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2024-12-31-accounts

Annual Report and Accounts for the period ending 31st December 2024

The Well Church, North Swindon. Charity no: 1204595 Reference and Administration Details

Charity Name: The Well Church, North Swindon Charity No: 1204595 Board of Trustees: Jessie Stewart (Chair) Ian Stanton (Treasurer) Peter Firth Paul Freeland (ex-officio) Sarah Barton All trustees were appointed 5th September 2023 Secretary: Rebecca Smith Registered Address: 80 Queen Elizabeth Drive Swindon SN25 1UE Operating Address: The Well Church Abbey Meads Village Centre Elstree Way SN25 4YX Independent Examiner: Derek Rodwell Impact the Future Ltd Bennett Verby 7 St Petersgate Stockport Cheshire SK1 1EB Principal Bankers: Virgin Money 177 Bothwell Street Glasgow G2 7ER

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The Well Church, North Swindon Trustees Annual Report

The Board of Trustees present their reports for The Well Church, North Swindon for the period ending 31st December 2024. This being our first report, it covers the extended period from our registration in September 2023.

Charitable Aims, Objectives and Activities

The Well Church, North Swindon (The Well) is an Anglican church, led by Rev’d Paul Freeland. We were commissioned by the Bishop of Bristol to plant a new church for North Swindon in September 2021. At that time we existed as a ministry or division of Swindon CCRC Trust (“Pattern Church”), with our incoming and outgoing funds restricted for our use. We were incubated in that arrangement until September 2023, by which time we had grown significantly in size and local impact and it felt opportune to formally separate and manage our governance separately.

The Board of Trustees is committed to playing our part in the re-evangelisation of the nation, the revitalisation of the church and the transformation of society by “ Worshipping Jesus and Building Community in North Swindon ”. This one sentence, dual vision frames The Well’s ongoing activities primarily through the provision of church services, courses, social action projects, and community building activities.

The charitable objectives are “ to advance the Christian faith in Swindon for the benefit of the public in accordance with the doctrines, policies, practices, and patterns of worship of the Church of England by furthering its pastoral, evangelistic, social and ecumenical activities. ”

The Well exists to give people an opportunity to explore and encounter faith in Jesus, to grow in that faith, and to serve the community which we love

2023/24 Achievements and Performance

This period was an exciting and important season in the life of The Well for so many reasons. As we look back over the activities of the church, we’re full of gratitude and faith for all that happened.

A key moment for us was moving into our own building, having been located in a local school since launching in 2021. We obtained the keys in March 2024 and moved our Sunday services to the building in September 2024. We’re grateful to the Diocese of Bristol, its Bishops and staff for purchasing this building for us. We now lease the building from them. Having this building has already precipitated growth in nearly every area of church life - more activities and more people.

“Worshipping Jesus”

Sunday Services

Our services are contemporary and relaxed with a focus on facilitating everyone to encounter and worship Jesus, regardless of prior experience, knowledge, education, background, or

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additional needs. This year has been a busy one for our regular worship with our spaces feeling full often.

A third of our church is under 18 each week, which we don’t take for granted at a time where many churches have no young people at all. This important work relies on a large team of dedicated volunteers.

Mid-Week Service

Once in our new building, we began to worship on Wednesday mornings with a more reflective and liturgical Holy Communion service. This has become a wonderful worshipping community with its own identity and a new way into the life of the church.

“Fire” Worship Evenings

We have run monthly worship and prayer on Friday evenings, which allows more time and space than we are able to achieve on a more programmed Sunday service.

Local Church Unity

We continue to work closely with other churches in North Swindon and beyond. We led carol singing at the Orbital shopping park in December 2023 with over 200 joining us from local churches and from the community. Likewise, on Good Friday worshipping alongside many local Christians and joining the Walk of Witness has become an important touch-point. We also joined Go ‘24 and Pray for Swindon ‘24.

Christmas Services

We’ve had two wonderful sets of Christmas services in the reporting period - our last in St Francis school and our first in our new building. Each service gave us the opportunity to welcome dozens of people who don’t usually attend church.

Focus

Around 40 of our people made the trip to Newark Showground for the annual Focus longweekend. This extended opportunity to build friendships, worship together and have fun is so valuable.

Alpha

We run the Alpha course each term. Alpha is an 11 week course offering the space for participants to explore the Christian faith in a friendly, non-judgemental environment over food. 4 Alpha courses ran in the reporting period.

Week of Prayer

We ran a week of prayer in October 2024. A busy timetable of 3 prayer meetings ran each day for a week, including lunchtimes online. Many different people attended across the week. “Building Community”

Small Groups

Members of the church gather in homes across North Swindon for friendship, to open the bible, pray and practice spiritual gifts. 6 groups are currently meeting led by a team of volunteer leaders

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Little Wellies

Our toddler group ran weekly in term time at St Francis School. Numbers vary between 60 and 90 in attendance.

The Underground

The Underground is an open-access youth club which The Well runs with support from other local churches and organisations. The venue itself is a purpose-built youth centre which has been underutilised since council cuts closed it more than ten years ago. Since we re-opened the centre after Easter 2024, we now see an average of 30 young people enjoying the welcome and activities in a safe space on Mondays and Tuesdays.

Men’s and Women’s Ministries

A programme of community-building and discipling events was run by teams of volunteers. The men had opportunities to eat together and walk as well as monthly pub nights. Women had breakfasts, pub trips, and held an extremely successful and well-attended Christmas wreath-making workshop. Several women travelled together to The Orchard conference in Birmingham.

Our New Building

The Diocese of Bristol bought the former Christ the Servant church building in Abbey Meads in March 2024. The building was constructed in 2002 and had been operating as a Local Ecumenical Partnership, which closed for worship in 2023.

Prior to completion of the legals, The Well held a “gift day” inviting the church to give specifically for the refurbishment of the building and to construct an additional breakout space in the garden for young people. Along with two small grants the money donated covered the cost of a complete refurbishment. Planning permission was subsequently received in early 2025.

This building will enable us to extend our community engagement.

Future Plans

In 2025 The Well looks to continue to grow as a church, welcoming new people of all ages and backgrounds. We will continue to launch new groups and programmes as funding, leaders and volunteers allow.

Public Benefit

Having thoroughly reviewed the Charity Commission's guidance on public benefit, specifically focusing on the advancement of religion, the Board of Trustees is confident that The Well surpasses the established requirements in numerous ways. This public benefit has been demonstrated by the activities undertaken since inception of the charity outlined in this document.

Our church’s primary beneficiaries are those who engage directly with us through ministry and service, but our impact extends, not least through our direct beneficiaries, to the wider public.

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Structure, Governance and Management

Governing Documents

The organisation is a charitable incorporated organisation (CIO), registered with the Charity Commission on 5th September 2023. Our charity objectives are set in our governing document, “The Well Church, North Swindon Constitution of a Charitable Incorporated Organisation whose only voting members are its charity trustees” which was agreed by the Board of Trustees in August 2023.

Structure

The Board of Trustees is responsible for the governance and management of the church. The responsibility for leadership of the church’s activities, development of its spiritual life and its daily management has been delegated to the staff team. The Board of Trustees retains final decisions over policy, employment of staff and finance, and takes responsibility for all matters of legal and regulatory compliance.

Trustees give their time voluntarily and receive no financial benefit from the charity. Trustees are appointed by the board of trustees and can be appointed by ordinary resolution at a trustees meeting.

Decision Making

All financial and strategic decisions over £2,000 are taken by the Board of Trustees. Any financial and strategic decisions over £500 are taken by the church leader. The organisational implementation of the strategy is carried out by the staff team. The Rev’d Paul Freeland fulfils the key day-to-day senior management role.

The salary of the church leader is paid by the diocese in accordance with the agreed salary structure of ordained personnel in the Church of England.

People

The Well is our people - church family and ministry members who are the primary source of every activity. The staff team is small and their job is to support, lead and encourage these volunteers. Specialist volunteer teams support Sundays with welcome, hosting, worship, production, children’s work and youth work. There are volunteers supporting young people at the Underground, families at Little Wellies, pastoring Small Groups, and hosting Alpha groups. Volunteers help maintain our new building. There is a Church Council, comprising a spectrum of key volunteers from across the church, which gathers termly to discuss church matters

In accordance to FRS 102 and the Charities SORP (102), the economic contribution of general volunteers is not recognised in the accounts. All staff, volunteers and trustees undergo a formal recruitment, safeguarding, and selection process, followed by an induction period that includes any training considered necessary to effectively perform their role.

