REGISTERED COMPANY NLWBEL. 10286979 lE￿land and W4les>
REGisfERED CHARrrY NUMBEIL. 1170291
Flnancial St4tenMrrt3
for th• Year Ended
31 Dttemb•r 2025
On• Church Lelc•5ter
Th• Rowley P•rtn•rihlp Ltd
Statutory Audltors
ChJrnwiJod Hous•
Harc4Wrt W
Alerldian Bu51ness Park
LE19 1VIP

Cortents of the Flnanclal Ststement$
for the Year Ended 31 December 2025
Rel￿ence admlnlmtfve thta115
Trusteei, reporL
Report of I￿ent A￿dItors
staten￿nt of FlnarKfal Activltles
10
BaiarKe She
11
CJ$h Flow Statement
12
Note5 to the Cash Flow statement
12
Notes to th• FIn￿da1 Ststements
13-26
Detal￿ Statement of Flnanclal Actlvltte5
Z7.28

One Church Lèitèster
Ref•r•nce and admlnlstratlye dÈtslls
for the Year Ended 31 Decemb•r 2025
TRuFfEES
D Hlnd (Mlnlster of RellRlonl
Rev J A Prestwich IMin15ter of Rellgfonl
P A John (Reiired)
A C Elton {Retlred}
F Okonkwo
J ￿yerS
T H?ThJ
S Jakovljevlth
REGISTERED CFFICE
One Centre
10 Fro8 151and
Lelce5ter
LE3 SAG
REGISTERED COMPANY NUMBER
10286979 IEwland and Wales)
REGISTERED CHARITY NUMBER
1170291
INDEPENDEKf AUDITOR
The Rowiey5 Partnershlp Ltd
Statutory AudfIc￿5
Chartered Accountants
CharTr*thd HOL
Harc¢)urt Way
Merfdlan Buslness Park
Lelcester
LE19 1WP

Ohe Church Lèk•stsr
Rèport of the Trustees
For the Year Ended 31 December 2025
The Trustees 2025 Annu•l fteport
The tru5tee5 who are also directors of the charity for the pwposes of the Companles Act 2fyJ6,
pre$ent their repwt wlth the finanaal statements of the ch•rtty for the year ende(131 DecerTthr
2025. The lh￿tee5 have adopted the provlslons of Accounting al￿ Reportin8 by Charitles:
Statement of Recommended Prnctlce applicable to charftles preparfnq thelr accounts In accordance
with the Financlal Reportln8 Standard appllcable In the UK and P4ub15c of Ireland
IFRS102lleffectlve 1 January 20191.
The financlal statements have been prepared in accordance the accountln8 pollcies set out I
the notes to the accounts and comply the charltls iovemln8 d￿urnent, the Charftles Act Z011
and Accountlng and reporting by Charfties: Statement of Recommended PractTce appllcable to
haritles preparln8 thelr a(c￿￿￿ts In accordance ￿th Flnancial Reportlng Standard appilcable In
Ihe UK and Republlc of Ireland wbllshed In October 2019.
QBJECTfrfES AMD AcnvmES
OffldNI Objectlves
To advance the Chrlstlan falth In accord•rKe wlth the 5tatemnt In such ways ané In such p4rts of
the Unlted KlnEdom or the world as the church leadershlp Irom tlme to tlme may thlnk flt.
• To relleve slckness and flnandal hardshlp and to promot¢ and preserw good health by the
pmyislon of funds> goods or seNkes of any klnd Includlng throu8h the provtslon of counselling and
5UPPOrt In such part5 of the Unlted Klnidom or the wortd as the church leadershlp frorn tlme 19
tlme may thlnk Ilt.
To advance educatlon In such ways and In such parts of the Unlted Klngdoffl or the world as the
church leadershlp fr+Jm li￿ to tlme may thlnk flt.
Publ1¢ Be￿￿t
For the maln acto￿tIeS undertaken to further the charbtl5 purpDses lor public beneflt, the trusiees
have ha(1 regard to the Charlty Commisskn 8uldance on p￿Ik bereflt.
Fundratslni
The thirfty raise5 slgniflcant fsjnds from the publlc but does not use any profe551onil fundraisers,
ACHIEVEMENTS. PERFORILINCE AND FUTURE PLANS
2025 was a M￿l￿t0u5 year In the Ilfe of Cthe Church.
Here are a few hi8hlights...
1. Many people became Chrlstlans through different mlnlstrle5 a￿j we saw a slqnfflcant
number of vlsltors.
2. We continued to walk In a splrit of unlty and blessln8 together, carrying great falth and
expectat?on for thts next chapter in our hfstory. Our Eidershlp, Trusteeship. Senlor

