Registered ChArity No. 1143939
KING'S COLLEGE LONDON THEOLOGICAL TRUST
Report and Financial Statements
Year eDded 31 July 2024

KING'S COLLEGE LONDON THEOLOGICAL TRUST
Contents
Page
Trusl¢es and professional advisers
Trustees, report
Statement of Trustees, re5ponslbilltffies
Independent Audltor's report
Statement of flnanclaj activiti¢s
BAIAn¢e sheet
Cash flow statement
io
Notes to the *ceDunts
11-13

KING'S COLLECE LONDON THEOLOGIC.IL TRUST
REFERENCE AND.ADMINISTRATIVE DETAILS
TRUSTEES
The Revd Dr Giles Legoi)d- Chairman
The Revd Canon Dr Alison Joyce- represer¢ling The Bishop of London (ex oJTicio)
Professor Shitij Kapur,.Principal of King's College London (ex otTicio)
Thc R¢vd Barry Nichols
The Revd Canon Dr H￿¢1 Whitehead
The Revd Jennie Hogan
The Revd Dr Peniel Rajkumar
TRUST ADDRESS
King's College London
Strand
London
WC2R 2LS
AUDITOR
Gowers Limited
The Old School House
Bridge Road
Hunlon Bridge
Kin8s Langley
Herts
WD4 8SZ
BAIYKERS
CAF Bank Ltd
25 Kings Hill Avenue
Kings Ilill
West Mallirig
Kent
ME194JQ

KING'S COLLEGE LONDON THEOLOGICAL TRUST
TRUSTEES, ANNUAL REPORT
Year ended 31 July 2024
The Trustee5 pr¢seni their annual report and fmancial statements of the charity for the year ended 31 July
2024. The financial sLitements have been prepared in accordance with the accounting policies set out in
note I to the accounts and comply with the Chllrittes Act 201 l and Accounting and Reporting by Charities:
Statement of RecommeTJd¢d Pia¢lice applicable lo charities preparing their accounts ir.. accordance with the
Financial Reporting Standard applicable to the UK and Republic of Ireland.
OBJECTS AND ACTIVITIES
The objects of the Trust, as s¢t out in the Schem¢, are as follows..
the provision of or assisting in the provision of residential accommodation for students in the
Department of Theology aftd Rcligious SiudiL'S of King's College London.
2. furthering the educJtion of such students, and of former sttjdents of the said Departmenl in such
ways as the 'l-rustees tliink fit.
3. furtherin8 the vocational training of such s￿d￿nIS or fonner s￿dentS and in particular of Ihose
who intend lo seek ordination in the Church of England. and
Ihe advancement of the Christian rcligion, particularly in accordance with the doctrines of the
Church of England, among such students and fonner students.
The Trustees achieve these objects principally through the award of grants. In particular, they intend to
support P05tgraduate overseas students from developing countries undertaking doclor&Vm&8ters research,
and to make individual gTants lo home students undertaking courses in the Dep8rtmcnt of Theology.
Vocatirjnal training towards the ordained ministry wsll be fvrthered with continuing 8r)nts towards schemes
organised through the Dean's Office.
The Trustees confirm that they have referred lo the guidance coniained in the Charity Commission's
general guidance on public benefit When.￿ viewing the Tnist's aims and objeclives and in planning ￿tUre
aLlivilics and .seltin&y d)e grant making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
Durin8 the year, the Trust funded two overseas scholarships to students studying for w)stgraduale
qualifications within the Deparirnent of Theology and Religiou5 Studies of Kin8's College London. These
gcholar%hips are awarded to students who are able to benefit from the educational opportunity offered by
the deparimenl who arL unable lo obtain an education ai this level iii their own country and who are
expected to make a significant contribution to the religious lite of their country Ihrou&h the medium of one
of the ChristiAn deT￿MInatiOns.
In addition, the Trust received Iliree applications for individual small grants and nN"o were successful in
being awarded lunding. These awards are madL principcilly to assist with IhL' cost of tuiiion fLL's for home
students, although requests for other PUTposes, such as ihesis preparation and travel in connection with
research are also considered.
The Trust also provided support to the Chaplaincy at King's College London by funding two assistants
which has enhanced the work of the chaplains. These &w￿dS assist with the vocational training of Students.
Past assistants have continued to minister within the church.
FINANCIAL REVIEW
The total income for the year, derived entiTely from investsnents and bank deposits was £156.074.
The lolal expendilui'e for Ihe y¢ar was £172,057. The expenditure consisted of grants of £101,800 to three
students, £61,702 expenditure in fuitheTing the education .and vocational training .of students and fomier
students of the Department of Theology and R¢ligious Studies of King's College _ondon and £5.375 on
n￿nagement and administrntion. and the audit fee of £3.180. The excess of expenditure over income for the
year was £15,983.