Safeguarding

Trustees of The Well, as part of the wider Church of England, recognise our duty of care to staff, volunteers and stakeholders and seek to safeguard those at risk of abuse, protect and support those who have been abused and promote the welfare and safety of all.

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The Board of Trustees have adopted the Diocese of Bristol’s safeguarding policy relating to children, young people and vulnerable adults and appointed Katy Tugwell as Safeguarding Officer. The Safeguarding Officer has completed the necessary diocese training courses in safeguarding young people and vulnerable adults.

The trustees are committed to the principles of best practice in relation to safeguarding and comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 in respect of having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The guidance can be read in full on the Church of England official website.

Key risks and uncertainties

The principal risks and uncertainties that the trustees see as facing the charity and any subsidiaries include the ongoing responsibility of the financial cost of maintaining the church building and staffing costs. Risks are tracked and reported in each Trustees meeting.

The Well pays a contribution to the Diocese of Bristol, of which we are proudly a part, called “Parish Share”. The current level of Parish Share is manageable, and is expected to grow over the coming few years. Additionally, we will pay rent on our new building increasing over the next 5 years to a maximum of £13,000 per year. The church income will need to increase to meet this additional cost.

The trustees’ plans and strategies surrounding these risks include exploring opportunities to apply for relevant grants as well as increasing rental income from the building. The building already generates significant revenue but there is more capacity, currently.

Financial Review

The accompanying financial statements summarise the results for the 12 months ending 31[st] December 2024. Transactions in 2023, including those both before and after the registration of the CIO on the 5[th] of September 2023, were recorded in the accounts of the Swindon CCRC Trust (Pattern Church) for 2023. The assets of The Well were then transferred from the Swindon CCRC Trust on the 31[st] of December 2023 into the CIO.

In the 12 months ending on the 31[st] December 2024, The Well had total income of £262k and expenditure of £134k giving a surplus for the year of £134k including £110k on unrestricted funds. The balance on restricted funds was £24k of which £15k related to fixed assets purchased from the congregation building fund.

The details behind these figures can be seen on the accompanying financial statements.

Reserves policy

It is the aim of The Well to have a balance on free reserves (unrestricted reserves excluding fixed assets) of £25k. The trustees estimate that there are around £5k per month of fixed costs including salaries, utilities and rental costs and have agreed to keep 3 months of reserves to cover these commitments i.e., £15k. A further £10k was also added to ensure that unforeseen costs such as building repairs are also covered. Free reserves at the end of 2024 came to £99k (see note 11) which is over 9 months of the 2025 budgeted unrestricted expenditure.

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The Board of Trusteeg responsibilities in relation lo the FinaTicial Sialeryierits Chaflty law requires the trustees, who are also directors, lo prepare a st8tement of financial activities and slalemenl of assets 3nd liabilities for each fin8nci81 year, which gives a true and fair view of rhe stalè of affairs ol ihe church and of ils financi81 aclivilies for Ihal year and adequately distinguishes any maler131 spec131 trust or any olhei reslricled fund ol the church. In preparing those fin8nci818latemenls the Iruslees are required lo.. select suitable accounting policies and then apply them consistently, make judgements 8nd estimates that are reasonable and prudent. stale whether policies adopied are In accordance with appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to any material depanures clisclosed and explained In the financial statements, prepare the accounts on the ongoing concern basis unless Il is Inappropriate lo presume the church will continue io operate. The Iiusiees are responsible for keeping proper accounting records which disclose. with reasonable accuracy al any time, the financial position of the church. and io enable them lo ensure that the finanei81 statements comply with applicable Accounting Standards and Statements of Recommended Practice. the Companies Act 2006 arTrd the regulations made under the Charilies Act ?01 l. Thev are also responsible for saleouarding the assets of Ihe church and hence for taking reasonable steps for the prevention and detection of fraud and othef Irregularities. On behalf of the Board of Trustees Jessie Stewart Chair of Trustees The Well Church. Norih Swindon Page 8

Independent examiner’s report to the Trustees of The Well Church, North Swindon

I report on the financial statements of the charity for the period ended 31[st] December 2024, which are set out on pages 11 to 18.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 (the 2011 Act). I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Certified Accountants

Having satisfied myself that the charity is eligible for independent examination, it is my responsibility to:

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any other than the charity and the charity’s trustees as a body for my examination work, for this report or for the statements that I have made.

