**Charity registration number 1200788** 

## **KNIGHTON FREE CHURCH** 

## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 30 SEPTEMBER 2025** 



## **KNIGHTON FREE CHURCH** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Trustees** Joshua Radford Jonathan Barrett John Smuts Joshua Errawella (Resigned 1 July 2025) Rodney Green Philip Raine (Appointed 18 March 2025) **Charity number** 1200788 **Company number** CE030488 **Principal address** Brinsmead Road Knighton Leicester LE2 3WB **Independent examiner** Paul Barnett FCCA Newby Castleman LLP West Walk Building 110 Regent Road Leicester LE1 7LT **Bankers** CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ Kingdom Bank Media House Padge Road Beeston Nottingham NG9 2RS 



## **KNIGHTON FREE CHURCH** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 23|





## **KNIGHTON FREE CHURCH** 

## **TRUSTEES' REPORT** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

The trustees present their annual report and financial statements for the Church for the year ended 30 September 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution, the Charities Act 2011 and "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). 

## **Objectives and activities** 

The objects of the Church are: 

- the advancement of the Christian Faith in accordance with the Basis of Faith primarily but not exclusively within Knighton, Leicester and the surrounding neighbourhood; and 

- such other charitable purposes as shall, in the opinion of the Managing Trustees, further the work of the Church. 

The vision of Knighton Free Church (KFC) is to proclaim and demonstrate 'Christ in us. Christ through us. Christ for all.' We seek to commend to our generation the faith, hope and love that God has given us in His Son Jesus Christ. 

## **Activities** 

Our commitment to grow as a faith community in worshipping Christ in Spirit and in truth continues to be reflected in a wide range of activities. We know this requires us to combine our conviction about the Lordship of Christ with gracious humility towards others of different perspectives. We have a particular focus on reaching and serving the needs of young people whether they are members of the church or merely visitors from the local community. The Elders seek to ensure that all our activities respect the inspiration of God’s Word so that the authority of the Holy Spirit of God speaking through Scripture governs our rule of faith and life. 

Sunday services together with most other meetings are open to all. The 10.30am and the 7pm services are generally streamed for those unable to attend. The public benefit of collective worship and prayer is therefore experienced across a wide local community as well as further afield, including internationally. Our common life of worship and prayer includes activities for all ages and stages. While there is much overlap in the composition of congregations for different services, the Sunday 9am service has a particular focus on adults as there is no particular provision for children. The 10:30am service is designed for the whole congregation, particularly families. The 7pm service offers a more contemporary feel with a significant degree of participation making it especially attractive to students and young people. 

Regular activities throughout the week are held for all age-groups from babies and toddlers to retired people. We continue to be blessed with large numbers of children and young people attending both midweek and Sunday morning groups. Several young people from other churches attend Knightlife as their youth group to enjoy Christian fellowship. Other groups, such as the Family Hub and Nippers, welcome those who are neither official church members nor attending Sunday services. None of this would be possible without the many volunteers who faithfully serve in the life of the church, both in people facing roles such as leading in a youth group, as well as in practical roles such as setting up the building. The readiness of volunteers to serve their wider community remains a strength of the church. 

In all our activities we continue to improve our accessibility to people with additional needs. Not only have we made the building more accessible, we also strive to ensure that our oral, visual and written communications are as sensitive as possible to the widest spectrum of needs. We have made progress in welcoming everyone whatever their background, age or additional needs. This remains an ongoing learning experience in dialogue with those concerned. 

- 1 - 



## **KNIGHTON FREE CHURCH** 

## **TRUSTEES' REPORT  (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **Safeguarding** 

The safeguarding of children and vulnerable adults is seen as a key responsibility of the Church. Following last year’s review, the church remains a member of Thirtyone:Eight which is an independent, external charitable organisation specialising in creating safer spaces and providing safeguarding support. We seek advice from them as required for our safeguarding policies and procedures and for our ongoing program of training. We seek to provide the safest possible environment, particularly in high trust contexts that churches typically offer. The trustees are grateful for the commitment to safeguarding of the many volunteers serving within KFC. This is demonstrated by the significant attendance of church members and leaders at training sessions that are designed to ensure that the details of our Safeguarding Policy are understood and translated into practice. DBS checks are regularly renewed. We are very grateful to the 3 volunteers who comprise our safeguarding team. 

## **Achievements and performance** 

The public benefits of worship and of participating in Holy Communion extend principally to those within the faith community. But it is well known that there are many benefits from meeting together, singing together and serving one another which extend to the wider community, including visitors and those exploring faith issues. The church serves as a place for the community to gather, to foster social connections and to build resilient networks. We provide a range of important services, many of which extend to whole families and offer refreshments at no cost to the community. Our teachings promote ethical values and thoughtful decision-making to develop children and young people, to support couples, parents and singles, and to care for older people. We model sacrificial volunteering and financial giving to others demonstrating the value of an outward facing community. 

