ChaTity number. 1054380
The Wells Church
Unaudlted
Trustees. report and financial statements
For the period ended 31 December 2024

The Wells Church
Contents
Page
Reference and admlnlstrative details of the Charlty, its Trusto9$ and advlsgrs
Trustses, report
Independent examinerfs report
Statement of flnandal actfvities
Balance shget
10
Notes to the flnanclal statements
11-25

The Wells ChurGh
Relerence and adrninistratlvg detalls of the Charlty. Its Trustees and athii$ers
For the period ended 31 December 2024
Trustee$
S Mayho lapwlnted 30 April 20241
l Martin (appointed 30 April 20241
M Winter (appointed 30 April 2024}
8 Hugh8s {appointed 30 April 20241
Dr B Rablu {appointed 1 October 2024)
Charity reg15tered
number
1054380
Prlnclpal offlGg
Christian Centre
Hanover Road
Tunbridge Wells
Kent
TN11EY
Accountants
Kregton Reeves LLP
Chartered Accountsnts
37 Sl Margaret's Street
Canterbury
Kent
CT12TU
Indopendenl Examlner
Samantha Rouse FCCA DChA
Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT12TU
Page 1

The W8lls Church
Trustsgs. report
For the period ended 31 December 2024
The Charity was reglstered on 30th April 2024, and as suth the Trustees presant their annual report together
with Ihe financial statements of the Charity for the peri(xl 30 April 2024 to 31 December 2024. The Annual report
seryes the purposes of both a Trustees. report and a Directors. report under company law. The Trustees confirrn
that the Annual report and financial statements of the Charity cornply with the cur￿n1 statutory requirements, the
requirements of the Charity's governing document and the provisions Df the Stat6menl of Recommended
Practice ISORPI applicable to charities pr8paring their accounts in accordance with the Finanaal Reporting
Standard applicable in the UK and Republic of Ireland IFRS102} leffecbve 1 January 20191.
The Charity was fonned as part of a change of struclure from an unincorporated charity lo a CIO. The activitles
and beneficiaries etc of the previous unincorporated charity. Tunbridge Wells Christian Fellowship, were
transferred lo the new CIO. The Wells Church, on 30th Septernber 2024.
The charity has applied merger accounting in the firsan(aal staternents. as permTlted under the Charity SORP,
whgro a change in legal stru¢ture can be accounted for as a merger. As such. resulls of The Wells Church are
dlsclosed for the 8 morrth period 30 April 2024 to 31 December 2024. The results for the prior peri￿ are
dlsclosad for the 16 month perio¢J 1 January 2023 to 29 April 2024.
Since the Charity qualifies as Small under section 382 of th8 Companies Act 2006. the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Reporti
Regulations 2013 has been omitted.
ObjeC￿ve3 and a¢tlvitloS
a. Pollclos and objeGtiv8s
The objects of the Church are:
To advan￿ the Christian faith in accordance with the Statement in such ways and in suc* parts of the
United Sfjngdom or the world as the Church Council from time to time may think frt.,
To relleve sickness arsd financial hardship and lo promote and preserye good health by the provision of
fvnds. goods or Se￿ICeS of any kind including the provision of counselliw and support in such parts of
the United Kingdom or the wodd as trie Church Council from time lo lime think fit..
To advance education in such ways and in such parts of the United ifjngdom or the wodd as the Church
Council from time to time may think fil
In setting objectives and pLqnning for activibes. th8 Trustees have given due consideration to general guidance
published by the Charity Commission reLgting to public b8DefiL induding the guidance 'Public benofit= runrbing a
ch8Thty IPB2)'.
b. Vlsion & Values
Our Vision and Values are expressed as follows:
Mission-. B8ing good news
Engaged in local and global mission. being invofved in ¢ommunlty transformation, equipping all of
the church to live wth mtssional focus
Authentic Community.. B8ing home for all
Valuing everyone, b8ing a place where people are known and loved, being home for people from
many cullures and nationalities. erkcouraging and modelling openness
Transfomation.. Being shaped by J8SUS
Maturing disciples of Jesus, davaloping leaders of all ages and culturas, applying God's word in
pra¢li¢al ways leading to personal growth
Courageous.'Being boldly confident in Jesus
Living boldty in all things, encouraging and enabling peop18 to trust Jesus more
Holy Spirtt Empowered.. Being uttedy dependent on God
Pentecostal in practice. giving Spa￿ for spiritual gifts, ￿ntred on God's presence and with prayer
at the heart ot all we do.
Page 2

