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2025-09-30-accounts

REGISTERED CHARITY NUMBER: 1163291

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2025

for

The Well Sheffield Baptist Church

Sutton McGrath Hartley Limited 5 Westbrook Court Sharrowvale Road Sheffield S11 8YZ

The Well Sheffield Baptist Church

Contents of the Financial Statements for the Year Ended 30 September 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 18
Independent Examiner's Report 19
Statement of Financial Activities 20
Balance Sheet 21 to 22
Cash Flow Statement 23
Notes to the Cash Flow Statement 24
Notes to the Financial Statements 25 to 36

The Well Sheffield Baptist Church

Reference and Administrative Details for the Year Ended 30 September 2025

TRUSTEES

Rev. N Allan Mr S J Spendlove Mr A D Lawley Mrs K Beale Mrs N Ennis Mr Q Williams (resigned 21/7/25) Miss N Fennell (resigned 2/4/25) Ms J Ford (appointed 22/6/25)

REGISTERED OFFICE 603 Ecclesall Road Sheffield South Yorkshire S11 8PR

REGISTERED CHARITY NUMBER 1163291 INDEPENDENT EXAMINER Sutton McGrath Hartley Limited 5 Westbrook Court Sharrowvale Road Sheffield S11 8YZ BANKERS HSBC Bank PLC, 22 The Moor Sheffield S1 4PA

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

The Trustees present their annual report together with the financial statements of The Well Sheffield Baptist Church (the charity) for the year ended 30 September 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts.

OBJECTIVES AND ACTIVITIES

Policies and objectives

The principal purposes of the Church are set out in the constitution, as follows:

The advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

The constitution states that activities to meet these objectives may include, but are not restricted to:

Main objectives for the year

In its tenth year of operation, the charity was principally concerned with flourishing as a church community in its premises on Ecclesall Road, while encouraging and supporting the autonomy of The Ark (formerly our church plant, The Well at Woodseats) and fostering new church communities in other areas of the Sheffield region.

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

Strategies for achieving the objectives

A Senior Leadership Team is drawn from permanent staff who assume aspects of the strategic and operational oversight, under the authority of the Trustees. This includes the Senior Ministers, the Director of Operations, and a Newly Accredited Minister. The volunteer Charity Trustees continued to meet regularly.

As a staff and leadership team, we hold annual strategy days in July, early September, and January, during which we revisit our vision and objectives. These can include a SWOT analysis, where we openly consider what is working well and what needs attention, and other ways to receive congregational and staff/leaders' feedback. For example, during 2024 we realised that we needed to spend time listening to those aged 45 and over in our congregation and ensure that the different ages in the church were as integrated as possible. This led to a consultation process and survey in early January 2025, and remains an ongoing focus of our work.

We maintained a group of volunteer key leaders from among the congregation to oversee some of our principal areas, including worship, Sunday services, children's work, youth work, mid-week community leading, serving the poor and vulnerable, relating to young adults and students, and some administration.

We ran a successful sixth year of an internship program, and ninth year of our Deeper School of Discipleship.

We ran several public courses of self-improvement and empowerment relating to spirituality. We concluded in May 2025 as a hub for church-plant training for members of The Well and others in the region. This was in partnership with Myriad, a national initiative that facilitates a 2-year learning pathway with the tools needed to plant and establish new church communities.

We continued to run mid-week 'community' groups across the city, including identifying and training their associated leaders both pastorally and missionally. This year, we were able to increase the number of these communities, enabling many more people to access deeper relationships and discipleship within the church.

We promoted our 'Everyone Disciple One' initiative, whereby our people focus on being disciples of Jesus, who raise new disciples of Jesus. www.everyonediscipleone.com

We mobilised proportions of the congregation voluntarily to join in with specific activities, including volunteering in ministries (children, youth, outreach, worship) and supporting local charities reaching out to those in need.

We engaged our congregations often regarding our financial position and encouraged people to contribute financially regularly. In addition, we ran a 'Lose the Loans' campaign to pay off our outstanding building debt. Following a vision-led fundraising campaign during our 10th anniversary year, by the end of September 2025 we were delighted to have repaid a total £162,000. Some financial pledges continue to be given on a monthly basis. Our aim was to fully repay our outstanding loans by the end of this calendar year. We are hugely grateful to all our donors, as it will allow a far greater freedom in our budget going forward, and enable us to focus our income on the current mission and ministry of the church.

In Autumn 2024, we received a separate, substantial financial gift from within the church family. We are extremely grateful that this has enabled us to:

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The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

Statement of public benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. The Trustees are also aware of the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The Charity provides the following activities for the benefit of the general public:

The Trustees confirm that they have complied with and paid due regard to their duties under section 17 of the 2011 Charities Act with regard to public benefit in planning and managing their activities during the year.

Grant-making Policies

Grants are made to beneficiaries in furtherance of the Charity's objectives. The majority of grants are made to registered charities, although assistance may be given to other constituted groups and occasionally to individuals. The Trustees have referred to the guidance on public benefit issued by the Charity Commission when reviewing the Charity's objectives and grant-making policies.

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

ACHIEVEMENTS AND PERFORMANCE

Celebrating our 10th Anniversary

The Well Sheffield celebrated our 10th anniversary in September 2025, marking a decade of faithful witness and community transformation since its launch in 2015. What began as a group of around 25 friends and family, led by Revd Dr Nick and Marjorie Allan, who responded to God's call to plant a new faith community, has flourished into a dynamic church rooted deeply in prayer, worship, and a passion for authentic New Testament Christianity.

The church found its home in a historic former Methodist building, and it felt like a divine convergence of people, calling and place. Over the years, The Well has cultivated a culture of joyful celebration, community service, and spiritual formation, growing by about 100 people annually before the COVID lockdown, launching ministries for all ages, and sending out mission teams into the city with the tagline "Serving Sheffield since 2015." Our journey has been marked by sacrificial generosity and miraculous moments; for instance, we secured the purchase of our building against the odds through prayer, persistence, and vital support from the Baptist Union and Yorkshire Baptist Association (YBA).

Looking ahead, The Well Sheffield continues to be fuelled by a vision of multiplication - calling new disciples to imitate Jesus in word, deed, and wonder across all spheres of life. The church remains deeply committed to raising leaders, fostering a multicultural and multigenerational community, and continuing its mission to serve both locally and globally through partnerships and generous giving. A key highlight of this current season is our ongoing "Lose the Loans" campaign, which has already seen remarkable progress in repaying our building debt thanks to the generosity of supporters.

The Well expresses our heartfelt gratitude to the YBA for their steadfast encouragement, prayer, and resources that have been integral to The Well's journey and growth. Together, they look forward to unleashing a new decade of life-changing discipleship, mission, and revival for Sheffield and beyond, with a resolve to see the gospel's transformative power ripple through every corner of the city and nation.

Finally, the staff, Senior Leadership Team and the volunteer Trustee team, have consistently sought to remain faithful to our guiding aims and objectives and our values (www.wellsheffield.com/values), and have sought to act in the best interests of the church and charity in all their dealings and decisions. We thank our outgoing Trustees during this period, and we are grateful to the current Trustees for the time they have invested and for the time they are yet to invest.

