## **TRUSTEES ANNUAL REPORT FOR THE PERIOD 01/05/22 – 30/04/23** ||**SECTION A**|**SECTION A**|**SECTION A**| |---|---|---|---| |**Charity Name**
**Charity Registered**
**No**
**Charity’s Principal**
**Address**
**Postcode**
**Names of Charity**
**Trustees**|||| ||The Hightower Church||| ||||| ||1166922||| ||||| ||2-4 Powerscroft Road
Sidcup
London||| ||DA14 5DT||| ||||| ||1|Mrs Patricia Oyeogbe|| ||2|Mr Okwudili Nweze|| ||3|Mr Henry Godwin|| ||4|Pastor Ed Eze|| ||5|Mrs Chinelo Eze|| ## **SECTION B** **Description of the Charity’s Trusts** |**Type of governing**
**document**

**How the charity is**
**constituted**

**Trustee selection**
**process**|Constitution| |---|---| ||| ||Charitable Incorporated Organisation (CIO)| ||| ||Appointment by existing Trustees| ## **SECTION C** ## **Objectives** First, the advancement of the Christian faith in the United Kingdom and abroad, and particularly in the London area by such means as the trustees may consider appropriate including (but not by way of limitation) the worship of God; the preaching and proclamation of the Christian Gospel; the teaching of Christian doctrine and principles; the instruction, edification and pastoral care of Christian people; the preparation and training of Christians for Christian ministry and service; the organisation of inter-denominational evangelistic meetings and thereby encouraging unity amongst Christian churches in the proclamation of the Christian Gospel. Secondly, the relief of persons who are in conditions of need, hardship or distress or who are aged, sick or disabled. . |**Summary of the**
**main activities**
**undertaken for the**
**public benefit in**
**relation to the**
**objects:**|The trustees have considered the guidance produced by the Charity Commission on the
provision of public benefit and they confirm that public benefit has been provided by:

Providing regular Christian worship services open to all (both online and in-
person).

Proclaiming the Christian gospel and promoting Christian values.

Providing sacred place for prayer and meditation.

Providing a forum for weekly online prayer meetings where people can connect
and pray together.

Organising specialised, interactive group meetings and bible-based teachings,
mentoring for married couples, teenagers, young adults and children .

Providing a forum in which people can celebrate many special events in their lives
e.g baby births, wedding anniversaries, birthdays, celebration of the lives of the
deceased.

Carrying out pastoral work including visiting/supporting the lonely, sick, elderly
and the bereaved within our church community.

Providing spiritual, moral and emotional support to church members and local
people.

Running a foodbank to support the needy in our community.

Providing grants in support of the needy.

Providing financial support to students .

