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2026-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

CHARITY NUMBER: 1125029 COMPANY NUMBER: 06569993 REGISTERED NAME: WOODLANDS GROUP OF CHURCHES

WOODLANDS GROUP OF CHURCHES

YEAR ENDED 31 MARCH 2026

CONTENTS Pages
Trustees’ Annual Report 2 - 22
Report of the Independent Auditor 23 – 26
Statement of Financial Activities 27
Summary Income and Expenditure Account 28
Balance Sheet 29
Statement of Cash Flows 30
Notes to the financial statements 31 – 50

WOODLANDS GROUP OF CHURCHES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2026

INTRODUCTION

This is the Board of Trustees’ combined annual report for the year ended 31 March 2026 under the Companies Act 2006 and the Charities Act 2011 together with the audited financial statements for the year. The charity has followed the requirements of the Charities Statement of Recommended Practice (FRS 102 SORP 2019) in preparing these financial statements.

WHO WE ARE

Woodlands Church Family is a vibrant, growing, church-planting movement, with eight sites located across the city of Bristol.

Each site is distinct in its style, but shares the same vision and mission:

…to see Bristol transformed by the love and power of God as we create spirit-filled, visible communities of faith in neighbourhoods across the city.

Our values are to be welcoming to everyone, authentic in our faith, empowered by the Holy Spirit and expectant of all that God will do in us and through us.

Our eight sites are:

Woodlands Church Family has a Senior Leadership Team who work with the Trustee Board to lead the charity. Each of the sites has its own leadership team.

Woodlands Church Family is the working name of Woodlands Group of Churches, a registered charitable company limited by guarantee (charity number 1125029 and company number 06569993). These names, ‘the church’ and ‘the charity’ are used interchangeably throughout this report.

Woodlands Church Family has several linked churches around Bristol with whom it partners. Each of these associated and affiliated churches are independently governed charities.

The declared charitable purposes of Woodlands Church Family are:

“The proclamation and furtherance of the Gospel of God concerning his Son Jesus Christ our Lord and the preaching and teaching of the Christian Faith throughout the United Kingdom of Great Britain and Northern Ireland and elsewhere.”

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Trustees may decide for the worship of God, the instruction and edification of Christians, the care and instruction of young people and children, the evangelisation of non Christians, the relief of poverty and sickness and the advancement of the Christian Faith generally.”

WHAT WE DO

Our principal activities to achieve our charitable purposes for the public benefit are:

More detailed descriptions of the activities of the church, together with how these deliver public benefit and our achievements for the period, are set out below. The financial resources deployed towards each of these principal activities is set out in the Statement of Financial Activities on page 27.

OUR ACHIEVEMENTS AND PERFORMANCE

Woodlands Church Family is committed to enabling as many people as possible to participate and become part of the life of the church. As such, we operate no formal membership structure and all are welcome, whether ‘just visiting’ or wishing to get connected and involved. We say, ‘You join by joining in!’. In practice, the opportunities to attend services and take part in other activities in person are most accessible to those who live in Bristol and the surrounding region, though we have a large number of regular online participants for those services that are regularly streamed, and one interactive Zoom congregation which has a wider reach.

In addition, our prayerful and financial support of national and international institutions, individuals and projects which advance the Christian faith, means that the church does impact and bring benefit to sections of the public well beyond Bristol and the surrounding region.

In 2025/26 we continue to work out priorities highlighted by our strategic review in 2023 and are delighted by the progress and consolidation of our newer congregations.

A key phrase that helps us understand our structure is ‘both and’. We recognise the complexity of being a church that is both gathered and dispersed. We operate as a large entity with smaller expressions but we are grateful for the benefits and opportunities this affords. Our Senior Leadership Team (SLT)

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provides spiritual oversight and delivery of mission for the whole church family and team members meet monthly, with a smaller executive, helping structure priorities. This is one of our ‘glue’ factors but we have key touch points throughout the year, including our ‘Global Partners’ weekend, annual Week of Prayer and our annual Thanksgiving evening which is a great place to share good news stories and remind ourselves of our vision. We give financially to partner charities across the city and towards our global partners’ ministries.

Our combined staff from all sites meet together monthly on a Monday morning for support, fellowship and training. Our Church plants leaders at Hillside, Southside, Metro and East Bristol form a cohort meeting together monthly as a learning community.

In addition, this year we have strengthened the identity of our Central 6.30 evening service by emphasising its role as a weekly resource for the whole of WCF as well as its own dedicated congregants.

Other resources include the Woodlands Academy for training across the congregations, a youth director to co-ordinate all of our youth work, and HR, finance and operations staff to do some of the ‘heavy lifting’ that allows ‘maintenance light’ church planting for new leaders.

As we look back on 2025/26, the following are examples of our key ministry activities throughout the year as we sought to put faith into practice in a variety of ways:

Global Partnerships

One of our strategic aims is ‘to bless the nations of the world, especially the poorest and persecuted and to care for the planet’.

Woodlands Church Family (WCF) actively supports several individuals and charities who we refer to as Global Partners.

Currently, there are 36 active global partners working in 16 countries across the world, including 5 based in the UK, focused on international work.

Financial support : We made grants totalling £227,126 (2024/25: £236,696) to a significant number of individuals/families and institutions. Further details can be found in note 7 of the accounts;

Our partnership with Hands at Work in Africa, shared with the George Muller Charitable Trust, has continued to deepen, with grants in total given of £29,588 (2024/25: £45,559).

Short-term mission support : We believe that long-term calling to mission often starts with a short-term trip. In 2025/26, our short-term fund financially supported:

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Planned:

We also worked closely with a partner organisation (Bread and Life International) to form a team and prayerfully support a medical/surgical relief trip to Cambodia. Six medical and community development skilled volunteers from WCF joined a larger team of surgeons and physicians there (November 2025)

These trips are all offered the opportunity to fund raise and advocate, via bake sales at our Sunday services, all of which have seen a hugely generous spirit of giving and interest from our congregations. (average giving per trip usually exceeds £700)

Short-termers are asked to feed back to the church and undergo a de-brief from the Leadership team and/or the Global partner lead.

Pastoral support : We regularly contacted our global partners for personal and ministry updates, via their local ‘champions’, and directly. The use of the Signal App for secure conversations has been effective in facilitating openness with our partners in restricted access countries.

As part of ongoing pastoral and advocacy work, our global partners’ lead (Johnny Walker) was partfunded to visit 2 more locations (Ethiopia and Kenya - May 2026), to support global partners and NGO workers there:

Sustained prayer: This continues to be the bedrock of global partnerships work, with monthly prayer meetings which draw 20-30 attending in a hybrid format (face-to-face and virtual), where two global partners ‘Zoom’ into the meeting each month to share their needs. There is also regular international focus in weekly Sunday gatherings, on monthly offering Sundays and in the prayer rooms during our 24/7 prayer weeks.

Accountability: We continued our ‘Life Ministry Reviews’, with our 31 overseas-based global partners submitting formal annual reviews in March to church leadership, highlighting areas of success, growth life changes, as well as ongoing concerns and need. This continues to be a very helpful exercise in supporting their ongoing pastoral and financial needs and assessing the effectiveness of their work.

Global partners’ accommodation in Bristol: The Henleaze two-bedroom missions flat (formerly owned by the Lloyd Johnstone (Bristol) Trust), continues to be a very well used and appreciated resource. A management committee of three people manages bookings and maintenance of the

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property. It is dedicated to the sole use of returning mission partners linked with Woodlands Church Family and other churches, as well as small short-term overseas teams serving Bristol (university, school and church outreaches), and is free at the point of use. The property is fully booked until June 2027 by returning partners.

Annual Global Partners weekend : This continues to be a fixed calendar event in June each year. It serves as a time of refreshing for returning global partners and an opportunity for the congregations to focus on giving, praying and going to those who are yet to hear the gospel. In 2026/27, 13 global partners will be travelling to Bristol to attend the weekend (12-14 June) and have been offered out to speak and share at all our 8 congregations.

City and Community Outreach

Woodlands Church Family is committed to social action and evangelism in the Bristol region through our own activities and in partnership with many local agencies. Much of this work is with the most marginalised members of our local communities. We aim to support them through practical expressions of God’s love, as well as offering them the opportunity to get involved in church life and encounter Jesus.

Examples of this during the year were:

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• In Southmead the Community Church continues to serve the community through its youth club, wellbeing cafe, mother and toddler group and the annual Single Parents Fair. At this year’s fair, together with volunteers from across the Woodlands Church Family, we saw over 100 families blessed with free donated second-hand clothes, books and toys, as well as family portraits, professional haircuts, refreshments, and cookery lessons. The recent gift of the Kingsholm Church building in Southmead will further enhance our work in the Southmead community and provide a springboard for new activities.

City and Community Outreach Charitable Loans

Over the years, Woodlands Church Family has employed a strategy to see thriving churches in local communities by providing short-term secured loans to enable key workers and volunteers to be able to purchase a house in those communities. It has been our experience that having people living in the heart of communities, getting involved in community life and resourcing local outreach makes a significant difference in fruitfulness and growth. These loans have typically been 3-5 years in duration and, once repaid, were being recycled to enable further loans to be made. These loans are classified as programme-related investments in these financial statements because their purpose is not to generate a commercial financial return but to enable people to enhance ministry by living and serving Christ in the community to which they are called.

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In 2022/23, in light of the emerging cost-of-living crisis and escalating inflation and interest rates, the Trustees decided to close the scheme to new applications, given the challenges of assessing applicant loan affordability in an uncertain economic environment. Once existing loans have been repaid, alternative uses for the funds will be determined on a case-by-case basis, in order to further the purposes of the charity. The Trustees are thankful for the charitable benefit and fruitfulness that this strategy has yielded over the years, but recognise that the specialised skills required, the inherent risks, and the opportunity costs associated with its continuation render it no longer appropriate to pursue.

The current carrying value of loans outstanding is shown as a designated fund in these financial statements. There were seven such loans outstanding at the year end (2025: eight), with none disbursed and one repaid in the year. The value of the outstanding loans was £1,693,040 (2024/25: £1,951,040).

Gathered Church

Woodlands Church Family continues to gather on Sundays at the large central location of Woodlands Church in Clifton, which runs four regular services on Sundays, and in seven other neighbourhood sites in Bristol and now into North Somerset. Our model is based on an understanding that church can exist in the modes of Cell (the small group, or ‘church in the home’), Congregation (‘church in a neighbourhood’) and Celebration (‘church in the city’). Our Woodlands Central 6:30pm service provides that gathered Celebration context. It is also the home for our student and young adult cohorts. A typical Sunday will see a thousand people through the doors at Woodlands Central.

