Company registration number.. 05998496 Charity re￿Stration nurnber.. 1118251 Kings People's Church (A (￿MpanY limited by guarantee) Annual Report and Finan¢ial Stsiements for th¢ Year Ended 31 Dccernkn 2025 llllwii *AF6RYIKA• 21107r2tr26 ¢OMPANIES HOUSE A15 Cbartered Accounthnts 1st Floor, Block C The Wharf Manchester Road BuTnley Lancashire BBII IJG Kings People's Church Contents Reference and Administrative Detsils Tn]5t¢es' Report 2to9 Ststement of Tn￿ttes. Responsibilihes io Independent Auditors. R¢port 11 to 14 Statem¢nt of Financial Activities 15 Balance Sheet 16 Sta(ement of Cash FIOWB 17 Noie5 10 th¢ Financial StstetnenL4 18to29 Kings People's Church Reference and Administr2tive Details Trnstees Mr A Bladen Mr P Denney Mr A Dougherty Mrs R Eden Mrs R Fisher Mr l J Scholes Charity RegistratiDD Number 1118251 Compatsy Registr¥tion N￿Mber 05998496 Th¢ ¢lw"iry IS incorporated Eagland and Wales. The Mill Bury Road Bolion BL2 6QE Registered Office Auditor Charter¢d Accountants 1st Floor, Block C The Wharf Manchester Road Burnley iAnc85hir¢ BBII IJG Banke Barclays 1- 5 Market Street Bolton BLI IBU Page I Kfings People's Church Truslees. Report The tn￿Let5, who are directors for the purposes of company law, Present the amiual report together with the rinancial stat¢ments 8t￿ auditors, report of th¢ tharitsble company for th¢ year ended 31 December 2025. Trtrsttes MrA Bladen Mr P Denney Mr A Dougherty Mrs R Eden Mrs R Fisher Mr l J Scholes Mr D M Smith {resi8tted 2910112025) The financial statements hav¢ been prepared in accordance with th¢ accounting polici¢s s¢t out in the financial statements and ¢omply with the charity's Memorandtun and Artic1¢5 of Asso¢iation. th¢ Compani¢5 Act 2006 and "Accounting and Reponing by Chan"ries: Ststement of Recommended Practice applicable to eharilies prcparing their accounts in ac¢ordan¢¢ with FRS 102 (Charitie5 SORP IFRS 102))" Intr•)ductlon Kings Church is a lively. thriving community. eMb￿ing people from every g¢n¢ration and walk of life. With s¢vert congr¢gations meeting across the North West, w¢ believe that chwch should be a vibrallt. lif£-fJlle41 spa where individuals arc energised and equipped to fulfil the purpos¢ for which G¢)d created them. We are ommitted to 5eEving th¢ commuDities in which each of our congregation5 are based, undertaking actlVLties to build and fo$t¢r deep and meaniDgful relalionships aDd CODnKtion5 in a¢￿[daD¢e with our Cbristian faith. Objectives and Activities The objects ofthe church are io.. Advance the Christian Faith in accordance with the Statement of Belief5, in Bolton, Bla¢kp(K)l. Livetyool, Salforl Wigan, WaTTington aDd the Persian COM￿u￿lty based in Bolits￿ and ill such othei parts of the UTJitd Kingdom or the world as the trust¢cs may from time ￿ time think fiL To provide and assist in ihe provision of facilities foT the t¢n¢fit ol th¢ ￿Mmunity in which of its gregations are b85¢d and the surrounding neighbourho(Ml. which facilities may, without limitation, include the provision of food, childcare services attd rneetings, lecTr￿c%, classes aDd other fomis of ¢du¢ation, trajDing in life skills, recreation and leisure-tirne occupation wiibout distinction of race. sex. political. religious or o¢ber opinion and with the objective of improving tbe conditions of life for tbe said inbabitsnts as the ￿￿slee$ from titne io lime thin￿ fiL Thmugh our Sunday s¢rvi¢¢s and midwe¢k PTO8Tamme. trdiniDg events aDd other activithes, out aim is to bring adults, young peopl¢ and childr¢n into a greater spiri￿al, iniellecDJal aDd moral awareness and io advaoct the pra¢ti¢al application of Christianity. We seek both to Mobili￿ the people of God and express th¢ love of God to those within and outside our con￿egatIon through all of our church activities. W¢ expect lo s¢e people's live5 cbanged for the better as they experience God's help in th¢ir daily lives and the compauionslLiP aDd practical help of oillers in our SUPEK)rtive groups and gatberings. We expect people io be better equipped in life skills through our training aDd education. W¢ also exp¢¢t beneficial changes in the lives of thos¢ both within and outsid¢ our congr¢gation who receive practical help or gifts of food and clothing and of those who receive help from gifts made to oversw aid and famine relief. Page 2 Kings People's Church Trustees. Report Our vision statement is.. Kings Church exists to ¢stablish Jesus-vntred faith COmrnUDiiies that Reach. Teacb. Lead and Relcase. All oth¢r charitable activities undertaken by the ¢hurth art to further th¢ attainment of the Vision and the above objectives. A¢tivitie$ and Acbievements In 2025, Kings Church celebrated a rema￿able milestone - OUT 20th AnDiv¢rsary. Two d¢cadGs of God's faithfulness. Community trdnsfornution, and shared mission have 5haExd us into the multi-campus church we are today. To mark this 51gntfJcant moment. we gathered at the Bolton Football Stadiurn for a mulri-campus celebratlon s¢rvice, where more than 1.000 people came together to worship, give thanks, and look ahead with faith and expe¢tstion. We are incT¢dibly proud of th¢ journey that th¢ Church has been on over the past 20 years. starting with just a handful of people under the leadership of Pastors Derek attd Georgina Smith, and growing Church of 1,000 people acros$ 7 campuses in the North WesL Our focus throughout 2025 ha5 been on solidifying our stNctute and refining the areas where we are umquely called and gift¢d. By concentrating our energy and resourccs on what we do besL we have continued io gtow in health, unity, and impact. This year has been marked by continued consolidation and strengthening across our organisaiion, building on the foundations laid through our Vision Ststement launched in 2023. We hav¢ continued to etnbed our staff handbook, policies, and prLKedur¢s. ensuring clarity, consisten¢y, and exc¢ll¢nrx in all that w¢ do. This year also marked an itnportant step forward in our commitment to irdnsparency and good governance. We h05ted gur s¢coud multi-campus Ggvernance and Finance Nigbt at the Mill, offering anyone in out church fatnily the opportunity to hear more aboui our finantes, governance StrucThwes, and the siewardthip of our re50urees. Att¢ndanee across all our tAmpus¢5 h¥ eontithued to ris¢. with moT¢ than 1.000 peopl¢ now ￿11￿8 Kings their home atld gathering weekly at one of our services. This growth reflects noi only the vibrancy of out Sunday gatherings but alw the in¢r¢asing numbei of individuals and fatnilies finding belonging. purpose. and community within the life of the church. A $ignificant highlight of the y¢ar has been welwming our new Bolton Cawus Pastors, R￿he1 aod Ste Eden. As Our largest and fastest-growing campus, Bolton has lotlg required the right leadetship to guide it into its next astrn. After severdl yeats of prayerfijl searching and carefvl discernment. we are delighted thai Rachel aod Ste have stepped into this role. Their pastoral hear4 leadetship gJftiDg, and deep commitmeni to tb¢ mission of l&"llgs have already biougbt fresh energy and clarity to the campus. This appointsnent repre￿nts a great invesuneni inio the ￿t￿re of Bolron and the wider chuT¢h. str¢Dgtheoing our ¢apacity to di5¢iple, care for, at reach even more people across our community. We are excited to see how th¢ ¢aTnpu5 will