REcisfEREDCOMPANY NUMBEIL. 011193m (E*nd aDd Wale51
REGlSfERED CHARITY NUMBEIL. 265612
KINCSWAY CLC TRIIST
Fif4ANCIAL ￿ATEME￿5
FOR THE YEAR ENDED31 MARCH 2025
Beffin8u5 LLP
LygoD H￿C
BA)mky
Kent
BRI 3RA

KINGSWA Y CLC TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
for the y¢Ar eDded 31 M#rth 2025
PA
Refevenct #nd admlnis¢r•dv¢ dttAIIJ
Report of the trustsej
Rtport of the Indeptndent audltorj
stst¢meDt of flTrAnelal a¢tlvllkJ
B•lattee shee¢
Cash flow ststement
10
Nfj¢es ¢0 ¢h¢ ￿$h fkiw $tatem¢o1
Notes to the flnAndAI statements
12 ￿ 22
D¢t•lled itatement of finan¢lAI *¢lfvl¢ks
23 ￿ 24

KINGSWAY TRU
REFERENCE ANDADMINISTRATIVE DETAIIS
forihe yur ended Jl M•rth 2025
TRUSTEFS
P V Dakot) lffsiy%d 21125)
Mrs E
WE0￿
MtsLM<kn
J M Wathir
H Y Le55fAL
SLB*
N W*thOpE14p￿thI 192251
COMPANY SECRETARY
J M WTAkins
RECISTERED OFFICE
Unli S Avenue
Sar¥Jycrofl Induwial FA
SaTrJycrotl
De¢side
CH3 2QP
REGISTERED COMPANY
NUMBER
01093879 (En8lv41 Wtties)
RECISTERED CHARITY NUMBER 265612
AUDITORS
BerTirw LLP
LY&￿ Hou%
50 IA)thi A￿1
Bromky
Kcnl
BRI JRA

KINGSWAY CLC TRusr
REPORT OFTHE TRusfEES
for year ethd¢d 31 M•r¢h 2025
'lTh¢ tnwees who are diTraiJrs ofthe charity for the of th¢ ComrAnies Act 2(MK, tYe5Ctrt th￿r TEp(￿ iiith th¥.
linun¢ial sthtements ot. the charity for thL yiw en(kd 31 Marth 2025. The tr￿￿teeS hve adopted thc pro￿.151(7￿5 (Trf
All￿ul111Th8 and Rerthing by chariti￿: s￿￿ent of Re￿nme￿Ied Prxtice applicable to charbties preparing thLir
in ULLX)rdoncL ¥i"iih ihe Fin￿¢181 R4￿)￿ng s￿ndard apylithle in the UK and Ryblic of Ire1W￿ IfRS 1021 ILI)iLllIL' I
Junuar%' 2011)).
O&JECTJVES Af4D ACTIVITIES
Objtttives and aims
"Ihe I"rusl's ubjed &$ d¢fir*d b). its MtThordndum ar¥J Art¢cks of Asw¥1￿ is .￿ *lvancc th Chrigtan Faith M 5wh
Idli'ful m￿[L$ 4LS fOUnd&i(￿ de￿mir￿". Thc gdiviEies orried funlvance of this obiea arL' %iholLwIL.
puhlishin¥ and &71ing in Chrimian li*rnure. disErilyJting Chriai* films and musi& Chrimian tth)kshiw% and
running Christian c￿(Ly￿1¢C
Publlc benefit
"Ihe Lhtiritj's ¢rusiLYs hai'e ¢(4nplied with the dthy in Sethi¢m 17 of the (kniiia Aa 2011 ￿ have due re8ard io PubliL
Ik.nefii gui(JarK¢ published by the Charity Commissi(WL Tr ¢h&rity deliva3 Fwbli¢ t￿er11 by virtu¢ of the JLtIWlllL
dL%¢riiKxJ above. 'll)e 'lrusiees Tt¢¢iTre fr(￿ the dwsiy T4¥J in kWy atE not ¢x¢lud¢xl Ir(Hn
IX￿¥1111￿g frum the thariib's servic
STRATECIC REPORT
Athievement and perform*Dce
Charitable activities
,Ii KÉn8si%w' CLC Tnw lit s¢¢k ￿ s¢n¢ Gtyj b). distrltwi1￿ Chriam) l#erauw¢ and other ￿$our￿ We ￿ this iiith ik,
objcctivl ofeMMyufd8inB C￿s￿er& aNI thir to come ￿ a savit¥ faith and 8Towin8 m*uriii' in i￿. l.urd
J¢sus Chri￿.
WL ar¢ delighittl ￿ be abk to maintwn grow key rdatity*hips with a Trnridy of publishtrs lth from thc UK IIS.
11 ol'whom h)kl 10 k• Biblical INIIL and sh&rc in ourikniediveof sharing G(¥Ys w(¥d ￿)$$ ntitioll 8ThJ ￿￿'(￿d.
We are also grnieful that we ue able many Chri*ian ate ￿711 5gtking to faithfully seTrL" (1￿ in
Iheir lo¢a] ¢ommunitie& athl we knk fornyrd ￿ buildin8 w th&* IMrA￿tant relwionthips in th f￿.
WL givL thHnk5 lor our dL'veloping cL￿MerCe t￿11￿ where we Iwve sew Cornin￿ growih over the last 12
L cubt(wniYs dirrdli. otT¢ring 8rEai dealsaTrl new rele￿5 kn0ur8rowl￿ oThlir¢
In addition our *am has gxjght ￿ iving (kwys di1￿Y to thrwh of lAy￿11% ihji %iL hai.
managed. ai ke). ew¢nts a¢toss the I.￿r.
We ￿t so ple￿d ￿ continue ￿ be abk to run i￿0 key conferences duri￿ ye&- missiL￿ Wor5hryL down in
nd ihe children'5 fflinigry ewf¢r¢n¢& In FlaThl based in the MidlaTh
WL kni'e the Dtv)nunity w prini Chris1* matcrnl d¢maTMI ivith our in rrnin8 f¥ility. aTrJ li* arL. kLYn 10
CL ihis de%'Llop furtkn in the coming i"ear.
We have a eommiiithl *am. fy. our wlM)m we giv¢ thanks ¢0 G(4 ftr their ¢ommi¢mthi. drli¥lr￿￿.
r¥%OUrtL'fulnL55a￿j en{h￿Sla￿.. &$ Ikj" ￿p￿)rt these V#Fi¢d andex¢itWÉ &livitiesof Tn
WL ¢xho prJy4Y frrm Psalm W- ts the favour of tl* LLYd ow may re• i)n H¢ wll ¢sthbli¥h IhL ikwk.
(>f our hand

