Ch(wlty ReglWolk*n No. 1135259 Compay Reg15fvallon No. 07133411 (England und Wole51 Kingdom Advance Network Annual report and unaudited financial statements For the year ended 31 December 2024
Kingdom Advance Network LEGAL AND ADMINISTRATIVE INFORMATION Tw51ees H K Mccokn) A K 5milh Rev S P Wolso Rev J A Wols( MECLYI D R St(Yril Ms R N Frkn IApwiited 17 Oclober 241 Secietary HK0rn Chorlty Thumb (England and Wales) 1135259 Compi#w nvmber 07133411 eglstered *)Ilke KAN Bwlon on Trent DE14 IEJ Independent ex1)nrter Hayden Wolson Etslree Hovse Watsori'5 Ycw HvJh Slreet coller4M Comtxwyge CB24 &PX
Kingdom Advance Nelwork CONTENTS Poge Truslee5' reFXXt Independenl exomliefs rer stateEnt of fanCl ach15 8olonc¢ sheet Noles lo the ICl slotements 10- 16
Kingdom Advance Nelwork TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 Ihe Iruslees pre5enl (r1 repK¥l stOleMtS fry the ye(w ended 31 Decemb X124. The linoncKJl slotemenls hove tEen wep(wed occ£(rKe Ihe COUntIng sel oul in note I to the ffroncDI slolement5 and comtyy wilh the ctrKWitoble InJsl's govemiThJ (kcumenl. the ComwnE5 Acl 2006 and 'AC¢OVntg ond Rewting by ClIs.. Statement of Recc¥nnEnded ette oprkoble to ch(Kilies yeparing thew OCCOLmts n occudonce wilh Ihe FIr1 Rep(xl¥vJ s10ndd apfftob in the UK ond Rewbfic of kek]nd IFRS 1021 lettectNe l Jonvory X)191-. Obleclhfes and acllvNle% The primory oims of the Trusl ore lo tuttil the of a CIwi5tvJn Chwch in Ihe BLffton Trenl oreo ond elsewhere by ony meons wholsoever ond to 0VkIe he lo other5 n (Xf)llvj the c$tn loilh in Ihe United Kngdom and overseo5. The Church.. Its Alms and oblethes l. The oim ol the ChCh is lo communOIe Ihe Cthstn Foilh by ond rxcckJmalK)n of Ihe Cfwi5tian Gospel d the leoching ol chr1jn doctrwie and 05 05 the postuol ccwe ol ChrislKJn and Ihe inling ond dislributky) 01 Ihe 8ible ond ChrtslKJn Klerature. 2. The relief of per$ bvho tse v) COrth)n$ ol need. hardshy or thlres5 who ore oged c stk. 3. The advaDcetTbenl of educotk)n the baS of Chrtslian wnci)les fcy Ibe generol educolK)n ol chktren or (xJutt5. 4. The syomotion of other Ch(tab pAw5e5 bene to the commurty n and <round BlOn on TTent or 5vch other 05 the Trusl Iroffl tKne to twne Ole. Kingdom Advonce NÈtwcrfk IKANI is p(yt of Ihe'thurch n Bur1. ond stonrfw)g rebtK)n5hp wlh Ckxy of Zon IntwnolN)nol. o chr1)n ugontsatK)n Imt PiN5ue5 ot¥eclwes CcJr Ihe wolld. 11 Is also part of cth5tn Inlernali)nal ml$tIes, with its hethyquulers n Sonla R050 Beach. Fk¥¥Ja. The Church.. Stsuclure and teInOlOgY The KAN Truslee txxyd member5 monage KAN 05 0 t$1)e$s. tKth)g o positN)n ol Irusl ond responsibltY for the benefit of KAN'S slokeholders. DKeclh)ns rek]ting lo the ch(la tfU5t (Xe mode by the Trustees in consullalion wilh the Ap051dic Leoders ond Poslims. who cxe re5[X)n5* 1(x govern9 the life ond leoching of the church. Day lo day decisions on e¥pendilwe ond oclNiles are decKJed by the 5taH ond volunteeis in chorge ol diflerenl areas of the ChCh. wlhn bvdgels Sel orKI monitued by the Trvslees. The POWEf5 of awKxnlment (x retTY)val ol Tnjstees Tes15 wilh both Ihemsefve5 and the Aw51rft Leo(lers. Whltst Ihe chvrch does empkjy 0 small numtky of POKI 5toft. it Ihe ol evwy member ol the chwch. that mokes the difference in the church achE¥ing otwlwes. The one)I reUrCeS of the church. to a very knge exlenl. ore given by membefs ond slakeh(. and fher wivale 055e15 Or eqv4)ment ue reguloty used in the work ol the church. Much or tNs w¢yk i% wvatety. TrMtFKxJl recognrf¥)n (x)d hws oThY volue of Ihal time cannol be quantified. The Iruslee5 hove FXJKI due regd to guKlare sgJe(I by Chty commiss decKfng what octiwtes the Cholitab trust 5houkl urKlertake.
