REGISTERED COMPANY NUMBER: 00355443 {Englamd and Wxles) REGISTERED CHAIUTY NUMBER: 275946 OSCR NUMBER: SC046541 Report olthe Trystees and Finanel*l Statements for the Year Ended 31st Au2us¢ 2025 for The Kingdom Hall Trust
The Kingdom Hall Trust Content5 of the Annual Report for tbe Year EDd¢d 31st August 2025 Page Report Of the Tru5te¢s Report of the Independent Auditors St8tsment of FinaDtlal A¢tivities Balance Sheet 10 Casb FioiT StatemeDt Notes to the Financi*l Statements 12 to 18
The Kingdorn Hall Trust Rtp)rt of the Trustee5 for the Y¢8r Ended 31st Augmst 2025 The trustees, who arc also dLrtClOTS of Thc Kitjgdom 14all Trust (the'l'rust) for the purplxqts of the Companies Act 2006, present their report with the financial statements of the Trust for the year ended 31 August 2025. The truslets hav¢ adopted the provisions of A¢¢ounting and Reportin8 by Charities.. Statement of R¢¢ommend¢d Praclice applicable to charili¢s preparing their accounts In accoTd3n¢e with th¢ Financia] Reportin& Standard appli¢able in th¢ UK and Republic of Ireland IFRS 102) (effective 1st Jalluary 2019). OBJECTIVES AND ACTIVITIES Objeclives Aims The aims and objectives of the T$1 are to advan¢¢ the Christian religion as praclised by ihe body of Christians knowi as Jehovah's Witnesse& as detailed in its M¢morandum and Articles of Association. the gov¢ming document of the Trust. The Ttw'$ long temi and short temi obie¢tiv¢s are correlated. that is io continue to factlitaie worship and relieve administrative bUrdS on individll3ls wherever possible. Th¢ Trust also aims lo ¢ontinu¢ to provide safe, high 4uaEity bLtildin&s for lh¢ use of ¢ongregations of Jehovah's Witnesses. all of which are open 10 ¢he public. The Trust continue5 to hold a programrne related 50¢ial investment as shown in note eight to thc financial at¢ment$, The investment furthers the charitable aims of the Trust, by assisting Jehovth's Wiine%se* around the world itt fii)ding places to meet and carry out their worship. There are no con¢ems regarding ihe social, environmental or ethica] nature of the investment, as it dir¢¢tly assists with ¢hariiable aclivily. The tm#ees ar¢ pleag¢d with its perfonnance. Significant Attivlties The Tnsl provides places of worship (Kingdom Halls) by Purchasing completed properties and freehold lalld. and maintaining these buildings to a high standard. In addition, where a Kingdom Hall cannot be made available. the Tn ass15ts in renting facilities that will allow for the same artiviti¢s. The Trust also funds expenses connected with the usc of a Kingdom Hall and other matters relaling to facilitating publi¢ worship, which relieves any financial and administrarive burden from the congregations that worship there. The Tru measures its suceess by the extent it can rdieve financial and adrninisirativ¢ burd¢ns from individuals who assist oongrrgatiotL4 and facilitatt public WOTbhip. Appropriat¢ m¢asures for how well these have been reliev include the numbeT of payments made during ihe year and the number of meelillgs for public worship facilitated during the year. Public benefit The Trusi ts a publi¢ l)enefit ¢niity. The Trust¢¢s confirm that they have cornplied with th¢ir dllty to have due re8ard in ihe ¢x¢r¢ise of Ih¢ir powers and dutie• lo the guidance on public benefit publi5h¢d by the Charity Commission. The work done by the Trust ensure$ that member$ of the public h2ve aeccss to these buildings fr¢¢ of charge. Individua15 can worship together, promoting godly value& su¢h 0$ w¢ll-b¢ing and respect for others, and the prartice or qualities such a¥ honesty and kindnes5. Vo]ullteers The volunle¢r spirit of many is crllcial to the operations of th¢ TnJ#. For exampl@ ITh accordance with delegaled authority, individuals arrange for basic repairs to the Kingdom Halls, and ihe purchasing of routine items buch as ¢l¢aning materials. Some 81s0 p¢rform maini¢nance checks on the properties of the Trust, ensuring Ihal they are well ainlained. Th¢ ITuslees grratly appTr£ial¢ Ih¢s¢ ttreless efforts.
