**Charity number: 1179013**
## **HIGHFIELDS CHURCH**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
## **HIGHFIELDS CHURCH**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Trustees' responsibilities statement**|8|
|**Independent examiner's report**|9 - 10|
|**Statement of financial activities**|11|
|**Balance sheet**|12|
|**Statement of cash flows**|13|
|**Notes to the financial statements**|14 - 33|
## **HIGHFIELDS CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Trustees**|G Cresswell (resigned 30 June 2025)|
|---|---|
||A Rees (resigned 30 June 2025)|
||Rev D Gobbett|
||Rev J Reeves|
||J Phillips|
||Dr R Hughes|
||D Evans|
||D Bhakia Raj|
||Dr A Williams|
||E Gooderham|
||Dr C Ng|
||John Clayton (appointed 1 January 2025)|
||Joseph Sunday (appointed 4 May 2025)|
|**Charity registered**
**number**
1179013
**Principal office**
Monthermer Road
Cardiff
CF24 4QW
**Accountants**
MHA
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
**Bankers**
Lloyds TSB
1 Queen Street
Cardiff
CF10 2AS||
Page 1
**HIGHFIELDS CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Structure governance and management**
The full name of the charity is Highfields Church and is known as Highfields. We are a CIO, incorporated in June 2018.The Current Constitution was ratified on 2nd July 2017.
## **Method of election of Elders/Trustees**
Instruction shall be given to Church Members concerning the biblical qualifications of an Elder. In addition, potential Elders, apart from those referred to in 4.2.2 (Pastors, Associate Pastors, and Assistant Pastors), should normally have been members of the church for at least 2 years. All Church Members shall be invited to submit, by hand or post, their nomination of Member(s) of the Church for the office of Elder, having been given at least two weeks notification to do so. The Elders will consider all nominations received to ensure the nominees are members and suitable for office. The existing Elders will then seek confirmation from the nominees of their willingness to stand before submitting the names of those deemed suitable and willing to stand to the Church to vote upon by postal ballot. Members will be given 3 weeks to return ballot papers.
To be chosen as an Elder, each nominee must receive at least two-thirds of the positive votes of the Church Members voting. Those persons duly confirmed by the Church through voting, will be invited to accept the office. Those persons duly chosen as Elders shall be recognised at an Ordination Service. Elders shall also be appointed as Managing Trustees.
Elders, apart from Staff Elders, shall be elected for a period of 4 years, or as long as they continue as members of the church, or until they resign, or until they are removed from office, whichever is the earlier. An election or re-election of Elders shall be held at least every four years. On expiry of the term of office, Elders shall be eligible for re-election, until a maximum of 2 consecutive terms has been served, and then a year should pass before their next election.
The duly elected Elders are the Managing Trustees as laid down in the Constitution. The Elders are responsible for the spiritual oversight of the Church, the Church discipline, the administration of the Charity and its funds in accordance with the constitution. They shall determine the structure, purpose, and direction of the church. All Elders must be members of the Church and be in agreement with the Basis of Faith.
## **Induction and training of new trustees**
Trustees of Highfields are always those who have been members of the church for a significant period of time, and hence are generally familiar with its activities. They have copies of the previous annual reports and constitution. They are made familiar with the responsibilities of trustees when they take up their post. The regular input from different ministry leaders to the Elders' meetings provides the trustees with the ability to keep up to date with the charity's activities on an ongoing basis.
## **Organisational structure**
As of 31st December 2025 there are 11 Elders, these include five staff elders, Lead Pastor, Dave Gobbett, Associate Pastor Jon Reeves, Assistant Pastor John Clayton and Internationals worker Rowland Hughes. David Bhakia Raj is a worker supported by donations to an outside organisation from the church, but is not directly employed by the church, however, for the purposes of the charity running and organisation, is considered staff, and therefore is absent for financial discussions that may be impacted by his attendance. Elders typically meet every two weeks to manage the affairs of the church.
The Elders may delegate the running of certain administrative and practical affairs of the Church and ministries, as they see fit, to Deacons, Associate workers, and Ministry Leaders. Deacons are responsible, as directed by the Elders, for the administration and practical matters of the church. They maintain and administer the church in terms of buildings, equipment, procedures and format. Ministry Leaders are primarily involved in word, pastoral and prayer-based ministries as directed by the Elders. Associate Workers are those appointed by the Elders to carry out specific roles as determined by the Elders. All Deacons, Associate Workers and Ministry Leaders must be members of the church and be in agreement with the Basis of Faith.
Requests by the Elders for the Deacons to undertake specific duties will be recorded in the minutes of the Elders meetings and requests provided to the Deacons. The Deacons shall record details and minutes of any meetings and copy these to the Elders.
Page 2
**HIGHFIELDS CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
Members of staff who head up particular areas of ministry are named amongst this group. Deacons and Ministry Leaders make day to day decisions about their areas of ministry, but will liaise with one or more Elders about important matters.
Certain areas of responsibility are delegated to committees, such as Finance and Mission. Both committees are chaired by an Elder and report to the Elders on a regular basis about important decisions.
## **Related parties**
No matters to note under this heading. Declaration forms are provided.
