2025-03-31-accounts

REGISTERED CHARITY NUMBÉR; I 158890 Audlted Financ(al StstefflentS lor tlie year elided 31 March 2025 for Kliwsyiocd aiapel Trust DIH Audit Ltmiled Slalulory Auditors a)ur¢h Covil StourbiKlge Ro44d Ha￿soWen West r4idlands B633

Klngsviood Chapel Trust Contents of the Financial £taternents for the year ended 31 March 2025 Page Report of the Trustee5 Retx)rr ol the Independent Auditors Statemen¢ of Financlal Actfville5 Balance Sheet Notes to Ihc Flnandal Statcmonls 10 lo 14 Delalled Slateiiienl of Financlal ActNities 15

Kiiigswoocf Cl￿pe1 Tiust Report of the Tritr%tees for the year ended 31 Marth 2025 The I f(Islees present their report ¥￿th the audited firtancial staten￿ntS of the Charfty for the year ended 31 ￿larch 2025. The Trustoes hove odopted tlie pioviyons of Accounting and Rerx)rling by Charities,. Statement of Recommended Practlce appllcable to charilles preparlng thelr accounts In accordarKe iyith the Financlal Re￿￿ng StarKlard applicable In the UK atKI RepublK ol Iieland (FRS 102) {eflechve l January 2015). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charrty numtser l158890 Principal addre55 CIO Veèle Wasbrou9h Vriards LLP PO Box 3501 Brlslol BS2 2FL Trustees A Be.rry M Brldgmon K L Burns K Jinks JRKay D l slade P Whlte (Chalr) G Be¥ry Audltors D)H Audll Llmlled Statulory Audltois Church Court Stourbrldge Road Halesoiyen West Mldlands B633 Solicitors & Clerk to the Trustee$ Veale Wasbrough Vt7ards LLP PO Box 3501 8rlslol BS2 2FL Investment Manager and Adviser EFG Harris Allday 5th Floor 103 Colniore Roiv B3 3AG Bankers Unity Trust Bank PO Box 7193 Plaiietary Road willenhall WVI 90G Page I

Kingv(yJd cha￿ Trust Report of the Trustees for tlie year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Objectlves and alms The Trust Is managed vnder the Constilutlon dateo 17 Octthr 2014, ag amencfed by a re501utbn of the Tnjstees on 16 October 2015 ai)(5 regSstered by the Cliarity CDniinissioii ori J2 NoveiDbei 20J5, The Trustees are aprKJinted by lelkjvi Trystees. The objects of Ille Trust, as deflned by the ConsNlutK)n. are.. (l) Ilie provision aiid IiialiilenarKe of a Cliapel aiid ljuriol gTovnd for use for ￿1{910￿5 y￿r$I)Ip In accordaiice witl) the prlnclples of Unilarianlsm a5 deflned In the constitution of the Geiieral Assembly d Unitarian and Free Chrlslian Chiirches,. 121 to asslsi In the payment of the stlpend of the Minister andlor the Asstslant Trllnlster and any related expenses of such offi￿,. 13) lo assist in Ilie provlsbn of accommoda1￿ for the Minlsler andloi the Assista171 Ninlster,. 141 to further the religious and other charilable woik of the congregation; {5) PF and In so lar as the Income of the Trust cannot be applied to the ci>jerts above it iiiay be apF4ied In furthcilng the objects of the Midland Unltartan Assoclalion (regF5tered Charlty Numbt¥.r 50(V)25) ar the Gencrèl Assembly of Unltailan and Flee Chrtstn Churches {Reglslcred Charity Nurnber 250788). The Chapel is nan)ed kii?9svmod t4eetlng House. Packhorse Lane, HOll￿v(¥￿￿. Bliniingham 847 5DQ. The congregaboii uslng the thapel Is called KlngsivocAI Meet(ng House, on exempt charity operalli?g under Ils ovin consircudon the current verslon of whlch Is dated 30 June 2024. Slgiiiflcant actlvltle$ Ihe Trust siippcrfts the ivork of the congiegath)n by making lunding available t£xvards Ihe stipend of a fv1inlsler and the sjliiry of the Lay Assistant lo the cmgregatrnn, hy promding accommodation ihem and keepSng the Chapl In a good slate of repalr and by carrylng out malni&nance iyoik as necessary to the fabrlc of Ihc ￿lIldIng5 oyorall. The ChaFel and adjacei?t Parsoiiage Iiave been Gr￿e 2 Li51ed since 1999. Advlce on maintenance and repalr is lakeii fron) èli experlence(l RICS qualified conservation building suNeyor. The graveyard and grounds are alw niainlained by the Tnjsl. The conoregètknn make t1￿ Chapel open viilhout dlscrimJnalh)n lo all niember.s of the puNic and ivork toivards the proniotlon ￿ rellglon In accordan￿ ivlth the prliiclF4es cl Unllarlanlsm. The schoolroom at Ihc reor cl the Chapel Is made awd{￿ble by the congregadon committee lo a rarrtJe of local youth and cominunity groups as well <15 Its oviii activit￿5. Trustees are sa11sf￿a that Ilie use of Ilie c17a￿l aiid its assoclaled buiiding51s uodeJlake17 for yublic benefit In 4¢cordan¢e with gUKlance issued by the Chaiity Commlsslon on pui4ic benelit. In carylng out its charflaE4e oblects, the Trust IIDlses ivlth the congregatton commilloe as aprKoprtate recelvln9 regulaT reports aboul act￿11￿5 that they urKlertake. The congregatlon cofflmttlee members are appolnled In accordance wttli tlieir own conslitulk)ri al an aniiual geneial Ineetiiiy. Tb¥o of Ilie CUr￿lIt (olig￿allQn (￿111￿111ee are a150 Trustees or the Trust In respect of whlch any p)tenlkil conflict ol Interest is managed accordingly. The flnanclal assets of the Trust are hekl In a nomlnee attounl by EFG Haffls Alldèy (EFG). the Tr(￿1,$ finondal adviws and managers who are apwlnled on a dlscrelionary ba5b lor the endovimenl p)rtfollo. Addliional unreslrlcted lunds are also held by EFG ()n an adv5sory ba&s. An inve5tinenl sub-committee comprisiny th￿e Iwslees u5uèlly meets with EFG twice a yeèr. A report fion) each nieeting is provlded to the next available Trustees meeliiig, The Trust reneivs annvalty a specialfj.st insuiance polKy 10 C(wer tr()ih ils own ach"vitfes, piit4ic liability cover for wsilors to the Chapel and to provhle buildlngs atNJ cimtonts cover. Page 2