The Kingdom Hall Trust Report of the Trustees for th¢ Year Ended 31s¢ AugM$t 2025 STRATEGIC REPORT AchievemeNts 4nd perforrnance Princip81 Aeb5evements for the YeAr During th¢ Y ovty 66,(K>O (2024.. 58,000) paymcn15 were made. This is a good measure of how th¢ Trust ¢ontinuc5 lo r¢li¢v¢ belleficiaries of adTninistrative prOc£S during the year. This has assi$led beneficiaTies to focus on their persDnal iritUal a¢tiYit1, such as wor5hippin8 together encouraging attd helping each other. Caring for flnancial and It8al matter5 connected to prop¢rti& and entiti¢s. would hav¢ b¢¢n an ¢Alra buiden. All of this represents work and activity relirved from individuals throughout the country. The payJnent$ made mostly facilitated use and maintenance of KinEdorn Ha115 for public religious meetings. The Twst owns 709 {2024.. 720) buil(Jings used as places of worship. These properties are open to the gener81 public free of charge. They provide a base in the local community for a¢livilie$ of Jehovah's Witne&ses. During the year 142.000 (2024.. 143,(K)O) meetings for public worship were held itt these buildings. Guidanc¢ was provided to individllals to perform esserttial weekly maintenance checks to cnsurc that facilities are matntained to a good standard. During the past yegr £12.7 million (2024: £17.2 million) was donat to Wal¢h Tower Bibl¢ and Tract Society of Britain for usc in (heir tharilable activities. which are similar lo those of the Trust. The trust 8el¢¢ted this recipient due to their record In supporting the activitlC8 of Jchovah's Witness&s around the World, as shown by their publtshed rinancial sratements. This fulfils the aim of donors. who wish to support, not only activity in Britain. but 8lobal activity. This includes facililIng Artivitics such as worship, disaster relief, and translation work Fundraising Aetivitie5 We do not engage itt fundraising a¢tivities. lll¢¢rnal Colltro15 CtsnlTols are in place ov¢r the financial systems of the Trust. These controls ¢nsure that th¢ monthly financial reports a¢¢urat¢ly represent all tranfartions.. provide reasonable wuranc¢ thai finan¢es are being usetl for their intended purp05E and verify that propeT conlrols and procedures are In place and adhered to, so that the figures are recorded a¢curalely and ac¢ounts are in balance. Financial revle Financial positiott Total rcserves. including properly assets, at 31 August 2025, stood at £213.927,40712024.. £2L4, 153.9411. During the year, the total expenditure of th¢ TnJ.*t was £30.5 million {2024.. £32.5 million), which Includtxl paying exp¢n%s ¢onnecid to Kingdom Halls vsed by congregation5, and donation5 to another legal ¢ntity with similar aims and objeciives, as described abov¢. Princlp#l hnding sollrtes The Trust i.s funded by voluntary donations and legacics. This income supported the Trust in achieving its key objective5 during the year. This Includ providing places of worship for Jehovah's Witnesses and assistjn8 congregations of Jehovah's Witne5SeS. Reserves polity The Trust's policy is io hold approximately six months of opcration31 expendjture as res&5. along with an appropriate amollni to fulld ihe purchase of new Kingdom Hallq wh¢n needeAJ. 'fhe closing reserve5 are in line with ihis poli¢y. All funds are unreblricted. Going ¢ollteru There are no material uneertainii¢s about the Twsvs ability to continue as a going concern.
The Kingdom Hall Trust
Report of the Trustees
for ¢h¢ Yr Elldod 31st August 2025
STRATEGIC REPORT
Princip&l ri$ks unf ¢rtainti
The key risk for the Trust is the lack of building fabric maintenanc£, which could l¢ad io impairment of the assets
owtLLYJ by the Trust.
To mitigate thi5 risk regular repair and maintenance progtMt$ arc carried out to a high standard. The congregations
sing the prtmises art provided with Ir3inin& support and do¢umentation to keep thc buildin8 in g<K)d repair. Well
qualifjed individuals perifyJi¢ally moniior and review the quality of the buildings.
A preventstive rnaintenance prOarn[ne is established at all facilities. Local users arc trained to implement maintenance
usin¥ a comprehensive system 0rmaintenace cards and task reminders that cover all a4Kcts of fa¢ilily operation and
maintenance. Trained maintenance personnel SUp)rt local USCTS to impl¢m¢nt the maintertance pro8ramm¢.
Ftllre plaB%
The Trust plans to continue to fa¢ilitate the financial activity a5 preVioUY described, allowing congregants to focus
more on their personal religious s¥rvice rather ¢h2n on administrative matters. It will also continue to look for
opportunities to purchase new Kinsydom Halls of Jehovah's Witnesses and continue to a&si%t in lacilitaling v¢nu¢$ wh¢
Kingdom Halls are not currently availabl
In line with these objeciive& charitie6 in S¢oiland were offered the oppcrtunity for the Trust to care for their finan¢ial
and administrative proc¢&¢ts. This allows b¢n¢ficiaries to focus more on thcLT pffsonal religious service. Following th
year-end. thrsr rhari¢ies wnfiTmed their Intention to accept this arrangeTnent and indicaied plan5 to transfer ast$
