COMPANY REGISTRATION NUMBER: 05524901 CHARITY REGISTRATION NUMBER: 1114508 Mosaic Church Limited Company Limited by Guarantee Unaudited Annual Report and Financlal statements 31 December 2024 HARRISON HOLT Chartered Accountants High Park Farm Kirkbymoorside York Y062 7HS
Mosaic Church Limited Company Limlted by Guarantee Annual Report and Flnanclal Statements Year ended 31 December 2024 Page Tru5tees' annual report lincorporoting the director'5 reportl Independent examiner's report to the trustees Stalement ol finoncial octivith'es linclvding income and expenditure account) 12 statement of financial position 13 Statement of cosh IIow5 14 Notes to the onnuol report ond finonciol statements 15
Mosaic Church Llmited Company Limlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) Year ended 31 December 2024 The trustees. who ore olso the directors lor the purposes of company law, present their report and the unaudited Annuol Report and Financial Statements of the chority lor the year ended 31 December 2024. Reference and admlnlstrallve detalls Reglstered charfty name Mosaic Church Limited Charlty reglstrollon number 1114508 Compony reglstrollon number 05524901 Prlnclpal offlce and feglstered 54 Bradforcl Road offlc• Stanningley Pudsey L528 6EF Thè trustees Emmo Chaldecoti Dr Raymond Holt Andrew Scopes Joel Tophom Mosolc Charlty Eldershlp Team Matt Hatch Dan Chadwick Bankers HSBC Bank plc. 62 Cross Gole Centre, Leeds. LSI 5 8EU Notwesl Bank plc, l Humber Quay5, Wallinglon Street, Hvll, HUI 28N Co-operative Bank plc.l Balloon Street. Manchester, M60 4EP Kinodom Bank Ltd, Medio House. Podge Rd, Beeston, Nollingham, NG9 2RS CAF Bank, 25 Kings Hill Ave. King5 Hill, West Malling. ME19 4JQ Company secretary A Scopes Independent exomlner Phillp Holt FCA, FCIE High Park Form Kirkbymoor5ide York YO62 7HS
Mosaic Church Limited Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Dlrector'5 Report) {conHnued) Year ended 31 December 2024 MOSAIC CHURCH Senlor Leodershlp team Matt Hotch Don Chodwick Rich Bradlev Honnah Peor50n Foye Simmons Tom Eaton Matt Jones (non slaffl lan Walker (non stofll South Gatherlng's Chlldren Worker Emily Swingler North Central Gatherlng's Children Worker Ellie Tee Youth Worker Emily Swngler CAP Debt centre manager Helen 8ollon (Until December 20241 Holbeck Oufreoch worker Matty Warden (Until August 20241 Web stte wfvw.mosoic-church.or .uk THE OAK Senlor Leadershlp team Eleo Dery Grahom French (non 5toffl Don Kinsley (non 5taffl Andrew Ryland |r)on staff I Matt Urolin (non stoffl (Unlil October 20241 Koty Lucas (non stoffl (Until December 20241 Chlldren's Famlly worker Lucy Munton Church and Bulldings Adminlstralor Ai Bowstead Mlsslonal Soclal Actlon Lead Will Munton Comrnunlty Outreach Lead Jack Carter (Until August 20241 Web $lte www.theookchurch.c
Mosaic Church Limited Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {¢onlinuedJ Year ended 31 December 2024 GRACE CITY Church Plant Leaders Chris Moson Liso Ma50n Web slte rac .co.uk LIVING HOPE Church Plant Leaders Jock Carter Mez Carter Web slte www.livin ho echurch.uk LEEDS SCHOOL OF THEOLOGY Dlrector David Horsfall Support Staff Theo Sheridan-watts Web slte .Leed5-sch0o1- f-t eolo OUR CATALYST HUB Leadershlp team Matt Hotch Chri5 Mason Abi Flavell John Flavell Andy Bramall IFrom Januory 20241 Dan Chodwick (From January 20241
Mosaic Church Limited Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) (conllnuèdj Year ended 31 December 2024 structvre, governonce and management Legal Status Mosoic Church Limited was incorporated os a compony (company number 055249011 on 2nd August 2005 and became a registered Charity on 2nd June 2006 Ichority number 11145081. The Chority's legol status is Mat ol a Company Limited by Guarontee ond is governed by the Company's Articles of Associotion. Governing document Memorondum ond Arlicles of Association incorporoted 2nd August 2005 as amended by 5peciol resolution doted 191h January 2006. The methods adopted lor the recrullmenl and appolntment of new trustees The Charity 15 governed by the Board of Trustee5. Boord vacancies are deolt with on a skills need bosis. The Elders nominole potential condidates ond the Boord submits advice to the Elders ofter a triol period. Finol confirmation is voled by the Eldership Team os sole Members of the Charity. Appointments may be terminated by the Elder5 Ot any time dvring an individuol trustee'5 term. The pollcles ond procedures adopted lor the Inductlon and tralnlng of trustees Access lo an information folder 15 given to oll new trustees which includes informotion obout the Charity. ils vision and purpose and copies of policie5. It includes the Memorandum ond Articles ol Association ond principles of good governance. It includes a description of the legal responsibilities of o trustee. The organlsatlonal structure of the Charfty and how declslons are made The trvstees meet regvlody to manage the Church's affairs. Meeting5 ore minuted and records kept indefinitely. The charity is divided into six major Mlnlstry Unlts: Mosaic Church. The Oak Church. Grace City Church plant. Living Hope Church Plant. Leeds School of Theology and Our Cotolyst Hub. These Minislry Units of the Charity are monoged on o doy-by-day bosis by the stolf teams and many volunteer personnel from the church congregations. Eoch Ministy Unit has a leadership team that oversees and carries the primary responsibility for the unit. reporting to the trustees directly and vio Ihe Operolions Teom. Each Unit plans, budgets and manoges its finances individually and presents them to the trustees lor approval. The Ministry Units and leadership teoms are as follows: Mosaic Church The Ook Church Grace City Living Hope Leeds School of Theology Our Colalyst Hub - Elders supported by Senior Leodership Teom - Senior Leadership Team Plant Leaders Plant Leoders Director and support stoff Leadership Team The Irustee5 of the Chaiity Ilisled on Page I I, who ore also directors of the company, ensure compliance with the churity's obligation under compony ond charity law and setlmonitor the solories and the contracllworking conditions of Ihe employees.
