Ch3rity registration number.. L161631 KINGS CHURCH SWANSEA TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 CSW Accountancy Ltd
KINGS CHURCH SWANSEA Contents P•ge Trustees, Report Independent Examiner's Report Statement of Flnancial Activitles Statement of Financi31 Position Notes to the Financial Statements 10-13
KINGS CHURCH SWANSEA Trustees. Report For The Year Ended 31 March 2026 The trustees present their report and the financial Statements for the year ended 31 March 2026. Obje¢tive$ and Activities Alm$ and Objectlve$ The objects of the charlty are the advancement of the Chrlstian faith for the publlc benefit in the UK and such parts of the world that the trustees think fit according to the statement of bellefs. The rnain objectives are to.. The preventlon or rellef of poverty Human rights / Rellglous or raclal harmony / Equality or diverslty Kings Church Swansea looks to help the general public and mankind in general. Kings Church Swansea does thls by providlng human resources, use of a bulldlng with facllities, open space and provides services. Achlevements and Performance Main Achievements Since last April we have continued to see our congregation growing, and most weeks we see new faces popping In to join our service. Our multi-cultural congregation consists of white British, Southern Americans, German, Nigerians, Jamaicans, and South Africans. It's so great to See people from all different places coming together in the natne of Jesus. Through the Media of Zoom and Facebook Live, we continue to Stream all our meeting5 for th05e who cannot physically attend or for the families that continue to join us online that are not from our area, such as our friends from Uganda. We continue with our.. Weekly Sunday Morning service meeting5 in our Swansea Building Connect Group meetings every Wednesday evening in both our Swansea and Llanelli Buildings E3rly morning prayer meetings over Zoom Praise & Worship Practice every Monday evening and early Sunday morning Regular Trustee Meetings The Church WhatsApp groups continue to prove Integrdl in keeping us all together, on a daily basis as a support network and encouragement for both the congregation and its leaders. These consist of.. Kings Church Swansea Group Main church group (whole congregation) for daily words of encouragement for all, notice of evenrs etc One Arise - Ladies group Prnyer group Pastors group Leaders group Trustees group - keep UpToDate and be able to make decisions Daily Christian Literature group We also still use the WhatsApp gmups for different departments to help in the running, organising and planning of church. These still prove to be of great benefit. Kids Church Workers gmup Worshlp group Hospitality Group Connect Groups Vestry Coffee Shop Group - for the volunteers In addition to these WhatsApp groups, we have new groups for.. King5 Church Llanelli Group - Main Llanelli church group (whole congregation) for daily words of encouragernent for all, notice of events etc .CONTINUED Page I
KINGS CHURCH SWANSEA Trustees. Report (continued) For The Year Ended 31 March 2026 Maln A¢hlevement$ - contlnued Llanelll Connect group Men of Honour- Men's group Welcome Team group Media Team group As a church we continue to support'one for Israel,. A ministry in the heart of IsTrel, proclaiming salvation to Israel, raising up leaders and equipping thern with the tools they need to transform their communitie5. We continue to 5UPPOrt Pastor Ray Bevan's ministry with a monthly contribution. Ray Bevan is the founding Father of 'King5 Church, and after pastoring the same church for 25 years, he now continue5 to rnini5ter the Gospel of the Grace of God. worldwide. Our support to him In this fulfils our responsibility to action the command given to us by our Lord jesus Christ In Mark 16'.15. We continue to 5UPPOrt compassion who a a leading Christian Childn'S charity who fight poverty globally. We now spon50r 6 children through Compassion. Our contribution helps towards delivering a child development prograrnme. With each child that gets sponsored, children, farnilies and entire cotnmunities are being empOWed to overcome poverty and thrive both now and into the fuiure. •We contlnue to partner with Andrew Wommack Minlstrles. We sow into the minlstry on a monthly basls. Through partnering with them, we are not Just supporting a ministry, we are supporting the Gospel. Being part of 'The monthly