Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

**Registered number: 01722542 Charity number: 326392** 

**KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 DECEMBER 2025** 




Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 11|
|**Trustees' Responsibilities Statement**|13|
|**Independent Auditors' Report on the Financial Statements**|14 - 17|
|**Statement of Financial Activities**|18|
|**Balance Sheet**|19|
|**Statement of Cash Flows**|20|
|**Notes to the Financial Statements**|21 - 38|





Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025** 

|**Trustees**|L A Boateng|
|---|---|
||M V Eyles, Chair|
||R G Howells|
||S Mitchell|
||B Tubbs|
||A Ashton (appointed 5 February 2025)|
|**Company registered**<br>**number**<br>01722542<br>**Charity registered**<br>**number**<br>326392<br>**Registered office**<br>Mark House<br>85/87 Locksbrook Road<br>Lower Weston<br>Bath<br>BA1 3EN<br>**Executive Director**<br>L Moffat Hamilton<br>**Independent auditors**<br>Bishop Fleming Audit Limited<br>Chartered Accountants<br>10 Temple Back<br>Bristol<br>BS1 6FL<br>**Bankers**<br>Lloyds Bank Plc<br>41 Milsom Street<br>Bath<br>BA1 1DN<br>**Solicitors**<br>Stone King LLP<br>13 Queen Square<br>Bath<br>BA1 2HJ||



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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** 

The Trustees present their annual report together with the audited financial statements of Kenneth Copeland Ministries (KCM/the charity) for the year from 1 January 2025 to 31 December 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) as amended by Update Bulletins 1 and 2. 

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. 

## **Statement of Faith** 

The programme and activities of the Charity shall be based upon and at all times shall be consistent with the following beliefs and Statement of Faith: 

## The Scriptures Inspired 

The Scriptures, both the Old and New Testaments, are verbally inspired of GOD and are the revelation of GOD to man, the infallible, authoritative rule of faith and conduct. (2 Tim. 3:15-17; 1 Thes. 2:13; 2 Peter 1:21). 

## The One True GOD 

The one true GOD has revealed Himself as the eternally self-existent "I AM", the Creator of heaven and earth and the Redeemer of mankind. He has further revealed Himself as embodying the principles of relationship and association as Father, Son and Holy Ghost. (Deut. 6:4; Isa. 43:10-11; Matt. 28:19-20; Luke 3:22). 

The Deity of The LORD JESUS CHRIST 

The LORD JESUS CHRIST is the eternal Son of GOD. The Scriptures declare: 

- (A) His virgin birth (Matt. 1:23; Luke 1:31, 35) 

- (B) His sinless life (Heb. 7:24-28; 1 Peter 2:22) 

- (C) His miracles (Acts 2:22; Acts 10:38) 

- (D) His substitutionary work on the cross (1 Cor. 15:3-4; 2 Cor. 5:21) 

- (E) His bodily resurrection from the dead (Matt. 28:6; Luke 24:39; 1 Cor. 15:4) 

- (F) His exaltation to the right hand of GOD (Acts 1:9; Acts 2:31-33; Phil. 2:9-11; Heb. 1:3) 

## The Fall of Man 

Man was created good and upright; for GOD said "Let us make man in our image, after our likeness." However, man by voluntary transgression fell and thereby incurred not only physical death but also spiritual death, which is separation from GOD (Gen. 1:26-27; Gen. 2:17; Gen. 3:6; Rom. 5:12-21). 

## The Salvation of Man 

- (A) Conditions of Salvation 

Salvation is received through repentance towards GOD and faith towards The LORD JESUS CHRIST. By the washing of regeneration and renewing of the Holy Ghost, being justified through faith, man becomes an heir of GOD according to the hope of eternal life (Luke 24:27; John 3:3; Rom. 10:8-17; Eph. 2:5-13; Titus 2:11; Titus 3:3-7). 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## (B) The Evidences of Salvation 

The inward evidence of Salvation is the direct witness of the Spirit (Rom. 8:14-19). 

The outgoing evidence to all men is a life of righteousness and true holiness (Eph. 4:24; Col. 3:1-17; Titus 2:11- 14). 

## The Ordinances of the Church 

## (A) Baptism in Water 

The ordinance of baptism by immersion is commanded in the Scriptures. All who repent and believe in JESUS CHRIST as Saviour and LORD are to be baptised. Thus they declare to the world that they have died with JESUS CHRIST and that they also have been raised with Him to walk in newness of life. The baptism by immersion in water shall be administered to all those who have repented of their sins and who have believed on The LORD JESUS CHRIST to the saving of their souls. (Matt. 28:19; Mark 16:16; Acts 10:47-48; Rom. 6:3-6; Col. 2:12) 

## (B) The Holy Communion 

The LORD'S Supper, consisting of the elements - bread and the fruit of the vine - is the symbol expressing our sharing the divine nature of our LORD JESUS CHRIST (1 Cor. 10:16-17; 2 Peter 1:4); a memorial of His Suffering and death (1 Cor. 11:23-27); and shall be observed regularly by all believers "until the kingdom of God comes" as enjoined with the Scriptures (Luke 22:17-20). 

## The Baptism in the Holy Spirit 

All believers are entitled to and should ardently expect and earnestly seek the promise of the Father, the baptism in the Holy Spirit and fire, according to the command of our LORD JESUS CHRIST. This was the normal experience of all in the early Christian Church. With it comes the enduement of power for life and service, the bestowment of the gifts and their uses in the work of the ministry (Luke 24:49; Acts 1:4-8; 1 Cor. 12:1-31). This experience is distinct from and subsequent to the experience of the new birth (Acts 8:12-17; Acts 10:44-46; Acts 11:14-16; Acts 15:7-9). With the baptism in the Holy Spirit comes such experiences as an overflowing fullness of the Holy Spirit (John 7:3-39; Acts 4:8), a deepened reverence for GOD (Acts 2:43; Acts 5:11; Heb. 12:28), an intensified consecration to GOD and dedication to His Work (Acts 2:42; Acts 5:1213) and a more active love for  JESUS CHRIST, and for His Word and for the lost (Mark 16:20). 

## The Evidence of the Baptism in the Holy Ghost 

The baptism of believers in the Holy Ghost is witnessed by the initial physical sign of speaking with other tongues as the Spirit of GOD gives them utterance (Acts 2:4). The gift of tongues (1 Cor. 12:4-10, 28) which is a manifestation of The Holy Spirit and given as The Holy Spirit wills. 

## Sanctification 

Sanctification is an act of separation from that which is evil, and of dedication unto GOD (Rom. 12:12; 1 Thes. 5:23; Heb. 13:12). The Scriptures teach a life of "holiness without which no man shall see the LORD". (Heb. 12:14). By the power of the Holy Ghost we are able to obey the command "Be ye holy, for I am holy" (1 Peter 1:15-16). 

