
806
216223
Investment ineome
Other income
200
Total income
,256,203
19,059
1275 262
1,135,464
Exp¢ndltur¢ on..
Charirable aciivilie5
4,623
28,383
1285 8001
Total expenditure
4,623
28,383
1,285,800
Nel in¢om¢ll¢xp¢nditurel
Transfers beNeen fimds
120.369
14.436
134,805
{4,3971
1150,336)
12,54
Nel movement in funds
120.369
14,436
134.803
(133,3971
116,9391
1150,336)
Reeon¢lllilloTr offuTrdJ
Total funds brought forward
689.059
716,230
851035
822,456
689 059
866,566
Total fundy Carried foTWnTd
20
809.428
41,607
716230
All of the chaTIty'5 activities derive from continuing operaiions during the obove two periods.
The fund8 breBkdown for 2023 is shown in note 20.
The notes on pa8es 17 10 28 fomi an inie8ral PArt of these fJnxnciAI $l&trm¢nts,
Page 14

Kings People's Church
(Registration number: 05998496)
Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
14
990,563
1,018,923
Current assets
Debtors
Cash at bank and in hand
15
73,857
279,107
94,651
166,679
352,964
261,330
Creditors: Amounts falling due within one year
16
58,178
122,130
Net current 4ssets
294,786
139,200
Total assels less curren¢ liabilities
1,285,349
1.158,123
Creditors: Amounts f811ing due after more than one year
17
(434,314)
(441,893)
Net a5set$
851,035
716,230
Funds of the charlty:
Restrlcted Ineome fund$
Restricted funds
41,607
27,171
Unrestricted income funds
Unrestricted funds
809,428
689,059
Total funds
20
851035
716230
The financial statements on pages 14 to 28 were approved by the trusiees, and authorised for issue on 14 July
2025 and signed on their behalf by:
Mr l J Scholes
Trustee
The notes on pages 17 to 28 fomi an integral part of these fmancial statements.
Page 15

Kings People's Cbureh
Statement of Cash Flows for the Year Ended 31 December 2024
2024
2023
Note
Cash flows from operating actlvities
Net cash incomel(expenditure)
134,805
(150,336)
Adjustments to cash flows from non-eash items
Deprectation
Investment income
34,624
3,027)
104,654
806)
(46,488)
166,402
Worklng capilal adjustments
Decrease/(increase) in debtors
Increase in credilors
(Decrease)/increase in deferred income
Net cash flows from operating activities
Cash flows from Investlng actlvitles
Interest receivable and Similar income
Purchase of tsngible fixed assets
Sale of tangible fixed assets
15
16
17
20,794
5,184
5,750
(15,032)
5,750
20,375
186,630
35,395
3,027
(6,264)
806
(26,907)
28,107
14
Net cash flows frorn investing activities
3,237
2,006
Cash flows from financing activities
Repayment of bank borrowings
Proceeds from new bank borrowings during the period
Repayment of capital element of finance leases and HP contracts
Net cash flows from financing activities
(6,701)
(49,986)
248,400
65,143
18
70,965)
133 271
Net increase in ¢ash and ¢ash equivalents
112,428
99,882
Cash and cash equivalents at l January
166,679
66,797
Cash and cash equivalents at 31 December
279,107
166,679
All of the cash flows are derived from continuing operations during the above two periods,
The notes on pages 17 to 28 forni an integral part of these fmancial statements.
Page 16

Kings People's Church
Notes to the Financial Statements for the Year Ended 31 December 2024
I Charity Status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £ I towards the assets of the Charity
in the event of liquidation.
The address of its registered office is..
The Mill
Bury Road
Bolton
BL2 6QE
These finan¢ial statements were authorised for issue by the trustees on 14 July 2025.
2 Aeeounting pollele$
Summary of significant accounting policle5 and key occounling ¢$timate$
The principal accountiT]g policies applied in the preparation of these financial slalements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement ofeompllanee
The financial stalements have been prepared in accordance with Accounting and Reporting by Charities..
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)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparation
Kings People's Church meets the definition of a public benefil entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
Going concern
The trustees consider that there are no material uncertainties about the eharity's ability to continue as a going
concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income
All income is recognised once the charity has entitlement to the inrome, il is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Donallons
Donations are recognised when the charity has been notified in writing of both the amount and settlernent date.
In the event that a donation is subject to conditions that require a level of perforn]ance by ihe charity before the
harity is entitled to the funds, the income 15 deferred and not Tecognised until either those conditions are fully
met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Page 17