Kingdom Advance Network TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢hle¥emenls ond pertormunce The Year.. $ Obleclfves and Achlevements Kingdom Advonce Nelwuk conlinued ils Cl(o51 - we retthed l.(m by the Iolh of Awl. Monday lo Fr0Y th on encovroging word. scmmellmes Iwt ows syoyer oThY communk)n. Have regvky monthty in. 50n gathering5 Qnol these tdCast ol rnedu pknlloKm5. We have hdd br(xJdcasls 1(x tr(inwy. eqUj wlh ntetvws and kYLxJrams givru (Jn intLal *Jok 10 peop ond sut4ecls approylole lo w OUrfCe. Invited speakers Ve come fvom tx)th th8 UK and otxoad txngng a tresh opyooch 0$ wdl 0$ vorely. We have found that many more erwJogecl mlry Ilwjn just Ihose who could oltencl our Se$, wilh incre05ed numtjers Ir(xn atsoad. We look the decwn lo reshope w n1 otclM. toke stage ueole a much kirger one where we Wou hove rcK)m fu oddilx)nd musrh)ns ond couhy m&nl(K glfls 01 muskol obAillès In a youngef generation. e new sloge hos done Ihs ond we (re excited ol))vl the futwe. At Ire scme line we r•oced our 2 old Sony Cama5 Ihol were beyorKJ repjr ond the new lechrK>h)gy wos cheos)er ond better than ok1, 01 3 ore conlrolled by one person from ow new MedKJ studK) ffluch better contr(A and quality.
Kingdom Advance Network TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Pfacll¢ul help lo Ihe corrthurAty. We sl(Jrled o Mweek sesshy) (n w(xking vthh xal cour1 cod "Wom spe, on initiative lor Ih05e who Strugg lo keep thet h(mes heoted Ihe c(Ad weather. We 0150 continue to rinancKJlkrf 5upp(xl orwas01 CKJI ol our MwNyL Accovnl. These include.. Cmstitsn Concern lor oul Nallon . GNe W]1 arKI wppo¥l to Ihose peo[ cxe falling foul of rlew legiskj1n Ihol not 0y$ provides cL%tn$ the rvJhl to hokl Iher Cov1$ occud¥)g lo Ihe BI. Eurov551on (Davld H(thiy) - Ewov6#)n oclwe the gk)be txe(KhYvJ Ihe g)spel throLoh moss evongeli5m. Betel . Th organtsatK)n works acr05S the UK wilh ex ockltts - ond otohd hdtxrvJ. very successful. lo rehobilitote men ond wcmen. TheK teoms h us wih 0¥KI1J tOCKI orKI refreshmenls ol our gatherings. We mointo¥) 0 slrong conneclh)n wth Belel ond they h). Passlon f Jesvs MIn15fr5 - Has been 5ervi)g Ihe rtHs fcK nKJny years now. wth supwting chLffches IFwovgh teaching and txeachng. but otso [0t1¢oH¥Wth humonilcrth ohy. bul(fng cknic5. (xphorKJge'5 etc. Inlemomonal House of Aposlomc Reformatlon (IMARI we hdped to eslobfL%h ond ccmtinue to svpp(xt a Ctrwi51ian Apostol Cenlre in &erk)hn. Germany. We have re9uky cont(Ll ond svrwl Ihrovgh encotKagement. linance ond speoklng ot Ihetr con18re ol the Winning ol ]y. Olher MJn15trfe5 - The ministry wcxks wth Jewtsh commfftiliès in Isrod and e&evthere. A schcx)l in Scotlond ha5 been heed Ihrougti the generosity of OLK membw ormy Kxylnexs. We help equip thd5 frixn v(mus church 1xk9[CKts lo tecth oThY Irakn ond FXOVKle teachiru mater15. We olso monufoclure orKJ dislrt)ule leoching malerKJ15 n the UK orKI inlernotKJrKJly. We have devek)ped our own teoching resources incK)de business and kader5hp troinirw. vt5Kx). psoI devdopmenl elc.. a5 wel a5 biblicol wnciples. Ow members INe ocross the regK)n. wth some travdling on hc¥Jr ¢y mcKe lor our gathering5. Sletknen ond Jenny min$lered in Gen&vo &IOlh June and corKJucled kyayer asygnmenls lo syoy f ond bÈss a number ol notK)nol ond intwno1oI events. Fortunalely. Ihe devek)wnl of OLV rned deKKrlmenl erKtAed vs lo c0rrffivn0le lo a gealer gthal OLKlience ond lake odvonlage of new lechnok)gy and merfo pk)tfwns. Some of the yeoi's hlghllghts hove kncbJded= Me(la The members ond ptsrlners ol oth ChCh opFKecKJle OLK txoadcost5 (WKI trVe Ixen 0b lo leel i50kJed or suffer from onxiety ond fety. Ow fvwres c¢)nknue to c1. arKI C(X1Slentfy l)ove new v(ews trom variou5 natn5 jc¥ning ow tKothe05t5. G¢)Iheilngs We have chosen lo h05t monthty golherings. wilh 5peaker5 fr(¥n ow home teom. These have coMe popvlai with mony ond we hove new ¥11(S every month. A5 a rewlt we e atso add new lo the minislry. Beone The Roman COfVJWOtK)n experenced ch the ye(x. Ihew Vlon Wer orKI his fomlty movecj t)ack to RomanK]. they olher leodets hove moved on Ihe reminng members now meet n onolher chwch facility in IOWT). Itrms has meant that the 5wce Ihey Cupied h05 now become avail0b for the growth of our own coruregatK)n. However. wefe yjd Io see ttrwn ÈcNe vs. Advgnce Alen In octo we stcrted OLW men's min15try lo hdp lh8 men open up Ihew trc¥ls orKI fves to olher men to enab Ihem to wntxove ther mental arKI emot1. 0$ 0$ sp•itLh)I teollh.