The visibility of large church feeds into the prominence and success of our events, including our termly Alpha courses and our Wholeness courses, which hundreds of people will attend over a year. At our 3[rd] Sunday evening services, a number of churches associated with Woodlands from around the region are specially invited to join us when the service includes a ‘Bible School’ option during the sermon, hosted by the Woodlands Academy.

It was wonderful to celebrate Christmas and Easter services this year and to see large numbers attending our suite of services, as well as participating online. Our portfolio of Christmas services included Contemporary Carols, Carols by Candlelight, ‘Folky Christmas’ and a midnight service. Our Easter events included family Good Friday services and events as well as a beautiful reflective service, and Easter Sunday saw full buildings with baptisms to celebrate.

On a typical Sunday there will be twelve public worship services conducted over all the sites where Woodlands Church Family congregations are based.

Woodlands Church Family congregations are very easy to find through on-line search engines. We have just completed a new website with a landing page for the whole Church Family as part

of our re-brand exercise and our online services attract hundreds of watches each Sunday. Indeed, we have discovered that many people who are looking for a church explore online services first, before making in-person connection. We continued to be encouraged by the attendance of new people at our

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gatherings each Sunday and indeed sense a genuine spiritual hunger and curiosity growing in society at the moment, especially among young people.

Around the congregations

Our newest site, Woodlands East in Easton, attracts well over 100 congregants and we are accelerating our steps towards the purchase of the building from the Trust that owns it. It is about to become the home of East Bristol Foodbank and has recently run its own Alpha course.

Highgrove Church in Sea Mills continues with two morning services on Sundays and a range of programmes through the week, including youth work, Little Acorns parent and toddler group and Soul Space, an outreach particularly to women in the community.

The Community Church in Southmead has

strengthened the inclusion of Hong Kong Cantonesespeaking migrants, and their presence has helped foster an increasing ethnic diversity. The Community Church has recently been gifted a building close to the rented facility in Southmead where the Church meets on Sundays which will provide an ideal base for mid-week activities.

Woodlands Church Family has recently completed the purchase of Emmanuel Chapel on the large estate of Henbury as the home of Branch Community Church .

The church is full on Sundays for worship, and it too has grown in ethnic diversity, reflecting changes in the estate itself.

Woodlands Metro has attracted significant numbers of new people in 2025/26 and 84 young adults attended their weekend away in March 2026. The congregation has a young adult demographic and members enjoy serving the city in voluntary projects such as the Churches’ Winter Night Shelter.

Woodlands Southside has had a year of transition. Having run a successful community cafe in the Brislington United Reformed Church building, a growing sense of affection and missional purpose from

the congregation there led to monthly united services. From Easter, Southside has transitioned from an afternoon service based in Bedminster to a united service in Brislington URC on Sunday mornings and the younger Southside group have been a real encouragement to the small elderly URC congregation.

Hillside Church meets in North Somerset in the Backwell 6[th] Form Centre. It has successfully moved to a weekly meeting and as such has attracted more visitors, especially with its informal cafe style Church and children and youth provision including ‘football church.

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Children and Youth Ministry

Children

The WCF Children and Families Ministry aims to disciple children and families to be connected with Jesus and one another. We design our activities to build children’s confidence in their knowledge of who God is and their identity in Christ. And we want to equip parents as they disciple their children and to equip children to pray, read the bible and experience the work of the Holy Spirit in their lives. We want to see children own their own faith in Jesus, to obey Him and to be empowered ministers to the world around them.

Our Children and Families ministry continues to be a key part of our discipleship and outreach programmes. Under 18s make up almost 20% of the church family.

In September we appointed a co-ordinator for a fixed term to help increase connection and collaboration with children’s ministry leads across the Woodlands Church Family. This has led to a shared code of conduct, consolidation of curriculum subscriptions, and alignment of our safe recruitment processes for volunteers. In addition, the children’s ministers worked together to create shared resources for Advent, Prayer Week and Easter, which have been used across all of our sites.

We run parent and toddler groups in a number of our buildings, to provide support in the early years of family life. These groups provide connection and community for many. We also have volunteers who visit a number of schools across the city to provide assemblies, reading support and mentoring.

Youth

It has been a delight to see not only numbers of young people increase across each site but also the ‘spiritual temperature’ rising across our gatherings. Young people have stepped up to help lead or start CUs across the city, co-lead a young-person organised city-wide youth event, lead small groups and start preaching.

On top of our regular programme of youth provision, we can celebrate the following:

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Student Ministry

University students are at a pivotal time in their life, deciding how they want to live and exploring who they are as individuals. Woodies’ Student ministry has a key part to play in spreading the Good News of Jesus and the Kingdom of God to this largely unchurched, post-Christian generation coming to Bristol. This past year we have celebrated ten baptisms; expanded the breadth of our discipleship through multiplication of small groups; given away 2,500 hot dogs during

Freshers’ Week, while connecting personally with hundreds of students, and reached out to many students and faculty through our Coffees on Campus ministry.

Our weekend away in the autumn had 70 students come along and was a formational time for many of them. It’s been particularly encouraging to work and connect with many student workers and pastors in the city and beyond at regular prayer times with staff from Fusion and UCCF. Woodlands Central

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continues to have a strategic place in God’s work of drawing students to Himself, with a national reputation for mission and evangelism.

Discipleship, Teaching and Leadership Development

We are committed to raising up a new generation of leaders to impact the city, the region and the world with the Good News about Jesus. A key part of this is discipleship. This involves learning to imitate and obey Jesus Christ in every aspect of our lives.

The Woodlands Church Academy has entered its second year. It has five schools linked to deliver training for all (Bible School, Leadership and Ministry School, Church Planting and Evangelism School, School of the Spirit and Worship School).

Several training courses have been run over the past year including training for mid-week church leaders, training for Hillside as it launched weekly services, worship musician workshops, preaching training, a service hosting workshop and Holy Spirit ministry training.

We have been working to see the Woodlands Church Family be a “safe place” for everyone. Our leaders were informed of the ‘Unhelpful, Unhealthy, Toxic, Abusive’ scale on interactions and how to respond appropriately to every reported incident.

We relaunched the Discipleship Year for those wanting to take a gap year and serve and train within Woodlands Church Family. Six people engaged in the Discipleship Intensive (Sept-Dec) and the Discipleship Year team.

The Bristol Westminster Theological Centre (‘WTC’) Hub has continued this year meeting in Woodlands Central and their two residentials were held at Nottingham University. There have been 28 students in this year’s hub. We serve other churches across the area. Mark Reid has taken on the role of Hub Director.

Woodlands Bible School has run each 3[rd] Sunday, and it has been good to have visiting speakers who have brought some great insights. There have been opportunities for young leaders to speak and bring

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their passion and enthusiasm for Scripture to the group. We have expanded the Bible School by running three, month-long weekday evening sessions each year.

This year’s cohort of 14 leaders on the Leadership Learning Community have brought a lot to the discussions and have made the most of the learning opportunity. As in each year, this has been greatly appreciated.

Pastoral Care

Woodlands Church Family congregations have mid-week small groups as key elements of what it means to belong, grow as a disciple of Jesus and find contexts for serving the church. We hope that people who find faith and find their way to our church will be invited to be involved in loving and caring smaller communities. We see small groups as the first line of pastoral care and initial development of gifts and the primary place to get to know others and to be known. Many pastoral issues are picked up and managed in these small group settings.

Our second line of pastoral care includes the following:

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  1. Overcoming disappointment. 2. Overcoming Rejection. 3. Overcoming anxiety.

  2. Prayer Training: Alongside our Wholeness Courses we run regular training courses in prayer ministry to equip both the Wholeness Team and the wider church in the practices and protocols of safe, practical and theologically sound ministry to all. We have reviewed our practices this year as part of the whole church Safeguarding Review. Our courses are utilised as a resource by churches across Bristol, and we have trained prayer teams in several churches around the city.

  3. WholeMinds, our mental health and well-being website continues to be accessed regularly. The website has articles, stories and creative content designed to support and encourage good mental health and spiritual growth. This is an online space with a collection of articles and stories that encourage people across Woodlands Church Family in their mental, emotional and spiritual health journeys. It is also accessible to people from outside the church seeking spiritual solutions to mental health pressures.

  4. Following our decision to talk more openly about mental health in church life, we have a mental /emotional health sermon series across the church congregations once a year and this year our Spring sermon series was entitled Renovation of the Heart.

  5. We continue to train the WCF teams in Mental Health First Aid training. Led by Clare Thompson and Ros Stower, who worked for 30 years in the mental health services prior to retiring, the evening covers tools for understanding and supporting good mental health, an overview of types of mental health condition and responding to mental health crises and suicidal thoughts.

  6. The Community Church continued to run a Wellbeing Café to provide a safe, welcoming space for those struggling with poor mental health. Every week there is an opportunity to explore how prayer and faith can help us in our wellbeing journeys.

  7. My Wellbeing Journey is a course developed as a Wholeness ‘taster’ course. The course has been warmly received and has been run as a one-to-one prayer course and in groups. Community Church has been running informal Wholeness evenings and is developing this area of church life with Anna Anderson who is part of the Wholeness team taking a lead as part of her trainee pastor role.

The contribution of volunteers

Most of what happens in the congregations is driven by volunteers, whether that is worship, youth and children's work, practical jobs or roles requiring specialised skills. It is not possible to quantify the contribution of volunteers to Woodlands Church Family except to say that we would not be able to carry out many of our activities without them. The church seeks to provide as many opportunities as possible for volunteers to grow in their gifts and abilities and has hundreds of people

volunteering in at least one role within church. The way in which volunteers have continued to serve faithfully and creatively throughout the last few years is something for which we are so thankful to God.

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OUR FINANCES

The finances of Woodlands Church Family are stewarded and administered by the Finance Committee, ably supported by an excellent finance team of staff and volunteers, on behalf of the Trustee Board and Senior Leadership Team. The leadership teams of the more established Woodlands Church Family sites operate with their own budget, which is based on core giving from those committed to that site, local spending priorities and contributions to shared costs across the charity.

In 2025/26, total income and endowments received was £2,319,581 compared to £2,727,385 in the prior year. The decrease is driven primarily by the donation of assets and liabilities from the Lloyd Johnstone (Bristol) Trust at the start of the previous year of £644,495, offset by the donation of a property valued at £250,000 in the current year.

Offerings, donations and legacies receivable in the Free Reserves fund remained static at £1,253,345 (2024/25: £1,253,828), aided by a significant unexpected legacy gift of £35,387. The fall in regular giving is not a surprise in the face of a continued difficult economic environment, but the Trustees and Senior Leadership Team are monitoring this closely and prioritised a vision, financial giving and stewardship focus across each of our sites during March 2026.

Income from charitable activities increased from £259,782 in the prior year to £264,648, with increased rental income and an increase in the number of events and weekends away.