Our worship services focus on the reality of our risen Saviour, Jesus Christ. We believe he is at work in our world through his Holy Spirit seeking to save those who are lost even while he is also seated at the right hand of Almighty God, our heavenly Father. These are profound truths that have shaped British society for centuries and will continue to do so fruitfully in the future. We will have to continue adapting to our changing social and economic context. Leicester is one of the UK’s fastest growing areas; one of the most youthful; one of the most diverse with 240 faith groups and more than 70 languages spoken. This richly diverse community presents enormous challenges and opportunities which we embrace open heartedly. KFC is a friendly, all-age church with a family feel and a strong sense of unity. We have an enviable mix of men, women and children from varied socio-economic and ethnic backgrounds. The church fellowship is mostly drawn from south Leicester and surrounding villages with a membership of around 200. We hold to a congregational order of church with our members responsible for the appointment of the Elders and Pastors. 

Church ministry is divided into identified areas. These include compassion ministries; families, children and youth; pastoral care; safeguarding; women's ministry; welcoming; financial management and others. As a member of the FIEC, we hold to a male eldership. Nevertheless, men and women are identified to lead these different areas of ministry and are encouraged to convene small teams to support their work. Plans are also in hand to appoint a Women's Ministry Lead as a senior member of the staff team. This enables a wide spectrum of people to use their gifts, interests and experience for the common good. The vast majority of service is therefore undertaken by volunteers. Each Deacon is supported by a lead Elder who provides advice and direction as appropriate. Training and appraisal is being developed in a light touch and proportionate manner to ensure that the best use is made of willing, but scarce, resources. 

We also have regular events aimed at families from both church and the local community, The Family Hub. It includes games and crafts, singing, a Bible story and food. It is normally held on the first Saturday afternoon of the month. The Church also supported the Knighton Park Show taking a stand that gave the local community a chance to find out who we are and what we do. 

For many years we have run a residential Christian camp for children and young people attending KFC, other churches & their friends. Across each camp there are a variety of activities, games, trips and more. Each camp also meets together each day to sing, pray and learn more about Jesus and what it means to follow God today through what the Bible says. This is a significant commitment by the volunteers and staff who give their time to oversee the camps. But the impact over many years has been substantial and many testify to the experiences on camp having shaped the rest of their lives and service in the church. This year was a particularly significant year for a number of young people becoming more fully committed to Christ and enthused in their faith. We do not take these summer youth camps for granted and are extremely grateful to those who serve them. 

- 2 - 



## **KNIGHTON FREE CHURCH** 

## **TRUSTEES' REPORT  (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **Public benefit further afield** 

KFC is involved with organisations working locally, nationally and internationally. These include: 

- The Raft: supporting care-experienced children and young people in Leicester and Leicestershire 

- Open Hands: providing emergency support and care for people in need in Leicester 

- Saffires: walking alongside women who sell sex in Leicester to offer holistic care 

- Transforming Lives for Good (TLG): reaching out to local schools to support and teach children who would be at risk of exclusion 

- North Evington Church; Eyres Monsell Church; Carley Church: helping to develop small church communities in diverse, deprived neighbourhoods of Leicester 

- Friends International and UCCF: growing friendship and faith with local and international Students in the UK, including running the Globe Café 

- Additional Needs Alliance: helping churches to include and support children, young people and young adults with additional needs or disabilities 

- Overseas mission agencies: maintaining prayer links and financial support to El Alfarero, AWM, UFM, Compassion, Interserve - as well as other agencies that individual members of the church support with regular donations. We maintain links with a group of churches in Northern Romania providing support for the Pastor and delivering gifts through the Blythswood shoebox appeal. Regular donations and money raised by the Crowdfunder appeal at the start of the war continue to be sent to the Ukraine refugee centre that we support. 

## **Financial review** 

The results for the year ended 30 September 2025 are shown in the Statement of Financial Activities on Page 7. This, together with the balance sheet on page 8 should be read in conjunction with the related notes in accordance with the Charities SORP (FRS 102) 

Total income for the year amounted to £432,319 (2024 - 432,834) The principal funding source was donations and legacies. Total expenditure for the year amounted to £409,847 (2024 - £414,140) A breakdown of expenditure is set out in the notes to the financial statements. Both income and expenditure are closely monitored. 

Our trading subsidiary continues to provide retirement accommodation for elderly Christians. The trading results are detailed in note 16 to the accounts. 

## _Reserves policy_ 

The Trustees have reviewed the reserves of the Church. They concluded that the policy is to maintain free reserves at a level which equates to at least three months unrestricted fund expenditure, amounting to approximately £96,000. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church’s current activities whilst consideration is given to ways in which additional funds may be raised. The Trustees define their free reserves as being total general funds less unrestricted tangible fixed assets and as at 30 September 2025 this amounted to £233,500. Within this amount includes various designated funds, and the total unrestricted general funds amounts to £174,086. 

## _Investment policy_ 

In accordance with the terms of the Constitution, the investment powers are: 

- to invest the money of the Church in any investments, shares, securities or property (real or personal) of any nature (including investments involving liability and those not producing income) and in any location that the Managing Trustees decide. 

The investments held by the Church continue to be social investments rather than financial investments. The Trustees have regard to their statutory duties in terms of investments which includes a periodic review of their holdings. Details of investments are summarised in note 16 to the accounts. 

- 3 - 



## **KNIGHTON FREE CHURCH** 

## **TRUSTEES' REPORT  (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## _Major risks_ 

The Trustees have assessed the major risks to which the Church is exposed. A risk register is in place to mitigate them. The most significant foreseeable risks were identified as follows: 

- Children and vulnerable adults – the priority given to safeguarding children and vulnerable adults has been described in more detail above. 