One Clxtrch Lelcest•r
Report of the Trustee5
For the Year Ended 31 December 2025
Leader5hlp Tw, Sfte Pastors and every Slte walked together In deep unlty. All the pralse
to Jesus.
3. Around 420 rtw people were added to our church family with around 150 people moved out
of Leicester, or to other churches..
4. We had h)put throughoul the year from around 70 different preachers, covertng teaching
topics Includint the serles- Love 1%... Alo5•s (Face to facel. Colossians. Find your Volc•,
Th• Pow•r of..., Battl• for your Mlnd, The Greatest Commandment.
5. We baptlsed over 80 people and saw 8 bables born and 12 couple5 engaged or married and
there were 75 natlonallties represented at Natlons Day. Seven preclous pecple passed away
during the year. Thls Included the passing of Marje Nlblo¢k who along ￿th 8riaTJ were th•
former leaders of our thurch. Thls amazln8 lady left a deep legacy In One Church.
6. At the start of 2025 as a flrst step of developin8 No 12 we applled for plannin8 permlssion
and br￿ght down the ramp. Thls enabled u5 to TJlse banners on the slde of the bulldlng
and get ready for the next Step.
7. We ran our first Go Weèkend In June wlth hurthds ol people from One Churth servlnR In
dozens of projects acr055 all our 51te areas lo brfnq the love of Jesus to oui communltle5.
8. We Saw ihe oryolnl blessln8 ol Open Hands whlch ts at our very heart as a church. The
manager ol Open Fland5 wrote of just on• we•k In December 'Lost week we celebrated
Chr15trndS wlth our Ensllsh student5 who heard obout the sllt ol Jesus. And rhls week,
vlons5ide 21XI Chr15tmos 1￿MPer5 moklns thelr way out Into the community. we hod the
prlvllese Of,.
lurn15hins 4 homes
provtdfns clothlny to 45 households
* 5uppIy7ny o weeks worth ol to 216 people, Includlng 98 chlldren
sethns a Chr15tmos dlnner to 84 yuests at Ple Nlsht.
9. One Church mln15tries ￿th all ages contlnued to thrlve Bnd grow and we contlnued an
expanslon of Srnall Group5 wlth community at the heart - there are now over 60 Small
GroLPS for all u8e5 at One Church.
As we look ahead to 2026 we wlll outwork our vlslon throu4h a second year of Brlny down and Bulld
up. We wlll take the next step to Bring Down by takln¥ down the whole of No12 and contlnulnl to
pay dovm the mort8age. We wlll also release a vislon of what the Fither wants us to bulld on this
plot of land.
We wlll Bulld Up by Increaslns accesslblllty for more people, whSlst advanclng One Church
Compas51on and bulldtnq ￿ wider communlty and mlnlstrles. We wlll release a new welcome course
whlch I￿11 better help everyone Jolnlng One Church to Integrate qulcker and be released th be who
God want5 them to be.
We will also start a new Gap Year for students leavlni slxth form and unlversity Jnd prepire to
pkffieer a slxth One Church Site toward5 the end of the year.
A5 we give thanks for 2025 Susan and l are full of faith and vlslon for the future. I￿r heart as a
church remalns to Love God, Love Peopte, Love His Mission and Love Hi5 Church. We are certain
that our best days are ahead.
"And now, Jtjst os you accepted Christ Jesus (75 your Lord, you rnust continue to follow hlm. Let
your roots sr¢w down iiito hlm, and let your lives be built on him. Then your falth will grow strons
In thE truth you WEre iought, and you will overflow with thankfulne5s.' Colo55ions 2-.6-7 NLT

One Church Lelco5t•r
Report of the Trustees
For the Yèar Ended 31 December 2025
We Jre honoured tQ Serve by leadlng thts amazfng church.
Our best days are ahead
Davrd Hlnd - Senlor leader
Flnanclal Rèvlow
The accounts on pa8es 10-26 sumrnar15e the Income a￿1 e¥pendlture dwiw the year ended 31
ecember 2025 aThl the state of the chaflW5 aflalts as at 31 December 2025.
One Church Lelcester's maln sources of funthng were free wlll offerlni5 from the church
congregatlon through regular tlthes and offerfn8s, an annual vlslon o(ferln8 Income tax
recovered under the gift aid scheme.
Total Income In 2025 wa5 £1,574.313, of vthlch £390,561 was restricted.
ExpeNJlture for the yèAr was £1.480.587. of whlch £256,729 was restrlcted.
The surplus for the year was £93.n6, and our total lund5 Stand at £2,765,798.
Res•rv• pollcy
The reserves pollcy for One Church is to fflaintain unrestricted funds. which are the f￿e reserves of
the church, lo cover thrÈe months ol expenditure. This15 In addition to fixe(l assets held used
for the Church's alms and purposes. Thls level of reserves shwld ensure that at any tlme of the year
the Church Is not ￿qUIred to borTOW funds on overdrafr Irom Its bankers. Any additlonal reseryes
are 8enerated wlth a vlew to lund lon8er term projects. The trustees deflne free reserves a5 belng
totul unrestrtcted current assets less cwrent Ilabilltles. The poll¢y for unrestrlcted cash reseTV•5
Set by trustees for 2025 was £178.IXQ. Th1$ pollGy wlll be reviewed annually at the tlme of settln8
the bud8et for the forthcomlng year.
Free reserves at J1 Decernber 2025 £212,650.
We malntalned restrlcted reserves amountSrff4 to £168,58J.
RUCTURE, GOVERNANCE AND hiANAGEMENT
Governlnl document
One Church Leke5ter is controlled by Its govemln8 document Memorandum and Arttcle5 of
A5soclatlon Incorporated in 19 July 2019, a deed of trust, and constltutes a Ilmtted companyi
Ilmlted by guarantee, as defined by the Conyanles Act 2CAYJ.
David and Susan Hlnd are the Senlor leaders of One Church Lelcester bMnglnR leadershlp. vtslon and
management.
()Jr Triistp.Ès/Directors In 2025 were Phlllp John. Andrew Elton - ChaTr, James Prestwich, Falth
Okonkwo. Jame5 Owers, Sabrlna Jakovijevlch, Thomas Hind and Davld Hlnd.

One Church Lekester
Report of the Tru5tee5
For the Year Ended 31 t)ecemb•r 2025
R•crultment and appDlntm•nt of new trustees
Where a replacement Is requlred or it is deemed necessary to strengthen the team, the sen￿r
leader in dlscu55ion wth the chair of trustee5, wlll nomlnate a potential new trustee who
demonstrate5 the relevant experience, skllls and cornrnltment. Thls rbomlnatlon Is then CO￿ldered
by the full btsard of tnJ5tees.
New Trustees are proyided with COPI￿ of the memorandum article5 of aSsOCiat￿n, latest
accounts, recent mlnutes, detai15 of roles & responslbilltles) pollc6es and 5ultable Charity
ComrnTssion guldance.
Rlsk manas•m•nt
The tnstees have a duty to Identify and re￿eW the risk5 to whlch the charlty is exposed and to
ensure approprfate controls are Sn place to wovlde reasohable assurance a8alnst fraud and error.
Trus1••5 rewonslbllltle$ 5tatem•nt
The trustees (who are also directors of One Clwrch Lelcester for the purposes of company lawl are
respon51Lile for preparinq the Tr(L4tees Annual Report and the flnanclal statements In accordance
wbth apF4icable law and Unlted Kln4dom Accountlnq Standards Iunlted Kingdom Generally Accepted
Accounting Prartlcel.
Company law requlres the trustee5 to prepare flnanclal statemenl5 for each flnanclèl year. Under
CLMnpany law the twstee5 must not approve thè fina￿la1 5tatement5 wless thry are utisfied that
they qive a true and falr view of the state of affairs of the charttable company and of the incomln8
resources and appllcatlon of resources, Includlrn4 Incoffle and expenditure, of the charltJble
company for that period. In preparlnff these flnanclal statements, the trustees are requlred to:
. $elect sultable Jccountlnq polkles and then apply It￿rn conslstently
• obsetve the methods and prlnclples In the Charities SORP2019 IFRS1021'
• make JLKl8ement5 and estimates that are reasonable and prudent;
state whether applicable UK Accountlni Standards have been followed;
prepare the flnanclal stalements on thè 8oin% concern ba515 unless It 15 inapprwlate to presume
that the charltable company wlll contlnue In operat1<￿.
The trusiees are responslble for keeplnq adequate accounting records that dlxl¢)se ￿th reasonable
accuracy at any time the financial p051tlon of the charftable company •nd enable them to e￿Ure
that the financial statement5 comply wlth the Companies Act 2006.
They are also re5p)ns7ble for safe4uardlnE the assets of the charttable company and hence for
taklng reasonable steps for the preventlon and detèctlon of Iraud and other irregularlties.
In so far as the trustees are aware..
there 15 no relevant audit Informatlon of which the charitable companys audltor Is unaware: and
the trustees have taken all steps that they ought to have taken to make themselve5 aware of any
relevant a￿lIt Informatlon and to establish that the audltor 15 aware of that Infornatlon.