Investment income fell to £228,187 (2024/25: £248,365), with falling interest rates on cash deposits and the repayment of a charitable loan driving this change.

Total expenditure was £1,918,934 (2024/25: £1,747,421); a rise of 9.8%, driven principally by changes in National Insurance rates introduced in the Budget, a general increase in activity levels and inflationary pressures. A total of £298,201 (2024/25: £324,163) was spent on grants for mission and blessing the poor and persecuted both in the UK and overseas.

Our Financial Reserves

Free reserves available for use by Woodlands Church Family are deemed to be those that are readily realisable, less funds whose uses are restricted or else designated for particular purposes. The calculation thus excludes £4,159,301 representing tangible fixed assets that will continue to be used in the day-to-day running, endowed investments of £313,148 and restricted funds of £230,794. The calculation also excludes the carrying value of charitable loans held as programme related investments of £1,693,040, which are not readily realisable assets and are held in designated funds. It also excludes other designated funds of £4,361,046, including the Capacity Development Fund of £1,512,941, which exists to enable the development of the charity’s properties, and to meet any unexpected, exceptional asset repairs and replacements.

The purpose, balances and movements of each designated fund are explained clearly within note 18 of the accounts.

Each year the Trustees review the level of free reserves and the appropriateness of the free reserves policy. The Board considers our exposure to major risks in terms of their likely impact on its income sources and planned expenditure in the medium term. They also consider the opportunities available to them for expansion and growth in the facilities and activities of Woodlands Church Family.

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The target range for free reserves reflects the uncertain economic environment and the higher commitments relating to permanent employed staff and the related cost of living pressures.

The target range for free reserves is £757,974 to £1,136,960, equal to between 6 and 9 months of reported expenditure in the Free Reserves fund. At the year end, the actual free reserves, as clearly shown within the financial statements, were £941,067 (2024/25: £726,427), which is equivalent to 7.4 months of reported expenditure in the Free Reserves Fund. This is within the target range.

Financial Impact of Significant Events

The Trustees are conscious of the challenging economic and social conditions brought about by the continued global uncertainties caused by geopolitical events in Europe and the Middle East. As well as seeking to use the charity’s resources to meet some of these needs, the Trustees are thankful to God that we have not seen a significant drop in giving income or a sustained drop in other sources of income in recent years. The Trustees will be budgeting carefully for the coming financial year given these factors but are satisfied that the level of reserves held by the charity will enable the continuation of the charity’s activities into the future.

The Trustees confirm their assessment that the charity is a going concern as at the date of the signing of the accounts, despite the ongoing global uncertainty.

Our Investment powers and policy

The Memorandum and Articles of Association allow the Trustees to invest in any stocks, funds, shares, securities or other investments of whatsoever nature as the Trustees shall, in their absolute discretion, think fit.

The Trustees have an Investment Policy covering the charity’s Financial, Programme Related and Mixed Purpose Investments. In particular, the Trustees have sought to ensure that the time horizon of the likely use of all funds is matched well to the investment vehicle used.

In the case of Financial Investments, the charity

seeks to produce the best financial return within an acceptable level of risk and has sought to articulate its responsible investments approach within its investment policy, taking into account the social, ethical and environmental impact of investments. The Trustees have joined other faith charities in signing a pledge not to invest in fossil fuels.

The investment objective for funds needed in the medium to long term is to generate a return in excess of inflation over the long term whilst generating an income to support the ongoing activities of the charity. For funds needed in the short term, the investment objective is to preserve the capital value with a minimum level of risk. Assets should be readily available to meet unanticipated cash flow requirements.

Our approach grant-making

The charity has a grant making policy and makes grants to individuals and organisations engaged in mission and ministry and primarily with whom we have developed long term partnerships. Most of these partners are members of the church family serving on short-term, medium-term or long-term mission

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trips. With the exception of members of the church family going on short term mission, there is not a formal application process for grant funds. Missionary financial support is instead just a part of a wider range of on-going communication and prayer support for the work.

The charity also makes grants from the Needy Saints Fund to individuals in the church facing financial hardship as a result of redundancy, loss, relationship breakdown or low income.

Our approach to charging for events and activities

Woodlands Church Family is committed to making its activities accessible to as wide a range of people as possible and so seeks to minimise the cost of events and, where a charge is levied, subsidies are offered by congregational leadership teams where appropriate to ensure that money is not a barrier to people participating in activities. Church services are entirely free with no obligation to pay or give and the church offers many activities, courses and services without charge.

Our approach to fundraising

Whilst the primary source of income for the charity is voluntary donations, the church does not regularly engage in significant fundraising beyond those who consider themselves part of the church. Most of the giving is from committed attenders who express their ‘belonging’ and commitment to the congregations through regular and one-off giving to share in the ministry costs of church life. The church prayerfully teaches about the biblical principles of financial stewardship and generosity in the context of discipleship. From time to time, the leaders encourage giving towards particular global or local partners or mission projects and, very occasionally, hold offerings for special projects such as building developments. The Trustees regularly review the charity’s practices to ensure that any fundraising is carried out appropriately and in line with the Fundraising Code.

Each congregation has monthly Sunday service offerings to support global and local mission. All gifts collected, including any attributable Gift Aid and Gift Aid on Small Donations relief, is used to support our global and local mission partners without deduction. In addition, at the discretion of the local congregation leadership teams, a percentage of up to 50% is sometimes added from free reserves to such offerings.

OUR FUTURE PLANS

Woodlands Church Family has been excited to see the growth and development of new and recent church plants this year and is continuing to invest in leadership capacity and enabling the sharing of resources together to enable all sites to thrive and multiply.

Woodlands Church Family is also continuing to further develop the organisational and administration structures appropriate to a growing group of congregations in the current environment. The launch of new Woodlands Church Family websites in 2026-27 will help reinforce all of the work that has been going on to bring about coherence and unity to our vision, mission and values.

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Leadership development and succession planning are always high on the agenda, and we will continue to develop the Woodlands Academy to equip leaders in all spheres of ministry and for future church planting and growth.

After the year end, Woodlands Church Family was successful in securing a property at auction located across the road from our Woodlands Christian Centre building. Completion of the purchase remains subject to the signing of contracts, which had not taken place as at the date of approval of these financial statements.

OUR STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was formed in 2008 by the merger of four previous charities: Highgrove Christian Charitable Trust, Highgrove Fellowship Centre, Woodlands Church and Henleaze & Westbury Community Church.

The charity is governed by its Memorandum and Articles of Association adopted on 18 April 2008.

Under the Memorandum and Articles of Association, all members of the Company are Trustees, and all Trustees are members. No other formal membership is operated. The minimum number of Trustees is three; there is no maximum. Trustees are required to meet at least once a year but in practice meet 4-5 times each year.

Any new Trustees are recruited in light of the mix of skills and experience needed on the Board. Vacancies are advertised publicly and openly, with invitations to apply encouraged from across Woodlands Church Family. Applicants are interviewed and invited to sit in on a Board meeting to help assess chemistry and fit and to allow all to engage in prayer and listening to the leading of the Holy Spirit. In selecting persons to be appointed, the Trustees take into account the benefits of appointing a person who is able by virtue of his or her professional qualifications or experience to make a contribution to the pursuit of the purposes and governance of Woodlands Church Family. Selected candidates are appointed by a simple majority of Trustees at a meeting or by a formal resolution.

Following a recruitment process undertaken this year, we were delighted to appoint Rob Farrell and Rupert Vernalls as Trustees.

Any new Trustees receive an Induction Pack appropriate to their level of existing knowledge of and involvement with Woodlands Church Family. As a minimum, new Trustees receive a copy of the Charity Commission publication CC3 – The Essential Trustee together with the charity’s governing document and the latest Annual Report and Accounts.

The Trustees are aware of the importance of maintaining their knowledge of current charity and related legislation and best practice, so Trustees take advantage of external trustee training sessions and, where not all members of the Board of Trustees are present, circulate any relevant information and guidance to the other Trustees for due consideration.

The role of the Senior Leadership Team (SLT) and the Trustees

The SLT is responsible for the overall spiritual and day-to-day operational leadership of Woodlands Church Family. The Trustees have overall legal responsibility, taking account of the spiritual direction of Woodlands Church Family set by the Senior Leadership Team, who themselves are always to act in accordance with the Memorandum and Articles of Association and the general law.

18

WOODLANDS GROUP OF CHURCHES TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2026

The Key Management Personnel of the charity consists of the Trustees and the Senior Leadership Team. Four Trustees are also members of the Senior Leadership Team. Where, as permitted by the Memorandum and Articles of Association, such individuals or those closely connected with them are remunerated by the charity, their pay is set by the nonremunerated members of the Trustee Board each year.

David Mitchell, the leader of Senior Leadership Team, is line-managed by the Chair of Trustees and reports to the Board at each meeting on key

developments and challenges across Woodlands Church Family. The Board of Trustees delegates some of its functions to a Finance Committee meeting four times a year, and to a Property Strategy Group which meets when needed. Agreed terms of reference are in place for both.

Church leaders and teams

Woodlands Church Family has delegated the day-to-day oversight and direction of its eight sites to congregational leadership teams. These teams meet regularly to oversee delivery of activities in accordance with the vision, mission, values of Woodlands Church Family as it pursues its charitable purposes. Members of the Trustee Board and Senior Leadership Team regularly meet with the congregational leaders to review progress, provide any advice and assistance as required and provide accountability around goals, vision and values.

PUBLIC BENEFIT

The Trustees have taken account of the Charity Commission’s guidance on Public Benefit where appropriate when exercising their powers and duties, planning and reviewing the aims, objectives and activities of Woodlands Church Family. Throughout this report, the Trustees have sought to demonstrate the many ways that it delivers benefit to the public – whether they are members of one of the congregations that are part of the church, another church or have no church or other religious affiliation.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES AND CORPORATE GOVERNANCE

The Trustees (who are also directors of Woodlands Group of Churches for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to:

19

WOODLANDS GROUP OF CHURCHES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2026

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

Corporate Governance

Internal controls over all forms of commitment and expenditure are continually reviewed to improve efficiency and enable the Trustees to discharge their responsibilities around safeguarding the charity’s assets. Processes are in place to ensure that performance is monitored and that appropriate management information is prepared and reviewed regularly by the Senior Leadership Team, the Finance Committee and the Board of Trustees.

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. They include:

Risk Management

The Trustees have a formal risk management process, which has been reviewed and kept updated during the current financial year. This involves identifying the types of risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of managing or mitigating the risks and the individual responsible for managing each risk.

The Trustees have a formal incident recording process to identify incidents that can inform the risk management process.