- Data – the Church takes data protection seriously and aims to ensure that all personal data is safe from unauthorised access. The Church seeks to be fully compliant with legislation relating to data protection, GDPR and freedom of information. 

- Finances – the Church has reviewed its financial arrangements as part of its governance review. Our Finance Team works with a lead Trustee acting for the Elders collectively. This team has accountancy skills and commercial experience. It seeks to produce timely information for financial monitoring and decision-making by the Trustees. 

- Mission support – in a volatile world it is important to have clear understandings about the necessary support and liabilities involved in maintaining mission activities, particularly overseas. Our financial commitment to missions is exceptional and we intend to maintain it as long as circumstances allow. A review of our mission support policy is being conducted in consultation with our partners to introduce clearer approvals processes, reviews and exit strategies. The Trustees take reasonable steps with our Romanian & Ukrainian partners to ensure that our donations are applied for charitable purposes. 

- Reputation – Trustees are aware of how damaging adverse circumstances can be to the reputation of the Church community resulting in a loss of confidence among those who voluntarily support the church. Our Governance Review continues to seek to minimise the risks which might arise from unwarranted assumptions, unclear accountabilities and loose controls. 

- Business Continuity Plan - Trustees have commissioned work to develop a credible business continuity plan in the event of unforeseen eventualities. 

## **Plans for future periods** 

- Our preaching program has covered Paul's epistle to the Ephesians, the Gospel of Mark and Luke's account of the Acts of the Apostles, as well as other themes around prayer. 

- We have adopted a new statement of our Vision & Values to give focus and coherence to our work. This centres on the idea of a small mustard seed growing in such a way as to benefit others. There is now increasing clarity within the leadership and ownership by the congregation of our vision to partner in mission with other local Christian churches, and the need to understand the priorities of those working in diverse and disadvantaged communities. 

- We have introduced a number of Deacons with agreed role descriptions so that leadership can be distributed widely with appropriate challenge and support. We also plan to continue enlarging the team of Elders and have plans in place to develop leadership capacity with this in mind. 

- The Governance Review has explored how our behaviours, structures, processes and meetings might be modernised, simplified and clarified for more effective ministry in the longer term. We expect it to continue until the end of the planned two year cycle. It has been designed to ensure that all the major activities of the Church will have been purposefully reviewed. 

- Our buildings are an important asset. We have begun to plan a three year program of maintenance and renewals to ensure that our facilities are updated, sustainable and safe. A refurbished kitchen to serve all ministries and additional office space to accommodate new staff are particular priorities. 

- We hope to improve our giving and expenditure plans so that our impact in the community leads to further engagement and growth. A major Stewardship Sunday is planned to share these matters with the whole congregation and to seek their response to longer-term needs. 

- We have updated our website with an online presence that is more dynamic and user-friendly. 

- 4 - 



## **KNIGHTON FREE CHURCH** 

## **TRUSTEES' REPORT  (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **Structure, governance and management** 

Knighton Evangelical Free Church became a registered charity on 14 April 2009 in accordance with the legal requirement for churches to register as charities. On 5 April 2015 the name was changed to Knighton Free Church. It nevertheless remains an Evangelical Church. Under a new CIO constitution, the Church Council continues to be responsible for the management of the affairs of the Church. The Church Council consists of the Elders of the Church. As an incorporated body it has a legal personality of its own. This means it can enter into contracts in its own name. It can employ staff rather than requiring trustees to do this. It can own property in its own name. The Elders/trustees will review these options from time to time to decide whether there may be advantages in exploring them further in the future. 

The Church is affiliated to The Fellowship of Independent Evangelical Churches, the Evangelical Alliance and the Midlands Gospel Partnership. Our Pastors also have personal networks that help local churches to collaborate in mutual support. 

|The trustees who served during the year and up to the date of signature of the financial statements were:|The trustees who served during the year and up to the date of signature of the financial statements were:|
|---|---|
|Joshua Radford||
|Jonathan Barrett||
|John Smuts||
|Joshua Errawella|(Resigned 1 July 2025)|
|Rodney Green||
|Philip Raine|(Appointed 18 March 2025)|



## _Recruitment and appointment of trustees_ 

Pastors shall be nominated by the Church Council and be elected by the admitted members of the Church by a special resolution passed at a special Church meeting. 

Nomination for Eldership shall be made by the Church Council and be submitted to the Church for consideration as a special resolution at a special Church meeting. Elders are elected for a term of up to 5 years and shall then be eligible for re-election to a similar 5 year term. They will not be eligible to serve a third term for 12 months after the end of their second term. 

The Pastor and Elders are the Officers of the Church and the Managing Trustees of KFC. When a new Managing Trustee is appointed, they are provided with a copy of the latest annual report and accounts of the Church, the Constitution and Church procedures and other relevant documentation. 

The trustees' report was approved by the Board of Trustees. 

Rodney Green **Trustee** 

10 March 2026 

- 5 - 



## **KNIGHTON FREE CHURCH** 

## **INDEPENDENT EXAMINER'S REPORT** 

## **TO THE TRUSTEES OF KNIGHTON FREE CHURCH** 

I report to the trustees on my examination of the financial statements of Knighton Free Church (the Charity) for the year ended 30 September 2025. 

## **Responsibilities and basis of report** 

As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). 

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I 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 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 Charity as required by section 130 of the 2011 Act; or 

- 2 the financial statements do not accord with those records; or 

- 3 the financial statements 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 financial statements to be reached. 

