waterbrook Waterbrook Churcb CIO Trustees Report and Financial Statements for the year ended 31 December 2025 Registered number 1200990 Waterbrook Church CIO 31 December 2025 Contents Annual Report of the TNstees Independent Examin¢￿S Report Receipts & Payments for the year ended 31 December 2025 Statement of Assets & Liabilities as at 31 December 2025 Notes to the Accounts 9-10 Waterbrook Church CIO 31 December 2025 Annual Trustees, Report AdmiDistrative Details of the Chari Waterbrook Church CIO ("the Charity") was registered with the Charity Commissioners under number 1200990 on I l November 2022. On 31 December 2022 the acttvities, assets, and liabilities of the charity known as the Wat¢Tbrook Cl]ristian Charitable Trust (WCCD registered number 801502 were trallsfe￿ed to the Charity. On th 8 December 2022 this transfer was registered by the Charity Commission as a merger and therefore WCCT was removed from the Register of Charities. The Charity has continued to undertak¢ th¢ ¢haritable activiti¢s fonnei'ly undertaken by WCCT. The pi'incipal address for ¢orr¢spond¢nc¢ and registered office is The Court Am]ex, The Green, Stok¢ Gifford, BTlStol.BS34 9PD. TTUStces who scrved during the year ended 31 December 2025 were: Steve Cole, P rnajority4ecision of the existing trust¢¢s, The church's activxties &re led by ihe Church Leader supported by a pastoral team. The Church Leader is also & Trustee. The Trustees have appointed a Finance Comrnittee to oversee the finance and administration aspects of the trust and a Missions Committee to oversee the missions SUPPOrt work of ihe charity. Apart from Luke Goodway, who serves as the Church Leader, the Trustccs are not remunerated by the Charity. The Trustees have had regard to the Charity Commissioners guidance on public benefit, Chari 's Pur ose The Charity's purpose is the advancement of the Christian faith in accordance with its Basis of Faith in such part of the United Kingdom or the world as the Trustees may fyom time to time think fit, including through providing services for prayer and worship, pastoral care and outreach work. Activities Tlie Charity fulfils its pulyose through the ministry of a local church and through making grantg to individuals and organisations wlio are involved in activities which are aligned with its purpose. WateTbrook Church CIO 31 December 2025 Regular Sunday morning meetings were held throughout the year at Lincombe Barn in Downend as well as dis¢iple5hip. prayer, bible study and youth meetings taking place in homes and at the registered office. The Charity has a website www.waterbrook.or .uk where its ministry can be seen in more detail. The main organisations the Charity has supported in 2025, all of which seek to further the Christian fatth, are.. DCM Ministries in particular ihe children's home they run based in India, SIFT (wTrww.seed-trusl.eom.), which is involved in ministering to the poor and distressed in Ometepe Nicaragua with a special ernphasis in providing health. education and sustainable livelihoods, UNIVIDA (www.univida.org) which assists young people in Fortaleza. Brazil with additional education to help them slay out of gangs and degrading occupations. In addition to this Ihere is the regular support for pastors and help with one-off projects for churches tn countries where the local congregalions find it hard to support the ministries such as Kollom, Kndia where the Charity has a close link wiih the Spring Valley Church and Iasi, Romania, where the Charity has a close link wilh the Filadefia church (www.ccis.ro), as well as Daniel and Anna Cherian who minister in Rajastan, India and other ministries in Peru. The Trustees limit the nurnber of organisations the Charity is regularly involved with to a manageable number so Ihal the Charity can be a meaningfu5 partner to these Christian projects and ministries boih in the UK and elsewhere. In this way the Charity can keep in contact and have an ongoing involvemenl. These miiiislries maintain regular correspondence with the Trustees, and this is reviewed al the quarterly Mission Committee meeting with recommendations made to the Trustees for financial support. In this way the Trustee5 understand the projects involved and the work Ihat the Charity is supporting. Where support is requested for one off special projects from olher organisalions, whose activitie5 are consislent with the Charity's purpose, Ihis request is considered by the Missions Committee on the lines above and decisions are made after prayerful consideration. The Charity does not fund raise. Its income derives principally from regular gifts from church members. The Church Leader oversees the ministry aspects of the church alongside an active pastoral team. Each church member is encouraged to exercise their own giftings in serving and caring for the church and community. This year. Walerbrook has embarked on a working relationship with New Life Church Bristol, which has charitable objectivcs that are aligned with Waterbrook. Walerbrook and New Life have successfully nin Alpha courses. community events, and have now a150 decided to work together on Sunday services. This will happen weekly from January 2026. If a suitable property became available, Ihe Charity would consider the appropriateness of acquiring it. This would enable the Charity to have a fixed base for the ¢hurch io operate throughout the week and to do more community-based work. Waterbrook already utilise an office space for thi5 in Stoke Gifford and have now also agreed to have St James Church building in Lockleaze transferred to the Charity from Woodlands GTOUP of Churches at no c05t to the charity. In 2022 WCCT transferred St.Tames Church io Woodlands at no cost for their charitable purposes. This Iransfer is likely to take place in qUfArter 2 of 20?6, and Waterbrook will inhabit it in quarter Waterbrook has aoreed to employ a youth worker, who Mqll be part funded by the partnership with New Life Church, and will seek to employ a missional worker in the middle of 20?6, to work in the Lockleaze environmenl. Waterbrook Church CIO 31 Decembei. 