COMPANY REGISTRATION NUMBER: 7253471
CHARITY REGISTRATION NUMBER: 1136403
The Well Church London
Company Limited by Guarantee
Unaudited Financial Statements
31 May 2024
ROBINSONS CONSULTING LIMITED
Chartered accountants
5 Underwood Street
London
N17LY

The Well Church London
Company Limitad by Guarantee
Flnancial Statements
Year ended 31 May 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
statement of financial position
Notes to the financial statements

The Well Church London
Company Limited by Guarantee
Trustees, Annual Report (Incorporatlng the Directorfs Report)
Year ended 31 May 2024
The truste8s. who are 81so the dir8Ctors for the purposes of company law. presénl th8ir report and the
unaudited financial statements of the charity for the year ended 31 May 2024.
Reference and administrallve detalls
Registgred charity namo
The Well Church London
Charity registration number
1136403
Company reglstratlon number 7253471
Principal offlce and registered 36A Penton Street
office
N19QA
London
The trustees
Clive Sharp6
Sarah-Jane Elizabeth Pope
Colin Wilkinson
Independent examiner
Robinsons Consulting Limited
5 Underwood Slreet
London
N17LY
Structure, govèrnance and management
The Charity is constituted as a company limited by guarantee, and is therefore governed by a
Memorandum and ArtiGles of Association.

The Well Church London
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrector's Report) (contlnuedl
Year ended 31 May 2024
Objectives and activities
The primary aims of the Church are lo provide support and teaching in the Christian faith to those
within the Church, and locality and. where possible, to show practical care and bring the love of Christ
to the community.
In planning the activities of the charity, the trustees have given consideration to the guidance on public
benefit issued by the charity Commission in Oecember 2008 in particular that:
a) There are identifiable benefits
b) Benefits are to the public or a séction of the public
c) That the benefits relate closely to the charitable obje¢lives
The Church is not a building, bul a gathering of ordinary people of different ages and backgrounds,
whose lives have been changed by Jesus Christ, Ihe Son of God. The New Testament reveals the
Church as a community of people, properfy taught and cared for who by lovlng and serving Jesus
Christ, were also Committed to love and care for each other and to bring a blessing to the area in
which they live. The Well Church, it's trustees, Leader and members are committed io the restoration
of those New Testament principles. It is not alone in this, it is one of many churches in the area.
country and all over the world that is re-discovering knowing Jesus Christ. The vision is to see the
people of Islinglon come to know Jesus as their Lord and Savior.
Everyone in the Church is encouraged to be involved in helping the church achieve its great
commission. This is done by "being salt and light" among the people they interact with every day.. by
praying for them or with them, by calling in on the sick or others in need, being involved in training
others. in adminislralion and in worship. The financial resources of the church are given by the
members and also thèir prtvatè assets and equipment ar8 regularly usèd in the work ol the church,
thou much ol the work is done privately and without recognition, the hours and value of time cannot be
quantified.

The Well Church London
Company Limited by Guarantee
Trustees, Annual Report (Incorporatlng the Dlrector's Report) (continued)
Year ended 31 May 2024
Achievements and performance
1) We meet in The Vu8 Cin8ma on Sundays and online for worship, guidance, support and
Communily 40 to 50 adults wilh a total membership over 60 in all have been attending.
2) We have many after church acttvitiès, for all ages including Men & Ladies day wtth teaching. help,
advice. encouragement and support.
3> The Well is committed to growing people in life skills, there are currently 5 Irfe groups and a youth
group that meet during the week, all groups are well attended.
4) Our sister Church in Basiklon Essex that mirrors all the work we do in Islington continue to thrive.
There arè 35 peop18 involved and attending all we do.
S) We ran two Alpha courses throughout the year, one in Islington and one in Basildon. Both courses
saw people growing in lrfe skills, making new friends with others in the community. learning life skills
and growing in their ability to communicate and build relalionships well. We run other ministry courses.
6) We are committed to growing people in leadership skills. with many one-tothone meetings. During
the year we continue to take leaders to various leadership Conferences held at different venues in the
UK.
7) This year in Basildon we ran a 5 day family event where we had greal teaching, fellowship and
workshops to help people from all ages grow in confidence and skills Ihal would help them achieve
well in life. We had approximately 100 people attending.
8) The Well Church, is helping to grow a hub of so far 5 Churche5 in London and beyond to help
encourage, support and work together in all we do.
91 The Well Church has grown contacts in Odisha India with 'The Well Ministries India. working
amorig the poor and marginalised providing basic clothing, audio bibles with help and advice for a
better life. Clive & Debs went out there to build relationship and gather 11 Pastors. As the ministry is
expanding. We also promded a water well for one of Ihe vlllages who had no fresh waler before.
101 We h8ve continued to help support Junction 42 a charity that works with getting employment lor
ex-offenders.
11) Tho Well Church, continue to minister to inmates in Pentonville Prison.
12) Financial review Income for 2023124 was £111,230. Plans for future periods The key strategies for
the church remain the same. Our focus for this forthcoming year Is to develop our relationship with the
community through the projects and activities mentioned above.
Flnanclal review
Income for 2023124 was £111,230.

