## **THE WELL CHURCH LOUGHBOROUGH** ## **ACCOUNTS AND ANNUAL REPORT** **FOR THE YEAR ENDED** **31 DECEMBER 2025** ## **CHARITY NO: 1193827** **Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics, LE11 5XR Tel: 01509 214163** **FOR THE YEAR ENDED 31 DECEMBER 2025** ## **THE WELL CHURCH LOUGHBOROUGH REPORT AND FINANCIAL STATEMENTS** ## **CONTENTS** |Page|| |---|---| |1 - 5|Report of the Trustees| |6|Report of the Independent Examiner| |7 - 8|Statement of Financial Activities| |9|Balance Sheet| |10 - 13|Notes forming part of the Financial Statements| **- 1 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2025. ## **OBJECTIVES** The objectives of the Charity are to advance the Christian faith, to provide relief and support for those in need and the general education of adults and children on the values of Christian principles. ## **ACTIVITIES/ACHIEVEMENTS AND PERFORMANCE** 2025 has been a year of continued growth for The Well Church, as we have seen many new people connecting with us and joining in. It has been a joy to see our members meeting together regularly again on Sundays as well as during the week, allowing The Well Church to build strong and reach out. We continued to enjoy meeting together for our main Sunday meetings, with our average Sunday attendance increasing to over 100. We welcomed 15 new members during the year and had the great privilege of baptising 7 church members. Financial giving increased dramatically to £289,876 plus £2859 bank interest (£189,532 plus £3732 in 2024) which allowed us to allocate another £60,000 to our ‘venue fund’ for the eventual purchase of a ministry base for our church. Moving forward, the trustees consider the financial outlook to be very positive and having integrated new members into the church our income will be sufficient to meet all the needs of the church. In September we had our annual gift day for our ‘Future Opportunities Fund’, which is a fund for a building or other significant future opportunities. A total of £36,736 was given and 10% has been set aside to give away in 2026. It has been such a joy to see our children and young peoples’ work flourish this year. Our average number of children attending a Sunday meeting increased from 27 to 30, with children accounting for more than 25% of our Sunday attendance. At Christmas, children joined with the Samaritan’s Purse Appeal; ‘Operation Christmas Child’, filling shoeboxes with toys, gifts, personal care items and school supplies which were sent to bless children in need across the world. We also had a great Panto-Nativity performance from ‘4Front Theatre’ as a Christmas event to enjoy and invite friends to. We have continued ‘Friday Night Hangout’, a space for young people from the local area to hang out and have fun together fortnightly, with an average of 13 young people attending. We continued the fortnightly Youth Bible Study for those wanting to dig into the Bible. One very exciting area of growth has been our ‘Connect’ ministry, for students & young adults. We had around 30 students and young adults involved in church life during 2025. We hugely value the life and energy that 18-30s bring to the church and we continue to run fortnightly ‘Connect’ evenings, to equip and encourage them in all that God has for them. A group of 21 travelled together to ‘Project25’, a Conference run by the Catalyst Network of Churches for those in their 20s and 30s to be encouraged in faith and global mission. In May, 20 people from ‘Connect’ had a Weekend Away together in the Peak District, with good time to connect with each other and God. Another great excitement in 2025 was growing our office staff team! We were so pleased to welcome Becca Allen as our part-time Children’s Worker in January, and we can already see how employing Becca has greatly benefitted our children, families and the wider church. Our wonderful Admin Assistant, Rosy, finished working for us in September and we’re very grateful to her for all her hard work, commitment and willingness to serve The Well Church during her time with us. We have continued with our variety of Community Groups, under the broad titles of Home, Interest and Equipping Communities; some meeting in people’s homes with a more ‘typical’ home group style, some centred around shared interests and some with the aim to equip people in their faith and beyond. We again ran the Alpha Course during the Autumn Term, which allowed people to explore faith in a relaxed setting. We continue to see the benefit of providing different levels of connection midweek, to