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2025-12-31-accounts

REGISTERED CHARITY NUMBER: 1183216

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KING·::; CHUKCH Nt.WPOR I

Bevan Buckland Ltd Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA79LA

\

KING'S CHURCH NEWPORT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page
Repor of the Trustees 1 to 5
lndPpimdent Ei;miner'i RPport R
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9
to		 16
Detailed Statement of Financial Activities 17

KING'S CHURCH NEWPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing iheir accounis in accordance with the Financiai Reporiing Siandard appiicabie in ihe UK and Repubiic of ireiand (FRS 102) (effective 1 January 2019).

General

The King's Church is based in Newport, South Wales and focuses its attention presenting the Christian message and empowering people to reach their God-given potential, in addition to trying to help meet the practical needs of the communities that constitute the city of Newport.

Principle Activities

The vision of our Church is to be:

The Church remains completely focussed through its principle activities to continue in its objectives to further the Christian Church in all of its activities and services.

Achievements & Performance Ministry Update

In line with the vision of our Church, the following took place in 2025:

1. People Reaching

The Great Commandment

Care & Support -We continued to offer care and support to our congregation members; prioritising face to face Sunday services as a means of care, support and instruction. Hospital visitations and, individual pastoral sessions took place throughout the year and members of our congregation could also seek support and advise from our dedicated Medical and Social welfare team on a Sunday. We held 4 church lunches in 2025 with between 140 and 206 people coming together for fellowship at each event. In the autumn we also ran The Marriage Course and had 27 couples register to attend.

Connect Groups -We continued to encourage our church congregation to get involved within connect groups as they are an integral part of reaching towards one another and are a great source of care and support for those who wish to take part. Ti11uuyi1uut 2G25, 137 c:1dui1:; i: IU 9 d1iidrt:11 µt:uµi� 11i�l vvii�r·, c:1uiti c:1Ci'u:s:s 12 Cu1i11tiCt y1uuµ:s butii ui'1ii1'it:: dllU i11 iiu11]1 iu, fellowship; with an average attendance of 40 people meeting each fortnight.

The Great Commission

Outreach - Each month throughout 2025 a team went onto the streets in Newport Centre to share with people about Jesus. Our Youth received evangelism training from Message Wales and 17 young people went out one Sunday to share the Gospel alongside their leaders. We were invited to a local school to share with their students in October, and also were invited to sing and talk with patients at Royal Gwent hospital in December.

Alpha - We had 12 team members involved in running in person and online Alpha courses in March, with 28 individuals attend varying sessions over the 13 week period.

Jesus Cares - Jesus Cares has continued to play a vjtaJ role in helpjng to provide practical relief and support to those living in poverty and deprivation across South Wales. Throughout the course of the year, we delivered food and other essential provisions to a network of over 93 organisations (40 of which are school settings).

Page 1

KING'S CHURCH NEWPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

Jesus Cares continued to provide meaningful involvement opportunities for members of the community who wanted to help make a difference in the lives of others. This year we had the privilege of working with 212 volunteers in Jesus Cares who contributed 12,621 volunteer hours to the project.

In 2025 Jesus Cares distributed:

Hampers - 34,945 1 -. .... ,-;,....•'-'..:I P.J ..., ... n.; nr V t JI "l-1 7'ln &..V Hygiene- 14,138 Clothing Pods - 837 Soft Furnishings - 128 Easter Eggs - 12,000 Christmas Presents - 700

.:JUUU n1,:;w::, U"-,.... __ J ., __ _ __ 1 11/ .. u1::,u 1uuu11y 01u1c::, 111 UUI IUvClJ:-.i.-:1-, . .i.:. _ , n:1.1 __ :._ - • •-'- --• ---- tu Cd

2. Life Renewing

Sunday services are the foe.al point for teaching our congregation. Throughout the year we saw our Sunday attendance steadily ···-- inrro�c:i:ii c.nrf h\/ fh,:. ,:::i,nrl nf tho \/��r ,,,. ----··-, -·-··-· - ·- J--· ··- ,:i. c::�:nAJ nn �,,Ar�no ��n niof"\nl,:i, in ,:i, --·· -·· -·-•-.:,--- ,--r·- .•• ---· · --· ··--· r-h c::on.,iro n11rinn ?n?c; Q? nt>\AI n�l"\nlo r,�\lt> 11c:: --· ·· ·.:, ----, -- . .. . .. . ...,..--,--- ::,-·- -- thoir �- ·-·· details.

