The Eastbury Church Northwood Trust Trustees. Report and Financial Statements For the year ended 31 December 2024 Registered number. 1082065
The Eastbury Church Northwood Trust Report of the Trustees The trustees present their report and the financial statements for the year ended 31 December 2024. Legal Structure The Eastbury Church Norlhwood Trust is a registered charity, number 1082065. It is govem8d by a declaration of trust dated 1 March 2000. This document Was darified by a supplemental deed dated 25 July 2000. Principal address The principal address of the Trust is 13 Eastbury Road. Northwood. Middlesex HA6 3AJ. Trustees The Trust is govemed by a Board of Trnst88s. The following are the presenl trustees who have served throughout the year under review. Kieran Glynn (Chair) John Bridges Brian Ladd It is the aim of the trustees to maintain a balance of appropriate skills and experience within the board of trustees. The composition of the board will be kept under review and any appropriale appointrnents will be made. Any new trustees will receive a suitable induclion as to the duties and responsibilities of a trustee (including a copy of CC3) and also to the governan and activities of the chartty. Objects The principal object of the Charity is the furth8rance of the Christian Religion. especlally within the Parish of Emmanuel Church Northwood and the area of Eastbury. Herttordshire. This has been done historically mainly through the provision of a property to house the minister of Eastbury Church. Public Benefrt The trustees recognise their responsibilities tovrards public benefit under the requirements of the Charities Act 2Q11. The Trust was established with objects that are for the publtc benefiL The Irustees recognis8 their responsibility for the continued monitoring of the public benefit of the Charit5 activities. How Peng Lim Andrew Myers Activities and Achievements During the year under review Ihe Trusl continued to be responsible for the day to day management of the property at 54 Rofant Road, Northwood. Review of transaGtions and financial position During the year total income of £30,881 (2023- £12,206) was reived. All of this was unrestricted. The Trust made a surplus of £24.661 during the year (2023 restated - £2,494 deficit). The total unrestricted fund was £547.780 (2023 restated - £523.119). Having regard to the above and the restricted repairs and improvements fund of £3.130 (2023 - £3.130). the trustees believe that the financial position of the Trust is satisfactory. Future plans As of 1 January 2023. the Eastbury Church Sunday service has ceased and a mid-week service introduced with very little interest. As a consequence the majority of the members have temporarily moved to other churches and the majority of giving to Eastbury Church Northwood Trust {ECNT) by ECNT donors has ceased. A thorough consultation was carried OLrt with original donors and individuals who were part of the Eastbury community at the time of the church's closure. The purpose was to seek their views on the trustees, proposal to sell the property at 54 Rofant RDad. Twelve original donors (or thelr families) were contacted. The responses indicated strong support for the propos81, particularly now that it is dear the Eastbury church will not be restarbng. it was now appropriat8 to sell the house and to distribute the assets to causes which would further Christian mission. Accordingly. 54 Rofant Road was listed for sale on 28 July 2025. Once the sale is completed, the irustees will begin the prcKess of allocating the funds to organisations that align with the Trust's objectives.
