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
advan￿ment 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 re￿nI
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 ExamIn0￿S 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$lbllI￿es and Basis of Report
As the Charity's Trustees of the Company land also ils directors for the purposes of company law) you are
responsible for the preparation of the accounts In accordance with the requirements of the Companies Act
20061'lhe 2006 Acl'l.
Having satisfied myseK that the accounts of the company are not required lo be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your Charitsble
Company's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l- In carrying
out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib)
of the 2011 Act.
Independent Examlner'$ 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 char￿leS (Accounts and Reports) Regulation
2005 issued under the Chari118s Act 2011.
These financial statements have been p￿pa￿d 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 inCU￿d 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 re￿iVed 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 ex￿edIng £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