Mudgeway Communlty Church Trust Annual Report and Unaudlted Financial Statements Yeaff Ended 31" DewJ)beF2025 Charity Number: 1097662 Mudgeway Community Churth Trust Year Ended 31° December 2025 Offlcers and Professional Advlsers Trustees, Annual Report Independent Examinerfs Report Receipts and Payments Account statement of Assets and Liabilities Notes to the Financial Statements Mudgeway Community Churth Twst Officers and Professional Advisors For the Yeaff Ended 31"December2025 Trustees: Mr A George Mr A Hockings Mr M Woolf Mrs A Priestly Ministers: Rev N Collins Rev L Collins Bankers- Lloyds PLC Ivybridge Devon PL219AD IrKlependent Examiner: Mike Davies Asso¢lates 14 Pound Park Okehampton Devon EX20 ISX Charltys Full Name- Mudgeway Community Church Trust (Church Name: Living Well Ch￿￿h) Charity Registration Number- 1097662 Principal Address: Llving Well Church Corner Dark Street Lane Mudgeway Plympton Plymouth PL7 2PS Mudgeway Communlty Churth Trust For theyear Ended 31 December 2025 The Trustees present thelr report alonE Wlth the financial statements of the tharlty for the year ended 315t D￿ernber 2025. The financial statements have been Prepar￿ In accoidan wtth the acwurrting policies set out in the notes tothefinancial st3ternents and comply with the chartvstrust deed (adopted on 9 April 20031, arKlthe tharfcies Act 2011. The Qharty Is administered by a Board of TTU5tee5 that is made up of at least three trugtees. The t*U5tee5 are appolnted by a Tesolution passed by a stmple majorfty at a spÈc131 rneeting of the trust. Ministersare accountable tothe trustees on the tharsty5 artivity and busine5& Aims and ObjÈclr￿5 The Chariirfs aims and objective5 were estsbllshed as set out ils Declaration of Trust, adopted on 9th April 2003 are.. to pro¥rK>tethe advanwnent of the ch¥￿tIan faith.. the rellef of persons who are In condition5 of need, hardship or distress or who are aged or slck, wimarily in Plymouth and its SU￿0￿￿ding area but extending nationally and intemationally vhbere deemed appropriate bytheTrustees. RLwlèw of Pfogres5 and AchIev￿ants 2025 saw 3 £ontinuation of the trustees wlth no additions aTxI no re5ignation& The char continued in stslurtherante of runningthe day to day actswties of the LiwinB Well U)urch. Rvllew of Flnpnclal Artlvltles and Affaws Recvpts have sncreased by £2,788. Total rectypts dufin8 the year amount to £95.567 wtth totsl expenditure amotsntingto £92,779 In¥¥lment Pollry There are no restrlctfons on the char*tVs power to in¥tst. The Investment str*egy 15 set by thetrustees taklng Into account recent demandsforfunds and the needto reservesuffiuent fundsto cover futilFe rnaIntenan￿ and r￿nn1￿c0sts. Is the ptyllcy of the trustees to rnalntaln unrestrScted fund5, which a¥e free reserves of the charity. at a level that equals at least Six month'5 unrestricted expenditure. This provide5 suffidentfundsto rnana8ements, administration supporttosts. Approv81:ThetfilStees annual reportwas approved bythetTUSteeson 5iEned on theTrr behajf by.. 91 /0 7/202{ Mudgeway Community Church Triist Independent Examlnerfs Report FoTlheYwr Ended 31" DErernber2025 I report on the financial statsments of the charity for the ye4r ended 3151 December 2025. whith are Set out inthese pages. Rttpetti¥e Responslbtlftles of TruM•es and Examlner The (thÈrit¢s trust￿ are responsible for the preparation 05 the account5. The charitvs tnjstees consider that an audit 15 not required for the yeaT under Sectlon 144121 of the (har￿1*￿ Act 2011 lthe 2011 ALtI and that an independent examlnat(on15 needed: is my responslbntty to.. Examlnethe awunts un¢kr Sert¢on 145 ofthe 2011 Aet.. To follow the procedure5 laid down in the General Directions glven