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2020-10-31-accounts

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

HIGHWAY OF HOLINESS

FINANCIAL STATEMENT AS AT 31 OOCTOBER 2020

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

Content

Content Content
Contents
1. Trustees Report ..............................................................................................3
1.1 Principal activity .........................................................................................3
1.2 New challenges from Covid-19 ...................................................................6
1.3 Source of Financing and allocation of funding ............................................7
1.4 Kingdom Lifestyle Mission (KLM) – International Educational Projects ....8
1.5 Programmes Funding and Allocation of Source of Funding ........................9
1.6 Community and Church Youth Commitments .............................................9
2. Accountants' Independent Report ................................................................. 11
3. Highway of Holiness: Annual Report for the Year Ended 31 October 2020 14
3.1 Scope of Operation and Undertaken Activities .......................................... 14
3.2 Planned Objectives .................................................................................... 15
3.3 Future Strategy .......................................................................................... 15
4. Statement of Financial Performance Summary as at 31 October 2020 .......... 16
5. Statement of Financial Position as at 31 October 2020 ................................. 17
6. Notes to the accounts: Year ended 31 October 2020 ..................................... 18
6.1 Accounting Policies ................................................................................... 18
6.2 Statement of Performance as at 31 October 2020...................................19
6.3 Assets and Capitalisation 2019 - 20 ........................................................... 20
6.4 Direct Charitable Expenditure on Direct Charitable Objectives ................. 20
6.5 Management and Administration Expenses ............................................... 20
6.6 Departmental and Responsibility Management.......................................... 21
6.7 Grant Restricted Reserve ........................................................................... 21
6.8 Trustees Commitment ............................................................................... 21
6.9 Costing Activity Per Core Charitable Operations ...................................... 22
6.10 Grant - Reaching Communities through National Lotteries ....................... 23
6.11 Grants Received for Homeless Project - Shelter and Feeding .................... 24
6.12 Restricted and Unrestricted Funding as part of Strategy Review ............... 24

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

1. Trustees Report

The Trustees present their report and annual accounts for the year ended 31 October 2020. The trustees report that the financial year ending on 31 October 2020 brought growth and expansion of our services to our community, the Church, Kingdom Lifestyle Mission (our International Education programme for under privileged children in developing countries) and homeless programme in UK.

Covid-19 Extraordinary Event

This year was most challenging for we had extra-ordinary events emanating from covid-19 pandemic. We implemented measures that brought about higher levels of exposures and opportunities to expand our humanitarian services to greater good for many local authorities and communities beyond our usual scope of considerations. We were ably assisted and attracted funding from many sources and continually received professional counselling from trusted sources including our external accountants, PMCT Accountants and Consultants. Full scope is provided under sections below.

Highway of Holiness had many press coverages beyond previous years, which we appreciate and are thankful for such exposures. For instance, many local press and national press including Independent Newspaper published services we offer. Such national press coverages similar to that covered by The Guardian Newspaper and The Times respectively in years past helped expose our services to many. The flip side of such positive exposures also brings more organisations and individuals to access services we provide. With such limited financial and accommodation resources we are constrained by levels of support we wish and intend to offer. Covid-19 has exposed the need to have dedicated living accommodation to house homeless residence other than sole use of our church premise and certainly not post covid-19 era. Urgent need for accommodation cannot be overemphasised.

1.1 Principal activity

The trust core principal activity is Christ Centred Church undertakings and secondary activities are services to humanity and general local community support. We provided food and shelter for over hundred and five (105) homeless people during accounting period under consideration. We also provided youth activities and personal development training for hundreds of young people in the Tottenham and Haringey Council local areas. During the year, significant assistance and commitment was given to youth educational projects to under privilege children in Ghana and South Sudan. Due to financial constraints KLM activities could not be extended to Ethiopia and Bulgaria as prior years, however other non-financial supports were provided.

We increased our commitment to local churches, local youth programmes and expanded our consideration in offering training programmes to assist young adults find work. We shall continue

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

to employ viable strategies to assist young adults enhance their employable status by engaging employment agencies to aid us achieve set objectives.

During the year various prayers and teaching conferences were organised on a regular basis and attendance to these conferences were very good. We also provided training seminars for teachers and volunteers of our Sunday school for children and youth club. We are grateful to Haringey Council for their contribution towards our local Summer Youth Programme including provision of premises of Haringey Youth Centre at Bruce Grove, Tottenham. We received grants from many sources as detailed below and £108,729.00 from T NLCF Reaching Communities.

Community Humanitarian Care and Homeless Programme

Our commitment to humanitarian care undertaken is as analysed below.

2019 - 2020 2018 - 2019 2017 - 2018 2016 - 2017
Internal Youth and Children Ministry 2,066.67 3,100.00 3,400.00 4,500
Youth & Young Adults Community
Programmes		 2,275.00 3,900.00 6,240.00 7,280
Homeless Projects 88,452.00 91,000.00 91,000.00 91,000
Highway House - Islington Homeless
Women Accommodation		 1,500.00 6,552.00 7,863
Kingdom Lifestyle Mission (KLM) and
International Educational Projects		 8,583.96 9,867.00 8,235.00 8,100
101,377.63 109,367.00 115,427.00 118,743

Constraints and Challenges

There has been closure of many supporting services and those accessing our services would continue to do so even after covid-19 considerations. Hence, what is deemed extra-ordinary event would become business as usual for the church and volunteers, thus long-term impact of covid-19. The need to meet such humanitarian services requires additional financial supports from many sources.

We aiming to expand Highway Youth Club (Keep It Real) to many communities if external funding could be resourced. Highway Youth Club specialises in Youth Education, Training and Personal Development within local communities.

There has been wider scope of recognition and exposure of our services and this has led to many recognised agencies including Red Cross, local Police and Hospitals contacting us to assist those they believe are in need of humanitarian assistance. During the financial year we dealt with many challenges successfully, however our main challenge has been inadequate sources of funding for continued demand for our services.

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

We are ever prepared to expand scope of consideration, offer training and education to volunteers where needed, however our objectives are constraint by financial resources available. Throughout the year, many requests for our support could not be met especially request for homeless women due to lack of accommodation facilities. We also require volunteers to be trained to support our day care and night care services.

Our provision for women in our Islington shelter has ended due to the expiration of the lease given by our benefactor. We plan opening shelter provisions for women going forward subject to availability of housing and funding facility.

Our Chairman and head of operations, Rev. Alexander Gyasi was awarded an MBE for his services to the community of Haringey.

Achievements during the Year

Most homeless people that recovered from alcohol, drugs misuse and diverse form of traumas have been successfully integrated into the local community. We successfully trained and helped many young adults get back to working.

Due to disproportionate impact of COVID-19 on persecuted Christians around the world, we extended support to Pakistan, India, South Sudan and Northern Nigeria where kidnapping of already disadvantage Christians does occur with increasing frequency. Mission support was also provided in Sierra Leone, Poland and the Philippines to help reduce impact of covid-19 on children. We also supported victims of the Beirut Harbor explosion in Lebanon especially for displaced children.

For Kingdom Lifestyle Mission (KLM) International Educational programme, we continued the vital provision of supplementary education for underprivileged children in Ghana and South Sudan where the need is most acute. We scaled back our operations in Bulgaria and Ethiopia to enable us start urgent educational programme for persecuted Christian children in Pakistan to improve their educational chances.

We met all planned objectives and operations especially widening the scope of our Youth Community work in previously not reached local communities. We were contacted by a number of organisations including Local Councils, Hospitals, Charitable Organisations and the Police to assist prospective clients and all anticipated requests for assistance were met.

We have expanded our provision by opening up a new day centre twice a week that welcomes the homeless and people living in isolation within and around surrounding communities. The centre provides a free hot meal, shower facility, Internet access, clothes and support with welfare, housing and employment to all that attend.

This year we were awarded Homeless Shelter of the year 2019-2020 by the Corporate Live Wire London Prestige Awards and we also received the Haringey Community Impact Award 2019.

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

1.2 New challenges from Covid-19

Covid-19 presented new problems that caused many charities to close or scale down supporting services and many beneficiaries of such supporting services were compelled to contact Highway of Holiness to deliver needed supports. We were contacted by many established organisations, local councils and governmental agencies during Covid-19 lockdowns than ever before hence the need to reinvent and adapt our processes to required humanitarian needs.

Specific challenges included:

Financial supports

Financial supports received during extra-ordinary periods came from many sources. Many chose to remain anonymous using Charity Aid Foundation. We have made attempt to extend our appreciation to our donors and whereby we have been successful in ascertaining donors names, we say thank you on behalf of all beneficiaries for your generosity and kindness.

Our church members continued to provide practical financial and voluntary services. We also had tangible financial support from individuals and local communities and business. Nothing could have been achieved without your giving and sacrifices. We had financial supports from many sources including:

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

We take opportunity to say thank you for making a difference in another person’s life positively.

