Charlty reglstration number 1120001 {England and Wales) Company registration number 06129881 KINGSLEY HALL CHURCH AND COMMUNITY CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 KINGSLEY HALL CHURCH AND COMMUNITY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Mlthiradaas K Clare E Kangelhe N Singleton Mr Paul Whitnall Mr l Kiang Mr T Mohammed (Appointed 18 September 2024) (Appointed 18 Septembei 2024) (Appointed 18 Seplember 2024) (Apt)oinled 7 April 2025) (Appoinled 7 April 2025) Senlor management C Kapnisls R Keane S French J Smilh Director Director of Operalions and Finance Pre-school Manager Executive Ch8f Charlty number 1120001 Company number 06129881 RegiBtèred offlcè Klngsley Hall Church and Community Centre Parsloes Avenue Dagenham Essex RM9 5NB Audltor Calon Fry & Co Lld Essex House 7-8 The Shrubberies George Lane Soulh Woodford London E18 18D KINGSLEY HALL CHURCH AND COMMUNITY CENTRE CONTENTS Page Welcome from the Chair Trustees. report Statement of Trustees, responsibillties Independent auditorfs report 8-10 S181em8nt of financial actlvllles Balance sheet 13 Slalemonl of cash flows 14 Notes lo tho financial slatemenls 15-29 KINGSLEY HALL CHURCH AND COMMUNITY CENTRE WELCOME FROM THE CHAIR FOR THE YEAR ENDED 31 MARCH 2025 11 has been my prlvllege lo serve as Ihe volunlew Chair of Ihe Truslees of Klngsley Hall Church and Community Centre for len years, l am Certain Ihal I have learned jusl as much as I have conlribuledl This local Christian charlly reslores people and helps Ihem physically. mentally, emolionally and spiritually. 11 has laughl me rt￿Ch aboul Ihe opporlunilies, challenges and joys of working with and lor people who lace daily challenges in how Ihey can suslain Iheir lamilies, lind and keep me8nlng(ul work. b8 eltecllve parents. ollen when 11)ey have no wider wpporl nelwork ol famlly or Iri8nds ol Iheir own. Our work is so imporlanll 11 has been our ambilion and intention lo return Kingsley Hall lo local ownership and governance, and this year we have flnally achieved Ihat - a triumph patience and persislence. We are graleful for Ihe cover of oversighl and support that Shafl85bury has provlded over the years. They became involved when Klngsley Hall could not sland on Ils own feel, lor which rescue we are so graleful. And now we have built a balance sheet and a busiross. 11 has been good lo return Kingsley Hall lo ils roots. Thanks arè due lo them for Iheir diligence. For mysell. Ihls achlevement marks the end of my long association with Kingsley Hall. Thi51s my last annual report., l am glad th81 P8uI Whilnall has agreed lo lake on the manlle. l am most graleful lo my fellow trustees and lo our excepllonal Dlreclors. Cliris Kapnisis afid Rod Keane, and lo Ihe slalt. Togelher we have shown whal Chrlslian failh In acllon can achleve. We are grateful loo lo the staff ol the London Borough of Barking and Oagenh8m for their support fundlng; and also lo our olher funders, notably Turn2Us, The Jack Pelchey Foundation. The GLA. Feeding Brilain, L8BD Early Years. We81 Hlll Endowmenl and The Hobson Charily. We had some excepllonal costs in the year: Slgnlficanl costs associated wllh bringing the Shaflesbury relallonshlp lo an end,. and We also decided lo invesl in enlarging and slrenglhening our middle managernenl leam. We al80 hav& continued lo pursu8 our long-standing commilm8nl lowafds improved rales of pay, And most nolably, as an exc6Plional cost. We have added a second sSle in Ihe VS118ge ward. a place of need and slgnlllcance, Invesllng In the recovery and upgrade ol a closed church premises and providing some of the same seryices as al our maln slle. The slle has been fully renovaled lo an oulslandlng slandard, Includlng greal ouldoor play areas, br8akotsl me&llng rooms, gxlernally and Ils main publlc communily areas. 11 has been restored back lo lile and wlll be a fanlasllc communlly asset agaln for many years lo come. So, this year has seen a planned deficit budgel. Following a number of years of surpluses, over Ihe pasl Iwo yeats we have Suffered deficits as we delivered lurlher social reinveslmenl back into our communilios, leading wilh our finances, psjlling our fallh In acllon, lo Increase our social impacl for those we seek lo sèrve. We are hopeful Ihal the Investments wlll be repaid wllh growth In our aclivilies, incomes. and Impacl In th8 years ah8ad Ihough have projecled anolher delicil for Ihe forlhcoming year. We are mlndful of our Chrlsllan heritage and ¢elebrate once again how Ihe underfwng principles of our founders ninely-slx years ago, the Lesler sisters and their various successors over the years. sustain us in these challengin9 Ilmos. The leam looks loThvard lo furlher sustaining and developing Ihe work as tho centenary of our fcunding looms over the horizon. Leonard Beighlon Chalr of Trust8es for the year KINGSLEY HALL CHURCH AND COMMUNITY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Tha Trustees present their annual report and financlal slalemenls for the year ended 31 March 2025 which are also prepared to meet the requirements for a dlreclor's report and accounts for Companies Act purposes. The financial slalemenls have been prepared in accordance with Ihe accounting policies sel out In note 1 to Ilte financial slalemenls and comply with the charity's Memorandum and Articles of Association, the Companles Act 2006 and Accounting and Reporting by Charities: Stalemenl of Recommended Practice applicable to charllles preparing Iheir accounts in accordance with the Flnancial Reporting Slandard applicable in the UK and Republlc of Ireland IFRS 102) {8ffeclive 1 January 2019). Objectlves and actlvllles Klngsley Hall Church and Community CenlTe, situated in Ihe London Borough of Barking and Dagenham, operates as an indèpendenl charity performing work ol a social and educational and rellgious nature for the benefit of the local resldenls. Our mission statement is that of striving for excellence in all aspecls of our work with children. adults and elderly frall people. Our elhlGg1 purpose is that of Christianity in action. When planning our aclivilies for Ihe y6ar, th6 truslees have considered the Charity Commission's guSdance on publlc benefit and, in particular. the