Grace Partnership, we are helping to share the Gospel of God's unconditional Love and Grace through various forms of media, some of these materials of Andrews teachin95 are also given free to inmates and to those who need it most. It also helps to raise up disciples through the Charis Bible college programme they run, to found churches and missions across the globe, and to disciple Pastors and Leaders, sowing into their communities and feeding them both physically and splritually. We contlnue to partner with 'Tree of Life Church,. They have agreed for the foreseeable future to sow into us by blessing us monthly with £200, and we are sowing back to them with £50 a month •One of our objertives we had for this ye3r was to start a Sunday Afternoon Service from our L13nelli Church building by July 2025. We achieved this objective. On 13th July 2025 when we held our fIt service in the Llanelli building. Although It took tirne to become established, services have continued consistently ever since, and the congregation is starting to grow. To support the new members, we have we created a Kings church Llanelll WhatsApp group to encourage communication, fellowshlp, and mutual support. Another objective we had for this year was to start planning and hosting our own 'Kings Church Swansea, conferences. We successfully achieved this by launching our new"Super Saturdays" in 2025. These are one day conferences held at our Swansea Church, featuring 4 guest Pastors that minister thmughout the day. During 2025 we hosted two of these. one In April and one in November. Both events were very well received. A much-needed objective for this year was to spend time on the maintenance of our Swansea Church building and upgrading the building / iterns where needed. We have made a strong Start towards this objective. Externallyi we completed significant maintenance and tidying to improve the appearance of the building. Internallyi we replaced several oldldamaged ceiling tiles and tarried out strurtural alterations to treate a more prattical layout between the kitchen, toilets, and children's area. We also partitioned the children's area to provide a safer and more secure environment. In addition, we Inst311ed a new kitchen to replace the original one, which h3d re3ched the end of its lifesp3n, together with a new fridge and cooker. These improvements have enhanced both the functionality and safety of the building for those use it. Another objective was to develop regular men's and women's programmes within the church. While women's activities have continued over recent years, our focus during this period was to try and establish a programme for the men. To support this, we coated a men's WhatsApp group to encourage communication, fellowship, and mutual support. This was followed by the first men's gathering at rhe end of February 2026, which was well atrended and provided a strong foundation for future events. •In addition to meeting these objectives, have also achieved in the last year to establish both a 'Media team,, and 3 'Welcome team, in our Swansea Church. Soth of these teams are now flourishing and are a huge asset to our church and its congregation. We continue to oversee the day-to-day administration of the charity and church, and to seek advice and guidance as required regarding the ongoing structure, governance and future vision of the two church 51tes. We continue to work c105ely with Anthony Collins Solicitor5, who specialise in charities and churches, to ensure that the charity's governance is brought fully up to date. Thi5 includes progressing our charity Structure and working towards changing the charity's name to Kings Church Network. This remains an ongoing pmcess, and we continue to make steady progres5 Wlth the support and guidance of our solicitors. Unfortunately, In july 2025, we made the difficult decision to temporarily close the 'Vestry Coffee Shop, at our Llane11i church due to a lack of volunteers. The coffee shop had provided 3 welcoming space for the local community and church member5 to connert and build relatlOnship5. We hope to reopen it in the future once we have sufficient volunteers to support and sustain the ministry. .CONTINUED Page 2
