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2025-12-31-accounts

Charity registration number: 1170106

Yeovil Community Church

Annual Report and Financial Statements for the Year Ended 31 December 2025

Yeovil Community Church

Contents (continued)

Reference and Administrative Details 1
Trustees' Report 2 to 8
Independent Examiners' Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Financial Statements 13 to 28

Yeovil Community Church

Reference and Administrative Details

Chairman R D Brazier
Trustees K G Foy
R Hoyles, resigned 25 July 2025
K Hibbert
M J M Nichols
S J P Collins
H Day
V Bastable
N Hardy
Senior Management Team J Hardy
A Dyer
L Collins
R Hoyles, appointed 10 November 2025
Charity Registration Number 1170106
Principle Office The GateWay
Addlewell Lane
Yeovil
Somerset
BA20 1QN
Independent examiners Milsted Langdon LLP
Motivo House
Alvington
Yeovil
Somerset
BA20 2FG
Bankers National Westminster Bank Plc
2 Hendford
Yeovil
Somerset
BA20 1TN

Page 1

Yeovil Community Church

Trustees' Report

The trustees present the annual report together with the financial statements and independent examiners' report of the charity for the year ended 31 December 2025.

Structure, governance and management

Yeovil Community Church was registered as a charitable incorporated organisation and is governed by its document dated 10 November 2016. The registered company number is CE008148. It is also a registered charity with the registered charity number of 1170106.

Reference and administrative details including the principal office address and details of trustees who served the charity during the period and up to the date of signing are shown on page 1 of the financial statements.

Trustees are appointed in accordance with the governing document. Formal trustee training is provided on an ad-hoc basis as required. All strategic decisions are taken by the trustees in partnership with the ‘Strategic Team’ which includes staff members, but day-to-day operating decisions relating to ‘The GateWay’ building and the coffee shop are delegated to staff.

The personnel committee proposes all staff salaries to the full Trustee board for approval. Where applicable, staff salaries are compared to industry average, but this is not always possible due to the role. All staff are considered equally and without prejudice or bias. Any Trustee with a conflict of interest will be excluded from those decisions.

The Trustees continue to review the major risks to which the charity is exposed, covering all identified, relevant areas including financial risk and risks associated with personnel. Risks have been identified, assessed and safeguards have been put in place to eliminate or mitigate such risks as far as is reasonably possible.

Page 2

Yeovil Community Church

Trustees' Report (continued)

Objectives and activities

The main charitable objects of the CIO are:

The Church is a body of Christian believers that have been active in Yeovil since 1907. For many years the main focus of the Church’s activity was centred on Preston Chapel, and the group operated with charitable status through that building’s trust deed under the Places of Worship Act.

With a growth in numbers, this building became inadequate, and the body of believers worshipped in a local school hall, although the chapel building remained in use for various church and community activities, as well as serving as the Church’s administrative centre. It became evident that the continued growth in numbers would require a significantly larger permanent building, and in 1994 the Church began fundraising with a view to acquiring such a building for use by the Church and local community. In 1999 a property was acquired, and work started on a complete refurbishment of this building. This work was completed in early 2001 and ‘The GateWay’ building was officially opened on 3 March 2001.

The objects of the Charity are now implemented in a range of activities. These include;

Page 3

Yeovil Community Church

Trustees' Report (continued)

When planning the activities for the period, the Trustees have considered the Charity Commission’s general guidance on public benefit and, in particular, the specific guidance for charities for the advancement of religion. The Trustees believe the activities set out above and further described below under ‘achievements and performance’ clearly demonstrate the charity’s commitment to providing an identifiable public benefit and that access to this benefit is not restricted in any way.

The Charity heavily relies on the contribution of volunteers. The Trustees would like to say a massive thank you to all the volunteers who contribute to the Charity activities. Whilst it has not been measured in hours, the work that is carried out by the volunteers from the Sunday morning production team to those helping with reception, and those who offer to bring an elderly member to our services, is priceless. We cannot thank you enough.

The Charity continues to make gifts to individuals and organisations both in the UK and overseas in line with its objects. Gifts are made on an ad-hoc basis, according to need, subject to the availability of funds, and after careful consideration by the Trustees in committee.

Page 4

Yeovil Community Church

Trustees' Report (continued)

Achievements and performance

The Charity has continued to focus on work in pursuance of its charitable objectives. These are;

• Becoming a community where Jesus is wholeheartedly worshipped, deeply experienced and clearly known;

• Living generously, challenging the cultures and systems that create injustice, and actively loving those affected.