The Ark Woodseats becomes autonomous

During this period our 2020 church plant, The Well at Woodseats, continued to develop in aspects of local leadership and autonomy. We followed a fully transparent consultation process during 2024 with both congregations of The Well Sheffield and The Well at Woodseats, and our partners the Yorkshire Baptist Association, of testing our shared discernment that it felt right to progress towards full autonomy for our Woodseats congregation by the end of 2024. In Autumn 2024 they chose to rename as 'The Ark, Woodseats'. In January 2025 we joined together for a Sunday service to celebrate their journey so far, and to commission The Ark to become an autonomous new Baptist church.

In effect, The Ark Woodseats launched as an autonomous church from then onwards. However, the formal processes to register as a charity and open bank accounts were not all completed across this period. Some functions remained under The Well Sheffield charity oversight, including The Ark's safeguarding policy and finances, while The Ark Trustees group were fully empowered in the day-to-day management of the church. We are delighted about this multiplication of churches for the sake of the kingdom and our city, though that team and friends are greatly missed. We are grateful to the staff and volunteers at both sites for their diligence and focus as the two churches began a new season. The leaders of The Well and The Ark, Woodseats remain supportive of each other and are in regular contact as part of a network of prayer.

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

Review of the charity's activities SUNDAYS:

Sundays and the gathered expression of the church have been both exciting and significant over the last year. There has been widespread national analysis of the slow growth of the UK church in recent years that would point to a 'quiet revival' or slow awakening. Research, such as that produced by The Bible Society in 2025, points to both a spiritual hunger, a rise in Bible study, a rise in Bible sales, and a rise in church attendance across the UK church since 2018, with a sharp increase across the last year. Both national church leadership and research agree that this is most markedly seen amongst the Gen Z generation, and interestingly, amongst young men. This has been clearly visible in the life of The Well Sheffield, and we continue to draw people from all backgrounds and walks of life. It appears that attending a Sunday gathering has even been a more popular first step for people than some of our other outreach ministries. We have worked hard as a church to welcome new people; to make our services easily accessible; to improve our pathways to belonging and connection; to give away Bibles to new people; and to hold increasing numbers of newcomers' events where we explain the vision, values and workings of the church for transparency. Our culture of everyone disciple one, where we encourage people to come alongside new people in their journey of faith in a low-control way, is significant to helping people remain within the culture and continue a journey with God.

The Sunday gatherings have also been marked by an increasing sense of the presence of God through worship, prayer, and Bible teaching.

All of the time, our different teams have sought creatively to develop the ministries and volunteer base that run alongside our gatherings, such as the development of our children's and under-5s work, our daytime drop-in café, and our student and youth work and communities. We remain a multigenerational church, so investment in all these areas is important to us. The Well has also continued to develop very much as a multicultural expression of church, and this is celebrated annually with our All Nations Sunday, which celebrates the diversity of culture and colour within the life of the church.

A Sunday milestone was the celebration of our tenth anniversary on September 14th, 2025, followed by a large church family party. During this celebration, we told the story of the beginnings and birth of our church, the development of different ministries and communities since, and the multiplication of the new expressions of church that have come out from The Well Sheffield. It was a very encouraging time for everyone involved. Thanks and acknowledgement were given to all the former leaders, volunteers, and Trustees who have played a significant part in the life of the church in the past.

COMMUNITIES:

'Communities' are mid-week groups that meet across the city in people's homes. Incorporating food, prayer, and Bible exploration, they are a place to belong beyond Sundays and are key in maintaining good relationships and encouraging discipleship across the church.

Across this year, we focused attention to start several new young adult groups including for graduates remaining in the city; specifically, four new communities were able to launch for this age group. We were also able to birth new communities to accommodate some of the people who became new believers following our recent Alpha courses. Our other existing communities continued to meet, and, in total, eighteen community groups were meeting across the city this year.

All our communities engaged in a discipleship program known as the 'Practicing the Way' multimedia course developed by the team from Bridgetown Church in Oregon, USA (explained more in our Christian Discipleship section). We continue to offer support and oversight to our community leaders through regular corporate training and times of socialising and encouragement. The annual leaders' barbecue was an opportunity to thank the community leaders for their ongoing commitment and tremendous sacrifice as they welcome, feed, and pastor people. Belonging to a community group remains hugely significant to people journeying with the church over the long term.

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The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

YOUNG ADULT MINISTRIES:

In July 2024, the former Minister in Training who had been leading our young adult work departed Sheffield for a new position. Tim and Ruth Rogers, a young adult couple from within our congregation, stepped into this leadership role. They have led one of our young adult communities for many years and run our young adult weekends in the past. They worked hard to set culture for this ministry and to disciple the young adult leaders and community leaders. The ministry ran events throughout the spring and summer, such as lunches, a barbecue, and a board games party. It is a great success that we have launched several new community groups for this age, enabling us to draw more people into the heart of the church. We are grateful for the sacrifice of all our young adult leaders in leading their peers.

STUDENTS:

The student ministry at The Well has continued to flourish over the past year, welcoming several new students - many new to the faith and eager to grow in their relationship with God - while strengthening those already walking with Him. Students met regularly on Wednesday evenings, alternating between community groups and our "All In" gatherings for worship, teaching, and fellowship.

Before the summer holidays, students demonstrated great boldness by engaging in street outreach - sharing the gospel and praying for some. This followed focused gospel training, which equipped our students for effective evangelism and helped them grow in confidence in sharing their faith publicly.

In November 2024, Oyindamola Imole-Oduguwa joined the staff team as our Student Worker. She has led the ministry alongside a newly selected and committed team of student leaders, following the graduation of about 15 members. These leaders have been trained in community leadership, prayer ministry, and service leadership, which strengthen the foundation for future growth and discipleship.

Highlights

Testimony

"Going out on the streets to share the gospel was a big step for me. I'd never done that before, but I saw how God can use simple conversations to touch lives and encourage others."

Looking Ahead

In the coming year, we aim to deepen discipleship, grow in passion for Jesus, and be bold in mission-sharing our faith both personally and collectively. We're excited to see how God will continue to move in and through the students at The Well.

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The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

CHILDREN AND FAMILIES:

Under-fives and their families at The Well mid-week and Sundays

We continued to celebrate an increase i) in new births this year and ii) in the number of families with babies and under-fives connected to The Well through Sunday gatherings and the Little Droplets and Baby Droplet groups, which are based at The Well. Little Droplets mid-week group offers a safe, warm, friendly, and loving environment for mums, dads, grandparents, and carers with their babies and toddlers. This group has grown in number and diversity. Little Droplets continues to welcome new families - new to the area and new to parenthood. God continued to bless this ministry with an amazing team, from retired people to young adults and students. Baby Droplets is an afternoon group for mums or female carers with newborn-to-walking babies. Both of these groups are missional opportunities, serving and blessing families in the local community, the city of Sheffield, and even families travelling from outside the area. Many families who attend these groups also join us for Christmas, Easter, and other celebrations throughout the year. We also take the opportunity to bring the truth of Christmas and Easter into these groups and have opportunities to share Jesus and pray with and for all who attend.

- Sundays at The Well: Families with children aged 0 11 years

We have welcomed many new young families to The Well on Sunday mornings, including people new to the area, city, and country. During the second part of our Sunday services we run discipleship groups for different ages:

Children's Teams

We continued to recruit and train new volunteers and develop teams and new opportunities for children and families to connect with Jesus, the church, and our community.

