NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
Charit
no. 1138812
TREASURER'S REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2024

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
CHARITY REGISTRATION
1138812
TREASURER
Howard White
FINANCE COMMITTEE
John Lau (Chair)
Howard White
Brian Ladd
TRUSTEES
Jackie Barton
Paul Carey
Milandeep Chander-Abraham
Lesley Grattan
Brian Ladd
John Lau
Paul Nettleship
Howard White
ASSISTANT TREASURER
Cathy Clark
PRINCIPAL ADDRESS
Windsor Close
Northwood Hills
Middlesex HA6 1 PD
INDEPENDENT EXAMINER
Rockett & Co.
Accountants
16 Rickmansworth Road
Northwood
Middlesex HA6 IHA
INDEX
Page
Report of the Treasurer
Report of the Paslor
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
9-12

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Treasurer presents his Report and the church's Financial Slatemenls for the year ended 31 March 2024.
Name
The name of Ihe church is Northwood Hills EvaNJelical Church {NHEC), also known as Fairfield Church.
statement of Purpose
The purpose of this church is lo provide a centre for Christian fellowship, worship, prayer, witness, Bible leaching and
evangelism in Ihe vicinily of Northwood Hills and lo give support to Christian work in olhef platLs. The church also
provides certain linancial assistance in cases of need.
Trustee8
The Trustees whose nanies appear on the Charily Commission register and in whose name the prop6rty of the
Northwood Hills Evangelical Church is vested on behalf of the church are a5 follows".
Michael Askew {resigned 23 November 2023)
Jackie Barton
Paul Carey
Mi18ndeep Chander-Abraham
Lesley Grallan (appointed 21 Mareh 20241
Brian Ladd
John Lau
Paul Nellle8hip {appoin18d 23 November 20231
Howard While
On behalf of the Trustees, the Finance Committee hold overall re8ponsibilily for the financial admini8lralion and
management of Ihe church. Ils members are.
John Lau - Chair
HowArd While - Treasurer
Brlan Ladd
Flnanclal Revlew
In the cUr￿n1 year, we have Seen the regular fellowship giving, induding Gift Aid, remain virtually stable. We continue lo
see a slgnifi¢anl increase in our income Irom lellings al Fairfield, wilh new regular users of the building and an in¢fease
n our Ghafge out rates and in a(Jdilion, we have seen an increase in our residential property incom8 following the completion
of our refU￿lshMent programme
Our reslricled income fell by £28.fJ)O, after the significant one-off gifts received last year were not repealed in the ¢urrent
year.
Our regular expenditure r08e by £8.(KJO, wilh maintenance on the church building and much higher utility Gosl$. as well as
costs associated wilh our off slte bi-annual fell¢)wship meeting. offsel by savings on our mission support, followlng the return
to Ihe UK of one of our long lem partners.
The reduction in our reslricled income ha$ led to a consequential fall in our reslrided expenses, together Ythh the
repayment of the funds held for the now Charity set up by one of our chur¢h members.
We have ulilised a further £16.000 from our Property and Equipment Fu￿1 to complele the recent upgrades of our
residential properties, with double glazing, carpets. decoration and kil¢kn equipment.
Our General ReseNes h.ve risen significantly to £66,000. but we expect these to be run down over th8 coming year, with
some high value projects to be undertaken during 2024125. Our Reslricled reserves are represented by money put aside lo
fund visits to our overseas mission partners as well 35 subscripllons lo our Toddler group to cover expense9, while the
monies in our Property and Equipment Fund are lo cover high value expenses on projects at Fairfield and our restdenlial
properties wlh a long term benefit.
Page 1