specific guidance on charilles for the advancement of religion. Achlèvements and pèrformance 2024-2025, has been one of Kingsley Hall's most significant years In ils 96 year history In many ways. SIGNIFICANT YEAR FOR OUR L VEWELL FLAG 11 has been the year when our new LIVEWELL Centre al our Parsloes sile really came lo Ilfe. reaching more residents and underrepresented communities, selling the pace as parl of our rapldly changlng borough. We welcom8 100,000 plus visilois a year. Impact has Increased through some of the following areas of development: OUR EXPANDED FOOD OFFER We were gr21eful lo our local aulhorily LB8D and Ihe GLA who collaboralivety selecled Kingsley Hall as one of Iwo anchor food bases for our borough, lo recelve funding which supported (he expansion of our kllchen area to inlroduce a pizza oven as part of our pizza and grlll-b8s?d STREET KITCHEN evening and weekend openino. Thi5 is enabling exlended reach to a wider demographic engaging more students. working people and many people th81 really need communlly connection In accessible hours offered throughout Ihe week. The impact projects a STREET KITCHEN Teach of 24,000 visllors a year increasing incrementally from 6,000 visitors a year over Ihe past Iwenty-four monlhs since the previous year. 11 demonstrales the buzz of communlty life as many desligmalised ar￿ dtscreel vital inlervenlions lake place in Ihls safe and welcomlng selling around the fellowshlp of fo(xl. Findings confirm Ih81 where there Is a sense of ¢onneclSon, Injst and belonging, communilies become more resllienl and stronger. Our Soc121 Supermarkel was rebranded during the year as THE SHOP, as part of a co-design process wllh people with lived experience of food poverty. THE SHOP was also repositioned to our couriyard giving il a street f8clng more focal and acc&ssible offer for all. 11 has been filled out wilh a wooden whole food shop feel all aimed at dlgnifying user experience. THE SHOP also inlroduced a Club Discount membership which galhers user dala lo improve our wrap around supporl and reduce food wasle Ihrough notifications of special offer giveaways. STREET KITCHEN and THE SHOP were also filled with great new illuminated signage all aimed 21 increaslng corrmunlty eng8gemenl. KINGSLEY HALL CHURCH AND COMMUNITY CENTRE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 OUR EXPANDED EARLY YEARS CAPACITY Other features of our Parsloes silo included renovating spaces to creaie a baby room for our new dl year nursery offer and expanded pre-school. Along with our new Pre-school setting at Village sile, in 25-26 we will increase our number of childcare spaces across our sites from CUT￿nt 72 places to 168 places and from term lime only to 51 weeks a year. We algo Introduced our Fabric Lab, community sewlng suile as a new addillon to our seNices. IGN TYE Exlenslve renovations have been undertaken lo improve Ihe newly a￿uIred church and community sile at Charlotte Road in Village ward two mlles from our Parsloes sile. A new church communlty was planted following tha appointment of new Chvrch lead Marshall Cross in June 2024. Marshall and his family relocated from Ireland and following a season of connecting with local neighbours launched church meelings in October 2024. In this year a new church commun51y of approxlmalely 40 people had formed. The sile has also been prepared for Kingsley Hall lo launch a 48 place Pre-school whlch will launch for autumn term 2025. Kingsloy Hall slopped up inlo the most subslanlial Season of planned relnveslmenl back into ils borough through exp2ndlng by Invosling In PEOPLE. PLACES & PROGRAMMES. This has included investing into a growing slaff team and key developmenl roles lo enable Iha growth polonli81 through our Food programmes, Care programmes and Childcare with community engagement and pathways lo faith and wellbeing fl¢)wing through il all. This has created pipelines wllh the potential for growlng. subslanlial Impa¢l in line with our sl(ategic vision for our centenary position of Impact for 2029. Investment has been heavy, and relurns are being carefully monito￿d and are undergirded by our Rlsk Register miligaling aclions lo adapt cosl and delivery lo protecl our financlal health. GOVE In March 2025, Klngsley Hall compleled ils planned demerger fiom Shaflesbury's. W8 wish lo thank Shaftesbury's lor Iholr support as 8 parent chafily following a long alfilialion and the agreement of both charllles 8t)d wllh Independenl linanclal and governance review that is the ideal time for Kingsley Hall lo now funclion Sndependenlly. We have a greal local heritage of 96 years. a strong and well-respecled local identity. substanlial asset base and an experienced and slabla sanior leadership loam al Board and Executive leval. This year also marks Ihe reslgnalion due lo rellremenl of our Cheir Leonard Beighlon following 10 years of oulslanding Board le8dership, Under L&onBrd's tenure. Kingsley Hall successlully compleled ils whole sile redevelopment vlslon and has grown in impacl, repulalion and value. Kingsley Hall extends ils sincore gralilude lo Leonard and he wll forever be a significant friend and slakeholder in Ils success. Leonard is succeeded by P8uI Whilnall as incoming Chalr as Ihe charity enters into an exclllng and challenging next chapter in maklng a dlfference. As always, il so hard lo captur8 Ihè essencè of impact Ihat Kingsley Hall enables as il Is deeply personal lo each connoclion, one life al a limo. Nonè of this would be possible wilhoul thè g8nerosily and support of our amazing Board, staff team, volvnléérs, parlners, community networks. donors and funders. KINGSLEY HALL CHURCH AND COMMUNITY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 IFFERENCE JUR WORK MAKES A recent Independent Focus Group undertaken by award winning social injuslice influencers The First Love Foundallon, published the followlng feedback of Iransformalions. One partSclpanl, who had not spoken to anyone outside hèr home for over a decade. shared, "I was Indoors for 12 years... bul when I came here, I spoke lo loads of people.. Another recounted how the community helped her, and her children move out of a dlfficull housing situation, support she said