Klngsviotsd Chapel Trust Report of the Trustees for the year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities The Trust, s main source ol fInan￿ is inttjme from the endoivrnent portfolio of investments monaged by EFG. Thls Is suppleiiienled by odhoc income arlslng from the Tru#, s manageinÈnt of the gravey￿rd and rentlll income froni the t%Yo neld5 IvhKh rt owns ￿jacent to the graveyèrd. The funding lo be made avail0￿e during the folloi¥ii)g year to sopy)rt the activil*s of the cong￿ ￿tion )s revlevRd annually al the March T￿slee$ meetN)9 for ivhich a budget of income and expe{￿llure Is prepare(i. Thls ￿￿get also has regard to cashfloiy bearfng In niind the flucttjatlng nahjre ()f the monthly income received from the finiinclal inVL￿trnenÈs. The pollcy and ba515 of chargliig for tlTre graveyaid Is kept under revielv. The g(aYeyard feinains open to all but ihdrges for interments vary accordliig to categories, one such calegory beiiig nRnibers1)ip d Ilie congregalK)n. Revlew ol Achtevements Aprll 2024 to March 202S The Trust conllnued to provlde grant 5UPP)rt toviards the costs that the congregatk)n Incur in relallon to n)InLslry. Theie V4a5 no h11n15ter in post during the year aiid 50 Ilie ￿Ver of grant support continued to be reduced lo that supporllng tlie salary of the lay Assistant. Suth grant payments are n)ade by way of nionlhly standlng older lo the Congrega1￿)n bank accoltnt. The posillon of hlinlster remains Ydcant at the present time. The congregatK)n continue to con4der lulure mlnlslry airangenients. The Trust ov411s Iviu (Jviellin9s.' firstly the Parsoiiaye ddjacenl lo the C11a￿ ¥¥hkh Is the Grade 2 L15tlng (Ind secondly 2 Packhoise Cotta0& also l¢xaled iii Packliorse Lane. fil respe£l of botl) (iwellings Ihe Trust remali)s responslble for struthral and exterftal re￿Irs, insurance, slatulory con)pliance a￿1 repalr of the maln services, The Tiusi contlnues lo niake both buildin9s available to Ihe congregation for thelr tsse as living accommodallon. In 2020 iK)th bulldiws were let to the congregatk)n on for temis d 5 years permrtting sublelllng on eftlier a￿uled shorthold lenatKy or serylce oLrupantY term5 a5 approprSate subject to the prlor consent of the Trust. 2 Packhorse ColtaGEs has since acqtjisitlon in 2010 been lor use by the Lay A55151anl. More ￿(e1}tlY Ilie Parsona9e lias tjeeii offjupled uiider an assured shorthold tenancy In ordei to malntaln occupancy iyhllst future rnlrsistry arrangements ale under conskleritbn. The grazlng Ilccnce of the Love Lane Ikld was rcnewLYI for a further 2 ￿arS from Atyll 2023 at tl)e same lent, In 2021 a nevi 25-year le65e of the Baleman, s Green stjbstavon slte In Packhorse Lane wès granted to Ivestern Power Dislrlbullon at a relit of £50 ai)iTruin. Western Power DisliiLwtioii liave recent￿ Lkrome part of NatM)iial Grkj. Malntenance conliacls remaln in ￿ace for the maln Chapel buildings In res￿1 ol flre precaulloiis, pest control and healing rnalnlenance as wdl os a contract for malntonance of the graveyard ond grou￿15 SUp￿rted as necessary by a volunteer group. malnteniin￿ of the diyellings ts carried out on an adhoc bas15 u4ng local SLtpJleis iyhen I￿￿Sary. Tnistees conlliiiie t(> conskler wheil)er lo make donations to either the Mldland Unitarian Assoclallon or the General Assembly of Unltarlan and Free Chrlslian Churches In accordance with its chapllable objects. No d￿latk)nS ivere mad duriiig the year in revlevi, FINANcfAL REVIEW ReseNes policy Hitherto, the pollry af the Trust has I￿en to maiiitain free reseive5 of not k55 than 1100,000 formliig part of Ils unrcslrlcleo funds lo cover the regular outgolngs adminstr3tlon of the Trust. Ho¥%'ever, IhL5 pdlcy Is currently U￿j￿r ievlew an<i In Ihe wcLe55 of being reconsklered Jn the loht of the oblioatlons In respect of the bulldlng project currently being uiiderlakeii. Page 3