10/07/2026 

## _A Elton_ 

signed on 10/07/2026, 12:33:55 BST 



Independent Audltor's Report to th• Trustee5 of One Church Lelcester
Oplnlon
We haye audited the financlal statements ol One Church Lelcester lthe 'charitable cornpany'l for the year ended 31
December 2025 which comprise the Statement of Financlal Activities, the Balance Sheet, the Cash Flow Statemertt
and note5 to the financial statements, Includlng 51gnificant accountfng pollcles. The flnancial reporting framework
that has been applled in thelr preparation is applicable law and Unlte(i Klngdom Accountlng Standards, inclwjlng
Financial Reporting Standard 102 The Flnonclal Rewrt7ns StLindard oppllcable In the UK and Republic of Ireltind
Iunlted Kingdom Gènerally Accepted Accounting Practice).
Sn our opinion the financial statements:
81ve a true and falr view of the state of the charit4ble c¢)mpany'5 )Ifairs as at 31 Decernber 2025, and of Its
I￿omIng resources and appllcatlon of reS(￿CeS, Includln8 Its Income and expendittire, for the year then
have been Prtsperly prepared in accordance wlth United KinKdom Generally Accepted Accountlng Practlce.
and
have been prepared In accordante wlth the requlrements of Charftles Act 2011.
Basls lor oplnlon
We conducted our audit in accordance wlth Internatlonal Standards on Audltlng ILIKI IISAS IUKII and Jppllcable law,
Our responsibilltles under those Standards are further described In the auditor respon51billtles for the audit of the
flnanclal statements section of our report. We are IndepeThJent ol the charitable company In accordance ￿th the
ethlcal requlrements that are relevant io our audlt of the flnanclal statements In the UK, IncludlnR the FRC'5 Ethlcal
Standard, and we have lulfllled our other ethical rpsponslbllltles in accor¢Jance wlth these requlrements. We
belleve that the audit evldence we have obtalned15 sufflclent and approprfate to provide a basls for our opinlon.
Con¢luslon5 r•l4tlni to ￿Ing concern
In audltinq the financlal statements, we have concluded Ihat the trustees, use of the qoin8 concern basls of
accountlng In the preparation of the flnanclal 5tatement5 Is approprlate.
Based on the work we have performed, we have not Identlfled any maledal uncertalntle5 relatln8 to events or
conditlon5 that, Indlvtdually or collectlvelyl rnay cast slBnlflcant doubt on the charitable company's ablllty to
contlnue as a 80in8 cMcern for a perlod of at least twelve months from when the flnanclal statements are
authortsed for1$5ue.
Our re5pon5ibllilies and the responslbllltles of trustees With respect to golns concern are de5crlbed In the
relevant sectSons of thls report.
Oth•r Inform4tiD
The other Informatlon comprlses the Informatlon Included In the trustees annual report, other than the flnancl31
5tatement5 and our audltor's report thereon. The trv5tees are responslble for the other informatlon contained ￿thIn
the annual report. Our oplnion on the financial staternents does not cover the other Informatlon and, except to the
exteni otherwlse explicltly stated In our report, we do not express any fom) of assurance conclusion thereon.
Our responsTbillty Is to read the other informatlon and, in doing 50, consider whether the other Informatlon is
materlally inconsistent with the finan¢lal statements or our knowledge obtained in the course of the audlt or
otheTrrise appears io be materlally missiate¢J. If we identlfy such material Incons15lencie5 or apparent materlal
mi5Statements. we are requiTrd to determine whether thi5 gives rise to a mateTlal misstatement in the
flnanclal statements themselves. 11, based on the work we have performed, we conclude that there 15 a TThaterial
mlsstaiement ¢1 this other infomatlon, we are required to report that fact.
We have nothing to report in this regard.