she wouldn't have received without Kingsley Hall. The hall has also lacililaled meaningful projects. such as local mapmaking, which not only brought re8idenls logelh6r bul created a lasling sense of collaboration and pride. In on8 parlicu18rly heartlell moment, a participBnl described the care he received from Kingsley Hall 3fler losing his wife- Yhey g8ve me the care that no other company would have." These stories illuslrale how Kingsley Hall is not just me8llng praclical needs. but also helping people rebulld their lives and identities. Flnan¢lal rèvlèw The net deficit was £467.140 (2024: Deficit £214,510). Total funds were £5.836,629 {2024'. £6,303.769). Closlng cash balances al the year-end were £554,792 (2024: £986,569). Nel current assets at the year-end were £506,087 (2024- £1,204,241). The Trustees note Ih21 there h8$ been significant d&ficils in the pasl Iwo years and so in Ihe current year we have implemented plans lo return the results lo surpluses using a mixture of cosl culling and Income generaling exercis85. On this basis Ihe Tiuslees have a reasonable expecl8lion Ihal the charity will continue in operalion£l exlslence for the foreseeable future and so conlinue lo adopt Ihe going concern basls of accounting in preparing Ihe financial slalemenls. The funds are available as follows: £1,735,056 {2024.' £1,812,346) Ss Invested In permanently endowed land and buildings owned by Kingsley Hall Dagenham, a linked charity. £2,080,472 {2024.' £2,652,979) festricled lunds is associaled wllh the operation of the pre-school acllvllles and other operational aclivS1ies as well as fund lied up with the redevelopmenl work on land and buildings where funders have a reslriclion on any disposal of the land and buildings. £2,021,101 (2024- £1,838,444) of unreslricled funds of which £2,28S,940 {2024 £2.070,621) is held in fixed assets wlth a loan secured against Ihese assets of £491.425 (2024 .- £698.097). The charity has free reserves. being unreslricled reserves excfudlng assels and the related loan. at the year-end of £226.586 12024.. £456,920) which may be used for purposes in line with the charity's objects as decided by the Tiuslees. The rosewes policy is lo have a minimum of 8-12 weeks of unreslricled expenditure. Currenlly the free reseTves represent approxlmatgly 8 weeks of expenditure excluding depreciation. The trustees have Ihe authority to invest Ihe charily's resources as appropriate. There are no restrlcllons on lh& chaiily'8 power lo inv8sI. The slralegy ol the charity is lo invesl in Iow-risk cash balances. The interest eaTned by the charily durtng the year from cash balances amounted to £11,701 (2024.. £20,376). We have assessed the major risks lo which Ihe charity is exposed. in particular those related lo ihe opeialions and finances of the charity, and are satisfied that systems are in place lo mitigale our exposure lo Ihem. KINGSLEY HALL CHURCH AND COMMUNITY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods The coming year provides great opportunities lo m8ke Ihe adapllons that will start to produce the returns of on our Inveslments of the past years in terms of impaci and financlal performance. Our Chlldc2re offor wlll Increase to all year nursery provlslon and expanded Pr&school from our Parsloes sile and Ihe launch of our new Pre-school from our Villag& sSle. Our Slreel Kitchen will continue lo grDW as an all-week daytime and evening offèr. New community inilla*lves lo support our OPEN ALL HOURS approach includes the launch of our Commur)ity Cinema, community games and lalenl showcasing and lunded crisis intervenlion support. healthy welght management and community re¢re8tion programmes including Pllales, body balance and walk and talk sessions. We also plan lo grow our food sourclng capacity as a key partner of a new LBBD food dopol whlch will provide weekly supplies of donaled foods and loilelries for us lo disliibule through THE SHOP and BD Food Nelwork. We will carefully monitor financial performance as we come out of our heaviest period of investment and slart to see flnan¢lal enablement towards our 2029 Cenlenary position of gfowlh. The courageous steps th81 we have taken have produced the dellvery v8hlcl&s to gN8 expression lo our vision of Helping Communilles Llvewell. This is our passion for enabllng communilies where people want to live. and io live well, By 'living well, we mean ¢realing opportunities for lo¢al people lo fijifil their polentlal Sn educallonal. emotional. physical, social, spiritual and vocallonal wellbeing, Klngsley Hall will m¢)dg1, prototype and tesl example6 of liveable communiiles that demonslrdto uplift of local people 'Ilvlng well, We will conlinue lo conlribule lo LBBO borough-wid8 ne￿OrkS and inilialives, and lo surrounding ara85 of ouler east London. We will measure change and share learning locally. reglonally and nationally lo help shape fulure vision for the faith and voluntary sector. Our operations wlll be faSlh-fllled and enlerprlslng lo deliver buslness models that arè self-suslainlng or underpSnned by commilled funds from a variely of souices. We recognise that wilh opportunity comes responsibility and we will continue to expand and share rrDd815 of Ilveable communities Ihal can conlribule lo significant and scalable social Iransformallon. structure, governance and management The chafily is a company Ilmiled by guafanlee and is governed by ils Memorandum and Articles of Associallon daled 14 Febru8ry 2007, amended 27 June 2007, 20 July 2016 and 31 March 2025. The Truslees, who are also the directors for the purpose of company law, and who served during the year and up lo the dal8 of signaturè of the financial stalemanls were: Mr L Beighlon S Milhiradaas K Clar6 E Kangelhe N Singleton Mr Paul Whilnall Mr l Kiang Mr T Moh3mmed (Restgned 7 April 2025) (Appointed 18 September 20241 (Appointed 18 September 20241 (Appoinled 18 September 2024) (Appoinled 7 April 2025) (Appoinled 7 April 2025) KINGSLEY HALL CHURCH AND COMMUNITY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Charfly's Board of Trustees compTlses beiw88n thre8 and slx members appointed by Llvability, reglstered charlty numbar 1116530. Trust88s hold offic8 for a maxlmum tèrm of three y8ars, followlng which they are ellgible lor reappolntment by Llvablllty. The Inductlon of new Trustees Is managed by other members of the Board, wlth support from the Company Secretary and Cenlre Director. The induckn'on arrangements cover essential knowledge includlng Ihe hlstory and Christlan ethos of the Charity. Its misslon and values. Th8 Board may delegat& powers to standing committees, but currenlly Ihere are N) such cornmittees. Th8 Board has employed a Centre Director to lead the operatlon81 work of the Gharlty. Audltor In accordanca wllh Ihe comp8nYs 8rtides. 