Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 REGISTERED COMPANY NUMBER: 1184180 (England and Wal8sl REGISTERED CHARITY NUMBER.. 1184180 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOR KING'S CHURCH. HIGH WYCOMBE Seymour Taylor Limited. Ststutory Auditor First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP11 2EE Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Page Report of the Trust88S Report of the Independent Auditors Ststem•nt of Flnancial Actlvities Balanco Sheet 10 Cash Flow Statsment NotOS to the Cash Flow Statsment 12 Not•s to th• FlnancSal Statem•nt8 13 to 22 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE (REGISTERED NUMBER: 1184180) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report wrth the financial statements of the charity for the year endeil 31 August 2025. The Iruslees have adopted the provisions of Accounting and Reporbng by Chants'es.. Statement of Recommended Practice applicable to charf(ies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffe¢tive 1 January 20191. The charitable company Vfd5 incorporated on 1 July 2019 and its operab"on5 commenced in September 2019 th the transfer of assets. liabilities and ath'vilies from the unincorporated association, The King's Church High Wycombe. 08JECTIVES AND ACTIVITIES Obj8ctiVo$ and aims King's Church, High Wycombe I'lhe Church") is established by a constitution dated 8 April 2019. The object of the Church is the advancement of the Christian farth. ￿lch 1$ achieved primarily by members presenting the Christian gospel each week in church meetings open to all. In setting our objectives and planning our aclivrties our trustees have given careful considerabon lo the Chanty Commission's general guidance on public benefit. STRATEGIC REPORT Achlèvémants and pgrfornian¢• These fi'nancial $talement$ have been prepared in ac¢ordan¢e v￿lti the new giving framework adopted by the Trustees. Under this Iramework, members are encouraged to make voluntsry contributions lo two designated funds.. the Church Fund and the Giving Beyond Fund. The Church Fund Is applied towards the tharivs core aclivib"es, including the Costs of church operations, staffing, building maintenance. and the provbsion of ministries deliVe￿d wthin the Church. such as King's Kids, King's Youth, and pastoral support. The Giwng Beyond Fund support$ the fvrtherarKe of the chariV$ charitable purposes beyond ils immediate activities in three areas.. Beyond gur wall$- expenditure from this fund 1$ dire¢led towards l¢xal mission and outreach inilialives, Beyond our borders- support for overseas mission partners, and Beyond our generations - investment in the development of futu￿ leaders through the Church's inlemship programme. Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE (REGISTERED NUMBER: 1184180) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Charitable activities The activitie5 of the Church are concentrated at the King's Centre arKI the aim of the Church is lo spread the gospel message locally. nationally and globally. The Sunday moming meetings draw people from a wide range of nationalities and cuttures wth numbers of attendees of 643 and still growng. One Sunday service per week 15 live51reamed lo accommodate members who could not attend the in "person meeting5" and as an accessible way for non-church members to experience church ￿ere they are. The Church continues thriving work amongst children and young people both on Sundays and during the week. Ouring the year the Church ran a youth weekend away alongsKle other local chviches. and look over 53 young people to the week-long Newday Christsan youth festival in the summer al vthich many young people grew in their faith. Globally the Church is invofved in a number of overseas missions including Nepal. Middle East and North Africa. Support has been given both financially and ihrough on-line communication. The leaders propose to visit some of these missions during the year supported by a group of church members Locally the Church has continued to offer support for single parents, families wth babies & toddlers, Students, homeless and exploited people. An average of 40 babies and toddlers per week attended the babies and toddlers group during the period. The Church supports One Can Foodbank, and CAP Debt Relief Centre helps those with overwhelming debt. 