Basis of independent examiner’s report

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

Since the gross income for the period exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act being a fellow of the Chartered Association of Certified Examiners.

In connection with my examination, no matter has come to my attention:

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Date: 11[th] September 2025

Derek Rodwell FCCA

Impact The Future, Bennett Verby, 7 St Petersgate, Stockport, Cheshire, SK1 1EB

Page 10

THE WELL CHURCH, NORTH SWINDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST DECEMBER 2024 (SEE NOTE BELOW)

Note
INCOME FROM:
Voluntary income
2
Income from charitable activities
3
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
Courses & Events
Children, youth and pastoral
Worship & Services
Mission Giving
Building & Development
Parish Share
TOTAL EXPENDITURE
4,5
NET INCOMING / (OUTGOING) RESOURCES
Transfers
NET MOVEMENT IN FUNDS
Total brought forward
TOTAL FUNDS AT 31 DECEMBER		 Unrestricted Restricted
Total
funds
funds
funds
2024
2024
2024
£
£
£
194,034
57,945
251,979
10,450
0
10,450
204,483
57,945
262,429
3,925
0
3,925
30,795
3,869
34,664
12,213
3,372
15,585
16,451
0
16,451
5,624
26,945
32,570
25,000
0
25,000
94,008
34,186
128,194
110,476
23,759
134,235
0
0
0
110,476
23,759
134,235
0
0
0
110,476
23,759
134,235

NOTE

The Well Church was registered as a Charitable Incorporared Organisation on the 5th of September 2023. All transactions relating to The Well were recorded by the planting church (Swindon CCRC Trust- Pattern Church) up to the transfer date of 31st December 2023. There are therefore no comparatives shown here for 2023 and the results shown above relate to the 12 month period ending on 31st December 2024

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THE WELL CHURCH, NORTH SWINDON BALANCE SHEET AS AT31 DECEMBER 2024 31ST DECEMBER 20Z4 FIXED ASSETS Tangible 85sels 26.357 2e,357 CURRENT ASSETS Sundry Debtors Cash at bank 7.734 118.910 CREDrroRS: amounts tslllng duo w*lth4n 12 months 11.032 111.0321 NETCURRENT ASSETS 107.878 NET ASSETS 134.235 STATEMENTOF FUNDS Restncted funds Unrestricted funds 23,759 110,476 TOTAL FUNDS 134,235 The notes ors pages 13 to 18 form part oflhe5e financial statements. Approved by Ihe trustees and signed on their b8h81f, Full Name Jessie siÉtJART Signed Dated V9/2O25- Page 12

THE WELL CHURCH, NORTH SWINDON Notes to the accounts

For the period ended 31st December 2024

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Well Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The trustees are confident that the church is a going concern. Therefore, the trustees have prepared these accounts under the historical basis of accounting. Budgets and cash flow forecasts have been prepared for the period to the end of 2025.

Funds

General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church. Restricted funds are those donated for specific purposes.

Income

Voluntary income and capital sources

Donations and other income are recognised when received and an estimate of income tax recoverable is recognised when the related donations are recognised.

Grants and legacies are accounted for as soon as the church is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the church is probable.

Fixed assets

Additions and improvements to the church premises are written off as incurred. Individual ssets costing over £500 are capitalised. Fixed assets are depreciated on a straight line basis as follows:

Plant and machinery: 5 years

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Fixtures and Fittings: 5 years Computer and worship equipment: 3 years

Current assets

Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.

Current assets

Amounts owing to the church at 31 December in respect of fees, rents or other income such as gift aid are shown as debtors less provision for amounts that may prove uncollectable.