20

WOODLANDS GROUP OF CHURCHES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2026

The Trustees carry out an annual review of the principal risks to which the charity is exposed, and systems have been established to manage those and other risks.

The Trustees consider the principal risks facing Woodlands Church Family to be as follows:

  1. The risk that a lack of clarity on vision impedes our ability to deliver on our charitable purposes.

  2. This may arise from the loss of key leaders, an organisational focus drowning out the church being Spirit-led, poor succession planning or failing to empower the next generation of leaders. This risk is being addressed through the development of leaders through the Woodlands Academy, the establishment of a succession working group, regular times of worship and prayer across all our teams (including the Senior Leadership Team) and the implementation of a 360 review process for all staff.

  3. The risk of inconsistency and inefficiency across our sites leading to wasted effort and a lack of unity . This risk is being addressed through an increase in relational and operational overlap between congregation leaders, the articulation and reinforcement of shared values, the development of platforms to share resources and the proactive priority given by the Senior Leader in maintaining good communication and unity across all sites.

Auditors

A resolution proposing that Gravita Audit Western Limited be reappointed as auditors of the charitable company will be put to the Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed by order of the board of Trustees:

Mr E J Marsh (Chair of Trustees)

Mr D J Mitchell (Senior Leader and Trustee)

13 July 2026

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WOODLANDS GROUP OF CHURCHES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2026

REFERENCE AND ADMINISTRATIVE INFORMATION

Company registration no: 06569993 Charity registration no: 1125029 Registered office address: Woodlands Christian Centre Belgrave Road Clifton Bristol BS8 2AA Website addresses: www.woodlandschurch.net www.thecommunitychurch.net www.highgrove.church www.woodlandsmetro.church www.branchchurch.co.uk www.woodlandssouthside.church www.woodlandseast.church www.woodlandschurch.net/hillside

Members of the Board of Trustees

The trustees, who are also directors for the purposes of Company law, that served during the year and since the year end, are:

Mrs A Addison Vice-Chair Mr S Bodley (resigned 28 April 2026) Mrs A Dawson Mr T J Dobson Mr R Farrell (appointed 9 February 2026) Mr E J Marsh Chair Mr W Matthews Vice-Chair Mr D J Mitchell Mr D Roderick Mr R Vernalls (appointed 9 February 2026) Senior Leadership Team (SLT) of the Woodlands Church Family Mr D J Mitchell (Senior Leader of the Woodlands Church Family) Mr T J Dobson Mrs D A Marsh Mr E J Marsh Mrs R Riddall Mr D Roderick Mr J Saunders Mr M Smith Mr N Savage Mrs H C Thompson

Principal Service Providers and Professional Advisers Auditor

Gravita Audit Western Limited, 2[nd] Floor, South, One Castle Park, Tower Hill, Bristol, BS2 0JA

Solicitors and Employment Advisers

Capstone Law, 62 Gloucester Road, Bristol, BS7 8BH Keelys LLP, 28 Dam Street, Lichfield, Staffordshire, WS13 6AA

Banking and Investments

The Cooperative Bank plc, PO Box 101, 1 Balloon Street, Manchester, M60 4EP Lloyds Bank, 15 High Street, Westbury-on-Trym, Bristol, BS9 3DA Bank of Scotland, 2[nd] floor, Pentland House, 8 Lochside Avenue, South Gyle, Edinburgh, EH12 9DJ. Epworth Investment Management Ltd, 9 Bonhill Street, London, EC2A 4PE

Evelyn Partners Investment Management, 4[th] Floor, Portwall Place, Portwall Lane, Bristol, BS1 6NA

22

WOODLANDS GROUP OF CHURCHES

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2026

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS

Opinion

We have audited the financial statements of Woodlands Group of Churches (the ‘charitable company’) for the year ended 31 March 2026 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial

23

WOODLANDS GROUP OF CHURCHES

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2026

statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on pages 19-20, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

24

WOODLANDS GROUP OF CHURCHES INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2026

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the

25

WOODLANDS GROUP OF CHURCHES

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2026

events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance-ethics/auditors-responsibilities-for-the-audit. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Matthew Bracher BSc FCA (Senior Statutory Auditor) for and on behalf of Gravita Audit Western Limited, Statutory Auditor Chartered Accountants and Statutory Auditors

2[nd] Floor, South One Castle Park Tower Hill Bristol BS2 0JA

13 July 2026

26

WOODLANDS GROUP OF CHURCHES

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2026

Unrestricted
Free
Reserves
Note
£
Income and Endowments from
:
Donations and legacies
Offerings, donations and legacies
2
1,253,345
Assets from The Lloyd Johnstone Trust
20
-
Charitable activities
3
238,379
Investments
4
63,036
Total
1,554,760
Expenditure on
:
Charitable activities
Global Partnerships
42,090
City and Community Outreach
169,433
Gathered Church
472,358
Children and Youth Ministry
374,813
Student Ministry
164,296
Discipleship & Leadership Development
205,711
Pastoral Care
66,776
5
1,495,477
Raising funds
8
20,470
Total
1,515,947
Net gains on investments
15
-
Net income
9
38,813
Transfers between funds
18
175,827
Other losses
-
214,640
Reconciliation of funds
Total funds brought forward
726,427
Total funds carried forward
18
941,067		 Unrestricted
Designated
funds
£
290,383
-
25,140
154,166
469,689
55,294
27,217
41,164
18,287
19,737
15,760
2,889
180,348
-
180,348
167,428
456,769
(162,858)
-
293,911
9,594,476
9,888,387		 Restricted
funds
£
283,018
-
1,129
10,985
295,132
162,322
42,924
3,613
6,437
538
207
3,832
219,873
-
219,873
-
75,259
(12,969)
-
62,290
168,504
230,794		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2,766
2,766
18,051
15,285
-
-
15,285
622,173
637,458		 Total funds
2026
£
1,826,746
-
264,648
228,187
2,319,581
259,706
239,574
517,135
399,537
184,571
221,678
73,497
1,895,698
23,236
1,918,934
185,479
586,126
-
-
586,126
11,111,580
11,697,706		 Total funds
2025
£
1,574,743
644,495
259,782
248,365
2,727,385
265,663
246,706
441,774
334,558
166,527
184,975
82,592
1,722,795
24,626
1,747,421
62,819
1,042,783
-
(95)
1,042,688
10,068,892
11,111,580

Fund comparatives are disclosed in note 21.

The notes on pages 31 to 50 form part of these financial statements

27

WOODLANDS GROUP OF CHURCHES SUMMARY INCOME AND EXPENDITURE ACCOUNT

YEAR ENDED 31 MARCH 2026

Income from
:
Donations and legacies
Charitable activities
Investments
Income in the reporting period
Expenditure on
:
Charitable activities
Raising funds
Total expenditure in the reporting period
Net gains on investments
Net income for the financial year		 2026
£
1,826,746
264,648
228,187
2,319,581
1,895,698
20,470
1,916,168
167,428
570,841		 2025
£
1,600,439
259,782
248,365
2,108,586
1,722,795
21,064
1,743,859
55,883
420,610

The Charity has no recognised gains or losses other than the results for the period as set out above. All income and expenditure has arisen from the continuing activities.

The notes on pages 31 to 50 form part of these financial statements

28

WOODLANDS GROUP OF CHURCHES

BALANCE SHEET

YEAR ENDED 31 MARCH 2026

Note
Fixed assets:
Tangible assets
12
Programme related investments
13
Financial Investments
15
Current assets:
Debtors
16
Programme related investments
13
Mixed purpose investments
14
Cash at bank and on short term deposit
Liabilities:
Creditors : Amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Total net assets
The funds of the charity:
Unrestricted income funds
Free reserves
Earmarked Giving Funds (designated)
Fixed Asset NBV (designated)
Charitable Loans NBV (designated)
Capacity Development (designated)
Housing the Homeless (designated)
Property Purchases (designated)
St James/UPA (designated)
Mental Health and Wellbeing (designated)
Strategic Projects (designated)
Woodlands Church Family Staffing (designated)
Unrealised Investment Gains (designated)
19
Restricted income funds
19
Endowment capital funds
19
Total charity funds		 4,159,301
739,000
3,753,319
114,818
954,040
500,000
1,540,660
3,109,518
(63,432)
941,067
47,503
3,834,301
1,693,040
1,512,941
500,000
1,162,072
71,828
31,748
12,429
-
1,022,525		 2026
£
8,651,620
3,046,086
11,697,706
11,697,706
10,829,454
230,794
637,458
11,697,706		 3,886,884
1,583,540
3,570,558
66,501
368,350
500,000
1,201,179
2,136,030
(65,432)
726,427
84,886
3,561,884
1,951,040
1,510,608
500,000
878,640
59,552
33,121
20,431
139,217
855,097		 2025
£
9,040,982
2,070,598
11,111,580
11,111,580
10,320,903
168,504
622,173
11,111,580

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and were approved by the Trustees on 13 July 2026 and are signed on their behalf by:

Mr E J Marsh Chair of Trustees Company registration number: 06569993

Mr D J Mitchell Trustee and Senior Leader

The notes on pages 31 to 50 form part of these financial statements

29

WOODLANDS GROUP OF CHURCHES

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2026

Note
Operational cash flows
Cash flowsfor
operating activities
Receipts from Donations and Legacies
22 (A.1)
Payments for Raising funds
22 (B.1)
Net inflow for operating activities
Cash flowsfrom
operating activities
Receipts from Charitable activities
22 (A.2)
Payments for Charitable activities
22 (B.2)
Receipts from Programme-related investments
22 (C.1)
Receipts from Mixed Purpose investments
22 (C.2)
Additions to Programme-related investments
13
Repayments from Programme-related investments
13
Net inflow of operating activities
Non-operational cash flows
Investing activities:
Receipts from Financial investments
22 (D.1)
Purchase of tangible fixed assets
12
Net cash generated by/(used in) investing activities
Net cash inflow/(outflow) for the year
23		 Total funds
2026
£
1,537,245
(20,470)
1,516,775
263,264
(1,888,111)
68,067
20,000
(30,000)
288,435
(1,278,345)
238,430
138,747
(37,696)
101,051
339,481		 Total funds
2025
£
1,600,446
(21,064)
1,579,382
276,179
(1,714,710)
77,426
21,000
-
32,125
(1,307,980)
271,402
150,865
(969,037)
(818,172)
(546,770)

Charity law prohibits the use of net cash flows on any restricted fund to offset net cash outflows on any fund outside of its own purposes, except on special authority. In practice, this restriction has not had any effect on cash flows for the year.

The notes on pages 31 to 50 form part of these financial statements

30

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared on the historical cost basis with the exception of financial investments which are shown at fair value. The financial statements are prepared on a going concern basis and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity is a Public Benefit Entity as defined under FRS 102. The presentation currency is pounds sterling.