## **Risk management**
The Church's finances are subject to external examination. The trustees comply with Charity Commission advice and directives in the running of the Church. The trustees are satisfied that major risks are being assessed and systems put in place for their mitigation. Financially, the Church continues to be well supported by members and remains able to meet all commitments.
In general, given the current economic climate and public concern over the stability of the banking system, we keep below the maximum insured levels of £120k per bank. We have a three month Operational Reserve which has been reviewed at the end of 2025, taking into account salary increases and staffing levels and general operating costs and has been set at £130,000. We believe this reserve, combined with regular reviews of the financial systems, will provide sufficient resources in the event of adverse conditions.
Highfields Church is committed to protecting any vulnerable people we come into contact with. As part of this we have a Safeguarding Policy which requires all paid and voluntary workers who have responsibility for children or vulnerable adults to apply for an Enhanced Disclosure of any record held by the Disclosure and Barring Service (DBS). In 2025 we have again reviewed our Safeguarding Policy to take into account changes in legislation and best practice. We also comply with the Code of Practice set out by the voluntary body 31:8, in matters of confidentiality and safe keeping of records.
We comply with the Disability Discrimination Act and make every effort to be inclusive to anyone, whatever their disability. Access to our premises at ground level is straightforward and we have a lift to ensure that wheelchair users can get onto the 1st floor without any difficulty. We have a loop system in the chapel to help those who are hearing impaired to be able to be fully involved in the services and meetings taking place there. We also give training and guidelines to those involved in speaking, producing presentations or notice sheets or manning the PA or lighting to make them aware of those with visual or hearing impairments. We can produce Braille hymn sheets on our Braille printer.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
## **Charitable objects**
The charity's objective and principal activity continues to be the promotion of Christianity. The object is met through the operation of a church and its associated activities such as Sunday Services, weekly clubs and activities for children of all ages as well as students, internationals and older members of the community.
## **Public benefit**
The organisation’s trustees can confirm that they have given due regard to public benefit guidance published by the Charity Commission. Significant activities that we undertook during the year that demonstrate public benefit are set out on the following pages.
## **Activities**
We run a whole range of activities for all ages in Highfields Church. One of the most popular ways in which we serve the local community is through our pre-school groups, which run on Monday and Thursday mornings
Page 3
**HIGHFIELDS CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
(Tiddlywinks Parent & Toddler Group). Many parents & carers from the local community (most of whom are nonHighfields families), come along with their pre-schoolers and enjoy taking part in these activities, and making friends. Other groups from the community have made more use of our premises in the recent months, and we have rented Dalton Street on a regular basis to an additional needs support group that provides daytime care for those clients with additional needs during educational establishment holidays, as a respite service. Our Wednesday Kids club for primary age is full to capacity, and our Edge and Gen groups on Friday for Comprehensive age children is also very busy on a Friday night with over 80 teenagers attending the both groups. A Friday evening group for Yr 4-7 is also at capacity.
We continue to have excellent relationships with a number of local primary and secondary schools where we are regularly invited in to take assemblies and input into religious education lessons as part of the National Curriculum and also, in the past, hosted local school’s Christmas concerts. Many local children come along to our weekly clubs, with 180 or more attending the special holiday clubs taking place in the school holidays.
Highfields runs a significant ministry for Internationals in Cardiff; We hold women's English Conversation Classes on Monday and Tuesday mornings and there is also a Women's Sewing Class held every Monday lunchtime. These groups primarily serve women from predominantly Muslim countries.
Every so often an International Families event is held which includes international food and games for the children, and an ever-increasing ministry involving children with Additional Needs has started to be more significant in terms of numbers of attendees.
We also provide opportunities for Internationals to find out more about the Christian faith through a weekly bible study, held on Sunday afternoon.
On Sundays we run an International Lunch that is specifically aimed at International Students.
Each year we take internationals on a Weekend Away. We also have an influx of Hong Kong Chinese resettled in Cardiff and groups specifically for them have been initiated and are continuing.
We continue to reach out to students attending the local universities, and our student ministry continues to be busy, with 80 - 100 students regularly attending a weekly dinner and bible study as well as attending the church services.
The Dalton Street Centre is used by Highfields for other ministries, such as the Resource Training Course run in partnership with other churches in South Wales as well as events run by the students who attend the church – Christian Unions from Cardiff University and Cardiff Met as well as the Christian Medical Fellowship. The University’s Broadway Dance Society has also used the hall as a rehearsal space during 2025.
We also run a very popular weekly coffee morning on Thursdays, which is attended by people of all ages from the local community as well as members of the Highfields Church congregation.
Specific outreach activities, such as a 3-2-1 Course and Christianity Explored Course for those who wish to find out more about the Christian faith are run from Highfields Church, and we regularly hold events or services particularly aimed at non-Christians, where they can find out more.
In addition, we also work with other organisations to provide a variety of activities for the local community. This includes adult education art classes, and use of the premises for elections.
## **Volunteers**
The charity's different activities are run mainly by volunteers, many of whom are members of the church. Almost all the activities run at Highfields would not be possible without the input of volunteers on a weekly basis. This includes people running and helping with the clubs and activities for children of all ages, as well as the groups during the week for students, internationals, church members and being available for external hirers.
We also have volunteers who man the reception desk. There are well over 150 people who week by week help
Page 4
**HIGHFIELDS CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
with these activities, giving up 2 or more hours of their time every week.