Mosaic Church Llmited Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (continued) Year ended 31 December 2024 structvre, governance and management (eonllnued) Bu$lness Relallonshlps The Trustees have had regard to the need to foster busin855 relationships wth Suppliers. customers and others. Rlsk Management The Iruslees regularly exomine the major strategic, business and operational risks which the charity laces ond confirm that systems hove been established and regular reports produced to miligate Ihe5e risks. Reserves Pollcy The Articles of Association outhorise the Trustees to make any investments they consider appropriate and to roise money with or without the security of the Trust Property. It is the policy of the Truslees to maintain unrestricted funds ot a level to ensure that all monagement and adminislrolive costs can be met for a reasonoble period of time. Accordingly, the Trustees have determined to generally hold reserves representing belween three and six months, management ond administrative costs lor eoch ministry unit. In total this approximates to £180,000 to £360,000. The Mosaic Church proportion ol this is £1 00,000 to £200.000 ond this is held in the Unrestricted General Fund. At 31 December 2024. the balance on that fund was £269,93912023.' £202,446). For the other ministry unit5 this forms part of their respective restricted or designated ILJnds ond is reviewed by the trvstees periodically. Eoch ministry unit holds sufficient reserves to comply with the reserves policy. Trustees Indemnlty Insurance There is no trustee indemnity insurance in ploce at the lime of thi5 report. Oblecllves and actlvlffes To odvonce Christianity in occordance wth the slatemenl of Faith contairned in the Appendix of Ihe Memorandum of Association in Leeds ond in such other part5 of the United Kingdom or the World as the trustees moy from lime to time think fit. To promote ond fulfil such other charilable purposes beneficial to the community in Leeds ond in such other parts ol the Uniled Kingdom or the Wortd as the trustee5 may from thme to time think fit. To relieve aged persons ond persons in conditions of need, hordship, sickne55 or di5tre5s arising there from whether in connection with housing or accommodation or shelter or ony other purpose (whether by way of loon gift the provision of occommodolion or sheller or in any other way) in Leeds and in such other parts of the United Kingdom orthe Wortd as the Iruslees may from lime to time think fil. dl To odvance educolion whether of children (above or below compulsory school age) or of adults.
Mosaic Church Llmited Company Llmlted by Guarantee Trustees, Annual Report {Incorporatlng the Dlrector's Report) (Connued} Year ended 31 December 2024 Objectlves and octfvitles (contlnued) Prlmary Actlvllles The choritable company exists primarily os o neOrk of chvrches and related ministries. os part of the New Fronliers network. It carries out typical activities of o Chiistian Church e.g. public worship. teaching & troining. proyer, projects ol o choritoble nature, the extension of the Christian faith in Leeds and beyond, Ihe spirituol and proctical support of other Christian churches ond its own congregation. Publlc Benefll The Trustees confirm that thay hove paid due regard lo the Charities Commission guidonce on public benefit when reviewing the Chority's purpose and vision ond in deciding which activities Ihe Chority should undertake. The Charity have engaged in services to the homeless., provision of counsel to Ihose in need., and has worked with externol agenci8s lor the development of communitie5 in the Holbeck area and city as a whole. The Chorily actively serves other churches acr055 the North of England ond h05 worked with many other churches across Leeds and the UK. We have directly suppor18d charitable Works in Leeds, Turkey, Lebanon, Egypt, New Zeolond ond Zambia. Grant mgklng F)ollcy The Truslees ensure that ony crilerio applied by Ihem to determine the eligibility ol gront recipients and to ensure compliance with the Chorily's objects and the public benelil. are reasonable, justifiable ond proportionote. With all grant applications received from individuo15, It is parl of the chorify's grant making procedure lo ensure thot the purposes to which the grants are utilised are.. choritoble ot law, ond fulfil the public benefit réquirements. Volunteers The Charily hos over 450 octive volunleers ond the Trustees are immensely grateful for their commitment to see how they support the charity in giving time, effort and support to all the causes we are involved in.
M05alc Church Limited Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) (conlnued) Year ended 31 December 2024 Achlevements and performance Mos ic Church All three gatherings have flourished in 2024. North Central has grown ils Sundoy ottendonce by (Jround IO%. Overall membership has risen from 604 people to 646 people. We continue to become more diverse. with mony different nationalities joining the church ond becoming involved in serving. mission gTOUPS ond leading. Ten people became Christian5 and we celebrated around 12 boplisms ocross the gotherings. We've delivered our 'Encounler' theme over the year. This included one preaching series. monthly Encounter nights, and a locus on Sunday ministry times We've continued to troin ond invest in people and leaders. We ran two successful leadership mornings, a Disciple-making course, a preaching course and a Disciple-making movements course. The Objectives primarily met by Mosoic Church ore Advancing Christianity. Promote Community, Relief of poverty and Education by our regular Sunday serrfice5. bigger events and supporling missionarie5 ond churche5 around the world. This tokes the form ol financial and volunteer support to mission agencie5 ond smoll groups stepping out in mission octivilies in their communities. The Oak The Oak Church hos continued to outwork ils objectives through Sunday church services and mid- week groups in Ihe community. including Proyer & worship, leodership development, a cofe for community connection and warm space, a parent ond pre-school children group, visiling the elderty, a youth clvb and a junior school age club, an Easter event and Christmas events. There have bèen regvlor Alpho courses to help those exploring the Christian foilh and projects to provide food and fun opportunities lor some of the fomilies in the areo most in need. Other initiotives hove included doily bible study encovragement and giving into the work of the Cotalyst family of churches, supporting the Newday youth and Cotolyst festiva15. along with exploring opportunities lor international mi55ion through ovr connections in Indio. It hos been a joy to See people come lo faith and gel baplised. During 2024 0 major project was to plan for and establish o new church plant into Eosl Leeds, led by a team from The Oak. and supported by the church. exponding the reach ol the church into other communities in the city. The beginnings of this project hove been successful and we are hopeful for growth as we heod into 2025. Looking forward to 2025, much of this work will continue as we seek to reach out to the communitie5 around us with the love of Jesus. The Objeclives primorily met by the Ook are Advancing Christianity, Promote Community, Relief of poverty ond Education by our regular Sunday services. bigger events and supporting missionaries ond churches around the world.