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THE WELL CHURCH, NORTH SWINDON

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31ST 2024

UnrestrictedRestricted UnrestrictedRestricted Total
funds funds funds
2024 2024 2024
£ £ £
**2 ** VOLUNTARY INCOME
Planned giving 73,470 1,000 74,470
Grants 0 30,260 30,260
Funding through Pattern Church 86,509 22,269 108,778
Offerings (cash and cards) 13,492 360 13,852
Gift aid tax 20,563 4,056 24,619
194,034 57,945 251,979
UnrestrictedRestricted Total
funds funds funds
2024 2024 2024
£ £ £
**3 ** OTHER INCOME
Underground (Youth) 31 0 31
Building rentals 9,708 0 9,708
Well Woman event 515 0 515
Other 196 0 196
10,450 0 10,450

4 ALLOCATION OF EXPENDITURE 2024

ALLOCATION OF EXPENDITURE 2024
% of time spent
Courses & Events
8.58%
Children, youth and pastoral
59.95%
Worship & Services
22.88%
Mission Giving
0
Building & Development
8.58%
Parish Share
0
100.00%
Allocation of staff costs including training,expenses, etc
Allocation of central admin costs
Totals		 Direct costs Staff costs
Central
costs
Total costs
2024
2024
2024
2024
£
£
£
£
2,381
0
1,544
3,925
6,019
17,855
10,790
34,664
11,468
0
4,118
15,585
16,450
0
0
16,451
31,025
0
1,544
32,570
25,000
0
0
25,000
92,343
17,855
17,997
128,194
17,855
(17,855)
0
17,997
(17,997)
0
128,193
0
0
128,194

Central costs have been allocated to departments in proportion to the amount of total time staff are estimated to have spent on the different activity area's.

**5 ** ANALYSIS OF DIRECT COSTS UnrestrictedRestricted UnrestrictedRestricted Total
funds funds funds
2024 2024 2024
£ £ £
Courses & Events
Alpha Course 185 0 185
Focus 1,799 0 1,799
Mens & womens ministries 397 0 397
2,381 0 2,381
Children, Youth & pastoral
Children - Events 442 0 442
Children - Little Wellies 145 84 229
Children - Midweek 145 0 145

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Children - Sundays
Youth - Events
Youth - Midweek
Youth - Other
Youth - Sundays
Youth - Underground
Pastoral
Worship & Services
Sundays - Other
Sundays - Refreshments
Sundays - Special Services & Christmas
Sundays - Venue hire
Worship- Equipment
Worship - Other
Mission giving (see below)
Outward Giving- Church Planting
Outward Giving - Mission
Building development
Parish Share
Total Direct costs
Mission Giving analysis
Light Church
TEAR fund
ISing pop
Safe Families
Evangelical Alliance
United Bible Societies
Way UK
Swindon Food Collective
Sportily
Care for the Family
Fusion
LICC
Crosslight Advice
Children's Society
Analysis of overheads allocated
Central - Accountingand related
Central - Insurance
Central - Office costs
Central - Other
Central - Training
Buildings- depreciation
Buildings - Gardening,Cleaning,Waste
Buildings - Maintenance
Buildings - Other
Buildings - Utilities		 497
0
497
188
0
188
21
0
21
31
0
31
249
0
249
0
3,770
3,770
521
(73)
448
2,238
3,781
6,019
417
0
417
844
0
844
1,010
0
1,010
3,155
0
3,155
2,025
3,372
5,396
645
0
645
8,096
3,372
11,468
5,000
0
5,000
11,450
0
11,450
16,450
0
16,450
5,311
25,714
31,025
25,000
0
25,000
59,475
32,867
92,343
5,000
0
5,000
1,600
0
1,600
800
0
800
1,600
0
1,600
800
0
800
800
0
800
800
0
800
800
0
800
800
0
800
800
0
800
800
0
800
800
0
800
800
0
800
250
0
250
16,450
0
16,450
1,893
0
1,893
522
0
522
391
0
391
734
0
734
573
88
660
1,645
1,191
2,836
3,710
0
3,710
1,099
0
1,099
695
40
735
5,415
0
5,415
16,678
1,318
17,997

Page 16

6 SALARIES

Analysis of payroll:

Gross pay
Employers NI (net of employment allowance)
Employers Pension		 2024
£
17,544
0
311
17,855

In the 12 months ending 31st December 2024 there were, on average, 2 people on staff representing an average FTE of 0.75. The key management role was filled by the Revd Paul Freeland who received his salary from the diocese and received no emoluments or benefits in kind from the The Well Church. Expenses incurred on behalf of the church were refunded against receipts. No member of staff received renumeration of above £60,000

7
8
9
**10 **		 TANGIBLE FIXED ASSETS 2024
Assets at cost
Opening balance- from Pattern Church
Purchases
Closing balance
Depreciation
Opening balance- from Pattern Church
Charge for the period
Closing balance on accumulated depreciation
Opening balance 01/01/2024 (transfer from Pattern Church)
Closing balance on fixed assets 31/12/24
DEBTORS
Accounts receivable
Prepayments
Owed by HMRC for NI/PAYE
Gift Aid receivable
CREDITORS
Amounts falling due within one year
Accounts payable
Accrued expenditure
STATEMENT OF FUNDS (2024)
Unrestricted Funds
Restricted funds
Grants and donations received
Benefact Trust- Building improvement grant
Congregation- building fund
Haydon Wick Parish Council- Underground grant
Little Wellies 'Boot Room' donations
Wiltshire Community Foundation- underground
Wiltshire Historic Churches- Building grant		 Fixtures &
Plant &
IT
Total
fittings
machinery equipment
£
0
4,852
500
5,352
21,476
4,562
0
26,038
21,476
9,414
500
31,390
0
1,948
250
2,198
1,471
1,199
167
2,836
1,471
3,147
417
5,034
0
2,904
250
3,154
20,006
6,267
83
26,357
2024
£
560
599
3,644
2,931
7,734
2024
£
76
10,956
11,032
2024
2024
2024
2024
2024
Opening
Incoming
Resources
Transfers
Closing
Balance
resources
expended
Balance
£
£
£
£
£
0
204,483
(94,008)
0
110,476		 Fixtures &
Plant &
IT
Total
fittings
machinery equipment
£
0
4,852
500
5,352
21,476
4,562
0
26,038		 Fixtures &
Plant &
IT
Total
fittings
machinery equipment
£
0
4,852
500
5,352
21,476
4,562
0
26,038
21,476
9,414
500
31,390
0
1,948
250
2,198
1,471
1,199
167
2,836
1,471
3,147
417
5,034
0
2,904
250
3,154
20,006
6,267
83
26,357
2024
£
560
599
3,644
2,931
7,734
2024
£
76
10,956
11,032
0
2,500
(2,500)
0
0
0
27,300
(22,643)
0
4,657
0
3,000
(2,581)
0
419
0
360
(84)
0
276
0
5,000
(1,277)
0
3,723
0
3,910
(3,910)
0
0
0

Page 17

Grants spent on fixed assets
Congregation building fund
Total restricted funds
Total Funds		 0
42,070
(32,995)
0
9,075
0
15,875
(1,191)
0
14,684
0
15,875
(1,191)
0
14,684
0
57,945
(34,186)
0
23,759
0
262,429
(128,193)
0
134,235

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed assets
Current assets
Creditors due within one year
NET ASSETS		 Unrestricted Restricted
Total
funds
funds
funds
2024
2024
2024
£
£
£
11,672
14,684
26,357
109,835
9,075
118,910
(11,032)
0
(11,032)
110,475
23,759
134,235

12 RELATED PARTIES

No trustees received any remumeration during the year.

None of the trustees were reimbursed for expenses relating to services provided to the charity as trustees. Expenses incurred by trustees on behalf of the Trust were reimbursed against receipts

In the period ended 31st December 2024 £18,327 was given by the trustees to the church.

13 INDEPENDENT EXAMINATION

A fee of £550 was accrued in the period for the independent examination and £550 for the preparation of the accounts.

14 LEASES

A lease agreement on the church building was agreed with the Diocese to run from 10th February 2025 for 7 years. The first years rent is a peppercorn, years 2 and 3 £3,000 pa, years 4 and 5 £7,000 pa and years 6 and 7 £13,000 pa.

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