Thg Wells Church
Trust893' report {contlnuod)
For tho P8Tlod ended 31 December 2024
ObjgGtlvg5 and actI￿tIoS (Gontlnuedl
Sacrificial Serwce: 8eing generous at all times
Sorving people in our communities and around the world, being generous wth all God has given,
and continually thanlrful
. Strategy
To help us lake practical steps towards making our vision and values a reality. we follow three steps. inspired by
the actions of the very first followers of Jesus.
Gathering together lo encounter Gcm
Growing together in God
Going to live for Jesus every day
Achlevements and perfom)ance
a. Revlew of actIvltl8s
Objectives and achievements for the year:
We commenced 2024 with plans in to thanga our church name from Tunbridge Welts Christian Fellowshlp
to The Wells Church, and to change our charitable structure at the same time, launching The Wells Church as a
cio.
Church Councll
Securing our long temi property needs.
The Trustees have also implemented a bng term Maintenan￿ plan covering all of the church buildings,
and are monltoring our long tefft) need for new and expanded building premises
Translllon the church to a CIO model of charity incortJ)ratH)n.
We have been worklng wlth our solicitotE on this, and the church name change will be induded in
the transltlon to a CIO model. Approval for the new charity was given by the Charity Commission,
and we transferred to The Wells Church under the new CIO model in the autumn of 2024.
The transition lo a CIO model required signfficant wot* to work with our solicitors in preparing the
new CIO d￿￿mentation. opening new bank accounts, arranging transfers bebNeen charitable
trusts, and nolttyng all connected organisations.
Church
Church Name
Continuing our work from 2023 and working with the Leadership Team, earfy in 2024 consultations
wère hald ￿th individuals in the church aboLrt the change of church name and presentations made
lo ministry and group leader8 before being communicated lo the church as a whole.
From late Septernber 2024 the church became known as The Wells Church.
The support for this was overwhelmingty pOs￿"Ve.
Develop and equip people for ministry and mission
Through 2024 our Youth Ministy has been under new leadership, and we are seeing the fruit of this
in increased engagement our youth, and especially with our young adults.
We continue to work ts) support our ministy leadws. Lrfe Group leaders and all involved in ministy
WSthin the church.
Continue lo implement our expanded approach to personal, local and gbbal mission
In a very real sense, 811 Ibat we do is connected with mission.
We ran a short temi missions trip to Albania in 2024. This allowed for preparation in mission
beforehand and for f￿loW up those who went
We continue to serve our local eommunty thr(MJgh our Llttle Stars Parent and Toddler Group and
our Craft Group amongst other activities.
We launched a new missional CA￿MUnIty called Famity Table in 2024. meeting at our South Sit6.
and providing meals to members of the local community in a supporb.ve and nurturing environment.
These meetings take place monthly.
Page 3

The Wells Church
Trustees. report Icontlnued)
For the perlod ended 31 December 2024
Achlevoments and perfomiance (Gontlnued)
Our Mission Support Team continues to develop our Oversea5 Mission support Isoe below)
From mid-2024 onwards we have hosted an interdenominational gathering of like-minded Church leaders
from across the town, committed to mwion. prayer and mutual SUPFX)rt.
Attendance at our Sunday s8rviGes have grown through 2024. and we were ablo to baptise people in
2024 and six so far in 2025.
Our youth group and childr8n's group Radiant lfjds have also Increased their attendance through the year.
We have continued to run Little Stars, our Parent and T(￿dIer Group, during 2024, which is much
appreciated by the growing group of parents and children who access thls.
Additionally we continued our Craft Group. which has proved popular.
Other charitable acllvltles
Our Foodbank has continued to provide SUPFX)rt and help for thIY6e in the thurch as well as other needy
people, though there was less uptake of resources than wa5 antiupated. We are now working in
partnership with Crosslight. a local debt advice charity and provide food in support of people that they are
helping.
b. Leadership Teams
We have continued worlung ￿th the following structLtre throughout the year. and have grown into this model of
leadership.
Leadership Team.. This is our eldership team, responsible for the overall spirittjal leadership of the chur(*.
Duiing 2024 our team has continued with seven m8mber5, With one member taking a break from
the team.
Church Council.. This is our trusteeship. responsible for the govemance of the church.
lan Martin has continued to serve as the Chair of the Chur(* Council.
Duiing 2024 we have Gontir)ued with four members, appointing a frfth trustee in 2025
Prudence Maseko is our Treasurer.
. Overseas Mlsslon
We completed our support of an established church in India. SuppO￿ng church plant5ng in rural
mmunltles.
We continue to active￿ support and engage with regular gmng to our mission partners in Asia, Affica,
Albania. and locally via WIN {Wodd in Need}. Additional gtving is raised and givell through the year lo
other projects on an ad hoc basis.
Our Mission Support Tearn has met throughout the year to pray for the projects we support, and plan how
to further support, promote and progress our overseas mission work.
Our global mission team has continued to expand our investment in missions, with updaled18vels of
support en8bling us to support more organisalions who are in line with our vision and values, and enabling
more mission activity to tske place.
Additionally during 2024 we supported members of the congregation who were exploring a call lo serve
God overseas, and this will continue through 2025.
One couple spent much of 2024 serying wlh an established mission agency in Bolswana.
We also working clos8ly with one person ffom the church who has begun working overseas in partnership
with another established missions agency.
ready in 2025 we've supported one family to go to serve in Albania with 8 further mission agency.
In addition lo our organized activibes, members of TWCFrrwc Church continue lo be wo11 represented in
other local charities and activities.
Based on work done by our MST, we have b88n transferring 70A of our illCDme from general offerings
towards the work of Mission. in addition to the designated ftjnds which are given to Mission.
Page 4

