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Kingdom Legacy Trust

Registered charity 251550 · accounts filings on the Charity Commission register · also known as ASSEMBLIES OF GOD PROPERTY TRUST, PROPERTY TRUST SERVICES

PT provides a 'Holding Trustee Service' for 60 plus AoG churches in various parts of the United Kingdom in addition to which, PT provides shared ownership and rented housing for church leaders and retired church leaders. From the proceeds of the sale of Kingdom Bank, PT is investing the monies to provide an income stream for charitable purposes and build a funding legacy for future generations.

Causes: Accommodation/housing · Religious Activities · Grant history (this charity is a funder) · Get email alerts

Latest income
£566k
Latest spending
£135k
Registered
1967
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that net assets totalled £7,504,045, with £991,878 held in cash, which the trustees considered a robust financial position. The charity aims to hold reserves equivalent to six months of running costs, and unrestricted funds increased by £430,763 during the year. The trustees confirmed that resources are adequate to continue as a going concern with no material uncertainties.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months of running costs (held: £7.5m)
“The charity aims to hold reserves at year end equivalent to six months of running costs.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Payments made to Grace (GB) Ltd (£14,120) and Turner Consultants Ltd (£11,046) for services where trustees are directors/shareholders.
“During the year, the charity paid £14,120 (2024: £16,500) to Grace (GB) Ltd. Rev K Thorpe who is a trustee of the charity is also a director and shareholder of Grace (GB) Ltd. These payments were made for the role as CEO.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Grace (GB) Ltd for CEO services; Rev K Thorpe is a trustee, director, and shareholder.
“During the year, the charity paid £14,120 (2024: £16,500) to Grace (GB) Ltd. Rev K Thorpe who is a trustee of the charity is also a director and shareholder of Grace (GB) Ltd. These payments were made for the role as CEO.” — page 15
“During the year, the charity paid £11,046 (2024: £6,675) to Turner Consultants Ltd. Mrs J Turner who is a trustee of the charity is also a director and shareholder of Turner Consultants Ltd. These payments were made for the role as Operations Manager.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Turner Consultants Ltd for Operations Manager services; Mrs J Turner is a trustee, director, and shareholder.
“During the year, the charity paid £14,120 (2024: £16,500) to Grace (GB) Ltd. Rev K Thorpe who is a trustee of the charity is also a director and shareholder of Grace (GB) Ltd. These payments were made for the role as CEO.” — page 15
“During the year, the charity paid £11,046 (2024: £6,675) to Turner Consultants Ltd. Mrs J Turner who is a trustee of the charity is also a director and shareholder of Turner Consultants Ltd. These payments were made for the role as Operations Manager.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Renaissance Capital Ventures Ltd for consultancy; R O Anekwe (former trustee) is a director and shareholder.
“During the year, the charity paid £14,120 (2024: £16,500) to Grace (GB) Ltd. Rev K Thorpe who is a trustee of the charity is also a director and shareholder of Grace (GB) Ltd. These payments were made for the role as CEO.” — page 15
“During the year, the charity paid £11,046 (2024: £6,675) to Turner Consultants Ltd. Mrs J Turner who is a trustee of the charity is also a director and shareholder of Turner Consultants Ltd. These payments were made for the role as Operations Manager.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Eaze Interiors; Ms E Thorpe is the daughter of trustee Rev K Thorpe.
“During the year, the charity paid £14,120 (2024: £16,500) to Grace (GB) Ltd. Rev K Thorpe who is a trustee of the charity is also a director and shareholder of Grace (GB) Ltd. These payments were made for the role as CEO.” — page 15
“During the year, the charity paid £11,046 (2024: £6,675) to Turner Consultants Ltd. Mrs J Turner who is a trustee of the charity is also a director and shareholder of Turner Consultants Ltd. These payments were made for the role as Operations Manager.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Property TRT Services Ltd
“During September 2020 the charity incorporated a trading subsidiary company named Property TRT Services Ltd.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£566k
Total spending
£135k
Cost of raising funds
£60k
Reserves (reported)
£7.5m
Employees
0

Per its annual return, largest income source: Charitable activities (79% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 10.5% of total income — above the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£566k£135k
31/03/2024£814k£95k
31/03/2023£148k£311k
31/03/2022£218k£258k
31/03/2021£63k£392k

Common questions

Is Kingdom Legacy Trust financially healthy?

Per its FY2025 accounts: The accounts state that net assets totalled £7,504,045, with £991,878 held in cash, which the trustees considered a robust financial position. The charity aims to hold reserves equivalent to six months of running costs, and unrestricted funds increased by £430,763 during the year. The trustees confirmed that resources are adequate to continue as a going concern with no material uncertainties. Its FY2025 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund03/09/2021£10kCommunity Cafe
The National Lottery Community Fund04/01/2019£10kOpen House-Lunch time community club

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
CATALYST NETWORK OF CHURCHES1£228k
TWO RIDINGS COMMUNITY FOUNDATION1£5k
THE BISHOP RADFORD TRUST1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with KINGDOM FAITH YORKSHIRE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
Kingdom Legacy Trust£566k—0unclear—no doubt
KINGDOM FAITH YORKSHIRE TRUST FY2025£216kUnder £60,0000unclear—no doubt
KINGDOM FAITH CHURCH LONDON FY2025£143k—0unclear—no doubt
KINGDOM FAITH CHURCH FY2024£1.0m£140,001 - £150,000—above—no doubt
KINGDOMCITY UNITED KINGDOM LTD FY2024£787k——unclear—no doubt
Kingdom Impact FY2025£171k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.