Kiiigsw(K)d Cliapel TnJst Re.prJrt of the Trustees for the year ended 31 March 2025 FUTURE PLANS plans for 2025 and Beyond Tru5tee5 conSId￿ the flnanclal Posbtlon ol the Trust to be sound at the year end. The Tiust contlnues lo Ilalse vArh the congreyalk)n atnut thelr luluie plan5 for Ministry at King&Yo(xl and tlie level of filla￿kil support (hat may r¥qui￿d. Jn 2021, Tru51ees received from its relalned RICS qualified conservation building suNeyor quinquennia1 reports for the Chapel and Schoolr(K)m and the Parsonage. Tliese follthy on frorn the 2015 reports since ivhlch b.me niost ol the recommendatlons for malntenance iyork have been carrled out. The Trust remalns responslble for structural and external repairs, Insurance, statutory comFliance ènd repdii of tlie main servlces. Garden Room Extenslon Project and Parsonage Converslon As ivdl as certain major repoirs to the Schoolroom belf)g iequiied, the Triist has for some Ilrnp heen conllnulng lo dlscus5 wltli the conoiegavon potential bulldlng Improvements lo better supEA)rt the community related ac[I￿lIeS of Iigsviood Meellng HDU5e. Tli15 a150 exterKted lo consideration of ionverting tlie Parsonage, a large 4 tedrooni detathed IioL)se, Into tr40 nèls. In 2023 ptannlng and listed bullding consents were oblaiiied. None of the proposed iyork affected the Cha￿1 Itself bul vias lor alterations and repairs lo the S¢hcolroom alongside the constniclkjn of a neyi garden ro(Jm extenslon alongside more modern kitchen and WC faciliues. In o(kliiion, the consents approved the converslon of the Parsonage Into iwo flats. The50 pfans were all w51hln land o¥vned by the Trust and did not iequlre consent5 or ille c{Troperal￿n or tliird parties. There %Yere a ntsrnber of conditions and reserved matters attache11 to the planning and Ilsted bulldlng consents not only In relatlon to the Listing ￿lt alg) bearing In mind that the extension elernent Iviis Intruding Into the Gieen Bell. The Tnjst's srttlaltst advlscr then spent wme time dealing with Complknco i¥llh those condilk)ns bolore undertaklng a lender exerc15e to e5tdblish likely c0515 of tIR W￿k, The lirst lender exercise dkl not produce a sallsfaclory r￿ul1, Ho%vever, after è second ten￿¥ exerctse, the TnJ51 decided al Its Marcli 2025 meeung lo woceed lyith the ivork and In April 2025 entered Into a Jcr form of conlrart ivith a sulta￿e contractor based on an Indkalwe tlme franie 015 months lo COM￿ete the iyork In accordance iyith the planning and listed buildliig consents prewously oblalned. During tlie Fertod ￿tween the tsyo tender exerclses, Ilie Trust had Cdiefijlly consk4eied Iiow it i¥oukl fund Ilie project taking advlce from botli ils financlal and kgal advlsers. Thls also Induded consullatipn with the Cliarlty Commlsslon on certain specific polnls dealt with by the Tiusl's legal advlseis. In practlce, whllst actlvllles In the Chawl r(self were nDI lo affected by the work and able to contlnue more or k55 as normal, both the Schoolioom and Parsonè9e were l￿th fij1￿ handed over to the cvnlraclor and not goSng lo Le in use for the duralKFn of ihe contract. All equiwnent was ￿a(ed in temporary off site storage and the resldenls of Ihe Parsonage temporarily relocated. Graveyard Thefe are several years capacty remalnlng In the graveyard. In ￿0￿nIng for the fulure, the Trust 15 al tlie early 51dyes of considering tlie fea%bility of graveyard exienslon. A5 a first slep, a groundwater survey of boili the iÈn)alThing available land in the exlsting graveyard and also the other potential aieas of avèllable land ivitl)In the Trust. s obvnershlp was carrled out In February 2022 by a Suitab￿ qvalilled firm lo satisfy EnMrDnn)ent Agency requirements. The oiitcome of the rowrt Is consldered lo be salisfaclory both In terrns of the e￿$tIng graveyard and ￿terItIal exlenslon areas. In addltioi), tlie exisung graveyard requlres repalrs lo the old bounclary viall dpAaing It from the adjacent Parsonaoe gardgi) at some w)iiil repaiis to the Inain graveyard path are likely lo be necessary. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Trust Is controlled by Its goveinlng docvment, Its Consiitutlon as a charllable Incorporated Organlsatk)n dated 17 Oclober 2014 a5 amended by a re501utk>n of the Trustees on 16 (ktober 2015 aiid registered by the Cl)allty Comiiilssloi) on 12 No¥eri)ber 2015. nie Ilnked uniiKorwraled cliafity11158890.1)1s still controlled by Ihe Scli8nie apy'oved by the Charity Commi55ion on 28 E(ember 2008. Trustees, rneetlngs are usually hekt tvrtce a year In March and October. The Conslitutlon rffjulre5 a mlnimum Df elgl)t Trustees and for è mlninium of ftve Tru5tee5 to be present al each ffleeling to be quorale. Under the term5 of the Constituti)n, Trustees ère normalty appglnted for life. Messrs Veèle Wasbrough Vizards {VWV), the Trust's sor￿ltOrS, conb.nue to prtswde administralfve 5ervkes to the Trust ?nd lo prowde èdhoc leoiil advbce as rLyuired in connectlon Yiith Trust ￿lICleS and ILS D￿ratIon generally having regar¢J lo Charity Commlssion procedures. The Tnjst continues to the appropriateness of its txJlit5 and proceduies for gcxxl governance. Page 4

