2025-08-31-accounts - The Leaders Of Worship And Preachers Homes

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Charity Registration No. 1112378 Company Registration No. 05467350 (England and Wales)

THE LEADERS OF WORSHIP AND PREACHERS HOMES ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

THE LEADERS OF WORSHIP AND PREACHERS HOMES

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

J Benfield C Braithwaite M Armitage J Chapman D JC Greet G Evans

Secretary

S Lee

Charity number 1112378

Company number 05467350 Registered office 1 Winton Avenue Westcliff on Sea Essex SSO 7QU

Auditor

Gowers Limited Kennel Club House Gatehouse Way Aylesbury HP19 8DB

Website

Solicitors

https:/Awww.lwphomes.org.uk/

Moore Barlow The Oriel Sydenham Road Guildford GU1 3SR

THE LEADERS OF WORSHIP AND PREACHERS HOMES

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CONTENTS
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Page
Trustees’ report 1-6
Independent auditor's report 7-9
Statement of financial activities 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13-27
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THE LEADERS OF WORSHIP AND PREACHERS HOMES TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

Charitable objects

The objects of LWPHomes, supported by voluntary contributions, are to carry on, for the public benefit, the provision of housing and any associated amenities such as treatment, care, advice and advocacy, for those who require such provision on account of sickness, infirmity, or other charitable need, on terms appropriate to their means - Priority shall be given to those who:

(a) are involved in leading worship and/or preaching;

(b) are in training for, or retired from, the activities of leading worship and/or preaching; (c) are the widows, widowers, parents, parents in law, children and other dependents of persons described in (a) and (b), provided that they are or have been part of a church organisation having objectives agreed by the trustees as being similar to those held by the Methodist Church and the Wesleyan Reform Union and the Local Ecumenical Partnerships that include Methodists.

The charity operates three homes at Westcliff-on-Sea in Essex, Minehead in Somerset and Woodhall Spa in Lincolnshire. The three homes are registered to provide residential care for a maximum of 84 residents. In addition, the charity operates ten self-contained flats and communal facilities providing supported living accommodation at Milborne Port, Somerset and two self-contained flats at Minehead.

Although restricted Methodist Local Preachers Mutual Aid Association (LPMA) funds currently held and managed by the Leaders of Worship and Preachers Trust can, and have historically, been applied to all aspects of LWPHomes business, no grants were applied for during the year in question. Following a request from the trustees of LWPHomes to LPMA to give consideration to making a grant towards the acquisition of a fourth home the trustees of LPMA have pledged £45,000 that can be paid as and when a firm commitment to a new home has been made. It is hoped that further grants may be received in future.

Aims of the charity

Providing those who want it with the opportunity to live their retirement in an actively Christian based community.

Objectives for the year

The charity's main objectives for the year continued to be:

To take all necessary steps to safeguard the residents, staff and visitors at our sites from all potential risks.
To continue the work to reinforce relationships with the Methodist and Wesleyan Reform Union Church organisations and their individual churches to ensure that the charity's work can be carried out with a positive Christian care dimension.
Financial: without prejudice to service standards, to maximise the scope for a modest surplus from each of the 3 established homes and from the flats on the Minehead and Gainsborough sites. To ensure that there is sufficient surplus from routine operations to provide for the potential development of the business model and capital / planned maintenance work.
To consider options for development of care services provided. with the focus on acquiring an additional home and considering options for additional independent living accommodation consistent with the objects.
Care standards: ongoing review all aspects of compliance with the care standards to benefit the residents and to meet the exacting requirements of Care Quality Commission.

THE LEADERS OF WORSHIP AND PREACHERS HOMES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Strategies for achieving objectives The charity operates an LWPHomes specific website (www.lwphomes.org.uk) which places great emphasis on care matters and allows it to present itself in a more visible manner for potential clients who seek active Christian care. In recent years the website has been developed to support governance and trustee recruitment and to provide an online portal of information about the (closed to new membership) MLPMAA pension scheme. The charity is a member of the NCVO to provide for trustee training and a wide range of other potential benefits. The charity also maintains enhanced listings on the www.carehomes.co.uk and www.carechoices.co.uk websites.

Statement on compliance with Charity Commission guidance on public benefit

When deciding on activities and events, LWPHomes' trustees pay due regard to the Charity Commission's guidance on public benefit as set out in section 17 of the Charities Act 2011 and the published advice of the Charity Commission.