meet the needs of our varied congregation. One of the biggest highlights of the year was our Church Weekend Away. We gathered 79 people in September for a weekend of meeting with God, deepening friendships and fun! We were joined by some of our friends from the Catalyst family of churches, who led sessions for us and gave such encouragement of all that God is doing in their church, reminding us that we’re part of something much bigger. Many people commented afterwards how beneficial the time had been, both socially and for their faith. The church contributed £3974 to subsidise the ticket costs for the weekend away. **- 2 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** ## **ACTIVITIES/ACHIEVEMENTS AND PERFORMANCE (continued)** The Well Church English Language School continued to provide classes at differing ability levels, with groups of students each week. During the summer we provided a social activity each week, to allow families to join in whilst still giving opportunities to chat. Throughout the year we celebrated cultural events, such as Shrove Tuesday and Easter, using these as opportunities to build vocabulary and grow in understanding English culture. Our toddler church ‘Glow’ continues to meet at the Hut (Ashby Road Estates Community Centre) and we love being able to connect into the local community around our normal Sunday meeting venue. Glow continues to grow, so during 2025 we regularly connected with 24 families and 31 children to enjoy singing, crafts, Bible stories and time to connect with other families and parents. Growing on the success of the ‘Hut Gathering’, we continue to meet once a month on Sunday afternoons to gather with people from the community for music, Bible stories, craft and tea together. Furthermore, we ran an Easter Holiday Bible Club for one morning in April: playing games, doing craft and teaching the children about Jesus. It’s a joy to build new friendships and introduce people to Jesus. The Hut is a great venue in the heart of the community, near our Sunday meeting venue, so we hosted many other events here, including: an Easter hat parade and Alpha courses. Alongside these events we reached out into the local community around the Hut; leading community carol singing and giving away ’Bags of Light’ at Halloween. We’re also playing our part in a Loughborough Churches Partnership initiative to offer a copy of Luke’s Gospel to every household in our town, so many church members have been out in the area around The Hut, knocking on doors, offering prayer and a copy of Luke’s gospel; with over 50% of people we meet taking the Gospel to read. We were gladly able to send Martin, Eleanor and Sarah to Malawi in June to visit Alec Mulalo. Whilst there they visited Well Church Well (number 6) near Walranji Baptist Church in the west of Lilongwe and another church in Chiwamba region. Both these visits included a powerful meeting with people who are directly benefitting from the well and roofed church buildings. Martin, Eleanor and Sarah all assisted with the Youth Conference at Holy Dwelling Church and enjoyed staying with Alec and his family to continue building relationships. During the year, we gave a total of £10,114 to our friends in Malawi which helped to: provide food for the Youth Conference, provide another Well Church Well (number 7) to be dug in 2026, provide a roof for a church building in Mwenda as well as repairs for the vehicle Alec uses to reach churches out in rural villages. The church contributed £1183 towards Martin’s travel costs. The church also contributed £1184 towards Eleanor’s travel costs, out of proceeds of a bake sale that Eleanor organised. During the year, the Well Church gave a total of £2310 to the Catalyst Network of Churches to support the development of Catalyst churches throughout the world and to assist in overcoming hardships caused by disease, famine, extreme weather and war in the areas where Catalyst churches are established. We also contributed £6930 to Emmanuel Church Oxford to help finance the work of our ‘Hub’ (a subdivision of about 20 Catalyst churches), planting and supporting churches around the world. In April we were able to contribute £2420 to subsidise a visit to the Middle East for a team of nine church members. During this trip, we were able to pray for this region, understand the culture better and see first-hand some of the pressures being faced there. We were also able to bring encouragement to some friends who are living in this part of the world – and have been supported by the church in the