During the yeaT, th¢ market value of the Twst's investments increased by £480550 to £5.644.985.
Total fimd8 of the charity as at 31 July 2024 amounted to £5,914,163. The Trustees, polic). is to maintain a
capital base from which to generate income to support future beneficiaries. They achiev,: this by adding to
the original capital sum all capithl gains arising from the Trust's investments and only spending illcorne. As
at 31 July thi5 capital reserve amounled to £5,548,598.
In addition. the Trustees mainlain an income reserve a5 a cushion against ihose years in which expenditure
exceeds income. This may occur because there are a higher number of applicanL& which the Trustees
onsider deserving of support, or because circumstances Tesult in a student requiring surport over a longer
period than was originally envisaged. To give the Trustees thls flexibility and to ensure that the Trusi can
continue to support a student through to completion of their course. even when this has ha.J to be extended
for unforeseen reasons, the Tnkstees have decided to mainlain a reserve of between 6 and 12 months of
annual expenditu￿.
At 31 July 2024 th¢ income reserve was standing at £365,565 equivalent to 25 mDDths of expenditllTe, far in
excess of the policy. A reorganisation within King's College London has Te5ulted in fewe~: swdent5 applying
for gran15 and diffi¢uliie5 in fmding oversvas scholars of a sulTicient standard to undetske succe&sfully a
higher degree have contributed lo a decrease in expenditure in previous years.
The Trust's Investment policy is to maintain the capital value of its AnvestmenL aftej
inflationary factors and g¢ncTale sufficient income to meet its objective5.
taking into account
During the ycar, the total returns on the Trust's investment was an increase of 12.10/0 consisting of a 9.30/
inciLu5L in the value of investments and a 2.8 /D income yield.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The T￿st was fornied under a s¢h¢me approved by the Charity Commission on 19 Sepiember 1980. The
Trusl was previously trea*d as exempt from the requirements lo register wilh the Chariiy Lcimmission under
the provisions of the King's College London Act 1978. However, following the cha.'Iges lo regulation
introduced in the Charities Act 2006, the Tjvstees decided that this exemption was no longer appropriate. On
23 September 2011. the Trust was regis*red with the Charity Commission in Engla1c, under Charity
Number 1143939.
There are seven Truslees - two ex-officio Trustees being the Pn'ncipal of King'5 College London and the
Bishop of the Diocese of London or his or her nominated repTesentalive wilh five co-opted Trustees.

