The Eastbury Church Northwood Trust Trustees, Report and Financial Statements For the year ended 31 December 2021 Registered number. 1082065
Tho Eastbury Church Northwood Trust Report of tho Trustees The trustees present their report and the ffinancial statements for the year ended 31 Dernber 2021. Logal Structuro The Eastbury Church NorthvK)od Twsl is a registered charity, number 1082065. It is governed by a declarats'on of trust dated 1 March 2000. This document was darified by a supplemental deed dated 25 July 2000. Principal addro•s The principal address of the Trust Is 13 Eastbury Road. NorthM)od, Middlesex HA6 3AJ. Tru8tOOS The Trust is govemed by 8 Board of Truste8s. Trt follwng are the present trustees who have served throughout the year under review. Kieran Glynn (Chair) John Bridges Brian Ladd It is Ihe alm of trustees to maintain 8 b81ance of appropriate skn'lls and experlence within the board of Irustees. The composits'on of the boar(I will be kept under review and any appropriate appointments will be made. Any new trustees will receive a suitable induction as to the duties and responslbllltles of a twstee (including a copy of CC3) arKI also to the gov8man¢e and activities of the charity. ObjoCt8 The principal obleci of the Charlty is the furtherance of the Christian Rel10n, especlally wlthin the Parlsh of Emmanuel Church Northwood and the area of Eastbury. Hertfordshlre. This 55 done maln through the provision of a property io house the minister of Eastbury Chur(*. Publlc B•nefft The trustees recognise their responsibilities tuwards public benafit under the requirements of the Charities Act 2011. Th8 Trust was established with objects that are for the public benefit. The truste88 recognise their responsibility for the conlinued monitoring of the public benefit of the Charlty6 activities. How Peng Lim Andrvw Myers Actlvftlu and Achl•v•monts During the year under rewew the Trust conb'nued to be responsib for th8 day to day management af the prop8ty at 54 Rofant Road, Northwood. which is proNided for the occupation of tha minister of Eastbury Church. In addition, the Tru81 further supported the ministy of Eastbury Church by dlrecty passlng on to the Church donations that W8r8 made to the Trust by Church members and others. together with the 8S8ociated Gift d. Revlew ol transactlons and financlal po8ltlon During the year total income of £47.611 {2020 - £58.392) was recelv8d. All of this was unrestricted arKI will all be applied in the support of the mlntstry of Eastlxjry Church. The Trust made a deficit of £1,987 durlng the year (2020 - £14,265 surplus). The total unrestricted fund was £23,439 (2020- £23,306). The trust8es have deSnated this unrestrict8d fund for the upkeep and Improvement of 54 Rofanl Road. Halng regard to the above and the restricted repairs and improvements fund of £3,130 {2020 - £5,250), the trustees believe that the finanrial position of the Trust is satisfactory. Futuro plans It is tha trustees. intentlon to Vrk closely with the leadership of Eastbury ChurGh and in particular to continue to maintain 54 Rofant Road as a suitable house for the minister of Eastbury Church.
Resarves pollcy 11 Is th8 tnJslees' wlicy to maintain onough reseNes to meet Iheir oblwtsons relating to 54 Rofanl Road and to ensure that Ihore are suffKient reserves available at Ihe tight ts'me in order to meel the cost of any fvlure w expèroes rekting to Ihat Kyopety, pa01¢ wTr#) Fegard to imprc>v8ments. Major rlsks The trustees have identified and reviewwl the majcx rtsks lo whKh the Trust IS 8xpos8d. They believe that the major risks relate to the proFthy at 54 Rofant Road. This risk is reviewed regularly by the trustees. The trustees maintain appropriate insurance and also retain suffJci8nL reserves lo Ver this and olher potentsal risks. The trustees are satisfiéd that appmwiale systems love been instsllwj to mitigate these risks. Trustefjs. responsfollittes In respect of the IlnanGi41 statgmfjnts Th8 Trustee5 are responsible lor prepafing thè Trusl6es' Report and the financial slalom&nls in accordancé with applicabl8 law and Unttgd Klr¥Jdom Accounting Standants (Unitsd Gen8¥alty Acc8plod AGcountsng Praclscel. Th& law appllcable lo chantie8 in England & Walès tequires