2025 Financial Review During the year the Charity had receipts of £90,046 and payments of £72,283 as set out on page Reserves Poli The Trustees res¢rv¢ policy recognize5 that the Charity requires finan¢ial r¢s¢rves in order to.. be in a position to be able to own premises at some future date. This would enable the Charity to have a fixed base for the Church to operate from and given current values in the property market, a significant deposil will be r¢quired to achieve this. support misstonaries and other organizations on an ongoing and regulaT basis. The Trustees also want to be able lo support oth¢r worthwhile projects from time to time. Waterbrook has a re8ularfinancial commitment for a Church L¢ad¢r and Ministry Support Worker and needs financial reserves to support this. All the above r¢quir¢s a r¢s¢rve5 policy. Although not formally separated the level of r¢serv¢s as at 31 December 2025 of £266,581 has & property fund el¢menl to it of around £185.000 And a current rcscrves elem¢i)t to it of Hround £80,000. The TrustCCS' CUTrcnt view is that a level of reserves of £80,000 is appropriate, r¢pTesenting about 12 month's forecast expenditure. knl Currcr (Ch#irman) n behalf of Ihe Trusl¢es WaterbTook Church CIO 31 December 2025 Independent Examiner's Report For the Year Ended 31 December 2025 I report to the Trustees on my examination of the accounts of the Waterbrook Church CIO ("The Charity") for the year ended 31 December 2025. RespoDsibilltAes and bp4sls of report As Ihe'charity Trustees you are responsible for the preparation of the accounts in accordancc WAth 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 Ihe 2011 Act and in canying out my examination I hdve folluwed all the applicable Dircctions given by the Charity Commission under section 145(5){b) of the Act. IndepeDdeDt Examlner's Report I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me ¢aus¢ to believe that in any material respect.. l. accounting records were not kept in respect of the Charity as required by section 130 of the 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in conn¢ction with the examination to which attention should be drawi in this report in order to enable a proper understanding of the accounts to b¢ rcached. Funsbo Ojo ACA 111512G 24 Cydbot Rise, Portishead, Bristol BS20 6NX Waterbrook Church CIO 31 December 2025 Receipts and Payments for the year ended 31 December 2025 Receipts 2025 2024 Total Total Funds Funds Donations 68,251 59,648 Gift Aid tax receipts 12,906 9,796 81,157 69,444 Investment Income Interest Received 8,889 10,881 Total Receipts 90,046 150,325 Payments Grants and ministry gifts 19,098 14,200 Rent for meeting place 6,538 5,462 Church staff costs 35,996 24,925 Relief Fund and small gifts. 500 630 Equipment 1,093 1,814 Licensing ¢osts 1,654 1,057 Church other costs 7,404 6,894 Total Payments 72,283 54,982 Waterbrook Church CIO 31 December 2025 Net Reccipts/(Payrnents) 17,763 25,343 Fund Balances brought forward 248,818 223,47S Fund Balances carried forward 248 818 Statement of Assets and Liabilitie8 as at 31 December 2025 Current Assets Cash at Bank 266 581 248 818 Total Assets 266 581 248 818 aul Currer (Chairman) n behalf of tbe Truslees Waterbrook Church CIO 31 December 2025 Notes to the Accounts for the year ended 31 December 2025 l. Accounting policies Basis ofprepftrolion The fillancial statements have been prepared on a Teceipts and payments basis under section 133 of th¢ Charities Act 2011. Equipment purchased costing under £1,000 per item is written off to the receipts and payments account. 2. Funds Movement in funds in the year 202S 2025 Unrestricted Restricted 2025 Total 2024 Total Reserves brought forward 248,818 248,818 223,475 Income 87,176 2,870 90,046 80,325 Expenditure Reserves carried forward 264 450 266 581 248 818 Restricted income in the year represents: £2,000 grant received from the George Muller Charitable Trust for youth outreach. £500 donation received from ¢hur¢h m¢mb¢r for Ministry SupporL Worker's training costs. £370 in gifts for the Food Project. In 2024 all funds were unrestricted, 3. Employees, Remuneratlon On I" March 2024 the Charity ¢mploy¢d a Church Lead¢r on a part-time basis wlio was also a Trustee. In the year ended 31 December 2025 his renumeration was £28,160. 4. Trust¢e$' Rejnuneration and Expenses. No remuneration was paid to the Trustees other than noted in note 3. Trustees were Thot reimbursed any expenses. 5. Related Party Transactions A Trustee is connected with Cliarmian and Dennis Arevalo. pastors in a church in Lima. Pew. Support of £1,140 was provided to them in 2025. WaterbTook Church CIO 31 December 2025 In cases where a Trustee is connected with a charity OT ministy which receives finan¢Aal support, the Tn]stee is not a party to the decision to give the support. io