KING'S
tCHURCH
L O U G H B O R O
King's Church Loughborough
Trustees Annual Report and Financial Statements
For the year ended 31 st March 2025
Registered Charity No. 1160234

KING'S CHURCH LOUGHBOROUGH
TRUSFEES, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS
Trustees, Annual Report
3-19
Independent Examiner's Report
20
Statement of Financial Activities
21
Balance Sheet
22
Statement of Cash Flows
23
Notes to the Accounts
24-33
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCEAND ADMINISTRATIVE DETAILS
The name of the Charity is King's Church Loughborough.
The Charity's registered number is 1160234.
The Charity's principal address is:
The HUB Project
22-23 Market Street
Loughborough
Leicestershire
LE113ER
During the year ended 31 March 2025 the following persons served as Trustees of
the Charity:
Mrs Rebecca Allen
Mr G Duffty
Mrs C Henderson
MrA Hulley
Mr D Long
Mr G Parker
The Leader of the house church during the year ended 31 March 2025:
Apostle
MrA Hulley
King's Church CIO is managed on a day-to-day basis by Mr A Hulley, and overseen
by the Trustees.
Independent Reviewer:
Andrew Russell FFA FMAAT
APR Accountancy Seniices
Shan House
80-86 North Street
Keighley
BD213AF
Bankers:
Santander Bank plc
Leicester Corporate
Carlton Park
Building 4, Level 1
Narborough
Leicester
LE19 OAL
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present the report and financial statements of King's Church
Loughborough for the year ended 31 March 2025. The Trustees have adopted the
provisions of the Statement of Recommended Practice (SORP) 'Accounting and
Reporting by Charities, 2019 {FRS102) in preparing the annual report and financial
statements of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity was established by a Deed of Constitution as a Charitable Incorporated
Organisation (CIO) on 29 January 2015.
Recruitment and Appointment of Trustees
Trustees are appointed by the existing Trustee Board. Apart from the first Charity
Trustees, all Trustees must be appointed for a term of three years by a resolution
passed at a properly convened meeting of the Charity Trustees. In selecting
individuals for appointment as Charity Trustees, the Charity Trustees must have
regard to the skills, knowledge and experien￿ needed for the effective
administration of the CIO. This process would take account of the recommendations
from the recognised spiritual leaders of the CIO. The senior spiritual leader
automatically will be appointed as an ex-officio Charity Trustee for as long as he or
she holds that office. At the end of a term of three years, any person retiring as a
Charity Trustee is eligible for reappointment. Apart from the first Charity Trustees, a
Charity Trustee who has served for three consecutive terms may not be reappointed
for a fourth consecutive term, but may be reappointed after an interval of at least one
year. All new Charity Trustees receive a copy of the Deed of Constitution, a copy of
the most re￿nt Trustees. Annual Report and Statement of accounts, and copies of
the CIO Policy and Procedures documents.
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Organisation
The Charity is governed in law by the Trustees and decisions may be taken either at
a meeting of the Charity Trustees. or by resolution in writing or electronic form
agreed by all of the Charity Trustees.
The minimum number of Trustees is three, and a maximum of twelve. The spiritual
welfare and direction of the Church community and its activities are the responsibility
of the Church Leader{s) (one of whom is an ex-officio Trustee), acting with the
advice and support of the Trustees.
The Trustees remain responsible for ensuring that the activities directed by the
Church Leader{s) are commensurate to the goals of the CIO as stated in the Deed of
Constitution.
The CIO has powers to do anything which is considered to further its objects, or is
conduce or incidental to doing so.
Risk Management
The Trustees have reviewed the major risks to which the Charity is exposed and
systems have been established to mitigate those risks. Internal risks are reviewed
and minimised by the Trustees. by the implementation of procedures. During the
year a Risk Register was implemented, strengthening the existing systems and
measures used to monitor risk. In addition, the frequency of which risks are
reviewed was increased from every six months to quarterly as it was believed
previous intervals had, on occasions, led to insufficient timely action.
Data Protection
Our policies and procedures are written to comply with the GDPR regulations, to
ensure safe handling and use of personal data, within the organisation, and are
updated at least on an annual basis, or more regularly if necessary.
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KING'S CHURCH LOUGHBOROUGH
TRUSfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
The Deed of Constitution limits the Charity's operation to specific objectives and
purposes. The objectives of the Charity are as follows:
The advancement of the Christian Faith and the worship of God in
Loughborough, Leicestershire and elsewhere.
The relief of persons in need, hardship or distress or who are aged or sick.
The advancement of education on the basis of Christian principles.
In shaping our objectives and planning our activities. the Trustees have considered
the Charity Commission's guidance on public benefit, including the guidance 'public
benefit: running a Charity (PB2)' and the activities we provide fully reflect the
purposes for which the CIO was set up.
The vision statement is:
Following Jesus, Fomiing communities, Transforming the world.
ACHIEVEMENTSAND PERFORMANCE
Having successfully navigated the significant challenges and changes that both the
CIO and congregation faced last year, this year was one of refreshed and renewed
vision and ways of outworking the objectives. The Board of Trustees focus this year
was three-fold:
1) Development of faith and worship
The group meeting as a 'house-church' met throughout the year, for some of
it, following a teaching series called 'Practising the Way,, by John Mark
Comer. The series equipped members to deepen not only their faith and
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KING'S CHURCH LOUGHBOROUGH
TRUSFEES, ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
followership of Jesus but also relationships as a community- The church met
to eat together, encourage one another and offer support through prayer and
practical help.
2) Hub Project
Renovation and development of the new premises has continued throughout
the year and much time has been spent settling in, adapting and making
changes where needed to enable us to provide consistent good quality support
to members of the community.
Thanks to our various sources of funding, we have been able to increase our
staffing to cover all the different projects within the HUB to support our volunteer
base and help provide consistency in all areas.
11
We Currently employ 10 members of staff
and have 18 consistent volunteers who
are part of The HUB Project

KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Increased staffing has enabled us to extend our opening hours to accommodate
the continuing increase in demand for support.
Membership at The HUB Project
April 2024 • March 2025
1000
800
600
400
200
April 2024
March 2025
We provided Food Hygiene Training for 10
people, staff and volunteers.
This. along with our hard work developing the
kitchen area has helped us to achieve our level
5 Food Hygiene Rating from the Environmental
Health Department.
10
Have received
Food Hygiene
Training
People
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
We continue to work with local asylum seekers by providing them with a safe
community space, clothing and other support in conjunction with other agencies
across Charnwood.
Our Neurodiverse support group continues to provide peer support and outside
specialist help where appropriate. The number of
members for this group now stands at 233. The
group continues to meet twice a month and each
meeting averages behveen 4 and 10 people, with
There are currently 233
the majority of people re￿Iving support either
members in this group online or by telephone. This is mainly due to the
nature of the neurodiversity demands of the family making it difficult for
parentslcarers to take time away for regular meetings.
Approximately 14 people received help with
completing forms and applications for Education
& Health Care Plans (EHCPS) and Disability
Living Allowance (DLA).
Approximately 14 people received help
with completing forms and applications
for Education & Health Care Plans IEHCPS)
and Disability Living Allowance (DLAI
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
We have held a number of community events through the year including:
Breakfast with Santa - a low-cost family event for 30 families. 59 adults and
58 children under 12yrs. The families enjoyed food and drinks in our café area.
They were able to take part in festive art activities provided by Charnwood Arts"
stroll through our Winter Wonderland; watch a Christmas movie and visit Santa
in his grotto.
30
families attended
- including 59
adultsand 58
children under
the age of 12
Breakfast with Santa
Community Lunches - freellow-cost nutritional food delivered in the HUB by
another charity.
School Holiday Clubs these included craft activities. films, flapjack baking
and lunches.
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
We also held our first staff and volunteers Christmas ￿lebratiOn dinner as a
thank for everyone's hard work this year, particularly everyone involved helping
us to relocate. as well as enabling us to continue to provide an amazing level
of serrfice to our community.
The HUB Project has also been able to facilitate other groups during the year,
providing space and collaborating with other charities to support their provision
of Ser¢i￿s, namely:
Charnwood Arts run a weekly wellbeing craft group. Open to anyone, the
group enjoy lunch together. which we provide, and then take part in craft
activities including drawing, painting, crafting and more. This is a popular group
attracting up to 24 people a week.
Turnip Point is a small local charity who. like us, aim to reduce food waste.
They provide community lunches on a donation basis by using food that would
otherwise be discarded.
Charnwood Food Poverty Group provide opportunity for all the food providers
within Charnwood to work together to ensure we cover any gaps in support
across the community.
Charnwood Christmas Toy Appeal provided us
with new books and toys for children and young
carers up to 18yrs old. We were able to support 45
families, representing 91 children, many of those
with Autism or ADHD.
We were able to support
45 families. representing I
91 children, many ol
11 Jla those with Autism or
ADHD
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
We continue to work with Loughborough Town of Sanctuary to provide
practical and emotional support for local asylum seekers and people who
achieve refugee status and are trying to rebuild their lives in a foreign country.
Anchor Youth is a local charity working with young people, providing a free to
use drop-in centre for young people aged between 12 and 17 years. They are
currently meeting at the HUB Project On￿ a week. with plans to expand their
services in the near future to twice a week.
3) Strategic planning for the future of the CIO and its assets
During the year a new 3-year strategic plan was agreed on by the Board as the
way to proceed.
What's in a name?
At the end of the financial year the CIO'S name was officially changed, as is
permitted within the remit of the Agreed Articles, to 'Restorers58', with the working
name being 'Restorers'.
From the CIO'S inception a guiding Biblical concept has been that of 'restoration'.
Various iterations of the church's vision statement have directly, or indirectly,
mentioned the transformational power of Jesus, life and teachings to individuals and
the whole of society. As the name 'King's Church, didn't represent the functioning of
the CIO any longer, a resolution for a name change was made. In considering a
revised name, the Board drew on the foundational concept of why the CIO exists,
and 'Restorers' was deemed the most fitting. The number '58, is a chapter in the
Biblical book of Isaiah which speaks plainly about the effects of restoration:
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Isaiah 58:9b-12 (NIV):
"If you do away with the yoke of oppression, with the pointing finger and malicious
talk, 10 and if you spend yourselves on behalf of the hungry and satisfy the needs of
the oppressed, then your light will rise in the darkness, and your night will become
like the noonday. ' The LORD will guide you always." he will satisfy your needs in a
sun-sGorGhed land and will strengthen your frame.
You will be like a well-watered garden, like a spring whose waters never fail. 12 Your
people will rebuild the ancient ruins and will raise up the age-old foundations,"
you will be called Repairer of Broken Walls, Restorer of Streets with Dwellings."
People, Places and the Planet
The newly adopted strategy brings a renewed focus in how the CIO'S objectives will
be met.
Three spheres of influence in which the CIO seeks to make a difference were
defined: People, Places and Planet.
People: Particularly young people and members within society of any age who. for
various reasons, find themselves marginalised.
Places: Three key places where work will be specifically developed. as directed by
relationships and a belief in specific guidance from God are: Leicestershire,
Cornwall, and Zambia.
Planet: We believe in the 'community of creation.: that this consists of and thrives
when the natural world and people work in harmony. Therefore, an aspect of the
process of restoration we seek to outwork is to facilitate intentional harmonious
relationships between people and the planet in the given places we work.
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
International Mission
In late April, Andrew Hulley visited the ZOE Project centre. This is the facility the
CIO has been enabling to be built by partnering with the Zambian charity, 'ZOE for
African Children,. This is a relationship spanning many decades.
The building project in Lufvrfanyama is developing a centre which will house work
such as.
Regular feeding and clothing programmes for local orphans and the elderly
Training for employability: especially in welding, woodwork, knitting and
agriculture
Sports facilities: football, volleyball and netball
Sustainability
During the visit conversations about sustainability - both environmental and financial
included:
Effectiveness of the installed solar panels and seeking to develop how energy
is stored
Success of the water bore-hole and the provision not only for the site but local
villagers
Water harvesting- ensuring the rainwater during the rainy season can be
harvested and stored for the drier times
Ways of generating income".
Including facility hire, possibility of holiday accommodationlcamping on site