The 'Church Centre' platform continued to provide a safe check-in and registration procedure for all children and remains part of our safeguarding procedure. Wellkids continued with two football teams that meet on a Friday night in a local Christian league, providing both missional and discipleship opportunities. New family community groups have begun, meeting for breakfast and lunch with other families on Sundays.

Families

Other family events and celebrations included a Light Party, Family Carol Service, Christingle/Nativity, and a new Easter Trail in a local park.

The Church Family Meetings and associated bring-and-share lunches continued to take place on Sundays after the morning service. All ages can share lunch with the wider church family regularly, enabling intergenerational connections and opportunities for families and children to be involved.

New 2024-25:

We held prayer and worship gatherings with opportunities for children and families to be welcomed and included.

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

YOUTH 11-18s

After the departure of our previous Youth Ministry Leader in September 2024, we were unable to recruit a new youth leader for some time, despite several rounds of advertising. One of our Ministers oversaw this function within their other responsibilities for an additional day a week, to ensure continuity and growth, and to raise new team members. Despite these challenges, we have continued to prioritise discipleship and missional endeavours among youth.

The Sunday youth programme and meeting space was revamped, with age-specific content for Y7-9. There was increased engagement and participation among the young people who have begUn to invite their friends. We began an evening hangout and Bible study for youth in Y10+, which follows the Discovery Bible Study format. This only saw a small number of young people engage, and so from September 2025, we moved this to Sunday morning, meaning that we were able to offer two parallel age-and-stage-appropriate youth groups for Y7-9 and Y10+. Numbers for both groups increased.

We recruited and trained an intergenerational team of 18 people to lead Alpha Youth, which took place from April to June 2025, and saw several young people engage for the eight weeks of the course. The young people shared stories of how they had grown in faith, were regularly reading the Bible at home, had tried praying, and several were interested in follow-up conversations about baptism.

In summer 2025, we were delighted to appoint a new Youth Ministry Leader, Emily Stones, who took up post in September 2025.

CHRISTIAN DISCIPLESHIP AND TRAINING:

Our constitution states that an important pathway to achieving our charitable objectives is the "nurture and growth of Christian disciples," "education and training for Christian and community service," and "giving and encouraging pastoral care".

In recent years, we have invested significant energy into maintaining a great culture within our faith community and in training and empowering many people in the Christian life and fullness of life in general. This year was no exception. We set up and ran a range of training courses, both for existing attendees and the local unchurched. These included: Alpha Courses, baptism preparation, marriage preparation classes, and new joiners 'get-to-know-you' events. Our mid-week community group leaders attended an evening training session around the respected 'Practicing the Way' course. This course is designed to encourage and equip people to understand their faith journey as apprenticeship to Jesus: learning to be with Jesus, be like Jesus, and do what Jesus did. Our leaders were then prepared to take their midweek groups through a process of learning and reflection on ancient Christian practices and how to incorporate these spiritual rhythms into everyday life - practices such as prayer, fasting, Sabbath, generosity, and scripture. We continued a rhythm of training weekends for the whole church at two points across the year. The first was in November 2024, run in partnership with Youth with a Mission and The SEND UK, and provided space to both deepen our relationship with God and pursue revival through street evangelism. In February 2025, the second training weekend had an emphasis on 'whole life discipleship', with a Friday and Saturday workplace-focused event run in partnership with the London Institute of Contemporary Christianity, incorporating many voices and stories from within our own congregation. This was followed up on the Sunday with a guest speaker in our services, Caroline Skinner of Third Space Ministries, who encouraged us to think about how we can be intentional to share our faith in environments where people meet to develop friendship, discuss issues and relax, from coffee shops to gyms, pubs, sports clubs, nightclubs, and social groups.

To support personal development, in September 2025, we began a 'Preachers' Club' to equip members of our congregation to grow and practice their speaking skills, and this will remain a feature in our upcoming year.

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

Ministerial Development:

We invest significantly in our ministerial staff for the sake of the whole church. Support is offered through line management, monthly reflection groups, a rolling programme about the gospel in contemporary culture, and safeguarding awareness/training. Our whole staff team attended termly strategy days and a short retreat.

Deeper School of Ministry

For the ninth year, we ran 'Deeper', our nine-month, one-day-a-week Christian Discipleship School (www.wellsheffield.com/deeper) aimed at training and equipping adults to go deeper in faith, in understanding the Bible, and in Christian discipleship and service. Towan Greene led this school alongside four volunteer team members. There were twelve participants from three different Sheffield churches, including The Well. Deeper met on Monday daytime across the academic year. Days were built around a mixture of worship and prayer, Bible and discipleship teaching, small group discussion, and outreach in the local community. Bible teaching and discipleship input came from the Deeper team, the wider staff team at The Well, and various guest speakers, including visiting missionaries operating in different parts of the world.

In April 2025, a team of 13 people (plus two children) comprised of Deeper students and team travelled to Lisbon for a week to visit and serve with the Iris Global base there (https://www.irisglobal.org/locations/lisbon), seeking to share and demonstrate the love of Jesus in some of the poorest areas and communities of Lisbon.

Towards the end of the year, Deeper hosted an evening service at The Well in which Deeper students led various elements and shared testimonies of being impacted and transformed throughout the course of the year.

EVANGELISM AND OUTREACH:

Our strategy, 'Everyone Disciple One', is to share the good news of Jesus by empowering all our people to be disciples who reach out to others to raise new disciples. We encourage people to take responsibility for this in their everyday lives. During this period, we saw people putting these methods into practice, introducing Christianity, and reading the bible with people. As a result, we saw new people becoming disciples of Jesus.

The Alpha Course has been a strong feature of this year, running three times over the period. It was undoubtedly key to many people taking a journey of faith and becoming Christians over this last season.

Our building-based evangelistic initiatives continued, including Sundays and youth and children/families' activities, such as our Light Party at Halloween, a Good Friday Easter experience, and Christmas events such as Christingle. Annually, we hold a street party with a barbecue and family activities and invite student Freshers and those around us in the neighbourhood to join in, leading into an evening service with a gospel message.

The two baby groups, Little Droplets and Baby Droplets, which serve our local community, continued to grow. Our families ministry runs regular outreach events throughout the year.

The Spirit Café drop-in centre continued to open its doors throughout this year. Some of our Well Communities continue to engage weekly in street evangelism.

In November 2024, we hosted a training weekend, developing our relationship with God. We partnered with YWAM (Youth with a Mission) and The SEND UK and Ireland to host an 'Send Experience' night with 350 people in attendance. We also hosted two visiting YWAM teams that weekend, who engaged in street evangelism with people from The Well.

In February 2025, we also hosted another YWAM team, known as Circuit Riders, who were running a tour across the UK, reaching youth and students with the gospel. Over a few days, we hosted a worship night and specific events for young men and women at The Well Sheffield, aimed at drawing people closer to Jesus.

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The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

SERVING THE POOR AND VULNERABLE AND GENEROSITY:

One of our key values is to find ways to love and serve the poor and vulnerable around us. We do not believe in starting things just for the sake of it and try to join in with existing initiatives where possible. Many of our people serve in ministries and initiatives across the region, nation, and internationally.

