King's=vangelical
DIVINITY SCHOOL
Registered Charity Number 1169734
REPORT OF THE TRusfEES AND FINANaAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
KING'S EVANGELICAL DIVINITY SCHOOL

KING'S EVANGELICAL DIVINITY SCHOOL
CONTENTS
Page
General information
Report of the Trustees
Examiner's report
Receipt and payments account
Balance sheet
io

KING'S EVANGELICAL DIVINITY SCHOOL
GENERAL INFORMATION
Trustees
Gary Edwards (Chair)
David Williams (resigned 16th September 20251
Steven Davies
Charles Blundell
Angela Graham (appointed 13 March 20251
Charfty Reglstration Number
1169734
King's Evangelical Divinity School
I" Floor
415 High Street
London
E15 4QZ
Bankers
Wise Payments Ltd.
Floor 6. Tea Building
56 Shoreditch High Street
London
El 6JJ
Insurers
Ansvar
Beaufort House
Brunswick Road
Gloucester
GLI IJZ
Accounts examined by:
Irena Pistun
8 Hawthorne Avenue
Monton
Manchester
M30 9JT

KING'S EVANGELICAL DIVINITY SCHOOL
REPORT OF THE TRusfEES
YEAR ENDED 31 DECEMBER 2025
King's Evangelical Divinity School IKEDSI exists to advance the education of the public in
theology and religious studies and the Christian faith. It offers accredited courses at
undergraduate and p05t8raduate levels.
The Trustees present the annual report tO8ether with the financial ststements of the Trust for
the period ended l December 2025.
l. Objertlves
The charitable objects as detailed in the Trust Deed dated 25 January 2009 are:
11 to advance the education of the public in the subject of theology and religious studies.
21 the advancement of the Christian religion mainly. but not exclusively, by means of
broadcasting Christian messages of an evangelistic and teaching nature.
3) to advance the Christian religion for the benefit of the public through the holding of
prayer meetings, lectures, public religious services, and produring and/or distributing
literature on Christiantty to enlighten others about the Christian religion.
2. Activitles
History
The School was founded in 1990 in the midlands by a l¢xal church to provide evening and
short courses in biblical studies and theology to Evangelical Christians. Courses were initiallv
unaccredited and most of the tutors were local church pastors. In 2002 the school began to
offer formally accredited undergraduate studies via the University of Wales, and by 2009 was
also offering accredited postgraduate studies. In 2008, the school became independent of its
parent local church and was renamed King's Evangelical Divinity School. In 2010 King's became
partner college of the Theology and Religious Studies department at the University of
Chester. The school now operates remotely and currently offers Bachelor of Theology,
Graduate Diploma and Master of Arts progrdmmesvalidated bychester University. King's also
offers its own internally validated progrdmmes and short courses.
Ongoing t￿7￿￿e5
The school specialises in distance learning and all its progrdmmes are delivered online. Faculty
at the school come from across the United Kingdom and overseas, and students are based in
the both the UK {60%1 and overseas140%}. Currently, overseas students primarily reside in
Engllsh-speaking countries and the European Union.
The school also holds conferences and teaching event5. conducts study trips, and publishes
theological materials. It has occasional involvement in short-term missions.

Adlvltle5 In the ￿Or ended 31 2025
In this period, the school refined its Mission and Vision statements, and developed its
marketing message and strategy given the current global climate for online theoloEical
education,. the website VRS entirely reworked in line with these considerations. Severdl new
faculty member5 were added.
The school continues to have a substantial number of students on BTh and MA courses
validated by the University of Chester. Although the University of Chester decided in summer
2023 to stop validating courses for any new student5 With the school. all existing students are
allowed to complete their courses with validation from Chester. However, this loss of ability
to offervalidated courses meantthe pressing issue forthisyearfor the Trust wasto find a new
validating partner so that students could continue to be attracted to the school.
The school's application to join the European Council of Theological Education {EcfEI as its
new validating partner is progressing well and is expected to be completed in 2026. This
partnership allows the school to continue to offer accredited ¢ourses, while providing 5tudentS
with greater flexibility in transFerring credits to other programs in the UK and USA. The
majority of our course5 have now been appropriately adapted to our new validating partner's
system.
The main objectives for the Trust in 2026 are therefore 11 to complete the application process
for validation through EcfE, and 2) then attrart new students to study our validated courses
with them.
Forour non-accredited courses, we have had considerable Inte￿St and a good numberof new
students in 2025, in particular biblical languages, Knowing Your Bible, and Foundations of
Biblical Interpretstion.
The school organised a well-attended Big Questions teaching day, held a joint conference with
Chosen People Ministries on a variety of topics related to Israel and the Church, and launched
the Jewishchristian Studies podcast. On-line seminars on diverse topics were condurted
throughout the year, with a successful seminar series on cutting*dge theological research
from March to May. the messianic background of Jewish Passover rituals in April. and a series
about matters immediately pertinent to pastors during pastor's appreciation month in
October.
The Trust works with several churches and Christian organisations in the UK and abroad in
order to achieve its objectives.
3. Financial Review
The accountsfortheTru5t are attached and have been prepared onthe Receipts and Payments
basis in accordance with the Charities Act 2011 and the requirements of the Charities
Commission guidance paper FR5102 for smaller charities.
During this period the Trust has received income of £35.829 and incurred expenditure of
£33,015. At the balance sheet date of 31" De¢ember 2025, the Trust had a cash position of

