Westminster Chapel We•tm1T￿*Ol Chap•l la companylimited tsy guaranteel Report and Flnanclal Statmnts For the year end 31 Dee•mber 2025 Company Number6458950 CharltyNumber 1144831 Westminster Chapel Contents Page Reference and ￿mInIStrar￿e detalls Trustee5 Report IndeFendentfvJJdltoffs Report 5tatementof Ana￿la1 ActI￿￿eS Balance Sheet Statementof Cash Flows Notes on Nnanoal 5tste￿￿nts 12 13 14 Westminster Chapel Reference and Administrative Detalls Operatlonal Address Buckingham Gate. London, SWIE 6BS Direttors The trustees. who are also the directors for the purposes of company law. who served during the period are listed below- Mr James Edwards Isenlor Anancè Offlcerl Mr Paul Gardner Isecretaryl Mr Stephen Sloan Mr Richard Bursby Mr Aknnsola Akinyose (Resigned on 3 March 20261 Mrs Rachellohn Mrs Ibelema Emeh Mr Charles Abrahams IAppDinted on 29 November 20251 The key management personnel comprfse all the dlrectors. Bankers Barclays Bank PLC- 93 Baker StreeL London W1A4SD CAF 8ank Ltd- 25 Kin8s Hill Avenue, Klngs Hlll, West Malllng, Kent, ME19 4IQ Audltor Xelnadin Audit Limited- 5 Robin Hood Lane, Sutton, Surrey, SM12SW Solicitors Anthony Collins SolicitOT5 LLP- 134 Edmund Street, Blmilngham, B3 2E5 Westminster Chapel TheTrusteespresentthelrreporttogetherwlththeaudlted financlalstatementsofthe Chapd fortheye3rended31 De￿mber 2025 The financlal statements comply ￿th the Companles Act 2006, Charltles Act 2011. the companys Memorandurn and Artlcles of Association, ACCOUn￿ng and Report*ng ty Charitle5'. Statement of Recomrnended Practice 2019 aP￿Icable to chadtle5 Preparlng thelr accounts In accordaft￿ wlth the Rnanc*l Rewrtln8 sraftdard appllcable In the UK aF￿ Republlc of Ireland IFRS 102X and Ffs10Z Structure. Governance and Management GovernSng Documerrt Westminsterchapel Ithe-chapel? Is reglstered wlththe Charfty Commlsslon as a Charity Ino. 11448311 and Is also a company Ino. 064589501. The Chapel is governed by Its Memorandum and Articles of Assothatltsn. It sets outthe objects and powers of th& charitable company and how the charity is to be govÈmed. Under the Articles of Assoclatlon. bll fvture trustees shall be Bppolnted by a resolutlon of the church members. Trustee Recruitment and Induction The Elders Identrfy sultable candidates who are invlted to serve asTNstees. subject to the afflrmatlon of Chapefs rnernbers. SuStability Is based primarfly on cornmitment to the Chapel, demonstrated by membership, regulaf attendance and a high degree of invO￿ement and significant spirltual maturity. New TrL4Stees are prts￿ded vlth coples of a Trustee lob descrlptlon. Chapefs mlsslon. vjslon and valL¢es, the last three years, Annual Reports and Account5, and the followng Charity Commisslon doojments.. the Essentlal TTUStee'. What You Need To Know ICC31,' Falth In Good Govemance,. General Guldance on Publlc BenefiL Organisational Structure The Chapel is led by an Eldership Team made up of seven Elders. three of vthom are also Trustee& Andrew Mehigan, who serves as one of the Elders but Is not a Trustee, Is a full-tlme member of staff whr) acts as the Eldershlp team coordlnator. Thls team meets 1￿ce monthly to re￿eW Strate￿ and set the spiritual dlreLtion of the church. The Trustees support the Eldershlp Team and meet slx tlmes a year to re￿eW the management and administration of thè Chapels property and fvnds, policy and other operational matters. Conflitt5 of interest are managed SenS￿￿elY and apprOp￿atelY accordance wlth the Charlty Commlssion guidance. Trustees and all Elders meet informally Lwice a year. The key management personnel of the charity as listed on page 1 are In charge of dlrettin& Controlli￿ running and operating the charity on a day to day basis. Apart from the detalls regardlng salary payrnents to one Trustee and family members of a second setvlng trustee as described fvrther in note 9. all other Trustees gfve of their tlme freetyand rect￿e￿ no remuneratlon In theyear. Detalls of Trustees'expenses and related partytran5acttons are also dixlosed In Note 9 to the flnanclal statements. The pay of senior stèff is reviewed annualty and normèlly increased in attordar¥ce with average earnings. Each senior stafPs pay revlew is carrled out bythe Trustee5 In thelr absence. Westminster Chapel Tru Related Parties and Other Organizations The Chapel Is afflllated wlth Ctsmm155lon Ap05tollc TrusL the FIEC (Fellowshlp of the Independent Evangellcal Churches), the EFCC (Evangellcal Fellowship of Cortgregatlonal Churches) and Is a member of the Evangelical Alllance. The Chapel also supports a nLtmber of other