Company Reglstratlon No. 07244128 (England and Wales)
Charlty Reglstratlon No. 1138763
Open Heaven Church
(A Company limited by guarantee)
Trustees, Report and Unaudlted Financial Statem8nts
For the year ended 31 August 2024

Open Heaven Church
Contents of th8 Financial Statem8nts
for the year ended 31 August 2024
Contents
Pages
Charity Information
Report of the Trustees
Report of the Independent Examiner
stal8ment of Financial Activities
Balance Sheet
Notes to the Financial Stal8ment8
8-15

Open Heaven Church
Charity Information
for the year ended 31 August 2024
Trustees at 31 August 2024 Y￿re.
SJFord
D G Howard
R A Halse
W G Rasaiah (appointed on 11.10.2023}
R A Cranefield (apFX)inted on 11.10.2023}
S Williams
(appointed on 30.01.2024)
Trustees who r88igned dun.ng the year:
N J Davis
(resigned on 11.10.2023)
Regi818red and Principal Office:
St Peterfs Centre
Storer Road
Loughborough
Leicestershire
LE115EQ
Regist8r8d Number:
07244128 (England & Wales)
Registgred Charity Number:
1138763
Indapendent Examlner:
D l Hotchkiss
Vvilkes Tranter & Co Limit8d
Brook House
Moss Grov&
Kingswinford
W8st Midlands
DY6 9HS
Prlncipal Bankers:
Natwest Bank PIC
Market Place
Loughborough
Leic8Stershire
LE113NZ

Open Heaven Church
Report of the Trustees
for the year ended 31 August 2024
The Trust8es who are also directors of the Charity for the purposes of th8 Companies Act pres8nt their report
together with the financial statements of the Charity for the year ended 31 August 2024. They are also
prepared to meet the requirements for a Directors, Report and accounts for Companies Acl purposes,
Th@ accounts have been prepared in accordance with the accounting policies set out in Note 1 to the &count8
8nd comply with the Charity's governing document, applicable law and the requirements Df Accounting and
Raporting by Charities.. Statement of Recommended Practice applicable to Charities preparing th&ir accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
Objectlves and Actlvities and Achlevements for Public Benefrt
The objeclives of the Church are to advance the Christian faith in Loughborough, the United Kingdorn. and the
wider world. The vision of Open Heaven is to impact our communities and to see transformation by making
disciples who establish heaven on earth. This means bringing heaven's joy, justice, righteousness, p8ace
healing, hop@ and life to the peopl8 and places around us.
In planning activities for the year, the Trustees have considered th& Commission's guidance on public benefit
and. in particular, the Specif￿ guidance on Charities for the advancement of religion.
Open Heaven is an Evangelical Church and a member of the Pion88r network of Churchgs.
Our Story and Vision
Th8 Story of Open Heaven began with a group of students at Loughborough Univet5ity. Ness IAfjlson arrived
in Towers Hall as a fresher and found that existing Christian students had been praying specifically for ten
'fired-up fresher5'. Ness was one of thos8 ten. They all prayed passionately for their friends, and within ten
weeks, the number of students following Jesus trebled. Open Heaven was bom in 1993 when seven of this
group of students graduated, dared to believe God lor more and committed to staying in Loughtrx)rough to
plant a church for their friends. Open Heaven 8xists to 'Make Disciples who establish Heaven on Earth,. A
disciple is someone who follows the ways and teaching of Jesu8. It is a commitment to be teachable and
embrace inner transfomiation through the work of Ihe Holy Spirit. Open Hesven is not a church to belong to rf
you want to stay the samel Discipleship happens in the communty, around tables, over cups of tea, in one-lc
one friendships and in small groups. To date, overtwothousand people have experienced discipleshipthrough
Open Heaven,
Our Values
Our five core values spell theword 'GRACE': Growlh, Relevance, ALrthenticty, Communty and Empowemient.
We want to be 8 community charact&ris&d by the grace to describe our values as a church.
Growth - We are growing in numbers bec8use numbers mean people, and people mattar to God. We are
growing in Christ-like character, generosity and gifting b￿ause that enables God lo use us to our fullest
potenlial. We are growing leaders to influence every sphere of sc￿letY. We are growing and sending out
church-planling teams because church-planling remains the most èffective way to make disciples who make
disciples.
Relevance - We want our faith to be connected to the rest of our lives. We are a church that is relevant and
distinct in Loughborough, and careful thought has been given to location, language, music and content. We
create expressions of the church that ar8 accessible to Feople with little or no church experience. Jesu5
connected with peq)le who did not regard themselves as religious, and we want to do the same. Everyone is
welcome, and all are invited.
Authenticity - Open Heaven is a place where you can be honest - honest before Gcxj and honest with others.
You will noticethat people ar8 auth8ntic and open with each other about their lives. knowing they are accepted
and confi'dent there is help to become th@ pe￿on God created them to b8. We will love you as you are and will
inspire you to become more.