Reserves policy It is the trustees, policy to maintain enough r&qeNes to meet their obltgations relatiro to 54 Rofant Road and to ensure that there are sufficient reserves available at the right time in order to meet the cost of any future large expenses relating to thal property. particularty with regard to improvemenls. Major risks The trustees have identified and reviewed the major risks to which the Trust is exposed. They believe that the major risks telate to the pn)perty at 54 Rofant Road. This risk is reviewed regularly by the trustees. The trustees maintain apwwiate Yvsuran and also retain sufficient reserves to cover this and other potential risks. The trustees are satisfied that approrxiate systsms have been instslled to mibgate these risks. Trustees. responsibilities in respect of the financial statements The trustees are responsible for preparing the trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). The law applicable to charities in England & Wales requires the trustees to prepa financial statements for each financial year which give a true and frair view of the state of affairs in the charity and of the incoming resources and appliGation of resources of the chaiity for that period. In preparing these financial statements, the trustees arB required to: select 8Uttable accounting wcleS and then apply them consistently; observe the methods and prinaples in the Charities SORP. make judgements and estimates that are reasonable and pylnt." state whether applicable accounting stsrKlards have been followed. subje¢X to any rnaterial departures disdosed and explained in Ihe fi[wla1 statements: prepare the financial statements on the going concern basis unless it is inappropriats to presume that the chartty will Continue in operation. The trustees are responsible for keeping accounting records that discloge with reasonable accuracy at any time the financial posibon of the tharity and enable thn to ensure that the financial statements compty with the Charities Act 2011, the Charty (Accounts and Reports) Regulations 2008 and the trust deed. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection and detection of fraud and other irregularities. Dlsclosure The trustees of the charity. confimi. so far as they are aware. Ihst: there is no relevant information of which the charitys independent examiner is unaware; and that they have taken all Ihe steps that we ought to have taken as trustees in order to make themselves aware of any reknnt information and to establish that the chariws independent exarniner is aT4vare of that information. Advisers Bankers Barclays Bank plc Leicester LE87 2BB Approved by the trLU8tees and signed on their behalf. Kieran Glynn Chair of Trustees 25 September 2025
Independent Examinerfs Rèport to the Trustees of The Eastbury Church Northwood Trust I report on the accounts of the Trust for the year ended 31 December 2024 which are set out on pages 4 to 8. Respectlve responsibilities of trustees and examiner The Trust's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for thi5 year under section 144 of the Charities Act 2011 (the Charittes Act) 8nd that an independent examination Is needed. It is my responsibility to: - examine the accounts und8r section 145 of the Charities ACL. - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act: and - to stste whether particular matters have come to my attentK)n Basis of independent examinerfs report My examination was carried oul in accordance with the General Directions given by the Charity Commission. An examination indudes a review of the accounting records kepl by the Trust and comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosuras in the acunt5 and seeking explanations from you as trustees 03nmIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequendy no opinion is given as to whether the accounts present a 'true and fair view and Ihe report is limited to those rnatters set out in the statement below. Independent examinerfs statement In connection wilh my examination, no matter has come lo my atlention which gives me reasonable cause to believe that in any material respect accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examinatmjn to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. 91 H-a Davld Hadley 25 September 2025 37 Ellenbrook Lane Hatfield AL10 9RW
The Eastbury Church Northw¢)od TTUSt statement of Financlal AcllvltAes Year endad 31 December 2024 2024 2024 Restricted Unrestricted Funds Fund 2024 Total Funds 2023 (restated) Total Funds Notes Incoming Resources Activities in furtheranco of the charity's objects: Donations recetved Tax refund 1,730 1,730 Investsnent income Interesl on bank deposit Rental income 281 281 176 30.600 30.600 10,200 100 Other Income Total Incoming Resources Resour¢¢s Expended Charitsble expenditure Donations to Easlbury Church 30.881 30.881 12,206 (1,730) Rental expenditure Property expenses (6,220) (6,220) (5,470) Total Resources Expended (6,220) {6,220) (7,200) Net Incoming (outgoing> Resour¢es Prior Year Adjustment Fund Balances brought forward at 1 January 2024 Fund Balances wried forward at 31 December 2024 24,661 24.661 5,006 (7.500) £503.130 £17,989 523,119 525,613 £503.130 £42.650 £547,780 £523,119 All income and expenditure derive from continuFng activilies and there are no gains 8fKI losses other than those passing through the Statement of Financial Activities. The notes on pages 6 to 8 fomi part of these finartial statements