tharitable organ15atlons both In the UKand abroad and in partlcular a pregnancy crlsls centre In We5tmin5ter (The Gate), Chri5tlan overseas mls5ionarie5 and mission organlsations. Risk Management The Trustees have assessed the ma5or rlsks to whÈch the church is exposed, In parricular thosè related to thé operatlons and flnances of the church and are satlsfled that system5 are In place to mltlgate tts Èxposu￿ to the malor rlsks. The princlpal risks and uncertainties currently facing the charlty are considèred to be- Mlsslon rfsk:The Chapel should contlnue its key mission of being'Awltnesslngchurch. and a church worth wltnesslng- forthe glory of God." flnanclal rlsk: The vèlue of the Chapel building 15 high in propor￿0￿ to the Income èxpetted from the sze of the Chapefs current membershlp. Unexpected repalr cost could p¢xentlalty be unaffordable relative to its current income and reserve level. R5sk In connettion with worklng with children and young adults.. The Chapel staff and volLtnteers have regular contatt with chlldren and young adults. There Is a rlsk that the approprlate level of due care over these ind￿ld￿315 15 not adequate. Our plans and stfate8ies for managing these rfsks IndL*de', regular meetlngs between the leader5hlp team and monltorlng of mèmbership level, mlssional attmtles,. malntalnlng adèquate tn5urance cover. ensure an adequate reseNe15 held. the use of flre. and Intruder alarms.. and havlng approprlate safeguardlng procedures In place. Grant-making policy The trustees may make grants at thelr absolute dlscretion. They are Enade to chadtles or as part of Ltnscsliclted gfvlngto beneficlaries whose actlvltles are consldered to arlvance the Christian falth. Reserves pollcy The trustees alm to mèlntaln free reserve5 In unrestrftted funds of about £76.000, which 15 one months nrestricted regularly re-occurring Charitable expenditure. The trustses conslder that thi5 level will provide sufficient funds to respond to an unexpected drop in income or rlse in expendtture in the short terrn allowlng flxed assets to be realised sht)uld the need ar15e. The balance held as unrestrirted fund5 at31 December2025 was £3,936,916 of whlch £560,705 are free resefves held vlthln the General and des(gnated funds after deduction of all ranglb1e fixed assèts. and investments. Westminster Chapel Tr Objectlves and Artlvities The Trl￿e5 conflrm that they have complled wlth the duty In $ertlon 4 of Chapter 1 of the Charltles Act 2011 have due resard to the public benefit guidano publlshed by the Charity Comm15sion In determlning the actIvI￿e5 undertaken by the Chapel. The Chapel's oblect set out In Its Articles of Associatlon Is to advance the Chri5tlan faSth as an Independent protestant church according to the Basis of Faith,. The Chapel's Vislon as set out In Vlslon Statement Is to see WLsndreds of lives transfomied. tens of congregatlons started,. More detalls are avallable at our web51te http'.IAwM.westmlnsterchapel.org.uklwho-we- arel. Prattlcally speakingthis means gle55ing Everyone. Strengthenlng Bellevers and Training Leader5. The Trustee5 do not belleve that It Is posslble to acturatety report on the IndI￿dual performance of the above as they are Intrlnskally Ilnked and thus Impossiblè tr> account for independentty. The Trustees beliwe that to do so would not glve an accurate representatlon of the Chapeys purpose or achievements. However th¢ Chapefs signiftcant activbties that advance its vision indLtde- A Sunday service forthe proclamation of the Christian faith, corporate worshlp, the studyof thè Bible and the mutual encouragementofthoseattendin8.A Iow-c05t lunch Icateringfor i¢)0-120 people eachSundayl Is provltled for anyone that ￿)Uld like to attend. Leamlng lunches take place on Sunday5 approxlmatety once each month and acts as a forum for dlscussion and debate of currenttytopical faith issues on soclal and other medla. Llfe Groups. small rèlatlonal groups of 8-14 people that meet durin8 the weèk in people¥ homes across London to encourage frlendshlp and disclpleshlp. A Foodbankwhich gwes three days of nutrStionally balanced Inon-p*rishable} food and support to people experfenclrtg ernotlonal orfinanck41 crlsis In the borough of Wesrmlnster. Childrèn and Youth Ministy. provldes actfvitles on a Sunday and dLtring the weeL to equlp and bulld frlendships. Prayer Meetings both Y￿k￿and month￿. Mission and Benevolent G¢vlng:TheChèpel g￿eS about a tenttrtof Its Incometo mlsslon causesthatfurther Its v151on In London and overseas, and also provldes finan¢lal support. loans and glfts, to members and frlends ofthe Chapel experlenclng financial hardship. Pastoral Care Team that prowdes care, support and rel3tional connections to members in nèed. The Tnjstees are confldent that the church has athanced the Christlan falth for the public benefit. The Chapel recelves a certaln amount of voluntary help. It 15 not posslble to quantlfy the value of th1& Achievements and Performance Members In 2025 the Chapel had 19 new members, 14 rèslgnètlons and lapse5 and 2 baptlsm& Comparative figures for 2024were 9 new members, 29 resIgna￿On$ and 1 baptism. Westminster Chapel Sunday Seryb￿s and Spedal Se￿ces We hold one Sunday servlce at 11AM every Sunday, except for when the Chufch Is closed for our annual ChLtrch weekend away durlng the thlrd week In August and also when Chr15tma5 Day falls on a Sunday. The Chapel beneltted from the ministry of several guest speakers, Mark Waterfield, Malcolm Kaye5. Kevln Bartlett and Terry rgo. In addltlon to thlsseveral preachlng serles were followed whlch Included Levs Gol, The Klng Is Comlw Meet Jesus, Exodus, Filllng London with Followef5 ofle5U5. Llfe Together and Tltus. These serles all look at contemporary socletsl an%J personal155ues wlth a blbllcal perspecdve. Life Groups At the end of the year there were 73 Chapel Ufe Groups. Th15 Is an increase on the 10 Lrfe Groups operatlng in 2024. Thls Increase resulted frgm a new life group starting In West London. Summer Weekend Away The Chapel held its flrt Summer Away resldentlal halfboard 2 nlght weekend last Augusrfrom Frfday 15th to Sunday 17th of August 2025 at the Un￿rsitY of KenL There were over 100 who attended. Adults and children aged 3 years and upwards each paid a subsld$5ed sum of £60 towards the COSL This event wa5 open to all Members and regular attenders. Foodbank 1.156 adults and 263 children were fed through the Foodbank in 2025. a decrease of 346 adults and 129chlldren. Compared wÉth the 1.502 adults and 392 chlldren fed by the Foodbank in 2024. This fall stems from its closure from 20" October untll 3rd November and then Its part clost1￿ from 3° November untll 19th December to enable a significant refurbishmentto the maln storage rooms. Total income of £197,618 Included grantfunding 9btained totalllng£85.OOOforthls refurblshment, aswell as £33.809 tofund an onsiteYKJrkerfrom citizensAdw￿l￿j days per week. Foodbank costs of £191,737 included the refurbishment costs of £64,537 and paylng Citizens Athce £33.475 for Its ad￿ce worker. A full.time Foodbank Coordinator. y￿rkIng 4 days per we*l sUPPOrted by 3 addltlonal pald part ￿me support workers. working o comblned total of 4 days per weel oversee the running of the Centre, managingvolunteers, funds and seek ways to Increase publlc awarene55. We cortlnue to seek growth In thls mlnlstry and are looklngfor loral funding to asslst us in the runnlng of the Foodbank. Children and Youth The Chapel had an average of 26 chlldren èged ¢>10.12024.' 261 and 5 children aged 11-1812024.. 71 at its Sunday orning online servkes In 202& Thls Is unchanged from those chlldren and youth attendlngduring 2024. Prayer During 2025, 8 prayer meeting5 were held on Sundays on the flrst Sunday of each month, startlng May. Before everysunday mornlngservlce, a falthful group.growlngln numbers, meets to pray. from 10.10AM untll 10.45 AM. New Acre Cafe New Acre Café is 51tuated at the maln front entrance, open to members of the public betsyeen 9.00 AM and 430 pm Mondaythrough to Thursday. Westminster Chapel Current and Future Charitsble Artivities Mlsslon and Benevolent Fund Gfvlng The Chapel gave £53.843 In Mission and Benevolent Glvlng for the 12 months ended 31 December 2025. A summary of the reapients are included in the accounts. Upc¢)rnln8 2026 Mlnlstrles Our sem)on series for the coming year include.. New Beginings, looklng at Chapterfs 14 & 15 in the Book of Art% Meet JèsLts whlch looks at the storie5 of Indiwduals encounters wlth JesLts and what thls teache5 us about our relationship wlth HIM. Later on In 2026 we wlll look at Galatlans. another Letter wrltten by the Aposde Paul and the Book of Eccle51a5tes. written by King Solomon. taklng a look at how both of these are relevant to our Ilves today. Financial Review The financlal results from 1 Jan 2025 - 31 Dec 2025 show a net surplus of £87,448. The Ch4pel 15 5ubstantlalty funded by donations from its ctsngrègation. These enable staff to be employed and premlses maintsined $0 that the Chapel can carryout its mlnistry. Fundralslng Westsmlnsterchapel engaged In fvndraisln& This tookthe form of receI￿ngfrte-wlll offering51donatlons, some of whi¢h were gift alded. from mernbers of our fellowshlp durlng the year. However, we dld not contract the se￿Ice of any professional ftJndraiser5 as defined by section 58 of the Charities Act 1992. Other than publicly invitlng an offerlng at every serylce, we do r￿t engage In persistent fundralslng or Intrusive fundraising practices wlth any of our donols. includin8vulnerable people, and we never have prfvatè orcoercwe dt5cussion5wlth Indlvlduals about their giving. Our fundraising practices are ethlcal and 4¢cordance with Biblical princlples. No complaints were re￿iVed about our fundralsSng prathces. Related Parties An unlncorporated excepted charlty, known as Wesrmlnster Chapel. Is the legal 0¥￿er of the land ancl bulldlngs known as Westmlnster Chapel. Bucklngham Gate. The Westmlnster Chapel corporate charity Ts the trustee of thi5 unSncorporated charlty and Is permitted to use the Chapel property for worshlp, by persons being Protestant Dissenters of the Independent Denomina¢ion. bya CharltyCommlssSon scheme dated 14 November2013. ￿rther detslls about the use of this property aretsn in Ntste 10. Westminster Chapel Mart5eTru5t15 a re8i5tered charlty Ino:259677land Is the legal owner of a leasehold property. The Westmlnster Chapel corporate charlty is trustee of thls unlncorporèted charlty and Is pemiStted to use the leasehold pr(>perty by a Charfty Comm1551on scheme dated 14 November 2013. Further detalls about the use of this propertyare given in Note 10. Westminster Chapel Statement of Trustees, responsibilltles Th&T￿SteeS Iwho are also dlrectors of WÈstminster Chapèl forthe purpose5 of company lowl are responsible for prÈparingtheTrustees'Annual Report and thè financial statements in accordance with applicable law and UnÉted Kingdom Accounting Standards (United Kin8dom GeneraltyAccepted Accountyng practi￿). Company law requlre5 the Trustees to prepare financlal statements for each flnandal year which glve a true and falr vlew of the state of affalrs of the charltsble company and of the Incomlng resources and appllcat(on of resources, Includir*g the income and expendlture, of the charStable company for that period. In preparing these nancial statements, the Trustees are requlred to- selea sultable accountlng pollcles and then applythem corslstenttr. observe the methods and principles in the Charities SORP.. make judgments and estimates thèt are reasonable and prudenL state whether appllcable UKAccounting Standards have beenfollowÈd. sublecttoanymaterlal departure5 dlsclosed and explained tn the financial statements: and prepare the financial Statements tsn thegoing con¢ern basis unless itis Inapproprlate to presume thatthe charitable company will continue in business. The Trustees are responsible for keeplngadequate accoun¥n8 records that are sufflclent to showand explain the charltable compar7Y5 tran5artlons and di5c105e wtth reasonable accuracy at any tlme the flnanclal posltion of the charitsble compariy and enable them to ensure that the financial 5taternents comply the Companles Act 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for t4￿ng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. In so far a5 the Trustees are aware.. there is no relevant audSt Informatlon of whlch the charltable companys audltor Is unaware.. and the Tfustees have taken all steps that they ought to have Liken to make them5efves aware of any relevant udit Informatlon and to establlsh that the al￿ltor Is aware of that Informatlon. In prepartng thls repor¢ the Trustees have taken athantage of the small companies exemptlon5 provided by part 15 of the Companles Act. On behalf of the Trustees james Edwards Date.. 6"jU￿ 2026 Westminster Chapel. Bucknngham Gate, London, SWI E 68S Opinl•n We have audlted the financlal statements of Westminster Chapel Ithe'charityl for the year ended 31 December 2025 whlch comprfse the Statement of Flnanclal Attlthtles, the Balance SheeL the Statemènt of Cash ADWS and the notes to the financial statements, including a summary of signrficant atcounting policie5. The financial reporting framework that has been applied in their preparatTron is applicable law and United ￿ngdoM Accounting Standards, including Financial Report*n8 Standard 102 The Finuntial Reporting Stondurd opplic¢ible in the UK ond Republic of Irelond (United ￿ngdoM Generally Accepted Accounting Prarticel In our opinion the financial 5tstements'. give a true and fair wew of the state of the charitable companls affairs a5 at 31 December 202S and of its incorning resource5 and application of resources for the yearthen ended,. have