THE WELLS CHURCH
The advancement of the Christian religion and to be part of God's transforming work in our community. Such other charitable purposes as shall further the attainment of the above of the church.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased by £10,266 during the year, resulting in a net deficit on activities. However, the charity holds substantial unrestricted reserves of £1,878,275, which significantly exceed its stated reserves policy target of £75,000.
What the accounts disclose
“As a guide we seek to maintain a balance equivalent to around 4months' expenditure in a general reserve amounting to £75,000.” — page 8
“During the year, one Trustee has been paid remuneration or has received other benefits from an employment with the Charity. S. Mayho serves as a church leader and received the payments below for serving in that capacity, not for serving as a Trustee.” — page 21
“During the year, the charity received donations totalling £20,404 (2024 - £23,728) from related parties (which includes trustees, anyone closely connected with them and key management personnel). Except as disclosed in note 10, there have been no other transactions with related parties during the year.” — page 26
Property (HM Land Registry)
Trustees
- Matthew David Winterchair
- Bridget Hughes
- Dr Bodun Rabiu
- Ian St John Martin
- STUART GUY MAYHO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £280k | £290k |
| 31/12/2024 | £180k | £189k |
Common questions
Is THE WELLS CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased by £10,266 during the year, resulting in a net deficit on activities. However, the charity holds substantial unrestricted reserves of £1,878,275, which significantly exceed its stated reserves policy target of £75,000. Its FY2025 accounts were independently examined.