The Charity achieved the following during the financial year;

• We continued to provide online services as well as face to face. The online content is being watched regularly on a weekly basis and we feel that our accessibility is increased with this provision. We provide a family service every month which encourages new people to attend and introduces them to the Christian faith.

• The Welcome Hub continued to provide a safe and welcoming environment for Ukrainian families and hosts.

Fundraising events are held on an ad-hoc basis. During our Sunday morning services, we do encourage financial giving in the form of our offering. Some of these offerings have specific purposes and this is openly communicated during the service.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

The principal funding of the charity is through government grants and donations.

Total income amounts to £961,809 (2024: £925,276) as disclosed further in notes 2-5. Total expenditure amounts to £970,491 (2024: £992,970) as disclosed further in notes 6-11.

Cash at bank and in hand at the year-end was £374,048 (2024: £345,367).

The total amount of funds held is £1,296,543 (2024: £1,305,225). Of these funds, £209,918 (2024: £216,009) are restricted and £1,086,625 (2024: £1,089,216) are unrestricted. Of these unrestricted funds, £932,582 (2024: £941,256) are designated. These designated funds represent the net book value of the freehold property and a contingency fund.

Page 5

Yeovil Community Church

Trustees' Report (continued)

Policy on reserves

A reserves policy has been established and approved by the Trustees to develop the cash and reserves to cover three months of liabilities which is estimated to be £150,000. For our assessment of the reserves, it includes the unrestricted and contingency funds. These two balances totalling £221,397 cover three months of wages, and the creditors at the year end which reflects the majority of liabilities throughout an operational month. Our reserves will fluctuate during the financial year depending on when our income is received and expenditure is spent.

We continue to make any decisions required to ensure that the charity is safely and responsibly acting in relation to its operations.

Plans for future periods

Aims and key objectives for future periods

Our coffee shop made significant progress in 2025 and continues to improve moving into 2026. Our proposal for a trading subsidiary is in process.

Our Y4F programme continues to be funded by the National Lottery and some additional funding. We will need to consider some grant proposals in 2026 for the sustainability of the programme. In other community areas, we are in discussions with the council regarding our homeless work. Our contract has been frozen for a few years and costs have increased so we are looking into our options for our continued work in this area. We have secured funding for the Welcome Hub for the next three years which is fantastic news.

Our overseas mission fund is decreasing steadily now. We will be having a strategic conversation around how we continue to operate in this area and how to fund it going forward.

Our building is a priority for 2026 and we have a schedule of repairs, maintenance and upgrades.

Page 6

Yeovil Community Church

Trustees' Report (continued)

Financial instruments

Objectives and policies

The charity’s activities expose it to a number of financial risks including liquidity risk, reputational risk and withdrawal or reductions in incoming resources. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments.

Incoming resources

The Trustees recognise that some of our projects are heavily reliant on funding from external organisations. There is a risk that the funding ceases and the projects can no longer continue or that the funding requirements are not met in terms of timing. To mitigate this risk, we have ensured that all contracts are legally binding and signed by the appropriate people.

Reputational risk

A significant amount of our income is reliant on members of the public willingly giving their money. If we suffer a reputational issue, our funding is likely to be impacted. To mitigate this risk, we continually review our procedures for safeguarding and other high risk areas. We ensure our staff and volunteers have DBS clearance, where required, and are appropriately trained for their role.

Liquidity risk

There is a risk that not enough money is being received to cover the expenditure or that the timing of the incoming funds is too late for the expenditure. For 2025, the finance team and staff completed a budget to outline all expected income and all anticipated expenditure. We intentionally removed any income that was not guaranteed or highly anticipated and included all expenditure that was needed and wanted for additional projects. All appropriate staff agreed on their proposed budget and any further expenditure had to be agreed by the finance committee or full Trustee board depending on the amount. The Trustees have prepared and agreed on budgets for 2026.

Page 7

Yeovil Community Church

(Registration number: 1170106)

Trustee’s Report (Continued)

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Disclosure of information to independent examiners

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the examiner is unaware.

The annual report was approved by the trustees of the charity on 29 April 2026 and signed on its behalf by:

………………………..

Rob Brazier, Chairman

………………………..

Keith Foy, Treasurer

The notes on pages 13 to 28 form an integral part of these financial statements. Page 8

Yeovil Community Church

(Registration number: 1170106)

Independent Examiner's Report to the Trustees of Yeovil Community Church

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025 which are set out on page 10 to 28.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

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

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

  3. 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.