been properly prepared In accordance with Unl￿d Klngdom GefterallyAccepted Accountlng Practlce,. and have been prepared In accordan￿ wlth the reqvlrements of the Companles Act 20Q6. Basis for opinKoh We conducted our audit in accordance with International Stsndards on Audlting IUKI IISAS IUKII and appllcable law. Our responsibllities underthose standards are further described in theAuditor's responsibilities forthe audit of the financial statements settlon of our report. We are Independent of the charitable company In accordance wlth the ethlcèl requlrements that are relevant to our audlt of the Thnantlal statèments in the UK. tncluding the FRCS Ethlcal Standard. and we have fulfilled our other ethlcal responsibllitie5 in accordance with these requirements. We believethatthe audfcewdencewe have obtalned is sufficièntÈnd appropriateto provide a basis forour opinion. C¢ncluglons r•latlTrg to golng ¢onwn In audttlng the flnanclal sta￿Ments, we have concluded that the trustee¥ use of the gokng concem basls of accountlng In the preparatlon of the flnanclal statements Is appropr*ate. Based on the work we have performed, we have not Identlfied arty material un¢erta5ntles relatlng to events or condltlons that, Indfv]dLtalty orc0llea￿ety, maycast slgnfflcant doubt on the Charltys abllltyto condnueas agolng concern for a perlod of at least 12 months from when the financlal statements are authorlsed for Issue. Our responstbilities and the responslbillties of the tnJ5tee5 with respect to going concern are de5crlbed In the relevant sectlons of thls reporL oth•r Inforniatlon The other information comprise5 the knformation induded the annual repor¢ Includlng the trustee￿ report other than the financial Statements and our auditorf5 report thereon. The trustees are responslble for the other information contsined wthin the annual report. Our opinton on the financial statements does not coverthe other Information and. except to the extent OtherW￿e eXplic￿Y stated in our report, we do not express any fom) of ssurance condusion thereon. Our responslbllty Is to read the other InfOrma￿On and, In dolng so. consider whether the other information ts materlalty Inconslstent wlth the flnanclal statements or our knowlèdge obtained in the course of the audit. or othernlse appears to bè Mate￿allY mlsstated. If we Identlfy such material Inconsistencies or apparent material misstatements, we are requlred to detemilne whether this gNes rise to a mater*al mi55tatement in the financial statements thernse￿es. If, based on the work we have performed. we conclude that there Is a materlal m*5Statement of this other information, we are required to report that f3cL We have nothlng to report In thls regard. Opinlons on other matters prescrlbed by the Comp•nles Art 2006 In our oplnlon, based on the work undertaken in the course of our aud4t.' the Infomiatéon glven In the trustees. report, which inclydes the direttors, report prepared for the purposes of company law. for the financial year for which the financial ststements are prepared is consistent with the finèntial 5tstements', and the dlrettors, report Included wlthln the trustees, report has been prepared in accordance wlth applicable legal requirement5. Matt•rs on whlch w• ar• r•qulr•d to r•port by •xe•ptT¢n In the light of the knovledge and understanding of the charity and its e¢wlronment obtalned in the course of the audlt, we have not identified materlal mlsstatements In the dlrectorg report Incltsded with the trustee5' reporL We have nothingto reportin respettof thef011￿n8 matters In relatlon towhi¢h the CornpansesAct 2(KJ6 require5 us to reportto you if, in our opir*ion'. adeq*Jate and proper accounting records have not been kept. or re￿rn5 adeqsjate for our aljdit have not been received from branches not wsited by u5.. or the financial Statements are not in agreement with the accounting record5 and returns,. Of certaln disclosures of trusteÈg rèrnuneration speclfied by law are not made., or we have not received all the inforrnation and expSanations we require for our aud1¢ or the trustees were notentitled to prepare the financid statements In accordance wlth the smèll companles regime and take advantage ofthe small companies exemptSons Sn preparing the trusteeg report ènd frtsm the requirement to prepare a strate￿C report. Responslbllltles of trust••s explained morè fully In the trustee¥ respoftslbllltles statemenL the tru5tees' (who are also the dlrectors of the charltoble company ft>r the pvlposes of company lawl are responsible for the preparatlon of the finandal ststements