'King's Table,. served an average of 32 guests each week, providing meals and practical support lo individuals experiencing homelessness or facing life-conlrolling addictions. Chosen,. a registered CIO launched by the church that supports women caught up in commercial sexual exploilalion through Street outreach and il continues to receive financial and other support from the Church. The Church runs free Learning English classes which help vrt)men for lthom English is a second or third language averaging 130 per week. These classes are very popular and are helpin9 to brin9 relief to women who are otherwise relatively Isolated in soc*ty. Flnanclal revlow Flnancial posltlon The Trustees are encouraged by the Charws financial position over the yeaf Wth income slightly up by 3.68% on the previous year. Expenditure marginally went up by 0.14Qk despite the general rise in costs of good5 and services. The result is a smaller deficit of £44,752 compared to the previous year deficit of £81,91e. The Trustees are salisfieil wrth the ￿$vIt. Re$er49$ poII¢y The reserves policy 1$ based on ￿ntradUal ¢ommrtments parb'¢ularly in re$pe¢l of employees. The policy is largeled at the cost 013 months. notice periods e5tsmated al £180.000 and this level is required lo manage the velalility of income and lo ensure continuity of core operations. Free reserves al year end were £278,523. The Trustees consider that any surplus in reserves wll mainly be held lor future capital projects. The reserves policy 15 reviewed every 2 month5 alongsNle management accounts. Cash flow forecasts and risk assessments. Annual Pay R8vlow The leadership and staff pay levels are established wth reference to a number of benchmarks.. These are'.- the annual inflation rate, other pay awards in Industry especially the NHS and teachers pay, and finally taking account of the operational aspects such as grosth and fina￿la1 perfomian¢e of the charity. The Trustees are responsible for setting the annual pay award. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by rts governing document, a deed of trust, and constrtutes a limited company, limited by guarantee, as define2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE (REGISTERED NUMBER: 1184180) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT R&¢rultm&nt and appolntmont of new tN$tO0$ The Trustees are empowered to appoint and discharge trustees by resolution at a meeting. The trustees who served throughout the year are shown below. The responsibilities for the day-ltrday management of the Church is delegated lo the senior leadership team as listed below". J Harbour R Horne R Wainman Senior Pastor Associate Pastor Associate Pastor Rlsk manag•m•nt The trustees have ensured that sufficient Insuran￿ is in place to ￿Ver re-building costs and public liability. Fire and Security systems are tested and maintained regularly and Ihe conditson of the buildings reviewed ice-yearly. Destruction or major damage lo the Kings Centre through fire or other means is seen lo be a major risk. To miligale the damage the charity ensures that rt complies all requirements of the fire officer and is fully insured. The disaster recovery plan would Tequire the main meeting being temporarily tronyferred lo an *llemalive srte and allemalive offices V￿uld ￿ rented. The risk of Iraud is addressed by implementing a cash handling procedure and the issue of regular income and expenditure reports. The systems are backed up regularty lo drfferenl locations on sile and work is undernyay lo move lo a System of backing up off sile lo the Cloud. REFERENCE ANO ADMINISTRATIVE DETAILS R•gi$t•r•d Company number 1184180 (England and Wales) Reglstgrgd Charlty numb9r 1184180 Rtrgistored offic• The King's Centre Desborough Road High Wycornbe Bu¢kingham$hire HP112PU Trustees P A Chipping P T Gibbins (Chairl H Hedges T l Olowoloba I C Stokoe R Wainman M D Wells Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE (REGISTERED NUMBER: 1184180) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 REFERENCE AND ADMINISTRATIVE DETAILS Audltors Seymour Taylor Limf(ed, Statutory Auditor First Floor North 40 Oxford Road High Wycombe Bu¢kingham$hire HP112EE Professional Advice The charity takes professional adwce from its auditOTS Seymour Ta￿or on matters Con￿mIng the charity. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees Iwho are also the d1￿clOr$ of King's Church, High Wycombe for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance wth applicable law and Unrted Kingdom Accounting Standards Iunrted Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under th31 law. the Iruslees have elected to prepare the financial statements in a¢cordan¢e wlh United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the trustees must not approve the financial ststements unle$$ they are satisfied that they give a true and fair view of the 51ale ol affairs of the charitable company and of the incoming re50urce5 and application of resources. including the income and expendrture, of the charitable company for that period. In preparing those financial $tatement$, the trustees are required to select suitsble accounting poltcies and then apply them consrstenlly., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable ant1 prudent". slate vthelher applicable a¢￿untIng standards have been foll¢)wed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial slalemenls on the gojng concem basis unless il is inappropriate to presume that the haritable company wll ¢onlinue in business. The Iruslees are re8p)nsible lof keeping proper zrtounb.ng records vA)ich discloge wth reasonable accuracy at any time the financial posits'on of the charrtable company and to enable them to ensure that the financial slalemenls Comply with the Companies Act 2006. They are also responsible for safeguarding the a55e15 of the charitable company and hence for taking reasonable steps for the p￿VentIon an¢J detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware." and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to e31ablish that the auditors are aware of that information. AUDITORS The auditors, Seymour Tayk)r Limiteil. 7MII be re-appointe¢J in accordance Y￿th section 487121 of the Companies Act 2006. Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE (REGISTERED NUMBER: 1184180) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Report of the trustees, incorporating a strategic report. approved by order of the board of trustees, as the company directors, on . .2&.V.gJ.29.?.fj....................... and s￿ned the board's behalf by". P T Gibbins- Trustee Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF KING'S CHURCH, HIGH WYCOMBE Opinion We have audrted the financial ststements of King's Church, High Wycombe (the 'charilable company'l for the year ended 31 August 2025 vA)ich comprise the Ststemenl of Financial Activ￿e$. the Balan¢e Sheet, the Cash Flow Statement and notes to the financial statements, induding a summary of significant accounting policies. The financial reporb.ng framework that has been applieil in their preparation is applicable law and United Kingdom Accounts'n9 Standards Iunrted Kingdom Generally Accepted A¢¢ounting Practicel. In our opinion the financial st*emenls". give a true and fair view of the stste of Ihe charrtable companls affairs as at 31 August 2025 and of its incoming re50urce5 and applicat￿n of ￿sOurces. including rts income and expenditure, for the year thèn ended, have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance VAlh the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wth Inlemational Standards on Audib'ng IUKI IISAs IUKII and applicable law. Our responsibilities under those standards are further describe2ABM6BC-83F74CA5846575D7 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF KING'S CHURCH, HIGH WYCOMBE Matters on which we are required to report by exception In the light of the knovledge and understanding of the charitable company and 115 environment obtained in the course of the audit, we have not identified material misststements in the Report of the Trustees. We have nothing lo report in respect of the followng matters Ithere the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounbng records have not been kept or retums adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement ￿ the accounting records and retums.. or certain disclosure5 of Iru5tees' remuneration specrfied by law are not made., or we have not ￿ceiVed all the inform*ion anil explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibilibes, the trustees l¥tho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair wew. and for such internal control as the trustees determine is necessary to enable the Preparation of financial statements that are free from material misslalement. whether due lo fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charitable company's ability to continue as a going concem. disclosing. as appli¢able. matters related to going concern and using the going concern basis of accounling unless the trustees either intend to Iwuidate the charitable company or lo cease operations, or have no realistic atternative but to do so. Our r•sponslbllltlo8 for the audlt of the financlal statsments Our obje¢live$ are lo obtain reasonable assuran¢e about whelher the financial statements as a whole are free from material misstatement. vthether due to fraud or error, and to Issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit ¢ondu¢led in a¢cordan¢e wth ISA$ IUKI wll a￿yS dete¢l a material misstatement when il exists. Mis5talements can arise