valued at approximately £5.7 million.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GoverDiDg Dwllm¢Dt
On 28th July 1939, the London Cumpany of Kingdom Witncsses was formed as an unlirnited company incorporated in
England and Wal
The Klngdom Hall Trust Rtport of the Trustees for the Year Ended 3 1st Augmst 2025 SI'RUCTURE, GOVERNANCE AND MANAGEMEIYT OrgaDisatlODal strutture Thc charity i.s ¢mistituted a$ a company limited by guatee. Limited financial authority is deleBated to r&gponbibl¢ individuals io ¢nr¢r in¢0 financial transaction5 on behalf of the Tiusl. The nature of these tTallsactjOTiS Inu5t be in line with ditedion pro¥Jded. All transactions are reviewed befo payment Ihrou8h the systems of the Trust. Every member of thc Company undertakes to ¢ontribute sllch amount a5 rnay be required {noi exceeding £10) 10 the Company's &qsets if it qhould be wound up while he or she is a member or within one year aftEr h¢ or she ¢w¢s io b¢ a member, for payment of the CoTnpany's debis and liabilities contracted before he or she ceases to br a membet, and of thr wsts chaTg¢s and expenses of winding Ups and for the adjubtment of Ihe ri8hts of the contributors among themselves. Wlder Dehvork The Trust cooperat¢s with other ¢harities with similar aims and objectives. This coopwation someiimes iak¢s the form of shar¢d fa¢iliii¢s or pro¢¢sses. The Trusi also ¢onsiders policie5, procedures and guid¢lincs by EDtili¢s of Jehovah'& Witne¥t5 globally with sirnilar and objeclrves. and, where applicable. t(> iTnplemcnt them. RF.FERENCE ATr4D ADMANISTRATIVE DETAILS Reglstcred cOPaY llumber 00355443 {En¥land and Walcs) Registered Charlty nwnb¢r 275946 Registered offlce l Kingdom Way We¥1 Hanningfield cheITnrOrd CM2 8FW Trustee5 S Abboll {re$led 28.2.25} JCOA S R Morris (ra$igned 28.2.25) P Wade R Cook A Clinton R Sharnia S Achonu {appointed 28.2.25} S Whittaker (appointed 28.2.25) Auditors Xeinadin Audit Ltd Chartered Accounianls and Staiuiory AudÉtor 12 Conqueror Court Sittingbourn¢ Kent MEIO 5BH Binkers Bar¢lays Corporate North London Team 1-2 Trinity Way Chingford Londo E4 8TD
The Kingdom Hall Trust RepoTI of the Trustees for the Year Ended 31st Angust 2025 EvLr4TS SINCE THE EF4D OF THE YEAR IT)forall0 relating to events Fince th¢ cnd of th¢ yw 1$ 8iv¢n in the notes to the finanual statements. STATEMENT OF TRUSTEFS, REsPo'sIBILITlEs The trusteeb (who are also the directors of The Kingdom Hall Tru$1 for the purposts ofcornpany law) are Tesponsible for preparing ihe Report of the Trustees and the financial statemt5 in accordance with applicable law and United Kingdom AcLounting Stsndards (United Kingdom Gcncrally Arwtcd A¢¢ounling Pr8Ctice) including Financial Rworting Standard 102 'The Financial Reporting Siandard applicable in the UK and Republic of Ireland" Company law r¢quir¢s the trustees to prepare fancIal statements for each finallcia ycar. Under that law, the trnstees have elected to prepare the financial 51alernenls in accordance wi¢h United Kingdom Gener311y A¢¢epied Accovnting Practice (United Kingdom Accounting Standards and applicable law). Under company law the tru5ttts must not approve the finan¢ial statements unles5 they are s7tisfied thai they giv¢ a true and fair view of the state of affairs of the chotitable ¢ompany 8Thd of the incoming resources and applicalion of resources. includill8 the income and expenditur¢, of the ¢haTltable Company for thai period. In preparing those financial statements, the trustees are required lo Sele suitable auourtting polici&s artd then apply thcrn consistently observe the tn¢thoiJ5 and PTinriples in the Chariiies SORP.. make judgeTThents and esÉirnateb that are Tea50nable and prudent. prepare the financial statements on the going conccrn basis unless il is inappropriate io prume that ihe charitable company will conlinue in busine&s. The tTUStw are resw)nsible for keeping proper accounting re£ord5 which disclose wilh r¢asonable accuraey at any tirne (he financial position ofthe ¢h#ritable ¢ompany and to enable them to enyure that the finart¢ial slalements comply with the Cornpani¢s Ael 2(V)6. They are also rcbponsitFle for safeguarding the as$ of thr Gharitable Company and hence for takin8 reasonable stcps for the PTevcntion and detec4ion of ttaud and other irregularlties. In so far as th¢ tru¢es are awar¢'. Ihere is no relevant 2udit inforniation of which the charitable company's audiiors ar¢ unaware.. and the trustees have taken all steps that they ought to have taken to makc themselves 8waT¢ of any relevant audit information and to cst*blish that the auditOTS ar¢ aware of that information. Keport of the truslee5, incorporaling a strategi¢ repon, approv by order of the board of trust¢eg, as the company directors on 2103r2026 and signed on the board's behalf by.. R Cook- 'I'rnstee S Achonu - T