Signed:

Robert Cadwallader FCA Milsted Langdon LLP Chartered Accountants Motivo House Alvington Yeovil BA20 2FG

Date:

The notes on pages 13 to 28 form an integral part of these financial statements. Page 9

Yeovil Community Church

(Registration number: 1170106)

Statement of Financial Activities for the Year Ended 31 December 2025

Note
Income and Endowments
Donations and legacies
from:
2
Charitable activities
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
Restricted
funds
£
281,865
54,682
359,240
240,860
15,220
856
9,086
-
665,411
296,398
(729)
(306)
(667,273)
(302,183)
(668,002)
(302,489)

(2,591)
(6,091)

(2,591)
(6,091)
1,089,216
216,009
1,086,625
209,918


All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 20.

The notes on pages 13 to 28 form an integral part of these financial statements. Page 10

Yeovil Community Church

(Registration number: 1170106) Balance Sheet as at 31 December 2025

Note
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
15
Creditors: Amounts falling due within one year
16
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
19
Unrestricted income funds
Unrestricted funds
Total funds
19		 2025
£
957,793
500
31,597
374,048
406,145
(67,395)
338,750
1,296,543
209,918
1,086,625
1,296,543		 2024
£
947,298
500
88,648
345,367
434,515
(76,588)
357,927
1,305,225
216,009
1,089,216
1,305,225

The financial statements on pages 12 to 28 were approved by the trustees, and authorised for issue on 29 April 2026 and signed on their behalf by:

………………………..

Rob Brazier, Chairman

……………………….. Keith Foy, Treasurer

The notes on pages 13 to 28 form an integral part of these financial statements. Page 11

Yeovil Community Church

Cash Flow Statement for the Year Ended 31 December 2025

Note
Cash flows from operating activities
Net cash expenditure
Adjustments to cash flows from non-cash items
Depreciation
12
Investment income
5
Working capital adjustments
(Increase)/decrease in debtors
14
(Decrease)/increase in creditors
16
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
5
Purchase of tangible fixed assets
12
Net cash flows from investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December		 2025
£
(8,682)

44,079
(9,086)

26,311

57,052
(9,194)
74,169
9,086
(54,574)
(45,488)
28,681
345,367
374,048		 2024
£
(67,694)
33,139
(7,653)
(42,208)
(19,856)
7,268
(54,796)
7,653
(17,054)
(9,401)
(64,197)
409,564
345,367


All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 13 to 28 form an integral part of these financial statements. Page 12

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Yeovil Community Church meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Financial statements are prepared in sterling, which is the functional currency of the charity and rounded to the nearest £.

Going concern

The trustees have prepared forecasts for 2026 (and 2027) which demonstrate that provided donations continue to be received and committed grant income is received, the charity will have sufficient funds to pay its liabilities as they fall due. Accordingly, they continue to adopt the going concern basis in preparing the report of the trustees and financial statements.

Judgements and key sources of uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Gifts in kind

Gifts in kind are included in the accounts at the market value i.e the amount the charity would have paid at the date they were gifted.

Page 13

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Investment income

Investment income includes bank interest and is included when receivable.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

All resources expended are inclusive of irrecoverable VAT.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Government grants

Government grant income is recognised on a receivable basis. Where a restriction is placed on the use of the grant, the amount of the grant is included in restricted funds. Grants that are receivable as compensation for expenses or losses already incurred or for purposes of giving immediate financial support to entity with no future related costs are recognised in income in the period in which it became receivable.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Page 14

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold Land and Buildings over 50 years, land nil
Equipment, Kitchen equipment and Machinery 25% reducing balance and over 3
years
Motor vehicles over 4 years

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 15

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Trade creditors

Trade creditors are obligated to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight-line basis over the period of the lease.

Pensions and other post retirement obligations

The company operates a defined contribution pension scheme for certain employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs are charged to the Statement of Financial Activities as incurred, and represent contributions payable by the company.

Financial instruments

Recognition and measurement

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows;

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Page 16

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2 Income from donations and legacies

Donations and legacies;
Worship
Y4F income
Legacies		 Unrestricted
funds
General
£
281,730
-
135
281,865		 Restricted
funds
£
52,635
2,047
-
54,682		 Total
2025
£
334,365
2,047
135
336,547		 Total
2024
£
348,601
7,161
586
356,348

£281,865 (2024 - £348,131) of the income above was attributable to unrestricted funds and £54,682 (2024 - £8,217) attributable to restricted funds.