Production of items such as gifts, ornaments. welded doorframes and
bricks made with soil from the land {we funded a manual soil presslbrick
making machine)
Small scale famiing- growing fruit and vegetables. farming goats and
chickens
Volunteers
The house-church and HUB Project would struggle to function without the voluntary
participation and the good will of its members. Engagement of volunteers in the
ongoing transformation of the HUB Project building and initiatives it homes, creates a
sense of belonging for members and contributes towards its continual growth and
development.
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
Where voluntary workers are responsible for children or vulnerable adults, each
volunteer's history is first checked with the Disclosure and Barring Service before
starting.
Diversity and Inclusion
Within the HUB Project, we have adapted the services to try and meet the needs of a
wide variety of different service users through regular conversation with them.
We are conscious that there are a range of religions and cultures represented
amongst our HUB community and are mindful of certain times of the year such as
Eid and Ramadan and ask what we can offer that would be useful during these times
such as extra oil for cooking which is usually a limited item.
In the community pantry we keep halal meat separate for those that require it as well
as stock spices and tinned items such as lentils and chickpeas as these are regularly
requested items.
We also make sure we have frozen fish and vegetarianlvegan items kept aside so
that we can always offer something if we don't have halal meat. We get a range of
different cultural foods from Fareshare such as Polish meats, cheeses and snack
foods.
We find that Hub members now 'spread the word, about the Hub, bringing their
friends and neighbours. Existing members are far more effective in reaching into
their communities than staff or advertising would be.
Amongst our team and community members we have a number of people of various
identities such as trans and non-binary. A number of our non-binary volunteers has
specifically said that it has felt a welcoming, non-judgemental and safe inclusive
space to come and volunteer. A place they feel ac￿pted and valued.
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KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
We have made the space as accessible as possible for wheelchairs, frames and
pushchairs ensuring that all access routes and communal areas are clear and
spacious.
We are conscious of our growing neurodiverse community and make sure to keep to
our appointment slots, not overcrowding the pantry and communal areas or making
the space too loud, all of which provides a calm and not an overly stimulating
environment.
Safeguarding
The Trustees take their responsibilities for safeguarding very seriously and continue
to review the safeguarding prO￿dureS on a regular basis at Trustee meetings.
Safeguarding personnel are adequately trained and are supported by the leadership
team.
Plans for 2026 and beyond
Advancing Faith and the Worship of God
Building on the initial stages of meeting as a 'house church, we have started using
previously identified rhythms, routines and reSoUr￿S to help as we gather
intentionally to grow in faith and help facilitate the worship of God. We aim to
explore and outwork how best to maximise the use of the HUB Project building for
public acts of worship. prayer. teaching workshops and shared meals to facilitate
accessible ways of communicating the life-changing message of Jesus, life, love and
power.
Partnerships
Working with other groups, charities and church networks for public benefit has, and
continues to be, key. Where there is a natural overlap with another organisation's
aims, or existing or potential relationships with leaders of groups, we continue to
explore how we can partner: either in short or long-term agreements, to further the
work we engage with to fulfil our aims.
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
King's Church Loughborough is dependent on donations, fees and charges to meet
its operational costs. An annual budget is prepared, and actual results against this
budget are reviewed quarterly by the Trustees. Due to the regular review process
any reduction in planned income means that budgets are able to be adjusted as
necessary in order to safeguard the Charity and its reserves. At 31 March 2025 the
Charity had total reserves of £535,377 (2024: £666.907). of which £3,275 {2024-.
£3,000) was restricted, with cash at bank and in hand of £527,222 (2024- £725,317).
The current cash reserves are within the allowable boundaries identified in the
reserves policy.
Reserves Policy
The policy for holding some cash on reserrfe has been made for the following
reasons:
1. To accommodate the monthly fluctuations in income and expenditure e.g. the
quarterly gift aid tax claim.
2. To provide a buffer in the event of a significant loss of community membership
and associated giving or other funding streams.
3. To provide immediate fvnds to support the implementation of new projects in
furtheran￿ of the trust's aims as and when the opportunity arises.
Level of Reserves
The Trustees feel that in order to fulfil the requirements noted in points 1 to 4 above,
it would be appropriate to hold a minimum cash reserve of 1 month's total Trust
expenditure and a maximum cash reserve of 3 month's total Trust expenditure. In
202412025 the total Trust expenditure was £336,570 (2024: £738,792). This would
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
equate to a minimum cash reserve of £28,048 (2024." £61,566) and a maximum cash
reserve of £84,143 (2024: £184,698).
At the end of the 202312024 financial year the cash reserves included an amount of
prepaid income of £1,495 (2024: £8,957) for the first quarter of the next financial
year, mainly in relation to the deposits held. Deducting this from the cash reserves
total, the remaining cash reserves were approximately 2.9 times {2024: 2.8) above
the minimum cash reserve, which the Trustees consider adequate.
Annual budgets are prepared in advance of each financial year, such that expected
income and expenditure are balanced, thereby providing no net increase or
decrease in the amount of cash reserves outside of the policy.
The level of reserves will be monitored on a regular basis at the normal Trustees,
meetings. Adjustments to budgets will be made in advance of each financial year to
ensure that the trust maintains its reserves within the prescribed limits.
The Reserves Policy will be reviewed annually in association with the production of
annual accounts and changes to the reserves policy will be agreed by Trustees and
minuted accordingly.
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KING S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL
STATEMENTS
Law applicable to charities in England and Wales require the Trustees to prepare
financial statements for each financial year which give a true and fair view of the
financial activities of the Charity during the year. and of the financial position of the
Charity at the end of the year. In preparing financial statements giving a true and fair
view, the Trustees should follow best Practi￿ and:
Select suitable accounting policies and then apply them consistently;
Make sound judgements and estimates that are reasonable and prudent", and
State whether applicable accounting standards and Statements of
Recommended Practice have been followed, subject to any departures
disclosed and explained in the financial statements;
Prepare the financial statements on the going con￿rn basis unless it is
appropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with
reasonable accuracy the financial position of the Charity and which enable them to
ensure that the financial statements comply with applicable regulations. They are
also responsible for safeguarding the assets of the Charity and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Andrew Hulley
Dated .
2025
Rebecca
len
191 Page

