THE WELL OF LIFE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Cbarity Number 1107682 Company Number 5321301 tX8al and AdminiS￿Ve D&ails Report of the Trustees tndependent Examin￿$ Report ststement of Financial AGtivities Balance Sheet io Notes to the Financial Slalements 11-18 Page 3 of 18 THE WELL OF LIFE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Number. 1107682 Company Num￿. 5321301 Directors CTrustees'y: M Reilly (Chairperson) M Chart S Stott R Dakin C Rennison D Raine H Owlett J Cook (Resigned 13th June 2024) Secretary: E Chart (as from 6th January 2025) Registered OffiLx: The Well of Life 51 Fairniile Fleet H8mpshire GU52 7UT Independent Examiners Data Developments First Floor, The Chubb Building Fryer Street Wolverhampton West Midlands WVI IHT Main Banker. CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Page 4 of18 THE WELL OF LIFE FINANc￿L STATEMENTS FOR THE YEAR El￿ED 31 MARCH 2025 The trustees. who are also dir¢ctor& presetrt their report and financial stat￿ents for the year ended 31 March 2025. The trustee5 who S¢Tved dwing the year and up to the date of this are set out on page 3. The financial statements have been preparfyl in accordance with the accounting policies set out on pages I l and 12 and conply with the requirements of the Companies Acts and the Charities SORP 2015. ONSTITLrrtON The Charitable Company is govemed by Amemded Memorandum and Articles of Association dated 16th July 2013. The Charity's obje¢ts are: (a) to advance the Christian faith in accordance with the stateM￿t of Faith in suth parts of the United Kingdom or the world ￿ the trustee5 may frorn tirne to time think fit and other such purposes which are exclusively ch8ritable ao>)rdin8 to the law of England and Wales and are connected with the charilable work of the Charity" (b) to provide or assist in the provision of f￿llItieS in the intere&s of social wclfaTe or recreation or other leisure time occupation of individuals who have need of such facilities by reason of their age, rac< infirniity or disability, financial hardship or social circumsLgnces with the object of improving their conditions of life. VE NA The trustees are responsible for the management and administration of th¢ Charity as required by The Articles of Association, Charity and Company law. They ensure this is in agreement and harniony with the Charity's ststed vision and values. The trustees generally meet quarterly and at any extraordinary tirne as required. They strive for unanimous de¢ision$ through open discussion. preferring to find agreement than settle for the consensus of opinion. The trustees give responsibility to the Secretary and the Accounts Manager. workin8 closely with the Chairperson, for the day to day running of the ¢harity (in a¢Lx)rdance with the Financial Controls Policy). The trustees publish frequent finance upjates to keep manbers infornied about savings, income and how money is used. Existin8 trustees are authorised to appoint new trustees. In selecting new trustees they have re8ard to the skills, knowledge and eX￿￿en¢t Tequired for the Charity's effective administration. New trustees are offered training from an external professional OTganisation and serve a Per1￿j of induction which includes observing trustee meetings. The Charity employed I persons during the year. Page 5 of 18 THE WELL OF LIFE FINANCIAL STATEMENT3 FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEESIDtRECTORS ANNUAL REPORT VISION AND VALUES For many years we have been following the vision to see 'every man complets in Christ,. By this we Mean: developing our character. defining our gifts and using them for the benefit of others. REVTEW OF ACTIVITIES MISSION The Well of Life seeks to serve our ¢iJmmunities and present a way of living in line with the teaching of Jesus. to answer people's questions with regard to faith. and to meet the needs of people in line with the Way of Jesu& The tru5tecs confirn] that they have ￿mplied with the duty in S&#ion 4 of the Charities Act 2006 to have du¢ regard to public benefit guidance published by the Charity Commission in deterniinin8 the activities undertaken by the charity. The following activities are those eSp￿181]Y run fr>r the Public Benefit: Practical Help in the Community includin8 the provisi(yn of foo4 clothing, household goods for families and individuals in need We support and encourage our members to Work as volunteers alongside others involved in our comrnunities e.g.: People Care in the Community meeting people on a regular bosis where they are and helpin8 lo bring order to some of the chaos in their lives. Members have LX)ntinueAI to meet with a number of people who are marginaiised and lonely, providin8 them with companionship, encouragement and practical