Statement of Trustees, responsibilities in respect of the Trustees, annual, report and
the financAal statements
Under charity law. the trustees are Fesponsible for preparing a, Tr￿tees, Annual Reportand the financiaE
8temellts in accordance WTth applicable law and regulations. The In￿tts ar¢ required io prepare The
financial. 5tateFnents itl accordance. with UK Aeeollnting StandaFd% including FRS 102 171¢ Futiziicial
Reporting Shuiduwd applicable in klie UK and Republic oflYelaH
The financtal statements are required by law to g￿ve a true and f8ir view o.f die of affatrs of the tharity
and oEthe inconiing resources and application of resources for that period.
In prqjari'ng these financial. sratemenrs, generally accepted accounting PTactice. entatis that the trutrtts:
select suitable accounting policies and then apply thenTr consistently.
njake judgernenls and eslimates that are reasonable and prndent:
state whether applicable UK A¢Col￿ting Sfandarts Etnd the StateFnent of Recommended Practice
have been followed, subject to any material dq)artures disclosed and explained in the fillartcial
sratements,"
state whether the financiat statements comp5y wilh the trust deed, subject to any material. deparbjres
disclosed and explained in the. financial 5talemerJts'
8&qess the charity's abili(y to coDtsnu¢ as a going concern. disclosin& applicable. mattets related ro
going concern. and
use the. going concern basis of a¢coL￿ting unl&8s they elther intend to liquidaie the tharity or to cease
operdlions, or hav¢ no realistic al'ternativi e but to do so.
The tr￿Stee5 are required to act in accordance with the trusr deed of the cbarity, wirljin the framework of tDJst
law. T.hey are responsibl'é for keeping accounting tecords which are sufficient to show and explain. the.
charity's transactions and disclose ai any time, with reasonable accuracy, tILe fi'nanciai Psjsition of the chariry
at that ti,me, Bnd to enabl'e the tr￿St￿S lo ensure iha4 where any staicments ol accounts are, prepared by them
under section 132(1) of the Charilies Act 2011, those staEeJnents of qc£ounts comply iviih tbe requirements of
regulations Lmder that provisioD. They are responsible for such internal contml Is they deteErninc is necessary
to enable the preparauon. of finAnci,al. staremellrs that are. free frorn niaterbal. missiatement, whether due to
fraud or error, and have general responsibil1.ty for takin¥ such s¢eps as are reasonably ojen io them to
safeguard the assds of the chariry 8nd to prevent and detect fraud and other iTFeguldrtties.
The trustees are responsible for the maintenance and integriry of the financial and other Linfonnalion included
on the charity's websire. Legi51afion in the UK governing the prepardiion and disseminaiion of financial,
statements may differ from legislation in otheriurisdictions.
Approved and signed on behaffif of the Tntstees on
04 ￿ 2gzr
Truste

Independent auditor's report to the Trustees of King's ColIege London Theol.)gical: Trust
Opillion
We have audited the financial statements of. King's College London Theological TnL8t ("d]e
charl￿} for the year ended 31st lujy 2024 which coinprise the statement of financial activities,
balance sheet, wh flow statement alld related notes. including significant accourting policies. The
financial r¢porting framcwork that has been applied in their prep￿allOn is applicable law and.
United Kj'ngdom Accounting s￿idards, includiiig FRS 102 The Financial Reparting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generatly Acc=pted Accounting
Practice)- our opinion, the financial state]nents.'
give a true and fatr view of. the state of the charity's affairs at 31 st 202,4 and of its
incoming resourc&s and application of resources for the year then ended.
have been properly prepa￿d in accordance with UK. accounting standards, including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Lrland. and
have been prepared in accordallce witli the requirements of the Charities AcL2011.
Basis for opinion
We cO[￿UCted our audit in accordance with Intcrnational Standards on Auditing CUK:) (ISAS (UK))
and applicable law. Our responsibilities under those slandards a￿ further described ID the Auditor's
responslbilities for the auth't of the financial statements section of our report. We ￿e ￿depellden[ of
tbe charity in accordance with the ethical requireinents that are relevant to our audit of the financial
stateinents in the UL including the FRC'S Ethical. stsnd￿d, and wc h&ve fulfilled OLr other ethical
responsibilities in accoidance with these iequirements. We belteve that the auth"t evicence we have
obtained is sufficient and appropriate to provide a basis for our. opinion.
Conclusions relatlng to golng concern
In auditing the financial statcinent5, wc liave eoncluded that die trustees. ￿se of the going concern
b￿15 of accounting in the preparation of die fu)anciaJ sratetnents is appropriate.
Based on the work we have perfornied, we have not identified any material wiccrtainties relating to
events or conditj'ons tliao individually or collectively, may cast significallt douE.t on the charity's
ability to continue gs a going eoncem for a, period of at le&st twelve months ftoÉn wheiL the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the tTr￿tee5 with respect to goiJ¥ concern are
described in the relevant sections of this repott
Other Informatlon
The other infom]ation con1prises the infonnation included in the annual. report other than the
fm. ancial ststenieiits and our auditor's report thereon. The trustes are responsible for the other
infonnation contained within the annual reporL Our opAnion on the financial statements does not
Cijver the other infortnation and we do not express any fom of ass[￿an. cc conclision thcreon. Our
responsibility is to read the other infonnation and. in doing so, consider wh&her the other
information is tnaterially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or othenvise appears to be matcrially misstated. If we identify such material
inconsistencies or apparent material inisstatements, we are required to detennine whether thi5 gives
rise to a material in,isstatement in the financial statenieiits th.emsel.ves. If, based on the work we have
perfornie￿ we conckude. that there is a material tnisstateinent ol this other ini.OITfiation. we are
required to report that facL
Vle have nothing to report in this regard.
Matters on which we are required to report by exception
Vle have nothing to report ID respect of the following matters in relation to which the Charities
(Accounts and Reports) Regulations 2008 require us to report to you if, in our opinton:
the infomation given in the trustees. report is inconsistent in any material respect with the
fin2nciaL statements. or
sufficient accounting records have not been kepL or