The Wolls Church
Trustees. report Iconlinugd)
For tho period ended 31 DoG8mber 2024
Flnancial review
. Golng conGem
The Trustees have a reasonable expectation thal the charity has adequate rgsources to continue in operational
exlslence for the foreseeable future. For this reason. they continue to adopt th& going con¢em basis in preparing
the flnancial stalemenls. Further details regardlng the adoption of the going concern basis can be found in th8
accounting pdiclgs.
b. ReseNes policy
The Church Council considers the raserves position on a regular basis lo ensure surplus is available to maintain
the ministry. As a guide we seek to maintain a balance equivalent lo around 3 to 6 months, expenditure in a
general reserve. Additional reserves for building funds. or futrjre ministy investment may also be held. The
lovels of these reserves are reviewed regularty by our Church Council.
At the balance sheet date our general res6rves totaled £342.544. excluding legacy and property Stewardship
(building sinking) funds. This balance is higher than our reseryes policy. which will assist us with our fvture plans,
especially in relation to staffing, missions and meeting p[a￿s.
c. Revlew of flnan¢ial actlvlties
The statement of financial activities on page 9 shows total incoming ￿sOurceS for th8 period of £180,040 (prior
period.. £402,107). and total expenditure of £188.502 {prior period- £342.6121. Beforo transfers. general ￿ndS
have decreased by £8.480.
d. Fundlng sources
The vast majority of our funding comes from the congregation and from the associated grft aid reclaimed on this
giving. We are very grateful for the continued, faithfijl giving of the church congregation which &nab5es the work
of the Charity lo conlinue and to thrive. In tum the giving of the church, especially in ￿gard to our
missions giving. allows us to be generous wtth our supp(wt of extemal missions patkn8rs and partner
organisations.
. Safeguardlng
Tunbridge W8118 Christian Fellowship adopts and implements a safeguarding policy drawn up in ¢onlunetlon wlth
Thirty One.'Eight (formerly the Churches Chitd Protection Adwsory Service).
f. Rlsk
On an ongoing basis the Church Council rewews and maintains a risk regisl8r setting4)ut the risks.
mitigations and residual risks faced by the charity- The Church maintains a wide-range of policies to assist in the
fulfilment of ils responsibilities and management of its risks.
g. Worklng overs8as
We monitor and review our relationship with our missions partners to ensure the effeth'veness of our 8UPPOrt in
line with our charitable objects. We did not receive monies from overseas donors in 2024. Any funds sent to
missions partners are sent through the regulated banking system lo thosa wth whom we havo an ongoing
relationship, where reporting back to us as a thurch is provided. and where personal visits to meet our missions,
Partners are possible - either here in the UK or overseas.
Page 5

The Wells Church
Trustees. r8port Icontlnued)
For the perlod ended 31 December 2024
structure. governance and management
a. Constitutlon
The Wells Church is a registered charity, number 1054380, and is constituted under a charitable trust
deed dated 2 December 1993. During 2024 we changed our name lo The Wells Church and adopted a new CIO
constitution for The Wells Church, charity number 1208051.
b. Plethods of appolntrnent or electlon of Trustees
Under the CIO model for The Wells Church the management of the charity is the responsibility of the Chur¢h
Council, which Is made up of Trustees. one of whom is the Senior Paslor.
The day lo day running and leadlng of the church is delegated to the Senior Pastor, Leadership Team and
appointed staff.
. Organisational stru¢tur¢ and decisionwmaking pollcles
The Church Coun(31 is required to meet at least once a quarter. though In practice meets more often than this as
datormined by the needs of the church. The Church Council is ￿Spon￿ble for ensuring the govemance of the
church, induding ensuring that ￿1 legal, regulatory and finanNal requirements are adhered lo and that a suitable
governance structure is in place to manage the church.
The Wells Church is affiliated to the Assemblies of God in Great Britain, a ¢ompany Ilmited by guarantee {no.
28734151. and a registered charity (no. 1032245).
d. Govemance Pollcy
As a Church Counc51 we sought lo address areas of policy development to ensure good govomanc& across the
organisatlon. Durtng 2024 we introduced policies in several key areas. and reviewed and updated others.
Church Council
Prudence Masako is the church Treasurer, and report5 to the Church Council.
lan Martin is the Chair of the Church Council.
Page 6

The Wells Church
Tru5tee5' report (contlnued)
For the perlod ended 31 December 2024
Staternent of Tru5tees' responslblllties
The TTUSte8s (who are a150 the directors of the Charity for the purposes of company law) aro rosponsible for
preporing the Trustees, report and th& finanaal stalem@nts in accordance with applicabl8 Law and United
Kingdom Accounting Stsndards (United Kingdom Generally Acceplgd Accounting Practice).
Company law requires the Trustees to prepare finanaal statements for each financial psriod. Under company
law, the Tnjstees must not approve the financial statements unless they are satisfied that th8y give a true and
fair view of the stale of affairs of the Charity and of its incoming resources and application of r@SOLsrces, including
its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accoUn￿n9 policies and then apptythem consistendy,
obsorve the methods and princip￿5 ofthe Chartbes SORP IFRS 1021..
mak9 judgments and acc(￿nting estimates that are reasonable and prudent,.
slate wheth8r applicable UK Accounting Standards IFRS 1021 have been folknwed, subject to any material
departures disclosed and explained in Ihe }Inan￿81 statements-
prepare the financial slatemenls on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are resrh)nsible for keeping adequate accounting re(y)rds that are SLrfficienl lo show and explain
the Chartty's transactions and disclose ￿th reasonable accuracy at any time the financial position of the Charity
and enable them lo ensure that the finan&al statements comply wth the Companies Act 2006. They are also
responsible lor safeguarding the assets of the Chartty and hence for taknng reasonable steps for the pr8venlion
and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by.
S Mayho
Dale=
Page 7