past. Another connection that we have through Catalyst is with Valleys Family Church in Brynmawr. Martin and Linda travelled to visit them in November to preach and continue to build relationships with the leaders there. Over the year we also gave £1800 to support Valleys Family Church as they reach into a deprived area of Wales, In addition, throughout the year we gave financially to support several other local charities: £3560 to the SOAR Project (Schools Outreach and Resources) for ongoing activities, £2696 to Friends International for their work with International Students, £217 to Loughborough Churches Partnership for ongoing work across the town, £1000 to Junction Church for their ongoing restoration work of their recently purchased church building and £1000 to the Loughborough University Christian Union for their events week. More than 25 members of the church continue to sponsor children in Kenya through Compassion UK which we continue to encourage and promote. **- 3 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** ## **Public benefit** The purposes of the charity as outlined by our governing document can be summarised as the advancement of the Christian faith, the relief of poverty and the advancement of education based on Christian principles. We continue to provide teaching, worship and opportunities to explore the Christian faith through Sunday meetings, home based groups and other courses and events. One aim of our church is to enable ordinary people to live out their faith as part of the community they live and work in, to the benefit of those around them. We teach this repeatedly and create opportunities for people to serve the wider community. This is demonstrated in the projects we run and on a personal level. Through our teaching and through opportunities, we have encouraged church people to be a positive presence in their work, their community and their family life. We’re directly working on poverty relief in Malawi, with our programme of clean water supply Bore Holes (currently totalling seven) and our provision of roofs for church buildings, which can also be used as community facilities. In Loughborough, we support local charities in their longstanding work into the community near our Sunday meeting venue. We support church members facing hardship and encourage church members to do likewise in their own ways too. Our English Language school helps those from other nations integrate better into our society. Our toddler church, Glow, invites parents, carers and their young children to come and hear Christian songs, Bible stories and make crafts, as well as connect with parents from within the church. Our Friday Night Hangout provides a safe and supportive environment for young people to have fun and mix with older role models from the church. ## **Leader** Martin Bull has led the Well Church since January 2007. He is employed full time by the Church. ## **FINANCIAL REVIEW** Unrestricted funds increased from £158,466 (2024) to £240,116 due to the continued generous giving. **- 4 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** ## **PLANS FOR THE FUTURE** ## **Objectives for 2026** Our objectives as a church continue to be to **build** a significant church in Loughborough, that **reaches** out to all, seeing lives **transformed** by the power of God. The plans that we have for 2026 line up with these 3 main aims. ## **Build** We’re really excited to gather again for the Catalyst Festival in May 2026, gathering with 3500+ other Christians from across the Catalyst Network of Churches. These are always such important times of deepening relationships, powerful teaching and being re-envisioned for the year ahead. We plan to equip, encourage and envision those in our ‘Connect’ ministry, by having a weekend away in May with teaching and time to connect. As the church is growing, we recognise an increasing breadth of pastoral challenges faced by our members, so we aim to employ a pastoral worker to oversee and organise pastoral care within the church. ## **Reach** We aim to reach out to friends, neighbours and colleagues on a personal level and also through projects that we run. We will continue to reach out to those in our local area through Glow and the Language School, and aim to organise other outreach events around key times in the calendar, such as Christmas, Easter and Halloween, to serve and connect with those in the local community. We’ll continue to partner with the Loughborough Churches Partnership, aiming to offer a copy of Luke’s Gospel to every household