KINGSWAY CLC TRUST
REPORTOFTHE TRusfEES
forth¢ Y¢w¢￿ed 31 Marth 21n5
STRATEGIC REPORT
Financial revitw
Flnantlal PDsltlon
'th¢ is plL'4Mi to pTL￿1 this sa of tFAt shows 8 c(miinuing improv¢merf in (rtjr ciJmm¢reial rxrliimiunLK'.
Whilsi sJlis thlined in Ihe 202415 fhEwKiai YLW. our Lzsh p)siuon improvoj signifKwdy. which h&s enablcd thL .1 ru%1 10
L￿tabliSh a solid financial from ￿lch toopAc.
The Trust in more re¢eni mortths ha5 50ks mar8ins at leLq mairnainuL Thi5 been gjrwffted b¥ ihL'
ablishment ofSknKmg ￿1#10￿1&￿ iiith fow wblikn in the wÈng of2024.
We ￿n¢in￿¢ io keep a ii¥hi LThtroI on znd have Ixen able kn aFfjLYb the irt[￿l￿g pusures pllrtiiul￿lj
viih wrd 10 itKrea*¥J i%a8e COA&
'ITh¢ OTBanisaiI￿ cOnti]m￿ ￿ ￿xh￿t its invew level& 8￿￿1￿8 cash ￿ py tr¢¢k the rffeived linyn LLC
In*rn&ional IUKI.
'lThe is also c(wnmiiied io in¢Tt45ing its financial for CLC woddwid< as well as fiThling exciting nei%, pmj¥xis
in ¢hi UK. iitluding th¢ rK0visi￿ ar¥J disthbju(￿ of very low Bbt les to support evat)8elwi¢ iniLi&ive& y*ll￿all).
arnon￿ )'wng rryl
Vhilsi li'e sre all etKouraged bj. the firw¢iJ wfonnance in the l& year. ￿ remwn faiihlul and
Imighij God. frorn Jll bhssings lkni". W¢ give Him all the praiK thank&1
Rts¢rv¢s pol¢y
IThL' directo￿ haie wmitKxi ￿ ¢loriiic5 rwuircmthts reseryes li tr li￿1 of the man ri5Ls to the Organi￿￿￿ i
¥'Kp8nsion of adivilies as o￿lin￿ e8rtier in Ihis re[￿￿L A kvd of thrEe-ffl￿th exrKnditure [￿t direal¥ rLI(IlL￿ I
iumov¥r is ¢onsi4LYL'd dL%iraNc. Ihe direL11)r5 are ¢onfidth)t th& at this level ivould Ix abk to ¢(mtiThue ilK' iUTrnX)i
I￿1ville5 ofthe Lknity in ihe ¢v¢nt ora signilithii fundir& The bus*¢s have assess&l the major risks ￿ i4hiLh th¢
Ltharity is exp05e& aThJ sausfied sy5￿1$￿e in mttiga*eYw>yJr¢w Eh¢maiorri*&
STRUCTURE, GOVERNANCE AND MANAGEMENr
Coverning document
"The Chari￿. i5 cornrolled M. IL$ 8o*rrnin8 iknrn¢nL a detsj 0)naiurtes a limi*d comp￿, limitul h gurn￿￿..
5 defined ￿. ComrAnie5 Aci 2(Mkn.
Org*nLs4tlotsal Strnd￿rt
'rhe charii) is a cornpfjn>' limi*d bw guarantee. The are akn the directrffs for the pwwis¢ ofcomrk)n!. laii. and
ii'ho st￿1 Jur¢ttg the )'¢ar afyj up to the d&e of%8mure financial ar¢ liaed on PAg¢ I wjder h￿1￿¥
'rNs*e&
Thc dirLXtsKS ofthe company are aLw the Lawit). knJ5tet5 •1NJ comr￿se the marwcnt ￿mMIttee. Exh Y￿ ￿ LhL k¥nLrnI
m¥£xin8 thiTd of ilK' trus[￿ since their laa election w aFwntm¢nL r¢tLrt from officq but are tFKn LligihlL li>r
rLxleclion.
of th¢ inwees anv benefKial In￿ in the Lxxnpwy. All ol th¢ trys*es are of the o)mpan!" an(J
uuranieL' 10 ¢¢￿￿bUlL £1 the ¢YeM of a ￿In￿ftg up. Rcl#*d of Kinw?y CLC trlty i￿lUde CLC Int¢r￿ul0￿1
UK. a charit>. i%'ith sharLYJ tr￿sEets.
lThe tnLsie¢s r¢p)rt i%a5 vwroved by Of"rn￿¢£

KINGSWAY CLC TRU
REPORTOFTHE TRuKfELS
rorthe ye8reTrd¢d31 Marth 2025
STATEMENT OFTRUSTEES. RESPONSIBILITIES
Iwsiees Iii'lM> are dircciors ol" Ktng51VdJ CLC Tn& ftr the of cunpany lawl arL rc¥thsiblL lor
pr¥paring IhL" Ker￿ of ik. Iru5tce5 and liN￿al &a*ments in ￿ with arviiL7ble and unilL￿ Kingdom
.ILLouniing Standard51UTrilL￿ Kingdom Gettrdll). Ar¢¢0￿ ALYwniing PwiRI
C"(MnrAn)' laii Ir￿1¢¢$ to (inaTK￿l for exh fi[￿￿1￿1 ytar whkch give & t￿￿ orwj lair i"i¥lli' l)I'
IhL' s¢ai¢ ol" all￿r5 c)1" th¥ t(Knpni' athl of the i￿￿1Th$ aThJ 4vli￿on of r¢s(￿r￿> irKI￿lIng Ih.
inLomL and ￿￿¥)￿11￿¢. of the charith In prrpllring those rLrwK1￿ thc
rLNuI￿J ¢0
select 5uilablL aCC￿￿tIng Fdioes and kn appty c￿￿1￿C￿lY.
obsenie the mLih(wJs and ￿ncIpleS in th¢ Clwil)" SORP:
. make judgements aNI estima*s th& aTr r¢asTr)abk aThl wudrt
stale wh¢ther awli¢abk. a¢iwniing Aonthrds ha¥¢ b￿n fojlowvl. to any Materi￿ Wures dis¢loxxl iind
pl￿nLY￿ in the financial StstemL￿Is.
prLyare the linoKial s￿￿MenLS on th going basis unkss it i% irworrriate to preyJn* the ihdTiliiblL
)mpany will Contin￿¥ in hI￿1n¢
tnLStees gre [￿￿nsible keeping reC(￿￿S which disclose wth re&oEthle an). li¢hL ￿.
linanLial rx)siiion of the charitable comwv and th enable thern kn LYLwe fitwKial &atancllt5 eompl¥ li iih ilK'
Companies Aa 2(K)6. fv. ar¢ ￿￿) ye5F￿nSIb￿ fN safewding the olthe charithble comrAny and hetkL li>r (aking
r¥*sonable aeps for pmenll￿ and dr1￿1(￿ of fra￿1 md th irreguJaTiiie&
In so far as th¢ wusKYs*Y a¥rJr¢:
thLYL' IS rm) rele￿￿1 au&ii infonn*ion ofwhi¢h the ¢lwithle unawwe: aThl
thL ITUSteL'5 hove iaken all sw thai Ih¢)' wghl ￿ Fove thk¢n to mae theM￿ve5 aware ofwry rdE¥anl a￿￿11 infornutio
and lo establish lh& itK' 11￿li10[S8re&WV¢ of that infornatkotL
AUDITORS
"IThL audito￿ knngers LLP. %trill f￿r￿a￿lin￿l¢ll1 forthwnu¥ AnnuRI Meain8.
KLTX)rt ofthe Irust<<& InL￿1￿ a apwovoj by of the bc•rd ofw5tee& &% Ehe comrAm. dtfL￿￿)r
17Tr.&r£bJaA.&&£. ar￿ sigral on the behalf by:
W E 0￿£￿- TnLq
P4e4

