Chthty r•glstration nurnr 1199012 (England and W81••1 THE KING'S CHURCH CHESHAM CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Caladine Chartered Cerlified Accounlant5
THE KING'S CHURCH CHESHAM CIO LEGAL AND ADMINISTRATIVE INFORMATION Tr•1 Mr P J R8ynrJds Mr G Gorton (Chairman) Ms L Wade MS A Berisford Ms A Wsky-JMm•n Charlty number IEngl•nd and Wale41 1199012 Prln¢lp•l •ddr• Trinty Christfjan Communlty Centr• Red Lv)n Street Chesham HP5 1EZ Ind•pend•nt ex•mln•r John Caladine FCCA CTA FCIE Caladlne Limltsd Chantry Hou8e 22 Uppwton Road Eastbjrne Ea8t Susssx 8N21 1BF B•nk• Lloyds 98 Mctwa Street London SwlEL
THE KING'S CHURCH CHESHAM CIO CONTENTS Page Trust•e8' report Independent ex8mlnof8 repr1 statement of fln8nd•l athvlti88 statement of ffinancAal po8ition StAltm•nt of $h fflows Not•8 to th• finandal 8talements 8-18
THE KING'S CHURCH CHESHAM CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEAIBER 2025 The tru5te85 present their annual report and fin8nd81 statements for the year ended 31 Dgc8mber 2025. The llngncial siatemerts h4¥8 been Prepared in a¢cordance wrfh th• accoUnng polides set out in note 1 to ihe financial statements and coMY with the CIO'S Constitution d8d 19 May 2022. the Charities Act 2011 and 'AcUnting and Reporlng by Charities.. Statement of Reoimm¢nded Practice applicable to charities ptEparing their accounts in accord8n¢e with the Finand81 Reporting Stsndard applicable in tho UK and Republic ol Ireland IFRS 1021" leffectlve 1 January 20191. Oblectlve• and 4ctlvltl•• The CIO'S objects are the proclgmallon and furthw¥nc• of tha Gospel of God concerning His Son, Je8U8 Chri8t our Lord, through mlsslon (locally and worldwdel, In d¢veloping maturity In the member8hlp, and in rellecung th8 love of Christ. Public ben6fit The trustee8 hove paid due regard to guidance Issued by the Charity Commisslon in deddlng what aclivitiets the CIO Should undertake. Achlovem•nt• ond rf0ml•nc Signific&nl 8cbvilies and achlevemenls 8p8inst obJectlv8S Th8 Twste8s met four times during the year. Tha church mel 81 Trinity Chrislian Community CenlTe tra¢h Sunday rnornlng for worshlp, fellowship, preaching and t•aching Induding separate sessions for children and young people. Administrgtlon, p88toral wppcfft, tralnlng & mS&w8ek a¢S toc place al Trinlty CCC. Members, homes. Work wth the chlldren & youth was maintaSned and contlnued to grow. Midweek adlvitias have induded mo¢tlng8 for prayer and interce8sion, worship. training and lèad)ing. Thete w•re r&gular rneelings for Bible stvdy, in house group8. W•8kly coffèe & ch8t momings conlinu&d online, provlding contact and eupport for all who chose to join In. Including somo who are le8B able lo g*t oul. Prophetic •ncour8gemenl 8é8glon8 were offer¢d monthly and w¢r• w815 received by th9 who look part. The'sew do it. group, along wllh mgny other actMll&s, were able lo contlnue to meet dudng the year. Tho Community Fridge project, based in the yard adjacent to Broathlay Baplst Church, continued to extremety busy providing con61derable support to the local cornrnunlty In Chesharn. Finandal and Fffayer Support was given lo Claire AnderBon working with YWAM and also al h¢ma grnongst Ukrainian refrjgees. Support wa8 also giv¢n to prolect8 in Ugand8 by He8th Tree Uganda as w¢ll as other Charftie8. Membw$ of the Church sponsor 21 chikjn through the Compas$ion ministry mainly in Nigerta and 0881 Alri. A Compassion Sunday w¥s hold in November with ministry from D8nlel Gbenbe. The Churth conllnued lo r1ve support from the Pioneer fr)erk throvghout the year. Thè18adership maintained contact with leaders of other Local Churches Ihrough'churches togethèr for Chesham.. The church met with the congregation of Broadway Baptist Church In • shared servSc& 4 tim8s in Ihe ytrar. House Groups mel during the year, èxploring various different therne3. Joshua Insley continued the Administrator role and was appointed as an e¢r during the year. Saly Gorton has o)ntinued as pastoral coordinator again this ye8r.