Throughout the year we continued live streaming services via YouTube, enabling people to enjoy services if they are unable to attend in person and we also o er a catch up on demand service via Facebook and YouTube with links being sent to our congregation each week. On average we saw 163 people watching our services via YouTube and 125 people watching via Facebook each week.

We baptised 20 people and dedicated 14 children during our Sunday services in 2025.

Children Provisions - We welcomed 135 children in King's Kids ( A ge 1 to School Yr 5) and by the end of the year we saw an average attendance of 42 children each week in these groups.

Sunbeams - We continued our weekly parent and toddlers' group with 11 individual babies/toddlers attending the sessions throughout the 2025.

Identity Youth - Every Friday night and every fortnight on a Sunday morning our young people gather. A total of 54 young people engaged in our Friday night youth provision and 65 on a Sunday throughout 2025, with an average attendance by the end of the year of 26 on a Friday and 26 on a Sunday. We also had 17 young people actively serving within teams on a Sunday.

Prayer - There were opportunities to meet to pray for the needs of our congregation and others. We have a team who pray individually throughout the week as well as a prayer meeting before our Sunday service. We also have a group that meets monthly to pray specifically for Israel.

Students/Young Adults - In 2025 our students and young adults met regularly during the month in their dedicated connect group, plus we held 5 events for students/young adults with average 11 in attendance at each event.

3. Gift Releasing

Volunteers - We had 56 people join church teams in 2025. Over the year a total of 217 people from our church congregation faithfully served within teams, both on a Sunday and during the week to help meet the needs of our church family and also our community. In addition, we had 164 volunteers from our community give their time exclusively to helping within Jesus Cares.

Page 2

KING'S CHURCH NEWPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

Future plans

Looking to the future, King's Church plans to continue activities that help us achieve our charitable objectives. We also plan to continue with our upgrades and refurbishment to areas of our Church buiidings.

Public benefit

The King's Church was established as a CIO in May 2019, after operating as a registered charity (of the same name) since 1999. The Object of the Church is, for ihe pubiic beneoi, io advance lhe Chrisiian reiigion in ihe UK and such parts of the world as ihe Charity Trustees may think fit, including by but not limited to, the enrichment of lives through support, training, care and guidance in line with the teachings of the Christian Bible.

How do activities contribute to the achievement of its stated aims and objectives?

Spreading the gospel and following the teachings of Jesus is at the heart of all activities, aims and objectives of King's Church. Strategically, any development of a new actlVlry· or (evlew of an existing activity which llas that core purpose wm be 111 U;ie with the charity's aims and objectives.

Ho•.-, v;1if! achievement of aims further its fega! purpose?

King's Church's charitable aim is to reach others with the Gospel of Jesus. The Church makes a clear statement that it believes the Bible cover-to-cover. The achievement of its aims through the programme of activities ensures that anyone who encounters the work of the charity understands the sole purpose is to advance the gospel.

Financial review

Financial review
Unrestricted Restricted Tota/2025
Income £253,811 £173,467 £427,278
Expenditure (£198,088) (£177,040) (£375,128)
Actual Operating results £55,723 (£3,573) £52,150

Reserves policy

It is the policy of the charity to maintain unrestricted funds to cover 6 months management and administration costs and to respond to applications for donations which arise from time to time.

Reserve levels will be monitored monthly throughout the year. In this way the management team will be aware of the build up of excess reserves or of reserves being unexpectedly or rapidly depleted. If the charity has excess reserves, the trustees will ensure that they do not misrepresent the urgency or need for funds.

Unrestricted reserves at year end were £1,377,511 (2024: £1,287,105). The charity's free reserves available at the year end totalled £120,472 (2024: £105,320)

Principal funding sources

The charity's principal funding sources are tithes and offerings and gift aid.

Investment policy

Under the trust deed the charity has the power to make any investment which the trustees see fit.

Risk management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The key risks identified by the charity during the year were:

Page 3

KING'S CHURCH NEWPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

Organisation

At the end of the year the charity has three trustees who are responsible to manage the affairs of the Church.