Indep•ndent Audltor's Report to the Trustees of One Church Lel¢ester
Matt•rs on wfikh we arè required to report by exceptlon
We have nothing to repert In respert of the follown8 matters In relatton to whlch the Charltles IAccoLmts and
Reports) Re8ulatl¢ys 2008 req￿re us to report to you if, In our opinion:
the information glyen In the fknanclal statements is Inconsistent in any material respect the trustees.
report. or
sufficient accounting recortls have not been kept: or
the flnanclal statements are not in agreement with Ihe accountlns ￿cordS and returns,. or
we have not ￿ceiVed all the Informatlon and explanailons we fcqulre for our audit.
Responslbllltles of tru5t•es
s explalned more fully In the tNstee5' responslbllltles statement. the trustees are re5ponslble for the preparatlon
of the finan¢lal statements and for being sat15fled that they give a true an¥J lalr ￿ew, and for such Internal control
as the trustee5 determlne 15 necèss)ry to enable the preparatlon of flThanclal statements that are free frimm matertal
m155tatement, whethèr due to fraud or error.
In prèpartnq the flnanclal 5tatèmÈnts, the trustees are rewnslble lor a5sessini the charitable company's ability to
¢ontlnue as a goin8 concem. dlsclosinq, 8$ appllcable, matters related to golns concern and uslno the goln8 concern
bosis of atcountlng unless the trustees either InterKI to Ilquldate the charttable company or to cease operatlons, or
have no reallstic alternatlve but to do ￿,
Audltor re5ponslbllltle5 for the audlt of th• flNnclil ststem•nts
We have been appolnted as audltor under 5ectlon 144 of the Charfties Act 2011)nd report In accordance vAth the
Act and relevant re8ulatlon5 made or havlng effect thereunder.
Thjr objectlves are to Ob￿1n reasonable assurance about whether the flnanclal statements as a whole are free Irc¥))
material misStatemeTrt, whether due to fraud or error. and to Issue an auditor's repDil that Includes our oplnlnn.
Reasonable assurance is a hl8h level of assurance, but 15 rKst a guarantee that an audlt conducted In accordance
wlth ISAS IUKI wlll alway5 dètect a materlal rnlsstatement when It ex15ts. h11$5taternents can I￿Se from frnud or
error and are consldered materlal If, Indlvldually or In the aggregate, they could reasonably be expected to
influence thè economk dec151on5 01 users taken on the ba51$ of these flnanclal statements.
Irregularitles, Includlng fraud, are Instances of Mn-compllance wtth laws and re¢uLatlons. We desT8n pr¢xedure5 ill
Ilne wlrh Trjr responslbllltles, outllned above, to detèct materfal mlsstateTnents In respect of Irregularftles, including
fraud. The extent to which our pmcedures are capable of detecting irregularitiès. Includlng fraud Is detalle(I below:
We obtalned an understandlnq of the legal and regulatory framework5 thal are appllcable to the charltable
company and determlned that the m05t $18nlflcant which are dIr￿tLY IElevant to 5peclllc assertlons In thp
flnancial statements are those related tts the financial reFortln8 framework5 IUK Generally Accepted
Ac¢ountlng Practice, the Charities Act 20111 and the relevant tax cornpliance re8ulation5 In the jurisdiction
in which the charitable company operates. We enquired of management, whether they were aware of any
instance5 01 non-cornpliance wbth laws and regulatlon5 or whether ihey had any knowledge of actual,
Suspected or alleged fraud;
We as5es5ed the yjsceptiblllty of the entltl5 flnanclal siatements to material mlsstatement, Includin8 how
fraud might occur,.
I￿r te5ling consldered unusual or unexpected jour￿1 entrles on a sample basls:
We evaluated ihe assumptlon5 and JLidgements used by management wlthln slgnlflcant accountln8 e5timate5
and as5essirng If these indicate evidence of managernent bias-
We tested significant transactlons, In partlcular the evaluation of the buslne55 ratlonale for any which
ppear unusual or outside the charity'5 normal course of btsslness.
We assess￿ the appropriateness of the collective competence and capabililie5 tsf the engagement team by
understanding the practical experience with audit engagements of a similar nature and complexity, plus

kndependent Audltor's R•port to the Trustees of One Church L•lcester
ensurlng the team had appropriate and relwant tralnln¢ of the flnanclal reportln8 framewk and the
relevant tax compllance regulatlons spedflc to the entity J
We re￿eWed the flnarKlal statements arKI tested the dixlosures against supportlnff documentatlon- and
We communicated relevant matters to all members of the audlt team to ensure they understood the r15ks
speclflc to Ihe entfty and the z4udlt procedure5 planned to mftlgate ttr￿.
Because of the Inherent Ilmitatlons of an audit, ther* is a rtsk that we wlll not detect all Irregularitles, inclLtdTng
those leading to a material mlsstatement Sn the flnarflal statements or non-compllance wlth regulation. Thi5 rtsk
irtcreases the rrnre that compliance wfth a law or regulat1￿ Is removed from the events and transactfons rellected
In the financlal statements, as we wlll be less Ilkely io become aware of Instances of non.compL5ance. The rtsk Is
a150 greater re4ardln8 Irre8ularltle5 cKcurrlng due to fraud rather than error. as fraud Involve5 Intentional
Concealment, foryery, colluslon, ornis*)n or mlsrepresentatlon.
A fUrt￿r dt5crlptlon of our responslb111tles 15 avallabie on the FRC? webslte
ois
. This descriptlon forms part of our audltor's report.
of ow r•port
Thls report Is made 501ely to the charltable company's trustees, as a boty, In iccordance vlth Part 4 of the ChaTltles
(Accounts and Report5} Re8uiatlon5 2008. Chjr audlt work ha5 been undertsken so th•t we mlqht state to the
ch*Aty's trustees those matters we a￿ requlred Io 5tJte to them In an audlt¢f'5 report and for no other purpose. To
the fullest extent permitted by law, we do not accept or assume responslbility to anyone other than the ¢harltable
company and the charltabLe company's trustees as a body, for our audit work, fcrf thts report, or for the oplnions we
h)ve formed.
-'y
signed on1010712026, 12',39',26 BST
The Rowleys Partnershlp Ltd
Statutory Auditors
Chartered Accountant5
E158lble to act as an audltor In terms of Sectlon 1212 of the Companles Att Zfy)6
Chamwood House
Harcourt Way
Mertdlan Buslness Park
Lelcester
LE19 1WP
Date:
1010712026

One Church Lelcester
Statement of Flnandal Actfvltl•s
Ilncorpor•tln8 an Income and Expendlture Account)
for th• Ywr Endad 31 December 2025
Note Unrestrtrted
Funds
R•5trlrt•d
Funds
Total Fun¢ts
31.1Z.25
Trtal Funds
31.12.24
Incom• and •n(knfflient5 from
Donat5LJ)s and le8acle5
920.299
390,561
1.310,860
1,213,816
Other tradlng actlvltles
Investfflent Income
Other Incmie
Total lThcoTh •nd •ndowments
168,731
94,n2
168,731
94,722
151.335
93,802
1,183.7
390,561
1.574.313 ￿5r5
EXPEMDITURE ON
Charltable acilvltl•s:
Mlnlstrtes
Glvln8 away
107,628
95,795
14,363
103,287
121,991
199,082
124,278
233.603
other
1,020,435
139,079
1,159,514
993,652
Total expendlture
1,223,858
256,n9
1,480,5B7
1,351.533
NEf INCOMEIIEXPENOITUREI
140,1061
133.83Z
93,726
107,420
Tran5fer5 b•twe•n fur
21
9.205
19,2051
Net mov•m•nt b•twe•n fund$
130,9011
124,627
93,726
107,420
R•eondllatlon DT funds
Total fvThJ5 Ixought fonyard
2,628,116
43,956
2,672.072
2.564,652
Total lund5 caTrled forward
Z,597.215
2 765 798
2,672,072
CONTINUING OPERATIONS
Ail Income and expendltwe has arlsen frthn contlnulnq actlvltle5.
The note5 on page$ 13 to 26 fcym part of these finondal statements.
10

