REGISTERED CHARITYNUMBER: 111￿13 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$tao5 pre¥ert Iholr reportwlth the flnanclal 8tstem8nls of Ihe Charity fvrlho porioy ended 31 Dfjcember2023. The tW5tees have adopt8d the provisions ol A¢¢ounbng al￿ Reportlng by Charfles.. Slalefflent of Re¢ofnmend¢d Plac*￿0 appll¢able to d)arfl￿$ 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 c*tlho 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 F￿th. 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$oclaled 8eifwlies Euch 8s Sundoy Services, Wee￿Y￿Ubs and acli*itKs f¢X cNldren of a ag85 as wsll as 8ludent¥. Intematlonal&arrd 14dar members of the ￿MmUnIty. Publ1¢ b¢ngfit Th& organlsgtion's trustee5 can confirm that Ihey hav8 g￿en due r8gard to pubEc beneftt guldance publlshod by th8 Chartty Cornmlssl¢n. s19r￿ficant that we undortook dU￿rn9 the year that dernonslrala pubttc bangfil gre sel out n tha foHo¥%lng pagos. Ae¢ivW8$ Wo run a whole rang8 of 8Clfv￿e9 lor 811 aga$ In Highfialds Church. One Df Ihe most popular way5 In ￿kh we seN the k￿81 commcnity is through our p￿4¢hO01 groups, whith run on Thursday momlngs (fIddl￿￿nks Parent & Toddler Group). Many paren15 & carer$ from the local wmmunlty (most of whom are non-Highfields farn1￿•$1, oxne 8kn9 ￿th thk8lT pre-schoolers and enjoy t2￿ng part In these ectlvllies. 8nd rna￿ng frlend$. We heve also been part of the c￿ncIl Flylng Stsrt Inluauvp, whloh u58$ our prernlses. Other group5 frotn Ihe community h&v6 mad& Tnore us8 of our premi$e5 In the r&cant months. and we are In di5CU55Fons with others to rent Dalton Street on a We6￿Y basi9. Wedne8day Klds Club lor pwlmary age Is lull to c3p¥ity. and our Edge and Gen groups on Frfday for Compreh8nslv6 age chlklron Is afsovery busy on e Frld8y night with over 80 teenagets attendlTrJ the both groups. We fxnlnuo to have ox¢ell¢nt rewonships a numbor of lacal pdmary s￿ndary Sthods whore we are regularly Invited in to tske assembl&s and Inwt into reli9iovs ediKaUon lessons es part of the Matjonal Currlculum and 8150 host local 6choo15 Chri8tmas ¢on¢ert5. Many local chtldren com8 along to c￿T waekty dubs, wkh 1S0 of mor8 attanding th6$padal holday etubs laFJno placo In ihe sthool holklays. Hl9hfields wns a slgnifkant mlnlsty for Internationals In Cardlfl., we hold womon'£ Engllsh Convorsallon aas$eG on Monday and Tuesday Bnd lhe￿ ts also a Worn8n¥ S&wing c￿8$ held overy Monday ￿n¢hIM8. Evgry kn months on Inl*maUonal 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$70Tg about the Chrhtlan laSth knfouoh a wggkty study. held on an evening. On Sundays we Nn an Inlomaitr)n41 Lunch that l¥ 4)8clfically olmtrd at Intama￿OnaI Strthnts, but ak InlemaODnal$ 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 Universi￿e* and wr 8tudenl mlnFelry Mntiwes to be bjsy. with a Sign￿eant nLmbor of sludents attending the church. Page 1 HIGHFELDS CHURCH REPORT OF THF TRUSTEES FOR THE YEAR ENDED 31 DECEIABER 2023 Actl￿tle8 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 lo￿1 ¢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 Chu￿h. 