and for being satisfied that they gwe a true and fair view, and for such Internèl control as the trustees determine 15 nece55ary to enable the preparation of flnancial statements that are free from matsrial mlsstatemenL whether due to fraud or error. In F¢reparlngthe financlal 5tstements. the trustee5 are responsible fora5sesslngthe charws abilityto continue as a going concern, dlsclosin& as appllcable, matters related to golng concern and using the going concern basis of accountlng unless the trustees either Intend to Ilquldate the £ompany orto cease operations. or have no realistic alternative but to do so. Audltofs responslbllltles forthe audlt of the flnandal statements Our oblettives are to obtaln reasonable assurano Jbout whether the financial Statements as a wholè are free from materlal mlsstatement, whether due to frèud or error. and tQ i$5ue an auditorts report that Includes our oplnlon. Reasonable assurance Is a hlgtr) level of assurance, but is not a guarantee that an audlt condutted In accordance ￿thIsAS lu￿ wlll always detetta materbal misstatementwhen it exists. Misststements can arise from fraud or elrorand a￿ considèred material rf, indwidually or in the aggregate, they could reasonabty be expected to influence the e¢onomic decisions of users tsken on the basis of these flnanclal statements. EPENDENT A PORT T THE MEMBER OF TMIN TER CHAPE corttln The extent to which our procedures art tapable of ¢Jetectin8 irregularities. including fraud is detailed belowr. Based on our understanding of rhe company. we identified that the Principal risk5 of non-compliance with laws and reg¢Jlatlons related to employmentand financlal reporting legblatlon and we considered the extent to whlch non-cotnpllance might have a materh71 effeit on the finanoal statements. We also consldered those laws and regulation5 that have a difert impact on che preparatvjn of the finarKi61 ststerllents such a5 the Compan*es Aci 2006 and the Charlties Act 2011. We assessed ihe susceptiblllty of the compatys finandal statements to materSal mlsstatemenL Includln8 obtainlng an understanding of how fraud might occur. by makin8 enqulries of managemenr, considerfn8 the internal contro15 in place and discLt5sion anK)ngst the engagement tearn. We dererrnined that (he princlpal rlsks were related to management blas In accounfjn8 e5tlrnates. pre5entatSon of separately dlsclosed Items and managemeni owerr4de of controls. In responsè to the rlsks I￿en￿fied we ije¥gned procedures whlch Indudtd. but were ntst Ilmlted to challengln8 slgnillcant accounting esrimates, agreeing financk41 sratement disc105ures to underfyinB 5UPPOrting docurnentatlon, revlewln8 ¥ru5t¢e5 minute5, evaluatin8 the Internal controls and identifyin8 and testln8journal entrles. There are Inherent Ilmltattons In the audit proce¢Jures de5c￿belI abm. The more removed that law5 and regulatlons are from flnanclal transattsons, the less Ilkety it Is that we %￿Ul￿ b￿Ome aware ol non4ompllance. Material m155taternents that ar15e due to frèud can be harder to detect than those that arise from èrror as they rnay Involve dellberaie concealment or collusion. A further descrlptlon of our responslbiiirles for rhe audit of the flnznrlal 5taremenr5 15 located on the Flnanclal Repgrtln8 Councifs web51te ai: hltpjhth￿.frc.oT8.￿kla￿dIt0Tsr¢$P0n$Ib4l1tlt5. Thls descrlp¢ion forms pan of our auditor's repcrL U•¢ QI our report This report 15 made 501ely to the chartsble COM￿ny'S member* as a boty, in attordante ￿rh Chapter 3 of Pèrt 16 of the Companles Att 2006 and re8ulatlons rnade under that AQ Oltr audlr work has been undertaken so that we mlsht 5rate to Ihe charltable companys members those marters we are requlred to S￿re to rhern In an auditors, report and for no other purpose. To Ehe fullest extent perrnitted by law, we do not accept or a55ume responsibility to anyone other than the charitable company and lis Th￿berS as a body. for our aud51 work. for this report, or forthe oplnlons we have formed. Mlrlam Hlckson FCA CTA (Senlor Statutory Audlt+xl fgr and on behalf of Xelnadln Audlt Llmlted Statutory Audltor Chartered A¢¢ountants 5 Robln Hood Lane Sutton Surrey SM1 2SW io Westminster Chapel Statement of Financial Activitie5 lincluding the Income and ExpenditLtre Account) For the year ended 31 December 2025 Year ended 31 Dec 2025 Restritted Unre5trlcted Total Funds Funds Year ended 31 Dec 2024 Rearlcted Unrestricted Totsl Funds FuThJs Note Incomefvi.. Donation5, granrs, legacie5 Charitable athtties 199,118 601402 801,520 186,806 558,718 745.524 57,090 57.0 54398 54398 Other tradlng actwitles