supporL Members have continued to WO￿ with other 8TOUPS and Rushmoor Borough Council to operate a Food Hub to help those in food poverty. NETWORK C RCHES The CentraI Church is made up of two hubs ¢UTrently one in Aldershot and one in Farnborough. There is also one netWOTk thU￿h govemed by the charity: The Kings Churth Godalming. FINANCIAL REVIEW AND RESERVES POLICY The Charity is primarily fiinded by individual givin& much of which qualifies for Gift Aid tax knefits in the Charity'5 hands. No fund raising activities. grants or i)ther sources of fvndraising related income were sought or received. There was a deficit of£38,102 (2024 deficit of £21.614). which was met from existing unrestricted funds. Trustees and staff have continually reviewed and adjusted controllable expendittwe. We acknowledge our dependency on God for all our financial requirements. We find no merit in storing wealth. unle&s earn)arked for anticipated firture projec￿ The reserves policy is reviewed by the tn￿t￿5 Page 6 of18 THE WELL OF LIFE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2025 STEESIDIREcfoRS ANN AL REPORT annually and the current reserves level is set at £20,0(K). At the year-end there are no net current unrestricted assrts. The reserves level has been monit¢Thl ¢los¢ly through financial year 202412025. through the distribution of w#kly bank balances and disc￿10￿$ at the TTh￿eeS meetings. RISK NIANAGEME The trustee5 have established policies and proced4wes to enable them to asscss the major risks faced by the Charity and to tske mitigating action where appropriate. This is reviewed annually. TRUSTEE RESPONSIBtLTfiES Th¢ trustees are required under charity law to prepare finan¢ial statements for each financial year which give a true and fair view of the financial a¢tiviti¢s of the charity during the yw and of its financial position at the end of the year. In preparing those financial statement& the trust¢¢s are required to. select suitable accounting wlicias aDd then apply them Lx)nsist¢ntly' rnake reasonable and prudent judgements and estimates: prepare the financial statements on a going concern basis unless it is inappropriate to Presume that the Charity will ¢ontinue to opcratc. The trustees are also responsible for: keeping proper accounting Tecords. which disclose with reasonable accuracy at any time, the financial position of the charity and enable it tr) ensure that the financial ststem¢nts comply with the Charities Act 2011 & the Companies A¢ts 2006: 3afeguardin8 th¢ charity's assets; taking reasonable steps for the prevention and detection of f￿￿￿. providin8 reasonable assurance that: the charity 1$ operating efficiently and effectively" the a55cts are saftguard¢d against unauthorised t￿e or disposal; proper records are maintsined and financial infonnation used within the charity OT for publication is reliabl¢. the Charity complies with its Memorandum and Articles of A$s￿latIOn and relevant laws and regulations; the charity has aclively pursued ail of its objedives and FKJlicies throughout the year. b) d) RE PLANS We remain as a group of people from the Surrey and Hampshire area who follow the way of Jesus in our day-toty lives, in our communities and through the vaTiOUS projects we support across the World. Within the Cenlrnl Chur¢h we nornmlly meet regularty in hubs for w(thip, prnyer and teaching. We also meet in groups that in a variety of ways s¢ek to make new contact& to meet their ne&ls and to introduce them to Jesus. CLOSING The tnlstees would like to thank the employee5 and volunteers for the considuable time and effort that 15 invested by everyone in ensuring that The Well of Lift continues to move from Vision to Reality in a Page 7 of18 THE WELL OF LIFE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES/DIREcfoRS ANNUAL REPORT manner that is coherent with the Visio￿ values and objectives that have been established for The Well of Life. INDEPENDEFrr EXAMINERS The tn￿teeS instructed Data Developments to caTry Out an Indep￿dent Examination for the financial statement year end 31# Mar¢h 2025. This report has been PTcpaTed in accorda￿ with th¢ special provisions relating to LM)mpanies subje¢t to the small companies regime within Part 15 of the Companies Act 2006. It was approved by the Board of Directors and Trustees on 25th September 2025 and signed on its behalf. Approved by the Truslees and sI￿d on their b￿￿f Chairnian of Trustees- Mark R 'lly Page 8 of18 THE WELL OF LIFE FINAIYCIAL STATE11￿￿[s R THE YEAR EIYDED 31 MARCH 202 INDEPENDEIYf EXAMINER'S REPORT Accounts for the year ended 31a March 2025 Respective responsibilities of the Trustees and the ex*mitter The ¢harity's trustees are resp)nsible for the prepar*ion of the accounts. The clmity's truskes consider