Ihe Truste89 10 prepaTe financial statements for ach finarrjal year which glve a tnje and fair view ol the slate of affairs in the charty and of the incoming rosOU85 and application of rosourcgs ol the chanty lor that n0d. In preparing those financial statements, thè Tntea$ are required lo.. select suitable aco)unbng policies and Ih8n apply them consistently., obseNe the melhods and pnftcie$ in the Charities SORP. mak• iudgements and ostimat88 Ihal ar¢ feasonable and pNdenl; whelher applicable accounbng stsndards have been fo[h8d. subi&l b any material doparturos disclos8d and 6xplained In the finanual statements." prepare thg financial sla18menls on the gsjng con¢em basis unlèss il 1$ inappropriale lo presume Ihal th8 thwity will ntinue in Operan. The TnJsl6es are 185wnsit48 for ko&ping wunting that disclose wrth r8ason3ble accuracy al any lime the finan¢ial llion of the charity and enable Ihem to ensure th81 tho financial stsl¢m8nl8 Comply with the ChariUes Act 2011, the Charlty lknounts and Reports) Rggulaliorss 2008 and the tru81 dewj. They ar8 a160 r8sponslblo for safeguarding th8 assets of the charity and hence for tsking reasonable steps IN the pr8ven11 and deteckn aThJ detscn of frawj aNI other irregulanb¢s. Dl$closufO The trust988 of the charity, conf¥m. so lar as aro aware, that.. there is no relevant inl(Kmation ol which the chan'lls independent examiner is unaware: and that they have takon all thg Sleps that we ought to have takon B8 vste£% in ordw lo make lheelveS awaie cl any fdevwl *nl(Ym8lK)n and lo eslablish Ihal the charity's Independent examinor is aware of Ihal informaljon. Advlsers Bankers Barclays Bank plc 54 High Slreot Ruislip Middlesex HA4 7AT D8vid Hadley 37 Ellenbrook Lane Haffield Hertf0Shlre AL10 9RW Independent examiner Appr¢)ved by the trustees and signed on their bahaw Ki8ran Cilynn Chair of Trustees 23 October 2022
Ind•pendenl Ex•MIn5 Roport to the of I rep ¢n tha acthfftts cl the Try 31 2021 tKh we sei tyjt tyi page54b7 audrt for this year thJ8f $Adic 144 01 Chits Act 11 (the Chanbès Adl and trot lThJeper¥J¥ is rw It Is ffty rosp0r11fjfy to. ur¥Jw 14515Xbl ol Ihv I•nIS Act aTrl My exammakn was led in d•D givep by tho Charity ComThYwiun. An exanmnation fèwd5 Kekrt by TW8131 a Lu81 or d16dLWJrnS tr1 aThJ seek¥i.J fr( As INstee5 atry maltern. W¥jertak not ail the that %wubJ be r•quied in an autL rs gNe" 8$ trj TrAtbèthtt acewnls or•wnl o IrL Ind•p•nd•nt 0x•m9 sgdK¥) lh8 Chaiih8s Act tPKt u>nyty the r?Jutrtyints tho fDrm and c111 ol XCots s•1 Chandes IPKcounts afyl Rwts) 2W8 othor tfi aty rwf9mor that th a 'trw f• r ¥iw nol a maller c•10r0d 8 parl vl ¥n Th1£pt exoryvaiwi I CQMD rn no ofvr malloTr iv cneCkn b) whKh 8fthJld be DIH.JL Day Hadkny 23 Oct 37 Ellvnbr(K* La HAlficld ALIO gRW
The Eastbury Church Northwood Trust Slatem•nt of Financial Actfvltl Year onded 31 December 2021 2021 2021 R•trlthd Unrn8trlct•d Fund• Fund 2021 Total Fund8 2020 Total Fund8 Notes Incoming Resources Activiti08 in furtheranca of the charitys obJKts: L)onations received Tax refund 39,570 8.039 39,570 8.039 35,173 6,428 47.609 47.609 41.601 Investment income Interest on bank deposlt Rental incA)me 14 16,777 Total Incomlng RMour¢o8 Resour8 Expondod Charitable expenditure Donations to Eastbury Church Rental 8xperKliture Property expenses 47,611 47.611 58,392 47.478 47,478 43,340 2.120 2,120 787 Total Re8ource• Exp•nd•d 2,120 47,478 49,598 44,127 Not Incomlng (out9olng) Ro8ourc•• Fund Balances brouglrt frxward at 1 January 2021 Fund Ba14nc•8 TrIed forward at 31 DK•mbor 2021 (2.120) 133 (1.987) 14,265 £505,250 £23,306 £528.556 514,291 £503,130 £23,439 £526.569 £528,566 All income and expenditure d8rive from continuing act1W aTrJ trre are no gains and losses other than those passing through the Statement of Flnancaal Activities. The notes on pages 6 armj 7 fomi part of these finanrAal statements
The Easllwry Church North*wd Trust Balance Sho01 at 31 December 2021 20 2020 Tanglble Flxed Asset Proporty al valuation 500,000 500,000 Current Assets Tax refund due Cash al bank 2,287 18,479 47,053 1.945 18.477 50,751 - Dèposit - Current Net Cuffont Assets 67.819 £567.819 71.173 £571,173 Net Assets Representèd by.. Amount due to Eastbury Church 41.250 42,617 Ro$trbclod Resorvgs 503,130 505,250 Unrostrlctod Reserv•$ 23,439 23,306 Total funds 526.569 528,556 £567,819 £571,173 Approved by the Iru8ts0s on T3 October 2022 and 8ign8d on their behall by Kieran Glynn Tru6toe The notes on pages 6 and 7 fomi part of Ihese finandal stst8monts