Business of the Charity

The charity's aim is to provide those who want it with:

e — The opportunity to live their retirement in an actively Christian based community by the provision of accommodation and subsistence.
e Physical and emotional security.
° A family environment which encourages the presence of relatives and maintains relationships with friends and the wider community. Both residents and families have been very supportive of the actions taken in this respect.
e — Christian community.
e AChristian lifestyle (e.g. Daily Devotions) e Recreation- both physical and mental stimulation e Healthcare- preventative, restorative and palliative.

The core standards for all aspects of the delivery of care are prescribed by legislation and regulated by the Care Quality Commission.

Significant activities

All of the homes maintain close contact and partnership with local churches and hold annual ‘anniversary open days’ and other events that encourage visitors into the homes and also allow the residents to share in an additional area of social activity. Links with the Wesleyan Reform Union remain strong which helps LWPHomes to communicate with its members. Efforts have continued to ensure that LWPHomes continues to be seen as very mucha part of the Methodist family but progress remains slow despite annual attendance at Methodist Conference and the development of other links.

Use of volunteers Each home arranges social events within the home, outings and fund raising events. The pastoral support given to homes includes trustees taking on a close role to support the homes' residents and staff with periodic visits.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Strategic report

Achievements and performance

Charitable achievements

LWPHomes monitors its performance by the health and happiness of its residents It is not unusual for residents to achieve their 100th birthday. Trustees of LWPHomes plan to make a minimum of one pastoral visit per annum to each home, and reports are made to the trustees for consideration at Board meetings. In the unlikely event of any concerns being raised, they are fully investigated by the Operations Manager, the CEO and the Chairman of the Board of Trustees.

Fundraising achievements

Any fundraising activities that take place locally, such as the annual anniversary days, provide funds for additional social benefits for residents. They do not support mainstream expenditure.

Investment performance

The trustees have, as permitted under the Articles of Association, appointed professional investment managers to exercise their powers of investment. The trustees have the power to invest any sums not immediately needed. The investment policy is reviewed annually when Coutts, the investment manager, reports on investment performance to the trustees.

LWPHomes pursuesa policy of ethical investment. The fund managers are instructed to invest in investments that will maximise income returns within the ethical policy.

Major movements in financial markets notwithstanding, the investment returns during the year have been satisfactory in the light of financial trends.

Financial review

During the year under review LWPHomes had an operating surplus of £230,105. Within this total £189,754 related to depreciation of fixed assets. There were then gains on investment assets of £59,084 increasing the overall surplus to £289,189. Included within this total is a legacy of £119,575 gratefully received by the Trustees. The actuarial valuation of the closed defined benefit pension scheme showed a reduction in the deficit during the year of £363,000, due to changes in assumptions concerning discount and mortality rates which is taken into account within the agreed contributions made by the employers. The charity continues to pay the agreed contributions to the scheme to reduce the deficit over time.

Prior to 31 March 2025, LWPHomes was responsible for 90% of the overall employer contributions, as ‘principal employer with Leaders of Worship and Preachers Trust (LWPT) responsible for the remaining 10% as a ‘participating employer. LVPT withdrew as a participating employer as at 31 March 2024, and made an appropriate actuarially calculated one-off contribution of £234,000 during the year, in respect of its proportion of the contributions. LWPT, therefore, has no ongoing commitment to the pension scheme.

THE LEADERS OF WORSHIP AND PREACHERS HOMES TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Financial review (continued)

Reserves Policy

During the period the trustees considered what the reserve requirements were, in line with the Charity Commission guidelines. This covered setting a policy reflecting the wish to safely commit as much as possible to provide suitable support to beneficiaries.

It is the policy of the trustees to maintain unrestricted funds at a level to enable the charity to operate effectively. The trustees consider that the unrestricted reserves should ideally be maintained at a level equivalent to at least 3 months’ running costs to enable an orderly wind down in the event of the charity's closure. This amount would currently be £743,000 (2024: £706,000).

Our total reserves are	£4,113,924
Ofwhich:
Amount restricted to donor nominated purposes	£23,145
Amount capitalised in tangiblefixed assets	£4,045,067
Amount required tofund pension deficit	(£974,000)
Amount allocated to capital reserve	£210,000
Amountavailabletomeetcurrentoperations	£809,712

The current level of reserves is £66,000 above (2024: £157,000 below) the level that the trustees have set as an optimum level for LWPHomes to hold.