THE KING'S CHURCH CHESHAM CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The pastoral team conllnued throughout the year making Special efforts lo stsy In touch with the Churd) congregation. Involvement with Acts 435, a Charfty 8nablng uowd funding in support of needs coming to the attention of the ¢huith, continued Ixrt at a reduced level this year A special Churth woekend was held in Novembr with guest speakèr P•ler Butt providing excellent mlnlslry was well received and very enjoyable, General Income w88 8 Iitme lower compared with the prwlous y88r, General expenditure was below budget. The buildlng fund was expand•d durlng the year. l the activlties of the Klng's Church transferred from Ihe charity registration nurnber 291990 to the CIO Charity al the stsrt of January 2025, All adlviliès and assets ol the old th8rrty were transferred lo the CIO on 31 st Decernber 2024, after whlth the ¢h¥rity w88 merged wlth the CIO. Pha8e 2 of th& bullding renovation w8s completed duiirrfj 2025. Flnanclal r•vlew The accovnts f(Y the year Bhow 8 Burplu8 of £99,89512024'. £42.063}. Tho Incon In the year aroBe from donation8, Rental, and lh• transfer of a86ets from King's Churth Chesham (old ch•rY). Eypènditure In the year Tèlaièd lo the r8nrwatlon5 WOTk6 to th• building and general maintenanca. Services and upk••p. Al Ihe and of the year. lolal r1V•S were £1,339,917 12024.. £1.240,0231, of whlth £13,748 (2024.. £0) wo8 restricled. Reserves pollcy The tru51ees continue lo rnainlain ¥uilable financial re8erves appropriate for the ongoing wottt of the Chadly. The donslions recelved from rnernber¥ and others contlnue to resourc8 Ihe Activities. Pl•n• for future perfodj The growth of the communty contlnues both numbers, splrftual maturfty And expression$ of th• kJv• of God for Th usè of the building by dIffert groups is gTowng 86 well. The tru8tees cont5nue lo malntain 8UitabK8 fin8ncl81 re8arv&s appropriate for the ongoing worf( of the Charity. Thé donatlons received from m¢mb8r8 and olheT8 contlnuas to r•sour the a¢tlthe$. Structurn, 90MIne• and management The CIO is registered with the Charity Comrnission for England and Wales Ino. 11990121. It is govemed In ¥c¢ordance with rts Constitution dated 19 May 2022. Th& trustees vtho served during the year and up lo the date of slgnature of the ffin•nd818t8tements were: Mr P J Reynolds Mr G Gorton (Chairman) Ms Lwade Ms A Berisford Ms A IMsky-Jitman
THE KING'S CHURCH CHESHAM CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 ReGnJilment and49pp¢yntrngnt 1jsteeS The Iruslees hav8 invited Simon Davies an¢J Julian Wade lo stsnd f election as a Iru$t89 at the AGM. None of the truste85 has any beneficial inler6$t In the company. All of Ihe trustees are Them[$ ofthe company and guaTontee to contrliwle £1 in the event of 8 wnding up. The truste, repcit was approv•d by the Board of Trustees. K4r G Gorton {Chairnan} Trustse Dats: 20 May 2028