REPORTOF THE INDEPENDENT AUDITOILS TO THE MEMBERS OF
KINGSWAY Ci£ TRUST
OplnloTh
We have a￿lIted the linthria] 5th1cmLmts of Kinway CIL TTUSt {¢he '¢kntsble com[￿nY.) fw !'LYif Liwkryj
31 March 2025 which thl rinarKial xtiviiits the Bala￿¢ She￿ th¢ C&8h flow aatLyncni WMI NJILS 1
Ihe finanLial sthtem¢nL* Inc1￿ing 8 summarv of s1gnifTrL￿t ￿11¢1¢5. The financial rerA)rtin8 framLi4'1?rk" thal
Ik*n applied in Iheir W¢p3rnEI￿ is awthlicable law WKi Uni*d Kingkn A¢¢wntin8 SE•TrJgrds (United Kin8¢kn (iinirull
ALLLpied Aclouniing Pra¢iK¥l.
8iv¢ a In￿ and lair viem ofihe sthie of the charithbk ¢(ffipany's aff8irs &s ￿ 31 March 21125 a￿l ofils In￿ming
4w*IiLalion ol"resourcek incl￿1￿$ its 1fm￿rne and ex]xThliiure. forthe y¢arthen enth4.
huvL prorArl)' prni>gr¥J in *Lordwtt ivith Uthi*d Kingthrfn <knernJly Acwunlin8 PrxtiCL:
. h&vL prrrAred in M'ith the wirvth¥KsoftheCompnits ALX 2(K6.
Blsls for oplb)Iob)
We cOnd￿led our atylit in occordan¢e with Inwn¥ional Stsndthth AuditinÉ (UK) IISAS IUKII And applic4Ni Iwi. ()ur
wonsib1liii￿ under thoy 9onda¥ds ar¢ furt￿r ¢JesryiFKd in the rtsFrf)nsibiliiies the audii of i￿. linoiiLiuI
ents sLYiion of wr rnwi. We are inknndrni of the chtirithbie a)mrAny in ￿)rd￿￿ with dhicthl wuirlwinis
Ihai are r¢letrani 10 our awjii of finwKial in the UK. Includi￿ the FRCS Ethi￿1 and iii hai'l
lullillixl our (￿y thhi¥Jl T¥wsibiliii¢s in #cold￿ with these rt4yirnnent& We believe th&t the audjt evldenLe ha%L
bthined is gJffiLieiit und akwia* ￿ provide A t*sis forowopiniThL
Conelu$b)th$ relatln8 to gothi eoneern
In oudiiinB the fIn￿CIal Statemen￿ ive hwe c(ffKluded thgt tl* U*¢s' ofth 8oin8 ¢¢m¢m blsis off*eouniinbi in IhL
prepvation orth¢ fIr￿r￿1&1 #a￿mI￿￿ is appwi
114¥¢d on Ihi iwrk M¢ h￿￿. p¢rfonnwl hv¢ M id¢nuf1￿ any M•WI￿ U￿￿rt￿n￿¢S r¢lain8 to events or condiliiffi% Ihth.
Individu￿ly or collcaivcl). muy 518nifiLani doubt on the ¢h8rit*lAe CoMp￿Y'S abilily to LXNIlirt￿ as a 8oin8 ¢LNKLYn liy
F¢riod of ￿ le￿ iii'elve monihs frnm tinaKI￿ wements we authoriwj for isg
I￿r rnwnsibilities wibiliii¢s of tn*s rtspect ￿ 80ir8 art In IhL rt.ILithni
seL'lions ofihis rLyxi.
Other Informidty
'Ihe ore ￿5￿)nsible for ¢he infonnation. Tr other Mirom)￿￿on comprises in1m￿lott inclu&xl in t￿.
AnnuDI reporL oiher than th¢ fi￿181 sthments4￿1 Rwiof the ithl¢F¢ndent a￿JItorS th¢rtM.
Our opinion on iTrK' finthrKial stywyn¢nLS does ¢ovtr the ¢kn infomi•ion ￿ excw w the exmi othen1'i￿ iipliliil!
4ialLd in our rL'Wrt. IIL. dn rKM ¢¥PTe&S an) fomi of aswratKe cryKI￿510ft th¢ffon.
In ￿nne￿10Th with our 2udii ofihe fin8n(i•l our re5p)nsibility is io Md the ¢kn infom1*1￿ St￿. in diiin¥ y>.
Lonsider whah¢r (thy infonn4tion is ma¢cridly i￿￿￿51st¢D1 with the fina￿1￿] Swemcnts OT our k￿wI¢d8¢ oFAUinLYd in
lh¢ #udii or oth¢ni"ik' br fflaieridl). misAMeAI. If we idemify suth fflaterial irKLKLSi5tencie5 or 4ppureN muiLrilll
mtss¢atement& ￿t ore Te4LuTed to detemiine whether this gives rise to a Mthri￿ misst&emenl in the financial SUlimLmls
themseli'e& Ir, b￿d on the ive hove we conclude there 1$ 8 mis**meni (Trf Ihi% (￿hLr
info￿allO[L we are required w r¢Frtin tha¢ r￿L We have Mhin8to rem in this re8¥
Oplnlons ￿ ￿h¢r prtserlbed by th¢ CwpAnles Act 2(￿6
In uur opinion. F&*ed on thL I10￿ Under￿￿.¢￿ in the cour5c of the awlil:
thL infornation given in Rew)rt of the iruaees for the finwKiol for whKh the financial S￿ements is
consi￿¢￿t ￿ iih ik finarKial swemen￿.
. the Re￿ ofihe ha5 been prewThI in *'tth applicth W requiremaM&

REPORTOFTHE INDEPEND￿ AUDITORS TO THE MEMBERS OF
KINGSWAY TRUSf
MAtters on whkh we reqlllred to report by extep
In ihe light of th¢ ktMJi¥led8e and wthrsundin8 ofthe d￿l￿b]e cirfn￿Y ond its environment in ol. IhL
uudil. we have no¢ ideniilied m*¢ri￿ mi&uem¢nts in of the truxe¢&
WL have n(rfhiD8 io rewrt in respea Of'￿￿. tollowing mat*rn Com[￿1¢5 Ad r¢qyire5 US ￿ rewl ts) il".
in uuropinion:
ade4uaie &couniing rYcoTth have Ikxyb k4A ty rdurDs for w a￿11 knv¢ not rtttived IrLXn
noi ViSllLd b). or
IhL linunciul in ggrttmeni ii.ith the?￿rAMting rtcori& and rewn4 L
Lerwin disclosurLS ot"[TUs￿e￿ T¢ThurKThi¢)n by knv ar¢ m*k:
'e not rffei&ed all the infiTh&ion •xl ¥xplanthLW we requirt (orow4wJiL
Responslbllltles of tryst¢es
As Lxplained moff lulli in the Swmeni OfinjA￿ re5wibilitie& th tnLqtt5 IH4K> ar¢ alw dirnAoTS ofihe LharithblL
i)mpan>' lor lh¢ FrtJrrKbs¢s of ¢(Xllkwn>' arL' r¢wrtsible for thc rryArthion of the financial sta*men¢S fi)r bcin¥
411isliLxl ihai IlK'> 8il'¢ a Ir￿ and fair Vil￿.. and swh ini¢Jnd Cl￿1 ￿ the trustees deterniine is t*C¢SSQry to e¢wblL I￿,
pr¥y4raiion ol'linorKiol th￿ ¥rL. fT¥X. from mawyial misswemcnL whethtrth* ￿ fi¥￿j or¢rmr.
In prL'purinll IhL' linunLiul s￿Lemcnl& Ihe [ru￿e*S Iwe ￿e5￿￿1b1¢ fly a$S￿1n1 the charithble compows ability to ¢uniiiiu¥ &%
u yoin% wnLXTh, di%105in￿ opplicabJ¢. Malle￿ relatrd to 80in8 c4)nc¢m and usin8 the going concern bgsis ol. acLouniin
Un￿￿ ￿ trus*¢s ¢ither intend 10 liquid* th ¢hJritsbl¢ eew hwe M reo]isiiL al￿'m￿li14 bui
Ic) do 50.
Our rewnslbllltlej for the Audft of the Nn•A¢tsI s¢*t¢mtnts
Our ubJL￿1IvL￿ arc 10 obthin re$L$￿thIe akni finwnciai Sthmerrts #5 a whok are Iree frum muiKriuI
MIWaL￿Lnl. ii.hLxl*r io fraud or (Yror. oThJ w IS￿ a Reiwffl of the irkkwdeni audilor5 inclth ¢xJr w)iniim.
Ill'￿51)nuh1¥ ￿$S￿ra￿Le is a high level of a&%uran¥x.. bui 15 ￿ a awjii cMduc¢cd In K¢Ord￿¢¢ iiiih I%A
IIIKI iiill alii'&%s d￿LL[ a rnderial mis¥wiThmi ithen li Missta¢cmcnts tan uise fr(Mn frnud or iYr()r urL'
LOnSidLYL￿ ma¢iTial if. individuall) ur in tk. a8yeyc. tlw could re4$(Th￿Y be exF¢Cted ￿ inllua)ce thL' Ixiiniimi
d¥*isions ofusers thk¢n trA5i5 ofthese lin￿al #thmen
'ITrKi 10 i¥hi¢h our pr￿Ju[*s￿¢ L4Fxbl¢ ofthdin8 intyularlii* irteluditts fra￿j isthtall¢d ￿lOW.
In Iikniifying and assesyni risk5 01. in of iTf¢wL14riii¢¥ Sn¢ludin8 hud and ¥Yror. li￿.
cvnsldLred the lullowin&'.
IhLTr nulurLi ofihe indus￿. wnirol ¢nV1nYffiK￿ iw51￿# wf(rfmaKv.
rL%ulL$ ofour ¥YrtIIIiTiI8 io mano8emthi alKWI t￿yrOWn assessmeni of the risks orrraud and •TW,
thi mthiern discussed amfftg ih. 4uKIii wam rc8¥tdin8 how and ithere fra￿ may in IIK. linwKiyl
iai¢mLni$ and ￿>. Wcnlial indicai(M5 offraud.
()ur pKK¢dure$10 10 risk inLltyJc Ihe folk>i%in8".
'i¢ii"inB lh¢ fi￿nlIal S￿¢mcn1 disclo￿L￿ar¥I ￿¥tIn810 wFixxlirg dwunenww:
li)m)ing ￿M￿Y11￿1 ideniify. *y unusuol thpt my iThlicMe risks of M￿¥y1&1
mi5Mow'M¥￿l duL' ￿ fraud orernor.
IdY¢ssin& ihe risk. of fra￿j aThJ ¢rror through mana8emenl overrid¢ of o)nwol& wiin8 the aF>FWiaWKSS IJI. j{Nu￿1￿.
I1.h¢¢￿* I￿. jud8¢ments mwjc in makin8 ￿￿nUn& esiim8*5 are Indic￿l¥e ora t￿.￿Ual bi￿. L*,&lu￿1n¥ IhL
busirk55 raiionaJL oran) significani tr￿￿￿.11￿5 ihDt ale urtUA￿ orrnlside the M)mial ￿1r$¢ ofbusines
A lurthLY re4k￿%￿bIlIt￿s for awlii of the fin*Kial 5tatemerts is ILUted on the filw￿l￿1 RLTKNiin
Q"oun¢ll'$ websi* * WW+Y.frC.(ryukla￿I1f￿5￿￿blI1li¢￿ This of our of thE 1ndL￿nd¢n1
Auditors.

REPORT OF THE INDEPENDEf4T AUDrroRSTOTHE MEMBEILS OF
KINGSWAY TRU
Il* of our repfyrt
'Ihis rL'POrt is m4wJL' solel%' w the thoTithbl¢ m￿Y'S m¢mbu& ￿ a Immfy. in &%0rd￿ tvith Chwr 3 of Pan lfi i)r ihL'
C'ompanies IKK). Our ludii work Iws IKen uAkn•k¢n 50 that we might thte ￿ the dwi¢thl¢ ¢ompany's memk'rs lho￿.
mlltteTS i%c arL' rLNUirtxl ￿ swe to in ￿ awlitort rerth aThJ for no ￿tr￿)Se. To the full￿[ ex*ni pem)illL*d h>,
luiv. we do noi U&￿TA ￿ ￿me res[￿)billiY ￿ anyonE ithr thln the Chwithble c(¥npany ara the charitsblL LxTrmtMn! s
ML￿￿15 as u L¥¥Jy. for our a￿111 for this rnPXL the Opini(￿ ￿ have fomio
Paul Allun iJkn.k l.CA IS¢niw Atyjitttl
li)rand on tK'hall'ol'lknin8ers LLP
1.)'8on l.lou￿.
50 Lonth)n R
ljrumle)
Klni
IIR13RA

KINGSWAY CLCTRUST
STATEMENT OF FINANCIAL ACTIVITI&S
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
for the yurended 31 2025
20U
Unruttlrt¢d
l oiJl
INCOME AND ENDOWMENTS FROM
Ik)n4hiions atvj IL'gSlLIL
??lJ.713
C.'harlt•ble Aetlvllks
ofBIbl￿ wvj christi￿ LiwwwL'
6.9(Kl.IXII
InvL*ment in¢ome
Oiher income
1110016
15.¢M)U
7.?411.41.?7
EXPENDITURE ON
Ruiyn8 lunds
7fi.7711
Charltsble A¢tl¥lths
all￿ ofBiblL% and ChriAith Li1￿￿￿*
717W6
7.1{￿7(17
TotAI
794J39
7 ?45.4¥3
NET INCOME
17,702
3.4.$4
RECONCILIATION OF FUNDS
.1 lunds broughi li)nianl
￿￿193
?.3¥(}.7.19
'roTAL FUNDS CARRIED FORWARD
2.3W.IIJ3

KINCSWAY CLC TRU
BALANCE SHEET
31 M*reh 2112S
Unre5trkttd
fvnd
lun
FIXED ASSETS
l un8iblL 1155LiS
12
l.N761
l.KJ8.Y(19
CURRENT ASSETS
l(Kk%
I￿.￿or5
C'4Lsh u¢ und in
13
14
1rt2Q676
.334.•()8
644.XS9
?44.?%1
306920
? 4?3.4(11
CREDITORS
Amounts lallin8 dsJL ii'iihin ￿ y
15
11,169J84)
NET CURRENT ASSETS
I,IW90
?97.(Iy3
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,963351
3.15(Kh(i_
CREDITORS
mounis lallinx duL' #lky nw)Y¢ lh￿ Me Yew
16
1555J56)
17th.4(Tr91
I 'ET ASSETS
2107395
FUIYDS
18
14117J93
? 3411. IV3
TOTAL FUNDS
2.34AI. IV3
'lThi finwKiJl ar4Yow¢d b). th IILwd of TnJ*ees *d Auth￿ Is9X 1.7.w..
Jn¢J w¥rL' bignttl lis ￿hairby..
W E Tru¥￿￿.
The part orth* finaKial swements

KINCSWAY Ci£ TRusr
CASH FIAPW ￿ATEMENT
f•rth¢ yureDded31 ma￿kn 202S
C•$h IIow5 from optrating #ctivits
Lash genera￿1 from
9i.i97
Nd cash prOk1dL￿ bN' 4IKYaiiDB *iviiies
263894
Cash llows from InvtStiD#4dfvith5
l)urLhusc ol-wngJihl¥ liiL(J
IniLrcsi rLXLiiYxI
(1,999)
413
1?21LI 7111
wsh Én invLyin8 aLXlVitiL
(15861
1228.0781
CA5b Ilows from fiMntiftRattivilits
N<ii' loun5 In )'LW
I.1￿ r¢￿>m￿￿LS in !'
iU5.ll.lJ
1199339)
Nd cash {U￿¥1 Invwii'i4k￿ b). linarKing ￿1VIties
{199339)
?yj.11.?4
Change in c85h and equi￿1tDts iD th¢
reporting perlod
Cash and e•sh ¢qwivalffits •t the bEEinlMll8
of the ￿pOrtI￿V perlod
111.84)¥
C•sh t*sh equfv*lthts #t the end of ikt
reJ>orting period
244.jjl
The rwxe5 fo￿ of finaKial
P4¢ 10

