I LIGHTHOUSE LONDON CHURCH Annual Re ort A LOOK BACK ATTHE LAST YEAR ## **A note from our Lead Pastor 03 Gatherin 04 g** Worship **Belonging and Discipleship 05** Lighthouse Kids (4-10) | Lighthouse Youth (11-18) | Torch Light Groups | Team | Way of Spirit Life **Healin and Pra er 09 g y** Tuesday Gold | Bethel Sozo **Partnerin 10 g** Spiritual Partners | Holy Trinity Primary School Lighthouse London Community Trust | Spear Camden | XLP ## **A note from our Lead Pastor** ‘The Kingdom of God is always advancing’. We love this truth at Lighthouse London, and I love to see this spiritual reality in the life of our church family. 2024 was a year of renewed momentum and for Sue and me a very different autumn; taking a sabbatical – part holiday rest, and part taking Spirit Life Foundations on the road! To name some highlights: - Sundays saw awakened passion in our church worship life - Mid-week Light Groups growing - Spirit Life Central - 40 plus came together to participate in Spirit Life Foundations – with the first viewing of the new digital film resource - Deeply Rooted – autumn Wednesdays - pressing into the presence of the Living God, with powerful times of encounter - Global Awakening associate speakers – Mike Van’T Hull, Kim Maas, Rodney Hogue - amazing times; the women’s evening with Kim brought 150 plus women for a message of life and prayer ministry running on until 10.30pm! - 90 plus go on HTB Focus retreat/holiday together – times of sharing and enjoying being Lighthouse among many sister churches - Way of Spirit Life Website launched in October - sharing the programme in the USA – visiting our dear Global friends the Martini’s, and speaking at their New Life City Church in Albuquerque, in Montreal at St Jacque’s with our first curate Graham Singh, Celine and their family, and precious ministry with Pastor Anthony and Tanya Langston at Tapestry Church, Jersey City. - Camden Spear continued to bring new hope and equipping for working life to dozens of young people – a heartfelt thanks to Anna Bowker as she stepped down after 5 amazing years on the team and the last 3 years leading the centre - Praise the Lord! 2025 is powerfully underway. A word from the Lord as we began was, these are ‘uncertain, certain’ times, and we are seeing this on the ground politically. But Jesus stays constant, our One Saviour with his sure and certain hope - and we thank him for stirring so many to seek his goodness in this time - as we write we are preparing to launch a second Sunday gathering. Love and Blessings, Andy and Sue 3 **Gathering** Worship 2024 was a wonderful year for the Lighthouse worship team with lots to celebrate and reflect on. We started out as we meant to go on with a series of one-off worship nights with friends such as Chapel Co coming in to lead us. One of these worship nights was held on Good Friday and the reverence of God was so ° clearly felt in the room as we worshipped the lamb who takes away the sin of the world. The Autumn months provided a beautiful time for the church to get deeper in their faith as we introduced ‘Deeply Rooted’. This wasn’t just a sermon series but a pattern of life for the church as we committed to times of fasting, prayer walking in our communities and weekly gatherings to worship and cry out to God. These were beautiful moments of centring ourselves around Jesus in the middle of our weeks and collectively building a house where He is exalted and loves to dwell. It was business as usual around the Christmas period (except for the addition of Krispy Kreme donuts) as the team once again enjoyed a full season of joy, expectancy and wonder! The Carol Service was a particular highlight as we played our reimagined versions of all the classics to a heaving and joyous congregation. The team have been seemingly inundated with new recruits this year including a BBC Symphony Orchestra violinist, a recording artist/producer, a Royal Academy of Music recruit and lots more, all to complement the returning familiar faces. As ever, if musical worship is a passion of yours, please don’t hesitate to contact Murray or Alex to get involved! 4 ## **Belonging and Discipleship** ## Lighthouse Kids (Ages 4-10) We are thriving; the average weekly attendance doubled in 2024! Trish, our Sozo Pastor, had a word for the Kids’ ministry that it would be a year of presence, prayer and purpose, with fresh ideas, kingdom values and hearts of worship from all ages. We’ve been learning about the life of Jesus, the Holy Spirit, compassion, respect, significance and faith by learning from the bible characters: Ruth, Joseph and David. We re-started live worship which we’ll continue to develop. We took 10 kids to Focus, they enjoyed the Pyjama party, making new friends, the worship, crafts and inflatables! Our Light Party, in its 4th year, continued to bring light and hope, attracting many families from the local area. We had games, crafts, a bouncy castle and silent disco! Everyone heard a simple message about how Jesus is always with them. As we approached Christmas, we shared a Thanksgiving family lunch and supported Operation Christmas Child by filling 7 shoe boxes! Throughout Advent, the children enjoyed practising their readings and dances for the nativity play. The angels dazzled; the shepherds rocked! Everyone gave a fantastic performance! The Creche café continued to have a live stream for parents to watch the service. Lighthouse Little Ones, our weekly baby group began two years ago, continues to grow with the vision to build relationships with the community. 5 ## Lighthouse Youth (Ages 11-18) We give thanks to God for a year full of fun, finding friends & growing in faith for Lighthouse Youth. In addition to our Sunday ‘studio’ sessions in the upper room, 2024 highlights include: Wednesday hotdog hangouts in summer & autumn with some special guests from YWAM and other ministries, Friday evenings at Youth East; where we gather with lots of other youth groups for epic games, youth-led worship, message and ministry. It was precious to have time away together at both Tracks Camp during the Easter break and Focus Youth over Summer, giving lots of opportunity for our youth to encounter the living God. We loved worshipping our socks off (or more accurately our shoes!) at The Send in Wembley Arena, which was a powerful time of unity and commissioning for this incredible rising generation of Believers. Many of our Youth continue to be amazing team members across Lighthouse - serving in Worship, AV and Kids Teams – also helping at some of our biggest events like the Trust Fundraiser & Light Party! We truly celebrate all of who they are in the Lighthouse family! ## Torch For Spear trainees on their ‘Year of Support’ and beyond, Torch provides a space to continue to grow friendships, confidence and share more about what this life has to offer outside of work. In 2024 we gathered fortnightly, often cooking together, playing games and having quality conversations; sharing our ‘Highs and Lows’, encouraging one another, often sharing a testimony or prayer need. Some particularly special times were a day out boating together and summer BBQ at Bethnal Green Spear Centre, also joined by Spear Islington. It’s great to see more Torch young people enjoying getting involved in other activities across Lighthouse like Spirit Life, the summer picnic and Black History celebration service. 