Mosaic Church Limlted Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) {¢onllnued) Year ended 31 December 2024 Achlevements and performonce (conlinued) Grace Grace City, launched in Autumn 2021, continue5 to sepie communilies locally through simple ocls of service to make disciples in their own neighbourhoods. The team troin and coach others in the UK and overseas in making disciples who make disciples. The Objeclives primarily met by Grace City are Advar)cing Christianity and Promote Community. Livin Living Hope Church wos launched in September 2024 ond has a vision to love God, His Church and the people of East Leeds. Since lounching the Church we have been establishing our values and culture. Thi5 hos included being a visible presence in the area, loving the people of East Leeds and being bold ond intentionol in telling people oboul Jesus. The Objectives primorily met by Living Hope are Advcncing Christianity ond Promote Community School of Th olo LSOT In 2024, alongside our usvol courses, we ran three svccessful one-doy conferences and o short course on discipleship. These brought in Some odditional income alongside another satisfactory recruitment for Ihe Nighlschool course. These extro conferences helped roised the profile ot the School to polenliol new students. Fincjncially, the result ol these extra ollerings and the Nightschool recruilment mean we ended 2024 with o smoll surplus which brought our reserve balance up to o level which would cover three mornlhs. iunning costs. This 15 o good position for us to be in after o few years ol finoncial instability. Looking ahead to 2025, the hope is that we would hove onother sotisloctory round of recruilment to our various courses and we would run some more one day conferences 10 Supplement our income. The Objective primorily met by Leeds School of Theology is Educotion by its multiple course5. Our Catcfl st Hub The Catalyst Hubs vision is supporting and growing churches in the network and encouraging church planting. Matt Hatch continued lo support chvrch leaders in the UK and beyond, ond was able to travel to New Zeolond to encourage the churches there in a period of transition. Ourannuol Love:Nations conferencew05 held ond encouroged many to developa heort forglobal and local mission. The Objeclive5 primorily met by ovr Cotalyst Hub is advancing Chris*ionity. eralion am The core functions of all ministry vnits are supported centrally by cn operations team which consists of Gayle Goldsmith 05 Operations Mor)ager responsible for HR, Policy & Compliance and Helen Bolton as Finonce Monoger. Both ore assisted by Poula Riess and Rhione Hor5foll who cover Administration ond Events.
Mosaic Church Limited Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Director'5 Report) {¢onllnued) Year ended 31 December 2024 Flnanclal revlew Results The results for the year and the Chority's financial position at the end ol the year are shown in the attoched financiol statements. Revlew of Flnanclal Actlvltles Income lor the general running ol the Charity during the period continues to come primarily from donotions of members and other privote individuals. Income to general funds increased by around 10.61.. Income to restricted fund5 reduced by 2.1% moinly due to some time-limiled outreach projects coming lo an end. Expendilvre from the generol fund relates to the nomal running costs inclvding= solories and expenses of the employees. venue hire. training, support costs and office. Costs during the yeor were well controlled. The overall result wos a significant surplus on general funds before transfers to other funds, and o deficit on restricted funds, mainly due to the planned spending of occumulated reserves on special outreach Projects which had been funded by special offerings in prior years. The Charity makes a practice ol giving to other choritoble bodies whose aims ore consistent with the Charity's Objectives in the Memorondum of Association. Donations are a150 made to individuol5, including, but not restricted to participants of the church (this is normally in c05es of hordshipl. All such giving is consistent wilh the Memorandum of A550ciation. Charitoble giving is one of the largest items of expenditure ofter salaries ond venue hire. Transacllons and Flnanclal poslllon Voluntary income. including Gift Aid where appropriote. for the year amounted to £698,72712023- £692,890), with gifts of £10.50012023 - £11 ,9281 and grant funding totolling £20,95312023 - £4,150). Choritoble activities including training odmi55ions ond education generated £63.874 12023 £40,677). Investment income from bank deposits generated £19,921 12023 - £11.7081 Total income lor the Charity wos 2024- £813.97512023- £761,353). The totol expendilure on choritable actvIlIeS amounted to £718,130 12023 £705,476) wth governonce cost5 01 £2,61012023- £2.4801. The totol fixed assets ol the charity omounted to £304,28412023- £308,160). The totol reserves at the yeor end slond ot £953,13812023- £859,903). Slgnlllcant events that hove affected flnanclal performance and flnanclal posmon durlng Ihe perlod There were no Significant event5 that influenced Ihis year's financial performance. Prlnclpal lundlng sources und how they support key objectlves The Charity's principal funding source is its members giving to our work, 05 o direct expression of their commitment lo our objectives
Mosalc Church Llmited Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (conHnued) Year ended 31 December 2024 Plans lor future perlods Our main focus continue5 to be Christion mission, community support ond church planting in Leeds. the UK and over5ea5. In 2025. we will focus on encouraging encounler5 wilh God, conlinue lo look at ways lo grow our galherings, encourage a biblical approach to giving, educale through LSOT ond reach people through our many outreach programmes. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companie5 exemption. The Irustees, annual report was approved on 23 April 2025 and signed on behalf of the board of Iruslees by: Andrew Scopes Tnjstee io
Mosaic Church Limited Company Llmlted by Guarantee Independent Examiner's Report to the Trustees of Mosalc Church Limiled Year ended 31 December 2024 I report to Ihe trustees on my examinath'on of the Annuol Report and Finoncial Statements of Mosoic Church Limited I'the chority'l for the yeor ended 31 December 2024. Responslbllltles and bas1$ of report As the trustee5 of the company lond also it5 directors for the purposes of compony lawl you ore responsible lor the preparotion ol the Annuol Report and Financial Stotements in accordonce with the requirement5 of the Componies Act 20061'the 2006 Act'i. Hoving sat151ied myself thot Ihe occounts of the company are not required to be oudited under Part 16 of the 2006 Act and ore eligible for independent examinafion, I report in respect of my examinalion of the chority's accoLJnts as carried out under section 145 of the Chorities Act 2011 I'the 2011 Act'l. In catrying out my examination I hove followed the Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Independent examlner's statement Since the chority's gross income exceeded £250,000 your exominer must be a member of a body listed