KING'S CHURCH LOUGHBOROUGH
TRusfEES' ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
I report on the accourrts of the Charity for the year ended 31 March 2025 which are set out on pages
21 to 33.
Respective responsibilities of Trustees and Examiner
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with
the requirements of Ihe Charities Act 2011 {'The Acr) which give a true and fair view. The Charity's
Trustees consider that an audit is not required for the year ended 31 March 2025 under section 144(2)
of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to .
examine the accounts under section 145 of the 2011 Act:
to follow the procedures laid down in the general Directions given by the Charity
Commission under seth.on 145(5){b) of the 2011 Act., and
to state whether particular matters have come to my attentFOn.
Basls of Independent Examiner's Report
My examination was carried out in accordance bmth the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the Charity and a
comparison of the accounts presented wlh those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as Trustees
concerning such matters. The procedures undertaken do not provide all the evidence that would be
required in an audit and consequendy no opinion is given as to whether the accounts present a "true
and fair Vie￿ and the report is limited to those matters set out in the statement below.
Independent Examiner's Ststement
I have completed my examination. I confimi that no material rnatters have come to my attention in
connection with the examination giving me cause to believe that in any material aspect '.
the accounting record5 were not kept in respect of the Charity as required by section 130 of
the 2011 Act.,
2. the accounts do not accord with those records, or
3. the accounts do not comply with the applicable requirements con￿mIng the form and content
of accounts set out in the Chartties (Accounts and Reports) Regulations 2008. other than any
requirement that the a¢￿untS give a 'true and fair vie￿, which is not a matter considered to
be part of an independent examination.
I have no GOn￿mS and have come across no other matters in connection with the examination to
which attention should be drawn in this re￿t in order to enable a proper understanding of the
accounts to be reached.
Andrew Russell FFA FMAAT
APR Accountancy ServI￿s Limited
Shan House, 8046 North Street,
Keighley
West Yorkshire, BD21 3AF
Andrew Russell FFA FMAAT
Dated .' 5 December 2025
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KING'S (HURCH LOUGHBOROU6H
srATEMEMf OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrict8
gnated R*irted Totdl
Funds
Funts
Funds
20
u￿e*J￿ted Restrirted Tthl
Fthids
FurK
Fund
2024
02
024
Income
Donatims & gift a
16
275
20583
11,62B
372
12.1
Income from thaTltsble activities
Restore
18
HUB, Café & Cupboard iyrc
Othw tharitrdble projects
1.2(Al
33,868
3,426
88,838
28.946
61
3,510
92,348
78,946
61
113.868
3.426
Other InLY>me
Bank interest
23.417
23,417
20,954
Investments
Rental income
220
220
Other irKome
Sale of as
1.632
L632
L571
PA)4.148
1,571
4,148
Total IT￿0M￿￿ Re5wrres
84.071
80275
164.346
958.050
53,882
LOIL932
Expenditure
Charitable actlvltles
Main Church
Small Worfd Nursery
HUB, Cafe & Cupboard OTC
charitable rKoJects
17
IW.791
9.261
63216
3.302
I￿.791
9.261
143.216
3J02
463,763
192.386
28.373
760
463.763
195.896
78.373
760
3.slo
17
Total ÉxpondslW*
256.570
80MA) aw70
685.282
53,510
738.792
Net Intomel(expenditure}
before transfers
1172.4991
275
1172.2241
272,768
372
273.140
40ffi
40.694
Net movements in funds
li31.￿5}
275
1131.5301
272.768
372
273,140
Reconciliation of Furrfls
Total fvjnds Ixoughl folw￿d at
31 Marth 2024
663.￿7
666￿?
391,139
2.628
393,767
Totsl funts carried forward at
31 March 2025
53L102
3275
53S377
663.9J7
666,￿7
The statemwrt of fin￿aal aCtr￿te5 iThJude5 am gains aThJ h)sses T￿￿ed in ts year.
All ir￿rne aThJ expthjfture derives from t￿Onu1￿j a(liw"te5.
The note5 on p¥5 21 to 33 fcm part ￿ these finar￿la1 state￿ts
Page 21

