HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
HIGHWAY OF HOLINESS
FINANCIAL STATEMENT AS OF 31 OCTOBER 2025
Charity Registration: 1052667
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
| Contents | Contents |
|---|---|
| 1. | Trustees' Report................................................................................................................................................ 3 |
| 1.1 | Main Activities ................................................................................................................................................. 3 |
| 1.2 | Programmes Funding and Allocation of Sources of Funding .......................................................................... 4 |
| 1.3 | Homeless Project and Community Support ..................................................................................................... 4 |
| 1.4 | Youth Commitments and Members’ Welfare .................................................................................................. 6 |
| 1.5 | Kingdom Lifestyle Mission and International Activities ................................................................................. 6 |
| 1.6 | Constraints and Challenges .............................................................................................................................. 7 |
| 1.7 | Financial Performance and Analysis ................................................................................................................ 8 |
| 1.8 | Reserves and Financial Sustainability .............................................................................................................. 9 |
| 1.9 | Achievements during the Year ......................................................................................................................... 9 |
| 1.10 | Strategic Priorities ............................................................................................................................................ 11 |
| 2 | Accountants' Independent Report................................................................................................................... 12 |
| 3 | Highway of Holiness: Annual Report for the Year Ended 31 October 2025 ................................................ 17 |
| 3.1 | Scope of Operation and Undertaken Activities .............................................................................................. 17 |
| 3.1 | Community Youth Activities ......................................................................................................................... 17 |
| 3.2 | Church and Ministry Activities ...................................................................................................................... 18 |
| 3.3 | Kingdom Lifestyle Mission ............................................................................................................................ 18 |
| 3.4 | Planned Objectives ......................................................................................................................................... 19 |
| 3.5 | Future Strategy ............................................................................................................................................... 19 |
| 3.6 | Homelessness Strategy ................................................................................................................................... 20 |
| 3.7 | Financial and Operational Outlook ................................................................................................................ 20 |
| 3.8 | Operational Consideration Conclusion .......................................................................................................... 21 |
| 4 | Statement of Financial Performance Summary as of 31 October 2025 .......................................................... 21 |
| 5 | Statement of Financial Position as of 31 October 2025 ................................................................................. 22 |
| 6 | Notes to the accounts: Year ended 31 October 2025 ..................................................................................... 23 |
| 6.1 | Accounting Policies ....................................................................................................................................... 23 |
| 6.2 | Statement of Performance as of 31 October 2025 ....................................................... 25 |
| 6.3 | Direct Charitable Expenditure on Direct Charitable Objectives .................................................................... 26 |
| 6.4 | Management and Administration Expenses ................................................................................................... 26 |
| 6.5 | Assets and Capitalisation 2024-25 ................................................................................................................. 27 |
| 6.6 | Departmental and Responsibility Management.............................................................................................. 27 |
| 6.7 | Grants Account Details .................................................................................................................................. 28 |
| 6.8 | Missions and KLM Support (2024–2025) ...................................................................................................... 28 |
| 6.9 | Trustees' Commitment – Trustees' Remuneration and Staffing Costs ........................................................... 29 |
| 6.10 | Funds and Reserve Policies 2024-25 ......................................................................................................... 29 |
| 6.11 | Grant Usage and Humanitarian Support Commitment to Funded Project ................................................. 30 |
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
1. Trustees' Report
The Trustees of Highway of Holiness (HOH) present their report and annual accounts for the financial year ended 31 October 2025.
The year represented a further period of consolidation, growth and strategic development for HOH. The Church continued to place its Christian mission, worship, evangelism and pastoral responsibilities at the centre of its activities while maintaining substantial humanitarian, community, youth and international educational programmes.
HOH has now moved firmly beyond the emergency-response environment associated with the COVID-19 period. The organisation’s emphasis is increasingly on sustainable service delivery, strategic partnerships, beneficiary independence, effective stewardship of resources and measurable community impact.
1.1 Main Activities
Highway of Holiness continued to pursue its principal Christ-centred objectives through worship, evangelism, teaching, prayer, pastoral care and Christian outreach. These activities were complemented by extensive humanitarian and community programmes supporting vulnerable people within Tottenham, Haringey and surrounding communities.
The Homeless Programme continued to provide food, accommodation and practical assistance, together with advice concerning welfare benefits, housing, employment and independent living. HOH also worked with specialist agencies where beneficiaries required support relating to alcohol dependency, substance misuse, trauma and other barriers to independent living.
The demand placed upon the Homeless Programme remained considerable. Service users came from diverse backgrounds and nationalities, including UK citizens and individuals originating from Africa, Asia and Eastern Europe. Referrals continued to be received from hospitals, local authorities, police services, the British Red Cross, homelessness organisations, refugee support organisations, churches, charities and other community agencies.
HOH continued to support individuals progressing from homelessness into independent accommodation. Where appropriate and financially viable, the Church assisted service users in accessing rented accommodation and, in some circumstances, acted as guarantor with landlords or letting agents.
Our Community Youth Programme remained an important part of HOH’s wider community commitment. The Youth Café/Club and associated activities provided recreational opportunities, supplementary education, personal development, mentoring and other forms of practical support to young people irrespective of background or religious affiliation.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
HOH continued its international educational and mission activities through the Kingdom Lifestyle Mission (KLM). During the year, educational and mission support was principally directed towards Ghana, Pakistan, India and South Sudan.
1.2 Programmes Funding and Allocation of Sources of Funding
During the 2024–2025 financial year, HOH’s church, community, youth, homelessness and international programmes continued to be supported through a combination of members’ donations, external grant funding and restricted funds brought forward from the previous year. Total incoming resources available for annual operations amounted to £487,622, compared with £423,744 in 2023–2024. Donations increased significantly to £299,437, compared with £242,817 in the previous year, demonstrating the continued generosity and commitment of HOH members and other supporters.
We are particularly grateful for the substantial grant support received during the year. The Ministry of Housing, Communities and Local Government (MHCLG) provided grants totalling £101,898, principally in support of HOH’s homelessness activities. TNLCF Reaching Communities through the National Lottery Community Fund provided grants totalling £108,164.50 toward day-centre and related humanitarian programmes.
Accordingly, total new grant receipts during the year amounted to £210,062.50, of which £139,306.58 was allocated towards 2024–2025 activities and £70,755.92 remained committed as restricted grant funding for future programme delivery. In addition, £48,878.79 of restricted grant funding brought forward from the previous financial year was available for utilisation during the year.
The Trustees extend their sincere appreciation to MHCLG, TNLCF Reaching Communities through the National Lottery Community Fund, HOH members and all other donors and supporters. Their combined financial commitment has been instrumental in enabling the Church to maintain and expand its humanitarian, community, youth, homelessness and Kingdom Lifestyle Mission activities despite continuing growth in demand for services.
1.3 Homeless Project and Community Support
During the year, Highway of Holiness (HOH) continued to provide substantial humanitarian assistance through its Homeless Project, Day Care Centre and Community Support programmes. These activities provide accommodation, food and food vouchers, welfare and practical assistance, personal care and hygiene facilities, clothing, family support, community meals and other services intended to help vulnerable individuals progress towards greater stability and independent living.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
The total cost of HOH’s humanitarian programmes during the year amounted to £278,982.18. Grant funding available and utilised towards these activities amounted to £188,185.38, representing approximately 67.5% of the total humanitarian programme cost. The remaining £90,796.80, or approximately 32.5%, was financed from HOH members’ contributions and reserves.
A significant component of the grant-supported expenditure relates to Highway House, where employee costs of £91,532.49 were incurred in providing personnel for the Homeless Project and associated community care and support services. These costs formed part of the expenditure supported by grants awarded and utilised during the financial year.
In addition to personnel costs, direct expenditure on the Homeless Project amounted to £78,332.27, including accommodation costs, food and food vouchers, rented accommodation, utilities and other direct support expenditure. The Day Care Centre incurred £64,657.65, principally comprising the weekly feeding programme, clothing and footwear assistance, family food support and utilities. A further £19,127.16 was incurred on wider community humanitarian care and support.
HOH also continued humanitarian commitments not directly supported by the grants. These included £19,190.56 towards KLM educational activities in Ghana, Pakistan and South Sudan, £4,742.05 towards overseas mission and humanitarian support, and £1,400.00 in support of UK charities.
The Trustees are particularly grateful for the external grant funding received, which has enabled HOH to maintain essential services at a level that would otherwise have been difficult to sustain. Nevertheless, the £90,796.80 funding gap between humanitarian programme costs and grant support remains significant and continues to be met through members’ contributions and HOH reserves, including resources otherwise intended to support longer-term objectives such as the Church Building Project.
The Trustees therefore consider additional and more sustainable external funding to be a priority. While HOH members have demonstrated exceptional commitment in supporting humanitarian activities, continued reliance upon their contributions and the utilisation of reserves intended for the Building Project is not sustainable in the longer term. HOH will consequently continue seeking grants, partnerships, sponsorship and other external funding to reduce this shortfall while protecting the Church’s strategic reserves and maintaining essential humanitarian services.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
1.4 Youth Commitments and Members’ Welfare
The welfare and development of HOH members, children, young people and the wider community remained an important part of the Church’s charitable and Christian mission throughout the year. HOH continued its youth and community activities, including the Keep It Real Youth Forum, local Community Youth Project and Supplementary Saturday School for primary-school children. These programmes are intended to promote supplementary education, personal development, confidence, social responsibility, community cohesion and improved future employment opportunities.
The Church remains particularly committed to young people who may experience social or economic disadvantage and seeks to provide an inclusive environment in which they can receive guidance, encouragement and opportunities to develop their abilities irrespective of their background.
HOH also continued to provide pastoral and practical support to its members while recognising that the substantial financial demands of its humanitarian activities can place pressure upon resources otherwise available for core Church activities, members’ welfare and youth development. The Trustees therefore intend to maintain and progressively expand HOH’s youth programmes while seeking dedicated external funding and partnerships to support their development. Particular emphasis will continue to be placed on supplementary education, employability and skills development, mentoring and opportunities that enable young people to become confident, responsible and economically independent members of their communities.
The Trustees consider investment in young people and members’ welfare to be fundamental to the long-term sustainability of Highway of Holiness. Accordingly, future financial planning will seek to achieve an appropriate balance between HOH’s substantial humanitarian commitments and the resources required to sustain its core Church mission, support its members and invest in the next generation.
1.5 Kingdom Lifestyle Mission and International Activities
KLM continued its transition towards a partnership-based delivery model. Rather than HOH attempting to finance every international activity directly, partnerships with churches, community organisations, volunteers and other local stakeholders increasingly enabled resources to reach beneficiaries efficiently.
During 2024–2025, direct KLM educational support amounted to £19,190.56, with a further £4,742.05 committed to mission outreach, producing total international KLM and mission support of £23,932.61.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
Educational support comprised:
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Ghana – £14,380.07;
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Pakistan – £3,845.58;
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South Sudan – £964.91.
Mission outreach support included Pakistan and India, bringing total KLM and mission expenditure to £23,932.61.
The number of children supported through the three principal KLM countries increased from 19,342 in 2023–2024 to 22,257 in 2024–2025, an increase of 2,915 children, or approximately 15.1%.
Ghana recorded particularly significant expansion, increasing from 9,705 to 13,657 children supported. Pakistan increased from 3,856 to 4,589, while South Sudan reduced from 5,781 to 4,011.
Financial and operational constraints continued to prevent HOH from restoring direct KLM support across every country previously served. Consequently, the emphasis remains on sustainable partnerships capable of preserving the underlying educational and humanitarian objectives without creating commitments beyond HOH’s available resources.
The KLM figures supporting this report show £19,190.56 of educational support, £4,742.05 of mission support and £23,932.61 overall, while the number of children supported across Ghana, South Sudan and Pakistan increased to 22,257 from 19,342.
The Kingdom Lifestyle Mission continues to serve as a vital conduit for educational and lifetransforming support. While constrained by financial limitations, our efforts reflect a steadfast commitment to nurturing the next generation through faith-led, impact-driven service. We extend heartfelt appreciation to all those whose selfless giving has enabled us to sustain this mission and improve the lives of children around the world.
1.6 Constraints and Challenges
Demand for HOH services continues to exceed the resources immediately available to the Church. Accommodation remains one of the most significant constraints affecting the Homeless Programme, particularly the ability to provide suitable accommodation for women experiencing homelessness.
A property previously made available by a benefactor for the accommodation of women was temporary and ceased to be available following expiry of the arrangement. HOH therefore continues to seek suitable partners, sponsors, landlords and funding organisations capable of supporting longer-term accommodation solutions.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
Another continuing challenge is the reduction in the number of community and charitable organisations available to receive referrals. This has contributed to HOH receiving requests that would previously have been distributed among a wider network of providers.
The Trustees recognise that HOH cannot sustainably respond to every request using Church members’ resources alone. Diversification of funding and greater partnership working therefore remain essential.
1.7 Financial Performance and Analysis
The financial performance for 2024–2025 demonstrates significant growth in HOH’s activities. Total incoming resources increased from £423,744 in 2023–2024 to £487,622 in 2024–2025, representing an increase of £63,878 or approximately 15.1%.
Donations increased substantially from £242,817 to £299,437, an increase of £56,620 or approximately 23.3%. The Trustees regard this as an important indication of continuing confidence and commitment among members, donors and supporters.
Allocated grant income increased from £109,526 to £139,307, representing an increase of £29,781 or approximately 27.2%.
Prior-year restricted/advance resources brought into the year's operations reduced from £71,401 to £48,879. The combination of higher current donations and grant allocations with a lower reliance on prior-year funding represents a positive development in the structure of annual financing. Total expenditure increased from £392,920 to £454,481, an increase of approximately 15.7%, broadly corresponding with the expansion in incoming resources and charitable activities.