£11,939 and a55etS totslling £64. None of the cash is restricted. The Trust has no creditors and
only has obligation5 to distribute the donations received in accordance with the wishes of the
benefactors. The Trustees are encournged that the financial position is stable compared to the
start of the period. In view of this, the Trustees are satisfied that the Trust be considered
going concern.
The two main sources of income are tuition fees and donations. The main expenses relate to
the provision of academic services (tutoring and other profes5ion?11, IT costs, and financial
and insurdnce Costs. The Trustees are satisfied that the level of reserves in the Trust is
adequate for the next year.
4. Structure, Governance and Management
Noture of qoverninq document
The Trust is governed by a Deed dated 25 January 2009.
Publlc benefit
The Trustees confirm that they have complied with the requirements of section 17 of the
Charities Act 2011 to have due regard to the public benefitguidance published by the Charity
Commission for England and Wales.
Statement of Trustees Responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the Financial
Statements in accordance with the United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial ststements for each
financial period which give a true and fair view of the state of affairs of the Trust and of the
incoming resources and application of resources of the Trust for that period.
In preparing these financial statements. the Trustees are required to:
select suitable accounting policies and then apply them consistentlyi observe the
methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any
material departu￿$ disclosed and explained in the financial statements; and
prepare the financial statement5 On the going con¢em basis unless it is inappropriate
to presume that the charity will Continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of theTrust and enable them to ensure
that the financial statement5 comply with the Charities Act 2011, the applicable Charities
(Accounts and Reports) Regulations, and the provisions of the constfturion. The Trustees are
also responsible for safeguarding the assets of the Trust and hence for tsking reasonable step5
for the prevention and detection of fraud and other irregularities,

Orqanlsotlonols¢rurture
The Trustees oversee and make decisions regardin8 the strate8ic direction of the charity in co-
ordination with the School Principal (Dr. Anthony Roylel, as well as setting budgets, and
dealing with legal and personnel issues. Gary Edwards holds the position of Chairman. The
Trustees delegate the day-to-day runnin8 of the Trust to the School Principal, who actions all
the key objectives and operdtion5 of the Trust. Trustees review the operations of the Trust on
quarter￿ basis and are inVo￿ed in day-to-day management decisions as ￿queSted by Dr.
Royle.
Rlsks
The Trustees review the major risks to which the Trust is exposed. The Trustees believe that
maintaining reserves at the levels ststed. combined with annual reviews of the controls over
key financial systems, will provide enough resources in the event of adverse conditions. The
Trustees are aware of other operational, external and law compliance risks which the Trust
faces and confirm that they have considered and mitigated against the significant risks.
Recrultment ond appointment OA Trustees
New Trustees are appointed by a resolution passed at a properly convened meeting of the
existing Trustees. When the Trust seeks potential new Trustees. it does so through its network
of contacts. In selecting individuals for appointment as a Trustees. the existing Trustees have
regard to the skills, knowledge and experience needed for the effective administrdtion of the
Trust. Trustees are interviewed and provide both professional and personal references before
they are Considered forappointment.
In this period, Mr. David Williams resigned a5 Trustee on i* September 2025. The Trustees
thank him for his years of faithful support of the Trust.
Also in this period, Mrs. Angela Graham was appointed as Trustee on 13 March 2025. New
Trustees are given training as to their obligations as per the Charity Commission guidance on
public benefit, as well as orientstion in the Trust's Deed, decision-making processes, business
plan and recent financial perfomiance. Trustees are encouraged to attend appropriate
external trdining events where these will facilitate the undertaking of their role.
This annual report was approved bythe Trustees of the Trust and signed on its behalf by:
Signed...........................-.-.-..-..........
28-0É-20
Date.-
Gary Edwards
Chairman and Trustee