3 Income from charitable activities

Y4F income
Coffee shop
Activities with Church family
Other activities
Other grants
Contributions to core funding		 Unrestricted
funds
General
£
-
118,018
4,032
70,830
-
166,360
359,240		 Restricted
funds
£
184,458
-
1,106
2,347
219,309
(166,360)
240,860		 Total
2025
£
184,458
118,018
5,138
73,177
219,309
-
600,100		 Total
2024
£
155,196
95,610
7,663
63,618
225,258
-
547,345

£359,240 (2024 - £300,615) of the income above was attributable to unrestricted funds and £240,860 (2024 - £246,730) attributable to restricted funds.

Page 17

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

4 Income from other trading activities

Events income;
Other events income		 Unrestricted
funds
General
£
15,220
15,220		 Restricted
funds
£
856
856		 Total
2025
£
16,076
16,076		 Total
2024
£
13,930
13,930

£15,220 (2024 - £13,547) of the income above was attributable to unrestricted funds and £856 (2024 - £383) attributable to restricted funds.

5 Investment income

Interest receivable and similar income;
Interest receivable		 Unrestricted
funds
General
£
9,086		 Total
2025
£
9,086		 Total
2024
£
7,653

All of the income above was attributable to unrestricted funds in 2025 and 2024.

6 Expenditure on raising funds

a) Costs of generating donations and legacies

Marketing and publicity
 Unrestricted
funds
General
£
729
729		 Restricted
funds
£
306
306		 Total
2025
£
1,035
1,035		 Total
2024
£
1,449
1,449

£729 (2024 - £1,320) of the expenditure above was attributable to unrestricted funds and £306 (2024 - £129) attributable to restricted funds.

Page 18

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

7 Expenditure on charitable activities

Note
Unrestricted funds
Designated
General
£
£

Worship
-144,066
Y4F costs
--
Operational
activities
-190,152
Coffee shop
-120,311
Activities with
Church family
-153,197
Allocated support
costs
8
8,674 47,238
Governance
costs
8
-3,635
8,674
658,599		 Restricted
funds
£
-

256,777
11,778
-

2,321
31,307
-
302,183		 Total
2025
£
144,066
256,777
201,930
120,311
155,518
87,219
3,635
969,456		 Total
2024
£
133,408
297,194
203,165
109,236
169,664
76,277
2,577
991,521

£667,273 (2024 - £640,301) of the expenditure above was attributable to unrestricted funds and £302,183 (2024 - £351,220) attributable to restricted funds.

8 Analysis of governance and support costs

Support costs

Unrestricted funds
Designated
General
£
£
Depreciation, amortisation
and other similar costs
8,674 22,867
Consultancy fees
-22,636
Other resources expended
- 1,735
8,674
47,238		 Restricted
funds
£
12,538
18,769
-
31,307		 Total
2025
£
44,079
41,405
1,735
87,219		 Total
2024
£
33,139
41,364
1,774
76,277

£55,912 (2024 - £47,015) of the expenditure above was attributable to unrestricted funds and £31,307 (2024 - £29,262) attributable to restricted funds.

Page 19

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Governance costs

Governance costs
Unrestricted
funds
General
£
Audit fees
Audit of the financial statements
-
Other fees paid to auditors
-
Independent examiner fees
Other fees paid to examiners
485
Examination of the financial statements3,150
3,635		 Total
2025
£
-
-
485
3,150
3,635		 Total
2024
£
28
(451)
-
3,000
2,577

All of the expenditure above was attributable to unrestricted funds in 2025 and 2024.

9 Net incoming/outgoing resources

Net outgoing resources for the year include:

Audit fees
Other non-audit services
Independent examiner fees
Depreciation of fixed assets		 2025
£
-
-
3,635
44,079		 2024
£
28
(451)
3,000
33,139

10 Trustees remuneration and expenses

During the year the charity entered into the following transactions with trustees:

M Nichols

£1,754 (2024: £1,051) of expenses were reimbursed to M Nichols during the year.

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year (2024: £nil).

No trustees have received any other benefits from the charity during the year.

Related party transactions are disclosed in note 22.

Page 20

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

11 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
544,803
45,448
21,179
611,430		 2024
£
585,945
37,210
22,578
645,733

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

charity during the year was as follows:
Leadership
Administration
Ministry
Coffee shop
Y4F		 2025
No
4
4
3
6
11		 2024
No
4
5
5
6
12
28 32

The full time equivalent number of staff for the same period was 17 (2024: 22).