6 ## Light Groups While we still need more leaders to start additional groups, our existing Light groups are thriving and some even ready to split to accommodate more people. Drew and Suzanna launched a new Light group in 2024, Murray and Beth took over leading a vibrant Light group of young adults which has grown lots under their leadership. We’re also exploring new opportunities, such as a football group and creating more spaces for men's and women's gatherings. Our goal is always to provide ways for people to connect and build meaningful lifelong friendships while also journeying together in deepening a rich faith. ## Team We couldn’t do ministry without our incredible group of volunteers. We are so blessed to have a committed team of people who generously give their time throughout the year in various roles — from the welcome team to worship, ministry, kids’ work, creative decorators, the Lighthouse trustees and many more! So many of you serve in a sacrificial and wholehearted way, and as a church, we are truly grateful. Whether it’s helping with set-up and take-down or supporting special events & services, your willingness to pitch in makes a huge difference. One of the most memorable moments in 2024 was our Black History Month service that was packed-out, where so many of you brought food and desserts. It was a joy-filled service with a beautiful celebration of multicultural cuisine, and your help in creating and clearing up after such a joyful gathering didn’t go unnoticed. Thank you all for your dedication and generosity! 7 ## Way of Spirit Life 2024 saw the completion of Stages 1 and 2 of the SLF programme on our WOSL website, with thanks to the team for their help with graphics and editing. 70 people signed up for Spirit Life Central in the church, starting in April, and we had encouraging feedback from both new and mature believers. The smaller A5 Stage 1 & 2, Stage 3 and Stage 4 & 5 workbooks were published alongside the larger A4 full manual, and will be a useful resource for churches using the series for their small groups. Sign ups to the programme via the website have been encouraging, and we look forward to seeing the programme being accessed worldwide in the future. 8 ## **Healing & Prayer** ## Tuesday Gold Our morning Tuesday Gold prayer continued online during 2024, with a steady group of committed folk praying for our Lighthouse London family along with our neighbourhood, our city and nation and the world. We prayed for healing for those in need of a touch from the Lord, and were grateful for positive testimonies received. From 2025 we will meet both online and in person at the church at 8am on Tuesdays, and hope to have more happy intercessors with a heart for prayer join. ## Bethel Sozo 2024 saw the team host 59 Sozo sessions with people coming from a number of churches across London and further afield. We have a small team, and are grateful for the time they give to this ministry. Iyanu Taiwo, one of our Sozo first chairs, moved out of London at the end of the year, and will be very much missed. We hosted an online Sozo training in September, both as a refresher for the team and for those who wanted to explore being part of the ministry, and are delighted to have a new team member on board as a result. We look forward to the continued growth of Bethel Sozo at Lighthouse London. 9 ## **Partnering** ## Spiritual Partners Lighthouse London have a number of precious spiritual partnerships. As an HTB network church we gather, share and support each other through the year - plus the annual Focus holiday event. Global Awakening brings spiritual friendships across the globe with Spiritfilled equippers and leaders plus mission opportunities. Lapis Lazuli - founded by members of Lighthouse to advance Kingdom life in Nigeria - continues to be a close partner. ## Holy Trinity Primary School The school received an Outstanding OFSTED report in all areas of the inspection framework - an immense achievement! Every week we’ve support the school’s spiritual growth by delivering lively and engaging assemblies to over 120 students, ranging between 4- 11 years old. The Headteacher and Jemima organised many services together for: Easter, Y6 Leaver’s, Harvest, and several Christmas nativities and a carol service, where parents attended. This year the school will celebrate its 150th Birthday! ## Lighthouse London Community Trust The Mission of Lighthouse London Community Trust is to enable Lighthouse London to live out its Christian faith, consistent with the mission of the Church of England through practical support of the surrounding community for public benefit. 10 ## Spear Camden In 2024: We supported 70 young people in 2024 across 6 programmes. We’ve engaged with multiple companies over the year, when visiting them as part of the programme, including – TJX, McDonalds, EQ Investors. Here are some more quotes from young people who have completed the programme: _“If I hadn't been challenged by my Spear Coaches, to be more expressive, I don't feel like I would have gotten that opportunity. I'm thankful to them for challenging me and helping me.”_ _“Before Spear I was very very shy. Very scared of everything. I would leave my house, and people would try to speak to me, and I would be so scared. But Spear has helped me, by forcing me out of my comfort zone… Now I've made so many new friends and so many people I'm proud to call my team.”_ ## XLP XLP continue to support some of the most vulnerable young people across Camden borough with Youth Worker Rosie Conroy and her team of volunteers working in schools, pupil referral units and in the community to deliver all kinds of projects, youth clubs, group and one to one sessions and residential camps. Mid 2024 was a significant marker for XLP North Mentoring with Mentoring Manager, Roberta Fontaine concluding 3 years of pioneering the programme here - which in total saw an amazing 54 young people supported through year-long mentoring relationships. One young person said _“It’s like have the best parts of a friend your age and the best parts of an adult in your life!”_ and another commented _“It’s made me feel like things are possible.”_ A number of young people who were not engaged in school were able to reintegrate, 80% of participants staying in education. We give thanks for all these young lives, and the dedicated workers and volunteers devoted to seeing transformation in our community one child, one family at a time. 11 Our vision is to be God’s light to the city and the nations. Being led by the Spirit of God, our calling is to be a beacon of light for NW London and beyond; revealing the full gospel of Jesus' love and power to heal and transform. ## **Address** Holy Trinity Church Finchley Road London NW3 5HT ## **Tel** 020 7435 0083 ## **Website** www.lighthouselondon.org @lighthouselndn @lighthouselondonchurch Search 'lighthouse london' **==> picture [49 x 49] intentionally omitted <==** **==> picture [44 x 6] intentionally omitted <==** **----- Start of picture text -----**
