Charity Registration No. 1135259 Compcwy RegistrotK)n No. 07133411 (Englond and Wo19$1 Klngdom Advance Network Annual report and unaudited financial statements for the year ended 31 December 2023 PAR TNER.SHIP KINGDOM ADVANCE NETWORK LEGAL AND ADMINISTRATIVE INFORMATION Trust••s H K McCabJm A K Srrilh Rev S P Wolson RevJ A Wat50n Mr M F CuFIi5 D R st(￿11 (Appointed 5 Septembei 20231 (Appointed 5September 20231 H K MCCal￿m Charfty number 1135259 Company numbei 0713341 1 Keglstered olllce KAN H￿￿115 Lone Burtory on TJent DEIAIEJ kndependent eX￿niner Hoyden Walson tree House Wotsons Yard Hlgh S1T88t Cotlenhom CoTTth]ge CB248RX KINGDOM ADVANCE NETWORK CONTENTS T[V￿ee5, report IndeperKlent trxoYrinerf5 rep(yl 51(Jlemenl of financid octMIE5 Baknnce sheet Notes to the fina￿101 stat8m&nts 10-17 KINGDOM ADVANCE NETWORK TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The tnjstees present their onnvol rewtr and ffinonciol stotementsf£Ythe yearended 31 Deeember2)23. The tinonciol stirtements have been wepored n occcwdonce vfith the occl￿nIng set out h nole I to the financiol 51ot¢tYents ond c(mpty with the choritoble ttud's goveining docurnenl, the Companies Acl 2C06 and 'Actounting and Reporting by ChortlE5." Statemen", af ReGorr￿￿ended P[c￿lice appWCOb￿ ta charitie5 preparing their occixjntg n o¢¢ordonce with the Fnonckjl Reportng SI0nL*Jrd oppFcoblg in the UK ond Republic of Irelond IFRS 1021 leffectwe l Jonuory ￿791. Objeclves and oclwrlies e princjry of the Tru￿ are to Ihe rde Dt a Ch￿￿7n Ch￿Ch n Ihe 8vrton on Tr8nt orea ond eL%8where by any mear)s whatsoever ond lo provhje h* lo olhers in promoli)g Ihe CTrYtslion loith n Ihe United fngdom and OV&￿￿5. The ChJch.. lTrs Alrns ond Ot4ecI￿es l. ffte oim of the church 15 lo coMrrKn￿[rfe the ChfisfK]n Faith by frfe5tWe and prothmation ol th? Chr￿tIon Gospel and the teach'.ng ol Chri5tion ¢octrine and pincples os os the postJd -ue of Chrtstion people ond the prnting ond (j￿In￿￿tIOn of the Bble ond rrterobJe. 2. Thè relef ol persons vtho ure in con(rrtv)ru of need. hardshp LY d￿tresS orvtho ale aged or 3. Th& advoneement of e(kncation ￿ Ihe of Chrtstkin yrjopbs for the gonefal edvcothon of chik1ren or 4. The pr0rTK>t￿n ol other charfftab￿ purposes benef￿[al to the ci)mrThJnity ￿ and arc4Jnd Burton on Tront or such other places os the Trust moy from t*m@ to line operole. . Kingdom Acfvonce Nefvic*t IKANI ts port of the'Ehvrch in BLrton" ond hos a bng ￿on{Sng Tekntionshi) wtlh Glory of Zion Inletnational. o Christi(7n organisolkx thot puiwe5 objectNes around th8 worfd. 