in section 145 of the 2011 Act. I confirm Ihol l am qualified lo undertoke the examinothon because l am a member of the Institute of Chortered Accountants in England and Woles IICAEWI, which is one of the listed bodie5. I hove completed my examinalion. I confirm that no motters have come to my attention in connection wilh the exominoh'on giving me couse to believe: accounling record5 were not kept in respect ol the charity as required by section 386 of the 2006 Act- or the Annual Report ond Financial Stotements do not occord with those record5', or the Annual Report and Financial Statements do not comply with the occounting requirements of Section 396 of the 2(K)6 Act othef than any requirement that the accounts give a 'true ond fair. view which is not o matter considered os part of on independent examinotion.. or the Annual Report and Financial Statements hove not been prepared in occordonce Wtth the methods ond principles of the Slotement of Recommended Proclice for accounting ond reporting by chorilies opplicable to chorities preparing their accounts in occordance with the Financial Reporting Standard applicable in the UK ond Republic of Ireland IFRS 1021. I have no concerns and have come across no olher matters in connection with the exomir)ation to which attention should be drawn in this report in order to enable a proper understonding of the ac unts to be rea hed. Philip Holt FCA, FCIE Independent Examiner High Pork Farm Kirkbymoorside York Y062 7HS
Mosaic Church Llmited Company Llmlted by Guarantee statement of Flnanclal Actlvltles (Includlng Income and expendlture account) Year ended 31 December 2024 2024 Restricted funds 2023 Unre5tricled funds Total funds Total funds Note Income and endowments Donations ond legacies Charitable octivities Investment income 519,491 60.969 16,202 210.688 2,905 3,719 730.179 63.874 19.921 708.968 40.677 11.708 Tolol Income 596.602 217,312 813,974 761.353 Expendltur• Expenditure on charitable octivilies Total expendltvre 481,509 239,230 720.739 707,956 481.509 239,230 720,739 707.956 Net Incomo 115.153 121,9181 93.235 53,397 Transfers between funds 129,8311 29.831 Net movement In funds 85.322 7.913 93,235 53,397 Reconclllatlon ol Ivnds Total funds brought forward Tolal tunds Carrled forward 457,787 402,116 859.903 806.506 543.109 410.029 953.138 859,903 The Statement of financial activities Includes oll gains and losse5 recognised in Ihe year. All income and expenditure derive from continuing aclivitie5. The notes on pages 15 to 33 form part ol these Annual Report and Flnanclal Slotements. 12
Mosalc Church Limlled Company Umlted by Guarantee Slatement of Flnanclal Positlon 31 December 2024 2024 2023 Note Flxed assets Tangible fixed ossels 17 304.284 308.160 Current assels Debtors Cash at bonk and in hond 18 23,731 762.626 14,937 681,837 786,357 696.774 Credltors: amount5 lalllng due wlthln one year Nel current assets 136,1981 750,159 134,3961 662,378 Total assels less current Ilabllttles 1,054.443 970,538 Credltors: amounts lalllng due after more thon one year Nel ossels 20 1101.3051 953,138 (110.6351 859,903 Funds oflhe charlty Restricled funds Unrestricted funds 410.029 543,109 402.116 457.787 Total charfty funds 23 953.138 859,903 For the year ending 31 December 2024 th& chorily was entitled to exemption from audil under 5eclion 477 of the Companies Act 2006 reloling to small companies. Directors, responsibilities.. The members have not required the company to obtoin on audit of ils Annual Report and Financial Statements for Ihe year in question in accordonce wilh section 476; The directors acknOedge their responsibilities for complying with Ihe requirements of the Act with respect to accounling records and the preparation of Annual Report and Financial Slatemenls. These Annual Report and Financiol Stalemenls have been prepared in accordonce with the provisions applicable to companies subject to the small componies. regime. These Annual Report and Financial Statements were approved by the board ot trustees and authorised for issue on 23 April 2025. and are signed on behalf of the boord by: Andrew Scopes Truslee The noles on pages 15 to 33 lorm part ol these Annual Report ond Flnanclal Statements. 13
Mosaic Church Limited Company Llmited by Guarantee Slatement of Cosh Flows Year ended 31 December 2024 2024 2023 Note 25 Cosh generated from operations 83,777 50,21 Interest paid Interest received 18.3281 19,?21 8,1911 11,708 Net cash from operating activities 95,370 53.728 Cash flows from Inve$tlng acllvltles Purchase of tangible asset5 Net cosh used in investing activities 15,2511 15,2511 12,1811 Cosh flows from Ilnanclng ocllvltles Repayments of borrowings Net cash used in finoncing oclivities 19.3301 19.3301 19.1241 19.1241 Nel Increase In cash and cosh equlvalenls Cash and cash equlvolenls al beglnnlng of year Cash and cash equlvalent$ at end of year 80,789 681.837 42,423 639,414 762,626 681.837 The notes on pages 15 10 33 form port of Ihese Annual Report and Flnanclal Stalements. 14
Mosaic Church Limited Company Llmited by Guarantee Notes to Ihe Annual Report and Financlal Statements Year ended 31 December 2024 General Informatlon The charity is a public benefit entity and o private company limitèd by guafantee. registered in Englond and Wole5 and o registered chority in Englond and Wales. The address ol the regislered office is 54 Brodford Rood, Stanningley, Puds8y, L528 6EF. statement of compllanee The linonciol statements have bèèn prepared in occordance with Accounling ond Reporting by Charities.. Stotement of Recommended Proctice opplicoble to chorities preparing their occoun15 in occordance wilh the Finonciol Reporting Slondord opplicoble in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard opplicable in the United Kingdom ond Republic of Ireland IFRS 1021, the Chorilies Act 201 l. Ihe Companies Act 2006 and UK Generally Accepled Accounting Proctice. Mosoic Church Limited constitutes a public benefit entity as defined by FRS 102. The significonl occounling policies applied In the preparation of these financial slotement5 ore Set out below. These policies have been consistently applied to all years presented unless otherwise stoled. Accountlng pollcles Basls of preparatlon The linonciol slotements have been prepared on the historicol cost bosis. The linonciol stotements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £1. Golng concern The financial statements have been prepored on a going concern basis os the trustees believe that no moteriol unceftaintie5 exist. The trustees hove considered the level of funds held ond the expected level of income ond expenditure for 12 month5 from oulhorising these linonciol statements. The budgeted income and expernditure 15 Sufficient with the level of reserves lor the chorily to b8 able to continue as a going concem. Judgements and key sour¢es of estlmatlon uncertalnty The preporolion of Ihe financial statemen15 requires monagemenl to moke judgements. eslimoles and a55umptions Ihat oflecl the amounls reported. These estimates and judgements are continuolly reviewed ond are based on experience and other factors. including expectations of lulure evenls that ore believed to be reasonable under the circumstonces. Accounting estimates ond assumph'ons are made concerning the future and, by their nature, will rorely equal the reloled actual outcome. There ore no key assumptions and other sources of estimotion uncerlointy thot hove a signilicont risk ol causing a malerial adjustment to the corying amounts of assets and liabilities within the next financial year. 15