10/07/2026 

## _Phil John_ 

signed on 10/07/2026, 12:30:42 BST 



One Church Leicester
statement of cash flows
for the year ende¢l 31 l>ecember 2025
Year ended
31.12.25
Year ended
31.12.24
Nole
Cash flow frorn operatlng actlvities
Cash flow from operatlng acrivtties
Net cath provlded by operatln¥ actlvltles
204,068
357,845
068 357,845
Cash flow from Investlni actlvltles
Purchase of tan8lble flxed assets
Sale of tan8ible fixed assels
Interest received
132.4661
182,1731
320
7,631
6,404
Net cbsh (used Inllprovlded by Investlw 4ctlvft1•5
Cash flows from flnanclnl actlvltles
Movement In l¢)ans
Interest Pald
126.0621
174,2221
162,6141
139,3621
1101,9761
1217,1411
149,8361
N•t cash Iu5•d In)Iprovld•d by flnanclng actlvliles
Chanqe In cash iftd cash equlyalents In the reportlni perlod
Cash and cash equlv4lents at the belllnnlng of the reportlnq perlod
Cash and cash equlvalent5 at the end of the reportlng p•rlod
1266,9TII
76,030
332.343
16,646
315,697
332.343
I RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATIWG ACTIVITIES
Net Income for th• r•portln8 perlod la5 per the Statwmftnt of Fln4ncl•l Actlvltl•s)
31.12.25
31.12.24
Net movements In fund¥
Adjustments for:
l.n4s on dlsposal of tangible fixed assets
Depreciation charges
Interest recelved
Interest pald
Ilncreaselldecrease In Stocks
Ilncre05clldecrease In debtors
Increaselldecreasel In credltors
Net cash {u5ed Iny provlded by operatlons
93.726
107,420
2,831
99,594
16,4Q41
39.362
1,103
15.251
141.3951
204.068
7,299
97,710
17,6311
49,836
11731
78,197
25,187
357.845
Z ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.25
Cash flow
Al 31.12.25
Net cash
Cash at bank and In hand
332,343
332,343
76.030
76.030
408,373
408,373
Total
Debt
Debts fallin8 due ￿thin 1 year
Debts fallln8 due after l year
166,9771
1612,6741
1679,6511
1347,3081
166,977}
1550,0601
1617,0371
1208,6641
62,614
62,614
Total
138,644
12

One Churth Lelcèster
Notes to the financial statements
for the year ended 31 December 2025
I ACCOUNTING POLICIES
Basls of weparinB the flnanclal staternents
Thtr flnancial statements of the chadtable companyi whlch is a public beneflt entlty
FR5102. have been prepared In accordance wlth the Char6tles SORP IFRS1021 Atcountlng and
Reportlng by Charltles: Siatemenl of Recornmended Practke Jppllcable to charltle5 preparing
their accounts in accordance with the Flnanclal Reporting Standard applicable In the UK and
Republic of IreiaNi IFR51021 leffectlve 1 January 20191., and the CompJnle5 Act 20C6. The
flnandal statements have been prepared under the hlstodc cost conventior), •￿th the exceptlon of
Investsments wh7ch are Included at market value.
One Church Lelce5ter Is a prtvaie company Ilmlted by guarantee reglstered In England and Wales.
The adclress of the re8lstered olflce Is ilven In the charity Snfom)ation ort pale 1 of these flnanclal
Statements.
The si8nlflcant accountlnF pollcles applled In the preparatlon of these finjndal statements are set
below. These pollcies have been conslstently applled to all years prdented Iths otheryAse
stated.
Incom•
All Inc(¥ne Is reco8nl$ed In the Statement of Flnanclal Actlvfjtles once the charity has entltlement
tD the funds, It Is probable that the Income wfll be recelved and the amount can be measwed
rellably.
For le8acles. entltlernent is the earller of the charlty befjrq notlfled of an Impending dlstrlbutlon
or the lesary being received. At thls polnt Income Is recognlsed. On rtcaslon le4acles wtll be
notlfled to the charlty however It 15 IV)t posslble to measure the amount expected lo be
dlstdbuted. On th￿ Occas1¢￿$, the legacy 15 Ireated Js a contlnlent asset and dlsdosed.
Expendlture
Llabllllles are recognlsed as expendlture as %>on a5 there Is a le8al or con5tructlve obll8allon
commlttlns the charlty to that expenditure, It is probable that a transfer of economlc beneflts
wlll be requlred In settlement and the amount of the cknll8ation can be measured rellably.
ExperKllture is accounte(I for on an accrua15 ba$15 and has been classlfied Under headlngs that
a8greqate all c051 reiatlns to the category. Where cost cannot be dlrectly attrlbuted to partitular
dlngs they have been allcuted to Ktlvitie5 on a basis con51stent ￿th the use o( resowces.
Ton8lble flxed assets
It Is pollcy that monles received reLatlni to buildlng and capltal projects are translerred to
Un￿tricted fund5 once the tryjllding work5 and projects have beEn achleved.
Depreciatlon ls provided at the follow+ng annual rates in order to wrlte off each a55et over It5
estimated useful life..
Church Equlpmenl
15% on redLKln8 balarKe
Way Coffee flxtures and fittlngs
15% on reducing balarKe
Improvements to freehold property
Calculated over 30 years at C05t
Improvernents to leasehold property 15% on ￿dUCIng balance
Freehold property
2% on c05t
Investment property
Investment properties are sh)wn at thelr open market
value. Any revoluation gains or losses are taken to the
Statement of FIwbaTrcial Actfvftles ISOFAI.
13