11 ts alsc> port Df Ground Level, ¢Jn aptsstd￿ nebw(¥k ol chuwches bosed n the LSK. v•lh it5 heodouorters w) Lirtdn. Ih• Chwch: ltrs StNclure ond term* Th¢ KAN Trustee boord men*)ers mnoge KAN as a bvsine55. Id(fing o position of trust and re5ponsibiWty for I￿,e benefit of KAN'5 5takeholdet5. Dr8cton5 le￿lIng to the charilakAe trust are mode by the Trustees in consuMolion wth the Apostofic Leaders ond Poslors, N¥ho ole respon5bi b lor goveming the Ife and leuching o.. thtt church. Day lo doy decsions on expenditLKe oncl ocEryi*es ore decKJed by the 5tbal ci)mmunity w05 hit by o pOndern￿ lhot changed the WLYld. Co*id stil affects how some people chwstt to g(rther. ngdom Advonce Netwoth has continued its bro(KIC(￿ - V￿1h 9NJ b¥ the end of 2n3. We broodcast Monday to Friday wilh an encc>urao4ng W￿d, sometmes w(ktshp, but y(ryer old communion. Vle now have regukir monthty Wppsison galherngs ond Ih858 or& brotscktsst on ol rmjor rn￿d￿ ptalftsrm5. We have held broadco5ts f(x tr(mng. equppirvJ wlh nterhiew5 ar.d prog0rn5 gTving an inforrnl look into P80p18 and subjects approprKJte to our aud￿nCe. Invited speokers hove frorn both Ihe UK ond abrood bringing fresh opwwch 0$ well as variety. We hove fovrid thrrt many more peopk engaged vthh ow mniflry Ihon just Ihose vkno coukl ott?nd ou seThices, ith ncr¢os¢d numbers from obrwd. Despile COVKI our nnuence has incTeosed 05 wel os cwrwpport tmjse. Pracllcd h* lo the ccrfnrn￿Iy. We continue lo fin(Moal￿sUPp0rt organi￿J1K)n5 oul of ovr M￿SK)n gving occ<)vnl. These include.. Chrislian Concern lor ow Nalk>n - &ve ￿01 help ond wpport to those peopb 5*50 ore lollng fovl ol new l¢gislution thot not provid￿ chris-.￿n$ the rightto hokj 1her own conviction5 occoirfing to the Bible. Eurovision (Dovid Hulhoway) - Eurowbsi￿ i4 very active around Ihe ￿be weaching the gospel through mass evangefLsrn. belel - Th￿ Ngani5ation works acio&s the UK wlh ex add￿lS - drkJQS ond akohr4 he*xng, very 5ucce55fJlty, lo rehobTI Ilute men ond women. Theii leom5 ￿elp us vdlh wovidw)g ft)￿j orid iefreshmènt5 tst our gother￿g5. We hove co-h05ted o fflens conference wth Iheir group. Passion tor Jesvs Mirislrfe$ - PFJ hcjs served mny notic￿ rrM)ny yec¥5 now. nol justr ￿rh wppc¥liryJ churchos thYDugh leachi)g and preoching, bLr. otso yodcoly with huwntioipjn OKI, bU+￿n0 clino5, whanage'5 efc. We hove olso provided support for a Chrf51ian cenlre in= tsthhn. Germny, and rrini5tries working with jeW￿h corrwnunitie5 n15rael and eLsewhere. A ch￿1￿1￿ school in Scotland has been help8d through Ihe gene¥osity c>f our members ond port￿ts. We help equip leoder5 from v￿oU5 chuTch t)ackgourKts lo teach and Irain and provide teachwo M¢JIer￿&. W8 a150 rnonufoctUTe and d￿l￿￿vIe le0ch￿g materiats n Ihe UK and inlerratK)noly. We hove devebped our owr teaching resources whith in.clude busness ond kodsrsh""p troniYg. vtyon, personol development etc.. os wen biblcol principles. Our members fve acro￿ the [￿￿on. wilh 50FTE trave4ng on hour or rnore for OUT gotherinw. Fortunate￿ the development of our medi¢J departrEnl encknled us to Commun￿OIe to o greoler globol Ourf￿nCe ond toke odvuntoge of new technokoy and rr*([￿ plolformi. Sorne ol Ihe ye(w's hryie inckKle Medla 7he men*)ers und porlners ol oui chuich apFJecthe OLK bf(NJdca5ts arKI have been encbbed to not feel isolcrted or suffer from ￿n￿ety and fear. Ckn *lew￿g fvJvfes contnve to c*Yb ond we con.