Sanctification is realised in the believer by recognising his identification with JESUS CHRIST in His death and resurrection and by faith reckoning daily upon the fact of that union, and by offering every faculty continually to the dominion of the Holy Spirit (Rom. 6:1-14; 8:1-14; Gal. 2:20; Phil. 2:12-13; 1 Peter 1:3-9). 

## The Church 

The Church is the Body of JESUS CHRIST, the habitation of GOD through The Holy Spirit with divine appointments for the fulfilment of her grand commission. Each believer, born of the Spirit is an integral part of the General Assembly and Church of the firstborn, which are written in heaven (Eph. 1:22-23; Eph. 2:19-22; Heb. 12:22-24). 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## The Ministry 

A divinely called and scripturally ordained ministry has been provided by our LORD for a twofold purpose: (1) The evangelisation of the world; and 

(2) The edifying of the Body of JESUS CHRIST (Mark 16:15-20; Eph. 4:11-16). 

## Divine Healing 

Divine Healing is an integral part of the gospel. Deliverance from sickness is provided for in the precious sacrifice of our LORD JESUS CHRIST and is the privilege of all believers (Isa. 53:4-5; Matt. 8:16-17; James 5:14-16; 1 Peter 2:24). 

## Marriage 

We adhere to and agree with the Biblical view of marriage as being between one man and one woman (Gen. 2:24; Matt. 19:4-6; Mark 10:6-9; Eph. 5:30-31). 

## The Blessed Hope 

The second coming of JESUS CHRIST includes the rapture of the saints which is one blessed hope, followed by the visible return of JESUS CHRIST with His saints to reign on the earth for one thousand years (Zech. 14:4-5; Matt. 24:27, 30; Rev. 1:7; Rev. 19:11-14; Rev. 20:16). This millennial reign will bring salvation of the nation of Israel (Ezek. 37:21-28; Zeph. 3:19-20; Rom. 11:26-27) and the establishment of universal peace (Isa. 11:6-9; Psalm 72:3-8; Micah 4:3-4). 

## The Final Judgement 

There will be a final judgement in which the wicked dead will be raised and judged according to their works. Whosoever is not found written in the Book of Life, together with the devil and his angels, the beast and the false prophet, will be consigned to everlasting punishment in the lake which burns with fire and brimstone, which is the second-death (Mark 9:43-48; Rev. 20:11-15; Rev. 21:8). 

## The New Heavens and the New Earth 

"We, according to His promise, look for new heavens and a new earth, wherein dwelleth righteousness" (2 Peter 3:13). 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Mission Statement** 

The mission of Kenneth Copeland Ministries is to teach believers worldwide who they are in Christ and how to operate in the scriptural truths of faith, divine healing, biblical prosperity and the God kind of love - taking them from spiritual milk to meat, from religion to reality. The fulfilment of that mission takes place when those believers become rooted and grounded enough in God's Word to reach out and teach others these same principles. 

- We are called to lead people, primarily born-again believers, to the place where they operate proficiently in the biblical principles of faith, love, healing, prosperity, redemption and righteousness, and to the place where they can share those principles with others. 

- We are called to assist believers in becoming rooted, grounded and established in the Word of God by teaching them to give God's Word first place in their lives (Col. 1:23, Psalm 112). 

- We are called to reveal the mysteries, the victorious revelations of God's Word, that have been hidden from the ages (Col. 1:25-28). 

- We are called to build an army of mature believers, bringing them from milk to meat, from religion to reality. We are called to train them to become skilful in the word of righteousness, to stand firm in the spiritual warfare against the kingdom of darkness (Heb. 5:12-14, Eph. 6:10-18). 

- We are called to proclaim that “Jesus Is Lord” from the top of the world to the bottom and all the way around the middle. 

This vision is being accomplished through the ministry efforts of Kenneth and Gloria Copeland and their staff on a worldwide scale through the local church and the use of television, campaigns, conventions, books, recordings, and personal correspondence and is multiplied through the financial support of other ministries of like purpose. 

## **Core Values** 

The Core Values of Kenneth Copeland Ministries are: 

1. We put the Word of God first place (Psalm 138:2) 

2. We live by faith (Rom. 1:17) 

3. We walk in love (John 13:34) 

4. We are led by the Holy Spirit (Rom. 8:14-17) 

5. We pray about everything (Luke 18:1, 1 Tim. 2:1) 

6. We protect the anointing (Luke 4:18) 

7. We honour God (1 Sam. 2:30) 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Objectives, activities, achievement and performance** 

## **a. Objectives** 

In setting objectives and planning for activities, the Trustees have considered general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

The objects of the charity are to advance and promote the Christian faith and doctrine. This is principally achieved by the distribution of physical and digital teaching resources; provision of Christian teaching through the Believers’ Voice of Victory broadcast (known hereafter as ‘BVoV’); use of social media to promote the charity's resources on our website; distribution of a free monthly magazine and Partner letter and providing events. A report on how this has been achieved appears below. 

## **b. Working with partner organisations** 

We regularly work with KCM in the USA - a not-for-profit organisation that has similar charitable objectives to us. The production and provision of key digital assets, along with physical teaching resources, enable us to carry out the charitable objectives. 

We also work with Kenneth Copeland Ministries e.V. which is a charitable organisation registered in Germany. This relationship has enabled us to provide key ministry services in the German language such as the BVoV broadcast, the monthly magazine and Partner letter. 

## **c. Grant-making policy** 

This policy sets out the context and guidelines for making and reviewing grants to organisations and individuals. The Trustees desire to support other ministries with goals that are consistent with those of the charity. In considering whether to make financial support available, the Trustees will identify whether there is a relationship already in place, or whether there is potential for one to develop. They will also consider such factors as a written submission, project documentation, a vision/mission statement or similar, financial plan or accounts, supporting statements from other people with relevant knowledge, and website material. Once a grant is in place the Trustees expect the recipient to provide periodic updates, so that progress can be monitored, and ensure that the grant monies are being used for the purpose for which they were given. 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Review of activities and achievements** 

- **a. Main achievements of the charity** 

The principal areas of charitable work during 2025 include the following: 

## **Grant Making** 

Grants are made to other organisations and individuals who share similar objects and aims. This charitable activity supports the provision of Public Benefit in a variety of settings including the relief of poverty and the provision of teaching materials about the principles of the Christian faith. During 2025 the Trustees approved grants and support amounting to £279,437 (2024: £226,922). £174,110 of this amount was funded from the charity's designated fund called the 'Tithe Fund', £21,067 was funded from the restricted fund called the 'Relief Fund', and £84,260 was funded from available unrestricted funds. 

Ten percent (10%) of all unrestricted income that the charity receives is designated to the 'Tithe Fund' to finance the Gospel for those who are unable to provide it for themselves. Some of the organisations receiving grant support from the charity visited during the year to give reports of their work. Correspondence and update reports from grant recipients are referenced to show how the monies have been applied. 