One Church Ldce5ter
Notes to the flnandal statement5
for the y•ar 31 December 2025
1 AccouimNG POLICIES (CONTINUED)
Taxatlon
The charlty Is exempt from corporation tox on Its chjritable actlvltles.
Fund Accountlnq
Unre5trlcted lunds can be used in accordaKe wlth the charftjble objectlves at the thscretlon
of the tru5te*s.
Re5trlcted funLts represent Income and can only be used for partlcLblar restr5rted purposes
wlthin the objects of chartty. Re5trfrtlon5 artse %then 5peclfled by the donor w wh
funds are ralsed for particthr restritted p￿0St5.
Further expLanatlon of the na￿re and purpose of eath fund Is IIKI￿d In the notes to the
flnancial statements.
Hlr• purchase and leasln8 commltments
Rentats pahj L￿￿er cperatlnB leases are char8ed to the Statement of FInal￿aL Actfvltle5 on
stralght Ilne basls ¢)ver the perlod of the lease.
P•nslon Costs and other post retIrem￿t ben•flts
The chadty operates a deflned contiitwtlon penslon scheme. Contrlbutlons payable to the
harltable companys penslon scheme are charqed to the 5taternent of Flnandal Actlvltles In
the peilod to bthlch they relate.
Debtors and cr•dltors recelvabl•lpw•bl• wlthln on• year
Debtors and creditor5 are stated at trènsactlon prlce.
Cash ind cash equfvaleTrt5
Cash and c￿h equfvalents comprfse tash on hari(i ai)d cash on deposlt.
Golrf4 Concern
The fI￿nCIal Statements have been prepared on a 8oin8 CObKem bas15 as the t(ustee5 belleve
that no rnar•rlal iincertaln(les exlst. The trv5tees have consldered the level of funds held and
the expected level of Income and expendlture for 12 monihs from auth0ri51rig these f?nanclèl
staterllents. The budgeted Incorne and expendltufe u5 sufflclent wlth the level of reserves for
the charfty io be able to contlnue as a 8oln8 concem.
Stocks
Stocks are slated at the lower ol c05t and v¥lMI)ated selllnq prlco ie5S Costs to complete and
sell. Cost Incllftles all costs of pwchase, costs of converslon and other costs incurred In
brfn8ing stock to its present locatlon and condition. Cost is calculated u5ini the fir5t-in, first.
out formula. Provlslon 15 made for damaged, obsolete and slow-rnoving st￿h where
appropriate.
14

One Churth L•k•5ter
Notes to the flnancial statements
ftir the year ended 31 Dècember Z025
Z DONATIONS AND LEfAciES
Y•ar ended
31.12.25
Year ended
31.12.24
Legacles
Regular Gfving
Glft ald
Grants
Mlsslon Ir￿rne
RestrSrted Glvln8
Vlslon fund 2023
V151on fund 2025
Vlsion fuNI 2026
T13,957
146.342
14,565
66,929
45,644
679,999
135,795
24.710
58,111
40,154
131,274
143,773
97,711
165,712
Of totsl Income from donatlons and le8actes £9ZO,29912024: É815,7951 was unrestrtcted and
£390.561 12024.. £398,021) was restrfcted.
3 OTHER TRADING ACTIVITIE5
Year •nded
31.12.25
Y••r wded
31.12.24
tlvltle5 and clubs
Oak Centre
Way Coffee
4,539
66,838
79,958
66,272
97,055
Of totsl Income frTrm other tradlnq actlvltle5 £168,731 12024: £151,335I was unrestrlcted and INII
12024." £NIII wJ5 Testdcted.
4 INVESThlENT INCOME
Yew eTrd•d
31.12.ZS
Year •r
31.12.24
Rent recefved
Rent recelved No 12 and car park
Dep￿lt account Interest
23,345
64.973
16,020
70,151
7,631
94,722
93,802
Of total IncLMne from Investments £94.72212024: £93,802> was unrestrlcted and £NII12024: £Nill
Wa5 rEstrlcted.
5 OTHER INCOME
Year ended
31.1Z.25
Year ended
31.12.24
Profit on dlspusal of flxed assets
Other Income
Of total other £Nil12024: £Nil) was unrestrrcted a)d £Nil12024'. £Nil) wes rgstrKt¥d.
15

One Church Lelcest
Note5 to thè flnancial statements
for th• year end•d 31 Decanber 2025
6 UIARThABLE ACTh￿lEs COSTS
Dlrert Costs
{see note 71
Mlnlstrle5
GIvbfrf4
121,991
199.C¢2
321,073
7 DIRECT COSTS OF CPIARtfABLE ACTIVITIES
31.12.25
31.12.24
Mlnlstrles
Gfvlng Away. Indlylduals
Glvlng Away - InrtltLrtlons
121,991
32,545
166,537
124.278
30.057
203,546
31.12.25
Unrestrfcted Re5trfcted
fund$
fund5
31.12.24
Unre5trlrted Restrtrted
fund5
funds
Total Fth)ds
Total Fwd5
Mlnlstrles
Glvii)q Aw•y
Indhddu415
In5tltutlorns
107,628
14.363
121,991
109.104
15,174
124,278
9,453
86.342
Z3.092
80,195
17,650
32,545
166,537
321,073
21,449
75,781
206.334
30,057
127,765
203,546
151,547 ￿81
357.
OTHER
Included In the other pxpendlture Is as followts..
31.12.25
Unre5tr5cted Restrlcted
funds
funds
J1.12.24
UnTe5trl¢ted Restrtrted
furKIs
funds
Total FLmds
Total Fund5
Wa8es & SaL8rles
Project Costs
Other Operat1￿ eys
Finance costs-bank
ch8rge5
G0￿manCe costs-
a￿t fees
Goyemance costs-
legal fee5
653.475
46,OD2
296,494
3.005
656,480
46,002
432,568
577,955
45,761
314,410
5,931
1,031
26,766
583,886
46,792
341,176
136,074
8.376
8.376
6,453
6,453
14.9Z8
14,928
14,195
14,195
1,160
1,160
1 159 514
1,150
959 924
1.150
1 020 435
16

One Church Lekester
Note5 to the flTranclal statements
for the year end•d 31 Decèmber 2025
8 (IfHER IcotrmNUED
Induded In the analysls al¥)ve Is experththture relating to the Oak Centre a5 follth¥s.'
31.12.24
31.12.25
Wales
Soclal securlty
Penslons
Repairs, cleaninq and maIntena￿e
23.115
1,740
1,259
25,286
31.3Z7
1.B04
1,890
14.216
kll
Caterfn8
Project C05t5
Offlce expense5
Telephone and ￿ costs
Insurance
Bank charys
4,877
8,594
9,297
507
927
2,445
6.903
8,813
1,059
633
69,479
76,207
9 NEr tNCOME/(EXPENDITUREI
The total fee paid to audltor wa5 £14,940 Tnclwive of vat11024.' £13,980 Incluslve of vati
whlch was £14,940 for the aL*Jlt and £NII12024'. £noi for other services.
17