Kingswood Cliapel Trust Rer)Oft of the Tnistees for the yÈar ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appolntment of new Trustees Any new Trustees are provlded vilth lrteta:ure outllnlng thelr responsibilittes together wrth a copy of the Constilulioii 6nd ol the TfusL's latest report aThJ fiIiancial statements 01)d they are briefed Ihrough Introductory meeungs aLx)ul the ¢yganlsation and Iheir role before they become Tfuslees. Specific Tw5tee trnining can be offered as ivell. Risk Inanagement The Trustees have a duty to Identlfy and revlew the rlsks to Yihlch the Trust is exposed and to ensvre appropriale controls are in ￿ace lo prowde reasonaue assurance agaii)st Irèud and error. A risk assessnieiit l)as t￿en completed and is regularly updated. tn part￿UL1r, the Trustees have Identified the performatKe ol the Investment portfollo as a result of rhe ever changlng st¢Kk mèrkel as a ilsk lo the Trusl and this is regulJrty kept LifKler revlow. TRUSTEES, RESPONSIBILtrY STATEMENT The Tiuslees are respons1t￿e for preparing Ilie Repoit of the Twstees and ihe finaiicial stateniei)is In accordaiice ivith appllcable law and United Kingdom Accounlln9 Standards {Unlted KingLk)m Generalty Accepted Accountlng PractKe). Tlie kw appllcable to cha11t￿$ In England and Wales, the Charrties Act 2011, Chartty (Accounts ar￿ Rcpoils) Rcgulatlons 2008 and the provlslons of the Constitutson requlfes the Tru5lee5 to prepare financlal statemeiits for each flii(¥iicial year Ivl)Icli gfve a true and fatr ol Ihe state of affairs of tlie Trust and of U)e incomlng resource5 and application of resources, Sncludlng Ihe Income and expenditure, of the Trust for thal pertod, In preparing Iliose flnantial statements, the Trustees are requlred to sekct sultable accounllno pollcle5 and then apply them conststently. observe the methods arid princi￿e$ In t1￿ Cliarlty SORP.. Make Judgemen15 and estlniales that are reasonable aiid prudent,. prepare the flnandal slaternents on the golng concern basls unk5s il Is inawroprièle to wesume that the Tnjst will conllnue In buslness. The Trustees are reS￿nSIble fvr keeting ploper accounliiig records wlTrSdi disck)se witl) reasOna￿e accuracy al any time the financlal posl¥on of the Trust and lo enab￿ them to ensiiiE that the finaftclal statements con) iyilh the CliariMes Act 2011, the Charty (Accoiinls and RerA)rtsl Regiitations 200EI and Ihe prnvlsbn5 of the C.onsl(tulion. They are ￿ls0 responsI￿C for ￿fe9￿ording thc assets of the TIu5t and herKe for ioklng rea￿nable slep5 for the preventfon and delecb'on of fraud and other Irregukrlfjes. 17. 1 O: UICJ...... Apgn)ved by order of th1• b)avd of trustees on ............. . and signed on its behalf by: P While - Cliair ol Tnislees Page 5