Kings People's Church
Notes to the Finallcial Statements for the Year Ended 31 December 2024
Granls receivable
Grants are Tecognised when the charity has an entillemenl to the funds and any conditions linked to the grants
have becn met. Where perfomance conditions are attached to ihe grant and are yet to be mel the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred Income
Deferred income represents amounts received for future periods and is released to incoming resources in the
period for which, it has been re¢eived. Such income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting periods. or
The donor has imposed conditions which must be Met before the charity has unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal or tonstruciive obligaiion to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attribuled lo
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on ihe portion of the asset's use.
Other support Costs are allocated based on the spread of stsff costs.
Cliarltable aclivltles
Charitable expenditure comprises those costs incurred by the charity in Ihe delivery of its activilies and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to 5UPPQrt them.
Governance eosts
These include the costs attribulable to the charity's compliance with constitutional and Statutory requirements,
including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets Ihe definition of a Charilable company for UK corporation tax purposes. Accordingly, the
charity IS Potentially exempt from laxation in respect of in¢ome or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax A¢t 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and
subsequent accumulated impairnient losses.
Page 18

Kings People's Church
Notes to the Financial Statements for the Year Ended 31 December 2024
Depreeiation and amortlsation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Asset class
Buildings
Leasehold improvements
Fixtures and fittings"
Equipment
Deprecialion method and rate
Not depreciated
Depreciated over the life of the leasehold
250/0 per annum straight line basis
250/0 per annum straight line basis
Trade debtors
Trgde debiors are amounts due from customers for services perfonned in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured al amortised cost
using the effective interest method, less provision for impaimeni. A provision for the impairment of trade
debtors is established when there is objecrive evidence that the charity will not be able to collect all amount5 due
according to the original ternis of the receivables.
Cash and eash equlvalents
Cash and cash equivalents Comprise cash on hand and call deposits, and other short-tern) highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificanl risk o!
change in value.
Trade Creditors
Trade ¢Teditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabililies if the charity does noi have an
unconditional right, at the end of the reporting period, to defer settlemenl of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting dale, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest meihod.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaclion costs, and the amount due on redemption being recognised as a charge to the Statement of Financial
Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective inlerest method and is included in interest payable
and similar charges.
Borrowings are classified as curreni liabilities unless the charity has an unconditional right to defer settlement of
the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in fvrtherance of
the objectives of the charity.
Page 19

Kings People's Churcb
Notes to tbe Finallcial Statements for the Year Ended 31 December 2024
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are rhose donated for use in a particular area or for specific purposes, the use of which
is restricted to that area or purpose.
Pensions and oiher post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
contributions even if the fund does not hold sufficieni assets to pay all employees the benefits relatin8 to
employee service in the current and prior periods.
Contributions to defined contribution plans are recogmised in the Statement of Financial Activilies when they are
due. If contribution payments exceed the contribution due for s¢rvic¢, the excess is recognised a5 a prepayment.
3 Judgements and key source5 of estimation uncertainty
Judgements
In the applicalion of ihe charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions aboul the canying amount of assets and liabilities ihat 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 only that period, or in the
period of the revision and future periods where the revision affects both periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are as follows.
Depreciation
The depreciation expense is the recognition of the decline in the value of the asset and allocation of the cost of
the asset over the periods in which the asset will be used. Judgements are made as to the estimated useful lif¢ of
the assets- these are regularly reviewed to reflect the changing environment.
Deferred and accrued Income
Deferred and accrued income is based on the assumption that the amounts received or to be received are
recognised in the period in which the work related. Any amounts estimaled are based on past experiences and
amounts received after the year end. These judgements are regularly reviewed to reflect the changing
environment.
Page 20

Kings People's Church
Iyotes to the Financial Statements for the Year Ended 31 December 2024
4 Ineome from donations
Unrestrieted funds
Designated
General
Restricted
funds
Total
2024
Total
2023
Donations from individuals
Gift aid reclaimed
Grants
9,618
803,193
147,260
60
,812,871
147,260
18,799
716,564
125,452
25,846
18,799
9,618
950,453
18,859
978,930
867,862
5 Tneome from charilable attivltles
Unrestrieled funds
Designated
General
Total
2024
Total
2023
Courses and training
Evenls and activites income
2,001
69,957
440
2,441
9,610
440
72,398
6 Investmen¢ income
Unrestricted
funds
Cener#l
Total
2024
Total
2023
Interesi receivable and similar income
3,027
3,027
806
7 Other ineome
Unrestricted (unds
Designated
General
Restricted
funds
Total
2024
Total
2023
Miscellaneous income
Room hire
Renlal income
21,819
5,168
92,181
101,539
198,888
200
27,187
92,181
101.539
20,213
100,997
95,013
21,819
200
220,907
216,223
Page21