## **ACHIEVEMENT AND PERFORMANCE**
During 2025 we have continued to make it a priority to welcome new people and integrate them into the life of the church and have continued our focus on encouraging people to join small groups that meet regularly together for study, prayer and fellowship at various locations across the city. We have over 20 small groups that meet together weekly for this purpose, as well as our 20s ministry, where up to 80 people in their 20s meet together weekly in order to study God's word and encourage one another in their faith.
Throughout the year we run weekly clubs for children aged 4-18, these are open to the community as well as church families, and we continue to see regular attendance of over 200 children and young people. In addition, our summer holiday club attracts close to 200 children.
During term time we regularly see about 120 students attending the church on a Sunday, with 80-100 of these regularly attending Bible Study groups during the week. There is a smaller number of them who meet up with other members of the church in the week, to study the Bible and pray together. This is a real encouragement to the students, as they face the challenges of university life. The students are also great at getting involved in serving in wider church ministries, such as Children’s & Youth Work.
The Internationals team continues to have links with over 30 Internationals, many of whom come along to one or more of the weekly activities.
The popularity of our English Conversation Classes for women on Mondays and Tuesdays continues to grow, with at least 30 students in 4 different level groups taking place on both days. A crèche is sometimes provided to enable the mothers to study. Weekly internationals games evenings (Primarily Table tennis and Badminton) is also offered, which is popular with members of the Asian community, especially the recently immigrated Hong Kong Chinese groups. A bible study is also offered for these people.
The other community activities that take place at Highfields continue to see sustained interest. Art classes continue running on Friday mornings and afternoons throughout the terms, with 15-20 attending each session.
As ever, the building is regularly used for Children's Parties, and we hope to continue to welcome schools into our premises for special events such as carol concerts or end of year services. We also visit schools and take classes at Easter and Christmas, and at other occasions throughout the year. Many of the families have links with the church through children attending the church or clubs and activities that take place here.
## **Strategies for Aims and Objectives**
We continue to seek to further the Aims of the organisation, by continuing the current practice of proclamation of the Gospel, at large gatherings on a Sunday, and building relationships with others through the variety of small groups that operate during the week. Further, initial contact with those not known to us is sought by enabling access to community groups such as 3C’s Coffee Morning, and child related activities such as parent and toddler groups. Also opening the building for outside hire, such as Art classes, additional needs groups, elections, helps get us recognition within the community. We aim to continue to do this and will see the effectiveness with increased engagement from those, both within and without, who previously may not have been present. We are also a Christians Against Poverty (CAP) debt centre and employ a manager to oversee this activity 2 days per week.
In the longer term, we will assess our staff structure, which will be adapted to the needs of the church and the community we serve. This will be ongoing, seeking the furtherance of the church.
## **Performance Achievement**
We have continued to operate the clubs effectively in this year, and have increased the number accessing them, especially the Tiddlywinks parent and child club. The Art classes for the local community are also very popular, and youth programs are also very active.
Membership has increased, and the financial picture has been steady this year although there has been a 6%
Page 5
**HIGHFIELDS CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
drop overall in income, regular monthly giving has increased by 4% which gives us stability both for 2025 and in the future.
## **FINANCIAL REVIEW**
Given the current challenging conditions, at home and throughout the world, we have been very encouraged that giving to Highfields has increased significantly to meet the majority of the expenditure throughout the year.
The Statement of Financial Activities shows total incoming resources for the year of £825,506 compared to £875,180 for last year. Total resources expended for the year were £872,839. This spend is 1% higher than 2024. Therefore, costs have remained consistent.
At 31 December 2025 the charity's total funds amounted to £1,112,259, of which £47,281 is tied up within restricted funds. This leaves unrestricted funds of £1,064,978. As outlined in the accounts, the trustees have designated £908,575 for specific purposes including the building fund, therefore after excluding fixtures and fittings, the charity has free reserves of £156,403.
Although encouraged by the giving in 2025, the trustees are aware of the challenges of the coming year again, with increased staff costs related to increased salaries and pension costs.
The trustees consider the financial position to be satisfactory.
The principal risks associated with the coming year would be the inability for members to give effectively to cover costs, and there may be a shortfall, if there are givers who stop giving for some reason, and we are currently using the saved money for Ministry Interns, which will deplete the fund without increased giving. We have every confidence as this has been the experience of the previous year, and there have been no substantial changes in the membership that would indicate otherwise.
## **FUTURE DEVELOPMENTS**
We have completed the process of reviewing our vision for the church and this was renewed in June 2023. This has set the strategic direction for the church for the next five years, both building on our strengths and maximising our opportunities to meet our charitable objectives. Our Aims and Objectives have not changed, but the way we concentrate on certain aspects of the new vision will adapt the way the implement our services within the church setting. We will endeavour to get all groups within the church to embrace the vision and operate accordingly.