The Wells Church
Independent examlner's report
For the period ended 31 Decernber 2024
Ind8pond8nt oxamlner'5 report to the Trustees of The Wells Church fthe Charity.
I report to the Gharity Trustees Dn my examlnauon of the accounts of the Charity for the perlod ended 31
December2024.
Responslbllltl85 and ba51s of report
As Ihg Trust8es of the you are responsible for the preparation of the accounts In accordan¢¢ wlth
the requir8ments of the Chartiie5 Act 2011 (Yie 2011 ACV).
I report in resp8Ct of my examination of the charTirfs accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have folk)wed the applical￿e Directions given by the Charity Commission under
section 145151(bl of the 2011 Act.
Independent examiner's statgmonl
I have completed my examination. I confirm that no matters have come to my attention in connection with
lh¢ examlnalion giving me cause to believe that in any Materi￿ respect:
occounting records were not kept in respect of the Charity as required by seetlon 386 of Ihe 2006 Act,. or
the accounts do not acwrd with those records," or
the accounts do not comply wth the applicable requirements conceming th8 fonn and content of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 oth8r than any requir8mont
that the accounts give a Inje and fairf wew which is not a matter considered as part of an ind8pend8nl
examination.
I have no concems and have come across no other matters in connection wth the examination lo which
attention should be érawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
7n
Dated= 28 October 2025
S M Rouse FCCA DChA
Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT12TU
Page 8

The Wells ChurGh
statement otflnanclal actlvltlos {Incorporating income and expenditure ac¢ount)
For the perfod ended 31 Decembgr 2024
Unrostricted
Restricted
Total
Total
funds
funds
funds
rbds
.P8rlod 8nded Petlod ended Period ended Period ended
31 Docember 31 December 31 December
29 April
2024
2024
2024
2024
Nole
Incomo frorn..
Donations and legacies
Charitable activtties
Investments
150,279
14,375
14.886
500
150,T19
14,375
14,886
342,336
42,398
17,373
Total Income
179.540
soo
180.040
402,107
Expenditure on:
Charitable activities
188.020
500
188.520
342,612
Total expendlture
188,020
soo
188,520
342,612
Net movement Sn funds
(8,4801
{8A80}
59,495
Reconclllatlon of funds:
T¢tal funds brought fO￿ard
Net movement in fullds
1.897.021
(8rt801
4174
1,901,195
{8A80)
1.841,700
59,495
Total funds cathed forward
1,888,$41
4.174
1.892,715
1,901,195
The Statement of flnancial activtties includes all galns and losses reccKJnlsed in the ￿riod.
The notes on pages 11 to 25 fomi part of these finanaal statements.
Page g

The Wells Church
Reglsterod number.
Balance Sheet
A5 at 31 December 2024
31
t>ecember
2024
29 April
2024
Fixed assets
Tanglble assets
Investment propety
11
12
1,306.934
227,000
1,323,862
227,000
1.533,934
1,550,862
Current assets
Debtors
Cash at bank and in hand
13
9.821
352.560
343,964
362.381
352,607
Current liabilltios
Creditors.. amounts falling due within one
year
14
(3.6001
{2,2741
Net current assets
358,781
350,333
Total assets less CUbTent liabilities
1.892,715
1,901,195
Totsl net ass8ts
1.892.715
1,901,195
Charlty fund8
Restricted funds
Unreslricled funds
15
15
4174
1.888,541
4,174
1,897,021
Total funds
1,892,715
1,901,195
The Charity was entiued to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the wmpany to obtsin an audit for the period in question in accordance with
sectlon 476 of Companies Act 21)06.
The Trustees acknowledge their responsibilibes for complying y￿th the requirements of the Act respect to
accounting T8cords and preparntion of financial statements.
The financial statements have been prepared in accordance wth the provisions applicable to entities subject to
the Small o)mpanies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on thelr beha￿ by..
S Mayho
Date..
Til,.1
The notes on page$ 11 to 25 fom part ofthese financial statements.
Page 10