Direct charitable expenditure increased from £352,295 to £413,844, an increase of approximately 17.5%. Approximately 84.9% of total incoming resources was therefore applied directly towards charitable objectives.
Management and administration expenditure remained almost unchanged at £40,636, compared with £40,625 in the preceding year. As income increased substantially while administration expenditure remained stable, management and administration expenditure reduced from approximately 9.6% to 8.3% of incoming resources.
HOH consequently achieved a net annual surplus of £33,141, compared with £30,824 in 2023– 2024, representing an improvement of approximately 7.5%.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
1.8 Reserves and Financial Sustainability
The Trustees remain committed to maintaining appropriate reserves while recognising the competing demands placed upon HOH’s financial resources. At 31 October 2025:
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Restricted Grants amounted to £70,756;
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Restricted Operational Emergency Reserve amounted to £26,500;
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Restricted Members’ Donations for the Building Project amounted to £109,897;
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Unrestricted Operational Reserve amounted to £21,545; and
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General Performance Reserve for Core Church Operations remained at £15,000.
The Unrestricted Operational Reserve increased from £20,102 to £21,545, while the Restricted Operational Emergency Reserve increased from £25,000 to £26,500.
However, the Building Project Reserve reduced materially from £152,789 to £109,897. The Trustees recognise that repeated utilisation of resources historically intended for securing permanent premises cannot constitute a sustainable long-term financing strategy.
Accordingly, greater emphasis will be placed on rebuilding reserves, obtaining external financing for humanitarian activities and protecting funds required for the Church’s longer-term infrastructure requirements.
1.9 Achievements during the Year
During the financial year ended 31 October 2025, Highway of Holiness continued to make measurable progress across its core Christian ministry, humanitarian programmes, community services and international educational initiatives.
The Church maintained and expanded its support for individuals experiencing homelessness, providing accommodation, food, food vouchers, welfare guidance, housing advice, employment support and assistance towards independent living. HOH also continued to work with specialist agencies in supporting individuals affected by alcohol dependency, substance misuse, trauma and other barriers to social reintegration. The continuing level of referrals from hospitals, local authorities, police services, the British Red Cross, churches, charities and other community organisations demonstrates the recognised role HOH continues to play within the wider support network.
A significant achievement during the year was the continued progression of service users from homelessness into more stable rented accommodation. Where appropriate, HOH assisted individuals in securing accommodation and, in some cases, supported tenancy arrangements by acting as guarantor with landlords or letting agents. This approach remains consistent with HOH’s objective of helping beneficiaries move progressively towards sustainable independent living.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
Our Community Youth Programme continued to provide young people with access to personal development, mentoring, supplementary education, recreational activities and practical support. Through these programmes, HOH remained focused on building confidence, improving social integration, promoting responsible behaviour and strengthening the future employment prospects of young people within Tottenham, Haringey and surrounding communities.
HOH also maintained its commitment to church members’ welfare, prayer, teaching, evangelism and pastoral care. Prayer and teaching programmes continued throughout the year, supported by volunteers, teachers, counsellors and ministry workers who contributed considerable time and expertise to the Church’s activities.
The Kingdom Lifestyle Mission (KLM) recorded particularly strong progress during the year. Total KLM educational support increased to £19,190.56, compared with £6,739.54 in the previous financial year. Together with mission outreach expenditure of £4,742.05, total KLM and mission support amounted to £23,932.61. The number of children supported through the three principal KLM countries increased from 19,342 to 22,257, representing growth of approximately 15.1%.
Ghana recorded the most significant increase in KLM beneficiaries, with the number of children supported rising from 9,705 to 13,657. Pakistan also increased from 3,856 to 4,589, while HOH maintained important educational support in South Sudan despite operational and financial constraints. These achievements were made possible increasingly through partnerships with churches, community organisations, volunteers and other local stakeholders.
Financially, HOH achieved a substantial increase in resources available for its charitable purposes. Total incoming resources rose from £423,744 to £487,622, an increase of approximately 15.1%. Donations increased from £242,817 to £299,437, representing growth of approximately 23.3%, while allocated grants increased from £109,526 to £139,307, an increase of approximately 27.2%.
Importantly, the increased resources translated directly into expanded charitable activity. Direct charitable expenditure rose from £352,295 to £413,844, while management and administration expenditure remained almost unchanged at £40,636, compared with £40,625 in the previous year. This reflects HOH’s continued focus on directing most available resources towards its charitable objectives rather than administrative overheads.
The Church also generated a net annual surplus of £33,141, compared with £30,824 in the previous year, providing further evidence of disciplined financial management despite increasing programme activity and continuing demand for services.
Overall, the Trustees consider the 2024–2025 financial year to have been one of continued growth, increased reach and measurable social impact. HOH successfully expanded its humanitarian and educational activities, strengthened its international partnerships, increased donor and grant support, maintained control over administrative expenditure and continued progressing beneficiaries towards greater independence.
These achievements provide a strong foundation upon which HOH intends to build, while recognising that future expansion must remain proportionate to available funding, suitable
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
accommodation, volunteer capacity and the need to preserve adequate operational and strategic reserves.
1.10 Strategic Priorities
The Trustees have identified the following principal priorities for the coming years:
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Strengthen HOH’s core Christian ministry, evangelism, worship and pastoral activities;
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Diversify income and reduce excessive reliance on Church members to finance humanitarian programmes;
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Secure sustainable accommodation arrangements for homeless service users, particularly women;
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Develop the proposed night-care and transitional accommodation model;
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Expand youth, supplementary education, employment and personal-development programmes where funding permits;
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Strengthen partnerships with councils, charities, churches, hospitals, emergency services, educational institutions and community organisations;
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Continue developing KLM through sustainable local partnerships;
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Rebuild and protect reserves required for HOH’s operational resilience and future premises;
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Continue increasing the unrestricted operational reserve towards a level capable of supporting an appropriate period of normal operations; and
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Maintain effective governance, financial control, safeguarding and accountability as HOH’s activities expand.
Trustees’ Conclusion
The Trustees consider 2024–2025 to have been a year of meaningful growth and increased impact. Incoming resources increased by approximately 15.1%, donations by 23.3% and allocated grants by 27.2%. Importantly, this additional financing translated into increased charitable activity, with direct expenditure on charitable objectives rising by approximately 17.5%.
At the same time, HOH maintained management and administration expenditure at almost the same monetary level as the previous year, demonstrating disciplined management of overheads despite increased operational activity.
The Trustees nevertheless recognise that financial growth alone does not resolve HOH’s principal strategic challenges. Appropriate accommodation, adequate unrestricted reserves, preservation of the Building Fund and sustainable external financing remain priorities.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
The Trustees therefore enter the next financial year with a commitment to consolidate the progress achieved, strengthen HOH’s financial resilience and partnerships, and continue pursuing its Christcentred mission while delivering meaningful and sustainable support to the communities and beneficiaries entrusted to its care.
