## Welby Lane Mission Church
Report and Accounts Year ended 31st December 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **Welby Lane Mission Church**
## **LEGAL & ADMINISTRATIVE DETAILS**
## **FOR THE PERIOD ENDED 31 DECEMBER 2024**
ADDRESS FOR CORRESPONDENCE 60 Welby Lane Melton Mowbray Leicestershire LE13 0TB GOVERNING DOCUMENT CIO - Association Registered 21 Sept 2023 Constitution adopted 16th August 2023 CHARITY REGISTRATION NUMBER 1204850 TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY Yvette Fisher Christopher Jordan Samuel Osborne David Parrott (appointed May 2024) Heather Taylor Susan Thompson (appointed August 2024) BANKERS National Westminster Bank Plc INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB **INDEX** Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts
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## **Welby Lane Mission Church**
## **REPORT OF THE TRUSTEES**
## **FOR THE PERIOD ENDED 31 DECEMBER 2024**
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 December 2024.
## **Objects of the charity**
The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:
a) to advance the Christian faith primarily, but not exclusively, within Melton Mowbray and the surrounding neighbourhood
b) other such charitable purposes as shall put into practice the Christian faith in accordance with the basis of faith
Our current Church governance remains firmly independent in nature. However, to conform with the Charities act 2011 the Church became a Charitable Incorporated Organisation and adopted a new constitution and church handbook on 21[st] September 2023. On 30[th] June 2024, the Church completed the transition of all assets from the Charitable Unincorporated Association to the Charitable Incorporated Organisation. The CUA was merged with the CIO by the UK Charity Commission on 11[th ] July. This report forms part of the first CIO accounts.
## **Summary of the charity's main activities and achievements**
The purpose of this report is to detail the activities of the Church during the period of July to December 2024.
The identity and desire of the Church remain the same, to be in Christ, to be In Melton Mowbray and in the worldwide Church of Jesus Christ. The Church and its members want to present Christ to the people of Melton Mowbray and beyond.
The work of the Church has continued despite the change in our charitable status, and we continue to see God’s blessing and provision. We continue to see new people and visitors joining the Sunday Services each week and seeking to understand the news of the Gospel. We have also seen God continue to bless and grow the church with members supporting and caring for each other and a desire to know more of Christs love.
Following the transition to a CIO, the Church Trustees have undertaken a review of the Church Policies in all aspects of Church Life, including Church Finances, complaint handling etc. However, the most significant outcome of this review has been a re-writing of the Churches Safeguarding policy and appointment of a Safeguarding Lead. This new policy was adopted by the trustees on 2[nd] December after the completion of training sessions involving the Trustees and all members involved in our Children’s work. The new policy has highlighted several small issues that have now been resolved and modified to reflect best practice.
Our regular weekly events have continued and are proving to be beneficial; these include Sparrows (a toddler group) serving many non-church families, a Young Peoples group on Wednesday evenings, a Ladies Friday morning bible study and a Ladies fellowship group. These groups have proved to be a useful time for many to Study the claims of the Bible for the first time and be challenged with regarding the gospel of Christ and their own beliefs.
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The Church Mid-week bible study has been focused on John, the themes of the gospel introducing and highlighting the claims of Christ has been very helpful. Our Pastor has shown how John highlights the availability and accessibility of Christ and led the discussions that followed.
Our regular contact with a local primary school has continued and our Pastor is using the gospel of Luke in a weekly school assembly to introduce Jesus Christ to the Children. At the school’s request, as part of its RE curriculum, our Pastor’s wife has continued to lead a weekly school bible study for a small group of children.
From a practicable perspective the Church has commenced a building project, the initial phase has provided improved disabled access and facilities to the rear of the church. This has been funded by donations and contributions from the Church members and those attending. Plans for work at the front of the church are being developed and work is anticipated to commence in 2025, subject to the approval of the Church membership.
Overall, the church has continued to grow and been challenged by the events of the year so far, we continue to depend on the providence and grace of God as we seek to present the gospel of Jesus to our neighbours in the Melton area.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Financial review**
These accounts are for the financial year ended 31 December 2024 but there were no transactions from January up until the date that the assets were transferred from the CUA on 30th June 2024. During the year income was £135,147 and expenditure was £44,963 . The cash held by the charity increased to £90,184, of which £76,165 is unrestricted and can be used for any charitable purpose.
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £20,000 (which equates to about 6 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £76,165 and the charity is complying with its reserves policy.