Rewrt of the Independent Auditors to th¢ M¢mberJ of The Ktngdom Hll Trust OpAnloD We have audited ihe fmanci81 stsiements of The Kin8dorn Hall Trust {thc 'thaTltable Company,) for the year ended 31 Au8USt 2025 which comprise the Statem1 of Financial Activitle5. the BAlanct She¢1, the C&8h Flow Statement and notes to the financial stat¢m¢nt$. including a wmmary of signifscant accounting policies. The finattcial reporting framework Ihar has been applied in iheiT preparation is applicable law and United Ku]gdoTn Accounting Standards {Uniied Kingdotn Generally Accepted Arcountill¥ P14Lti¢el, including Finan¢ial Reporting Standard 102 The Financial Rq>orting Standard appli¢abl¢ in the UK and Republi¢ of Ire12nd'. In our opinion the financial statements.- give a true and fair view of the vat¢ of the charitable company's affairs at 31 August 2025 and of its incoming Te50urces and oppli¢ation of resources. in¢luding its income and expenditure. for the year then ended,. hav¢ been properly prepared in accordartce wilh United Kingdom Generally Accwted Accounting Pr3rti¢c, including Financial R¢porting StsndaTd 102 Thc Financial Reporting StdThd8rd applicable in the UK and R¢publi¢ of Irelanif.. and have been prepared in acconlance with Ihc requirements of the Comp&nies A¢t 2006 and Section 44 (1)Ic) of the Charities and Trustee Investment (Scotlandl Act 2005 and the ChaTitie5 Accounts (Srotldrtdl Regu13rion$ 2006. B85is f(br oplnlo We conducted our audit in accordance with Jnternational Standards on Auditlttg (UK) (ISAS (UK)) and applieable law. Our rewnsibilities under those standards are further deyribed in the Auditor8, rryonsibilities for the audit of the financial Statements section of our report. We are independent of the ¢haritabl¢ Company in accordance with the cthical requirements that are relevant to our audit of the r]nancial &tal¢ments in the UK, inclllding the FRC'S Ethical Standard. and we have fulfjlled OUT Other ethical rebponsibilities in accordancc with thes¢ requirements. We believe that thc audit evidence we have obtained is sufficient and appropriate to prowde a b&$is for our OPiT)iOT). CoDtluslon$ rela11g to golDg coD¢er In audiiing ¢h¢ finan¢ial Matements, we have ¢oneluded that the irumees, use of the 80ing c¢)necrn basis tsf accounting in th¢ preparation of the financial statements is appropTia¢e. B&%d on the Work we hY4ve pcrformcd, we have not rdentified any matcrial uncertainties relaiing io events or conditions that. kndividually or collectively. may cast significant doubl on the charitable Company's ability to continu¢ as a goin8 concern foT a period ofat leAst tw¢lv¢ months from when the fjnancia] staternents are authorised for issue. Our responsibilities and th¢ rewnsibilities of the tnLStees with respect to 80ing concern arc dCribed in the relevant section$ of this r¢port. Otber illforrnatio The trustees are responsible for the oiher information. The h¢r ittfomation Comprises the inforn)alion included in the Annual Rcport, other ihan the financial statemcnls and our R¢port of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other itifornaation and, ex¢epi to th¢ ¢xt¢nt otherwise ¢xpli¢itly staled in our report. we do noi express any form ofassurance conclusion thereon. In connctlion with OUT audit of the fJn3ncial aItents, our responsibility is to read the other infom)ation and, in doing $0, consider whrfher the other infomation is materially inconsistent with the financial statements OT our knowledge obtained in the audil or othenvise appears to be materially mis8tated. If we identify such material inconblbt¢nci¢s or apparent material misstatements. we ar¢ required to determine whether this gives rise to a material mis*at¢meni in Ihe financial slaleinents themselves. Ir. base(J 0]] the work we hav¢ p¢rform¥iL w¢ conclude that there is a material mi55tatement of this other information. we are requÈTed to Tq]Qrt that fact. We have nothing to report in Ihis regard. Oplnlolls otkntr matters preseribed by the Comp¥4oSes Aet 2006 In our opinion. based on the work undertaken in the c4>urse of the au4Jit'. the information given in the R¢pon of the Trustees for the fjnancial year ftsr which Ihe firtancial statements are pr¢pared is consislenl with the financial slat¢menls', and the Repon of th¢ Trust¢¢s has beets pr¢par¢d in accordance with appli¢able legal requiremett
Report of tlte Independeit Auditorn to the Member8 or The Kingdom Hall Trust Matters on whtch we art requirtd to report by exteptio In the light of the knowledge and understanding ofthe charitsble company its environment obtsined in the ¢ourne of the audi¢ we have not identified material mis$fatements in ihe Rert of the Tru5tce5. We have nothing to Tep)rt in respert of th¢ followtng matters where the CopAnic5 Acl 21X)6 requires us to p( to you if, in our opinion= adequate accounting ¥ecords have not been kept or r¢tsirns e4te for our audit Isave not been Feceiytd from br4nch¢s not visited by us: or th¢ financial.stgtcrnents not in agreement with the accounling records and rethm4 or certhin discIreS of tn]siees' remuneration specifi1 by are not made" or we have not rtteived all the inforniation and explanalions we require for our audit. Responslbllities of trnste As explaind moTe fi]Ily in the Statemenl of Tru$tee8' Responsibilities. th¢ trustees (who tue also the dire¢tor5 of the charitable company for the PUTposes of company law) are responsible for th¢ pr¢patation of the fmancial stat¢¢Ttts