Principal sources of income and how expenditure meets objectives

The principal source of income is resident fees, mainly from ‘self-financing’ residents, although some residents are funded, in some cases partly, by local authorities. The local authorities visit the homes annually to ensure that the homes are meeting their terms and conditions in regard to care provision and to ensure practices are monitored and reviewed in line with changes in the care sector.

Risk Management Review

The charity adopts a risk management review strategy that is an integral part of its Business Plan and contributes directly to the risk management assessment made by the Pension Trustees. Trustees have reviewed the major risks to which the charity is exposed, which include damage to reputation, criminal acts, data loss, health and safety, and change to funding sources, and have established systems to mitigate those risks. Day to day operational risks are minimised by the implementation of procedures for the authorisation of all transactions and project management to ensure consistent quality of delivery for all aspects of the charity. These procedures are reviewed periodically to ensure that they meet the needs of the charity.

There have been no examples of fraud identified by the trustees during the period.

Plans for future periods

Capital spend over the last few years have maintained the three homes at a high standard of repair and development with a clear planned preventative maintenance strategy. This allows for future plans to focus on broadening the charity's care portfolio. Consistent with its development plans, the charity intends to seek opportunities to purchase additional homes in areas consistent with the current portfolio.

The trustees continue to look at fundraising opportunities that will also publicise the homes, the excellent care that they offer and additional services the charity provides.

THE LEADERS OF WORSHIP AND PREACHERS HOMES TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management

The Company was incorporated as a company limited by guarantee on 31 May 2005 and as such has no share capital. It is governed by Articles of Association that were reviewed and updated in 2010 and subject to further review and amendment in 2014, 2018 and 2021.

The Company was registered as a charity on 2 December 2005 by the Charity Commission for England and Wales.

The directors of the charitable company (‘the charity’) are its trustees for the purpose of charity law and throughout this report are referred to as the trustees. A list of the trustees is given on the Legal and Administration page to the financial statements. All of the trustees named on that page served during the year.

Trustees may serve a maximum of five terms of three years. A trustee who has completed five consecutive terms of office will not be eligible for reappointment until one year has elapsed since the end of his or her last term of Office.

The Board of Trustees can consist of at least three and not more than twelve persons elected by the Members by ordinary resolution atan AGM. A person may not act as a trustee unless he or she:

e supports the Objects, is a Christian and has a dedication to promote Christian fellowship; ¢ agrees to also become a Member,
e is over the age of 18; and ° has signed a written declaration of willingness to act as a Member and asa trustee of the charity.

In October 2017 the historically close relationship between the charity and The Leaders of Worship and Preachers Trust came to an end. A key consequence is that the Board no longer has access to the mailing lists associated with the Ichthus magazine which up to that point was the core medium for communication with friends and for the recruitment of new trustees. New lines of communication through the Methodist and Wesleyan Reform Union church organisations have been progressed to ensure that the charity is able to communicate effectively with its traditional supporters. Another consequence is that the charity is no longer able to enjoy the traditional mutual benefit of legacies and other donations made to LWPT.

New trustees are provided with copies of the Charity Commission leaflets CC3 & CC3a and are provided with training as required.

Policy decisions concerning the charity are made by the trustees as a whole. Specialist areas such as Finance and Investments are delegated to the CEO and an external financial adviser appointed by the Board. Day to day administrative functions, such as resident contracts, local authority contracts, bookkeeping and payroll, are delegated to the Operations Manager and CEO.

The charity enjoys excellent relationships with its main stakeholders within the Methodist and Wesleyan Reform Churches and meets their officers regularly to discuss matters of common interest.

Employee involvement and employment of the disabled

The trustees wish to record thanks to all the staff who have contributed to the success of the charity during the period under review.

The trustees are not aware of any staff members who are registered as disabled but have the necessary facilities to enable disabled people with the appropriate skills to work for the charity. Due recognition of the Disabilities Discrimination Act is exercised where staff members need assistance and support when returning from sick leave or are undergoing treatment whilst working.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J Benfield

C Braithwaite

M Armitage J Chapman

D JC Greet G Evans

Statement of trustees’ responsibilities

The trustees, who are also the directors of The Leaders of Worship and Preachers Homes for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that 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.

Auditor

A resolution will be proposed at the forthcoming Annual General Meeting that Gowers Limited, Chartered Accountants, who were reappointed during the financial year, be reappointed as auditors for the ensuing year.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report, including the strategic report, was approved by the Board of Trustees.