wntinue to flourish under iheir stewardship. Our Blackwol carnpus has also seen significanl gro￿. with a thriving FilipiDO mintsty that has be¢om¢ a vibrant and integral part of the church family there. We were excited ro lawJ¢h an afternoon Service at our Blackpool calnpus, to better accommodate the growing numbers of people we have ther¢ as part of th¢ Kings Church farnily. Page 3 King5 People's Church Truste￿. Report This year Saw filrther building development at the Mill, out cetstral site where both out Bolton and Petsian ¢irnpuses me¢t. Grant funding has ¢nabled to progress essential builditig improvements that will serve our Tninistries for years to ￿￿¢. There is Still fi￿tr invc5tment required at the Mill and our othet campus localion buildings to help us better Serve our congregation5 and comlnunities. Donations towards building maintenance and development are always gratefully recehved. We have some fantastic building teams made up of willing volunteers who help to keep our frdcilities in giMKi order. The stsrt of the year saw a multi-camp115 team come ÈogetheT to h¢lp clear and r¢pair flood dan￿ge to our Warrington calnpus. Teams at our Blackpool campus have Jnade gr¢at progress in cieating more stOEage and uEMlaiiDg rooms for children's programmes. and our team at Salford hav¢ compld&J painting projects and garden ttMitttellance. We remain wDllnitted to developing Icaders acro55 K￿8s Chwch. Our partnership with AOG continues to support thos¢ enrolled in ihe Millisters in Training pro8tamme. equippitig emergit)g leaders across our campuses foi futttre ministy. Many of our young people have benefitted from attending the 'Young Lions, PTogramme. equipping the next generation of leaders_ Our regular discipleship and ¢ommuniry aciivities remain at the heart of Kings Churcb life. Connxt groups, toddler groups, and coffee mornings coniinue to run across all campuses, fostering conneciion. dis¢ipleghip. a￿1 outreach. Our Communiry Grocery Pa￿erShiP with the Message Tntst coniinuc5 to provid¢ vital 5UPPOrt in Bolron and Blackpool. We remain incredibly proud of our childten's and youth ministries. Encounier Youth continues to gather young people from aeross the North West every Friday nighL while our youth and children's residentials continue to be signiflcant moments of encounier, growth. and community. We look fonyard to investing further in this into 2026. with the employment of a dedicated pastor for 0-18s age range. The trllst¢¢5 monitor perfornwice using financial KPIS (giviDg levels, reserves. eatnpus income) and non-financial KPIS (attendan￿. volunteer engagement. community prO￿nMe participation). These indicators inform 5tTat¢gic decisions. The trusiees consider that the charity has mad¢ good progress towards its objeetives during the year. Growth in attendan¢¢, increased volunt¢¢r engagernent, txpaDsion ol COTnrrLuriity ministries, and strengthened campus leadership all demonstrate wntinued advancement of oui charktable al￿S to leach, teach, lead and release. Financial perfomnte iemain¢d stable, supporting the delivery of our core xtivilies. Volunteers At Kings People's Ch￿￿h, our dedicated volunieers ar¢ the heart and soul of our Community. Each Sunday service across our campuses is made possible through th¢ tirele$5 efforts of nearly 350 ¢ornmitted volunteers. Th¢s¢ individuals embody the very spirit of our ¢hurcb's vision. Our midweek activities thrive under the leadership of our pwionate volunt¢ers. They are rigorously vette4 with DBS checks conducted whete necessary. aDd receive continued training and guidanc¢. This ensures that every volunteef is well-prepared w contribute meaningfully to our cornmunity. Furthermor¢, our charity and local community ouireach initiaiives are dn'ven by our voluDt¢¢rs. These xtiviti¢S ar¢ ¢oordiDai¢d by a paid stsff member, ensuring ihai our outreach is impact￿1 and well-organisoi The invaluable cotstribution of out volunteers is a teswnent to the streDgih of our cburch ¢ornmunity. Th¢ir dedicaiion allows us to CODtinually fidfil our mission and make a positive impact both withiD and beyond our church. Financi41 review The f￿anceS of the organisation continue to be h¢althy d¢spil¢ the d¢fL¢lt for the year, which is largely due to the planned investsnenr in the campuses and Staff. lrtcome acr055 the orgODisation is growing and txpenditur¢ is being closely nw)aged. Page 4 Kings People's Church Trustees, Report Monthly tithes and offerings cottsolidaied well dun.ng 2025. following on fmm strong gro￿ in 2024. The final quarter of 2025 was particularly encouraging with that upwtrd trend cL)ntinuing into 2026. Again, the Bolton c2rnpus remains healthy and continues to be the strongest campus IM)th nurneritally in ternis Cpf ￿ving and attendance helping to support the carnpus Model of Kings Church. Investsnent in dedicated stsff for th¢ Bolton cawus is ¢xpccted to further Strengthen tlll"s wysition. The Warrington campus enjoyed a good first ￿11 year a5 part of Kings with the building th¢re, fornierly belot)ging to charity 025is Waffington. known &5 Urban Church. transferred to Kmgs in April 2025 further adding to our porrfolLO. During 2025 ￿'ng5 was able to us¢ grdnt fimding and g¢nerdl funds to fvrther develop new ￿able gpace at The Mill which has proven vital for the churches, kids ministy with over 200 children and young people now using that spa¢e on a weekly b&si5. In late 2025 Kings was also able lo access an inlere5t frec loan from Assembli¢s of God to h¢lp strengthen investmen¢ at th¢ Watrinwon campus and also enable the church the fl¢xibility to invesi in other buildings loo helping to fi￿h¢r othei venue streams. The dissociation of the Liverpool campus in early 2026 is exp¢¢ted to have little to DO ¢fftct on th¢ finances of "ngs Church. Th¢ trustees moniior financial risk through regular ￿leW of cash flow. reseryes, and income forecasts. Liquidity risk is managed by maintsining adequaie reserves and monitoring monthly Gqsh requirements. CTedit risk is considered low as the chariry does not offer credit f¥ilities. Investment risk is manag¢d through the harity's social iiiv¢stm¢nt policy aDd the use of low-risK ethical financial pioducts. Going Concer The trustees have assessed the charity'5 abiliry to continue as a going conc¢rn for a period of at l¢ast 12 months from the date of approval of ihese financial 5ts1ement5. Bas¢d on income for¢wts, cash reserv￿, and expected expenditure. th¢ tnLStees consider that the chariry has adequate re50urc¢s to continue in optrdtional existence. No material uncertainties hav¢ been identified that wt sigmficant doubt on the charity's ability to continue as a going ¢onc¢rn. Reserves tn accordance with ChaTity Commission good wactice. the Trustees have set 8 r¢5¢rY¢5 tsrget of an amount equal to 10/0 of annual nei operaiing costs. which is opproximately £85.000. At year end. f￿¢ res¢rv¢s were above this tsrget at £214,435. and th¢ Tn￿tte9 intend to maintain a strong r¢servc5 Position going forward. Any additional fimds will be responsibly r¢+inves¢ed into the charity's activiti¢s or held to me¢1 future anticipated expenditure, eDsuring financial stsbility and good stewar(Lship. Fundraisin8 The majority of futth hav¢ traditiODally corn¢ a5 voIuDt8ry donatsons (tithes & offerings). As our community ¢Th8agement is