1.3 Source of Financing and allocation of funding

Our finances for the year ended 31 October 2020 was stable. The income level was not too different from previous years and for this very reason we would like to express our sincere gratitude to external donors for general public donation of £8,155.00 and members of Highway of Holiness church for their generous donations of £154,269.00 and members’ contributions has mainly been source of funding of our programmes.

We also received grant of £188,947.00 of which £108,729.00 towards Day Centre and Community Care including feeding was donated by Reaching Communities through National Lotteries. The grant amount is pro-rated on monthly time span towards personnel cost, utilities, training and management; and unallocated part of the amount, though committed forms part of banking balance as at 31 October 2020. Unspent allocated amount is carried forward as Grant Restricted Funds.

During the financial year we received donations of £124,935.00 which is a reduction of £39,673.00 from previous year donation and £45,107.00 from two years ago. Grant allocated to financial year increased by £94,744.00 from prior year of £85,290.00 to £180,034.00. Our total expenditure increased to £297,582.00 from £247,546.00, thus an increase of £50,036.00. Our net yearly surplus increased by £5,035.00 to £7,387 from £2,352.00, thus increasing operational performance reserve position from £60,421.00 to £67,808.00.

Income Received for 2019 -2020 Reconciliation

Amount (£)
Other Grants Received 80,218
Reaching Communities -UnallocatedGrants Received 2019- 2020 108,729
188,947
Donations from Members 116,359
Donations from General Public towards Homeless Projects 8,577
Total Income Received in 2019 - 2020 **313,882 **
Add Restricted Grant brought forward from previous year 55,846
Less RestrictedGrant carried forward (64,759)
Income received and allocated for 2019 - 2020 304,969

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

1.4 Kingdom Lifestyle Mission (KLM) – International Educational Projects

During the year our commitment to helping under privilege children in many African countries led to creation of Kingdom Lifestyle Mission – International Educational Projects. We established operation to provide supplementary education for young people between the ages of 11 to 21 years who had no means of furthering their education and training.

Number of Children Supported

Countries 2019 - 2020 2018 - 2019 2017 - 2018 2016 - 2017 2015 - 2016
Ethiopia 300 450
Ghana – KLM 1,120 980 750 800 1,005
South Sudan 400 250 300 300 355
Pakistan 80
1,600 1,230 1,050 1,400 1,810

Associated Cost of Children Number

Kingdom Lifestyle Mission (KLM) International Educational Projects and Other International Mission Supports

Countries Where Children
are Supported		 2019 - 2020 2018 - 2019 2017 - 2018 2016 - 2017 2015 - 2016
Amount (£) Amount (£) Amount (£) Amount (£) Amount (£)
Ethiopia - - 1,100 2,000,00
Ghana 3,367.18 8,500.00 5,750.00 4,500 9,000,00
South Sudan 1,700.00 1,367.00 2,485.00 2,500 5,000
Pakistan 733.30
Sierra Leone 154.90
Poland 1,430.00
India 591.78
Nigeria 102.90
Philippines 201.90
Lebanon crisis 302.00
Total 8,583.96 9,867.00 8,235.00 8,100 16,000

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

1.5 Programmes Funding and Allocation of Source of Funding

Funds allocated to training, supplementary education, homeless programmes, many community youth works and our general operational funding was allocated as follows:

Income Required for Annual Operations

2019 – 2020 2018 – 2019
Incoming Resources
Donations 124,935
164,608
Grants Allocated 180,034
85,290
Total Incoming Resources 304,969
249,898

Allocation of Funding for Financing

% 2019 – 2020 % 2018 - 2019
Direct Specific Church Cost 9.73% 24,760 6.66% 16,765
Combined Administrative Cost for All Units 25.23% 64,188 24.72% 62,188
Internal Youth and Children Ministry 0.81% 2,067 1.23% 3,100
Youth & YoungAdults CommunityProgrammes 0.64% 1,625 1.55% 3,900
HighwayHouse - DayCare Specifics 22.23% 56,564 22.48% 56,564
Feeding & Accommodation of 105 Homeless -
HighwayHouseProjects		 34.76% 88,452 36.17% 91,000
Highway House - Community Youth Project and
Care		 3.22% 8,190 3.26% 8,190
International Operations and Assistance 3.37% 8,584 3.92% 9,867
100.00% 254,429 100.00% 251,574
Thus, total of Specific Highway Allocation
excluding general Administration		 57.00% 145,016 36.17% 147,564

1.6 Community and Church Youth Commitments

Welfare for Community and Church Members was provided on needs reported and identified by those responsible for managing applicable units. We provided a youth cafe/club from the Bruce Grove Youth Centre which is a premise provided by Haringey Council for youth programmes. It must be emphasised that we have a good working relationship with Haringey Council and they have continued to be supportive of our Community Youth Programmes.