Signed: AlexGyasi
Rev Alexander Gyasi - MBE
Chairman of the Trust
For and on behalf of the Trustees and Members of Highway of Holiness Date: 30 July 2026
2 Accountants' Independent Report
Independent Examiner’s Report to the Trustees of Highway of Holiness
We report on the unaudited financial statements of Highway of Holiness (HOH) for the year ended 31 October 2025.
Our responsibility is to undertake our work in accordance with the applicable requirements governing the preparation and independent examination of the Charity’s financial statements and to report to the Trustees on matters arising from our examination.
The underlying accounts show direct charitable expenditure of £413,844, management and administration expenditure of £40,636, total expenditure of £454,481 and a £33,141 surplus, compared with £30,824 in the preceding year. The balance-sheet information also records current assets of £304,496, tangible fixed assets of £9,958 and current liabilities of £70,756.
Responsibilities of the Trustees
The Trustees are responsible for maintaining adequate accounting records, safeguarding the assets of the Charity, establishing appropriate financial controls and preparing financial statements which properly reflect the activities, transactions, assets, liabilities and funds of Highway of Holiness.
The Trustees are also responsible for determining that the Charity satisfies the applicable requirements for independent examination rather than statutory audit.
Our engagement has been undertaken using the accounting records, supporting documents, explanations and information made available by the Trustees and management.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
Basis of Independent Examination
Our work included consideration of the accounting records maintained by HOH, comparison of those records with the financial statements, analytical review of significant balances and movements, and enquiries of the Trustees and management concerning material or unusual matters identified during the examination.
An independent examination is substantially narrower in scope than an audit and does not provide all the evidence that would be required to express an audit opinion. Accordingly, we do not express an audit opinion on these financial statements.
Operational and Strategic Observations
HOH continued to demonstrate substantial commitment to both its core Christian purposes and its wider humanitarian objectives during 2024–2025.
The financial statements show a significant expansion in annual activity. Total incoming resources increased from £423,744 to £487,622, while direct charitable expenditure increased from £352,295 to £413,844.
Of particular significance is the increase in donations from £242,817 to £299,437, demonstrating continuing support from members, donors and the wider community.
Allocated grants also increased from £109,526 to £139,307, strengthening HOH’s ability to finance its charitable programmes.
The increased income was accompanied by increased expenditure associated with service delivery. However, management and administration expenditure was effectively contained at £40,636, compared with £40,625 in the preceding year.
This indicates that much of the increased expenditure was directed towards charitable activities rather than administrative overhead.
Financial Performance and Ratio Analysis
Total incoming resources increased by approximately 15.1%, from £423,744 to £487,622.
Total expenditure increased by approximately 15.7%, from £392,920 to £454,481.
The resulting annual surplus increased from £30,824 to £33,141, an improvement of approximately 7.5%.
The surplus margin was approximately 6.8%, compared with 7.3% in 2023–2024. Although the monetary surplus increased, expenditure grew marginally faster than income. This should be monitored, particularly if HOH continues expanding its humanitarian commitments.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
The direct charitable expenditure ratio increased from approximately 83.1% of incoming resources to 84.9%, demonstrating that a substantial proportion of resources continues to be applied directly towards charitable objectives.
The management and administration expense ratio improved from approximately 9.6% to 8.3% of incoming resources. This is a positive indicator: administration expenditure remained virtually unchanged despite a 15.1% increase in income and materially higher programme activity.
Donations increased by approximately 23.3%, while allocated grants increased by approximately 27.2%. This indicates improved current-year financing and reduced reliance upon amounts brought forward from previous grant periods.
Financial Position and Liquidity
Current assets increased from £297,371 to £304,496, an increase of approximately 2.4%.
However, current liabilities increased from £48,879 to £70,756, principally reflecting restricted grant obligations. Consequently, the current ratio reduced from approximately 6.1:1 to 4.3:1.
The ratio continues to indicate adequate headline short-term asset coverage. Nevertheless, a substantial proportion of current assets is restricted and therefore cannot be regarded as freely available liquidity.
Net assets decreased from £261,768 to £243,697, a reduction of approximately 6.9%. This movement requires consideration alongside the composition and reallocation of reserves rather than being assessed solely by reference to the annual income surplus.
The Unrestricted Operational Reserve increased from £20,102 to £21,545, representing an increase of approximately 7.2%. It nevertheless represents only approximately 8.8% of total net assets, meaning that HOH continues to have comparatively limited freely deployable reserves.
Reserve Strategy
The Restricted Operational Emergency Reserve increased from £25,000 to £26,500, while the General Performance Reserve for Core Church Operations remained at £15,000.
We continue to recommend progressive strengthening of both operational and core Church reserves.
Of particular concern is the reduction in the Members’ Building Project Reserve from £152,789 to £109,897, a decrease of £42,892 or approximately 28.1%.
HOH has historically relied upon funds contributed by members towards the acquisition of permanent premises to assist with wider humanitarian obligations. While the commitment of
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
members to these charitable purposes is commendable, continued depletion of the Building Fund could materially delay HOH’s strategic objective of acquiring appropriate permanent facilities.
We therefore recommend that humanitarian activities increasingly be financed through grants, partnerships, designated fundraising and other external sources, allowing the Building Fund progressively to be protected and rebuilt.
Operational Resilience
Demand for homelessness, community and youth services remains substantial. Appropriate accommodation for homeless women continues to present a material operational constraint.
HOH should continue developing partnerships with local authorities, charities, housing providers, hospitals, the British Red Cross, churches, specialist agencies and other organisations capable of sharing responsibility for service delivery.
The Church should also continue developing pathways towards independent living rather than indefinite dependency, including accommodation support, employment assistance, welfare guidance, training and appropriate specialist referrals.
Kingdom Lifestyle Mission
The partnership strategy adopted for the Kingdom Lifestyle Mission remains appropriate.
During the year, KLM’s educational expenditure increased significantly, and the number of children supported across the three principal countries rose to 22,257.
The expansion demonstrates the potential for HOH to achieve greater social impact through partnerships and locally delivered programmes. We therefore recommend continued emphasis on partner-led implementation, appropriate accountability and targeted HOH financial support.
Recommendations
We recommend that the Trustees continue to:
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increase unrestricted operational reserves;
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strengthen the Operational Emergency Reserve;
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protect and progressively rebuild the Building Project Reserve;
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diversify grant and donor income;
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ensure restricted funds are separately identified and applied solely for their intended purposes;
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
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maintain close budgetary control over expanding charitable programmes;
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seek external financing for homelessness accommodation;
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develop measurable programme outcomes alongside financial reporting;
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maintain appropriate safeguarding and governance arrangements as beneficiary numbers increase; and
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undertake annual review of reserve adequacy against actual operating expenditure and committed obligations.