KINCSWAY CLCTRUST
NOTES TO THE CASH FLOW STATEMENT
for the yeAr ended 31 March 202S
RECONCILIATION OF NET INCI)ME TO YET CASH FLOW FROM OPERATING ACTJVITILS
2O2S
Net Ineome for the repoTllng perfod ptr the St#tement of flnau¢lal
8Ctlvitlesl
AdJu$tmtttts for,.
DcprLxiation charb¥L%
Inieresl r¢YiiiL
tkcrLYsL in %i(Kk%
Lk'LN'&%i in ¢JLhiiirs
Increa5eiidL*r¢￿￿l in lfL￿11ors
17,702
3.454
64307
1413)
113ffj22
36J74
32,002
55.133
I?11.S.IN)81
Net elih provld¢d by op¢rntlons
263A94
95.397
AP4ALYSIS OF CHANCES IN NET DEBT
Ai 1.4.24
Cuth llow
At 31.3.2q
Net cash
C'ash al twnk und in hund
24251
62*69
3iJ6.920
244351
306.920
Debt
D¢b¢s lulling dul i¥iihln l jeor
tk.bL% lalling uller l year
1134J98
{76W9
(I l J741
{1662721
{920A671
199J39
{72lh281
Total
(67A6161
261.
1414.7U81
llbf no*s fo￿ part ofthese financial *atcments
Page 11

Kif4GSWAY CLC TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ¢nd¢d JI Mgrch 2025
ACCOUNTING POLICIES
Ba51s of prtPArfng th¢ finantlal ststsm¢nts
'IhL' lirwniial SWl¢m¥nis iTrf ihL ¢huriiabl¥ iumpany. whlch is a publii benefit entlty undtt FRS 102. ￿.￿n
in UCLoT¢J￿LL. itriih IhL' ChthritlL* SORP IfRS 1021 'ALLLiunlinB and Reporlhn8 by Chari¢ics: 4iillLyn¥ni iTrl'
Ril()mmi￿￿ld l)rdLIiLL applicable io ¢h8riii¢s prep￿1￿¥ their &Lci)unL$ in accordance wilh ihe FinAn¢ial Il¥PI)11111
SwniJ4rd Jppli¢ablk in ¢h¢ VK 4nd Republic of Ir¢land IfRS 1021 (effective l Januw 20191,, Financiul Ilil)i)iiin
Sthndard 1112 "IhL l.inonLioI R¢porting S￿nd9￿1 opplicable in the UK And Republic of Irelartd And ik ( iiinpuniL
Ail ?(Mlfi.'I'hi linJnLial Sthl¥mimis hav¥ iKK'n pi¢par¢d U[￿er Ihe hi51ori4AI cost tonvention.
lkni ¢h4Lfii)' LOtISlllUl¥s a public benefii eniiiy d¢fir￿d by FRS 102.
Colng concern
lkne IruSlLYS hllve rth'iewed the po￿ )'¢ar end finondal InforM￿lon available ￿ ihe tSme of8pproving thL￿. linuiiLiul
stol¢rnL￿ts, and hBve concluded that lh¢ fin4n¢i4151•tcmertisshoubJ wepttred on a goingconcem hsi
Ineom¢
All irKomc is r¢¥(18nised once Ihe chnriiy has enliil¢meni 10 rh¢ i1￿0￿¢, li is PTob4bl¢ th¢ iTKumk iiill bL'
r¥y¥'i%,¥￿ and lh¥ omouni ol. incomL ￿*￿'1V&bIl can be M￿￿1¢d reliably. Turnover from the sgles Of liihl¥% und
C'.hris1ian lii¢rniurL' is br￿shI inw account as receivablL lor the period and ex¢ludes VAT.
l)onuiiun¥. I¢¥￿1￿% ond &>ills thre reLognised iyhen recLived or whLm th¢ chfyriiy bx'omL% Icgally Lniiil¥d li? IhLn)
hu%'ing k.ln iiwiliid in ii'riiing ill. boih ih¥ amouni ond 5¢111emLni doll. Donaiions are allocaied .￿rK￿lI•L￿11% ai Illl
rLyuL'41 nl. IhL. d(Ini)r. or 10 ih¢ gLn¢rdl lund lor voluni¢ers. In Ih¥' Iv¢nt ihM a donation is subje¢¢ 10 i￿ndIti11n% Il)ui
rLyuirL' u ILVLI ol. perlom4ni¢ bLlorL' lh¥ Lhoriiy is ¥nliilLd io IhL fund& the income is defenrd and no( N*L)binis¢11
uiiiil ¥iih¢r ul-th(￿ iondiiiuns lull), m￿. or Ihc fuifilmeni of Ihose ¢ondiiions is wholly wiihin thL CL)niNil ill. IhL
¢harili und li is pruEAblL Ihlll those ¥ondiiions will be lullllled in th¢ ￿pO￿l￿g pericd.
Ini¥r¥'bl fund% h¢ld on deposii is inLludLxl when rffeivthble and thi. amoun( con be ￿￿ured rL'liahli h). Ihl
Lharii!.: Ihi% 14 n(irniJlli' upon n￿llIE￿Ill)n ofihe interthi paid or ￿y￿ble by the bonk.
Exptndlture
LluhillliL￿ urL' rnKx1xni￿.d as expendiiure RS ￿0Th as there is u legal oreon￿￿￿tIYe obllwlon commlttln8 IhL'
huril!. Iij ihlhl L¥tKndiiure. li is probable tha¢ seiilemeni will be r¢quirwJ and ihe amount ofthe obliwion
' mlasurl￿ N.li4bly. All ex￿ndIt￿re is ac¢oynioJ lor on an ai¢wg1s t&Si5. ex¢lusiv¢ of any VAT.
LxFKndiiur¢ i%hiih is dirttily aiiribuwbl¢ lo spc¢ifi¢ aclivilie5 bttn i[￿luded in ihese ¢051 ¢ate8ories. ('(lil% lijii
beLn 4lloLaied 10 s￿￿elf1¢ departments on a b&81& as a result no further y11¢)￿lory ofcosis 15 re4uirL'J. 'I'tK'r¥'
gr¢ no losi$ 10 b¢ th110￿1¢d io the cosl of g¢n¢rJiiog volunthry income.
Disiriiwiion¥ its vnluniter5 &nd ¢¢nweb' Tlrognixxl on commiimeni to payment and Are Included in LliJrilublL
LX￿rtdl1￿rL'. Sts)Il'c05ts hJv¢ included in chwi¢thle i%pendi(ure.
Allotatlon and Apportlonm¢nt of ¢osts
In 14.tth SQRP I.-RS 101 govemon¢i' hpvL b￿.rt includcd withln support Co$￿ tiovLn)iiniL IxTr%i%
comprisi. all c051s involving ¢he public uCWun￿bIlity of the Lknrity and IL8 compliance wih reguluiion ijnd b(MKI
pr￿11¢¢. 'I'hi￿ costs inLludL' COSI8 relwing ￿ ￿plU1(AY audlt and legal ¢08ether with the &prAirtiiiniiiLni iTrr
viYh¥ad and sup)XFrt ¢osts.
T8Trglble fixed 498*ts
IkprcciaiiM is pwl'ldL￿ JL thc lolloii'in8 rale5 in order ￿ WTile off each &5sei over its estimated uselul lili.
l.'re¢hold
Improv¢m¥nib Iv pror*rt>'
rM>l proYi¢kd
5%onio
Poge 12
¢¢)n¢in￿%l...