The 'Relief Fund' has been established to respond to immediate relief/disaster needs typically arising at short notice, and situations where people find themselves in need or hardship. This is funded by donations received from Partners and friends specifically restricted for this purpose. 

£21,067 was applied for relief in accordance with the terms of the fund during the year. 

## **Provision of teaching material** 

The provision of teaching materials, such as books, CDs, DVDs, along with other digital formats is an important part of our charitable activity. The infrastructure that supports the income from charitable activities is also used for provision of teaching materials supplied free of charge. 

We distributed products into 22 countries throughout mainland Europe in 2025. 

## **TV Broadcasting** 

The provision of teaching and ministry by daily programmes on current Christian issues is a key area of activity for the charity that allows supporters to remain regularly connected with the ministry's teaching. The charity’s weekday programmes are available on our website, the KCM Europe YouTube channel and the DayStar TV station. 

Following limited engagement with the German subtitled broadcast, we transitioned to a dubbed format in response to audience preferences. The German-dubbed BVoV daily broadcast launched in October 2025 on YouTube and the German website. Translation and voiceover are produced using AI tools and reviewed by native speakers, with costs covered by the German charity. 

## **Events** 

We provided online events for our Partners during the year with the delivery of 51 opportunities to hear from an invited speaker or our team members. We had much appreciative feedback from Partners, pastors, and leaders. 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Review of activities and achievements (continued)** 

## **Partner Relations** 

During the year, the number of financially active Partners decreased by 432 from 4,082 to 3,650. 

The Partner growth goal for the year was to move from 4,082 to 4,132; an increase of 50. We attracted 469 new or returning Partners and 774 discontinued their partnership. The number of Partners also decreased by a further 127 due to an adjustment to how Partners are counted. There were 3650 Partners at the end of the year. 

Our Partner Relations team are responsible for maintaining relationships with our supporters, handling donations and product orders, and offering general advice and prayer support including: 

- Distribution of 7,086 (2024: 9,110) free teaching magazines (2,581 in printed format and 4,505 in digital format) monthly. 72,507 (2024: 109,320) were distributed during the year. 

- Distribution of 2,986 (2024: 3,484) letters (1,986 in printed format and 1,000 in digital format) each month to people and organisations who are registered as Partners with the Ministry, committing themselves by prayer and financial contribution to support its activities. 

- The production of in house designed publicity to promote the charity's teaching materials and the free BVoV magazine. This has been done in accordance with a marketing plan, including graphic design, social media, and advertising with the aim of generating additional interest in the Ministry. 

- Administering donations to the charity, providing receipts, and preparing reclaims of income tax on donations where applicable. 17,395 (2024: 18,795) income receipts were sent out during the year. We have 1,307 (2024: 1,384) active Partners and Friends donating under the Gift Aid scheme. 

- Sales of teaching products. During 2025, 1,015 (2024: 1,738) sales transactions were handled by the charity. Our website is a consistently fruitful point of contact with our Partners and Friends. In 2025 we recorded 16,267 website transactions (2024: 18,197). 

- In March 2016 we adopted a policy to provide a range of our product that is featured on the TV broadcast free of charge to viewers that contacted us. This was done to provide materials to support the teaching content of the programme and to make them widely available to our Partners. 1,054 (2024: 3,904) units of product were supplied under this initiative. 

- Prayer service - people can use this by writing, calling, or emailing us. Our staff will either pray with the caller or respond by letter or email. They will endeavour to direct people to relevant scriptures related to their situation. We receive many encouraging reports of answered prayer from people that have used this service. During the year 2,336 (2024: 2,785) prayer calls were received and 9 (2024: 110) written replies were sent in response to letters received. Our prayer email service responded to 1,000 messages during the year (2024: 1,407) 

We make available on our website a list of churches that share similar values to KCM. This enables those searching for a like-minded church in their area to establish contact with a KCM Partner Church. At the end of the year, 87 (2024: 188) churches were listed. 

The Partner Church database was reviewed and updated in line with revised criteria; of the previous 188 churches, 87 currently meet the requirements, with others either no longer partnering with KCM or not contactable. A new, internal workflow has been introduced to ensure future Partner Churches meet and maintain the published criteria. 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Review of activities and achievements (continued)** 

## **Prison Ministry** 

Prison ministry is a long-standing initiative. We seek to work alongside prison chaplains and others involved in ministering to those in prison, as well as inmates directly. This is done by making teaching material freely available to them to help people come to know who they are in Christ Jesus and live a victorious Christian life with their Covenant rights and privileges. Inmates receive a copy of the BVoV magazine and the Partner letter. An inmate can request a KCM NKJV Bible and the 'From Faith to Faith' daily devotional book. The charity also provides a selection of free leaflets and teaching material for chaplains to use in the chapel library. 

We use the BVoV magazine as a first point of contact when seeking to build a Partner relationship with inmates. We did not make any prison visits in 2025. 

We distributed 8 (2024: 17) Bibles to people in prisons and other places of detention, as well as other products, all made possible through the generosity of our Partners. 

We partnered with a local church to supply Christmas hampers for female inmates which included 400 copies of a KCM book entitled ‘He Did It All For You’. 

## **Management and Governance** 

The charity's Trustees held four business meetings, including a strategic planning meeting, a grant making meeting and an AGM during the year. 

- The strategic planning work has identified five strategic goals for the next 3-5 years, these are: • Active Partnership Growth 

- Youth Mobilisation 

- Church and Ministry Partnership 

- Continental Europe Outreach 

- Digital and Media Expansion 

- Progress reports of performance against these goals are provided at Trustee meetings during the year. 

## **b. Investment policy and performance** 

This policy sets out the approach that the charity will take with the investment of surplus funds that are available. The general approach of the charity is to adopt a risk-free stance, where possible, towards investment activities. The Trustees prefer this approach to one that is subject to the volatility and unpredictability of the stock market. In practice balances are deposited with banks or building societies in suitable instant access or fixed notice products. 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Financial review** 

## **a. Financial review** 

The gross income level decreased by 7.8% from £1,786,009 in 2024 to £1,646,653. Our costs were well managed throughout the year resulting in an operating deficit of £1,424 (2024: £2,055 deficit) which was met from unrestricted funds. 

## **b. Going concern** 

The Trustees have adopted the going concern basis in preparing the financial accounts of the charity. In so doing they are satisfied that there are adequate resources in reserves for the charity to continue to operate for the foreseeable future. The factors considered by the trustees when evaluating whether the charity could be considered to be a going concern are as follows: 

- The small deficit on operations at year end, 

- Good budgetary control as evidenced by the 2025 financial audit, 

- 7 months reserves (policy requires 6 months) and, 

- Continued donor confidence in the charity. 

The Trustees and Executive Director will continue to monitor our key indicators and respond appropriately to maintain services to supporters. If required, reserves will be applied so that the fulfilment of charitable objectives can continue in the best possible form, although this would not be to the detriment of the financial viability of the charity. 