During the year we provided subsidised food, recreational activities and personal development programmes for young people and this provision is open to all members of the community without

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

any qualification criterion. We were able to attract young people from the traveller’s community which is considered to be hard to reach group of young people and would seek to establish longterm relationship with the group.

As part of our Community Care Programme considerations; we go out on the streets every Saturday to offer free tea and coffee to the general public and engage them in conversations to promote community cohesion.

For our Homeless Programme, we provided food and shelter for over 95 homeless people. Some of these homeless people came directly from the streets, whilst others were referred to us by organisations such as Hospitals, The British Red Cross, Police Service, Crisis Charity, The Refugee Council, London Catholic Worker and Day Centres, and various Governmental Agencies including Thames Reach and No Second Night Out. Many homeless individuals are referred to us because they have no recourse to public funds, hence they are unable to access statutory provision(s).

We have achieved the above by utilising and developing our extensive network of partner agencies. This includes from the Local Authority, Crisis, Shelter, MIND Haringey, Refugee Council, local charities Edible London, soup kitchens, medical practices, housing organisations etc.

Planned Objectives

There has been a sharp rise in the number of homeless people and young adults requiring our services, and this has been a strain on the finances of the charity. As part of our planned consideration due to ever increasing demand on our services, we planned to acquire a hostel where we can transfer people from our existing shelter to assist them in making the transition to independent living.

We have identified the need to set up a social enterprise and employment training programme to improve youth employment chances within our local community especially within Tottenham as a long-term objective subject to availability of funding.

We plan to widen scope of sourcing funding to reduce over reliance on contributions by members of Highway of Holiness. It is our objective to solicit external assistance and resources to enable us meet increased demand.

Signed: AlexGyasi

Rev Alexander Gyasi

Chairman of the Trust

For and on behalf of Trustees and Members of Highway of Holiness

Date: 07 March 2021

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

2. Accountants' Independent Report

As Accountants we report on the unaudited accounts for Highway of Holiness to the Trustees of Highway of Holiness. It is our responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to our attention.

Respective responsibilities of trustees and examiner

As described on the balance sheet the Trustees of Highway of Holiness are responsible for the preparation of the accounts for the year ended 31 October 2020, set out on pages 13 to 20, and the Trustees consider that the church is exempt from an audit requirement of section 43 (2) of the Charities Act1993 (the Act) does not apply. In accordance with Trustees of Highway of Holiness instructions, we have compiled these unaudited accounts in order to assist Trustees of Highway of Holiness to fulfil its statutory responsibilities, from the accounting records and information and explanations made available to us.

Our views on strategies and operational approach

Operations are well organised and finances are equally well managed. During year, Reaching Communities provided grant for Homeless and Communities work which was timely and critically needed. We strongly hold the view that consistent external sources of funding be found if Highway of Holiness scope of consideration would be maintained and request for services met.

Activities of Highway of Holiness has been increasing over the years and has reached a level that requires strategic review. Presently all the social activities or humanity activities undertaken by Highway of Holiness cannot be met with its limited resources. Request by local communities, charities, hospitals, fire service and other governmental organisations cannot be met especially with homeless women. Demands for highway of holiness activities far outstrips its available resources by more than 50%.

Attention must be paid to core services of church activities especially in areas of mission and evangelism to increase church members at faster than current rate. It is paramount that a dedicated place is secured for church services as present auditorium is partly used as accommodation after church services for homeless operations.

Basis of independent examiner's report

Our examination was carried out in accordance with the General Direction given by the Charity Commissioners. 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 you as trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently, we do not express an audit opinion on the view given by the

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

accounts. As our scope of consideration and includes auditing, the same has been extended in our examination for sound recording and management.

Covid-19 Challenges

We anticipate post covid-19 challenging times in demand for provided services to be even higher than current levels as those that have come to rely on such services would continue to recommend to those in similar needs.

As the church aim to continue to offer quality services and maintain individual dignity your operational considerations for service users. We anticipate wider demand for our services going forward after such wider scope of exposure and tendency to deny individuals needing our humanitarian services is probable possibilities due to our scarce financial resources and lack of accommodations to house homeless individuals. Presently, the church has become one of the main centres for local communities and is constantly receiving enquiries to extend to its services. The church must now aim to increase its networking collaboration to working with other charities, respective local communities, religious organisations, hospitals, red cross and governmental agencies such fire service, local councils and the Police to help potential beneficiaries access their services due its limited financial and accommodation resources.