No employee received emoluments of more than £60,000 during the year

The total employee benefits of the key management personnel of the charity were £105,428 (2024 - £128,599).

Page 21

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

12 Tangible fixed assets

12 Tangible fixed assets
Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
Eliminated on disposals
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
13 Stock
Stocks
14 Debtors
Trade debtors
Prepayments and accrued income
Other debtors		 Freehold
land and
buildings
£
933,800
-
-
933,800
59,898
8,674
-
68,572
865,228
873,902		 Equipment,
kitchen
equipment
and
machinery
£
242,312
54,574
-
296,886		 Motor
vehicles
£
10,913
-
-		 Total
£
1,187,025
54,574
-
1,241,599
239,727
44,079
-
283,806
957,793
947,298
2024
£
500
2024
£
53,008
11,797
23,844
88,649
10,913
10,913
-
-
168,916
35,405
-
204,321
92,565
73,396
10,913
-
-
2025
£
500
2025
£
8,781
11,921
10,895
31,597

Page 22

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

15 Cash and cash equivalents

Cash on hand
Cash at bank
 2025
£
1,281
372,767

374,048		 2024
£
92
345,275
345,367

16 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
VAT payable
Other creditors
Accruals
Deferred income
Deferred income brought forward
New invoices raised
Amounts released
Deferred income carried forward		 2025
£
10,622
9,205
21,602
6,607
8,024
11,335
67,395
Total
2025
£
11,335
45,341
(45,341)
11,335		 2024
£
13,270
7,273
29,046
7,552
8,113
11,335
76,589
Total
2024
£
10,796
45,341
(44,802)
11,335

17 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £21,179 (2024 - £22,578)

Contributions totalling £6,607 (2024 - £7,552) were payable to the scheme at the end of the year and are included in creditors.

Page 23

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

18 Funds
Unrestricted funds
General
General fund
Designated
Designated Building Fund
Contingency Fund
Total unrestricted funds
Restricted funds
Capital/Building
Development Fund
Griffiths Legacy – Overseas
Mission
YCC restricted gifts
Small Support Funds
Homeless Project
Short Term Gifts
Charis
National Lottery – Reaching
Communities
Y4F Continuation Fund
Total restricted funds
Total funds		 Balance at 1
January 2025
£
147,960
873,902
67,354
941,256
1,089,216
84,670
17,950
6,799
8,321
2,293
10,006
85,874
96

216,009
1,305,225		 Incoming
resources
£
665,411
-
-
-
665,411
-
300
50,046
-
50,826
778
67,101
119,646
7,701
296,398
961,809		 Resources
expended
Balance at 31
December 2025
£
£
(659,328)
154,043
(8,674)
865,228
-
67,354
(8,674)
932,582
(668,002)
1,086,625
(12,650)
72,020
(6,531)
11,719
(11,030)
39,016
(117)
6,682
(49,436)
9,711
(1,561)
1,510
(76,591)
516
(144,573)
60,947
-
7,797
(302,489)
209,918
(970,491)
1,296,543

Page 24

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

19 Funds
Unrestricted funds
General
General fund
Designated
Designated Building Fund
Contingency Fund
Total unrestricted funds
Restricted funds
Capital/Building
Development Fund
Griffiths Legacy – Overseas
Mission
Small Support Funds
Homeless Project
Y4F General
SCC ARAP
Short Term Gifts
Abri sustaining families
Charis
National Lottery – Reaching
Communities
Y4F Continuation Fund
Total restricted funds
Total funds		 Balance at 1
January 2024
£
108,007
882,576
70,308
952,884
1,060,891
94,793
24,159
6,866
16,180
34,031
17,855
2,832
33,643
4,248
-
77,421

312,028
1,372,919		 Incoming
resources
£
669,946
-
-
-
669,946
5,000
100
-
44,629
11,097
-
-
-
78,206
132,525
(16,228)
255,330
925,276		 Resources
expended
Balance at 31
December 2024
£
£
(629,993)
147,961
(8,674)
873,902
(2,954)
67,354
(11,628)
941,256
(641,621)
1,089,217
(15,123)
84,670
(6,309)
17,950
(67)
6,799
(52,488)
8,321
(45,128)
-
(17,855)
-
(539)
2,293
(33,643)
-
(72,448)
10,006
(46,651)
85,874
(61,098)
95
(351,349)
216,009
(992,970)
1,305,225

Page 25

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

The specific purposes for which the funds are to be applied are as follows:

The unrestricted general fund is available to be used at the trustees’ discretion to further the objects of the charity.