## **c. Reserves policy** 

The Trustees have established a reserves policy of six months budgeted operating expenses to be covered by free reserves. This would permit the normal operation of the charity in the short term and give a period for the consideration of replacement income. The level of resources required has been assessed at approximately £130,000 per month, thus giving a requirement of £780,000. 

Total reserves of the charity on 31 December 2025 were £1,772,041 (2024: £1,773,465). Of these reserves: 

- £6,635 (2024: £10,129) related to restricted funds, 

- £22,851 (2024: £34,053) related to designated funds and, 

- £1,742,555 (2024: £1,729,283) related to unrestricted funds. 

Of the unrestricted funds £534,675 was tied up in functional fixed assets and so were not freely available for use by the charity. This leaves free reserves of £1,207,880 (2024: £1,169,455) (see note 19). The free reserves include the aforementioned reserves policy requirement. Additionally, these funds will be used to support planned expenditure to further develop our language outreach into continental Europe. 

## **d. Risk management** 

A policy covering risks is in place. 

The risks which face the charity are detailed in its risk register which the Trustees review at each meeting. Risks are classified as governance, operational, financial, external and compliance. The trustees recognise that appropriate responses to mitigate these risks have been adopted. They also believe that key financial systems are in place and appropriate internal controls are maintained for the organisation. The principal risks facing the charity in the near future are: 

1. Trending decline in Partner numbers, 

2. Cyber / data breach incident, 

3. Decline in Contributions, 

4. External economic and political factors that have an adverse effect on donations / operations – 

(mitigation continue to monitor impact of giving trends and expenditure, satisfactory level of reserves). 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Structure, governance, and management** 

## **a. Constitution** 

Kenneth Copeland Ministries is a company limited by guarantee, not having a share capital. It is a registered charity with registered charity number 326392 and company registration number 1722542, registered in England & Wales. 

The Trustees make decisions at the meetings they hold to conduct the charity's business. Briefings and supporting papers are provided by the officers of the charity where appropriate. Decisions are voted upon and recorded in the meeting minutes. 

## **b. Appointment, induction, and training of Trustees** 

Incoming Trustees are appointed by existing Trustees following a selection and recruitment process that seeks to identify skills required by the board. A job description summarises the Trustee role. 

Background information about the charity, such as recent minutes and organisation charts, is provided along with relevant Charity Commission publications and guidance to support induction. 

Trustees attend relevant seminars and briefings as well as attending inhouse training. 

## **c. Pay policy for key management personnel** 

The Trustees consider the Board of Trustees and the Executive Director as comprising the key management personnel of the charity in charge of directing and controlling the charity. All Trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in note 25 to the accounts. The pay of the senior staff is reviewed annually in relation to performance against goals and normally increased with reference to a range of inflation measures, economic indications, pay trends and affordability. 

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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Plans for future periods** 

Working with and supporting organisations with similar objects and aims to the charity is of great interest to the Trustees. We will therefore continue to take advantage of opportunities to form or develop relationships with such bodies and individuals as a matter of course. 

It is an important aim for the Trustees to increase the number of people that know about the charity and its work. To support this aim we will consider and use the different media and technologies that are available to help achieve this. 

The Trustees will continue to consider new initiatives that offer the potential to realise the charity's objectives. The Trustees will continue to enhance the core activities of the charity and thereby increase our database of supporters and beneficiaries. Opportunities will also be taken to take part in relevant events where we are able to connect with supporters and explain the work of the charity. 

We will continue our programme of on-line events for our Partners during the year, as this an effective way to connect with our supporters. Also, we will review ways to give to support our work, review new ways to thank our Partners, seek their feedback, and consider how our services can be improved. 

We will continue to work towards the goal of increasing the number of Partners so that we can expand the audience that receives our ministry services and materials. We will use technological opportunities that are relevant and effective for the delivery of our objectives and continue to learn from the digital strides that we have made in recent years. We desire to improve our internal digital literacy and awareness to support this. 

Our Trustees and staff work towards enabling the scope of the Ministry to reach the maximum number of people possible. Our motivation is the conviction that everyone has a right to experience the healing, health, prosperity, freedom, and joy that result from a personal relationship with the Lord Jesus Christ. This is at the forefront of our thinking, whether it be promoting our events and products, so that others may be strengthened in their faith, or granting funding to other bodies fulfilling this mission elsewhere. Increasingly, feedback we receive confirms the benefits to individuals on both a material and spiritual level. 

## **Disclosure of information to the auditor** 

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that: • so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and 

• that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditor is aware of that information. 

Approved by order of the members of the board of Trustees and signed on their behalf by: 


**M V Eyles** 

Date 4/6/2026 

Chair 

Page 12 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025** 

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Approved by order of the members of the board of Trustees and signed on its behalf by: 


**M V Eyles** Chair 

> Date: 4/6/2026 

Page 13 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES** 

## **(A COMPANY LIMITED BY GUARANTEE)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KENNETH COPELAND MINISTRIES** 

## **OPINION** 

We have audited the financial statements of Kenneth Copeland Ministries (the 'charitable company') for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **BASIS FOR OPINION** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **CONCLUSIONS RELATING TO GOING CONCERN** 

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. 

## **OTHER INFORMATION** 

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

Page 14 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KENNETH COPELAND MINISTRIES (CONTINUED)** 

## **MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION** 

We have nothing to report in respect of the following matters in relation to which  Companies Act 2006 requires us to report to you if in our opinion: requires us to report to you if, in our opinion: 

- the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **RESPONSIBILITIES OF TRUSTEES** 

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

Page 15 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KENNETH COPELAND MINISTRIES (CONTINUED)** 

## **AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS** 

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- We have considered the nature of the industry and sector, control environment and business performance of the entity; 

- We have considered the results of our enquiries with management and the directors to their own identification and assessment of the risk of irregularities within the entity; and 

- We have reviewed the documentation of key processes and controls and performed walkthroughs of transactions to confirm that the systems are operating in line with documentation. 

- As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the areas of high risk to be in relation to revenue recognition. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override. 

We have also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures within the financial statements. The key laws and regulations were considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation. In addition, we considered provision of other laws and regulations that do not have a direct effect on the financial statements but compliance with may be fundamental for the Company’s ability to operate or avoid a material penalty. These included health and safety regulations; employment legislation; and data protection laws. 

Our audit procedures performed to respond to the risks identified included, but were not limited to: 

- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; 

- Reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue; 

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; 

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and 

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgments made in accounting estimates are indicative of potential bias; and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. 

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. 

Page 16 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF KENNETH COPELAND MINISTRIES (CONTINUED)** 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report. 

## **USE OF OUR REPORT** 

This report is made solely to the charitable company's members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. 