C Braithwaite Trustee Dated: 17th March 2026

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE LEADERS OF WORSHIP AND PREACHERS HOMES

Opinion

We have audited the financial statements of The Leaders of Worship and Preachers Homes (the ‘charity’) for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 August 2025 and of its incoming resources and application of resources, 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 charity'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 concem are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

THE LEADERS OF WORSHIP AND PREACHERS HOMES

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LEADERS OF WORSHIP AND PREACHERS HOMES

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 the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: . the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or

. sufficient accounting records have not been kept; or

the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charity for the purpose 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 charity'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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 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 auditor's 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.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

e the nature of the charitable sector, the charity's control environment and performance, e results of our enquiries of management about their own identification and assessment of irregularities; « any matters we identified having reviewed the charity's procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
e detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and the internal systems established to mitigate risks related to fraud or non-compliance with laws and regulations.
e the matters discussed among the engagement team and involving relevant internal specialists, including tax, regarding where fraud might occur in the financial statements and any potential indicators of fraud.

The charity is subject to laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance through the imposition of fines and penalties, or through losses arising from litigations. We identified the following areas as those most likely to have such an affect: legislation directly applicable to charities sector such as the Charities Act 2011, employment legislation; health and safety legislation, the regulatory requirements of the Care Quality Commission.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF THE LEADERS OF WORSHIP AND PREACHERS HOMES

Audit response to risks identified

Having performed the above, we did not identify any key audit matters related to the potential risk of fraud or noncompliance with laws and regulations. In addition to the above, our procedures to respond to risks identified included the following:

e reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;
¢ enquiring of management, concerning actual and potential litigation and claims;
e review of minutes of trustees’ meetings;
¢ performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and
e in addressing the risk of fraud through management override of controls, reviewing the appropriateness of journal entries and other adjustments; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. These procedures did not identify any actual or suspected fraudulent irregularity that could have a material impact on the financial statements.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with International Auditing Standards UK). For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the procedures that we are required to undertake would identify it. In addition, as with any audit, there remains a high risk of nondetection of irregularities, as these might involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal controls. We are not responsible for preventing non-compliance with laws and regulations or fraud, and cannot be expected to detect non-compliance with all laws and regulations or every incidence of fraud.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees, 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 charity's trustees 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 charity and the charity's trustees asa body, for our audit work,WG we have formed. David MAS Statutory Auditor) for and on behalfof Gowers Limited hacwosekste cis ears ears

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Statutory Auditor
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17th March 2026
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THE LEADERS OF WORSHIP AND PREACHERS HOMES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds
		general	designated
		2025	2025	2025	2025	2024
	Note	£	£	£	£	£
Income from: Donations and gifts	3	122,040	-	7,991	130,031	75,796
Charitable activities	4	3,217,224	-	.	3,217,224	2,985,623
Investments	5	9,179	-	726	9,905	11,558
Totalincome		3,348,443	.	8,717	3,357,160	3,072,977
Expenditure on:
Raising funds	6	18,817	-	-	18,817	14,362
Charitable activities	7	3,093,263	-	14,976	3,108,239	2,948,499
Total resources
expended		3,112,080	“	14,976	3,127,056	2,962,861
Netgains/(losses) on
investments	11	59,084	.	-	59,084	82,394
Netmovements
beforetransfers		295,447	-	(6,258)	289,189	192,510
Gross transfers		(198,498)	194,522	3,976	-	_
Netincoming/(outgoing)		96,949	194,522	(2,282)	289,189	192,510
Other recognised gains and		losses
Actuarial gain/(loss)
ondefined benefit		-	168,478	.	168,478	(35,386)
Netmovementinfunds		96,949	363,000	(2,282)	457,667	157,124
Fund balances at
1 September2024		4,757,830	(1,127,000)	25,427	3,656,257	3,499,133
Fund balances at
31August2025		4,854,779	(764,000)	23,145	4,113,924	3,656,257

