**COMPANY REGISTRATION NUMBER: 05524901 CHARITY REGISTRATION NUMBER: 1114508**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Unaudited Annual Report and Financial Statements**
## **31 December 2025**
## **HARRISON HOLT**
Chartered Accountants High Park Farm Kirkbymoorside York YO62 7HS
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Annual Report and Financial Statements**
## **Year ended 31 December 2025**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**11**|
|Statement of financial activities (including income and expenditure||
|account)|**12**|
|Statement of financial position|**13**|
|Statement of cash flows|**14**|
|Notes to the annual report and financial statements|**15**|
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 December 2025**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited Annual Report and Financial Statements of the charity for the year ended 31 December 2025.
## **Reference and administrative details**
**Registered charity name** Mosaic Church Limited **Charity registration number** 1114508 **Company registration number** 05524901 **Principal office and registered** 54 Bradford Road **office** Stanningley Pudsey LS28 6EF **The trustees** Emma Chaldecott Dr Raymond Holt Andrew Scopes Joel Topham **Mosaic Charity Eldership Team** Matt Hatch Dan Chadwick **Bankers** HSBC Bank plc, 62 Cross Gate Centre, Leeds, LS15 8EU NatWest Bank plc,1 Humber Quays, Wallington Street, Hull, HU1 2BN Co-operative Bank plc, 1 Balloon Street, Manchester, M60 4EP Kingdom Bank Ltd, Media House, Padge Road, Beeston, Nottingham, NG9 2RS
CAF Bank, 25 Kings Hill Ave, Kings Hill, West Malling, ME19 4JQ
**Company secretary** Andrew Scopes **Independent examiner** Philip Holt FCA, FCIE High Park Farm Kirkbymoorside York YO62 7HS
**1**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
**MOSAIC CHURCH**
**Senior Leadership team** Dan Chadwick Faye Simmons Hannah Pearson Matt Hatch Rich Bradley Tom Eaton Ian Walker (non staff) Jonah Ulebor (non staff) Matt Jones (non staff) **South Gathering's Children** Emily Swingler **Worker North Central Gathering's** Ellie Tee **Children Worker Youth Worker** Emily Swingler **Web site** www.mosaic-church.org.uk **THE OAK Senior Leadership team** Elea Derry Lucy Munton (From March 2025) Will Munton (From March 2025) Andrew Ryland (non staff) (Until September 2025) Dan Kinsley (non staff) Graham French (non staff) **Children's Family** Lucy Munton
**Children's Family** Lucy Munton **worker Church and Buildings** Ali Bowstead **Administrator Missional Social Action** Will Munton **Lead Web site** www.theoakchurch.co.uk
**2**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
**GRACE CITY**
**Church Plant Leaders**
Chris Mason Lisa Mason
**Web site**
www.gracecity.co.uk
**LIVING HOPE**
**Church Plant Leaders**
**Web site LEEDS SCHOOL OF THEOLOGY Director Support Staff**
Jack Carter Mez Carter www.livinghopechurch.uk
David Horsfall (Until October 2025)
Theo Sheridan-Watts (Until October 2025)
**Web site** www.Leeds-school-of-theology.org
**OUR CATALYST HUB**
**Leadership team**
Abi Flavell Andy Bramall Chris Mason Dan Chadwick Hannah Pearson (From April 2025) John Flavell Matt Hatch
**Company secretary**
A Scopes
**Independent examiner** Philip Holt FCA, FCIE High Park Farm Kirkbymoorside York YO62 7HS
**3**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Structure, governance and management**
## **Legal Status**
Mosaic Church Limited was incorporated as a company (company number 05524901) on 2nd August 2005 and became a registered Charity on 2nd June 2006 (charity number 1114508). The Charity's legal status is that of a Company Limited by Guarantee and is governed by the Company's Articles of Association.
## **Governing document**
Memorandum and Articles of Association incorporated 2nd August 2005 as amended by special resolution dated 19th January 2006.
## **The methods adopted for the recruitment and appointment of new trustees**
The Charity is governed by the Board of Trustees. Board vacancies are dealt with on a skills need basis. The Elders nominate potential candidates and the Board submits advice to the Elders after a trial period. Final confirmation is voted by the Eldership Team as sole Members of the Charity. Appointments may be terminated by the Elders at any time during an individual trustee's term.
## **The policies and procedures adopted for the induction and training of trustees**
Access to an information folder is given to all new trustees which includes information about the Charity, its vision and purpose and copies of policies. It includes the Memorandum and Articles of Association and principles of good governance. It includes a description of the legal responsibilities of a trustee.
## **The organisational structure of the Charity and how decisions are made**
The trustees meet regularly to manage the Church's affairs. Meetings are minuted and records kept indefinitely.
The charity is divided into six major **Ministry Units:** Mosaic Church, The Oak Church, Grace City Church plant, Living Hope Church Plant, Leeds School of Theology and Our Catalyst Hub. These Ministry Units of the Charity are managed on a day-by-day basis by the staff teams and many volunteer personnel from the church congregations. Each Ministry Unit has a leadership team that oversees and carries the primary responsibility for the unit, reporting to the trustees directly and via the Operations Team. Each Unit plans, budgets and manages its finances individually and presents them to the trustees for approval. The Ministry Units and leadership teams are as follows:
|Mosaic Church|- Elders supported by Senior Leadership Team|
|---|---|
|The Oak Church|- Senior Leadership Team|
|Grace City|- Plant Leaders|
|Living Hope|- Plant Leaders|
|Leeds School of Theology|- Director and support staff|
|Our Catalyst Hub|- Leadership Team|
The trustees of the Charity (listed on Page 1), who are also directors of the company, ensure compliance with the charity's obligation under company and charity law and set/monitor the salaries and the contract/working conditions of the employees.
**4**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Structure, governance and management** _**(continued)**_
## **Business Relationships**
The Trustees have had regard to the need to foster business relationships with suppliers, customers and others.
## **Risk Management**
The trustees regularly examine the major strategic, business and operational risks which the charity faces and confirm that systems have been established and regular reports produced to mitigate these risks.
## **Reserves Policy**
The Articles of Association authorise the Trustees to make any investments they consider appropriate and to raise money with or without the security of the Trust Property. It is the policy of the Trustees to maintain unrestricted funds at a level to ensure that all management and administrative costs can be met for a reasonable period of time. Accordingly, the Trustees have determined to generally hold reserves representing between three and six months' management and administrative costs for each ministry unit. In total this approximates to £230,000 to £460,000. The Mosaic Church proportion of this is £120,000 to £240,000 and this is held in the Unrestricted General Fund. At 31 December 2025, the balance on that fund was £155,814 (2024: £269,939). For the other ministry units this forms part of their respective restricted or designated funds and is reviewed by the trustees periodically. Each ministry unit holds sufficient reserves to comply with the reserves policy.
## **Trustees indemnity insurance**
There is no trustee indemnity insurance in place at the time of this report.
## **Objectives and activities**
- a) To advance Christianity in accordance with the statement of Faith contained in the Appendix of the Memorandum of Association in Leeds and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit.
- b) To promote and fulfil such other charitable purposes beneficial to the community in Leeds and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit.
- c) To relieve aged persons and persons in conditions of need, hardship, sickness or distress arising there from whether in connection with housing or accommodation or shelter or any other purpose (whether by way of loan gift the provision of accommodation or shelter or in any other way) in Leeds and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit.
- d) To advance education whether of children (above or below compulsory school age) or of adults.
**5**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Objectives and activities** _**(continued)**_
## **Primary Activities**
The charitable company exists primarily as a network of churches and related ministries, as part of the New Frontiers network. It carries out typical activities of a Christian Church e.g. public worship, teaching & training, prayer, projects of a charitable nature, the extension of the Christian faith in Leeds and beyond, the spiritual and practical support of other Christian churches and its own congregation.
## **Public Benefit**
The Trustees confirm that they have paid due regard to the Charities Commission guidance on public benefit when reviewing the Charity's purpose and vision and in deciding which activities the Charity should undertake.
The Charity has engaged in services to the homeless; provision of counsel to those in need; and has worked with external agencies for the development of communities in the Holbeck area and city as a whole. The Charity actively serves other churches across the North of England and has worked with many other churches across Leeds and the UK. We have directly supported charitable works in Leeds, Turkey, Lebanon, Egypt, New Zealand and Zambia.
## **Grant making policy**
The Trustees ensure that any criteria applied by them to determine the eligibility of grant recipients and to ensure compliance with the Charity's objects and the public benefit, are reasonable, justifiable and proportionate.
With all grant applications received from individuals, it is part of the charity's grant making procedure to ensure that the purposes to which the grants are utilised are:
- charitable at law, and
- fulfil the public benefit requirements.
## **Volunteers**
The Charity has over 450 active volunteers and 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.
**6**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Achievements and performance**
## Mosaic Church
All three gatherings have flourished in 2025. Overall membership has risen from 646 to 668 people. We continue to become more diverse, with many different nationalities joining the church and becoming involved in serving, mission groups and leading. 13 people became Christians and we celebrated a similar number of baptisms across the gatherings.
We've delivered our 'Surrendered and Sent' theme over the year. This included one preaching series, monthly Encounter nights, and surrendered-and-sent weeks.
We've continued to train and invest in people and leaders. We ran two successful leadership mornings, a Disciple-making course and a Disciple-making movements course.
The Objectives primarily met by Mosaic Church are Advancing Christianity, Promote Community, Relief of poverty and Education by our regular Sunday services, bigger events and supporting missionaries and churches around the world. This takes the form of financial and volunteer support to mission agencies and small groups stepping out in mission activities in their communities.
## The Oak
The Oak Church has continued to outwork its objectives, with a clear focus on living in God's presence and living out His promises. This has been expressed through our Sunday gatherings and a wide range of mid-week activities rooted in the community. These have included prayer and worship gatherings, leadership development, a café offering connection and a warm space, a parent and pre-school children's group, the popular Who Let the Dads Out? Saturday group, visiting the elderly through home and care-home visits and services, a youth club and a junior school-age club, as well as Easter, Summer and Christmas events.
During 2025, we were also delighted to establish a new community group and a Christmas event in Swinnow. Regular Alpha courses have continued to support those exploring the Christian faith, alongside ongoing discipleship that has helped build strong and lasting foundations. Church community life has been further enriched through community and life groups, a church weekend, and men's and women's ministries. Additional initiatives have included a weekly WhatsApp Bible reflection, giving into the wider Catalyst family of churches, support for Newday Youth and Catalyst festivals, helping individuals in need through the care fund, and exploring opportunities for international mission through connections in India.
It has been a real joy to see people come to faith and be baptised, including many from our youth group who have chosen to follow Jesus and take this step of faith.
We have also celebrated alongside Living Hope Church (a team sent out to bless the east of Leeds in 2024) as they marked a year of growth and fruitfulness.
Looking ahead to 2026, these expressions of 'being the church' will continue, as we seek to love God, love His family, and love His world by reaching out to the communities around us with the love of Jesus.
The Objectives primarily met by the Oak are Advancing Christianity, Promote Community, Relief of poverty and Education by our regular Sunday services, bigger events and supporting missionaries and churches around the world.
**7**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Achievements and performance** _**(continued)**_
## Grace City
Grace City, launched in Autumn 2021, continues to serve communities locally through simple acts of service to make disciples in their own neighbourhoods. The team train and coach others in the UK and overseas in making disciples who make disciples.
The Objectives primarily met by Grace City are Advancing Christianity and Promote Community.
## Living Hope
Since launching in September 2024 Living Hope Church's vision has been to grow in relationship with Jesus and to show His love to those around us in East Leeds. Due to outgrowing the home where we met, we launched the church publicly in September 2025 into a building on the main street in Crossgates, which is a central hub within East Leeds. God is bringing people from various areas within East Leeds to call Living Hope Church their home, and we sense that there are key foundational years ahead. We continue to be a visible presence in the area with 'Out and About' and 'Come and See' Sundays being a regular fixture.
The Objectives primarily met by Living Hope are Advancing Christianity and Promote Community
## Leeds School of Theology (LSoT)
In 2025, LSoT completed another year of its Dayschool and Nightschool courses and, in addition, we ran two more successful one-day conferences on Isaiah and Ephesians. Over the life of the school, LSoT has served over 1000 students from 230 local churches. More than 150 of these have gone on into some form of ministry, including church planting, church leadership, preaching and teaching, and leading ministry areas. The legacy of the school will be felt for years to come in Leeds, the North of England and in the nations. Unfortunately, our income was not sufficient to enable the school to continue to function into the future, and we made the decision to wind the school up at the end of the year. We ended the calendar year with a budget surplus. This covered the redundancy costs for the two staff. The LSoT team wishes to thank the Mosaic Church leadership and trustees for their unwavering support since the school's inception in 2013. This has been a wonderful ministry to be involved with and will stay with the staff team for years to come.
The Objective primarily met by Leeds School of Theology is Education by its multiple courses.
## Our Catalyst Hub
The Catalyst Hubs' vision is to start and strengthen churches in the hub network. Matt Hatch continued to support church leaders in the UK and beyond, and was able to travel to New Zealand to encourage the churches there and aid some leadership transitions.
Our annual Love:Nations conference was held and encouraged many to develop a heart for global and local mission. We held a successful Hub overnighter in Hull attended by volunteer and staff leaders.
We have developed a Hub Team that helps Matt serve the churches across the hub.
The Objectives primarily met by our Catalyst Hub is advancing Christianity.
**8**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Achievements and performance** _**(continued)**_
## Operations Team
The core functions of all ministry units are supported centrally by an operations team which consists of Gayle Goldsmith as Operations Manager responsible for HR, Policy & Compliance and Helen Bolton as Finance Manager. Both are assisted by administration and events staff and volunteers.
## **Financial review**
## **Results**
The results for the year and the Charity's financial position at the end of the year are shown in the attached financial statements.
## **Review of Financial Activities**
Income for the general running of the Charity during the period continues to come primarily from donations of members and other private individuals. Income to general funds increased by around 1.3%, income to other unrestricted funds decreased by 5% as LSoT came to an end. Income to restricted funds increased by 58% mainly due to the appeal related to the purchase of the new Mosaic building. If this appeal income is excluded, restricted fund income increased by 8.8%.
Expenditure across all funds relates primarily to normal running costs including: salaries and expenses of the employees, venue hire, training, support costs and office. Following a significant surplus in 2024, the Trustees approved some changes to staff teams and their remuneration, as well as some other investment in resources, which resulted in costs increasing by 16.6%.
The overall result was a healthy surplus on both unrestricted funds and on restricted funds.
The Charity makes a practice of giving to other charitable bodies whose aims are consistent with the Charity's Objectives in the Memorandum of Association. Donations are also made to individuals, including, but not restricted to participants of the church (this is normally in cases of hardship). All such giving is consistent with the Memorandum of Association. Charitable giving is one of the largest items of expenditure after salaries and venue hire.
## **Transactions and Financial position**
Voluntary income, including Gift Aid where appropriate, for the year amounted to £839,816 (2024 - £698,727), with gifts of £5,000 (2024 - £10,500) and grant funding totalling £13,500 (2024 - £20,953). Charitable activities including training admissions and education generated £68,919 (2024 - £63,874). Trading income generated £3,315 (2024: £nil) and Investment income from bank deposits generated £13,527 (2024: £19,921). Total income for the Charity was £944,077 (2024 - £813,975).
The total expenditure on charitable activities amounted to £825,534 (2024 - £718,130) with governance costs of £2,290 (2024 - £2,610).
The total fixed assets of the charity amounted to £714,529 (2024 - £304,284). The total reserves at the year end stand at £1,069,391 (2024 - £953,138).
**9**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 31 December 2025**
## **Financial review** _**(continued)**_
## **Significant events that have affected financial performance and financial position during the period**
As noted earlier, during 2025 we closed the Leeds School of Theology and made the two staff redundant. This was a difficult decision but was needed because of low numbers of students registering in the last few years. All termination costs were covered by reserves from previous years and there is a small balance left to cover ongoing website costs for 2026 to enable us to retain the option of starting up again.
In September 2025 we purchased the old Beeston Methodist Church, a building which had been empty for several years and is in need of extensive renovation, which is expected to take 2 to 3 years to complete. We were able to finance the initial purchase price from our cash reserves. We have appointed a part-time project manager and initiated our first special appeal for donations. A major fundraising campaign begins in earnest in 2026. Once renovated the building will house a weekly Sunday gathering, midweek and weekend mission initiatives and various church-wide activities
There were no other significant events that influenced this year's financial performance.