part of our core actsvilies, we rely on voluntsry donations ro meel the majority of ow ¢xp¢rLditure. There has be¢n no professioDal fundraising in respeci of ordLDaJy aciivities. The charity complies with the Fundraising Regulator's Code of Fundraising Practice. No professional fundraisers or commercial participators were engaged. The tritSl¢¢s monitor fulldraising activity to ensure compliance al￿ prot¢ction of vuln¢rabl¢ p¢ople. No fimdraising complaints were received during the year. Page 5 Kings People's Church Trustees. Report Structurey govern*nce aDd Ma￿agement Kings People'$ Chutch (also known as Kings Chutch) is Ill￿￿)0[ated as a ¢ban"table company limited by guarantee and governed by its MemoTandum & knicles of A&8ociation. It is also a regist¢Ted charity with Charity number I11825l. Gov¢rnan¢e of th¢ organisarion r¢sides with the trLLSttts who are reS￿nsi7)le for.. Strategie Over$ight". Ellsuring the organisation Opera￿ within the Vision s¢t by the Cor¢ T¢am. LeAder5hip Accountability.. Holding leaders, including the Core Tw a￿0￿￿table for the perforn)ance of th¢ orgarjisation and effectiv¢ management of the staff team. Flnancial Stswardship aDd Resource Allocation.- Overseeing the financial health of the organisatio eD5urkng fiJnd5 are managed prudently and align with the charity5 vision and values. Ensuring resources are allocated ¢ff¢¢tivcly to achieve the charity's objectives. CDmpliance.' Enstsritsg the charity complies with all legal and regulatory requirem¢nts. Risk Management: Identifying and rnaThagiThg risks to the organisation's operations and repu¢ation. Governan¢¢ and Ethi¢s.' Upbolding high standards of governance and ethical behavior within th¢ organisalion. Impact Assessment: Monitoring and evaluating the impact of tbt cbarity's activities to ensure they Meet the int¢nil¢d goals. Polity Devt141pment'. Developing and approvittg key poli¢ies to guide th¢ organisati¢)n's op¢rations and activities. Stakeholder Engagement." Engaging with stskehold¢r4 including donor5. b¢nefi¢iari¢s, and the couuDunity. to I￿]Id twst and support. GoveTnance. stnLCDJie and management are continually monitored by the board, and revised governance policies have been written and implemented over the past fina￿]￿1 year. The church are se¢king to expand the expertise on its IxTrard of Trustees and are considering ￿tUre apwinttnents in 2026 in line with Charity Commission guidanu. TnLSt¢es are appointed in accordance with the Articles of Association. New trustees receive an induction covering governance responsibilities. policies. financial over5igh¢ and Safeguarding. Ongoing training is provided thiough updat¢5 at r¢gu13r m¢¢ting¥ and ext¢rnally provided Courses available thtougbout the year. The truste¢5 Jnake decisio￿ about strat¢Bi¢ matters such as buildings, finance, stsff appointments, setting pay and remuneraiion of the charity's statf and key personnel. Key managtment personDel comprise The Senior PastOTS, As50Ciate Pastor5 and senior operdtlQDal leads. Rerlluneiation is reviewed ar￿UallY by the trustees with r¢ference to scctor benchmarks, responsibility levels. and affordability. The CoTe Team has spiritual oveTSight of the organisation attd makes decisions about church activklies and direction in accordan¢¢ with the Vision. The Core Tea￿ and Trustees work closely together in tbe overall nltming and oversight of the Chll￿h. with the Core Team having particular responsibility in the following areas.. Spiritu#l Leadership." Piovide Spirill￿1 guKdance and oversight ¢0 th¢ ￿ngregatiOn, ensuring that the church's teachiDgs and practices aligo with biblical principles. Visionary GuidaDce'. Setting the Vision of Kings Church, and providing general direction and oversight os to our k¢y ar¢&5 of focu5 &% a ¢burch. Pa5tor*l Care- Oversight over pastoral support and care to church memb¢rs. Texchin8 and Preaching- Setting the docttine of KiDgs ChU￿h. eDsuring teaching and pr¢aching is llDder￿ktn by spiritually Tnature leaders who are accountable to the Cor¢ Team. nurtuting the spiritual gromh of the congregation. Page 6 Kings People's Church Trustees, Report Govtrnattct: Parti¢ipate in th¢ governan¢¢ and decisioll-making pn)ce5ses of th¢ thurch. providing direction and wisdom and worktng closely with the Trust¢es. Pr*yer Int¢rce55ion.' Lead and engage in prayer and intercesshon for tbe church, its members. and th¢ broader communhty. Community Engggement.. R¢pTesent the ¢hwch in th¢ wid¢r ￿Mmunity and ¢nwurage outr¢aeh and servic¢ iniliatlves. ngs Chur¢h is affiliated to the Ass¢mblies of God (AOG) t(p whom we look for good p¥actice in both spiritual and operating activitles. Senior Pastor Derek Smith was apFKTrinied to the National l￿derShIP Teatn ofAOG in 2023 with a f￿uS on the ar¢a of Church Health. His ap￿intment was appIoved at board level so as not to compromise ongoing activhties of Kthgs People's Church and scrvi¢es deliveied to useTS. King5 Chuxh 15 also a meTnber of the Evangeb"cal Alliance. providmg stren8th ￿ our organisation by way of a wider evangelical chwch nerwotk. RelÈted parties The church maintains good working ￿lationshipS with other churches and community outreach groups in ihe are&5 surrounding i)ur campus locations. and also nationally. There is regular co-operatson in pwsuit of our mutual charitable objeciives. None of these are deemed io be ttlated parties. Pllblic benefit discloiure Throughout the reporting period, the a¢tivitie$ of th¢ charity have been centred on six campus locations - Bolton, Blackpool, Wigan, Salford, Wartington and LiverrA)ol. All of the activities of the charity are deemed to b¢ in the inter¢st of the public benefit. Our governing document requires that our aciivities include the provision of facilities expressly for the benefit of people in the communities where we are loca*d. All our community engagement activities have this as the primary objective. We wotk closely with The Message TD15t in our Cotnmunity Grocery at iY)th The Mill, Bolton and Blackpool. Other examples of the corntnitrnent io meeiing our public inreresi objectives include the ministries of Christians Against Poverty (money management), Secret Angels. Cloth¢s Bank. Love Does, Dance classes, Who Let the Dads Out, Community ¢afé and Connect groups, Community events, Wann Spaces, CommuDity IA)cker, Coffee mornings. Mini-Giants Iparent & toddler midw¢ek groups), Cooking at K]"ngs. N¢on nighLS. family fun days throughout the year, summer holiday kn"ds' clubs, and family film nights. The ttwtees confirn) they have had due regaTd to th¢ Charity Commi55ion's guidanc¢ on public benefit when planning and r¢viewing th¢ charity'5 ¥tiviti¢s_ Soclal investment The chur¢b's activities continue to expand. and this eDsures continued focus on th¢ need to collsider the suitability of social investment. Currently debt financing is obtsined via Kingdom BaLk who suppon church and Charity investments, secured against property- We maintain research on opportunitie5 Wtth other grant and fi￿d provi(krs to help finance futttre and poiential social inv¢stment projects. Th¢ Trust¢¢5 have a social inv¢stment policy that sets out criieria for ethi¢al investment, expect¢d r¢turn4 and risk tol¢raDce. Inv¢sttneDL8 ar¢ reviewed a[￿uallY. Prin¢lpal Risks and Mitig4tion Tbe TNstees have aS￿Sed the risks that they