KING'S CHURCH LOUGHBOROUGH
BALANCE SHEEr
AS AT 31 MARCH 2025
2025
2024
F5xed Assets
139,987
1,974
Debtors
Cash at bank and in hand
107,276
725,317
527,222
52B.131
832,593
Creditors - amounts falfirrtj due
within one year
132.741
118.246
NET CURRENT ASSEtS
395390
714,347
Credltors - amounts fallirrtJ due
after more than one year
8.720
NE[ ASSErs
535.377
707.E41
THE FUNDS OF THE CHARITY:
Restricted Funds
Special Offerlngs &
other restricted funds
14
3.275
Unrestrlcted Funds
Capitsl Fund
Designated Fund5
General Fu￿1
14
14
14
139,987
1,974
1.081
701.$46
392,115
TOTAL CHARITY FUNDS
535.377
707,fA)I
The accounts on pages 12 to 21 We￿ approv8J by the Tntstee5 on 5 DeC￿tr￿ 2025.
arKI were sw3ned on Iheir behalf by .
Andrew Hulley
The on pages 21 to 33 foffli FQrt of these financial slatrnts
Page 22

KING'S CHURCH LOUGHBOROUGH
srATEMENT OF CASH FLOWS
AS AT 31 MARCH 2025
2025
2024
Cash flows from operating activibes
Net movement of furKls for the year
Depreciation
Transfer Fixtures to cul￿nt Assets
Transfer Charitable Loans to Fixed Assets
InVest￿t income
(Increase)Ide(rease in debtors
Increasel(decrease) in creditcrs
1172.2241
273,140
1,240
19411
I136,1￿)
123.6371
106.367
5.775
122,8581
{89.7241
8L4
Net cash provhded by/(used in)
opeTrting adNitie5
1219.1091
243.288
Gish flow from Investlng actlvtties
Rental income
Bank interest
Sale of taThJible fixed assets
Purchase of tsrrfJibk frAed a55ets
220
23.417
20.954
325.938
2,914
12.6231
Net cash provided byl{used in)
irwesting adMtE5
21.014
351,710
Net Increasel{decrease) In cash and cash equivalents
1198.0951
594,998
Cash aNJ cash equNalents at l April 2024
725.317
130,319
Cash and cash equivalents at 31 Marth 2025
527.222
725,317
Cash and cash equivalents con5isLs of .
Cash at bènk and in
527.222
725,317
The notes on pages 21 to 33 fomi part of these financial stateme
Page 23