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

BALANCE SHEET

AS AT 31 AUGUST 2025

7		2025			2024
	Notes	£	£	£	£
Fixed assets
Tangible assets	12		4,045,067		4,208,836
Investments	13		745,638		686,554
			4,790,705		4,895,390
Current assets
Stocks	14	5,820		6,735
Debtors	15	31,495		9,767
Cash atbankand in hand		781,059		589,884
		818,374		606,386
Creditors: amounts falling due
within oneyear	17	(201,653)		(155,317)
Netcurrent assets			616,721		451,069
Total assets less current liabilities			5,407,426		5,346,459
Creditors: amounts falling due after
morethan oneyear	18		(319,502)		(353,202)
Provisions forliabilities			(974,000)		(1,337,000)
Netassets			4,113,924		3,656,257
Income funds
Restricted funds	20		23,145		25,427
Unrestricted funds Designated funds	22	(764,000)		(1,127,000)
General unrestricted funds		4,199,899		4,102,950
Revaluation reserve		654,880		654,880
			4,090,779		3,630,830
			4,113,924		3,656,257

The financial statements were approved by the Trustees on 17th March 2026.

C Braithwaite 6G, J Benfield J} HR fc¢ Trustee Trustee , a Company Registration No. 05467350

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Notes|£2025|£|£2024|£| |Cash|flows from|operating|activities| |Cash generated|from|operations|24|238,434|75,901| |Investing|activities| |Purchase|of tangible|fixed|assets|(25,985)|(324,117)| |Capital|invested|a|si| |Investment income|received|9,905|11,558| |Net cash|(used|in)/generated|from| |investing|activities|(16,080)|(312,559)| |Financing|activities| |Proceeds|of|new|bank|loans|-|=| |Repayment|of bank|loans|(31,179)|(27,958)| |Net cash|generated|from/(used|in)| |financing|activities|(31,179)|(27,958)| |Net increase/(decrease)|in|cash and|cash|191,175|(264,616)| |Cash|and|cash|equivalents|at|beginning|of year|589|884|854,500| |Cash and|cash|equivalents|at end|of year|781,059|589,884|

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

The Leaders of Worship and Preachers Homes is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Winton Avenue, Westcliff on Sea, Essex, SSO 7QU.

1.1. Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £, except in note 19, where figures are given in multiples of £1,000.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charitable company has adequate resources to continue in operational existence for the foreseeable future.

The charitable company does have a pension fund deficit of £974,000 at the year end. This is covered by the charitable company’s fixed assets (net book value £4,045,067 at 31 August 2025). In addition, the charitable company has an agreed plan to pay off the deficit out of its annual income over a period approved by the pension scheme’s trustees and actuary.

Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

The pension fund relates to a defined benefit pension scheme which ceased on 31 March 2003. This is fully disclosed due to its significance.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure Resources expended are included in the Statement of Financial Activities on an accruals basis inclusive of VAT.

1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land Nil Freehold buildings over 10, 20 or 25 years as appropriate Fixtures and Fittings over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

1.12 Retirement benefits

The charitable company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charitable company. The annual contributions payable are charged to the Statement of Financial Activities.

Until 31 March 2003 Methodist Local Preachers Mutual Aid Association (MLPMAA) operated a pension scheme providing benefits based on final pensionable pay as principal employer, with LWPHomes (formerly Mutual Aid Homes) as a participating employer. The entire scheme was made paid up on 31 March 2003. The employers are committed to paying monthly contributions to fund the deficit. From 1 April 2024 to 31 March 2025 the commitment was £189,896 per annum and from 1 April 2025 this increased to £200,948 per annum, increasing by 5.8% pa on 1 April every year until 1 June 2032. LWPHomes is committed to fund this payment (previously 90% of the total).

The current service cost of providing defined pension benefits in schemes operated by the charitable company is charged to salaries in the Statement of Financial Activities over the anticipated period of employment in accordance with recommendations made by independent qualified actuaries. The interest cost and the expected return on assets are shown as a net amount and reflected in the Statement of Financial Activities in a similar fashion. Actuarial gains and losses are recognised immediately within ‘net actuarial gains and losses’ on the face of the Statement of Financial Activities. A provision for the current defined benefit scheme pension fund deficit is made on the face of the balance sheet and the corresponding figure is shown as a separate component of the charitable company’s restricted funds.

The amounts charged to the Statement of Financial Activities for defined contribution schemes represent the contributions payable to the schemes in respect of the period.