Klngdom Advance Network TRUSTEES, RepoRT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 fry 2025 Now Ihal COVKJ thd u5. our key 51ralegy f(x Ihe ctruch is lo devek)p ow conferences. Iroining events oncl Pray initlIVeS. WheTe 0pyopt1e rrKJke as many ol our wlherings VEWQkn ClIne. The rnembw5hip h05 grown. oddiry ASgned Porlnws oThY leodws who $e w vol ond Wp to suprxKI Ihe visK)n ot the ministry. Further wuk will continue. vrxYol¥o ond Ihe fot¢ ol the buldiig. Two ye¢l$ ore new1ighting our main audilorivm. repkjcing the okj Hue5ceI5 %lrith LED5. u5 addilK)nol sloge fKJhling. ar chorvjes to CMJr kitchen and cale lo creale more room fix cu5tom6Y5 ond acce55 to on additK)nal olke. New 5KJnage is anned to the fronl of (xjr pr£¥>tY lon Ihe rdSle1 oncj the Itont of ow txJiklYYJ. Thi5 wll give gretsler viybilily. advert1 rxesence wilh o mcKkrn ond r*olewonol deson. We hope lo open OLK bukling e. dur9 Ihe weeL lo creole 0 4)oce to Iwe ccmtocl. listening eors and deal with k)neKnes5 (d (01K. The Tfitstees hove compled wth the dvty in sectK)n 17151 of Ihe CtKmtes Acl X)I I to hove due regord to the publ benefil guidonce pvblished by the Chcrrity Commisw).
Klngdom Advance Nelworfc TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Hnanclol revlev The Truslees hove set a of fetoinirw reserves. wIe Fx)%b. Icy the f4YeSeeob needs ol the church. Where Ihere is speci1 captial exp8ndilwe t(xeseen amount5 are set asKJe nto desgnoted fuThYs so Ihe fvee rewves Igenerol reserves excluding omounls inve5teO in ossels l(x the chwche5 V5el (ye 0vot to meel the costs of normol running ond exwnskm ol the chLKch and to enmxe the chLYch can meel Ihe ccxnmitments thot hove en enlered into. ant Maklng Polky Gills to exlemal IxganlsalS ond e corithed by the Tw5tees cx) Ihe ol t)¢e<J ond fulfilmenl of the charitable obieclNe5. The are no uF¥)er (x k)weY knils ol supwt. The trustees fKis assessed Ihe molor rtsks lo the c1{ trusl ts exposed. ond sotisfed Ihol syslems lye in place to mitwle expostye lo the mo1 rfjks. Rtsk Monagemenl All mokx llss (ye 5Ut4ecl lo rKxmal ctrmxches arKJ 15,¥0nCe. Conlrocll risks (Y8 revwed belore being entered inlo to osse5s Ihol ttry coukj nol s¥JnonIty iwwct upon Ihe chwch's oblily lo lulthl its ot4'eclives. An onnuol revth ol oreos of risk is undertaken by the Tru51ee5 n conjvnclDn wlh stofl ond volunteers responsbÈ f( the cweo of octmly. Sfvuclvre. governtsnce and munogmnt Ihe chcw11ob trust ts o compary Imrfed by gyan1ee. The tW5tees. who ore olso Ihe dyeclcxs t the pwse ol corry]ny kny. arKJ Served dLKf)g the ond up to the dtsle of signoture of fi1 stolements¥È. Mr H K Mccollum MrA K Smilh Rev S P Wotson Rev J A Wotson Mr M E Cvrtil Mi D R Slarril M5 R N HkSOn IApFx)wiled 17 OcloiEr K1241 None of the ttU5tees hos any teres• in Ihe clynp(. Al of Ihe trustees cxe membws of Ihe compony and guaranlee lo con1r1le £1 in Ihe evenl of a up. Ihe componys curr8nl polcy concemiry the paymenl of IriKJe credilcxs $ to folk)w Ihe CBfs Prcxnpl Pay$ Ccxle (copes ore ovodoble from the CBI. Centre Poinl. 103 New Ox1(d Slreet. Lowthn WC IA IDUI. Ihe companys current poky ccncerning the poymenl of Irode credil(xs is to.. setlle Ihe letms of poyment wth suppfws vthen ogrrvJ Ihe lerms ol eoch IransaclK)n: enswe Ihot suppwers tye mc¥Je cwe ol Ihe twms of r*)ymenl by (lSt)n ol the reVanI tetrn5 in conlracls.. ond poy in acc(xdance %%ilh Ihe componV5 contractLK]l and othef Ihe Trvslees. report was aFvove(J he 0d of Tru51ee5. H K McCaHum Iru5tee tkjted..