THE KING'S CHURCH CHESHAM CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KING'S CHURCH CHESHAM CIO I report to Ihe Iru5te85 on my examination of the fjnanu81 statements of The King's Church Chesham CIO (the CIO) for the year endeil 31 December 2025. Respon•ibllltl•8 And baglg of report As the trustees of the CIO you are responsible for the prepara0 of the finanaal Btatemwts In a¢cordance the rgqulrements ofthe chane$ Ad 2011 (the 2011 Act). I report in respect of my examln81ion of the CIO'5 Ilnanclal $t8tgm•nts carrled out under Bection 145 of th& ChaTthe8 AGi 2011. In carrying out my examination I have followed th¢ Olrections given by the Ch8rity CommissKin under section 14515llbl of the Charitj'es Act 2011. Independent ex•mln•*s Statsmfrnt Sln¢¢ the CIO'S gross income excee(18d £250,000, the independent exgminer must be a mernber of a body lisiad In section 145 of Ihe char8 Act 2011. 1 conffrm ihat l am qualilled to undertake th8 ex8minatlon because l am rnembw of the A&8oriaUon af Chartered Certrfied Accountants. which is one ol ihe118ted bodks. Your attentlon IB drawn to the fact that the chadty has prepared the finandBI statèmtsnts in accordance with the relevanl ver8ion ol the Statement of Recornmended Practlce applicable to charitles preparing iheir finandal 81aternents In accordance with the Flnancial R¢p¢rtlng Siandard applicable in the UK and Republic of Ireland IFRS 1021 in pfel•r•nce to the Accounting and RepO.ng by Charities.. Slalemenl af Rècornmended Practlce issu8d on 1 Aprfl 2005 whlth Is referred lo in the extsnt regulations but has been ¥thdraWn. l un(ler51and that this has b8•t) done in order for th8 financial statements to provide 8 Iwe and fair vlew In accordancè wth UK Generaly Acc8pted A(xounting Pr8clle•. I have completed my ¢xamin8tlon. I confim that no matters have come lo my attenllon In connectlon with tht exgmlnatlon giving me cause to believe that in any matèri81 respect.. 8cGounting records were nol kept in r•spact tsf the CIO a6 requlr•d by $edlon 130 of the ChaTMes Acl 2011. the financial Bt8lemonl8 do not accord with thosè racords,. or the fingnaal statements do not comply with the applicabl¢ r•quirements concerning thè fomi And eontent of financial 8tatemenl8 sel out in the Chanties {Accounl$ and Reports) Regulatlons 2008 other than any requirement that the finand81 statem8ni8 glve a true and falr view, vthlth Is not a m¥ttèr conslderad as part of gn independent eY8min8tion. I have no cx)ncerns and hav• come acro88 no othèr motters Sn connection wlh the examlnation to whlch attention should be drawn in thls report in order lo enable a proper understanding of the fin8ncio1 $t8lemenls to be reached. John Caladl Caladine Limited Chanty House 22 Upperton Road Eastboume East Sussex BN21 1 BF CCACTA FCIE Dale..