Mosalc Church Llmlted Company Limlted by Guarantee Notes to Ihe Annual Report and Flnanclal Statements (¢onllnued) Year ended 31 December 2024 Accounllng pollcles (conllnuedj Income tax M0501c Church Limited is on exempt charily within the meaning of schedule 3 of the Charities Act 2011 and is considered to POS5 the tests set out in Parogroph I Schedule 6 Finance Act 2010 ond therefore it meets the definition of a charitable compony for UK corporation tax purposes. Fund occounllng Unrestricted funds are ovoilable for use at Ihe discrelion ol the tru5tee5 lo further any of the chority'5 purposes. Designated funds are unrestricted funds earmarked by the tfustees for particular futvre projects or commitments. Restricted funds ore subjected to restrictions on their expenditure declared by the donor or through the terms of orn oppeol. ond fall into one of two sub-classes.. restricted income funds or endowment fvnds. The Charity does not have any Endowment Funds. Incomlng resources All incoming resources are included in Ihe stotement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefit5 associated with the transaction will flow to the chorily ond the omount con be reliably meosured. The followng specific policies ore applied to particular cotegories of income.. income from donations or gronts is recogni5ed when there is evidonce of entitlement lo the gift, receipt is proboble and it5 amount con be meosured reliobly. legacy income is recogni5ed when receipt is probable and entillement is established. income from donoled goods is measured ot the fair volve of the goods unless this is improcticol to measure reliably, in which case the value is derived from the cost to the donor or Ihe estimoted resale value. Donoted focililies ond services are recognised in the account5 when received if the volue can be reliobly measured. No amounts are included for the contribution of general volunteers. ncome from contracts for the supply ol seNices is recognised with the delivery ot the controcted Service. This is classified os unrestricted funds unless there is a controctvol requiremenl for it to be spent on a porticular purpose and returned if unspent. in which case it moy be regarded 05 restricted. 16
Mosaic Church Llmited Company Llmited by Guarantee Notes to the Annual Report and Flnancial Statements (continuedj Year ended 31 December 2024 AccovnHng pollcles (conllnued) Resource$ expended Expenditure is recogni5ed on an occruals bosis as a liability is incurred. Expenditure includes ony VAT which cannot be fully recovered. and is clcssifsed under headings of the statemenl of financial actt"vities to which it relates.. expendilure on raising fund5 include5 the costs ol all fundroi5ing octivithe5, events, non- charitoble troding activities, and the sale ol donated goods. expenditure on choritoble activities includes all cosls incurred by a chority in undertaking activitie5 that further its charitable aims for the benefit of its beneficiories, including those 5UPPOrt costs and costs relating to the governance of the charity opporlioned to charilable oclivities. other expenditure includes all expenditure thot is neilher reloted to raising funds for the charity nor part of its oxpenditure on choritable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct cosls ottributable to a single activity are ollocated directly to that activily. Shored costs ore apportioned between the oclivities they contribute to on a reasonoble, jusliliable ond consistent bosis. Operatlng leases Lease payment5 ore recognised as on expense over the lease term on o stroighl-line basis. The oggregote benefil of lease incentives is recognised as a reduction lo expense over the lease term, on o slroight-line b05I5. Tangible 055ets Tangible assets are initiolly recorded at cost, and subsequenlly stated at cost less ony accumuloted depreciation and impairment losses. Any tongible a55et5 carried ot revalued amounts are recorded at the foir value at the dote of revalualion le55 ony subsequent accumuloted depreciotion and svbsequenl occumulated impoirment1055es. An increose in the corying amount of on asset os a result of o revaluotion. is recognised in other recogni5ed gains and losses. unless it reverses a charge for impoirment thot hos previously been recognised os expendilvre Mrithin the stotement of financial activities. A decrease in the corying amount ol on asset os o result of revaluolion. is recognised in other recognised gain5 and losses. except to which it offset5 any previous revalvotion gain, in which case the loss is shown within other recognised gains and losses on the statement ol financiol activities. Depreciotion Depreciotion is calculaled 50 OS to write off the c05t or valuotion of an asset. less its residual value, over the useful economic life of thot asset os follows: Fixtures and fittings Equipment 20% or 25% straight line 33% straight line 17
Mosaic Church Llmlted Company Llmlted by Guarantee Notes to the Annual Report and Flnonclal Statements (conllnued) Year ended 31 December 2024 Accountlng pollcles (conllnued) Impalrmenl ol flxed assets A review for indicotors of impairment is corried oul at each reporting date, with the recovwoble amount being estimated where such indicators exist. Where the carying value exceeds the recoveroble amount, the asset is impaired accordingly. Prior impairments ore also reviewed for possible reversal ot eoch reporting date. For the purposes ol impairment testing. when it is not possible to estimate the recoverable omount of an individuol 05sel, on estimate is made of the recoverable amovnt of Ihe cosh- generating unil to which the asset belongs. The cosh-generating vnit is the smallest idenlifioble group of assets that includes the asset and generotes cash inflows that largely independent of the cash inflows from other 055ets or groups ol assels. For impairment testing of goodwll. the goodwill acquired in o business combinotion is. from the acquisition dote, allocoted to each of the cash-generotir)g units thot are expected to benefit from Ihe synergies of the combinolion, irrespective of whether other assets or liobilitie5 of the charity are assigned lo those units. Debtors and credltors recelvable I poyable wlthln one year Debtors and creditors wlh no slated interest rate and receivoble or payable within one year are recorded ot transoc*ion price. Any losses arising from impoiment are recognised in expenditure. Loans and borrowlngs Loon5 ond boong5 are initially recognised al the tronsaction price includirlg transaction costs. Subsequently, they are measured at omortised cost using the effective interest rate method, less impoirment. If on arrangement consth'tute5 a finance transaclion it is measured at present value. 18