KINCSWAY CLC TRUST
NOTES TO THE FINANCIAL STATEMENTS- CODtinued
for the ye#rend¢d 31 Mor¢h 2025
ACCOUNTINC POLICIES- contlTrued
T•nglble Ilxtd Assets
Plani atyj maihinLn'
I-'iNluth and liiiin>)s
Compui4f ¥4ulpniL￿L
IIWo- 33.3% on cost
I￿Tr- 21Y/o On COS(
- 33.3% un cost
Filid &sKis donaLLiJ from Cl.C Iniemaiianal IUKI Ivere initlatly in¢lud¢d wryihtn fixed additions ai Ihe rKI hi)i)k
I'aluL PLr Ihl audiied linanLial siaiemLnls ol- Cl.C Inicrnaiionol (UK) and ih¢n dept¢¢iated over ihL'ii' u*lul
L￿)n()Mi¢ IivL% Ii'iih reference lo the rclevani depre¢iwion policy (Ls de￿lled aFxTrvel
l.'rL'Lhold pr(iP¥'rti is inLlude(J in IIK. linthLial sw¢m¢nts & fair valu¢ &s at the balance 5heei dale. No deprLXlalllll) I
providl'd in rL5PLLI of ihL IrLYhold propertiL%. This poli¢y of rrf)n-depTecialion, i& in the opinion ol. IhL InLSILL
nccL55ar4' lor IhL linancbal .%tat¢ments to give a and fair viem, in accoTdan¢e iviih applicable accouniing siJiNlaril¥
s ihe ]*(wmie% are in¢lLthd in ihe financial swements * approprithe value. The pmperties %*ill mainulin J I(￿&
u￿ruI ttxMomiL lite thnd high r¢5idual value through the polic). ofregular mainlenance and wair l¢har8¥S li)I' iihiLh
are r¢cognised in the Statemeni ofFinsncial Aciiviiiesl s￿h ihd ihe ar¢ kept io the pmiously 05*'S5K.d IL'ILIS.
Stocks
st￿ks dTL' vaJuLd th IhL I￿4*r of cost and tw reall￿bte Val￿ after makin8 duc allowar￿¢ for oknkiL Jiid %li)%i
moving iiLm&
TaxAtIDn
I'he chariiy is LxLmpi fn)m ¢orforntion l&x on itscharithble activi¢iw.
Fund #ttounting
Unre51ricid lunds comprisc ol'a genero1 lund uhich ¢xn be used in accordance with the eharitable objLLliVL'.% ai Ilk.
dIsLyL￿10n ol'(hL and a rei•luaiion fund ii,hich is realised and iranSf¢r￿d io ¢he gerw41 fund upon thL' ￿lL l)I'
thl ￿￿,￿lULd propLrti or propcrties (o ii,hiLh Ihe fund relate
R￿￿trilli￿ fund8 ￿. lunds i¥hich are lo be used in accordance iyith $F￿lfiL re5tricti¢Jn5 imFrf>sed by thc doni)I' Iru
di*.d. Ai Ihi hglan¢¢ sheth d￿¢ there i¥ttL' no remriaed ful￿ held by the charity.
Foreign ¢urrtnel¢s
Ass¥•lS and liabili11s￿ in foreign Lurrencies are irdnsla*d into sierfing at the ra￿S of &xchange ruling ￿ ihl
sh¥x'i daw,. 1'ran￿lI10￿s in foreign CUfTencie5 are irnnslaied inlo slLrling a( Ihc rate ofexchan8e Tulin8 ￿ IhL ddiL l)I'
ansaiiion. l=.x¥honge ditYererKes are ￿k￿n inio account in affiving at the operating result.
Optratlng L¢gs
R¢ntals appliLablL' ¢0 i)rthitn8 leases where substhni1￿IY all ofihe benefits and risks of owneT5hip remuin ii'iih ih
It5￿)rarL Lhurgth u5 incurred.
Pehsmjth t•sts #nd other post-tttlr¢m¢nt b¢n*r
F".mploy¥*S of ih¢ churity ma). ￿. lniii1¢￿ to join a d¢lined contmbuiion s¢hem¢. Th¢ ¢osts of the defined i1)niri￿li1)N
hwnl Jr¢ ini1￿j¢￿ within support and govtrn8nce costs and charged ￿ ihe unrestricted futjjs ofthe chariis.
The plan is mana8¢d by The Pcopld5 Per￿lOn Tn￿¢¢ Limi*d and Illv¢￿ts the contributions made by th¥ ¢rnpli))'lK'
and cmplo¥er in an investhi¢ni fund io build up over temi of the pian. The rKn5Lon tutNJ 15 COn￿l￿nL￿ ini() a
pension UTXM ¢hc wnplovcc'5 nomial r¢iir¢m¢ni age ivhich is defined as M,hen they are tligible for 5talc tKii%iiin. "I"￿.
¢harii)" liabilit> b¢lUr￿ making ILS eoniribulions and payin8 across the deduciions for IhL' ¥TnpliTrNIx'4
Loniribuiions.
Reallstd gslns ond h)SSe5
Page 13

KINGSWA Y CLC TRUST
NOTES TO THE FINANCIAL STATEMENTS- mntlny¢d
forthe ye8r ended 31 March 2025
ACCOUNTIIYG POLICIES- ¢ontlnu¢
All ￿aInS and JrL' tsk¢n io lh¢ Sia¢iYnL•m of financial Aciii'ilies as Ihe). aris& Realised gaiNs JnJ i>ii
pro￿￿1}. ar¥ ¥alculaied 415 lh¢ dilT¢rL'ncc betw￿￿ sales proceeds and IF￿¢r opening carrying ViiluL' iir iliL'ir
purchoSL' valuL il'aL4ULred 5ub5L'4uLmi io ihL lirst day ol'lhc financial year.
Charitable activities
C051s ol. Lharitablu activtli¥5 inLlude c051$ in Conneciion with the wle of Bibles Chris(ian li*ratur¥'. &)Ol¥imanL¢
05Ls and thn aP￿rtIOnMlnt ol-wpport costs as shown in noiL 7.
Trnd¢ and other ¢￿dItors
I'rddL and oiher L￿xIlI￿rS are r¢¥ognis¢d in thL ttccounLS arc fatr value on Ihc dalL of the 1rd￿ctIOn. ImpuinnLnLS IirL
ised in thl S¢a¢emeni of l.'inancial Aciiviiies in ihe Teportin8 p¢ri¢)d.
Critical aeeovrtting*stimates judgements
In iipp1iLaii4)n ol. thi ¥hari(N"'s a¥coun¢ing poli¢i¢s, Ihe trLLs*es are rquired Lo make judgemcnts. LwiniaiL.% und
assum￿10n5 a￿)￿1 IhL carrying amouni ol'&sse15 and liabilitie5 th￿ arc not readily appa￿Trt from other 50urL¥
tsiimatL￿ ar￿ ass￿l￿1ed asyjmrrtions are btL%ed on hisiorical eXper1er￿ and other fa¢￿T$ thai are con5id¥fL'¢J iii IK.
rLIe￿an1. Actual rLsults ma)" ditfer from these L51imaic
lThe L%iimates ond underlying &ssumptions are reviewed on an ongoing basi& Revisions io accounting ¢%iimiilLs ￿.
recogni￿￿ in ihe pEriiNJ in %ihiLth the estIm￿C is revised where the revision atyects only that peri(yJ. or in IIK. tKriiKI
ol-IhL rLi'ision and luiure PLTh￿S iihere ihe rev￿￿0￿ anccts both CUrr￿l and future peri(
DONATIONS AND LEGACIES
2025
DOn￿lon5
Gill aid
13399
2JOI
?)4.l)7()
1.734
INVESTMENT INCOME
2025
?11?4
R¢nis rt¥¥'ivv
S¢rvi¥¢ ¢haTg¢s receiv￿j
Intere4 ￿tIVabl￿
67h03
CJ7.NlJ
413
I{￿￿116
Page 14
)nlIn￿MI...