1.13 Government grants

Government grants are recognisedatthe fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised asa liability.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

3 Donations and legacies

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		general			general
		2025	2025	2025	2024	2024	2024
		£	£	£	£	£	£
Donationsand Legacy	gifts	2,465 119,575	7,991 .	10,456 119,575	14,423 58,179	3,194 -	17,617 58,179
		122,040	7,991	130,031	72,602	3,194	75,796

4 Charitable activities

	Provision ofcare	Provision of
	homes	care homes
	2025	2024
	£	£
Resident Fees - Local Authority funding	662,761	520,862
Resident Fees - Private funding	2,468,498	2,424,445
RespiteCare	85,724	39,248
Ancillary trading income	241	1,068
	3,217,224	2,985,623

5 Investments

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Investment income
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Unrestricted Unrestricted
funds general funds
general
2025 2024
£ £
9,905 11,558
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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

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6 = Raising funds
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		Unrestricted	Unrestricted
		funds	funds
		general	general
		2025	2024
		£	£
	Fundraising and publicity
	Publicity	300	300
	Press advertising	6,069	5,476
	Website costs	484	428
	Fundraising and publicity	6,853	6,204
	Investment management	11,964	8,157
		18,817	14,361
7	Charitable activities
		Charitable	Charitable
		Expenditure	Expenditure
		2025	2024
		£	£
	Staffcosts	2,127,032	2,025,066
	Depreciation and impairment	189,754	178,846
	Operational costs	200,448	195,880
	Staffwelfare	15,065	11,430
	Recruitment costs	-	3,946
	Stafftraining	6,021	5,780
	Premises costs	174,298	125,497
	Insurance	53,519	47,576
	Repairs	54,087	52,849
	Telephone	14,084	13,313
	Board and committee expenses	2,829	5,294
	Communication and computer costs	21,631	43,444
	Maintenance contracts	56,278	58,228
	Other charitable expenditure	55,923	57,065
		2,970,969	2,824,214
	Share ofgovernance costs (see note 8)	137,270	124,285
		3,108,239	2,948,499

45:

THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

7 Charitable activities

						2025	2024
						£	£
	Analysis byfund
	Unrestricted funds - general					3,093,263	2,937,642
	Unrestricted funds - designated					“	=
	Restricted funds					14,976	10,857
						3,108,239	2,948,499
8	Supportcosts
		Support costs	Governance costs	2025	Support costs	Governance costs	2024
		£	£	£	£	£	£
	Audit and accountancy
	fees	-	12,125	12,125	-	10,124	10,124
	Legal and professional
	fees	-	125,145	125,145	-	114,161	114,161
		-	137,270	137,270	-	124,285	124,285
	Analysed as
	Charitableactivities	-	137,270	137,270	.	124,285	124,185

Governance costs include payments to the auditors of £10,955 VAT included (2024 — £10,124 VAT included) for audit fees.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Out of pocket expenses totalling £2,888 (2024 — £4,987) were reimbursed to 3 trustees (2024 — 4 trustees) in relation to travel costs.

10 Employees

The average monthly number of employees during the year was:

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2025 2024
Number Number
Direct charitable work 91 86
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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Employmentcosts	2025	2024
	£	£
Wagesand salaries Social security costs	1,901,322 173,263	1,840,944 135,914
Otherpension costs	42,779	39,620
	2,117,364	2,016,478

There was 1 employee (2024: 1 employee) whose annual remuneration was £60,000 or more, falling in the range £80,000 - £85,000 (2024: £75,000 - £80,000).

Net gains/(losses) on investments

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2025	2024
			£	od
	Revaluation ofinvestments		59,084	82,394
12	Tangible fixed assets
		Freehold Land	Fixtures and	Total
		and Buildings	Fittings
		£	£	£
	Cost orvaluation
	At1September2024	5,114,393	777,485	5,891,878
	Additions	-	25,985	25,985
	At31 August2025	5,114,393	803,470	5,917,863
	Depreciation and impairment
	At 1 September2024	1,016,851	666,191	1,683,042
	Depreciation charged in the year	154,076	35,678	189,754
	At 31 August2025	1,170,927	701,869	1,872,796
	Carrying amount
	At31 August2025	3,943,466	101,601	4,045,067
	At31August2024	4,097,542	111,294	4,208,836

Land and buildings with a carrying amount of £4,201,507 were revalued at 31 August 2016 by Roger Millthrop Consulting Limited, Chartered Surveyors not connected with the charity on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. The management believe the carrying value of today’s date to be a fair reflection of the value as revalued by Roger Millthrop considering the additions and improvements made since that date.

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

12 Tangible fixed assets

At 31 August 2024, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £3,546,628 (2024 - £3,546,628).