**David Butler FCA, DChA Bishop Fleming Audit Limited** Chartered Accountants Statutory Auditors 10 Temple Back Bristol BS1 6FL Date: 8/6/2026 

Bishop Fleming Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 17 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>4<br>Charitable activities<br>5<br>Investments<br>6<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>8<br>**Total expenditure**<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**1,555,210**<br>**34,505**<br>**39,365**<br>**1,629,080**<br>**1,627,010**<br>**1,627,010**<br>**2,070**<br>**1,763,336**<br>**2,070**<br>**1,765,406**|**Restricted**<br>**funds**<br>**2025**<br>**£**<br>**17,573**<br>**-**<br>**-**<br>**17,573**<br>**21,067**<br>**21,067**<br>**(3,494)**<br>**10,129**<br>**(3,494)**<br>**6,635**|**Total**<br>**funds**<br>**2025**<br>**£**<br>**1,572,783**<br>**34,505**<br>**39,365**<br>**1,646,653**<br>**1,648,077**<br>**1,648,077**<br>**(1,424)**<br>**1,773,465**<br>**(1,424)**<br>**1,772,041**|Total<br>funds<br>2024<br>£<br>1,692,841<br>44,726<br>48,442<br>1,786,009<br>1,788,064<br>1,788,064<br>(2,055)<br>1,775,520<br>(2,055)<br>1,773,465|
|---|---|---|---|---|



During the year, KCM made tithes of £174,110 which were paid out of the Tithe Fund (see note 19). 

The Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 21 to 38 form part of these financial statements. 

Page 18 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:01722542** 

## **BALANCE SHEET AS AT 31 DECEMBER 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>13<br>Investments<br>14<br>**Current assets**<br>Stocks<br>15<br>Debtors<br>16<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>17<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Net assets excluding pension asset**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>19<br>Unrestricted funds<br>19<br>**Total funds**|**24,705**<br>**46,638**<br>**504,937**<br>**576,280**<br>**(119,010)**|**2025**<br>**£**<br>**534,675**<br>**780,096**<br>**1,314,771**<br>**457,270**<br>**1,772,041**<br>**1,772,041**<br>**1,772,041**<br>**6,635**<br>**1,765,406**<br>**1,772,041**|28,161<br>63,266<br>498,491<br>589,918<br>(140,408)|2024<br>£<br>559,828<br>764,127|
|---|---|---|---|---|
|||||1,323,955<br>449,510|
|||||1,773,465|
|||||1,773,465|
|||||1,773,465|
|||||10,129<br>1,763,336|
|||||1,773,465|



The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. 

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 


**M V Eyles** Chair Date: 4/6/2026 


**L A Boateng** Trustee 4/6/2026 

The notes on pages 21 to 38 form part of these financial statements. 

Page 19 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025** 

|**Cash flows from operating activities**<br>Net cash used in operating activities<br>**Cash flows from investing activities**<br>Dividends, interests and rents from investments<br>Purchase of tangible fixed assets<br>Purchase of investments<br>Disposal of investments<br>**Net cash provided by/(used in) investing activities**<br>**Cash flows from financing activities**<br>**Net cash provided by financing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|**2025**<br>**£**<br>**(7,838)**<br>**39,345**<br>**(9,112)**<br>**(233,769)**<br>**217,820**<br>**14,284**<br>**-**<br>**6,446**<br>**498,491**<br>**504,937**|2024<br>£<br>(3,889)<br>48,442<br>(44,284)<br>(196,673)<br>178,868<br>**(13,647)**<br>**-**<br>**(17,536)**<br>516,027<br>498,491|
|---|---|---|



The notes on pages 21 to 38 form part of these financial statements 

Page 20 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **1. GENERAL INFORMATION** 

Kenneth Copeland Ministries is a private company limited by guarantee and a charity registered in England and Wales (company number 1722542 and charity number 326392). Its registered office is 85-87 Locksbrook Road, Lower Weston, Bath, BA1 3EN. 

The presentation currency of the financial statements is sterling, which is the functional currency of the charity, and the figures are rounded to the nearest £. Comparative information relates to the year ended 31 December 2024. 

## **2. ACCOUNTING POLICIES** 

## **2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Kenneth Copeland Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 GOING CONCERN** 

The activities of the Charity, together with the factors likely to affect its future development and performance are set out in the Trustee's Annual Report. The financial position of the Charity and its cashflow are presented in the financial statements and accompanying notes. 

The directors consider that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 

## **2.3 INCOME** 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. 

Income from charitable activities represents net invoiced sales for teaching materials and other products, excluding VAT. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 

Page 21 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **2. ACCOUNTING POLICIES (continued)** 

## **2.4 EXPENDITURE** 

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

All expenditure is accounted for on an accruals basis. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. 

Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a headcount basis. 

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Such costs are allocated on the basis of headcount. 

Governance costs are those costs incurred directly in connection with the administration of the charity and compliance with constitutional and statutory requirements. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION** 

Tangible fixed assets are initially recognised at cost (inclusive of irrecoverable VAT). After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. 

Depreciation is provided on the following bases: 

|Freehold property|- 240-600 months (20-50 years)|
|---|---|
|Fixtures and fittings|- 60-120 months (5-10 years)|
|Computer equipment|- 36 months (3 years)|



## **2.6 INVESTMENTS** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. 

Page 22 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **2. ACCOUNTING POLICIES (continued)** 

## **2.7 STOCKS** 

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 

## **2.8 DEBTORS** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **2.9 CASH AT BANK AND IN HAND** 

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 or opening of the deposit or similar account. 

## **2.10 LIABILITIES AND PROVISIONS** 

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 

## **2.11 FINANCIAL INSTRUMENTS** 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **2.12 PENSIONS** 

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 

Page 23 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **2. ACCOUNTING POLICIES (continued)** 

## **2.13 FUND ACCOUNTING** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Investment income, gains and losses are allocated to the appropriate fund. 

## **3. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT** 

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

Critical accounting estimates and assumptions: 

The Trustees do not consider there to be any material judgements or critical accounting estimates. 

## **4. INCOME FROM DONATIONS AND LEGACIES** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Donations<br>1,445,436<br>Legacies<br>109,774<br>1,555,210<br>TOTAL 2024<br>1,660,448|**Restricted**<br>**funds**<br>**2025**<br>**£**<br>17,573<br>-<br>17,573<br>32,393|**Total**<br>**funds**<br>**2025**<br>**£**<br>**1,463,009**<br>**109,774**<br>**1,572,783**<br>1,692,841|Total<br>funds<br>2024<br>£<br>1,688,794<br>4,047<br>1,692,841|
|---|---|---|---|
|||||



Page 24 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **5. INCOME FROM CHARITABLE ACTIVITIES** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Mail order and wholesale<br>30,100<br>Events<br>4,405<br>34,505<br>**INVESTMENT INCOME**<br>**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Bank Interest<br>39,365|**Total**<br>**funds**<br>**2025**<br>**£**<br>**30,100**<br>**4,405**<br>**34,505**<br>**Total**<br>**funds**<br>**2025**<br>**£**<br>**39,365**|Total<br>funds<br>2024<br>£<br>41,149<br>3,577<br>44,726|
|---|---|---|
|||Total<br>funds<br>2024<br>£<br>48,442|