Page 6
**HIGHFIELDS CHURCH**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Future Plans**
We aim to continue to further the church objects, by continuing to proclaim the message of the gospel in large Sunday gatherings, while also maintaining the smaller groups within the church family, for the maintenance of friendships and relationships, and continuing community involvement, ensuring the continuing of Highfields Church. We will endeavour to continue to use our resources in this purpose, ensuring we maintain a healthy accounting structure, to enable us to effectively manage the resources available. We have significantly renewed parts of the building and will spend more in the coming year to keep it in good order, and safe for use, in line with our Environmental and H&S policies. A review of the Asbestos in Dalton Street has produced no immediate changes that are of note, however any future planned building work will need to be effectively orchestrated to avoid expensive remediation or potential hazards to health.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
**J Phillips** (Chair of Trustees)
Date:
Page 7
## **HIGHFIELDS CHURCH**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
................................................ **J Phillips** (Chair of Trustees)
Date:
Page 8
**HIGHFIELDS CHURCH**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Independent Examiner's Report to the Trustees of Highfields Church ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Page 9
**HIGHFIELDS CHURCH**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025**
Signed:
Dated:
Rachel Doyle ACA DChA
MHA MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
Page 10
**HIGHFIELDS CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
**Total income**
**Expenditure on:**
Charitable activities
8
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
16
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**104,232**
**13,600**
**-**
**-**
**-**
**117,832**
**159,480**
**159,480**
**(41,648)**
**45,596**
**3,948**
**43,333**
**3,948**
**47,281**|**Unrestricted**
**funds**
**2025**
**£**
**649,808**
**29,368**
**8,072**
**11,355**
**9,071**
**707,674**
**713,359**
**713,359**
**(5,685)**
**(45,596)**
**(51,281)**
**1,116,259**
**(51,281)**
**1,064,978**|**Total**
**funds**
**2025**
**£**
**754,040**
**42,968**
**8,072**
**11,355**
**9,071**
**825,506**
**872,839**
**872,839**
**(47,333)**
**-**
**(47,333)**
**1,159,592**
**(47,333)**
**1,112,259**|_Total_
_funds_
_2024_
_£_
_794,442_
_51,175_
_12,310_
_9,275_
_7,978_
_875,180_|
|---|---|---|---|---|
|||||_861,774_
_861,774_|
|||||_13,406_
_-_
_13,406_|
|||||_1,146,186_
_13,406_
_1,159,592_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 14 to 33 form part of these financial statements.
Page 11
## **HIGHFIELDS CHURCH**
## **BALANCE SHEET AS AT 31 DECEMBER 2025**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Investments
14
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
16
Unrestricted funds
16
**Total funds**|**56,792**
**135,970**
**267,723**
**460,485**
**(16,950)**|**2025**
**£**
**668,724**
**668,724**
**443,535**
**1,112,259**
**1,112,259**
**47,281**
**1,064,978**
**1,112,259**|_52,084_
_117,779_
_309,795_
_479,658_
_(13,885)_|_2024_
_£_
_693,819_|
|---|---|---|---|---|
|||||_693,819_
_465,773_|
|||||_1,159,592_|
|||||_1,159,592_|
|||||_43,333_
_1,116,259_|
|||||_1,159,592_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
**J Phillips** (Chair of Trustees)
## Date:
The notes on pages 14 to 33 form part of these financial statements.
Page 12
## **HIGHFIELDS CHURCH**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Interest Received
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
**Net cash provided by investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2025**
**£**
**(49,620)**
**11,778**
**-**
**(4,230)**
**7,548**
**-**
**(42,072)**
**309,795**
**267,723**|_2024_
_£_
_(74,372)_
_9,275_
_1,300_
_(9,827)_
**748**
**-**
**(73,624)**
_383,419_
_309,795_|
|---|---|---|
The notes on pages 14 to 33 form part of these financial statements
Page 13
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1. General information**
Highfields Church is a registered charity, registered in England and Wales under charity number 1179013. The governing document of Highfields Church is its Constitution and it is a Charitable Incorporated Organisation (CIO). The principal address is Monthermer Road, Cardiff, CF24 4QW. The nature of the charity's operations and principal activities is disclosed within the Report of Trustees.
The financial statements are presented in Sterling (£), the charity's functional currency, and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Highfields Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
No material uncertainties exist relating to events or conditions that may cast significant doubt upon the entity's ability to continue as a going concern.
Page 14
**HIGHFIELDS CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
This includes capital grants.
Donations and legacies income includes donations, gifts and grants that provide core funding or are of a general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. This income is recognised where there is entitlement, when the receipt is probable and the amount can be measured reliably. Income is deferred when the amounts received are in advance of the performance of the service or event to which they relate.
Income from other trading activities is recognised as the related services are provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Income is deferred when the amounts received are in advance of the delivery of the service or event to which it relates.
Investment income is recognised on a receivables basis.
It is not the policy of the charity to show income net of expenditure.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Support costs are those costs that, whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. This includes "Governance costs" which are those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity as well as a proportion of salaries based on an approximation of time spent in this area.
Expenditure includes VAT as the charity is not VAT registered.
Page 15
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Accounting policies (continued)**
## **2.5 Allocation and apportionment of costs**
All costs are allocated between the expenditure categories on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
|Freehold property|- 50 years straight line|
|---|---|
|Fixtures and fittings|- 4 to 8 years straight line|
|Freehold land|- not depreciated|
## **2.7 Taxation**
As a registered charity the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the organisation and is therefore included in the relevant costs in the Statement of Financial Activities.