the financial statements are not in agreement with tlie accouDttng rccords" or
we have noLreceived all. the inforniatson and explanations we require for our audit
Responsibiliti￿ of trustees
As explained more fi￿RY in the statement of. trustees, responsibiLities, the ttiistees are responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such inten￿1 eontroI as the tn￿teeS detennine is necessary to enable the preparation of
fmanciaL sLitements that are frce from material niisslatement, whether ¢￿e to fiaud or error. In
preparing the financial statements, the trustees are ttsponsible for assessing the chLrity's ability to
continue as a going Conce￿ disclosing. as applicable. niatters related to goiiig concern. and using
the going concern basis of accounting unless the trustees either intsnd to cease operations, or have
no realistic alternative but to do so.
Auditor's responsibilities for the audtt of the financial statements
We have been. appointed &s auditor under section 144 of the Charits'es Act 2011 and report i
accordance with the Act and relevant regulations made or having effect the￿under.
Our objectives are to obtain r￿Onable assurance about whether the financial statcments as a whole
are free fro￿ tnatetial inisstatemenL whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of a&SuraZ￿ but is not & guarantee
that an audit conducted in accordance with ISAS (UtQ will always detect a, tnateridl misstatement
when it exists. Misstatements can arise from fraud or error and are considered ntttrrial. if,
individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these fu￿n¢la} statements.
lttegularities, including fraud. ar¢ instances of non-coinpliance with laws and regujations. We
design procedures in line with our re8ponsibil Itics. oullined above. to detec material misststements
in respect of. irregularities, including fraud. The extent io wbich our prcjcedures are capable of
detecting irregu]arities, i11cludi￿T fraud, is detailed below.
In identifying and assessing risks of. material misstalEment. in respect of, irregujarities, iDcludiDg
fraud and noncoiiipliance with laws and regulations, our pi"ocedures included the following:
the nature of the chartkble sector, the charity's control environment and performance,
results 0£ ow enquiries of iTJanagenieDt and representatives of the iustL'es <ibout their own
identification and ass&ssment of thL ojf i￿egUlarltieS.
any matters we identified having reviewed the charity's proced￿ relating to identifyin&
evaluating and complying with laws and regulations and whether they We￿ aware of any
instsnces of non-compliance.
detecting and responding to the risks of fraud and whether they liave knowlcdge of any
actual. suspL'Lled or alleged fraud. and the internal systems established. to mitigate risks
related to fraud or nonrycompl1￿ce with laws and regulaiions.
the matters discussed among the engagement te￿ including tsx", regarding where fraud
migbt occur in the financial statem. ents and any p)tsntial indicators .)f fraud.
As a resulL of the above, we consÈdered the opportunities and incentives that miy exist within the
organisation for fraud and identified the greatest potential for fraud in management ovetride of
controls. In common with all audits under fsLfj (UK), we ate required. to perforni specific
procedure5 to respond to the risk of management override. We also obtained an understanding of
the legal and regulatory framework iii wliicb the company operates. focusing on provisions of those
laws and regulations that had a direct effect on the detem]ination of material amounts and
disclosures in the financial statements in this C￿e. specifically in this conrexL Charities Act 2011
and tax Icgislation. tn addition, we considered provisions of other laws and regulations that do not
have a direct effect on the f￿ancial statcinents but compli￿]Ce with which may bc fundamental to
the cotnpany's ability to operate or to ivoid a lliaterial penalty.
Audit response to risks identified
Having perfornied the above. we did not identify any key audit matters Telat¢d to the potential risk
of fraud or non4otnpliance with laws atLd. r¢gulations. Ila addition to, the above, 0￿. procedures to
respond to nsks identified included the followtng:

reviewing the fJnanciaL statement dtsclosures and testing to supporting documentation to
assess coinpl lance with relevant l&ws and regulations discussed above"
cnquiring of nionagement, the ttustees and in-house manage￿ent concerning actual and
potential litigation and claims.
performing analytical procedures to identify any unusuat or unexpect&d relationships that
may in(b'cate risks of niateriaj misstatement due to fr&ud' and
in addressing the risk of fraud through managenient override of conJols. reviewing the
appropriateness of journaL entties and other adj'ustrnents. and evaluating thc business
rationale of any significant transactions that are unusual or outside tn¢ nornaal course of
business.
We also coirniiunicated relevant Identi,fied laws and regulations and potential fraud risks to all
engagement team members, and remained alert to any indications of fraud or. non-compliance with
aws ￿ld regulations throusliout the 8udiL
A further descriptioii of our responsibiEities is available on the Financial R'eporting Council's
website at:
s:/lwww.frc.or
.uklauditorsres
onsibilities This descrtPtioL fonns part of. our
auditoi s reporL
Other matters
Your attentioii is drawn to the f￿l thaL the tharity has prep￿ed fmancial ststeinents in accordance
with -AccountiJig and Reporting by Charities.. Stratement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting star.dard applicable in
the UK and Republic of Ire1(￿d (FRS 102)" (as ￿llended) in prefe￿nCe to die Accounting and
Reporting by Charities.. Statement of Recom,fftended Practice issued on l Ap-,il 2005 which is
referred to in the extant re￿latiOnS but has now been withdrawn.
This has bcen done in order for tlie financial statements to provide & irus and fair view in
accordance with current Geiierally Accepted Accounting Pr%tice.
Use of our report
This ieport is inade solely to the cliarity's trustees, as a body, ID accordance with part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work. has been ￿idertaken so that we
might slat¢ to the charity's trustees those matters we are required to state to r&]em in an auditors,
report and for no other pu￿oSe. To tlie full'est extent pemiitted by law,. we do not accept or assume
responsiljility to anyone other than the charity and the charity's trust£es as a body, for our audit
work. for this irporL or for tlie opinions we have fomied.
Gowers Limite(L Statutory
The Old School House
Bridge Road
Hunton Bridge
Ktngs Langley
Herts WD4 8SZ
dito

KING'S COLLEGE LONDON THEOLOGICAL TRU
srA TEMENT OF FINANCtAL AcTIv￿[Es
Year ended 31 July 2024
Totst
Unrestricted funds
Note
2024
2023
tncome 2nd Endowments
tnvestrneat income
Total income
1,56.074
l56,074
[52,125
.52,1'25
E%penditure
Expendilur¢ on charitable activities
172,057
203,849
Net Inco￿(eXpendItUre) and net movement in funds
' before gains and losses on Investments
(l5,983)
(5 I,724)
Net (losses)IgdiDS on investments
480,550
(50,584)
Net Movetnent In Funds
464,567
(I02.308)
Total Funds brought forward at L, August
Total Fund$ carried (orivard at 31 Jvly
5,449,596
5,551,904.
5.9L4, L63
S,449,596
AEI ineotne and expenditure deri.ve from coDtsnuing operdtions.

KING'S COLLEGE LONDON THEOLOGICAL TRUST
BALANCE SHEET
as at 31 July 2024
Note
2024
2023
FIIXED ASSETS
Investments
5,644,985
5,164,435
CURRENT ASSETS
Debtors
Casjl at bank and i.n, h2nd
47,749
225,748
273,497
50,467
237,694
288,161
CREDITORS: amounts falling due withfn One yeAT
NET CURRENT ASSl<TS
4,319
269,178
(3,000
285,1,61
TOT.AL ASSETS LESS CURRENT LIABILITIES
5,914 L63
5,449,596
Funds
Unrtitricted funds
5,914,163
5.449,596
The firL4nCtaI statements were approved by the Trustees on
on th-IF bebatf.
2025 and signe(t
4,/qZ a
Trustee