at]d for being satisfied they give a Inje ynd lair view. and for such internal control &8 the tntee$ d¢termllJe is n¢ce5sary to enable the preparation of financial sllt¢ments that ate free from mat¢Tial rnisslatemen( whether due to fraud w error. In preparing the fil¢11 sttteMen the trusrees ar¢ r¢sEwsible for ISsIng the tharitable c(mpany's ability to continue as a going ¢oncem. disclosing. as applicable, matt¢r3 rcled to gotng concern and u5i¥tg the going concern basis of a017g unless the trustees effither intend to liquidate the charitable company to ce&se operations. or have no realistic alternatÉve bui to do so. Owr responsibilities for tbe audit of the fi#¢&1 statements Our objectives are to obtsin reason&ble a¥SutCe atx)ut whether ihe fmancial statement5 as a whole are free from material misstatemenL wIther due lo fraud or error. and to issue a Rep)rt of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of as5uran¢< but is not a guardntee that an audit coThducted in accordan¢¢ with ISA5 (UK) will always deEect a matertal misstatement when it exists. Misstatements cart arise from fraud or error and are ctKtsidered maierit41 it, individu8lly OT ID th¢ aggregate. they could reasonably be expected to intluence the ec4)nomic decksions of u5eTS taken on the b&sis of ikne fiuancial stsmen The extent to which our prothlures are ¢apabl¢ of detecting irregulariite& in¢ludin¥ fraud is delaTled below". Our objectives in perforniing the audit are fo identify asses the risk of material miss¢at¢ment in the financial statements due to fraud or errw and to obtain sutrlent audit evidence to supportthi& We also evaluate and respcffid to the risk of at¢[lI Tnissthiements. Audit pro¢edures wfornied by the engagement t¢8m Included: Gaining an vndeT%thnding of the eniity's CunI activiti¢% &%sets and liabiliti¢s and ¢omparing these to the entity's charitable objrftives and aims. Discussing with management aThl th(¥s¢ chty with governaAce a5 to #ny known or suspe¢ted instances of n-MplIanCe with laws amd r¢gulation$, including fraud. Gaining all undetstanding of the legal and regulatory framework applicable to the entity and how th¢ p)txty 1$ complying wilh that framewo. Eyaluating th¢ susceptibility of th¢ entity's flnancial statements to material mis5fatemen¢ including how fraud might occur. OIAaining confirniations from manogement and those charged with governallce as regards telated parties and any trai)sactions with said related parti¢ Obtaining an understanding of intla1 witrol relevant to the audit order to design audit proeedures that are roprig in the circutnstan¢es, bul not lor the purpose of expr¢55ing aD opinion on the effediveness of the company internal control. Assessing the appropriatsness of accounting poli¢i¢5 used and the reasonabl¢n¢s5 of accouThting estirn&tes and related disc105ures made by the trustee& whilst ¢hall¢nginui assumptions n)ad¢ by those charged with governance in the COUT5C of accounting estimates. Identifytng and ttsting manual journal entrie& Reading miDutes of mediw of those cJ)otEed with governanee and r¢vsewsJJg COTre5pondeAce with regulatory bles. Evaluathng thc overnll wesentstton. structhre and content of the fmanciai st&ments, including the disclosur4 and wh¢ther Ihe fittancial sthtements represexht ihe underlying ITansactions and events in a rna that achieves fair pr¢sentation.
Report of the Indepeudent Auditor5 to the Members of The Kingdom Hall Tru8t A further descriOTim of our responsibilities for the audii of the finan¢ial swements is located on the Financial Reporting Councifs website at www.fr¢.org.uklauditorsre¥rtJnsibiliti¢& This d¢rIptIOn forms part of our Report of the Independent Auditors. Use of our report This report is made solety to the djaritable company's member4 &s a knly, io acccKdance with Chaplw 3 of Part 16 of the Companies Act 2006. Our audit work been undertAken so that we might state to the charitable company's membets those matters we arc required to state h) them in an auditors, report and for no other purpose. To the fullest extent MIlhed by law. we do not acccpt or assume responsibilty to Anyone other tha] the charitable company and the ¢haritable coMpanS Mem1 as a body, for our audii worK forthis rqxrt or for the opinions we have fornL Ro5aDna TurnerACA [hA (Senior Ststutory AlIt0r) for and on behalf of X¢inadin Audit Ltd Chartered Accountants and Ststutory Auditor 12 Conqueror Cowt SiUingboun)e Kent MEIO 5BH Lt.MhfCrf•2G
Th¢ Kingdom Hall Trust Statement of Flnincial Activities for the Year EDded 31st August 2025 2025 2024 UnTesiri¢ied fund Unrestricted fu] as reslatal Notes INCOME AND ENDOWMENTS FROM i)onations and14acie5 28,960,490 26.312,509 Investment income Other income 311,-143 1026715 330,271 Tot81 30 298 548 27 922 653 EXPENDrruRE ON Charltabl¢ 4¢tivities Providing plA¢es of worship for Jehovah's Witnesses Donations to oih¢r ¢harities with similar aims and obje¢iivcs Assisting ¢ongregaiion$ ofJchovah's Wiln¢5SCS 8.834.436 7,179.440 13.785,015 7.905 631 17,200,720 8081679 To¢al 30 525 082 J2 461 839 NET INCOMEI{EXPETr4DITURE) (226,534) 14,539.186) RECONCILIATION OF FUNDS Total fund5 brought forward 214,153,941 218,093,127 TOTAL FUIYDS CARRIED FORWARD 213.927,407 214 153 941 form of these fin&ncl Stothts