## **2.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 16
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. Accounting policies (continued)**
## **2.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Operating leases**
Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.
## **2.12 Pensions**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension are charged to the Statement of Financial Activates in the period to which they relate.
## **2.13 Capital grants**
Capital grants are accounted for in accordance with FRS 102 SORP. The board of trustees consider that in order to comply with the SORP, grants of a capital nature given for specific purposes and fully utilised in the furtherance of the charity's objectives should be credited to the building fund after the sums have been properly expended on the restricted purpose. The related assets are shown in the balance sheet at cost or valuation.
## **2.14 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 17
## **HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **3. Income from donations and legacies**
|Donations/offerings
Donations/offerings|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
104,232
649,808
_Restricted_
_funds_
_2024_
_Unrestricted_
_funds_
_2024_
_£_
_£_
_159,564_
_634,878_|**Total**
**funds**
**2025**
**£**
**754,040**|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_794,442_|
## **4. Income from charitable activities**
|Youth and children's work
Pre-school
Bookstall
Internationals
Network courses
Students
Christians Against Poverty
Connection
Conversation classes|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
-
10,468
-
2,152
-
504
-
1,531
-
1,491
-
11,662
13,600
-
-
840
-
720
13,600
29,368|**Total**
**funds**
**2025**
**£**
**10,468**
**2,152**
**504**
**1,531**
**1,491**
**11,662**
**13,600**
**840**
**720**
**42,968**|
|---|---|---|
Page 18
## **HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **4. Income from charitable activities (continued)**
|Youth and children's work
Pre-school
Bookstall
Internationals
Network courses
Students
Christians Against Poverty
Connection
Conversation classes|_Restricted_
_funds_
_2024_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_15,930_
_-_
_-_
_15,930_|_Unrestricted_
_funds_
_2024_
_£_
_9,582_
_1,762_
_458_
_5,337_
_7,260_
_8,921_
_-_
_1,105_
_820_
_35,245_|_Total_
_funds_
_2024_
_£_
_9,582_
_1,762_
_458_
_5,337_
_7,260_
_8,921_
_15,930_
_1,105_
_820_
_51,175_|
|---|---|---|---|
## **5. Income from other trading activities**
**Income from non charitable trading activities**
|**Unrestricted**
**funds**
**2025**
**£**
Use of premises
8,072
_Unrestricted_
_funds_
_2024_
_£_
Use of premises
_12,310_|**Total**
**funds**
**2025**
**£**
**8,072**|
|---|---|
||_Total_
_funds_
_2024_
_£_
_12,310_|
Page 19
## **HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6. Investment income**
|**Unrestricted**
**funds**
**2025**
**£**
Bank interest receivable
11,355
_Unrestricted_
_funds_
_2024_
_£_
Bank interest receivable
_9,275_|**Total**
**funds**
**2025**
**£**
**11,355**|
|---|---|
||_Total_
_funds_
_2024_
_£_
_9,275_|
## **7. Other incoming resources**
|Other incoming
Other incoming|**Unrestricted**
**funds**
**2025**
**£**
9,071
_Unrestricted_
_funds_
_2024_
_£_
_7,978_|**Total**
**funds**
**2025**
**£**
**9,071**|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_7,978_|
Page 20
## **HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|The promotion of Christianity
The promotion of Christianity|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
159,480
713,359
_Restricted_
_funds_
_2024_
_Unrestricted_
_funds_
_2024_
_£_
_£_
_197,302_
_664,472_|**Total**
**2025**
**£**
**872,839**|
|---|---|---|
|||_Total_
_2024_
_£_
_861,774_|
## **9. Analysis of expenditure by activities**
|The promotion of Christianity
The promotion of Christianity|**Activities**
**undertaken**
**directly**
**2025**
**£**
781,309
_Activities_
_undertaken_
_directly_
_2024_
_£_
_741,709_|**Support**
**costs**
**2025**
**£**
91,530
_Support_
_costs_
_2024_
_£_
_120,065_|**Total**
**funds**
**2025**
**£**
**872,839**|
|---|---|---|---|
||||_Total_
_funds_
_2024_
_£_
_861,774_|
Page 21
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Staff training and expenses
Administration costs
Premises expenses
Bookstall expenses
Other miscellaneous costs
Pulpit
Pastoral
Evangelism
Youth and children's work
Internationals
Students
Pre-school
Network
Dalton Street project costs (excluding staff costs)
Grants payable - Missionary Support
Conversational classes
Christians Against Poverty
Donations - Specific appeals
Connection
Depreciation|**Total**
**funds**
**2025**
**£**
**381,748**
**23,291**
**57,594**
**66,537**
**605**
**6,479**
**2,925**
**1,247**
**7,025**
**16,198**
**4,467**
**12,316**
**1,206**
**5,007**
**7,779**
**124,928**
**734**
**9,141**
**21,912**
**845**
**29,325**
**781,309**|_Total_
_funds_
_2024_
_£_
_324,611_
_17,137_
_45,705_
_50,969_
_432_
_46,527_
_2,342_
_3,718_
_4,601_
_15,101_
_5,480_
_9,974_
_476_
_2,435_
_7,765_
_134,294_
_569_
_10,079_
_26,902_
_2,189_
_30,403_
_741,709_|
|---|---|---|
Included within direct costs of charitable activities above are grants payable of £124,928 (2024: £134,294) to Missionaries. All grant money was paid to Mission Organisations (prior year: £26,480 was paid to 2 individuals and 105,667 to 15 Mission Organisations).
