NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfleld Church Charit no. 1138812 TREASURER'S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
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 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 Pag• Report of the Treasurer Report of the Pastor Report of the Independent Exarniner Statement of Financial Activities Balan Sheet Notes to the Accounts 8-11
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfield Church TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Treasurer presents his Report and the church's Financ4al Statements for the year ended 31 March 2025. Name The name ol the church is Northwood Hills Evangelical Church {NHEC). a130 known as Fairfield Church. statement of Purpose The Pufpose of this church is to provide 8 centre for Chrislian fellowship. worship. prayer, witness, Bible teaching and evangelism in the vicinity of Northwood Hills and to give support lo Christian work in other places. The church also provides rtain financial as$i$tan¢8 in cases of need. Trustges The Ti'uste85 whose name3 appear on the Charity Commission reg1Ster and in whose name the properly of the Northwood Hills Evangelical Church is vested on behalf of the churd) are as follows.. Ja¢S(io Barton Paul Carey {resigned 19.5 2025) Milandeep Chander-Abraham Lesley Grallan Brian Ladd John Lau Paul Nellleship Howard White On behalf ol the Trustees, the Finance Committee hold overall responsibility for the financial adminislralion and management of the church. Ils membefs are-. John Lav Chair Howard White- Brian Ladd reasurer Flnancial Revlew Our total income grew by nearly 7019. allhough our unreslricled inc¢8 was marginally lower, with the increase in our lellings income offset by lower gifts from Ihe lellow$hip and our property rental income. The fellowship income de¢re35ed wilh lower one.off gifts and in our regular monlhly receipts. wilh Ihe consequenl108s of Gift Aid. The lelling income Came from new hirers, along wlh a rate increase. The reslricled gifts lo our mission partners and church member8 We sp3nificanlly higher thi& year. Our unfeslricled costs rose slightly thi3 year, with increased 8taff cosls wilh full year cos18 for our Youlh Worker, higher maintenance costs on our residential properties and high costs for our youth work. These wére offset by savings from lower utility and maintenance costs for our thur¢h buihling and the Ghurch away day. which did not take place this year. Our restriGted expendilure rose in line with Ihe InCaSed gifts, vthich were foThvarded to mission partners, church members and other charilable organisations, in lire with the gUanCe from our donors. This leaves us with a significant increase in our unr8Stricted re5eNes, which are now at 8 level which is higher than we feel is necessary, but in our budget for the year lo March 2026, there are a number of high valve item3 Ihai we expe¢l lo be funded from our reserves, rather than regular income. which would reduce the reserves lo a more approprlate level. The monies in our Property and Equiwent Fund are to cover htgh value expense3 on projects at Fairfield and our residential properties with a long term benefit. PwJe 1
NORTHWOOD HILLS EVANGELICAL CHURCH Also kftown as Fairfield Church TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Risk Managemènt The Finance Committee actively review the major risks which the church faces on a regular basis a1 have eslablished syslems lo identify and miligale any significant ri5k5. The Ministry Leadership Team are led on financial matters by Ikie Finance Committee, who regularly bring mallers lo their attention for their review and comment as necessary. In the opinior¢ of the Finance Committee, there is currently no element of the church's activities which constitute a signili¢anl risk. Fundfai51ng Policy The Charity does not use fundraising services, consultanlg or external professional fundraisers lo undertake any fundraising activities. Additionally, no dala is shared with or sold to any external sources. The Charsly invites individuals lo allend services and events bul does not exert undue pressure to allend or donate. 