## **Principal funding sources and how they support key objectives**
The Charity's principal funding source is its members giving to our work, as a direct expression of their commitment to our objectives
## **Plans for future periods**
Our main focus continues to be Christian mission, community support and church planting in Leeds, the UK and overseas. In 2026, we will focus on renovations of the church building we recently acquired, as well as encouraging encounters with God, continue to look at ways to grow our gatherings, encourage a biblical approach to giving and reach people through our many outreach programmes.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 13 May 2026 and signed on behalf of the board of trustees by:
## **ANDREW SCOPES**
Trustee
**10**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of Mosaic Church Limited**
## **Year ended 31 December 2025**
I report to the trustees on my examination of the Annual Report and Financial Statements of Mosaic Church Limited ('the charity') for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the Annual Report and Financial Statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the Annual Report and Financial Statements do not accord with those records; or
3. the Annual Report and Financial Statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the Annual Report and Financial Statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **PHILIP HOLT FCA, FCIE**
Independent Examiner
High Park Farm Kirkbymoorside York YO62 7HS
12 June 2026
**11**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 December 2025**
||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|532,441|325,875|858,316|730,180|
|Charitable activities|**6**|58,906|10,013|68,919|63,874|
|Other trading activities|**7**|–|3,315|3,315|–|
|Investment income|**8**|8,855|4,672|13,527|19,921|
|||---------------------------------|---------------------------------|---------------------------------|---------------------------------|
|**Total income**||600,202|343,875|944,077|813,975|
|||=================================|=================================|=================================|=================================|
|**Expenditure**||||||
|Expenditure on charitable activities|**9,10**|556,729|271,095|827,824|720,740|
|||---------------------------------|---------------------------------|---------------------------------|---------------------------------|
|**Total expenditure**||556,729|271,095|827,824|720,740|
|||=================================|=================================|=================================|=================================|
|||---------------------------------|---------------------------------|---------------------------------|---------------------------------|
|**Net income**||43,473|72,780|116,253|93,235|
|||=================================|=================================|=================================|=================================|
|Transfers between funds|**17**|34,926|(34,926)|–|–|
|||---------------------------------|---------------------------------|---------------------------------|---------------------------------|
|**Net movement in funds**||78,399|37,854|116,253|93,235|
|**Reconciliation of funds**||||||
|Total funds brought forward||543,109|410,029|953,138|859,903|
|||---------------------------------|---------------------------------|------------------------------------------|---------------------------------|
|**Total funds carried forward**|**25**|621,508|447,883|1,069,391|953,138|
|||=================================|=================================|==========================================|=================================|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 15 to 33 form part of these Annual Report and Financial Statements.**
**12**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **31 December 2025**
|**31 December 2025**||||
|---|---|---|---|
|||**2025**|2024|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**18**|714,529|304,284|
|**Current assets**||||
|Debtors|**19**|31,921|23,731|
|Cash at bank and in hand||438,088|762,626|
|||---------------------------------|---------------------------------|
|||470,009|786,357|
|**Creditors: amounts falling due within one year**|**20**|(26,055)|(36,198)|
|||---------------------------------|---------------------------------|
|**Net current assets**||443,954|750,159|
|||------------------------------------------|------------------------------------------|
|**Total assets less current liabilities**||1,158,483|1,054,443|
|**Creditors: amounts falling due after more than one year**|**21**|(89,092)|(101,305)|
|||------------------------------------------|------------------------------------------|
|**Net assets**||1,069,391|953,138|
|||==========================================|==========================================|
|**Funds of the charity**||||
|Restricted funds||447,883|410,029|
|Unrestricted funds||621,508|543,109|
|||------------------------------------------|---------------------------------|
|**Total charity funds**|**25**|1,069,391
==========================================|953,138
=================================|
For the year ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its Annual Report and Financial Statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of Annual Report and Financial Statements.
These Annual Report and Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These Annual Report and Financial Statements were approved by the board of trustees and authorised for issue on 13 May 2026, and are signed on behalf of the board by:
## **ANDREW SCOPES**
Trustee
**The notes on pages 15 to 33 form part of these Annual Report and Financial Statements.**
**13**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Statement of Cash Flows**
## **Year ended 31 December 2025**
|**Year ended 31 December 2025**||||
|---|---|---|---|
|||**2025**|2024|
||**Note**|**£**|£|
|Cash generated from operations|**27**|96,198|83,777|
|Interest paid||(6,768)|(8,328)|
|Interest received||13,527|19,921|
|||---------------------------------|----------------------------|
|Net cash from operating activities||102,957|95,370|
|||=================================|============================|
|**Cash flows from investing activities**||||
|Purchase of tangible assets||(417,058)|(5,251)|
|||---------------------------------|----------------------------|
|Net cash used in investing activities||(417,058)|(5,251)|
|||=================================|============================|
|**Cash flows from financing activities**||||
|Repayments of borrowings||(10,437)|(9,330)|
|||---------------------------------|----------------------------|
|Net cash used in financing activities||(10,437)|(9,330)|
|||=================================|============================|
|**Net (decrease)/increase in cash and cash equivalents**||(324,538)|80,789|
|**Cash and cash equivalents at beginning of year**||762,626|681,837|
|||---------------------------------|---------------------------------|
|**Cash and cash equivalents at end of year**||438,088|762,626|
|||=================================|=================================|
**The notes on pages 15 to 33 form part of these Annual Report and Financial Statements.**
**14**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements**
## **Year ended 31 December 2025**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 54 Bradford Road, Stanningley, Pudsey, LS28 6EF.
## **2. Statement of compliance**
The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Mosaic Church Limited constitutes a public benefit entity as defined by FRS 102.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £1.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
**15**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **3. Accounting policies** _**(continued)**_
## **Income tax**
Mosaic Church Limited is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. The Charity does not have any Endowment Funds.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
**16**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
**3. Accounting policies** _**(continued)**_
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|Fixtures and fittings|-|20% or 25% straight line|
|---|---|---|
|Equipment|-|33% straight line|
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
**17**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **3. Accounting policies** _**(continued)**_
## **Impairment of fixed assets** _**(continued)**_
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Government grants**
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Loans and borrowings**
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
**18**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **4. Limited by guarantee**
Mosaic Church Limited is a charitable company limited by guarantee and accordingly does not have a share capital. The Eldership Team are the sole members of the company limited by guarantee.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets 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 she ceases to be a member.