The Statement of Cash Flows has been prepared on the gross/direct basis, as permitted by the Charities SORP. Cash has been defined as cash in hand and short-term deposits of less than 3 months for the purposes of the Statement of Cash Flows. The Balance sheet additionally includes short term deposits of less than one year within cash in hand.

There are no material uncertainties about the charity’s ability to continue as a going concern, despite the economic uncertainties and inflationary pressures over the last few years. The charity has sufficient reserves to be able to meet these challenges and have also observed how well core giving income has held up over the last few years.

There have been no management judgements or any key sources of estimation uncertainty at the reporting date in the financial statements that give rise to a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

b) Funds

Unrestricted free reserves are available for use at the discretion of the Trustees in the furtherance of the charitable purposes of the charity.

Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to free reserves at any time at the discretion of the Trustees. Material designated funds are identified and explained in note 18.

Restricted funds can only be used for particular restricted purposes within the purposes of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets these criteria is charged to the fund. The purpose and use of each material restricted fund is set out in note 18.

Endowment funds are funds to be retained for the benefit of the charity, although these funds can be converted into income and are therefore expendable.

(c) Income

All income is included in the Statement of Financial Activities when the charity is legally entitled to the income, when the amount can be quantified with reasonable accuracy and receipt is probable. The following specific policies are applied to particular categories of income:

Donations and Legacies are included in full in the Statement of Financial Activities when receivable, except as follows:

31

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1 Accounting policies (continued)

Gift Aid relief on eligible donations is recognised on an accruals basis at the same point as the original donation.

Investment Income represented by interest on bank deposits, dividends receivable, interest on programme-related investments and interest on mixed purpose investments is recognised when receivable.

Rental income is recognised within Income from Charitable Activities as the promotion of student community living and the hiring of the buildings for weddings and other Christian conferences and events is considered part of the activities the charity undertakes to achieve its purposes. The rental income on student rooms is recognised when invoiced (usually on a monthly basis) and, for events, is recognised in the period the event takes place.

Donated services and facilities are included in the Statement of Financial Activities at their value to the charity at the date of the gift. Donated assets which are capitalised are included in the financial statements at fair value. In accordance with the Statement of Recommended Practice, no amounts are included in the financial statements for services donated by volunteers.

(d) Expenditure

Expenditure is recognised on an accruals basis as and when a legal or constructive obligation arises.

Expenditure is allocated to the identified Charitable Activities directly, where applicable. Shared and support costs relating to employing church workers, administration costs and premises costs are allocated to Charitable Activities as follows:

Shared or Support cost Basis of allocation Church workers Estimated time spent on each activity Administration costs Estimated usage of the resource Premises costs Estimated usage of the resource

These estimates are reviewed on an annual basis.

Grants payable are charged to the Statement of Financial Activities in the accounting period in which communication of the award is communicated to the recipient.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within Support costs.

32

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1 Accounting policies (continued)

(e) Foreign currency

The microfinance element of the charity’s programme related investments are managed in US$. In view of there being a very large number of small loans, the transactions are not converted to £s at the transaction date but the US$ balances at the year-end are converted to £s at the year-end rate. Gains and losses on exchange are treated as other gains and losses within the Statement of Financial Activities.

(f) Tangible fixed assets and depreciation

Fixed assets are stated at cost and new items costing more than £3,000 are capitalised. Depreciation is calculated so as to write off the cost of fixed assets on a straight-line basis over their estimated useful lives on the following basis:

Freehold property: No depreciation charged (see below) Audio, Visual and office equipment: 20% Furniture and Fittings: 20% (with some assets being depreciated at 10%)

No depreciation is charged in the year of acquisition and a full year’s depreciation is charged in the year of disposal. No provision for depreciation has been made for freehold property as it is the view of the Trustees that the estimated residual value of each property is not materially different from the carrying value. The Trustees undertake an impairment review whenever they identify any indicators that impairment may have occurred.

Donated properties have been included in the Balance Sheet at their current value at the date of the gift.

The charity owns three residential properties located adjacent to two of its church buildings. These properties were purchased and are held for the charitable benefit derived from their proximity to the church. Such benefits include better parking and access to church premises, the use of gardens for church events and activities and the ability to offer housing to staff and volunteers, where the proximity to the churches is to the benefit of its operations. Where vacancies arise, the charity seeks to rent rooms to such volunteers or staff. Where no such tenants are in prospect, the charity makes short-term lets to other members of the public in order to steward its resources well. As the charity holds the properties primarily for the benefit of its charitable purposes rather than for rental, the properties are held as functional fixed assets and not as investment properties.

(g) Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

33

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1 Accounting policies (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

(h) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(i) Financial investments

Listed investments are held in both a common investment fund and as separate portfolio managed under the discretionary mandate. Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals during the year.

(j) Programme-related and mixed purpose investments

Programme-related investments consist of charitable loans; some of which carry an interest rate and some which are interest-free. These investments are carried at cost less any provision for impairment less any repayments received. Mixed purpose investments are held for a financial return but also contribute to the charity’s purposes.

(k) Lease contracts

Rentals applicable to operating lease agreements where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

(l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity makes grants to financially support global partners overseas and to UK-based missionaries and mission organisations. Where an individual or organisation has been supported by the charity for a number of years, strict compliance with the Charities Statement of Recommended Practice may regard some arrangements as constituting constructive obligations such that future years’ support is accounted immediately as a liability.

The Trustees are confident that the individuals and organisations supported would not view their support as an open-ended obligation on the part of the charity as they are aware that all support is reviewable annually.

(m) Pension costs

The charity contributes to a defined contribution pension plan on behalf of its eligible employees. The contributions are recognised as an expense in the period in which the related service is provided.

34

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

2 Offerings, donations and legacies

Unrestricted
Free
Reserves
Year ended 31 March 2026
£
Tithes, offerings and donations
998,038
Legacies
35,387
Gifts in kind
-
Gift Aid tax reclaims
219,320
Grants receivable
600
1,253,345
Previous year ended 31 March 2025
Tithes, offerings and donations
1,024,094
Legacies
-
Gifts in kind
-
Gift Aid tax reclaims
229,734
Grants receivable
-
1,253,828		 Unrestricted
Designated
funds
£
39,402
-
250,000
981
-
290,383
41,311
-
-
2,866
-
44,177		 Restricted
funds
£
185,851
50,000
-
29,620
17,547
283,018
237,709
-
-
31,148
7,881
276,738		 Total funds
£
1,223,291
85,387
250,000
249,921
18,147
1,826,746
1,303,114
-
-
263,748
7,881
1,574,743

Grants receivable in the current year included £11,897 of government grants including the second tranche (£5,160) of a Bristol City Leap grant and a WECA grant (£6,737) towards the cost of an Eco-Friendly survey at Highgrove Church. Grants receivable in the prior year included £3,720 of government grants in support of a Welcome Hub for Ukranian refugees, the first tranche (£2,100) of a Bristol City Leap grant towards the costs of and Eco-friendly survey at Highgrove Church and a grant of £860 to fund Youth outreach activity at Branch Church.

On 26 March 2026, the Charity was donated a property, Kingsholm Church, which has been included in the accounts at its current value at the date of the gift.

3 Income from Charitable Activities

Unrestricted
Free
Reserves
Year ended 31 March 2026
£
Student rooms rents
111,386
Other rents and building hire
49,833
Church events and weekends away
77,160
238,379
Previous year ended 31 March 2025
Student rooms rents
-
Other rents and building hire
1,194
Church events and weekends away
66,457
67,651		 Unrestricted
Designated
funds
£
-
25,140
-
25,140
105,868
80,656
871
187,395		 Restricted
funds
£
-
-
1,129
1,129
-
-
4,736
4,736		 Total funds
£
111,386
74,973
78,289
264,648
105,868
81,850
72,064
259,782

35

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

4 Income from Investments

Unrestricted
Free
Reserves
Year ended 31 March 2026
£
Bank deposit interest
42,496
Loan stock interest
20,000
Programme related investments return
-
Dividend income on financial investments
-
Feed in Tariff from solar panels
540
63,036
Previous year ended 31 March 2025
Bank deposit interest
-
Loan stock interest
-
Programme related investments return
-
Dividend income on financial investments
-
Feed in Tariff from solar panels
-
-		 Unrestricted
Designated
funds
£
-
-
69,440
84,726
-
154,166
55,389
20,667
76,833
83,663
512
237,064		 Restricted
funds
£
100
-
-
10,885
-
10,985
475
-
-
10,826
-
11,301		 Total funds
£
42,596
20,000
69,440
95,611
540
228,187
55,864
20,667
76,833
94,489
512
248,365

A number of staff do not fall solely into one congregation but serve the whole of the Woodlands Church Family. The costs relating to these staff and other expenses have been brought under free reserves funds this year. Income to support this new Woodlands Church Family 'cost centre' is mainly from sources other than general giving: mixed purpose investment loan interest, bank interest and net rental income from properties. This year, bank interest, loan stock interest and FiT income have been moved from designated funds to free reserves to reflect this change.

5
Expenditure on Charitable Activities
Year ended 31 March 2026
Global Partnerships
City and Community Outreach
Gathered Church
Children and Youth Ministry
Student Ministry
Discipleship & Leadership Development
Pastoral Care
Previous year ended 31 March 2025
Global Partnerships
City and Community Outreach
Gathered Church
Children and Youth Ministry
Student Ministry
Discipleship and Leadership Development
Pastoral Care		 Grant
funding of
activities
£
(note 7)
227,126
71,075
-
-
-
12,442
3,740
314,383
236,696
87,467
-
-
-
8,455
4,062
336,680		 Activities
undertaken
directly
£
-
24,020
64,467
43,461
13,713
36,135
1,436
183,232
-
25,812
60,420
33,052
13,461
24,846
1,409
159,000		 Church
worker and
support
costs
£
(note 6)
32,580
144,479
452,668
356,076
170,858
173,101
68,321
1,398,083
28,967
133,427
388,416
315,268
139,304
144,612
77,121
1,227,115		 Total funds
£
259,706
239,574
517,135
399,537
184,571
221,678
73,497
1,895,698
265,663
246,706
448,836
348,320
152,765
177,913
82,592
1,722,795

36

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

6 Church worker and Support costs

Church worker
costs
£
Year ended 31 March 2026
Global Partnerships
24,840
City and Community Outreach
104,443
Gathered Church
319,613
Children and Youth Ministry
291,484
Student Ministry
98,526
Discipleship & Leadership Development
133,065
Pastoral Care
64,451
1,036,422
Previous year ended 31 March 2025
Global Partnerships
24,217
City and Community Outreach
99,241
Gathered Church
268,297
Children and Youth Ministry
256,396
Student Ministry
75,682
Discipleship and Leadership Development
110,426
Pastoral Care
74,746
909,005		 Admin
costs
£
7,740
11,610
19,351
7,740
15,480
11,610
3,870
77,401
4,750
7,125
11,876
4,750
9,500
7,125
2,375
47,501		 Premises
costs
£
-
28,426
113,704
56,852
56,852
28,426
-
284,260
-
27,061
108,243
54,122
54,122
27,061
-
270,609		 Total funds
£
32,580
144,479
452,668
356,076
170,858
173,101
68,321
1,398,083
28,967
133,427
388,416
315,268
139,304
144,612
77,121
1,227,115

Included in Admin costs are Governance costs of £5,796 (2025: £5,520).