Mosalc Church Limited Company Limlted by Guarantee Notes to the Annual Report and Flnanclal Statements {conllnu•d) Year ended 31 December 2024 Accounllng pollcles (conllnvedj Flnanclal Instruments The Chority only has financial assels and financiol liabilities of a kind that qualify os basic financial instruments. A financial asset or a financiol licbility is recognised only when the entity becomes a party lo the contractual provisions of the instrument. Basic financiol in51rumenls are initially recognised at Ihe amount receivable or payable including ony related transaction costs. unless the orrangement con5li1ules o financing transoclion, where it is recognised at the present value of the future poyments discounted at o market rate of interest for o similor debt inslrument. Current assets and current liabilities are subsequently measvred at the cash or other considerotion expected to be poid or recèived ond not discounted. Debt instruments ore 5ubsequen*ly measured ot arnortised cost. Finoncial ossets thol are me05ured at cost or amorti5ed c05t are revlewed for objective evidence of impairment at the end of each reportir)g date. If there is objective evidence ol impoirment. an impairmenl loss is recognised under the appropriate heading in the stotement of finonciol activities in which the initiol gain was recognised. Defined contribvllon plans Contributions to defined contribution plons are recognised os an expense in the period in which the related service is provided. Prepaid contribulions are recognised os an asset to the exlent that the prepayment will leod to o reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of Ihe reporting dote in which the employees render the reloted service. the liability is measured on a discounted present volue b0515. The unwinding of the discount is recogni5ed os on expense n the period in which it orises. Llmlled by guaranteo Mosaic Church Limited is a charitable company limited by guorantee and occordingly does not have o share copital. The Eldership Team are the sole members ol the company limited by guarantee. Every member of the company Undertakes to contribute such amount as moy be required not exceeding £1 to the 055ets of the company in the event of its being wound up while he or She is a member. or within one year after he or sh6 ceases to be a member. 19
Mosalc Church Limited Company Llmlted by Guarantee Notes to the Annual Report and Flnanclal Statements (¢onrfnuedJ Year ended 31 December 2024 Donatlons and legacles Unrestricted Fvnds Restricled Total Punds Funds 2024 Donallons Individuals Other churches Limited companies Gift Aid 407.178 3,460 140,210 24,940 547,388 28,400 93.426 29,512 122.938 Glfts st. Hild College Catalyst Central CP Grant The Journey Church 5,000 5,500 5.5 Grants Leeds Christian Community Trust The ASDA Foundation Benefoct Trusf Limited Pudsey Community Project The Liz and Terry Bromall Foundation The Community Fund Governmenl Employment Allowances 750 750 1.203 3,573 1.203 19.000 15.427 519,491 210,688 730.179 Unrestricted Fund5 Restricted Total Fund5 Funds 2023 Donaffons Individuals other churches Limited componies Gift Aid 391.449 148.818 18,600 3,500 33.987 540,267 18.600 3.500 130.523 96,536 Gifts St. Hild College Catalyst Centrol CP Granl The Journey Church 550 550 11,378 11,378 Grants Leed5 Christian Community Trust The ASDA Foundation Benefact Trusl Limited Pudsey Community Project The Liz and Tery 8romall Foundation The Community Fund Government Employment Allowances I.OCK) 400 750 750 2,000 488,535 220,433 708,968 20
Mosaic Church Llmlted Company Llmlted by Guarantee Noles to the Annual Report and Flnancial Statements (conHnued) Year ended 31 December 2024 Charltable actlvltles Unrestricted Funds Restricted Total Fvnds Funds 2024 Leed5 School of Theology Activitie5 and Projects 44,728 16.241 44.728 19,146 2,905 60.969 2,905 63.874 Unrestricted Funds Restricted Totol Funds Fund5 2023 Leeds School of Theology Activilies and Projects 36,624 4,053 36,624 4.053 40.677 40,677 Investment Income Unrestricted Fvnds Restricted Total Funds Funds 2024 Interest eorned on bonk deposils 16,202 3.719 19,921 Unrestricted Funds Restricted Total Funds Funds 2023 Interest earned on bank deposits 10.057 1.651 11,708 21
Mosalc Church Limited Company Llmlted by Guarantee Notes to the Annual Report and Flnonclal Statement5 (conllnued) Year ended 31 December 2024 Expendlture on charltable o¢tlvllles by fund type Unreslricted Funds Restricled Total Funds Furnds 2024 Advance Christianity- Mosoic Church Advance Chri5tionity- Ook Church Advance chris1ionity- Groce City ChLJrch Advance Chri5tionify- Catalyst Hub Advance Chrish'anity- Livin9 Hope Church Promote Commvnity Protect People Advance Educotion Support Costs 425.301 16.876 135,877 8.816 43,577 7,746 6,619 16,100 442,177 135,877 8.816 43,577 7,746 8,445 22,402 35,105 16.594 1,826 6,302 35.105 12,97S 3,619 481,509 239.230 720,739 Unrestiicted Funds Re5tricled Totol Funds Funds 2023 Advance Christianity- Mosaic Church Advance Christianity- Ook Church Advance Christianity- Groce City Church Advance Christianity- Catalysl Hub Advance Christionity- Living Hope Church Promole Community Protect People Advance Education Support costs 365,366 19,129 130,712 21.385 37.908 384,495 130,712 21,385 37.908 2.968 9,098 42,435 39.563 9.596 27,073 12,564 36.171 42.435 42.286 2.723 459,430 248,526 707,956 22
Mosaic Church Llmlted Company Llmlted by Guarantee Notes to the Annual Report and Flnanclal Statements (conllnued) Year ended 31 December 2024 Expendlture on charltable acllvltles by acttvlty type Activities undertaken directly Gront funding of activities Support Total funds costs 2024 Totol fvnd 2023 Advonce Christionily- Mosaic Church Advance Chri5tionily - Ook Church Advance ChristianSty- Grace City Church Advance Christianity- Cotalyst Hub Advance Christionily- Living Hope Church Promote Community Protect People Advance Education Governance costs 425,238 16.938 10,365 452,541 421.581 131,756 4.121 2,494 138,371 133,433 8,486 330 336 9.152 21,384 43,577 43,577 37,907 7,746 6,620 10,650 35,105 789 8,535 8,447 22,402 35,105 2.610 1,827 11,752 12,564 36,171 42.436 2,480 2,610 669,178 34,968 16,594 720,740 707.956 10. Anoly$lJ ol support costs LSvlng Grace Hope Govern City Mosoic Ook Church ance Chvrch Church Church Plant costs Total 2024 Total 2023 Premises General olllce Independent examination lee Insurcnce Office moving costs 18,180 12,561 336 8.082 2,494 789 11,701 2,610 2,610 2,283 2.480 2,316 6,749 2.283 336 10,365 2,494 789 2.610 16.594 42.286 23
Mosaic Church Llmlted Company Llmlted by Guarantee Notes to the Annual Report and Flnancial Statements (¢onllnL•ed) Year ended 31 December 2024 l l. Analysls of grants 2024 2023 Grants to In5titutlons Caloly5t Nefv/ork of Churches Holbeck Foodbank Kidz Klub Leeds LASSN Leeds Faith in schoo15 Open Doors UK Zambia Project Unreached People Groups Leeds Universities Christian Unions Locol Mission Newdoy Valencio Flood Victims 13,044 1,200 2,495 12,484 1.100 1,100 79 500 1,100 1,576 4.41JO 500 4,283 3,000 550 1.200 700 4,576 1.000 3,644 1,109 29.518 30,122 Gronls to IndSvldua15 50 Welfore grants 3 Hardship grants 4.160 1,290 3.172 1.050 5,450 4.222 Tolol gronts 34.968 34,344 12. Net Income Net income is stated ofter charging/lcreditingl.' 2024 2023 Depreciation of tangible lixed assets Operating leose rentals 9,127 9.620 12.336 13. Independent examlnatlon fees 2024 2023 Fees payable to the independenl examiner for. Independent examinotion of the Annual Report and Financial Slotements 2,610 2,480 24