Over the years, we have heavily promoted the work of the Food and Communities Trust (previously known as the S6 Foodbank). We encourage financial gifts as a practical response and several of our congregation are among the consistently faithful local volunteers. Our Christmas 2024 offering was divided between the Food and Communities Trust and the international charity Medair (specifically to benefit displaced people groups).

FINANCIAL GENEROSITY:

The Well prioritises being generous to other causes and aims to give away approximately 10% of our annual donation income, in line with our charity objectives. In the 2024 to 2025 financial year, we gave to a mix of projects in support of mission within our denomination, one-off offerings to immediate causes, and to a discretionary fund.

We continued a sub-committee called 'Well Beyond' to research and recommend to the Trustees outlets for a share of our financial generosity, and to strengthen our ties with kingdom and/or development initiatives beyond ourselves and our city. Funding decisions are reported at our Church Family Meetings. The Well Beyond team incorporated a number of new members during this period and revisited their vision and strategy. They continue to aim to share out their giving both locally and internationally, and to a mix of mission, serving the poor and vulnerable, and church planting.

We continued to administer our discretionary compassion fund to support church family members who were experiencing financial hardship because of their circumstances.

Here is a summary of our financial generosity during this period, in line with our charity purposes:

GIFTS TO UK BAPTIST CAUSES Marco and Cinzia Basile(Siciliy) £500
Baptist Home Mission £16,000 Elizabeth Finney £200
BMS World Mission £3,600 Food & Communities Trust (Forge
Youth)		 £1,000
SPECIFIC OFFERINGS FOR CAUSES Food & Communities Trust (S6
Foodbank)		 £1,200
Food and Community Trust, S6
Foodbank(Christmas offering)		 £550 Gem Uganda (care for abandoned
children with special needs)		 £500
Medair UK(Christmas offering) £550 House of Opportunity (preventing
modern slavery)		 £300
DISCRETIONARY GIFTS Iris Lisbon £500
Discretionary gifts £2,305 Iris Partner in South Asia £480
We Care Compassion Fund (for
church members in immediate need)		 £5,630 Justice Rising (education in conflict
zones)		 £500
The Ark Woodseats,externalgiving £400 M4, Kenno & Jana Leier (European
Church Planting)		 £1,250
WELL BEYOND FUND FOR MISSION Open Hands support for asylum
seekers)		 £1,000
All Nations Church,Fir Vale £2,000 Networks Romania (community
developmentprogrammes)		 £500
Arise Sheffield £240 Sunergos(strategic consultancy) £1,700
Pastor Rasgo (Philippines, church
planter)		 £1,017 YADA, Burundi (Vulnerable children
and for the buildingof a well)		 £3,000
Sheffield UniversityChristian Union £250
Smile Uganda £500

The sum of all our external giving was £45,671.94 amounting to 8.9% of our annual operating donation income (including Gift Aid) for this period.

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The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

WORSHIP AND COMMUNITY LIFE OF THE CHURCH:

As well as Sundays and online, we held regular events and opportunities for people to worship in a variety of ways:

2025 saw the formation of 'The Well Collective', a group of singers and musicians writing homegrown worship songs. Many of these began to be incorporated into Sunday services, and in May 2025, we professionally recorded a homegrown worship album, 'Clear the Way,' released on all streaming platforms in September 2025: https://www.wellsheffield.com/wellcollective

We worked hard to maintain our sense of community life. We hosted several weddings, we shared communion on Sundays and we celebrated festivals - Christmas, Easter, Mother's Day, Father's Day, Pentecost, Remembrance Day, and Passover. It was great to celebrate our 10th anniversary with a special service featuring stories from the members who helped shape our church over the decade. A deep sense of gratitude for all God has done was felt. This was followed up with an anniversary party for our church members, involving much food, laughter, and fun.

INTERACTING WITH LOCAL, NATIONAL, AND INTERNATIONAL CHURCH:

We continue to interact with local churches to build relationships and seek ways to collaborate. This includes our Senior Ministers frequently attending city-wide, cross-denominational church leader prayer events. Also, as part of giving away beyond our own cause, we began more regular financial donations to Arise Sheffield, a prayer and mission movement that invites believers in Sheffield to live their faith more freely. Our ministers also invested time in guest speaking at the New Wine discipleship training course based at STC Sheffield, and Spring Harvest Holidays young adult week in France.

We continue to be grateful and hugely appreciate our accountability and partnership with our regional and national Baptist family (pastorally, relationally, financially, and missionally). Our partnership with the YBA includes membership and frequent interaction; for example, in February 2025 some of the larger churches in our region spent a few days exploring how we might collaborate to church plant. We are in the middle of a partnership agreement with YBA around church planting and best practices in leadership training. This two-way relationship sees The Well supported financially and with leadership wisdom (as The Ark transitioned to independence), and The Well extending our internship and placement opportunities to others from around the region, to experience good practice in the context of a healthy, growing local church.

We are grateful to Alex Harris, Regional Minister, for the times he has come to speak to our Sunday congregation this year, strengthening this connection with the YBA and supporting us as we released a team to transition The Ark from being a church plant into an autonomous church. Our Senior Ministers established a network of leaders in relationship with us, to support each other by praying weekly online and meeting in person monthly for social times and prayer together.

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The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

In October 2024 Marjorie Allan attended the Church Leader Forum of Fusion student network. We sent delegations to some national and international forums, focused on raising millennials and students in the church. Our Senior Minister engaged with conversations about national church-planting initiatives in multiple contexts. Our staff team regularly offer advice and consultations to other Sheffield churches around youth, students and outreach initiatives.

As planned, in 2025, we concluded being a regional hub with Myriad, a national church-planting initiative we have partnered with since 2023. This has been a valuable space where we train and mentor both our own church members and those in the region who seek to run volunteer-led micro-churches in South Yorkshire. Two of our church members established a community of faith at a local gym in partnership with its owners.

Nick Allan, our Baptist Minister, continues to head up the Centre for Baptist Ministry at St Hild College alongside his part-time hours at The Well. This centre was established in June 2024, aiming to identify, raise, and train both Baptist ministers in training and lay leaders across the north of England. We continue to expect that there will be crossover and benefits of Nick's two roles for The Well Sheffield, considering our emphasis on church planting.

Nick and Marjorie Allan attended the National Church Planting Conference Network Day in London, which aims to catalyse the multiplication of churches through intentional disciple-making, normalising church planting, revitalising existing churches, reimagining future churches, and developing the next generation and leadership pipelines.

We continued to interact with The SEND, a campaign activating believers across the UK and Ireland to live a missional lifestyle by adopting and reaching real mission fields at home and abroad. Some members of our church were an integral part of the national team organising this. We hosted a 'Send Experience' night in November 2024, and in January 2025 Marjorie Allan spoke at their young adult weekend away in Lincolnshire.

The Well hosted the Baptist national Everyone Everywhere conference, gathering over a hundred Baptist ministers from around the nation to explore best practices in discipleship, mission, and church planting with much storytelling and testimony-sharing. The Well's worship and ministry team were able to bless all the leaders present. In particular, people from small church environments appreciate such input times.