Church worker costs are allocated to activities on the basis of time spent on each activity.

Admin and Premises costs are allocated to activities on the basis of usage estimates.

37

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

7
Grant funding of Charitable activities
Global
Year ended 31 March 2026
Partnerships
£
Grants to Institutions
95,142
Grants to Individuals
131,984
227,126
Previous year ended 31 March 2025
Grants to Institutions
94,614
Grants to Individuals
142,082
236,696		 Discipleship
City and
and
Community Leadership
Outreach
Dev't
£
£
66,365
-
4,710
12,442
71,075
12,442
81,932
-
5,535
8,455
87,467
8,455		 Pastoral
Care
£
-
3,740
3,740
-
4,062
4,062		 Total funds
£
161,507
152,876
314,383
176,546
160,134
336,680

Analysis of grants to institutions

Institutions receiving £2,500 of over in either the current or prior year or with Trustee links have been disclosed.

Total funds
2026
Institution name
Charitable activity
£
Beloved
City and Community Outreach
8,430
Bridges for Communities
City and Community Outreach
-
Bristol Noise
City and Community Outreach
2,400
InHope (Bristol)
City and Community Outreach
10,763
L4 Enterprises CIC (Grace Network)
City and Community Outreach
8,375
Sixty One
City and Community Outreach
4,650
Urban Pursuit CIC
City and Community Outreach
4,650
Victoria Park Baptist Church
City and Community Outreach
-
Agape Ministries Ltd
City and Community Outreach
3,300
City Church Bristol
City and Community Outreach
5,000
Love Bristol Ltd
City and Community Outreach
2,500
The George Muller Charitable Trust
Global Partnerships & City/Comm'ty Outreach
48,886
HOPE International
Global Partnerships
5,225
International Justice Mission
Global Partnerships
14,225
Open Doors
Global Partnerships
9,412
Ripple Effect
Global Partnerships
5,040
Tearfund
Global Partnerships
737
ForEthiopia
Global Partnerships
2,500
Hands at Work UK
Global Partnerships
4,348
 Bristol International Trust (BISC)
Global Partnerships
5,538
Other Institutional grants
Global Partnerships & City/Comm'ty Outreach
15,528
161,507		 Total funds
2025
£
6,305
2,500
3,600
12,578
25,000
2,960
10,950
4,586
1,800
-
-
53,923
225
-
2,250
3,780
5,750
2,750
18,819
4,290
14,480
176,546

Institutional grant recipients marked * have a close connection with Woodlands Group of Churches by virtue of having trustees in common or key management personnel who are also on the Woodlands Group of Churches Trustee Board.

A Dawson is part of the key management personnel of Bristol International Trust (BISC). T J Dobson is a Trustee of Bristol Noise.

38

WOODLANDS GROUP OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

7 Grant funding of Charitable activities (continued)

The George Muller Charitable Trust facilitates prayer and financial support for a number of global and local mission partners. Woodlands Group of Churches partner with The George Muller Charitable Trust in supporting many of these partners, who also have a close partnership with our churches.

Included within the grants made to The George Muller Charitable Trust are grants totalling £25,240 (2025: £26,740) in respect of the charity's two partnerships with Hands at Work in Africa. An additional £4,348 (2025: £18,819) was given directly to Hands at Work UK bringing the total Hands at Work grants to £29,588 (2025: £45,559).

8 Expenditure on Raising funds

Unrestricted
Free
Reserves
Year ended 31 March 2026
£
Online donation processing fees
20,470
Investment management fees
-
20,470
Previous year ended 31 March 2025
Online donation processing fees
21,064
Investment management fees
-
21,064
9
Net income
This is stated after charging:
Depreciation (see note 12)
Auditor's remuneration for statutory audit services		 Unrestricted
Designated
funds
£
-
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-
-		 Endowment
Fund
£
-
2,766
2,766
-
3,562
3,562
Total funds
2026
£
15,279
5,796		 Total funds
£
20,470
2,766
23,236
21,064
3,562
24,626
Total funds
2025
£
14,431
5,520

10 People resources

A summary of the cost of church workers for the current and preceding financial year is below:

Wages and Salaries
Social Security Costs
Pension costs		 2026
£
924,386
92,086
18,477
1,034,949		 2025
£
825,574
55,136
15,328
896,038

In the year to 31 March 2026, the average number of staff employed was 50 (2025: 48)

No employee received employment benefits of more than £60,000 in the current or preceding year.

39

WOODLANDS GROUP OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

10 People resources (continued)

The charity is heavily dependent on volunteers to conduct its activities and achieve its mission and aims.

As voluntary involvement is encouraged for all those who consider themselves a part of the churches, it is impossible to reliably quantify the numbers of people or hours that the charity receives. The Trustees' report further illustrates the impact that volunteers have on the work of the charity.

The key management personnel of the charity includes the Trustees and the Senior Leadership Team. The employment benefits paid to key management were £306,831 (2025: £312,080 restated).

The charity operated a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £18,477 (2025: £15,328). The defined contribution liability is allocated between activities and funds on the same basis as the salary of the individual to whom those contributions relate.

11 Taxation

Woodlands Group of Churches is recognised as a charity for UK tax purposes and is therefore exempt from Corporation Tax on its income and gains provided that these are used for charitable purposes only.

12 Tangible fixed assets
Freehold
Property and
Improvements
£
Cost
At 1 April 2025
3,834,326
Additions
287,696
Disposals
-
At 31 March 2026
4,122,022
Depreciation
At 1 April 2025
-
Charge for the year
-
Disposals
-
At 31 March 2026
-
Net book value
At 31 March 2026
4,122,022
At 31 March 2025
3,834,326		 Audio,
Visual
and office
Equipment
£
183,399
-
(21,355)
162,044
170,502
7,464
(21,355)
156,611
5,433
12,897		 Furniture
& Fittings
£
92,092
-
-
92,092
52,431
7,815
-
60,246
31,846
39,661		 Total
£
4,109,817
287,696
(21,355)
4,376,158
222,933
15,279
(21,355)
216,857
4,159,301
3,886,884

40

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

13 Programme related investments
Global
Partnership
Microfinance
loans
£
At 1 April 2025
850
Written off loans (charged to Charitable Activities as grants payable)
(415)
Amounts dispersed
-
Amounts repaid
(435)
At 31 March 2026
-
Included within:
Fixed assets
-
Current assets
-
-		 City and
Community
Outreach
loans
£
1,951,040
-
30,000
(288,000)
1,693,040
739,000
954,040
1,693,040		 Total
£
1,951,890
(415)
30,000
(288,435)
1,693,040
739,000
954,040
1,693,040

Global Partnership Microfinance loans include small short term loans to entrepreneurs in poverty.

City and Community Outreach loans include short term loans to individuals to assist in their ministries linked with the charity's City and Community Outreach activities. A fuller explanation on the nature and basis for these loans is included within the Trustees' Annual Report.

14 Mixed purpose investments
At 1 April 2025 and 31 March 2026
Included within:
Current assets		 Loan
Stock
£
500,000
500,000
500,000		 Other
Loans
£
-
-
-		 Total
£
500,000
500,000
500,000

Mixed purpose investments includes £500,000 of interest bearing loan stock issued by Green Pastures Community Benefit Society (an exempt charity). The funds are used to help house the homeless and are unsecured. Under the charity's investment policy, the maximum that can be invested for this purpose is limited at any one time to £500,000. These funds are held in a designated fund: 'Housing the Homeless'.

41

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

15 Financial Investments
Market value brought forward
Acquisitions at cost
Proceeds on disposal
Movement in cash held for investment
Gains in the year
Market value carried forward		 2026
£
3,570,558
28,962
(26,770)
(4,910)
185,479
3,753,319		 2025
£
3,216,860
396,215
(111,207)
5,871
62,819
3,570,558

Financial Investments consist of:

16 Debtors
Other debtors
Gift Aid tax reclaims
Prepayments and accrued income
17 Creditors: amounts falling due within one year
Other creditors
Taxation and social security
Accruals and deferred income		 2026
£
63,869
32,238
18,711
114,818
2026
£
1,950
17,762
43,720
63,432		 2025
£
29,853
28,061
8,587
66,501
2025
£
4,653
12,783
47,996
65,432

42

NOTES TO THE FINANCIAL STATEMENTS

WOODLANDS GROUP OF CHURCHES

YEAR ENDED 31 MARCH 2026

----- Start of picture text -----
18 Movement in funds
Year ended 31 March 2026 At Transfers At
1 April Income Expenditure between 31 March
2025 and gains and losses funds 2026
£ £ £ £ £
Unrestricted funds
Free reserves 726,427 1,554,760 (1,515,947) 175,827 941,067
Earmarked Giving Funds (designated) 84,886 40,196 (73,776) (3,803) 47,503
Fixed Asset NBV (designated) 3,561,884 250,000 (15,278) 37,695 3,834,301
Charitable Loans NBV (designated) 1,951,040 - - (258,000) 1,693,040
Capacity Development (designated) 1,510,608 - (23,934) 26,267 1,512,941
Housing the Homeless (designated) 500,000 - - - 500,000
Property Purchases (designated) 878,640 154,166 (24,934) 154,200 1,162,072
St James/UPA (designated) 59,552 25,140 (12,864) - 71,828
Mental Health and Wellbeing (designated) 33,121 187 (1,560) - 31,748
Strategic Projects (designated) 20,431 - (28,002) 20,000 12,429
WCF Staffing Fund (designated) 139,217 - - (139,217) -
Unrealised Investment Gains (designated) 855,097 167,428 - - 1,022,525
10,320,903 2,191,877 (1,696,295) 12,969 10,829,454
Restricted Funds
Hands at Work (Houtbos) 1,863 17,984 (13,440) - 6,407
Highgrove Global Partner Fund 2,441 12,806 (17,164) 3,984 2,067
Woodlands Global Partner Fund 11,626 30,673 (33,115) 12,187 21,371
The Lloyd Johnstone Trust Fund 29,774 14,885 (12,390) - 32,269
Local Care and Mission Fund 16,871 29,770 (31,914) 9,855 24,582
Needy Saints 18,677 - (2,129) - 16,548
Community Church Southmead ministry 36,621 - - - 36,621
Woodlands East Church plant 20,292 1,250 (9,945) 3,259 14,856
South Africa GP support 198 21,343 (21,576) - (35)
Sustainable Building Grant 2,100 15,097 - (17,197) -
International Justice Mission 4,730 3,435 (14,221) 6,056 -
Uganda Mission - 61,990 (12,180) - 49,810
Sunday Mission Offerings (Branch) 41 4,731 (3,976) (796) -
Sunday Mission Offerings (Community Church) - 10,657 (7,452) (3,205) -
Sunday Mission Offerings (Highgrove) - 4,096 - (4,096) -
Sunday Mission Offerings (Metro) - 3,183 (2,425) (758) -
Sunday Mission Offerings (Woodlands Central) - 22,754 - (22,754) -
Sunday Mission Offering (Southside) - 2,469 (294) (2,175) -
Sunday Mission Offering (Central Special) - 15,719 (8,758) (6,961) -
Sunday Mission Offering (Woodlands East - 1,194 (924) (270) -
Other restricted funds (see description below) 23,270 21,096 (27,970) 9,902 26,298
168,504 295,132 (219,873) (12,969) 230,794
Endowment Funds (expendable)
The Lloyd Johnstone Endowment fund 622,173 18,051 (2,766) - 637,458
622,173 18,051 (2,766) - 637,458
Total funds 11,111,580 2,505,060 (1,918,934) - 11,697,706
----- End of picture text -----

