REGISTERED CHARITYNUMBER: 11113 REPORTOF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER2023 FOR HIGHFIELDS CHURCH MHA Elfod House Oak Tree CDUrt CBrdrff Gate Buslne85 Pa CARDIFF CF23 8RS
HIGHFIELOS CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 Pag• Report tsf thè Trustses Indep•ndènt Examinerfs Report Statsment of Finanelal AcUvltEes Balance Sh¢¢t 10 Cash Fl¢)w Statsm•nt Notes to thè Cash Flow Ststement 12 Notes to the FSnanclal Statsments 13 10 23
HIGHFIELDS CHURCH REPORT OF THE TRVSTEE8 FOR THEYEAR ENDED 31 DECEMBER 2023 The tru$tao5 pre¥ert Iholr reportwlth the flnanclal 8tstem8nls of Ihe Charity fvrlho porioy ended 31 Dfjcember2023. The tW5tees have adopt8d the provisions ol A¢¢ounbng al Reportlng by Charfles.. Slalefflent of Re¢ofnmend¢d Plac0 appll¢able to d)arfl$ preparlrvJ their 8coJunts In awordan¢8 with th8 Financial ReporUn9 Standard 8ppllcAbko In lh8 UK ond R8pubNc of Iraland IFRS 70211offacttve t January20191. 08JECYIVES AND ACTMTIES Charftable objects The purwses ctlho ehurch are: ThE advanegTnBnl of thg ¢hrf$Uan flth In a¢GordanTr lih the Ba$ls ol FaRh prfmarfty tsJl not excTu8fvely within CBrdlff and th6 ¥ur¥ounding ftelghbctheod,. ond Su¢h other ¢haritable purposas Bs $hall, In tho oplnlon of tha ehstlty tru8teg$, Put Into prath¢o th8 Christlan lalth In accordan vAtt) the Basi5 of Fth. Indudlro bul ntlt Wmited to-, th8 prevention and rellef of nefjd. hord5hip and 6kkness.' lh8 8dv8rKem9nt of education., and th8 provL81¢)n of fathues In the Intorests ot sod W8llarg for re¢r88tson or other l6Ssure Ilm8 occupoUon ol IndlvEdu8ls who have n09d Df fa¢llldgs by r8asCn of thelr youth, age Inflnnlty or dsablllty, flnartlal h8rdsFAp or sodal cjrcumstances the object of Improvlng thdr¢onrliticns of Ilfe. The chartty obJ&cfve and prlnctpal conilnuas lo be the promotbn of Chrfsllanlly. 7h8 object18 m8t throuu the operation of a Church and its 88$oclaled 8eifwlies Euch 8s Sundoy Services, WeeYUbs and acliitKs f¢X cNldren of a ag85 as wsll as 8ludent¥. Intematlonal&arrd 14dar members of the MmUnIty. Publ1¢ b¢ngfit Th& organlsgtion's trustee5 can confirm that Ihey hav8 gen due r8gard to pubEc beneftt guldance publlshod by th8 Chartty Cornmlssl¢n. s19rficant that we undortook dUrn9 the year that dernonslrala pubttc bangfil gre sel out n tha foHo¥%lng pagos. Ae¢ivW8$ Wo run a whole rang8 of 8Clfve9 lor 811 aga$ In Highfialds Church. One Df Ihe most popular way5 In kh we seN the k81 commcnity is through our p4¢hO01 groups, whith run on Thursday momlngs (fIddlnks Parent & Toddler Group). Many paren15 & carer$ from the local wmmunlty (most of whom are non-Highfields farn1•$1, oxne 8kn9 th thk8lT pre-schoolers and enjoy t2ng part In these ectlvllies. 8nd rnang frlend$. We heve also been part of the cncIl Flylng Stsrt Inluauvp, whloh u58$ our prernlses. Other group5 frotn Ihe community h&v6 mad& Tnore us8 of our premi$e5 In the r&cant months. and we are In di5CU55Fons with others to rent Dalton Street on a We6Y basi9. Wedne8day Klds Club lor pwlmary age Is lull to c3p¥ity. and our Edge and Gen groups on Frfday for Compreh8nslv6 age chlklron Is afsovery busy on e Frld8y night with over 80 teenagets attendlTrJ the both groups. We fxnlnuo to have ox¢ell¢nt rewonships a numbor of lacal pdmary sndary Sthods whore we are regularly Invited in to tske assembl&s and Inwt into reli9iovs ediKaUon lessons es part of the Matjonal Currlculum and 8150 host local 6choo15 Chri8tmas ¢on¢ert5. Many local chtldren com8 along to cT waekty dubs, wkh 1S0 of mor8 attanding th6$padal holday etubs laFJno placo In ihe sthool holklays. Hl9hfields wns a slgnifkant mlnlsty for Internationals In Cardlfl., we hold womon'£ Engllsh Convorsallon aas$eG on Monday and Tuesday Bnd lhe ts also a Worn8n¥ S&wing c8$ held overy Monday n¢hIM8. Evgry kn months on InlmaUonal Famllles event Is hgld whl¢h Includes Intemalonal food Bnd gam98 for the chlldm, 8nd sn aver4ncroaslng mlnbty Invomng chlldr•n wlth Adthllonal Need8 has started lo be more 8ignlfi¢aTrl In tem8 of number5 of allwdaes. Wg also provklg oppothnltlas for Intomatton8ls lo find out r$70Tg about the Chrhtlan laSth knfouoh a wggkty study. held on an evening. On Sundays we Nn an Inlomaitr)n41 Lunch that l¥ 4)8clfically olmtrd at IntamaOnaI Strthnts, but ak InlemaODnal$ erg welcorro. Each yoar wo take knlematiunals on 8 W8gkend Away, and thls Is being Testarted In the fuiure. We alsts havo Sn intlux of Hong Koro Chlnese resettled sn Cardiff arxl groups speclflcally for Ihem have been Inltiaied. and are CL)nllnuing. W6 continug lo re8ch (xrtto students attendlftg Ihe loGal Universie and wr 8tudenl mlnFelry Mntiwes to be bjsy. with a Signeant nLmbor of sludents attending the church. Page 1
HIGHFELDS CHURCH REPORT OF THF TRUSTEES FOR THE YEAR ENDED 31 DECEIABER 2023 Actltle8 The Dalton Slre8t C8ntr8 is Used E>y Hlghflolds for olh6r mlnlstrles. such as work wllh studen19 and IntemaJonal8, though11 Is now too small for some of Ih85e a¢ttvlVe8, so they have mowd to Ihe n7aln slla. 8TrJ wg have seen an increase In attendancg atlhese mlnlsty a¢tiwtl&s In 2023. Wg also Jun a very popular weekly coffee momlng on Thurnclays, whl¢h16 attended by peopla of su ages frDm the lo1 ¢ommunlly as well as msrnb8rs of the hfleId8 (J)urch congregation. Sp8eIllc outreach aelvllles, 6uch 8$ a Chrlsuardty Explored Cour88 br Ihts8 Vrt)o wlsh to flkxl oul moro about the Chrisuan fallh arg from Highflelds Chuh. and we regularly hold events or services partkusady almed at non4histians, where thay Can find oul mDfE. In addrb'on. we BL80 work wlh oth8r organlsations to prode a vari8ty of 8ethltt83 for Ihe bcal communlty. Th15 Includes adult UcatIon arl ¢lasses and dance d4ssss, and u$e olthe wgmlses IDr eleBUons. Voluntoors The charty's different 8CtFWttI?8 arg run malnly by vobjntaers, many ol whom are membBf5 orth# churth. Altnost all the acUvilie5 run at P9h9js would noÉ be p0Sble wlilKJUt the knput of 0ner8 on 8 w88kly ba8FB. Thls.Intrlude$ peopl& nniw and helping wlth the dubs and acthrillgs tor chlklren rf all ages, as weN tts Ihe groups durfng the week lor studants, Inlemallonds, church m8Mbprs and bn9 availablefor exlam81 hirers. We 5130 have voluht88r8 who man th& recgpuon éssk ond help In the diurch office. Ther8 are over 150 peopSÈ vtho week by week help kn1h these activtties. glvlng up 2 ¢r mcye hours of thalr tim8 wery week. AGNIEmEmrAND PERFORMANCE