Provision of funds (Reserve)

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

Our view is that unrestricted funds is not adequate to support each process outlined by Trustees. Due to limited funding Trustees could not allocate funding from unrestricted funds for the church internal youth programmes which is also vital to future sustainability of the church.

Our view is that the Church cannot continue to cut back on its core activities year on year. We believe it is paramount that additional support is needed to cover for living accommodation for homeless care for community ever-increasing expenses. For instance, the church in partnership with Edible London Charity is currently providing over 500 cooked meals per week for residence of Haringey impacted by covid-19. We also believe that unrestricted funds should be reserved for core church activities if possible, hence the need to seek external support cannot be over emphasised.

Independent examiner's statement

In accordance with our examination, no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect the requirements:

(a) To keep accounting records in accordance with section 41 of the Act: and

(b) To prepare accounts which accord with the accounting records and to Comply with the accounting requirements of the Act have not been met, or

(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounting to be reached.

Signature: VincSant

PMCT Accountants Partner Name: Vincent Santeng – PGDIP, MBA, FCCA

In a Capacity as: Qualified Chartered and Certified Accountant.

Date: 07 March 2021

Address: Unit 322B Ability House, 121 Brooker Road, Waltham Abbey, EN9 1JH

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

3. Highway of Holiness: Annual Report for the Year Ended 31 October 2020

The Trustees report that the financial year ended 31 October 2020 continued to bring new challenges for the organisation.

The Highway Homeless Programme has expanded beyond our current capacity as we are currently providing evening shelter and feeding for over 50 homeless people on daily average. The majority of homeless clients are from Eastern Europe, Africa, Asia including those from China and UK citizens. By the end of the financial year, we had over 25 different nationalities that we provide services for. We also continue to provide alcohol counselling and detoxification services together with specialist agencies.

During the year we had even greater demand for housing and caring for female homeless individuals. To this effect we created a temporary accommodation we named as ‘Highway House - Islington Homeless Women Accommodation’. During the year average of 7 women were housed in 2017-18 accounting year.

The building used for housing women was provided by a benefactor for a limited and not available after its expiry date. The Church is currently seeking assistance from many communities and would be sponsors to assist in securing accommodation for homeless and expend beyond current provision.

We work closely with some North London Councils including Haringey Council regarding various aspects of the Homeless Projects. We were able to offer needed help to homeless individuals on account of many volunteers from within and outside Highway of Holiness who have contributed food items, clothing and personal time towards the Programme. Many Churches and organisations continue to show interest in the Homeless Programme and have promised to donate needed resources towards the programme.

We continue to improve on our Community Youth Programmes which have gained wider recognition outside our local community. The programmes offer assistance to youth needing social assistance, advice, counselling and specifically organising group trips and camps with sole purpose of directing local youth to channel their energy towards realising their potential regardless of social background and religious believes. Through these activities we promote or provide supplementary education, confidence building, social integration and improvement of the employment prospects of the Youth in the community. We also promote godliness and social responsibility through these activities.

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

During the year we continued to assist and contribute resources to other charitable organisations engaged in youth work. We currently organise youth television programme called Keep It Real (KIR) and are currently looking for sponsors to enable us to expand this programme because of its importance to the youths in our communities and nationwide.

In line with our Christian ethos, during the year, various teaching and prayer seminars were organised on regular basis. Again, the attendances to these activities have continued to increase especially in the areas of helping the youth to desist from joining ‘Gangs’ in favour of living a Christ centred life. Periodic training was organised for the Children and Youth teachers / Counsellors who again extended themselves beyond our available resources by continuing to sacrifice their time in helping the youth gain positive valuable life changing lessons. These training seminars were aimed at equipping our volunteers with the new skills required to deal with wide ranging educational developments and changing Youth cultural trends in the community.

3.2 Planned Objectives

We have been contacted by many youth organisations within the UK and outside UK especially South Sudan, Ghana, Ethiopia, Kenya, Bulgaria and Romania for resource assistance. Our objective is to seek funding from many viable sources so as to continue to offer humanitarian assistance individuals and groups subject to funding availability.

We plan to maintain present Homeless considerations at Tottenham. If an accommodation is secured it would be dedicated to women homeless projects. Demand and requests for expansion of our Youth programs consideration from local communities, local councils and Governmental agencies would not be ignored. Significant amount has been set aside as committed expenditure hence deliberately committed as part of existing liabilities for Women Homeless program.

We plan to continue with all existing programmes including expanding our training program for volunteers’ subject to availability of financial resources and support from interested parties.