8 r8801ulion proposkng that Calon Fry & Co Ltd b8 fèappolnted as audltor of the company wlll b8 Put at a General M88tlng. Small company oxempllons Thls report has been prepared and delivered In accord8nce ￿th Ihe prov181on8 of Part 15 of th8 Companio8 Act 2006 applicabl8 to compan18s subject to th8 small comp8ni88' reglme. Dlsclosure of Informatlon to eudltor Each of the Trustees has confirmed Ihat Ihera Ss no Infomiatlon of whlch they are awar8 which Is r818vant to th8 audlt, but of whlch the audllor Is unaware. They hav8 furlher conflmied that they have taken approprlate sleps to Idenllty 8uch relevant Information and lo e8tabll6h Ihat the audltor18 aware of such informatlon. 8te88' R as approved by the Board of TN8tees. Whlln811 U8te 19 November 2025 KINGSLEY HALL CHURCH AND COMMUNITY CENTRE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. who are also the directors of Kingsley Hall Church and Community Centre for the purpose ol company law. are responslble for preparing the Trustees, Report and the financial slalemenls in accordance with appllcable law and Unlted KSngdom Accountlng Standards {United Klngdom Genorally Accepted Accounting Pracllce)- Company law requires the Trustees to pyepare linancial stalemenls for each financial year which give a IruÈ and falr view of the stale of affairs of the charity and of the incoming resources and applicalion of resources. includlng the Income and expenditure, ol Ihe charitable company tor Ihat year. In preparing these financial slalemenls. the Trustees are r￿vIred lo.. select suitable accounting policies and then apply Ihem consislently., observe the methods and Principles in the Charities SORP 2019 (FRS102): make judgements and eslimales that are reasonable and prudent., and prepare the financial slalemanls on th& going concern basis unless it is Inappropriate lo presume that th8 charity will continue In operalion. The Truslees are Tesponsiblo foi keeping adoquale accounting records that disclose wilh roasonable accuracy at any lime the financial position of the charity and enable them lo ensure Ihal the financial slalemon ts comply wilh Ihe Companles Act 2006. They are also responsibl8 for safeguardlng the assets of Ihe Ghgrily and hence for laklng reasonable steps for Ihe prevenllon and delecllon of fraud and other Irregularilles. The Trustees are responsible for the malnlenance and integrity of the charity and Ilnancial information Included on the charity's website. Legislalion in the Uniled Kingdom governing the preparation and dissemlnallon of flnanci81 slalemenls may dlffer from legislation In olher Iufisdictlons. KINGSLEY HALL CHURCH AND COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KINGSLEY HALL CHURCH AND COMMUNITY CENTRE Oplnlon We have audited the Ilnanclal statements of Kingsley Hall Church and Communlty Centre for the year ended 31 March 2025 whlch comprise the Slalemenl of Financial Activities. the Balance Sheet. the Slalemont of Cash Flows and Ihe notes lo the flnancial siatem6nls, including a summary of signiflcanl accounting policies. The financlal reportlng framework that has been applled In Ihelr preparation is applicable law and Unlted Klngdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in th8 UK and Republlc ol Ireland (Uniled Kingdom Gener811y Accepted Accounling Practice). In our opinion, the financial slalemenls: give a Irue and fair view of the slate of the charilable companvs affairs as at 31 March 2025 and of its Incomlng resources and application of resources, including ils income and expenditure, for the year Ih6n ended: hav8 been properly pr6pared In accordance wllh Un118d Klngdom Gonorally Accèpted Accounting Praclirk; and have been prepared in accordance wlth Ihe requirements of the Companles Act 2006. Bas1$ for oplnion We conducted our audit In a¢¢ordance with International Standards on Audiling (UK) {ISAs {UK}} and appllcable law. Our respnnslbllilies under those slandards are furlher described in the Auditor's responsibiliiies for the audit ol the financial slalemenls secliortr of our report. We are independent of the charily in accordance with the ethical requirements that are r8levanl lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihal lh& audit 6videnc& we have obtain&d is sufficient and appropriate lo provide a basis for our opinion, Con¢luslons rèlatlng to golng cone8rn In auditing the financial slalemenls. we have concluded thal Ihe Trustees, use of the going concern basls of accounling in the preparation ol the financial slalemenls is appropriate. 8ased on Ihe work we l)ave performed, we have not identified any material uncerlainlies relating lo events or condilions that, Indlvldually or oollecllvely. may casl slunificant doubt on the charily's abilily lo continue as a golng concern for a period of al leasl twelve months from when the financial Slalemenls are authorised for issue. Our responsibilities and Ihe responsibilil*s ol the Trustees with respecl lo going concern are described in the relevant seelions of Ihis report. Other Information The Irusle6s ara rosponsible for Ihe olher infoimalion. Tho other infoTmalion comprises Ihè Information included in th& Welcoma from the Chair and the Truslees. Report. Our opinlon on tho financlal slatem6nls doas not covèr Ihe olhar information and. except lo the exlenl olhetwise explicilly stated in our report, we do not express any IOTM of assurance conclusion Ihereon. In connection with our audit of Ihe financial slalements. OUT responsibility is lo read the other informalion and, in doing so. consider whelher Ihe other informalion is materialty inconsistent with the financial slalements