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**==> picture [49 x 57] intentionally omitted <==** Charity number: 1133908 HOLY TRINITY SWISS COTTAGE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Gsfd&co Griffin S"IcTe Moscrop & Co 100 YEARS Docuslgn EnvglopÉ ID.. BD60E59B-Q8D7-422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE CONTENTS Page Reference and administrative details of tho Charity, lis PCC Members and advisars Trustees, report Truste8s' responsibilities statement Independent examlner's report 9-10 statement of financlal actlvltles Balanc8 sheet 12 Statement of cash flows 13 Notes to the financlal statements 14-34 Griffin Stone MDscrop & Co (Fil￿￿￿￿￿￿(c￿4[lNTSÈ*i.fj￿1ERE￿Al￿￿t Docuslgn Envelope ID.. BD60E59B.96D7.422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COThAGE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS PCC MEMBERS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 PCC Members Rev. Andy Keighley, Chairman, Senior Leader (Ex-officiol Rev Christopher St6wart, {Ex￿fficI0> Emmanuel Obafemi Bajomo, Church warden Siji Adesemowo, Church warden Elias Costalas, Deanery Synod Rapresentstive Andrew Layion, Deanery Synod Representative Mohyin Costalas Oluwatoyin Taiwo Dr Minabelema Bajomo steven Ss8runkuma, ffr8asur8r from 12 May 2024) Anil Khera Carrie Longton Michael Sookias Michelle Dunn Katherine Joy Renna Ivy Wanjiku Dakouri Philip Chitty, (Treasurer until 12 May 2024} {resigned 12 May 2024) Bronwyn Melissa Boumendil (resigned 12 May 2024) Charity registerèd number 1133908 Principal offlce Holy Trintty Church Finchley Road London NW3 5HT Accountants Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit street London WC1N 3GS Chief Operations Officer Catherine Crawley Page 1 Griffin Stone Moscrop &Co CHARTQIEDk£cO￿N￿Ts&R￿ThFDAUDITORS Docuslgn Envelope ID.. BD60E59B-96D7-422C-A742-F7364C3EEAF3 HOLY TRINITY swiss corrAGE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The PCC members present their annual report (as found on pages preceding the financial statements cover page) together with the audited financial statements of the church Holy Trinity Swiss Cottage (known as Lighthouse London Church) for the year from 1 January 2024 to 31 December 2024. The PCC members confirm that the annual report and financial statements of the church Comply with the current statutory requirements, the C,hllrch Represenlation Rules and the provisions of the Statement of Recommended Practice {SORPI, applicable lo charities preparing their accounts in accordanc8 with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland IFRS102} issued in October 201S. The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Swiss Cottage, Hampsl8ad (the PCC) has the responsibility of cooperating with the Incumbent, the Reverend Andrew Keighley, in promoting in the ecolesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. As well as the maintaining the Church building. Objectives and actlvltles a. Policies and objectlves PCC members are kept informed on matters affecting the parish, including h8alth and safety, and child protection. A Health and Safety Policy is in place and is kept under review. The PCC co-operate5 With the Dioce88 in its Safeguarding Policy and regular DBS disclosures are made. In setting objectives and planning for adivities, the Trustees have given due consideration to general guidance published by th8 Charity Commission relating to public ben8fit, including the guidance 'Public benefit., running a charity {PB2)'. Sp@cific objectives for th8 y88r were.. To continue increasing the number of opportunities for people to wcrship at and engage with Lighthouse London Church. This was achieved through the addition of a midweek seNice during autumn of 2024. To provide training for healing and prophetic prayer. Training was offered to members of the congregation in 2024. To apply for planning permission for the Lighthouse Development Project. Planning permission was not applied for during 2024, however, further work has taken place on the Lighthouse Development Project with an aim to apply for planning permission in 2025. To develop a website to distribute th9 Way of Spirit Lif6 cours8 (renamed from School of Spirit Lifel course. The Way of Spirit Lrfe w8bsite was launched and the first modu18 of the Way of Sprit Life course made available. b. Voluntoars Volunteer5 are involved in all aspects of the work that we do and play a crucial role in achieving our objectives. This includes participating in gtsv6rnance, youth WDrk, children's work, hospitality and welcome, prayer and healing ministries, music and worship, Sozo, fundraising for the lighthouse development project, work on the project itself, building maintenance and bible study. Over the course of the year 108 people were actively involved in volunteering. c. Safeguardlng The PCC has complied with the duty under seclion 5 of the Safeguarding and Clergy Discipline Mgasur8 2018 (duty to have regard to Heuse of Bishops, guidance on safeguarding children and vulnerable adults). Paoe 2 Grlffin Stone M05crop & Co CHA￿￿K￿u￿rArM￿pE￿5[E￿EDPu0 Docusign Envelope ID.. BD60E59B.9eD7422C-A742-F1364C3EEAF3 HOLY TRINITY SWISS COTTAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performanc8 a. Fabrlc Report 2024 Lighthouse London has experienced another very busy year hosting many events and activities including , our Sunday morning gatherings, where w& continue to see an increasa in attendance and new people joining us, Healing S8rvices, Spirit Life Cenlral sessions, Worship Team nights, Light Group meetings, Sozo, activitie5 and evenls for the children and youth, Lighthouse Little Ones and special events that bring the church family together to enjoy food, games, entertainm8nt, Karaok8 and worship. Th& Spear cours6 and team continue to use the building and hav8 held graduation Cel&bration Evenings, the Annual Fundraiser and Torch meetings. The XLP Staff Team meet regularly in the building. Holy Trinity School continues to hold assemblies and used the building for their Christmas programme and other events, There have been several changes to the building over the last twelve months including, the wires along the front wall in the worship space were boxed in and LED strip up-lights were installed on top, a concertina sliding gate was installed at the top of the front steps, a new exlractor fan was installed in the kitchen and lh8 fridg8 door had to be re-hung due to wear and tear to the hinges. In July, one side of the glass double doors at the side of the building was shattered, It was boarded up and we had to use Ihe front door to enter and leave the building. In August, a new glass door was installed. Not long afte￿ards, the door closer floor spring on the other side door fai18d and was r8placed. The Quinquennial Inspection was carried out in July. Annual maintenance, inspection and tesling, repair, replacement and Up￿atIng of fittings and equipment and other routine and general cleaning, maintenance and repairjobs were ccmpleted throughout the year. Page 3 Griffln Stone Moscrop & Co CHAnT￿DI￿COuNTANTS&AEGlslE￿A￿NTc Docusign Envelope ID.. BD60E59B-9fjD7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achi8vem8nts and p8rformanc8 {continu8d) b. Camden Deanery Synod Report 2024 Camden Deanery Synod has met four times in 2024. All meetings were in person and commenced with refreshments at 7pm. Full details of business transacted in each meeting can be found in the Minutes, please see a brief oveNiaw of thg keynote presentations balow. The Standlng Commlttee conslsts of.. The Standing Committee consists of the Area Dean (Carol Barrett Ford}, Lay Chair (Michael Royalton- Kisch), Secretary (Harmen van den Hondel), Treasurer (Angela Gardner). Additionally the elected members of the standlng Committee are: Clergy: Michael Thomas (St Michael's, Camden Town}, Jamie Haith (St George's, Holbornl. Laity.. Dorothy Connell from St.George's Bloomsbury. The tolal Stsnding Committee thus consists of 3 clergy and 4 laity, preserving the convention of the laity outnumbering th8 clergy 7pm for 7.30pm Monday 29 January 