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
## Yvette Fisher
___________________________ Yvette Fisher (May 15, 2025 11:12 GMT+1) Yvette Fisher
May 15, 2025 Date:_______________________
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## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **Welby Lane Mission Church**
I report to the trustees on my examination of the accounts of Welby Lane Mission Church ('the charity') for the year ended 31 December 2024 on pages 5 to 8 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Sarah Crispin
Sarah Crispin (May 19, 2025 12:34 GMT+1)
Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: May 19, 2025
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## **Welby Lane Mission Church**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE PERIOD ENDED 31 DECEMBER 2024**
|Notes
**_Income receipts_**
Grant from Welby Lane Mission Church CUA
Offerings
Gift aid received
Bank interest
**_Total receipts_**
**_Payments_**
2
**_Total payments_**
Transfers between funds
4
**Net movement in funds**
Cash funds at last year end
**Cash funds at this year end**
A
Net of receipts / (payments) before transfers
Payments in relation to charitable activities
undertaken directly|General
Designated
Funds
Funds
£
£
24,517
50,030
17,686
-
3,620
-
881
-
46,704
50,030
20,569
-
20,569
-
26,135
50,030
-
-
26,135
50,030
-
-
26,135
50,030
Unrestricted Funds|Restricted
Funds
£
31,147
3,210
3,273
782
38,412
24,394
24,394
14,018
-
14,018
-
14,018|2024
£|
|---|---|---|---|
||||105,695
20,896
6,893
1,663|
||||135,147|
||||44,963|
||||44,963|
||||90,184
-|
||||90,184
-|
||||90,184|
The notes on pages 7 - 8 form part of these accounts.
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## **Welby Lane Mission Church**
## **STATEMENT OF ASSETS AND LIABILITIES FOR THE PERIOD ENDED 31 DECEMBER 2024**
|Notes
**A Cash funds**
Cash at bank with immediate access
Notice deposits
**B Other monetary assets**
Gift aid due to charity
**C Liabilities**
**Falling due within one year**
Fee for Independent Examination
**Total**
**D Assets retained for charity's own use**|General
Designated
funds
funds
£
£
26,135
-
-
50,030
**26,135**
**50,030**
4,325
-
**4,325**
**-**
810
-
810
-
Unrestricted Funds|Restricted
funds
£
13,388
631
**14,018**
540
**540**
-
-|2024
£|
|---|---|---|---|
||||39,523
50,661|
||||**90,184**|
||||4,865|
||||**4,865**|
||||810|
||||810|
|||||
|Freehold building (Church at 60 Welby Lane, Melton Mowbray)
Freehold building (Manse at 14 Alvaston Road, Melton Mowbray)
Contents and equipment (Church)
Contents and equipment (Manse)|Fund to
which asset
belongs|
|---|---|
||General
General
General
General|
Current values of property and equipment have not been quoted because reliable valuations are not available and disclosure is not mandatory. All assets were transferred at the period end to CIO 1204850.
## **E Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
Yvette Fisher Yvette Fisher (May 15, 2025 11:12 GMT+1) ___________________________________Yvette Fisher May 15, 2025 Date:_______________________
The notes on pages 7 - 8 form part of these accounts.
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## **Welby Lane Mission Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
Welby Lane Mission Church became a Charitable Incorporated Organisation and adopted a new constitution and church handbook on 21st September 2023. On 30th June 2024, the Church completed the transition of all assets from Welby Lane Mission Church Charitable Unincorporated Association (CUA) to the Charitable Incorporated Organisation (CIO). These accounts are for the financial year ended 31 December 2024 but there were no transactions from January up until the date that the assets were transferred from the CUA on 30th June 2024.
|**2**
**Payments in relation to charitable activities undertaken directly**
Employment and pension costs
Utilities
Church expenses
Manse epenses
Legal and professional fees
Building work
Ministry costs||Unrestrict|Designated
funds
£
-
-
-
-
-
-
-
ed Funds|Restricted
Funds
£
-
-
-
-
-
24,394
-
24,394|Total
2024
£|
|---|---|---|---|---|---|
|||General
funds
£
13,284
1,220
4,093
264
1,393
-
314||||
||||||13,284
1,220
4,093
264
1,393
24,394
314|
|||20,569|-||44,963|
## **3 Transactions with related parties**
Samuel Osborne served as church leader and was employed by the CIO from 1st July 2024. He was paid £12,767 for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
In addition the charity incurred expenditure totalling £264 in respect of the provision of accommodation (which is customary for ministers) to Samuel Osborne, who is a trustee so that they could better perform their duties.
No other payments were made to trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.
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## **Welby Lane Mission Church**
## **NOTES TO THE ACCOUNTS**
## **FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **4 Movement of funds**
|**Movement of funds**||||||
|---|---|---|---|---|---|
|General funds
Designated funds
Building project
Missionary fund
Restricted funds
Building fund
Total funds|Opening
balance
1st Jan 2024
£
-
-
-|Receipts
£
46,704
50,000
30|Payments
£
(20,569)
-
-|Transfers
£
-
-
-|Closing
balance
£
26,135
50,000
30|
||-|96,735|(20,569)|-|76,165|
||-
-|38,412
38,412|(24,394)
(24,394)|-
-
-|14,018|
||||||14,018|
|||||||
||-|135,147|(44,963)||90,184|
The Building fund is for the purpose of improving and modernising the existing church building. Donations for the building fund are treated as restricted funds, along with associated gift aid. £50,000 was designated from general funds for the building project in the CUA and transferred to the CIO as designated funds. The Mission funds relate to funds set aside for the purpose of supporting charitable organisations which further our own charitable objectives.
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