$i%tentty hove new viewers from vcjrious nationsjoiiing ow broodca%ts. Golherfngs We hove chosen to hosl Month￿ wlheTrngs. wlh 5Fpokers from our home team. Ihese hcwe b8come populorwth many and we have new vi8itoFs every month. As a res￿ we are 0150 adcSng new porlnets to the rr,ntstry. Beone Our Romanian congregalirxi contiriue5 lo grow. Ihey shore our ￿k)n ond Va￿e5 ond cxe working clssety vith our leadership and congregation. W8 have p￿ChaSed equp￿￿nf lot knngJogÈ inte￿relatIOn 0$ we look to hove one Engli%h speokng gotherng rothw thon Iwo n drfferw)t Icmgvages. This new congregotKX) coled "Beone" are yovng V￿th fomifies oncl ore enioyng u5Wg wrlaclhe5 and ben-fftliig frun w wEdom. exp8ri8nc8 aY)d mahKtty. The Tr￿￿ee$ hove compFEd wilh the duly Tr 5eclion 17151 of the Ch(wifEs Acl 3Jl I lo have due regard lo Ihe pubr benerrt guKJonce pubr￿hed by the Chattly COrTYn￿SL￿n. KINGDOM ADVANCE NETWORK TRUSTEES, REPORT (INCLUDING DIRECIORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Advonce Men October we slarted wr mens miTh5try lo help th8 m8n open up ther hearts and Fyes lo other men to enob them lo improve th￿r mental and emolK)nal, a5wel as spvrlual heoh Plons lor2024 Now Ihat CO¥￿ is behind u5. (YJI key 51runts fftvested in ossels fot the chLxches usel ue ovaibble to rneet the cos15 of ormal ￿nnIng and of tr)e chwch and to e￿Ure the chbrch can m8et the commitments that have been entered into. Grunt Maklng Pollcy Grfts lo exttemol orgoniiatk)ns ond iidwvob (¥¢ conskjored by the Trvstees on Ihe bosty of need ond lunment of e char￿al￿e objectwes. Ihere ore no vpper¢y k)ww Irrits ofsvpp¢*l. The tnjslees hos (Lssessed Ihe Mo1￿ rfsks lo which Ihe choriFoble ty eyposed ond Lye sottsfEd that wtems a ) r)loce lo mlllgute e>pOSu￿ lo the rTKJiorffjks. Rtsk Alon(ymert All majcx ins￿￿bIe are Subject lo nixmal churches and em￿O¥erS 'nsurance. Contractual tisks (we reyiewed before b¢ng ¢nterod into to 055e55 Ifh)t Ihey couK1 not *n)oct vpcn the chvrch's oknlity to luttl its obiectrrfe5. An onnvol remew of ore05 Qf [￿k ￿ undertoken by the Tru51ee5 in cuyvnclion Y￿￿h 5toff ond vohJnteer5 Te5ponsble foTJhe ureo ol (x*￿[￿y. st¥u¢lu￿, govemunce and mf*memew* The charitable trusl is o company fimit6d by gu¢ironte8. The I￿Stee5, who (Ye d50 the drector5 foythe putpose (rf corrwny k￿. and Served dLKng the year arKI vp to the dote ol swJnolur? of the f.wncicA stot8msnts were- Mr H K Mccollum MrA K SnNth Rev S P Vlolson Rev J A Walson Mr R W Bifitt Mrs IA J Billitt MrMECurt D R St(¥rtl IReskJned jan￿ 2)T81 IResKJned J)Januiyy 2)231 IApp(Mnted 5 Septerr*>erX￿31 IAppointed isepfen￿￿raj23l N￿e of tn& trustees has ony bene￿1￿1 v)tere5t in the ccmnpony. Al of Ihe ttudees c¥e merrt)ets of the conwony and gu¢Jruntee lo contrbule £1 in the event ol a windng vp. The corYyuny'5 currenl