trom traud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. The extent to which our proce2ABM6BC-83F74CA5846575D7 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF KING'S CHURCH, HIGH WYCOMBE As a result of these pr(￿edUres. V￿ considered the opw)rtunities and incentives that may exist within the organisation for fraud. In common wth all audits under ISAS IUKI, we are also required lo perfomi specific procedures lo respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations thal had a direct effect on the delemiinab'on of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context Included the LIK Companies Act and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial stslemenls but compliance Trmth which may be fvndamenlal lo the Company's ability to operate or lo avoid a material penaty. Audit rosponso to risks identified As a resutt of perforniing the above, we idenlrfied revenue deferrals as a key audit matter related to the potential risk of fraud. The key audrt matters secb'on of our ￿port explains the matter in more detail and also describes the specif1c procedures ￿ performeil in re$pon$e lo that key audr( matter. Our procedure$ to respond lo risks identified Included the following.. reVie￿llng the financial ststement disclosures and lestsng to sUppO￿.ng documentation to assess compliance th provisions of relevant laws and regulation$ described as having a direct effect on the fi'nancial slalemenls", enquiring of management conceming actual and polentsal Iibgabon and Claims.. perfoming analytical procedures lo identify any unusual or unexpected relationships ihat may indicate risks of material misslalemenl due lo fraud, oblained an understanding of provisions and held discussions *hilh management lo understand the basis of recognition or non-recognition of tax provisions.. and in addressing the risk of fraud through management override of controls. lesling the appropriateness of journal entries and other adju$tment$', a$$e$$ing vthelher the iudgemenl$ made in making ac¢ounling estimates are indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the nomal course of business. We also communicated relevant identified laws and regulat￿n9 and potential fraud dsks to all engagement team members including internal specialists an¢J significant Component atJ¢Jil teams, and remained alert lo any indicab'ons of fraud or noncompliance wth and regulat￿nS throughout the audiL A further des¢ription of our responsibilities for the audil of the financial $talemenl$ is lo¢ated on the Finan¢ial Reporting Council'5 website at wvhY.frc.org.ukJauditorsresponsibilities. Thi5 description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit wjrk has been undertaken so that we might state lo the charitable company's members those matters we are require<1 lo slate lo them in an auditors, report and for no other purpose. To the fullest extent permitted by law, V￿ do not accept or assume responsibility to anyone other than the charitable company and the charrtable companys member5 as a body. for our audit work, for this report, or for the opinions we have fomed. ElrLabelh Horton FCA FCCA (Senior Statutory Auditor) for and on behalf of Seymour Taylor Limited, Statutory Auditor First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP112EE 27 May 2026 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 Total fvnds 2024 Totsl funds Un￿$trI￿e￿ funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 839,954 249,838 1,089.792 1,051,388 Other trading activities Investment income Other income 371 7.254 343 714 7.254 3,322 4,277 Total 847,579 250,181 1,097,760 1,058,987 EXPENDITURE ON Charitable activities Outreach and youth work Pastoral and church acb'vilies Social action Overseas missions Beyond our borders Beyond our generab'ons Beyond our walls Emerging generations Pastoral and discipleship Church activities 120,205 866,377 90,176 64,145 77,883 34,343 111.948 21,541 77.883 34,343 111.948 139,913 300,463 477.962 118,372 300,463 469,172 8,790 Total 888,007 254,505 1,142,512 1.140,903 NET INCOMEIIEXPENDITUREI Transfers botw88n fund$ (40.428} 12.5711 14,3241 2,571 144,7521 181,9161 15 Net movement In fund¥ {42,999} 11,753 144,7521 181,9161 RECONCILIATION OF FUNDS Total funds brought forward 1.611,490 111,302 1,722,792 1,804,708 TOTAL FUNDS CARRIED FORWARD 1.568.491 109.549 1,678,040 1,722,792 The notes form part of these financial statements Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE (REGISTERED NUMBER: 1184180) BALANCE SHEET 31 AUGUST 2025 2025 Total fvnds 2024 Totsl funds Un￿$trI￿e￿ funds Restricted funds Notes FIXED ASSETS Tangible as5els 12 1,289,968 11,295 