Charltsblè BGtlvltle$ Dudng 2023 wg have continued to make It a priority to wdrKJmg new people and Inl8grntB them hlo Ihe15fe orth¢ thurch snd hav8 ¢nu our focu8 on ancour89lng peop to loin of small groups that m68t8 regularty tO9ether br Study, prayer and fellow8hlp at vaAous lo¢allons •¢r05S the city. W¥ have over 20 small groups ihat mogt together w8ekW I thls wrp058. as well as our 20s mlnistry, where up to 80 pBople in thdr20s rn28t logeth8rwe8kty In order Io 8tudy G)d'8 word and enoourage onè anothèr In thdr faith, Throughout the year we run we6kW dub5 for children agod 418, the$0 aro open to thp CDMfflUfy a5 w•1 as churth famlli85. and we COnnUe to 58e regular aitendanca of over 2C¥) chlldren and young peopb. In addlvon. our summer hollday club ottracls closè to 200 Ghllér8n. DuiiNg terrn tlme wo r8gularty se8 about 120 $ludeThl$ attending IhB chureth on • Slmday, *th abt eo-90 of these rggularty 8tt8ndlng BSbl@ Study groups durfng the week, There 8re a sm811 number of thgm who meet up th rther rnembers of Ihe Church In the we&k. trj study the Blbfe And pray iogeiher. Thls Is a red 8ncouragem&nt lo lh8 Students, as th&y fa the ¢hallenge5 of unlv6r5tty fe. Thg Students are also eat at gBtbng involved In sfrrvlng In vAder ¢hurGh mlnistsl¢$, swh as CNkJreu'$ & Youth Wor Th8 b)18mallonals l&am ntInUeS to have links th over 30 Int8mattonals, many of 0M come al)ng to ong or morg of th8 w88Ky activlt18S. The popularity of our English Conv8r5atton Clas88s for wornen Mondays and Tuesdays ¢ontlnues to grow, lasst 50 Btudents lft 5 dlff8ront level groups taktng pkca on b)th day5. A CFèche Is also wovided to onablg the molher8 to SdY wllh 2$ pr64¢hool ehildren r8gist?r¢d. Th13 18 in adOn to the cla$$as that takB plac& for any Tnernkrs ol the communlty on ThsJrnd#y evenlng5. The Dther comrnunty activit'es that lake place at HSghfiefds continue to see 5UBtained even 4ncreased Interest. Art asses lline Nnnlng on Wednesday rnomlng3, and Frfday mornlngs anEf aftemoons throughout the terms, with 15.20 attendlng each sesslon. As ever, th8 buNdlng Is regularly used lor Children's Partl8$, and we >pe to continue to welcom8 schw1$ knlo our premlses for spec4al ev8nts such 88 carol concerts or end of year senrfces, We also vlslt schools and take cth$es at Easter and Chrlslmas, and ot other occ8slon8 throughout the year. They flnd our premls¥s lo b0 the right size for 6$e types of avants and many of jh8 famill85 have Ilnks thg church Ihrough chlkjren attendlng tho chui¢h or Blub8 an that ¢8k8 place her8. Pagè 2
HIGHFIELDS CHURCH REPORT OF THE TRVSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Stratsgt8$ forAlms Oblodlvo$ We continue Io Seek to further the AThms of the org8nL8alion, by nn(Ing the wrrenl pr8cUc8 of prodamation ol tha Gospel. at large gathen9$ on e Sunday, and bu11n9 r8laUoThships wh others through Ihe varlety of Small groups that oper¥l8 during the weak. Further, Inrtlal contact wllh th¢se not known to us Is wughl by enebfing aocess lo community groups stth as 3 C's, Hnd chllthtyn lated activiues such as parent and toddl&r gmup5. s0 openlng the bulldSng lor outside hir8, such 88 Art classes, help5 g•t us reccgnition th1Th the cornmunlty. W& alm lo conflnu8 to do Ihk% and wlll Ige the 8ffectlveness wiui increased engaggmont fir)m thos&, both wlthln and wlthoul who PreO¥1Y may not have been presgnl. We are also a Chrlstkans Agalnst Povety ICAPI debtcenlre and employ 2 managerto oversee this acti{Y 2 days perweek. Thls yaar we hav8 8ngaged wlth 8 number of people from wmln Hlghfi61ds to go to plant a church In an ar8a in the Vale of GIAmorgan, Penarth. We set asid8 2 elders and appr0M8t&lY 25 peopl8 to go to start a n8w church. rhey ¢urrenUy ront a sthool preml$es for Sunday rn8etlng8. 8nd Ih0r8 18 8 r8gular 8ttendart8 of around 60-75 on 8 wegkfyf basls. They arg Qrnty appIng to the ChaAty CornmL5sion gnd have nkgde an applieon lorwhlch wa awalt a decision. Th& Iwo Eer8 8nd member8 ty11 then Iransfer to kne new thurth which be Cal Penath Evawel¢8J Church. In knprtenn, wè ¥hll assess ourstaff stsucbjre. %yhlch be odapted to tre naeds ofthe church aTh4 the ¢or¢trnunty ve $ervg. This %trlll b8 ongolng, seeknng thg fut1hernn¢e of Ihe d)tsh. Perfomianco achle¥•m¢nt We hav8 conllnued to cperatg thg clLtbs effertlveiy In IhL% yoar, and havo In¢rea$ed thè numbgr acwslog them. esp8clally tho Tlddlywlnks parent trnj chlld Glub. which Is wntlnualty Ov6rsubsb$d. The Art das5es lor ccmmunlty arg 8Isov8ry popular. and youth pwrams are also very Bclwe. MembgrsNp has hcrgasod. and the financ1 rE has b8on Inc¥edlbty strw thls year wEth a 10•k urAIft OVgTalf In incthne. has provad to b8fortuhous, d8SPite the wff•)tfinand81 dlmate generalty. FINANCIAL REVIEW Flnancl81 posltlon GIv8n the current chanenging condlbons. al hrm8 and thraughoul the wortd. we have b88n vary encourw th31 gin9 to HighfièkJ$ h8s Increased $19xlficantlyto mèat the [aty oltho 8xpenditure throUghts the ar. The Statement of FlTran¢lg1 AGtlvlUes Shows total Incoming r8sOur3 for the year of £825,tA9 ¢omper8d to £722.947 for 128t year. Total resources expandèd for the year werE £793,678. Th1$ Spend 18 10% hlgher than 2022. duo lo a Incroase spoThJ on malntenall and equipnt piu3 Inore899d staffing cosls, mainty due to pay rtsès to cornbatts wst of 5ivlno. Gen kne ongolro thallenglry financlal cllmate. w8 have b8an vEry encouragod that gIng to Hlghfield$ has kncfeas8d to m98t Ihe malorfty ol the In¢r8a$ed expendlture over lo last year. We had a 81gnnlcanl Increasa over 2022 and have been heartened that the incomlng OJnd5 have been sufficient to meet the ne8ds. The prfficlpal risks qs50¢1ated wilh the coming yoar would bè thé Inability for m6mbers to give eff8eUvety to Cover costs, and th0 may be a shortr{, Irthere are giver$ who stop glvlng for some rtsason, and we are Gurrently uslno the 8av8d rney for MSnlstry Appr8nS¢es and Illnlsty Interns, wh5ch 711 deete the fund thOut Incraased glrI. We are hopeful Ihal ving will inuB8$e thouth to cover fhL when w8 mako th8 need known. We have every confid¢n¢6 as thls has been th8 expedenc8 of Ihe provltyJ$ y88r, and Ihar8 have bean no sub8tsnU81 ch3ng88 h the membarsh thatwould Indl¢ate othèrwi. Ro$orvgs poll¢y At 31 December 2023 the ch&rlVs total tund3 amounted lo £1.146.186, 01 whlch £81.071 13 ti8d w> thIn re8trknLed funds. Thls 168ves unrestricted funds of £1,065,115. As oyllined In the accounts, lh8 trustees havè deslgnaled £270.404 for speclC puryose5 and a lurther £697,941 In a lund, oquattng to tha net book v4luB of knd and bulldlng$. Ther8lorg afterex¢ludlng flxtures and fltllngs. the charity has free reserves 01£79,696. Ajlhough encouraged by th8 glvlng In 2023, tha trustees are awere of the thallèng8$ of the comlng year agn, th inGreased staff costs related to increosed sa18ri88 and perk8lon costs, The tNSt&6s consklgr the fln8ndpi posldon lo bg saUsla¢lw. Pag& 3