THE KING'S CHURCH CHESHAM CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unre•trl¢trd fund 202S R•strlcted fund• 2025 Total Unrnstrictsd fund 2024 2026 Nots• Incomo from: Donations and leg8d8S Charftsble actiwlies Investment8 Other income 116,071 2,130 6.293 195,865 9,907 15,608 125,978 17,738 6,293 209,908 42.255 14,043 1Cé.928 Tot•1 Incom• 320.359 39,558 359,917 149.181 Expvndlturn ¢)n: R8ising funds Charitsbl• Act1vhS 4.489 11.521 4,489 255,533 244,012 107,118 Totsl •xp•ndltur• 244,012 16,010 260,022 107,118 N•t Incom• 78,347 23,548 89,895 42,063 Tran8fer8 btheen funds 19 11,319) 1,319 N•t movam•nt In fund• 11 75,028 24,887 99,895 42,083 R•¢onclll•tlon of lund•'. Fund bal8nc08 at 1 Janu8ry 21Y25 1.240.023 1,240.023 1,197,980 Fund b•l4nc•¥ at 31 D•c•mb•r 2025 1,315.051 24,887 1.339.918 1,240,023
THE KING'S CHURCH CHESHAM CIO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025 2035 2024 Note• Flxod Propety. plant and equipment 15 1,204,347 1.234,673 Current amets Trade and olher re¢elvables C89h at bank and in hand 138.441 6,550 143.995 18,424) 8,550 11,2001 Curr8fit Ilabllltl•• 17 N•t current I•1• 135.571 5,3SO Tot•1 IM• ¢urr•nt Il•bllltlo• 1.339,918 1,240,023 N•t a•••t• 1,339,918 1,240,023 The fund• Dfth• CIO Restricted Income funds UnreBtrided lunds 24,B87 1.315,051 20 1,240,023 1,339.918 1,240,023 The flnanclal 8tal&ment8 Wore approved by thè tru81e88 on 20 May 2026. Mr P J Reyn¢)Id8 Tru•t•• Mr G Gorton IChgSmian) Tru•t•fr
THE KING'S CHURCH CHESHAM CIO STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 1025 2024 Cash flothty from operating activltie• Cash generated from op?ralion$ 23 127.564 58.845 Inv•ln9 aclivltbeB Purth86e of property, plant and equipment Investrnent income recead 11.986) 6,293 (50,295) N•t cash g•n•rnt•d Iromllu••d Inl Invoavng •¢llvltS 4.327 (50,2951 Not Incr# In cash •nd c••h •qulv•l•nts 131,891 6,5 Cash and ¢gsh eqUalentS at begknning ofy•ar 8.550 Ca•h and ¢••h •qulv•l•nts at end of yr 138,441 8,550
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Aeeaunting policie¥ Charity informJtlon Thg CIO 15 registered with the Charrty Commission for England and Wales {no. 1199012). 1118 govemed in c¢ord8nce wth its Constitution dated 19 May 2022. 1.1 8asl# of prepar•tbon The fin8nci81 statements have been prepared in 8¢¢ordance with the CIO'S goveming document, the chat$ Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102'18nd the Charities SORP "Accounting and Reporting by Charitie8'. Statement of Recommended Pr4¢ti¢ applicable lo ¢h8rities preparing thelr accounts in accordance wlth the Finanryal R•porting St&ndafd •pplicab18 in the UK and Republic ol Ireland IFRS 1021" leffedvts 1 Januory 20191. The CIO is a Put4ic 8enefit Entity as defined by FRS 102. Th• financial statemenlB havts depart from the Charhle8 {A¢count8 and Report81 R¢gulatlons 2008 only to the extent required lo provld• A true and fair vlew. This d¢parture has involved following the Statement Recommended Pra¢tl¢¢ lor charities 8pptying FRS 102 ralher Ihan the ver$l¢n ol the Statement of Recommended P¢¢$ which iy r•feTred to in tho R89uIgUon$ but which has since b••n withdrawn. Th8 finandol slulemants are prepared In stsrung, whlth Is the fvnctlon81 ¢urr¢nry of the CIO. Mon•thry amounts these finanaal statements awe round•d to the n8are81 £. Thtr finanaal statements have been pr?par•d under the hiBlorical ¢08t convention. The printypo18¢¢ountin9 poll¢Sès adcfjted are sot out below. 1.1 Goln9 conc•rn Al the time ¢f approving the financial Bl8lem•nts, the tru8teeg have a reasonable expedalion that Ihè CIO has adequate resources to continue in operational 8xistence for the foresee8bl¢ future. Thus the tw$teès contlnue to adopt Iha golThJ concern basi6 of a¢e4untsng in preparing the financial $thlements. 1.3 Ch•rbt•ble fund• Unrèstrictad lund3 are avallable for At th8 dl8cretlon of th? truste85 In furthet¥nc• of thalr chgritable objectlves. 1.4 Incorne Income is recognl8ed when th& CIO is legally enlllled to it 8fter any perfornarbce condltlons have been met. the amounis can be measured reliably, and it 18 prob¥bl• that income wll be recelved. 1.5 Expendltur• Expendiiyrts is r8cognlsed once ihère 1$ a 18gal or constructive otAigallon to transfer economi¢ bèn•fit to a third party. * is probable that a transfer of economic beneffts w511 be reqvlr¢d In settlement, and the amount of the obllgallon can be me85ured reliably. Expenditure ig dassffied by actwty. The costs of each activity are m8dè up ol the total of dir costs and $h8fèd eosts. induding support costs Snvolved in vndertaking eoth adivity. Oirect Costs attrit84e to a single activity are allocaled diredty to that achvity. Shared c081S whlch contribute to moré than one activity and support costs which are not attributable lo a single activity are apportioned befv4een those adwil$ on a b85iS consistent with the use of sourCes. Central staff eosts are allocated on the b8sis of time Spent, and depreuabon charges arè gllocated on the portion of tho asset's use. 1.6 Property, plant and oqulpm•nt Property, plant and eguiprnent are Inlllalty measured at 81 8nd subs8quentty Measured * cost or valualion. net of depreaation and any impairment losses.