Investment& other income Totsi incorne 345,284 345.284 296,911 296.911 26,040 26.040 24,668 24,668 199.118 1,030,816 1,229.934 186306 934,695 1,121501 Eyenditure o Charttable aCti￿tIeS 131,161 3.D11.325 7.142.486 156,862 947,245 1.104,707 Total expendlture 131,161 7.011325 7.141486 15&862 947,245 1.104,107 Net lexperxlllurel lincome 67.957 19,491 87,448 29,944 1115501 17.394 Transfer bets¥een Funds 17 16&1891 6&189 (6881 Other reco8nise galnsand tosses Losse5)IgaSns on revaluation offiKed assets Net movement in funds 1.768 85.680 87.448 30,632 11*238) 17.394 Recondllation of funds Total fijnd i¥ouBht rorward 178,627 3*51.236 4.029,863 147,995 3,864,474 4.012,469 Total fvnds carried forward 18Q395 3,936,916 4117,311 178,627 3A51236 4,029.863 The no￿$ numbered i to 17 form part of these financial statements. Westminster Chapel Balance sheet as at 31 December 2025 37.122025 31.12.2024 Nrte Tanglble assets Propertle5 Equlpmentand fumilure Property Improverner Investmenrs 10 1.850,000 414,389 1,711,823 1,85)￿00 466,888 1.102.533 12 13 3.376,212 3,419,421 Current assets Stocks Oebtors and popayments Cash at bank and in hand 27.727 26.582 14 125,028 113,372 734.323 887.078 660.850 0,804 CUr￿Trt liablllties Crtd¢tors'. arftounts fallin8 due withln oneyear 15 145,979 190,362 NetaiiYentQ55ets Net assets 741,099 4,117,311 610.442 4.029,863 16 Funds Restricted fvN15 Unrestrfcted funds Revaluatlon reserves Deslgnated fijnds General fund5 77 180.395 178.627 17 17 420.614 447.060 17 3,516J02 4,117,311 3A04.176 4029,863 Total funds The notes numbered 1 to 17 form part of these financial statements. These flnancial statements have been prepared In accordance wlth the special prowsions of Part 15 of the Companles Att rdating to small companies. These financial statements We￿ 3pproved by the trustees on 6th July 2026 and signe(F on their behalf by. James Edwards, Trustpe Richard Bursby. Trustee Company number. 06458950 12 Westminster Chapel Ststement ofcash ftows for the year ended 31 December 2025 Yearendernm15slon ApostolicTrust 1,372 1,372 6.0(Xl 28,OD4 8267 3,000 1213 6.5LMJ 20P04 7,737 2,950 21Y) 1,2 6.OtK) 46B04 6,0(MJ 28.004 8.267 3,00 FIEC Agape Evangelical Allan PowerThe Fight The Gate Pregnancy CrfsL% Centre Total Olts 1.200 1.200 52,471 1,372 53,843 7. Support Costs 2025 2024 Staff costs Prem15es costs Professional & consulting costs Depredatlon Gtsvemance co$￿. Audltor5 remuneratlon Other costs 235,252 134.310 15.542 118268 150,063 187,769 26.796 11 ?.573 9,600 56.347 569J19 8.820 83,143 568,164 8. Staff costs 2025 2024 Wage5and sak8rie5 Soclal secur4tyc05ts Penslon cosrs Severance paymer Otheremployrnent costs 422,976 25,733 19,518 342,140 20,024 18,027 1,954 470.181 2.879 383,070 The average number of full time and part ttme staff employed bythe Chapel durir)8 the yearwa$ 2012024- 191 There were no employees who recelved employee benefits of more than £60.CX)0. 12024: none). 18 Westminster Chapel 9. 2025 Related party transactlon5 Remuneratlon wès paid to trustees and thelr c105e famlly as follows.. Solory& stiriol securityCQSts Peftsion cortrlbution Total rernuneratio 94,194 94,194 5,243 5,243 One trustee was remunerated forthelr employment as Is the spouse of a trustee. james Edwards. the Sensor Finance Officer received salary and the employeffs pension contributions for the financial year totslling £51.969The spouse and adult son of one ofthe ￿￿ertrusteeS were both employed parttime a5 the childrens work Leader and on è part time basls as one of the Premises Assistants. She was reimbursed expenses that she incurred for herworktotalllng £252. The total salary and pension contributlons for err>ploylngthe son was £22,262 forworklng a totsl of 1,488.5 hours. includlng additional hoLtr5. The spouse's total 5alaryand penslon contributlons totalled £17,229. These payments are allowed underthe terms of the companys Memorandum and Artides of Association.ThetOtsl employee benefits rece¢ved by keymanagement personnel narned abovè were £56,188. In addirlon. Westminster Chapel paid Management Liabillty Insurance for all of the Trustees which cost £753. 