The Wells Church
Notes to th¢ financlal statements
For the period ¢nded 31 December 2024
General inforniatlon
The Wells Church Is a chanty registered In England and Wales with charfly number 1054380. Its
principal office addres$19 Christian Centre. Hanover Road, Tunbridge WelL8, Kent TN11 EY.
Accounting poli¢ies
2.1 Basis of preparatlon of flnanclal slatements
Thefinancial stslemants have been prepared in accordanc&with the Charities SORP IFRS
102) - Accounting and Reporllng by Charitses: Slalemenl of Recommend8d Practice applicablfj 10
charities preparing thelr accounts in accordance wth the Financlal Reporting Standard
applicable in the UKand Republic of Ireland IFRS 1021 leffectiv8 1 January 20191, the
Financial Reporbng Standard appli¢able in the UK and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
The Chanty was formed as part of a change of sljucture from an unincorporalod charity lo a CIO.
The activities and beneficiaries etc of the prev7ou$ unincorporated Charity. Tunbridge Wells Christian
Fellowshlp. were transferred to the new CIO, The Wells Church, on 30th September 2024.
The charfty has applied merger accounting in the finanaal slaternents, as pemiitted under the Charfty
SORP. where a change In legal structure can be accounted for as a merger. As such. results of The
Wells Church are dlsclos8d for the 8 morrth period 30 Wil 2024 to 31 December 2024. The results
for the prior period are disclosed for the 16 month period 1 January 2023 10 29 April 2024.
The Wells Church meets the defintlion of a public benefft entity under FRS 102.
Assgls and liabiltties are initsalty re(x)gnised at hIS￿l¢al cost or transaction value unless
othe￿iS9 statsd in the re￿vant accounting policy.
The financlal statements have been prepared in Briush Stedlng and are rounded to th8 nearest
Pound.
2.2 Golng concern
The Trustees asséss whethertt)e use of going con¢2m is appioprial6 i.e. whether there are
any material uncertainties rdated to events or conditions that may cast significant doubt on the
ability ofthe Charityto Continue as a g(xng concem. The Trustees make this assessment in
respect of a period of al least one year from the date of authoris8tion for issue of the financial
statements and have concIL￿ed thal the Chanty has adequate resources to continue in operational
existence for the foreseeable future and there are no malerial uncértainties about the Charitys ability
to continue as a going concem. thus they continue lo adopt the going concern basis of
actx)unting in preparing the financial statements.
Page11

The Wells Church
Notes to the Ilnanclal stslements
For the perlod ended 31 Decembor 2024
Accounting policios (continugd)
2.3 Income
Atl income is r8cogni5ed once the Charity has enlitlement to the income, it is probable that the
income will be received and the arnount of income receivable can bo mgasured reliably.
The recognition of incom8 frorn legaaes is dependent on establishing entitlement. the probability of
receipt and th8 ability to estimate wtth sufficient accuracy the amount receivable. Evidence of
entitlement lo a ￿acY exists when the Charyty has sufflclent evidence that a gift has been Igft to
them (through knowledge of the existence of a valid will and the death of the benefaclorl and the
executor is satisfied that the property in question will not be requir8d to satlsfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that il wlll be recelved and the fair valua
of the amount receivable, which wll generalty be the expected cash amount to be distributed to the
Charity, can be reliabty measured.
Income tax recoverable in relation lo donations received under Grft Aid or deed8 of covenant 18
recognised at the time of the donation.
2.4 Expenditure
Expenditure is reeognised once there is a legal or constructivo obligation to transfer e￿n0[HIC benefit
to a third party. it is probabk that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably.
Expenditure on tharitable activities is Inc#Jrred on direcuy undertaking the activities which further the
Charitys objectives, as well as any assoaated support Ix)sts.
Grants payab￿ are charged in 1h8 perilxl when the offer Is made except in those cases where th8
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulff Iled. Grants offered subject to conditions which have rKJt been met at the perlod end are nol8d as
a commitment. bLrt not accNed as expenditure.
All expenditure is inclusive of irreLJMrabl8 VAT.
2.5 Interest rgGeivable
Interest on funds hekt on deposit is induded when receivable and the amount can be measured
reliably by the Charity., this is nomally upon notification of the interest paid or payable by the
Institution with whom the funds are depy)sited.
2.6 Tanglble flxed assets and depreclatioD
Tangible fixed assets costing £1.000 or more are capitalised and recognised when future economi¢
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are inTbalty recognised at cost After recognition, under the cost model, tangible
fixed assets are measured al cost bss accutnulated depreciat￿ and any accumulated impairment
losses. All costs incurred to br(ng a tsngibl8 fix8d asset into its intended wor￿ng condition should be
included in the measuremenl of cosL
Page 12

Th& W911s Church
Notes to the flnanclal ¥tstements
For the perlod ended 31 Dg¢ember 2024
Accounting pollGIg5 {Gontlnued)
2.6 Tanglble fixod assets and depreclatlon (contlnuedl
Depreryab'on is charged so as to allocate the cost of langlble fixed assets less their residual value
over their estimated usefvl INe5. on a redu￿ng balance basis.
Depreciation is provided on the followng bases:
Long-temi leasehold pmperty - 50 years or Ihe term of the lease on a straight
line basis
20% reducing balance
20% reducing balance
Plant and machinery
Fixtures and fittings
Freehold land is not depre¢iated as tt is nol consumed by use. The freehold manse building is
not éepreoated due lo the anticipated immaterial fall in long lemi valu6.
2.7 Debtors
Traée and other debtors are recognised at the settlement amount after any trade discount offer8d.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash al bank and in hand includes cash and short-term highw liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Uabilltles and provisions
Liabilltles are recognised when there is an obligation at the Balance sheet dale as a result of a past
ovent, It Is probable that a transfer of economic benefrt wll be required in settlement. 8r)d the amount
of the Settlement be esttmated reliabty.
2.10 FinanGlal Instruments
The Charty onty has financlal assets and financial liabrlities of a kind that qualify as basic financial
instruments. Basic financial instruments are initi.ally recognised al transaction value and subsequently
measured at their settlement value wrth the excepkn'on of bank bans which are subwuently
measured at amtsrttsed cosl using the effective interest method.
2.11 Penslons
The Charity operates a defined contribLrtion pension scheme and the pension charge r8presents the
amounts payable bylhe Charity to Ihe fund in respect of th8 peri¢xl.
Page 13