Kingdom Advance Nelwork STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Charily kiw requ¥e5 the Tru5tee5 to ryepare acCnIS ICK each ye<Y whh gNe a true and fair view of the stole of alfoir5 01 the CIKYty and of the yoth"t ond ol the Chcyily Ihot WKXI. In wep(Ywig th8se accounts. Ihe liusle&s ore requred to.. - se¢1 suit0e occountiro rK)Ites ond then Ilm con951enlty. - Make adjustments ond estYrleS thot ¢Je re(}sor ar¥J wdent. Prepare the accoun15 on the gong concem t)asis vn55 St 15 wp[x0[Xlate Io Fxesume Ihol Ihe Chority wli conlnue in operolion. The Truslees ore responsblè ICK keeping odequole occovntirg recuds ch d1$e le0sonab acC0CY ol ony time Ihe finonck)I W$itTC of Ire Chcyity Or lo enoble Ihem to sUre Ihol the occounts compty with the CharitE5 Acls. They (¥e olso reswn5kn1e yjftr gLdIry Ihe a55els of the Chority oncs hence for toking reQ50rb1e steps lor Ihe prevenlKM ond detectK)n ol fraud arKJ olher vregvkwitEs. The I[u5t cc¥)fvm Ihot the occounls com- pty wilh curenl stalulory iequrernents and Ihose ol Ihe Ch(xity's tW5t deed. Compony k)w ¢equ¥es Ihe Iwslees to Fyertse slolemenls f( ecth fiTh)ncnl yeor gNe o true and lo view of the slote of oflors of the chcXitob ttvsl ol Ihe c(xMing resources ond opFlrolH)n of resojrces. inclvding the income ond experKlitLffe. of the Ch(l01e cc¥npony that ye(w. In wep(xing Ihe5e rnoncl slolemen15. Iruslees are requ¥ecJ lo.. - SeCl sullab accounting poIleS arKJ then oppty them constslenlty.. - Ob$Ve the method5 and plcp1eS in the Chorites 50RP.' - moke judgements ond eslinotes Ihol ore re0s0e ond ent.. stale whether app10b UK Accountin9 StoTKkTd5 hove been 1CVed. subject to ony nwjlwiol deporture5 dck)sed and expbined in the linancl slatenEn15.' and - prewre Ihe financial 51alemen15 on Ihe g(xru concern unkn5 it 15 KK]pw)le to txewme Ihal the charilate trvst wll contiiue in Operatn. The trustees ole respon5b fry keeping Odeq[le occountng rec¢yds thot di%cl)se th reosorthle occurocy ol any time the finoncol position ol the chorilobÈ Irusl oncl eroble Ihem to ensLKe Ihol the slotemenls compw wllh the Compones Act . TIEV ore olso resp)nyble fcw sofeguording the ossets ol the clKXitotAe trusl ond hence f toking rea50noL slep5 IL¥ prevent INVJ deteclK)n of froJd INKI other egU15.