KINCSWAY C￿TRUST
IYOTFS TO THE FINANCIAL STATEMENTS-¢wdDu¢d
for the yearendtd 31 March 21)25
INCOME FROM CHARITABLE A￿1vITIEs
21n5
ALI11'III
Sales ofBibb avi￿lan Liieraiire
Sales ofBibles aThl Chrisiian Liierniyre
SaJ¢s ofBibles and chri￿lan Liiernture
Sal¢s ol"Ilibles a￿1 Christhqn LilcrnturE
Salcs ol"Bibl¢s 8fvJ Liw•ure
WIM)lesal¥ sak
Iwip
S￿166
6&911
lJ33.142
-5.416.4)4(Tr
411.IMYa
1.41¥.4
Ro)'aliies I￿orne
POD iTKXXllL
41.760
14.IWI)
6*78325
6.9tI¥ 4AII
RAISINC FUNDS
R#igltsg do#*¢h)w •nd kg¥l¢s
202S
?11?4
AdvLmi5in
7(?.776
CHARITABLE A￿[VITIEs COSTS
(see
e7}
Saks ot'BibltsaThJ ChriAban Litffluwc
S847,906
J99XI
6.717JJ6
SUPPORT COSIS
brcakdoilm ol"w i￿lu￿￿1 in theaiy)vLwe as fdlows:
other5￿pport Costs
Yearelldtd 31J25 YLwL7¥kd Jl..1.24
S•lts of Bibks amd
Christian
LlterJtNre
Sales ol'llihk.%
awi*ian l_ilLraiurL
R¢nL Ta￿ & wiliues
l ilephonL'
RLpgif5
InsurdK
Cledning
.1 ruvel & MixorL￿p>
Fwent Lthls
Adi'crtising & worn￿1
Printing &. sia11t￿*r5.
dorAtions
Credii th iharges
TrainÉn8 Costs
Bwj arKI di)utrAlul
Corn￿er licerKin8& Main*na￿t
F.qULpmLnL mainlena￿e
W¢lfare e.irKnk
63335
15WS
7226
19391
IL651
30.013
2.918
(rf).?1)9
3.51MI
i().41)6
14).Ulj
3.4iQ
1.774
44J73
$5.•43
4.%77
Page 15
IXmliTKJ¥XI...

KINCSWAY CLC TRU
r40TES TO THE FINANCIAL StATEMENIS- t￿lIA￿t￿
for th¢ ye*rtnded JI mA￿h 1025
SUPPORT COSTS- ¢ofytl•w¢d
Inlernaliwl u111￿ fi¥4d LwdribuiiTh)
I1￿￿ Charg￿
14.61)3
i().J.?C)
37255
4.4411
5.177
i>n CLC. l(wn
POD C'o4$
rA'pYL%iuiiun ol'iaii8ibli fLwI
4j.1.13
549SII
581.57(
Gov¢rnaNee eosts
YeAr Ended
31J.25
SAi¢s of Blbl
*Dd Chrb¢lw
Uttr*thre
Yelr Ended
31J.24
SAIt5 of Blblts
•Thd ChristlAn
Ulernl¥r¢
Sulwil
Audiiors. rL'munerdiion
LL8al drtd m)fL%siorAI fees
Conl¢rn'rnx% & mttYin85
249h68
17.41Kl
13A21
6378
321x429
NET INCOMEIEXPENDITURE)
N¢1 irKomLqlN￿l1uff l is S￿￿*1 all¢r¢W1￿c￿dI1l￿.
2025
211?4
Audiior5' rl.mun¢r￿1[
Depr¢¢iJiiw-
lJ341
64307
55.1.13
Page 16
¢I)MIIIuL￿...

KINGSWAY CLC TRUST
NOTES TO THE FINANCIAL STATEMENTS- eonthlwd
for th¢ y￿r ended 31 Manh 2024
TRUSTEES. REMUNERATION AND BENEFITS
'I'h¢TL ii'¢fL' n(? 1rubtcL￿, rLYnunLNtion or oihLY benet115 IOT the year ended 31 March 2025 nor tor )Luf L'iidLyJ
Trnstets, txptnses
InLlu(kd ibiiliii) I'ruslLLb. IxinfLrthce und ¢ommLllee ex￿nseS 2Te experb*S claimed by truglee5 lor IN￿lI1•n& iii
Irustiys m¥Y'iin&b5 01-£9?71?(1?4.. £4671.
10.
STAFF COSTS
2025
21194
l.'mplo)mLni LO¥ts
WB8es and wluTiL5
1041J47
86J20
21048
Other pensi(￿ Lu%ls'
1,148915
'rhe aYern8Lb m(￿lhI). nu￿￿'r ol'LmploycLs during the yuw w&%&$ follows..
2025
41
71174
'ull limi part Ilmo
No implo>LL* rkx¥ivLd emi)lumLnL8 In ofE(A).O(X).
COMPARAI'IVES FOR THE STATEMENT OF FINANCIAL A￿1VITIEs
UnrL'%iriLILxl
INCOME AND ENDOWMENTS FROM
DonJiicin4 ai)d l¥4glll¥lL%
Charliablt Ati1v￿￿tI
5alL's ol'Bibli% ynd Chrisilun l.IILyytUl
6.¥(￿.￿)(11
IrbvesimLni inLomc
Other in¢omL
JB.3?3
Total
7.?4¥.9:,
EXPENDITURE ON
Raising
70.77(Tr
Charithble grtfvltle5
Soles ol'LliblL% uiid Chri51ian LiiLiraiiire
Tol81
7.?45.483
Page 17

KINCSWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtl•u¢d
rorthe yeAreTrdtd 31 Marth 21125
COMPARATIVES FOR THE STATEMENTOF FINANCIAL AcnvmES- ronlillwed
lJnrnNriL1L
lunJ
Ir4COME
RECONCILIA TION OF FUNDS
"lixal lunds bruu¥hi
?.IIKI.7.1
TOTAL FUNDS CARRIED FORWARD
? 39(l.11)3
12.
TANGIBLE FIXEDASSETS
Improvemenls
to
F￿01d
PlJni und
muLliiii¥n
cogr
Al l Awl 2024
Addiiions
1307.176
37&99l
1192J3
Ai 31 Morch 2025
1807,176
37&991
1193J3
DEPRECIATION
Al l April ?1124
Charge for i'L*r
66J87
20J28
L4J72
l.E499
Ai 31 MarL'h 20?5
8A913
40.971
NET BOOKVALUE
Al 31 Mar¢h ?U?5
IJ07,176
292J176
78362
Ai JI Mm￿h ?1)24
.407.176
312.6C
3.¥(11
PJKe 18
nliiiuL￿...