HIGHFIELDS CHURCH REPORT OF THE TRu¥fEES FOR THE YEAR ENDED 31 DECEMBER 2023 FITfuRE DEVELOPMENTS We havg ¢ornpbted th8 process of revl8wlng our $10n for thg church and thi5 wès rgnewed n Jung 2023. ThL has set the str8teglc dlredion for tho church for the next fiv8 yèars, both builthng on our strengths And m8ximl$lng our oppurtunllles lo meet our tharitable obC¥&$. Our Nms and Oblecuvgs h4v8 not ¢hangad, but tho way W8 concentrat8 on ¢ertaln asP$Cts of the new vlslon VAII ad8pI th8 way the implgrnenl ¢)Jr servlce¥ wlwn Ihe thurch setting. We and&ourt0 pt all group5 within the d)ur¢h to ernbrace tha vlsion and operate &ccordlngly. We airn to contlnug to fvrr the church objects, by contlnuing to proc181m the me8$8ge of the gospel In Jarue Sunday gatherings, whtte also mdntaEning the $mall8r groups within the thurch famlly. lor Ihe malntenan¢e of friendships 8nd re18tbnshlps, and conthulng (x)mmunty involvement. ensurfng th8 conllnulng ol Hlghnolds Ghurth. Wè wlll and8avour to conttnua lo us• our r£sources In thls purFose, on5uAng w8 m8lntaln a heafthy ac1nI[n9 stsvcttjm. to enablè u$ lo eff8¢tively m8noG8 the r8sourc65 Avallable. W8 have 81unlffcanUy renewed PArt8 Df tho bullding and will 8P8nd mom in Ihe comlng y88rto keep It In good OFder, and safe foruso, In Ilne th our Envlmnmenlal and Heallh & Safèly pollcles. STRUCTURE. GoveRNAN¢E ANO MANAGEMENT Covomlno doeument Tho full nam8 of th8 Charfty ts Highfièfds Church and IB known as HI)hfie9. Wè •rè 4 CIO. vioorptrratad In Juno 2018, but hav8 Wag gn old CUA tharfty, do8lng In Decemb 31st 2018. Th8 Current ConslitutloTr was ralfied on 2nd July2017 Mothod ol#l¢¢¢lon of ElderslTwstègs Inslrudon sh&ll ba glvèn to Church Nlgmber8 concemnp t Mbllcal ¢ualifKelons ¢)f an Or. In 8ddttbn pJt8nttal EkJer¥. ap8rt from those ferred to In 4.2.2 IPastor8. Assodate Pastorn, A5515tsnt Pasto1, Should normalty havo been mÈmber5 of the ¢hurch for at198$t 2 years. AJI Church Memb8r5 shall Invtted to subrnll, by hand or PD51. thalr nomination ofMamb8rf$l of the Church for the off of Eldar, haing l)eon glven al IEast Iwo weeks nolific£¥on to do so. Th& Eldors will cijnsider all nomlnallDns rEGelved to ensure Ihe nomln8eg are members and sultsble for office. The exlstlng Elders wlll then 888k ¢onfirmatEon from the nomin898 of theIrl[lngBss to 5tsrbd before 5ubrnltUng th6 namos of IIxJ5e d8Bmgd $ultsble and wlulng lo sd lo tho Church to vote upon by postal ballot. MombeTS wlll be glvon 3 wepks to rgbjrn baliol p8pgr& To bg thosen as an Elder, oach nomin88 musl receNe al1oa$t of tho ptyslbv6 votas of Ihe Church mberS YOng. Those porsons duty conffinned by tho Church through vclng, VAII be inV£d to accapt Ihg offica. Thuse poisons duly chosen * Elders shall be recognlsed al Bn ordinaon SÈN¢e. Eliters $h811 a150 ba appjinted as Managlng Twstees. Eets, atBrtfrom Stsff Eklers, shall be elected fDr a of 4 year8,18 recgnl chang81 or 0$ long a3 Ihey CDnlinue os MeMr$ of chur¢h, or until they resign. or unJl they are removed from oifiGe, Ichever th6 6arlier. An eleclbn or ra-election of Ehd8r5 shall bg hgld at lèa$t every E8V8n years. On expiry of th8 t8mi of 0ffl¢o, Eldors shall be eU¥trAa for r6-election. Thg duly 8cted &dgrs aro the Mana9ing Trustsè5 as lald down In thg Constlutlon. Thg Elder8 arg r¢$ponsibb frJr the ov¢¢sloht of Iho Church, lh8 CttUh di8pIne, Ihe adnnIStraort of the ChAllty and it5 funds In SECUrdan %%ilh thg ¢onsIon. They Shall determing the struciur8. pufpD$E, and direction Of the church. Al Elder5 TllV5t b¥ members ot the Church and be in 4greem8nl th the 83618 ol Fth. Inducllon Bnd tralnlng of new Iru$teos Truste95 Df Hlghfields are aayS <kise who have baen members ol Iho thureh for a 81gnifl¢£nt pprnd of rfn, and hon[£ gre yenerally famlllar wEth its actwki9$. Th hav8 coples of the PrevU$ annual reports and ¢onslitulitin. Thay are madg f8mili8r wllh the respon5ibilitles of truste when they take up Ihelr post. The regular Input ffom dlfferent minrstry leaders tc th8 Ek88rs' mooungs prowd65 th8 tru51$es Vnfh th8 ablllty to k86P UP to date vAth th8 dwrltfs tste$ on an ongoln9 basts. Pag8 4
HIGHFIELDS CHURCH REPORT OF THE TRUSTEES FOR THE YEARENDED 31 DECEMBER 2023 Organlsallonal structuro As of 31 December 2023 there 8r8 12 Eld&rs, these incjude ftyjr $taff elders. Lead Paslor, Oav6 GDbbett, 50ate PastorJan Rg&v05, A550ciate P351or Mlchael Teutsch and Intsmationats workar Row Hughes. Elders typicatty mgol ry iwo weeks to manage tha affalrs ofthe church. The derS may deleuat8 the runnlng of c8rtaln admlnlstralive and pradkol affalrs of th8 rch and mlnl$trt8&, a$ they S89 fl( to D8acons, Assottlala wothars, and Minlstry Load8ts. Deats>ns are responslble, as dlroctod by th8 Ear$, for the adminlstratton and pra1 rnstters of the ¢hurth. They malnlln and admlnlstsr the ¢hur¢h In lemw of buildlTvJs. equlpment, procedure$ and formaL Mlni$ty Leadeys wg primarily Invofved in word, pastoral and pray8r.basgd mlnlsrfe8 as direded by the Wders. A$sacL8le Workers we those OPt¢d by tho Etdws to carry out spedfio robs as dat6rmtned by the Eldars. All De8eon8, Assedoto WolKer8 and MIs L88ders must b¢ m8mbers of the thurch and be in aureementwith the Basb of FAith. Requests by IhB Eldèrs for Ihe Dea¢ons to und&rtake $pedfi¢ duties YAII be rec¥rded tn the rnlnul8S Ot the Elders meetings and requasts provlded to Ihg conS, The Dpacons Shall T2cord detaus and mlnutes tyl ony meetirvJ3 8nd copy Ih8s& ts the Elders. M8rnbèr5 of staff h88d up parti¢ubr areas of mlnlstry aTr named amon1 thi8 gro41. Deacon$ and Mln151ry Leader$ make day to day dedons obout tholr ar888 of Thltti8ty, but 11 Ualsg wth one or nre Ehlers about InN)ortant rnatte. Cortalft area5 of TPonsIbl111Y ar• dolegated to commlttegs, such as Flnanea and M15s1on. Both eommht8ss arg clalred by an Ehlar feportto Ihe Uders on 8 regu18r basls about ImportantdecIQn$. Reldt•d