poficy conceming the poyrnent of trade creth￿ 15 to folDwlhe CBIS Prompt Pcryer5 Code Icopie5 are avaloile trom the CBI, Centre Pont. 103 New o￿Ord Slreet, Lonthn WCIA I DUI. The co￿an1S cuThent policy concemkng the powr￿ ol trade to: setffe the terms ol pijyment wilh suppfiers vthen Ihe terr￿ of eoeh Ifonsoction.. ensur8 thut suppfiers ore aware of tTre terms of payment by nC￿Sk)n of Me relÈvont terms in ¢onlracl$,- ond poy in accordance wrfh the c￿n￿$ contractual ond 0l1)er oblwltons. The Tru5tees' rep(Yt wos oppri)ved bylhe Boord of Trustee5. Mr H K Mccdkvn Tru51ee KINGDOM ADVANCE NEfwoRK TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 3 7 DECEMBER 2023 Dcrted.. 25 Septemb8r3)24 KINGDOM ADVANCE NETWORK STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 DECEMBER 2023 Chority low reqvres Ihe Truslees ID yepore occoJnts fc¥ eoch finoncial yetr gNe ts l¥ve and ftsii wew ot the state of offotrs of Ihe Charity and ol the profft and kn5 of Ihe Ch￿ty fu thot p￿10d. In ￿ep0)ing these occounts. the tIU5t885 ar8 requir8d to.. - Select suitoble occountng poIc￿S ancl Ihen Op￿ them ¢(￿Ste￿Ily. - Make adju￿MentS ond estinates thol ore ieasonobb and prijdenl. Prepare the account5 on the gong Conce￿ bosi5 unless il i% inapFxowiate lo yesvme thot the Choiify wl continve operution. The Tru$lee5 are re5ponsiUe for keepng odequate accwnthng records dLsck)se wth r80sonabkg accuracy at ony lime Ihe fnancKII postliw of the Charrty ond lo them to ensure thol Ihe occounts compty wth th& CharitEs Acts. They are oL%o Tesponsibk fry saftr gu(wd#ig Ihe osse1s of the Clority and hence lo¢ toknng reasonable steps foi the prevention und detection of troud ond olher YregJ￿the5. The Trustee5 Conf￿ that the accounts co pty wtlh cLYrenl statulory requremenls ond ]hose of Ihe Chorify's Injst deed. KINGDOM ADVANCE NEtWORK INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF KINGDOM ADVANCE NEtWORK I report to the truslees on my exorrination of Ihe fincJncKI state￿nIS of ￿n￿J￿n Advonce Netwo￿ Ilhe choritob tru$Jl for the yeor en¢Jed 31 Decent>er2)23. Respcffislbllttles aml basls ol rewl As the tru51ee5 Of the chor[lat￿e trv51 land rF5 (freclu5 foK the pup05￿ of corry¢Jny kn41 you are iespon5ble for the preparol￿n ol the finonciol stote￿ntS in occordonce wth the reqvrerfftnls ol the Compan￿$ Act 2(X)6 Ithe 2006 Acll. Havng Sal￿rIed myself Ihol Ihe financral slolemenls of the choritoblè fvvsl ue nol required lo be oudit&d under Parl 16 01 the 2(X36 Act ond aTr efoible lor independent ex0mi)ol￿)￿, l ieport in respecs of exarninat￿n of the chuttlable trust'5 fr)anc￿l sl(rtements carr￿d out undeJ section of Ihe Charilies Act X)I I Ilhe X)I l Acll. In Carr￿ng out my exominal￿n I hove folbwed ol t•e opp￿0b￿ Ji&ctb)ns oNen by Ihe Choity ConYnss(on under sÈdion 145151 Ibl tsf fhe 2011 Acl. Independent examknerf5 Jtolemw Snce the chaiilable trust's g055 exceeded yovr ex0￿￿ner must be o m8mber