43

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

18 Movement in funds (continued)
Previous year ended 31 March 2025
At
1 April
2024
Unrestricted funds
£
Free reserves
672,842
Earmarked Giving Funds (designated)
123,062
Fixed Asset NBV (designated)
2,607,278
Charitable Loans NBV (designated)
1,981,040
Capacity Development (designated)
408,302
Housing the Homeless (designated)
511,000
Property Purchases (designated)
2,644,218
St James/UPA (designated)
59,018
Mental Health and Wellbeing (designated)
14,511
South Bristol Church Planting (designated)
36,000
Strategic Projects (designated)
50,000
WCF Staffing Fund (designated)
60,311
Unrealised Investment Gains (designated)
799,214
9,966,796
Restricted Funds
Hands at Work (Houtbos)
11,929
Highgrove Global Partner Fund
1,344
Woodlands Global Partner Fund
8,193
The Lloyd Johnstone Trust Fund
-
Local Care and Mission Fund
9,493
Needy Saints
20,732
Community Church Southmead ministry
-
Woodlands East Church plant
-
South Africa GP support
140
Sustainable Building Grant
-
International Justice Mission
4,730
Uganda Mission
250
Sunday Mission Offerings (Branch)
347
Sunday Mission Offerings (Community Churc
-
Sunday Mission Offerings (Highgrove)
-
Sunday Mission Offerings (Metro)
-
Sunday Mission Offerings (Woodlands Centra
-
Sunday Mission Offering (Southside)
-
Sunday Mission Offering (WCF Offering)
-
Other restricted funds (see description below
44,938
102,096
Endowment Funds (expendable)
The Lloyd Johnstone Endowment fund
-
-
Total funds
10,068,892		 Income
and gains
£
1,321,479
44,671
-
-
-
20,667
324,312
23,293
127
-
-
55,566
55,883
1,845,998
18,374
11,697
31,363
38,309
29,110
-
36,621
29,000
27,718
2,100
-
8,065
5,000
13,902
3,782
301
17,368
2,675
11,180
31,906
318,471
625,735
625,735
2,790,204		 Expenditure
and losses
£
(1,126,934)
(82,847)
-
-
(14,021)
(11,000)
(52,985)
(22,759)
(11,204)
-
(29,569)
(141,425)
-
(1,492,744)
(28,440)
(14,328)
(39,648)
(8,535)
(29,869)
(2,055)
-
(8,708)
(27,660)
-
-
(8,315)
(5,035)
(11,287)
-
(301)
-
-
(11,486)
(55,543)
(251,210)
(3,562)
(3,562)
(1,747,516)		 Transfers
between
funds
£
(140,960)
-
954,606
(30,000)
1,116,327
(20,667)
(2,036,905)
-
29,687
(36,000)
-
164,765
-
853
-
3,728
11,718
-
8,137
-
-
-
-
-
-
-
(271)
(2,615)
(3,782)
-
(17,368)
(2,675)
306
1,969
(853)
-
-
-		 At
31 March
2025
£
726,427
84,886
3,561,884
1,951,040
1,510,608
500,000
878,640
59,552
33,121
-
20,431
139,217
855,097
10,320,903
1,863
2,441
11,626
29,774
16,871
18,677
36,621
20,292
198
2,100
4,730
-
41
-
-
-
-
-
-
23,270
168,504
622,173
622,173
11,111,580

Description and purpose of funds and transfers

All funds with an opening balance, closing balance, income, gain, expenditure, loss or transfer greater than £10,000 have been separately disclosed. With the exception of monthly mission offerings which are disclosed in full regardless of size, all other funds have been included within 'Other restricted funds'. The charity accounts fully for all restricted funds and a summary of the movement on any smaller fund is available upon request.

Free reserves

These funds represent the free reserves of the charity. Transfers out include £20,000 set aside to help cover costs related to rebranding, website development and the Woodlands Church Family Academy (Strategic Projects) and an additional

£46,700 from annual congregational budgets to the Capacity Development fund to ensure funds are available for the development buildings and the exceptional and unexpected repair and replacement of assets.

Transfers into the fund include £139,200 from the wind down of the Woodlands Church Family staffing designated fund.

44

WOODLANDS GROUP OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

18 Movement in funds (continued)

A number of staff do not fall solely into one congregation but serve the whole of the Woodlands Church Family. The costs relating to these staff and other expenses have been brought under general funds this year. Income to support this new Woodlands Church Family 'cost centre' is mainly from sources other than general giving: mixed purpose investment loan interest, bank interest and net rental income from properties.

An additional £103,800 has been transferred in Free Reserves from the wind down of a second designated fund: Hellier House. This fund was initially set up to track the income and expenditure relating to this property, but this is no longer deemed necessary, the balance was transferred to Free Reserves and the net rental of the property is now supporting the new Woodlands Church Family cost centre.

Earmarked Giving Funds (designated)

From time to time, the charity receives unrestricted donations and allows the donor(s) to express wishes as to their ultimate application within the charitable purposes of the charity. The application of these funds is at the full discretion of the Trustees, but they take account of the expressed wishes of the donor. The Trustees have determined it appropriate to hold these 'earmarked' funds in a designated fund.

Fixed Asset NBV (designated)

This fund represents the net book value of tangible fixed assets held by the charity. The transfers in and out of this fund relate to additions, depreciation and profits and loss on disposal. This year additions include £13,000 relating to improvements at Branch Church and £24,600 building improvements from a Decarbonisation project at Highgrove Church. This year we received a gift of a property (Kingsholm Church), valued at £250,000 and the fund reflects this new asset.

Charitable Loans NBV (designated)

This fund represents the carrying value of the charitable loans held by the charity. These exist to further the City and Community Outreach dimension of the charity's work. This scheme is closed and no new loans have been dispersed under the scheme, though in the year £30,000 was added to an existing loan. The seven outstanding loans will be called in as they mature.

Capital repayments of £288,000 were received in the year and transferred to the Property Purchases fund.

Capacity Development (designated)

This fund enables major capital developments of existing buildings that provide increased capacity, usage and to ensure funds are available for unexpected/exceptional repair or replacement costs that may be incurred.

Transfers into this fund include a proportion of each congregation's general funds income being set aside to meet future building developments and unanticipated large emergency capital expenditure costs (total £46,700).

£20,500 of costs incurred have been transferred to the Fixed Asset NBV fund relating to expenditure on some internal reconfiguration of Branch Church and improvements to Highgrove Church from a Decarbonisation project.

Housing the Homeless (designated)

This fund is used to support housing for the homeless, currently through Green Pastures loans. The interest payments from these loans are being used to contribute towards the general operating costs of Woodlands Church Family.

Property Purchases (designated)

This fund exists to enable the purchase of properties that will help establish church plants and outreach in the city. £288,000 of Charitable loan repayment capital has been transferred into the fund from the Charitable Loan NBV fund and £30,000 transferred to the Charitable Loan NBV fund reflecting additional capital dispersed to an existing loan holder.

The Hellier House class within this fund was been wound down and funds (£103,800) transferred to Free Reserves to support Woodlands Church Family shared costs.

St James/UPA (designated)

The charity started renting out space in their St James building in 2021. The net rental is included within this designated fund in order to help meet the costs of future upkeep liabilities for the ageing building.

Mental Health and Wellbeing (designated)

Mental Health care is a key priority of the Trustees and this fund exists to support this. The fund is used to to support the running costs of a Well-being cafe at the Community Church and the Woodlands Church Family Well-being website.

Strategic Projects (designated)

This fund has been created to set aside funds to meet the costs associated with the recommendations from the Strategic Review in 2022. Costs to date relate to Rebranding, Website development and Woodlands Church Family Academy expenses. The fund was bolstered this year with a transfer from general funds of £20,000.

Woodlands Church Family Staffing (designated)

This fund was originally set up to meet the costs associated with a number of staff who do not fall solely into one congregation but serve the whole of the Woodlands Church Family. This year the decision was made to bring all staffing costs into Free Reserves. As such this fund has been wound down and the balance of £139,200 transferred to Free Reserves.

45

WOODLANDS GROUP OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

18 Movement in funds (continued)

Unrealised Investment Gains (designated)

This fund represents the cumulative unrealised investment gains from the charity's unrestricted equity investment portfolio.

Hands at Work (restricted)

Woodlands Church Family has two established partnerships to support the work of the charity Hands at Work in two needy communities in Africa. These funds represent the monies raised from our Central congregation in support of one of these partnerships (Houtbos). Funds in support of the other community (Bhandeni) are within 'Other Restricted funds'.

Highgrove Global Partners Fund (restricted)

This fund arises from offerings and is held to enable Highgrove global and local mission partners to be supported both on a regular and on an ad hoc basis, as needs arise.

Woodlands Global Partners Fund (restricted)

This fund arises from offerings and is held to enable Woodlands global partners to be supported both on a regular and ad hoc basis, as needs arise.

The Lloyd Johnstone Trust Fund (restricted) and Lloyd Johnstone Endowment fund (expendable endowment)

These funds have arisen from the donation of assets and liabilities from The Lloyd Johnstone (Bristol) Trust (see note 20). The property and financial investments have been recognised in these accounts as an expendable endowment, with income derived from the financial investments and any donations being recognised in the Lloyd Johnstone Trust Fund (restricted). This restricted fund is being used to fund the operation and maintenance of the property and occasional grants to mission organisations.