p?rt1o5 No mattars to note Uar thls head[r. Dedarauon forn arg provlded. Rlsk manHo•nont Thg Church's finar are subjed to IndeperKlent Eyamlnatlon. Tha trvstees comply wlth Charfty Commi8slon advlce and dlTrcllws In the runnlnq ef thè Churth. The trustèe$ are saUsff8d that m8lor rfsks ate belng assessed and syStem8 put In place for thelr miligatbn. Flnawally. tha Church continues trj bo We SUpwi by mwnbers and rernal abl8 to rneel all cornmitsnellts. In general. gIV the curreAt econDmiC cSrnate and incre88ing public concern overth8 St8blllty of the b8nklng $y8tem, we wanl lo kegp bttlow the maxlmutn insurFd levels of £85k p8r bank. We have a three Operational R8serve has b08n reviewed 8t Uie end of2023. taknng intrj a¢GOUnt salaryand 8tafflng levots and general oper2Ung costs ond has b8en held at £115,000. We balleve this roserve, ctsrnbined with regular rev1w of Ihe )Inan¢ial systems, prnde sufficlenl rasourc88 kn the went of advErs& corKJibon$. HIghfie$ Church Is commllted to protscting anyvuln8Ydblè paople wè coma Into contact wlth. As part of tNs wg a Safeguardlng Polky whlch regulffjs aN paid and voluntary woTkpr$ who have SponSIbmity for children or Vulnerable adults to appty for on Ethanced Discbsur£ of any roT held by the Dlsclosure 2nd Barrf S&e81088). In2023 we have &gain VieWed rur Sofeguarding Pollty to take t0 a¢cDunt ch8no88 In regislaon and best pra¢U¢e. We also £ompty th lh8 Coda of pracCe 88t out by the voluntwy body 31..6, In mattets of canfidanU811ty 8nd safe keeF4ng ol r8L¥Nds. We comply Ihe Disablllty lJis¢rirninaUon A¢1 and every effort to be 1¥K81ve to 4nyono. hvhatev81 blglr disabllty. Aeces9 lo ojr pr8mls al ground levgl Is $lralghtfoThvard and wa have a Ilft to ensure (hat Wheel1r users ean get ento ihe 19t floor wlhcsut any drffieulty. We have a loop gyslem in tr£ ehapel to hElp those who are h¢aring Impalred to bg abl8 lo be fully Invotv¥d in Ihe $ervlces nd rneellnus tapifig pk¢e the. We also glva trdnlng and 9ulde11Tr88 to those Involved In Sp0ang, produclng presentations or nolce shouts or Manng the PA or Ihlng to makè &bern 8wsre of thos& wllh or hearing impalmients. We reoularty wo¢*Jce 8r8ill• hymn sheel$ on ourspedal pdnter. The tsvsie8s h8ve a duly to Idgnllfy and rev[ tt)e Asks to Ihg charity Is eyposod and to 8nsur8 4proprfBto controls ar¢ in r4ace to pwde rg08rmable assuran agalnsl fraud 8nd erfor. Pag8 5
HIQHFIELDS CHURCH REPORT OF THÈ TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS R•g16tsr4d Ch#rtty number 1179013 Prfn¢lpal addr6s8 Month8rm8r Road CARDIFF County of Cardlff CF23 4QW Truslo8S G Cresswell A Rees E J M Wslbhir8 Rev D GrA)beti (staff trusfoa) Rev J Reeves (Staff trustee) Rev M T?uW ISt8ff trustO01 Chalr Chttlrof Flnarhce Apptslnted 0210712018 AppolntEd 0210712018 Appointed 0210712018. Rgllod 1110912023 Appoinled 0210712018 Appolnted OW0712018 Appolnl8d 0210T12018 polnled 0110912019 Appoinl8d 01109f20qg AppoSntqd 0110912019 Apw4nt8d 11104a22 Appolnted 1110412022 pginted 1110412022 Appolntad 11m4r2022 Appointed 0110412024 Appnts# 011Q4024 Dr R Hughas (Staff trustee) D Evans D Bhakla Ral J Popham J N Graham DrA Wiluams E Gooderham DrCNg S8nlorStaff Lead P&str>r As¥ocJats Pastor A99QGiato Pastor Rev D Gobbeti Rev J Reevos R8v M Tevts IndOndnI Examlner MHA ltradlng name ol Maclntyre Hudson LLPI Llmltsd li8blllty pèrmarship In England & Wales Reglytered nuTnL*rlX312313 Eltsd Hwse Oak Tree Court Cardlff Gato Buslnes5 Park CARDIFF CF23 8RS Bankors Lloyd5 TSB l Qu$8n Street C8rdiff CF10 2AS Page 8
HIGHFIELDS CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE APID ADMINISTFIATIVE LIETAILS Bankers Virgin Money 1rJ Windsor PLgce CARDIFF CFIO 38X Monrnouth$hlre Suilding Society MonTn¢ulh$hb House John Frost Square NEWPORT NP20 1PX Shawbrook Bank 3rd floor, 8 Bishop5gaE8, Comhlll. LONDON EC2N 3AR Charity Bank Foss8 House 182 High Street TONBRIDGE TN918E Trid05 Bgnk Deanery Road BRISTOL BS1 SAS John Phillips 18lshop$ Place Whitthur¢h CARDIFF CF14 1LQ Approved by tyderor the Board of Trustees on...........-;......... .......-...-....:.... and slgnad its bahairb. G Cresswell (Char oiTruslee51 A Rees (Chair of FInare} Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGHFELDS CHURCH Indepond?nt axan71n8r'$ report to th• tru$tee¥ of Hlghfields Church l T8PCrt to the Gharlty trrJ5tee5 On ry 8xamlnatton ol lie attoutts ol Hlghfigtds Chuieh1th8 Tru8tl for the year d$d 31 Decernber 2023. Respon51blllts nd basls of report As Ihè charfty trust888 ol the Trust you aro re$kKnblg for tr8 preparatlon of tha a0unts h accordonco th Iha r8quir8rnents ofthe Charfll8s Act 2011 Ilhe Act'i. I r8POrt in rospect of rny 8xamlnatK?n of the Trwvs acwunts ¢aftled t und&r SaGUon 145 01 the A¢¢ and In carrylng Dut my oxwnlnauon I have foltowed all qppllc4bl8 Dlrectbns given by the Charity C0mmL80n Lmdor s6¢th I(5)(bI olthe Indgp¢nd8ntoxamlnorf$ 8tat•m¢nt Slnce your charfty¥ uross incom6 exce6ded £250,000 yOr exarnlner rnust b6 a membarof a Il&t8d body. I can eonfirrn that l am qualifisd to ulldortake Ihe 8xamlnaJon becaLsse l am A momb8r ol th• A$50datlon of Chartered Certllod Accauntants, whlch18 one of the Il$ted bodles. I h8ve wmpleled rny 8xamhaUon. I confirm that no rn&t8rfal matters have come to rny ottendon kn ¢onn8Ctlon I1h examinallon glving me to befiev8 Ihat any mat&rt81 respect= ac£ounUng recoTds were rkot kept In re8pe¢lof the Trust as requlred by S8Gllon 130 of th8 Art. or the accourJts do not a¢cDrd vrilh Ihose records.. or the accounts do not ¢xJmply wlth thè Qpplible r¢qulr6rn6nl8 concemhg fomi 8nd wntentof aco)unts s8t tyjl in the Charities IAccounts and Repor181 R8gvlalion$ 2008 other than any requlrernent thgt the acro($ glve a and falr vTew whl¢h Is not a matterconsld8r8d as part ol an ind6pendenl¢xaminatiDn. I have no conrm$ &nd have com& acr¢ss w c*her matters In connectth with the examlnallon to whl¢h attenuon shoLAd be dr$wn In this repDrtin orderto enabb a proper und$rstanding ol Iho a¢counts b b8 r&4chod. Julla Mortlm8r FCCA MHA (trading name of Maclntyre Hudson LLPI Llmltod Ilablllty partngrsNp In England & Wales Regislerod number OC312313 CARDIFF CF23 8RS Dat8.. Page 8