ot o body l$ted in section 145 of Me 1>1 l Act. I confmi tho11 cjm quafffled to undedoke Ihe exorr¥notion becou5e l om o rrEmber ol IENTER IN DATABASE cy10I5]. which is one otll)e Iste(I bodes. I have compleled my exominatK)n. I confwm Ihot no Matters hove co￿¢ to my ottenlh)n i) conngction Ihe Exomln¢Jti￿ giving me cuv5e to believe th¢Jl in ony moter￿1 re5pecl.. accounting records were not kept.'n respect of Ihe ¢￿)ntO0￿ InJ5t os reqU￿d by section W of the 2LNJ6 Act,. or the fnancial 51ulement5 do nol occordNwlh those recofd5- C the r￿D￿Cial 5t¢JlerrEn15 do not Comp￿ the occountirvJ requiiements af Section 396 of the XVJ6 Act other thon ony requirement t￿* the a¢count5 g￿¢ o orKI foyvw wnich 6 not o ￿tter considered os part of un indepèndent examinotKJn,' or the fnonciol stolements hove not been prepored Tr accordonce vath the methods and pnDc1￿es of Ihe 51otement o* R8COtYYnended Proclre for uccountng ofjd reportTng by chorities oppficoble to chorilie5 preporing Ihew ￿CoUnt9 ￿ OCC￿(￿nCe Ihe F￿anc￿j1 RepCY1￿W STarKlatd appliable in the UK and Repvblic of Ireby￿ IFRS I￿21. I have no concem5 ond have come acr0$5 no olher m(rtl&rs n Connectic￿ w￿*h the examination to which ottention should be dr(Thwn n th￿ report n (xderlo enab￿ o proper vnderFlon(Sry of the fnancK)I stotements lo b? reoched. Jayden Wulson E￿ree House Wat50n's Yard High 51reel Cott￿hc￿n carr￿r￿lge CB24 8RX Doted.. 26 September X)24 KINGDOM ADVANCE NETWORK STATEMENT OF FINANCIAI ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Tolul 9enerol I￿¥19nded 20 2tr23 Notes In¢tyne from.. Donulions and ￿g0cleS Chaitloble octivrlie5 hvestments 271, 37.514 3DIO 278.951 37,514 3.010 237.618 35,447 lo,￿5 248,1 35.447 Tolal income 311,611 319.475 273,185 10.S)5 283.690 ExpeThJNwe 0￿. ChoTtlable oclivitE5 other eypenditure 311415 239,1 9,937 249.1%7 Tolal exp8ndture 362.845 9.570 371415 Z39.I 9,937 249,¢￿7 Incomel{e¥pendttwe) 151,Y341 11,7061 1529401 568 Tronsf¢rs befrNeen ftjn 12,6791 2.679 13,3Z21 Nel m¢)vemenl li lund$ 153.9131 973 1529AOI XJ.713 3,890 34,6D3 ReC￿ellI￿li￿ ollthd5: Fund balonces at l January 2023 766a70 4,694 771.064 735.657 736,461 F￿d balak)ces ol 31 December 2023 711457 5.667 718.124 766,370 4,694 771,064 The Stotement ol finonciol actmlies ￿e￿￿e5 al gon5 ofKI k￿e5 recogntsed in Ihe yeai. Al income ond expenditure derive froTn conliTruing octhwlie5. KINGDOM ADVANCE NEtWORK BALANCE SHEE[ AS AT 31 DECEMBER 2023 2023 Nole5 Fkned assets Tangible ossets 13 753,036 Cuvrent amets Stocks Cosh al bank ond In hand 14 178 122,267 186. 