13 Fixed asset investments

	Listed
	investments
	£
Cost orvaluation
At1September2024	686,554
Additions	*
Valuation changes Fees	62,985 (3,901)
At 31 August2025	745,638
Carryingamount
At 31 August2025	686,554
At31August2024	686,554

14	Stocks
		2025	2024
		£	£
	Consumables	5,820	6,735
15	Debtors
		2025	2024
	Amounts falling due within one year:	£	£
	Trade debtors	30,301	9,478
	Prepaymentsand accrued income	1,194	289
		31,495	9,767

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

16	Loans and overdrafts
			2025	2024
			£	£
	Bank loans		352,587	383,766
	Payable within one year		33,085	30,564
	Payable afterone year		319,502	353,202
	Amounts included abovewhich falldue afterfive years:
	Payable by instalments		158,286	200,050
17	Creditors: amounts falling due within one year
			2025	2024
		Notes	£	£
	Bank loans	16	33,085	30,564
	Othertaxation and social security		42,081	34,513
	Trade creditors		94,836	68,129
	Accruals and deferred income		31,651	22,111
			201,653	155,317
18	Creditors: amounts falling due aftermorethan oneyear
			2025	2024
		Notes	£	£
	Bankloans	16	319,502	353,202

The remaining long-term loan is secured by a fixed legal charge over Westerley Christian Care Home, The Broadway, Woodhall Spa, Lincolnshire.

19 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £39,620 (2023 — £36,845).

Defined benefit schemes (see below)

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THE LEADERS OF WORSHIP AND PREACHERS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

19 Retirement benefit schemes (continued)

Key assumptions

Key assumptionsassumptions
	2025	2024
	%	%
Discount rate	5.80%	4.89%
Expected rate ofincrease ofpensions in payment	3.04%	3.16%
RPI inflation rate	2,94%	3.04%
Pension increase in deferment	5.00%	5.00%
Mortalityassumptions
The assumed life expectations on retirement atage 60 are:
	2025	2024
	Years	Years
Retiring in20 years
- Males	87.2	87.0
- Females	89.8	89.8
Current pensioners
-Males	86.0	85.8
-Females	88.7	88.6
Amounts recognised in the profitand loss account:
	2025	2024
	£	=
Loss/(gain) on settlements	-	(71,000)
Net interest on defined benefit liability/(asset)	61,000	73,000
Remeasurements recognised in other comprehensive income:
	2025	2024
	£	£
Return onschemeassets excluding interest income	(287,000)	63,000
Effect ofchanges in assumptions gain/(loss)	401,000	(93,000)
Effect ofexperience adjustmentsgain/(loss)	115,000	(3,000)
Total remeasurement gain/(loss)	229,000	(33,000)
Theamounts included in thebalance sheetarisingfrom the charity's obligations
in respect ofdefined benefit plans are as follows:
	2025	2024
	£	£
Presentvalue ofdefined benefitobligations	4,040,000	4,496,000
Fairvalue ofplan assets	(3,066,000)	(3,159,000)
Deficitinscheme	974,000	1,337,000

aaa

THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

19 Retirement benefit schemes

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Movements|in|the|present|value|of defined|benefit|obligations:| |2025| |£| |Liabilities|at|1|September 2024|4,496,000| |Benefits|paid|(156,000)| |Effect|of changes|in|assumptions|(gain)/loss|(401,000)| |Effect|of experience|adjustments|(gain)/oss|(115,000)| |Interest|cost|216,000| |Past|service|cost|=| |At|31|August 2025|4,040,000| |The|defined|benefit|obligations|arise from|plans which|are|wholly|or partly|funded.|

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Movements in the fair value of plan assets:

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |2025| |£| |Fair value|of assets|at|1|September 2024|3,159,000| |Interest|income|155,000| |Return|on|plan|assets|(excluding|amounts|included|in|net|interest)|(287,000)| |Benefits|paid|(156,000)| |Contributions|by the|employer|195,000| |At 31|August|2025|3,066,000| |Reconciliation|of funded|position:| |2025|2024| |£|£| |Net defined|benefit|liability|at start|of period|(1,337,000)|(1,475,000)| |Expense|recognised|in|profit and|loss|(61,000)|(2,000)| |Gain/(loss)|recognised|in|other comprehensive|income|229,000|(33,000)| |Contributions made by|the|charity|195,000|173,000| |Net defined|benefit|liability|at the end|of the|period;|(974,000)|(1,337,000)| |The|fair value|of|plan|assets|at|the|reporting|period|end|was|as|follows:|