HIGHFIELDS CHURCH STATEMENY OF FINANCJAL ACTIVfflES FOR THE YEAR ENDED 31 DECEMSER 2023 2023 Total fuhds 2022 Talal funds Unrestricl£d fijnds Restricted lunds Notés INGOME AND ENDOWMENTS FROM Donadons arxl legadg$ 597,002 167,195 764.197 6es,365 Charltab18 actlvNle$ The PromDon ofChri5tianity 43.247 43,247 29,678 othor trading 8CtlvYdes Inv051mgnt income other In(¥mo 4,984 6,725 4,984 6,725 9.918 2,550 442 Total 657 167 195 EXPENDITURE ON Charltabl? a¢tlvltle9 Th8 pOtiOn of Chrislianlty 149 70$ 793 678 716.855 NET INCOME 13,901 17,490 31,391 6,092 RECONCILIATION OF FUNDS Total funds braughlfowwd 1.051,214 03,581 1.114,795 1,106,703 TOTAL FUNDS CARRIED FORWARD 1.065,115 81,071 1.146,186 1,114.795 The noto$ form parl of Ihe58 finandal statements Page 9
HIGHFIELDS CHURCH BALANCE SHEET 31 DECEMBER 2023 2023 roial nd$ 2022 Totsl fvnds un$1¢(ed fvnds Restrle funds Notes FIXED ASSETS Tangible assets 13 715,015 715,015 732.499 CURRENT ASSETS Debtors Cash al bank 14 51,74S 302,348 51,746 383.419 21,914 366,852 81,071 3N,094 81,071 435,165 388.766 CREDITORS Amounts falling due within one y8ar 15 13,9941 13.9941 18,4701 NET CURRENT ASSETS 350,100 431 171 382,296 TOTAL ASSETS LESS CURRENT LLABILITIES 1,065.115 81.071 7,146.186 1,114.79$ Ner ASSETS 1.065.115 81.OTt 1.146.186 1.174,795 FUNDS 17 Unr8$tricted funds R8Stricted funds 1,065.115 81,071 1,051,214 TOTAL FUNDS 1.114,795 The finonrial statements We approved by the Board of Trustees and authorised for issue on nd were signed on its behalf by: G Cresswell (Chairtsf Trusts) A Rge$ jchair of Finance) The notes form part of these ffnanaal slalements Pag& 10
HIGHFIELDS CHURCH CASH FLOW STATEMENT FOR THE YeARENDED 31 DECEMBER2023 2W43 2022 Note$ ¢a8h flows from oporatlng aEtSvltle# Cash g8neraled from operaUon5 42,774 Not c28h F0ded by opèratirw ac11*VaS 26,410 42,Y14 Cash flows from In¥èstlng sctlvltlbs Interest recelved Pufth888 of tanglble fix8d 6,725 16.%8 Net rash used In inv8GUnu act[VO$ Chang0 In ¢a$h and ¢a$h •qulvalents In th• reportlng pèrlod cash and r4$h 04ulvalertts at th• bèglnnlng 91th8 roportlng pgrfod 16,56Y 39,044 327.808 Ca3h and cash 04ulval8nts atth• ènd of the r¢portino riOd 383.419 366.8$2 The ntsteB fi)mi partof those Ilnanciel Statemts Pag&11
HIGHFIELDS CHURCH NOTES TO THE CASH FLOIIV 8TATEMENT FOR TrIE YEAR ENDED 31 DECEMgER 2023 RECONCILIATION OF NET INCOME TO NET CAgH F.LOW FROkl OPERITING ACTtvmES 2023 2022 Not Incom• for th¢ r•portlng porlod (as porthe Statement of Flnan¢knl Actlvrtl? Adlustsn?Nts for. Deprriglon ehar98S Int8rest recelvod Ilncraaseyd8cr8a88 In debtots Decrease in ¢redilor5 31.391 6,0¥2 34,052 16.7251 (29,8321 31.009 14421 20.3fj1 14.195 Not rAsh provjdgd byoporations ANALYSIS OF ¢HANQES IN NET FUNDS Ai 111r23 cash flow At31112r23 Net Cash Cash at bar 366 852 383419 Total 368,852 383.419 The notes form partof th ftt7ancSal ststem8nts Paga 12
HIGHFIELDS GHURCH NOTES TO THE FINANCIAL STATEMeNTS FOR THE YEAR ENDED 31 DÈCEMBER 2023 STATUTORY INFORMATION Highfidds Church 1$ a reg1StBred charlty, regls18red In England and W6$ und&r chartty nurnber 1179013. The gov•mlng doGum8nt of Hlghfi8lds Church 15 Ctsnstftulion snd It Is a Chodlablp In¢>)rporated CryanlsBtion ICIO). The prin¢lpal IreSS b Monthwmer Road, CardEff, CF24 4QW. Th8 natur£ orth8 charlty's operation5 ond prinPaI &c1b'a8 disck)$ed wlthln tha RertOf th8 T$8$. Tha flnan¢ld 61at8menls are wo$ant h stèiting (£1, the charW$ functional currency. and rtAJnd8d lo Ih neaSt wund. The svjnlficant accoun9 poUcle8 applkd kn lh¢ preparation of these Ilnanclal 8ts1ements are #et out bdow. These pollLs havv been coThsl&lernlly applled to att years prBsont8d unleES oth8ThSe sia18d. ACCOUNTING POLICIES BaJt6 of preparfn9 thè IlnaD¢lal $tat8rn0Mts Thg flnanclal statements of the ¢h8rity, whltrh 15 8 pubwc b¢n?fit antity under FRS 102. have been prared in acoydtnce wlth the Charitie$ SORP IFRS 102) 'Aounn9 and Reporting by Charfts8s'. St3lement of R8cofflFn8nd8d Practice apKCabIfy to ChtieS preparhg thelr accounts In acrdance wlth the Flnand81 Reptrng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effective 1 Janu8ry 20191,. Financlal Reporung Siar¢dard 102 The Finallclal Reporting Slgndard applltr&ble in the UK RewbRc of IretaTrJ' and the Charities Act 2011, The financlel statemgnts havo b88n propared undarthe hlslorkal OjstconvlCn. Tho fiTr&nclal $tatamants havo been preparEd to glve 8 e end faiP 8w gnd have departed from thè CharIt$ <thUts 8nd REPOrtsl Regulallons 2008 onty tts tha extgnl to Pr&de & Irue and fale ew. Thls departure ha$ Involved folk)wlng the Acwunllng and REportin9 by Charit1.. Stal8m8nl of R8¢ommend8d PracU¢o applc8bb to ch8dtl&s prePallg thelr acGDunt$ In aC(X)rdan vAth the Fan¢Fol Reporting St&ndard Eppllcable In the VK and Republlc of Ireland issu8d In Ildober 2019 ralher fheTr th8 Accounlhg and Reporung by Charfbe$' Statem8ril of Rew)m¢e PrdGWco eff8cllve from ? Aprll 2005 whlch has bpgn wlthdraw Thttre have bèèn no matorid dopariuros from Fitiancial Reporung Stendard 102. Golnu ¢on¢ern No matri81 un¢ertalntl&$ ex15t reL8ting to event8 or cOndOn$ that may cast 51gnifi¢ant doubt upon Ihe en115 abiliiyto continue as a golng con¢em. Income All Incornè k rècognlsed in the Stal8tnenl ¢1 Fln?n¢lal Activths orK8 Ihe charity ha5 antitlement to IhB nds, It probable that the Income wtll bo rogdvèd and Iho amomlcan ba rneasured rgllabty. Thls IrKluda$ ¢aytal grant Donalons and18gaci05 Incomg Includes donations. gifts and grants th8t wbvide ctsre fLmding or are tsfa geneFal nature are recogni5ed whare Ihere is pmtillement, Fyobabifity ol receipt and Ihe amount b6 me45ured with suent relEalIty. Such in¢orn9 15 only deferred %4th8n the donor $pecSfi8S It must be used in future acCJnfj perf(S orth& donor h8s Imposed ndItionS whl¢a must be rn81 before the charty has uncondition81 entiUerrÉnl. Ir¢ome trom charftaisle Oct15 IrTdudes Income Tecelved under contract or where enttifemont Eo granlfunditvJ Is subfvGt to specific perfomance conthms. This Incom8 Is recagni88d where ther8 18 8nfjdemenL when r8c8lpl Ls probable and Ihe amount can be m8a5ur8d r811ably. Incoma Is dof8rred when Ihe am¢unts recelved 8T9 n advance of tho p&rlormanco of the $0rYlee or eventto whlch Ihoy relate. Incom8 from olher trading aVIe$ is recognllsed as Ihe related s8rvic8s ar8 provided and there 8nv1M8t, probablllty ol tscetpt ond the amount can be mea5ur8d wtth suffici8nl rel¢gbllty. Incomg Is d&farred Trhhen the amcAJnts reI¥&d a In advènce of the d8llv8ry of the Ser¥e or eVt to which it relalos. Inv8strnenllrKom8 Is recognlsed on 8 recelvabl05 basis. Page13 conunued...