Klngdom Advance Network INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Klngdom Advance Nehyork I reporl lo the trustees on my exarninolxin of the stalerr£nts ol KwvJ(kxn Adv(w)ce Ntrk Ith& charllatAtr IfU511 lor the yg<x ended 31 OKerrth }4. Respons11•1 and bas& ol r•wl AS the Irv5te&s ol the ch¢Jilable Iw511(wKJ obo r15 drecl(x5 1(x the wpose5 of cc¥npony th41. you ue re$w)b for the FYeFX]rolK)n of the linancKJ slateTTEnt5 n acc<xdaKe wih Ihe requrement5 of the CoMwn$ ACI 6. Havng so11sfd my5eN that the 71s1o1erI5 of the c71t(th Iw5t (Te not requwed lo be audited under P(wt 16 01 the Componkn Acl orn1 rye ble ICK ipeI exOmknol. I rerKMt fft re5pecl of my examinotK)n ol Ihe cfthiot Irvst's stolements C(d cMJt sect# 145 of ch115 Act X)I l. ovt my exomiwlh)n I hove lolo%%ed the Dieclw 9rven by CFoity Ccmmswn sec4K 14SISllbl of Ihe CharitS Act11. bocty lsled h sec1K 145 of c111$ ACI l. I c(fiM t1 l (xn to vThJwloke Ihe excKnintA I hove ccKnplele(I my ex(¥rV. I crn rK) ¥J5 IVM come to my ollenl)n l) CcffjnectK tt)e gx(wnhJlk)n me cause lo tthe t1 n (xy I11 reSCl.. acc¢)unlrKJ recucts w&e nol kepl i) respecl ol the C¥11¢ as rWe<J ty seckn 386 01 lts CrmrKmes Act . Ihe IwKinck)l stolemenls do ilh te5. ¢Y the 1wncl 5tolerwwt5 ¢Jo rKht Trmth Ihe occ¢MlwvJ req1$ ol Sect 396 of the Ccmpors Act 2( 01 Ihan any requyemenl Ihat Ihe frK)ncl staternenls faw vlèw. 15 not o tter CcSKI8red 05 of (m deKIent exam¥KJtK)n.' I the IorKl 5totervnt5 hove T1 been rwerKTed occuc)rte will) melhoos (N)d Fy•icipÈs of the Slolemenl of Rec(xnmended Prctlte fly oCccwnlw orKI rewtiNJ l chciles opplcoble lo chorites Yeparng Ihew Inoncl 5tolements n (e¢1ce vthh the FkKJncKJ RewthThJ StafKhJd aprkoble In Ihe UK and Repvblk ol Ireknnd IFRS 1021. I hove no concwn5 ond hove ocr055 fK) olher rr#itlers kn conngclth %%41h the examfftatn lo which attentK)n shouky be (trown h Ihts repryt ) cxdu to o Fxorw urMYersl¢Jndng ol Ihe flnonckjl slot8Wlts to reochecj. Hayden Wotson E151ree House Wolson's Y¢yd Hlah Slrgel Cotlenhom CB218RX c*ile'. 261912025
Klngdom Advance Nelwork STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unweslwkted Vnweslwkled Ivnd5 geneial dsOgnoted 2024 2024 Total Unre51rfcted Unie5M¢td Ivnds funds generol deSnated 2tr23 21Y23 Totul 2023 Notes Incom• from.. Donolions ond ocies Chariloble ocli¥ItS Inveslmenls 276.295 35.953 4.117 276.295 35.9&1 271.(7 37.514 3.010 7.864 278.951 37,514 3.010 Total Income 316.365 316.365 7.864 319.475 Expendwure on.. ChorilotAe octivilTes Olhei expendilure 285.473 9.953 287.176 9.953 845 9.570 312415 Total expendNure 295.426 1.703 297.1 36Z845 9.570 372.415 Net In¢omellexpendlh*el .939 19.236 151.2341 152.9401 Tian5fer5 belween Ivn(ts 11.7031 12.6791 1679 Net movement In funds 19.236 19.236 153.9131 973 152.9401 Reconcllatlon ot lunds: Fund bolance5 01 l Jonuary 224 712.457 5.067 718.124 766.370 4,694 771,064 Fund balances 0131 December 2024 731.693 5.667 737.360 711457 5.667 718.124 The stalemenl ol fnonciol acliwtEs inchjdes all gon5 (1 kJs5es rec03ned the ye(x. All income ond expendite clere ITCHn contnuro octpiiles.