## **P T Barnett FCCA (Independent Examiner)** 

Dated: 10 March 2026 

Newby Castleman LLP West Walk Building 110 Regent Road Leicester LE1 7LT 

- 6 - 



## **KNIGHTON FREE CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**Notes**<br>**£**<br>**£**<br>**Income from:**<br>Donations and legacies<br>**3**<br>346,728<br>24,019<br>Charitable activities<br>**4**<br>42,787<br>8,838<br>Other trading activities<br>**5**<br>3,329<br>-<br>Investments<br>**6**<br>6,594<br>24<br>**Total**<br>399,438<br>32,881<br>Charitable activities<br>**7**<br>384,100<br>25,747<br>**Net income**<br>15,338<br>7,134<br>Transfers between funds<br>**19/20**<br>741<br>(741)<br>**Net movement in funds**<br>16,079<br>6,393<br>**Reconciliation of funds:**<br>Total funds brought forward<br>668,859<br>367,275<br>**Total funds carried forward**<br>684,938<br>373,668|**Total**<br>**2025**<br>**£**<br>370,747<br>51,625<br>3,329<br>6,618<br>432,319<br>409,847<br>22,472<br>-<br>22,472<br>1,036,134<br>1,058,606|**Total**<br>**2024**<br>**£**<br>389,302<br>35,790<br>2,940<br>4,802|
|---|---|---|
|||432,834|
|||414,140|
|||18,694<br>-|
|||18,694<br>1,017,440|
|||1,036,134|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

- 7 - 



## **KNIGHTON FREE CHURCH** 

## **BALANCE SHEET** 

## **AS AT 30 SEPTEMBER 2025** 

|**Notes**<br>**Fixed assets**<br>Tangible assets<br>**14**<br>Investments<br>**15**<br>**Current assets**<br>Debtors<br>**16**<br>Cash at bank and in hand<br>**Liabilities**<br>Creditors: amounts falling due within one<br>year<br>**17**<br>Net current assets<br>**Total assets less current liabilities**<br>**Funds of the Charity**<br>Restricted funds<br>**19**<br>Unrestricted funds<br>**20**<br>**Total charity funds**|**2025**<br>**£**<br>**£**<br>451,854<br>346,430<br>798,284<br>48,923<br>223,735<br>272,658<br>12,336<br>260,322<br>1,058,606<br>373,668<br>684,938<br>1,058,606|**2024**<br>**£**<br>**£**<br>470,611<br>345,430<br>816,041<br>53,665<br>178,505<br>232,170<br>12,077<br>220,093<br>1,036,134<br>367,275<br>668,859<br>1,036,134|**2024**<br>**£**<br>**£**<br>470,611<br>345,430<br>816,041<br>53,665<br>178,505<br>232,170<br>12,077<br>220,093<br>1,036,134<br>367,275<br>668,859<br>1,036,134|
|---|---|---|---|
||||816,041<br>220,093|
||||1,036,134|
||||367,275<br>668,859|
||||1,036,134|



The notes on pages 9 to 23 form part of these financial statements. 

The financial statements were approved and authorised by the board of trustees on 10 March 2026 and are signed on its behalf by: 

Rodney Green **Trustee** 

- 8 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **1 Accounting policies** 

## **Charity information** 

Knighton Free Church is governed by its Constitution. 

## **1.1 Basis of preparation** 

The financial statements have been prepared in accordance with the Charity's Constitution,  the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102. 

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. 

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

## **1.2 Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Funds held by the Church are: 

Unrestricted funds – these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.  Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose. 

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the Church.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.  Expenditure which meets the criteria is subsequently charged to the fund. 

## **1.4 Income** 

All income is recognised once the Church has entitlement to the income, it is probable that the income will be received and the amount can be quantified with reasonable accuracy. 

- Donations are accounted for when they are received. 

- Income Tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. 

- Income from charitable activities is recognised when the church group event takes place. 

- Entitlement to income from trading activities usually occurs when the room hire has taken place. 

- Investment income is recognised on a received basis. 

- Grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured with reliability. If entitlement is not met, then the amounts are deferred. 

No amounts are included in the accounts for services donated by volunteers. 

- 9 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **1 Accounting policies** 

## **(Continued)** 

## **1.5 Expenditure** 

All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all costs relating to the category. 

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

Expenditure on charitable activities is divided into youth activities, adult activities and overseas work. 

Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 

## **Support costs** 

Support costs are those that assist the work of the Church but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure in line with the objectives of the Church. Support costs are allocated to expenditure on charitable activities on a basis consistent with use of the resources. 

The analysis of these costs is included in note 10. 

## **1.6 Tangible fixed assets** 

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases: 

Freehold land and buildings Not depreciated Improvements to freehold building 2% on cost Furniture and equipment 10% on cost Computer Equipment 33.3% on cost Motor vehicles 25% on cost 

No depreciation has been provided on freehold buildings because the trustees consider the residual value to be higher than the carrying amount. 

## **1.7 Fixed asset investments** 

Fixed asset investments comprise a programme related investment in the form of shares in a subsidiary company. The primary motivation for the investment is to further the objects of the Church rather than to generate a financial return. The shares are measured and included in the accounts at par value (cost) less impairment because its fair value cannot be measured reliably. The Trustees have a pre-emption, in their favour, to acquire any shares of any class from Knighton Evangelical Care Limited as they become available at their par value. 