The Well Church London
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) (¢ontlnuedJ
Year ended 31 May 2024
Plans for future periods
The key strategies for the chur¢h r8main the same.
Our focus for this forthcoming yéar is to develop our r8lationship wlth the Community through the
projects and activities mentioned above.
Small company provisions
This report has been prepared in accordance with the provislons applicable to companies entided to
the small companies exemption.
The trustees, annual report was approved on 20 December 2024 and signed on behalf of the board of
trustees by..
SECURELY
2QIIIY024 ai 10 35..58￿￿ UTe
Clive Sharpe
Trustee

The Well Church London
Company Llmltsd by Guarantee
Independent Examinerfs Report to the Trustees of The Well Church London
Year ended 31 May 2024
I report to tha Injsleps on my examination of the finandal sialements of The Well Church London {'the
charty) for the year ended 31 May 2024.
RèBponsibilities and basis of report
As the Iruslees of the ￿rnPany land also ils dirèctors for the purpD5es of company 18w} you are
responsible lor the preparation ol Ihe financial slalemenls in acccrfdance wth the requirements of th8
Companles Act 20061.ihe 2006 Act'i.
Having satssfied myself that the accounts of the company 8fe not Tequired lo be audited under Part 16
of the 2006 Act and are eligible for indepéndènt examination, I report in respect of my examination of
the oharity's accounts as Garried out under seciton 145 of Ihe Charities A¢1 2011 {'Ihe 2Q11 ACVI. In
carryiro Obt my examinabon I have followed the DirectlQllS given by thè Charity Commission under
section 144151(bl of the 2011 Act.
Inde￿nd￿Trt examiner's statement
I have completed my examlnatson. I confimi that no malters ha￿ ¢ome to my attenlt)n In connection
wilh the examiftalion gi￿ng me cause to beli&ve-
accounting records weTe not kept in respect of the charity as Trquired by section 386 of the
2006 Act: or
the financial slalements do not accord wllh those rècords; or
the finigncFal stalemenls do not Gorr*ply with the accounting requsremenls of seclion 396 of
the 2006 Act other than any requirernent that the accounts give a 'lrue and faiV vi?w whioh
is nol a matter consldored as part of an independent examination., or
Ihe financial slatement5 have not been prepared In accordance ￿th the mtrthods and
prindples of the Stalemenl of Recommended Practic8 for accounting and reporting by
charities applicable to Gharilies preparing thelr aGcounts in aecordance wilh the Financial
Reporting Stsndard appliG¥ble in the UK and R&pubilG of Ireland IFRS 1021.
I have no concerns and have comfj across no other matters in connection with the exaTriinaliot) lo
ich attenllon should be drawn In Ihis report order to enable a proper understanding of ll)e
accounts lo be reached.
Jogeph Roblrrson FCCA
ROBINSONS CONSULTING LIMITED
Chartered Accountants
5 Underwood Street
London
N17LY

The Well Church London
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 May 2024
2024
Unrestricted
funds Totsl funds Totsl funds
2023
Note
Income and endowments
Donations and legacies
Investment income
106,200
5.030
106,200
5,030
111,230
104.723
3,318
Total Income
111,230
108,041
Expenditure
Expenditure on charitab18 aclivities
Olher expenditure
Total expenditure
103,319
2,020
103,319
2.020
97.534
1,204
10
105,339
105.339
98,738
Net income and nel movemont in funds
5.891
5.891
9,303
Reconciliation of funds
Total funds brought forward
Total funds carried forward
119,915
125,806
119,915
125,806
110,612
119.g15
The statement of financi81 activities includes all gains and losses recognis8d in the year.
All income and expenditure derive from continuing aclivilies.
The notes on pages 8 to 14 fomi part of the68 financlal statements.