Page 22
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Other costs
Governance costs|**Total**
**funds**
**2025**
**£**
**58,411**
**29,169**
**3,950**
**91,530**|_Total_
_funds_
_2024_
_£_
_86,427_
_30,458_
_3,180_
_120,065_|
|---|---|---|
Included within support costs are independent examination fees of £3,950 (2024: £3,180)
## **10. Staff costs**
|Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
**381,048**
**30,997**
**28,114**
**440,159**|_2024_
_£_
_352,160_
_26,727_
_32,151_|
|---|---|---|
|||_411,038_|
Total remuneration paid to trustees and key management personnel in the year was £217,987 (2024: £194,728 ).
The average number of persons employed by the Charity during the year was as follows:
||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Employees|**15**|_14_|
No employee received remuneration amounting to more than £60,000 in either year.
Page 23
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **11. Trustees' remuneration and benefits**
The following remuneration was paid to trustees during the year:
||||**2025**|_2024_|
|---|---|---|---|---|
|**Trustee**|**Role**||**£**|_£_|
|D Gobbett|Lead Pastor|Salary|**48,229**|_46,589_|
|||Pension|**1,515**|_1,471_|
|J Reeves|Associate Pastor|Salary|**39,301**|_38,689_|
|||Pension|**1,234**|_1,222_|
|M Teutsch|Associate Pastor|Salary|**12,073**|_27,631_|
|||Pension|**-**|_873_|
|J Clayton|Associate Pastor|Salary|**31,033**|_-_|
|||Pension|**720**|_-_|
|R Hughes|Internationals worker|Salary|**32,482**|_31,309_|
|||Pension|**1,018**|_989_|
Payment is permitted by virtue of paragraph 6.3 of the constitution adopted 2 July 2017.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2025 or for the year ended 31 December 2024.
## **12. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2025
Additions
At 31 December 2025
**Depreciation**
At 1 January 2025
Charge for the year
At 31 December 2025
**Net book value**
At 31 December 2025
_At 31 December 2024_|**Freehold**
**property**
**£**
**1,031,227**
**-**
**1,031,227**
**433,911**
**20,625**
**454,536**
**576,691**
_597,316_|**Freehold**
**land**
**£**
**80,000**
**-**
**80,000**
**-**
**-**
**-**
**80,000**
_80,000_|**Fixtures and**
**fittings**
**£**
**69,073**
**4,230**
**73,303**
**52,570**
**8,700**
**61,270**
**12,033**
_16,503_|**Total**
**£**
**1,180,300**
**4,230**
**1,184,530**|
|---|---|---|---|---|
|||||**486,481**
**29,325**
**515,806**|
|||||**668,724**|
|||||_693,819_|
Page 24
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **13. Debtors**
|**Due within one year**
Gift aid debtor
Prepayments and accrued income|**2025**
**£**
**34,221**
**22,571**
**56,792**|_2024_
_£_
_30,402_
_21,682_|
|---|---|---|
|||_52,084_|
## **14. Current asset investments**
Savings accounts
|**2025**|_2024_|
|---|---|
|**£**|_£_|
|**135,970**|_117,779_|
The prior year comparatives have also been reclassified to show notice savings accounts as current asset investments instead of cash and bank balances.
## **15. Creditors: Amounts falling due within one year**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Accruals and deferred income|**16,950**|_13,885_|
Page 25
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **16. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
**Designated funds**
Designated Fund - Building
fund
Designated Fund - Operations
reserve
Designated Fund - Contingency
fund
Designated Fund - Training
(Immanuel)
Designated Fund - Ministry
Apprentices
Designated Fund -
Maintenance fund
**General funds**
General Fund
**Total Unrestricted funds**|**Balance at 1**
**January**
**2025**
**£**
**677,316**
**130,000**
**29,924**
**19,041**
**19,870**
**57,349**
**933,500**
**182,759**
**1,116,259**|**Income**
**£**
**-**
**-**
**-**
**200**
**-**
**-**
**200**
**707,474**
**707,674**|**Expenditure**
**£**
**(20,625)**
**-**
**-**
**(13,025)**
**(22,695)**
**(35,856)**
**(92,201)**
**(621,158)**
**(713,359)**|**Transfers**
**in/out**
**£**
**-**
**5,000**
**76**
**15,000**
**42,000**
**5,000**
**67,076**
**(112,672)**
**(45,596)**|**Balance at**
**31**
**December**
**2025**
**£**
**656,691**
**135,000**
**30,000**
**21,216**
**39,175**
**26,493**
**908,575**|
|---|---|---|---|---|---|
||||||**156,403**|
||||||**1,064,978**|
Page 26
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **16. Statement of funds (continued)**
## **Designated funds**
Designated funds are set up by resolution of the Finance Committee and are approved by the Elders of the church.
Building fund - this is the amount designated to match the net book value of the land and buildings.
Operations reserve - this fund is intended to meet 3 months of the total operating costs of the church, including staff salaries.