## **1.8 Impairment of fixed assets** 

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount in order to determine the extent of the impairment loss (if any). Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the Statement of Financial Activities (SOFA) unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. 

- 10 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **1 Accounting policies** 

## **(Continued)** 

## **1.9 Cash and cash equivalents** 

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

## **1.10 Financial instruments** 

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. 

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the SOFA. 

## **1.11 Employee benefits** 

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 

## **1.12 Retirement benefits** 

Payments to the defined contribution retirement benefit scheme and payments to other personal pension schemes are charged as an expense as they fall due. 

## **2 Critical accounting estimates and judgements** 

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

The trustees do not consider there to be any key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements. 

## **3 Income from donations and legacies** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Donations<br>285,817<br>19,839<br>Legacies receivable<br>5,409<br>-<br>Gift Aid<br>55,502<br>923<br>Special Appeals<br>-<br>3,257<br>346,728<br>24,019|**Total**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>305,656<br>242,795<br>19,742<br>5,409<br>66,886<br>-<br>56,425<br>46,049<br>2,300<br>3,257<br>-<br>11,530<br>370,747<br>355,730<br>33,572|**Total**<br>**2024**<br>**£**<br>262,537<br>66,886<br>48,349<br>11,530|
|---|---|---|
|||389,302|



- 11 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **4 Income from charitable activities** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>**Advancement of the Christian Faith**<br>Weekend away<br>-<br>-<br>Church groups<br>42,787<br>8,838<br>42,787<br>8,838|**Total**<br>**Unrestricted Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>-<br>7,021<br>-<br>51,625<br>27,099<br>1,670<br>51,625<br>34,120<br>1,670|**Total**<br>**2024**<br>**£**<br>7,021<br>28,769|
|---|---|---|
|||35,790|



## **5 Income from other trading activities** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Room hire<br>800<br>-<br>Other<br>2,529<br>-<br>3,329<br>-|**Total**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>800<br>650<br>-<br>2,529<br>2,290<br>-<br>3,329<br>2,940<br>-|**Total**<br>**2024**<br>**£**<br>650<br>2,290|
|---|---|---|
|||2,940|



## **6 Income from investments** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Bank interest<br>3,334<br>24<br>Interest on Gift Aid<br>recoverable<br>435<br>-<br>Solar Panel income<br>2,825<br>-<br>6,594<br>24|**Total**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>3,358<br>1,999<br>23<br>435<br>153<br>22<br>2,825<br>2,605<br>-<br>6,618<br>4,757<br>45|**Total**<br>**2024**<br>**£**<br>2,022<br>175<br>2,605|
|---|---|---|
|||4,802|



- 12 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **7 Expenditure on charitable activities** 

|**Activities**<br>**undertaken**<br>**directly**<br>**Note 8**<br>**£**<br>Youth activities<br>74,868<br>Adult activities<br>136,187<br>Overseas work<br>9,939<br>220,994<br>Unrestricted funds<br>Restricted funds|**Grant**<br>**funding**<br>**Note 9**<br>**£**<br>20,400<br>12,732<br>59,154<br>92,286|**Support**<br>**Costs**<br>**Note 10**<br>**£**<br>42,963<br>52,441<br>1,163<br>96,567|**Total**<br>**2025**<br>**£**<br>138,231<br>201,360<br>70,256<br>409,847<br>384,100<br>25,747<br>409,847|**Total**<br>**2024**<br>**£**<br>135,136<br>193,708<br>85,296|
|---|---|---|---|---|
|||||414,140|
|||||381,167<br>32,973|
|||||414,140|



## **8 Expenditure on activities undertaken directly** 

|**Youth**<br>**activities**<br>**Adult**<br>**activities**<br>**Overseas**<br>**work**<br>**£**<br>**£**<br>**£**<br>Staff costs<br>31,597<br>118,486<br>7,899<br>Romanian Church programme<br>-<br>-<br>2,040<br>North Evington Church programme<br>-<br>5,000<br>-<br>Home for Good<br>-<br>-<br>-<br>Preachers' fees and expenses<br>-<br>1,650<br>-<br>Evangelistic events<br>1,227<br>2,187<br>-<br>Weekend away<br>-<br>-<br>-<br>Church groups<br>42,044<br>8,864<br>-<br>74,868<br>136,187<br>9,939|**Total**<br>**2025**<br>**£**<br>157,982<br>2,040<br>5,000<br>-<br>1,650<br>3,414<br>-<br>50,908<br>220,994|**Total**<br>**2024**<br>**£**<br>146,486<br>2,268<br>5,000<br>6,963<br>1,295<br>4,425<br>7,984<br>33,353|
|---|---|---|
|||207,774|