11 does not approach or pressure vulnerable people to support its work. Reserve Poll¢y The Finance Committee have reviewed the church's needs for rogee5 in line wlh the guidanc8 issued by the Charity Commisyion and believe Ihat the aim should be to mainlain a level ol unrestri¢ted reserves where they would cnver al least three months of the church's running costs. The level of reserves held a131st March 2025 is therefore considered to be adequate. The Property and Equipmenl Fund has been estsblished for many years, with annu81 allocations from the General Fund and it is used lo cover the co81 ol major high value projects with a long term benefit. Thi6 frjnd can be used lo Gover the eosl of major expendilure at Fairfield, as well as any of Ihe four residential propertie5 and for Ihe purchase for replacemenl and upgrading ol Ihe IT and AV equipment at Fairfield. Durlng the year, we have used monies from the Properly and Equipment Fund to cover the c05t of kitchen appliance8 al hvo of our residential properties, while 8t Fairfield, we have installed new external illuminated signage and bought new lectern. a unil for contsclless payments and a keyboard for the music team. Public 8eneflt Within the church's obieclives of advancing the Christian religion and education, when planning our 8¢1ivilies for Ihe year. the Trustees and Management Te8m have consKlered the Charity Commigsion's 9eneial guidance on public benelit. in particular, the specific guidance on charitses for the advancement of religion, and also how planned activities will contribute lo the aims and obje¢lives that have been Sel. The living out of 8 fruilful Christian faith expressed through love of neighbour and contribution lo local communilies and Wofkplaces has a major positive public benefit for all parts ol soaety and Ihose impacted by it. Going Concern The Trustees are satisfied that, wilh the leval ol assels held by Ihe church, it can continue as a going concern for a period of at least twelve months from the date of approv81 of these financial slatemenls. The Trustees also have a reasonable expectation that the Charily will have adequate re8ources lo continue in operation for the toreseeable future. As the Trustees look forward into 2026. we have assessed our main risk is that our membership may reduce, wllh people moving away from the area and othefs passing away. but we are confident that our regular income from our fellowship will remain at a similar level to Prior years. with much of our income received through regular standing orders and from new members joining the church. We have a150 seen an increased use of our church building by communily groups, which will bring an increase to our income, while our cosls are cafefully managed. Furthermo, we have previou81y seen Ihal when appeals are made to the church fellowship for addilional funds. these have been mel with a favourable response. Page 2
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfleld Church TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Appolnlment of Flnance Committee and Trustees Members of the Finance Committee are appointed by the Trustees . Trustee5 are sought and 8ppoinled by the Minislry Leadership Team of the NHEC, in conjunction wlh the Trustees. Flnancial Statements The Trustees provide their line and organise meetirwJs on a volunlary basis. without charge or cost lo the Ghurch. It is Iherelore considered there is no expenditure borne by the thurch attributable to governance in this respect. Responsibllltles for the Flnancl•l Ststementg The Charities Act requires the church lo prepare financial statements for each financial year which give a true and fair view of the slate ol affairs ol the church and of Ihe incom8 and outgoings of the church for that period. The Finance Commillee through the Chair and Treasufer, lead ihis activity and when this woth is done seek the approval of the Trustees for that work. In preparing those finarscial slalements. the Fina Committee are required to.. Seled suitable accounting policies and then apply them conssstently. 2 Make judgements and estimates that are reasonable and prjen1. Slato whether applicable accounting standards have been followed. subject to any material departures disdosed and explained in the financial statements. Prepare the finanLial statements on a going concern basis unless it is inappropriale to presume Ih8t the church will continue in operalion. On behalf of Ihe Trustees, the Finance Committee are responsible lor keeping appropriate aGcounling reGerds which disclose with reasonable accuracy at any lime the financial posilion of the church and lo enable them to ensure that the financial st8lemenls comply wth the Charities A¢1 2011. They a also responsible lor safeguarding the assets of the chsjrch and hence lor taking steps for the prevention and detection of fra] and olhw irr¢gularil*8. 4th January 2026 Trec)surer Page 3