1,301,263 1,364,160 CURRENT ASSETS Debtors Cash at bank 13 26,735 298,536 26,735 396,790 12,897 407,454 98,254 325,271 98.254 423,525 420,351 CREDITORS Amounts falling due vthin one year 14 {46,748} 146,7481 161,7191 NET CURRENT ASSETS 278,523 98,254 376,777 358,632 TOTAL ASSETS LESS CURRENT UABILITIES 1.568.491 109,549 1,678,040 1,722,792 NET ASSETS 1,568.491 109,549 1,678,040 1,722,792 FUNDS Unreslricled funds Restricted funds 15 1.568,491 109,549 1,611,490 111,302 TOTAL FUNDS 1,678,040 1,722,792 The financial statements were approved by Ihe Board of Trustees and authorised for issue on 26.PA•y.202s......................... and were signed on its behall by". P T Gibbin$- Trustee The notes form part of these financial stslements 10 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cash flows from operating activiti•s Cash generated from operations 13.6341 131} Net cash used in operats'ng activities 13,6341 1311 Cash flows from Investing actlvbtSes Purchase of tangible fixed assets Sale of tangible fixed assets Interest received 114,2841 168,0471 4,277 3,322 7.254 Net cash used in invesbng activrties 17.0301 160,4481 Change in cash and cash oquSval•nts In the reportlng porlod Cash and cash equivalents at the boglnnlng of thg reportlng p•riod 110.8641 160,4791 407.454 467,933 Cash and cash equivalents at tho and ol the roportlng p•rlod 396,790 407.454 The notes form part of these finar￿la1 statements Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net expenditure for the reporting period las per the Ststement of Financial Activiti•sl Adjustments for: Depreciation charges Profrt on disposal of fixed assets Interest received Ilncreaselldecrease in debtors Ioecreasellincrease in creditors 144,7521 181,9161 77,181 77.101 14,2771 13,3221 5,319 7,064 17,2541 113,8381 114,9711 Net cash used In 0￿ratiOnS {3,6341 1311 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 Cash flow At 31.8.25 Not cash Cash al bank 407,454 110,6641 396,790 407.454 {10,6641 396,790 Totsl 407,454 110,6641 396,790 The notes form part of these finar￿la1 statements 12 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the ¢harrtable Company. vthich is a public benefrt entity under FRS 102, have been prepared in accordance wth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties prepanng their accounts in a¢¢ordan¢e wlh the Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost ¢onvention. King's Churd), High Wycombe is a UK charitable incorporated organisation registered the Charities Commission in England and Wales. The charty's principal address is The King's Cenlre, Desborou9h Road, High Wycombe, Bucks. HP112PU. The registered charity number is 1184180. The presentation currency of these financial statements is Sterfing 1£), being the currency of the primary economic market in which the entity operate5. All imounls in these financial slaternenls have been rounded lo the nearest pound unless stsled olhemse. The $1gnifi¢ant a¢¢ounling poli¢ies applied in the PTepar3b"on of these financial stslements are set out below. These policies have been consislenuy applied lo all years presented unless othenmse stsled. The trustees have revIev￿￿ and stress tested projects'ons and budgets for the next ￿e1ve months. Followng this review, the Iruslee$ consider there lo be little impa¢l on the Charty's ability lo act as a going concern. The Iru$lee$ have reviewl the fundraising po$$ibilth'e$ and the ¢apital resources available and consider that the charity has adequate resources in place lo continue ¢iperalions for the next fv￿1ve months. Crltlcal a¢¢ountlng Judgements and key Sourc￿ of ￿tIMatIon uncertalnty In the application of the companYs accounting policies, the trustees are required to make judgements, e51imales and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these e5ts'males. The estimates and underlying assumptions are reviewEd on an ongoing basis. Revisions lo accounting estsmales are recognised in the penod in which the estimate is rewsed, rf the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The areas for vthich estsmal￿n has been applied are considered to be in calculating depreciation. Although this area is subject to judgement, this is not considered lo be subject lo significant eslimalion. Income All income is recognised in the Statement of Financial Actiw"ties once the charity has entrtlement to the funds, rt is probable that the income wll be received and the amount can be measured reliably. For donations to be recognise(I the charity wll have been notified of the amounts and the settlement date in writs'ng. If there are conditsons attached to the donats'on and this requires a level of performance before enlillemenl Can be obtsined then income is deferred until those condrtions are fully met or the fulfilment of those COnd￿onS is %Mthin the control of the charity and it is probable that they ￿￿11 be fvlfilled. 