consider are facing th¢ ¢harity and rrfjte th¢ following.. Longer temi organisation stnL¢ture and strat¢gy needs to be estsblished in order lo provide a plarform for leadeTsbip development and chuT¢b*laDlit)g. Page 7 Kings People's Church Trustees, Report Financial volatility in the economy provid¢s a challeng¢ for l)oth our expenditure as atl organisation. and for members of ihe congregation and has an impa¢t on wving. Cost of living continues to be a challenge, both for our expend1th￿t &$ an OTganisati¢)n and for the membefts of our congttgaiion. Digital Engagem¢nt and Te¢hnological Change - people are engaging with Church irt many diffeient ways. and w¢ should Continu¢ to In￿$t tn bett¢r t￿l￿OI08Y and IT equipment to adapt to these changes quickly. Expenditute and budgeting ate being kept Luthr close review io ¢nsur¢ b¢st stewardship of our T¢5ources. Potential for capital ¢xpenditur¢ on outdated llrfrastsu¢ture. Maintenance of buildillgs and assds needs to be constaDily monitored. Balancing the we of buildings which are busy and multi-use. For each of the principal risks Identifie￿ th¢ trusie¢s have iEnpl¢mented mitigation stsategies including establishing an int¢rnal working group to overview the statT s￿c￿￿Te and future requirements of the organi5ation, with a view 10 proposing and implementing change. Additionally financial perfomance is closely rnonitored and reviewed in order to mitigate any immedjate Tisks atiSiDg. The Ttustees have focuss¢d on developing additional secured streams of income for th¢ Charity. b¢yond iith¢s and off¢rings, in¢luding renting Out rooms and buildings under its owi)ership. An ￿di1 of our IT wuipment has been ￿rrIed out, and a plan is in place to upgrade elements of the equipment in stage5 in order to avoid significant c05t to the organisation. We hRve introduced a new monitoring 5yStezn called 'Srnartlog' to keep up to date with ongoiTJg maintenance at ¢ach of our building5, aDd to ¢n5ur¢ rnainteJ)anc¢ jobs are ci)wleted in a lI￿tlY manneT. Plat)5 for fMtIlTe peri¢Mts We plaft to str¢ngthell our ¢¢nttal I￿atiOn'S inv¢stm¢nt ¢hildr¢n. youth, and famili¢s through th¢ appointment of an Assistant Pastor for ￿18s_ This role will provide dedicated pastOTal oversigh¢ support Vgluryteer teams. and ensure that our Ministries for babies through to young adults are consistently di5cipling, safe, and aligned with King5 CuItt￿_ The post will also help ￿ build clearer pathways for parents. earers. and young people as th¢y grow in faith and connectioTh to the wider church family. To 5UStain healthy growth across all campuses, we want to further develop ond launch a stNctuied leadtrship development pro8ratnll￿. This identify etnerging leadets. provide theological and practiul ttailliDg, and create opportunities for hanits-on n)inisty experience. The progrd2nme will focus on ¢haracter forn￿110 biblical literacy, and the ski115 requiTed for leading teams in a mult14iie environmenr. Our aim 15 to build strong pipelin¢ of furure leaders who are ¢quipped. supported and confident in their calling. Looking knber ahead. we In￿nd to invesi ioientiot)ally in leader5 and resources that will suppon filture church plants across the North W¢$t. Thi5 includes id¢lltifying pol￿tIal planting teams. strcngthening our training pathways, ond buildittg th¢ operational and pastordl infr&structure required foi su5taiDable multiplication. Out goal is to prepare well so that when opportutlities arise. we are ready to respond with faith, clarity. aDd a well-equipped ttam. In addition to this, we are making provisi¢)n to send our Senior Pastors on a Sabbatical in 2026. They bave setved the orgallisation faithfully for 20 years and the Ttustees stt this as an inier)tional investment in their IoDg-tertn wellbeillg, spirittlll renewal, res¥ and fiLttwe ￿l￿1$￿Y ¢ffec¢iveness. whith will en2bl¢ long-tern) pIar￿l￿g and ambition for the organisaiion as a whole. A k¢y priority for the coming peiiod is streDgtbening the journey from community engag¢m¢nt into m¢aningful belonging wiihin the chutch. We will develop Clearer pathways that connwt people froTn our community ministries - such as ihe Community Grocery. CAP, Warni spac￿ toddler group5. and s¢asonal ¢v¢llts - into Sunday gatherings, small groups, aEJd disciplesbip environments. Pag¢ 8 Kings People's Church Trustees, Report W¢ will continu¢ to work towards securing a pernianent hoTne for our Wigan Campus. Estsblishing a long-t¢rni base will enable w to deeperl our presence in the iown, Strengthen midweek ministries. and create & stabl¢ foundation for ￿ture growth. This remaitL5 a priority which we are always looking for oppottsniLi¢s for. Dis¢losMre of infornutioTh to auditor Ea¢h IT￿t¢t ha5 tak¢n steps that they oughi io have tsken as a Injstee in ord¢r to make themselves awarc of any relevant audit inlornatitsn and io establish that ihe ¢harity'S auditor is awdre of that inforn)ation. Th¢ trustees confirnj that there is no relevant informalion that they kDOW of and of which th¢y know the auditor is unaware. The a[￿U3] report was approved by the trustees of th¢ clwity on 13 July 2026 and signed on its behalf by.. Mi l J Scholes Tn￿tee Page 9 Kings People's Church Ststement of Trustees, Responsibilities The tNstee5 {who are also th¢ directors of Kings Peopl¢'s Church for the putposes of company law) are responsible for preparing the tn]stees' report and the financial statements in accordance wilh applicable law and United Kingdom Accouniing Standard$ (United Kingdom Generally Accepted Accounting Prnctiee). including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trusiees io prepare financial staiements for each financial year. Under company law the trnstees Inust not approve the financial sia*ments unless they are satisfied that they give a trne and fair view of th¢ 5tste of affairs of the charithble compatly and ol the incoming r¢soutces and appli¢ation of resou￿¢$, including its income and expendifure. of the charirable company for that period. In pr¢paring th¢s¢ f￿anCial s&temertts. the iru5ttts are required to: select suitable accounting policies and apply them consistently. observe the methods amd prin¢ip1¢5 in the Charities SOR￿. mak¢ judgements and ￿tiMate$ that ar¢ reasonable and prudenL stale whether applicable a¢¢ounting standards, comprising FRS 102 hav¢ been followed. subject to aThy material departures dlsclosed and explained in the financial stat¢ments,' and prepare the financial 5tst¢ments on th¢ going CODcern b&sis unless it is inappropriate to presume that the charitabl¢ company will ￿ntinue in business. The trus￿eS ale responsible for keeping proper accowjting records that can disclose with reasonable accuracy at any time the finan¢ial posilion of the ¢h3rir3ble Company and enable them to ¢n5ure that the financial statements comply Wlih the Comparties Act 2006. They ar¢ a150 responsible for saf¢8uarding the assets of the Charitable company and hen¢¢ for taking reasonable steps for the pr¢v¢ntion and detection of fraud and other irregulatities. The tn]stees are responsible foi the maintenance and integnty of the corpoiate and fLnanci81 infonnation in¢luded on th¢ charitable cornpany's website. Legislation governing the pieparntion and dissemination of financial ststements may differ from legislation in other Jurisdictioii Approved