The Kingdom H911 Trust Balance Sheet 3Jst August 2025 2025 2024 UnT¢stricle ¢M4 UltrICted fi]nd as resta Notes VIXED ASSETS Tangible asvts So¢ia] investrnents 204,873,656 206,683,573 979.142 445.705 10 205,852,798 207,129,278 CURRENT ASSETS Debttsrs C&sh at bank 1.421291 7.894.483 2.543.675 7.801.981 9,315,774 10.345,656 CREDITORS Arnounts fallin8 due within one year 12 (1,241.1651 {3,320.993) I¥ET CURRENT ASSETS 8.074.609 7.024.663 'roTAL ASSETS LESS CURRETr4T LIABILITIES 213,927,407 214.153,941 ET ASSETS 213 927,407 214,153 941 FUTrIDS UnreslTjCted funds 13 213,927,407 214,153,941 TOTAL FUNDS 213 927407 214 153.941 The finan¢ial statement.s were approved hy the Board of Twstees and authoris¢d for i$$ue on 210312026 and were s]ed on lis behalf by: R Cook - Trustee S Achonll Tnjsttt Thcrtotcs l(*Jn p3rttsftle finallcial ststemert8
The Kingdom Hall Trust C&sh Flow Statement for the Year Ellded 31st August 2025 2025 2024 as restated Notes C#$h flows from operAtiDg actlvltles Cash gener2t¢d from op¢raiions 16 92.813 1066.369) Net cash PTovidcd byl{used in) operating activities 92.813 1,066,369) Cash flows from ltyve5dng aetlvltles Purchase of tangible fix¢d assets Purchas¢ ofsocial inveslmenls Sale of tangible fsxed assets Interest received {2,142,1591 {528,703) 2,359,208 311,343 13,664,819) 4.454.756 330.271 Net cash (used inyprovided by inveIng activities 1.120.208 Change in tash aDd ¢ash eqwlv4l¢nts In the reporting period Casb ¢a5b equivalents #t tbe beginnillg of tbe Teportillg period 92.502 53,839 7 801.981 7.748.142 CA$h Ind ¢8sh equlval¢nt$ at the ¢Dd of the reporting period 7 894,483 7.801.981 TrTrJt¢5 knm pprtOftheseaCj stattmaits
The Klngdom Hall Trust Notes to the Flninelal Statements for the Year Ended 31st August 2025 ACCOUNTING POLICIES Basi5 of preparing the fiDAnci21 stAtements The finan¢ial aleMentS of the charitabl¢ companyj a company limiied by guaran¢e¢ r¢gist¢ra in ihe Unii¢d Kingdom, which ib a public benefit entity under FRS102, have been prq)ared in ac¢oA1an¢e with applicable harity and COTnpany law. llamely the CharEtie5 SORP (FRS102) 'Accountin¥ and Reporting by Charitieb: Statetneot of R0MMended Practice applicable to chaTities prepariiig theii aOU1)t5 in a¢¢ordance with tlie Financial Reponing Slartdard dpplicablE in the UK and Rcpublic of Ireland (FRS102) {effeclive l January 20191,. Financial Reporting Standard 102, The Financial Reporting Standard applicable in the IJK and Republic of Ireland, (effe¢tiv¢ l January 2019), the Companies Act 2006 and ihe Charitias Ad 2011. The financial statements have been prq>ar LmdeT the hisXoTical ctsst ¢tsnvention 01 transaction valu< unless staled in the relevant accounting policy notels). All amount5 are stated in pounds sterling and rounded to the nearest whole number. Critit81 atCOllDting judgements aDd Itey sour¢¢s of estlmation ulltertainty The pr¢paration of the financial stateTnents requires judgem¢nls, ¢IMatIOnS 2nd assumptions to b¢ mad¢ that afftrl thr r¢porful value of assets, liabilitie5, income and rxpcndilure. Thc Tjalurc of ¢SliJnation and judgement mean% that actual outcomes could differ froin expectation. The main &Ftimate in th&%¢ fJnaD¢ial stateTn¢nt5 relates to the value of Kingdorn Halls which have been donated to the ¢harity this finart¢ial ye&r the va]ue of them being £2.067,689 (2024.. £87,663). Donated assets, as stated elsewhere, are recognised at fair value. The charity does not intend to re-value its &s%ets on a five-yearly basi4 so onte esiabltshed, Ihis value becomes Ihe cost for accounting purposcs. Another estimate in these financial statements is depreciatiot). The tntt$ are of ihe opinion thai the Tates applied to the financial statemellts are appropriate. Ineome All incom¢ whether in the forni of donations. legacies or gtft aid is Tccogni5ed in the 8tatement of Financial Aetivitie5 once the Trust has entitlemeni to the funds. it is probable that the income will be rcceived and the amount can be m¢asllr¢d reliably. All amounts are stated in pounds st¢rlin¥ and roundpAI to the nearest whole number. Donated a&sel& are recosnised as income when the Trust has control over the item, the reL%ipl of economic benefit from the use by the TTu# (>f the item is probable 2nd that etonomie benefit ean be measurcd Teliably. Don2td a$vt8 are re¢ognised al fair vUt. Donated in¢om¢ 18 included in the financial 8tatemenL$ when received at the Trust'5 headquarte. For lega¢ie5, entitlernenl 15 taken as ihe earlier of the dale on which either.. the Tru$t is aware that probate has been gTanled. the estalc has bcen fjnalisd and notification ha5 been Jnade by the exttuttsrfs) to the TTUSt that a distribution will be made, or wh¢n a distributton is rcecived from the estate. Receipt of a legacy* in whole or in part, is only considered probablc when thc amount can bc measured reliably and the Trust has been notified of the execuwr's intention to make a distribuiion. IDlerest Recelvable Interest on fund$ held