2024 St Michael's Church, Camden 7pm for 7.30pm Wednesday 22 May 2024, Summer Social, The Vicarage, St John-at-Hampstead 7pm for 7.30pm Monday 18 September 2024, St John-at-Hampstead 7pm for 7.30pm Wednesday 16 October 2024, St Mary Magdalene Munst&r Square laddition81 meeting with Bishop Anderson present) As the keynote speaker was not able to attend the meeting on 18 September due to a diary error Ih8re was an attempt to reschedule the me8ting for Wednesday 6 November at the same location. How8v8r, this was later canc8118d due to illness. Monday 29 January 2024 St Mlchael's Church, Camden Keynot8 pr8s&ntation.'Archdeacon John Hawkins on th6 future of Sl Mary'8 Church, Eversholl Slre8t Archdeacon John Hawkins led a detailed discussion around the siEuation al St Mary's, going back lo 2021, starting with minor repair works on th8 vicarage. This led lo a mor8 detailed investigation of the outside works of the church, which had to clos6 for 3 months from Sept8mber 2021 for saf6ty reasons. Weclnesday 22 May 2024, Summer Soclal, The Wcarage, St John-at-Hampstead Summer drinks party A number of clergy and laity gathered at the vicarage to cel@brat8 our common life. Th8r8 was much discussion of life in Camden and the challenges and joys this brings. Issues around austerity continue to be a concern for both clergy and laity, and concerns fcr the coming autumn and winter, especialEy amongst those who are living in poverty or precariously housed. Monday 18 September 2024, St John-at-Hampstead Keynot@ presentation. Add Up with Preb Amatu Christian Iwuagwu (due to a diary error the speaker was not able to attend) Wednesday 16 October 2024, St Mary Alagdalene Munster Square {addition81 meeting with Bishop Anderson present) Bishop Anderson reflected on his visits to the parish8s in his episcopal area during his first months as Bishop of Edmonlon. There was di8cussion of the issues that are most pressing on this Deanery, especially in the areas of buildings {Camden 19), austerity, homelessness and social isolation. Mlhr Carol Barrett Ford Area Dean February 2025 Page 4 Griffin Stone Moscrop & Co C14PMEEDACc(￿N￿4N￿&￿EGtsTE￿E0ALKYr0PS Docuslgn Envelope ID.. 8D60E59￿96D7422C-A742.F73￿4C3EEAF3 HOLY TRINITY SWISS COTTAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financlal revlew . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequats resources to continue in cperational existenc8 fDr th8 for888@abl6 future. For this reason, they continue to adopt the going concern basis in preparing th& financial statements. Further details regarding the adoption of the golng concern basis can be found in Ihe accounling policies, b. R8sèrves pollcy The PCC has a cash rese￿& of £200,000 for 2025 with £50k frea c8sh (1.5 months 8xpenditurel and the r68t held in fixed term deposits of varying durations (£175,000 cash reserve in 2024). Unrestricted funds at the end of 2024 not included in the cash reseNe have been budgeted to cover a projected in-year deficit in 2025. The reserves policy is to have a minimum of 1.5 months exp8nditur8 (£50k), but with a target of 6 months 8xpenditure {£250k) in reserves. c. Principal rlsks and uncertalntles A Risk Register has been compiled that records 811 the identified major risks to which HTSC is exposed. This is lo be reviewed annually, and systems and procedur6s established or adjusted to h81p minimiBe these risks. The main risk is a lack cf sufficient funding to cover expenditure, During 2023 the resetves were increased lo mitigate this risk, and a focus Dn fundraising took place in 2024 resulling in a £7.4k in year deficit instead of th expected £70k deficit, how6ver, the risk persists and therefore further measures are being taken with a focus on increasing regular giving during 2025 including giving month and more frequent requests for funding. Th8 oth8r main risk 18 fraud. Tc mitigat8 against this risk financial duties hav& been segregated and employees have been issued with spending limits, with expenditure reviewed regularly against their budgets. Changes to the Lighthouse Development Project also presents 8 risk which requires consultation with donors and car8ful financial planning to ensure that the development project continues to meet the original aims of the restricted fund and is viabl8. d. Church attendance and electoral roll The eleotoral roll for 2024 was 164 (2023 - 136). A copy of the Electoral Ro51 is available for inspection at the APCM meeting. P8rsonnel'. in 2024 there was no tumov8r of staff. Total donations made to the church by members ofthe PCC was £75,084 (2023 - £584,635}, e. Financial Stat8m8nts Copies of thé full 2024 Financial Statements are available on request from the church office. Page 5 Griffln Stone Moscrop & Co CklAR[￿{ED￿wlNTWS&TrEGts1L1E)AuDmPs Docuslgn Envelope ID.. BD60E5gB-96D7-422C-A742.F7364C3EEAF3 HOLY TRINITY swiss corrAGE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 f. Flnanclals In 2024 HTSC'8 total inccme (excluding income associated with Project Lighthouse and other restricted income) was £565,938 {2023 - £809,234). This decrease is due to one off donations to increase the church's rés8N8S raceived in 2023. Total expenditure for the year (again 8xcluding Proj8ct Lighthouse and other restricted expenditure> was £571,523 (2023 - £564,882). Our contribution towards the Common Fund of the Church of England was £115,350 (2023 £92,575). This contribution is towards the cost of the clergy in the London Diocese, training and central costs. Upkeep of the vicarage is now being done through HTSC. HTSC aims to continue to a full contribution towards th8 Common Funcl year on year. As part of th8 Lighthous8 Proj8Ct the vicarage will be transferred from Trinity Lodge Trust and the church to the diocese. As part of our wider mission we made granls totalling É6,922 (2023 - £13,713). This excludes our in kind support of Lighthouse London Communty Trust (Camden Spear). The sum 8xpended on general building and maintenance was £48,422 (2023 £42,210} with overheads and administration costs incurred by the general fund amounting to £179,702 (2023 £175,026}. The balance of unrestricted general funds at the year-end was £274,17212023- £279,757). Restricted funds Proi'ecl Lighthouse - the sum expended on Project Lighthouse during the year was £206,420 (2023- £89,055>, This was against conlribulions received of £93,675 (2023 - £442,998). Restricted lunds Way of Spirit Life- the sum expended was £79 against contributions received of £1,458. struGture, govemance and management a. Constltutlon Holy Trinity Swiss Cottag8 is a registered charity, number 1133908, and is is a body corporate {PCC Powers Measure 1956, and the Church Representstion Rules 2022). b. Methods of appointment or 818Ction of Trustees The management of th8 Charity is the responsibility of the Truste8s who are elected and ctropted under the temis of the Church Representation Rules 2022. Page 6 Griffin Stone Moscrop & Co CHART￿lE0￿cX)i￿AmfS1￿sTThEpAuDfftPs Docuslgn Envelopè ID., BD6oEsg￿6D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for future perlods Curr8nl plans for 2025 includ8'. To continue increasing the number of opportunities for people to worship at and engage with Lighthouse London Church including introducing a second servicg on a Sunday. To enhanc8 th8 healing and proph8tic pray8r provision To apply for planning permission for the Lighthouse Development Project To further develop the website for distributing the Way of Spirit Life course Continuing to provide.. o