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Rlsk Management
The Finance Committee actively review the major risks which the church faces on a regular basis and have established
systems lo identify and mitigate any significant risks. The Ministry Leadership Team are led on financial matters by
the Finance Committee. who regularly bring matters lo their attention for their review and rommenl as necessary.
In the opinion of th8 Finance Committee. there 1$ currently no element of the (*urch's activities which constitule a
significant risk.
Fundral8lng Pollcy
The Charity does not use fundraising services. consultants or extemal professional fundraisers lo undertake
any fundraising aclivilies. Additionally. no data is shared with or sold lo any external sources. The Charily invites
individualg to allend services and events bul does not exert undue pressure lo attend or donate. 11 does not
approach or pressure vulnerable people lo support its work.
Reserves Pollcy
The Finance Committee have ￿vieWed the church's needs for reseNes In line wilh the guidance issued by Ihe Charity
Commission and believe that Ihe aim should be to maintain a level of unrestricted reseNes where they would cover at
least three monlh6 of the church's runnirvJ costs. The level of reseNes held al 31st March 2024 1$ therefore consid8￿d
lo be adeqvale.
The Property and Equipment Fund has been establi¥hed for many years. with annual allocations from the General Fund
and it is used lo cover the cosl of major high Value prqeds with a long term benefit. This fund can be used lo cover Ihe
cost of major expendllure al FaIrf￿k1. as well as any of the four residential properties and for the purchase for
replacement and upgrading of the IT and AV equipmenl al Fairfield.
During this year, we h8ve wmpS8ted the upgrade programme of our resMJential propertie$, wilh £14,000 spent on our
Windsor Glose maisonette coverin9 carpets. double glazing. kitchen equipment. curtains and decorating and £1,000 on
double glazing at our Seymour Gardens flat. There are no plans lo spend any signif￿ant expetvllture on upgrading our
properties in the Coming year.
Publlc Benefll
Within Ihe church's objectives of advancAng the Christian religion and edueation, when planning our aclivi16es for Ihe
year. the Tru81883 and Management Team have consKlered Ihe Charily Commission's general guidance on public
benefit, in particular, the specific guidance on charilies for the advanc£menl of rellgion. and also how planned activitie$
will contribute lo the aims and objectives that have been set. The living out of a fruitful Chrigtian faith expressed through
love of neighbour and ¢onlribulion lo local communities and workplaces has a major positive public benefit for all parts
of soclety ar*J those impacted by it.
Golng Con¢em
The Trustees are satisfied th81. with thè lèvél of assets held by the church, it can continue as a going concem lor a
period of at least Iwefve months from the dale of approval of these financial statements. The Trustees also have a
reasonable expectation that the Charily will have adequate resourcw to continue in operation for the foreseeable future.
As the Trust¢eg look fO￿ard into 2025. we have assessed our main risk is that our membership may reduce, with people
moving away from the a￿a and otheis passing away, bul wo a￿ confident Ihal our regular income from our fellowship will
remain al a similar level to prior years. wth much of our income received Ihrough Tegular standing order8 and from rsew
members joining the church. We have also seen an increased use of our church building by ¢ommunity groups. which
will bring an increase to our income. while our costs are carefully managed. Furthermore, we have previously seen thal
when appeals are made lo Ihe church fellowship for addilional lunds, thes8 have been mel with a favourable response.
Page 2

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Appolntment of Flnance Commlttee and Truslees
Members of the Finance Committee are appointed by Ihe Truglees .
Trustees are soughl and
ppoinled by the Ministry Leadership Team of the NHEC. in conjunction wilh the Trustees.
Flnanclal Statements
The Trustees provide their lime and organise meelings on a voluntary basis. without chafge or cost to the church.
It is Iherefore considered Ihere 15 no expenditure borne by lh& church attributable to governance in this respect.
Responsiblllt188 for the Flnanclal Ststsments
The Charilies Act require8 the chLErch to prepare financial slatemenls for ea¢h finanaal year which give a Iwe and fair
view of the slate of affairs ol the church and of the ine£)me and outgoings of the church for Ihal period. The Finance
Commillee through the Chair and Treasurer, lead this activity and when this work is done seek the approval of the
Trusle6s for that work. In p￿ParIng those financial statements, the Finance Committee are required to..
Select suitable accounting poliueB and Ihen apply them consi$lenlly.
2 Make judgemen15 and estimates Ihat are reasonable and prudent.
3 Slate whether applicable accounting standards have been foll¢)wed, subject to any material departures
disc108ed and explained in the financial siatemenls.
Prepare the financial slalemenls on a going concern basis unle89 it is in•ppropriale lo presume that th8 Ghurch
will continue in 0￿ration.
On behalf of the Trustees. the Flnance Committee are responsible for keeping appropriate accounting records which
disclose with reasonable accuracy al any time the financial position ol the church and lo gnable Ih8m lo ensure Ihal Ihe
linan¢ial slalemenls comply with the Charilies Act 2011. They are also responsible for 58feguarding the assets of the
church and hence for taking steps for the prevention and detection of fraud and other irregularilies.
Howard While
T￿asurer
8th December 2024
Page 3