Klngdom Advance Network BALANCE SHEET AS AT 31 DECEMBER 2024 2tr24 2ty23 Notes FL¥ed ossets Tangible a5se15 13 S34)/ 533.236 Cuirenl assets Stocks Cosh 01 bonk ond MrKJ 14 196.3)3 178.238 186.( Credttors: amounts lalkn9 due wNhkn one yeai 15 11,5LKJI Net cuNenl assets 553 184.888 Tolol ossets less current 11a1&$ 737.31 118.124 The Ivnds ol the C1lable Iw51 Unrestricted funds- generol UNeslrrcted furKls. des¥JrK]ted 731.693 5.667 712.457 5.667 737.3i 718.124 The company is enti1d lo the exeMp1K Irom Ihe ovthl lewrt cl0d fft seCtn 477 of the CompanE5 Acl XK>6. for the ye(Y en(Jed 31 December 1124. The dyeclors acknowledge Iher respons)1115 l(x compn9 tt requrements of the C%ynponi85 Act with re5pecl to ocCcnI1ng ieccKds (d Ihe wewYatK)n ol 5tatement5. The rYEfflb5 hove nol reqvred Ire compcyy to obtan an aLkl ol ils fmancKJl statement5 the yecy oueslK)n accor(Jance wlh seclion 476. These fmancial 5talefllenls hove been ere<l in OccOnce %%41h Ihe [0vISK)rs ry)plcable to compcw)Es subject to IhÈ smal componies regime. e ffftoncK)I Stoleffls were aprxov Ihe Iwuslee5 0n.................._..... Mr H K McCalhJ Twstee Ccmpony registr01 nber 07133411 a1 Wa¥
Kingdom Advance Network NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accovnllng polcles Char6ty knlormollon Kingdom Advonce Nelw(xk s o 1VOle comKxJny fmited by gu(onIee itlMKxwoled n Engknnd orKI WO$. The registered oltice is KAN. HaN1n5 Lane. Blrton on Trenl. DE14 IEJ. l.l Accountlng eonvenllon Ihe financ4 5talemenls IKJve been Fxepared acc(xdance wilh Ihe Ch(lab Irusl'5 govetning duMent. th8 CoMpanS Act 21KkS. FRS 102 Ihe FInCl Rep(xlw)g SlarKknd Op[Aate in the UK ond Republc ol Ireknnd" ond the chcwi1S SORP'Acc0unli ond RerxxlI by ChcYils'. Stolemenl ol Recommended Piactice oppI0b lo chtyiles FyetM)riig Iheir occwnls v) cKcudonce with the FinoncKJl Reryxlng Slondar opplic0b in Ihe UK c¥)d Re of kebrKI IFRS IOI" The C1Kl0 tW5t Li o PvtA£ Benefit Entity as defined by FRS 102. The chcXilab Irusl hos taken 0dvlO3e of the ryovwns n the SORP fu ch(xitEs rK)t lo prepKKe a 51atemenl ol cosh fk)ws. The fin0ncl stotements ore rertsed i) slthj. vA)th s the bjnctw)Th cwency of Ihe cfK)rtiob trust. Monetary amount5 n Ihe5e sloterrwt5£we woundecl lo Ihe rEore5t £. The fin(CK)I 51olemenls have been F¥ep(wed Lnder Ihe hlslcrfical c05t convenlK)n. ImodrfEd lo in¢lle the fevoluatK)n ol treehokj protHtEs and lo wllKIe in¥eslrYEnl twotwtEs and Certi nslnjments ot fo volvel. The rynciwl o¢countHig (Klcpled cre set cxjl beknv. 1.2 Golng concem Al the lime ol apryoviro the fina1 slalemenls. Ihe Irustees hove o rea$ab expeclation thol the chorilolye Iwsl hos odequole resowce5 to ClinVe in cw0101 exBlence l(K Ihe lore5eeabÈ lulure. Thu5 the trvstees continue lo odopt Ihe gong concwn tK¢i% of occounting M) the linonctil stolemenl5. 1.3 CharMoblelvnd5 Unre5tiicled lund5 are ovaloble f¢J use ol the c55CfelK¥) of Ihe Iruslees in furtherance of ther C)ri10b obieclive5. Reslrcled furds cwe sutiecl lo Slf condi15 by gronl¢ys os to how tY may be used. The 05es ond uses of Ihe restrted hJnds ore sel Olrt i) Ihe noles to the troncl slolemenls. Endowmenl tY$ are stJiect to 5rEcik conrfitws by thol Ihe caFXtal musl be mainlained by the chorit0e trust_ 7.4 Income Income is iecogni5ed when Ihe ctryyitoble Iw5t ]lY ent[ld to it ofta to[lnce conditK)n5 hove been mel. the omounts can be me05Lred Tej. arKI il FXobQb that be recve. Cosh ckJnotv)ns ore recogn6sed on recept. othw (km1$ ore recognsed once the charitatAe Irusl ha5 been rlolified of Ihe donolK)n. Un5$ tH1(YrTue CL1115 reqvwe deleTTal of the omounl. Income tox recoveroble in reIK)n lo donatK)n5 ieceNed [le¥ Gifl AKJ (x deed5 of covenanl i5 recogntsed at the line ol Ihe donotic. Legacie5 (Ke recogni5ed on recei)l ¢y otheNM rf the cly1tob tnJsl hos l)ew) notified of on pelIng distribution. Ihe amounl is kTK)Nw. ond recepl exEEcled. 11 the amount 15 not known. the legocy ts treoted 0$ o (lingenI a55et. 10-