Rewrt of the IIKlepeiidenl Auditors lo ilie TIu5tees of KlngswoDd Chapel Trust Oplnlon We Iiave audite(i tlie financial slatemenls ol Kingsw(KyJ Oiapel Trust {tlie 'cliariV) for Ll)e year elided 31 fvlarch 2025 bvhith compiise the Statement of Financial Activitses, the Balance Sheet ond notes to financial stalemenls, Including a sun)mary of skjniftint accounting rxilicies. The financi31 reporbng from￿¥0[k that has bepn applied in thelr preparat￿ft 15 applicaNe law and Unlted Klng(kim Accounung Stsndards (Unlted lQnodom Generally Accepted AccoLtnUng Piacticel. In our oplnlon Ilie nnandal slalements.. gNe a trlie and fair view of the stale of the charity's alfalrs as èt 31 Narch 2025 and of Its incomlng resources and opptlcallon of resources, for the year then ended; have been woperty prepared In acCorda￿e ivilh Unlted Klngdom Generally Accepted Accounting Pracllce; and Iiave beeii prepared In accoTdaiice with tiie requiren)enls of the Clièiiues Act 2011. Basls for opinlon We conducted our audit In accordance iyilh International Standards on Audlung IUKI IISAS (UK)) and appllcable law. Our reswnslbllities uftder Ih05e standards are further deSCrf￿d In ihe Auditors, respofisitmlities for tlie audlt of tlie flnancial slaleineiits settioii of our rewjrt. We are indepeniieiit of Llie charity In accordaii￿ with the ethical requlrements that are relevant to our aLKlit of the financial statements in the VK, Includiro the fRC's Eihlcal Slandaid, and we have fLJlfilled our other ethlcal responsibllllies In accordafice Ivith tliese requlremenls. We believe that the audit ovldence have obtained i5 sufficlent and apwopriate to provide a basls for our oplnlon. Concluslon$ r¢latlng to golng concern In audlllng the linancial slalements, we have concluded that the trustees, use ol the Ong concern basls of accoiintSng in the weparallon of Ilie financlal Statements Is approprlate. Based on the woA( vie have pe¥fornEd, y￿ have not Idenisfied any mated31 uncerlainlles relating to events or conditw)ns Iliat, SiidlvKlually or colleclivety, Inay cast s¥Jiillicant doubt oli Ilie cliarity'5 alxlity to coi)1Snue as a golng coDce¥n fof a periocl of al least tsvelve months from when the linhnclal 51alemenls are authorised forlssue. Our responslb1lll￿S and the res[￿nSIbIlItIeS of thc trustees with respect to goln9 concein are descrlbed In the relevant sectlons ol tl)Is report. Q¢lier informatlon Tlie trustee5 are responSI￿e for the other information. The ollier Information comprfses the Snlormation Included In the Annual Repjrl, other than the finonclal slaienicnts and our Rewrl of the Independent Audltors thereon. opliiion on the Iliiaricsal statemenls does Iiol cover the vllivr Inforn)alioi) an(S, except to tl* extent othern¥lse explicltly staled in our report, %ye do not express any form ol assurance conclusion the￿0[). In coni)ection with our audil of the finondal slatemenls, ovr resoonslblllty Is Io Tead the other Informatbn and, In ddng so, conslder whether the other Inlormatbn Is matedally Inconslslent wlth the hnanckl slalements or our knowledge oblalned In Ihg audit or oiherwSse apwars lo be materially 111Ss5tsled. If Yie Idei)bfy SUEI) m3teridl Incoiisisten¢ies or apparent material nilsstalen)enls, we are requlred to delermlne iyhether thls glves rise lo a m3leirdl n)Is51atemenl li) the linancL41 sl3lements themselves. If, based on the iyork Yie Iibve performed, ¥￿ Conclude that there Is a material mlsstatement of thls other informatkm, we are reqvlred to rery)rt that fact. We have nothlng to rewjtt In Ihls regard, Matters on which we are requlred to report by exception We Iiave nolhliig to report ii) reSkECt of Ilie follthving Inèllers vjliere the Charllles {Acrounts and Reports) Regiilallons 200B requlres us to rewit lo you it, In our opinion.. the Inforn)atlon g￿en In the Rep)rt of the Tfuslees is inconslstent In ony rnaterial respect viith the finandal 5tatemellts,' or sufliclent accountlng records have nol been kept,. or tlie finonLi¢Jl 51atements are not In agreement bviih the accounlillg records and TebJm5,' or we have not re￿[Ved all the inforn)alK)n explanations ive require lor our audit. Responslbilitles of tru5teeg As explalned more fully in tho Twstee5' Respjngblllucs Statement, the trustees are restkY)sible for the preparatloi) of the financkl slalements iYhKh gNe a true and fair vlely, and for such internal contiol as Uie trustees delermiiie Is Iiecessaiy lo eiiabie the preparatK)11 of financial statenEnts il)at are free from material n)isstatement. whetlier due to fraud or error. In wepaflng Ihe flnanclal stalernents, the trustees are responslble for assesslng the charlty's ablllty to contlnue as a goliig concern, d15d051ng. as applkable, matters relat￿ to going Concern and using tlie going coiicern basis of accounting uiiless Ilie Irustees eillier liiLend to liquijate Ihe charity or to ￿se operations, or Iiave llo realistic alteriiative but to do so. Page 6