Worship and prayer: learning about the Gospel, and developing their knowledge and trust in Jesus-, o Provision of pasloral care for people living in the parish,, and o Mission and outreach work. Approved by ord8r of th8 members of th8 board of Trust88s on 15 April 2025 and signed on their behalf by.. R8v. Aniiy Kéighlèy Ch8irm8n Page 7 Griffin Stone Moscrop & Co CHARTEREDKC￿NTA￿TS&TrEc￿STERE￿￿￿ITO￿5 Dg¢usign Envelope ID.. BD60E59W96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsibl& for preparing the Trustees, report and the financial stat8m8nls in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial 3tetements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and 6XP8nditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently., observe the melhods and principles of the Charities SORP (FRS 102). make judgments and 8ccounting estimates that are reasonable and prudent; stat8 whether applicable UK Accounting Standards {FRS 102) have been followed, subjecl lo any material departures disclosed ancl explained in the financial statements. prepara the financial statsments on the going ccncern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate a￿OUntIng records that are sufficient to show and explain the Charity's transactions and disclose with reasonab16 accuracy at any time the financial position of the Charity and enabl@ them to ensur8 that the financial stalsm8nts compty wth the Charitl8s Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed, They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and d8t8Ction of fraud and other irregularities. Approved by order of the members of the board of Trusl8es on 15 April 2025 and signed on its behalf by-. Rev. Andy F(elghley Chairman Page 8 Griff in Stone Moscrop & Co L￿ER￿)￿L￿w￿Nt5L￿EGLsT￿￿AuD￿Rs Docu3lgn Envelope ID= BD60E59wg8D7422C-A742-F73e4C3EEAF3 HOLY TRINITY SWISS COTTAGE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examlner's report to the Trustees of Holy Trlnlty Swlss Cottage ('the Charlty, I report to the charity Trust88s on my examination of th8 accounts Df the Charity for the year ended 31 December 2024. Responslblllties and basis of report As the Trustees of the Charity you arè r8sponsibl8 for th8 prapsration of th& accounts in accordance with tha requirements of th8 Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the Charitvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, Independent 8xamin8r's stat8ment Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in S8Ction 145 of the 2011 Act. I confirm that l am qualified to undertake the examinatlDn because l am a member of ICAEW, which is one of the listed bodies. Your attenlion is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Chan'ties,. Statement of Recommended Practice applicable to charities preparing their accounts in accordan¢8 with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charities= Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance wtth the Generally A¢￿pted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me Cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,, or th6 accounts do not accord with those records., or the accounts do nol comply with the applicable requirements concerning the form and conlenl of accounts set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concerns and hav8 come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. Page 9 Grfffln Stone Moscrop & Co t14IATw.D*ttOLM￿&RESTrED￿UD Docusign Envelope ID.. BD8DE59&96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE INDEPENDENT EXAMINER'S REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 This report is made $018ly to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitls Truste8S those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do nol accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report, Signed,, Robert Smith Dated.. 15 April 2025 FCA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit street London WC1 N 3GS Page10 Griffin Stone Moscrop & Co cHPAt￿l￿￿{X)i￿￿r￿t5®￿TER[D￿UD1Tc￿5 Docusign Envelope ID.. BD60E59B-96D7422C-A742-F1364C3EEAF3 HOLY TRINITY SWISS COTTAGE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unre8lrlcted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donalions and legacies Charitable activities Investments other income 518,212 31,783 13,689 2,254 71,991 590,203 31,783 36,829 2,254 1,213,979 29,954 17,999 {2,077) 23.140 Total income 565,938 95,131 661,069 1,259,855 Expenditure on: Charitable activities 571,523 206.499 778,022 661,815 Total expendlture 571,523 206,499 778,022 661,815 Net movement In funds 16,585 (111.3681 {116,953) 598,040 Reconciliation of funds: Total funds brought forward Net movement in funds 279,757 15,585} 551.550 (111,3681 831,307 (116,953} 233,267 598,040 Total funds carried forward 274,172 440.182 714,354 831,307 The Statement of financial activities includes all gains and losses recognised in the year. Th8 nol&s on pages 14 to 34 fom part ofthese financial statements. Page11 Griffin Stone Moscrop & Co al6￿E￿Acc￿NTA￿r5K￿QSTE￿DAULYT￿ Docuslgn Envelope ID.. BD6DE59B-96D7-422C-A742-F73edc3EEAF3 HOLY TRINITY SWISS COTTAGE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed assets Tangible assets 13 11,611 21.912 11,511 21,912 Current assets Debtors Cash at bank and in hand 14 20,930 728,975 34,718 805,430 749,90S 840,148 Creditors.. amounts falling due within one y8ar 15 {47,062) (30,753) Net current ass8ts 702,843 809,395 Total assets less current Ilabillties 714,354 831,307 Total net assets 714,354 831,307 Charity funds Restricted funds Unrestricted funds 17 17 440,182 274,172 551,550 279,757 Total funds 714,354 831,307 The financial statements were approved and authorised for issue by the Trustees on 15 April 2025 and signed on th8ir b8half by.. Rev. Andy Kelghley Chairman The notes on pages 14 to 34 fomi part of these financial statements, Page 12 Grlffln Stone Moscrop & Co CH#RTw.DILCMT￿Nn&PE.6￿TE￿DAu￿TIIls Docusign Envelope ID.. BD60E59B-96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operaling actlvltles Net cash used in opgraling activities (74,3041 517,949 Cash flows from Investlng actlvltles Proceeds from the sal8 of tangible fixed assets Purchase of tangik)le fixed ass&ts 230 (2,381 } (22,576) Net cash used in investing actlvltles (2,151) (22,576) Cash flows from financing activities Net cash provlded by flnanclng actlvltles Chang8 in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 176,455) 805,430 495,373 310,057 Cash and cash equtvalents at the end of the year 728,975 805,430 The notes on pages 14 to 34 fom part of these financial statements Page13 Griffin Stone Moscrop & Co Docuslgn Envalopa ID: BD60E59B-96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COThAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information Holy Trinity Swiss Cottage is a Charity registered in England. Its registered offic8 addr8ss is Holy Trinity Church, Finchley Road, London, NW3 5HT. Accountlng pollcies 2.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with tha Charities SORP IFRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191, th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to giv8 a 'tru8 and faiV vi8w and hav8 departed from the Charities (Accounts and Reports) Regulations 2008 only to th8 8xt8nt required to provide a 'true and fairf view, This departure has involved following the Charities SORP (FRS 102) published in Octob8r 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since b88n withdrawn. Holy Trinity Swiss Cottage m89ts the d8finition of a public benefil entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction valu& unl8ss othemise stated in the relevant accounting policy. 