that an audit is not required for the year under sedion 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is nccded. It is my resp)nsibility to: Examine the accounts under section 145 ofthe Charities Act to follow the pr(thlures laid down in the general directions given by the Charity Commission (under section 145(5Xb) of the Charities A¢L and to state whether particular matters have corne to my attention. Ba$1$ of th¢ Independent Examiner's statement My examination was Ca￿led out in accordancx with the general directions given by the Charity Commission. An examination includes a review of the a(wunting records kept by the charity and a comparison of the accounts presentsj with these records. It also includes considerdtion of any unusual items or disclosures in the accounts and seeking explanations frorn the trustees concerning such matters. The prcaures undertaken do not provide all the evidenL% th&t would be required for an audil and ¢otL8equently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's stgtement In connection with my examination. no material matter has come to my attention which 8ives me cause to believe that in. any material respect: Accountin8 records w¢re Tr)t kept in &￿Id￿ with Section 386 of the Companies Act 2006 and with section 130 of the Charities ACL or the a￿Unts do not accord with the accounting records E have come a¢ro&8 no other matters in ¢onne¢tion with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be re&ched. Date: 17h October 2025 Signed.. Stephen Hendy Dats ikvelopments (UK) Ltd Fryer StreeL Wolverhampton WVI IE Pag¢ 9 of 18 THE WELL OF IIFE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL AcrtVlTIES SUMMARY INCOME AND EXPEM)TfuRE ACCOUNT Total funds 2025 Total Funds 2024 Unrestricted Funds Restricted Funds Notes Incomin Resources Incoming Resources from Generated Funds: Voluntary Income 50,555 742 51.297 68,952 Investment Income - Interest Totsl Incomin Resourc 742 53,887 Resources Ex nded Costs of Generating Funds: Charitable Activities 62,790 62,790 Total Resources Ex ded 62.790 Net Outgoing Resourr2s before transfers (9,645) 742 (8,903) (21,615) Gainsllosses on investment assets (29,21X)) {29,200) Transfers between funds Net Ex diture for the Year (38.845) 742 (38,103) (21,615) Balance brought forward l April 2024 148,013 6.570 154,583 176,198 Balances carried forward 31 March 2025 109,169 7.313 116.482 154,583 The ststement of financial activities includes all gains and losses Tecognised in the year. All incoming reswrces and resourLYS expended derive from continuing ￿tivIties. The notes on pages I I to 18 forni part of these finan¢ial statements. Page 10 of18 THE WELL OF LIFE FINANCIAL STATEMEiYrs BALANCE SHEET AS AT 31 MARCH 2025 Com Numbtr 5321301 2025 2024 Notes TANGIBLE FIXED ASSETS 35,000 CURRENT ASSETS Debtors Cash at Bank 116.482 119.583 116.482 119,583 CREDITORS: AMOUNTS FALLING DUE THIN NE YEAR NET CURRENT ASSETS 116.482 119,583 NET ASSETS 116482 154,583 LATED FUNDS Designated and Genernl Funds 10 109.169 148,013 Restricted Funds 7,313 6.570 116482 154 583 The financial statement4 which have been prepared in accordance with the special provisions relating to companies subject to the small companies reglme within Part 15 of the Companies Act 2006, were approved by the Board of Trustees on 10 October 2024 and si8ned on its behalf. These accounts have been prepared in accordance with the Ftnan¢iai Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The Company was entitled to exemption from audit unts section 477 of the Companies Act 2006 relating to small companies. The dtrectors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 wffith r¢spe¢t to acwunting records and the prwation of the accounts. (L_ Chairman of Tntstees- Mark Re ly The notes on pages I I to 18 form a part of thes¢ financ￿ statements. Page 11 of 18 WELL OF LIFE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STATEMENrs ACCOUNfING POLICIES a) Basis of Pre tion The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed &ssets and in accordan¢e with the Charities SORP (FRS 102) 'Accountin8 and Reporting by Charities: ststement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2015).. Financial Reporting Sthndard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. b) Funds Unrestric*d funds relate to the incorne whith is available to meet the general objectives of th¢ charity. General fijnds are unrastricted funds which are available for use at the discretion of the trustees in furtherance ofthe genernl objectivesofthe Ch￿lty and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set &8ide by the trustees for particular purposes. The aim and of each deSI￿ated fund is set out in the notes to the financial statements. Restricted fiu)ds are fun