Independent Examiner’s Statement
Based upon our examination and the information and explanations made available to us, no matter has come to our attention which gives us reasonable cause to believe that, in any material respect, adequate accounting records have not been maintained or that the financial statements are inconsistent with those records.
Furthermore, no matter has come to our attention in connection with our examination to which, in our opinion, attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
PMCT Accountants & Consultants
Vincent Santeng – CA (GH), PGDIP, MBA, FCCA
Signature: VincSant
PMCT Accountants Partner Name: Vincent Santeng – CA (GH), PGDIP, MBA, FCCA In a Capacity as a Qualified Chartered and Certified Accountant. Date: 30 July 2026
Address: Ability House, 121 Brooker Road, Waltham Abbey, EN9 1JH
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
- 3 Highway of Holiness: Annual Report for the Year Ended 31 October 2025
3.1 Scope of Operation and Undertaken Activities
During the financial year ended 31 October 2025, Highway of Holiness continued to pursue its Christian, charitable and humanitarian objectives through an integrated programme of worship, evangelism, homelessness support, community care, youth development and international educational assistance.
The Highway Homeless Programme continued to operate under considerable demand. HOH provided accommodation, food and food vouchers, welfare guidance, housing support, employment assistance and pathways towards independent living.
Service users represented a broad range of nationalities and backgrounds, including UK citizens and people originating from Eastern Europe, Africa and Asia. Where specialist intervention was required, HOH continued to work with external agencies in areas including alcohol dependency, detoxification and associated support.
Accommodation remains one of the Programme’s greatest constraints. Temporary accommodation previously provided by a benefactor for women experiencing homelessness ceased to be available, increasing the urgency of securing suitable replacement facilities.
HOH continued working with local authorities and other organisations, including Haringey Council, together with charities, hospitals, emergency services, churches and community organisations.
Volunteers remained fundamental to the delivery of these services, contributing their time, food, clothing, professional knowledge and practical assistance.
3.1 Community Youth Activities
HOH continued developing its Community Youth Programmes, which have increasingly gained recognition beyond the immediate local community.
Activities included mentoring, counselling, recreational opportunities, supplementary education, personal-development programmes, confidence-building and initiatives designed to improve young people’s employment prospects.
The programmes remain inclusive and are intended to enable young people to realise their potential irrespective of social, cultural or religious background while promoting social responsibility and positive community participation.
The Keep It Real (KIR) television initiative remains suspended pending appropriate sponsorship and financing. HOH nevertheless considers the underlying concept valuable and intends to revisit its development when sustainable resources become available.
17
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
3.2 Church and Ministry Activities
Christian worship, prayer, teaching and evangelism remained at the heart of HOH’s activities. Prayer and teaching programmes continued throughout the year, together with activities specifically designed to support children and young people and discourage involvement in gangs and other harmful behaviour.
Training for teachers, youth workers, counsellors and volunteers continued to strengthen HOH’s ability to respond appropriately to changing educational, social and cultural needs.
3.3 Kingdom Lifestyle Mission
KLM continued delivering supplementary education and humanitarian support internationally. During 2024–2025, total KLM educational expenditure amounted to £19,190.56, compared with £6,739.54 in the preceding year.
Together with mission outreach expenditure of £4,742.05, total KLM and mission support amounted to £23,932.61.
The number of children supported across Ghana, Pakistan and South Sudan increased from 19,342 to 22,257, representing approximately 15.1% growth.
HOH’s future international strategy will increasingly rely upon strong local partnerships, enabling programmes to expand without requiring HOH alone to bear the entire financial burden.
3.2 Financial Performance
HOH recorded total incoming resources of £487,622, compared with £423,744 in 2023–2024. This comprised:
-
£48,879 of prior-year restricted/advance resources utilised during the year;
-
£299,437 of donations; and
-
£139,307 of allocated grants.
Donations represented approximately 61.4% of total incoming resources, demonstrating the continuing importance of Church members, supporters and private donors.
Allocated grants represented approximately 28.6%, while prior-year resources represented approximately 10.0%.
Total resources expended amounted to £454,481, of which £413,844 related directly to charitable objectives and £40,636 related to management and administration.
HOH therefore generated a surplus of £33,141 for the year.
18
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
3.4 Planned Objectives
HOH intends to maintain and progressively strengthen its existing programmes while ensuring that expansion remains financially sustainable.
The principal objectives include securing suitable accommodation for homelessness services, particularly facilities capable of supporting women; developing transitional and independent-living pathways; strengthening the Community Day Centre; expanding employment and skills support; and developing the proposed night-care accommodation model.
HOH also intends to expand its youth programmes, including the Keep It Real Youth Forum and supplementary education initiatives, subject to external financing.
The Church will continue training volunteers and developing partnerships with organisations possessing specialist capabilities that HOH cannot economically maintain internally.
Internationally, KLM will continue to focus upon partnership-led expansion, concentrating HOH resources where they can generate the greatest sustainable educational and humanitarian impact.
3.5 Future Strategy
The Trustees recognise that HOH cannot continue expanding its humanitarian activities principally through increased financial contributions from Church members.
Although donations increased significantly during 2024–2025, reliance upon members to finance both core Church requirements and growing humanitarian programmes creates a long-term sustainability risk.
Future strategy will therefore focus upon diversification of funding, partnership working, financial resilience and protection of core Church resources.
Securing appropriate permanent premises remains strategically important. The existing facilities continue to support multiple activities, including worship and humanitarian services. Dedicated and appropriately configured premises would improve operational effectiveness and allow HOH to serve both its congregation and community more effectively.
The reduction in the Building Project Reserve from £152,789 to £109,897 reinforces the need to protect future building contributions and reduce reliance upon these resources for annual humanitarian expenditure.
HOH will therefore seek to increase external financing through grants, institutional partnerships, philanthropic support and designated fundraising.
The Church also intends to continue increasing operational reserves progressively to improve resilience against funding interruptions and unexpected increases in demand.
19
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
3.6 Homelessness Strategy
The Homeless Programme remains an important component of HOH’s charitable mission.
The strategic emphasis will increasingly move towards interventions capable of achieving sustainable independence for beneficiaries, including:
-
Transitional accommodation;
-
Independent living support;
-
Welfare and housing advice;
-
Employment assistance and training;
-
Specialist health and dependency referrals;
-
Partnership with landlords and accommodation providers; and
-
Structured day-care and night-care services.
HOH will continue exploring whether future structural arrangements could improve access to dedicated homelessness funding. Any such decision should, however, be considered carefully against the benefits currently obtained from the integrated Church and humanitarian operating model.
3.7 Financial and Operational Outlook
The 2024–2025 financial results demonstrate that HOH remains capable of attracting significant support.
The 15.1% increase in incoming resources and 23.3% increase in donations are particularly encouraging. Increased grant allocation also indicates continuing external recognition of HOH’s humanitarian activities.
However, direct charitable expenditure increased by 17.5%, demonstrating that rising resources are accompanied by rising service obligations.
The Trustees will therefore continue applying disciplined budgeting and monitoring to ensure that programme commitments remain proportionate to available funding.
The stability of management and administration costs during a period of substantial growth is encouraging. The principal financial priority is now to convert this improved operating scale into stronger unrestricted reserves, sustainable programme financing and protection of funds required for HOH’s long-term premises.
20
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
3.8 Operational Consideration Conclusion
The year ended 31 October 2025 demonstrates both the increasing impact of Highway of Holiness and the scale of responsibility accompanying that growth.
HOH expanded its financial resources, charitable expenditure and international educational reach while maintaining administrative expenditure at approximately the same monetary level as the preceding year.
The Church nevertheless recognises that continued expansion must be sustainable.
The next stage of HOH’s development will therefore emphasise stronger external partnerships, diversified financing, appropriate accommodation, improved reserves, protection of long-term building resources and programmes designed to enable beneficiaries to progress towards independence.
Above all, Highway of Holiness remains committed to its central Christian purpose: advancing the Gospel of Jesus Christ while expressing that faith through responsible, compassionate and practical service to its members, local communities and beneficiaries internationally.
4 Statement of Financial Performance Summary as of 31 October 2025
| 2024–2025 | 2023–2024 | |
|---|---|---|
| Incoming Resources | ||
| Prior Year Unrestricted Reserve(Advance)now as Income | 48,879 | 71,401 |
| Donations | 299,437 | 242,817 |
| Grants | 139,307 | 109,526 |
| Total Incoming Resources | 487,622 | 423,744 |
| Resources Expended | ||
| Direct Charitable Expenditure on charitable objectives | 413,844 | 352,295 |
| Other Expenditure: Management and Administration of the Charity |
40,636 | 40,625 |
| Total Resources Expended | 454,481 | 392,920 |
| Net Incoming Resources for theyear | 33,141 | 30,824 |
| Fund Balances brought forward | 212,891 | 182,066 |
| Fund Balances carried forward | 246,032 | 212,891 |
Incoming resources increased to £487,622 from £423,744 (+15.1%), donations increased to £299,437 (+23.3%), allocated grants increased to £139,307 (+27.2%), and the annual surplus increased to £33,141 from £30,824 (+7.5%). At the same time, direct charitable expenditure increased substantially to £413,844, reflecting the increased scale of HOH’s charitable activities.
21
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
5 Statement of Financial Position as of 31 October 2025
| 2024 – 2025 | 2023 – 2024 | |
|---|---|---|
| Fixed Assets | ||
| Tangible Fixed Assets | 9,958 | 13,277 |
| Current Assets | ||
| Advance Payment | 9,250 | 9,250 |
| Restricted Amount At Bank Re Grant | 70,756 | 48,879 |
| Funds Deposited by Members Specifically for the Church Building Project |
162,789 | 152,789 |
| Balance at Bank and in Hand | 64,036 | 86,453 |
| 306,831 | 297,371 | |
| Short-Term Liabilities | ||
| Operational Liabilities fallingdue within oneyear | 70,756 | 48,879 |
| 70,756 | 48,879 | |
| Net Current Assets | 236,075 | 248,492 |
| Net Assets | 246,032 | 261,768 |
| Funds | ||
| Restricted Grants | 70,756 | 48,879 |
| Restricted Operational Emergency Reserve | 26,500 | 25,000 |
| Restricted Members'Donations for Building Project | 109,897 | 152,789 |
| Unrestricted Operational Reserve | 22,880 | 20,102 |
| General Performance Reserve for Core Church Operation | 16,000 | 15,000 |
| 246,032 | 261,769 |
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 those included in the above Statement of Financial Activities. The notes from pages 24 to 31 form part of these accounts. Above is the Highway of Holiness performance statement, and the Balance Sheet below reflects a true and fair view of the church's position as of 31 October 2025.
Approved by the Board of Trustees on 30 July 2026. Signed: AlexGyasi
Rev Alexander Gyasi - MBE
Chairman of the Trust
For and on behalf of the Trustees and Members of Highway of Holiness Date: 30 July 2026
The notes to the accounts are on pages 24 to 31.
22
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
6 Notes to the accounts: Year ended 31 October 2025
6.1 Accounting Policies
6.1.1 Basis of measurement and preparation of accounts
Highway of Holiness, a UK-registered charity, prepares its financial statements using the historical cost convention in compliance with the Financial Reporting Standard for Smaller Entities (Effective April 2008) and the revised Statement of Recommended Practice 'Accounting for Charities' (SORP). The financial statements are based on the accrual basis of accounting, following the applicable Financial Reporting Standard for Smaller Entities (FRSSE) at the reporting date. All assets and liabilities are recorded at historical cost, and there are no financial instruments measured at fair value as per relevant accounting standards for Highway of Holiness.
6.1.2 Tangible Fixed Assets Depreciation Policy
Tangible fixed assets are capitalised, considering any grants receivable, and are depreciated over their estimated useful lives. The depreciation is calculated using the reducing-balance capitalising method at the following rates:
-
Equipment: 25% on Net Book Value
-
Furniture: 25% on Net Book Value
-
Fittings: 25% on Net Book Value
The financial statements will disclose the estimated useful lives and depreciation rates applied to different asset categories. The straight-line method may be used for depreciation unless a different approach, like the reducing balance method, is deemed more appropriate.
6.1.3 Income Recognition
Income is recorded on an accrual basis, except for donations, which are recognised when received during the period. Income will be acknowledged when there is a probable inflow of economic benefits to the charity, and the amount can be reliably measured. Donations and grants received will be recognised as income when the charity gains control over the contribution, usually upon receipt.
6.1.4 Expenditure
All expenses are recorded on an accrual basis. Direct charitable expenditure pertains to costs directly related to the charity's objectives, while administrative costs cover central administration expenses and wages. Both types of expenditure are recognised in the relevant accounting period.
6.1.5 Valuation information and policy
When relevant, valuations will be conducted based on the lower cost and net realisable value, considering any obsolescence. Cost includes all direct expenditures and an appropriate portion of fixed and variable overheads. Valuation of assets and liabilities will be carried out following the
23
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
applicable accounting standards, considering potential obsolescence, and recording all directly attributable expenses and a suitable portion of fixed and variable overheads.
6.1.6 Funds
The charity's funds are categorised into restricted funds, designated for specific, dedicated purposes as identified by donors, and unrestricted funds, available for the trustees' discretion.
6.1.7 Financial Reporting
The financial statements will be prepared following relevant accounting standards to present a true and fair view of the charity's financial position, performance, and cash flows. The statements will consist of a balance sheet, income statement, statement of cash flows, and accompanying notes, as mandated by accounting standards and legal requirements.
6.1.8 Compliance with Legal and Regulatory Requirements
The accounting policies and practices will comply with the guidelines of the Charity Commission for England and Wales (or the relevant regulatory authority) and other relevant laws and regulations governing the operations and reporting of charities.