KINGS CHURCH SWANSEA Trustees. Report (continued) For The Year Ended 31 March 2026 Main A¢hlevement$ - Contlnued Following a previous vlslt by John and Susan Donnelly{ then Dlrectors of ARMI IAssoclatlon of Related Minlstries Internationall UK and Ireland under Andrew Wommack Ministnes, Davld 3nd Emma Morgan were appointed as Region31 Leaders for W31&s and the West. This was a significant honour and has opened many doors for ministry across the region, enabling ministers from around the UK and beyond to corne and teach and serve in South Wales. Later that year, John and Susan Donnelly entrusted David and Emrna with the leadership of AKMI UK and Ireland, appointing them as the new Directors. Since taking on this role, they have continued to strengthen relationships with minlstries across the UK and Ireland, creatlng further opportunltles for teaching, conferences, leadership development, and minlstry partnershlps. The congregation at King's Church has greatly benefited from these connections, enjoying Increased access to gifted ministers, sound biblical teaching, and a wider range of opportunities for fellowship, training, and spiritual growth. At the beginning of 2026, we We also presented with the opportunity to host a delegation from 'Healing Journeys Today, Ministries IUSAI during their Celtic tour of Scotland, Ireland, and Wales. The event was opened to everyone who wished to attend, welcoming people from across Wale5, England, and beyond. Signlficani plannlng and coordination were requlred, but the event ran exceptionally smoothly. The delegation arrived by ferry from Ireland and was met by a coach that we had arranged. We also organised their hotel accommodation, pmvided hospitality and meals throughout their two-day stay, and coordinated onw3rd transport by coach to London for the next stage of their tour. The event was a tremendous success, with attendees travelling from far and wide to take part, making it a memorable and greatly appreciated occasion ft>r all involved. Di5CUs5ions are currently underway among the church leadership and key tnember5 regarding a trip to Uganda toward5 the end of 2026, to support Mike Ssamukala as he graduates from his third year at Charis Bible College, Uganda. Thi5 will be a significant and excitlng occasion, as Mike will also be ord3ined as a mlnister of Klngs Church 'Network' and King's Church Uganda will be officially established. Planning is progressing well, with further updates and follow-up information to corne as arrangements are confirmed. ln 2025, Huw and Cerys Davies were ordained as Associate Pastors of King'5 Church Swansea, becoming valued additions to the church leadership teatn. Huw a150 oversees the church's recovery prograrnme and ha5 helped establish several additional recovery and sUPPOrt groups, which now meet regularly at the Townhill, Swansea venue, extending the church's outreach and pastoral care within the local community. In September 2025, we held a b8Ptlsm servlce for members of our tongregation who had made the decision to publlcly declar& their faith in Christ. We are planning to hold another baptism service during the summer of 2026 as several new members are now ready to be baptised. To support this. we will also begin running Baptism classes to help participants understand the biblical significance of baptism, what it represents, and to prepare them for taking this Important step in their faith journey. A5well as thi5 we are looking to Use the Baptism classe5 as part of a Discipleship programme. A meeting of the Board of Trustees of 'King'5 Church Swansea. Charity (also operating a5 King'5 Church Network) was held on 23 November 2025 at 9..30 a.rn. Present were Martin Thomas, Darren Brown and Rita White, Trustee5. David Morgan and Emma Morgan declared a conflict of Interest In rel8iion to Ihe matter under discussion and were therefore absent from this part of the meeting. The trustees considered a proposal presented by Associate Pastor Hugh Davies on behalf of the associate pastoral team and presenting the wishes of the congregation. The proposal requested that the charity provide financial support to Pastor David Morgan, enabling hirn to reduce his Secular employment and devote significantly more time to the work of the ministry and the Continued development of the church. The proposal also recognised the ongoing administrative support provided by Emma Morgan, who works alongside David In the ministry. The trustees carefully reviewed the charity's financi81 position, including its recent accounts, current income and anticipated future sustainability. In light of the