The Wells Church
Notes to the flnanclal statement5
For thg period onded 31 December 2024
A¢¢ountlng pollcle5 (continued)
2.12 Fund aGGountlng
Gengral ftjnds are unrestricted funds %thich are availabb for use at the disGrelion of the Trustees In
furtherance of the general objedves of the Charity and which havg not been designated for other
purposes.
Designated funds comprise unrestricted fvnds that have been set aside by the Trustees for particular
purpos8s. The aim and use of each designated fund is set OLrt in the notes to Ih8 financial
stal8m8nls.
Restrtcted funds are funds whith are to be used in accordance with specific restrictions imposed by
donots or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds aTe charged against the s￿riG lund. The aim and usg of @ach r&strict8d
fund is set out In the notes to the financial statements.
2.13 Merger accountlng
Merger atLounling principles are applied in accordan(* FRS102. Wlth merger accounting, the
carrylng values of the assets and liabilities of the parties lo the merger are not required to be adjusted
to fair value. atthough appropriate adjustments are made to acheive unifomty of accounting policies
where necessary.
On 29 September 2024. the activibes of Tunbridge Wells Christian Fellowship Iregistered charity
number 1054380) along I￿1h ￿1 their assets and babililies were merged with The Wells Church
(registered charity number 1208051).
The financial statements have been prepared using merger accounting, and apptylng the true and falr
override given that th8 merged enttty Is a charitable inCo￿orated organisalion. The combinatlon of
Tunbridge Wells Christian Felk)wship and The Wells Church has mel the merger accountiw criteria
under FRS102. When the charibes merged, their purposes wore concurrent and the purposes of the
merged reporting entity oncompass those of the combining charities, no significant change lo
classes of beneficiaries or th8 purpose of the beneffts provided.
The Tnjslees have considered the requir8ments of FRS102 and the SORP in making this decision.
and have theref(xe adopted merger accounting as the most appropriate form of disclosure so that the
financial slalements show a tnje and fair vi8w. Accordingty, as prescribed in the SORP. the
comparative financial statements show the aggregate results for tha combined chadties.
Page 14

Tho Wglls Church
Notes to the flnanclal $tatÈmerrts
For the perlod ended 31 De¢ember 2024
Income from donation$ and legacie5
Unrestricted Restrlcted
Totsl
funds
funds
fund$
Perlod
Period
Poriod
Total
ended
ended
ended
funds
31
31
31 Period ended
December Decernb&r DoGgmbor
29 April
2024
2024
2024
2024
Tithes and offerirys
Faith promise
Tax recoverable
Other gifts
150.279
150,279
500
263,047
24,618
30,312
24,359
500
150,279
500
150,779
342,336
Income from charltable actlvttles
Unrestrfctod
funds
Perlod
ended
31
December
2024
Total
funds
Period
Total
ended
funds
31 Period ended
Doc8mbar
29 April
2024
2024
Church retreats and events
Hall hire
1,070
13.305
1,070
13,305
17.465
24,933
14.375
14,375
42,398
Investmenl Income
Unrestrlcted
funds
Perlod
ended
31
December
2024
Total
tunds
Period
Total
ended
funds
31 Period ended
December
29 April
2024
2024
Rent receivable
Bank interest
7,200
7.686
7,200
7.686
14,025
3,348
14.886
14.886
17,373
Page 15

The Walls Church
Not95 to the financlal statements
Forthe period ended 31 December2024
Anatysl8 of grants
Total
funds
Period
Total
ended
funds
31 Perfod ended
D8Gamber
29 April
2024
2024
Grants
Perlod
ended
31
December
2024
Grants for UK and overseas mission
19.425
19.425
57,019
Analysis of expendlturg on Gharltable activltles
Summary by lund type
Unrestrlcted Restricted
funds
fund$
Period
Period
ended
ended
31
31
December December
2024
2024
Total
Period
ended
Total
31 Period ended
December
29 April
2024
2024
Staff costs- excludlng benefrts
Christiarb Centre- runnlng costs
Southem Site - running costs {including cost
of lease extension)
Manse- ￿nt and running costs
Church and office- running costs
Child￿￿.$ and youth ministri8S
Other ministries
Travel and expenses
Grants payable
Depreciation of tangible ffixed assets
Indepgndent examination fee
77,865
22.443
77,865
22.443
148,705
24,316
5.301
11,142
19.190
5.568
6.800
258
5,301
11,142
19,190
5,568
6,800
258
19,42S
16,928
3.600
15,667
19,966
14,636
3,073
35,342
4,512
57,019
17,102
2.274
18,925
16.928
3.600
500
188,020
500
188,520
342,612
Page 16