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting poll¢l•8 IContlnu•dl Depredelion 15 recognised so as to wrbte off the cost or valuatir of ass less thar residual values over their usefvl Ilves on the following basis.. FehOld land and buildings Fixturès and fittings IT Equipment 50 years straight line 5 years straight line 3 years straight line Freehold land 1$ not d&preciat•d. The gain or1055 8ri81ng on Ihe di8PQ¥81 of an assel is detennlned as the dlfference belwe•n thè 8918 proceeds and the carylng value ol the asset, and 1$ Te¢ognised in the slalement of financial adiviti¢$. 1.7 Imp•lmi•nt of nonwcurrent a•s Al reportlng end dale, the CIO r8viaws the carrylng Bmount¥ of 18nglble oswts lo determlne whether there 1$ any indication that those assets have suffered an Imp8imiènt loss. If any such indKation exists, the reCoverale amount of the asset is ests'mated in order io d$iermlnè tha extent of the lrnpairment loss lif any). 1.8 ¢h and c•¥h equlval•nts Cash and cash equivalents In¢lud* $h Sn hgnd, deposit8 h8ld at call with bank8, Other short-tèmi Ilquid inve61ments wlth orfglnal m8turitièÈ of thr months or les8, and bank overdraftB. Bank ovtsrdrafts are shown within borrowings in curr•nt liabiliti•s. 1.9 Flnancl¥l In•trum•nt• The CIO has elected to appty the provlBlons of Sectlon 11 'BasSc Financ4al In8fwmthl$' ond S•ctlon 12 '01her Financial InstTument619sves' of FRS 102 to all of 11$ fin8ncial in8trum8ni8. Financial instruments are recogni8¢d in th& CIO'S b818nc8 sheet when the CIO be¢JMes pty to th8 ¢ontractu81 provisions of th¢ In$trum¢nt. Fln8nci81 ass•ts and liabilitles are oftset. wth the net amounts pre8ent8d In the financial sialements, when ther& Ss a189ally enforceable right to set off the recognised amounts and there is an Intenb'on to settle on a net b9$is or to malise Ihe asset and settle the liabilty slmullanèously. B•slc flnanchl •ss•ts Basic financial ass&l$, vthich indude trade and other receivable8 and c8$h ortd bank balances, are inttialy me8sured 8t transactlon price Induding Iransatlion co815 and are sub8¢quendy CArried at amort18ed cost using the èffoctive interest meihod unless the arrangernent conslitutos a financing transaction, where the tran58Ction is me8sured at the presenl value of the lulure re¢elpts discounted at a Maet rate of Interest. Fin8ncAal asset6 dassified as ieceivable within on& year are not am0Sed. Baslc fInancI Ihblllll B881¢ flnandal li8bilities. induding trade and other p3yabl88 and bank loans are inltialty r8cognised at Iiansactlon price unless the arrangement con3titute5 a financing Iransadion, Whe the debt instrument is measured at the present value of the future p8yrnenl8 dSscountÈd at a markel rate of interesL Fin8nc4al liabl1.es clas&fied as payalAe within one year are not am0.$d. Debl instruments are 8ub8equendy c8rrled at amortised cost, using the effective interest rale method. Tradè p8y8blès are obligations to pay for goods or servic8s that hav8 been acquired in the ordinary CLJurse of Operations from suppliers. Amounts payable are classified as current liatxlities rf payment is due within one year or less. If not, they are presented as non-current li8bilit185. Tr8de payables are recognised initially at transacts'on pri and subsequenuy measured al arnortiS8d c05t using the etlective interest method.