Report of t1￿ Independent Auditors lo the Twstees of King9Noud Cha0 Trust Our responsibllities for the audit of the financlal statements We 1i3ve been appointed a5 auditors under Section 144 01 the Charittes Act 2011 and report in accordance with the Acl and relevant regulatK)ns made or having effect thereunder. Our objectfve5 are to obtaln reasonable a55viance about whether the fiiianclal ststetnenls as a whole are free Irom Inaleri61 mlsstatenienl, vihether due lo fTaLtd or wror, and to issue a Report of the Independent Avditors that Include5 our opinion. Reasonable assurance is a high level of assurance, but Is not a giiarnnlee that an audit condticled in accordance with ISAS (UK) %vill ahyays detect a material mi5Statement vihen it exists. Misslotements can arise fron) fraud or error and are conskiered malerlal If, IndivSdualfy or In the aggregate, they coukl reasonably ￿ expected lo Influence IhL ecoiiomlc decisions of users taken on Ihe basls of these flnancial ststefftents. The exienl to whlch our pr￿ed￿￿$ are cèpabk ol delectlng irregularib"es, Incknding fraud is thtailed ￿￿W,, We Idcntify and assess rt5ks of n?alerlal mlsstalement of the flnanclal statcmentft lvhether due to fraud and erior an tl)eii de51gn aiid perforni (iudit wocedures cesy0115ive lo Ih05e risks, liicluding obtèliiing audit evldence that Is suffkieilt and approprlate to provide a basis for our opinion. Iii Identifying aiid assessing iisk5 of material Mlsstèten￿nt In reswt of trregularities, Includlng fraud and non-compliance wllh laws and regufatloiis, we consKlered the follovilng.. the nature of tlie Indv51ry, control enviroili￿nt and bbslne55 pe¥lormance,' results of our ei)oulrles of management about thelr own Ideiibfication and assessment of the risks of irregulèrilEs' ny matters ive have Identlfled havlng revlevied the company's pmcedufes for compl￿n￿ Yiilh laws and regiilailons and whether they were aware of any Instances of non-compliance. The key laiv5 and regulavons we consldered In thls context Incliiijed the Charit￿S Act 2011. As a result of lI￿e Procedu￿ ive considered the opp)rtunSlles tlial may exlst vilthin the organisation for fraiid resulung In mJlerTal mlsslalement in the financial slaten?enls. Ive conldered that any such opwrtunlltes are nNligated by the fact thai the company is uniler the close conlrol of ils dirpctors. Our procedures lo arrlve at U)Is concluslon Included the lolloiylng: revlewiftg balance sheet coiilrol accounls to ensure property rec￿l(lIed. peifornilng analytlcal prtxedures to identify any unusLtal or unexpecte(d relauonshlps that May indicate rlsks of material mlsstalement due to fraud, enqulring wllh manaGoment concernlno actual and Wentlal lIt￿all0￿ clafms. A furll)er de5C￿p1￿1] of our respoiisibilities for the audit of tlie finaiicial stalen)enls 15 Itxated on the FinJiicièl RepDrliiig Council'5 website al wwvi.frc.org.uklauditoisreskKJn5ibilitEs. This de5Ctlptl¢)n forms part of our Report OF the Independent Aiiditors, Use of our report Thls report Is made solely lo the cliaritys trvslee5, a5 a body. In accordance witl) Pait 4 of the Charities {Accounts and Rekyjrtsl RegulalKJns 2008. Our aLKYIt ivork has been undertaken $0 that we mlght stale lo the tl)èrty's Irugtees those mallers ive are requlred lo state lo them In an auditors, retx)rt and for no other purpose. lo the fullest extent ￿rni+lled by lavi, wc do not accept or assvrne responsiblllty to anyone other than the charity and the charlvs trustee5 a5 a bDdy, for our audlt ivork, for thls rep￿t. or for the oplnlons we have f￿ffled. Djli Aiidil Limited Slatulory Auditors ChuTcI) Court Slourbridge Road Halesoiven West ts1idlands B633 Date.. 2£ Page 7

Ki119&vooI Chapel TrLisI Statement of Flnanclol AcihfjttCS for the year ended 3114arch 2025 2025 'rotal lunds 2024 Total funds Un￿st[1c¢ed fU￿S EndDwment funds Notes INCOME AND ENDOWMENTS FROM charltoble activlties Chapel actlvllles 6,785 6,785 4,100 Inveslnienl Incoine Total EXPENDITURE ON Charltable actlvltle5 Cliapel attivit￿5 Nel gJlnsl(losses) on Investments 57 780) NET INCOMEI{EXPENDITURE) 20, 126 ,442 22,168 148,622> RECONCILJATEON OF FUNDS Total flinds broiight fonyard 315,513 1,574.777 1,890,290 1,938,912 TOTAL FUNDS CARRIED FORWARD 336 239 1576 219 1 912 458 1890 290 Thc notcs form ￿irt of Ibese flnancial staleft￿ntS Page 8

Ing%¥ood Chapel Trust Balance Sheet 31 March 2025 ￿n￿strIcted funds 2025 Total funds End￿Vrne￿t fvDd5 2024 Total funds FIXED ASSETS Tangible assets Ir*vestmen15 Notes 130, 162 223,436 1288 168 353,598 354,308 1400 831 130,162 ,511,604 CURRENT ASSETS Detkors Cash at bank and In hand 1,641,766 1,755,139 1,883 207 434 I,t183 272 049 4,680 133 471 209,317 64,615 CREDITORS Amounts falling diie wlthin one year 273,932 138,151 (3,240) (3,240) [3,uou) NET CURRENT ASSETS 206 077 270 692 135 151 TOTAL ASSETS LESS CURRENT LIABILITIES 336,239 1,576,219 1,912,458 1,890,290 NET ASSETS 336 239 1 $76 219 1 912 4511 FUNDS UnrestrKtthJ tunds Endowment fLinds 336,239 1 516 219 315,513 15/4 777 TOTAL FUNDS 1912 458 1890 290 e financial statements iyere approved ty the Board of Trustees and authorf5ed for 1$5ue on and ivere signed on Its ￿half by: P Vlhlle Chalr of Triistee5 The notes lorm part of these ftnanckl statements Page 9