Local Care and Mission Fund (restricted)

This fund was established for the Trustees to make discretionary gifts to local mission and care projects and organisations. The funds arise from regular offerings at several of our congregations.

Needy Saints (restricted)

The Trustees have established a fund to be spent at their discretion on grants to those who are in financial hardship or particular need. Other members of church are invited to give into this fund.

Community Church Southmead ministry (restricted)

This fund arises from a restricted gift from a donor earmarked for sole use to expand and support the work and ministry of the Community Church in the Southmead area.

Woodlands East church plant (restricted)

Two restricted funds relating to the Woodlands East Church Plant have been created from gifts earmarked from donors for: - contribution (£17,000) to the wage of the salaried leadership team at Woodlands East. This funding has now been fully utilised. - wind down of the Chelsea Christian Centre (previous congregation) bank account earmarked solely for Woodlands East outreach and ministry (£12,000). This fund is being used to support some of the staffing costs to employ the Community and Family worker at East. Income into the fund this year relates to a donor gift to be used specifically for East outreach and a transfer of an offering held at Woodlands Central for the Woodlands East church plant.

South Africa GP Support (restricted)

This fund supports the work of one of our Global Partners working in South Africa. Income into the fund is derived from congregational offerings as well as individual support.

Sustainable Building Grant (restricted)

A decorbonisation project was carried out at Highgrove Church as part of its Eco Church status. This fund represents grants received to faciliate this initiative. Grant income in the year was £15,097 (£17,197 in total). The costs associated with this project were capitalised and the income transferred to the Fixed Assest NBV fund.

International Justice Mission (restricted)

This fund was created to facilitate income for, and grants to, IJM, an organisation that works to tackle the human trafficking trade. This year a Woodlands Church Family offering was held for IJM and transfers into the fund (£6,000) represent offerings from across the church family. The fund had an opening balance of £4,700 and a grant of £14,200 was made to IJM.

Uganda Mission (restricted)

This fund supports the work of one of our Global Partners working in Arua, Uganda. This year, a restricted legacy gift of £50,000 has been recognised in the accounts pertaining to a legacy restricted for use in Uganda by our partners.

Sunday Offerings (restricted)

Across the church, an offering is taken once a month during morning and evening services. These offerings are taken for the benefit of global partners serving overseas or for nationwide or city-based community care and outreach initiatives. Gifts are either sent directly to recipients from these funds or transferred to other funds as appropriate to their ultimate application.

46

WOODLANDS GROUP OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

19 Summary of assets and liabilities of each fund category

At 31 March 2026
Unrestricted
Free
Reserves
£
Tangible assets
-
Programme related investments
-
Mixed purpose investments
-
Financial investments
-
Cash, deposits and other current assets
1,003,809
Other current liabilities
(62,742)
941,067
At 31 March 2025
Unrestricted
Free
Reserves
£
Tangible assets
-
Programme related investments
-
Mixed purpose investments
-
Financial investments
-
Cash, deposits and other current assets
791,217
Other current liabilities
(64,790)
726,427		 Unrestricted
Designated
Funds
£
3,834,301
1,693,040
500,000
3,440,171
420,875
-
9,888,387
Unrestricted
Designated
Funds
£
3,561,884
1,951,040
500,000
3,272,743
308,809
-
9,594,476		 Restricted
Funds
£
-
-
-
-
230,794
-
230,794
Restricted
Funds
£
-
850
-
-
167,654
-
168,504		 Endowment
Funds
£
325,000
-
-
313,148
-
(690)
637,458
Endowment
Funds
£
325,000
-
-
297,815
-
(642)
622,173		 Total
funds
£
4,159,301
1,693,040
500,000
3,753,319
1,655,478
(63,432)
11,697,706
Total
funds
£
3,886,884
1,951,890
500,000
3,570,558
1,267,680
(65,432)
11,111,580

20 Donation of assets from the Lloyd Johnstone (Bristol) Trust

During the prior year, The Lloyd Johnstone (Bristol) Trust donated its assets and liabilities to Woodlands Group of Churches to enable the continuation of the work of that Trust upon its winding up. This activity relates to the provision of a flat for the short-term use of global partners returning from the mission field. This is now overseen by a small management committee on behalf of the Woodlands Group of Churches Trustees and Senior Leadership Team.

A summary of the assets and liabilities receivable at that date is below. The property and investment portfolio donated have been treated as expendable endowment funds in these accounts. The trust deed stated that the capital represented by these assets could be converted to income at the discretion of the Trustees, but has been maintained as capital until now to enable the continued funding of the ministry. The bank balance donated has been treated as a restricted income fund in these accounts called the Lloyd Johnstone Trust Fund. Any conversions of capital into income would also form part of this restricted fund.

Tangible assets (property)
Financial investments
Cash balances
Creditors (accrued investment management fees)		 Restricted
income
funds
£
-
-
25,696
-
25,696		 Expendable
Endowment
funds
£
325,000
295,452
-
(1,653)
618,799		 Total
funds
£
325,000
295,452
25,696
(1,653)
644,495

47

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

21 Prior year fund comparatives for the Statement of Financial Activities

Unrestricted
Free
Reserves
£
Income from
:
Donations and legacies
Offerings and donations
1,253,828
Assets from The Lloyds Johnstone Trust
-
Charitable activities
67,651
Investments
-
Total
1,321,479
Expenditure on
:
Charitable activities
Global Partnerships
34,600
City and Community Outreach
122,218
Gathered Church
377,160
Children and Youth Ministry
227,199
Student Ministry
127,897
Discipleship & Leadership Development
154,140
Pastoral Care
62,656
1,105,870
Raising funds
21,064
Total
1,126,934
Net gains on investments
-
Net income
194,545
Transfers between funds
(140,960)
Other losses
-
Net movement in funds
53,585
Reconciliation of funds
Total funds brought forward
672,842
Total funds carried forward
726,427		 Unrestricted
Designated
funds
£
44,177
-
187,395
237,064
468,636
60,393
59,828
60,663
102,805
35,793
30,623
15,705
365,810
-
365,810
55,883
158,709
141,813
-
300,522
9,293,954
9,594,476		 Restricted
funds
£
276,738
25,696
4,736
11,301
318,471
170,670
64,660
3,951
4,554
2,837
212
4,231
251,115
-
251,115
-
67,356
(853)
(95)
66,408
102,096
168,504		 Endowment
funds
£
-
618,799
-
-
618,799
-
-
-
-
-
-
-
-
3,562
3,562
6,936
622,173
-
-
622,173
-
622,173		 Total funds
2025
£
1,574,743
644,495
259,782
248,365
2,727,385
265,663
246,706
441,774
334,558
166,527
184,975
82,592
1,722,795
24,626
1,747,421
62,819
1,042,783
-
(95)
1,042,688
10,068,892
11,111,580

48

WOODLANDS GROUP OF CHURCHES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

22 Reconciliation of the Statement of Financial Activities to the Statement of Cash Flows

A.1 Receipts from Donations and Legacies
Donation of non-cash assets
Increase in debtors
A.2 Receipts from Charitable activities
Decrease in debtors
Decrease in deferred income and other creditors
B.1 Payments for Raising funds
Investment management costs met by portfolio
Increase in accruals
B.2 Payments for Charitable activities
Depreciation eliminated
Non-cash grant on charitable loans
Increase in prepayments and other debtors
Increase in creditors and accruals
C.1 Receipts from Programme-related investments
Increase in debtors
C.2 Receipts from Mixed Purpose investments
D.1 Receipts from Investments
Income from programme-related investments
Income from mixed purpose investments
Balance sheet movements
23 Analysis of changes in cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents		 Statement of
Financial
Activities
£
1,826,746
(250,000)
264,648
(23,236)
2,718
(1,895,698)
15,279
415
69,440
20,000
228,187
(69,440)
(20,000)
2026
£
369,569
1,171,091
1,540,660
2025
£
272,456
928,723
1,201,179		 Debtors
£
(39,501)
3,180
(10,623)
(1,373)
(48,317)
2025
£
272,456
928,723
1,201,179
2024
£
314,530
1,433,419
1,747,949		 Creditors
Cash flow
£
£
1,537,245
(4,564)
263,264
48
(20,470)
2,516
(1,888,111)
68,067
20,000
138,747
(2,000)
Change
£
97,113
242,368
339,481
Change
£
(42,074)
(504,696)
(546,770)

49

WOODLANDS GROUP OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2026

24 Commitments

The charity had no capital or non-cancellable lease commitments at the end of the current or preceding period.

25 Payments to Trustees and other related party transactions

Remuneration and benefits paid to Trustees and other related parties

Under the Memorandum and Articles of Association, the Trustees have the authority to employ or engage under a contract for services a Trustee or any person connected with a Trustee as long as certain conditions are met and procedures followed. Below is a summary of these payments and those made to other related parties:

Payments
for services,
Gifts and Grants
£
Year ended 31 March 2026
D J Mitchell
-
T J Dobson
-
D Roderick
-
Close family members of Trustees
925
Senior Leadership Team(if not included above)
-
Year ended 31 March 2025
D J Mitchell
-
T J Dobson
-
D Roderick
-
Close family members of Trustees
300
Senior Leadership Team(if not included above)
-		 Salary
from
employment
£
42,001
32,046
28,142
52,810
143,346
41,250
31,482
27,518
52,725
157,786		 Pension
costs
£
1,073
774
657
1,210
3,365
1,050
757
638
1,145
3,640		 Total
£
43,074
32,820
28,799
54,945
146,711
42,300
32,239
28,156
54,170
161,426

Close family members of Trustees comprises: D J Mitchell (son of D Mitchell), T Marsh (son of E J Marsh), D A Marsh (spouse of E J Marsh) and M Dobson (son of T Dobson).

The above disclosure of payments to Senior Leadership Team members comprises the following individuals who were not Trustees or close family members of a Trustee during the year: N J Savage, R Riddall, H C Thompson, J Saunders and M Smith.

R Riddall and N Savage, both members of the Senior Leadership Team and Key Management, are each in receipt of a charitable loan from the charity. The outstanding balance of the loans at the balance sheet date is £402,288 and £201,315 respectively. Both loans are secured on a property.

Donations from Trustees and related parties

The aggregate donations received from Trustees, SLT and related parties (including any related gift aid) were £70,602 (2025: £55,599).

Trustee expenses

No expenses were incurred in the current year by any trustees (2025: no expenses incurred by any trustees)

26 Company limited by guarantee

The charity is incorporated in England and Wales as a company limited by guarantee having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 towards the costs of dissolution and the liabilities incurred by the charity in the event of the company being wound up.

50