- 13 - 



|||Total||2024|£||8,627|15,000|15,906|3,500|5,500|6,600|||8,000|500||2,442|900|8,103|12,585|860||88,523||9,500|9,000|107,023|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Overseas|work|2024|£||8,627|15,000|15,906|-|-|6,600|||-|-||-|-|6,071|12,585|-||64,789||-|9,000|73,789|
|||Adult|activities|2024|£||-|-|-|-|-|-|||8,000|500||2,442|-|2,032|-|360||13,334||-|-|13,334|
|||Youth|activities|2024|£||-|-|-|3,500|5,500|-|||-|-||-|900|-|-|500||10,400||9,500|-|19,900|
|||**Total**||**2025**|**£**||10,000|15,000|3,977|3,500|5,500|7,200|||8,000|500||2,500|900|2,832|12,487|1,390||73,786||9,500|9,000|92,286|
|||**Overseas**|**work**|**2025**|**£**||10,000|15,000|3,977|-|-|7,200|||-|-||-|-|1,490|12,487|-||50,154||-|9,000|59,154|
|||**Adult**|**activities**|**2025**|**£**||-|-|-|-|-|-|||8,000|500||2,500|-|1,342|-|390||12,732||-|-|12,732|
|||**Youth**|**activities**|**2025**|**£**||-|-|-|3,500|5,500|-|||-|-||-|900|-|-|1,000||10,900||9,500|-|20,400|
|**Expenditure on grant funding**||||||**Grants to institutions for missionary support:**|El Alfarero|Interserve|UFM Worldwide|UCCF|Friends International|Arab World Ministries|**Grants to institutions and their purposes:**||Open Hands - food bank|Midlands Gospel Partnership - collaboration||Saffires - women in sex industry|TLG Early Intervention - children and families|Special Appeals|Great Change Church - Ukraine|Other (£500 or less)|||**Grants to individuals for missionary support:**|Kay and Steve Morgan-Gurr|Beni and Ioana Handaric||
|**9**|||||||||||||||||||||||||||||





## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **10 Expenditure on support costs** 

|Travel and minibus expenses<br>Light and heat<br>Water and general insurance<br>Repairs, cleaning and waste disposal<br>Subscriptions<br>Books and training<br>Telephone, internet, printing and computer<br>Professional fees<br>Miscellaneous expenses<br>Governance costs<br>Depreciation<br>Loss on disposal of assets<br>**Analysed between:**<br>Youth activities<br>Adult activities<br>Overseas work|**2025**<br>**£**<br>2,581<br>7,664<br>5,569<br>21,427<br>10,434<br>3,254<br>5,224<br>7,671<br>4,866<br>7,374<br>19,862<br>641<br>96,567<br>42,963<br>52,441<br>1,163<br>96,567|**2024**<br>**£**<br>4,603<br>5,167<br>3,923<br>19,873<br>9,856<br>3,336<br>5,967<br>9,743<br>7,223<br>7,434<br>20,051<br>2,167|
|---|---|---|
|||99,343|
|||42,470<br>54,958<br>1,915|
|||99,343|



Support costs are allocated between the various charitable activities on a basis consistent with the use of resources. 

The amount charged to the SOFA in respect of independent examiner’s fee was: - Examination £3,318 (2024: £3,345) 

- Accountancy £4,056 (2024: £4,089) 

## **11 Employees** 

The average monthly number of employees during the year was: 

|**2025**<br>**Number**<br>Ministry<br>3<br>Administration<br>1<br>Total<br>4|**2025**<br>**2024**<br>**FTE**<br>**Number**<br>3<br>3<br>1<br>3<br>4<br>6|**2024**<br>**FTE**<br>3<br>2|
|---|---|---|
|||5|



- 15 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

|**11**<br>**Employees**<br>**Employment costs**<br>Wages and salaries<br>Social security costs<br>Other pension costs|**(Continued)**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>139,965<br>135,557<br>6,943<br>1,521<br>11,074<br>9,408<br>157,982<br>146,486|**(Continued)**<br>**2025**<br>**2024**<br>**£**<br>**£**<br>139,965<br>135,557<br>6,943<br>1,521<br>11,074<br>9,408<br>157,982<br>146,486|
|---|---|---|
|||146,486|



There were no employees whose annual remuneration was more than £60,000. 

## **12 Trustees** 

Remuneration was paid to the Trustees (as permitted by the Church Constitution) as follows: 

|J Smuts, Pastor<br>Salary<br>J Smuts, Pastor<br>Pension costs<br>J Barrett, Associate Pastor<br>Salary<br>J Barrett, Associate Pastor<br>Pension costs<br>Total remuneration paid to Trustees|**2025**<br>**£**<br>46,238<br>3,779<br>50,017<br>36,682<br>3,014<br>39,696<br>89,713|**2024**<br>**£**<br>30,062<br>2,465|
|---|---|---|
|||32,527|
|||35,350<br>2,911|
|||38,261|
||||
|||70,788|



The above remuneration was paid to the Trustees in return for their ministerial services to the Church. No remuneration was paid to the Trustees for their roles as Trustees of the Church. 

- 16 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **12 Trustees** 

## **(Continued)** 

Two Trustees (2024: Two Trustee) were reimbursed expenses as follows: 

|Hospitality allowance<br>Telephone and internet<br>Conferences<br>Travel and subsistence<br>Sundry|**2025**<br>**£**<br>2,000<br>135<br>-<br>356<br>-<br>2,491|**2024**<br>**£**<br>1,750<br>138<br>15<br>392<br>11|
|---|---|---|
|||2,306|