King5wDod Chapel Tfllst Notes to the Flnandal Statements for Uie year ended 3114ardi 2025 ACCOVNTING POLICIES Basls of preparing the financial statements The financial statements ol the Tiust, Ivhkh 15 a publk beneflt entity under FRS 102, have been prepèred In accordance wllh the Chariues SORP (FRS 102) 'A¢counting and Reporting by Charities.. Statement of Recomrnonded Prartice applicable to charities preparing thelr accounts In accordance viiih the Hnèi)clal Rewrtlng Standèrd akwlkaLle ￿ the UK and Republlc of Ireland {FRS 1021 (effectNe l January 2015}', Hnaiiclal Reporlliig Standard 102 The FlnaiKial REt)orling Slatidard applicable in the UK and Republic of IrÈland', aiid the Charitles Act 2011. The flnancial slatements have ￿en prepared under the hlslorKal c05t conventk)11 with the exceplbn ol Inveslnnls and freeold properlles which ore incliided at fair value. Income All Iiicoiiie 15 recognised In the Stateineiit of Fiiiaiicl31 Activities once the Trusi has entitlenieiit to the fun(Js. probable that the Incorne iylll be received and the arnount can be measured reliably. In¢on)Ing resource5 Frtsm endOwn￿nt funds arl considered to ￿ unreslricled. Expendlture LlaNllties are iecrtyiilsed as expenditure as soon as there 15 a IEgal or c￿sIrUdfve obligalioii ion)miltlng tl)e charity lo that ex￿ndit￿re, rt is probab￿ that a Iransler of ecorK>mK benefits will be required in setllemellt and the amount OF the Obl￿atrOn can be measured reliabty. Expendiluie Is accounted for on an accwals hasls and hAs bcen cla5s1ficd under headin95 that aggregate all cost related to the category. Ivhcre cost5 cannot be dlrecl attrlbuted lo partlcular headlngs tliey have been alb)cated to aCtI￿tIeS on a basts con4stent i¥￿h the use of resources, Grants offered subject to conditions Yihich have not teen met at the year eiid date are noted ès a cornmllmenl but not accrued as expcndlture. Tanglblg fixed assets Freel)old pr(Iperty 55 Included at fair value by the Trustees. The Freeliold Prosxrty comprises iwo flek15, the Parsonage, the (1)a￿l and the Cottage. Tr(Jst propeity 15 not depreC￿ted as, In the oplnk)n d the Tiiisiee5, Ils esllmaled resldual Vciluc Is not materially less than its tarrying value. Taxation The Trust Is exemix frDm tax on115 charitable ac15villes. Fund accounting Unrestrlcled funds can be used In accordance with Ihe charflable otye(￿S at the dlscrellon of the TnJstees. Restrlcled funds can only be US￿ for partkular restrKted pur￿SeS wiiliin the objects of the Tiust. Restrlctlon5 ar15e when specilied by the donor or vihen funds ale ra15ed for partkulor restri¢led pul￿)se5. Further eKklanation of the nèiure and purpose of each fund Is Included In the notes lo the flnanclal slalemenls. Investments In 5ecuritie$ Inve5lnienls in securib'es are included al closing mid-markel value at the balance sheet dale. Any galn or loss on revalLtab"on Is taken to the Statement of Flnanc4al Activities. INVESTMENT INCOME 2025 2024 Rents receivabte Income frÉim investments 957 904 Page 10 continued...

Klngsiyod Chapel TTLlSt Notes to the Flnanclal Slalement5 - conténued for Ilie yeai elided 31 Marcli 2025 TRUSTEES, REMUNERATION AND BENEFITS There were Trustees, refflunEration or other Ixnefits for tlie year ended 31 flarch 2025 or the year ended 31 March 2024. Trustees. expenses There were no Truste￿, exrEiises paKI for the year eii(ied 31 Maich 2025 or the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fvnds Endowment funds Tolal fuiids ZNCOME AND ENDDWMENTS FROM Charltable activlties Ch%)r￿1 8ct)vilies 4,1 4,100 Jnve5trtieiit Incorne Total EXPENDITURE ON Charitable activitlaj Chapel acti￿tIeS Net 9alnslllosses) on ii)vestments 933 SB 713) 57 780) NET INCOMEI(EXPENDifuRE) 10,091 (58,713) 148,6221 RECONCILIATION OF FUNDS rolal fvnds broLtght loThvard 305,422 1,633,490 1,938,912 TOTAL FIINDS CARRIED FORWARD 315 513 1 574 777 I B90 290 TANGI8LE FIXED ASSErs Frpphold property Plènt and machlnery Totals COST At l Aprll 2024 and 31 March 2025 347 920 355 01 OEPRECIATION At l April 2024 Charge lor yoar 710 710 71CI 710 At 3114arch 2025 NET BOOK VALUE At 3L March 2025 347 920 353 598 At 31 March 2024 347.920 354 308 The freehold property which comprises ttvo r￿Ids, the Parsonage, the Cha￿1 al￿ the Cottage vias Yalved on an open niarket basls on 31 March 20L6. If the IrLrhold propetty had not b&n reva￿ed It ¥vould have been Sncliided al a cost of £305,420. Page 11 conts"nued...