in Loughborough, praying that we’ll reach people who want to know more about Jesus. Our hope will be to invite Alec and Salome Mulalo from Malawi to join us at the Catalyst Festival, as well as send a team to Malawi to support the Youth conference there in June. Through this strong relationship we will continue to work directly on the relief of poverty and give to improve the wellbeing of those in hardship situations. ## **Transform** We have allocated another £60,000 this year to our ‘Venue Fund’ which brings the total to £174,000. Alongside this, we will have another Gift Day for our ‘Future Opportunities Fund’, which currently stands at £91,135. We will again give away 10% from the Gift Day in 2025 (£3673) to other worthy causes and will continue taking steps during 2026 to find a suitable venue as a ministry and administration base. We hope to develop our work on the Ashby Road Estate and see the Hut Gathering move towards being a distinct expression of The Well Church, in order to bring transformation to that part of town and those living locally. ## **Conclusion** The Trustees are of the opinion that the charity is in very good financial shape and in a position to meet the challenges expected during the coming year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Trustee Recruitment** Trustees are selected from those connected with the church so that they have a good understanding of the church’s operation and objectives. Trustees are appointed by the leaders of the church as those who uphold the teachings of the Christian faith in accordance with the trust deed. We look for those with the capability and capacity to fulfil their obligations as trustees, either through their professional experience or personal qualities. **- 5 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** ## **REFERENCE AND ADMINISTRATIVE DETAILS** **CHARITY NAME** The Well Church Loughborough **CHARITY NUMBER** 1193827 **PRINCIPAL OFFICE** The Well Church c/o United Reformed Church 39 Frederick Street Loughborough Leics LE11 3BH The trustees serving during the year and since the year end were as follows: Saul Algar (Chairman) Tim Aston Martin Bull Laura Green Daniel Wilton Naomi Wearn **INDEPENDENT EXAMINERS** Cound & Co LLP 1 Princes Court Royal Way Loughborough Leics LE11 5XR **BANKERS** HSBC plc 41 Market Place Loughborough Leics LE11 3EJ Approved by the Trustees and signed on their behalf by: …………………………. 2026 Martin Bull (Trustee) **- 6 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **TO THE TRUSTEES OF THE WELL CHURCH LOUGHBOROUGH** ## **INDEPENDENT EXAMINATION REPORT** I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 7 to 13. ## Respective Responsibilities of Trustees and Examiner The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## Basis of Independent Examiner’s Statement My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## Independent Examiner’s Statement In connection with our examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep proper accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; has not met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. C L Mayne ACA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 2026 **- 7 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **STATEMENT OF FINANCIAL ACTIVITIES - FOR THE YEAR ENDED 31 DECEMBER 2025** ||Unrestricted|Designated|Restricted|Total|Total| |---|---|---|---|---|---| |**INCOME**|Funds|Fund|Funds|Funds|Funds| ||2025|2025|2025|2025|2024| |**Donations and legacies:**|||||| |Offerings & donations|147086|60000|-|207086|131842| |Malawi|-|-|3632|3632|3869| |Philippines Mission|-|-|-|-|608| |Samaritans Purse|-|-|84|84|95| |Futures Fund|-|-|36736|36736|27712| |Gift Aid|42338|-|-|42338|25406| |**Investments**|||||| |Bank interest received|2859|-|-|2859|3732| ||______|______|______|______|______| |**TOTAL INCOME**|192283|60000|40452|292735|193264| ||______|______|______|______|______| |**EXPENDITURE**|||||| |**Charitable Activities:**|||||| |**Grants payable in furtherance of the charity’s objectives**|||||| |Grants to Catalyst (New Frontiers)|9240|-|-|9240|8800| |Grants to external bodies (Worldwide)|11612|-|1659|13271|12424| |Grants to external bodies (Local)|8473|-|-|8473|4300| ||______|______|______|______|______| ||29325|-|1659|30984|25524| ||______|______|______|______|______| |**Activities in furtherance of the charity’s objectives**|||||| |Hire of premises|13415|-|-|13415|11849| |Meeting consumables|1552|-|-|1552|1152| |Meeting equipment|2410|-|-|2410|1039| |Bank Charges|53|-|-|53|38| |Depreciation