**19**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **5. Donations and legacies**
|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2025**|
|||£|£|**£**|
||**Donations**||||
||Individuals|427,102|233,969|661,071|
||Other churches|510|29,990|30,500|
||Gift Aid|97,293|50,952|148,245|
||**Gifts**||||
||Catalyst Central CP Grant|–|5,000|5,000|
||The Journey Church|–|–|–|
||**Grants**||||
||Pudsey Community Project|–|500|500|
||The Community Fund|–|–|–|
||Outreach Grant Received|–|2,500|2,500|
||Government grant income|7,536|2,964|10,500|
|||---------------------------------|---------------------------------|---------------------------------|
|||532,441|325,875|858,316|
|||=================================|=================================|=================================|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|£|£|
||**Donations**||||
||Individuals|407,178|140,210|547,389|
||Other churches|3,460|24,940|28,400|
||Gift Aid|93,426|29,512|122,938|
||**Gifts**||||
||Catalyst Central CP Grant|–|5,000|5,000|
||The Journey Church|–|5,500|5,500|
||**Grants**||||
||Pudsey Community Project|–|750|750|
||The Community Fund|–|1,203|1,203|
||Outreach Grant Received|–|–|–|
||Government grant income|15,427|3,573|19,000|
|||---------------------------------|---------------------------------|---------------------------------|
|||519,491|210,688|730,180|
|||=================================|=================================|=================================|
|**6.**|**Charitable activities**||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2025**|
|||£|£|**£**|
||Leeds School of Theology|31,852|–|31,852|
||Activities and Projects|27,054|10,013|37,067|
|||----------------------------|----------------------------|----------------------------|
|||58,906|10,013|68,919|
|||============================|============================|============================|
**20**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **6. Charitable activities** _**(continued)**_
||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2024|
||||£|£|£|
||Leeds School of Theology||44,728|–|44,728|
||Activities and Projects||16,241|2,905|19,146|
||||----------------------------|-----------------------|----------------------------|
||||60,969|2,905|63,874|
||||============================|=======================|============================|
|**7.**|**Other trading activities**|||||
|||Restricted|**Total Funds**|Restricted|Total Funds|
|||Funds|**2025**|Funds|2024|
|||£|**£**|£|£|
||Letting and licensing|3,315|3,315|–|–|
|||=======================|=======================|==============|==============|
|**8.**|**Investment income**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2025**|
||||£|£|**£**|
||Interest earned on bank deposits||8,855|4,672|13,527|
||||=======================|=======================|============================|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2024|
||||£|£|£|
||Interest earned on bank deposits||16,202|3,719|19,921|
||||============================|=======================|============================|
**21**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **9. Expenditure on charitable activities by fund type**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Advance Christianity - Mosaic Church|490,120|13,658|503,778|
|Advance Christianity - Oak Church|–|136,048|136,048|
|Advance Christianity - Grace City Church|–|13,175|13,175|
|Advance Christianity - Catalyst Hub|–|67,990|67,990|
|Promote Community|2,000|–|2,000|
|Protect People|7,413|9,018|16,431|
|Advance Education|43,878|–|43,878|
|Advance Christianity - Living Hope Church|–|26,327|26,327|
|Support costs|13,318|4,879|18,197|
||---------------------------------|---------------------------------|---------------------------------|
||556,729|271,095|827,824|
||=================================|=================================|=================================|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Advance Christianity - Mosaic Church|425,300|16,877|442,178|
|Advance Christianity - Oak Church|–|135,877|135,877|
|Advance Christianity - Grace City Church|–|8,816|8,816|
|Advance Christianity - Catalyst Hub|–|43,577|43,577|
|Promote Community|1,827|6,618|8,445|
|Protect People|6,302|16,100|22,402|
|Advance Education|35,105|–|35,105|
|Advance Christianity - Living Hope Church|–|7,746|7,746|
|Support costs|12,975|3,619|16,594|
||---------------------------------|---------------------------------|---------------------------------|
||481,509|239,230|720,740|
||=================================|=================================|=================================|
**22**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **10. Expenditure on charitable activities by activity type**
||Activities|Grant||||
|---|---|---|---|---|---|
||undertaken|funding of|Support|**Total funds**|Total fund|
||directly|activities|costs|**2025**|2024|
||£|£|£|**£**|£|
|Advance Christianity -||||||
|Mosaic Church|484,083|19,695|11,028|514,806|452,543|
|Advance Christianity -||||||
|Oak Church|133,212|2,836|2,721|138,769|138,371|
|Advance Christianity -||||||
|Grace City Church|10,973|2,202|261|13,436|9,152|
|Advance Christianity -||||||
|Catalyst Hub|67,990|–|–|67,990|43,577|
|Promote Community|–|2,000|–|2,000|8,445|
|Protect People|6,339|10,092|–|16,431|22,402|
|Advance Education|43,878|–|–|43,878|35,105|
|Advance Christianity -||||||
|Living Hope Church|26,047|280|1,897|28,224|8,535|
|Governance costs|–|–|2,290|2,290|2,610|
||---------------------------------|----------------------------|----------------------------|---------------------------------|---------------------------------|
||772,522|37,105|18,197|827,824|720,740|
||=================================|============================|============================|=================================|=================================|
|Included within governance costs were:||||||
|||||**2025**|2024|
|||||**£**|£|
|Governance costs - accountancy fees||||2,290
=======================|2,610
=======================|
## **11. Analysis of support costs**
|||||Living||||
|---|---|---|---|---|---|---|---|
||Grace|||Hope|Govern-|||
||City|Mosaic|Oak|Church|ance|||
||Church|Church|Church|Plant|costs|**Total 2025**|Total 2024|
||£|£|£|£|£|**£**|£|
|General office|261|8,703|
2,721|
1,897|
–|13,582|11,701|
|Independent||||||||
|examination fee|–|–|–|–|2,290|2,290|2,610|
|Insurance|–|2,325|
–|–|–|2,325|2,283|
||--------------|----------------------------|-----------------------|-----------------------|-----------------------|----------------------------|----------------------------|
||261|11,028|
2,721|
1,897|
2,290|18,197|16,594|
||==============|============================|=======================|=======================|=======================|============================|============================|
**23**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **12. Analysis of grants**
|||**2025**|2024|
|---|---|---|---|
|||**£**|£|
||**Grants to institutions**|||
||Catalyst Network of Churches|12,443|13,044|
||Holbeck Foodbank|1,200|1,200|
||Kidz Klub Leeds|2,850|2,495|
||LASSN|521|–|
||Leeds Faith in schools|1,100|550|
||Open Doors UK|1,100|1,200|
||Zambia Project|4,142|700|