church's continued growth and the opportunities for further development, the trustees unanimou51y agreed that the charity could sustainably provide a total payment of £546 per week lapproximalely £2,366 per monthl to David and Emma Morgan. It Wa5 acknowledged that this amount did not fully reflect the value of their combined contribution, which was estimated at approximately 40-50 hours OF ministry and administrative work each week. Based on a 40-hour week, the agreed payment equates to approximately £13.65 per hour. The trustees recognlsed thar thls level of remuneraiion was below what they believed Ihelr contribution warranted but considered It to be an affordable and sustainable st3rtlng polnt, with the intentlon of reviewlng the arrangement as the charlty contlnues to gmw. It was agreed that David Morgan, as a self-ernployed individual, would subrnit invoices to the charity for the agreed Services provided. Following di5CU5sion, and with David and Ernma Morgan taking no part in the decision-tnaking process, the tru5tee5 unanimou51y approved the proposal and expressed their confidence that leasIng David fro part of hi5 secular employment would enable him to devote more time to the ministryi bringing further benefit to the church and supporting its contlnued growth. *As part of the trustees, ongoing commitrnent to good governance. compliance and the development of King'5 Church Network, it was agreed by the trustees, on 9/2126 that professional guidance should be obtained. We therefore engaged the services of Andy Strajnic, a Christian governance and compliance consultant who works with churches in this area. Andy met with the trustees on Thursday 26th February Friday 27th February to deliver governance compliance training. The training was very helpful and provided practical guidance and clear next steps to support the charity's continued development and compliance. Page 3
KINGS CHURCH SWANSEA Trustees. Report (continued) For The Year Ended 31 March 2026 Ad¢litional Note New Obje¢tive$ The following objectives have been identified for the immediate.. Continue working with the new solicitors Anthony Collins Solicitors, to look at both our Charity structvre and the Changing of our Charities Name to Kings Church Network,. To continue discussions with Pastor Kingsley, regarding est3blishing an additional mid-week Church gathering at a new location in the Swansea area. Continue to carry out essential maintenance and improvements to our Swansea Church building. Developing and strengthening our men'5 and women's ministries - 'One Arise. Ilodie51 and 'Men of Honour,. Continue with our'super Saturday, day conferences and develop them further in 2026. Aiming to hold one in April and onè in November as we did In 2025. Continue to grow and develop the Uanelli church congregation. Re-establish the Vestry Coffee Shop and continue developing it as a cornmunity hub for Llanelli. To follow up on our plans to expand into new areas. We have already expSSed interest in a building in another part of Swansea. To establish a Youth Provision in our Swansea Church. Longer Term Objectives Set up a GoFundMe page and explore available funding optlons and grants to support the ongoing major renovation5 of the Llanelli church building, with the church mof as the next priority. This will help us continue serving as a welcoming hub for the local communlty and church activities. We continue to move forward together, the Pastors, the leaders and the ever-gmwing congregètion, eager and excited to see what the Lord is going to do over the rest of fhls year in borh our Swansea and Llanelll buildings and movlng forward Into year 2027. structure Governance and Management Governing Document Kings Church Swansea is a user led organisation for the advancernent of the Christian faith for the public benefit and became a registered charity (Reg No.. 11616311 in 2015. As a registered charity, Kings Church Swansea has a constitutional docurnent that list5 the work we do and how we do it. A5 such, we have to adhere to the rule5, regulation5 and legislation as set by the Charities Commission. We also have a set of accessible operational policies and pmcedures that show clearly what to do in certain clrcumstances. We have stricr financial systems in place to carefully monitor expenditure. Kings Church Swansea is run and directed by a Management Committee of members, trustees and people fmm the community that have an interest in our work and are equipped with knowledge and skills to help. They meet periodically to discuss our current services and potential future projects. At the end of each financial year a Trustees Annual Report Is prepared and Independently examined. Annual Account5 are cotnpiled. Annual General Meetings held in accordance with our constitution each year. Reference and Administrative Details Trustees Mr DAVID MORGAN Trustee Mr Martin Thomas - Chair Mrs Rira White - Trustee Mr Darren Bmwn Trustee Mrs Emma Morgan - Trustee Charity Number 1161631 Page 4