## **13 Taxation** 

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 

## **14 Tangible fixed assets** 

|**Freehold**<br>**land and**<br>**buildings**<br>**Improvem**<br>**ents to**<br>**freehold**<br>**building**<br>**Furniture**<br>**and**<br>**equipment**<br>**Computer**<br>**Equipment**<br>**Motor**<br>**vehicles**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Cost**<br>At 1 October 2024<br>60,778<br>518,668<br>123,053<br>6,214<br>6,600<br>Additions<br>-<br>-<br>1,335<br>409<br>-<br>Disposals<br>-<br>-<br>(2,413)<br>(303)<br>-<br>At 30 September 2025<br>60,778<br>518,668<br>121,975<br>6,320<br>6,600<br>**Depreciation and impairment**<br>At 1 October 2024<br>-<br>157,549<br>76,850<br>3,701<br>6,600<br>Depreciation charged in the year<br>-<br>11,010<br>7,452<br>1,400<br>-<br>Eliminated in respect of disposals<br>-<br>-<br>(1,772)<br>(303)<br>-<br>At 30 September 2025<br>-<br>168,559<br>82,530<br>4,798<br>6,600<br>**Carrying amount**<br>At 30 September 2025<br>60,778<br>350,109<br>39,445<br>1,522<br>-<br>At 30 September 2024<br>60,778<br>361,120<br>46,201<br>2,512<br>-|**Total**<br>**£**<br>715,313<br>1,744<br>(2,716)|
|---|---|
||714,341|
||244,700<br>19,862<br>(2,075)|
||262,487|
||451,854|
||470,611|



- 17 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **15 Fixed asset investments** 

||**Unlisted**||
|---|---|---|
||**investment in**||
||**subsidiary**||
||**£**||
|**Cost**|||
|At 1 October 2024|345,430||
|Additions|1,000||
|At 30 September 2025|346,430||



Knighton Evangelical Care Limited has a 31 March year end. The aggregate capital and reserves and the results for the year ended 31 March 2025 of the subsidiary (not consolidated) for the year were as follows: 

|||**Capital and**|**Profit for the**|
|---|---|---|---|
|||**reserves**|**year after**|
||||**taxation**|
|||**£**|**£**|
||Knighton Evangelical Care Limited|1,378,187|47,465|
|**16**|**Debtors**|||
|||**2025**|**2024**|
||**Amounts falling due within one year:**|**£**|**£**|
||Other debtors|10,880|259|
||Prepayments and accrued income|38,043|53,406|
|||48,923|53,665|
|**17**|**Creditors: amounts falling due within one year**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Other taxation and social security|2,338|3,148|
||Other creditors|964|895|
||Accruals and deferred income|9,034|8,034|
|||12,336|12,077|



- 18 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **18 Retirement benefit schemes** 

The Church contributes 8% of pensionable salary for all eligible employees into a personal pension scheme of their choice, if they accept the offer. 

The Church also operates a defined contribution pension scheme for other qualifying employees. The assets of the scheme are held separately from those of the charitable organisation in an independently administered fund. 

The charge to the SOFA in respect of retirement benefit contribution was £11,074 (2024: £9,408), all of which was unrestricted. 

## **19 Restricted funds** 

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. 

|**At 1**<br>Accommodation for the Elderly<br>New Life<br>Special Appeals<br>Knightlife<br>There is Hope<br>Ukraine<br>Invited: Women's Ministry<br>Evacuation Chair<br>**Previous year:**<br>**At 1**<br>Accommodation for the Elderly<br>New Life<br>Special Appeals<br>Home for Good<br>Knightlife<br>There is Hope<br>Ukraine|**October**<br>**2024**<br>**Incoming**<br>**resources**<br>**Resources**<br>**expended**<br>**Transfers**<br>**At 30**<br>**September**<br>**2025**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>345,430<br>1,000<br>-<br>-<br>346,430<br>2,072<br>8,365<br>(8,465)<br>27<br>1,999<br>-<br>3,257<br>(2,832)<br>-<br>425<br>749<br>-<br>(749)<br>-<br>-<br>1,981<br>-<br>(416)<br>-<br>1,565<br>17,043<br>18,594<br>(12,488)<br>-<br>23,149<br>-<br>498<br>(398)<br>-<br>100<br>-<br>1,167<br>(399)<br>(768)<br>-<br>367,275<br>32,881<br>(25,747)<br>(741)<br>373,668<br>**October**<br>**2023**<br>**Incoming**<br>**resources**<br>**Resources**<br>**expended**<br>**Transfers**<br>**At 30**<br>**September**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>344,429<br>1,001<br>-<br>-<br>345,430<br>2,000<br>443<br>(371)<br>-<br>2,072<br>218<br>11,530<br>(9,716)<br>(2,032)<br>-<br>7,430<br>33<br>(6,963)<br>(500)<br>-<br>-<br>1,250<br>(501)<br>-<br>749<br>4,818<br>-<br>(2,837)<br>-<br>1,981<br>6,566<br>21,030<br>(12,585)<br>2,032<br>17,043<br>365,461<br>35,287<br>(32,973)<br>(500)<br>367,275|
|---|---|



- 19 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **19 Restricted funds** 

## **(Continued)** 

**Accommodation for the Elderly:** to provide accommodation for elderly Christians near to the Church premises. This objective has been fulfilled in “Knighton Homes”, which is run by Knighton Evangelical Care Limited. 

**New Life:** to provide a programme of activities for senior citizens and to support Missionary organisations. During the year £27 has been transferred from general unrestricted funds. 

**Special Appeals:** to support various appeals both in the U.K. and overseas. Transfers last year comprise £2,032 which was transferred to Ukraine fund being the money raised during the Christmas Appeal. 