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||||||| |---|---|---|---|---|---| |2025|2024| |£|3| |Equity|instruments|426,000|372,000| |Equitylike|target|return|funds|937,000|-| |Absolute|return|bond funds|470,000|-| |Corporate|bonds|-|285,000| |Liability|Driven|Investments|769,000|1,630,000| |Cash|66,000|425,000| |Insured|pensioners|398,000|447,000| |3,066,000|3,159,000|

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THE LEADERS OF WORSHIP AND PREACHERS HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

20 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

			Movement	in funds
	Balanceat 1 September 2024	Incoming resources	Resourcesexpended		Transfers	Balanceat 31 August 2025
	£	£		£	£	£
Amenities—Minehead	12,787	3,135		(5,968)	650	10,604
Amenities—Westcliff	4,291	2,954		(5,357)	2,556	4,444
Amenities—Woodhall Spa	8,349	2,628		(3,650)	770	8,097
	25,427	8,717		(14,975)	3,976	23,145
The amenities relate to balances available to use foreach individual care home.
Analysis ofnetassets between funds
	Unrestricted funds	Designatedfunds		Restricted funds		Total
	2025		2025		2025	2025
	£		£		£	£
Fund balances at 31
August2025 are
Tangible assets	4,045,067		-		.	4,045,067
Investments	745,638		-		-	745,638
Current assets/(liabilities)	383,576		210,000	23,145		616,721
Long term liabilities	(319,502)		.		-	(319,502)
Provisionsand Pensions	-		(974,000)		-	(974,000)
	4,854,779		(764,000)	23,145		4,113,924
	Unrestricted funds	Designated funds		_Restricted funds		Total
	2024		2024		2024	2024
	£		£		£	£
Fund balances at 31
August 2024 are
Tangibleassets Investments	4,208,836 686,554		- -		. .	4208,836 686,554
Currentassets/(liabilities)	215,642		210,000	25,427		451,069
Long term liabilities	(353,202)		-		.	(353,202)
Provisions and Pensions	-		(1,337,000)		-	(1,337,000)
	4,757,830		(1,127,000)	25,427		3,656,257

21 Analysis of net assets between funds

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

22 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Movement|in|funds| |1|SeptemberBalance at|Incoming resources|Resources expended|Transfers|31|AugustBalance 2025 at| |2024| |£|=|£|£|£| |Capital|reserve|210,000|.|-|-|210,000| |Pension|reserve|(1,337,000)|168,478|.|194,522|(974,000)| |(1,127,000)|168,478|-|194,522|(764,000)|

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The capital reserve fund was created to fund future capital works at the homes.

23 Operating lease commitments At the reporting date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Within|one|year|8,642|7,190| |Between|two|and|five|years|25,774|22,220| |Over|five|years|1,295|2,438| |35,711|31,848| |24|Cash|generated|from|operations|2025|2024| |Surplus|for the|year|289,189|192,510| |Adjustments|for:| |Investment income|recognised|in|statement of financial|activities|(9,905)|(11,558)| |Fair value gains|and|losses|on|investments|(59,084)|(82,394)| |Depreciation|and|impairment of tangible|fixed|assets|189,754|178,846| |Pension|recovery cash|contributions|(194,522)|(173,386)| |Movements|in|working|capital:| |Decrease/(increase)|in|stocks|915|(280)| |(Increase)/decrease|in|debtors|(21,728)|4,520| |Increase/(decrease)|in|creditors|43,815|(32,357)| |Cash|generated from operations|238,434|75,901|

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THE LEADERS OF WORSHIP AND PREACHERS HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |25|Analysis|of changes|in|net funds/(debt)| |At|1|September|Cash|flows|At|31|August| |2024|2025| |£|£|£| |Cash|at bank and|in|hand|589, 884|191,175|781,059| |Loans|falling|due|within|one year|(30,564)|(2,521)|(33,085)| |Loans|falling|due|after more than|one year|(353,202)|33,700|(319,502)| |206,118|222,354|428,472| |26|Related|party|transactions| |There were|no|disclosable|related|party|transactions during|the|year.| |Remuneration|of key|management personnel| |The|remuneration|of key|management|personnel|is|as|follows.| |2025|2024| |£|£| |Aggregate compensation|82,096|77,862|

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Pia oe