COMMUNICATIONS AND MEDIA:

Communications and Media at The Well continued to be a priority and a key component of our outreach, impact, and connectivity. We maintained two websites across The Well brand and created much in-house media, plus our popular weekly "Family news" videos. We produced multiple print solutions, including posters, banners, flyers, t-shirts, and online graphics. It has been challenging to maintain this vital ministry and communications function during this period due to financial restraints, and we are grateful to those who have served it. A flagship production in this period was our 10th Anniversary Celebration booklet and webpages, telling the story of The Well Sheffield during its opening decade.

Social media

The Well Online (6:30 p.m. Sunday livestream) saw a small number of regular live viewers, with many more on catch-up through the week. This, along with other video and digital content, saw over 2,500 hours of YouTube content watched and a 44% increase in subscribers from last year. Additionally, over 55% of our YouTube 'watch behaviour' is new viewers. On our Instagram and Facebook pages, we maintained a consistent presence of around 3k subscribers. A dedicated Student Instagram page was set up to reach students, providing them with a dedicated content feed; although fledgling, this continued to grow.

Internal communication with church members

Over the summer of 2025, our Operations team surveyed our church members to ask their preferences in how we communicate to them. It revealed strong trends and helpful feedback (e.g. our communications were seen as important and useful, but Facebook was dropping in popularity, and our 'Church Centre' platform wasn't serving our needs well). Our operations team then researched new methods and platforms to effectively communicate our internal information, to be implemented in autumn 2025.

Page 13

The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

The Church does not measure the success of its programs only in numbers, including financial numbers, but also in areas of well-being like fellowship and encouragement. We believe that 2024-25 was another fruitful year for the life of our community. In addition to our reviews and activities already mentioned, we can point to:

VOLUNTEERS:

We encourage a culture of volunteering in all areas of our work and are grateful for the way we pull together as a community to fulfil our vision. The vast majority of our activities involve considerable input of time and energy by Church members. Around 250 different people have given volunteering time this year - often on Sundays, but also to our mid-week ministries and community groups. On an average year, we calculate that Church Members collectively volunteer around 10,000 hours per year; this is the equivalent of 5.5 full-time employees. No financial value of volunteers' time has been included in the financial statements.

Page 14

The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT: Constitution

The charity is called The Well Sheffield Baptist Church. It is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 25 August 2015, and its governance is laid out in its CIO constitution document. The date of adoption of the CIO's constitution was 2 July 2015, with a minor amendment in 2019.

Method of appointment or election of Trustees

The constitution allows for up to eight Baptist Members to be appointed as Charity Trustees, in addition to the Minister(s). Each such appointment requires approval by a majority of Church members. The Trustees meet regularly to discuss and plan objectives and their implementation. Trustees are encouraged to access training relating to their roles and responsibilities.

During this period, two of our Trustees resigned and one new Trustee was appointed. The Trustee team currently comprises six members.

Organisational structure and decision-making

Members of the Charity/Church are accepted in accordance with the Constitution and at the discretion of the Charity Trustees. During the period of this report, Baptist membership numbers decreased from 107 to 88. This was expected, as many members formally transferred to The Ark, Woodseats (our former church plant) when it became an autonomous Baptist church. Our members are required to have professed faith in Jesus Christ and are expected to take an active role in the responsibilities and life of the Church. The Church Members' Meetings take place several times per year.

In accordance with the Constitution, the Members appoint up to eight unpaid Trustees, including Church Secretary and Treasurer, who together with the Minister(s), are responsible for the overall policy and day-to-day running of the church's work and witness, and the financial and legal aspects of the charity. Relevant matters may be submitted to the Church Members' Meeting by the Trustees for guidance or may be raised by Members for further consideration by the Trustees. All Members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives.

The consultation of Church Members and the involvement of Members in decision-making is an important principle within a Baptist Church. Members are encouraged to listen carefully to each other and express views that will aid decision-making before reaching a decision. Though the Constitution permits decisions to be made at Trustees' meetings and significant decisions at 'Church Family Meetings' (CFMs) by appropriate majorities, in practice the Well's leadership seeks to work by consensus wherever possible. Our regular CFMs are open to anybody who actively considers The Well their church. Only on the occasions when issues are required to be decided by vote do the charity/Church members have sole rights in decision-making.

By the end of this period, the number of paid staff members was the equivalent of 8.15 full-time employees, a reduction in staff from 9.2 in the previous period. Day-to-day leadership matters are determined and managed by the two Senior Ministers (one of whom is a Trustee) and a Senior Leadership Team of two others during this period, under delegated authority from the Trustees.

Risk management

Under the Statement of Recommended Practice (SORP) 2015 regulations it is recommended that Trustees complete an ongoing Risk Management review. The Trustees have undertaken this review during the year to identify and manage the principal risks that may deter The Well Sheffield Baptist Church from achieving its main objectives.

Page 15

The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

The Trustees have reviewed areas of risk during this year. We continue to monitor our GDPR compliance. David Sisson is our Data Controller. Other existing policies and supporting procedures were reviewed and maintained, including finance and a risk register, around the following: Fire, Asbestos, electrics/gas, lone working, accidents/first aid, working at heights, manual handling, welfare, terrorism/security, display screen equipment, garden, pandemics, and flu.

The Well ensures that matters identified as potential risks are discussed, reviewed and mitigating action to reduce or eliminate risk is implemented.

Safeguarding

The Well operates a comprehensive Safeguarding policy and practice for children and adults-at-risk. During this period, the safeguarding team and Trustees met regularly to review policies, procedures, and actions.

At the beginning of this report's period, our Designated Person for Safeguarding role (DPS) was shared between two of our Trustees (Kate Beale and Nicola Ennis) temporarily while a new DPS was sought. During this time, Phil Smith was the Deputy DPS (DDPS) for The Ark, Woodseats. Rev. Toby Butler was our DPS for a number of months, but stepped out of this when he took on new employment, at which time Phil Smith stepped up to become DPS for both The Ark and The Well Sheffield. The DPS is assisted by a nominated safeguarding Trustee and a safeguarding voluntary team of DDPS drawn from experienced professionals within the congregation. The team continues to utilise a nationally recognised safeguarding case management system called 'MyConcern', which enables safe and efficient processes to be followed for all involved.

Following our usual annual practice, our policy was reviewed by Trustees and was adopted by the Church Family Meeting at our February 2025 meeting, as a way to ensure we all take ownership of implementing a safeguarding culture within the full life of the church.

We held compulsory safeguarding training for our staff, as well as on-demand video training content being available. Volunteers within our ministries, such as children/youth and community leaders are required to undergo training on a regular basis. Topics included safeguarding of children, adults at risk, mental health awareness, and domestic abuse awareness. We continued a comprehensive process to ensure that all staff and volunteers who worked with children had up-to-date DBS checks and training.

Page 16

The Well Sheffield Baptist Church

Report of the Trustees for the Year Ended 30 September 2025

FINANCIAL REVIEW

Introduction

The accounts are prepared in accordance with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities FRS102 (as amended in February 2016), as well as the Charities Act 2011.

During the 2024 to 2025 financial year (12 months) the total income amounted to £568,630 (£575,455 in 2023 to 2024) including:

Total operating expenditure for the financial year came to £547,299 (£531,244 in 2023 to 2024). This included (for example):

Net income for the period after depreciation charges and loan payments was £21,331 (£34,211 in 2023 to 2024).