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfield Church PASTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Our Vision". Falrfield Church. A Place to Belong. Knowlng Jesus 8 Maklng Jesus Known The agreed mission statements are.. In Roach - Cullivaling 8 family ol Chrisl-like p80ple based on love, a sense of belonging, mulual encouragemenl wilh everyone playing their part. Out Reach - Reaching lh8 local community with Ihe GcA)d news through prayer and building me8ninglul relationships. selfless serwce and inviting Ihem lo Gods family. Wide Reach- Being involved in God's global mission IhrDugh mobilising, praying, giving, infonning and encouraging. 11 has been a busy and encouraging year as we conlinued iMplentIj our fNe-year strategic plan. Membership currenlly sland5 at 103. While slightly reduced. we welcomed several newcomers, baptised two youths. and dedicated several young thildren. This ye8r's slrategic focus has been on In Reach (slrengthening prayer. discipleship, worship. and revising leadership slrucluresl. The Out Reach focus is now central. responding to both a changing church lageing and shrinking) and a changing communily (IncraSed diversity and economic need). Through teaching. meetings. suNeys, and workshops, we've soughi God's direction. The process has spaTked enthUa$M and CMmItMent acJoss Ihe fellowship, identifying many outreach opportunities and securing strong ¥olunteer support. Over monlhs and years ahead we look loard to Seeing these being implemenled and bearing fruit lincluding increase in people becoming Christians, being baptised. allending Fairfield regularly, bernIng members. increased giving and service within the fellowshipl- Stsfflng Ouf slaff team includes.. full-tsme Pastor (Paul Tanner), full-time Youth & Families Minisler (Michael Adesanyal, part-lime Church Operalion$ Manager (Candy Crane), and part-lime offi Adminislralor {Deni8e Smith., joined January 2025). Our ministries are powered by dedicated volunleers. Staff pfioritise Iraining. encouraging. and organising olhers to sèrve. Sunday SeIce3 are supported by ¥ix in-house preachers. multip18 service leaders, and four worship teams. Mlnlstries - Weekly ministries include:Sunday worship. coffee shop. Tiddlywid(s (babyltoddler group). youlh events and camps, ConneGI Groups, prayer meetings, midweek lellowghip. Bible studies, and services for those with learning dilficvllies Ibi-monlhlyl. Also men's and women's groups. lemily socials. and church lunches help build inlergenerational coniieclion and outreach. Global mlsslon - We are also involved with people diredy connected to our church who are living and working abroad in God's service. We provide fin8n¢ial support, sh8re their news. and pray for I1M guI6r1Y in our chsjrch services. Pastoral Engagement- P four-person team oversees p8$loral ¢are, ensuring tar9eled 8UPPOrt across the fellowshlp while equipping also supporting and encouraging the wider fellowship rnbers in caring for one another. We aim lo expand the team in the year ahead. Communlty Engagement- Fairfield's facilities remain In high demand by external groups such as U3A, Residenls Association, Kumon. NHS blood Clinics, and Hillingdon Council workshops. These partnerships strengthen local lies and generate valuable income lor church wotk. Summary - 2024125 has been a year of ectIOn, preparation, and renewed purpose. With strong fellowship engagement, we look ahead with faith antj excilemenl as we implement our outreach iniliatives. Paul Tanner Pastor Page 4
INDEPENDENT EXAMINER'S REPORT TO THE COMMITTEE ON THE FINANCIAL STATEMENTS OF NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfield Church We report to Ihe Trustees on our examination of the financial stslements of Ihe Charity for the year ended 31 March 2025. which comprise the Statement of Financial Activities, the Balance Sheel, and the related notes. This report is made lo the Trustees. as a body. in accordance with the terms of our engagement. Our work has been undertaken so that we might caTry out an Independent Examination of the financial slalemenls in accordance with Ihe General Directions given by the Charity Commissioners. To the lullesl extent permitted by law. we do not 3¢cept or assume responsibilily to anyone other It an the Charity and the Charity s Trustees as a body lor our or for Ihis report. Re5ponsibllltles and Basls of Report The Charity's Trustees are responsible for Ihe pparatIOn of Ihe accounts in accx)rdance with Ihe requiremènts of Ihe Charities Act 20111'lhe Acf). The Charity's Trustees consider Ihat an audit is not required for this year lunder se¢lion 14412) ol the Charilies Act 2011) and that an Independent Examination is required. We report in respect of our examinatson 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 applicable 'rectionS given by the Charity Commission under section 14515}(bl ol the Act. Independent Examlner's Statement We l)ave completed our examination. We confirm that no material matters