The Well Church London
Company Limited by Guarantee
ststement of Flnancial Position
31 May 2024
2024
2023
Note
Fixed assets
Tangible fixed asséts
Investmenls
15
16
6,724
63,685
8.965
63,685
70.409
72,650
Current assets
Debtors
Cash at bank and in hand
17
7,464
48,689
56.153
6,569
41,452
48,021
Credltors: amounts falling due withln one year
Net current assets
18
756
756
55,397
125,806
125,806
47.265
Total assets less curront liabllltle$
119,915
Net assets
119,915
Funds of the charlty
Unrestricted funds
125.806
125,806
119.915
119,915
Total charity funds
19
For the year ending 31 May 2024 the charity was entilled to exemption from audit under sedion 477 of
the Companies Act 2006 relaling to small companies.
Trustees, responsibilities:
The members have not required the company to obtain an audit of its 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 financial statements.
These flnanclal statements have been prepared In accordance wilh the provisions applicable to
companies subject to the small companies. regime.
These financial statements were approved by the board of trustees and authorised for issue on 20
December 2024, and are sigr)8d on behalf of the board by:
$￿GNE
secvRELY
IW1￿024 at 1U.JS-.SSAII UTC
Clive Sharpe
Trustee
The notes on pages 8 to 14 form part of these financial statements.

The Well Church London
Company Limited by Guarantee
Notes to the Financlal Statements
Year ended 31 May 2024
General infomiation
The charity Is a public benefit entity and a privat6 company limited by guarantee. regislered in
England and Wales and a regislered charity in England and Wales. The address of Ihe
registered office is 36A Penlon Street, Nl 9QA. London,
statement of compliance
These financial stalements have been prepared in compliance With FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP {FRS 102)) and the Companies Act 2006.
Accountin9 policies
Basis of preparation
The financial statements have been prepared on th8 historical cost basis.
The financial statements are prepared In sterling. which is the functional currency of the entity-
Going concern
There are no material uncertainties about the charitys abilty lo continue.
Disclosure oxempiions
The company has taken advantage of the following disclosure exemptions in preparing these
financial statements, as permitted by the FRS 102 "The Financial Reporting Standard appllcable
in the UK and Republic of Ireland.:
{a} No cash flow statement has been presented for the company.
(bl Disclosures in respect of financial instruments have not been presented.
Fund accounting
Unrestricted fvnds are donation5 and other income received or generated for the objects of the
charity without specified purpose and are available for the purposes as directed by the trustees.
Restricted funds are amounts received where the donor has speGified the purpose for which they
should be used.
Incomlng rèsourcès
Donated income is taken Into account when received by the charity. Income received in
clrcumstances where a claim for repayment of tax ha5 been made to HM revenue & Customs but
not yet received is shown within charities debtors.
Olher income is taken into account when receivable.

The Well Church London
Company Llmitad by Guarantee
Notes to the Financlal Statements (continu￿)
Year ended 31 May 2024
Accounting policies (eonllnued)
Resources expended
Expenditure, including irrecoverable VAT, when incurred by the charity. r8gardl6ss of when the
payment was made.
Tangible assèts
All fixed assets are initially recorded at cost.
Depreclatlon
Depreciation Is calculated so as to write off the cost or valuation of Sn asset. less its residual
value, over the useful economic lrfe of that asset as follows:
Motor Vehicles
Office Equipment
25DA reducing balance
25 1 reducing balance
Investments
Unllsted equlty investments are inilially recorded at cost. and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impaiment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investment proporty
Investment propety is inltially recorded at cost. which includes purchase price and any directly
attributable expenditure.
Investment property is revalued to its fair value at eaoh reporting date and any changes in fair
value are recognised in income or expendilura.
If a reliable measure of fair value is no longer available without unduo Cost or effort for an Item of
investment propety. it shall be transferred to tangible assets and treated as such until it is
expected that fair value will be reliably measurable on an on-going basis.
Impaimient of flxed assets
A réview for indicators of impairment is carrted out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the Garrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviowed for
P0S5ible reversal at each reporting date.