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
l. ACCOUtmNG POLICIES
Basis of preparation
The charity constitutes a public health benefit entity as defined by FRS102. The finanaal statements have been
prepared under the histrcqcal cost crfflvenb'on and in accordance with Accounting and Repcmt'ng by
Charities . Ststement of Recommended prath￿ aprAicable to charities preparing their accounts in
aCCordar￿ with the ￿nan￿al ReportirvJ Standard appli(2ble in the UK and Republic of Ireland issued in
October 2010 (Charities SORP FRS102), the Charities ki 2011 and UK Generally AC￿pted Accounting
Pracu'ce The financial ststements are prepared on a gojng cOn￿M basis under the historical cost convention,
and a￿ presented in steding (see note 13). ksets and liabilities are inibally recc*Jnised at historical cost or
transaction value unless othernise stated in the relevant acci)unting policy nots(s).
rixed Assets
Fixed assets are ststed at C05t less depreciation. Assets introduced from the prewous Tnjst have b*n included
at net book value. Depreciation 15 calculated to write down the cost or valuation of tsngible fixed assets to
their estimated residual vèlues over their estimated useful lives at the ftAlowing annual rates .
Freehold property
Improvements to fr&hold proFerty
OfffI￿ fixxtures and fitbngs
computer equipment
2% of cost
10% rf cost
20% of cost
20% of cost
Income recognltion
All income is recconised the charty has legal entiuement to th eir￿orne, Wh￿ there 15 suffiaent certainty
of receipt and the amount of income receivable can be measured rella￿v.
Donations are recognised upon recLypt and dassified at that point as either unrestricted or restrict￿ if the
donation is for a spectfic purpose. No amounts are Ind￿￿ed in the firk3noal stat￿ts for Servi￿ donated
by volunteers.
Interest on fiJnds hekj on deposit is induded UFK)n notFfication of the interest paid or payable by the Bank.
Expenditure recognition
abilities are recognised as expenditure as s(Kin as there is a legal or constructive ot4igation committing the
charity to that expenditure, rt is probable that settlement wll be required and the amount of the obligation
can be measured reliably.
Expenditure is accounted for on an acuuaEs basis and has been listed under headings that aggregate all the
costs related to that acbvity, induding support atKI governar￿ costs. For more infomabon on this allocation
refer to the note "all(Kation of govemance and support costs" below. Where costs cannot be diredy attributed
they have been all¢xated to activits'es on a basis Cc￿S15tent with the use of res(Yjr￿.
Charitsble actlvlty expenditure are those costs incurred in attracting voluntsry income, and Ind￿je expenditure
directly associated with individual projects and sutv)nt costs relating to those activities.
Page 24