The responsibility of running and operating the charity on a day to day basis is delegated to an administration team who work from the premises in 71 Lower DocK Street, N.ewpQrt Qverseen by Pastor David. & Faye Edwards.

Delegation of duties

The trustees have the responsibility to make decisions affecting the charity's submission of major grant applications, major building works and purchases of capital assets and are consulted when changes in personnel occur. Small grants applications are approved by the Management Team and all general purchases are authorised by the Lead Pastors.

To be appointed as a Charity Trustee a person must, in the opinion other Lead Pastor:

ii. subscribe to the Statement of Faith and demonstrate their adherence by their life style;

iv. give regu!ar financial donations to tt-ie work of tt-ie Church; and

In selecting individuals for appointment as a Charity Trustee regard must be had to the skills, knowledge and experience needed for the effective administration of the Church.

In order for decisions to be made there needs to be i3 minimum of three tnIstees in plc1ce. When c1 trustee resigns, the lead pi3stor appoints a replacement before any other matters are considered. A new lead pastor is appointed by the existing lead pastor, contingent to the regulations set out in the governing document.

Nev.,' Trustaas meet individuaHy l.Vlth Paster David Ed\vards giving opportunity fer a !ength;' discussion rsgarding the charity, its operations and future plans. Arrangements are then made for the trustee details and signature to be passed to the relevant bodies for inclusion in charity documents.

Remuneration policy

The charity undertake pay reviews annually with the following considered when setting the salary of its key management personnel:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity was registered as a Charitable Incorporated Organisation (CIO) on 1st May 2019 under charity registration number 1183216. The Charity's governing document is based on a Foundation Model Constitution.

REFERENCE AND ADMIN!STRAT!VE DETAILS Registered Charity number

1183216

Principal address

71 Lower Dock Street Ne'Nport Gwent NP201EH

Trustees

Mr J WWright Mr P B Marshall MrDWood

Page4

KING'S CHURCH NEWPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

REFERENCE AND ADMINISTRATIVE DETAILS

!ndependent Examiner

Michael Jones Bevan Buckland Ltd Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA '/ Approved by order of the board of trustees on ./.9/ ..... and signed on its behalf by: -,./.Zf?. ...... ...................... , ............ �.��.�.� ...................... .. Mr J W Wright • Trustee �t.0�ti

Page 5

lND.EPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF KING'S CHURCH NEWPORT

Independent examiner's report to the trustees of King's Church Newport

I report to the charity trustees on my examination of the accounts of King's Church Newport (the Trust) for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20i 1 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. 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 with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael Jones

The Association of Chartered Certified Accountants

Bevan Buckland Ltd Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea S/l,7 9Lt\ Date: . .J.Y.!f/7. . . f? ................. ..

Page6

KiNG'S CHURCH NEWPORT

BALANCE SHEET 31 DECEMBER 2025

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Investments
c��h at bank ard in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOT AL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
Notes
7
8
9
10
11
Unresiricteti
funds
£
727,039
17,888
200,000
AA( 1�'
""V JIV&
658,050
(7,578)
650,472
1,377,511
1,377,511
Reslricieti
funds
£
185,197
157,699
157,699
342,896
342,896
The financial statements were approved by the Board of Trustees and authorised for issue on ..
were signed on its behalf by:		 2025
2024
Tuiai
Tula!
funds
funds
£
£
912,236
940,402
17,888
15,637
200,000
597,861
710 700
I
1'11 .
815,749
735,436
(7,578)
(7,581)
808,171
727,855
1,720,407
1,668,257
1,720,407
1,668,257
1,377,511
1,280,010
342,896
388,247
1,720,407
1,668,257
..'/ ...S .. /.Z ..
and

······································�··�--\ � Mr J W Wright- Trustee �l�r>�~

The notes form part of these financial statements

Page8

KING'S CHURCH NEWPORT

ST ATEi\liENT OF FiNANCIAL ACTiViTiES FOR THE YEAR ENDED 31 DECEMBER 2025

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forard
TOTAL FUNDS CARRIED FORWARD
Notes
2
4
3
11		 Unrestricted
funds
£
244,459
1,898
7,454
253,811
198,088
55,723
41,778
97,501
1,280,010
1,377,511		 Restricted
funds
£
173,467
173,467
177,040
(3,573)
(41,778)
(45,351)
388,247
342,896		 2025
2024
Total
Total
funds
funds
£
£
244,459
222,762
175,365
190,823
7,454
8,448
427,278
422,033
375,128
368,916
52,150
53,117
52,150
53,117
1,668,257
1,615,140
1,720,407
1,668,257

The notes form part of these financial statements

Page?