One Church LeTcester
Not•s to the fln•ndal sthtements
lor the year ended 31 December 2025
10 TRUSTEES. REMUNEIATION AND BENEFrrs
followln8 trnstees recelved ernoluments durlng the year. They are pald in thelr capadty as
mlnf5ters of the Church for ￿Tch the legal authorfty Is ilven In Art7cles of assoclatlm.
Year endod Year ended
31.12.25
31.12.24
D Hind
Remuneratlon f¢y mlntstry sw>port
Pen51on contrlbutlon5
Beneflts In klnd
52,044
6,245
2,496
50,052
6,006
2.490
T Hlnd
Remuneratlon for mlnlstry support
Penslon contdbut1￿S
35,028
1.051
J Pre5twlth
Remuneratlon for min15try support
Penslon contrlbutlons
36,432
1.82Z
36.228
1.811
Trust••s' •xpenses
There were no trustees. expenses pald (or the year ended 31 December 2025 1101 for the year
ended 31 Decembe¥ 1024.
11 STAFF COSTS
Year •r￿ed Yur •nd•d
31.IZ.Z5
31.12.24
Salarles arml wages
Soclal securlty Costs
Pen51on costs
563,083
46,616
46,781
526,409
31.476
26.￿1
656.480
583.886
7he averase n￿lber of person5 employed by the chartty durlng the year was as follows..
Year ended
31.12.Z4
31
Yoar e•)dÈd
31.12.25
32
Total number of staff
s emplgyees received total employee benefits {excludlng employer penslon c05ts1 of more
than £60,000.
18

One Church Lelcester
Notes to the fln&nd•l statements
for th• year ended 31 December 2025
12 COMPARATNES FOR THE STATEIIEHT OF FINANCIAL AcnvrriES
Unre5trkted
Funds
Restricted
Funds
2024 Total
Fund5
INCOME AND ENDOWMENT5 FROM
Donatlons and leqacie5
Other tradin8 actI￿tIeS
Investment Income
Other
Total
815,795
151,335
93.802
398,021
1,213.816
151.335
93.802
EXPENDrruRE IXI
Charftable actlvlties
Mlnlstrles
Glrfn8 away
Other
Total
109,104
97,230
959,924
1,166,258
15,174
136,373
33,72B
185,275
124,278
233,603
993,652
1,351,533
NEf INC¢XEIIEXPENDITiIRE
1105,3261
21Z.746
107,420
Tr•nsf•rs b•two•1) funds
340,035
1340,0351
t4et mov•ment In funds
234,709
1127,2891
107.420
RECONCILIATION OF FUNDS
Totsl fund5 brought fonvard
2,393,407
171,245
2,564,652
TOTAL FUNDS CARRIED FORWARD
2 628 116

On• Church Lelcester
Notes to the financlal stitements
for the year ended 31 December 2025
13 TANGIBLE FIXED ASSErs
Leasehold
Improvements
Fr••hold
Prop•rty
Wwi Flxtur
& Flttln
Church
EquI￿ent
Total
COST
At 1st January 2025
Additi¢Jis
DiSpO￿ts
At 31st December 2025
32,540
12,075
2,465,627
22,089
258,175
20,391
111,7351
2,778.431
32,466
111,7351
44.61
,465.6
DEPRECIATION
At 1st January 2025
ChJrge for the year
Ellmlnated on dlsposa15
4.881
5.960
157,127
68,467
4.534
3.313
117,040
21.854
18,904)
283,582
99,594
18,9041
74,272
225.5
NET BOOK VALUE
At 315t December 2025
33,774
2,240,033
14.242
136.841
2,424,890
Al 31st Decern￿r 2024
27,659
2,308,500
17,555
141,135
2.494,849
Clpltal commltrnent5
At the year end, the charlty had capital commitments of £192,64512024'.£5,836
14 INVESTMEKf PROPERTY
31.12.25
31.11.24
Market valLR at l January 2025
Market value at 31 December 2025
530,0)0
530,LK
53
The orlglnal c05t of the abDve Investment property at 12 Frog Island, Lelcester was E530.CX)O.
A formal valuètion was carrfed out on 26 April 2022 by Mus50n Llgglns. The trustees conslder that
the valuatlon as at 31 December 2025 Is falrty stated.
15 DE8TORS: A4OUNfi FALLING DUE WITHIN ONE YEAR
31.12.25
31.12.24
Trnde debtors
Other debtor5
Prepayments and accrued Iniome
15.083
32.017
7,048
54,148
18,170
16,703
34,526
69,399
20

One Churth Lelcester
Not￿ to the flnanclal statements
for the y•ar ended 31 December 2025
16 CREDrroRS: AhlCXJNTS FALUNG DUE WIThIN ONE YEAR
31.12.25
31.12.24
Bank loans and overdraft5 (see note 181
Trade credltors
Soclal securlty and other taxe5
Other creditor5
Accrued Expenses
66.977
29.499
11.784
6.849
30,366
19.114
16.756
2,225
19,281
17 CREDITORS: AIAOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
31.12.25
31.1124
Bank lo)n5 and ¢verdrafts1see note 181
570,333
61 Z,674
18 LOANS
An analy515 of the rnaturfty of loans 1$ 8lven below..
31.12.Z5
31.12.24
Amounts falllnq due wlthln one year on demand:
ank loans
46.704
66,977
Arnounts fallln8 due between one and two years..
Bank loans - 1.2 years
46,704
66,977
Amounts falllng due between two and Ilve year5..
Bank loan5 . 2.5 years
140.112
20),931
Amounts falllnq In more than fSve year5:
Bank loans - more than 5 years
383,517
344,766
19 LEASING AGREEMENTS
Mlnlmum lease payments under non-canceliable leases fall due as foll¢JWS:
31.12.25
31.12.24
Wlthln one year
Betwew one and flve year5
165
330
330
20 SECURED DEBTS
The follow5￿ secured debts are included wlthln CredIt￿$.
31.12.25
31.12.24
Bank loans
The bank loan Is secured on the properties at 10 and 12 Frog Island.
617.037
679.651
21