Designated funds include unrestricted funds that have been ringfenced by the trustees for the purpose of maintaining a building fund. This equates to the net book value of assets purchased from designated income. Depreciation on these assets is written off annually against the designated funds.

In addition, there is a contingency fund. This is money that has been set aside to pay all wages and debts due should the charity fall into financial difficulty. This ensures the risk to the charity is reduced substantially.

Restricted funds relate to incoming resources which have been received subject to specific conditions imposed by the donor and binding on the Trustees and may only be applied in accordance with the restrictions placed on the donation.

The Capital/Building Development Fund of which a balance of £72,020 is restricted on spending for the development, improvement and potential expansion of the building.

The YCC restricted gifts of which a balance of £39,016 is restricted on spending for capital assets with the remainder for YCC Kids work. The specifics of this donation were to spend £30,000 on a mixing desk upgrade, £5,000 on a Create computer upgrade and £3,000 on general media upgrades with the remaining £12,000 on kids’ work. This fund will decrease with depreciation.

The Griffiths Legacy of which a balance of £11,719 is restricted on spending for overseas mission

trips as approved by the trustees.

The Small support funds, of which a balance of £6,682 is restricted for spending on those in the community who require additional help with small or sundry items.

The Homeless Project fund, of which a balance of £9,711 is restricted for spending on working with the Homeless community.

The Short Term Gifts fund, of which a balance of £1,510 relates to income and expenditure in relation to small gifts given by donors to spend for a specific purpose. The majority of this balance is capital and will reduce in line with our depreciation policy.

The Charis fund, of which a balance of £516 is restricted, is due to Charis being directly contracted by Somerset Council and the charity have engaged in a contract with them to run a Welcome Hub from the Gateway building.

National Lottery – Reaching Communities fund – We were awarded a five year fund from the lottery, to continue our community work, which we are required to match fund. We are awarded funds in half yearly installments, and the funding decreases every financial year. The fund balance is £60,947 at the end of this financial year.

Y4F Continuation fund – a balance of £7,797 is restricted to aid National Lottery Funding.

Page 26

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

20 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
Designated
£
£
92,565
865,228
128,873
67,354
(67,395)
-
154,043
932,582
Unrestricted funds
General
Designated
£
£
73,396
873,902
151,152
67,354
(76,588)
-
147,960
941,256		 Restricted
funds
£
-
209,918
-
209,918
Restricted
funds
£
-
216,009
-
216,009		 Total funds
at 31
December
2025
£
957,793
406,145
(67,395)
1,296,543
Total funds
at 31
December
2024
£
947,298
434,515
(76,588)
1,305,225

Page 27

Yeovil Community Church

Notes to the Financial Statements for the Year Ended 31 December 2025

(continued)

21 Related party transactions

During the year the charity made the following related party transactions:

Joseph Hardy is the son of a trustee and son-in-law of another trustee. He was employed by the Charity on a salary commensurate with their position.

At the balance sheet date the amount due to/from him was £Nil (2024 - £Nil).

Claire Hardy is the daughter of a trustee and daughter-in-law of another trustee. She was employed by the Charity on a salary commensurate with their position.

At the balance sheet date the amount due to/from her was £Nil (2024 - £Nil).

Jo Nichols is the daughter of a trustee and is employed by the Charity on a salary commensurate with her position.

At the balance sheet date the amount due to/from her was £Nil (2024 - £Nil).

Lisa Collins, whose husband is a trustee, is employed by the Charity, on a salary commensurate with her position.

At the balance sheet date the amount due to/from her was £Nil (2024 - £Nil).

Trustees, including related parties, donated a total of £56,939 during 2025 (£59,125 during 2024).

Revolution Audio

During the year, the Charity paid £3,544 (2024 - £3,721) to Revolution Audio for equipment hire which is a business run by Malcolm Nichols' son.

At the balance sheet date the amount due to/from Revolution Audio was £Nil (2024 - £Nil).

Yeovil Christian Support Trust

During the year, the Charity received a £25,000 donation (2024 - £nil) from and paid £286 (2024 - £428) of expenses to Yeovil Christian Support Trust. One of the trustees of Yeovil Christian Support Trust is married to Karen Hibbert.

At the balance sheet date the amount due to/from Yeovil Christian Support Trust was £Nil (2024 - £Nil).

Page 28