1. ACCOUNTING POLICIES

KING'S CHURCH NEWPORT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Basis of preparing the financial statements

1 he tmancIa1 statements ot the charity, which 1s a public benetIt entity under t-K::; 10�. have been prepared In accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable ..... _ .. •lU IOL UIC 111\,,UI IIC VVIII UC I C.,CIVCU C - :----... :11 . _ ____ : _ __ ,, --..J . I IU ll IC 01 IIVUI ll '-,e . _ ------• --- l I UC 11n:::a:::,u,cu I c11au1y. . _ ----· ·---' __ ,:_1,,.1 • •

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entiUement to the �-1u11u:::•-- - ' , 011y t,JCIIVIIIIOllvC VUII\JIUVII.) 01.lel\,,IICU lV LIIC �ICUII.;) ,,ovo UC'OII 111c,, IL I;) �IVUOUIC 1.1101. UIC 111.,VlllC VYIII UC I C\,01VCU --• • - -�--------...J':..i.!-----L-j •- .a.I. - ----•t - ·• •- . ___ --• :1,. : ---L.-LI•L-• 4-L; _ ••• !UL.__ : • • -� QIIU --..J the amount can be measured reliably and is not deferred. Capital grants are released to the Statement of Financial Activities in the year of receipt. Fixed assets relating to capital grants are capitalised, and depreciation charged is offset against the grant income, in a restricted fund.

Income from room hire and events is recognised in the period to which the service is provided and the event is held.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendit1Jre, !! is pr0!)::it,1e th<:1t "' tr;,r,sfor 0f eC-("1<:>rn!,:, benefits wi!! !:>e required in settlement �md the arn0un! 0f the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost - Fixtures and fittings 20% on cost and Straight line over 4 years Motor vehicles - Straight line over 4 years

The company has a capitilisation policy of assets being capitlised over £1,000.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated goods for distribution

� Tht: (.;i ,a,ity it::C;eiv�:; Uv.-n:itt:=U fuud c:ifiU gcnJUs fru,n vi i iUUS SUUf0�S i: i i Uf wl•,i.;ii c:ift= Uistl\UuteU tu its U�iieiiciiifit::5 iur d ,iii consideration.

Page 9

continued ...

KING'S CHURCH NEWPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES - continued

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

"T'---'-11 dUC UCU\UI ;::, -'-'-"--1uo11.:, •--•-• di IU ..,._J .., _ ,. �-vu n:: a I c::a ... CIVdUlt::;":) ... : .• _1, __ ,.a __ ,1. L-··-ll 1(2\ I ICIVC r. . -.J -•• -'-"-IIA.CU UI UCl.CI I l Ill lOUIC -••-:--1.1 _ ____ ,. ___ .,_ JJOJI I IC.I I\::, 1,,lll lC:ll .., -.1. ---di C I lU\ yuULCU 111 di I __ .a. ,.. ..... .1. ... J :- -•• --&: ..... d.,\IVC market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initjaJ recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If thP.rP. i� ::i rlP.r.rP.::t�P. in thP. imn::rmP.nt In�� ::iri�inn fmm ::in P.VP.nt nr- r.11rrinn ::tftP.r thP. imn:: rmP.nt w::i� rP.rnnni�P.rl - thP. imp;ir�e�t is �;v�;;;d. The reversal i-s such- that-the c"t.irrent �arrying ;���nt d��; not exc��d �hat thi carry-�g -a�o�nt would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Oerecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppiiers. Accounts payabie are ciassified as current iiabiiities if payment is due within one year or iess. if not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

continued ...

Page 10

KING'S CHURCH NEWPORT

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES· continued

Financial instruments

1-InancIaI llabI1Jt1es and equity instruments are classI1Ied according to the substance ot the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Debtors

Trade and other debtors are recognised at the sePi"t:1p8yff1t:r"1i5 8i"t: v•aiut:u c: l ii"1t: c:1(1iui. i i i p,eµc:1iu i"lt:l uf c:1iW irc:1ut: uis.:.00,·,ts di.it:. t lement amount after any trade discount offered.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade ui:s1.;uu1 ,b uut:1.