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairlleld church
PASTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Rèport on the Aetivltle¥ of the Church
It has been a busy year for Fairfield Church as we conlinue lo develop and implement our five year strategic plan lo fulfil
our vision - A Place to Belong, Knowing Jesus and Making Jesu8 Known. Currently. the church has 105 members. with
some members moving away and another passin9 away. and we have been excited lo welcome several newcomers ir¢lo
our fellowship.
Over the past years, we have focused on several key strategic priorities to fulfil our vision, including nurturing understanding
and ownership of our vision and mission, enhancing the quality of our morning seNices and welcome, strengthening our
children and youth ministry. deepening yayer and discipleship, improving pastoral care, and building up our SUPPDrt
services Ilinance, administration and our buildings and facilily management). Otsr leadership and ministry teams have
been actively working on Ihose areas, and we have seen significant changes, although some area9 remain work in progrèss.
In the next 12 months, we will shift our focus lo other priorities. such as leadership structures. outreach, wortd mission and
worship. Our ministries ha'e continued across all areas during this time. and we a￿ immensely grateful lo everyone who
seTves faithfully and sacrificially.
Fairfield Church has deployed its resou￿8 towards the purposes of a local church as follows:_
al Stafflng
In August 2023, we welcomed our new Family and Youlh Worker, Michael Adesanya. His role is broader than Ihal of our
previous youth worker, now coverin9 ove(sight of all our childrén's minislri¢s and emphasising engagement with the
parents and earers of young people lo provide holistic care.
Our full-time Office Manager, Candy Crane, Iransilioned to lh8 rol8 of Church Operations Manager in January 2024. taking
on the role of managing the smooth running of all church operations (human and physicall and to coordinale all related
operational and administrative task8. We plan lo recruit a paid slaft member or bring in volunteers. lo take on the day-to-day
office admini8lralion support responsi￿.1111es in the coming months.
Our church runs numarous activities Ihanks lo the dedication of volunteers throughout the year. A key role of the full-lim8
staff is not just lo carry out tasks. but to train, develop. encourage and organise others lo contribute. Our Sunday $eNicè$
are managed by a leam of slx In-hou8e preachers, several service leader8 and four team$ of musicians.
b) Mlnlstrlè•
Adv8ncing God's Klngdom Involves both staff and volunleers providing opportunities for people to explore the Good News
of Jesus Christ. Alongside our weekly Sunday morning seNice. we run a range of regular ministries throughout Ihe week
and year. includlng a coffee shop, Tiddlywinks lour baby and toddler groups), open youth aclivilies, bl-monlhly services
for those with learning difficulties, mid-week Connect GToups for studying the Bible, prayer and p8sloral support. a women's
Bible Study, a midweek fellowship group as well as weekly and monthly prayer meetings. We have Introdu￿d lermly
Cross-generational soaaS events to slrenglhen relationships across the age ranges and provide opportunilies lo invile olhefi8
from oulslde Ihe church community. These evenl8 are designèd to be fun and interaclive.
We are also involved with people directly connected lo our church who are living and working abroad in God's service. We
provide financial support, share their news. and pray for Ihem regularly in our church services. This year. we were
especially blessed to have several of them visil us from their places of ministry as far afield as Uganda. Mexico, Argentina
and France.
c) Pastoral Engagement
A key aspect of caring for our community is pastoral ca￿. In the past year our team, Currenlly four ¢hurch members under
the Paslorfs leadership. h88 focused on expanding the team's capacity and enhancing the effectiveness of our processes
to provide better care and ensure no-one is overlooked. We have shifted ffom being primarily ￿actIVe to a more proactive
approach, which is bearing fiuit, wilh many levels of support offered across the fellowship.
Our care includes providing practical SUPPK)rt on a short-tem and emergency basis. induding small finan¢lal gifts and loans,
AddilionalSy we offer emotional and spiritual support through face-ttrfa￿ and phone ￿nversatIOns, assi81ing people
access help from external agencies and praying for each other.
Page 4