KtNG'S COLLEGE LONDON T￿EoLOGIcAL TRUST
CASH FLOW STATEMENT
for the Period l August 2023 to 3 1 July 2024,
Note
2024
2023
Net.Cash Oufflow From Operating Activitres
168,020
211,701
CasE. flows from tnvesttng activities:
Interest and dividEnds
PaynentS to acquire investments
Procctds from sales of investments
56,074,
(1.500,000)
.500.000
152,125
et cash provided by investÈng activities
1156,074
51125
Change in cash and cash equivalents in the year
(11,946)
(59,570
Cash and c&8h equivalents brought forward
Cashi and cash equlvalents Carried forward
237.694
297,270
237,694,
225,748
10

KING'S COLLEGE LOLYDON THEOLOGICAL TRUST
NOTES TO TIJE ACCOUNTS
Year ended 31,, July 2024
I ACCOUNTING POLICIES
The Financial and Reporting 5tatetnents are prepated in accordance with tbe StatcmenÉ of. Reconunended
Pta¢tice"Accounting and Reporting by Charities" (FRSI 02) issued in January 201.5, and applicabl¢
accounting slandards. King's College London Theological TFWSC meets the defixition.of a'public benefit entity
under FRS 102.
The Trustees consider that there aye no material uncertainties about the Trust's ability to cotttinue a
golng concern. The Tn￿tee￿ have reviewed cash flow forecasts for a period of twelve ntonths from the date
of apprnval. of these financial stalerneDts, which indicate that, takitig account of reasonable possible
downsides such as no income for twelv¢ months and a IOOA decre&se in the valu¢ of wJiv&smients. the Trusi
wiFTr have 5uITicient fim(ts, to meet its liabiliti￿ as they fall du¢ for that perio¢l The mosl significant areas
of adjEtsÉment and kEy assumptions to do Ivith the carrying value of wets held by th¢ Tr￿st and the level
of investment return and the perfortnance of invesrnenf nwkets. The particular accountmg pol'icies adopted
by the Truslees are described below.
AccouDtlng conventfion
The f￿anCiaL ststemejts a￿ prepared undet the historical cost corkvention as moaified, by the revaluation of
investsnents to market valu
FuDd accoundng
Unrestrtcted funds represent accumulattd income and gdins togcthcr with, the origirbal capitaL sum provided EO
establish the TEUSt. The funds a￿ expendable at the discretion of rhe Trustees in the fu3thcTrnce of the objects
of the charity and rnay be used to finance both working capiral and capital investment. It 15 the policy of the
Trustees to maintain a capital fund from wh&ch to geoerate income to support future beTrefjctaries which they
do by addin8 capital gains arising from the Trust's investrneots to tbe original. sum.
Incomlng resources
Al&, Income is recogwsed in the statement OE financial, activities when the conditions for re￿Ipt have been
met and there is Tca50nable assurance of receipt. Where a ¢lairn for repayment of'incorne tsx has or will
be mad4 SLkch incorne is grossed up for the tax recoverable.
Le8ary gill% are recognised on a case by c&%e b&sis following the ￿4nting of probate vknen.the
admlllistratorlexeculor for the estate h&$ communicafrd in writing both the anouDt aDd setrlement date.
Investment income
Investtnent income is accouDted for wben re￿[vable.
Cbaratable expenditure
All expcndit(Ere is accounted lor OD an accru21 basis. Cbarfttable expenditu￿ Includes all expenditure
directly related to the objects of the charity and cotnprt5e5 the followRn
Grants payable are accounted for when the Trullees have accepted a legal or mornl, oblizatton to
m2ke the grant.
11