Kings People's Church
Notes to tbe Financial Statements for the Year Ended 31 December 2024
8 Expendlture on charltable aetivities
Unrestrieted funds
Designated General
Restricted
funds
Total
2024
Total
2023
Note
Premises costs
Administration costs
Ministy expenses
Training and development
Governance cosls
37,034
515,392
74,999
410,866
17,669
5,750
2,883
555,309
74,999
485,530
18.869
5,750
520,526
155,884
590,337
14,063
72,924
1,200
,740
111,158 1,024,676
4,623 1,140,457 1,285,800
9 Analysis ofgovernance and support costs
Governinee costs
Unrestricted
funds
General
Total
2024
Total
2023
Audil of the financial statements
Accounlancy fees
5,150
600
5,150
600
4,000
990
5,750
5,750
4,990
10 Truslees remuneration And expenses
During the year, one trustee received remuneration from employment with the charity.
Payment was made to Mr D Smith under the terms of Kings People's Church standard tern)s of employment for
his role as Senior Pastor. The amount of the remuneration paid during the year was £47,269 (2023: £50,865)
together with pension contributions of £5,052 (2023.. £5,048).
Page 22

Kings People's Church
Notes to the Financial Statements for the Year Ended 31 December 2024
I I Staff costs
The aggregate payroll costs were as follows-
2024
2023
Staff Costs during the year were:
Wages and salaries
Social security Costs
Pension costs
354.375
14,510
9,278
418,249
21,530
10,657
378,163
450,436
The monthly average number of persons (including senior management I leadership team) employed by the
charity during the year expressed as full time equivalents was as follows..
2024
2023
Number of staff
27
28
No employee received emoluments of more than £60,000 during the year.
12 Auditors, remuneration
2024
2023
Audit of the financial statements
4,000
13 Taxation
The charity is a registered charity and is therefore exempt from laxation on its charitable a¢tivitie5.
Page 23

Kings People's Church
Notes to the Financial Statements for the Year Ended 31 December 2024
14 Tangible fjxed assets
Buildings and
leasehold
improvements
Fixlures,
rittings and
equipment
Total
Cost
At l January 2024
Additions
1,138,693
577,464
1,716,157
6,264
At 31 D¢¢ember 2024
138,693
583,728
1722 421
Depreciation
At l January 2024
Charge for the year
126,313
25,883
570,921
8,741
697,234
34,624
At 31 December 2024
152,196
579,662
731,858
Net book value
At 31 December 2024
986,497
4,066
990,563
At 31 December 2023
1,012,380
6,543
,018,923
Included within the net book value of land and buildings above is £651,236 (2023 £651,236) in respect of
freehold land and buildings and £335,261 (2023 £361,145) in respect of leaseholds.
IS Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
18,868
44,135
10,854
18,856
. 44,228
31,567
73,857
94,651
Page 24

Kings People's Church
Notes to the FiDaDcial Statements for the Year Ended 31 December 2024
16 Creditors: amounts falling due wilhin one year
2024
2023
Bank loans
Trade creditors
Hire purchase and finance leases
Other taxation and social security
VAT grant repayable
Other creditors
Accruals
Def¢￿ed income
7,456
11,018
6,578
9,066
64,264
5,315
2.891
4,414
9,227
20,375
5,585
(2,461)
8,034
13.921
14,625
58,178
122,130
17 Creditors: amounts falling due after one year
2024
2023
Bank loans
434,314
441,893
The loans balance relates to two mortgages the charity has for its campus in Blackpool and Salford. The
Blackpool mortgage is being paid off monthly at an interest of 9.350/0 and is expecled io be fully paid by
November 2041. The Salford mortgage is being paid off monthly al an interest of 7.950/0 and 15 expected to be
fully paid by September 2053.
18 Obligations under leases
The total value of future minimum lease payments Was as follows:
2024
2023
Within one year
In two to five years
In over five years
321,676
1,286,704
,991,306
3 599,686
257,341
1,029,363
1,786,579
3,073,283
19 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost Charge for the year represents
contributions payable by the charity lo the scheme and amounted to £9,278 (2023 - £10,657).
Page 25