3.3 Future Strategy

We are of the view that current funding strategy for the Church, Youth and Community projects, and Homeless programme is not sustainable. Currently resources needed to facility the Church specific core programs such as members own welfare, replacement of musical equipment, outreach and reserves for building funds are solely used to finance Youth (Keep It Real), Community help and education, and Homeless programmes.

The Church members are also aging and with retirements looming there is an urgent need for the Church to focus on evangelism and youth projects to attract diverse members from the community.

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

We believe the current spend would have to increase by at least 150% above current levels over the next 5 years to ensure current scope of operations and financial commitments from the Church remain sustainable.

Over 46.24% of income is allocated to Homeless Programmes and such generosity of our members and the general public is appreciated and should be encouraged. The Homeless Programmes have been increasing in scope over the last few years and is now serving many across UK. Governmental agencies such the Police and hospitals, NGOs such as the Red Cross and local councils including Haringey, Hackney and Enfield all have been approaching the Church to accept more clients. Current pressure and need to meet increasing demand for Homeless Programme services imply enhancing existing strategic approach is urgently needed.

We are of the view that the Homeless Programme should be continued and still largely financed by the Church for now however there is the need to register the Homeless Programme as a separate charity on its own. It is paramount that other relevant partners and different sources of funding would be required if demand for helping fellow human beings are to be met.

4. Statement of Financial Performance Summary as at 31 October 2020

2019 – 2020 2018 – 2019
Incoming Resources
Donations 124,935 164,608
Grants 180,034 85,290
Total Incoming Resources 304,969 249,898
Resources Expended
Direct Charitable Expenditure on charitable objectives(Note 6.3) 264,457 228,584
Other Expenditure: Management and Administration of the Charity
(Note 6.4)		 33,125 18,962
Total Resources Expended 297,582 247,546
Net Incoming Resources for theyear 7,387 2,352
Fund Balances brought forward 60,421 58,069
Fund Balances carried forward 67,808 60,421

The net movement in funds for the years stated above arose entirely from continuing activities. There are no recognised gains or losses for the years above other than included in the above Statement of Financial Activities. The notes from Pages 17 to 23 form part of these accounts.

Above is Highway of Holiness performance statement and the Balance Sheet below is reflection of true and fair view of the church position as at 31 October 2020.

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

5. Statement of Financial Position as at 31 October 2020

2019–2020 2018–2019
FIXED ASSETS
Tangible Fixed Assets(Note 6.3) 1,322 1,763
CURRENT ASSETS
Debtors 5,000 5,000
Cash in hand and Advance Payment 4,500 5,341
Balance at Bank and in Hand 169,874 131,119
179,374 141,460
LIABILITIES:
Operational Liabilities falling due within one year
(Note 6.2)		 37,326 27,682
37,326 27,682
Net Current Assets 142,048 113,778
Net Assets 143,370 115,541
FUNDS
Restricted Grants 64,759 40,120
Members Restricted Donations for BuildingProject 55,000 50,000
Restricted Operational Emergency Reserve 11,000 5,120
Unrestricted 12,611 20,301
**Net Funding Position ** 143,370 115,541

Approved by the Board of Trustees on 07 March 2021.

Signed: AlexGyasi

Rev Alexander Gyasi

Chairman of the Trust

For and on behalf of Trustees and Members of Highway of Holiness

Date: 07 March 2021

The notes to accounts are on pages 18 to 24.

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Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6. Notes to the accounts: Year ended 31 October 2020

6.1.1 Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The financial statement reflects requirements of the revised Statement of Recommended Practice 'Accounting for Charities' (SORP). The charity complied with Best practice at the time of preparing these accounts.

6.1.2 Tangible Fixed Assets depreciation policy

All fixed Assets are capitalised after taking account of any grants receivable (if any), at the following annual rates in order to write off each asset over its estimated useful life. The charge for depreciation is calculated to write-off the costs of fixed assets are capitalised over their usefulness on the following bases:

6.1.3 Income Recognition

Income is accounted for on an accruals basis, except for donations, which are credited to income when received during the period.

6.1.4 Expenditure

AII expenditure is accounted for on an accrual basis. Direct charitable expenditure relates to those incurred or grants payable, which directly relate to the furtherance of the charity's objects. Management and administration costs include wages and related costs of central administration.

6.1.5 Valuation information and policy

Where applicable valuations would be undertaken as the lower of cost and net realisable value, after making due allowance for obsolete. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

6.1.6 Funds

The charity's funds are classified as restricted funds marked for specific dedicated use and reason for usage may have been identified by donors. Unrestricted funds available for use at the discretion of the trustees.