6.1.9 Changes in Accounting Policies
Any changes in accounting policies shall be disclosed in the financial statements, along with the reasons for the change and its impact on the financial results.
6.1.10 Accounting Records and Documentation
Proper accounting records and documentation shall be maintained to support the financial transactions and provide an audit trail for the financial statements.
6.1.11 Gift Aids Received and Receivable
Following the principles of recognisability and prudence, this classification is treated as an offbalance sheet item, instilling confidence in members that gift aid claimed and claimable will replace members' restricted reserve used for humanitarian purposes. This policy covers the amount available as a deposit for building funds and purchase processing costs. Trustees will continue engaging with HOH members as has been the case for prior years on hedging gift aid receipts, guided by PMCT Accountants & Consultants, using the already implemented bank client account to safeguard the HOH building fund hedging strategy. This measure limits exposure and enhances the probability of allowing members' restricted funds to be used for humanitarian activities while ensuring the specific project donations for purchasing the church building are securely managed.
6.1.12 Going Concern
The financial statements shall be prepared on a going-concern basis unless there is significant uncertainty about the charity's ability to continue its operations. In such cases, appropriate disclosures shall be made in the financial statements.
24
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
6.2 Statement of Performance as of 31 October 2025
| 2024 – 2025 | 2023 – 2024 | |
|---|---|---|
| Incoming Resources | ||
| Prior Year Unrestricted Reserve(Advance)now as Income | 48,879 | 71,401 |
| Donations | 299,437 | 242,817 |
| Grants Allocated | 139,307 | 109,526 |
| Total Incoming Resources | 487,622 | 423,744 |
| Direct Charitable Expenditure on Direct Charitable Objectives | ||
| Allowances - HighwayHouse | 91,532 | 70,667 |
| Allowances - Highwayof Holiness | 38,080 | 27,676 |
| CommunityHumanitarian Care and Homeless Programme | 187,450 | 150,666 |
| Departmental and ResponsibilityManagement | 50,803 | 64,861 |
| Operations | 11,287 | |
| Lease Rent | 32,000 | 35,796 |
| Office Rates | 2,692 | 2,629 |
| 413,844 | 352,295 | |
| Management and Administration Expenses | ||
| Training | 550 | |
| Travel Vouchers | 1,225 | 945 |
| Motor Expenses | 2,916 | 3,382 |
| Light & Heat | 2,146 | 1,732 |
| Telephone and Fax | 803 | 460 |
| Books,Tapes,Stationery& Administration | 9,615 | 8,240 |
| Printing and Stationery | 850 | 907 |
| Subscription | 1,622 | 2,174 |
| Bank Charges | - | 55 |
| Repairs and Renewals | 1,591 | |
| Insurances | 2,891 | 3,165 |
| Software | 1,208 | 2,341 |
| Depreciation(Capital Allowance) | 3,319 | 4,425 |
| General Maintenance Department - Administration | 1,558 | 3,124 |
| Accountancyand Professional Fees | 4,250 | 3,750 |
| Bookkeepingand Consultants | 8,222 | 8,581 |
| Bank Interest | -2,895 | -3,034 |
| Postal | 766 | 378 |
| 40,636 | 40,625 | |
| Total Expenditure | 454,481 | 392,920 |
25
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
| 2024 – 2025 | 2023 – 2024 | |
|---|---|---|
| Net Surplus or Deficit | 33,141 | 30,824 |
| Fund Balances brought forward | 212,891 | 182,066 |
| Fund Balances carried forward | 246,032 | 212,891 |
6.3 Direct Charitable Expenditure on Direct Charitable Objectives
| 2024 – 2025 | 2023 – 2024 | |
|---|---|---|
| Direct Charitable Expenditure on Direct Charitable Objectives | ||
| Allowances - HighwayHouse | 91,532 | 70,667 |
| Allowances - Highwayof Holiness | 38,080 | 27,676 |
| CommunityHumanitarian Care and Homeless Programme | 187,450 | 150,666 |
| Departmental and ResponsibilityManagement | 50,803 | 64,861 |
| Operations | 11,287 | |
| Lease Rent | 32,000 | 35,796 |
| Office Rates | 2,692 | 2,629 |
| Total Expenses | 413,844 | 352,295 |
6.4 Management and Administration Expenses
| 2024 – 2025 | 2023 – 2024 | |
|---|---|---|
| Management and Administration Expenses | ||
| Training | 550 | |
| Travel Vouchers | 1,225 | 945 |
| Motor Expenses | 2,916 | 3,382 |
| Light & Heat | 2,146 | 1,732 |
| Telephone and Fax | 803 | 460 |
| Books,Tapes,Stationery& Administration | 9,615 | 8,240 |
| Printing and Stationery | 850 | 907 |
| Subscription | 1,622 | 2,174 |
| Bank Charges | - | 55 |
| Repairs and Renewals | 1,591 | |
| Insurances | 2,891 | 3,165 |
| Software | 1,208 | 2,341 |
| Depreciation(Capital Allowance) | 3,319 | 4,425 |
| General Maintenance Department - Administration | 1,558 | 3,124 |
| Accountancyand Professional Fees | 4,250 | 3,750 |
26
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
| 2024 – 2025 | 2023 – 2024 | |
|---|---|---|
| Bookkeepingand Consultants | 8,222 | 8,581 |
| Bank Interest | -2,895 | -3,034 |
| Postal | 766 | 378 |
| Total Expenses | 40,636 | 40,625 |
6.5 Assets and Capitalisation 2024-25
| Cost | Equipment | Furniture |
Fittings |
Total |
|---|---|---|---|---|
| As of 01 November 2024 | 47,555 | 11,309 | 58,290 | 117,154 |
| Additions | ||||
| Disposal | ||||
| 47,555 | 11,309 | 58,290 | 117,154 | |
| Depreciation | ||||
| As of 01 November 2024 | 36,061 | 10,340 | 57,476 | 103,877 |
| Charge for the Year-2024-25 | 2,874 | 242 | 203 | 3,319 |
| Disposal | ||||
| 38,934 | 10,582 | 57,680 | 107,196 | |
| Net Book Value- 31 October 2025 | 8,621 | 727 | 610 | 9,958 |
| Net Book Value- 31 October 2024 | 11,494 | 969 | 814 | 13,277 |
6.6 Departmental and Responsibility Management
| 2024-25 | 2023-24 | |
|---|---|---|
| Departmental and Responsibility Management | ||
| Ministry- Youth and Retreat Expenses | 12,370 | 14,720 |
| Ministry- Media and Audio Ministry | 5,585 | 4,250 |
| Ministry- Music Department - Music & Worship& Prayer | 4,725 | 11,570 |
| Ministry- Outreach Expenses & VisitingPreachers | 3,911 | 10,612 |
| Ministry- Mission & Evangelism | 3,444 | 11,416 |
| Ministry- Members Welfare | 20,769 | 12,292 |