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
l. Accoup¥fING POLICIES (continued)
Allocation of governance and support costs
Governan￿ costs are those incurred in cOnn￿tiOn vhth the management of the tharrty and its assets, organisational
administration and compliance wth constituti￿1 aTh1 statutory requirements.
Support costs include central funcbons and have t*en allccated to actiwty cost Categ￿leS on a basis congstent with
their use of re9)ur￿.
The allocation of governan￿ and supp)rt costs is analysed in note 4.
Churth Activities
Church activities Indude the costs incurr￿1 in holding Churth meettngs, outreath misston and ots acbvitses of
similar nature.
Lease and Hire Purchase Contracts
Tangible fixed assets acquired urKler finan￿ leases and hire purthase contracts capitalised at the estTmated
fair value at the date of In￿PtIon of eath ￿ase or contrdLt The totsl finance charges are all(￿ated over the
period of lease in such a way to gtve a reasonabty constant charge C￿ the outstanding liaLNlity.
Operating Lthises
Rentals paid under OFErakn'ng leases are charged again* income cm a stralght line basis over the twm of the lease.
Taxatlon
T￿ation has not been provided for on the ￿￿jIt for the year of the (￿arity on the grounds that Section 505 of
the Income and Cort¥)ration Taxes Act 1988 aprAies (ex￿n￿'on of Charities fm taxation).
Restricted Funds
Restricted funds are accounted for in accordan￿ wrth the partiatlar temis of trust arising from wress or implied
wishes of the donors in so far as these are intended to be binding to the Trustees.
Gipital Fund
In order that funds available for general pur[0￿ a￿ rKt oversiated in the accounts, the Capital FuTrJ represents
that part of the Churth's funds which are tied up tn fixed assets pur(hased out of unrestricted income, adj'usted
for depreclation. This is because fwids coutd only be realised ty the sale of the assets concemed.
Genernl Fund
Free reserves that are those avaialble for gener71 Wr￿)seS of the ￿UCh, after deduction of restricted funds,
designated funds and the Capital Fund.
Page 25

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31 MARCH 2025
2. GRANfs RECEIVED
2025
2024
Cupboard on the Corner
National Lottery grant
50,000
HUB Proiert
National Lottery g￿nt
Restsitted
80,OfX)
50,000
The Cupt%)ard in the Comer project, which aims to to r￿jutr waste aThJ tacme food poverty across
LoUgh￿rough, opened in JU￿ 2021.
Page 26

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
3. ANALYSIS OF EXPENDrnIRE ON CHARITABLE AcnvrrIES
u￿rtaken Govemance &
dirertly support Costs
Totsl
2025
Total
2024
a) Analysis of expenditure on
Charitable activities- unrestrirtedldesignated funts
Main Church
Restore
HUB, Café & Cupboard on ￿ Com
Other chariiable projects
89,805
9.fKIi
73,320
14
94.274
260
69.896
184,079
9,261
143,216
14
463.763
192,386
28,373
760
172,140
164,430
336,570
685,282
2024 unrestr
432,072
253,210
685,282
Analysis of expenditure on
Charltable activities - Rertritted funds
Maln thurth
Restore
HUB. Caft & Cupts)ard on the Comer
Other charitsbFe projects
3.510
50,000
80.000
53,510
2024 Un￿$tr[ct
53,510
53.510
Total resourc¢s expended
252,140
164,430
416.570
738,792
b) Analysis of 5UPPOrt costs
Office Premises
Totsl
Totsl
2024
Main Church
Resto
HUB, Cafe & Cupboard on the Comer
69.991
323
260
1.152
71,092
260
69.896
92,557
7.448
43,187
25,557
Total support costs
113,178
1,735
25,557
n8
141,248
ICM),005
Total SUPF(lrt costs 2024
57,889
8,785
32.091
1,240
ILKI,005
Support Costs are all alC￿tal on the bags of usageltime spent.
Page 27

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
3. ANALYSIS OF EXPENDITURE ON CHARrrABLE ACTJvrrIES (continued)
c) Analysis of Goveman
2025
2024
Legal & professional fees
Accountancy - Main Church
Accountancy fees - Restore
Apportionment of supp)rt costs
19,769
2,335
2,269
4,000
4,883
5,650
30,302
8,604
d) Analysis of other resources expended
conferen￿ costs
4. NET INCOMEI(EXPENDITURE}
Net Income/(￿end1tUre) for the year is ststed after (tharging .
Independent RevleNIAuditorfs remuneration
Depreciation
Operab'ng leases
625
778
3,153
600
1,240
3,941
5. ANALYSIS OF sfAFF cosrs
Employee costs durlng the year V￿re
Ministerial SUPFKSrt
Salaries
ial Security
Pension
Agency stsff
85,260
109,812
1,506
1,609
5,200
215,330
159,345
5,114
3,471
203,387
383,260
average head count of employees during the year was 10 (2024.. 26)
re We￿ no employees who recewed emoluments of than £60,000 during the year (2024 £nil)
6. INDEPENDENT REVIEWER'S REMUNERATION
The independent revIev￿$ reMuneTrtl￿ consis￿] of in(kFendent examination costs £625 (2024 £600)
Page 28