KINGS CHURCH SWANSEA Trustees. Report (continued) For The Year Ended 31 March 2026 Prlnclpal Addre$$ 146 Loughor Road Gorseinon Swanse3 SA4 6QX Independent Examiner Carl West ACA CSW Accountancy Ltd ICAEW 43 Brynymor Road Gowerton Swansea SA4 3EY Page 5
KINGS CHURCH SWANSEA Trustees. Report (continued) For The Year Ended 31 March 2026 The trustees, report was approved by the board of trustees and signed on its behalf by.. Mr DAVID MORGAN Trustee Date Page 6
KINGS CHURCH SWANSEA Independent Examiner's Report to the Trustees of KINGS CHURCH SWANSEA For The Year Ended 31 March 2026 I report to the trustees on my examination of the account5 of KINGS CHURCH SWANSEA Ithe Trust) for the year ended 31 March 2026. Responslbllltles and Basls of Report As the charity trustees or the Trust you are responslble for the preparatlon of the accounts in accordance with the requirements of the Charities Act 2011 I-the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 1451Sllbl of the Act. Independent Examiner's Statement I have completed my exarnination. I confirm that no material tnatters have come to rny attention in connection with the examination giving rne cause to believe that in any rnaterial Spect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act., or 2. the accounts do not accord wlth those cOrdS. or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities IAccountS 3nd Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which Is not 3 matter considered as p3rt of an Independent examination. I have no concerns and have come across no other marters in connection with the examlnation to whlch attention should be dWrn In this report In order to enable a proper understanding of the accounts to be reached. Carl West ACA Date 43 Brynytnor Road Gowerton Swansea SA4 3EY Page 7
KINGS CHURCH SWANSEA Statement of Financial Activities For The Year Ended 31 March 2026 2026 2025 Unrestrlcted Unrestrlcted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 101,276 53 56.472 35 101,329 56,507 EXPENDITURE ON: Raising funds 176,6861 155,5831 NET INCOME 24,643 924 NET MOVEMENT IN FUNDS 24,643 924 RECONCILIATION OF FUNDS: Total funds brought forward 69,547 68,623 TOTAL FUNDS CARRIED FORWARD 12 94,190 69,547 The notes on pages 10 to 13 form part of these financial statements. Page 8
KINGS CHURCH SWANSEA Statement of Financial Position As At 31 March 2026 2026 2025 Unrestrlcted funds Total funds Notes FIXED ASSETS Tangible Assets io 64,599 66.379 64.599 66.379 CURRENT ASSETS sh at bank and in hand 36,251 15,669 36,251 15,669 Creditors: Amounts Falling Due Within One Year li (6,6601 112,5011 NET CURRENT ASSETS (LIABILITIES) 29,591 3,168 TOTAL ASSETS LESS CURRENT LIABILITIES 94,190 69,547 NET ASSETS 94,190 69,547 FUNDS OF THE CHAIUTY Unrestricted Funds 94,190 69,547 TOTAL FUNDS 12 94,190 69,547 On behalf of the board Mr DAVID MORGAN Trustee Dat The notes on pages 10 to 13 fortn part of these financial statements. Page 9
KINGS CHURCH SWANSEA Notes to the Financial Statements For The Year Ended 31 March 2026 l. General Information KINGS CHURCH SWANSEA is an unincorporated charity registered with the Chority Commission, registered charity nurnber 1161631. The principal address 1$ 146 Loughor Road, Gorseinon, Swansea, SA4 6QX. Accounting Policies 2. 