2024 Comparative Related party transaction5 Remuneration was pald to trustees and their dose family as follow5.. Solury& 50dtsl 5ecurltyCOSts Pension contrlburion Benefitsin ￿nd Total remunerauon 63,976 63,976 4,888 4,888 One trustee was remunerated for their employment as isthe spouse of a trustee. Jamès Edwards, the Ser*lor Finance Offlcer ￿ceiVed salary and the employerfs pension contributions for the financial year totalling £50,624 The spouse and adltltson of one of the othertrustees We￿ both employed parttime as the Chlldrens work Leader and on a casLtal ba515 as one of the Prerni5es Assistants. She was reimb*Jrsed expenses that she incurred for herwork totslllng £70. The toral salaryond social securityco5ts for employing the son was £6.709 for 489 hours of work. The spouse's total salary and pension cortributions totalled £1 5,365. These payments are allowed under the terms of the companl5 Memorandum and Articles of A550ciadon. The totsl employee beneflts received by key management personnel named abovewere £50,624. Ir7addition, Westminster Chapel paid Management Llabllity Insurance for all of the Trustees which cost £68 19 Westminster Chapel 10.Properties Proper￿eS- leasehotd 31.?22025 31.12.2024 Reldenljal propetyvalue brought forward Value carried forward 1,850,000 1A50,000 1.850.000 1,850. The charity is not the legal owner of the Residential and Chapel properties but enloy5 the use of them a5 explained in Èhe Trustees Report. The right to use them is therefore recognised as a leasehold fixed as5eL vthth a correspondlng amount of income at the date the right to use began. The fasr value of the assets is estimated from the financlal benefits expected to flow to the charity as it will avol(f the cost It would otheM5e have incurred In obtaining premlses. For the residential propèty this was estimated using open market value. as athsed by surveyors b¥hen the use began. adjusted for5ubsequènt impairment. The Chapel propety is a speclalised property. sublett to speclffc hlstorlcal trusts on how it may be used. The trustees Cannot reliabty estimate the falr val￿e of the use of this premlses and therefore no initlal assetvalue and corresponding donatlon has been rec08nlsed. Improvements to the Chapel propety are capitalised in note 12. 11. Equipment and Furniture 31.122025 31.122024 Cost BfoughtfoFward Addttlon5 in the year DIsp05als Carried forward 813,236 15,464 752,490 60,746 828.7 813236 Accumulated DepreCIa￿on artyjght for4vard 285.080 Charge for the year Released en dlsp05al Carrledfotward 67.963 61.268 414.311 Net bookvalue Camedforward 414,389 466,88B 20 Westminster Chapel 12. Premrses Improvements 31.12.2025 37.1Z2024 Cost Brought fo￿8rd Add*tions In year Cairted fotward 1,257.642 59,596 1,317,238 1,257.642 1.257,642 Acturnulated Depreclath)n Broughtfornvard Charge forthe year Carried forw4rd 755.109 50,306 205.475 104.804 50,305 155.109 Net bookvalue Carrfed forward 1.111,823 1,102.533 13. Flxed Asset Investments 31.112025 31.122024 8roughtfornard (5posal in y2Ji Carrled forwar 21 Investynent In wbsldlary The subsjdiary company. Bookroom@westminsterchapel Llmtted. was dlssolved on 22 ottober 2024. 14.Debtors 31.12.2025 31.12.2024 Amtsunts fallln8 (hte withln one year Arcounts rece￿able Other de￿rS Prepayments 47,464 22,546 55,018 125,028 50A21 25.343 37,608 113,372 15.Creditors 31.12.2025 31.122024 knounts fallin8 duewithln one year Accounts payable Other credftor5 Taxatlon and 50£ial securlty Acuuals 397 133,097 6,516 50.352 190362 92A91 10.199 43,289 745,979 21 Westminster Chapel 16. Analysls of Net Assets between Funds General Designated funds Restrkted Total furK(s funds 2025 T8nglble fEich wlll be amortlsed at a rate rnatching the depreclatlon applled on the capitslised expenditure at the rate sptcified note 1 E. The Fabrlc Fund is intended to meet the ffjst of all repalr5. refurblshmerts, equlpment replacement and maintenance costs which do not occur with annual regularity and whose timing can be uncertain. It receives transfers annual￿ frorr7 the General Fund setwlth reference to thefull rebuildSng c05tfor insurance purposes. The Mlnlmum ReseThe5 Fund Is a fijnd whlch has its level set èt three months of oll expenditure whlch is expecred to re-occur at least once per year. The Foodbank fund supports the operatlon of the Food Bank. Please refer to page 5 ft>r more infonTration. A trènsfer was mède from the Foodbank fund to the general fund in respett of the capital expenditu￿ on the refurbishment ofthe stora8e room durlng the year. The Campbell Morgan Lfbrary refurblshmentwas completed in 2025. Atran5ferwas made from the CMLfund to the general fund in rèspert of furnlture purchased during the year. The Walth3m5tow fund Is belng accumulated untll thè new church plant In Walthamstow flnrls premises to operate from and requests that these funds are released. The transfers from unrestricted funds were made to meet expenditure which exceeded restrlcted incorne. where the tnjstees are not ctsnfident that future recelpts wlll cover these deficits. 23