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 pro￿de a vari8ty of 8ethltt83 for Ihe bcal communlty. Th15 Includes adult ￿UcatIon arl ¢lasses and dance d4ssss, and u$e olthe wgmlses IDr eleBUons. Voluntoors The charty's different 8CtFWttI?8 arg run malnly by vobjntaers, many ol whom are membBf5 orth# churth. Altnost all the acUvilie5 run at P￿9h￿9￿js would noÉ be p0S￿ble wlilKJUt the knput of ￿0￿n￿er8 on 8 w88kly ba8FB. Thls.Intrlude$ 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 b￿n9 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 kn￿1h these activtties. glvlng up 2 ¢r mcye hours of thalr tim8 wery week. AGNI￿EmEmrAND 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 CDMfflU￿fy a5 w•1 as churth famlli85. and we COn￿nUe 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 ab￿t 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 S￿dY wllh 2$ pr64¢hool ehildren r8gist?r¢d. Th13 18 in ad￿￿On 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 ￿llin￿e 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 ￿n￿n(Ing the wrrenl pr8cUc8 of prodamation ol tha Gospel. at large gathe￿n9$ on e Sunday, and bu1￿1n9 r8laUoThships w￿h 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 Pre￿O￿¥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 appr0￿M8t&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 Q￿r￿nty appI￿ng to the ChaAty CornmL5sion gnd have nkgde an applie￿on lorwhlch wa awalt a decision. Th& Iwo E￿er8 8nd member8 ty￿11 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 $ervg. This %trlll b8 ongolng, seeknng thg fut1hernn¢e of Ihe d)ts￿h. Perfomianco achle¥•m¢nt We hav8 conllnued to cperatg thg clLtbs effertlveiy In IhL% yoar, and havo In¢rea$ed thè numbgr acwslog them. esp8clally tho Tlddlywlnks parent trnj chlld Glub. which Is wntlnualty Ov6rsubs￿b$d. The Art das5es lor ccmmunlty arg 8Isov8ry popular. and youth pwrams are also very Bclwe. MembgrsNp has hcrgasod. and the financ￿1 ￿rE has b8on Inc¥edlbty strw thls year wEth a 10•k urAIft OVgTalf In incthne. has provad to b8fortuhous, d8SPite the wff•)tfinand81 dlmate generalty. FINANCIAL REVIEW Flnancl81 posltlon GIv8n the current chanenging condlbons. al hrm8 and thraughoul the wortd. we have b88n vary encourw th31 gi￿n9 to HighfièkJ$ h8s Increased $19xlficantlyto mèat the [￿a￿￿ty oltho 8xpenditure throUghts￿ the ￿ar. The Statement of FlTran¢lg1 AGtlvlUes Shows total Incoming r8sOur￿3 for the year of £825,tA9 ¢omper8d to £722.947 for 128t year. Total resources expandèd for the year werE £793,678. Th1$ Spend 18 10% hlgher than 2022. duo lo a Incroase spoThJ on malntenall￿ and equip￿nt piu3 Inore899d staffing cosls, mainty due to pay rtsès to cornbatts wst of 5ivlno. G￿en kne ongolro thallenglry financlal cllmate. w8 have b8an vEry encouragod that gI￿ng to Hlghfield$ has kncfeas8d to m98t Ihe malorfty ol the In¢r8a$ed expendlture over lo last year. We had a 81gnnlcanl Increasa over 2022 and have been heartened that the incomlng OJnd5 have been sufficient to meet the ne8ds. The prfficlpal risks qs50¢1ated wilh the coming yoar would bè thé Inability for m6mbers to give eff8eUvety to Cover costs, and th￿0 may be a shortr￿{, Irthere are giver$ who stop glvlng for some rtsason, and we are Gurrently uslno the 8av8d rn￿ey for MSnlstry Appr8nS¢es and Illnlsty Interns, wh5ch ￿711 de￿ete the fund ￿thOut Incraased g￿lrI. We are hopeful Ihal vi￿ng 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$orvgs poll¢y At 31 December 2023 the ch&rlVs total tund3 amounted lo £1.146.186, 01 whlch £81.071 13 ti8d w> ￿thIn re8trknLed funds. Thls 168ves unrestricted funds of £1,065,115. As oyllined In the accounts, lh8 trustees havè deslgnaled £270.404 for spec￿lC puryose5 and a lurther £697,941 In a lund, oquattng to tha net book v4luB of knd and bulldlng$. 