130.117 Crec11ty5.' rynourrt5 lalry duewlhkn one year 16 li￿J) 118.o(xii Nel CL￿ assets 184 Told 055e15 le55 4ab•les 718.124 865,153 Crerjtots.. omounls lalhvJ due (rfler mtye Ihon ¢)neyear 17 194,0891 Net assets exchJdr4J penslon labfty 718,124 771.064 Net assets 71&124 771,064 The fvnd5 01 Ihe chryilable trv51 Unresfricted funds- gttnerol UnreslT¢ted funds- designoted 711457 5.667 766.370 4,694 718.124 771.064 The compony u enltlled to Ihe exerrwthon frotn the QLJdtl requremenl contawEd n Section 477 of the Companies Acl 2006, for the yEor ended 31 Decwrtjer 2023. The directors ocknON￿edge their responsblrlE5 lor C￿￿r&pig ￿.h the requyemenls ol Ihe Componies Act 2CK)6 vdth respect lo tsccounting recorth and the preparalion of frrfJncKJI 5t(rtements. Th8 members have not T8quired lh8 coryjany to oblcm on oucrrt of its fmoncol strotemenls for the year kn queslion In occordonce wth seclic>n 476. These fincjnciol statem8nts hcjve been ￿epOled ￿ occordonce wih IhE provi￿￿n5 opplcabFe Io COJTpanies subiecl lo the smll componies regkne. The financial slalement5 were Op￿0ved by the truslees on ￿September￿24 Mr H K McColK)m T￿￿ee Ccm)ony rtgistration nvmbei07133411 IEn*Jnd and WdE51 KINGDOM ADVANCE NETWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounthw p¢*1 Chawly Informolion Kingdorm Advonce Nelwork ￿ a private c¢xnpany knit¢d by gjcranlee itKorporaled n En*nd ond Wales. The reg￿tered 0￿ce ￿ KAN. H￿iTh% Lone. Burt￿ on Trertl. DE14 IE l.l Accounting convenllon The finoreiol stotemenls have been prepored n accor(*Jnce the Charitab￿ tnJsY5 tgov8ming d￿UManI], the Componie5 Act 21YJ6. FRS 102 Yhe financkil R8POrting Stonckjrd apPr￿able in the UK ond Republic of treland" I'FRS 102,1 and the Chorilts SORP "Accounlro ond Report￿)￿ by Chorit1è5". Stotemenl of R&comtYÉnded Pruclpce appr￿abl￿ lo Char￿￿5 pr=pamg th￿ ￿COUr11S r. accordance wth the Finon¢iol Reporting Stondard appr￿a￿e the UK Republc of kebnd IFRS I(Y21 leffeclNti l January 20191. Thtt charituble trust is o Public Benefft Entrfy 0$ ￿er￿e￿ by F4S I￿2. The choiltoble Iru5F hu5 token odvanlage of the provis￿$ n Ihe SORP fu choritigs not lo prepore o Statement of C(x%h Iow5. The financvjl statements aTe pYep(wed n st8rfng. wh￿h ts th& funclionol currency Df Ihe chari10b￿ trust. Monetary amounts ￿ Ihes8 finGnc￿l stalem8nls or& rthnded to Ihe neoreO The finoncial 5toteTnent5 hove been Fxer>ared under hill￿¢01 Cost convention, Imodffied lo include the revaknalion of fr88holc yoperliÈs and lo nckKIE tnve51rrEnt pioperrE5 ond certain fnoncial Ir￿￿men15 ot fair vakjel. The printipol occountng polces odopted ore set out below. la Goingeoncem At the time of opprovng the financ￿[ slalements, the Irusiees hove o reosonoble olpectatior) that the charftable trust hos adequote resoLKces lo conlinve *) openfionol exslence Fhe loreseeoble future. Thus the truste¢s continue to odopt Ihe going concwn l)oys of0cc0vnl￿g in prep￿￿g the financi￿ statements. 