KING'S COLLEGE LONDON TH,EOLOGICAL TRUST
NOTES TO TEE ACCOUNrs
Year en(ted 31 Juty 2024
. Management and administration costs rElate to expenditur¢ incuyred in the manageanent of the
charity's assets aDd organisational administrntion.
Governance costs
Governance costs comprtse au. costs involvin.g the compliance with constitutlOE13F and Statutory requirements.
public accountabtitty of the charity and its cornpliance with regulation and good practic&
Staff costs
The Trust employ￿1 no staff during the year.
IDvestmeDts
nvestmellts ar¢ Wdlued ￿sing the bid prtce. Reaiised 8nd unreallsed gains alld lossev are shown separately in
the appropriate sectioTr of the statement. of financia& actiiiities.
2Q24
2023
2 INVESTM￿ INCOME
Ineome from UK. invcstments
Bank interest
Iii4.990
-17,1.35
152,12S
1.1..973
156,074
3 EXPENDITURE ON CHARiTABLE ACTlVtriES
Materbal grants payabl¢ by the Trust..
Grdnts to students (2 students. 2023: 1 student)
Overseas scholarsbips and 8fdnts (2 studenr%' 2023. 3 students)
Furtbering bolh the education, aod Vocation￿ training of students
Furthering the vocational training of stud'ents
Management and administrdtion
AudÉt fees
5,500
96,300
1.4260
4'7,442
5J75
3.180
172,057
1.500
l37,940
L2,500
43,690
5,21.9
3,000
203,849
4 INVESTMENTS HELD AS FIXSD ASSETS
arket valu¢ at L August
Purchases
Disposal procee¢ts
Reaiised loss disp0521s
N'et on revaluation
Market value at 31 July
5,164,435
L,iOO.QOO
(I,500,000)
(74,945)
555,495
5,644.985
5,215,019
(50.584)
5.164.435
C05tat 31 July
4,06L,533
3,648 064
5 DEBTOILS
Aeczued lnvesm￿nt income
Other debtors
47,749
47.749
50.467
12

IaNG'S COLLEGE LONi)ON TiIEOU)GICAL TRUST
NOTES TO THIE ACCOUNTS.
y.ea.r ended 31 2024
6 CREDITORS. AM'OUN,.TS FALLING DUE WITFIIN. ONE YEAR
Grnnts to sludents
Audit fee
Oih¢r Creditors
736
3,L80
403
3.000
3,000
7 FUNDS
To￿1
Unrestricted
Funds
Capital
Fund
rncome
Fund
2022123
As at l August
5,068,048
38L548
5.H9.596
5,551,904
et tncomrng Resource8
480,550
(15,983)
365,565
404,567
(I02,308)
5,548,598
5,914 163
5,449,596
The capital fund includes the oriwal capital 5UTll of £482,763 provided to estsblish the Trust aod
accwnulated capital gains.
RECONCILIAT￿0￿ OF NET MOVEMENT IN FUNDS TONET
CASE[ FROM OPERATtNG ACTtVlTtES
2023
Net movement in funds
Dr)Juct. investment incom¢
Deduct Eainsladd back losses oo inveslmenis
(Incrcaseydect¢ase in sundry debtors
tncreasel(decrease) in sundry creditors
N'et cash used. in operatyng activili&s
464567
(l i6,074)
(480,550)
2,7l8
I,3 L9
168,020
(L02,308)
(152,l25>
50,584
(2,72&1
(5,126)
(2ll,701
9 KEY K:ANAGEMEiYf PERSONNEL AND RELATED PARTtES
Tbe trustees Co￿SEd¢r tbe board of trustees as comprising the k'ey maoagement persoaFJel. of the ctr&arity An
cbarge of dkrecting and controlling the charity and. running and operating the chority OD i day to day b35i5.
All tnLStees give of theTrr tinTre fredy and no trustee. remullerdlion was paid. in the y&qr.
No trustee received reimbursement for travel expen.ses during the year. {Previous year: £5 L one trustee)
10 TLXATIO
Kin¥s College LowdoD Theolo￿￿[ Trust is coosideredto Pass th¢ t&sts set out in Paragrapb I ScheduEe 6
Finance Act 20 LO and the￿fOre it rnttts the definition. of a charttable trust for UK incone tax purpose&
Accordingly, the clkartty is potentiall'y exetE]pÉ flum t￿tiOn in. respect of income or capital gains receival
withtn otegoTies covered by Part 10 Incotne Tax Act 2007 or Section 256 of the TaxalÉorL of Chargeable
Gains Act l992. ro the extent that such. income or gains. applied exclusively to charitable purposes.
13