The Ea5tbury Church Northwood Trust Balance Sheet at 31 December 2024 2024 2023 (restated) Nots Tangible Fixed Asset Property at valuation 500.000 500,000 Current Assets Tax refund due Cash at bank - Deposit - Current 18.954 44,377 18.673 19,997 Net Current Assets 63.331 £563,331 38,670 £538.670 Net Assets Represented by: Funds for church in Easthury and Mission 15.551 15,551 Restricted Reserves 503.130 503,130 Unrestricted Reserves 44.650 19,g8g Totsl funds 547,780 523,119 £563.331 £538,670 Approved by the tNstees on 25 September 2025 and signed on their behalf by: lfjeran Gtynn Trustee The notes on pages 6 to 8 fomi part of these financial statements
The Eastbury Church Northwood Trust Notes to the Accounts Year ended 31 December 2024 1 Accounting policles Accounting ¢onvention The accounts are prepared on a going conrn basis under the historical cost convention. and, except for the treatrnent of the Trusfs property which is stated at valuation (as explained in note 3). comply with the Statement of Financial Reporting Standard (FRS 102) as it applies to charities under the applicable Statement of Recomrnended Practice {SORP). Donations received Donations are recognised in the accounts wfien received. Tax status The Trust is a registered charity and is not subject to corporation tax on its current activities. Tangible Fixed Assets Freehold land and buildings are shown at valualion. There are no olher fixed assets. 2 Donations recelved Total donations received during the year were £nil (2023- £1,730). Easlbury Church contributed £ nil (2023 - £nil) to insurance. rates and repairs. 3 Rental Income and Expenditure The Minister of the Church moved out of the property in August 2023. Subsequently, th8 property was let out in Septembei 2023. Expenses incurred on the property were: 2024 2023 Management fees Insurance 4.316 1.043 420 1.759 1.028 1,734 949 Repairs and maintenance Rates and power 441 6,220 5,470 4 Fixed Assets During 2000 the freehold property. 54 Rofant Road. Northwood, was purthased for £252,000. This properly VRS revalued at open market value with vacant possession at 6 November 2012 by Stephen M Comish, BSC, FRICS, FFPWS, with a value of£500,000. No up to date valuation has been carried oul due to the cost involved. However, the trustees do not believe that the property is currentty wotlh less than this ievaluation. 5 Funds for church in Eastbury and M15sion The amount due to Ea5tbury Church consists of gifts rnade by members of the congregation of that church, together with the associated Gift Aid. At the donors. request these are all passed directly to the church. The baknce at any time represents gifts received, but not yet paid over to the Churth. As of 1 January 2023. the Sunday Servi in Eastt)ury Fann school has ceased and a mi(k week seThfjce intrOdUd wwth very little interest. As a consequence the majority of the members have temporarily moved to other churches and the majority of giving to Ec by donors has ceased. The Trustees are taking time to review this and reftect on the wishes of the donors on how best lo use this balan.
The Eastbury Church Northwood Trust Notes to the Accounts (continued) Year ended 31 December 2024 At the end of the year the baEance is made up as follows 2024 2023 (restated) 15.551 Cash at bank Gift Aid due 15,551 £15.551 £15.551 Reserves Restricted Reserves Pastorfs Repairs and House Improvements Fund Fund 500.000 3.130 Unrestricted Reserves Total Reserves Balan 1 January 2022 Incoming resources Resources expended Prior Year Adjuslment (note 7) Balance 31 December 2023 Incoming resources Resources expended Balance 31 December 2024 22,483 12,206 (7.200) (7,500) 19,989 30.881 (6,220) 525.613 12.206 (7,200) (7.500) 523,119 30,881 (6,220) 500,000 3,130 £500.000 £3.130 £44.650 £547,780 The Pastorfs House Fund represents the property at 54 Rofant Road, ststed as explained in note 4. This house Yras purthased with gifts made, mainly by rnembers of Eastbury Church. in order to provide a home for the minister of Eastbury Church. The Repairs and Improvements Fund consist of a gift that was made to be used for major repairs and improvements to 54 Rofant Roa(J. At 31 December 2023. the whole of the unrestricted fund has been designated for the Maintenan and improvement of 54 Rofant Road. Repairs undertaken during the year are written off as incurred. The Funds and Unrestrtcted Reserve are represented by the Trust's assets as follows: Tangible Bank & Eastbury fixed Deposit Church & asset Account Mission Total Pastor's House Fund 500,000 3,130 44.650 Repairs and improvements Fund Unrestricted Reserve 3.130 60.201 (15.551) 500.000 63.331 (15.551) 547,780
The Eastbury Church Northwood Trust Notes to the Accounts (continued) Year ended 31 December 2024 Prior Year Adju51ment The trustees had specifically decided that the £7,500 setuement to Emmanuel would come from rentsl income and not donations from Eastbury church members. This was incorrectly shown in the 2023 accounts and hen the 2023 accounts have been reslaled to reflect this. Payments to trustees No remuneration or expenses were paid to any of the trustees.