1.3 Ch(vAoble lunds Unreslricted fund5 ore ovoki f(1 Vse ol ma clscretion of Ihe tW51ees ￿ furtherance of th￿r charitable objectpie$. Restricted fund5 ore sut4ect to specfft concfdTrons by (*)r.Ix5 (K as to how they may be used. The purpose5 ond uses ol the Ne51ticted fvnck ate sel out li Ihe n?ies to the frnncial statements. Endovment frjnds 0￿ subject to specific ¢￿￿liOnS by don(x5 that Ihe ccjprfal musl ￿ ￿intained by the chorrloble ttU5t. IA Income Income ￿ recognBed when the Ch£Vitob￿ trvsl entitkd lo il afrFer ony perfo￿anCe t0nrfrt￿n$ hove been mtrt, the arr￿JnIS con be mea5ufed fefkibty, ond it is proboue thot income wl be recewed. Cash donalK)ns are recogri5ed on recept. Olher donal￿S ore reccwised once the chorituble tru51 has bee rK>lrfk8d al the donatlon. un￿S pertr￿￿nce con(rrtKJns requre dèlerrol of the om(yJnt. hcoffle li￿ recoverable in rdation lo donut￿n9 received under Grn Akl ￿ dee¢Js of covenonl ￿ reCOgn￿ed al the lime ol th& don¢ytion. Legacie5 ore reco￿￿ed on recepl u 01he￿*￿e if Ihe charila￿e Iw5t trK]s been r￿lIfied of an imp8ncfi cjislribution. the amount is known. and receipt LE wte55. M any such ind￿atIon e￿$*5. the recoverottr omount of the as5el i8 esllmted in order to deletmne Ihe extent oflhe l￿WIrment bss Irf onyl. 1.8 Sbck5 Stocks are sfated ol Ihe lower ofcost ond e$lift￿ed sefng ltrss coslg to complele ond Sel. Cost coM￿LS clred moteftots and, where opp1r0b￿, dvecl c0515 and Ih05e overheads that hove bean incurr8d in bn"nging the Stocks lo their tye5ent loc(3tian and condition. tter￿ h8kl foi ￿￿￿bu110n at no or nominol cOn5ider(rtI￿ (ye measured Ihe lower of reDkncemenl cost and cost. Net ieu1sab￿ Yokne i% Ihe estirnoted sefng pr¢e ol esl¥nated costs of complelion and c05t5 to be ncurTed in rnorkfjting, seling ond distfibutiori. 1.9 Co5h (1￿ qthalerrts Cash tsnd co5h equlvo￿nts nclude cosh n hond. depoyls heky ol col wrh bonks. Dther 5hort-term liquid investments wlh origi￿1 ol three tFL(Yth (¥ kn. ond bank overn5 lo occounting e51imates are recognised in th8 peritKJ n vthich the eslimole S ievsed ￿ere the ieNi5iLY) aHtrc15 onty Ihal period, or in the PeriCKI ol the revtsion fulure pe￿￿S there Ihe revNon aTfects both currenF ond lulure pe￿0d5. Told Urnestricted UMestri¢ted l￿dS lund5 general deS￿￿ted Total 9enwd de¥l9n￿ed Donollons ond gffts 27l,tQ7 278.951 fd7,618 TO,S)5 248,123 Donollons QIKI glls Appcots and donotions Gjtt old tox re¢k)im Fees and supplps 221.127 49,011 949 228.991 49.011 949 213,155 22,114 2349 221.$60 24.214 2349 zi(x) 27].(￿7 278.951 237,618 10, 248.123 12- KINGDOM ADVANCE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 kncomelrom donotlonsi*vJ ￿ga￿e¥ (Ce￿Inued) Te￿ Uryeslrlcted U￿e11rfCled geneml deslwoled 2022 2tr23 2tr23 Grunls receIV¢*￿ ts ctye uctiv•¥¢s Income from ch71Fthe fXtx¥ UrneslrKled fvnds 2023 Umeslrkled Ivnds 2022 Income Ba0￿hOp and Cirfe Chariltsbb rental incom 29.136 8,378 27,249 8.198 37.S14 .447 Incomelrom Inve51ments UrYe51rfded Unre5fricted lunds furK15 2tr22 Inl8rest receivoble 3,010 -13- KINGDOM ADVANCE NEfwoRK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 E￿en￿lUTe on C￿l￿able ¢xtk¥•es Expendlure Expendmwe 2022 OtrecFcosts stoff co￿$ Depreciatk?n ond ￿p01r￿￿nI Establ￿hm￿nt cosls Repoirs ond muintenonce Office expen5e5 Printing, postoge ond ￿01￿)no￿ Subscrption5 ond donotion8 Sup.