| 50,803 | 64,861 |
27
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
6.7 Grants Account Details
| Accounting Year |
Payment Date |
Description | Credit | 01/11/2024 - 30/10/2025 |
01/11/2025 - 30/10/2026 |
|---|---|---|---|---|---|
| 2023-24 | 01/07/2024 | DLUHC BGC | 53,385.00 | 17,795.00 | |
| 2023-24 | 27/09/2024 | MAIN GRANTS BGC | 53,286.50 | 31,083.79 | |
| 48,878.79 | |||||
| 2024-25 | 02/01/2025 | MHCLG | 8,913.00 | 8,913.00 | |
| 2024-25 | 01/05/2025 | MHCLG | 92,985.00 | 54,241.25 | 38,743.75 |
| 2024-25 | 21/02/2025 | MAIN GRANTS BGC | 53,286.50 | 53,286.50 | |
| 2024-25 | 29/08/2025 | MAIN GRANTS BGC | 54,878.00 | 22,865.83 | 32,012.17 |
| 210,062.50 | 139,306.58 | 70,755.92 | |||
| 188,185.38 | 70,755.92 |
01/11/2024 - 30/10/2025 as Restricted Reserve with a commitment of £70,755.92
6.8 Missions and KLM Support (2024–2025)
Summary of Missions and KLM Support (2024–2025)
| Country | KLM Education Support (£) |
Mission Outreach Support(£) |
Total Support (£) |
|---|---|---|---|
| Ghana | 14,380.07 | 14,380.07 | |
| Pakistan | 3,845.58 | 2,026.14 |
5,871.72 |
| India | 2,715.91 | 2,715.91 |
|
| South Sudan | 964.91 | 964.91 | |
| Total | 19,190.56 | 4,742.05 | 23,932.61 |
Children's Educational Support: KLM Financing Allocations Comparison
| Country | 2024–2025 (£) | 2023–2024 (£) |
|---|---|---|
| Ghana | 14,380.07 | 3,929.54 |
| South Sudan | 964.91 | 2,200.00 |
| Pakistan | 3,845.58 | 610.00 |
| Total | 19,190.56 | 6,739.54 |
It is worth noting that, due to funding constraints in the 2024–2025 financial year, KLM was unable to extend support to countries previously assisted, including Ethiopia, Sierra Leone, Poland, Nigeria, India, Philippines, Lebanon (crisis response), Nicaragua, and Kenya.
28
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
Number of Children Supported Through KLM (Three Primary Countries)
| Country | 2024–2025 | 2023–2024 | 2022–2023 | 2021–2022 |
|---|---|---|---|---|
| Ghana | 13,657 | 9,705 |
9,501 | 7,601 |
| South Sudan | 4,011 | 5,781 |
5,281 | 4,225 |
| Pakistan | 4,589 | 3,856 |
3,706 | 2,965 |
| Total | 22,257 | 19,342 |
18,488 | 14,791 |
6.9 Trustees' Commitment – Trustees' Remuneration and Staffing Costs
No payments were made to any Trustees during the year in respect of their roles and responsibilities as Trustees. The total remuneration for the Office of Ministers was £27,296.00 for the accounting year 2023-24.
The organisation also employs four specialist staff members to support its operational and programme delivery. By statutory obligation, all employees are enrolled in stakeholder pension schemes.
The Trustees are fully committed to ensuring compliance with all applicable regulatory requirements. Where internal expertise is unavailable, the organisation seeks professional support and external consultancy as needed to address short- and medium-term operational challenges.
In addition to the above, other associated costs are incurred in the primary cost centres outlined throughout this report.
6.10 Funds and Reserve Policies 2024-25
| 2024– 2025 | 2023– 2024 | |
|---|---|---|
| Restricted Grants | 70,756 | 48,879 |
| Restricted Operational Emergency Reserve | 26,500 | 25,000 |
| Restricted Members'Donations for Building Project | 109,897 | 152,789 |
| Unrestricted Operational Reserve | 22,880 | 20,102 |
| General Performance Reserve for Core Church Operation | 16,000 | 15,000 |
| **246,032 ** | 261,769 |
29
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
6.11 Grant Usage and Humanitarian Support Commitment to Funded Project
Due to insufficient grant funding, the church utilised a portion of its accumulated restricted building funds to support grant-funded projects within its community initiatives, categorising the expenditure under the ministry.
| Amount | Cumulative | |
|---|---|---|
| Direct Charitable Expenditure on Direct Charitable Objectives | ||
| Allowances - HighwayHouse | 91,532.49 | 91,532.49 |
| Community Humanitarian Care and Homeless Programme - Grant Funded and by HOH |
||
| Homeless Project | ||
| HomelessProject- Accommodation | 55,672.32 | |
| Homeless Project - Expenditure Re Expenses | 13,335.21 | |
| Homeless Project - Feedingand Food Vouchers | 3,139.88 | |
| Homeless- Rented, Utilities and Other Households | 6,184.86 | |
| 78,332.27 | 169,864.76 | |
| Day Care Centre | ||
| DayCare Centre - WeeklyFood FeedingProgramme | 53,639.94 | |
| DayCare Participants' Care: Clothingand Shoe Support | 3,689.00 | |
| Cash Disbursement on FamilyFood Support | 5,051.04 | |
| Utilities - Water,Gas,and Electricity | 2,277.67 | |
| 64,657.65 | 234,522.41 | |
| Community Humanitarian Care | ||
| Participants Care: Washing and Bathing Support, including toiletries and hygiene |
2,000.00 | |
| Communityand FamilySupport | 4,094.90 | |
| Community Meal and Feeding | 3,692.80 | |
| Local Committee Support and Feeding | 6,261.66 | |
| Local Community Youth Project | 2,042.80 | |
| SupplementarySaturdaySchool - PrimarySchool Children | 100.00 | |
| Cash Disbursement on FamilyFood Support | 580.00 | |
| Community- Transportation and Travel Expenses | 355.00 | |
| 19,127.16 | 253,649.57 | |
| HOH- Humanitarian Funded- Not Grant Supported | ||
| UK Charities | 1,400.00 | 255,049.57 |
| KLM – Education, Clothing and OtherSupportfor KLM |
30
Accounts prepared and certified by: PMCT Chartered and Certified Accountants
HIGHWAY OF HOLINESS
Statement of Financial Activities for the Year Ended 31 October 2025
| Amount | Cumulative | |
|---|---|---|
| KLM -Ghana | 14,380.07 | |
| KLM-Pakistan | 3,845.58 | |
| KLM-South Sudan | 964.91 | |
| 19,190.56 | 274,240.13 | |
| Foreign Humanitarian and Other Support via Missions | ||
| Mission - India | 2,715.91 | |
| Mission-Pakistan | 2,026.14 | |
| 4,742.05 | ||
| Total Humanitarian Project Cost | 278,982.18 | |
| Grant funded | 188,185.38 | |
| Funded by Highway of Holiness members' contributions and from reserves |
90,796.80 |
31
Accounts prepared and certified by: PMCT Chartered and Certified Accountants