13 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES- continued Income Investment income is eamed through holding assets for investment purposes such as property. 11 includes interest and rent. Investment income is measured at the fair value of the Consideration received or receivable, excluding discounts and rebates. Expenditure Liabilibes are recognised as expenditure as soon as there is 8 legal or constructive obligation committing the charity to that expenditure, rt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatson can be measured reliably. Expenditure is a¢¢ounled 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 partKular headings they have been allocated to acliwlies on a basi5 con5iStenl with the use of resources. Grants offered subject lo conditions %thich have not been mel al the year end date are noted as commitment bul not accrued as expenditure. Allo¢atJon and apportlonm•nt of ¢osts Where costs cannot be dire¢dy attributed lo parb'cular headings they have been allocated lo activ￿.e8 on a basis con51Stent wth use of the resources. Salaries have been apportione2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES- continued Financial instruments Financial instruments are Class[r￿￿ and a¢counte(I for. a¢¢ording to the svbslance of the contractual arrangement. as either financial assets. financial liabilities or equity instruments. An equity instrument is any contract that ev￿enCeS a residual interest in the assets of the charty after deducting all of it5 Trad• and other dabtors and credlto Trade and other deblors are recognised In￿allY at transacb'on price less attributable transaction costs. Trade and other creditors are recognised Initialty at tran3acb.on price plus attributable transaction c051s. Subsequent to inib'al recognib'on they are measured al amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing Iransaclion, lor example if payment is deferred beyond normal bu5ines5 terms, then rf( 15 measured at the present value of fulure payments dI￿o￿nted at a market rate of interest for a similar debt instrument. Cash and cash equivalents Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand and short term deposits wlh an original malurty dale of three months or less. Bank overdrafts are disclosed wrthin creditors. DONATIONS AND LEGACIES 2025 2024 Gifts Donations Gift aided donations Grants 3,203 221,1SS 851,377 14,057 158.093 136.986 745,949 10,360 1,089,792 1,051,388 Grants received. included in the above, are as follows.. 2025 2024 Buck8 Council grant Heart of Bucks The National Lottery 10.000 14,057 14,057 10,360 15 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 OTHER TRADING ACTIVITIES 2025 2024 Other income 714 INVESTMENT INCOME 2025 2024 Interest receivable 7,254 3,322 CHARITABLE ACTIVITIES COSTS Grant fvnding of activities (see note Support costs Isee note 7} Direct Costs 61 Totals Beyond our borders Beyond our generations Beyond our walls Emerging generations Pastoral and discipleship Church acts'vilie$ 2.050 32,220 88.383 139.913 295,906 328.614 7S.643 2,098 23.405 190 25 160 77,883 34,343 111,948 139,913 300,463 477,962 4.557 149,348 887,086 105,703 149,723 1,142,512 GRANTS PAYABLE 2025 2024 Outreach and youth work Pastoral and church acbvity'es Social action Overseas missions Beyond our borders Beyond our generations Beyond our walls Pastoral and disapleship 1.038 49,182 18.043 58,256 75,643 2,098 23.405 4,557 105,703 126,519 16 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 GRANTS PAYABLE - continued The total grant5 paid lo Inslrtutions during the year was as follows= 2025 2024 Wycombe Youth for Christ Lighthouse Christians Against Poverty Youth Newilay Evangelical Alliance Other Wycombe Homeless Connection Love Wycombe Nepal Catalyst Central KA Aposl Resonate Chosen One Life Bethany CMM Church Calalysl Resonate Kintsugi Hope 2,400 1,500 9,000 2,762 1,000 9,000 5,000 700 150 700 896 1.000 29.005 8,400 12,000 6.000 1,800 1,000 14,300 12,000 6,000 1,800 18.000 250 66,846 77,817 The total grants paid lo individuals during the year was as follow5.. 2025 2024 Grants to individuals 38,857 48,702 SUPPORT COSTS Governance costs Staff Finance Totsls Beyond our borders Beyond our generations Beyond our ￿all$ Church activiliey 190 25 160 2,130 190 25 160 149,348 131,318 15,900 131,318 2,505 15,900 149,723 17 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 NET INCOMEIIEXPENDITUREI Nel incomellexpenditurel is $tale(l after Chargin￿{¢re￿￿ng). 