Employee benefits

The charity provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined benefit and defined contribution pension plans.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Curreni assei invesimenis

Current asset investments includes cash and treasury deposits which are short term liquid investments held and are subject to insignificant risk. They are held with the purpose of obtaining interest and are held for a fixed term of less than 12 months after the year end.

2.

3.

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2025 2024
£ £
Donations 197,048 194,539
Gift ::: d A7 A 11
"""Tf
,-,-
I
I		 "lQ ,.,
.,
'-Vi'--&..V
244,459 222,762
INVESTMENT INCOME
2025 2024
£ £
Interest receivable 7,454 8,448
--

continued ...

Page 11

KING'S CHURCH NEWPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR nu= VFAR FNnFn �1 nsrFMRFR ,n,�

4. INCOME FROM CHARITABLE ACTIVITIES

Grants
Events
Grants received, included in the above, are as follows:
Moondance
National Lo ery Community Fund, People and Places 3
GAVO -Newport Council Warm Spces		 2025
Charitable
activities
£
173,467
1,898
i75,385
2025
£
173,467
173,467		 2024
Total
activities
£
186,928
3,895
i90,823
2024
£
40,000
143,523
2,080
➔ '"<
., . .
186,928

5.

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

During the year trustee donation's amounted to £4,740 (2024: 3 trustees donated £5,040)

6.

STAFF COSTS

The average monthly number of employees during the year was as follows:

2025 2024
Employees 5 5

No employees received emoluments in excess of £60,000.

Key management personnel

The key management personnel received benefits (including gross salary, employers national insurance and employers pension contributions totalling £111,990 (2024 : £105,956).

continued ...

Page 12

KING'S CHURCH NEWPORT

NOTES TO THE FiNANCiAL STATEMENTS· continued FOR THE YEAR ENDED 31 DECEMBER 2025

7. TANGIBLE FIXED ASSETS

COST
At I January 2025 and 31 Deceniber 2025
DEPRECIATION
At 1 Januar 2025
Charge for year
At 31 Decembe; 2025
NET BOOK VALUE
,6,t 3' December 2025
At 31 December 2024		 Freehold
property
£
1,043,136
114,657
20,863
135,520
907,616
928,479		 Fixtures
and
fittings
£
", " "
"0,0£ I
23,271
2,404
25,675
916
3,350
Motor
vehicies
Totais
£
£
19,595
1,089,352
11,022
148,950
4,899
28,166
15,921
177,118
3,674
01? ?��
.·-,-..
8,573
940,402

Land buildings were revalued at 30 June 2012 by the Bryan Lon[g ] Partnership who are independent valuers not connected with the charit[y ] on the basis of mar!<et value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms similar[p] ro[p] erties.

The valuation was deemed by the Trustees as still bein[g ] reasonable at transition to FRS 102 on 1 January 2015 and was used as deemed cost on transition.

8.

9.

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 13,170 9,719
Prepayments and accrued income 4,718 5,918
---
17,888 15,637
---
---
CURRENT ASSET INVESTMENTS
2025 2024
£ £
Treasury Fund 200,000
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other creditors 7,578 7,581

continued ...

Page 13

KING'S CHURCH NEWPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

11. MOVEMENT IN FUNDS

At 1.1.25
£
Unrestricted funds
General fund
98,225
Designated fund - Fixed Asset Fund
73; ,785
Designated fund - Project Fund
200,000
Designated_fund_- Facilities Fund
250,000
1,280,010
Restricted funds
National Lotter Community Fund, People and
Places 3
40,659
Awards for All Wales
4,366
IA. . . .
.
IYIVVI IUOl l\C
139,313
Newport City Council Property
202,924
Newpor City Council Community Cohesion
985
388,247
TOTAL FUNDS
1,668,257
Net movement in funds, inch,cPd in the above are as follows:
Unrestricted funds
General fund
Designated fund - Fixed Asset Fund
Restricted funds
National Lottery Community Fund, People and
Places 3
Awards for Aii vVaies
Moondance
Newport City Council Property
Newport City Council Community Cohesion
TOTAL FUNDS		 Net
movement
in funds
£
60,469
(4,746i
55,723
23,243
(1,083)
(20,575)
(4,173)
(985)
(3,573)
52,150
Incoming
resources
£
253,811
253,811
173,467
173,467
427,278		 Transfers
between
funds
£
(38,222)
40,000
40,000
41,778
(35,112)
(6,666}
(41,778)
Resources
expended
£
(193,342)
(4,746)
(198,088)
(150,224)
(-i ,063)
(20,575)
(4,173)
(985)
(177,040)
{375,128)		 At
31.12.25
£
120,472
727,039
240,000
290,000
1,377,511
28,790
3,283
112,072
198,751
342,896
1,720,407
Movement
in funds
£
60,469
(4,746)
55,723
23,243
(1,083)
{20,575)
(4,173)
{985)
(3,573)
52,150