have CA)me to our attention in connedion with the e.xamination giving us cause lo believe that in any material respeGI . accounting records were noi kept in respect of the Trusl. as required by section 130 of the Acl; or the accounts do noi accord th those records", or the accotjnls do not comply with the applicable requiremenls concerning the form and content of accounts sel out in Ihe Charities l AUnIS arKI Reports l Regulations 2008 other than any requirement that the accounts give a'true and fair vievl which is not a matter considered as part of an independent examination. We have no ¢oncerns 8nd have come across no olher mallers in connection with the examination lo which attention should be drawn in this feport in order to en81 a proper understanding of Ihe a¢nIS to be reached. N A RocKett lor and on behalf of ROCKETh & CO Accountants 16 Rickmansworth R¢)ad Northwood Middlesex HA6 1HA 4th January 2026 Page 5
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Falrfield Church STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2026 2024 Property & Equipment Fund General Fund Note Unrestricted Restflct¢d 8uildlng Fund Total Funds Total Funds Income Voluntarj Income Donalions, gifts and legacie5 Actlvitles for Generating Funds Receipls for use of premises and sundry other recoveries Investment In¢om6 Rental income and property expenditure reimburseiments Interest received 147,488 36.596 184.084 172,110 56,336 47,686 29,507 498 25,620 25,620 843 230,287 36.596 266,883 249.801 Total Income Expendltura Costs of raising funds Charila'.)le activities Olher expenditure 228,696 220,751 720 189,291 35.878 3.527 35,878 3,527 228.696 221.471 Tolal Expendlture Net Incomel{outgoln99) for the Yèar before tran$feTs 189,291 (3.5271 38,187 28,330 40.996 718 19.000 19.000 Transfer5 betw¢en funds Net Incomel{outgolng8} for the Year after transfers 21, 718 15,473 38,187 28,330 Balances brought forward 811 April 2024 Balances carrled I03rd at J1 March 21)25 1.391159 57,694 1,518.342 1,490,012 73,1b7 1.556.529 1,51 lJ,342 66,532 2,957 1,391,159 811.528 3,67b The notes on pages 8 to 11 form part of these financial statements. Page 6
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Falrfield Church BALANCE SHEET AT 31 MARCH 2025 2025 2024 Notè Fixed Assets 1,399.578 1,397,489 Tangible fixed assels Current Assets 9,924 65,541 82.697 158,162 6,357 64.818 51,394 122,569 Debtors Oeposil accounts Other bank balan5 Llabllltles: amounts falllng du• withln onè year 1.211 1,716 156,951 120,853 Nel CurreDt Assets 1.556,529 1,518,342 Net Assets Fund8 88,528 3.675 1,391,159 73,167 6,532 2.957 1,391,159 57,694 General Fund- unreslricled reslricted 11 Building Fund Property & Equpmenl Fund 1,556 529 1,518 342 The notes on pages 8 to 11 fomi part of Ihese financial statements. Approved on behall of the Trustees on 4th January 2026 and signed by.. L..L¢ .How8rd While - Treasurer Page 7
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfield Church NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policles Basis ol accounting The financial slatemen15 h8ve been prepared in aethance with ihe Stalemenl of Recommended PracliGe-. Accounting and Reporting by Charities preparing their accounts in accordance with Ihe Financial Reporting Standard 102'The Financial Reporting Standard applicable in Iho UK ar Republic ol Ireland,. The financial statements have been prepared vndeT the historical cost convention. a5 modified lo include Ihe valuation of land and buildings. Income Donalions, gifls and grthnls a credited to income when received. Income from recurring sources such as lettings and subscriptions Irom met)thr3 is recorded as and when it become8 due. Expendllure All expenditure is induded on an ac£ruals basis and all costs have been directly attributed lo one of the functional categories of resources eygended in Ihe Slalemenl of financial activities. Tanglble Ilxèd 488ets Depreciation is provided at the folloving rates in order lo te off each assel over its eslimated useful life as lollow8'. Furniture and equipment Depreci81ion18 not provided on the freeholdlgnd and buildings. 20% on cost Donation8, g1tt8 and l•gaclès Donalions, gifts and legacles are credited to the income when received. Donatlon¥ for capltal expendllure Donations received fof capital expenditure are ¢dIted lo income when received. The difference between ihe lolal donated and the cumulative depreciation charge relaling to the relevant assets is carried fowlard under reslricled funds. Equlpmenl Fund The fund crealed for capilal equ4)ment similarly only fleCts under expendilure the annu81 depreci91ion charge on relevant assets, nol the total cost. Fund A¢countlng The purpose of each fund ts set oul on page 2. th curreni activity and balanG8$ in note8 11 and 12 to the fin8nclal statements. Flnanclol In$trum9nts The charity only enters inlo basic financial iTr5trument transactions Ihat result in the recognition of financial assets and liabilities like trade arMI other debtors and creditors. They are initially recognised at transaction value and subsequently meagured at their selllement value. Entlty of the Charlty The charity is a public benefit entily. Page 8