of equipment|715|-|-|715|1300| |Worship Team resource|213|-|-|213|574| |Primary Children|1052|-|84|1136|671| |Creche|657|-|-|657|358| |Evangelism|419|-|-|419|511| |Evangelism - Alpha meals|426|-|-|426|790| |Evangelism -Alpha materials|403|-|-|403|188| |Evangelism -Language School|2367|-|-|2367|1934| |Books|95|-|-|95|109| |Weekend Away|3974|-|-|3974|-| |Catalyst Festival|-|-|-|-|2459| |Pastoral & Benevolent|368|-|-|368|1070| |Students|1111|-|-|1111|489| |Church Youth|3192|-|-|3192|1337| |GLOW|1017|-|-|1017|1061| |Socials|523|-|-|523|1036| |Outreach Events|2361|-|-|2361|2728| ||______|______|______|______|______| ||36323|-|84|36407|£30691| ||______|______|______|______|______| **- 8 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **STATEMENT OF FINANCIAL ACTIVITIES - FOR THE YEAR ENDED 31 DECEMBER 2025 (continued)** ||Unrestricted|Designated|Restricted|Total|Total| |---|---|---|---|---|---| |**EXPENDITURE (Continued)**|Funds|Fund|Funds|Funds|Funds| ||2025|2025|2025|2025|2024| |**Support costs**|||||| |Visiting Speakers|518|-|-|518|210| |Hospitality|824|-|-|824|585| |Training|3872|-|-|3872|1908| |Travel|887|-|-|887|887| |Malawi Travel Costs|1183|-|-|1183|1063| |Jordon Travel Costs|2420|-|-|2420|-| ||______|______|______|______|______| ||9704|-|-|9704|4653| ||______|______|______|______|______| |**Expenditure on managing-administrating the charity**|||||| |Administration and other office costs|4864|-|-|4864|4094| |Administration – office rental|4853|-|-|4853|4090| |Legalities|2558|-|-|2558|2207| |Salaries|77543|-|-|77543|63915| |Pensions|5443|-|-|5443|4901| ||______|______|______|______|______| ||95261|-|-|95261|79206| ||______|______|______|______|______| |**TOTAL EXPENDITURE**|170613|-|1743|172356|£140074| ||______|______|______|______|______| |**NET INCOME/(EXPENDITURE) AND NET**|||||| |**MOVEMENT IN FUNDS**|21670|60000|38709|120379|53190| ||______|______|______|______|______| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward|44446|114000|54874|213320|160130| ||______|______|______|______|______| |Total funds carried forward|£66116|£174000|£93583|£333699|£213320| ||______|______|______|______|______| **- 9 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **BALANCE SHEET AS AT 31 DECEMBER 2025** |Fixed Assets
Tangible Fixed Assets
Current Assets
Debtors
Cash at Bank
CURRENT LIABILITIES – Amounts falling due
within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
Represented by:
Unrestricted Funds
Designated Funds
Restricted Funds
TOTAL FUNDS|Notes
2025
2024
3
1875
2590
4
5485
9713
5
332432
205889
______
______
337917
215602
______
______
6
6093
4872
______
______
331824
210730
______
______
333699
213320
______
______
£333699
£213320
______
______
7
66116
44446
7
174000
114000
7
93583
54874
______
______
£333699
£213320

| |---|---| The Financial Statements on pages 7 to 9 were approved by the trustees on 2026 and signed on their behalf by: …………………………………… Saul Algar …………………………………… Martin Bull **- 10 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2025** ## **1. Accounting Policies** a) These financial statements have been prepared in accordance with the Charities SORP (FRS 102): ‘Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) (effective 1 January 2015)’, FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (effective September 2015) and the Charities Act 2011. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The charity constitutes a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note and the financial statements are prepared on a going concern basis. The financial statements are prepared in sterling, which is the financial currency of the charity and rounded to the nearest £1. The charity adopted SORP (FRS102) in the current year. In preparing the accounts, the trustees have considered whether in applying the accounting policies require by FRS102 and the Charities SORP FRS102, a restatement of comparative items was needed. No such restatement was required. - b) Unrestricted funds are 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. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the funding provider. The costs of raising and administering such funds are charged against the specific funds. Designated funds are funds which have been received with no specific restrictions imposed on them such as unrestricted funds but which the trustees have designated to be expended for a specific purpose. - c) Expenditure is accounted for on an accruals basis inclusive of attributable VAT which cannot be recovered. - d) It is the Charity’s policy to capitalise assets with a cost price in excess of £1000. Depreciation is charged in such a way as to write off the cost of fixed assets over their estimated useful lives at the following rates: - Equipment - 20% straight line basis - e) The Charity has made contributions into defined pension schemes for the benefit of its staff. The cost of contributions are written off in the Statement of Financial Activities in the year in which they are paid. **- 11 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2025** ## **2. Staff Costs and Trustee Expenses** |Salaries