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polldeo Icontlnued Derecognifion of financial li•bllllles Finanaal labilbtses are derecognised when the CIO'S conlraclual obllg8llons explre or ore distharged or cell8d. 1.10 Rettrement beneflt8 Paymenls to defined contribullon f#remOnt bènefit schemes gre tharged a8 an expense a8 they f811 du¢. Crltlcal accouniln9 tiMat0* •nd Judg•m•nts In the application of the CIO'S accounting poliues, the trusleg5 aro requlrèd lo make judgements, eslirnate8 nd ajsumplions about the c8rrw.ng amount of assets and Ilakn'lllie8 that are nol feadlly apparent from other $ourceB. The astlmates and associated assumptions are bas8d on hi5tOTical exp¢rf¢n¢a and other factors that 80 ¢onsidwad lo b8 relevant. Actual results may differ from these estimates. The estimates and underfying assumptions ara r8viewad on an ongoing basi8. Rev6510ns to a¢¢ountlng estimates are recogniBed In the porlod In whlch th• estlmate Is revised where the revlsion 8ff8CtB lY that period, or In the period of the r¢S1on and futura periods where the revision affe¢t8 both ¢urr•nt and fvlure periods. In¢om• from don•llon• •nd l•gocl Unre•tricted R•¥trlct•d fund• lunds 2025 202S Tot41 Unr••trlcted R•8tricted fund• fvnd• 2024 2024 Total 2025 Z014 Donotlons and glft8 116.071 9,907 125,978 42,255 42,255 Income frorn ch•rltsbl• •ctlvltl•• Unr•4trlthd Re•trict•d lunds fund• 2025 2026 Total Unrn4trlct•d R•¥trlcted fund¥ fund• 2024 2024 Tot•1 2025 2024 Ch•rlt•ble •ctlvltleB Communlty Irldge Charit8ble rental income 15.808 15,608 2,130 2,130 2.130 15,608 17.738 10
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income Irom InT4eBtments UntrICted Unr6strlct•d fundB fund¥ 2020 2024 Int8r8st reab 6,293 Other Incom• Unr•gtrfct•d Re•trlct•d fund• funds 2026 2025 Totsl Unr••tdct•d R••trict•d funds fund• 2024 2024 Totsl 2025 2024 Tr8n$fer from old tharity 195,865 14,043 209,908 106,928 IGfj,926 Exp•ndltur• on r•l8lng fund• Reat¢t•d fund• 2025 Rmtrlcted fund• 2024 FundrnS•lng and publlclty Communjty Frfdge 4,489
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expèndlture on eh•rft•ble athitl•• chUh actl¥itlg8 Churth acbvities 202 2024 Djrect ca•t• Staff costs Depreaabon and impairment Churc*h running costs Mlnistry co8t8 Tr81ning and confarencA8 R8palrs 8nd rnalnten8n Gener81 AdminIstr8On c08t8 Hosprtollty Yriulh and children'B work General expenses Building aerAtionS S4,410 32.292 6.582 10,359 15,822 7,820 1,027 2,388 189 100,058 87 78,447 216,652 94.158 Grant funding of adlvWe818•• nots 91 23,543 Sh•r• of •upport •nd 9ov•m•nc• co•ts (••• not• 101 Support Govemanc• 13,108 2,230 9,862 3,3CQ 255.533 107,118 Analys5• by fund Unrestricted fvn¢Js Restricted fund8 244,012 11.521 107,118 255,533 107.118 12-