The Wells Church
Notes to the financlal statamants
For the period ended 31 December 2024
Independent examlnorfs remunfrratlon
Perlod
ended
31 Period ended
December
29 April
2024
2024
Fees payable lo the Charity's independent examiner for the independent
examination of Ihe Charivs annual accounts
3.600
2,274
staff costs
Period
ended
31 Peric&l ended
December
29 April
2024
2024
Wages and salaries
Social security costs
Contribution to defined ￿ntribu1'0n pension schemes
69,786
4.031
4.048
132,958
4,626
11.121
77,865
148,705
The average number of persons employed by the Charity during th8 petiod was as follows:
Perfod
ended
31 Period ended
December
29 April
2024
2024
No.
Charitable activities
No employee received remuneration amounting to more than £60.000 in either year.
The total employynent beneffts tsf the key management personnel were £34,892 including employerfs
national insLsrance contributions of £3,002 12023 £64,716 including employerfs national insurance
¢ontrtbLJtions of £5,586).
The charitys key management comprise the trusteeg named on page 1 which includes one Trustee who
also serves as a church leader.
Page 17

Th¢ Well$ Chur¢h
Notes to the flnanclal statements
For the perlod ended 31 DeGembèr 2024
10.
Trustees, remuneration and expens8s
During the period, one Truste8 has been paid remuneration or has recoived other benefits from an
employment with tho Charity- S. Mayho serves as a church 18ad8r and received the payThenls below for
sgrving in that capacity, not for serving as a Trustee. Thes8 payTn6nls are perynitted by the charitys
goveming document.
Tr8 value of TNstees' remuneration and other beneffts was as follows:
Period
ended
31 Period ended
December
29 April
2024
2024
S Mayho
Remuneration
Pension wntributions paid
Other benefits
27,815
2.414
1.190
52.611
4,737
2,253
During the peTiod ended 31 December 2024. no Trustee expenses have been in¢urred12024- £NIL).
11. Tangibl8 ffxed assets
Long48mi
leasehold
proporty
Freehold
pr¢)perty
Plant and Fixtures and
machlnery
fittings
Total
Cost or valuation
At 30 April 2024
541,152
957.815
33.856
23,877
1,556,700
At 31 DeceM1￿r 2024
541,152
957,815
33,856
23,877
1,556,700
Depreclatlon
At 30 April 2024
Charge for the period
178,575
16.234
33.624
20.639
648
232,838
16.928
At 31 DgC8mber 2024
194,809
33.670
21,287
249,766
Nat book value
At 31 December 2024
541.152
763.006
2.590
1.306,934
At29 April 2024
541.152
779,240
232
3,238
1,323,862
Page 18

The Wells Church
Notes to the flnanGlal statements
For the perlod ended 31 December 2024
12. Invgstrngnt property
Freehold
Investment
property
Valuatlon
At 30 April 2024
227,000
At 31 December 2024
227,000
The investment property included at the trustees, valu8Uon, which Is based on recent sales of similar
properties.
13. Debtors
31
December
2024 .
29 April
2024
Due wlthln one year
other debtors
9,821
8,643
14 Creditors: knounts falllng due wllhin one year
31
December
2024
29 April
2024
Accruals and deferred income
3.600
2,274
Page 19

The Wells Church
Notos to the flnanclal statements
For the period ended 31 December 2024
15. Statement of funds
ststement of funds - current perlod
Balance at
31
December
2024
Balance at
30 April
2024
Transfers
Inlout
Income Expendlture
Unrestrlcted funds
Dgslgnated fvnds
Propety fund
Building sinking fund
1.550,862
14,839
{19,7041 1,531,158
14,839
1,565,701
{19,704)
1,545,997
General funds
General Funds
331.320
179,540
1188,0201
19.704
342,544
Totsl Unr8strlcted funds
1,897,021
179,540
(188,020)
1.888.541
RestriGtsd funds
Faith promise- general mission
Missions training fund
4,174
(5001
{4,111)
4,111
4,111
4,174
(5001
4,174
Totsl of funds
1,901,195
180.040
(188.520>
1,B92,715
Nature and purpose of deslgnated funds
The designated property fund rgpr8S8nts the value of all property held by the charity less the outstandlng
mortgage.
The designated Building Sinking Fund was designated during the year, and is money designated for
building rofurbishments and repair.
Nature and purpose of rostri¢ted fvnds
The restricted Fatth Promise fund is for general mission WO￿ of the church, which includ8s sp8Ctfic
misslonaries alld mission work. It indudes funds received for the support of those nominated indNiduals
and mission trips.
The restricted Mission training fund is used to ￿nd training.
Page 20

The Wells Church
Notes to the financial statements
Forthe perfod ended 31 December 2024
15. Statement of funds (contlnued)
Statement of fund5 - prlor period
Balance at
30 January
2023
Transfers
Balance al
inlout 29 April 2024
In￿rne Expendilure
Unrestrfcted funds
Designatgd funds
Propety fund
Building sinknng fund
1.533.825
17,037
14,839
1,550,862
14,839
1,533,825
31.876
1.565,701
General funds
General Fund
303,227
365,630
{305,661 }
{31,876)
331.320
Total Unrestricted funds
1,837.052
365.630
{305.661 }
1.897,021
Restrfcted funds
Faith promise- gener￿ mission
36.477
(36.951 }
4,174
Total of fund8
1,841,700
402,107
{342,612)
1.901,195
Page 21