Contingency fund- this fund has been set up to deal with any unforeseen emergency costs that may arise.
Training (Immanuel) - gifts received in previous years set aside to be used for training.
Missionary fund - has been set up to deal with income which has been designated by the church for missionary work.
Ministry Apprentices - this fund has been created to set aside funds to support ministry apprentice costs.
Maintenance fund - this fund has been created to set aside funds for maintenance work to be carried out.
## **Restricted funds**
|**Restricted funds**||||||
|---|---|---|---|---|---|
|Missionary fund
Dai Hankey fund
Student Friends of Highfields
fund
Sharing our lives fund
Good Causes
UCCF Fund
Christians Against Poverty
Street Pastors
**Total of funds**|**62**
**2,083**
**3,500**
**29,437**
**5,945**
**1,875**
**431**
**-**
**43,333**
**1,159,592**|**77,142**
**1,500**
**-**
**10,193**
**6,422**
**3,375**
**14,200**
**5,000**
**117,832**
**825,506**|**(106,287)**
**(19,685)**
**-**
**(10,102)**
**(5,426)**
**(3,000)**
**(14,980)**
**-**
**(159,480)**
**(872,839)**|**29,145**
**16,102**
**-**
**-**
**-**
**-**
**349**
**-**
**45,596**
**-**|**62**
**-**
**3,500**
**29,528**
**6,941**
**2,250**
**-**
**5,000**
**47,281**|
||||||**1,112,259**|
Page 27
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **16. Statement of funds (continued)**
## **Restricted funds**
The missionary fund - relates to offerings given under the gift aid scheme, designated for this particular fund. These offerings are paid over to the Missionary Committee in the month following their allocation, to be used as the committee sees fit.
Dai Hankey fund - Dai is a missionary who has set up a church in Adamsdown - Mercy Church and an anti-slavery charity, Red Community. This fund was set up to help finance Dai in his work. The fund has stopped being used during the course of 2025 and Dai is supported from the Missionary Fund.
Student Friends to Highfields fund - the fund was created to allow students who have attended Highfields, but since left Cardiff, to give to a fund created to support the student ministry at Highfields.
Sharing our lives - This fund has been designed to help those currently experiencing financial hardship.
Good Causes - The fund was created for donations for charitable issues such as earthquake appeals and Ukraine.
UCCF Fund - The fund was created to fund the christian unions.
Christians Against Poverty - The fund was created to help with poverty.
Street Pastors - The fund was created to fund Cardiff Street Pastors who volunteer in Cardiff City centre and offer bottles of water, flip flops, a listening ear, help to find a taxi, help to get medical care etc. overnight to clubbers on a night out.
## TRANSFERS BETWEEN FUNDS
Transfers totalling £112,672 have been made from the general fund to a number of designated and restricted funds in the year as outlined below:
- A transfer of £42,000 to the designated Ministry Apprentices fund to be used towards the costs associated with ministry apprentices.
- A transfer of £5,000 has been made to the designated maintenance fund in respect of work carried out on maintaining and updating the premises.
- A transfer of £5,000 has been made to the designated operation reserve fund in respect to the operation reserve policy - maintaining 3 months of costs as a reserve.
- A transfer of £15,000 has been made to the designated Training (immanuel) fund to be set aside for training costs.
- A transfer of £76 has been made to the designated Contingency fund.
- A transfer of £16,102 has been made to the restricted Dai Hankey fund to help cover costs.
- A transfer of £29,145 has been made to the restricted Missionary fund to help cover costs.
- A transfer of £349 has been made to the restricted Christians Against Poverty fund to help cover costs.
Page 28
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **16. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Designated Fund - Building
fund
Designated Fund - Operations
reserve
Designated Fund - Contingency
fund
Designated Fund - Training
(Immanuel)
Designated Fund - Missionary
fund
Designated Fund - Ministry
Apprentices
Designated Fund -
Maintenance fund
**General funds**
General Fund
**Total Unrestricted funds**
**Restricted funds**
Missionary fund
Dai Hankey fund
Student Friends of Highfields
fund
Sharing our lives fund
Good Causes
UCCF Fund
Christians Against Poverty|_Balance at_
_1 January_
_2024_
_£_
_697,941_
_115,000_
_29,923_
_16,560_
_17,400_
_35,619_
_54,027_
_966,470_
_98,645_
_1,065,115_
_11,557_
_11,564_
_3,365_
_32,288_
_3,954_
_1,250_
_307_|_Income_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_715,616_
_715,616_
_74,567_
_22,159_
_1,335_
_4,910_
_4,533_
_3,625_
_16,638_|_Expenditure_
_£_
_(20,625)_
_-_
_-_
_(12,519)_
_(17,400)_
_(33,749)_
_(18,678)_
_(102,971)_
_(561,501)_
_(664,472)_
_(86,062)_
_(31,640)_
_(1,200)_