18

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6.2 Statement of Performance as at 31 October 2020

2019 – 2020 2018 – 2019
Incoming Resources
Donations 124,935 164,608
Grants Allocated 180,034 85,290
Total Incoming Resources 304,969 249,898
Direct Charitable Expenditure on Direct
Charitable Objectives
Allowances - Highwayof Holiness 19,660 20,227
Allowances - HighwayHouse 86,850 52,880
Community Humanitarian Care and Homeless
Programme		 100,728 109,367
Departmental and ResponsibilityManagement 24,760 16,765
Office Rates 1,962 1,345
Lease Rent 30,498 28,000
264,457 228,584
Management and Administration Expenses
Telephone and Fax 1,783 1,733
Books,Tapes,Stationery& Administration 6,057 459
Accountancyand Professional Fees 2,200 1,061
Consultants and Advisory 11,613 7,572
Training 2,500 1,720
Depreciation / Capital Allowance 441 589
Insurances 1,997 1,223
Light & Heat 4,854 2,837
Repairs and Renewals 500 387
Publication and Advertising 320 340
General Maintenance Department 860 1,041
33,125 18,962
Total Expenditure 297,582 247,546
Net Surplus or Deficit 7,387 2,352
Fund Balances brought forward 60,421 58,069
Fund Balances carried forward 67,808 60,421

19

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6.3 Assets and Capitalisation 2019 - 20

Cost Equipment Furniture Fittings **Total **
As at 01 November 2019 29,685 8,459 56,240
94,384
Additions
**29,685 ** 8,459 56,240 **94,384 **
Depreciation
As at 01 November 2019 28,895 8,178 55,548
92,621
Charge for the Year - 2019- 20 198 70 173 441
29,093 8,248 55,721
**93,062 **
Net Book Value -31 October 2020 592 211 519
1,322
Net Book Value -31 October 2019 790 **281 ** **692 **
1,763

6.4 Direct Charitable Expenditure on Direct Charitable Objectives

2019 - 2020 2018 - 2019
Allowances - Highwayof Holiness 19,660 20,227
Allowances - HighwayHouse 86,850 52,880
CommunityHumanitarian Care and Homeless Programme 100,728 109,367
Departmental and ResponsibilityManagement 24,760 16,765
Office Rates 1,962 1,345
Lease Rent 30,498 28,000
Total 264,457 228,584

6.5 Management and Administration Expenses

2019 - 2020 2018 - 2019
Telephone and Fax 1,783.02 1,733
Books,Tapes,Stationery& Administration 6,057.46 459
Accountancyand Professional Fees 2,200.00 1,061
Consultancyand Advisory 11,613.10 7,572
Training 2,500.00 1,720
Depreciation / Capital Allowance 441.00 589
Insurances 1,996.61 1,223
Light & Heat 4,853.60 2,837
Repairs and Renewals 500.00 387
Publication,Advertisingand Digital 320.00 340
General Maintenance Department 859.72 1,041
Total 33,124.51 18,962.01

20

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6.6 Departmental and Responsibility Management

2019-2020 2018-2019
Youth and Retreat Expenses 3,270 2,405
Audio Ministry 385 550
Music & Worship 2,415 2,100
Prayer Ministry 300 500
Outreach Expenses 6,328.18 1,500
VisitingPreachers 786.50 1,210
Mission & Evangelism 525 3,500
Members Welfare 10,750 5,000
24,759.68 16,765

6.7 Grant Restricted Reserve

6.7
Grant Restricted Reserve
ReachingCommunities through National Lotteries 36,688.49
Grants Received for Homeless Project - Shelter and Feeding 28,070.67
2019 - 2020 Total Grant Restricted Funding 64,759.16

6.8 Trustees Commitment

No amounts were paid to any trustees during the year in respect of their duties as trustees. The office of Ministers total payment was £19,000.00 which is at the same level for the past five years for duties as a fulltime Christian Minister. The church also employs 4 specialists for its undertakings and that implies enrolling in stakeholder pensions for all employees.

Trustees are committed to complying with stated regulations applicable to operations and readily outsource expertise to meet new challenges in short to medium terms if needed expertise is not available.