The Well Church London
Company Limited by Guarantee
Notes to the Financlal Statements (continued)
Year ended 31 May 2024
Accounting policies (¢onllrJuerl)
Flnancial instrument$
A financial asset or a financial liability is recognised only when the entity becomes a party to thè
contractual provisions of the instrument.
Basic financial instrumenls are initially recognised at Ihe amount receivable or payable induding
any relaled transaction costs, unless the arrangement constitutes 8 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 subsequentty measured at the cash or othar
consideration expected lo be paid or recéived and nol discounted.
Debt inslnjments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impaiment at th6 end of each reporting dale. If theré is objective evidence of impaimient. an
impaiTment loss is recognised under the appropriate heading in the statement of financial
activities in which the initlal gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
eilher assessed individually or grouped on the basi5 of similar credit risk Characteristics.
Any reversals of impairnient are recognised immediately. lo the extent that the revetsal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Limited by guarantee
The company is a charilable company limited by guarantee.
Oonations
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
106,200
106,200
104,723
104,723
10-

The Well Church London
Company Limited by Guarantee
Notes to the Flnancial Statements (continued)
Year ended 31 May 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from investment propertl8S
Bank interest receivable
Other interest receivable
4,965
65
4,965
65
2,000
118
1,200
2,000
118
1.200
5,030
5,030
3,318
3,318
Expendlture on charitable actlvities by fund typo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Direct charitable aclivities
Support costs
76,641
26,678
76.641
26,678
103,319
60,448
37,086
60.448
37.086
103,319
97,534
97.534
Expenditure on charltable activitlos by actlvlty type
Activities
undertaken
directly Support costs
Total funds
2024
Totsl fund
2023
Direct charitable activities
Govemance Gosts
76,641
76,641
26,678
60,448
37,086
26,878
76,641
26.678
103.319
97.534
Analysis of support costs
Total 2024 Total 2023
Govern8n¢g Gosls
756
756
10. Other expendltura
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Training
2,020
2,020
1,204
1.204
11

The Well Church London
Company Limited by Guarantee
Notes to the Flnancial Statements leontinued)
Year ended 31 May 2024
11. Net income
Net income is slated after chargingl(crediting}:
2024
2023
Depreciation of tsngible fixed assets
2,241
2,989
12. Independent examination fees
2024
2023
Fees payable to the independent examiner for.
Independent examination of th8 financial statements
756
756
13. Staff costs
The average head count of employees during the year was Nil12023- Nil).
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
14. Trustee remuneration and èxpenses
No remuneration or other beneflts from employment with the charity or a related entity were
received by the trustees.
15. Tangible fixed assets
Motor
vehicles
Office
Equipment
Total
Cost
At 1 June 2023 and 31 May 2024
Depreclatlon
At 1 June 2023
Charge for the year
At 31 May 2024
9.394
7,175
16,569
2,349
1.761
5,255
480
7,604
2,241
4.110
5.735
9,845
Carrylng amount
At 31 May 2024
At 31 May 2023
5.284
1.440
6,724
7,045
1,920
8,965
-12-

The Well Church London
Company Limited by Guarantee
Notes to the Financial Statements (eontinuedj
Year ended 31 May 2024
16. Investments
Investment
properties
Cost or valuation
At 1 June 2023 and 31 May 2024
Impairment
At 1 June 2023 and 31 May 2024
Carrylng amount
At 31 May 2024
At 31 May 2023
63,685
63,685
63.685
All investments shown above are held at valuation.
17. Debtors
2024
2023
Accrued income
Other debtors
7,064
400
6,069
500
7,464
6,569
18. Creditor5: amounts falllng due wlthin one year
2024
2023
Accruals
756
756
19. Analysls of charftable funds
Unrestricted funds
At
1 June 2023
At
Income Expenditure 31 May 2024
General funds
119,915
111,230
{105,339}
125,806
At
1 June 2022
At
Income Expenditure 31 May 2023
General fvnds
110,612
108,041
(98.738)
119,915
13-

The Well Church London
Company Limlted by Guarantee
Notes to the Financial Statements (continu8d)
Year ended 31 May 2024
20. Analysis of net assets between funds
Unrestricted Totsl Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
70,409
56,153
{7561
70,409
56,153
(756)
125,806
Net assets
125.806
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
72.650
48,021
{7561
119,915
72.650
48,021
{756)
119,915
14-