Mosalc Church Limlted Company Llmlted by Guarantee Notes to the Annual Report and Flnanclal Statements fconttnutd) Year ended 31 December 2024 14. staff cOS The lolal stolf costs ond &mployee benefits lor the reporting period ore analysed as follows: 2024 2023 Wages ond salorie5 Sociol security costs Employer contributions to pension plon5 412,775 30,375 20,336 403.790 30,380 20,010 463,486 454,180 The averoge heod count of employee5 during the yeorwas 2212023.. 231. The avefoge number ol lull-lime equivalent employees during the year is anolysed as lollow5'. 2024 2023 No. No. Charitoble activities Monogement and odministrotion 13 No employee received employee benefits of more than £60.000 during the year12023: NIII, K•y Managernent P•rsonn•l Key management personnel include all persons that hove authofify and responsibility for planning, directing and controlling the oclivities ol the charlty. The totol compensotion paid to key monogement personnel lor servlces providéd to the chorfly wos £145,61912023'. £145,5011. 15. Trustee remuntrallon and expenses During the current and previous year, no remuneration oroth6r benefits from employment wlh the charity or a reloled entity were received by the trustees. During the current and previous year, no reimbursed expenses were paid to any trustees by the Charity or any related onlity. 25
Mosalc Church Limited Company Llmlted by Guarantee Notes to the Annual Report and Flnanclal Statements (eonllnued) Year ended 31 December 2024 16. TrOneT$ between lunds During the year. the Trustees mode tronslers between funds as follow5.. £15,000 from General Unrestricted funds to the Designoled building funds to continue building up a fund for a potential building purchase. £5,617 from General Unrestricted funds to the Designated Mosaic projects funds, to 5UPPOrt ongoing events ond projects. £1,000 from General Unrestricted funds to the Designated Church planting fund5, 10 5UPPOrt future new churches in the UK and overseas. £15,925 from General Unrestricted funds to Restricted Our Cotalyst Hub to 5UPPOrt Iheir work. £3,780 from Restricted Oak Church funds to Generol Unrestricted funds to support administration cost5. £16,900 from Generol Unrestricted funds to Restricted Oak Church funds lo contribute lo running c051s of Ihe building hosting Ihe Mosaic offices. £410 from Restricted Grace City Church to Restricted Our Catalyst Hub to support their work. £4.104 from Reslricted Ook Church to Restricted Our Catalysl Hub to support their work. £214 from Restricted hardship relief fund to Designated projecls fund to subsidise o parlicipanl al on event £I.000 from General Fund5 to Restricted Community Kitchen fund to support the work feeding people in south Leeds. £100 from the Restricted Our Calalyst Hub to Restricted Oak Church for the use of The Ook building for an evenl. £14.000 from the Reslricted Oak Church funds to Living Hope Church Planl to SUPPOrt the first year or two's running costs of Ihis new church plant. £5.954 from the Restricted Qur Catalyst Hub to VIng Hope Church Plont lo support the first year or two's running costs of this new church plant. £978 from the Restricted Job Club Restricted Outreach to support CAP clients in need. 17. Tonglble flxed assets Freehold Fixtures and property fittlngs Equipment Tolal C05t At l Januory 2024 Additions 295,023 25,354 27,033 5,251 347.410 5,251 At 31 December 2024 295,023 25,354 32.284 352,661 Depreclatlon At l Januory 2024 Charge for Ihe year At 31 December 2024 14.724 5,743 24,526 3.384 39,250 9,127 20,467 27.910 48.377 Carylng amount At 31 December 2024 295.023 4.887 4,374 304.284 At 31 December 2023 295,023 10.630 2,507 308,160 26
Mosalc Church Limited Company Limlted by Guarantee Notes to the Annual Report and Flnancial Statements (¢onttnuedJ Year ended 31 December 2024 18. Debtors 2024 2023 Prepoyments and accrved income Gift Aid recoverable 12,739 10,992 1,651 13.286 23,731 14,937 19. Credltors: amounts falllng dve wTthln one year 2024 2023 Bonk loon5 and overdrofts Accrua15 ond deferred income 9,900 26,298 9,900 24,496 36,198 34,396 20. Credltors: amounts falllng due after more than one year 2024 2023 Bank loon5 ond overdrafts 101.305 110,635 In June 2015, the Chorfty arronged a loan with Nalwost PIC for£185.000. Thi5 loan is secured on the Land & Building al 54 Bradford Road. Pudsey. LS28 6EF. During 2023 the Trustee5 renegotiated the terms of this loon and it is now repoyable on o copilal and interest bosss over 0 20-year period. The interest rote 15 2.04% above 8ose Rate, and the loon wll moture in JL*ne 2035. As at 31 December 2024, the balance outstanding amounted to £1 11,205. 21. Deferred Income 2024 2023 At l January 2024 Amount released lo income Amounl deferred in yeor At 31 December 2024 13.910 113,9101 15,180 16,740 116,7401 13,910 15,180 13.910 Deferred income arises on Thèology School income for COL•rses running in 202512023- course in 20241. 22. Pen$lons and other posl rellr•ment benefits Dèfined contrlbulSon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plan5 was £20.33612023'. £20.0101. 27
Mosaic Church Llmited Company Llmlted by Guarantee Notes to the Annual Report and Financlal Statements (conHnved) Year ended 31 December 2024 23. Analy5 of charftable lunds Unrestrlcted funds Ati Jonuary 2024 A131 December 2024 Income Expenditure Transfer5 General funds Mosaic Project5 Building Fund Church Planting Fund Leeds School ol Theology 202.446 9,565 210,318 31.555 533,614 18.320 1414,4591 124,0581 16.2831 12,0001 151,6621 5,831 15.000 269,939 9.658 219.035 30,555 3.903 44.728 134,7091 1481,5091 13,922 457.787 596,662 129,8311 543.109 At I Januory 2023 At31 December 2023 Income Expenditure Transfers General funds Mosaic Project5 Building Fund Church Planting Fund Leeds School of Theology 110,575 52,709 195.121 29,921 495,631 6,464 1401,3941 19,7971 15.8031 12.3661 139,8111 21.000 1.634 202,446 9.565 210.318 31.555 37.174 142,4361 1459,4301 9,165 3.903 388.326 539.269 110,3781 457,787 Mosalc Projects Fund - the monie5 in this fund relate to income forspecific projec15 and events orgonised and overseen by M05aic Irother than general income). Any surplus is held to support future projecls. Bulldlng Fund - the money in this fund relates lo designated gitt5 to be used in future for investments in buildings. Church Plantlng Fund- the transfers to thi5 fund, of money from our regular giving, are soved lo support church planls that arise in the future. Leeds School of Theology- Income generated by Ihe Theology School is held in a designatèd fund to SUPPOrt salaries and ongoing course cost5. The designoted funds are wholly represented by the Chority's cash reserves. 28