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 ag￿n, ￿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 ob￿C￿¥&$. Our Nms and Oblecuvgs h4v8 not ¢hangad, but tho way W8 concentrat8 on ¢ertaln asP$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 fvr￿r the church objects, by contlnuing to proc181m the me8$8ge of the gospel In Jarue Sunday gatherings, whtte also mdntaEning the $mall8r groups within the thurch famlly. lor Ihe malntenan¢e of friendships 8nd re18tbnshlps, and conthulng (x)mmunty involvement. ensurfng th8 conllnulng ol Hlghnolds Ghurth. Wè wlll and8avour to conttnua lo us• our r£sources In thls purFose, on5uAng w8 m8lntaln a heafthy ac1￿￿nI[n9 stsvcttjm. to enablè u$ 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)hfie￿9. 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 Pasto￿1, 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, ha￿ing 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 theIr￿l[lng￿Bss to 5tsrbd before 5ubrnltUng th6 namos of IIxJ5e d8Bmgd $ultsble and wlulng lo s￿d lo tho Church to vote upon by postal ballot. MombeTS wlll be glvon 3 wepks to rgbjrn baliol p8pgr& To bg thosen as an Elder, oach nomin88 musl receNe al1oa$t of tho ptyslbv6 votas of Ihe Church m￿berS YO￿ng. 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 ordina￿on SÈN¢e. Eliters $h811 a150 ba appjinted as Managlng Twstees. E￿ets, atBrtfrom Stsff Eklers, shall be elected fDr a of 4 year8,18 recgnl chang81 or 0$ long a3 Ihey CDnlinue os MeM￿r$ 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$t every E8V8n years. On expiry of th8 t8mi of 0ffl¢o, Eldors shall be eU¥trAa for r6-election. Thg duly 8￿cted &dgrs aro the Mana9ing Trustsè5 as lald down In thg Constlutlon. Thg Elder8 arg r¢$ponsibb frJr the ov¢¢sloht of Iho Church, lh8 CttU￿h di8￿pI￿ne, Ihe adn￿nIStra￿ort of the ChAllty and it5 funds In SECUrdan￿ %%ilh thg ¢onsI￿￿on. They Shall determing the struciur8. pufpD$E, and direction Of the church. Al Elder5 TllV5t b¥ members ot the Church and be in 4greem8nl ￿th the 83618 ol F￿th. Inducllon Bnd tralnlng of new Iru$teos Truste95 Df Hlghfields are a￿ayS ns are responslble, as dlroctod by th8 E￿ar$, for the adminlstratton and pra￿￿1 rnstters of the ¢hurth. They malnlln and admlnlstsr the ¢hur¢h In lemw of buildlTvJs. equlpment, procedure$ 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 OP￿￿t¢d by tho Etdws to carry out spedfio robs as dat6rmtned by the Eldars. All De8eon8, Assedoto WolKer8 and MI￿s￿ 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 $pedfi¢ duties YAII be rec¥rded tn the rnlnul8S Ot the Elders meetings and requasts provlded to Ihg ￿conS, The Dpacons Shall T2cord detaus and mlnutes tyl ony meetirvJ3 8nd copy Ih8s& ts the Elders. M8rnbèr5 of staff ￿ h88d up parti¢ubr areas of mlnlstry aTr named amon￿1 thi8 gro41. Deacon$ and Mln151ry Leader$ make day to day ded*ons obout tholr ar888 of Thltti8ty, but ￿11 Ualsg wth one or n￿re Ehlers about InN)ortant rnatte￿. Cortalft area5 of T￿PonsIbl111Y ar• dolegated to commlttegs, such as Flnanea and M15s1on. Both eommht8ss arg clalred by an Ehlar feportto Ihe Uders on 8 regu18r basls about ImportantdecI￿Qn$. Reldt•d p?rt1o5 No mattars to note U￿ar thls head[r￿. Dedarauon forn￿ arg provlded. Rlsk manHo•nont Thg Church's finar￿￿ are subjed to IndeperKlent