## **NORTHWOOD CHRISTIAN WORKERS TRUST** Registered Charity No 232573 ## **Trustees’ Annual Report for 2025** ## Purpose of Charity The Trust was established in 1964 to acquire residential property for the use of people currently or previously employed full time by Christian organisations, and their families. These should either be in need and/or Christian missionaries on furlough. The Trust now owns two properties in Northwood, in the London Borough of Hillingdon. ## Trustees Five Trustees served during 2025: Mr G Denham (Hon Treasurer), Mr S Hall, Mr N Pearson, Mr J Smith (Hon Secretary) and Mrs S Wigram. All serving Trustees live within 5 miles of the Trust’s properties. None receive any remuneration for their services. ## Activity The Trust continued to let its properties at well below market rents to qualifying tenants. In 2025 both were let for the full year. The Trust aims to set its rents at a level which reflects tenants’ ability to pay but which also covers the long term costs of keeping the properties in good repair and satisfies all statutory requirements. The Trust is not seeking to acquire further properties or to make grants. ## Accounts The Trust spent £14,577 in 2025 against income of £25,328. The Trust has retained an accumulated surplus against the eventuality of a need for major repairs to either property. The Trustees have undertaken an assessment of the properties’ open market value, based on comparisons with sales or website valuations of similar properties nearby. In the Trustees’ opinion the combined value of the two properties is £1.5 million. ## Statement on Public Benefit The Trustees, in making their decisions, have had due regard to the Charity Commission’s public benefit guidance when exercising the powers or duties to which the guidance is relevant. The Accounts were approved by the Trustees on 21 May 2026. Address for correspondence: 27 The Drive, Northwood, HA6 1HW |||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||NORTHWOOD CHRISTIAN WORKERS' TRUST|||||||||||||| |||||||||(Registered Charity No 232573)||||||||||||| |||||||||||||||||||||| ||||||||||FINANCIAL STATEMENTS|||||||||||| |||||||||||||||||||||| ||||||Total||STATEMENT||OF FINANCIAL ACTIVITIES|||||||||||| ||||||2024||for the year ended 31 December 2025||||||No 8|||No 66||||Total| ||||||||||||||£|||£|||£|| ||||||||Incoming resources|||||||||||||| ||||23,400||||Rents||||11,760||||12,360||||24,120|| ||||1,331||||Bank interest and compensation||||||||||||1,208|| |||_|____||||||||____||||____|||_|____|| ||||24,731||||||||11,760||||12,360||||25,328|| |||||||||||||||||||||| ||||||||Resources expended|||||||||||||| |||||1,498|||Repairs and improvements|||||276||||2,174|||2,450|| |||||4,901|||Council tax andgarden waste|||||2,412||||2,841|||5,253|| |||||630|||Water charges|||||271||||701|||972|| |||||178|||Heatingsystem maintenance(incl certificates)|||||90||||90|||180|| |||||1,647|||Insurance|||||860||||1,034|||1,894|| ||||||||Electricityandgas(net)|||||||||||||| |||||2|||Rounding|||||____||||____|||2|| |||||8,856||||||||3,909||||6,840|||10,751|| |||||||||||||||||||||| |||||||||||||||||||||| ||||15,875||||Net incoming (outgoing) resources|||||7,851||||5,520|||14,577|| |||||||||||||||||||||| |||||||||||||||||||||| |||||||||||||||||||||| |||||||||||||||||||||| ||||||||BALANCE SHEET at 31 December 2025|||||||||||||| ||||||||Accumulated funds:|||||||||||||| |||1,609,579|||||Total at the beginningof theyear|||||||||||1,625,454||| |||15,875|||||Net incomingresources for theyear as above|||||||||||14,577||| ||||||||Gain onpropertyrevaluation|||||||||||||| |||1,625,454|||||Total at the end of theyear|||||||||||1,640,031||| |||||||||||||||||||||| ||||||||Represented by:|||||||||||||| ||||||||Properties at open market values at 31 December 2025|||||||||||||| ||||||||with vacantpossession:|||||||||||||| |||700,000|||||8 Chestnut Avenue|||||||||||700,000||| |||800,000|||||66 Reginald Road|||||||||||800,000||| |||123,864|||||Balances with Barclays Bank|||||||||||139,303||| |||1,405|||||Amountspaid in advance|||||||||||1,522||| |||588|||||Sundrydebtors|||||||||||720||| |||(403)|||||Sundrycreditors|||||||||||(1,514)||| |||||||||||||||||||||| |||1,625,454||||||||||||||||1,640,031||| |||||||||||||||||||||| |||||||||||||||||||||| |||||||||||||||||||||| |||||||||||||||||||||| ||||||||JMG Denham(Treasurer)|||||||||||||| 1 |||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||NORTHWOOD CHRISTIAN WORKERS' TRUST|||||||||||||| |||||||||||||||| ||NOTES TO THE FINANCIAL STATEMENTS for theyear ended 31 December 2025|||||||||||||| |||||||||||||||| ||1. Accounting policies|||||||||||||| ||The accounts have beenprepared on the accruals basis under the historical cost convention,|||||||||||||| ||except for the Trust'sproperties which are stated at valuation, and complywith the Financial|||||||||||||| ||ReportingStandard for Small Entities(FRSSE)as it applies to charities under the applicable|||||||||||||| ||Statement of Recommended Practice(SORP).