||Unreached People Groups|3,782|4,576|
||Leeds Universities Christian Unions|1,000|1,000|
||Local Mission|6,288|3,644|
||Valencia Flood Victims|–|1,109|
|||----------------------------|----------------------------|
|||34,426|29,518|
||**Grants to individuals**|||
||5 Welfare and Hardship grants (2024 - 29)|2,679|5,450|
|||----------------------------|----------------------------|
||Total grants|37,105|34,968|
|||============================|============================|
|**13.**|**Net income**|||
||Net income is stated after charging/(crediting):|||
|||**2025**|2024|
|||**£**|£|
||Depreciation of tangible fixed assets|6,813|9,127|
|||=======================|=======================|
|**14.**|**Independent examination fees**|||
|||**2025**|2024|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the Annual Report and Financial|||
||Statements|2,290|2,610|
|||=======================|=======================|
|**15.**|**Staff costs**|||
||The total staff costs and employee benefits for the reporting period are analysed as follows:|||
|||**2025**|2024|
|||**£**|£|
||Wages and salaries|455,647|412,775|
||Social security costs|48,305|30,375|
||Employer contributions to pension plans|21,970|20,336|
|||---------------------------------|---------------------------------|
|||525,922|463,486|
|||=================================|=================================|
**24**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **15. Staff costs** _**(continued)**_
The average head count of employees during the year was 22 (2024: 22). The average number of full-time equivalent employees during the year is analysed as follows:
|number of full-time equivalent employees during the|year is analysed as follows:||
|---|---|---|
||**2025**|2024|
||**No.**|No.|
|Charitable activities|8|8|
|Management and administration|5|5|
||--------------|--------------|
||13|13|
||==============|==============|
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £154,752 (2024: £145,619).
## **16. Trustee remuneration and expenses**
During the current and previous year, no remuneration or other benefits from employment with the charity or a related 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 entity.
**25**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **17. Transfers between funds**
During the year, the Trustees made transfers between funds as follows:
- £136,415 from General Unrestricted funds to the Designated building funds to support the purchase of a church building.
- £6,920 from General Unrestricted funds to the Designated Mosaic projects funds, to support ongoing events and projects.
- £11,000 from General Unrestricted funds to the Designated Church multiplication funds, to support future new churches in the UK and overseas.
- £19,614 from General Unrestricted funds to Restricted Our Catalyst Hub to support their work.
- £17,020 from General Unrestricted funds to Restricted Oak Church funds to contribute to running costs of the building hosting the Mosaic offices.
- £4,600 from Restricted Oak Church funds to General Unrestricted funds to support administration costs.
- £1,000 from Restricted Our Catalyst Hub funds to General Unrestricted funds to support administration costs.
- £800 from Restricted Living Hope Church funds to General Unrestricted funds to support administration costs.
- £1,400 from designated LSoT funds to General Unrestricted funds to support administration costs.
- £400 from Restricted Grace City Church funds to General Unrestricted funds to support administration costs.
- £3,190 from Restricted Oak Church to Restricted Our Catalyst Hub to support their work.
- £50 from the Restricted Our Catalyst Hub to Restricted Oak Church for the use of The Oak building for an event.
- £300 from Restricted Grace City Church to Restricted Our Catalyst Hub to support their work.
- £1,000 from Restricted Living Hope to Restricted Our Catalyst Hub to support their work.
- £2,000 from Restricted Our Catalyst Hub to Restricted Living Hope Church to support their work.
- £64,760 from Restricted Mosaic Building to the Designated Building fund to mirror the capitalisation of professional fees and costs and the building purchase costs which were included in the freehold property additions.
**26**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **18. Tangible fixed assets**
|||Freehold|Fixtures and|||
|---|---|---|---|---|---|
|||property|fittings|Equipment|**Total**|
|||£|£|£|**£**|
||**Cost**|||||
||At 1 January 2025|295,022|25,354|32,284|352,660|
||Additions|412,260|3,500|1,298|417,058|
||Disposals|–|–|(1,609)|(1,609)|
|||---------------------------------|----------------------------|----------------------------|---------------------------------|
||**At 31 December 2025**|707,282|28,854|31,973|768,109|
|||=================================|============================|============================|=================================|
||**Depreciation**|||||
||At 1 January 2025|–|20,467|27,909|48,376|
||Charge for the year|–|4,014|2,799|6,813|
||Disposals|–|–|(1,609)|(1,609)|
|||---------------------------------|----------------------------|----------------------------|---------------------------------|
||**At 31 December 2025**|–|24,481|29,099|53,580|
|||=================================|============================|============================|=================================|
||**Carrying amount**|||||
||**At 31 December 2025**|707,282|4,373|2,874|714,529|
|||=================================|============================|============================|=================================|
||At 31 December 2024|295,022|4,887|4,375|304,284|
|||=================================|============================|============================|=================================|
|**19.**|**Debtors**|||||
|||||**2025**|2024|
|||||**£**|£|
||Prepayments and accrued income|||8,424|12,739|
||Gift Aid recoverable|||23,497|10,992|
|||||----------------------------|----------------------------|
|||||31,921|23,731|
|||||============================|============================|
|**20.**|**Creditors:** **amounts falling due within one year**|||||
|||||**2025**|2024|
|||||**£**|£|
||Bank loans and overdrafts|||11,676|9,900|
||Accruals and deferred income|||14,379|26,298|
|||||----------------------------|----------------------------|
|||||26,055|36,198|
|||||============================|============================|
|**21.**|**Creditors:** **amounts falling due after more than one year**|||||
|||||**2025**|2024|
|||||**£**|£|
||Bank loans and overdrafts|||89,092|101,305|
|||||============================|=================================|
In June 2015, the Charity arranged a loan with NatWest Plc for £185,000. This loan is secured on the Land & Building at 54 Bradford Road, Pudsey, LS28 6EF. During 2023 the Trustees renegotiated the terms of this loan and it is now repayable on a capital and interest basis over a 20-year period. The interest rate is 2.04% above Base Rate, and the loan will mature in June 2035. As at 31 December 2025, the total loan balance outstanding amounted to
**27**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **21. Creditors: amounts falling due after more than one year** _**(continued)**_
£100,768 (2024: £111,205).