Klngdom Advance Network NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accovnllng polcle5 (Conmnuedl 1.5 Expendtture Expendilure 15 recognised ore tlwe s o c($11¢11Ve obtylbn to Iranslu ecOrK)M benefrf lo a thTd party. it 15 [x0t)ab that a tran51er of econ(¥nc erS VAI be reqvyed in settkment. and the amount of the ob1Ja1K)n con be meosued relow. Expendilure is ckns5ilEd by octwity. The c0515 of e(Kh lty cwe made w of the totol ol clrect cosls ond shored costs, inclvthng suprxyl costs VolVed urKjert0kg each octNity. Drecl c0515 0llrbul0b lo o single oclivily ore alkxoled 4Jrectty lo thol octNity. Sh(yed cos15 contribute to Ihan one octNity ond support c0515 whEh ore nol oltrthtcth lo o n91& livI1V cxe oprxxlK)ned between those aclivitE5 On o bo515 consislenl wth Ihe vse of resowce5. Centrol stoft costs C ok£oled on the tjS ol time Spent. and deprecK]tK)n ch(xge5 (xe alocoled on the ol the ossel's use. 1.6 TttnglblÈ flxed assets Tangib fixed assels (e initty rne054wed ot cost ond subseqwitty meoswe<l ot cost u vakJalK)n. net of depreckltK)n any inparmenl k)55e5. Deprecut¥)n is reCOgne $0 0$ to write off Ihe cosl ¢y Val1 of assets th vahJes over Iheir Useful Ives on the f<knrYJ Ixses: Ffeehokl lond ond bukli5 Pthl anol eqvikynent Fixlvres ond fittings 1% Reducwu tx]kJnce 15% re(luCg nce 15% red1 txJkJnce Ihe gan or k)55 (Sirj on Ihe ol on 055el s detwmred 0$ thrlwee befvn the sal8 preedS ond the carryg value ol the a55et. arKI i5 reCOgne the stolenw)t of fin01 octivltes. 1.7 ImpolmW ofllxed assets Al eoch repting end (k]le. Ihe chalit0b Irusl revEWS the omounls ol ils longl)lÈ ossels lo determine whether there È ony inrtalK)n t1 those assets IKwe SUffed ijn ¥n[x]ent k)$5. If ony such iidcolion e$1$. the recoverobÈ omounl of the ossel ts estimled n uder lo deterrywE the extent of Ihe impowment loss lif onyl. 1.8 Slock5 StkS tye stoled ol Ihe k)wer ol cosl eslimated seg txice 55 costs to comtAete ond sell. Cost comytses direct moteriots ond. opptobk. drect kitKAJr costs an(J Ihose ovvheod5 Ihal have been incurred in txinging Ihe 51ock5 lo they esent kxoly) Or coThYilK)n. Ilems hell fu distfft)ulK)n at no ot nominal con5KJeratK)n ale measured the ioway of repkxemenl cost ond cosl. Net reol150b volve ts the eslimoled sthg tse kns ol eslnN]ted cost5 01 C(Xnpletn and c05t5 to be i)curred in morketing. sellM)g ond rfL%lrAxJlK)n. 1.9 Cash and cash eqvhfalents Cosh ond cosh e(wivolenls cith harKI. dew5its hekl al cal with bonks. other ShCl-tM liquky investments wlh cwirnl Mot11$ of tee M¢th5 LY kn. ar¥J Lwjnk ovefoo115. Bank OVrOfts tse shown within borrowings In Cren1 Voknlilses. Oo$lc finonchl ossets Bosc linoncol ossels. whrh c*jde debtlX5 and c05h and nk t]r. e lNY meoswed ot IronsoctK)n ice includ9 tron50cIK)n cosls or$ cye subsequently carrEd al arn¢xted cost Ung the eNectNe inleresl melhod Un$$ Ihe otrongemenl cowlitutes o Iran50clK)n. the tran50cIK)n is measured ol the e5ent value ol the futLKe recei)ts disclxnled ot o mcxkel rate of 1¢51. FwKJncKJI a55ets ck15ffth 0$ recei¥atAe wthn one ye(yare nol 0ffl¢yled. 11
Kingdom Advance Network
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accovnlln9 pokle5
IConllnued}
8astc finoncialliubih7ies
805 fironcnl liobililies. crectilcxs ond bonk lye Mil1 rogned ot IrSaC1K pKe unless the
orrangement con5tilutes o finoncing Ironsocth)n. where Ihe debt $truMen1 is meoswed 01 Ihe rKes8nl value ol
the lulufe t)aymenls discovnled al a mukel rate ol inleresl. Fir£ IvJbThi lies CSrEd 05 wyoble wthin c)e
year are not am{lISed.
Debl instrvments ore stheqventty cortsd ot omcXle£I cost. usng Ihe elfeclw8 ilt8r8St rale method.