Social Security Costs
Pension Costs|2025
76624
919
5443
______
£82986
|2024
63451
464
4901
______
£68816| |---|---|---| Trustee Martin Bull is also an employee and received the following remuneration during the year: |Salary|£50740| |---|---| |Pension Contributions|£4059| This remuneration is for his work as the Church’s leader not for his role as a trustee. No other trustee received any remuneration during the year (2024 none) although Sarah Algar (Church Administrator) is the wife of trustee Saul Algar. The total amount of remuneration benefits for Trustees and Key Management Personnel is £54799. No employee received total employee benefits in excess of £60,000 during the year. The average number of employees during the year was 4 (2024:3) Martin Bull received a further £1697 (2024: £1608) for re-imbursement of expenses incurred. These breakdown to £445 (2024: £449) for UK travel including mileage paid at HM Revenue & Customs approved rates, £96 (2024: £96) for phone costs on a mobile phone supplied by the Church, £960 (2024: £1063) for tickets to Malawi, £108 for insurance for Malawi and £88 for insurance to Jordan. Trustee Laura Green received £730 (2024: £363) for reimbursement of expenses incurred. These were for purchases mainly in support of the youth work led by Laura & her husband. Trustee Saul Algar received £0 (2024: £nil) but his wife, Sarah Algar, who is the Church Office Administrator made many purchases for the Church for which she has been reimbursed £3391 (2024: £2685) and in addition. She was paid £257 for mileage at HM Revenus & Customs approved rates for her attendance at Catalyst group meeting. The total amount of donations received from the Trustees in the year was £20980 (2024 £17860). **- 12 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2025** |**3.**
**4.**
**5.**
**6.**|**Fixed Assets**
Cost of Valuation
At 1 January 2025
Additions in the Year
At 31 December 2025
Depreciation
At 1 January 2025
Charge in the Year
At 31 December 2025
Net Book Value
At 31 December 2025
At 31 December 2024
**Debtors**
Gift Aid Receivable
Prepayments
**Cash at Bank**
HSBC Current Account
HSBC Deposit Account
Loughborough Building Society
Charity Bank
**Creditors**
PAYE/NIC unpaid
Accruals|Equipment
Total
5940
5940
-
-
_____
_____
£5940
£5940
_____
_____
3350
3350
715
715
_____
_____
£4065
£4065
_____
_____
£1875
£1875
_____
_____
£2590
£2590
_____
_____
2025
2024
4621
6069
864
3644
_____
_____
£5485
£9713
_____
_____
2025
2024
1293
890
131000
20500
180000
-
20139
-
______
______
£332432
£205890
______
______
2025
2024
2858
2613
3235
2259
______
______
£6093
£4872
|Equipment
Total
5940
5940
-
-
_____
_____
£5940
£5940
_____
_____
3350
3350
715
715
_____
_____
£4065
£4065
_____
_____
£1875
£1875
_____
_____
£2590
£2590
_____
_____
2025
2024
4621
6069
864
3644
_____
_____
£5485
£9713
_____
_____
2025
2024
1293
890
131000
20500
180000
-
20139
-
______
______
£332432
£205890
______
______
2025
2024
2858
2613
3235
2259
______
______
£6093
£4872
|Total
5940
-
_____
£5940| |---|---|---|---|---| |||||_____
3350
715
_____
£4065| |||||_____
£1875| |||||_____
£2590| |||||_____
2024
6069
3644
_____
£9713| ||||______
2024
2613
2259
______
£4872|| **- 13 -** ## **THE WELL CHURCH LOUGHBOROUGH** ## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2025** ## **7.** |**Analysis of Net Assets by Funds**
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
Funds
2025
2025
2025
2025
Fixed Assets
1875
-
-
1875
Current Assets
70334
174000
93583
337917
Current Liabilities
(6093)
-
-
(6093)
______
______
______
______
£66116
£174000
£93583
£333699
|Total
Funds
2024
2590
215602
(4872)
______
£213320| |---|---| _ Designated funds represent the “Venue Fund” (as noted in the Trustees Report) whereby the Trustees are setting aside funds towards the eventual purchase of a property for the Church. ## **8. Control** The charity is controlled by its members. ## **9. Transactions with Related Parties** There were no transactions with related parties.