1. Basis of Prepar•tion of Firtancial St•tements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "Accounting and Reporting by Charifies.. Statement OF Recommended Practice applitable to tharities preparing their atcounts in accordance with the Financial Reporting Standard applicabl& in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. Financi31 Reporting Standard 102 "The Financi31 Reporting Standard applicable In the UK 3nd Republic of Ireland and the Charitie5 Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Incoming Resources All incorning SOurceS are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlernent to the gift, receipt is pmbable and its amount can be rnea5ured reliably. • legacy income is recognised when receipt is probable and entitlement is established. • income from donated goods 15 measured at the fair value of the good5 unle55 this 15 itnprattical to Measu reliablyi in whlch case the value Is derived fmm the cost to the donor or the estimated resale value. Donated f3cllities and services 3re recognised in the accounts when received If the value can be reliably measured. No amounts are included for the contribution OF general volunteers. Income from contrarts for the supply of services is recognised with the delivery of the contCted service. This is classified as unrestricted funds unless there Is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as striCted. 2.3. Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under heading5 of the staternent of financial artivities to which it relates.. expenditure on raising funds includes the costs of all fundftising attivities, events, non charitable tftding activities, and the sale of donated goods. expenditure on charitable actlvlties includes all costs Incurred by a charity in undertaklng actlvities that further Its charitable aims for rhe benefii of Its beneflclarles, Including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising fund5 for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Dirert costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 2.4. Tanglble Flxed Assets and Depreclatlon T3ngible fixed assets are measured at cost less accumulated depreciation and any accumulated irnpairment losses. Depreciation Is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Freehold Plant & Machinery 2% straight Ilne 25Qk straight line 2.5. Cash and Cash Equlvalents Cash and cash eouivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid Investments that mature in no more than three months from the date of acoulsltlon and are readlly convertible to a known amount of cash wlth Insignlficant rlsk of change In value, and bank overdrafts. Income from Donatlons and Legacles Page 10
KINGS CHURCH SWANSEA Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 2026 2025 Unrestrlcted Unrestrlcted funds funds Donations and gifts IOL,276 56,472 4. Investment Income 2026 2025 Unrestrlcted Unrestrlcted funds funds Bank interest receivable 53 35 S. Net In¢omel(Expenditure) The net Income Is stated after charging/lcredltingl'. 2026 2025 Depreciation of tangible fixed assets - owned 1,780 1,780 6. Analysis of Expenditure 2026 Activitie$ undertaken directlv Support costs (see note 71 Total Raising funds 1,780 74,906 76,686 2025 Actl¥ltles undertaken directlv Support costs (see note 71 Total Raising funds 1,780 53,803 55,583 7. Support Co$t$ 2026 Ralslng funds GeneTrl administTrtion 74,906 Page 11
KINGS CHURCH SWANSEA Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 2025 Ralslng funds General adrnini5tTrtion 53,803 8. Independent Examiner's Remuneration 2026 2025 Independent examination of the financial statements 660 500 Average Number of Employees Average number of employees during the year was.. NIL12025.. NIL) 10. Tanglble Assets Land & Property Freehold Plant & Machlnery Totsl Cost As at l April 2025 71,801 3,692 75.493 As at 31 March 2026 71,801 3,692 75,493 Depreciation As ai i April 2025 Provided during the period 5,768 1,436 3,346 344 9,114 1,780 at 31 March 2026 7,204 3,690 10,894 Net Book Value As at 31 March 2026 64,597 64.599 A5 at l April 2025 66,033 346 66,379 11. Credltors: Amc*unt$ F•lllng Due Wlthln One Yeor 2026 2025 Trade cfftditors Other creditors 6,660 12,500 6,660 12,501 Page 12
KINGS CHURCH SWANSEA Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 12. Movement in Funds As at l Aprll 2025 Asat31 Expenditure March 2026 Income Unrestricted funds General.. Gener31 unrestricted fund 69,547 101,329 176,6861 94,190 Totsl funds 69,547 101,329 176,6861 94,190 As at l April 2024 Asat31 Expenditure march 2025 Income Unre$trlcted fund$ General.. General unrestritted fund 68,623 56,507 155,5831 69,547 Total funds 68,623 56,507 155,5831 69,547 13. Transactions with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previou5 year. No trustee expenses have been incurred. 14. Related Party Disclosures There have been no related party transactions in the reporting period that require disclosure. Page 13