Mosalc Church Limited Company Llmited by Guarantee Noles to the Annual Report and Flnanclal Staternents (conHnvedJ Year ended 31 December 2024 23. Analysls of charltable lunds (conlinued) Restrlcted funds Ati January 2024 At31 December 2024 Income Expenditure Transfers Job Club Fund Leeds School of Theology The Oak Church The Oak Church Building The Oak- Heolthy Eating The Ook Connect Cofé Our Cotolyst Hub Fund Hardship Relief Fund The Ook- Bibles for "seekers" Grace City Church Mosaic Outreach Mosoic Community Kitchen Refugee Relief and Support Living Hope Church Plont 978 19781 307.292 151,587 1133,9961 14.8841 319.999 4,058 14,0581 13181 143,5771 14.0461 1.203 29.193 2.756 885 20,352 6.004 20,351 7.508 14.385 12141 250 5.719 7.249 250 26,134 4,695 29,977 30.681 19.1521 134.2131 14101 978 1.271 11.3361 1,000 935 19,355 18,5341 1239,2301 19,954 30,775 402.116 217,312 29,831 410.029 29
Mosaic Church Llmited Company Llmlted by Guarantee Notes to the Annual Report and Financial Statements (conllnv•d) Year ended 31 December 2024 23. Analysls of choTllable lunds (conllnued) Ati January 2023 At31 December 2023 Income Expenditure Transfers Job Club Fund Leeds School of Theology The Ook Church The Oak Church 8uilding The Ook- Healthy Eating The Ook Connecl Café Our Catalyst Hub Fund Hord5hip Relief Fund The Oak- Bibles for "Seekers" Groce City Church Mosaic Oulreoch Mosaic Community Kitchen Refugee Relief and Support Living Hope Church Plant 978 978 9.165 288,778 19,1651 16801 148.317 1129.1231 307,292 12,0(K)I 2,588 3.780 12.3101 4.058 16,447 8.733 21,990 2.388 137.9071 13,4251 19,821 11881 20,351 7,508 27,060 61.960 24.711 18.849 121,3841 150.1281 14101 29,977 30,681 471 918 1,000 1,271 1.131 418.180 222,084 1248.5261 10,378 402,116 30
Mosalc Church Limlted Company Limlted by Guarantee Notes to the Annual Report and Flnanclal Statements (eonllnued) Year ended 31 December 2024 23. Analy$ of charflable lunds (conNnu•d) Leeds School of Theology- During Ihe year, the Trvste85 determined thol the Leeds School of Theology ILSOTI Fund was nol a restricted fund. Accorcjingiy, the bolance on this lund was transferred to a designated LSOT fund. The Oak Church- donations given by members of, the Oak church ore held in a restricled fund to poy lor costs of the church. Gront5 reloled to buildings or projecls ot the Ook ore hekl in their own reslricled funds until they con be expended. The Oak Church Bulldlng - the monies in Ihis fund relate to grants rèceived and expended on building maintenance. The Oak . Healthy Eatlng - the monies in thi5 fund relate lo donotions ond grants speclficallv given for, and used by, The Oak Church's Health Eoting program. The Oak - Connect calé the monies in this fund relate to gronts specifically given for, and used by, The Oak Church's Connect café. Our Catalyst Hvb Churches within the Hub make donotion5 each year to support staff and other costs re manogement ond events, to focililote networking and Support for Hub churches based in the UK and overseas. Fund Ironsfer5 from Mosaic Church general fund, the Ook and Grace City and Living Hope reslricled funds a150 SUPPOrt this work. Hardshlp Rell•f - During the Covid-19 pandemic church members donated funds to be distribuled to others in financial hord5hip. occ05ionolly individuals will make donotions lo lh8 fund In support of other members of the church fomily. 8olances remain ond continue tc be distributed as needs orise. Groce Clty Church - Donolions from individuols support the ministry of Grace Clty Church. o church plant in Bradford. Mosalc Oulreoch - During 2022 M05aic church held a speclal offering appeal to support 3 new oulreoch projects, nomely CAP Debt, Holbeck Outreach & Prison Ministry and Youth Work. Each project employed a part-lime stofl member and incurs other costs. The majority of funds hod been expended by midway through 2024 and staff roles either ended or were obsorbed into Ihe core activi'ies of Mosoic Church. Other small outreach granls were received which will be expended during 2025. Mosalc Commvnlty Kltchen- Donations ore received to operate a community kilchen in south Leeds to support people struggling to liv8 on low incom8. Surplus funds ore carried forward lo be spent in the subsequent year. Relugee Rellef and 5upport- A grant was received in 2023 to provide practical support people to refugees from Ukraine ond Alghanislan. It wos fully expended in that yeor. Tho Oak - Blbles for seekers" A donolion wos received to purchase bibles to be distributed to individuals exploring the Christian faith. The bibles were purchased in early 2025 when the gront wlll be lully expended. Llvlng Hop• Church Plant- Donotions from individuals were received either via The Oak Church or direclly. 10 5UPPOrt the ministry of Living Hope. a new church plant In Ecst Leeds. Funds held ot the end 012024 will support the minislry during its fitsl lew years of operolion as it builds up its income base. 31
Mosalc Church Llmited Compony Limlted by Guarantee Notes to the Annual Report and Flnanclal Statements (conllnued) Year ended 31 December 2024 24. Analysls of net assels between funds Unrestricted Funds Restricled Total Funds Funds 2024 Tangible fixed assets Current ossels Creditors less thon l yeor Credilors greater than l year Net asiels 8,463 559,613 124,9671 2?5.822 226.744 111,2321 1101.3051 410,029 304,285 786,357 136,1991 1101,3051 953.138 543.109 Unreslricted Funds Restricted Total Fund5 Funds 2023 Tongible fixed 05sets Current ossets Creditors le55 than l year Creditors greater than l year Net assets 12.709 466,416 121.3381 295,451 230.358 113,0581 1110.6351 402,116 308,100 696,774 134,3961 (110,6351 859.903 457,787 25. Cosh generated from operotlons 2024 2023 Net income 93,235 53,397 Adjustment5 for.. Depreciation ol tangible fixèd assets Other inter6sI receivable ond similor income Interest payable and simllar charges Accrued expenseslllncomel Chonges in.. Tracle and other debtors Trade antj other creditors 9,127 119,9211 8,328 532 9.620 111,7081 8,191 18.5781 18.7941 1,270 2.119 12.8301 50.211 83.777 26. Analysls ol changes In n•t debl Al At l Jan 2024 Cash flows 31 Dec 2024 Cosh at bank and in hand Debl due within one year Debt due after one year 681,837 19.9001 1110,6351 561.302 80,789 762,626 19,9(K)I 1101.3051 651.421 9.330 90,119 32
Mosalc Church Llmited Company Limited by Guarantee Notes to the Annual Report and Financial Statements (conffnued) Year ended 31 December 2024 27. Related partles No payments were made to Director5 or ony persons connected with them during this financial period. No moterial transaclion took proce between the charity and o trustee or any person connected wilh them. Total amount of donotions received without condilions from Irustees or other relaled parties amounted to £26.63212023: £31,7131. 28. Comparulfve dlsclosures for th• slatem•nl ol Ilnanclal acllvlly 2023 Restricted funds Total funds Unrestricted funds Income and endowments Donations and legacies Charitable activities Inveslment income 488,535 40,677 10,057 220.433 708,968 40,677 11.708 1.651 Total Income 539,269 222,084 761,353 Expendlluie Expenditure on charitable activilies 459,430 248,526 707.956 Total expendSture 459.430 248.526 707.956 Net Income 79.839 126.4421 53.397 Transfers beeen funds 110,3781 10,378 Net movement In Ivnds 69.461 116.0641 53,397 Reconclllallon of lunds Tolol funds broughl forward Tolal funds carrled forward 388,326 418.180 806,506 457.787 402.116 859,903 33