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
PASTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
Report on the Activltles of thè Church Icontinued)
d) Communlty Engagement
Beyond our ministries aimed #t serving aNJ engaging with the k)cal community. Ihe Fairfield building continues lo be a
popular venue for external groups. These groups include U3A, Kumon tutoring. NHS blood donatson clinics. and
Hillingdon Council's "Heallh and Flexibility" workshops. among others. These activities provide wonderful opportunities
lo build relationships with the wider community, as well as generating an important revenue stream to support the work
of the church.
In summary, the 2023124 financial year has been eventful for Fairfield. especially wilh the ongoing strategic plannlng
process. The next year should see further slialegic develoFKnenls imp16menled. and we look foN4ard to ￿flectIng on
and reporting the imp8cI of these in next yearfs report.
Paul Tanner
Pa81or
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE COMMITTEE ON THE FINANCIAL STATEMENTS OF
NORTHWOOD HILLS EVANGELICAL CHURGH
Also known as Fairfleld Church
We report to the Trustees on our examir¢ation of the financial statements of the Charily for the year ended 31 March 2024.
whid) ¢ompr¢se the Statement of Financial Activities. the Balano Sheet. and the related note3. This report is made lo the
Trustees, as a body, in accordance with the term5 of our engagement. Our work has been undertaken so that we might
carry out an Independent Examinalion of the financial slalemenls in accordance with the General Directions given by the
Charity Comm￿sSIOn8Ts. To the fullest exienl peTmitted by law, we do not accept or assume responsibility to anyone
other than the Charity and Ihe Charity's Trustees as a body for our work or for this report.
Rè8pon8lbilltles and Ba818 of Report
The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements ol Ihe
Chafilies Act 2011 {'the Act'l. The Charity's Trustees consider that an audit is not required for this year (under section 144121
of the Charities Act 2011) and that an Independent Examination is required.
We r6POrt in r8$pect of our examination of Ihe Trust's accounts carried out under section 145 of the 2011 Act and in carrying
out our Examination we have followed all the appliGable Directions given by the Charity Commisslon under section 14515)Ib)
of the Act.
Independent Examlnèr'8 Ststement
We have completed our examination. We confimi Ihat no material matters have come to our attention in connection wilh the
examination giving us cause to believe that in any malerial respect .
accountlng records Y￿re not kept In respect of Ihe Trust, as requlred by section 130 of the Act., or
th6 accounts do not 8￿rd with Ihose records: or
tha accounts do nol wmply with the applicable requirements Con￿rning Ihe fomi and cnntenl of accounts
Set out in the Charities l Accounts and Report81 Regulations 2008 other than any requirement that the accounls
gSve a 'truo and faif vlew vthich is not a matter considered a8 part of an indepandenl examination.
We have
be drawn
concerns and have come acro8$ no other matters in connecllon with the examlnalion to whlch allenllon should
nthisr
rd8r to enab
proper understanding ol ihe accounts to be reached.
N A Ro¢kell
for and on behalf ol
ROCKErr & co
Accounlanls
16 Rickmansworth Road
Norihwood
Middlesex
HA6 1HA
8th December 2024
Page 6

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Property &
Equlpment
Fund
Genernl Fund
Note Unrestrl¢ted Restricted
Building
Fund
Tolal
Funds
Total
Funds
Income
Voluntary Income
Donations, gifts and legacie5
Activltles for Generatlng Funds
Receipts for use of premises and
sundry olh8r recoveri85
Invèstment Income
Rental in¢ome and property
expenditure reimbursemenls
Interest received
153,833
18.277
172,110
199,937
47,686
47.686
32,292
29,507
498
29.507
498
14,463
434
Totsl Income
231,524
18.277
249,801
247,126
Expgndlture
Costs of raising funds
Charitable activities
Other expenditure
186,486
720
17,815
16.450
220,751
720
285.987
2,100
Tolal Expondlture
Net Ineomelloutgolngsl for the Year
before tr•n8fer8
187.206
17.815
16,450
221.471
288,087
44,318
462
{16,4501
28,330
140,9611
Transfers between funds
Net In¢omelloutgolng$) for the Year
after tran8fers
19,0
19.000
25.318
2,550
28,330
(40,9611
Balan¢es brought foNard
al 1 Apdl 2023
Balan¢6s carrled lorward
al 31 March 2024
41,214
2,495
1391.159
55,144 1,490.012 1,530 973
66,532
2,95T
1.J91,159
57.t•94 1.5115,J42
1,490,U12
The notes on pages 9 10 12 form part of these financial 8tatements.
Page 7