by the trus1¢¢5 of the charity on 13 July 2026 and signed on its behalf by." Mr l J Scholes Trust¢¢ Page 10 Kings People's Church Independent Auditor's Report to the Members of Kings People's Church Opinion We have audited the financial sialemenLS of K￿g$ Peopl¢'s Church (the 'chaTity) for the year ¢nded 31 De¢e¥nber 2025. which comprise the Siatemeni of Financial Activities. Balan¢e Sheet, Statement of Cash Flows, and Notes to ihe Financial Statements, Lncludin8 a summary of significant accounting policies_ The financial reporting framework that has been applied ID their prepaTalion is Unit¢d Kingdom Accounting Standards, comprising Chariiies SORP - FRS 102 The Financial Reporting Standard applicable in th¢ UK and R¢public of Ireland. and applicable law (United kn"ngdom G¢nerally A¢c¢pt¢d Accounting Pra¢ti¢¢). In our opinion the financial ststements.. give a iNe and fair view of the state of th¢ clwitys affairs as at 31 Decemttr 2025 and of its incoming resources and application of resour￿. including its income and expendlft￿¢. for the year then ended. have beett properly prepared in accordance with United Kingdom Generally A¢cept¢d Accovnting Practice,. nd hav¢ b¢en prepar¢d in accordaDce with the requirements of ihe Companies Act 2006. Basis for opinioD We conducied our audit in accordance with International Standards on Auditing (UK) USAS (UK)) and applicable law. Our responsibililies under those standards are further des¢rib¢d in the auditor ffsponsibilities for th¢ audit of th¢ financial statements se¢tion of our r¢port. We are independent of the charity in accordance with th¢ ¢thical requirements that ar¢ relevant to our audit of the fU￿nClaI statements in the UK, Incluthng the FRC'S Ethical StandaTd, and we hav¢ fvlfill¢d OUT other ethical responsibilities in accordance with ihese requirements. W¢ believe that the audit ¢vid¢n¢e ￿ have obtsined is suffici¢nt and approprixi¢ to PTovid¢ a b&8is for our opinion. Conclusions relating to going eoDcer In auditing the finaocial statements. w¢ have concluded that the trnstee5 Use of the going concern b&sis of ac¢ounting in th¢ preparation of the financial statements 15 appropriate. Based on the work we have peTfornied, we have not idenlified any maierial uncertainties T¢lating to ¢v¢nt5 or conditions that. individually or collectively. may ￿st significant doubi on th¢ charity's ability to continu¢ as a going concern for a period of at leasi tsvelve months from when the original fJDancial stat¢m¢nts w¢r¢ authorised for issue. Our responsibilities and the responsibilities of the trLL5tees with r¢spect to going concern are described in the relevant ￿ctionS of this report. Other information The tn]stees are responsible for the other infOrn￿tiOts. The other inforniation comprises the inforniation included in the a1￿U￿1 r¢port. oth¢r than th¢ financial stat¢m¢nts and our auditor's repgrt therton. Our opinion on the rsnancial statements docs not cover the otber information and, except to the extent othenvise explicitly slated in ow report. w¢ do not expres5 aDy forni of &ssuran¢¢ ¢onc1￿10n thereon. In connxtion with our audii of the [￿1￿1a1 sra*ments, our responsibility is to tead th¢ other infOrn￿ll0n and, in doing so. consider whether the other infornwion is materially incoDSiStent with the f￿anCial statements or our knowledge obiained in the audit or oiherwis¢ appears io be maierially misststed. If we identify such rnaterial incons)siencies or appaTeni material misstat¢m¢nts. we ar¢ r¢quired to detern)ine whether th¢re is a maierial misstatement in the fiDan¢ial statements or a material mi5Statemcnt of the oth¢r information. If, based on tlle work we have perfomied w¢ conclude that th¢re is a mat¢rial misstatement of this oiher infortnation, we are required to rew)rt thai facl. W¢ have notbing to report in thi$ regar(L Pag¢ 11 KiDgs People's Church Independent Auditor's Report to the Members of Kings People's Church Opinion on other matter prescribed by the Con￿￿￿1t5 Act 2006 In our opinion. based on the work undertaken in the course of the audit: th¢ infornution given in the Trustee5' Ryrt for th¢ financial year for which the find￿¢181 statements are prepared 15 consistent with the financial statements" and the TnLStees' Report has been prepared in accordan¢¢ with applicable legal requirements. Matter5 on whith we are required to report by ex¢eptlOD In the light of our knoivledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material mi55tstements in the Tr￿SIteS, Report. We have nothing to report in respect of the following matt¢rs wh¢re the Compani<8 A¢t 2W6 requir¢s us to report to you if, ID our opinion.. adequat¢ awunting rKords bave not been kep4 or returns adequate for our audit have not been received from braDches not visited by us" or the financial stst¢m¢nts are nol in agre¢m¢nt with the ￿0￿￿tIng record5 and returns,. or certain disclosures of trUS￿e% iemuneration specifled by law are not made." or we have not received all the infomption aDd ¢xplanations w¢ r¢quire for OUT a￿lIL ReSPQDsibilitie5 of trustees As explained n￿re fully in the Stst¢m¢nt of Tn￿le¢S, Re5PODsibiliti¢s (set out on page 10), the trust¢es are responsible for the preparation of the financial statements and for being satisfied that they give 2 true and fair view. and for such internal control as the tNsie¢s d¢tennine is nryessary to ¢nable the p￿paratIon of financial statements that ar¢ free from material misstst¢menl whethtt thie to fraud or ern)r. In preparing the financial ststements, the trustees ate responsible for assessing the charity's ability to Coniinue as a going concern, disclosing, applicable, rnatters related to going Concern and using the going conrxrn basis of accountitl8 unless the trustees either intend ro liquidai¢ the charity or to ceas¢ op¢rations, or have no r¢ali5ti¢ altemative but to do so. Auditor responsibilities for the audit of tht finanti•l statemettts Our obj¢tiives are to obtsin reasonabl¢ assuTan¢¢ about wh¢th¢r the fMwi¢ial statements a5 a whole are free from materi81 mi5StatemenL whether due io fraud or error, and to issu¢ an audiior's report that includes out opinion. Reasonable assuran¢¢ is a high l¢v¢l of assuranc¢, but is not a guardn(¢e that an audit conducted in accordance with ISAS IUK) will always detect a material Tniss¢aiement when it exists. Misslatements Can arise froll] fraud or e￿or and are coosidered llthterial if. Individu&lly or in the aggr¢gat¢. they could reasonably be expected t(> influence the economic de¢isioDS of users taken on th¢ basis of these fLnaDcial statements. Irr¢gularities. in¢ludÉng frau(L ar¢ instsDc¢s of non-compliance with laws al￿ regulations. We design proceduies in IiDe with our responsibilities, outllned alh)ve. io de*ci material misSts￿Ments in respect of trr¢8ul8ritt¢s, including fraud. The spwific procedures for ihis ellgagemetlt alld rhe extent io which tbese are ¢apable of detectinB irregularities, including fraud is detailed below. Our approach to identifying attd assessing the risks of material misstat¢ment resp￿1 of irr¢gularities, including fraud and non-compliance witb laws and regu]*ions. was as follows". th¢ ¢DgageTn¢nt parther ensur¢d that the engagetnent team collec(ively had the appiopriare cornpetence, capabilities and skills to identify or recogni5¢ non-compliance with