Trade creLlitor5 ore oblKJOtN)ns to poy Ic $ u seryces Ihol hove been (rouyed Ihe udncwy cours8 of
operatK)ns from 5upplieTS. Amoun15 txJyot (we ckJ55ilEd a5 cwent kJbfilie5 rf wymenl due wthin one yeor
less. If nol. they are rxe5enled as non
Klngdom Advance Nelwork NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 kn¢ome from <knatlons ond go¢les IContknue<ll Vnwesmcted Unie51rl¢led Ivnds Ivnds general desiqnule<J 2Q24 Totd lunds funds genal deslgnoted 2023 2(r24 2023 Gionls kn¢ome fvom Chur¢ble octhfltles Ureslrfthd Vnrestrlcted Ivnds lunds 21)24
)23 Income SO ol goc*ls ChorllotAe rentol 27J75 8,578 29.136 8.378 35,953 37.514 In¢ome from Inveslments Unlected lunds VNestri¢led Ivnds 2023 2024 Inlerest rec&votAe 3.010 13
Kingdom Advance Nelwork NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendttuwe on chawknble aclfvMle5 Expendllvre 2024 Expendlluie 2023 Dliect cost5 Slolf c0515 Dereciolion ond imW¥r1 E$latishrNeDf costs Repo$ ond moinleTh)rte oitice expenses PrinlitVJ. P05toge ond sloiorvjy Subscriptions orKJ donalK)n5 Sundry and other cos15 Trovel ond SU$tenCe Advert15ing and [Yn015 Legol ond profes$TrY fees Bookshop stock Cafe 51ock GK¥ing out 136.717 15.665 19.166 7.242 9,013 919 766 929 21.409 7.252 3.217 7.655 159.366 17.319 18.653 10.492 10.806 812 458 22.379 8.326 7.715 44.888 40,387 2.94? 300.317 Share ol wpport and govemonce costs (see note 71 5uprxyt Govemonce 4.517 1.710 10,784 1.314 287.176 312.415 Anatysls by fund Unrestrted funds- genert Unreslrtled lunOs- desigrKJted 285.473 1.703 302.845 9.570 287.176 312.415 Supp cosls oloeoled to Octtvles 2ty24 2023 ienCeS and subscrip1K& Bank ch(xges Mortgoge int¢Yest ond dispo1 costs Govemance costs 2.617 3.413 1.938 5.433 1.314 1.710 6.227 12.(Y38 Anotysed btheen: Expenditure 6,227 12.098 14-
Kingdom Advance Nelwork
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
rnovemenl In funds
2024
2023
The nel moverrEY)t i) fLKKts is stoted ollw ctKXgirollcreJlrol'.
Fees t)ayakAe f¢x Ihe iryjependenl exCWnir1l)n ol the ch(xiWs [norm)I
statements
DeryecolB)n ol ovmed tongilye rued ossels
Ios5 on disposal ot ta frxed {et5
1.710
15.666
9.953
1.314
17,319
60.(KK)
None ol the Iw5tees any y)n5 CWECted wlh them) re1Ved ¢)y remunerolK)n or benefils from the
charitate trust during the ye(w. other th Mr A K Smilh, Rev 5 Wo1$c ormy Rev J Watson WIK) recewe a small
sOry trom the Ch(ty.
70
Employees
The averoge monthty nLNY)bwof en4)hty duiTha the yecx wo5:
2(Y24
Number
2023
Numbei
Employmenl Costs
2f24
2023
Woges otKJ sokJfes
136.717
159.360
Tfwe wer8 fK) 8mpk)yee5 W)se (mnual iemuneratK)n VK]5 nKxe tlvjn £I.(1x1.
Olher expen
Kingdom Advance Netw¢) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tanglble ffxed u55ets Hxtrw*iand Nrys C051 Al l Jonuory 24 AddilK)ns Disw50 Y)3.116 11.374 295.968 16.497 799.084 27.871 Al 31 Decemtw 3Y24 514.490 192.831 707.321 Deyeclollon and trnpaknient Al l Jonuary DeFYec(o1 charged Ihe y8(y Eliminated tn re5pecl ol dK>SaI5 ).751 S.IX) 215.096 10.536 I ICQ.9991 265.847 15.666 I108.91 At 31 December 2024 55fft1 116.633 172.514 Corylng omounl Al 31 Decembw 2024 4S8.8)9 76.198 534.W7 Al 31 Decernts )Y23 452.365 57.182 s.236 14 Stocks 224 2023 Slcck 7.8 15 C01$." omounts famkng due wlthkn one ye 21Y24 2023 AccruoL% ond defayed ncwne 16 Rekrted purty trunvJ¢llons Ihwe were reh)led rK¥ty fronsoclK>ns dLVi)g yety13)23. nc¥)el. 16-