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known a8 Fairfield Church
BALANCE SHEET AT 31 MARCH 2024
2024
2023
Note
Flx&d A88•18
Tangible fixed assets
1,397,489
1.398,354
Current Assets
Debtors
Deposit accounts
Other bank balances
6,357
64,818
51.394
122,569
6,453
64,440
32,087
102,980
Llabllltles: amounts lalllng due wlthln one year
1,716
11,322
Not CurrentA58ets
120,853
91.658
Net A88ets
1.518,342
1,490.012
Funds
General Fund- unrestricted
reslricled
66,532
2,957
1,391,159
41,214
2,495
1,391,159
55,144
11
Building Fund
Property & Equpm8nl Fund
1.518,342
1,490,012
The noles on pages 9 10 12 form part of these financial slalemenls.
Approved on behalf of Ihe Trustees on 8th December 2024 8nd signed by-.
Howard White - Treasurer
Page 8

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Accountlng Pollcleg
Basls of a¢tountlng
The financial slalements have been prepared in accordantk with the Statement of Recommended
Practice.. A¢counting and Reporting by Charilie3 preparing their accolfnts irt accordance with the
Financial Reporting Standard 102'The Financial Reporting Standard appllcable in the UK and
Republic of Ireland,. The financial statements have been prepared under the historical cosl convention.
as modified lo include the valualion of land and buildings.
Income
Donations, gifts and grants are credited lo income when received. IncomÈ from ￿curring sources
such as letlings and subsciiplions from members is recorded as and when it becomes due.
Expendltur•
All expenditure 15 included on an accruals basis and all cosls have been directly attributed to one
of Ihe funcllonal calegories of resources expended in the statement of financial a¢tivilies.
Tanglble flxed as•ets
Depreciation 18 provlded at the following rates in order to write off each asset over its eslirn8ted useful Ilfe
as follows..
Furniture and eqvipmènl
20% on cost
Depr8cialion is not provided on the freehold land and buildings.
Donatlons, gllts and lèga¢le8
Donotlons, glfts and legaci88 are credited to the income when received.
Donatlono for capltal exp•ndlture
Donallons re¢8lved for capitsl expermlilure s￿ credited to income vthen received.
The difference ￿tWeeft the lolal donated and the cumulative depre¢ialion charge relating to Ihe relèvant
assets Is carried foTrtsrd under rèstricted lund8.
Equlpment Fund
The fund Created for capital equipmnl similady only reflects under expenditure the annual depreGiation charge on
relevant asset5, not the tolal cost.
Fund A¢¢ountlng
The purpose of each fund is set out on page 2, with Cur￿n1 adivily a￿1 balances in notes 11 and 12 to the financial
statemènts.
Flnanclal Instruments
The Gharity only enters inlo basic financial irtstrument transactions that result in the reGDgnition of
financial assets and liabilities like Irade and olher debtors and credÉtors. They are initially
recognised at transaction value and subsequently measured at their setttemenl value.
Entity of the ChaTIty
Thè charity is a public benefit enttty.
P89e 9