_(7,761)_
_(2,542)_
_(3,000)_
_(16,514)_|_Transfers_
_in/out_
_£_
_-_
_15,000_
_-_
_15,000_
_-_
_18,000_
_22,000_
_70,000_
_(70,000)_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_Balance at_
_31_
_December_
_2024_
_£_
_677,316_
_130,000_
_29,923_
_19,041_
_-_
_19,870_
_57,349_
_933,499_|
|---|---|---|---|---|---|
||||||_182,760_|
||||||_1,116,259_|
||||||_62_
_2,083_
_3,500_
_29,437_
_5,945_
_1,875_
_431_|
Page 29
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **16. Statement of funds (continued)**
**Statement of funds - prior year (continued)**
|Penarth Fund
**Total of funds**|_Balance at_
_1 January_
_2024_
_£_
_16,786_
_81,071_
_1,146,186_|_Income_
_£_
_31,797_
_159,564_
_875,180_|_Expenditure_
_£_
_(48,583)_
_(197,302)_
_(861,774)_|_Transfers_
_in/out_
_£_
_-_
_-_
_-_|_Balance at_
_31_
_December_
_2024_
_£_
_-_
_43,333_|
|---|---|---|---|---|---|
||||||_1,159,592_|
**17. Summary of funds**
**Summary of funds - current year**
|Designated funds
General funds
Restricted funds|**Balance at 1**
**January**
**2025**
**£**
**933,500**
**182,759**
**43,333**
**1,159,592**
_Balance at_
_1 January_
_2024_
_£_
_966,470_
_98,645_
_81,071_
_1,146,186_|**Income**
**£**
**200**
**707,474**
**117,832**
**825,506**
_Income_
_£_
_-_
_715,616_
_159,564_
_875,180_|**Expenditure**
**£**
**(92,201)**
**(621,158)**
**(159,480)**
**(872,839)**
_Expenditure_
_£_
_(102,971)_
_(561,501)_
_(197,302)_
_(861,774)_|**Transfers**
**in/out**
**£**
**67,076**
**(112,672)**
**45,596**
**-**
_Transfers_
_in/out_
_£_
_70,000_
_(70,000)_
_-_
_-_|**Balance at**
**31**
**December**
**2025**
**£**
**908,575**
**156,403**
**47,281**
**1,112,259**|
|---|---|---|---|---|---|
||||||_Balance at_
_31_
_December_
_2024_
_£_
_933,499_
_182,760_
_43,333_
_1,159,592_|
|**Summary of funds - prior year**||||||
|Designated funds
General funds
Restricted funds||||||
Page 30
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **18. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
Tangible fixed assets
-
668,724
Current assets
47,281
413,204
Creditors due within one year
-
(16,950)
**Total**
47,281
1,064,978
**Analysis of net assets between funds - prior year**
_Restricted_
_funds_
_2024_
_Unrestricted_
_funds_
_2024_
_£_
_£_
Tangible fixed assets
_-_
_693,819_
Current assets
_43,333_
_436,325_
Creditors due within one year
_-_
_(13,885)_
**Total**
_43,333_
_1,116,259_
**19.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2025**
**£**
Net income/expenditure for the year (as per Statement of Financial
Activities)
**(47,333)**
**Adjustments for:**
Depreciation charges
**29,325**
Interest received
**(11,778)**
Profit on disposal of fixed assets
**-**
Increase in debtors
**(22,899)**
Increase in creditors
**3,065**
**Net cash used in operating activities**
**(49,620)**|**Total**
**funds**
**2025**
**£**
**668,724**
**460,485**
**(16,950)**
**1,112,259**
_Total_
_funds_
_2024_
_£_
_693,819_
_479,658_
_(13,885)_
_1,159,592_
_2024_
_£_
_13,406_
_31,023_
_(9,275)_
_(1,300)_
_(118,117)_
_9,891_
_(74,372)_|
|---|---|
Page 31
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **20. Analysis of cash and cash equivalents**
|Cash in hand
**Total cash and cash equivalents**|**2025**
**£**
**267,723**
**267,723**|_2024_
_£_
_309,795_|
|---|---|---|
|||_309,795_|
## **21. Analysis of changes in net debt**
|Cash at bank and in hand
Savings accounts|**At 1**
**January**
**2025**
**£**
**309,795**
**117,779**
**427,574**|**Cash flows**
**£**
**(42,072)**
**18,191**
**(23,881)**|**At 31**
**December**
**2025**
**£**
**267,723**
**135,970**
**403,693**|
|---|---|---|---|
## **22. Pension commitments**
## **23. Operating lease commitments**
At 31 December 2025 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
||||**2025**|_2024_|
|---|---|---|---|---|
||||**£**|_£_|
|Not later than|1|year|**3,816**|_3,869_|
Lease payments recognised as an expense in the year are £4,026 (2024: £3,869).
## **24. Employee benefit obligations**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in independently administered funds. The pension cost charge represents contributions paid by the charity to the fund and amounted to £11,521 (2024: £10,535). There were no outstanding contributions at the year end.
Page 32
**HIGHFIELDS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **25. Related party disclosures**
The total unconditional donations made to the charity by its trustees and close family members amounted to £47,713 (2024: £52,985) and restricted donations were £2,186 (2024: £Nil).
Missionary grants totalling £13,880 (2024: £14,150) were made to an organisation, Pioneers UK, to support D Bhakia Raj, an international Families Worker. The payments were made since D Bhakia Raj was appointed as a Trustee of Highfields Church.
There were no other related party transactions or balances requiring disclosure for the year ended 31 December 2025 or for the year ended 31 December 2024.
Page 33