21

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6.9 Costing Activity Per Core Charitable Operations

Kingdom Lifestyle Mission (KLM) – International Educational Projects

Overall
Cost		 Highway
of
Holiness
**Church **		 Highway
House -
Homeless
Project		 KLM Highway
Youth
Club		 Total of
Charitable
Deeds
KLM Education
Ghana 8,500 8,500 8,500
South Sudan 1,367 1,367 1,367
Direct Charitable Expenditure on
Direct Charitable Objectives
Internal Youth and Children Ministry 3,100 3,100 3,100
Youth & Young Adults Community
Programmes		 3,900 3,900 3,900
Allowances - Highwayof Holiness 20,227 20,227
Allowances - HighwayHouse 52,880 52,880 52,880
Homeless Projects - Residential Feeding 91,000 91,000 91,000
Community Humanitarian Care 1,500 1,500 1,500
Departmental and Responsibility
Management		 16,765 9,221 7,544 7,544
Office Rates 1,345 673 673 673
Lease Rent 28,000 14,000 14,000 14,000
228,584 44,120 167,597 9,867 7,000 184,464
Management and Administration
Expenses
Telephone and Fax 1,733 867 867 867
Books, Tapes, Stationery &
Administration		 459 300 159 159
Accountancyand Professional Fees 1,061 800 261 261
Consultants and Advisory 7,572 2,500 5,072 5,072
Training 1,720 520 1,200 1,200
Depreciation/ Capital Allowance 589 589
Insurances 1,223 612 612 612
Light & Heat 2,837 1,135 1,702 1,702
Repairs and Renewals 387 194 194 194
PublicationandAdvertising 340 300 40 40
General Maintenance Department 1,041 350 691 691
18,962 8,165 10,797 10,797
Total Expenses 247,546 52,286 178,393 **9,867 ** 7,000 195,260

22

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6.10 Grant - Reaching Communities through National Lotteries

Accounting
Year		 Account for 2018-19
Project: Homeless Project - Day Centre		 Amount (£) Total
Grants (£)
2018-2019 Reaching Communities through National Lotteries 68,400.00
2018- 2019 Reaching Communities throughNational Lotteries 52,010.00
120,410.00 120,410.00
Grant Application
2018-2019 PAYE Allocated in 2018-19 52,880.29
2018- 2019 Food - Daycare 3,683.33
TrainingandSetup-Consultant 5,000.00
Other Related Grant Expenditure 3,000.00
64,563.62
2018 - 2019 Grant remaining of £55,846.38 part is for Restricted
Reserve £40,120.00		 55,846.38
2019-2020 Reaching Communities through National Lotteries 54,364.50
2019-2020 Reaching Communities through National Lotteries 54,364.50
108,729.00
108,729.00
2019- 2020 Available Grant for Projects 164,575.38
2019- 2020 PAYE Allocated in 2019- 20 86,850.22
Food-Day care 5,200.00
Training 1,500.00
Other RelatedGrant Expenditure including Utilities 4,516.67
**Total ** 98,066.89 98,066.89
66,508.49
Grants for Homeless and Community Projects: Day
Centre- Covid-19 Lockdown Extra Expenditure
Food Purchases 17,500.00
Travel 700.00
Food Packaging (bags and disposable cutleries) &PPE 3,395.00
Volunteers Food Packaging and Distribution 1,736.00
Food Preparers (Cooks) 6,489.00
29,820.00 29,820.00
2019- 2020 Restricted funding from Grant 36,688.49

23

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)

HIGHWAY OF HOLINESS

Statement of Financial Activities for the Year Ended 31 October 2020

6.11 Grants Received for Homeless Project - Shelter and Feeding

Accounting
Year		 Account for 2018-19: Project: Homeless Project & Community
Support and Covid-19 Pandemic Support		 Amount (£)
2018–2019 Santander Bank 5,000.00
Less Used towards Homeless feeding 5,000.00
0.00
2019–2020 Grants for 2019-20 Account
HousingJustice 5,000.00
Haringey Council - to provide Winter bedding for Haringey specific
Homeless		 9,000.00
HMG Physiotherapy 200.00
London CommunityResponse Fund 4,950.00
Grant-Martin Lewis Covid-19 Response Fund 8,000.00
Grant -CharityAid Foundation 1,000.00
Covid response fund from HM Government - The Office for Civil Society 45,106.00
Mark Sturge - through CharityAid Funding 918.00
HMRC Furlough Grant 6,043.79
Other Grants Received 80,217.79
Less used for Covid-19 Pandemic program, Feeding and Homeless 52,147.12
Restricted funding- Other Grant Allocated 28,070.67

6.12 Restricted and Unrestricted Funding as part of Strategy Review

Amount (£)
Reaching Communities through National Lotteries 68,400
Reaching Communities throughNational Lotteries 52,010
120,410
Grant from Santander Bank 5,000
Total of Restricted Funding 125,410
Used on Restricted Activities: 85,290
Unrestricted Fund 40,120

24

Accounts prepared and certified by: PMCT Chartered and Certified Accountants (Accountancy and Auditors)