or our knowledge oblained in Ihe audit or otherwise appears lo be malerially misslaled. If we identify such material Inconsistencies or apparenl material mlsslalements. we are required to determine whether there is a material misslalemenl in Ihe financSal slalements or a malerial misslalemenl of the other informalion. If, based on the work we have perfoTmed, we conclude that there is a material misslalement of this other information, we are required to report that fact. We have nolhing lo rep￿t in this regard. KINGSLEY HALL CHURCH AND COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KINGSLEY HALL CHURCH AND COIVIMUNITY CENTRE Oplnlons on oth9r matters prescribed by the Ctsmpanlès Act 2006 In our oplnion. based on the work undertaken in the course of our audit: Ihe information given In the Trustees. report for Ihe financial year for which the financlal statements are prepared. which includes the directors, report prepared for Ihe purposes of company law. is conslslent with the nanclal slalemenls; and the dlrectDrs' report included wilhln the Trustees, reporl has been Prepared In acLx)rd8n￿ with appllc8bl6 leg81 requlremenls. Matters on whlch wè are requlred to rèport by excèptlon In the light of th8 knowledge and understanding of Ihe charitable company and ils environrr￿nI obt8ined In Ihe course of the audit, w8 have not identified rnalerial mlsstalemenls in the Iruslees report. We have nolhlng to report In respect of the following mallers in relalion io whlch the Companies Acl 2006 requires us lo iepoil to you if, our opinion: adequate accounting records have not been kept by the charilable company., or the charitable Company financial slalemenls are nol in agieement with the acwunling records and returns., or certain dlselosures of Iruslees, remuneration specified by law afe not made: or we have not received all the information and explanations we require for our audit: or the Trustees were not enlilled lo prepare the financial stalemenls in accordance wilh the small companles regime and take advantage of the small companies. exempltons In preparing Ihe Trustees. report and from the requlremenl lo prepare a strategic report. Responslbllltles of Trustees As exp18ined more fully in the slalemenl of Trustees, responsibilities sel oul on page 7. the Trustees, who are also the directors of the charity for the purpose of company law. are responsible for the prep8rallon of the Ilnanclal slalements and for being salisfied that Ihey give a Irue and fair view, and for such inleinal control as the Trustees determine is necessary lo enabl8 Ihe preparallon of financial slalemenls Ihal are Ir&e from material misslal&ment, whether due to fraud or error. In preparing (he financial slalemenls. the Trustees are responsible for assessing the charlly's abSllty to conlinue as a going concern, disclosing. as appllcable, malleTS related lo going concern and using Ihe going concern basis of accounting unless the Truslees either intend to liquidalo the charllable company or lo cease operalions, or have no realistic alleinative bul lo do so. Auditor's responslbllltles for the audlt of the Ilnancial stalements Our obleclive5 are lo obtain reasonable assurance about whelher the financial statements as 8 whole are fre8 from malerial misslalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our oplnion. Reasonable assurance is a high level of assurance bul is nol a guarantee that an audit conducled in accor(Sance with ISAS (UK) will ahvays delecl a maleTial misslalemenl when it exists. Misstatemenls can arise from fraud or error and are consideied malerial if. individually or in the aggregate, they could reasonably be expected to influenc& the economic declslons of usors taken on the basis of these finandal slalements. Irregularltie8, including fraud, ale instances of non•compliance with laws and regulallons. We design procedures in Ilne wilh our responsibililies. oullined above, lo delect material misslalemenls in respect of irregularllles, Including fraud. The exlenl lo which our Procedures aro capable of delecling irregularities. including fraud is delalled below: Based on our underslanding of the charilable company and Ihe environment in which11 operales, we identified th81 the principal risks of non-compliance with laws and regulations related to Charity Law, Ofsled, GDPR, employment law and h&allh and safely regulations and we considered Ihe exlenl lo which non.compliance might have a malerlal effect on Ihe financial stalemenls. We also considered Ihose laws and regulations Ihal have a direct impact on Ihe preparation of the financial slalements such as the Charities Act 2011. Charities SORP IFRS1021, Companie5 Act 2006 and payroll taxes. KINGSLEY HALL CHURCH AND COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KINGSLEY HALL CHURCH AND COMMUNITY CENTRE We evaluated management's incentives and opportunilie$ for fraudulent manipulation of the financial slalemenls (including the risk of override of controls) and the recognil¢on of income. Audit procedures perf￿Med by the engagement tèam Included- Enquiries of management regarding correspondence with regulators and lax aulhorilies., Discusslons with management including consideration of known or suspected instances of non (683,624) Net a88et• 5,836,629 6,303,769 Capltal funds Permanent Endowmenl Fund8 Income funds Re$trlcted funds Unrestrlcted funds 16 1.735,056 1,812,348 16 2.080,472 2,021,101 2,652,979 1,838,444 5.836.829 6.303.769 The notes on pages 15 to 29 form part of the88 ftnanc181 statements. The88 fin8nclal Statements have been prepared In accordance with Ihe provl8lon8 applicable to companles 8ubjecl to th8 small Companie8 reglme. Th nclal statem ts wer8 approved and authorfsed for issu8 by th8 Truste88 on 19 Novemb8r 2025 ul Whllnall pany reglslrallon numbor 06129881 KINGSLEY HALL CHURCH AND COMMUNITY CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltSes Cash absoibed by operations 20 (92,615) 1342,157} Investlng actlvltles Purchase of tangible fixed assets Investment income received (163,431) 76.681 (453,8191 69,156 Net cash used in investing activities (86,750) {384,663) Flnanclng a¢tlvltle$ Repayment of bank k)ans Inter8sI on financing aclivilies {206,842) 145,570) (14.533) 159.823) Net cash used In flnanclng a¢tlvltles {252,412) {74.356) Net decrease In cash and cash equlvalents {431,777) 1801,1761 Cash and cash equivalents at beginning ol year 986,569 1,787,745 Cash and Cash •quivalentB at end ofyear 554,792 986,569 The notes on pages 15 to 29 form part of these financia5 slalemenls. 14- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charity information Kingsley H811 Church and Community Centre is a private company limlled by gu8ranlee incorporaled in England and Wales. The registered office is Kingsley Hall Church and Community Centre, Parsloes Avenue, Dagenham. Essex. RM9 5NB. 1.1 Accountlng convention The financial slalemenls have been preparod in aCCOTdance with the charivs Memorandum and Articles of Association, tha Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in aCCOTdance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). {effecliv6 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared In sterling. which Is Ihe lunclional currency of the charfty. Monetary amounts in Ihese financial slatemenls 8re rounded lo the nearesl £. The flnancl81 slatamenls hav6 b8en prepared under the historical c051 convention, The principal accounllng pollcles adopted a￿ set out below. 1.2 Going concern For the cur￿n1 and previous year, the charity has undertaken a pfanned relnveslmenl of its r6souicos into ils Places, People and Projects. This has enabled new opporlunilies which the Trustees believe will produc Return on Inveslmenl, bul Ihe heavy inveslmenl has resulted in significanl deficits. Theiefore, the Trustees have Implemented Recovery A¢ltons in line wilh ils documenled Financial Risk Register Miligallons. This Includes a package of income generallng renlal increases 8nd expenditure reduclions Ihfough staff iedundancies and other cost culling exerdses along wilh market entry of our new projects lo increase Income. With the successful implem8nlalion ol the plans and with liabilities being paid as Ihey fall due the Trustees have a re8sonable expeclalion that the charity will continue in operational existence for the foresee8ble future. Therefore, Ihey conslder th81 these linanclal slalemenls should be prepared on Ihe going concern basis. 1.3 Charitablo lunds Unreslrlcted funds arlse from income donaled lo or earned by th6 d)8rily in pursuit of its charllable Dblecls and may bo appllèd In any way that meels Ihoso charitable Ob￿Cl$. Reslrlcled lunds are those funds Ihal are available for specific. reslricted purposes wllhln the overarchlng charilable oblecls of the charily. Restricted funds arise from conditions allached to them by the donor or the aclivily generating the funds, by dellberale requests lor such funds by the charily. Reslricled endowment lunds represent assets that are intended by their donor lo be retained and used by the charity lo pursue Ils oblecls eilher by ils use or by generating income. Transfers between funds are made when a reslriclion has been extinguished, as payment for the use of land, buildings and management support. and lor ￿ntaI$ generated by investment properties that are used lo support the unresliicted activities of Ihe charily. 1.4 Income Donations, leg8cies and granls Income from donations. legacies and grants are recorded in Ihe financial slalements when entitlement lo the income is eslablished, il is more likely than not that the income w(11 be received and the amounl lo be received can be rellably estlmaled and any conditions required lo receive the funds have been met or are within the conlfol of the charity. In practice. for most donations income is recognlsed when received. 15- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Contlnued) Legacies are recognised following the principles of income rocognition used for olher donated inc¢)me. Enlillement is taken lo be confirmed by grant of probate over the estate of the donor: probability of rec61pl is judged on 2 combination of probate and knowledge of the valuation of the nel es121e and the amount to be recelved is assessed based on probate and the valuation of the estate. Where a life inlerest in an Èstate exists, no Income is recognised other than from distributions from Ihal eslale lo Kingsley Hall. Granl income is recognised once the Charity has enti118m6nl to Ihb Incoma. it Is probable that th6 income will be received and the amount of income receivable can be measured reliably. Income from charilable activilies Where the charlty provides s8rvic&s or goods in return for payment. the income from these items 18 recognised when charily comp1818s ils parl of lh8 agreem&nl by deliveiing Ihe services or goods. Renlal income Rental income is recognised on the received basis. 1.5 Expendltur• All expendilure Is Bccounled for on an 8ccru81s b8sls and has been Ilsled In such a way as lo accumulate all the charity's cosls of employees, goods and services relating 10 8 parlicular activity ol the charlly under that aclivily heading. Direct costs, including allribulable salaries and associated cosls, are allocated on an actual basis to the areas of activity. 16- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pollcle$ (Contlnuedl 1.6 Tanglblè fixed asset$ Tangibl6 lixed assets are significanl physical items of properly. plant and equipment held for continuing uso by the charity in deliveiing ils charitable objectives. Recognilion A l¢ingible fixed asset is recorded in Ihe accounts at cost induding irrecoverablo VAT when the cost of the assel can be measured reliably and il will be of benelit ir) delivering chaTilable objeclives. Fixed assets whose valuation has been taken as Iheir deemed cosl at transitlon lo FRS 102 and Charities SORP FRS102 were valued al their existing use value. Separa18 componenls The charily holds fieehold buildings wilh significant components Ihal have malerialty different useful lives from Ihe rest of the building, These components are depreciated separal&ly over their individual lives at the following rates.. Main Fabric- 100 years Pitched Roof - 70 years Flat Roof- 40 y6aTS Windows and Doors- 40 years Boilers and Healers - 15 years Mechanlcal systems - 30 years Kilchens - 20 years Eleclrlcs - 40 years Alarm and Security - 15 years Olh9r nx8d 8ssels Olher18nglble flxed assets are depreclaled 8veTrSy to Ihelr expecled residual values over Ih6ir expecled usèful lives as follows.. Equipment, fillings and furnilure be￿eeTh 5 10 10 years. (2024 . 