2.2 Fund accounting General funds are unrestricted funds which are available for use at the discrelion of the Trustees in furtherance of th8 genaral objectives of the Charity and which have not been d88ignatgd for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the noles to the financial statements. R8stricted funds are funds which are to be us8d in 8ccordance with specrfic r8Strictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of r£ising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial stalements. Investment income, gains and108ses are allocated to th& appropriate fund. 2.3 Going concern Th& financial stat8m8nts have be8n prepared on the going concern basis. Th8re are no material un￿rtaIntieS related to events or conditions that may cast significanl doubt Charitls ability lo continue as a going concem. Page 14 Grlffln Stone Moscrop & Co cHA￿EREDI￿rItl￿TS&t￿G1sTll.R￿AWlT Docusign Envelo￿ ID.. BD60E69￿96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountSng policies (continuodl 2A Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured rellably. Grants are includad in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where incom8 is received in advance of entitlem8nt of rec8lPt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Donated seNices or facilities ar8 recognised when the church has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the church of the item is probable and that economic benefit can be m8asured reliably. In accordanc6 with the Charitie8 SORP (FRS 102), the g8neral volunte8r tim8 of the members of the church is not recognised bLrt please refer to the PCC members, report for more information about their contribution. On receipt, donated professional services and facilities are reccgnised on the basis cf the value of the gift lo the Charity which is the amount it would have been willing to pay lo obtsin services or facillcies of equivalent 8conomic benefit on the open mark8t', a corr8sponding amount is then recognis8d in expenditure in the period of receipt. Income tax recoverable in relation to donation5 received und8r Gift Aid or d88ds of covenant is recognised at the tim& of the donation. other income is recognised in th8 period in which it is receivable. 2.5 Expenditure Exp8nditure is recognised once there is a legal or constructive obligatlDn to transfer economic benefit to a third party, rt is probable that a transfer of econcmic benefi'ts will be required in setllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are mad8 up of the total of direct costs and shared costs, including 8UPPOrt costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are nol attributable to a single activity are apportioned bebNeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditur& on charitable actiV5ties is incurred on directly undertaking the activities which further the CharitVs objectives, as well as any associaled support costs. Grants payab18 ar8 charged in the year when the offer 15 made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end ar8 noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT, Page 15 Grfffln Stone Moscrop & Co C14pJillJi&pccoLNTANTS®ts'IEgF.DhULYTORS Docuslgn Envelope ID.. BD6OE59B-96D7-422C-A742-F7384C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles IcontÉnu8d) 2.6 Consecrated and beneficed property and moveable church furnishings Consecrate and benefice property of any kind is excluded from the financial statements by section 10(2)(c) of the Charities Act 2011, Moveable church furnishing held by the vicar and churchwardens on special Irust for thg PCC, and which require 8 faculty for disposal, ar8 account8d as inalienable property unless cons8crated. For such inalienable property there is insufficient cost information available and therefore such assets are not valued in the financial statements. All exp@nditur8 incU￿ed during the year on consecrated or benefice building or on repair or r8plac&ment of church furnishings is expensed within the Statement of Financial Activities. 2.7 Tanglble flxed assets and d8preciation Tangible fixed assets are initially recognised at cost. After recognition, under th8 Cost model, tangible fixed assets are m8asured at cosl less accumulated d8preciation 8nd any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible f ixed assels less their residual value over their estimsted useful lives, using the straight-line method. Depreciatic>n is provided on th8 following bases.. Fixtures and fittings Office equipment Comput8r equipment Other fixed assets 4 y8ars straight line 4 years straight line 4 years straight line 4 years straight line 2.8 Operating leases Rentals paid under operating leas&s are charged to the Statement of financial aclivities on a strdight line basis over the lease term. 2.9 Interest recelvable Interest on funds held on deposit is included when re￿1vable and the amount can be measured reliably by the Charity,, this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.10 Debtors Tr8de and oth8r debtors are recognised at the settlement amount after any trade discount offered, Prepayments are valued at the amount prepaid net cf any trade discounls due. Page 16 Grlffin Stone Moscrop & Co cHIRT￿DAccQw￿￿t5&RWr*￿AuOMBS Docusign Envelope ID.. BD60E59B-98D7-422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Icontinuad) 2.11 Cash at bank and In hand Cash at bank and in hand include5 cash and short.term highly liquid investments with a short maturity of three months cr less from the date of acquisition cr opening of the deposit or similar account. 2.12 Liabiliti•s and provisions Liabilities are recognised when th8re is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities ar8 recognised at th8 amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments forthe goods or sewi￿8 It must provide. Provisions are m8asur8d at the best estimate of th8 amounts required to settle the obligation. Where the effect of th8 time value of money is material, the provision is based on the present value ofthose amounts, discounted at the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discaunt is recognised in th8 Stat8ment of fin8ncial activities as a finsnce ccst. 2.13 Financlal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial Instruments are initially recognised at transaction value and subsequently measured at their sett18ment value with the exception ()f bank loans which are subsequently measured at amortised cost using Ihe effective interest method, 2.14 Pensions The Charity operales a defined contributions pension scheme and the pension charg8 r6pres6nts the amounts payable by the church to the fund in respect ofthe year. Page 17 Griffin Stone Moscrop & Co CHtsJ[tEREDKCOW￿A￿5®￿T￿cD￿Dm Docuslgn Envelope ID.. BDfjOE59B-96D7-422CA742.F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and slmllar Income Unrestricted Restricted funds funds 2024 2024 Toial funds 2024 Donations and collections {including Gift Aid) Grants other collections and donations 268,356 78,233 173,623 7Q,741 337,097 78,233 174,873 1,250 Total 2024 518,212 71,991 590,203 Unrestrict6d funds 2023 Restricted funds 2023 Total funds 2023 Donations and collections (including Gift Aid) Grants Olher collections and dcnalions 356,982 313,626 104,922 32,549 389,531 313,628 510,822 405,900 Total 2023 775,530 438,449 1,213,979 Page 18 Grfffin