## **6. INVESTMENT INCOME** 

## **7. ANALYSIS OF GRANTS** 

|Grants<br>TOTAL 2024|**Grants to**<br>**Institutions**<br>**2025**<br>**£**<br>279,437<br>221,741|**Grants to**<br>**Individuals**<br>**2025**<br>**£**<br>-<br>5,181|**Total**<br>**funds**<br>**2025**<br>**£**<br>**279,437**<br>226,922|Total<br>funds<br>2024<br>£<br>226,922|
|---|---|---|---|---|
||||||



Page 25 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **7. ANALYSIS OF GRANTS (CONTINUED)** 

The Charity has made the following material grants to institutions during the year: 

|**NAME OF INSTITUTION**<br>Kenneth Copeland Ministries (USA)<br>Sporting Marvels<br>Joseph Storehouse Trust<br>Worldwide Outreach Ministries<br>Mercy UK<br>Yielded Vessels<br>Great Joy in the City Ministries<br>Christian Faith Foundation Romania<br>Jutvari Churches<br>Streetlight UK<br>Edinburgh City Mission<br>Gospel Grenades<br>Power of the Word Pentecostal<br>Good Shepherd India<br>Johnston Ministries<br>LUX Youth Project<br>Living Word Christian Centre<br>The Warehouse Church<br>Tutela Africa<br>Transform Europe Network<br>Grants to Institutions amounting to £2,000 and under|**2025**<br>**£**<br>**79,302**<br>**28,000**<br>**22,000**<br>**22,000**<br>**16,000**<br>**16,960**<br>**14,000**<br>**12,000**<br>**12,000**<br>**10,000**<br>**9,000**<br>**8,000**<br>**7,750**<br>**7,000**<br>**5,000**<br>**2,500**<br>**2,375**<br>**750**<br>**-**<br>**-**<br>**274,637**<br>**4,800**<br>**279,437**|2024<br>£<br>-<br>28,000<br>22,000<br>25,000<br>16,000<br>16,568<br>15,000<br>12,000<br>17,000<br>20,000<br>5,000<br>12,500<br>-<br>7,000<br>7,000<br>-<br>-<br>6,000<br>3,500<br>3,500|
|---|---|---|
|||216,068<br>5,673|
|||221,741|



Page 26 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES** 

## **Summary by fund type** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Grant making<br>386,414<br>Partner relations<br>392,802<br>Television Broadcasting<br>102,081<br>Events<br>131,383<br>Prison Ministry<br>4,788<br>Mail Order and Wholesale<br>269,417<br>Prayer Ministry<br>340,125<br>1,627,010<br>TOTAL 2024<br>1,755,265|**Restricted**<br>**funds**<br>**2025**<br>**£**<br>21,067<br>-<br>-<br>-<br>-<br>-<br>-<br>21,067<br>32,799|**Total**<br>**2025**<br>**£**<br>**407,481**<br>**392,802**<br>**102,081**<br>**131,383**<br>**4,788**<br>**269,417**<br>**340,125**<br>**1,648,077**<br>1,788,064|Total<br>2024<br>£<br>295,617<br>475,680<br>230,108<br>138,811<br>44,893<br>331,594<br>271,361<br>1,788,064|
|---|---|---|---|
|||||



## **9. ANALYSIS OF EXPENDITURE BY ACTIVITIES** 

|Grant making<br>Partner relations<br>Television Broadcasting<br>Events<br>Prison Ministry<br>Mail Order and Wholesale<br>Prayer Ministry<br>TOTAL 2024|**Activities**<br>**undertaken**<br>**directly**<br>**2025**<br>**£**<br>30,365<br>199,974<br>102,081<br>82,494<br>4,788<br>77,269<br>98,623<br>595,594<br>894,903|**Grant**<br>**funding of**<br>**activities**<br>**2025**<br>**£**<br>279,437<br>-<br>-<br>-<br>-<br>-<br>-<br>279,437<br>226,922|**Support**<br>**costs**<br>**2025**<br>**£**<br>97,679<br>192,828<br>-<br>48,889<br>-<br>192,148<br>241,502<br>773,046<br>666,239|**Total**<br>**funds**<br>**2025**<br>**£**<br>**407,481**<br>**392,802**<br>**102,081**<br>**131,383**<br>**4,788**<br>**269,417**<br>**340,125**<br>**1,648,077**<br>1,788,064|Total<br>funds<br>2024<br>£<br>295,617<br>475,680<br>230,108<br>138,811<br>44,893<br>331,594<br>271,361<br>1,788,064|
|---|---|---|---|---|---|
|||||||



Page 27 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)** 

## **ANALYSIS OF SUPPORT COSTS** 

|Staff costs<br>Depreciation<br>Staff training<br>Insurance<br>Light & heat<br>Cleaning<br>Repairs & maintenance<br>Printing, postage and stationary<br>Telephone<br>Computer costs<br>Website costs<br>Travelling<br>Bank charges<br>Currency (proft)/loss<br>Sundry expenses<br>Rates & Water<br>Legal and professional fees<br>Irrecoverable VAT<br>Hire of equipment<br>Governance costs<br>TOTAL 2024|**Grant**<br>**making**<br>**2025**<br>**£**<br>60,863<br>4,283<br>1,227<br>1,621<br>1,164<br>2,229<br>2,492<br>659<br>1,027<br>6,718<br>1,257<br>1,665<br>4,299<br>908<br>542<br>779<br>571<br>249<br>2,399<br>2,727<br>97,679<br>35,065|**Partner**<br>**relations**<br>**2025**<br>**£**<br>121,710<br>8,566<br>1,508<br>3,247<br>2,330<br>4,458<br>4,985<br>1,299<br>2,058<br>13,433<br>2,509<br>3,337<br>8,600<br>(512)<br>1,109<br>1,560<br>1,878<br>495<br>4,800<br>5,458<br>192,828<br>175,326|**Television**<br>**Broadcasting**<br>**2025**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>70,131|**Events**<br>**2025**<br>**£**<br>30,428<br>2,142<br>504<br>811<br>582<br>1,115<br>1,246<br>330<br>1,051<br>3,358<br>627<br>835<br>2,150<br>(128)<br>290<br>390<br>470<br>124<br>1,200<br>1,364<br>48,889<br>35,065|**Prison**<br>**Ministry**<br>**2025**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|
|---|---|---|---|---|---|
||||||-|
||||||35,065|