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2024
Proporty &
Equlpm&nt
Fund
2023
General Fund
Unrestrlcted Restrlcted
Total
Total
Costs of ralslng funds
3 Charltsble actlvltles
Salaries, national insurance and other staff costs
Visiting speakers
Trainlng, recrlfilment and seminars
Mission support
Speci81 Gare, other gifls and support
Youth work
Outreach
Catering
Bibles, music and CD'8
Subscriptions
Cleaning and refuse
Church building insuranee and utilllies
Premises and equipment repairs and maintenance
Re8idential property maintenance costs and ulilitie8
Photocopying. p051age, stationery a￿1 offic
Telephone and intemel
Sundry
Church week.end away
Depreciation- furnilure and equipmenl
Disposals
Bank charges
84,708
250
893
36,100
1.900
1.640
2,648
602
84,708
250
87,066
769
96,577
1,626
827
2,285
529
170
982
1,738
9,812
12.775
63,435
3,006
1,680
17.815
53,915
1,900
1,840
2.648
602
180
1,540
2.275
16.060
16.170
26,893
3,295
1.540
2.275
16,(￿0
16.170
13.072
3.295
1.004
173
3,738
13.821
173
3.738
2,629
2,629
2,624
(2001
288
285,987
238
186,486
238
220.751
16,450
4 Other Expendltura
Professional fees
720
720
2,100
2024
2023
5 Total Expendlture
Staff
Co8t8
Oeprecl¥tSon
Other
C08ts
Total
Total
Charllable actNities
Other
81.888
2,629
136,234
720
136,954
220,751
720
221,471
285,987
2,100
288,087
81,888
6 Employees
2024
2023
Wage5 and salaries
Social security costs
Staff pension conlribulions
77,114
1,216
3,558
81.888
80,685
1,354
3.124
85,163
Average number of employees
No employee earr￿ £60.000 or more.
Page 10

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Fairfield Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Land
Furniture
and
and
Bulldlngs
equipment
7 Tangible Flxed Assets
Total
Cost or valuation
Al 1 April 2023
Additions
Dispo881s
At 31 March 2024
1.391.159
38.720
1.764
1,429,879
1,764
1,391.159
40.484
1,431.643
Accumulated dopreclatlon
At l April 2023
Charge for year
Eliminated on disposals
Al 31 March 2024
31.525
2.629
31.525
2,629
34.154
34,154
Net book values
Al 31 March 2024
1,391,159
6,330
1,397,489
At 31 March 2023
1,391.159
7.195
1,398,354
The value placed on the church building by the project architects. HSD Building Consultants Limited, in March 1994
was £725,000, which exceeded the Valuati￿ and relevant land costs previously induded in the accounts by £418,035.
2024
2023
8 Dobtors
Incom6 lax recov8rabl8
6,357
6,453
9 Llabllltlos:. Amounts falllng duo wlthln one year
Accruals and deferred income
11,322
10 Capllal Commltments and Contlngent Llabllltles
There were no Capital commitment8 or contingent liabililies at the balanc￿ 8heet date.
11 General Fund - Rostrlcted
Balance
Movement In Re8our¢es
Balan¢8
At 1.4.2023 Ineoming
Outgolng At 31.3.2024
Christian worl( and 8UPPOrt
2.495
18.277
17,815
2,957
12 Analyfjls of Net Assets 8Ètween Fund
Tanglble
Flxed
Assets
Net
Current
A8Sfrt8
2024
2023
Tolal
General Fund - Restrlcted
2.957
2,957
2.495
General Fund . Unrestrfcted
66.532
66.532
41,214
Bulldlng Fund
1,391.159
1,391,159
1,391,159
Property Fund
6.330
1.397,489
51,364
120,853
57,694
1.518,342
55,144
1,490,012
Page11

NORTHWOOD HILLS EVANGELICAL CHURCH
Also known as Falrfield Chur¢h
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Proporty &
Equlpment
Fund
13 Comparatlve Information
2023
Total
Funds
Gèneral Fund
Unrestricted
Restrlcted
Bulldlng
Fund
Incom@
Voluntary Income
Donations, gifts and legacie$
Actlvltles for Generatlng Funds
Receipls for use of premises and
sundry other recoveries
lftvestmont Income
Rental income and property
expenditure reimbur8emenl8
Inlerest received
152.933
47.004
199,937
32.292
32,292
14,463
434
14,463
434
Total Income
200.122
47,004
247,126
Expendltura
Costs of ralslng funds
Charilable activilies
Other expenditure
178.836
2,100
54,577
52,574
285,987
2,100
Total Expendlturo
Net IncomellOutgolng8)
for the Year belore trnn8fer8
180.936
54,577
52,574
288,087
19,186
{7.573)
(52.574)
(40,961 >
Tran8f•r8 betwèon funds
Net In¢ome for thè Year
after transforn
19,250
19,250
{64)
(7.573)
(33,324)
(40,9611
Balances brought foNard
at 1 April 2022
88lanceB carrled forward
at 31 March 2023
41,278
10.068
1391.159
88,468
1,530 973
41,214
2.495
1,391,159
55,144
1.490,012
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