KINGSWA Y CLC TRUST
NOTFS TO THE FINANCIAL STATEMENTS- tontinued
for th¢ yeartllded 31 March 2025
li
TANCIBLE FIXED ASSETS- wntknued
IXIUT
Compul¢r
equipment
rittings
-1 i)Ml
COST
Ai l April 20?4
Addilions
114J95
63280
2,IWJ)74
Al 31 MurLh ?1125
114J95
65379
2.(KS.V74
DEPRECIATION
Al l April 2024
86J57
17,829
4S990
10251
22&106
307
ChargL lor vlwr
Ai 31 Murih 2025
104,186
56241
288J13
NET BOOK VALUE
Ai 31 MJwh ?O?j
9.038
1.796.761
Ai 31 March ?￿4
28.038
17290
1.¥511.WTrY
'IthL IrLKI)old P￿pL￿Y valuLd in 2U18 by the tsustees of CLC IniLmational (UK} using market dala 10 Lnwr¥' ikni
lh¢ in¥ valui fair valu¢ in a(￿rdance wilh FRS 102. Follo￿1￿8 th¢ don*ioD of (he propLni iu IhL'
¢haril% l)i) I August 2019 ihL In151ee5 01. boih chariiiLS revieii'ed ihe ¢aryinB amouni and ¢oncluded thLri nc)
mJi¢rial ¢han¥¥ in Iwr Val￿ sin¢L IhL' last valuAiion. The tnLs*es ¢oniinue ￿ b¢lieve thai th¢r¢ h&s been n)atL'ridl
adju%imini in th¥ carry'ing i'aluL that d8
13.
STOCKS
2025
s￿)cks
IA20h76
1.534.?y%
During lh¥ perityj ihe iru51ees rL.%¥lL￿ ii'hole58le slow.moving nei realisable value. Included in thL aLLiiuni
is a Impul￿lnI proN'ision iolalling f262.IX)012024: £205,8￿1.
DEBTORS: AMOUNTS FALLING DUEWITHINONE YEAR
2025
21}?4
'I'rnde deixots
OIlK'r dl.￿0[$ arKi PTepa%'miY
VAI.
517J13
58J12
533.7(11
43.7().1
Accrucd iniom¢
JOJ47
1)44.¥5?
Page 19
Lwniinuid...

KINGSWAY CLC TRUST
NOTLS TO THE FINANCIAL STATEMENTS- eontlttued
for the yeAr endeil 31 Marrh 2025
i.
CREDITORS: AMOUNTS FALLING DUEWITHIJY ONE YEAR
2025
Bank. Iiwn.s and 01.¥￿r91￿ Ix%' n¢M¥ 17}
Oihir noiL 171
'I'rddL ¥rL'dii(
IOA77
ISS,795
61S293
19.729
368290
l).364
11).474
Sundr> LfL'diloTS und &LLruBI%
1.169J84
16.
CREDITORS: AMOUNTS FALLING DuEA￿ER MORE THAN ONE YEAR
2025
bank knns15ce noi¢ 171
OthLY (**' niiiL 171
SJ56
550.000
Ih.46y
JSSJ56
17.
LOANS
An urhlll!'si% ol'ihL InaiuTiI)' ol'liwns is 81￿￿n iK.Iow.'
2025
?11?4
Amiwn18 lullingd￿. 14'iihin )'4oron dLmdnd'.
Elunk li)un%
Oth¥r lixuis
IOA77
ISS795
V.3fv1
166372
114.3YiI
AmLWts15 lullifi¥ bL'liveen one iivo YLWS:
Bank loun.s- 1-? S'L￿￿$
OihLr liTrllns- 1-2 l'ur5
SJ56
ssoo00
55SJ56
7%l).714
Am(w¢)Is lulling hLti4ten iiio aNJ fivL yea
Bank If￿n￿- 2-5 )'iWS
(1.75$
P48e 20

KINGSWAY CLC TRUST
NOTES TO THE FINAf4CIAL STATEMENTS- eontknw¢d
for the year ended 31 M#nh 2025
MOVEMENT IN FUNDS
Nei
movement
in funds
Ai 1.4.24
Unrestrlrted fuAd5
GenLral fund
2￿,193
17.702
TOTAL FUNDS
2JXI.i93
17.702
Nel mOVLYncnt in lur¥Js, irKludLMI in ihe alxTrve are as follows:
It)coming
expended
in lunds
Unr¢strirt¢d fyRd$
G¢n¢rJl fund
6011041
IA794J39)
17.702
TOTAL FUNDS
6J12NI
{&794J39)
17.702
Comporodves for movemtht iti hnds
Nei
movement
in funds
Ai 1.4.23
Unrestrltted fund$
G¢n¢rJl lund
2.386.739
3.454
? Jy(l.11)3
TOTAL FUNDS
2.386.739
3,454
1.39(l.Illj
Comparniive nei mOtrLmL￿L in lund& in¢ludid in Ihe a￿ve are as fdiows:
Inwming
expended
in lunJ5
U*r¢$triet¢d fujbds
G¢n¢rnl fuThl
7.248.937
(7.245.483)
TOTAL FUNDS
7.248.937
17245.483
Page21

KINGSWAY TRUST
NOTES TO THE FINANCIAL sfATEMENTS- tonthi#ed
ror th¢ ye•r¢nded 31 Mareh 21125
19.
RELATED PARTY DISCLOSURES
Cl.C InlLThotionDI IUKI is a rLla*d rAni' to thL5*e& By an Aw Transfer Aryem on 1I}11).
("LL Irans[LrrL￿ &ssets i(Mallin8 £3.179J49 CLC TntsL 8 Chariiy ComrAny limitsxl b) biiiJrwiiix'.
During thi% pftxK'ss Cl.C Wdllslenrd its M'hoksak and ecomme￿ divisiorns os wdl &% 1¢$ warelw i)IliLt* in
J4'Lr()11. iiarL.hO￿￿ Irth deb￿￿ and croJilOTh 32 CLC employtts ￿Ye transferyed io Kio8siia% u4￿¥y I￿.
I'IIPI.. orrnngLThLml. wilh rLThainin$¢mplwcfS tsansf¢fftyJ during theyeara)d¢d 31 March 2021.
?1)?4 llkrL" Man1￿￿e[￿L￿¢ io CLC Of£18.1￿ 12024: £15.(rfJ)l aThJ no good5 1Th' lil ili¥lll
?1124- tnili. A% ￿ 31 MurL'h •LI?5. £71)5.Tr5 owed ￿ CLC InKThati(ffjaJ IUKI. IL.1￿1￿ io a shffi iwni Ii)Jii ill.
£155.79S JUL iiiihin i)n¢ rnonih uf lh< lear UKL #MI a *rm loAn of £550.IXQ. IntrbfA ts acuuing a¢ lh¥ Ilonk.
ol-l.'nsl4nd rn￿.. %*iih £37.920 ihar8¢d for th¥ yew.
CLC lnKyn￿l0noI is u rdweil r￿. due mul￿1 trus¢4 A Swrt C(XLtril)uiM)n of £32.8(K) i7I?4'.
£34.6931 pfjid io Cl.C Inwrwionol durin8 ylv.
'I"IK' ￿lI￿111l5 01. RL'.vivd.IxNn lakl I¥¥￿ IK.Id in • in thc name of Re-vived.com ResourLi5 1.ld bul
rL ￿li1.111c5 of Ik. Kinwia! CLC T￿￿ Re-VI￿d£0rn Rcxmwtes L&1 w¥ thNrnant IlmilL￿ b!
puurnniLX..'Thi of Kin&%iiJ)' C"LC TruA #re thegum¢LY
Includ¥d in and SalariL￿ is r¢mun¢rnliM paMI ￿ ke). r￿￿￿e1 of ihe chBril!' Jwiri& ilK'
rin￿¢181 rrtrityj il'tih tLMuI ¥Thploym¢ni irt1￿j1￿$ employcr ￿nsIOn coniritxKiLY￿ £2¥11.651 1?11?4..
£249.06¥1.