**Home for Good:** to raise awareness of fostering and adoption and to support adoptive and foster families. This was closed last year and the remaining balance was distributed to other charities with similar aims. A transfer was made last year of £500 to Knighton Free Church as gift for the support they provided. 

**Knightlife:** to provide a programme of activities for young people ages 14 to 18. This is ordinarily run as a designated fund, however during the year, money was donated specifically for this programme. 

**There is Hope:** to develop a digital tract ministry with the theme of Hope to reach out to as many as possible in this way about the Christian faith. 

**Ukraine:** to support the work of a Church in Ukraine which is running a refugee centre. During last year, £2,032 was transferred from Special Appeals for the money raised during the Christmas Appeal. 

**Invited: Women's Ministry:** to provide a programme to support women of all ages and backgrounds in following Jesus. 

**Evacuation Chair:** money was received during the year towards the purchase and training of an evacuation chair. During the year £768 has been transferred to unrestricted funds to transfer the value of fixed assets where the restriction has lapsed. 

- 20 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **20 Unrestricted funds** 

The unrestricted funds of the charity include general funds and designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. 

|**At 1**<br>Designated Funds<br>Building<br>Knightlife<br>Romania<br>Summer Camp<br>Building Maintenance Fund<br>General funds<br>**Previous year:**<br>**At 1**<br>Designated Funds<br>Building<br>Knightlife<br>Romania<br>Summer Camp (formerly<br>Hungarton Camp)<br>General funds|**October**<br>**2024**<br>**Incoming**<br>**resources**<br>**Resources**<br>**expended**<br>**Transfers**<br>**At 30**<br>**September**<br>**2025**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>370,619<br>-<br>(12,621)<br>-<br>357,998<br>2,207<br>8,433<br>(7,853)<br>-<br>2,787<br>547<br>5,557<br>(11,040)<br>5,896<br>960<br>11,085<br>34,912<br>(35,124)<br>(858)<br>10,015<br>-<br>-<br>(9,086)<br>60,000<br>50,914<br>384,458<br>48,902<br>75,724<br>65,038<br>422,674<br>284,401<br>350,536<br>(308,376)<br>(64,297)<br>262,264<br>668,859<br>399,438<br>(384,100)<br>741<br>684,938<br>**October**<br>**2023**<br>**Incoming**<br>**resources**<br>**Resources**<br>**expended**<br>**Transfers**<br>**At 30**<br>**September**<br>**2024**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>383,788<br>-<br>(13,169)<br>-<br>370,619<br>3,387<br>4,082<br>(5,262)<br>-<br>2,207<br>6,134<br>5,681<br>(11,268)<br>-<br>547<br>17,526<br>23,093<br>(29,534)<br>-<br>11,085<br>410,835<br>32,856<br>59,233<br>-<br>384,458<br>241,144<br>364,691<br>(321,934)<br>500<br>284,401<br>651,979<br>397,547<br>(381,167)<br>500<br>668,859|
|---|---|



- 21 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **20 Unrestricted funds** 

## **(Continued)** 

**Building:** the building fund reflects the net book value of historical improvements to the freehold premises and the cash balance to spend on improvements to the building. 

**Knightlife:** to provide a programme of activities for young people aged 14 to 18. 

**Romania:** to support the work of a group of Churches in Northern Romania. Transfers during the year comprise £5,896 (2024: £nil) from general funds to support this fund. 

**Summer Camp** : to provide a programme of activities for young people aged between 9 and 18. The Camp is supported by a number of volunteers who give their time freely. This year there is a transfer of £858 to unrestricted funds for the net book value of fixed assets transferred from summer camp to general funds. 

**Building Maintenance Fund:** monies set aside at the start of this year, being the transfer from general funds, to cover the building maintenance and repairs costs over the next 3 years. 

## **21 Analysis of net assets between funds** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>**Fund balances at 30 September 2025 are represented by:**<br>Tangible assets<br>451,438<br>416<br>Investments<br>-<br>346,430<br>Current assets/(liabilities)<br>233,500<br>26,822<br>684,938<br>373,668<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**Fund balances at 30 September 2024 are represented by:**<br>Tangible assets<br>469,778<br>833<br>Investments<br>-<br>345,430<br>Current assets/(liabilities)<br>199,081<br>21,012<br>668,859<br>367,275|**Total**<br>**2025**<br>**£**<br>451,854<br>346,430<br>260,322|
|---|---|
||1,058,606|
||**Total**<br>**2024**<br>**£**<br>470,611<br>345,430<br>220,093|
||1,036,134|



## **22 Controlling party** 

The Church is controlled by the Church Council. 

- 22 - 



## **KNIGHTON FREE CHURCH** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** 

## **23 Related party transactions** 

## **Transactions with related parties** 

During the year the Charity entered into the following transactions with related parties: 

|**Donations received**|**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Aggregate donations received from related parties without conditions attached|15,520|13,190|



## **Other transactions** 

There have been no other related party transactions in the reporting period that require disclosure in the accounts apart from those detailed in note 12 to the accounts. 

## **24 Events after the reporting date** 

It has been agreed between the Manse Trust and Knighton Free Church Trustees that the proceeds of the manse will be transferred to Knighton Free Church upon completion of the sale of the property and that the Manse Trust will be dissolved once this has been completed. 

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