The Charity (church) continues to raise most of its funds necessary to carry out its operating activities from within its own membership and congregation. No wider public appeal was made for funds during the year. We are grateful to the Baptist Insurance Company Association who supported us with a generous grant towards funding our Student Leader post.

Despite minor fluctuations in church family members choosing to give voluntarily by monthly bank commitment, the church continued to welcome new, regular attenders and members who, in turn, have made a financial commitment to give each month. This resulted in the number of church family members choosing to give voluntarily by monthly bank commitment remaining reasonably consistent throughout the year. This provides stability and confidence for forward financial planning. We continue to promote the use of Gift Aid across the church family, including ensuring the additional income and significant benefits this generates is reported. We submit Gift Aid claims monthly. We would like to record our ongoing gratitude to everyone who contributed during the year.

The church continues to be heavily dependent on church family members volunteering in all aspects of the church's activities, many of which run with little or no impact on the church's expenditure. This contributes substantially to the achievement of the church's objectives, and the leadership and Trustees are continually grateful for their ongoing support.

Going Concern

The Trustees maintain the reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements

Reserves Policy

Since September 2018, the Trustees have maintained an agreed reserves balance in case of unforeseen fluctuations in income or expenditure and to meet Charity Commission guidelines. This policy is reviewed annually as part of our ongoing governance review to ensure that level is still appropriate and was increased from £80,000 to £120,000 in February 2021. The Trustees are content to maintain that same level of reserves for the immediate future.

Setting an annual budget

The Trustees plan a detailed annual budget which, once agreed, is presented to the Church Family Meeting for comment. The focus is to continually meet our charitable objectives and to be an outward-looking church and charity, particularly focused on mission both to the local and Sheffield communities, as well as UK and international opportunities to serve and to give financially.

Page 17

The Well Sheffield Baptist Church

Report of the Trustees

for the Year Ended 30 September 2025

Depreciation

An explanation is covered in the notes to the accounts.

Principal Funding

All debtors are considered good for the full amount owing; all obligations have been and will continue to be met as they fall due.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 20/01/2026

........................................................................ Rev. Dr. N Allan - Trustee

Page 18

Independent Examiner's Report to the Trustees of The Well Sheffield Baptist Church

Independent examiner's report to the trustees of The Well Sheffield Baptist Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

Your attention is drawn to the fact that the Church has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Church as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  4. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

James Salim FCCA

Sutton McGrath Hartley Limited 5 Westbrook Court Sharrowvale Road Sheffield S11 8YZ

Date: ............................................. 21/01/2026

Page 19

The Well Sheffield Baptist Church

Statement of Financial Activities

for the Year Ended 30 September 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
493,720
Charitable activities
5
Courses
14,900
Rent
3,653
Conferences
950
Investment income
4
2,424
Total
515,647
EXPENDITURE ON
Charitable activities
6
Administrative expenses
399,782
External Giving
39,642
Loss on disposal of tangible fixed assets
2,517
Total
441,941
ORDINARY NET INCOME
73,706
Extraordinary donations 3
-
TOTAL NET INCOME
73,706
Transfers between funds
16
119,778
Net movement in funds
193,484
RECONCILIATION OF FUNDS
Total funds brought forward
1,130,967
TOTAL FUNDS CARRIED FORWARD
1,324,451		 Restricted
funds
£
52,983
-
-
-
-
52,983
99,328
6,030
-
105,358
(52,375)
161,765
109,390
(119,778)
(10,388)
22,623
12,235		 2025
Total
funds
£
546,703
14,900
3,653
950
2,424
568,630
499,110
45,672
2,517
547,299
21,331
161,765
183,096
-
183,096
1,153,590
1,336,686		 2024
Total
funds
£
554,572
10,747
2,780
4,596
2,760
575,455
490,287
50,301
656
541,244
34,211
-
34,211
-
34,211
1,119,379
1,153,590

The notes form part of these financial statements

Page 20

The Well Sheffield Baptist Church

Balance Sheet 30 September 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
1,156,217
CURRENT ASSETS
Debtors
12
13,456
Cash at bank and in hand
226,593
240,049
CREDITORS
Amounts falling due within one year
13
(46,954)
NET CURRENT ASSETS
193,095
TOTAL ASSETS LESS CURRENT LIABILITIES
1,349,312
CREDITORS
Amounts falling due after more than one year
14
(24,861)
NET ASSETS
1,324,451
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
12,235
12,235
-
12,235
12,235
-
12,235		 2025
Total
funds
£
1,156,217
13,456
238,828
252,284
(46,954)
205,330
1,361,547
(24,861)
1,336,686
1,324,451
12,235
1,336,686		 2024
Total
funds
£
1,161,044
14,209
241,786
255,995
(61,501)
194,494
1,355,538
(201,948)
1,153,590
1,130,967
22,623
1,153,590

The notes on pages 25 to 36 form part of these financial statements.

The notes form part of these financial statements

continued...

Page 21

The Well Sheffield Baptist Church

Balance Sheet - continued 30 September 2025

The financial statements were approved by the Board of Trustees and authorised for issue on 20/01/2026 and were signed on its behalf by:

............................................. Rev. N Allan , Minister

The notes form part of these financial statements

Page 22

The Well Sheffield Baptist Church

Cash Flow Statement for the Year Ended 30 September 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Finance costs paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Extraordinary donations
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
71,678
(10,086)
(1,024)
60,568
(37,098)
2,424
(34,674)
161,765
(190,617)
(28,852)
(2,958)
241,786
238,828		 2024
£
102,626
(16,129)
-
86,497
(15,636)
2,760
(12,876)
-
(27,809)
(27,809)
45,812
195,974
241,786

The notes form part of these financial statements

Page 23

The Well Sheffield Baptist Church

Notes to the Cash Flow Statement

for the Year Ended 30 September 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025 2024
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 183,096 34,211
Adjustments for:
Depreciation charges 39,407 41,967
Extraordinary donations (161,765) -
Loss on disposal of fixed assets 2,517 656
Interest paid 10,086 16,129
Finance costs 1,024 -
Interest received (2,424) (2,760)
Decrease/(increase) in debtors 754 539
Decrease in creditors (1,017) 11,884
Net cash provided by operations 71,678 102,626
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/10/24 Cash flow At 30/9/25
£ £ £
Net cash
Cash at bank and in hand 241,786 (2,958) 238,828
241,786 (2,958) 238,828
Debt
Debts falling due within 1 year (29,993) 13,530 (16,463)
Debts falling due after 1 year (201,948) 177,087 (24,861)
(231,941) 190,617 (41,324)
Total 9,845 187,659 197,504

The notes form part of these financial statements

Page 24

The Well Sheffield Baptist Church

Notes to the Financial Statements for the Year Ended 30 September 2025

1. GENERAL INFORMATION

The Well Sheffield Baptist Church is a Charitable Incorporated Organisation, incorporated on 25th August 2015 (registered charity number: 1163291). Its registered office is The Well Church Sheffield, 603 Ecclesall Road, Sheffield, South Yorkshire, S11 8PR. The objectives of the charity are set out in the trustees report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom andRepublic of Ireland (FRS 102) and Charities Act 2011.