The Wells Church
Note5 to the flnanclal statements
For the period ended 310ocember 2024
16. Summary of funds
Summary of funds- current porfod
Balanc8 at
31
December
2024
Balance at
30 April
2024
Transfers
Inlout
Income Expenditure
Designated funds
General funds
Restricted funds
1,565.701
331,320
4,174
(19.704) 1.545.997
19,704
342,544
4,174
179,540
500
(188,020)
{500)
1,901.195
180.040
{188,520)
1.892,715
Summary of funds - prlor perlod
Balance at
30 January
2023
Transfers
Balance at
inlout 29 April 2024
Income Expenditure
Designated fijnds
General funds
Restrict8d funds
1,533,825
303,227
31,876
(31.876}
1,565,701
331.320
4,174
365,630
36.477
1305.661)
136.9511
1,841,700
402.107
1342.612)
1,901,195
17.
Analysis of net assats between funds
Analysls of net assets between fvnds- current perlod
Unrestrlctad Restrlcted
fvnds
funds
31
31
December Decembor
2024
2024
Total
funds
31
December
2024
Tangible fixed ass8ls
Investment propety
Current assets
Creditors due within one year
1.306.934
227,000
358.207
{3,6001
1,306,934
227.000
362,381
{3.6001
4.174
Total
1,888,541
4.174
1,892.715
Page 22

The Wells Church
Notss to the Ilnancial 5tatsmonts
For the perlod ended 31 DaGomber 2024
17. Analy51s of not assets between funds {contlnued)
Analysls of net assets betwgon funds - prior period
Unrestricled
funds
29 April
2024
Restricted
funds
29 April
2024
Total
funds
29 April
2024
Tangible fixed assets
Investment property
Current assets
Creditors due wtthin one year
1.323,862
227.000
348,433
12,2741
1,323,862
227,000
352,607
{2,2741
4,174
Total
1.897.021
4,174
1.901,195
18. Pension Gommitments
The charity utilises an extem81ty provided defined contribution pension schem?. Tho assets of the scheme
are held separately from those of the charity in an independenty administered fund. The pension cost
charge ropr8sents contribLrtions payable by the charity lo the fund and amounted to £8,252 (2023
£15,131). No contributions were payable to the fvnd al the ba￿nCe sheet date (2023 - £Nil}.
19. Related party transactlons
During the year. the charity r8celved donations totalllng £23,728 (2023 £40.799) frDm related parties
(which includes tnjstees, anyone closety connected wth them and key management personn811. Except
as disclosed in note 10. there have been no other transaclÉons with relaled parties during the year.
20.
Merger accountlng
On 2Slh September 2024, the acttviti8s of Tuftbridge Wells Christian Fellowship {registered charity
number 10543801 along with all their a&%ets and liabilrtles were merged wth The Wells Church {regislered
charity number 1208051 }.
The financial statements have been prepared using merger accounting. and apptying Ihe true and fair
override given that the merged enltty is a charitable incorporated organisalion. The combination of
Tunbridge Wells Christian Fallowship ITWCFI and The Wells Church has met the merger accounting
criteria under FRS102. When the chaTtiies. merged. their purposes were concurrent and the purposes of
the merged reporting entity encompass those of the combining charities, with no signfficant change to
classes of benefioaries or the purpose of thg beneffts provided.
The T￿Sle0S have considered the requirements of FRS102 and the SORP in making this decision, and
have therefore adopted merger accountlng as Ihe most appropriate fomi tsf disclosLtre so that the financial
statments show a true and fair view. Aecordingty. as prescrsbed in the SORP. Ihe comparative financial
stal8m8nls shi)w the aggregate results for the combined tharities.
Page 23

Thewells Church
Notes to the fin8nclal statements
For the perlod gnded 31 December2024
Analy51s of prlnclpal SOFA components for the current reporting period
Wells
Church
(post Comblned
merger)
total
TWCF (pre-
merger}
Total income
Total expendlture
108,050
(101,178)
71,990
180.040
187,3421 (188,5201
N8t Incomg1{8xp8ndltural
Other gainslllosses)
6.872
115,352)
{8,480)
Net movement in fund5
6,872
115,3521
{8,4801
Analysls of prlnclpal SOFA compononts for the prevlous reporting period
Comblned
total
Period
ended
29 April
2024
TWCF
Perlod
ended
29 Aprll
2024
Total income
Total expenditure
402.107
402,107
1342,612) (342,612)
Net incomel{expendltur&l
Other gainslllossesl
Total funds brought forward
59,495
59A95
1,841.700
1,841,700
Total funds carrled fO￿ard
1,901,195
1.901.195
As The Wells Church was a newty incorporated charity at the (late of the merger, tho income and
expenditure for The Wells Church was £Nil.
Page 24

The Wells Church
Notes to the flnanGial statements
For the perfod onded 31 December 2024
Analysis of net assets at the datg of merger
Comblned
TWCF
total
Asat
Asat
30
30
September September
2024
2024
Nel assets
1.908,067
1.908,067
1,908.067
1.908,067
Represented by.
Unrestricted funds
Reslricted fund8
1,903.893
4,174
1,903,893
4174
1,908,D67
1,908,067
Total funds
As The Wells Chur¢h was a newty incorporated charity. tts net assets and funds at the date ofthe merger
were £Nil.
Page 25