One Church Lelce5ter
Notes to thp fiftandal statements
for the year ended 31 Decemb•r 2025
21 l•lOVEMENT IN FUNDS
Net
rn¢)vement
in funds
Transfers
between
At 1.1.25
At 31.12.25
Unr•strfcted f4fftds
General
2,628,116
,628,116
{40,106)
140.106)
9,205
9.205
2.597,215
2,597.215
Restrlet•d funds
Grants
Spedflc Glvlng
BSL
Vlslon 2025
Vision 2026
Unlted
f,911
2.103
425
39,517
{1,212)
11.193)
813
130,312)
159,239
6,497
699
910
1,238
9,2051
159,239
6,497
43,956
133,832
19.2051
168,583
TOTAL FUNDS
2,672,072
93,726
2,765.798
Net movement In funds. Included In the above, are as follows:
Incoming
R•sniJrces
Resource5
e4)ended
hlovement In
funds
Unr•strl¢t•d funds
General fund
1,183,752
11,223,858)
140,1061
Re$￿cted funds
V15ion 2023
VtsIC￿ 2025
Vlslon 2026
Change One
Mlsslons
Kenya Sp￿LIa(
Grant5
Speclflc GlvFng
Open Hands
Ble551n8 Fund
BSL
Unlted
97.711
165,711
30,969
12,798
23,244
14.565
13,222
21.718
660
813
9,149
390.561
1128,0231
16,4731
130.9691
112,7981
123,2441
115,T171
114,4151
121,7181
16601
130,312
159.Z39
11,2121
11,1931
813
6,497
133.832
12,6521
1256,7291
TOTAL FUNDS
1,574.313
93,726
22

One Churth Lelcester
Notes to thè financial statements
for the year ended 31 December 2025
21 MOVEMENT IN FUNDS (CONT114UEDI
Restrfcted funds
Open Hands
Funds given by members of One Church for the work of Open Hands Trust
Chan8e I￿￿
Fl￿￿S 8iven fc* the support of sclKJol chlldren In the IAukuri 51um In Kerwa
M1551on fund
Fund5 glven spedflcally for m1551on can only be spent for m15slon
Warm Welcome Space and LCC Ward Flnance grants
The Warm Welcome Space giant ha5 been 8lven towards utlltles at the Oak Centre and
the LCC Ward Flnance grant ha5 been slven toward5 the Oak Centre Ple Lunch project
Spfrdflc Glvl
Inclvded In 5peclflc 8lvlnq 15 £3CQ to the Unlted Youth projeci, £186.90 to be dlstrlbuted
to UCB arKI £413.90 towards any on801ry costs related to eqthprnent at Oak Centre.
Vlslon 2026
Funds recelved for the demolltlon of No 12 Frffj Island.
Vlslon 2025
Funds recelved speciflcally to brfng down the mortgage, to demollsh the rampi to bulld
up In the communlty, and to bjld up mini51rfe5.
BSL
F￿￿5 glven 10 support member5 of the deaf communlty.
UNITED
Funds glven to support other churces across Lelcester Lelcertershlre, and to run
Jolnt events Wth them.
Tranjfers b•tween funds
Transfer5 were made from grnnts and 5peclllc 4lYlng to unre5trfcted funds whlch
represent capltal expendlture aquired for 8eneral use and not lor a restrlcted purpD5e,
Transfers were also made froffl restricted funds to unrestrlcted for the aikjitlonal
mortgage payment5 made durirq the year.
23

One Church Lelcester
Notes to the flnancial ststements
for the year ended 31 December 2025
21 MOVEAIENT1tr4 FLINDS {COMnNUED)
CoMparatiYe5 Ivr moywnent In funds
Net
Transfers
movement b•tw••n
In funds
fund5
At 1.1.24
At 31.12.24
Unr•strlrted funds
GeneTal
2.393,407
2,393,407
1105,3261
1105,3261
340.035
340,035
2,628,116
2,628,116
Restrlcted fuhds
Grants
Speclflc Glvl
BSL
Vlslon 2023
Vlslon OfferlTh4
1,293
22.112
2,535
425
46,319
141,355
212,746
121,494
{1,294
1,911
2,103
425
169,090
1215,4LPI
1101.8381
1340,035)
39,517
43,956
171.245
TOTAL FUNDS
64.652
107,420
2.672,072
24

Ckne Church Lelcester
Note5 t¢ the fin*ndal stat•ments
for the year ended 31 December 2025
21 MOVEMEITf IN FUNDS ICONTIMUED
Comparative net movement In fLnds. I￿luded In rhe atthfe are as follow5:
Incomlnq
restyjrces
expended
funds
Unrestrfcted fund5
General fund
1,060,932
11,166,258)
1105,326)
Restrlct•d funds
V151on 2023
Vlsion 2025
Change One
MIs510n5
Grant5
Speclflc Gfvlng
Open Hands
Blesslnl Fund
8SL
131.274
143.773
31,416
26.695
24,710
25,tK)8
13,956
514
675
184,9551
12,4181
131.4161
126,6951
{2,5981
122.4731
113,956>
15141
12501
46.319
141,355
22,112
2,535
425
TOTAL FUNDS
1,458,953
11.351,5331
107,420
2S

One Church Lelcester
Notes to the financial statements
lor the year ended 31 December 20Z5
22 RELATED PARTY DISCLOSURES
Durlng the year E88,99112024: £74,437) of dc￿allonS were received wtttr*iut condttions from
trustees.
Two of the trustees also servè on the board of Open Hands Tn￿t ILelce5terl (Reglstered Charlty No.
1121334) and dudn8 the year One Churth Lelce5ter made a £21.71812024- £63,418) donatlon to th15
charity. Also durin8 the year costs of £11,28912024: C12,8051 have been recharied to Open Hands
TIu5t ILeice5terl in retation to adminlstration and accounts costs, and £88312024.. £Nill was
rechJryd to One Church by Open Hand5 in relation to Staff cover.
At the eThJ of the year, O￿n Hand5 Trust owed £3.501 12024:£1,4481 to Lkne Church Leicester.
HarKJ In Hand Preschool. who are part of Hands Trusti pald rent of £25,ZOO12024: £28,8￿} to
One Church Lelcester.
One of trustees is a150 a trustee of Lepcy Mln15trle5 Internotlonal. Durtng the year, (￿e Church
Lelce5ter charqed Leqacy Mln15tr1es Internat10￿1 CNII12024: £9201 for Verm￿ hlre.
One of the trustees Is also a trustee of The S4fflre5 Project. DudnB the year, donatt￿S of £1,200
12024: £I.2C￿l were rnade to The Safflres Project.
23 POST OALANCE SHErr EVENT5
H￿Iber 1Z Frog I￿and was demollshed In the flr5t half of 2026. The Trustees have consldered the
value aTrJ conslder that it Is not Impalred, and approprlateiy reflects thc value DI the lantl at 31
December 2025.
26