## **22. Deferred income**
||**2025**|2024|
|---|---|---|
||**£**|£|
|At 1 January 2025|15,180|13,910|
|Amount released to income|(15,180)|(13,910)|
|Amount deferred in year|400|15,180|
||----------------------------|----------------------------|
|**At 31 December 2025**|400|15,180|
||============================|============================|
Deferred income arises on a grant made for the next year (2024 - Theology School courses in 2025).
## **23. Pensions and other post retirement benefits**
## **Defined contribution plans**
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £21,970 (2024: £20,336).
## **24. Government grants**
The amounts recognised in the Annual Report and Financial Statements for government grants are as follows:
||**2025**|2024|
|---|---|---|
||**£**|£|
|Recognised in income from donations and legacies:|||
|Government grants income|10,500|19,000|
||============================|============================|
**28**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **25. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||At 1||||**At 31**|
||January||||**December**|
||2025|Income|Expenditure|Transfers|**2025**|
||£|£|£|£|£|
|General funds|269,939|540,459|(471,815)|(182,769)|155,814|
|Mosaic Projects|9,658|27,564|(37,459)|6,920|6,683|
|Building Fund|219,035|–|(3,578)|201,175|416,632|
|Church Multiplication||||||
|Fund (formerly Church||||||
|Planting Fund)|30,555|–|–|11,000|41,555|
|Leeds School of||||||
|Theology|13,922|32,179|(43,877)|(1,400)|824|
||---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|
||543,109|600,202|(556,729)|34,926|621,508|
||=================================|=================================|=================================|=================================|=================================|
||At 1||||At 31|
||January||||December|
||2024|Income|Expenditure|Transfers|2024|
||£|£|£|£|£|
|General funds|202,446|533,614|(414,459)|(51,662)|269,939|
|Mosaic Projects|9,565|18,320|(24,058)|5,831|9,658|
|Building Fund|210,318|–|(6,283)|15,000|219,035|
|Church Multiplication||||||
|Fund (formerly Church||||||
|Planting Fund)|31,555|–|(2,000)|1,000|30,555|
|Leeds School of||||||
|Theology|3,903|44,728|(34,709)|–|13,922|
||---------------------------------|---------------------------------|---------------------------------|----------------------------|---------------------------------|
||457,787|596,662|(481,509)|(29,831)|543,109|
||=================================|=================================|=================================|============================|=================================|
**Mosaic Projects Fund** - the monies in this fund relate to income for specific projects and events organised and overseen by Mosaic (rather than general income). Any surplus is held to support future projects.
**Building Fund** - the money in this fund is related to designated gifts to be used in future for investments in buildings. During 2025, these funds were expended in purchasing the building in Beeston, Leeds.
**Church Multiplication Fund (Formerly called Church Planting Fund)** - the transfers to this fund, of money from our regular giving, are saved to support church plants and gatherings that arise in the future. Money is expended whenever there is activity which supports church multiplication.
**Leeds School of Theology** - Income generated by the Theology School is held in a designated fund to support salaries and ongoing course costs. During the year the School ceased to function, and most of the reserves were spent. Reserves at the end of the year are held to support ongoing website and email costs until a final decision is made about whether the School may become active again.
The designated funds are wholly represented by the Charity's cash reserves.
**29**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **25. Analysis of charitable funds** _**(continued)**_
## **Restricted funds**
|**Restricted funds**||||||
|---|---|---|---|---|---|
||At 1||||**At 31**|
||January||||**December**|
||2025|Income|Expenditure|Transfers|**2025**|
||£|£|£|£|£|
|Job Club Fund|–|–|–|–|–|
|The Oak Church|321,134|137,614|(138,767)|9,280|329,261|
|Our Catalyst Hub Fund|20,352|46,040|(67,977)|21,054|19,469|
|Hardship Relief Fund|6,004|1,708|(2,430)|–|5,282|
|Grace City Church|26,134|4,787|(13,436)|(700)|16,785|
|Living Hope Church||||||
|Plant|30,775|43,538|(28,224)|200|46,289|
|Small Projects & Grants|5,630|2,878|(8,214)|–|294|
|Mosaic Building|–|107,310|(12,047)|(64,760)|30,503|
||---------------------------------|---------------------------------|---------------------------------|----------------------------|---------------------------------|
||410,029|343,875|(271,095)|(34,926)|447,883|
||=================================|=================================|=================================|============================|=================================|
||At 1||||At 31|
||January||||December|
||2024|Income|Expenditure|Transfers|2024|
||£|£|£|£|£|
|Job Club Fund|978|–|–|(978)|–|
|The Oak Church|311,350|153,040|(138,372)|(4,884)|321,134|
|Our Catalyst Hub Fund|20,351|29,193|(43,577)|14,385|20,352|
|Hardship Relief Fund|7,508|2,756|(4,046)|(214)|6,004|
|Grace City Church|29,977|5,719|(9,152)|(410)|26,134|
|Living Hope Church||||||
|Plant|–|19,355|(8,534)|19,954|30,775|
|Small Projects & Grants|31,952|7,249|(35,549)|1,978|5,630|
|Mosaic Building|–|–|–|–|–|
||---------------------------------|---------------------------------|---------------------------------|----------------------------|---------------------------------|
||402,116|217,312|(239,230)|29,831|410,029|
||=================================|=================================|=================================|============================|=================================|
**30**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **25. Analysis of charitable funds** _**(continued)**_
**The Oak Church** - donations given by members of the Oak church are held in a restricted fund to pay for costs of the church. Grants related to buildings or projects at the Oak are held in their own restricted funds until they can be expended.