Kings People's Church
Notes to the Financial Statements for the Year Ended 31 December 2024
20 Fund$
Balance at
31
December
2024
Balante at I
January
2024
Ineoming
resources
Resourees
expended
Transfers
Unrestrieled funds
General
General
133,643
1.152,808
(1,024,676)
(29,287)
232,488
Deslgnaled
Projects, Missions and
Events
Fixed asset reserve
35,910
519.506
103,395
(111,158)
28,147
548,793
29,287
555,416
103,395
111,158
29,287
576,940
Total unrestricled funds
689,059
1,256,203
1,135,834
809,428
Restrlcted funds
CAP Life Skills
Household Support Fund
Grant
SFD Winter Welcome
Other small smmaterial
funds
Bolton Council Wann
Spaces
Garfield Weston
The Beatrice Laing Trust
P27 Trust
Blackpool Council - Ward
Funding Greenlands
4.077
4,077
350
1.473
(143)
(94)
207
1,379
3,031
420
(1,697)
1,754
740
15,000
2,500
2.440
(1,490)
1,690
15,000
2,500
15,000
15,000
1,199
27,171
19,059
4,623
Total funds
716,230
1,275,262
1.140,457
851,035
Many of the restricted funds recieved during the year, as well as balance5 from the previous year, such as
Garfield Weston and P27 Trust, are fijnds received in the aid of developing the main campus in Bolton (known
as The Mill). The funds have been accumulated over the year and following the year end have started to be
spent, as the work on The Mill has begun.
Page 26

Kings People's Church
Notes to the Financial Statements for the Year Ended 31 December 2024
Balance at
Other
31
recognised December
Transfer$ gains/(losses)
2023
Balanee at
l January Incoming Resources
2023
resour¢es
expended
Unrestrieted funds
General
General
10,926
1,028,757 (1,178,092)
273,252
(1,200)
133,643
Designaled
Projects, Missions and
Events
Fixed asset reserve
42,752
768.778
82,721
(78,125)
(11,438)
(249,272
35.910
519,506
811530
260 710
82721 555,416
Total unrestrlcted funds
822,456
1 111,478
1,256,217
12,542
1,200
689,059
Restricted funds
Sydney and Sheila
Mcghee Charilable Trust
Bolton CVS Summer
Holiday Activities
CAP Life Skills
Household Support Fund
Grant
SFD Winter Welcome
' Olher small immaterial
funds
Garfield Weston
The Beatrice Laing Trust
Bolton Council Warm
Spaces
3,508
(3,508)
304
9,317
(304)
(6,240)
1,000
4,077
1,000
850
(650)
(146)
350
,473
769
29,131
1,837
15,000
2,500
(15,395)
(12,542)
3,031
15,000
2,500
2,140
740
44,110
23,986 _
27,171
Tot81 funds
866,566
1,135,464 (1,284,600
1,200)
716,230
Page 27

Kings People's Cbureh
Notes to the Financial Statements for the Year Ended 31 December 2024
21 An8lysi$ of net assets between funds
Total funds at
31 Deeember
2024
Unrestricted funds
General
Designated
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over l year
990,563
28,147
(7,456)
434,314)
990,563
352,964
(58,178)
(434,314)
283,210
(50,722)
41,607
Total net assets
232,488
576,940
41,607
851,035
Total funds at
31 December
2023
Unrestrieted funds
General
Designaled
Restrieled
funds
Tangible fixed assets
Current assets
Curreni liabilities
Creditor$ over l year
,018,923
35,910
{57.524)
441,893
1,018,923
261,330
(122,130)
441,893
198,249
(64,606)
27,171
Total net assets
133,643
555,416
27,171
716,230
22 Related party transactions
There were a few related party transactions that took place during the year.
Mr l J Scholes is a trustee of Kings People's Church and a director of IJS Venlures Ltd, This company provides
the charity with phone line services. The total expenditure incurred during the year was £202 (2023: £1,542).
Mr D Smith was a truslee of Kings People's Church before resigning following the year end. The spouse of Mr
D Smith is Mrs G Smiih, who is employed within the charity. The total remuneration received, including
employer's National Insuran¢e and employer's pension, amounted to £31,263 (2023.. £28,353).
Mrs R Fisher is a trustee of Kings People's Church. The spouse of Mrs R Fisher is Mr T Fisher, who is
employed within the charity as the Finance Manager. The total remuneration received, including employer's
National Insurance and employer's pension, amounted to £20,849 (2023: £19,527).
Page 28