applicable laws and regulaiions: we identified the laws and regulations applicable to the chariry thmugh discussion5 with trustees and other management, and from our knowledge and expenence of the charity sector. Page 12 Kiny People's Church Independent Auditor's Report to the Members of Kings People's Church w¢ focu5sed OTh specific laws and regulations whj.ch we considered may have a direct material effect on the financial statements or the operations of the clwi"ty. in¢ludin8 the Charities A¢L 2011.. we assessed the extent of compliance with the laws and T¢gulation5 identified above throu8b making enquirie5 of management and inspecting legal corresponden￿. and we id¢ntified laws and regulations whith were communicated within the audit team regularly and the tea r¢mained alcrt to instance5 of non-eompliance throughout the audit. We assessed the susceptibility of the charity's r]na￿la1 st3￿m¢Al5 to mat¢rial misstatement, including obtsining an understandin8 of how fraud might oc¢ur. by.. makn.ng enquiries of malla8ement as io where they consid¢r¢d there wa5 susceptibility to fraud, their knowledge of a¢￿al. suspeC￿d and all¢ged fraud: and Considering th¢ internal ¢ontrols in plac¢ to mitigat¢ risks of fraud and non-compliance with law5 ond r¢gulations. To address th¢ risk of fraud through manag¢m¢nt bias and ov¢rride of wntrols, we.. perforned analytical pr¢xedures on material balances for which robust. substantive analytical pro¢edur¢5 have been Underta￿en io identify any unusual or un¢xpe¢ted r¢lationships' tested journal entries to identify unusual tran5actLons' at investigaied the raiionale behind Signif￿¢)nt or unusual trans2¢tion5. Ther¢ ar¢ inherent limitstions in our audit procedures d¢5cribed above. The tnore removed that laws and regulations 2re from fiDancial traThsactiolls. the less l]kely it is that we would become aware of non¢omplian¢¢. Auditing standards also lirnii th¢ audit procedures required to identify non-comp11a￿e with laws and regulations to enquiry tsf the directors and other managernent and ihe inspeciion of regUla￿ry and legal ¢oTrespond¢nc¢, if any. Material misststetnents ihat arise due to fraud can be hatder to det¢¢t than those that aris¢ from error as they may involve deliberaie concea1rt￿n[ or collusion. A furth¢r description of our r¢spon5ibilitie5 for the audit of the financial statements 15 locaied on the Financial Reporting Ctsuncil'5 website at.. www.frc.org.uklauditorsresponsibilities. Th"s descripiion forn￿ pan of our auditor'5 report. Page 13 Kings People's Church Independent Auditor's Report to the Members of Kings People's Church Use of our report This report is made solely to the charitable ￿MpanY'S t[￿tte$, 35 a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Chariry's tNstees those matt¢rs we are required to state to th¢m in an auditor's report and for no other purpose. To the fullest extent p¢rniitted by law, we do not accept or wume responsibility to anyone other than the charitable company and its tru5tecs as a b￿. for ow a￿lIt work, for this r¢porL or foT the opinions we have forn)ed. Mark Hrdton FCCA DcbA (Senior Statutory AuditOT) For and on behalf of KM. Statutory Audiior 1st Floor. Block C The Wharf Manchesier Road Burnley Lancashire BBII IJG 13 July 2026 Page 14 Kings Peaple's Cburth the amount aDd settlement date. In the event that a donation 15 subject to conditions that requhre a level of performan¢e by the charity before the charity is entitled to the bjnds. the income is deferred and not re¢ogiJised until eithei those conditions are fully mel or the fulfilment of those conditions is wholly withiti the control of the clwity and it is probable that th¢s¢ conditions will be fijifilled in the reporting period. Grants receivaljle Grants are reCo￿lSed when the charity h&s an entitlement lo the fiuwjs and any conditions linked to the grants have b¢en mel. Wh¢T¢ perfom)an¢¢ ¢ondilions ar¢ attached io th¢ grant and are yet to be met, the in¢ome is r￿o￿lsed as a liability and includ¢d on the balance sheet as d¢f¢rrtd incom¢ to be relea5¢d. Deferred income Deferred income r¢pr¢sents amounts rvxived for future periods and is ￿leaS¢d io incorning r¢souices in the p¢riod for which, it has been r￿e1ved. Such inwme is only deferred when.. The donor specifies that the gran¢ OT donation musi only be used in fvture accounting periods. or The donor has impos¢d conditions wbi¢h rn￿t be met before the charity unconditional entitlement. Exp¢ndltvre All expenditure is iecosnised once there is a legal or constnictive obligation io thai expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated io the applicable expenditure heading thai aggregate similar costs to that category. Where ￿$ts cannot be directly attributed to particular headings they have been allocated on a basis consistent with the us¢ of restsuT¢¢5, with central staff costs allocated on th¢ basis of lime spent. and d¢pr¢ciation charges allocat¢d on the portion of the asset's use. Other 5UPPOrt costs are allout¢d bascd on th¢ Spread of staff costs. Ch4TritÈ7ble oclivities Charitable exp¢nditur¢ compri￿$ thos¢ costs in¢uTr¢d by th¢ charity in the d¢liv¢ry of its a¢tivities and s¢rvic¢s for its beneficiaries. It in¢lud¢5 IM)th costs that can be all¢)cated directly to such activitTre5 and those costs of aD indirect nature necessary io support them. Gov¢rnan¢e cost$ These include the cosrs attril)utsble to the charity's Compliance with constiwiional and $th￿tOry requirements. including audit. strategic management and trustees meetings and r¢imbursed exp¢n5es. Taxation The charity is considered to pass the tests sei out in Paragraph I Schedule 6 of the Finance Act 2010 at)d therefore it meets tbe definition tsf a charitsble COmPaDy for UK COTporation lax piirposes. Accordingly. the chatity 15 Potentially exetupt from taxation in iespect of iiitome or capital gains r¢¢eived within categori¢s covered by Cbapter 3 Part I l of the Corp)ration Tax Acr 2010 or Section 256 of tb¢ Taxation of Chargeabl¢ Gaios Aci 1992. to the extent thai such income or gain5 are applied ex¢lusively to charitsble PUTposes. Tangible fixed assets Individual fixed assets ar¢ initially recorded at ¢osL less aDy subsequent accumulated depieciation and subsequent accumulaied impairnient Ios$es. Pag¢ 19 Kings People's Church Notes to the Financial Ststements for the Year Ended 31 December 2025 Depreciation Depreciation is provided on tangible fixed &￿ts so *% to ￿lte off the wst or valuation. less any eststnated residual value. over their expecied usefijl ecoDomic lif¢ as follow5= Asset ¢12ss Depreti*tion metlwd rate Not depreciated a5 properties not deemed to reduce in value Depreciated over the life of the leasehold 25 /0 per annum Straigbr line basis 25/47 perannum Straight line basis Buildings L¢&sehold impn)Yem¢nts Fixtures at)d fittings Equipment Trade debtor5 Trade debtors are amounts due from cuslomu5 for 5ervice5 ￿￿Onned in the ordinary course of business. Trad¢ d¢btor5 are recognised initially at thc transaction price. They arc Subsequently measured at afftortised cost using the effective inierest Tnetbod. less provision for impairn)enL A provision for the impairni¢nt of trad¢ debtors is established when there is objectkve evidence thai the chariry will noi be able io ¢ollect all amounts due accordiTbg to the original