KINGS CHURCH LOUGHBOROUGH
NOTES TO THE AcCOUP￿s
FOR THE YEAR ENDED 31 MARCH 2025
7. TAN61BLE FIXED ASSEf5
Fixtures & Computer Charitable
Fittings Equipment PrnieLts Totsl
Cost or valuation .
As at l April 2024
Addtti"ons
DiskK>sals
16,581
19,804
138.741
1.760
136,118
As at 31 March 2025
17,444
136,118
158.545
Depreclation .
A5 at l April 2024
Charge for year
Transfer to Current Assets
14.607
1,228
(941)
17,830
1.669
(941)
441
A5 at 31 March 2025
14,894
18,558
Net book value .
As at 31 March 2024
1,974
1.974
As at 31 March 2025
2,$50
1.319
136,118
139,987
I material a55ets are held for the Charity's own use.
8. DEBTORS
2025
2024
Debtors
Prepayments
Other debtors
Loan to Nettle Hill (now Ca￿lISed)
253
656
778
1.240
105,258
107,276
9. CREDrroRS . Amounts falllng due wlthln one year
Defetred I￿orne
Accruals
Bank bans
Taxation and ￿la1 seojiity
1.495
(8,165)
145
1,954
137.312
8,957
1,260
101,938
132.741
118,245
CREDThORS . Amounts falllng due after more than one year
Bank loans
2-5years
8,720
10. CAprrAL COMMm4ENTS AND POST BALANCE SHE￿ EVENTS
There were no capltsl commitments at 31 Marth 2025.
Page 29

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
11. RELATED PARTY TRANSAcfxoNS
None of the Trustee5 have been paid any remuneration in their role as a Trustee. However, the
following have been paid remuneration or received other benefits from an employment
with the charity or as a worker.supplier for the charity in accordance with the Deed of
Incorporation of the CEO.
2025
2024
Mr A Hulley
19,621
45,500
No other Trustee or related party received any remuneration in respect of the years
ended 31 March 2025 and 31 March 2024.
REIMBURSED EXPENSES
No Trustee received any reimbursed expense5 in the year to 31 March 2025 or 2024.
OTHER RELATED PARTY TRANSACTIONS
During the year the Trustees and Related Parties have made donations to the Charity
amounting to £Nil (2024 . £Nil).
Page 30

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
12. OPERATING LEASE COMMtrMENTS
At 31 March 2025, the Charty had annual commitrnents under non-cancellable OFErating leases on .
2025
2024
Operating leases which expire .
Within one year
Two to five years
2,365
3,153
13. GOING CONCERN
At the time of approving the finanaal statements, the Trustees have a reasonable expectation that the
CIO has adequate resources to continue in operatic￿al existen￿ for the foreseeable future, thus the
going con￿rn basis conrinues to remain appropriate.
14. ANALYSIS ON NEf ASSEfs BETWEEN FUNDS
Fixed
Current
Assets Liabiliti
Total
Restricted funds
Special offerings & other restricted funds
3,275
3,275
Unrestricted Funds
Capitsl funds
General funds
139,987
139,987
392,115
524,856
(132,741)
At 31 March 2025
139,987
528,131
(132,741)
535,377
Page 31

KING'S CHURCH LOUGHBOROUGH
NOTES TO THE ACCOUN
FOR THE YEAR ENDED 31MARCH 2025
15. REsfRICTED FUNDS MOVEMErir ANALYSIS
Balan￿ at
Funds
Retained or
Relea
Balance at
03
in
Bangalore Orphanage
Zambia
OpporTINity
Individuals I small futKIs
372
189
86
561
86
2,128
500
2,128
500
275
3,275
Kin
's Church
Ongoing project SUkV)rt in Bangalore, Zambia and local food ￿verty.
Page 32

KING'S CHURCH LOUGHBOROUGH
KING'S CHURCH INCOME & EXPENDMIRE
FOR THE YEAR ENDED 31 MARCH 2025
16.
l Des•gnated Restricted Total
Fwds
unreth.cted Restricted
Funds
Totsl
Funds
2025
2025
2025
2024
2024
2024
Income
rithes
OfferiryJ5
&ft Atd
Othw Giving
Restrtcted Givlng
other prtiierts
Boutique
Workshops
'rsty's Café
Breakfast with Santa
Support fvnd
Rental income
Room rents
Other Ir￿ne
7,530
10.618
7.530
10,618
6.140
4.148
1,340
6,140
4,148
1.340
2.160
2,160
275
275
372
372
1.221
1,972
1,221
1,9n
61
61
233
233
220
220
1,904
1,566
Energy retharge
Eèsyf￿draI%nQiAmazCl) Smi
Sundry i￿)Me
Bank interest
Profit on Sale of Building
1.554
17
1,554
17
23.417
23.417
20,914
804,148
20,914
804,148
49,003
275
49.278
840.226
372
840,598
Page 33