continued ...

Page 14

KING'S CHURCH NEWPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated fund - Fixed Asset Fund
Designated fund - Project Fund
, __ : ___ ,-. �- ·-.
, __ aa.; __ «. ·--
LC�l�l le CU IUI IU • rcn . 111ut
ru, IU
Restricted funds
National Lottery Community Fund, People and
Places 3
Awards for All Wales
Moon dance
Newport City Council Propery
N<wnnr ritv rn, onlil rnmm, 1nitv rnhAcinn
· ·- ··.--· · -··J
- --··-·· -- .. ····-···•,
- - · ·--·-· ·
TOTAL FUNDS		 At 1.1.24
£
99,277
748,511
150,000
nnr lnf
,vv,uuv
1,197,788
30,044
8,220
171,992
207,096
417,352
1,615,140
Net
movement
in funds
£
58,867
{16,726)
42,141
40,615
(439)
{26,013)
(4,172)
915
10,976
53,117		 Transfers
between
funds
£
{59,919)
50,000
�n nnn
vv.uuv
40,081
(30,000)
(3,415)
(6,666)
(40,081)		 At
31.12.24
£
98,225
731,785
200,000
1,280,010
40,659
4,366
139,313
202,924
985
388,247
1,668,257

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund - Fixed Asset Fund
Restricted funds
National Lotter Community Fund, People and
P!aces 3
Awards fr AU_Wales_
Moondance
Newport City Council Property
Newport City Council Community Cohesion
GAVO - Newport Council Warm Spaces
TOTAL FUNDS
Incoming
r"iSuur"cis
£
235,105
235,105
1.' l
'
'- ,._.
40,000
1,325
2,080
186,928
422.033		 Resources
t,q:tnuiu
£
(176,238)
(16,726)
(192,964)
/1(\'Q(\Q\
\•.,._
.I
(439)
(66,013)
(4,172)
(340)
(2,080)
(175,952)
(368.916)
Movement
lr~1 fuiid�
£
58,867
(16,726)
42,141
.n .1,
... .
(439}
(26,013)
(4,172)
985
10,976
53.117

Fixed asset fund

This fund represents the net book value of the charity's unrestricted fixed assets.

Project fund

This fund represents funds designated for the new projects and the sustainment of existing church activities.

Facilities fund

This fund represents funds designated for the maintenance/improvement and long term sustainment of church properties.

National Lottery Community Fund, People and Places 3

continued ...

Page 15

KING'S CHURCH NEWPORT

NV I 1: IV I Mt: rtNAN\,;IAL ::, I A I t:Mt:N 1-::, • commuea FOR THE YEAR ENDED 31 DECEMBER 2025

11. MOVEMENT IN FUNDS • continued

This restricted fund represents monies received for the charity to help fund its Jesus Cares Project. In accordance with the terms and conditions of the grant, £35, 112 is transferred from restricted tu nds to cover overhead costs.

Awards for All

Moondance fund

This restricted fund represents monies received for the charity to help fund its Jesus Cares Project.£6,666 of this grant is transfered to general to cover core costs of the Jesus Cares project.

Newport City Council Property

The restricted fund represents a capital grant received to assist in the refurbishment of the office premises. This grant is being written off in line with the depreciation policy over the life of the asset.

Community Cohesion / Winter Warmers

This restricted fund represents funds designated for weekly coffee morning's and relevant equipment that are held in the church.

12.

RELATED PARTY DISCLOSURES

Except for those noted in note 6, there are no further related party transactions for the year ended 31st December 2025 or 2024.

Page 16