The Well Sheffield Baptist Church meets the definition of a public benefit entity under FRS 102.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Church makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

(i) Depreciation

Depreciation has been charged on fixed assets based on the useful economic life of those assets.

Income

All income is recognised once the Church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donated services or facilities are recognised when the church has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the church of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised - please refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Church which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

continued...

Page 25

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. ACCOUNTING POLICIES - continued

Income

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Charitable activities and Governance costs are costs incurred on the church's operations, including support costs and costs relating to the governance of the church appointed to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

Pensions

The Church operates a defined contribution pension scheme for it's employees. A defined contribution plan is a pension plan under which the Church pays fixed contributions into a separate entity. Once the contributions have been paid the Church has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Church in independently administered funds.

Tangible fixed assets

Tangible fixed assets are carried at cost net of depreciation and any provision for impairment.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value.

It is provided over their expected useful lives on the following bases:

Freehold property - 2% - straight line Fixtures and fittings - 20% - straight line Computer equipment - 20% - straight line Other fixed assets - 20% - straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes.

continued...

Page 26

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

2. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Open plate offerings
Miscellaneous income
Extraordinary donations – ‘Lose the loans’ (see page 3)
Grants received, included in the above, are as follows:
MIT Grant
Church planting grant
Misc grants
4.
INVESTMENT INCOME
Bank interest		 2025
£
417,793
90,990
22,833
11,148
3,939
546,703
161,765
2025
£
-
17,000
5,833
22,833
2025
£
2,424		 2025
£
417,793
90,990
22,833
11,148
3,939
546,703
161,765
2025
£
-
17,000
5,833
22,833
2025
£
2,424		 2024
£
401,577
88,204
54,333
8,668
1,790
554,572
-
2024
£
7,333
22,000
25,000
54,333
2024
£
2,760		 2024
£
401,577
88,204
54,333
8,668
1,790
554,572
-
2024
£
7,333
22,000
25,000
54,333
2024
£
2,760

continued...

Page 27

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

5. INCOME FROM CHARITABLE ACTIVITIES

Course
Rent
Conferences		 2025
£
14,900
3,653
950
19,503		 2024
£
10,747
2,780
4,596
18,123

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Administrative expenses
External Giving		 Direct
Costs
£
499,110
45,672
544,782
Administrative expenses
Staff costs
Other personnel costs
Facilities maintenance & development
Loan interest
Utilities
Communications and promotions
Hospitality
Ministry delivery
Honorariums and gifts
Professional fees
Software and licences
Insurance
Training and professional development
Travel and subsistence
Church resources - books and videos
Printing,postage and office supplies
Festivals and parties
Telephones and internet
Bank charges
Ecclesall rent
Woodseats rent
Depreciation		 Unrestricted
funds
2025
£
245,924
3,485
18,337
10,086
19,544
4,796
7,277
5,086
2,390
7,440
8,868
4,161
2,522
2,438
2,554
2,809
10,138
1,043
967
435
75
39,407
399,782		 Restricted
funds
2025
£
66,324
-
8,776
-
-
3,530
852
839
1,200
-
711
276
7,098
368
420
127
1,287
-
57
-
7,463
-
99,328		 Total funds
2025
£
312,248
3,485
27,113
10,086
19,544
8,326
8,129
5,925
3,590
7,440
9,579
4,437
9,620
2,806
2,974
2,936
11,425
1,043
1,024
435
7,538
39,407
499,110		 Total funds
2024
£
328,690
3,248
9,481
16,129
19,994
2,699
4,565
11,568
1,020
9,533
6,478
5,816
10,737
1,305
1,089
3,795
1,510
1,049
2,251
315
7,048
41,967
490,287

continued...

Page 28

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Depreciation - owned assets 39,407 41,967
Deficit on disposal of fixed assets 2,517 656

8. TRUSTEES' REMUNERATION AND BENEFITS

As authorised by the governing document of the Church, N Allan, Trustee, received remuneration totalling £24,596 (2024: £49,968) in respect of his services as minister of the church. This includes employer pension contributions totalling £1,230 (2024: £2,324). He received no remuneration in his role as trustee.

S Spendlove, Trustee, received remuneration totalling £15,344 (2024: £14,390) in respect of his services as caretaker. This includes employer pension contributions totalling £455 (2024: £388). We declare that there is no conflict of interest with regards to S Spendlove being employed in this way and that the Charity Commission was informed.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

9. STAFF COSTS

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
284,095
18,435
9,718
312,248		 2024
£
297,899
19,631
11,160
328,690

The average number of persons employed by the Church during the year was as follows:

The average headcount expressed as full-time equivalents was:

2025 2024 No. No. 12 14 2025 2024 No. No. 8.3 9.2

No employee received remuneration amounting to more than £60,000 in either year.

Key management personnel is considered to be the Head of Operations. Key management personnel benefits paid through payroll for the year ended 30 September 2025 is £41,613 (2024: £39,654).

continued...

Page 29

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
2024
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
492,938
Charitable activities
Courses
10,747
Rent
2,430
Conferences
4,596
Investment income
2,760
Total
513,471
EXPENDITURE ON
Charitable activities
Administrative expenses
406,978
External Giving
38,255
Total
445,233
NET INCOME/(EXPENDITURE)
68,238
Transfers between funds
(48,455)
Net movement in funds
19,783
RECONCILIATION OF FUNDS
Total funds brought forward
1,111,184
TOTAL FUNDS CARRIED FORWARD
1,130,967		 2024
Restricted
funds
£
61,634
-
350
-
-
61,984
83,965
12,046
96,011
(34,027)
48,455
14,428
8,195
22,623		 Total
funds
£
554,572
10,747
2,780
4,596
2,760
575,455
490,943
50,301
541,244
34,211
-
34,211
1,119,379
1,153,590
2024

continued...

Page 30

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

11. TANGIBLE FIXED ASSETS

Freehold
Plant and
property
machinery
£
£
COST
At 1 October 2024
1,279,286
101,863
Additions
12,299
19,467
Disposals
-
(13,115)
At 30 September 2025
1,291,585
108,215
DEPRECIATION
At 1 October 2024
150,938
85,074
Charge for year
25,610
8,587
Eliminated on disposal
-
(11,961)
At 30 September 2025
176,548
81,700
NET BOOK VALUE
At 30 September 2025
1,115,037
26,515
At 30 September 2024
1,128,348
16,789
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift aid receivable
Prepayments and accrued income		 Fixtures
and
fittings
£
33,868
2,136
(3,407)
32,597
23,943
2,733
(2,598)
24,078
8,519
9,925		 Computer
equipment
£
14,491
3,196
(3,401)
14,286
8,509
2,477
(2,846)
8,140
6,146
5,982
2025
£
6,847
6,609
13,456		 Totals
£
1,429,508
37,098
(19,923)
1,446,683
268,464
39,407
(17,405)
290,466
1,156,217
1,161,044
2024
£
7,057
7,152
14,209

Trade debtors includes amounts due from HMRC for Gift Aid claims.

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 15)
Trade creditors
Social security and other taxes
Pensions payable
Other creditors
Accruals and deferred income		 2025
£
16,463
4,172
7,757
1,988
-
16,574
46,954		 2024
£
29,993
1,413
5,093
1,586
5,712
17,704
61,501

continued...