Open Heaven Church
Report of th8 Trustees
for the year ended 31 August 2024
(Continued)
Our Value8- continued
Community- Church is a communty of people. It doesn'ttake long before people comment that Open He8ven
feels like a healthy family. We are a communty committed to sharing our lives with one another, This Is no
mere mantra. For some of us, this commitment has led to sharing our homes and possessions. There are
many ways to belong and build deep relationships within our comrnunity. The quickest and easiest way to
belong is lo be part of a Small Group.
Empowerment - Open H&aven is committed to spotting people's potentlal and finding ways to develop and
release them. As w811 as releasing people, we provide coaching and training to support those who are leading
and pioneering. We actively encourage people to discover their calling, passions and unique spiritual gifts and
then find ways both within and outside of Church life to outwork them.
Our goals
Jesus is the only one who can 8Ctually change lives 8nd release people into r881 freedom and He is so activ8.
We ggt to be ciiworkers with Him and join in wlth what He is doing at this time. We h8ve plans and goals, but
as th@ song says "rf He's not in it, we don't want it l Our three goals are Deeper, Wider, Further:
Deeper - going deeper in God and deep@r with others,. making disciples who make disciples. This includes
Discovery Bible studies. Upper Room worship night8. men's ministry, women's ministry, small groups, amongst
other things. Wider - reaching out, sharing our faith and serving our community. This includes Christians
Against Poverty. Community Grocery, Safe Haven (parenting support for young families), Peterfs Place
(communty cafe safe wami space), amongst otherthings. Further- championing and forging brave faith in th8
next generation (U25's). This includes our Student work, youth work, Children's work, Alpha courses,
Chu￿hwide Bibl8 distribution, amongst other things.
Financlal Revlew
Income from members ha8 increased compared with the previous year £300,171 {2023.. £297,088) total
incorne slightly reduced compared to the previous year £396,674 (2023: £408,092). Total expenditure has
increased due to the Charity funding more event activities than in the previous year and also increasing tho
staff working days. The statement of financial activiti@s shows nel income on unrestricted funds of £7,297
(2023: £64,818) and overall net income of £13,297 (2023.. £64,818). There are restricted funds are held in the
acquisition value of the St Peter's premises, with the reseNe for the future maintenance requirements of the
building now being held by other partners.
Total reserves at 31 August 2024 stood at £853,874 (2023: £840,57n including £491,124 (2023: £485,124)
restricted funds.
Resarvas
The Truslees have established a policy whereby the unrestricted funds not committed or invested In tangible
fixed assets <'the free reserves,) held by the Charity should be sufficient to cover a minimum of three months,
salaries.

Opon Hoaven Churoh
Report of tha Trustees
(Corttinued)
Rl¥k Management
All major insur8blg ri8k8 are 5ublect lo nomial Churches and empioyerfs In$uranco. Annual r0vi6ws of rlsk,
such as health and safoty are undertoken by the Trustees In conjuhction ￿th 6rnploy8ès and voluntO1¥S.
strUG1￿re, Governance and Managem&nt
Open He8V6n Church is a Charitabl6 Company Ilmlled hy guarantee, Incorporaled on 5 May 2010 and
reglstered as a CharTly on 14 Junè 20D7. The organisation was formoty a Charltable Trust by the Same narne
and the ￿rnpanY took r￿pOnsIbIlIty of ils activltl6s on 1 April 2008. The comphny wa6 e8tablish8d und8r a
Memorandum of As3wlatlon whlch 98tablishod the obJe¢t8 and power8 of Ihe Charitable Company gnd 1$
governed under its Articl88 of Associalion. In the event of th6 cornp4ny belng WDund up members are requirtd
ID Gontrfbute an amount not exceedlng £1.
The Board
W8 appolnt Trusts66 on an lThegular ba$ls, dolng 80 we look for IWD Driteria..
A good knowledge of the Charlty and its purposes.
Fxoprfat8 8kllls and competenGles to complèment emting strengths.
To support Trustees exlstlng compotandes. w8 rgfer them to web based tralnlng materlals apFN)rlate to thelr
role.
Statèm8nt of TTUSt888' Respon5ibilitl8S
The Trustsès (who are also dlrectors of Open Heaven Church for purp0889 of company law) are resFX)n5ibl8
for prep8tlng the 'Tw8tg98' Annual Rgport and the flnanalal statemer¥ts In accLJrdance wlth appI￿abl& law and
Unlted Klngdom Accouniinu Standard5 (United Kingdom Generally Ac¢8pt8¢ Accountlng Praotice).
Company law requlres th8 Trustees to pr&pare financlal statements for each finan￿81 year. Under company
18W th6 Trustees Inust not approv8 th6 flnanGial statem&nts un198S they arp satisfled that they olve a true and
falr vl6w of th& state of affalrs of the Charitabl8 Company and ol tho Incomlng resources and applicatlon of
resources, In¢ludlng th8 ￿n￿me and expendlturè, of tha Charftable Company for that perfod. In preparfry
these flnanolal statem¥nt8, th9 Trustees ar& requlr8d to..
88lact sultable accounl'lng poll¢ies ond then apply them MnSistsntl￿,
obseNe the method8 ancl princlplss In the Charltl68 SORP 2Q19 (FRS 102),,
make Judgements and estlmate5 that are reasonable and prudent;
stat6 whoth9r UK Accountlng Standards hav6 been foltowed, 8ubleGI to any matgrial departur68
disGlos@d and oxplainod In thè financlal stalements,,
prepare tho flrwnGlal 6tstements on tha golng concern bas18 unle66 It18 Inapproprlate to presume that
th8 Charltable Company wlll ccntlnue in operation.
The Tnjstees 8ra r8sponslblo for keeplng proper aocountlng records that dlsclose wlth réasonable accuracy
at any tlma the flnancial posltlon of th6 Charitable CiJMpany and onab18 them to ensure that tl)p financlal
stat8monts oompty with the Companlots Act 2006. They are a180 re8ponslbl8 for 8afeguardillg Ih(b 8889t8 of
th8 Charitabla Comp8ny and hgnc6 for taklng r8850nable step8 for the prevèntlDn and detection of fraud and
other lTrgulaAtle8.
Thls ￿port was approvgd by the Board ol Dlrectors and TrUStel￿ on 13 Februaiy 2025 and sign8d on its behalff
by.,
S J Ford - Truste

Independent Examiner's Report to the Trustees of
Open Heaven Church
I report to the Charity Trustees on my examination of the accounts of the Company for thp year ended
31 August 2024 which are set out on pages 6 to 15.
Responslbllltles and Basls of Report
As the Charity's Trustees of the Company {and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 {'the 2006 Act,).
Having satisfied myselF that the aocounts 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 your Charitable
Company'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 undgr section 145(5) Ib)
of the 2011 Act.
Indepèndent Examiner'8 Statement
I have completsd my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material resp￿1..
accounting records were not kept in aGcordance with section 386 of the Comp8nies Act 2006" or
the accounts do not accord with such records, or
the accounts do not comply with the acccunting requirements of section 396 of the 2006 A(',t 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
the accounts have not been prepared 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 Fin8ncial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)).
I have no COn￿rnS 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.
D l Hotchkiss FCA FCCA
Wilkes Tranler & Co Limited
Chartered Accountants
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS
Date.. 13 February 2025

Open Heaven Church
Statement of Financial Activitles (Includlng Income and Expendlture Account
for the year ended 31 August 2024
Total
Funds
2024
Total
Funds
2023
Unrestrfcted
Funds
Restrict8d
Funds
Notes
Income
Income and endowments from.,
Donations and legacies
Charitable activities
Gfft Aid
Inv8slment income (interest)
Grants received
300,171
11,232
73,214
6,057
300,171
11.232
73,214
6,057
6,000
297,088
7,047
101,071
2,886
6,000
Total Income
390,674
6,000
396,674
408,092
Exponditure on:
Charitable activities
376,018
376,018
338,725
Governance costs
Professional fees
Independent examination
5,059
2,300
5,059
2,300
2,249
2,300
Total Expenditure
383,377
383,377
343,274
Net income
7,297
6,000
13,297
64,818
Reconciliation of funds
Balance at 1 September 2023
355,453
485.124
840,577
775,759
Total funds carrled forward
362,750
491.124
853,874
840,577
All income resources and re80urce expended derive from continuing activities.
The Church has no recognised gains or losses for the year other than the results above.
The noles on page3 8 to 15 form an integral part of these financial slatements.

Open Hoaven Church
alan¢a 6he8t at 31 August 2024
21124
2023
Notes
Flxed assets
Taiiglblg flxed a689ts
622,662
612,928
Curront a￿919
Debtors
Cash at bank and In hand
10
21,242
220,091
15,195
222,061
241,333
237,256
Credlttsrs (arnounis falllng
due wlthln one yoar)
11
110,121)
(9,6OJ)
Not current ass8t&
231.212
227,&il
Net assttts
853,874
840,577
Tho Funds of tho Charlty:
Restricted funds
16
491,124
485,124
Unre8trictod funds
Unrestrlcted InGome funds
16
362,7S0
355,453
Total Charify funds
853,874
840,577
For thp yoar ended 31 August 2024 the company was èntiued to exemptlon from audlt undèr S¢clion 477 of
the Companle8 Act 2D06 relating to small companles.
DlreGtors' and Trustees, respon8ibllltle8'
• The members have not requlred the oompany to obtain an audlt of its flnancial stgtement8 for thtr year In
question In aCcOrda￿e w.rth tsertlon 476,, and
The Dir@ctor8 and Trustee8 acknowledgo fheir respoiislbllllle$ for complylng wlth th& ￿qUIreMents of the
Act wlth raspeGt to accountlng rocords anol tre preparation of flnancial statements.
The finsnclEJI statements were appr¢)vÈd by tlTre Board of Dlrecbrs and fru8ts88 13 February 2025 and
slgned on Sts behalf by..
S J Ford - Trust8e.
Thé notes on paues 8 to 15 form an Integral part af these finan¢lal 8tat8m8nts,

Open Heaven Church
Notes to the Flnanclal Statement8 for the year ended 31 August 2024
General Information
Open Heaven Church is a company, limited by guarantee, incorporated in England and Wales under
the Ccmpanies Act 2006 and Charities Act 2011. The address of the registered office is provided in
Reference and administrative detsils. Detsils of the Chariiy's operations are provided in thg. Report of
the Trustees.
Accountlng policies
The principal accounting policies ￿0pted, judgements and key sources of eslimation unc8rtainly in the
preparation of Ihe financial statements are as follows..
Basis of preparation
The Charity constitutes a public benefrt entity as dafined by FRS 102. The financial statements hav8
been prepared, under the histor￿81 cosl convention in accordance with applicable accounting standards
and follow th8 reGommendations in Statement of Recommended Practice 'Accounting and Reporting by
Charities, (SORP 2019 (FRS 102)) and compty with these Charities (Accounts and R8POrts) Regulation
2005 issued underthe Charities Act 2011.
These financial statements have been prepared in compliance with provisions of FRS 102, Section 1A,
'The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the Trustees, discretion in
furtheran￿ of the objectives of the Chartty.
Restricted funds ar8 those donated for us8 in a particular area or for the speclfic purpos8s, the use of
which is restricted to that area or purpose.
Designated funds are unrestricted funds set aside at the discretion of the Tru8t88s for specific purposes.
Further details of e￿h fund 8re disclosed in Note 18.
Income
Voluntary income including donations and grant8 that provide core funding or are of a general nature is
recognised where there is entitlement, certainty of rec8lPt and the amount can bè measured with
sufficient reliabilily.
Donated servlces or facilities
These are included in incoming resources (with an equrvalent amount in ￿sOUrceS expended) where
the benefit is reasonably quantifiable. measurable, and material. Their estimated value is b&8ed upon
the nature of the service,
Income from tax reclaims are included in the statement of financial activitie3 at the same time as the gift
to which they relate,
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned las the related goods or
8ervices are provided) und6r contract.
Expendtture
Liabilities are recognised as soon as there is a legal or constructive obligation commilting the Charity to
the expenditure. All expenditure 18 accounted for on an accruals basis and has been cla8srfi&d und8r
headings that aggregate all costs related to the category.
Charitable expendilure comprises those costs incurred by the Charity in the delivery of its activities and
services for its beneficiaries. It includes both cosls that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.

Open Heaven Church
Notes to the Flnancial Statements ft>r the year end￿ 31 Augu8t 2024
Accountlng policies (conllnued)
Grants payable are payments made to third part18s in the furtherance of the charitable objectives.
re the Charity gives a grant wlth conditions for its payment being a specific level of seNic8 or output
to b8 provided, such grant8 are only recognised once the recipient of the gr8nt has provided the specific
service or output.
Grant8 P8yabl6wilhout performance conditions are only recognised in the accounts when a commitment
has been mad8 and there are no conditions to be met relaling to the grant which remain in the control
of the Charity.
Provisions for grants are made when the intention to make a grant has been communicated to the
recipient but there is uncertainty about eilher the timing of the grant or the amount of grant payable.
Support cost
As a small Charity with a 8ingle significant activity, the allc¢ation of support costs across activitios is not
applicable.
Governanc& costs
Govemance costs include costs of the preparation and 8xamination of the statutory acLounts, the costs
of Trustee meetings and the costs of any legal advice lo Trustees on governance or constitutional
matters.
Flxed assets
Assets are capitalised if their useful economic life exceeds one year, Individual fixed assets Costing
£500 or more are initially recorded at C08t.
D8preciallon
Depreciation is provided on langible fixed assets so as lo write off the cost or valuation, less any
estimated residual value, over their 8xpected useful economic life as follows..
Fixtures, fittings and equipment
Plant and m8chinery- other equipment
Plant and machinery - stage equipment
Plant and machinery - St Peter's kitchen equipment
Land and buildings
33 113°/o Straight line basis
12.5'/0 Straight line basis
20% straight line basts
1 Ook straight line basis
Not depreciated
Fixed assets are included in the balance sheet at revalued amounts.
Operatlng leases
Rentals payable under operating leases are charged in the statement of financial activities on a straight
line basis over the lease term.
Penslons
The Charity operates a defined contribution pension scheme for its employees.
Taxation
As a R8gisler8d Charty, the company is exempt from income and corporation tax as all of it8 Income
h88 been applied for charitable purF)Jses.

10
Open Heaven Church
Notes to the Flnanclal Statements for th8 year ended 31 August 2024
Donations and legacles
Unrestricted
Funds
Restricted
Funds
Total Funds Total Funds
2024
2023
Appeals and donations
One off donations
257,850
42.321
257,850
42,321
251,798
45,290
300,171
300,171
297,088
Income from charitable activities
Unrestn'cted
Funds
Restrict8d
Funds
Total Funds Total Funds
2024
2023
Christian mlsslon and soclal actlon
Community activÈties
Youth and Students
Other church events
1,481
6,067
3,684
1.481
6,CE7
3.684
700
6,347
11,232
11,232
7,047
Detalls of charitable acllvEtles
Dirnct
Costs
Total Funds Total Funds
2024
2023
Support
Employment costs
Church activities
Subscriptions
Gifts and donations
st Peter's costs
Safeguarding, health and safety
Book-keeping
Printing, postage and slationery
IT costs
Travel and subsistence
Advertising and promotion
Bank charges
Depreciation
198,488
84,712
198,488
84,712
4,805
43,095
26,909
1,989
976
2,328
3,457
183,524
71,892
6,667
24,580
23,344
242
10,778
1,624
2,135
4,292
2,740
2,870
4.037
4,805
43,095
28,909
1,989
976
2,328
3,457
608
2,359
3.107
3,185
2,359
3,107
3,185
283,200
92,818
376,018
3',38,725

Op8n H8av8n Church
Notes to the Financial Ststements for the year ended 31 August 2024
Trustees, remuneration and expenses
No Trustee or person related or connected to them received any remuneration or expenses from Ihe
Charity during the year.
Re8ourco8 Expended
2024
2023
Resources expended are stated after charging:
Indep8ndent Examiner's fee
Depreciation
2,300
3,185
4,037
Employees, remuneration
The average number of persons employed by the Charity (including Trustees) during the year w8s as
follows.
2024
2023
Charitable sctivities (full time equiva18nl8)
Average number of staff employed Iheadcount)
6.57
11.00
5.30
13.00
The aggregate payroll costs of these persons were as follows..
2024
2023
Wages and salaries
Social security
Pension costs
185,399
6,283
6,806
169,631
8,398
5,495
198,488
183,524
No employees received emoluments of more than £60.000 during th8 year (2023 - Nil).

12
Open Heaven Church
Notes to the Flnanclal Statements for tho year ended 31 August 2024
Fixed assets
Freehold
Plant and
Inte￿5t in land machinery
and bulldlngs
(Including
lincluding
motor
heritage assetsl
vehiGl8s)
Fixtures,
fittings and
equlpment
Totsl
Cost
At 1 Seplember 2023
Additions
Disposals
607,400
18,237
11,192
(3,000)
18,653
2,747
644.290
13,939
(3,000)
At 31 August 2024
607,400
26,429
21,400
655,229
Depreciatlon
At 1 September 2023
Charge for the year
Eliminate(l on disposal
14.365
1,472
(1.812)
16,999
1,543
31,364
3,015
(1,812)
At 31 Augusl 2024
14,025
18,542
32,567
N&t book value
At 31 August 2024
607,400
12,404
2,858
622,662
At 31 August 2023
$07,400
3,872
1,654
612,926
10 Debtors
2024
2023
Other debtors
Prepayments and accrued income
263
20,979
653
14,542
21,242
15,195

13
Open Heaven Church
Note8 to the Financial Statsm8nts for the year ended 31 August 2024
11
Croditors lamounts falllng due
within one yearl
2024
2023
Trade creditor8
Other creditors
AGcruals and deferred income
492
6,852
2,777
6,129
3,476
10,121
(1,805
12 Members, liability
The Charty is a privale limited company by guarantee and consequently does not have share capital,
Each of the members is lisble to contribute an amount not exceeding £1 towards Ihe assets of the
Charity in the event of liquidalion.
13
Rglated partles
Donations totalling £22,001 were made lo th8 Charity by 6 Truste88 during the year12023'. £9,906 by 4
TNstees).
14 Controlling entity
The Charity is controlled by the Trustees.

14
Open Heaven Church
Noles to the Flnanclal Statemonts for the year ended 31 August 2024
15 Analysis of funds
At 1 Sopt.
2023
Incomlng
resources
Resources
expended
At 31Aug.
2024
Transfer8
Designated Funds
ChurGh Plant Fund
9,900
3,600
13,500
General Funds
Unrestricted income fund
345,553
390,674
<383.377) (3,6￿)
349,250
Total Unrestricted
Income fund8
355,453
390,674
<383.377)
362,750
Restrlcted Funds
Shared church Building
Project
485,124
485,124
Loughborough Community
Grocery Project
6,000
6,000
Tolal Restrlcted funds
485,124
6,000
491,124
840,577
396,674
(383,3771
853,874
UnrestriGted funds are used for any purpose deemed suitable by the Chaiity in pursuance of its main
objects, including contributing to any restricted fund8 hekl by the Charty.
De8bJnated funds have been put aside to fund Church planl from general funds as part of the Trustees
strategy to 8UPPOrt the development of new Churches.
Shared Church Building Project - these are incoming resources restricted to funding the Charity's
proportion of capital cost8 and operating expenses concerning the Church Property Share Agreement
in respect of St Petef s Church, Loughborough described elsewhere in these accounts.
Loughborough Community Grocery Project- these are incoming resources to set up a community
grocery shop. The community grocery shop is b&ing established to bridge the gap belween banks
and supermarkets by supporting local residents who are feeling the financial impact of the rising cost of
living,

15
Open Heaven Church
Notes to the Flnanclal Statements for the year ended 31 August 2024
16 Net assets by fund
Unrestrlcted
Funds
R88tricted
Funds
Total Fund8 Totdl Funds
2024
2023
Tanglble assets
Debtors
Cash at bank
Creditors (amounts falling due
within one year)
137,538
21,242
214,091
485,124
622,662
21,242
220,091
612,926
15,195
222,061
6,000
{10.121)
(10,1211
(9,605)
Net assets
362.750
491,124
853,874
840,577