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Gr•nts payable Chur¢h •¢tlvltl 2025 Grants lo In$lluUons'. Kinlsugi Hope Individual$ r•l8ted loAc18 435 Pioneer Trust e81thtr80 Uganda Restore Hope Prolecl Possible Stop the traffik Tearfund One Beal Ch8rfty Comp88$lon UK Cxher 1,750 3,760 2.600 1,000 600 500 500 3,885 15,875 Grants lo Indlwdu•ls 7.868 23.543 10 Support costs •llo¢•t•d to *ctlvltl 2025 2024 Telephonè Insurance RepaiTS & mglntenanc GOv•Man costs 345 5,659 7,104 2,230 119 4,110 5.433 3,300 15.338 12,962 Church sCtltIes 15.338 12,962 2025 2024 Gov•rn•n¢è costs comprt••: Independent examinats'on fee5 Legal and professional 1,500 730 1,200 2.100 2,230 3,300 13-
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Net M0ment in funds 2025 2024 Tho nat movefflent in fvnds 18 5tBtad aftttr thargingl{credilingl.' Fa•s payaLqe for the independent examination of the chanty's finanraal stalements DepTerialion ol owned property, plant and equlpmtrnt 1.500 32.292 1,200 15,622 12 Tru•tse8 None of the trustees (or any persons connected wilh them) ro¢dvtsd any remuneration or benefits from the CIO during ltte ye8r. Howavèr Mrs S Gorton, the wKe of MT G Gorton Itr118teel was paid £12,459 for services provlded a¥ P•storAI Workar. During the year donations from tru8tee8, and pw8on$ connacted to them, 8mounled to £30.490 12024.. £25,000). 13 Employm• The average monthly number of •mploy•¢$ dln9 the yearwa8'. 2025 Numbor 2024 Numb•r Employm•nt co•t• 2025 2024 W8g&8 And 8alarte$ Other penon cost8 52,413 1,997 54,410 Induded thIn wages costs above 18 w)$uliancy fe88 of £10,512. Th•rtr were rbo emFdoyeeB whoBe annu81 remunerallon was more than £60,000. 14 T•xatlon Th6 charity is exempt from laxalion on its activths because Bl rt8 income is applled for tharitabltr purpose8. 14-
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Property. plant and equlpmgnt Fr••hold hnd FIxEurn8 and rr Equlpm•nt nd bulldlnBB fMtlng• Totsl Co•t At 1 January 2025 Addition8 1.200,000 8,571 1,473 41,724 1,250.295 493 1,086 At 31 December 2025 1,200,000 10,044 42,217 1,252,261 D•prnclatlon and Imp•lrni•nt At 1 J8nv8ry 2025 Depredallon th8rged In the year 1,714 2.009 13,908 14,283 15.622 32.292 18,000 At 31 December 2025 16.000 3.723 28,191 47,914 Carrying ¥rnount At 31 Dacember 2025 1,184,000 6,321 14,026 1,21M,347 At 31 D•c8mber 2024 1,2CO,000 6,857 27,818 1,234,673 Induded abov¢ 1$ thè property at Trintty BapliBt Chur¢h Ch•sham, which was grfted lo us on 11 December 2023. The property h88 therefore been brought in ¥$ 8 donated asset. based on valuatbon al that date. Tho prop•iTr was v8luad by Jaggard Madand. a ffim of Indepènd8nt Valuatlon experts. 16 Trnd• and oth•r rncèlv•ble• 2025 2024 Amounts falllnq due vAthln on• y•ar. Other receivables PTepayrnenl$ and a¢uu•d income 5,047 507 5,554 17 Curr•nt Ilabllltl•• 2025 2024 Accrual8 and deferr8d Income 8,424 1,200 18 Retir•m•nt benefft 8chem 2025 2024 D•fin•d contribution schemes Charge lo profil or1058 in resped of defined conln'bution scheme8 1,997 The CIO operates 8 defined contribution pension scheme for all quallfylng employees. The assets of the scherne are hdd separatèly from tlyjse of the CIO in an independgnlly administered fund. 15