HIGHFELDS CHURCH NOTES TO THE FINANCIAL STAYEMETr¥fs- contlnued FOR THE YEAR ENDED 31 OECEMBER 2023 ACCOUNTIIIG POUCIES- ¢ontlnu8d Expend1 Llablllll8s arg r¢wgnls8d as 0Xnd1Jre &s 8oon as Iharo 1$ a le981 or ¢onstrucUv¢ obllgalion comm1tn9 Ihe charfty to that 8xpendllur¢, It 18 Pfobable that a transfer of ecommlc benefits 11 be requlred in soltlomont and ihe amount of the obligation can be measured rgllaljly. EvndittJ ts acefjunied lor an aGwals bas1$ ttnd has been clas¥ifi8d under headlngs that Aggrègate 811 cost rglal8d lo th8 category, Where costs cannol b8 dlrecly attrfbuted to p¥UJJlar h••dlng8 they hwe been ath)e8led to acUvM6s on & ba513 ccttslstent wllh ilte u50 of r8souKe8. Ch8rftabl8 expendllure compAses those cost8 inoJrred by the d)arfty In the dellvèry of it5 advltiès and SgM¢&3 for it8 bettefiarles. It Indudes trx)th ¢os15 that can be lOcal8d dity to such acllvllgs and Ihw eosts ol a Ir¥thrFct n8re 10 5UPP)rt them. supperl eosts are thos8 costs tr)at, wthust neCsary to eier arh activlty. do nol th8ms8lve$ produca gr cons18 th? output ol tho charitable aLlity. This Includes 'Govemantx cosb wli¢h 8r¢ those rsts assoclalgd Ithth m8etlng thg con8titulonal And #ts10ry roqulrement5 of the charity and Includo the actounlanw fees a¢ ¢osts linked tr) the 8trqtegic rnanao8mgnl of th& charfty es wdl a$ a proporbon ol salaiios based on an approxlrnation afrne spent In this ar&a. Expendltsjre In¢ludes VAT a5 Ihè charlty k no VAT re9LSts. Allocatlon and appoitlpmnent of eoEts Al eoyts sre 8Uocated beNveen the exp8nditure categorie$ on a basls dèslgned to refl8Ct the uss of Ihfj resource, CDsl$ rdating lo a parcular3CIfy ar8 8Uoogtod dlredy," other5 are appotliongd ON an apyoprfats basls. Yanglbh flxed a$6ets Fe& ag58ts are Inlti81ty recorded al¢osL Fixed a5se15 C051irvJ over£500 8r8 capaliSed. Dgpracfauon Is calculated so os b) write off thè eos af an asy8(18s$ Its o¥timat8d redu81 valu&. over ble u8oful economic life of that &et 85 fosbws.. FLxture5 and ffltJngs Freehold Free1 property -4 to 8 year9 stralght lina - not deprèckqtad - 50 yoars straight11Tro Taxatlon A8 a regT8tered charity the ¢)ry>ml$atk)n is 8X8mpl Irorn Incoma and corporaoon tax to the oxtènt that Its Snc<The galns ar8 appllcable to charitaNe purposes only. Valu8 Addéd Tax Is not recoverabb by the orgthsalon and Is therefore Includwj the rg18V8rt ¢ost8 In the Ststemenl of FiThanclal Actswties. Fund aCcOt9 Unrè8lrlcted fund$ean be used In 8ccord8nce the (orftable oblècfjv at th8 Iykqcrotton 0¢ the Iruslee8. DEsignated fund8 ar8 creal8d forGrafiC purposes atthe (fis¢ftstion or tho Irusle¢s. R88trfct8d fund8 Can onty be used lor partlcular re3trKted purposes wiihin the obl8¢ts of tr(& chadty. RBstrkllons arfse when specthed by Ihe donoror when funds are rais2d for paCularIEstrfQI¢(I purposes. Furtherexplanauon of the nath and purpos8 of ga¢h fvnd Is Induded In Ihe nots$ lo the ffnan¢lal 8lakm8nts. Operating leases Rentsls appllcabb tg Opgravng loagès whore substsnually 811 the benefits 8nd rlsks of ownershlp rema with th8 18ssor are charg8d tothe 8t8tem8nt of finala1 act1e$ on a straight Ilr)& basls Lwer th¢ perted ol th8 le88e. Pènalon ¢osts and othgr post4•tlrOMèn¢ bgnonts The c*adty operats$ a defined conlrfbution perFSU)n scheme. Conlrfbution8 P8yabb to lh8 charW8 penslcn 8 charged to the Statam8nl of Flnanclal ActNate5 in thè pemod to whith th8y relate. Pag¢ 14 ClnuJ...
HIGHFELDS CHURCH NOTES TO THE FINANCIAL STATEMENTS • conllnued FOR THe YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLIGIES . cgntlnued Capltsi gr3llt5 Capltal grants a¥0 accountsd for In a(wr<lanL th FRS 102 SORP. Th6 boar([ of trustee5 CorIdar that in ord&r lo comply wllh th8 SORP, grants of 8 capllel nature glven for $Parf purposes and fulty ulllised h the furthevdn¢e of Ihe charlt518 oblectives Should b& credited to tho bulldlng futKI after thg $um8 have beon prowly 8xp8nd8d on th& reslrtGi8d purpo$e. Th$ roL4t&d 856818 ore shown the baL9n¢o sh8Ot sleost orvalualon. Flnanclal Instruments The charity only has finanoor assats and flnanclal Mablfjtles of a [) that quallfy as ba81¢ Ilnaftc4 1nthMts. Basic flnanclal Instruments afy Inltialty recogni88d 81 transa¢Uon value and Subsequ1 me8$LYed at th81r $ettlement V81ue. Debtors wllh no 8tatsd Inlgrest rate And reGg¥bI? ThthIn one year are recorded Et Iransactlon price. Any losses arlslng from Impalmient are recognis8d In expendFture. Prepaymants ore vakJ8d atthe amount prapald n2t of any Irade discounts due. Croditots and pSlOn$ ats recogn188d ¥vhera the tharity has a F(nt obllgalon resuhinu from a past wont that whl probabty r6suIt the Iransfer of fvnds to a Ihlrd paty and ihe amount due to settlo the obTrgalion can be measured Cf esllmaled r8llabty. Crli0r$ and provlslons are normally recognlaed al theirB8ttlemenl amDunt aftèr alkyn9 fol any trade dlscounts Itue. DONATIONS AND LEGACIES 2023 2022 DonallontsttSrfg8 764 197 685 385 OTHER TffAOING A1vITIEs 2023 2022 Usg of pren4ses INVESTPAEKf INCOME 2023 2022 Bank b)1gro$t ree£lvaL 6,725 442 INCOME FROM ¢HARITAHLE ACTMTIES 2023 2022 Youth and chlldrén's work Pre.$chool Bookstall Interna(ion5 NeNvot coum6s Student8 Canvgr5aVon clas895 Connecllon Christians Againsl Poy8rty 8,624 1,927 44S 3,786 3,655 8,402 1.377 6,790 1,554 1,239 740 3,215 5,878 1,068 10,192 14.650 29,676 orne Is firm the slngle charitable acuylty of The P[orrtiOn of Chrlsknanllv. Page 15 tnnunued...
HJQHFIELDS CHURCH NOTES TO THE HNANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 DECEMaER 2023 CHARITABLE ACTMTFES COSTS Diract C05t51see te81 Support co$ts15e? n¢ta 91 Tot81s Tho promots)n 0fchrtsilaty 678,Sf2 115 166 793 678 DIRECT COSTS OF CHAFUYABLE ACTIVfflES 2023 2022 Staff ¥ts stair tralTrlng and eKron89S Admlnlstralk)n ¢osls Pr8mkS8S 8xpeTrsgS Books1[ ey4)enses other Mi8cellaneous costs PU1t Pastoral Evango116rn Youth apd ¢hIldr8n work Int8m8tlonais Students Pr8-school Network Dolton Sfreet prol8¢t ¢08ts (exu1nq staff costs) Grants payable- M15slonary Support Donallons. sPefiC arpoafs Christiaas Agafnst Povety Conversati017al Cla8 Flxod Hsset deweclatbn 311,886 13,142 39,755 56231 331 11,263 3.792 3,237 4,27S 12,07T 5.317 12,413 887 1.668 6.044 f28.493 23,834 9,215 1,201 33,371 304,$80 10,403 36,842 20,469 976 12,531 2.010 950 4289 10,824 2.397 939 715 1.952 S,950 155,429 13,888 316 30.388 678512 835,348 Included wlthln dlroct costs of charttablg acll¥lties above ar• gfants paygblo of £128,493 (2022: £1S5A291 to Mlssionades. Th1$ Includes grarts of £26.040 pald trj 2 Indlwdu813 and grants of pald £102.342 to 17 M15slon Organlsallon (prk•r year.. £28,040 wa& pald to 2 Indivldupjs and £137A67 to 19 Misslon Organisationsl. SUPPORT COSTS staff o)sts oar ¢a)sts Governa6 Totals Th¥ promoNon of Chri5bani 2.700 115166 Induded s1h1n support costs a 1nd8psndeniex8rninali¢ loes of £2.70012022- £2.6401 10. TRUSTEES. REIIUNEK4TiON AND BENEFrrs The followlng rèmun8rat(on wa$ p8kl lo trust865 durfng Ihe y88r.' 20fJ 2022 Role D Gobbtrll Lèad Pastor S4lary Pensi)n Satsry Pension Salary Penslon Salary Pension 44,370 1,401 36.123 1.141 39.473 1,247 29.e18 942 41.859 1,322 34.078 1,076 37,239 1,1T6 2e.131 888 J Reeves Assoclatg Pastor M Toutsch A83wlal? Pastor R Hthjhgs InternaU0na WLKker Payment Is pemillted by ¥Artue Df pardgraph 6.2 olthe constitutton adopted 2 2017. Page 16 conlTvJed...