2025 2024 Depreciation - obyned assets Surplus on disposal of fixe2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 12. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At 1 September 2024 Addth'ons 1,565.626 528.402 14,284 2.094.028 14,284 Al 31 August 2025 1,565.826 542,686 2,108,312 DEPRECIATION At 1 September 2024 Charge for year 302.686 31.312 427,182 45,869 729,868 77,181 Al 31 August 2025 333.998 473,051 807,049 NET BOOK VALUE Al 31 August 2025 1,231.628 69,635 1,301,283 Al 31 August 2024 1,262.940 101,220 1,364,160 13. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Tax Prepayments and ac¢rued income 800 15,433 10,502 2,410 10,214 273 26,735 12,897 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade cred(tors Social security and other taxes Accruals and deferred income 8,201 14,146 24,401 153 12,752 48,814 46,748 61,719 19 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 15. MOVEMENT IN FUNDS Nel movement in funds Transfers between funds Al 31.8.25 At 1.9.24 Unrestricted funds General fund King's Centre Unrestricted fixed assets 264.272 1,262,940 84,278 31.1L 131.3121 140.2221 {16.8551 278,523 1,231,628 58,340 14,284 1.611,490 140.4281 (2,5711 1,568,491 Rastrictsd funds HW Debt relief Hope fund Vision fund Wesl End Hall Reslricled fixed assets Beyond 3,237 73.764 8.698 8,661 16.942 329 174.7331 110.2001 12,6221 15.6471 88.549 3,566 100 1,069 1.502 6,039 11,295 88,549 111.302 14.3241 2,571 109,549 TOTAL FUNDS 1,722,792 144,7521 1,678,040 Nel movement in funds. included in the above are as foll0v￿.. Incoming resources Resources expended Mtsvemenl in fvnds Unr8Strfctgd fund¥ General fund King's Centre Unrestricted tixed assets 847,579 1816,4731 131,3121 140,2221 31,106 131,3121 140,2221 847.579 1888,0071 140,4281 Restrictod funds HW Debt relief Hope fund Vision fund West End Hall Restricted fixed assets Beyond 4.312 13.9831 174,7331 110,2001 12.6221 15,6471 (157,3201 329 174,7331 110,2001 12,6221 15,6471 88,549 24S.869 250.181 {254,5051 14,3241 TOTAL FUNDS 1,097,760 11,142,512) 144,7521 20 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in fvnds Transfers be￿en ftjnds Al 31.824 Al 1.9.23 Unr8strfctod funds General fund King's Centre Unrestricted fixed assets 352,041 1.294,252 48.581 131.3121 140.1411 (136,3501 264,272 1,262,940 84,278 124,419 1.646.293 122.8721 111,9311 1,611,490 Restricted funds HW Debt relief Hope fund Vision fund West End Hall Reslricled fixed assets 4.077 96.388 26,700 31.250 112.0191 123.3761 118.0021 11,179 752 3,237 73,764 8,698 8,661 16,942 122,5891 22,589 15.6471 158.415 IS9.OHI 11,931 111,302 TOTAL FUNDS 1.804.708 IB1.9161 1,722,792 Comparats've nel movement in fvnds. induded in the above are as follows,, Incoming resources Resources expended Movement in funds Unre$trf¢ted fund¥ General fund King's Centre Unrestrithd lixed a$$els 928.904 1880,3231 131,3121 140,1411 48,581 131,3121 140,1411 928.904 1951,7761 122,8721 Rostricted funds HW Debt relief Hope fund Vision fund Reslricled fixed assets 370 70,170 59.543 {12,3891 {93,5461 {77,5451 15,6471 112,0191 123,3761 118,0021 15,6471 130.083 (189,1271 159,0441 TOTAL FUNDS 1,058.987 11.140,9031 181,9161 The King's Centre Is the cost of the Church where the ¢harrty perfonns rts charitsble adivilies and is being depreciated annually. Reslricled fixed asset fund. indudes all fixed assets hthich have been purchased using restricted funds and are being depreciated each year. The Vision fund is for new inrtiatives. induding financing the development of fvture church leaders. 21 Docusign Envelope ID.. ED43EAE>2ABM6BC-83F74CA5846575D7 KING'S CHURCH, HIGH WYCOMBE NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 AUGUST 2025 15. MOVEMENT IN FUNDS- continued HW Debt Relief fvnd assists towards helping people in High Wycombe to free themselves from a life of debt. The Hope fund was established as part of the Hope Initiative to care, help and bring hope to vulnerable people in the local High Wycombe communty. West End Hall fund is reserved to refurbish the West End Hall area of the Church. these entries have been transferred to the restricted fixed assets fund in the year. Giving Beyond fund supports both Beyond Our Walls. supporting local OLrtreach projects, and Beyond Our Borders, funding internatsonal mtssion and development inTb"ab"ves. 16. EMPLOYEE BENEFIT OBLIGATIONS The charity contributes to the employees pension schemes, the pension cost charge represents contributions payable by Ihe charity lo the fvnd and amounted lo £55,82012024'. £53.8851. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2025.