The Eastbury Church Northwood Tt Notos to the Accounts Year ended 31 Decombor 2021 1 Accountlng pollcles Accounting convention The accounts are prepared on a going concem basis under the historical (x)st I)nventIOn, and, èxc8Pt for the Irealment of the Trusvs property whith is stated at valuation (as explained in nole 3), comply wth the Statement of Financial Reporting Stsndard {FRS 102) as it applies to chariti8s und8r the applKable Ststement of Recommended Practice (SORP). Donatlon8 rocoivod Donations are recognised in the accounts when received. Tax status The Trusl is a registered charity and is not SUbjt to corporation tax on Its current activities. Tangible Flxed A•80ts Fr88hold land and buildings are 81Mxyn at valuats'on. There are no other ftxed assets. 2 Donatlon8 rocolved Eastbury Church contributed £965 {2020 - £935) to insurance and rates, whlch18 Included In the £39,570 (202 £35,173) total of donations received for the year. 3 Rentsl Income and Exp•nditur• Th8r8 were no rental income and expermliture, as It was occupled by the Mlnlster of the Church throughout the finaneAal year. During the year £2.120 was sp8nt on improving the property by replacirvJ the carpets wlth wooden fkjoring. Last year the rental income of £16,7771s net of management Charges arKI property expenses relating to the rentsl wa8 £787. 4 Flx•d A880ts Durfng 2000 the freehold property, 54 Rofant Road. Northw, was wrchased for £252.000. This property was revalued at open market walue with vacant possession al 6 November 2012 by Stephen M Comish. BSC. FRICS, FFPWS. with a value of £500,000. No up to date valuats'on has been carried out due to the cost involved. However, the trustees do not b8118ve that the wopety is JentlY worthless than th18 revaluation. 5 Amount du• to Eastbury Church Th8 amounl due to Eastbury Church <x)nsists of grfts made by members of the ConggatIOn of that church. together wth the 8rh8ociated Gift Aid. At the donors, request th8s8 a all passed directly to the church. The balance at any time represents gifts received. but nol yet paKJ over to the Church. At the end of the year the balance is made up as follows 2021 38,963 2,287 2020 40.672 1.945 Cash at bank Gift Aid due £41.250 £42.617
Tho Easthury Church Northwood Trust Notss to the Accounts Icontlnued) Year ended 31 Decembor 2021 Raserves Restricted Reserves Pastorfs Repalrs and House Improvements Fund Fund 5.250 Unrestricted Reserves Total Reserves Balance 1 January 2020 Incoming resourc8S Resour( expended Balance 31 December 2020 Incomlng resour(xs Resources expended 9.041 514,291 58.392 58.392 {44,127) (44.127) 23.306 528.558 47.611 47,611 {47.478) (49.598) £23.439 £526,569 5.250 (2,120) Balance 31 December 2021 £500.000 £3.130 The Pastorfs House Fund rewesents the property at 54 Rofant Road, 8tsted as explained in note 4. Thls house was purchased with gifts made, mainly by members of Eastbury Church, in order to provide a home for the minister of Eastbury Church. The Repairs and Improvements Fund consists of a grft thal w85 rnade to be used for major repairs and improvements to 54 Rofant Road. £2,120 of Improvements Incurred during the year were deducted against this restricted reserve. At 3108¢ember 2021. the whole of the unrestricted fund has been deslgnated for the maintenance and Impro¥Bment of 54 Rofant Road. Repairs undertaken during the year are vffitten off as incurred. The FurKI8 8nd Unrestrlcted Reserve are repre8ented by the Trust's 8&88ts a8 follows.. Tanglbl• Ilxod Bank Oth•r not Curr•nt Duo to Ea8tbury Church Pastorfs Housa Fund 500.0(X) 500,000 3.130 23.439 Repalrs and improvements Fund Unrestricted Reserve 3,130 62.402 2,287 (41,250) £500,000 £65,532 £2,287 £(41,250) £526.569 7 Payments to trustsos No remuneration or expenses were Pa to any of the trustees. During th8 year trustees made donations to the Trust as part of their Chrlstlan giNllng to Eastbury Church. These amounts. together with the associated Gift Aid. were passed directly to the Church.