HIGHFIELDS CHURCH NOTES TO THE FINAN¢WL STATEMENTS-tonflnued FOR THE YEAR ENDED 31 DECEMBÈR 2023 10. TrUSTEES' REklUNERATION AND BENEFrr8- contlnv8d TrustF88' Vxponses TherÈ were no trustg85' gxpenses pd for the yèbr endad 31 D8e8mb8r 21T23 QT for thg ygaT 9nded 31 Decembgr2022. 11. STAFF cosrs 2023 2022 W8ges and salarfès S¢cial Becurtty ¢ost5 Othar penslon co$ls 355,500 25,142 327.353 24,409 8.64S Totsl rert¥JneraUon pald tg trw8tees and key man898ment pernonnd w) the year was £20016712022.. £176.0021. av8rage monthly numbgrof enwJloyees during thg year va8 8¥ follows.. 2023 14 2022 14 No phY rerRfvecl emoluments In excgss of£eo,000. 12. COMPARATtVES FOR THE STATEMENT OF FINANCIAL ACTMTIES UNestrr¢t8d ftJnd8 Re$trl¢ted funds Tolal fvnd$ INCOME AND ENDOWWIENTS FROM Donallons And18gacles 548.867 136,498 6S5.365 Ch8ritsbl¢ art5vMIos Th8 promolon of Chd$tlanlty 29,676 29.676 Olhertradillg &vItIeS Invgsbmgnt Ineome other Iftcorne 2.550 442 2.550 442 Totsl 586 449 722.947 EXPENDITVRE ON Charflablè actlvlll8s The pm1On 0fChrfSanlty 593.52Q 123.335 716,855 NET IN¢OMEIIEXPENDITURE) 17,0711 13.163 6.092 RECONCILIATION OF FUNDS Tot81 funds brou9htfotwJrd 1,058,285 $0,418 1.108,703 TOTAL FUNDS CARRIED FORWARD 1.Q51214 1114.795 Pag6 IT ¢Cled...
HIGHFLELDS CHURCFI NOTES TO THE F5NANGIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 DE¢EM8FR 2023 13. TANGIBLE FIXED ASSETS FixtuTr$ and tllngs Freehold property Froehos land Totals COST At 1 January 2023 Addllons 1,031,227 80,000 66,937 16,568 1,178.164 At 31 Docombar2023 1,031.221 eo,000 B3,505 1.194 732 DEPRECKTION At l J8nuary 2023 Charg8 for ygar 392,661 20,825 445,865 At 31 Decgmb8r 2023 4132B6 66,431 479,717 NET BOOK VALUE At 31 Dac8mber 2023 617,941 80.000 715015 At 31 DeG8mbgr 2022 638 566 732,499 AII *5S9Is ere hold fortjI¢t th8rttable wrposes and thero ere no Inl&nable gr hlstorfc assets. 14. DEBTORS,. AMOUNTS FALLING DUE WITHIN ONE Y&AR 2023 2022 Glft ald debtor PpaYnts and a¢crued Ine4)me 30,518 9,462 12.452 51,746 21,914 15. CREDITORS- AMOUNTS FALLING DUE WITHIN ONeYEAR 2023 2022 A¢cNtsls and def8rred Incotne 16. LE4SING AGREEMENTS Minimum kase payments undernon-c8ncettatrlo op8ralftg kgases fdl dua as folloa.. 2023 2022 Wlthin oro year 3,869 Lea88 paym8nts r9cogn18ed as an e)4)en$a In thtryear arè E4.147 {2022'. £4,11. Pag8 18
HIGHFIELDS CHURCH NOTES TO THE FINANCIAL STATEMEwfs- contlnv8d FOR THE YEAR ENDED 310ECEKqBER 2023 17. MOVEMENY IN FUNDS Tran$fvrs b61wean funds movernanl In fundg Al 111123 Unro8trl¢tèd fvnds Genèral OJnd Designated furnl- 8ulldlng fund DesSgnaled fvnd. Opgrabons reservè Dgslgnatod fuad- Conilngency fvnd De$lgn8tgd fund- Tralnlng Ilftwnanu811 Designated fund- Mlsslonary fijnd Dèslgnat8d fund- 081 Hankey fvnd De$lgnBt8d fund- Mlnl8ty Approntices D8slgnat8d fund. Maintenance fvnd D9$lat¢d fund. Slud6ntM8nds of HighTld5 Deslgnaled fvnd- UCCF 51.e71 718.566 115,000 24.923 12,155 13,241 146,978 120,625) 1101.8791 96,770 697.941 11S,000 29,923 16,$80 17,400 5,000 4,000 29,004 1,000 17.OCQ 39.000 405 124,8451 {1.0001 152,892 129.1201 71,511 44.141 35,619 54.027 1.875 s,000 1,875 1.0S1,214 13,901 I.5,119 Rostrl¢l•d lund5 MISSnary fvnd Dai Hankeyfunit SbJd0nt Frtds of Hlghffiold5 fvnd Sharing our I•9 fvnd Good C&v$e8 UCCF Fund Chdsuans Agalnsl Poverty Panarth Furyj 9,743 11,284 3,036 34,876 3,310 1,814 280 329 (2.5881 E44 281 1561 16,786 I157 11.564 3,365 32288 3,954 1250 307 363 63.581 17.490 81.D71 TOTAL FUND5 1114795 1146,186 Page 19 conbnued...
HIGHFIELDS CHURCH NOTES TO TrIE F114ANCIAL STATEMENTS. ¢onllnuwl FOR THE YEAR ENDED 31 DECEMBER 2023 iy. MOVEMENT IN FUNDS- eontlnued et movement In lunds, knduded In the ebove 8re as ftAIow8'. Incomlng ras0rte8 R8sour¢os expended Moverngnl In funds Unrestrfcted funds G&neral Djnd Deslgnated lund- Bulldlng 08slgnat8d fund. Tralnlng lknmanuell DesIated lund- Mlsslonary fvnd Deslgnated fund. Dal Hankey fund Designat&d fund- Minlstry Apprenttce5 Designated ftsnd- MalntenanGe fund Design8t8d lund- UCCF 641,6D4 1494.6261 120.6251 110,8451 124,6451 11.0001 167,8921 129,1401 146.978 120,625} 405 124,8451 11,0001 152,8921 129,120) 11,250 5,000 20 657.874 1fj43.9731 13.901 Restrtcted fuhds Missionary fvr Dal Hank8y lund Student Friends ol H¥ifields Sharing OUT lives fund Good Causes UCCF Fund Christian5 Agalnst Poverty Pengrth Fund 80,211 24.480 329 8.278 13.616 3,281 14,650 rd,350 178.3Y71 1242001 1,e14 329 P,5881 844 281 1561 110.8661 112,9721 13,OODI 114,7061 5.564 1T.490 TOTAL FUEIDS 93 678 Pag8 20 canbnued...