Page 28 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)** 

## **ANALYSIS OF SUPPORT COSTS (continued)** 

|Staff costs<br>Depreciation<br>Staff training<br>Insurance<br>Light & heat<br>Cleaning<br>Repairs and maintenance<br>Printing, postage and stationary<br>Telephone<br>Computer costs<br>Website costs<br>Travelling<br>Bank charges<br>Currency (proft)/loss<br>Sundry expenses<br>Rates and water<br>Legal and professional fees<br>Irrecoverable VAT<br>Hire of equipment<br>Governance costs<br>TOTAL 2024|**Mail Order**<br>**and**<br>**Wholesale**<br>**2025**<br>**£**<br>121,710<br>8,566<br>1,381<br>3,247<br>2,330<br>4,458<br>4,985<br>1,322<br>1,522<br>13,435<br>2,509<br>3,337<br>8,600<br>(512)<br>1,067<br>1,560<br>1,878<br>495<br>4,800<br>5,458<br>192,148<br>175,326|**Prayer**<br>**Ministry**<br>**2025**<br>**£**<br>152,136<br>10,708<br>1,885<br>4,058<br>2,913<br>5,572<br>6,231<br>1,652<br>2,573<br>16,790<br>3,136<br>4,172<br>10,749<br>(640)<br>1,358<br>1,950<br>2,821<br>619<br>5,999<br>6,820<br>241,502<br>140,261|**Total**<br>**funds**<br>**2025**<br>**£**<br>**486,847**<br>**34,265**<br>**6,505**<br>**12,984**<br>**9,319**<br>**17,832**<br>**19,939**<br>**5,262**<br>**8,231**<br>**53,734**<br>**10,038**<br>**13,346**<br>**34,398**<br>**(884)**<br>**4,366**<br>**6,239**<br>**7,618**<br>**1,982**<br>**19,198**<br>**21,827**<br>**773,046**<br>666,239|Total<br>funds<br>2024<br>£<br>378,479<br>22,572<br>12,976<br>13,933<br>6,369<br>7,458<br>26,726<br>7,950<br>11,544<br>74,362<br>9,166<br>16,605<br>24,939<br>7,808<br>2,903<br>5,555<br>4,293<br>(5,320)<br>19,348<br>18,573<br>666,239|
|---|---|---|---|---|



Page 29 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **10. AUDITORS' REMUNERATION** 

|Fees payable to the Charity's auditor for the audit of the Charity's annual<br>accounts<br>**11.**<br>**STAFF COSTS**<br>Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes|**2025**<br>**£**<br>**13,750**<br>**2025**<br>**£**<br>**633,909**<br>**57,639**<br>**67,746**<br>**759,294**|2024<br>£<br>13,100|
|---|---|---|
|||2024<br>£<br>752,694<br>63,248<br>80,932|
|||896,874|



The average number of persons employed by the Charity during the year was as follows: 

|Grant making<br>Partner relations<br>Television Broadcasting<br>Events<br>Prison Ministry<br>Provision of teaching materials<br>Prayer ministry|**2025**<br>**No.**<br>**2**<br>**4**<br>**-**<br>**1**<br>**-**<br>**4**<br>**5**<br>**16**|2024<br>No.<br>1<br>5<br>2<br>1<br>1<br>5<br>4|
|---|---|---|
|||19|



The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 

||**2025**|2024|
|---|---|---|
|In the band £70,001 - £80,000|**1**|1|
|In the band £100,001 - £110,000|**-**|1|



Pension contributions amounting to £15,180 (2024: £25,205) were paid into a Money Purchase Pension Scheme in respect of these employees who are accruing benefits under the scheme. 

The key management personnel of the charity comprise the Trustees and the Executive Director. The total employment benefits including employer pension contributions of the Key management personnel were £150,309 (2024: £210,170). 

Page 30 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **12. TRUSTEES' REMUNERATION AND EXPENSES** 

During the year, no Trustee received any remuneration or benefits in kind (2024: £NIL). 4 Trustees received reimbursement of expenses in respect of travel, accommodation and meals amounting to £1,920 (2024: 2 Trustees received £413). In 2025, 5 Trustees made donations amounting to £2,446 to the charity (2024: 5 Trustees made donations amounting to £2,260). 

## **13. TANGIBLE FIXED ASSETS** 

|**COST OR VALUATION**<br>At 1 January 2025<br>Additions<br>At 31 December 2025<br>**DEPRECIATION**<br>At 1 January 2025<br>Charge for the year<br>At 31 December 2025<br>**NET BOOK VALUE**<br>At 31 December 2025<br>At 31 December 2024|**Freehold**<br>**property**<br>**£**<br>**761,956**<br>**-**<br>**761,956**<br>**276,939**<br>**14,760**<br>**291,699**<br>**470,257**<br>485,017|**Fixtures and**<br>**fittings**<br>**£**<br>**124,152**<br>**1,152**<br>**125,304**<br>**72,751**<br>**9,217**<br>**81,968**<br>**43,336**<br>51,401|**Computer**<br>**equipment**<br>**£**<br>**112,285**<br>**7,960**<br>**120,245**<br>**88,875**<br>**10,288**<br>**99,163**<br>**21,082**<br>23,410|**Total**<br>**£**<br>**998,393**<br>**9,112**<br>**1,007,505**|
|---|---|---|---|---|
|||||**438,565**<br>**34,265**<br>**472,830**|
|||||**534,675**|
|||||559,828|



Page 31 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

|**14.**<br>**INVESTMENTS**<br>**COST OR VALUATION**<br>At 1 January 2025<br>Additions<br>Disposals<br>AT 31 DECEMBER 2025<br>**NET BOOK VALUE**<br>AT 31 DECEMBER 2025<br>AT 31 DECEMBER 2024<br>**15.**<br>**STOCKS**<br>Finished goods and goods for resale<br>**16.**<br>**DEBTORS**<br>**DUE WITHIN ONE YEAR**<br>Trade debtors<br>Prepayments and accrued income<br>Tax recoverable|**2025**<br>**£**<br>**24,705**<br>**2025**<br>**£**<br>**39**<br>**48,103**<br>**(1,504)**<br>**46,638**|**Cash on**<br>**Deposit**<br>**£**<br>**764,127**<br>**233,789**<br>**(217,820)**<br>**780,096**<br>**780,096**<br>764,127<br>2024<br>£<br>28,161<br>2024<br>£<br>-<br>51,072<br>12,194<br>63,266|
|---|---|---|



Page 32 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Other taxation and social security<br>Other creditors<br>Accruals and deferred income|**2025**<br>**£**<br>**54,995**<br>**24,983**<br>**11,546**<br>**27,486**<br>**119,010**|2024<br>£<br>57,305<br>29,092<br>20,740<br>33,271|
|---|---|---|
|||140,408|



## **18. FINANCIAL INSTRUMENTS** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|**FINANCIAL ASSETS**|||
|Financial assets measured at fair value through income and expenditure|**1,285,033**|1,262,618|



Financial assets measured at fair value through income and expenditure comprise investments and cash at bank and in hand. 