10 years). The Trustees reviewed the dopreclallon policy for certain items included in Ihe above category In the yoar and In partlcular the expected useful lives of short term assets and amended the policy for Equipmenl. fittings and furniture lo 5 10 10 years from Ihe 10 years relaling to Ihe previous period. The residu81 value of all assels is assumed lo be zero other than for land where11 Is assumed lo be oqual to the ￿6t of Ihe assel. 1.7 Impalrment of fixed assets Al each accounts dale, the recoverable amounts of assels are assessed lo delermine whether Ihey have fallen below their carrying values. When the recoverable amounl of an assel falls below ils carrying amount, the value of the asset is said lo be impaired. The carrying amount is reduced lo the recoverable amount with the loss In valve reported in income and expenditure. The recoverable amount of an asset is the higher of the amout)t that can be generated by uslng the assel or by selling it. When assesslng the recoverable amount of purchased goodwlll. the cash Itows artsing from the group of assets that make up Ihe cash-generaling unit in an enlily comblnallon are used to assess Ihe amDunl generated by using the assets. The amount attributable lo goodwill is taken lo be the excess of the recoverable amounl of Ihe cash-generaling unit over Ihe fair values of Ihe individual assels in the cash- genefallng unil. 17- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IWARCH 2025 Accountlng pollcles (Continued) 1.8 Flnanclal Instruments Financial instruments are conlracls that give iise lo a financial asset for one party to the contract and a financial liability or equity inslfumenl for Ihe other party. Baslc Ilnanclal assets Kingsley Hall ha8 basic financial instruments that arg recognised whan the provisions of the contract are m6t and for which the accounllng pollcies af6 as follows- Trad8 debtors and olher amounls receivable Trade debtors and other amounls receivable are recognised al Ihe value defined by the conlr8cI, agreement or legislation giving rise lo Ihe amount receivable. 8a51¢ financlal Ilabllltl8S Trad& credllors and olher amoun¢s pay8b18 Trade creditors and other amounts payable are recognised at the valu6 defined by the conlr8cI, agreement or legls181ion giwng rise lo the liabilily. Olh8r Financial Instrumenls The charity does not hold any flnanaal Insl(uments deflned as olher by FRS 102. 1.9 Taxatlon The company is a charily wllhin Ihe m6aning of Para 1 Schedule 6 Flnance Acl 2010. Accordlngly the company is polenlially exempl from laxalion in respect of incom8 or capital galns within calegor18S COV8red by Ch8pler 3 of Part 11 of Ihe Corporallon Tax Act 2010 or Secllon 256 01 Ihe Taxalion of Chargeable Gains Act 1992. lo the exlenl that such income or gains ar6 applied exclusiv&ty lo charllable purposes, No lax charg8 afose In tho peilod. 1.10 Employe8 b8neflls The liabillty to pay short-lerm employee benefits. which are mainly salary. the enllllemenl to P81d leavo and related employmenl taxes, is recognised as the employees earn enlillement ts pay and pald leava under th6 terms of thelr employment conlracl with a corresponding exp&nsÈ recognised In expenditure. An)ounls pald are deducted from the liability when paid. 1.11 Retlrement benefits Contributions lo defined conlribulion pension schemes are recognlsed when enlillemenl lo the conlribulions has been earned by Ihe member of 51aff. 1.12 Leases Where Kingsley Hall acts as the lessee. the cost of opeialing leases is recognlsed by spreadlng the total paymenls under Iho lease, including leasa pr8miums paid. évènly over the l&aso larm. Lease incenilvos thal reduce the rent payable under lease ar6 lakan as part of Ihe lolal payments. Where Kingsl8y Hall acls as Ihe lessor. income is recognised by spreading the total recèipts under the lease evenly over the loas& term. Lease incentives paid and premiums received are Irealed as parl of the total réc8ipis. Costs of arranging the lease of an assel are added to Ihe cost of Ihe leased asset and rBc£)gnisèd over the lease lerm in the same way as the lease income. 1.13 Cash flows The cash flows of the charity are shown and reported using Ihe indirect melhod of calculating c3sh flows. 18- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnued} 1.14 Critl¢al Esllmates and areas of Significant Judgement Refer lo sections 1.6 and 1.7 of Ihe accounling policies for delalls of the eslimales of uselul life made regarding tangible fixed assets and the relevant impairment. Donatlons and lèga¢les Unrestricted Restricttrd funds funds Total Unreslricled Restricled funds funds Tot81 2025 2025 2025 2024 2024 2024 Donallons and glfts Fellowship offeTings Olher granl income 118,997 47,791 50,743 118,997 47,791 313.950 207,703 56.142 159,804 207,703 56,142 289.682 263,207 129,878 217,531 263,207 480.738 423,649 129,878 553,527 Charltable 8Ctivitles Chuch and communlty 2025 Preryschool Total 2025 Chuch and omrnunlly 2024 pr8￿chool Total 2024 2025 2024 Canteen sales Hall room hire Klnder Kapers pre- school Pre-school nursery education grant 1.904 15.056 1,904 15.056 956 22,600 956 22,600 26,262 26,262 21,965 21,965 341.885 341.885 292,454 292,454 16.960 368.147 385.107 23,556 314.419 337,975 Analysls by fund Unreslricted funds Reslricled fund5 16.960 16,960 368.147 23,556 23,556 314,419 368.147 314.419 16.960 368.147 385.107 23,556 314,419 337,975 19- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from othèr tradlng actlvltles Unrestrlcted Unrestrlcted funds funds 2025 2024 Fulldraising events Shop incorlle Street kitchen Other Income 8,300 36,545 104,353 9,234 2.517 24.671 95.175 10,557 Other trading acllvilies 158,432 132,920 Income from investmènts Unrestrlcted Unre5trlcled funds funds 2025 2024 Rental income Interest receivable 64,980 11,701 48,780 20,376 76,681 69.156 -20- ¢ ¢JJ ¢0 ￿•￿1x1 ￿ t ¢D ￿ ¢£1 (t) J (O ff) ¢Y) ILI tN ÉN 0> (Q L7J ID IJ) Lf) ffj ts) Lli ) Lf) OJ ¢D * o) wa) li>*& W O t% ¢Dln ir> i i If) ¢D in r tsj (O Lf) cs) ID