teffl￿ of the receivables. C*sh and casb equivalents Cash and cash equivalents comprise cash on hand and eall deposits. and other short-temj highty liquid inve5tm¢nts that aT¢ reath.ly convertible to a kl￿wn amount of cash and are subject to an insignifkcant risk of change in value. Trade creditors Trdd¢ creditOT5 are obligation5 to pay for go(th or 5ervi¢¢5 that have been acquired in the oidinary course of business from suppli¢r5. Accounts payable ar¢ classified as cutr¢nt liabilities if the chatity does not have an Thconditional righi, at the end of the reporting period. to defer settlement of the Creditor for at least hv¢lve months after the reEK)rtirJg date. If there is an unconditional right tt) defer settlem¢nt for at l¢as¢ tw¢lvt montlLS after the reporting date. Ihey are pre5enred as non-cufT¢nt liabilitics. Trad¢ creditors are re¢ognisd initially at the transaction price and subsequently measured at arnortised cosi using the eff¢¢tive int¢re5t m¢th¢)d. Borrowing5 luteTesi-bearing borrowin8s ar¢ initTally record¢d at fair value, net of transaction costs. IDterest-bearin8 borrowngs are subsequeDtly carried at amortised cost. with ihe difference beNveen the proceeds, ne¢ of transa¢tiQil Wsts. and the arnount du¢ on redemption beithg recognised as a charge to the Stsiement of Financial Activiti¢s over th¢ period of the relevant borTowing. Interest expense Is recognlsed on the basis of the eff￿tive inter¢sr method and is includ¢d in int¢re$t payable and similar charges. Borrowing5 ar¢ clas5ifi¢d as current liabilities Unle$5 the cbarity an UDconditiollal rigbi to d¢fei sertl¢ment of the liability for at least twelv¢ months after the reporting date. Page 20 Kings People's Churth Notes to the Financial Statements for the Year Ended 31 December 2025 Fund structure Unrestricted incom¢ fijnds are general fill￿$ that are available for use at the trustees dRscretion in furtheran¢¢ of the objectives of th¢ thity. Destgllatrd funds are untestricted fimds set aside foi spe£ific p￿￿oSeS ai th¢ discretion of th¢ tnL5tees. Restricted income fimds are thos¢ donated for us¢ in a particular ar¢a or for specific purposes. the us¢ of which is restricted to that area or purpos¢. Pensiolls other Post retirement oblig*tioDS The charity operates a defined contribution pension scherne which is a pension plan und¢r which fix¢d ontributions are paid into a PEnsion fut￿ and the charity bas no legal or constructive obligation to pay furth¢r contributions even if the fund does not hold suffi¢i¢Di assets to pay all ¢mploye¢s the benefits r¢lating ttTr employee seTrice in the current and prior period5. Contributions io defined ¢ontTibuiiort plans are recognised in th¢ Stht¢ment of Financial Activities when they are due. If Contribution payments ¢xceed the CODtribution due (or service, the excess 15 recognised as a prepayment. 3 Judgements and key sources ofestimxtion uncertginty Judgtments In the application of th¢ ¢lwity'S aCCOlmting policies, th¢ trust¢es ate required io make judgements, estimates and assumptions about th¢ carying amount of wets and liabilities that are not readily apparent frotn other sources. The estimates and associated &55umptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ ftom these esttmatrs. The esiimates and ut]derlying assumptions are reviewed on an ongoing ba515. Revisions to accounting estimates ate tecognised in the period irt which the estimate is r¢vised where th¢ revision only that period, or in the period of th¢ revision and futur¢ period5 wher¢ th¢ r¢vi5ion affKts I￿th perlods. Key sources of esiimation uncertainty Th¢ ¢stimates 2nd assumptions which have a Si￿lFICant risk of Ca￿$1n8 a material adjustment to the earryirtg amount of &ssets a￿4 liabilitie5 are as (ollows. Depreciation The depreciaiion expense is the recognition of ihe decline in the value of the asset aod allocation of the cost of Ibe asset over the periods in which ihe asset will be used. Judgements are made as to th¢ ¢5timated ￿¢fvI life of the assets. th¢se aTe regularly reviewed to refl¢¢t the changing ¢nvironment. Page21 Kings People's Cburch Notes to the Financial Statements for the Year Ended 31 December 2025 4 frorn don#tAoDs Unrestricted funds Designated Gtner*l Rtstricted Total 21125 2024 Donations from individuals Gift aid re¢laime41 Grants 21,586 799.397 149,272 820.983 149.272 16.952 812,871 147.260 18.799 16.952 21.586 948.669 16.952 987,207 978.930 5 In¢fjme from tharitable attlvltles Unrestricted ￿ndS Designated Genernl Total 2025 Total 2024 Courses and training Events and iciivites income 6,616 80,099 200 6,816 80.099 2.441 69,957 86.715 200 86.915 72.398 6 Investrnent income Unrestricted funds General Total 1025 Total 2024 Jnierest re¢eivabl¢ and similar inwm¢ 3.281 3,281 3,027 7 Other income Uttrestricted funds Desigrtated Geoer41 Restricted fuods Total 2025 Total 2024 miscellaneo￿ income R¢)om hire Rental inct)rne 3,613 10.518 98,833 98.086 100 14.231 98.833 98,086 27,187 92,181 101.539 3,613 207,437 211.150 220,907 Page 22 Kings People's Church Notes to the Financial Statements for the Year Ended 31 December 2025 8 Expenditure OD charitable activities Unrutritted funds DesigDated Gener41 Restri¢ted funds Total 202$ Total 2024 ]¥ote Premises ¢osts Administration costs Ministry expenses Trdining and development Governance cosis 39,512 614.612 72,324 457,336 21.249 28.876 37,675. 691,799 72.324 529,575 21,249 28.876 555,309 74,999 464,681 18.869 26,598 69.773 2.466 109.285 1.194.397 40.141 1,343.823 1,140,456 Included in ministsry expenses are £398.667 {2024.. £357.314) Salary costs and included within goyemance costs are £24,126 (2024.. £20.8481 salary costs. 9 Analysls of govern4n¢e and support CQ5ts Governance costs Unrestricted lunds General Total 2025 2024 Staff costs Wages and salari¢$ Soci81 security costs Pension cosis Audit of the finoncial stsiements Accountancy fees 21.41YJ 2,271 455 4.750 21.400 2.271 455 19.085 1,378 385 5,150 600 4.750 28.876 28,876 26,598 10 Trustees remuneration and expeJLvs During the year, two tsusiees received remuneration from employment with the charity. Payment was made to Mr D M Smjth und¢r the ten￿5 of Kings People's Church sthndard tenDS of employment for kn's role as Senior Pastor_ The aMo￿At of the r¢rnuDeratton pard during the year was £4.689 (2024.. £47.269) together wilh pension contributions of £421 {2024: £5.052). This iepresetlts on¢ rnonths payment due (o Mr D M Smith resigning as a trll5tee at the end of January 2025. Paymcnt was utrade tg Mt5 R Eden under the ter7Ds of Kings Peopl¢'s Church standard ternjs of employment for her iole as Pasioi. The a￿ourt[ of tbe remuneTatson paid dwing th¢ year was £23.004 (2024.. £Nil) together with pension Contributions of £428 (2024-. £Nil). Page 23 Kings People's Church Notes to the Financial Statements for the Year Ended 31 December 202S 11 Staff eosts The aggregate payroll costs wer¢ &$ folltsws: 2025 2024 Staff Costs durillg tbe year wer¢". Wages and salaries Social security costs Pension costs 390.870 22.071 9.852 354,375 14,509 9.278 422.793 378,162 Th¢ monthly averag¢ nurnb¢r of PErsons {I￿l￿dIng senior management I lead￿hip tram) employed by the eharity dursng the year expressed as full time equiyalenis was as follows.. 