HIGHFIELD5 CHURCH NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR7He YEAR ENDED 31 DECEM8ER 2023 17. MOVEMENT IN FUNDS q contlnueil Compayatlves for movement In fund5 Nel movement In fund5 Translors belween fund3 At 31112122 At 111122 Unre5trl¢t8d fumd$ Ggnerel fvnd Destgnaled fund- Building furvj Desi9nated fund- Operatlons raserve Deslgnated fund- Conllngency fund DeSIgned fund- Trainlng Ilmmanuol) Dgsiqnated fund- Mi581onary fvnd Oeslgnat8d tsnd- Dal Henkoy fvnd Desl9nated furld - Mlnlstry ArprontiGe5 DIgnated fund- Maintananca fvnd 29.295 739,191 115,fi0O 30,000 22,730 18,381 128,603 120,6251 11042271 51,671 718.566 115,000 24.923 12.155 13,241 15,0771 110,5751 136,7401 12.40CI 154,630) 31.8Q) 2,400 62,427 7,800 83,714 39,974 71,511 44,147 1.058,285 17,071) 1.051,214 R•strlctsd fvnd$ MI55ionarylund D41 Hankeyfund Sluctent Fdends of Hlghfiolds fund Shgrlng our Ie8 lund Ca¢ydeS UCCF Fund Chrlrfan$ AgalnstPov&rty 9,038 12,1S3 2.966 26.261 705 18691 70 8.615 3,310 989 363 9.743 11.284 3.036 34.876 3.310 989 383 50,418 13.163 TOTAL FUNDS 1.108,T03 6.092 1,114795 CompaRtive nèl mov8m8nt In ftmd8. Induded In thg atrhsve are 08 folow8.' Ino)ml Rogourc08 Plovefflent eypend8d Infvnds Unr¢$tri¢ted funds Ganar81 fvnd Deslgnated fund- Buildtnu fvnd Deslgnated fund- conunnCY fvnd Designated fund . Tralnlng Ilmmanudl Deglgnated fund . Missionary fvnd De55gnated fund- Dai HaeY fund Designat8d fund- Ministry hpprentlces Do$lgnateO fvnd- Malnknnce fmd 586.449 1459,8461 120,6251 15,0771 110,57SI 138,7401 {2.4001 154.630} 128.&J3 120.6251 15.07n 110.5751 136,7401 2,4001 154,6301 586,449 {S93,S201 R8stTlct8d funds Missionary fund Dal Hankèyfund Mlnlsty apprenli¢e$ fund Stud8nt Frf8nds of Homdds funtl Sharing our live5 fund Good Causes UCCF Fund Cthsl&ns Povety ff.0711 87.194 23.931 1.000 70 10,490 3,684 8,469 186,4891 (24,8001 11.0001 70S IB691 70 8,615 3,310 969 363 11A751 13741 (7.500) 136.498 TOTAL FUNDS 722,947 716,855 6,092 Page 21 )nb'nued...
HIGHFELDS CHURCH NOTES TO THE FINANCIAL STATEMENTS-¢ontJNd FOR ThE YEAR ENDED 31 DECEMBER 2023 17. MOVEMENT IN FUNDS. Gontlnu8ti D•$lg#ated funds Deslgnatèd funds are sot up by resoluOn of Ihe FInan Commlttee and are approved by Ihe Elders of the church. guSldiryJ fvnd-this 18 the amount desl9nalsd to m8tch the net book value olthe laThl and bUll(ng$. 0rationS reséNè- thi$ fvnd ts fjntended to m88t 2 months ol the lot41 operallng costs ol th6 Church, Includln staff saladès. Conllng0ncyfiJnd. Ihis fund h8¥ been Set up to dèal wlth any unfore8¢gn emergency ttjsls thal may etlse. Tralning (Immanuell- glfts reLfved in previou$ years 861 a8Tde Its be used fortralnlng. Missionary fund- ha5 an sèt up to d881 wilh whkh has been deslgngtgd by the church for mls8ksnary MinisbyApprente5- ¥)1$ fund has been creatèd to 88t asklg funds to 6UPPOrt mlnlsty 8pprenUce costs. MAlnt8n8n¢8 fuTrd- thls fvnd he$ been creeted to s8t ashle funds formahtenaneg wcrt( to te carrted WL Dal Hankey fuThJ-thls has been ¢roaieclto provkl& adclmonal lundg to support Dd 148nkey In h15 wiyk. UCCFfund. 7he frjnd was ¢realed to fund thg Chrfstyan unions. Siudent frier¥Js ¢1 HSgfrfields fund - The fund was rrnoted tc allow sbjdents bvho hava attended Highfteld$, t¥Jt $lnce left Cardlff. to glva to a fund e¥ealed to Supporl tha siudent tISty at Hlghfield$. Restrlcted funds Tha TNssionary . r8lates to offering$ given und9r thts old scheme. designated fer Ihk8 partiwLar fijnd. These off8rings are pald over to lh8 MIS5nary Commltteg In tha month folln th¢lr altoc0c4). lo b& usèd as th& (rnmltleo sees fit Dal Hankey fiJnd- O& & B mls$ionary, who ha5 moved lo Trevelhin to set up a church pL8nt, Red8emgr CknJrch and an antt-slavery Chartly. Red Ctsmmunlty. ThL% fund has en sot up to help fln&nc Dai In worL Sludent Frlend$ tts HvJhfields fund - the fijnd was cr8at8d lo alk)w $ludents who have atted Hlghfield$, but 81nce18ft Cardlff. to glve lo o fund croated to 5UPPOrt the 6ttsd8nt mlnlsty at ghftek1s. Sharjng our lfves- Thls thjnd has been de$lgn¥d to help those CUrnY exporaentlno finandal hthshlp. Good Causas The fund was created for donatK>ns for charitable tSSUEs yuch os earthquake oppe815 8nd Ukralne. UCCF Fund- The fund was (¥eatèd to fvnd the Chr5slan ynlons. Christlans Agalnsl Povgty-The Ivnd was ereated to h8lpwlth pov6rty. P8narthfund- Opgnlng a new thurch In Penarth. Ihl$ fund Is to have 8epar8ts income and eyendllure TTansfvrs between fitnd8 Trdnsfers tol&lWn9 £101.879 havo been made from lh8 gen8ral fijnd to & numb9r of d6slgna18d fvnds In th8 year oulllned bplow.. A transfer of £29,004 to the designated MSk)nory lund to be used ioward3 mi88bn8ry worf( colts. A transfer of £17.000 to the deslgThatèd Mlnlstry Apprenbc88 lo be used towards the eosts esswated mlnSstry Hppr•nUcgs. A transfer of £1.000 to tho deslgnated Dal Hankey fum to bo $etasld& to help fund Dai Irb hLs worf(. A transfertsf £39,OW has be&n Tnade to the deaignated malntenantt hjnd in re8pe¢l of wryk carfed out on malnl8lnhg and updaling the PrnES8$. A trdnsfer of£S.000 has b¢6n made to the dest#t$d conlng8ncy fUd ITr raspgct to any thfoN89en omargency costs th81 may arfse. P8ge 22 ¢onffnu&g...
HIGHFELD$ CHURCH NOTE8 ro ThE FINANCIAL STATEMENYS-contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 IT. MOVEMENT IN FUNDS. condnued Trnnstsrs belwe¢n fvnds • conflnuo Atransfer Df £4,000 has been made to the deslgnated fraining Cimrnanuell fund to bè set 85kle for trainlng c0515. A tr8nsfer 01£1,875 has boan made to U)s doslgnated Student Frlends of HlghlJe(ds fund h reS¢t of costs to support th8 student Mlnislry at Hiuhfidds Alransfvrof£5,000 ha5 beèn made to Ihe desvdn8t8d UCCF fvnd In orderto (und the Chri$Uan Unlon EMPLOYEE BENEFifoBLIGATIONS Thg charfty oporatos a dofined conffibLtdon pension ¥1gme. The asseis of the $¢heme aro held separately from Ihose of the tharity in independentty adminl$ter8d lunds. Tr Pen0 crist that5& rewesents contributions paid by the Ghariiy to th6 fund and amounte(J lo £9.62512022: £8,84SI. 7hero wBrg no outstsndlng c0nlrfbut1or al Ihe year8nd. 19. RELATED PARTY DISCLOSURES Tha lotsl uncondkional donabon8 made to the ch8rfty by Its Iru$lees and close f8mly m6rnb8TS alled b £62,521 12G22.. ÈSO,859). Ml3slonary oronts totalllng £13,8QO12022.. £9.2001 wer8 made to an oYuar48ation, Ploneers UK. b sw)port D Bhakia Raj, an internatlonal Farniles Workar. The poym&ntS W8T8 rnade sirjce D Bha£ Ral w8 HppAThted as TtusIEe ol Hghflelds Chur¢h. There were no *)thar relstad paty transacoons or blan¢es rgqulrlng dlsck)sur6 frjr th8 Yaarend 31 D•Bber 2023 ortorlhe yegr endod 31 D8eèrnbar2022. PogB 23