Eyamlnatlon. Tha trvstees comply wlth Charfty Commi8slon advlce and dlTrcllws In the runnlnq ef thè Churth. The trustèe$ 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 $y8tem, we wanl lo kegp bttlow the maxlmutn insurFd levels of £85k p8r bank. We have a three Operational R8serve has b08n reviewed 8t Uie end of2023. taknng intrj a¢GOUnt salaryand 8tafflng levots and general oper2Ung costs ond has b8en held at £115,000. We balleve this roserve, ctsrnbined with regular rev1w￿ of Ihe )Inan¢ial systems, prn￿de sufficlenl rasourc88 kn the went of advErs& corKJibon$. 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 ro￿T￿ held by the Dlsclosure 2nd Barrf￿ S&￿e81088). In2023 we have &gain ￿VieWed rur Sofeguarding Pollty to take ￿t0 a¢cDunt ch8no88 In regisla￿on and best pra¢U¢e. We also £ompty ￿th lh8 Coda of prac￿Ce 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¥K￿81ve to 4nyono. hvhatev81 blglr disabllty. Aeces9 lo ojr pr8ml*s al ground levgl Is $lralghtfoThvard and wa have a Ilft to ensure (hat Wheel￿￿1r 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 $ervlces ￿nd rneellnus tapifig pk¢e the￿. We also glva trdnlng and 9ulde11Tr88 to those Involved In Sp0a￿ng, produclng presentations or nolce shouts or Man￿ng the PA or I￿hl￿ng to makè &bern 8wsre of thos& wllh or hearing impalmients. We reoularty wo¢*Jce 8r8ill• hymn sheel$ 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. R￿gllod 1110912023 Appoinled 0210712018 Appolnted OW0712018 Appolnl8d 0210T12018 polnled 0110912019 Appoinl8d 01109f20qg AppoSntqd 0110912019 Apw4nt8d 11104￿a22 Appolnted 1110412022 pginted 1110412022 Appolntad 11m4r2022 Appointed 0110412024 App￿nts# 011Q4￿024 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 IndO￿nd￿nI 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 FInar￿e} 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. Respon51blllt￿s *nd basls of report As Ihè charfty trust888 ol the Trust you aro re$kKn￿blg for tr8 preparatlon of tha a￿0unts h accordonco ￿th Iha r8quir8rnents ofthe Charfll8s Act 2011 Ilhe Act'i. I r8POrt in rospect of rny 8xamlnatK?n of the Trwvs acwunts ¢aftled ￿t und&r SaGUon 145 01 the A¢¢ and In carrylng Dut my oxwnlnauon I have foltowed all qppllc4bl8 Dlrectbns given by the Charity C0mmL8￿0n Lmdor s6¢th￿ I￿(5)(bI olthe Indgp¢nd8ntoxamlnorf$ 8tat•m¢nt Slnce your charfty¥ uross incom6 exce6ded £250,000 yO￿r 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 I￿1h 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 Qppli￿ble 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 conr*m$ &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 PromD￿on 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 p￿￿OtiOn 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￿$1￿¢(ed fvnds Restr￿le￿ funds Notes FIXED ASSETS Tangible assets 13 715,015 715,015 732.499 CURRENT ASSETS Debtors Cash al bank 14 51,74S 302,348 51,746 383.419 21,914 366,852 81,071 3N,094 81,071 435,165 388.766 CREDITORS Amounts falling due within one y8ar 15 13,9941 13.9941 18,4701 NET CURRENT ASSETS 350,100 431 171 382,296 TOTAL ASSETS LESS CURRENT LLABILITIES 1,065.115 81.071 7,146.186 1,114.79$ Ner ASSETS 1.065.115 81.OTt 1.146.186 1.174,795 FUNDS 17 Unr8$tricted funds R8Stricted funds 1,065.115 81,071 1,051,214 TOTAL FUNDS 1.114,795 The finonrial statements We￿ approved by the Board of Trustees and authorised for issue