Page 31

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other loans (see note 15)
15.
LOANS
Loans		 2025
£
24,861
2025
£
41,324		 2024
£
201,948
2024
£
231,941

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

2025 2024
£ £
Repayable by instalments - 73,336

Made up as follows:

Loans < 1 yr
Loans 2-5 years
Loans > 5 years
Total 2025
Total 2024		 Yorkshire Baptist
Association
£
16,473
24,861
-
41,334
98,433		 Baptist Union
£
-
-
-
-
96,008		 Baptist Building
Fund
£
-
-
-
-
37,500		 Total 2025
£
16,473
24,861
-
41,334
231,941		 Total 2024
£
29,993
128,612
73,336
231,941

The amounts set out in the table above represent repayments of capital only, with interest arising each year charged directly to expenditure. The details of the loans are as follows:

£200,000 from the Yorkshire Baptist Association over a 15-year term at a rate of 0.5% below that of the published rate of the Baptist Union of Great Britain Loan Fund (3.6% variable pa. with a minimum rate of 3% and a maximum cap of 9%) and a commitment to donate to the YBA Home Mission Fund.

£200,000 from the Baptist Union over a 15-year term at a variable interest rate, currently 7.25% pa.

£100,000 from the Baptist Building Fund repayable over 10 years by 20 x 6 monthly installments of £5,000 with the first payment due in January 2018. At the completion of the repayment a £10,000 offering is to be made to the fund as a condition of the loan.

continued...

Page 32

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Minister in training fund
Woodseats fund
We care compassion fund
Myriad fund
Building fund
Baptist insurance fund
Well Collective
TOTAL FUNDS
Net movement in funds, included in the above a
Unrestricted funds
General fund
Restricted funds
Minister in training fund
Woodseats fund
We care compassion fund
Myriad fund
Building fund
Baptist insurance fund
Shiloh Project
Well Collective
TOTAL FUNDS		 At 1/10/24
£
1,130,967
2,141
-
4,143
89
1,250
15,000
-
22,623
1,153,590
re as follows:
Incoming
resources
£
515,647
-
28,738
3,750
5,833
163,234
-
3,000
10,193
214,748
730,395		 Net
movement
in funds
£
73,706
(838)
(41,987)
(1,880)
(89)
163,209
(10,838)
1,813
109,390
183,096
Resources
expended
£
(441,941)
(838)
(70,725)
(5,630)
(5,922)
(25)
(10,838)
(3,000)
(8,380)
(105,358)
(547,299)		 Transfers
between
funds
£
119,778
-
41,987
-
-
(161,765)
-
-
(119,778)
-
Movement
in funds
£
73,706
(838)
(41,987)
(1,880)
(89)
163,209
(10,838)
-
1,813
109,390
183,096		 At 30/9/25
£
1,324,451
1,303
-
2,263
-
2,694
4,162
1,813
12,235
1,336,686

continued...

Page 33

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/10/23
£
Unrestricted funds
General fund
1,111,184
Restricted funds
Minister in training fund
3,780
Woodseats fund
-
We care compassion fund
4,243
Myriad fund
172
Building fund
-
Baptist insurance fund
-
8,195
TOTAL FUNDS
1,119,379
Comparative net movement in funds, included in the above are
Unrestricted funds
General fund
Restricted funds
Minister in training fund
Woodseats fund
We care compassion fund
Myriad fund
Building fund
Baptist insurance fund
Specific offerings
TOTAL FUNDS		 Net
movement
in funds
£
68,238
(1,639)
(48,455)
(100)
(83)
1,250
15,000
(34,027)
34,211
as follows:
Incoming
resources
£
513,471
7,333
27,455
250
10,000
1,250
15,000
696
61,984
575,455		 Transfers
between
funds
£
(48,455)
-
48,455
-
-
-
-
48,455
-
Resources
expended
£
(445,233)
(8,972)
(75,910)
(350)
(10,083)
-
-
(696)
(96,011)
(541,244)		 At 30/9/24
£
1,130,967
2,141
-
4,143
89
1,250
15,000
22,623
1,153,590
Movement
in funds
£
68,238
(1,639)
(48,455)
(100)
(83)
1,250
15,000
-
(34,027)
34,211

continued...

Page 34

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Minister in training fund
Woodseats fund
We care compassion fund
Myriad fund
Building fund
Baptist insurance fund
Well Collective
TOTAL FUNDS		 At 1/10/23
£
1,111,184
3,780
-
4,243
172
-
-
-
8,195
1,119,379		 Net
movement
in funds
£
141,944
(2,477)
(90,442)
(1,980)
(172)
164,459
4,162
1,813
75,363
217,307		 Transfers
between
funds
£
71,323
-
90,442
-
-
(161,765)
-
-
(71,323)
-		 At 30/9/25
£
1,324,451
1,303
-
2,263
-
2,694
4,162
1,813
12,235
1,336,686

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Minister in training fund
Woodseats fund
We care compassion fund
Myriad fund
Building fund
Baptist insurance fund
Specific offerings
Shiloh Project
Well Collective
TOTAL FUNDS		 Incoming
resources
£
1,029,118
7,333
56,193
4,000
15,833
164,484
15,000
696
3,000
10,193
276,732
1,305,850		 Resources
Movement
expended
in funds
£
£
(887,174)
141,944
(9,810)
(2,477)
(146,635)
(90,442)
(5,980)
(1,980)
(16,005)
(172)
(25)
164,459
(10,838)
4,162
(696)
-
(3,000)
-
(8,380)
1,813
(201,369)
75,363
(1,088,543)
217,307

Transfers between funds

A transfer of £41,987 (2024: £48,455) was made from general funds to restricted funds. This transfer represents amounts which were pre-agreed by the trustees to be spent on these projects / activities over and above the related income.

continued...

Page 35

The Well Sheffield Baptist Church

Notes to the Financial Statements - continued

for the Year Ended 30 September 2025

16. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

A transfer of £161,765 (2024: NIL) was made from restricted funds to general funds. This transfer represents amounts repaid on loan liabilities which are not to be carried forward within the restricted funds to the following period. The income is included in extraordinary donations (see note 3).

17. EMPLOYEE BENEFIT OBLIGATIONS

The Church operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Church in an independently administered fund. The pension cost charge represents contributions payable by the Church to the fund and amounted to £10,833 (2024: £11,159). Contributions totalling £1,988 (2024: £1,586) were payable to the fund at the balance sheet date and are included in creditors.

18. RELATED PARTY TRANSACTIONS

Payments made to trustees are shown above in Note 8.

During the year, the Church paid remuneration totalling £34,650 (2024: £30,780) to K Allan who is a close family member of a trustee. This remuneration was paid in respect of her role as joint minister. This includes employer pension contributions totalling £1,733 (2024: £1,425) and life insurances totalling £230 (2024: £221).

The Church also paid remuneration totalling £22,992 (2024: £22,393) to TE Spendlove who is a close family member of a trustee. This remuneration was paid in respect of their work as an administrative assistant. This includes employer pension contributions totalling £838 (2024: £769).

Trustees are specifically excluded from discussions of matters that might give rise to conflicts of interest.

This page does not form part of the statutory financial statements

Page 36