**The Oak - Healthy Eating** - the monies in this fund relate to grants specifically given for healthy eating in The Oak Church's Connect café
**The Oak - Connect café** - the monies in this fund relate to grants specifically given for, and used by, The Oak Church's Connect café.
**The Oak - Bibles fund** - the monies in this fund relate to donations specifically given for The Oak to buy bibles for people seeking faith. The funds were fully expended in the year
**Our Catalyst Hub** - Churches within the Hub make donations each year to support staff and other costs re management and events, to facilitate networking and support for Hub churches based in the UK and overseas. Fund transfers from Mosaic Church general fund, the Oak, Grace City and Living Hope restricted funds also support this work.
**Hardship Relief** - During the Covid-19 pandemic church members donated funds to be distributed to others in financial hardship. Occasionally individuals will make donations to the fund in support of other members of the church family. Balances remain and continue to be distributed as needs arise.
**Grace City Church** - Donations from individuals support the ministry of Grace City Church, a church plant in Bradford.
**Mosaic Outreach** - Donations and grants are occasionally received to support specific outreach activities used to support youth work. Any balances remaining at the end of the year are carried forward to be expended on relevant future activities.
**Mosaic Community Kitchen** - Donations and grants are received to operate a community kitchen in south Leeds to support people struggling to live on low income. Surplus funds are carried forward to be spent in the subsequent year.
**Living Hope Church Plant** - Donations from individuals are received to support the ministry of Living Hope, a church plant in East Leeds. Funds accumulated during 2024 and 2025 are carried forward to support the ministry during its first few years of operation as its income base expands.
**Small Projects and Grants Fund** - Donations and grants are received periodically to support small outreach projects within the local community with balances at the end of the year carried forward to be spent in the following year.
**31**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **25. Analysis of charitable funds** _**(continued)**_
**Mosaic Building Fund** - During the year we purchased a building in Beeston and started our fundraising campaign to raise the money to renovate the property which has been vacant for many years. Donations were received from individuals, and these started to be expended during late 2025. The balance held at the end of the year will be used during the early stages of renovation work in 2026. Ongoing donations are expected to fund the full refurbishment project over the next 2-3 years.
## **26. Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Tangible fixed assets|418,241|296,288|714,529|
|Current assets|215,674|254,335|470,009|
|Creditors less than 1 year|(12,407)|(13,648)|(26,055)|
|Creditors greater than 1 year|–|(89,092)|(89,092)|
||---------------------------------|---------------------------------|------------------------------------------|
|**Net assets**|621,508|447,883|1,069,391|
||=================================|=================================|==========================================|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Tangible fixed assets|8,463|295,822|304,285|
|Current assets|559,613|226,744|786,357|
|Creditors less than 1 year|(24,967)|(11,232)|(36,199)|
|Creditors greater than 1 year|–|(101,305)|(101,305)|
||---------------------------------|---------------------------------|---------------------------------|
|**Net assets**|543,109|410,029|953,138|
||=================================|=================================|=================================|
|**Cash generated from operations**||||
|||**2025**|2024|
|||**£**|£|
|Net income||116,253|93,235|
|_Adjustments for:_||||
|Depreciation of tangible fixed assets||6,813|9,127|
|Other interest receivable and similar income||(13,527)|(19,921)|
|Interest payable and similar charges||6,768|8,328|
|Accrued expenses||2,861|532|
|_Changes in:_||||
|Trade and other debtors||(8,190)|(8,794)|
|Trade and other creditors||(14,780)|1,270|
|||---------------------------------|----------------------------|
|||96,198|83,777|
|||=================================|============================|
## **27. Cash generated from operations**
**32**
## **Mosaic Church Limited**
## **Company Limited by Guarantee**
## **Notes to the Annual Report and Financial Statements** _**(continued)**_
## **Year ended 31 December 2025**
## **28. Analysis of changes in net debt**
||||**At**|
|---|---|---|---|
||At 1 Jan 2025|Cash flows|**31 Dec 2025**|
||£|£|**£**|
|Cash at bank and in hand|762,626|(324,538)|
438,088|
|Debt due within one year|(9,900)|(1,776)|
(11,676)|
|Debt due after one year|(101,305)|12,213|(89,092)|
||---------------------------------|---------------------------------|---------------------------------|
||651,421|(314,101)|
337,320|
||=================================|=================================|=================================|
## **29. Related parties**
No payments were made to Directors or any persons connected with them during this financial period. No material transaction took place between the charity and a trustee or any person connected with them.
Total amount of donations received without conditions from trustees or other related parties amounted to £32,885 (2024: £26,632).
## **30. Comparative disclosures for the statement of financial activity**
|||2024||
|---|---|---|---|
||Unrestricted|Restricted||
||funds|funds|Total funds|
||£|£|£|
|**Income and endowments**||||
|Donations and legacies|519,491|210,688|730,179|
|Charitable activities|60,969|2,905|63,874|
|Investment income|16,202|3,719|19,921|
||---------------------------------|---------------------------------|---------------------------------|
|**Total income**|596,662|217,312|813,974|
||=================================|=================================|=================================|
|**Expenditure**||||
|Expenditure on charitable activities|481,509|239,230|720,739|
||---------------------------------|---------------------------------|---------------------------------|
|**Total expenditure**|481,509|239,230|720,739|
||=================================|=================================|=================================|
||---------------------------------|---------------------------------|---------------------------------|
|**Net income**|115,153|(21,918)|93,235|
||=================================|=================================|=================================|
|Transfers between funds|(29,831)|29,831|–|
||---------------------------------|---------------------------------|---------------------------------|
|**Net movement in funds**|85,322|7,913|93,235|
|**Reconciliation of funds**||||
|Total funds brought forward|457,787|402,116|859,903|
||---------------------------------|---------------------------------|---------------------------------|
|**Total funds carried forward**|543,109|410,029|953,138|
||=================================|=================================|=================================|
**33**