Stone Moscrop & Co CHA￿ED￿coL￿rwts8PEG￿7'￿f￿AvE¥7URs Docusign Envelope ID.. BD60E59B-96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from church actlvltles Unrestricted funds 2024 Total funds 2024 Income from church activities 31,783 31,783 Total 2024 31,783 31,783 Unrestricted funds 2023 Total funds 2023 Income from church activities 29,954 29,954 Total 2023 29.954 29,954 Investment Income Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Interest 13,689 23,140 36,829 Total 2024 13,689 23,140 36,829 Unrestricted funds 2023 Restrict6d funds 2023 Total funds 2023 Interest 5,827 12,172 17,999 Total 2023 5,827 12,172 17,999 Page 19 Griffin Stone Moscrop & Co CHORTEaiED¥CQUNThNT5&1EGETfFE.DAUt*TIX45 Docuslgn Envelope ID: BD60E59B.96D7-422CA742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Other Incomlng resources Unr8Stricted funds 2024 Total funds 2024 Sale of assets Insurance recoveries 230 2,024 230 2,024 2,254 2,254 Unrestricted fund8 2023 Total funds 2023 Sale of assets (2,077) (2,0771 Analysis of grants Grants to Grants to Institutions Individuals 2024 2024 Total funds 2024 Youth - XLP Missions, Charities and Dalt Education Project 1,565 6,922 1,565 7,046 124 Total 2024 8,487 124 8.611 Grants to Institutions 2023 Total funds 2023 Youth - XLP Missions, Charities and Dalt Educ8tion Project 10,000 13,713 10,000 13,713 Total 2023 23,713 23,713 Page 20 Grlffin Stone Moscrop & Co CH￿ED￿x0JNTANT5￿REfjSTEPEDAu￿To￿S Docusign Envelope ID.. BD6OE59B-96DT-422C-A742-F7384C3EEAF3 HOLY TRINITY swiss corrAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of grants Icontinuedl The Charity has made Ihé following material grants to institutions during th8 y8ar.' 2024 2023 Name of Institutlon Fusion Global Awakening (HTSC Vision Caster) Youth for Christ St Brendans Church Individuals YWAM Donation to Ben Richards Doorstep Youth - XLP Missions, Charities and Dalt Education Project Open Doors Widfire Ministries Don8ticn Alpha International for Ukraine Agape Freedom Fighters Camden Food Bank Aiyoung Funeral other granls to institutions 300 1,200 255 3,000 1,516 600 3DO 2,392 300 3,000 1,950 600 665 10,000 180 655 180 390 396 591 396 2,202 1,079 53 8,487 23,713 Page 21 GrifFin Stone Moscrop & Co Q.MTE￿."DA£(￿NttsN[5&AEG1sT￿￿￿AUlaToR5 Docuslgn Envelope ID.. 8D60E59BQ6D7.422C-A742-FT364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditur8 on charitable activities Summary by fund type Unrestricted Restricted funds funds 2024 2024 Total 2024 Diocesan parish sharé Ministry costs Building and Maintenan￿ costs Overheads and administration (incl. Governance) Lighthouse Project costs 115,350 245,694 48,422 162,057 115,350 245,768 48,422 178,194 190,288 74 16,137 190,288 Total 2024 571,523 206,499 778,022 Unrestricted funds 2Q23 Restricted funds 2023 Total 2023 Diocesan pari8h share Ministry costs Building and maintenance c08ts Overheads and administration {incl. Gov8rnance} Lighthouse Project costs 92,575 255,071 42,210 175,026 92,575 262,949 42,210 19Q,413 73,668 7,878 15,387 73,668 Total 2023 564,882 98,933 881,815 Page 22 Grlffln Stone Moscrop & Co c￿RTE￿.D￿CCl￿T￿NT5&RE0G1ÈWAU[*TI Docusigri Envelope ID.. BD80E59B-96D7.422G-A742-F7364C3EEAF3 HOLY TRINITY swiss corrAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expanditure by activities Activiti88 undertaken directly 2024 Grant funding of activities 2024 Support costs 2024 Total funds 2024 Diocesan parish share Ministry Costs Building and maintenance costs Overheads and administration (inel. Governance) Lighlhouse Project costs 115,350 244,203 48,422 115,360 245,768 48,422 1,565 7,046 171,148 178,194 190,288 190,288 Total 2024 598,2e3 8,611 171,148 778,022 Aclivilies undertsken directly 2023 Grant funding of activities 2023 Support costs 2023 Total funds 2023 Diocasan parish share Ministry costs Building and maintenance costs Overheads and administration {incl. Govern8nc8) Lighthouse Project costs 92,575 252,949 42,210 92,575 262,949 42,210 10,000 13,713 176,700 190,413 73,668 73,668 Total 2023 481,402 23,713 176,700 661,815 Page 23 Grlffin Stone Moscrop & Co I￿A￿￿1￿0U￿￿A￿￿R￿￿T￿4EDAuD￿￿s Docuslgn Envelope ID.. BD60E59B-gsD7422C.A742-F7364G3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by actlvltles {contlnued> Analysis of dlrect costs Total funds 2024 Total funds 2023 staff costs Depreciation Services and Events Worship Ministry Exp8nditure Children and Youth Li9hthouse London Community Trust Healing & Sozo Rates Repairs and Maintenance IT and Equipment Hire Kitchen and Cleaning Lighthouse Consultancy Diocese Fund 173,464 11,363 12,673 6,406 25,749 4.476 10,000 73 19,216 26,142 413 2,651 190,288 115,350 171,324 21,800 10,201 7,384 26,163 3,800 10,000 2,277 20,897 17,067 1,087 3,159 73,868 92,575 598,263 461,402 Page 24 Griffin Stone Moscrop & Co cH￿TERED￿C￿l￿[oN[s￿￿EGlsT&EDMUThTO￿s Docu8lgn Envelope lQ- BD60E598.98D7-422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analys1$ of expenditur8 by activities {continued) Analysls of support costs Total funds 2024 Total funds 2023 staff costs Publicity ancl literature Bank and credit card charges Conferences and training Vehicle expenses, travel and subsistence Office supplies Telephone, internet and webslte Rent Professional f88S Mi8cellaneous expenses Audit & Accountancy 109,294 1,650 2.072 2,571 768 966 112,796 1,008 1,786 2,911 2,937 847 10,567 35,750 1,012 1,106 6,000 9,392 36,685 1,043 2,387 4,320 171,148 176,700 10. Indep8ndent 6xaminer's remuneratlon 2024 2023 Fees payable to the Charity's independent examiner for the ind8pendent examination (2023- auditor for the audit) of th8 Charitls annual accounts Fees payable to the Charity's independent examinor in respact of: Other serVI￿S 2,930 4,800 1,390 1,200 Page 25 Griffin Stone Moscro &Co cHARTER￿j1￿UMFA￿&REC1sTERED￿[rO Docuslgn Envelope ID,, BD60E59&96D7422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Staff costs 2024 2023 Wages and salaries Social security costs Conlribution to defined contribution pension schemes 252,668 18,468 11,622 254,306 18,894 11,120 282,758 284,120 The average number of persons employed by the Charity during the yearwas as follows: 2024 No. 2023 No. Ministry Buildings and maintenance Administration The number of employees whose employee benefits (excludin9 employer pension costs} exceeded £60,000 was.. 2024 No. 2023 No. In the band £60,001- £70,QOO Key management personnel have been defined by the church as being the Worship Pastor, Chiaf Operations Officer, Youth Pastor, and Treasurer. In December 2023 the Chief Operations Officer r8du¢@d their hours from full time to part time hours. During the year, paid members of the key management personnel received a total of £123,321 (2023 - £141,954). 