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 19 ReBtrlct•d fund The restricted funds of the tharity cxynpriBe the unexpended balances of donaticS and grants held on Iwst 8ubj•ct to spe)le condrtions by donor8 a8 to how they may be used. At 1 J•nu¥ry Incomlng 2026 rKourc R•sourceB •xpendad Trnn•f•r• At31 D•¢•mb•r 2025 Ukr8ln8 C Anderson Chrtstm88 apwgl Shoe Box Nlkkl J8rro General Communty Fridge 4.130 3,285 1,212 242 300 1.108 29,281 4,130 14.0551 17,3401 11,2851 12421 11,5461 11,1081 (4,4891 73 1,246 24.792 39.558 116,0101 1,319 24.887 20 Unmtrl¢t•d fund• Th• unr•stricl•d funds of Ihe tharity comprise the unexpended balan$ of donationB and grnnls are not Bubjecl to Specif condilion8 by donor$ and grantors os to how thay may be used. These indude dèsignated funds whith have been 8el aside out of unre¥lri¢led fund6 by the trustees for specffjc purpoM8. At 1 January 2025 Incomlng r••ourc Tr•n•fer• At31 December 2025 eXPded General funds 1,240,023 320,359 (244,0121 11,319) 1,315,051 Pr•vlou¥ year. At 1 January 2024 Incomlng R•soufe•• ourc• èxpend•d Trnn•f•r• At31 D•c•mb•r 2024 General fund$ 1,197.960 149.181 1107.1181 1,240,023 1S
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 Analy•ls of net a•••ts btslween fundg Unr••trlct•d lunds 2025 Restrlcted fund• 2025 Total 2026 At 31 D•c•mb•r 2025.. Property. Flanl and equlpment Curr•nt 8ssetsllliobilitiesl 1,204,347 110,704 1,204,347 135,571 24.867 1.316,051 24,867 1.339,918 Unrn•trl¢tsd fvnd• 2024 RMtrfGted fund• 2024 Tot•1 2024 At 31 D•c•mhr 2024: Propety, plant and equipment Current a3se1511liabililie81 1,234,673 5,350 1,234,873 5,350 1,240,023 1,240,023 R•ltsd p•rty tr•n•actlon• Durlng 2023 the CIO wa8 gifted the old Tnty 8apll$t Church building. Th15 has beèn ranovoled, u8ing the funds rglsed within the existing King'¥ Church Ch¢$hom tharity. On 1 ¥1 January 2025. th• advitles ol the Church were transferred across lo this CIO. whlch wlll conbnues Its actlviilos. The contract lor the bullding works has been undertaken by Gullett & Sons. of whith Mr P Reynolds ltrusl881 Is a director and 8h8reholder. Mr P Reynolds waB excluded from all eonver8ation8 relating lo this conlra¢t. Th• total paid lo Gulltrtt & Sons during the year w83 £84,66312024.. £144.CKJOI. 23 C••h gen•rat•d fvom op•rntlon• 2025 2024 Surplu8 for the yeaT 99,895 42,063 Adlustmentg for. Investment in¢ome recognlsed in statement olfin8nd818dvèS Depreciation and impaim)ent of property, plant and equipment (6.2931 32,292 15,622 Mov8m•nt In working caimtal: Ilncreasel in trado and other receivableg Increaselldecreasel in trade and other payables {5,5541 7.224 18401 Cash gener¥tsd from 0ratIOnS 127,564 58.845 17-
THE KING'S CHURCH CHESHAM CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 24 Analy•h of changes ID net funds The CIO had no matefial debt durlng the year. 1B-