by the thaTtty Commi55ion (under sertion 1451Sllbl of the 2011 Act.. To stste whethew particular matters have cometo my attentlon. Bjsts of Independent Examlnerfs Report My exarnination was carried out in accordance with the GÈner31 Dirertion5 given by the Chafity Comrnis5ioners. An examinat(on sntlude5 a Teview of the accounting records kept by thecharity and a comparison tsfthefinancial statementspre5ented withtkne records. It also indudes consideratlon of any unusual items or disclosures in the finar¢clal statement5, and Seeking explanations from you as trustees conterning any such rnatters. The procedure5 undertaken do not provt4Je all the evidence that would be required >n an audr£. and consequently no opinion Is g(ven a5 to whetherthe financial statements present a true and fair ￿eW and the feKX)rt 15 Set out and limited to those matters set out in the staternent b￿low5. In connertion my examination, matter has come to my attention.. lil Which Kive5 rne ieasonable cause to believe that In any material respert requirements To keep accountirw records In ￿)rda¥k(e W￿th SeLti¢)n 130 of the 2011 Art,. and To Prowde finanaal Statements whsth ac£ord wth the attounting rewrd5 and to comply with the accounting requirements ol the 2011 Act have not been met.. or 121 to which, ij) my op4nion, attention should be drawn in order to enable a proper understanding of thefinancial statements to be reH¢hed. Mlkè Davles-A£countant Mike Da¥7es A550ciates. 14 Pound Pat*, OkehamptoD, EX20 ISX Mud8eway Communlty Chuych Trust Receipts and Payments A¢couTrt Fos the Fknanrial Year Ended 31" December2024 Gentrnl Restrt¢W T•tyl Towi Fund Fvnd 2025 GIItAid&* Offerlngs Tax Repayment D￿•t￿)n$, Mlsslofis and 5uThdry Incorne Church HTrre. rentand other income Bank iTrtere5t received T£*AI 71,453 3,454 13,6XI 71453 WJ70 3A54 I3.6￿ 14,769 6,715 255 95,567 6.715 255 270 95￿61 96.177 EqtsipmeJ)t and renew8L% Missions and trainiD8 féExpendituie Bank charge5 COTN Cluster r*nEyaJe¥w)5e5 G4ft5 and 8rants S•larfe5 Rent, ratesand insurances rfeat, ￿Ehtattd Power Travel, eiitert•ln. sotlaL% offi￿ costs Premise5expenses Pmfessional fees Tat*l 3.227 120 3,876 123 120 3,876 123 8,050 8,235 57,207 56,756 10,954 10,836 4.535 2.626 57,207 10,954 4,535 L354 739 I025 9W9 L354 734 739 L095 1.025 L053 92,419 85,3Y4 dependent Examine￿5 Fee TOTAL 360 9l779 85.734 Net Iptymentsl I receipts iOA43 iOA43 nkBwlan Bank balances at l Jirwary 2025 Add increase iTryeaf 33,429 1788 36217 10,443 33A29 Mudgeway Community Churth Twst For the Year Ended 31" Decembw 2025 BalaJJoSheet 2025 2024 FWAs*5 Tangible assets 40L565 40L565 Debtor5 Cash aiBank 604 639 36,821 35.165 Cftdllord:aML￿nl5 duewlthlnone 5J9 59J Netcurrent assets (l￿bIlItIes1 Total 8ssetsies5turrEnt liabllfdes 36,302 437￿67 34.574 436,139 Creditor5-. amouritsfèlling dueafteroneyea¥ 437*67 436,139 sfufitsofthettorfty Unrestrftted 437￿67 Mudgeway Community Churth Trust For the Year Ended 31 December 2025 Notes to the Fin3n(iaJ Statements l. Accounting Poliaes a. Basis OF prepaTatioTr Thefinanaal statements have been prepared on the r￿apts and payments basis underthe historical cost conventlon. in aceordante with the appli(xlAe Accountingstsndartlsandthe Chafttie5 Art ZOII. b. Generallund The general fund Trs unrestricted consisbng of income whlchthe charfty may use for its purpose5 at isdiscretton 2. Transactsonswlth Trustees (luringthe year £nil (2025.. £nil1 was paidto the trustees in respect of reirnbursed expenses in connectlon wlth the managernent and admint5tration of the chatfty. There were no transartions with the trustees of the charty. 3. Independent E¥amirseT'. A cost of £360 was pald to orcharged bythe Independent Examiner.