|||||||||||||| |||||||||||||||| ||2. Rents|||||||||||Total £||| ||No 8:|||||||||||||| ||2025||xxxxxx|||||||||||| |||12 months@£980per month|||||||||11,760|||| ||2024||xxxxxx|||||||||||| |||12 months@£950per month|||||||||11,400|||| |||||||||||||||| ||No 66:|||||||||||||| ||2025||xxxxxx|||||||||||| |||12 months@£1030per month|||||||||12,360|||| ||2024||xxxxxx|||||||||||| |||12 months@£1000per month|||||||||12,000|||| |||||||||||||||| ||3. Repairs and improvements|||||||||||||| ||No 8:|||||||||||||| ||2025||Shower replacement||||||||||276|| |||||||||||||||| ||2024||Tree work||||||||||300|| |||||||||||||||| ||No 66:|||||||||||||| ||2025||Extractor fan replacement|||||240||||||| ||||Newgate|||||86||||||| ||||Bulkyitem disposal|||||48||||||| ||||Fence replacement|||||1,800|||||2,174|| |||||||||||||||| ||2024||Washingmachine repair||||||70|||||| ||||New cooker and installation||||||730|||||| ||||Tree work||||||250|||||| ||||Fencepanel||||||30|||||| ||||Garden tools||||||118||||1,198|| |||||||||||||||| ||4. Council Tax and average monthly cost of standing charges|||||||||||||| |||||||£|||£||£|||| |||||||No 8|||No 8||No 66|||| |||||||2024|||2025|||||2024| ||||Council tax andgarden waste||2,247|||2,412|||||2,654|| ||||Water charges||97|||271|||||533|| ||||Heatingsystem maintenance(incl certificates)||89|||90|||||89|| ||||Insurance||748|||860|||||899|| ||||||3,181|||3,633|||||4,175|| |||||||||||||||| 2 |||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||Average monthly cost|265|303|||||||||348| |||||||||||||||| ||NORTHWOOD||CHRISTIAN WORKERS' TRUST|||||||||||| |||||||||||||||| ||NOTES TO THE FINANCIAL STATEMENTS for theyear ended 31 December 2025(cont'd)|||||||||||||| |||||||||||||||| ||5. Properties at open market value|||||||||||||| ||Theproperties were last valuedprofessionallyat 31 December 2005. The Trustees undertook|||||||||||||| ||an assessment of theproperties’ open market value as at 31 December 2025, based on|||||||||||||| ||comparisons with sales or website valuations of similarproperties nearby. In the Trustees’|||||||||||||| ||opinion the combined value of the twoproperties is £1.5 million, based on|||||||||||||| ||a value of £800,000 for No 66 and £700,000 for No 8.|||||||||||||| ||There is no record of the historical cost of No 8 as thepropertywas donated to the Trust. The|||||||||||||| ||recorded cost of No 66 is £3,200.|||||||||||||| ||The buildingat 8 Chestnut Avenue is currentlyinsured for £353,475(lastyear £336,643)|||||||||||||| ||and its contents for £35,686(lastyear £33,987).|||||||||||||| ||The buildingat 66 Reginald Road is currentlyinsured for £432,307(lastyear £411,721)|||||||||||||| ||and its contents for £35,686(lastyear £33,987).|||||||||||||| |||||||||||||||| |||||||||||||||| ||||||||||2024|||||2025| ||6. Balances with Barclays Bank||||||||£||£|||| ||Theyear-end totals comprise:|||||||||||||| ||Business Saver account balance||||||89,793||||111,000|||| ||Current account balance||||||34,071|||||28,303||| |||||||123,864|||||139,303|||| |||||||||||||||| ||7. Amounts paid in advance|||||||||||||| ||Theyear-end totals comprise:|||||||||||||| ||Water chargespaid half-yearlyin advance|||||||136|||||185|| ||Deposits taken byutilitysupplier|||||||540|||||540|| ||Council Taxpaid monthlyin 10 instalments|||||||729|||||797|| |||||||||1,405|||||1,522|| |||||||||||||||| ||8. Sundry debtors|||||||||||||| ||Theyear-end totals comprise:|||||||||||||| ||Electricityandgas charges owed byNo 8 and No 66 tenants||||||||588|||||720| |||||||||||||||| ||||||||||2024|||||2025| ||9. Sundry creditors||||||||£||£|||| ||Theyear-end totals comprise:|||||||||||||| ||Electricityandgas charges owingfor No 8 and No 66||||||||403|||||484| ||Advancepayment of rent|||||||||||||1030| ||||||||||403|||||1514| |||||||||||||||| ||10. Breakdown of accumulated surplus|||||||||||||| ||The accumulated surplus at 31 December 2025 comprises:|||||||||||||| ||Prior to 31 December 2024|||||||||1,625,454||||| ||2025 surplus|||||||||||14,577||| ||Net total operatingsurplus|||||||||1,640,031||||| 3 Gain on values of properties 1,640,031 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHWOOD CHRISTIAN WORKERS' TRUST I report on the foregoing financial statements of the Trust for the year ended 31 December 2025. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention (a) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name of Examiner [ Signed] Brian Ladd Date 12 June 2026 4 Note 10 No66 2025 2.841 701 90 1034 389