on depo.sit is in¢lud¢d when re¢eTvable and the amount can be meL$ured reliably by the ¢hariiy; this 1$ nomally upon noiifi¢ation of the inter¢si paid or payable by the hank. xpettdlture LJahiliti¢8 are recogni5ed as expenditure a5 soon as there 15 a legal or constructive obligation committing ¢hc Trust to that PendIture. it is probable that a transfer of economic benefjts will be required in ¢tttlement and the amount of th¢ obligation can be measurcd reliably. Expcnditure is aGcounted foi an a¢Gruals basis and has been classified under heading5 that aggregate all c0515 relaled lo the cate¥ory. Where costs Lannot be diTectly attributed to particular headings they have been allocated to activities on a basis eonsistcnt with the use of rc50urces. Allo¢atJon and apport5onmeDt of ¢ostS Where a CO is incued for the purpos¢ of directly achieving one of the charitable tivItieS it is allated to that particular activity. When ihis is not the case the ¢ost has been allocated equally between the Tn]st's a¢iivities. Iz
The Kingdom HAII Trust Notes to the Flnn¢lal Ststements- o)ntlnved for the Ye8r Ended 31st August 2025 ACCOUNTING POLICIES - eontitsmed Tangible fixed 85set5 Fixed are valued on a ht8toric cost bast& at cost less deprlatIOn. This 18 with the ex¢epiton ofih¢ initial recognition of donated Kingdom Halls. Th¢se are measureil al fair value based on a de5kiop valuation. This Ihrn bccomes ihe cosx value of the Hall, which is subsequently depreciated. Asscls Cosiing less than £3.000 are not capilalisd. Dq)recialion i5 Provided at th¢ following annual raies in order to wri1¢ off each a&sd over its eslimated useful life.. Freehold land Buildings Noi depr¢¢taled 2/• to 2.5Yo on cost Soci•l investmeDt5 The Tru ¢laMifi¢s ils so¢ial inv¢$im¢nts as prograrnme relat¢d. Th¢ invwment IS to further chaiitable aim4 and any financial retum is incidental. The inve5knent is h¢ld at ¢osl l¢ss impairtnent as fair value Cannot be m¢asur¢d i¢liably. Taxation Thc Trust is excmpt from corporation on its tharitshle activitics. A¢¢ownting Unrestricted fund5 ¢an be used in a¢¢ordance with the charktable ohjectiyes at the disttetion of the trustets. Restrieted funds can only be used for pariicular rcstricied Pu0$eS within the obj¢c¢s of the TTUSt. Restrictions arise when specified by the donor or when funds ar¢ raised for particular restricted purposes. Donated goods Donated goods are reco8t)ised as incomc then the Trust has ¢ontrol over the item. the re¢eipt (pf economic benefit from Ihe use by the Tru of lh¢ item is probable and that econornic benefjt can bc measured reliably. These would be meawred at fair value. Ca51L at bank aMd ID Cash at bank and in hand include CUTrent and tysil ac¢ounts as well as trivial amounts of pdty ¢ash. Debtor5 Debtois ate re¢ognid al the ioial amount due lo the Trust. Piepayments are valued at the amount prrpaid met of any trade discounts du¢. Credltors Creditors are recogniKd where the Trubi has a present obligalion resultin¥ fvom a pasi eveni that will probably Tesult in the tTan5fer of funds to a third party and the amount due to setil¢ the obligation can be measured or ¢stimated reliably. Creditors are normally rccogni5¢d at thejr settlem1 amount after allowing for any trade discounts due. FIu8nciAI Initrllments The Trusi has only basi¢ financial ass¢is and liabilities. Thc5e arr initially r¢¢ognised al transaction value and subs¢qucnily tnvasur¢d at th¢ir stiilement value if there 1$ any vaTian¢e. If any are for a peri(Kl longer ihan twelve month.% thcse are arnorti.s¢d whcn appropria1¢. ColDg Concer The Tru51ee& consider the TN51 a going ¢on¢em and have no material unccrtaintlC5 In this regard. A strong balance sheet position and consistent incomc base ¢ontribute to this eonclusion.
The Kingdom Hall Trust Notes to the Financial Statements- eontlnued for tbe Year EDd¢d 31st August 202S DONATIONS AND LEGACIES 2025 2024 Donation Donat¢d Ass¢ts Gift aid Lcgacies 23,426,199 I,776,499 2,270,961 1486 831 20,672.791 402,113 2,140,655 3 096 950 28 960 490 26312 509 £5.] million (2024: £3.4 million) in donations relate5 10 significant repair5 and refurbishmcnts madc to our PTOI)erties by a charity which speciali8¢s in ¢aTing foT su¢h buildin&$. INVESTMENT INCOME 2025 2024 tkposit account interest 311343 330.271 CHARITABLE ACTIVITIES COSTS Suwn Cusls nute 51 Tutal Providin8 places of worship for Jchovah's Witne8se8 Donations to other ¢hariiies with similar aims and objectivcs A55jSting congregations of Jehovah's Witnesses 8,688,840 145,596 8,834,436 13,785,Ol5 13,785.015 7.761,102 144,529 7,905.631 30.234.957 290.125 30.525.082 SUPPORT COSTS Govemance Fitwi Totsls Providing places of worship for Jehovah's Witncsses A5sisiing congregations of J¢hovah'$ Witn¢sse6 91,875 53,721 145.596 53,722 144J29 182.682 290.125 14