KING'S EVANGEUCAL DIVINifi SCHOOL
INDEPENDENT EXAMINER'S REPOKr
YEAR ENDED 31 DECEMBER 2025
I report on the accounts for the year ended 31" De￿rnber 2025. which are set out on pages 9 and 10.
Respertive Responsibilities of Trustees and Examiner
The Trustees are responsible for the preparation of the accounts. The Trustee5 consider that an audit
Is not required for this year under section 144121 of the Charities Act 2011 Ithe "Charities Act") and
that an independent examination is needed.
Having satlsfied myself that the tharlty is not subject to an audit and is eligible for independent
examination, it is my responsibility to..
examine the accounts under section 145 of the Charities Act. and
to follow the procedures laid down in the general Directions given by the Charity Commission
(under sethon 14515llbl of the Charities Act, and
state whether particular matters have come to my attention.
Basis of independent examinerfs statement
My examination was carried out in accordance with general Directlons Eiven by the (J7arity
Cornmission. My examination included a review of the accounting records kept by the charity and
comparison of the accounts presented with those records. It a150 included consideration of any
unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning
any suth matters. The procedures undertaken do not provide all the eviden￿ that would be required
In an audit, and consequently. no opinion is given as to whether the accounts present a ￿rue and falr
view" and the report is limited to those matters set out in the statement below.
Independent emamlnerfs ststement
In the course of my examination. no matter has come to my attention
l. which gives me reasonable cause to believe that. in any material respect, the requirements
to keep accounting records in accordance with section 130 of the Charities Act,- and
to prepare accounts which accord with the accounting record5
have not been rnet; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the a¢counts to be reached.
Irena Pistun
8 Hawthome Avenue
Monton
Manchester
M30 9JT

KING'S EVANGELICAL DIVINITY SCHOOL
RECEIPTS AND PAYMENT ACCOUNT
YEAR ENDED 31 DECEMBER 2025
31 Dec 2025
31 Dec 2024
Operatlng Income (£)
Tuition Fees
Gifts and Donations
Alumni Contributions
Bank Deposit Interest
Publishing and Sales
Refunds
33.394
2,430
39,177
7,020
571
50
45
765
TOTAL
35.829
47,019
Operating Expenses 1£)
Academic expenses and Services
Tutor expenses
Administrdtor & Secretarial
Payroll & Professional fees
rr Costs
Insurances
Office & Other operational cost5
Merchantnrdnsaction fee5
Finance & Interest charges
Sundry expenses
Office Assets
9.952
128
12,628
1.941
19,159
1469
1031
703
510
18,500
1.743
583
2,426
73
631
TOTAL
33,0
37.957
Notes..
'The profft/loss statement and cash summary report an income of £46,926, compared to £47,019 on
the annual return-a £57 difference due to bank interest being recorded as income in the annual
return but as an expense in the profft/loss ststement, ensuring con5i5tent categorisation for 2023 and
2024. Similarly, expenses in the profit/loss and cash summary total £37.837, while the annual ieturn
shows £37.957-a £120 difference. This diserepancy arises from £63 in fixed assets Inot listed as an
expense on both report51 and £57 in bank interest.
Insurance costs hncrea5ed following the expansion of cover. including cyber insurance approprl*e for
an online school.
Merchanvtransaction fees indude bank and payrnent proces%ng charges, net of cashback.

KING'S EVANGELICAL DIVINITY SCHOOL
&4LANCE SHEEr
AS AT 31 DECEMBER 1025
31 Dec 2025
31 Dec 2024
Assets 1£)
Current Assets
Cash at bank
Cash at hand
Tangible Assets (office Equipment)
11,939
9.062
TOTAL CURRENT A55Ers
12.003
9,126
Liabilities {£)
Card Account
TOTAL CURRENT UABILITIES
TOTAL ASSETS AND LIABILITIES
12.003
9,126
This financial report was approved by the Trustees ofthe Trust and signed on its behalf bv:
Signed....................................................
Date..
Gary Edwards
Chairman and Trustee
io

2025 Financial Report Explanatory notes."
Please See below how the Xero categories (italicised) were summarised for 2025..
Operaung Income:
TOTAL
l. Tuition fees (- Applicotionfee + Degrees + Short Course in Xero)
2. Gifts & Donations l= Donations in Xero)
3. Publishing and Sales (- other revenue in Xero)
4. Refunds {- Refvnds in Xero)
opera￿n8 Expenses..
£33,394
£2,430
£50
£45
l. Academic expenses and Servi¢es l=Advert & Marketing £1.864.97 +Subscriptions
£611.27 +Travel internotlonal £267.56 +
Travel Nationa1£573.89 + Volidation £6,633.90}
2. Tutor expenses l= Tutor Salary)
3. Payroll & Professional fees
Contractor solary £1.999.48 + Solaries £17,160)
4. IT Costs (- Websitefeesl
5. Insurances {= Insurances)
6. Office & Other operational costsl-audit & occounting £496.26+
rent £158.28 + general expenses £48.￿)
7. Merchant/Trdnsaction fees (Bankfees £116.09 + Stripe Fees £393.42)
8. Office Assets 1=offi￿ equipment)
'additional category
£9.952
£128
£19,159
£1469
£1031
£703
£510
£64
**