on nd were signed on its behalf by: G Cresswell (Chairtsf Trust￿s) A Rge$ 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 F￿0￿ded 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[V￿O$ 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$2 The ntsteB fi)mi partof those Ilnanciel Statem￿ts Pag&11 HIGHFIELDS CHURCH NOTES TO THE CASH FLOIIV 8TATEMENT FOR TrIE YEAR ENDED 31 DECEMgER 2023 RECONCILIATION OF NET INCOME TO NET CAgH F.LOW FROkl OPERITING ACTtvmES 2023 2022 Not Incom• for th¢ r•portlng porlod (as porthe Statement of Flnan¢knl Actlvrtl￿? Adlustsn?Nts for. Deprriglon ehar98S Int8rest recelvod Ilncraaseyd8cr8a88 In debtots Decrease in ¢redilor5 31.391 6,0¥2 34,052 16.7251 (29,8321 31.009 14421 20.3fj1 14.195 Not rAsh provjdgd byoporations ANALYSIS OF ¢HANQES IN NET FUNDS Ai 111r23 cash flow At31112r23 Net Cash Cash at bar 366 852 383419 Total 368,852 383.419 The notes form partof th￿ ftt7ancSal ststem8nts Paga 12 HIGHFIELDS GHURCH NOTES TO THE FINANCIAL STATEMeNTS FOR THE YEAR ENDED 31 DÈCEMBER 2023 STATUTORY INFORMATION Highfidds Church 1$ a reg1StBred charlty, regls18red In England and W￿6$ 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 I￿reSS b Monthwmer Road, CardEff, CF24 4QW. Th8 natur£ orth8 charlty's operation5 ond prin￿PaI &c￿￿1b'a8 disck)$ed wlthln tha Re￿rtOf th8 T￿$￿8$. Tha flnan¢ld 61at8menls are wo$ant￿ h stèiting (£1, the charW$ functional currency. and rtAJnd8d lo Ih nea￿St wund. The svjnlficant accou￿n9 poUcle8 applkd kn lh¢ preparation of these Ilnanclal 8ts1ements are #et out bdow. These pollL*s havv been coThsl&lernlly applled to att years prBsont8d unleES oth8Th￿Se sia18d. ACCOUNTING POLICIES BaJt6 of preparfn9 thè IlnaD¢lal $tat8rn0Mts Thg flnanclal statements of the ¢h8rity, whltrh 15 8 pubwc b¢n?fit antity under FRS 102. have been pr￿ared in acoydtnce wlth the Charitie$ SORP IFRS 102) 'A￿oun￿n9 and Reporting by Charfts8s'. St3lement of R8cofflFn8nd8d Practice apK￿CabIfy to Ch￿￿tieS preparhg thelr accounts In ac￿rdance wlth the Flnand81 Reptr￿ng 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 Ojstconv￿lCn. Tho fiTr&nclal $tatamants havo been preparEd to glve 8 ￿￿e end faiP ￿8w gnd have departed from thè CharIt￿$ ml$atk)n is 8X8mpl Irorn Incoma and corporaoon tax to the oxtènt that Its Sncns for charitable tSSUEs yuch os earthquake oppe815 8nd Ukralne. UCCF Fund- The fund was (¥eatèd to fvnd the Chr5slan ynlons. Christlans Agalnsl Povgty-The Ivnd was ereated to h8lpwlth pov6rty. P8narthfund- Opgnlng a new thurch In Penarth. Ihl$ 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 M￿Sk)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 $etasld& to help fund Dai Irb hLs worf(. A transfertsf £39,OW has be&n Tnade to the deaignated malntenantt hjnd in re8pe¢l of wryk carfed out on malnl8lnhg and updaling the P￿rnES8$. A trdnsfer of£S.000 has b¢6n made to the dest￿#t$d conlng8ncy fU￿d ITr raspgct to any thfoN89en omargency costs th81 may arfse. P8ge 22 ¢onffnu&g... HIGHFELD$ 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 ¥1*gme. The asseis of the $¢heme aro held separately from Ihose of the tharity in independentty adminl$ter8d lunds. Tr Pen￿0￿ 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 a￿￿lled 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 w*8 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•B￿ber 2023 ortorlhe yegr endod 31 D8eèrnbar2022. PogB 23