12. Tru5tees' remuneration and expenses During thè year, no Trustees received any remuneration or oth8r benefits (2023 - £NIL). During the year ended 31 December 2024, no Trustee expenses have been incurred (2023- £NIL), Page 26 Griff in Stone Moscrop &Co CtrL4UtfitDKwNrhNT5&5EfJs￿￿￿)AU[IT Docu81gn Envelope ID: B060E59B.96D7-422C-A742-Fn64C3EEAF3 HOLY TRINITY SWISS COThAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Tangible flxed assets Flxtures and flttings Office aquipment Computer Other fixed equipment assets Total Cost or valuation At 1 January 2024 Additions Disposals 29,342 3,952 962 (460) 31.081 112,478 1,419 118,456) 176,853 2.381 {21,256 (1,664) {676) At 31 D8cember 2024 27,678 4,454 30,405 95,441 157,978 Depreciation At 1 January 2024 Charge for the year On disposals 28,798 273 {1,664} 2,977 828 1460) 27,424 2,256 (676) 95,744 9,425 118,456) 154,941 12,782 121,2561 At 31 D6C6mber 2024 27,405 3,345 29,004 86,713 146,467 Net book value At 31 December 2024 273 1,109 1,401 8,728 11,511 At 31 December 2023 546 975 3,657 16,734 21,912 14. Dobtors 2024 2023 Due within one year Trade debtors othèr débtors Prepayments and accrued income Tax reccverable 3,043 15,300 14,882 1,493 6,772 8,662 5,496 20,930 34,718 Page 27 Griffin Stone Moscrop & Co 044K[EREDACC(U4TtsN￿$REG￿TB￿D￿uEAT DOc￿SIgn Envelopè ID.. BD60EsgB-96D7-422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Credltors.. Amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals 40,821 1,964 4,277 18,679 3,797 8,271 47,062 30,753 16. Financial instruments 2024 2023 Flnanclal assets Financial assets measured at fair value through income and expenditure 728,975 805,430 Financial assets measured at fair value through income and expenditure comprise of cash at bank and in hand. Page 28 Griffin Stone Moscrop & Co cH￿￿ERED￿£c0uNT/￿NTSlPEGIsTEREDAL￿￿[CIES Docuslgn Env6lope ID.. BD60E59B.96D7422C-A742-F7384C3EFAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balanc8 at 1 January 2024 Income Expenditure Unrestricted funds Designated funds Hardship Fund 6,856 (1,565 6,291 General funds General Fund 272,901 565,938 {569,958) 268,881 Total Unrestricted funds 279,757 565,938 {57I,523) 274,172 Restrlcted f unds Lighthou8e Project Way of Spirit Lrf8 $51,550 93,675 1,456 {206,4201 (79) 438,805 1,377 651,550 95,131 1206,499) 440,182 Total of funds 831,307 661,069 1778,0221 714,354 Page 29 Griffln Stone Moscrop & Co CFl4￿pAcC(￿4TlN￿ITrEGGTEpEDA￿￿FIKs Docusign Envelope ID.. BD60E59B-96D7-422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COThAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7. Statement of funds (continued) Statemenl of funds - prior year Balance at 31 December 2023 Balance at 1 January 2Q23 Income Expenditura Unrestrlcted funds Designated filnds Hardship Fund 1,721 7,930 {2,795) 8,856 General funds General Fund 33,684 801,304 (562,0871 272,901 Total Unrestrlcted funds 35,405 809,234 (564,8821 279,757 Re5triGted funds Lighthouse Project SOSL Filming 197,609 253 442,996 7,625 189,055) (7,878) 551,550 197,862 450,621 196,933) 551,550 Total of funds 233,267 1,259,855 (661,815) 831,307 Page 30 Griff"in Stone Moscrop & Co ThAMTJ.1￿￿cOUmfAM￿&￿5r￿lEDAUDt Docuslgn Envelope ID: BD8OE59B-98D7-422CA742.F7384C3EFAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17. Stat&m8nl of funds (contlnuedl Responding to the local need, the church continued to maintain the designated hardship fund, Income for this fund is via d&signaled gifts from th& church congregation and it is to be us6d to support specific needs mainly family emergencies. Funds will be disseminated at the request of senior clergy. In 2024 no further designated funds were received. Funds continuted to be spenl as desigated in 2024. The funds will remain designed for use in 2025. The funds of the PCC include restricted funds comprisino the balances of donations and grants to be applied for specific purposes, as follows.. Lighthouse Project The Lighthouse Project was planned to be a development of a new landmark six-storey Christian centre on the existing sile of HTSC. During 2022, du8 to the significant increase in cost of the proposed project the PCC concluded that it was not going to be viable given the funding g8p. Instead, a sm811er project is planned which will either be an extensive refurbishment cf the existing building with an extension or a much sma118r new build. The vi810n for the revised projecl remains th8 sam8, jusl on a small8r scale. Donors are continuting to be consulted on the updated proposals and the church is transitioning from the original Lighthouse Project (Lighthouse 1,01 lo the revised project (Lighthouse 2.01. Way of Spirit Life In 2024 School of Spirit Life was rebranded as Way of Sprit Llfe and funds specifically to support the promotion and d8V81opment of th8 Way of Spirit Life course were r@ceiv8d creating a new restrict8d fund. SOSL Filming During 2022 a project began lo film content for the School of Spirt Life course to enable it to be delivered by small groups and other church8s in addition to the cUr￿nt liv8 delivery. Funding was received specifically for this projecl and is therefore restricted. Filming was completed in 2023, therefore there is no carryforward as all funds have been spent. 18. Analysis of net assets be￿een funds Analysis of net assets between funds - current period Unrestrictad Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within cne year 11,511 274,000 (11,339) 11,511 749,905 {47,062) 475,9D5 (35,723) Total 274,172 440,182 714,354 Page 31 Griffin Stone Moscrop & Co cFL￿TENEDACC{iJ￿TAN￿lFLsSTEfi￿TrAltIT(￿S Docuslgn Envelope ID: BD60E59B.96D7-422Cth742-F7364C3EEAF3 HOLY TRINITY SWISS COThAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Analysls of net assets between funds (continued) Analysls of net assets between funds - prlor period Unrestricted funds 2023 Restricted funds 2023 Tot81 funds 2023 Tangibl8 fixed assèts Current assets Creditors due within one year 21,912 280,867 {22,8221 21,912 840,148 130,7531 559,481 (7,931} Total 279,757 551,550 831,307 19. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net incomelexpenditure for the period (as per Statement of Financi81 Adivities) (116,9531 598,040 Adjustments for: Depreciation charges Lossl{profil) on the sale of fixed assets (Increase) I decre8se in debtors Increase l {decrease) in creditors 12,782 12301 13,788 16,309 21,800 <28,353) {80,802) Net cash provlded byl(used In) op8rating activitles {74,304) 512,685 20. Analysis of cash and cash oquivalents 2024 2023 C8sh in hand 728,975 8Q5,430 Totsl cash and cash equlvalents 728,975 805,430 Page 32 Griffin Stone Moscrap & Co CHmATEREDA￿LN[ONfssREG￿TEKEDAutxTcMls Docu81gn Envelope ID.. BD60E59B.98D7.422C-A742-F73S4C3EEAF3 HOLY TRINITY SWISS COThAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 21. Analysls of changes in net debt At31 December 2024 January 2024 Cash flows Cash at bank and in hand 805,430 (76,455 728,975 805,430 {76,455) 728,975 22. Capital commitments 2023 Contracted for but not provided in those financial statements 23. Pension commitments The church has a defined Gontribution pension arrangement for its employees. The assets of the scheme are held separately from those of the church in an independently administered fund. Th& pension cost charge represents conlributions payable by thg church in respect of the year and amount6d to £11,622 (2023 - £11,120). At the balance sheet there was an amount still lo be collected bythe pension company of £1,964 {2023 - £1,800), representing the aggregate of both employer's and employees, contributions uncollecled by that date {on8 month's pension). Operating lease commltments At 31 Decemb8r 2024 the Charity had commitmenl8 to make future minimum lease payments undèr non- cancellable operating leases as follows: 2024 2023 Not later than 1 yèar 5,700 5,700 The following lease payments have been recognis6d as an expense in the Slatem8nt of financial activities.. 2024 2023 Operating lease rentals 34,200 34,200 Page 33 Grlffln Stone Moscrop &Co (m6RTEREDA£m￿NTAN￿&PE￿s1uIEDAUDITo Dowslgn Envelope ID: BD60E59B-98D7-422C-A742-F7364C3EEAF3 HOLY TRINITY SWISS COTTAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 25. Related party transactions At the balants sheet date, tha church held £491,998 (2023 - £560,597), on behalf of Trinity Lodge Trust