2025 2024 Numb¢r of staff 34 27 No employee received eM0￿ments of more than £60,(rt)O during the year. 12 Auditors. remuD¢ration 2025 2(124 Audit of the financial ststernenls 4,750 5.150 13 Taxation The charity 15 a registered clwi.ty and is therefore exempi fmn tsxation on its charitsbl¢ a¢tivitiCS. Page 24 Kings People's Church Notes to the Financial Statements for the Year Ended 31 December 2025 14 Tangible fixed &%sets Fixture4 rittiDgs and equipment Legsehold Buildiny Tot%1 C05t At l January 2025 Revaluations Additions 651,236 150,0(M) 75.¢) 487.457 583,728 .722.421 150.0 75.0(M) At 3 1 DeCem￿r 2025 876.236 487.457 583,728 .947.421 Depreciation At l January 2025 Charg¢ for the year 152.196 25.873 579.662 2.121 731.858 27.994 At 31 Dec¢mber 2025 178.069 581.783 759.852 Net book value Ai 31 December 2025 876.236 309.388 1.945 1.187,569 At 31 December 2024 651.236 335.261 4.066 990,563 ReYaluatioD During 2024. Kings People's Church merged with another charity, which included ￿king ownershsp of the prop¢rty. As part of this pr0tts5, an independent valuation of the prop¢rty was obtained from Lea Hough Chartered Surveyor5 10 deternine an appropriate fair value. At the point of transfer. the outstsnding mortgage secured on the prop¢rty was £75,W. which r¢pr¢sts the cost ot the property at the time. Following the merger. the independent valuauon ass¢s5ed the market value of th¢ property at £225,000. Legal ownership of the PTop¢ty did oot traD5fer UDtil 2025. Accordingly, the asset was iecognised in the fjnancial sratemenls tht5 year. at its fair value of £225,000. The asS￿l3t£d mortgage liability of£75,000 was also recogni5ed, the nei difference of £1S0.IK)O represenring the revaluaiion of the property. IS Debtors 2025 2024 Trade debtors Prepayments Accrued income VAT recoverable 16.207 56.859 16,280 2.949 18.868 44.135 10.854 2,461 76,318 92.295 Page 25 Kings People's Church Noles to the Financial Statements for the Year Ended 31 December 2025 16 Creditors: amouDts falling due within year 202S 2024 Bank loans Trad¢ ¢r¢ditors Other l¢)an5 Other taxatii)n and s￿￿#1 secwity Other ¢T¢ditors Aceruals Deferred incoTlle 16.831 4.075 8.333 6.388 8.730 19.034 19.132 7,456 11.018 5.585 8,033 13,921 14,625 82.523 60.638 17 Cr¢ditor5- *mouJit5 f*liing due after t)nt yexr 20Z5 2024 Kingdom Bank- Blackpool Kingdom Bank- Salford Church of England - Warrington Assemblies of God 184,859 240,217 62.500 41,667 190.899 243,415 529,243 434,3 14 The bank loans relate to three nK)rtgages the charity has for its camp￿$ in Blackpool, Salford and Wartington. The Blackpool mortga8e is being repaid monthly at an interest ratc of 9.IO•/• and is expected ¢0 be fully paid by November 2041. The Salford mortgage is beitig repaid monthly at an int¢Test rd* Of7.7￿/0 and is expec*d to be Ily paid by S¢piember 2053. Th¢ Warrington mortgage is being repaid monthly and is an inteT¢St free mort8a8e per th¢ tem)s of the agreement with the Chutch of England. The Charity also received a loan from the Assetnblies of God. The loan is int¢r¢st free, with the fiTSt re￿yrn¢nt being due in October 2026. 18 Obligations under leases The total value of future minimum lease paytnents Vds as follows: 2025 2024 Within one year In two to five year5 tn over fiv¢ years 321,676 1,286.704 1,750,049 321,676 1,286.704 1,991.306 3,358.429 3.599,686 Page 26 Kings People's Cburch Notes to the Financial Statements for the Year Ended 31 December 2025 19 Pellsion and otber s¢hem¢s Defined contribution pension Jcberne The charity operates a define41 contribution p¢nsion scheme. The pension cosi charge for the year repr¢s¢nts contributions payabl¢ by the ¢haTity tt> the gchem¢ and amounted to £9.852 (2024- £9278). 20 Funds B4lxn¢e Balance t I Other 4t31 jan￿ary Incoming Resources recogDised December 2025 resources exptDded Trattsfers gainsloosses) 2025 Unrestricted (unds GeneMI General 232.489 1.159.587 (1.194,397) 16.756 214,435 Desisnated Projects, Missions and Events 28.147 548,793 111.914 (109.285) (1.126) (15.630) 109.285 16,756 111,914 150,000 29,650 683,163 Fixed asset reserve 150.000 576,940 712,813 Total unrestricted funds 809.429 1.271.501 (1.303.682 150.000 927,248 Restricted funds Awards For All Christians Against Pov¢rty Life Ski115 Household Support Fund Grant Salford Winter Wel¢orDe Other small irnmaterial fun&% Bolton Council Wann Spac¢s Garfield Weston The B¢3tri¢¢ Laing Twst P27 Trust 15.IKKI 15.000 4.077 (4.077> 207 1.379 1.754 1.690 15,¢ 2.51KJ 15,000 (207) (314) (1,353) (1.690) {15,000) (2,5(K)) 15.(KKI 1.065 501 1.952 loo ,952 41.607 17.052 40,141) 18.518 Total fund5 851.036 1,288,553 (1,343.823 Iso,000 945,766 Page 27 Kings People's Churcb Notes to the Financial Statements for the Year Ended 31 December 2025 Balance at I January 2024 Balance at 31 December 2024 IDcomiDg resources Resourtes expended Transfers UDre5tricted funds G¢Nernl General 133,643 1,152.808 11.024.675) (29.287) 232,489 De5ignatrd Projects. Mission5 and Events Fixed asset reserv¢ 35.910 519.506 103.395 (111.158) 28,147 548,793 29,287 555,416 103,395 111,IS8) 29.287 576.940 Total unrestrieted funds 689,059 1,256,203 {1,135,833) 809,429 Restricted funds Christians Against Poverty Lif¢ Skills Household Support Fund Grant Salford Winter Welcome Other small immaterial fullds fjarfield Weston The Beatrite Laing Tnjst Bolton Council Wann Spaces P27 Tnsi 4.077 4,077 350 1,473 (1431 (94) 207 1.379 3.031 15,(KX) 2,5(X) 420 (1,697) 1,754 15,000 2.500. 740 2,440 15.000 (1.490) 1.690 15.1100 27,171 17.860 (3,424) 41,607 Total furtds 716.230 1.274,063 (1.139.257) 851.036 Matty of the restricted fijnds recesved during the year, as well as balances fvom the previous year, su¢h as G8rfi¢ld Weston and P27 Tr￿$1, are fuDds Teceived in ille aid of developing the main campus in Bolton {known as Th¢ Mill). The fijnds have been accwnulated over the year and were sp¢ttt during 2025 as th¢ work on The Mill begart. Page 28 Kings People's Church Notes to the Financial Statements for the Year Ended 31 December 2025 21 ADalysis of thet assets betwee• funds Total funds at 31 De¢enther 2025 Ullrestricted fuRds General Desigllated Restricted funds Tangible fixed assets Current assets Current liabilities CreditOTS over l year 1.187,569 29,651 (16,831) (487,576) 712,813 1,187.569 369.963 (82.523) (529.243) 321.794 (65,692) (41.667) 18.518 Total net Lssets 214.435 18.518 945,766 Total funds at 31 De¢ember 2024 UnrestTl£ted I￿lld5 General Designated Restricted funds Tangible fixed assets Current assets Current liabilities Creditor5 over l year 990.563 28.147 (7.456) (434.314 576.940 990.563 355,425 (60,638) (434,314) 851.036 285.671 {53,182) 41.607 Total net assets 232,489 41.607 22 Related party tr#nsactioos Relat¢d party transactions that I￿k place during the year. Mr D Smith was a trustee of kn'ngs People's chU￿h befor¢ resigning at th¢ elld of January 2025. The spouse of MF D Smiih 15 Mrs G Smith. who is employed wilhin the charity. The total remunetaiion ieceived during this time, including employerfs Natiot)al Insurdnce and employerfs pension. amounted to £2.605 (2024.. £31,263). Mr5 R Fisher is a trustee of Kings People's ChuTcIL. The spouse of Mrs R Fish¢r is Mr T Fisher. who is ernployed within the charity as the Finat)¢e Managei. The iotal remun¢ration r¢ceived. including employevs Natio￿al lllswance and eEuploy¢rfs pettsion. anwted to £24.l26 {2024.. £20,848). Page 29