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Falrfield Church NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Property & 2025 Equlpment Fund 2024 General Fut)d Unrestricted Restrtcted Total Total Costs of ralslng fund Charltable acllvlties Salaries, national insurance and olher staff cosls Visiting speakers Training. recruilmenl and seminars Mission support Special care. other gifts and support Youth work OutreaGh Catering Bibles. music and CD'S Subs¢riplions Clearsing and fefuse Church building insurance and utilities Premises ar equipment repairs and m3inlenanr Residential property mainlenance costs and ulililles Photocopying, postage. statsonery and office Telephone and inlernel .8undry Church week-end away Depreciation furniture and equipment Bank charges 91,456 91.456 84.708 250 893 53,915 1.900 1,640 2,648 602 612 35,650 3,000 2.918 1,845 423 180 2,450 2,133 12,800 14,191 17.686 1.993 1.292 391 612 71,528 35,878 2,918 1,845 423 180 2.450 2,133 12.80D 14,191 17,686 1,993 1.292 391 1,540 2,275 16,060 16,170 26,893 3,295 1,004 173 3,738 2,629 238 220.751 3,527 3.527 271 228 696 271 189,291 35.878 3,527 4 Other Expendlturo Professional fees 720 2025 2024 5 Total Expendlture Staff Costs Depreclatlon Other Costs Total Total 3,527 135,113 228.696 220,751 720 221,471 Charitable adwilies Other 90.056 90.056 3,527 135113 228,696 2026 2024 Employeès 77.114 1,216 3,558 81.888 ages and salaries Social security cosls staff pension corslributions 85,567 1.680 2,809 90,056 Average number of employees No employee &arned £60.000 or more. Page 9
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfield Church NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 7 Tangiblé Flxed Assets Land and Bulldlngs Furnlture and oquipffient Tolal ost or valuatlon Al 1 April 2024 Additions Disposals Al 31 March 2025 1,391,159 40,484 5,616 1.431,643 5.616 1.391.159 46,100 1,437,259 Accumulated depreclatlon Al 1 April 2024 Charge for year Eliminated on disposals Al 31 March 2025 34,154 3,527 34.154 3,527 37.681 37,681 Net book values Al 31 March 2025 1.391.159 8.419 1,399,578 Al 31 March 2024 1,391,159 6,330 1,397,489 The value placed on the church building by the project architects, HSD Building Consultants Limited, in March 1994 was £725,000, which exceeded the valualion and relevant land cosls previously included in Ihe accounts by £418,035. 2025 2024 8 Dèbtors Income lax recoverable 9,924 6,357 9 Llabllltlos:. Amount8 falllng du• wlthin one year Accruals and delerred income 1,211 1,716 10 Capltal Commltmenls and Contlngent Llabllltles There were no capital commitments or contingenl li8bililies at the balanck sheet dale. 11 General Fund - Re$trlctod Balaneo Movemènt Sn Resources Balance At 1.4.2024 Incomlng Outgolng At 31.3.2025 Christian work and support 2,957 36,596 35.878 3,675 12 Analysi$ of Nèt Assets Bètween Funds Tanglble Flxed Assets Nèt Currenl Assets 2025 2024 Total Geyeral Fund - Reslrlcted 3,675 3.675 3.419 General Fund - Unrestricted 88,528 88.528 63.520 Bulldlng Fund 1.391,159 1,391,159 1.391,159 Property Fund 8,419 1,399,578 64.748 156.951 73,167 1.556,529 60,244 1.518,342 Page 10
NORTHWOOD HILLS EVANGELICAL CHURCH Also known as Fairfield Church NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 Comparatlve informatlon Property & Equipment Fund 2024 Total Funds General Fund Unrestrlctsd R95trlcted Bulldlng Fund Income Voluntary Income Oonalions. gifts and legacies Activitles for Generatlng Funds Receipts for use of premises and sundry other recoverie5 Inveslment Income Rental income and property expenditure reimbursements Interest received 153,833 18.277 172,110 47,686 47,686 29,507 29,507 498 Total Income 231.524 18,277 249,801 Expèndlture Costs of raising funds Charitable aclivilies Other 8xpendilure 186,486 720 17.815 16.450 220.751 720 Total Expendlture Ngt Incomelloutgolngs) for the Year before transfer8 187.206 17,815 16,450 221,471 44.318 462 (16,4501 28,330 Transfers between funds Nèt Income for the Year after tran8f8rs 19,IXIO 25,318 462 2,550 28,330 Balance8 brought forward al 1 April 2023 Balancos carrled forward at 31 March 2024 41.214 2,495 1 391,159 55,144 1.490,012 6b,5J2 2,957 1,391,159 57.694 1,51LI,J42 Page11