(ty and other cos15 Motor expenses Adverttsing ond pr¢)motK)n Legal rjnd profesyonol costs Bookshop stock Cafe stock Grdng OLrt 159J66 17,319 18.6S3 10.192 io. 731,839 19,959 14,865 5,136 9,537 812 317 14,199 22.379 487 7,241 3,127 30.672 7.715 3,117 40.￿1 3)0,317 239,893 Share ot 5UPPOrt and 9￿•m¢￿e ¢Mts (see Th)le 7) Supp(*t Governo￿e 10,784 1,314 8.0( 1,194 312,415 249.087 Ana￿&$ bylund Unre5tiicled fund5- generd Unieslrfeled fund5- d8signated 301845 9.570 239,150 9.937 312,415 249.087 pptsrl co$15 aNocoled lo acttvllles Licence5 and subscriptK)ns Bonk ch￿ge$ M￿gage intergst ond c45P05oI cos15 Govemance costs 3.413 1,9 3,146 1.919 2,935 1,194 1,314 i￿.(￿8 9,194 Anatysed belween: EwerKJtlure 12,(F8 9.194 -14- KINGDOM ADVANCE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Net movemenl inlunds 2023 2022 The nel nJ)vemenl Y) fijnds i5 rt(rted uHer ch(wg￿gI1CrelSt￿g?. Depre00f￿n of ￿rned langble fixed 05sets L0$5 on d5POsd of tawTri )18 fLKed assets 17.319 ).oc() 19.959 Trvslees None of Ihe trust88s lor uny persons tr￿ne¢led with Iheml ￿CeNed L)ny remuneTalK)n or ber)¢rrts from the charitable trust dvring tho yec¥, other tt)on Mr A K 5rTilh. Rev S Wcrt50n and Rev J Watson who rÈceive o smtsl 5olory from the chorify. 10 Empbyéès The average rr￿)nth￿ nu￿ber of empk)yee5 (knru the ye¢Jwa5'. N￿nber mL￿ber Empwnent co Wage5 and sokirEs 159.366 131.839 There weie no ￿t￿se annual rerrKmeratrfJn rkve Ihon £60,IXK). ReM￿e￿aN0n of key m<•Kgen*nl The remuner(rtK)n of key rnarKJgemenl personnelwos 0s1￿k>￿. her expendmwe Unrethcted Unr•strleted lunds funds Netloss on rfL8posal of longlse r￿ed assefs 60.(MX) 12 Toxollon The ch¢Jrity i% exempt frC￿ toxotk)n on ils ocl(vtkn because Ihl its i% upplled for cholllob18 purpose5. 15- KINGDOM ADVANCE NETWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Tangible Itxed assels Tolul At l Janvcry Adrfrtsons D￿pos0 751.584 120A39 2.92) 162.039 10.570 1.034,062 15.IY22 12S).WOI I￿.[￿K>) At 31 DecembeY2m 3.116 123159 172.609 Deprecl(rllon and Impr*ment At l January l)23 Depreciotion ch£Tged in the year Eknlnoled in respect of thp0501% 93,747 5,923 ICP,062 6,365 5.031 I32,5￿) 17,319 Ill5001 At 31 December2￿23 SJ,751 99,670 115,427 265.848 CThrylng am¢yml Al 31 oererrnber2￿23 451365 57.182 Al 31 December2Y22 673,365 26,693 5Z978 753.036 14 Stocks 2023 2022 stock 7,￿0 15 Loan5 und over(tr¢ths 2Q22 Bonk loons 110.889 Puyable wrlhin onè year Payoble after one ye(y 16,800 94.089 16- KINGDOM ADVANCE NETWORK NOTES TO THE FINANCIAL STATEMENfs {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 16 CiedID￿ amourtslallng wlhkn one ye(T 2023 Notès Bank loons AccDJols and ¢Jeferred nc0￿ 15 16, 18,(XJO 17 Ciedlfvrs: qmounls due dlerrnore Ihan a)ne yegv 21YA2 Bunk loans 15 94,(W9 18 R•laled paty tr￿maC110nS There were nts d￿k}sable rek]t￿ pcrtytronsoctions durfng the yeor (J)22- nollel. 17-