Page 33 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **19. STATEMENT OF FUNDS** 

## **STATEMENT OF FUNDS - CURRENT YEAR** 

|**UNRESTRICTED FUNDS**<br>**DESIGNATED FUNDS**<br>Tithe Fund<br>**GENERAL FUNDS**<br>General Funds - all funds<br>**TOTAL UNRESTRICTED**<br>**FUNDS**<br>**RESTRICTED FUNDS**<br>Relief Fund<br>**TOTAL OF FUNDS**|**Balance at 1**<br>**January**<br>**2025**<br>**£**<br>**34,053**<br>**1,729,283**<br>**1,763,336**<br>**10,129**<br>**1,773,465**|**Income**<br>**£**<br>**-**<br>**1,629,080**<br>**1,629,080**<br>**17,573**<br>**1,646,653**|**Expenditure**<br>**£**<br>**(174,110)**<br>**(1,452,900)**<br>**(1,627,010)**<br>**(21,067)**<br>**(1,648,077)**|**Transfers**<br>**in/out**<br>**£**<br>**162,908**<br>**(162,908)**<br>**-**<br>**-**<br>**-**|**Balance at**<br>**31**<br>**December**<br>**2025**<br>**£**<br>**22,851**|
|---|---|---|---|---|---|
||||||**1,742,555**|
||||||**1,765,406**|
||||||**6,635**|
||||||**1,772,041**|



## **The Tithe Fund** 

The Tithe Fund is funded by ten percent (10%) of all unrestricted income recieved. Specific grants to institutions/individuals will come from this fund. 

## **The Relief Fund** 

Supporters can make donations to this fund which will be used to provide help when relief is required or in the event of a disaster. Grants can be made to alleviate immediate relief needs typically arising at short notice. The fund is restricted by the nature of the donations. The Trustees make grants from this fund as a need arises. 

Page 34 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **19. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR** 

|**UNRESTRICTED FUNDS**<br>**DESIGNATED FUNDS**<br>Tithe Fund<br>**GENERAL FUNDS**<br>General Funds - all funds<br>**TOTAL UNRESTRICTED**<br>**FUNDS**<br>**RESTRICTED FUNDS**<br>Relief Fund<br>**TOTAL OF FUNDS**|Balance at<br>1 January<br>2024<br>£<br>52,814<br>1,712,171<br>1,764,985<br>10,535<br>1,775,520|Income<br>£<br>-<br>1,753,616<br>1,753,616<br>32,393<br>1,786,009|Expenditure<br>£<br>(194,123)<br>(1,561,142)<br>(1,755,265)<br>(32,799)<br>(1,788,064)|Transfers<br>in/out<br>£<br>175,362<br>(175,362)<br>-<br>-<br>-|Balance at<br>31<br>December<br>2024<br>£<br>34,053|
|---|---|---|---|---|---|
||||||1,729,283|
||||||1,763,336|
||||||10,129|
||||||1,773,465|



Page 35 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Tangible fixed assets<br>534,675<br>Fixed asset investments<br>780,096<br>Current assets<br>569,645<br>Creditors due within one year<br>(119,010)<br>**TOTAL**<br>1,765,406<br>**ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**<br>Unrestricted<br>funds<br>2024<br>£<br>Tangible fixed assets<br>559,828<br>Fixed asset investments<br>764,127<br>Current assets<br>579,789<br>Creditors due within one year<br>(140,408)<br>**TOTAL**<br>1,763,336<br>**21.**<br>**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW**<br>**ACTIVITIES**<br>Net expenditure for the year (as per Statement of Financial Activities)<br>**ADJUSTMENTS FOR:**<br>Depreciation charges<br>Dividends, interests and rents from investments<br>Decrease/(increase) in stocks<br>Decrease in debtors<br>Increase/(decrease) in creditors<br>**NET CASH USED IN OPERATING ACTIVITIES**|**Restricted**<br>**funds**<br>**2025**<br>**Total**<br>**funds**<br>**2025**<br>**£**<br>**£**<br>-<br>**534,675**<br>-<br>**780,096**<br>6,635<br>**576,280**<br>-<br>**(119,010)**<br>6,635<br>**1,772,041**<br>Restricted<br>funds<br>2024<br>Total<br>funds<br>2024<br>£<br>£<br>-<br>559,828<br>-<br>764,127<br>10,129<br>589,918<br>-<br>(140,408)<br>10,129<br>1,773,465<br>**FROM OPERATING**<br>**2025**<br>2024<br>**£**<br>£<br>**(1,424)**<br>(2,055)<br>**34,265**<br>19,694<br>**(39,365)**<br>(48,442)<br>**3,456**<br>(8,208)<br>**16,628**<br>6,710<br>**(21,398)**<br>28,412<br>**(7,838)**<br>(3,889)|
|---|---|



Page 36 



Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **22. ANALYSIS OF CASH AND CASH EQUIVALENTS** 

|Cash in hand<br>**TOTAL CASH AND CASH EQUIVALENTS**|**2025**<br>**£**<br>**504,937**<br>**504,937**|2024<br>£<br>498,491|
|---|---|---|
|||498,491|



## **23. ANALYSIS OF CHANGES IN NET DEBT** 

|Cash at bank and in hand|**At 1**<br>**January**<br>**2025**<br>**£**<br>**498,491**<br>**498,491**|**Cash flows**<br>**£**<br>**6,446**<br>**6,446**|**At 31**<br>**December**<br>**2025**<br>**£**<br>**504,937**<br>**504,937**|
|---|---|---|---|



## **24. PENSION COMMITMENTS** 

The charity operates a defined contribution pension scheme. The assets of the scheme are held in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £67,745 (2024: £80,932). Contributions totalling £Nil (2024: £Nil) were payable to the fund at the balance sheet date and are included in creditors. 

## **25. OPERATING LEASE COMMITMENTS** 

At 31 December 2025, the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: 

|Not later than 1 year<br>Later than 1 year and not later than 5 years|**2025**<br>**£**<br>**16,551**<br>**37,027**<br>**53,578**|2024<br>£<br>16,551<br>53,578<br>70,129|
|---|---|---|



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Docusign Envelope ID: A57D9279-12D3-8292-8284-CCDAEE0EBD06 

## **KENNETH COPELAND MINISTRIES (A COMPANY LIMITED BY GUARANTEE)** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **26. RELATED PARTY TRANSACTIONS** 

During the year, Kenneth Copeland Ministries made purchases of services and/or product from various businesses and organisations where a related party transaction exists. 

The Charity purchased services from The Warehouse Church for £120 (2024: £200), where there is a common trustee. Donations were also received from The Warehouse Church in the year totaling £1,200 (2024: £1,200). 

The Charity made purchases of product and services from Kenneth Copeland Ministries USA, £62,539 (2024: £95,086), where a trustee is an employee of the supplying organisation. 

The Charity made a grant to The Warehouse Church, £750 (2024: £6,000), where there is a common trustee. The Charity also made a grant to Tutela Africa, £NIL (2024: £3,500), where a member of the management team is a trustee. 

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