The Kingdom Hall Trust Notes to the Financial Statements - continued for the Year Endcd 31st AMgus¢ 2025 NET INCOMTrJ(LXPENDITURE) Net incomel(expenditure) is stated after chai¥ingl(crediting)- 2025 2024 8$ restated Auijitors, remuneration Depreciation - owry)ed assets (Deficitysurylus on disposal of fixed assets 52,800 3.231.537 429.020 58200 3,198,543 632.569 TRUSTEES, REMUNERA TION AND BF.T4KFITS Ther¢ were no Ints. remuneration or other beThefits for the ye&r rDded 31st Au8USt 2025 nor for the year ended 31st Au8U5t 2024. The tStee and their Spouses dollaied in lotal £1,057 (2024.. £1.420) tc the ¢harity. TSte¢S, ¢xpells¢s There were no truste&< expens£$ paid for the year ded 31stAugusi 2025 nor for th¢ y¢ar ended 3 1st August 2024. PRIOR YLIR ADJUSTMENT An adjustment in respect of a prior period has been made io th¢ financial statements for the year ended 31 AUg$t 2024 to recogni. an assei under eonstruction that was Mpleted during 2024 but was not record at that tim¢. th¢ final invoice w&q not received until 2026. It has bince been Confirma that the conditions for re¢ogniiion under the applicabl¢ a¢¢4unting framework were Satisfi during that perjod. Aecordin8ly. the comparalivr information has brrn rr5taied. This has resulted in an incr&¢ in tangible fixed asstis rtcognised i the year ded 31 August 2024 of £417,276 (co}, with th¢ correspondin8 credit recognised within trdde creditors. TANGIBLE FIXED ASSETS Freehold prop¢rry COST At l st September 2024 Additions Disposals 217,956264 4,209,848 2 968,9641 At 31$1 Augu 2025 219.197.148 DEPRECIATION At 1st Scptcmber 2024 Charge for year Eliminal¢d on disposal 11,272,691 3,231,537 180,736) At 3 Isi August 2025 14.323.492 NET BOOK VALUE At 3 1st Au8U.rt 2025 204,873,656 At 31st Au8usI 2024 206.683.573
The Kingdom Hall Trust Notes to the Finnei&l Statements- continued lor ¢h¢ Year Ended 31st August 2025 io. SOCIAL If4VESTMENTS Pro8rwnrne relad inv&stments uiiy MARKET VALUF Al Isl September 2024 AdditLI)n Exchange diffeM¢es 445,705 528,703 At 31st August 2025 979 142 IYET LIOOK VALUE At 31st Augu&t 2025 979.142 At 3 Isl August 2024 The Trnsl has Jnad¢ two so¢ial investmeJ)1s thal suppon ils charitable obj¢¢iiv¢s- on¢ faciliiaiing access to places of worship globally, and 3nothrr aimd al slrensthening financial infraslru¢tUFf for ¢hariiies with similar aims and obje¢tiv&s worldwide. The tTUStecs aTe confidcnt in their performance alld the ongoing iTnpart and alignm¢nt f Ihese inv¢stmcnts the TTUSt's aims and objectives. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE TrTAR 2025 2024 Othtr debiors Prep3yinrtits and acctued income 448,562 972.729 849,790 1693.885 1421291 2 543 675 A2. CREDITORS: AMOUNTS FALLING DUE WITIIIN ONE YEAR 2025 2024 as r&%iated Trade crcditors Other Creditors A¢¢rued expenses 590,221 432,790 218 154 2,98().100 154.293 180.600 J 241 165 3 320 993
The KiDgdom Hall Trnst Notes to the Financil Statements- eontlnued for tbe Year Ended 31st August 2025 13. MOVEMEf4T I1¥ FUNDS Nct ttM)vemenl in funds At 1.9.24 31.8. UnrtstrAeted fullds G¢neral fund 214,153.941 {226,534) 213,927,407 TOTAL FUP4DS 226 534 214 153 941 213 927407 Net movement in fund& included in the above ar¢ as follows: Inwming re4)ur¢es Resthurces expend MDv¢mcni in ftsttds Uore$trieted fvuds General fund 30.298.548 {30.525,0821 {226.534) TOTAL FUNDS 226.534) Compar%tives for movemellt fwids Net movement in fund¥ At 31.8.24 Al 1.9.23 Unr¢stri¢t¢d funds General fund 218,693,127 (4,539,186) 214,153,941 TOTAL FUNDS 218.693.127 4539 1861 214 153941 Comparative net movement in fLLnd4 included iTh the above are as follow$: In¢omJJJg RlUrc¢S ¢xp¢nd¢d Movemeni in fvnds Unre8trlcted General fund 27,922,653 {32.461,839) (4,539,186) TOTAL FUNDS 4539 186
Tbe Kingdom Hall Trust Notes to the Financial Statements - eOntIned ror the Y¢Ar Ended 31$t AUg5t 2025 14. RELATED PARTY DISCLOSURES Although there are no related parties. the T cooperates wryth other charities wilh similar aitns and objeetives. This cooperdtion sorn¢tim¢s tskes ihe fomi of shared faeilitie5 or processes. The Trust also consi($ policies, prO¢edVr and guidylines Us] by enlities of J¢hovah's Witn¢ss¢s globally with sitnilaF aims and obje¢tiv¢& and, where 3ppli¢able, veks ¢0 implement them. 15. POST BALANCE SHEET EVENTS Following ihe year-end, the Charity reiived confirmation of an intendd donation of assets valued al approxiJnai¢ly £5.7 million from ¢hariiies bas¢d in Scotland. As the donation was not legally binding al the balance sheet date, it is treated as 2 non-ljusling post balance shect event. The financial statements have not been amertded to reflect this dortation. 16. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 as restaled Net txpelldlture for ibe repotrtlng ptrlod (as per the Stement of Fill#oci#l Activities) Adjustments for: Depreciation chargcs LOSS on investments Lo8gJlprofitl on di$pol of fixed a&¢ers Inier¢st re¢eiv¢d Donated assets DEcrea¥el(Increase} In debtlWS (De¢re&eVincr¢ase in ¢roJitors (226.534) (4,539,186) 3,231,537 14.734) 429,020 {311,343} (2,067.689} 1.122.384 2 079.828) 3.198.543 (632,569) 1330,27 1) 1532,913) (799.852) 2,569,879 Net tash provided byl{used inl operations 1.066.369 17. ANALYSIS OF CBANGFS IN NET FUNDS Ai 1.9.24 C3sh flow At 31.8.25 Net eskn Cash at bank 7.801.981 92,502 7,894,483 7 801981 92,502 7 894 483 Total 7 801981 7 894 483 18. EMPLOYEES The Trust does not have any employees (2024- nill.