Ir) ¢￿ (N oinr ¢Opu>￿￿O0> ) O * 10 mff)ts)n(oo¢￿o (Q in IN v ID ¢0 ¢0 r 15> Tt In oi ¢hi Iri ui oi o) o a) 4£*fn O Ln In 00) t ui ei Ir> X CL ￿ ¢1) KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Nèt movement In funds 2025 2024 Nel movement in funds is slaled afler chargingl(credlling) Depreciation of owned tangible fixed assets Auditors Remuneration Auditors Remuneralion - non audit fees 138,107 12,840 7,806 75,969 Trustees None of the Trustees lor any persons connected with them) received any remuneration from the charlty during the year. Three Iruslees were reimbursed travelling and olher expenses lolalling £301 (2024 £Nill in the year. Employees The average monthly number of employees durlng the year was: 2025 Number 2024 Number 38 31 Employmènt costs 2025 2024 WagBS and salaries Social security cosls Other pensSon c051s 885.989 71.119 15,779 644.086 49,986 12,562 972,887 706.634 The numb&r of employees whose annual remuneralion was more than £60,000 is as follows.. 2025 Number 2024 Number £60,001 10 £70,000 £70,001 10 £80,000 £80,001 10 £90,000 £100.001 10 £110,000 KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tanglblè flxed assels Land and buildlngs Flxtures. fltllnys and equlpmonl Total Cost Al 1 April 2024 Additions 6,139,459 138.383 90,620 25,04B 6,230,079 163,431 Al 31 March 2025 6,277,842 115,668 6,393,510 Dopreclatlon and Impalrmont At 1 April 2024 Depreclation chaiged in the year 375,555 127,832 71,372 10,275 446,927 138.107 Al 31 March 2025 503,387 81,647 585,034 Carrying amount At 31 March 2025 5.774.455 34,021 5.808,476 At 31 March 2024 5.763,904 19.248 5,763,152 Flxed assets wilh a carrylng value of £5,322.672 have been pledged as security for the Charity B8nk loan disclosed In nole 15. 11 Dobtors 2025 2024 Amounts falllng due wlthln one year: Tr8de debtors Other debtors - amounts due from parenl charity Prepayments and accrued income 21,729 28,138 195,008 42,208 27,637 49,366 265,354 12 Credltors: amounts lalllng due wlthln ono year 2025 2024 Note6 Bank loans Other laxalion and sodal security Trade creditors Other Creditors 14 13,311 17.195 14.469 53.096 14,463 7,105 26,114 98.071 47.682 -23- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Credltors: amount5 falllng due afler more than one year 2025 2024 Note5 Bank loans 14 477,934 683,624 14 Loans and overdrafts 2025 2024 Bank loans 491.245 698,087 Payable within one year Payable afl&r on6 year 13,311 477.934 14.463 683,624 Amounts inc5ud8d above which fall due after five years: Payable by inslalmenls 424,691 625,774 The loan from Charlty Bank has a 25-year term expirlng In July 2043 wilh interest on￿, at 3.25% over Base Rale payable In the firsl three years. Capilal repayments commence after 3 years. 15 Endowmènt funds Endowment funds represent assels which musl b8 held permanenlly by the charily. Income arislng Dn the endowmenl funds can be used in accordance wilh Iho objects ol the charity and 15 included a5 unreslrlcted income. Any capital gains or losses arising on Ihe assets form part of th8 fund. Balance at Expendllur 1 April 2023 B&lanc• ot Expènflllure 1 Aprll 2024 Balance al 31 March 2025 1.857.866 (45.520) 1,812,346 177.290) 1,735,056 1.857.866 (45,520) 1.812,346 177.290) 1,735,056 Endowment funds represenl the assets of Ihe Kingsley Hall, Dagènham Gharilablo Irusl which are requlred lo be retained for Ihe purpostss of supportln9 activilies such as those undertaken by Klngslay Hall Church and Community Cenlre. -24- (D (N ¢0 tr) sto* Tfr fo W) (fj (o ¢0 ￿00*5) NtryOv¢ T* Ln ¢J) ¢N ir) r thl trj ) w) c c o J J Uvu£￿0 (ntY?OLUU L)Y> C c J Il lil .¥ 06 TS CLO c (u o CC£C (a￿ f£ouLLlV 0￿11) KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysis ol net assets between funds Unrestrl¢ted funds 2025 Restrlcted Endowment funds funds 2025 2025 Total 2025 At 31 March 2025: Tangible assets Current ass8lsllliabililiesl Long t&rm liabilities 2,285,940 213,095 1477,934) 1,787,480 292.992 1.735.056 5.808.476 506.087 1477.934) 2,021.101 2.080,472 1.735,056 5,836.629 Unrestrlct6d funds 2024 Rèslrlded EndowmBnt funds funds 2024 2024 Total 2024 At 31 March 2024: Tangible assets Current asselsllliabililies) Long term Ilablllli8S 2,079,621 442.447 (683,624) 1,891,185 761,794 1,812,346 5.783,152 1.204,241 1683,624) 1,838,444 2,652,979 1,812,346 6.303,769 18 Opèratlng1è858 commllments Le8$ee Al the reporting end dalè the charity had oulslanding commitments for future minimum lease paymenls under non-cancellable opeialing leases. which lall duè as follows.. 2025 2024 Wllhln one year Between Iwo and five years 8.628 32,599 1,128 3,102 41.227 4,230 -27- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Related party Iransactlons Remuneration of key management personnel The remuneration of key managem6nl personnel was as follows-. 2025 2024 Aggregate compensation 272,462 204,002 Key managemenl staff are the Pre-school Manager, the Centre 01￿ClOr, Execulive Chef, and Iho Deputy Director- Operallons. Tran6actlons wlth related part16S During th8 y&ar Ihe charity entered into the foll¢)wlng Ir8nsaclions wilh related parties: 2025 2024 Donallon from parent charity 80,568 195,008 80,568 195,008 The following amounts were oulslanding al the reporting ènd dale: 2025 2024 Donalion from parent charlly 195,008 Up lo June 2024 the charity's parenl charlly. Livability, provided payroll services for Kingsley Hall Church and Community Centre for no charge. -28- KINGSLEY HALL CHURCH AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Cash generated from operatlons 2025 2024 Deficlt for the year {467,140) (214,510) Adjuslmenl$ for: Inveslm6nl ir)come recognised in statement of financial activities Deprecialion of tangible fixed assets Interest on finance Charges 176.6811 138.107 45,570 (69,156) 75,969 59,823 Movements in working capilel-. Decreaselllncrease) in debtors Increase in creditors 215.988 51.541 1214,779) 20,496 Cash absorbed by op8ratlons 192.615) 1342,157) 21 Analysls of changes In nèt funds Al 1 Aprll 2024 Ca8h IIow6At 31 March 2025 Cash at bank and in hand 986.569 (431,7771 554,792 Loans falling due wilhln one year Loans falling due aller more Ihan one year (14,463) (683.624) 1,152 205.690 (13.311) 1477,934) 288.482 1224,935) 63,547 29-