KINGSWAY CLC TRUST

1. KINGSWAY CLC TRUST 2019-08-21 → present
2. KINGSWAY TRUST 1991-12-18 → 2019-08-21
3. THE SERVANT TRUST 1989-03-08 → 1991-12-18
4. KINGSWAY TRUST 1983-03-28 → 1989-03-08
5. KINGSWAY TRUST LIMITED 1981-12-31 → 1983-03-28
6. LIVING BIBLES INTERNATIONAL (UK) LIMITED 1978-12-31 → 1981-12-31
7. LIVING BIBLE FOUNDATION LIMITED 1973-02-01 → 1978-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Berringers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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.”

Significant events

• “The Trust in more recent months has seen sales growth, and margins at least maintained. This has been supported by the establishment of strong relationships with four new publishers introduced in the spring of 2024.”
• “The organisation continues to reduce its inventory levels, generating cash to pay back the loan received from CLC International (UK).”
• “The Trust is also committed to increasing its financial support for CLC worldwide, as well as funding exciting new projects in the UK, including the provision and distribution of very low cost Bibles to support evangelistic initiatives, specifically amongst young people.”
• “We give thanks for our developing ecommerce business where we have seen continual growth over the last 12 months, as we serve customers directly, offering great deals and many new releases to our growing online customer base.”
• “In addition our team has sought to bring God's word directly to customers through a number of bookstalls, that we have managed, at key events across the year.”
• “We are so pleased to continue to be able to run two key conferences during the year - Mission Worship, down in Eastbourne; and the children's ministry conference, Hand In Hand, based in the Midlands.”
• “We also have the opportunity to print Christian material on demand with our in house printing facility, and we are keen to see this develop further in the coming year.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -3.3%

  £6,908,901 → £6,678,225

• Cash

  +25.7%

  £244,251 → £306,920

• Net assets

  +0.7%

  £2,390,193 → £2,407,895

• Employees

  -25.5%

  55 → 41

• Operating profit

  +93.5%

  £28,539 → £55,209

• Profit before tax

  +412.5%

  £3,454 → £17,702

• Wages

  -12.2%

  £1,186,180 → £1,041,547

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers