Company Reglstration No. 07244128 (England and Wales) Charity Reglstration No. 1138763 Open Heaven Church IA Company Ilmited by guaranto01 Trustees, Report and Unaudlted Financial Statements For the perlod ended 31 Docember 2025
Company Registratlon No. 07244128 IEngland and Wales) Charity Registratlon No. 1138763 Open Heaven Church (A Company Ilmltod by guarantee) Trustees, Report and Unaudited Financial Ststements For the perlod onded 31 December 2025
Open Heavgn Church Contents of the Flnancial Statements forthe period ended 31 December 2025 Contents Pag8s Report of the Trustees Report of the Independent Examiner statement of Financial Activities Balan Sheet Notes lo the Financial Slalemenls 10-17
Op9n Haavgn Church Report of the Trustees for the period ended 31 Dgcember 2025 The Trustees present their report and accounts for the period ended 31 December 2025. Rgfargnce and Administrat5ve Infom)atlon Open Heaven Church is a Charitable Company limited by guarantee, incorporated on 5 May 2010 and registered as a Charity on 14 June 2007. The organisation was formerfy a Charitable Trust by the same name and the company took responsibility of ils actwilies on 1 April 2008. The company was estsblished under a Memorandum of Association which established the objects and powers of the Charitable Compariy and is govemed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Charity Name: Open Heaven Church Charity Number: 1138763 Company number.. 07244128 (England & Wales) Registered addr8ss'. St Peterfs Cenlre, Storer Road, Loughborough. LE11 SEQ The Trusteos at 31 December 2025 were:. S J Ford (Chairl D G Howard R A Halse R A Cranefield W G Rasaiah S R Williams R E L Huggan-Broughton (appointed 10 December 20251 Prlnclpal bankors.. Nalwest Bank Plc, Market Place, Loughborough, Leicestershi. LE113NZ structurn, Governance and Managemont The Trustees are responsible for the strategic direction and oversight of the Church. The Board meets regularty to revlew ministry activities. financial performance, safeguarding compliance, and risk management. The Trustees have had regard lo the Charity Commission's guidance on public benefit in exercising their powers and duties. Key policies. including safeguarding, health and safety, financial controls and risk management are revlewed regulady. Open Heaven is an Evangelical Church and a member of the Pioneer network of Churches. The Board We appoint Trustees on an irregular basls, when doing so we look for fv40 criteria.. A good knowledge of the Charity and ils purposes. Appropriate skills ané competencies to complement existing strengths. To support Trustees existing competencies. we refer them to web-based training materials approprfate to their role. The Trustees who are also directors of the Charity for the purposes of the Companies Act present their report together with the financial ststements of the Charity for the period ended 31 December 2025. They are also prepared lo meet the requirements for a Dlrectors, Report and accounts for Companies Act purposes.
Open Heaven Church Report of the Trustees for the period endod 31 December 2025 The accounts have been prepared in accordance with the a¢¢ounting policies sel out in Note 1 to the accounts and comply with the Charity's governing document, applicable law and the requirements of Accounting an Reporting by Charities., Slalemenl of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). Change of flnancial year and reportlng date During this year, the Trustees resolved to change the Charity's financial year end from 31 August to 31 December in order to align financial reporbng with the calendar year and with our Fundraising calendar lo improve operational planning and budgeting processes. As a result, the Trustees, Annual Report and the accompanying financial statements cover an extended 16 months period from 1 September 2024 10 31 December 2025. Accordingly.. Income and expenditurè figures presented in this report are not directly comparable to previous years, as they reflect sixteen months of activity rather than twelve. Headline totals may therefore appear disproportionately higher than prior annual reports. Future reports will return to a standard twelve-month reporting cycle (January to December). improving year-on-year cornparability. The Trustees have taken this extenslon into account when reviewlng performance and financlal trends. Objectives and Actlvltles and Achievements for Publlc Benefit Open Heaven Church exists to 'Make Disciples who Establlsh Heav8n on Earth,. We are focused on our mission to proclaim and advance the Christian faith in Loughborough, the UK and the wider wodd, fostering discipleship, worship and community transfomation in accordance with its governing documents. Our five core values spell the word'GRACE': Growth, Relevan. Authenticity, Community and Empowem)ent. We aim lo be a community characterised by GRACE. In shapin9 our objectives for the period, the Trustees have considered the Charity Commission's guidance on public benefit. Our objectives during this extended period were.. To facilitate regular public worship and leaching; To nurture discipleship and spiritual growth., To provide pastoral care and communty support. To serve the local community through outreach and practical initiatives. All activities are open to the public and delivered for the benefit of the wider community. Achievements and p9rformance In planning activities for the year. the Trustees and Senior Leadership Team have considered the Commisslon's guidance on public benefit and, in particular, the specrfic guidance on Charities for the advanment of religion. Our three goals are 'Deeper, Wider Furtherf.
Open Heaven Church Report of the Trustees for the period ended 31 December 2025 {Contlnuedl Achievements and perfonnance - contlnuod Deeper: golng deeper in God and wlth others Throughout the 16-month period, the Church maintained consistent weekly worship gatherings, leaching series, prayer meetings and small groups. Discipleship bible studies. Upper Room worship nights, men's and women's ministry. amongst other things. Discipleship pathways continued lo strengthen. with participants engaging in slruclured leaching, mentoring and community life. Feedback and testimony demonstrate sustsined spiritual growth and deepening commitment across the Church family. Wldgr: reaching out. sharlng our faith and servlng our community The Church continued to serve the local community through.. Pastoral support., CAP debt centre (free routes out of debt service and money management courses) Loughborough Community Grocery (affordable weekly shop provision for local residents) Peter's Pla Icommunty café safe wami space). and other pra¢lical assistance where needed. Furthar.. championing and forging brave faith In the next generation {U25's) This include5 our monthly youth gatherings on Sunday mornings run by young people, our vibrant student ministry, Youth ministry, Children's ministry, Alpha courses, Townwide bible distribution and more. Impact Truslges recognise that Impact is best measured notonly numerically but through lasling spiritual and relatlonal growth. The impact of our work is reflected in.. Sustained attendance and engagement., Personal leslimonies of faith and Iransfomalion., Strengthened ¢ommunity relationships; Growing leadership development within the church body. Reflectlon on Progrgss and Developmont This reporting period marks both conlinuty and fresh momentum in the lrfe of Open Heaven Church. Over many years the Trustees have seen the fnjil of patient, faithful investment from our community. both financially and in the generosity of lime supporting ministries voluntarily, from early foundations to a more established and resilient Church community. This year reflects both gratitude for thejoumey travelled and confidence in the emerging generation of leaders, ideas and initiatives shaping the next season of ministry.
Open Heaven Church Report of the Trustees for the period ended 31 Dacember 2025 {Contlnu8dl Financial Revlew The financial slalements reflect the exlend8d 16 months reportlng period, and therefore total income and expenditure are higher than in previous years. For the peThod 1 September 2024- 31 December 2025.. Total income: £613,13912024.. £396,674) Total oxpenditure: £647,48012024'. £383,377) Not lexpenditure)Iln¢ome for the perlod: {£34,341112024.. £13,297) When adjusted to a Iwelve-rnonth equivalent, income and expenditure remain broadly consistent with renI trends. There are restricted funds held in the acquisition value of the Sl Peter's premises. bwth the reserve for the future maintenance requirements of the building now being held by other partners. Incomo The majority of Income continues lo derive from voluntary donations and regular gThiing by mèmbers and supporters. Trustees are grateful for the Continued faithfulness and generosity demonstrated throughout the period. Expenditure Expenditure primarily lateS to= Ministry and programme costs., Staff salaries and expenses., Premises and operational costs. Trustees have conllnued lo exercise prudent financial oversight. ensuring spending aligns wllh strategic priorities. Reserrfes The Trustees aim to maintsin unrestricted r8seNes equivalent to approximately three months of operating costs in order to: Provide stability.. Manage unforeseen circumstances., Enable responsible forward planning- Within the unreslricled funds of the charity £70.000 has been ring fenced to sUPPOrt thre8 months operation costs of the Charity. (see note 15}. Total reserves at 31 December 2025 were £819,53312024: £853,874) including £485,124 {2024'. £491,124) restricted funds, which the Trustees consider to be appropriate for our current size. Golng Concem Having reviewed cash flow forecasts and financial projections covering the nexi twe5ve months, the Tnjslees are satisfied that the Charity remains a going concem and has adequate resources lo continue ils operations.
Open Heaven Church Report of the Trusteos for the perlod gnded 31 December 2025 (Continued) Rlsk Managemant The Trustees maintain a risk register and review key rlsks annually, including.. Financial stJstainability- Safeguarding compliance., Leadership capacity., Regulatory compliance. Appropriate mitigation measures are in place. Plans for the future With the new calend2r-year financial cycle now established, the senior leadership tearn and Trustees are focusing on= Deepening discipleship slnJctures- strengthening leadership development., Maintaining community engagement initiatives., Ensuring sustainable financial planning aligned with long-lerni vision. The coming season represents a conlinualion of faithful stewardship while embracSng fresh opportunities for growth and service. Alongside our local priorities, we are attentive to what has been described nationally as a 'quiet revDial' growing openness to faith and renewed spiritual curiosity across comrnunilies. As a Church, we ara prayerfully watching, listening and seeking to participate faithfully in what God is doing beyond our immediate conlexl. In the coming year, the Trustees will SLJPPOrt the planting of one new expression of Church life in Loughborough. designed lo reach young families who may be new to faith or not naturally connect with traditional Sunday gatherings. This iniliat5ve reflects our ongoing commitment lo discipleship, mission and thoughtful growth.
Open Heaven Church Report of the Trustees for the period ended 31 Dècember 2025 (Contlnuedl Statement of Trusteg$' Rosponsibilities The TrLJslees Iwho are also directors of Open Heaven Church for purposes of cornpany lawl are responsible for preparing the 'Truslees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genefftlly A¢PIed Accounting Practicel- Company law requires the Trustees lo prepare financial ststements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Charitable Company and of the incoming resources and application of resources, including the inwme and expenditure, of the Charitsble Company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and than apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS 1021.. make judgements and eslimales that are reasonable and prudent.. state wheth8r UK Accounting Stsndards have been followed, subject lo any material departures dlsclosed and explained in the financial slalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in operation. The Trustees are responsibl8 for keeping proper accounting records that disdose with reasonable accuracy al any lime the financial position of the Charitable Company and enable them to ensure that the financial ststemenls comply with the Companies Act 2006. They a also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Board of Directors and Trustees on 5 May 2026 and sSgned on ils behalf by.. S J Ford - Trustee
Independent ExamIn0S Raport to the Trustees of Open Heaven Church I report to the Charity Trustees on my examination of the accounts of the Company for the period Qnded 31 December 2025 which are set out on pages 8 to 17. Respon$lbllIes and Basis of Report As the Charity's Trustees of the Company land also ils 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 20061'lhe 2006 Acl'l. Having satisfied myseK that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charitsble Company's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l- In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent Examlner'$ Statement I have completed my examination. I confim that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006- or tho accounts do not accord with such records.. or the accounts do not comply wrf(h the accountlng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue 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 prfnciples of the Statement of Recommended Practice for accounting and reporting by Charities (applicable to Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understsnding of the accounts to b8 reached. D l Holchkiss FCA FCCA Chartered Accountant Brook House Moss Grove Kingswinford West Midlands DY6 9HS Dale: 5 May 2026
Open Heaven Church Statement of Flnancial Activities (includlng Income and Expendlture Ac¢ount} for tha pgriod ended 31 December 2025 Total Funds 2025 Totsl Funds 2024 Unrestrlcted Funds Restricted Funds Notgs Income Income and endowments from.. Donations and18gacies Charitable activities Glft Aid Investment income {interesl} Grants received 425,944 57,400 101,126 7,474 3,000 11,328 437,272 57,400 101,126 7,474 9,867 300,171 11,232 73,214 6,057 6,000 6,867 Total Income 594,944 18,195 613,139 396,674 Expenditure on: Charitable activities 612,437 24,195 636,632 376,018 Governance costs Professional fees Independent examination 7,248 3.600 7,248 3,600 5,059 2,300 Total Expenditure 623,285 24.195 647,480 383,377 Net (expendTturellincome 128.3411 16,0001 134,3411 13,297 Re¢onclllatlon of funds Balance al 1 September 2024 362,750 491,124 853,874 840,577 Total funds carried forHard 334,409 485,124 819,533 853,874 All income resources and resource expended derive from continuing activities. The Church has no recognlsed gains or losses for the period other than the results above. The notes on pages 10 10 17 form an integral part of these fin8nci81 statements.
Open Heaven Church Balance Sheet at 31 Decembor 2025 3111212025 3110812024 Notes Flxgd assets Tangible fixed assets 630,493 622,662 Current assets stocks Debtors Cash at bank and In hand 2,400 45,847 170,180 10 21.242 220,091 218.427 241.333 Creditors (amounts falling duo wlthln one year) 11 129,3871 110,1211 Net current assets 189,040 231,212 Net assets 819.533 853,874 The Funds of the Charfty: Restrl¢ted funds 16 485,124 491.124 Unrestrlcted funds Unrestricted income funds 16 334,409 362,750 Total Charity funds 819,533 853,874 Forthe period ended 31 December 2025 the company was entitled lo exemption from audit under Section 477 of the Companies Act 2006 relating lo small companies. Directors, and Trustees, resF)onsibililies: • The members have not required the company to obtain an audit of ils financial slalements for the period in question in accordance with Section 476,. and . The Directors and Trustees acknowledge their responsibilities for complying with the requirements of the A¢1 with respect to accounting records and the preparation of financial statements. The financial statements were approved by the Board of Directors and Trustees on 5 May 2026 and signed on ils behalf by.. S J Ford - Trustee The notes on pages 10 to 17 form an integrdl part of these financial statements.
10 Open Heavan Church Notes to the Financial Statements for the period ended 31 December 2025 General infomiation Open Heaven Church is a company, limited by guarantee. incorporated in England and Wales under the Companies Act 2006 and Charities Act 2011. The address Df the registered office is provided in Reference and administrative details. Details of the Charity's operations are provided in the Report of the Trustees. A¢counting pollcies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Basls of preparation The Charity constitutes a public benefit entity as defined by FRS 102. The flnancial ststemenls have been prepared, underthe historical cost convention in accordance wllh applicable accounting standards and follow the recommendations in Statement of Recommended Practice'Accounting and Reporting by Charities, ISORP 2019 IFRS 10211 and comply with these charleS (Accounts and Reports) Regulation 2005 issued under the Chari118s Act 2011. These financial statements have been ppad in Compliance with provlslons of FRS 102, SectSon 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. Fund accountlng policy Unrestricted income funds are general funds that are available for use at the Trustees, discretion in furtherance of the objectives of the Charity. Restricted funds are those donated for use Sn a particular area or for the specrfic purposes. th8 us8 of which is restricted to that area or purpose. Designated funds are unrestricted funds set aside al the discretion of the Trustees for specific purposes. Further details of each fund are disclosed in Note 16. Income Voluntary income including donations grants that provlde core funding or are of a general nature is r&cognised where there is entitlement, certainty of receipt arkd the amount can be measured with sufficient r8liability. Donated services or facllltles These are included in incoming resources (with an equivalent amount in resources expended) where the benef11 is reasonably quantifiable. measurable, and material. Their estimated value is based upon the nature of the service. Income from lax reclaims are included in the statement of financial activi11es at the same tiTne as the gift to which they relate. Investment income is recognised on a receivable basis. Incom8 from charitable a¢tiv(ties includes income recognised as eame¢J {as the related goods or services are provided) under contract. Expenditure Llabililies are recognised as soon as there is a18gal or constructive obligatlon committing the Charity to the expenditure. All expenditure is 8c¢ounled for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Charitable expenditure comprises those costs inCUd by the Charity in the delivery of its activities and services for ils beneficiaries. 11 includes both costs that can be allocat directly lo such aclivitses and those costs of an indirect nature necessary to support them.
Open Heaven Church Notes to the Financlal Statements for the period onded 31 December 2025 Accountlng policiès Icontinuedl Grants payable are payments made to third parbes in the furtheran of the charitable objectives. Where the Charity gives a grant with conditions for its payment being 8 specific level of service or output to be provided, such grants are only recognised once the recipient of the grant has provided the specific service or output. Grants payable without performan conditions are only r8cognised in the accounts when a commitment has been made and there are no ¢ond(£ions lo be mel relating to the grant which remain in the control of th8 Charity. Provisions for grants are made when the inlenllon to make a grant has been communicated to the recipient but there is uncertainty about either the liming of the grant or the amount of grant payable. Support cost As a small Charity with a single significant activity, the allocation of support costs across activities is not applicable. Gov&mance costs Governance Costs include costs of the preparation and examlnation of the slalutory accounts, the costs of Trustee meetings and the costs of any legal advice to Trustees on governance or constitutional matters. Fixed assats Assets are capitalised if their usèful economic life exceeds one year. Indwidual fixed assets costing £500 or more are initially recorded at cost. Dgpreciation Depreciation is provided on tsngible fixed asse15 so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic Itfe as follows.. Fixtures, fittings and equipment Plant and machinery- other equipment Plant and machinery- stage equipment Plant and machinery- Sl Peter's kitch8n equipment Land and buildings 33 113 /0 slraighl line basis 12.50A straight line basis 20 /0 Straight line basis 1 Oyo Straight line basis Not depreciated Fixed assets are included in the balance sheet at revalued amounts. Operating leases Rentals payable under operating leases are charged in the statement of financlal adivilies on a straight line basis over the lease term. Penslons The Charity operates a defined contribution pension scheme for its 8mployees. TaxatTon As a Registered Charity, the company is exempt from income and corporation tsx as all of its Income has been applied for charitable purposes.
12 Open Heaven Church Notes to the Financlal Ststements for the perlod ended 31 December 2025 Donations and legacles Unrestricted Fund$ Restrlctsd Funds Totsl Funds Total Fund$ 2025 2024 Appeals and donallons One-off donations 375,894 50,050 11,328 387.222 50,050 257,850 42,321 425,944 11.328 437,272 300,171 Income from charltable activitie5 Unrestrlcted Funds Restricted Funds Total Funds Total Funds 2025 2024 Christian mlsslon and social action Community activities Youth and Students Social supemiarket other Church events 3,702 9,522 28,494 15,882 3,702 9.522 28,494 15,682 1.481 6,067 3.684 57.400 57,400 11,232 Detalls of charitable actlvltles Direct Costs Total Funds Total Funds 2025 2024 Support Employment costs Church activities Subscriptions Gifts and donations st Peter's costs Safeguarding, health and safety Book-keeping Printing, postage and slalionery IT costs Trav&1 and subsistence Advertising and promotion Bank charges Depreciation Loss on sale of asset 311,771 159,705 311,771 159,705 6,930 68,273 54,814 4,075 198,488 84,712 4.805 43,095 26,909 1,989 976 2,328 3.457 608 2.359 3,107 3.185 6,930 68,273 54,814 4,075 5,078 7,791 1,820 6,914 3,132 5,828 501 5,078 7,791 1.820 6,914 3,132 5,828 501 471,476 165,156 636,632 376,018
13 Open Heaven Church Notes to tho Financial Statements for the period ended 31 December 2025 Trustees. rnmuneration and exp8nsos No Trustee or person relat or connected to them CeIVed any remuneration or expenses from the Charity during the period. Resources Expended 2025 2024 Resources expended are stated afteT charging.. Independent Examinerfs fee Depre¢lation 3,600 5,828 2,300 3,185 Employoes. remuneratlon Th8 average number of persons employed by the Charity (including Trustees) during the period was as follows: 2025 No. 2024 No. Charitable activities Ifull-lime equivalents) Average number of staff employed Iheadcount} 9.15 14.00 6.57 11.00 The aggregate payroll costs of these persons wer8 as follows.. 2025 2024 Wages and salaries Social security Pension costs 285,073 15,667 11,031 185,399 6,283 6,806 311,771 198,488 No employees reiVed emoluments of more than £60,000 during the period12024- Nill-
14 Open Hgavan Church Notes to the Financlal Statomonts for the year ended 31 December 2025 Flxad assets Freehold Int8rast in land and buildings (including heritage assets) Plant and machinery Ilncluding motor Vghiclesl Fixtures. flttlngs and equipment Tolal Cost At 1 September 2024 Additions Disposals 607,400 26,429 13.452 21.400 1,528 11.3991 655,229 14,980 11,3991 Al 31 DeceTnber 2025 607,400 39,881 21,529 668,810 Dgprociation Al 1 September 2024 Charge for the period Eliminated on disposal 14,025 4,497 18,542 1,331 1781 32,567 5,828 {781 Al 31 December 2025 18,522 19,795 38,317 Net book valu Al 31 December 2025 607,400 21,359 1,734 630.493 Al 31 August 2024 607,400 12,404 2,858 622,662 10 Debtors 2025 2024 Trade debtors other debtors Prepayments and accrued income 69 5,817 39,961 263 4,903 16,076 45,847 21,242
15 Open Heaven Church Notes to the Financial Statsments for the porfod ondgd 31 December 2025 Craditors {arnounts falling due within one year) 2025 2024 Trade Creditors Other creditors Accruals and deferred income 327 9,218 19,842 492 6,852 2,777 29.387 10,121 Members, Ilablllty The Charity is a private limited company by guarantee and consequently does not have share capitsl. Each of the mernbers is liable lo contribute an amount not exedIng £1 towards the assets of the Charity in the event of liquidation. 13 Related partlos Donations lotslling £33.939 were made to the Charity by 6 Trustees during the period12024.' £22,001 by 6 Trustees). 14 Controlling entity The Charity is controlled by the Trustees.
16 Open Heaven Church Notes to the Financial Statements for the period ended 31 Decgmber 2025 15 Analysls of funds At 1 SepL 2024 Incoming re50ur¢es Resources expended At 31Dac. 2025 Transfers Designated Funds Church plant fund 13,500 4,000 17,500 General Funds Unrestricted income fund 349,250 594,944 {623,285} {74,000) 246,909 Unrestricted operating costs fund 70,000 70,000 Total Unrestrlcted Income funds 362,750 594,944 {623,285} 334,409 Restrlcted Funds Shared Church Building Project 485,124 485,124 Loughborough Community Grocery Project 6,000 18,195 {24,1951 Total Restricted funds 491,124 18,195 124.1951 485,124 853,874 613.139 {647,480} 819,533 Designated funds have been put aside to fund church plant from general funds as part of th8 Trusleos strategy to support the development of new churches. Unrestricted operating costs funds have been pul aside to fund three months operallon costs of the charity. The charity intends to increase the reserves to £85,000 over the next years. Unrestricted funds are used for any purpose deemed suitable by the Charity in pursuance of its main objects. including contributing lo any restricted funds held by the Charlty. Shared Church Building Project these are incoming resources restricted lo funding the Charity's proportion of capital costs and operating expenses conceming the Church Property Share Agreement in respect of St PeleT'S Church, Loughborough described elsewhere in these accounts. Loughborough Community Grocery Project - these are incoming resources to sel up a community grocery shop. The ¢ommunity grocery shop is being established lo bridge the gap between food banks and supermarkets by supporting local residents who are feeling the financial impact of the rising cost of Ilvlng. This is a Social Supermarket style project.
17 Open Heaven Church Notes to the Flnan¢lal Statements for the period ended 31 December 2025 Net assets by fund Unrestrlcted Funds Restricted Funds Total Funds Total Funds 2025 2024 Tangible assets Stock Debtors Cash at bank Creditors (amounts falling due within one yearl 145.369 2,400 45,847 170,180 485,124 630,493 2,400 45,847 170,180 622,662 21,242 220.091 129,3871 129,3871 110,1211 Nel assets 334,409 485,124 819,533 853,874