Klngswood Chapel Trust Notes to the Flnancial Staten)ents - contlnued for the year ended 31 March 2025 FIXED ASSET INVESTMENTS Liste(i Investments MARKET VALUE Al L Apill 2024 Addit￿nS Disposals Revaluations 1,400,831 546,570 {647,321) 11912) At 31 March 2025 1288 168 NET BOOK VALUE Al 3J fvloicli 2025 128@ 168 At 31 Marcl) 2024 1400 831 There We￿ no Investment a55et5 oulslde the UK. Cost or valuatlon al 3J h1arch 2025 Is repie5ented by.. Usted Investments Valuatljn In 2025 1288 168 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAIi 2025 2024 Prephymenls aftd accrued Income CREDITORS.. AMOUNTS FALLING DUE WITHIN ONÉ YEAR 2025 2024 cxlier creditors MOVEMENT IN FUNDS Net movement In fiinds At 31,3.25 At 1,4.24 Unrestricted fuiids General fund 315.513 20,726 336,239 Endowm¢nt funds Endoviment Fun(J Land Endovin)eiil Fund Other 58,500 J 516 277 58,500 1517 719 1574 777 1576 219 TOTAL FUNDS 1890 290 1912 458 Page 12 continued...

Xingsivood Chapel T￿$t Notes to Ilie Flilanc￿al Slalements - contlnued for the year e[￿ed 31 Mar£h 2025 MOVEMENT IN FUNDS- contintsed Net movement funds, Includetl iii the al)ove ale as follovi5'. EncomlThJ sources Resources expended Galns and t05ses Movement In fund5 Unrestrirted funds General fund 77.249 {65,116) 8,S93 20,726 Endowment funds Endowmelll Fund other 1,442 1,442 TOTAL FUNDS 65 116) Comparatlves for movement In fui)d% Net rnoven)ent In fund5 At 1,4.23 31.3.24 Unrestrlrted funds General fund 305,422 10,091 315,S13 Endowment fun(J$ Endovin)ent Fund Land Elldoviment Fund (Xher 58,500 58,500 1516 277 58 713) 1633 490 58 713) 1 574 777 TOTAL FUNDS 1938912 4EI 622> 1890 290 Comparatlve nel n)ovemeDI In funds, Included In Ihe atove are as foll0v￿.. Incomlng resoufces Resouices Gèlns and 1055es Movernent n funds Unrestrlrted funds General fund 72,043 (621185) 933 10,091 Endowment funds Endowmeilt Fund Other (58,713) (58,713) TOTAL FUNDS 57 780) 48 622) The Pernianent Endown*nt Funds iepresent assets that are to be relained In perpetu￿Y. Income art5ing fron) these Fuiids is eXpenda￿e for the general pUl￿seS of ihe Twst to establish and further the Trust's objectives. Page 13 continued..

Kingswood Chapel Tnist Notes to the Flnanclal Statements - contlnued for the year en¢Je(131 Marcli 2025 io. RELATED PARTY DISCLOSURES There ivere related party tian5a(lions for the year ended 31 f4arch 2025. The giant to tlie Congregation comnilltee was m6(k in the amount of E12.000 (2024: £19,000), Veale Wosbrough VSzards LLP Ns Jaime Hotxlay (secretary) Is a partnef of Veal Wa5brough Wizard5 LLP. Secretartral and legal servlces rechafged by th15 related party duriiig the year aniounted to 16,YJO (2024., Fl 1,04S). Tl)e charity 15 conlracld for rnalntenance servke5 to be supplSed by A B Services kn"mited, a company controlkd by a sitling of Ms K Jinks, for an annual (ee of £10,0￿. Pa9e 14

Kii)gs¥vdod Chapel Trust Detailed Slaternent OF Thnanlial ActWil*s for the yeor ended 31 Mairh 2025 2025 2024 INCOME AND ENDOWMENTS Investment income Rents re(e(valAo lncotne from Investirieiits 957 904 70,464 67,943 Charitable aetivltles Graveyard iocelpts Total Incomlng resources 77,249 72,043 EXPENDITURE Charltablè actlvlties Couiicil lax iiisuraiice Repalrs and nialntenance Grant to Congregalbn Comrnrf(tee 6,297 18,038 6,345 13,281 36,335 31,626 Support costs M?nagement Audit Legal dnd professlonal feel Plant and nlachlnery 3,B28 24,172 710 3,360 27,117 710 28,710 31,187 Flnance ank charge5 71 72 Totsl resources expended Net Income before galns and losses L2,133 9,158 Recognised galn$llosses Fyoflls on dlsw)sals Revaluatbns 21,947 11912) 3,449 61229) Net incomel(expendlture) 48 622) Tlii5 page does nol form part of the statulw financlal stateiiients Page 15