Providing support to other charities.| |---|---| ## **SECTION D** ## **Achievements and Performance** In line with the charity’s objectives, our activities included the provision and maintenance of a place for the worship of God; consistent teaching of the principles of the Christian faith; provision of pastoral care; training of christians for victorious daily living, ministry and service; provision of spiritual nurture; care and support for the members and those that used our services; support for the needy through the charity’s food bank. The following activities took place during this reporting period: - Consistently organised weekly worship services, prayer meetings, bible teachings for the spiritual maturity of the members and visitors who participated in our meetings. - Organised various meetings and activities targeted at children’s spiritual and mental development. - Hosted a global praise and worship icon (Bob Fitts) in a praise event tagged ‘An evening of Worship with Bob Fitts’. Lasting two days, Bob led the congregants in soul-lifting and life-transforming praise and worship; stirring up faith, hope and joy in the hearts of all attendees. Our worship team also had the rare opportunity of being mentored directly by Bob during a mentorship session that took place the night before the event. - Had a family-focused picnic in the summer. It was an opportunity to unwind, relax and enjoy the gift of life. Through this event, relationship bonds were strengthened both within families and in the church at large. - Organised an event for couples tagged ‘Mr & Mrs’. This meeting helped couples to develop relational skills required to deal with every day marriage problems. During the event, couples engaged in various fun activities. They learnt how to communicate their needs to their spouse. They also learnt how to understand and meet the needs of their marriage partners. - Funded the charity’s food bank, ensured there was consistent food supply for the needy and those that relied on the charity for food support. - Organised a discipleship training programme titled ‘Crew Conference’, a programme designed to teach volunteers key principles of Christian service, discipleship & leadership. - Organised couples seminar to inspire victorious & Christ-centred living in our homes. - Organised an arts and creative event tagged ‘Coffee, Care and Craft’. It was an event open to the public to come together for some creative fun. All materials were provided free of charge and participants were asked to keep all their artwork. Free tea and coffee, snacks, drinks and fruits were made available at the event. - Good Friday was a special night as we had ‘Good Friday Movie Night’. We invited church members & local residents into the church to watch a thought-provoking & lifetransforming Christian movie. Free popcorn and drinks were provided to all guests during the event. - Supported families/couples through effective counselling and unbiased support with dispute resolution in line with christian doctrine. - Helped alleviate mental and emotional stress by engaging members with meetings that connect them to hope and God. - Awarded cash grants to support struggling families and individuals. ## **SECTION E** **Signed on Behalf of Charity’s Trustees** **Signature Full name Mrs Chinelo Eze Position Secretary Date 25/02/24** Charity number: 1166922 ## THE HIGHTOWER CHURCH Report of the Trustees and Unaudited Financial Statements For the year ended 30 April 2023 THE HIGHTOWER CHURCH Contents Page For the year ended 30 April 2023 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 11| |Detailed Statement of Financial Activities|12 to 13| ## THE HIGHTOWER CHURCH Report of the Trustees For the year ended 30 April 2023 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 April 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). Please see the Trustee Annual Report on Appendix One. ## **OBJECTIVES AND ACTIVITIES** The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **FINANCIAL REVIEW** ## **Going concern** The Trustees considers that, there are no material uncertainties about the Church's ability to continue as a going concern for the next 12 months. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** |**Name** **of** **Charity**|THE HIGHTOWER CHURCH| |---|---| |**Charity** **registration** **number**|1166922| |**Principal** **address**|2-4 Powerscroft Road| ||Sidcup| ||DA14 5DT| ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ||Mr Henry Godwin| |---|---| ||Mrs CHINELO EZE| ||Okwudili Nweze| ||Patricia Oyeogbe| ||Pastor ED EZE| |**Independent** **examiner**|Emmanuel Mensah FMAAT| ||Ground Floor West Office 10| ||Nicholas House, River Front| ||Enfield| ||EN1 3TF| Approved by the Board of Trustees and signed on its behalf by ............................................................................. Pastor ED EZE Trustee 1 of 13 ## THE HIGHTOWER CHURCH Independent Examiners Report to the Trustees For the year ended 30 April 2023 I report to the trustees on my examination of the accounts of the charity for the year ended 30 April 2023. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Emmanuel Mensah FMAAT Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF Date: 28/02/2023 2 of 13 ## THE HIGHTOWER CHURCH Statement of Financial Activities For the year ended 30 April 2023 ||**Notes**|**Unrestricted**|**Restricted**|**2023**|**2022**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income** **and** **endowments** **from:**|||||| |Donations and legacies|2|950|-|950|5,480| |Charitable activities|3|101,808|-|101,808|79,575| |Investments|4|14|-|14|37| |Other income|5|8,935|-|8,935|2,794| |**Total**||**111,707**|**-**|**111,707**|**87,886**| |**Expenditure** **on:**|||||| |Charitable activities|6/7|(106,815)|-|(106,815)|(103,282)| |Other expenditure||(2,345)|-|(2,345)|(1,187)| |**Total**||**(109,160)**|**-**|**(109,160)**|**(104,469)**| |Net gains/(losses) on investments||199|-|199|-| |**Other** **recognised** **gains/losses**|||||| |**Net** **movement** **in** **funds**||**2,746**|**-**|**2,746**|**(16,583)**| |**Reconciliation** **of** **funds**|||||| |Total funds brought forward||24,153|910|25,063|41,646| |**Total** **funds** **carried** **forward**||**26,899**|**910**|**27,809**|**25,063**| 3 of 13 ## THE HIGHTOWER CHURCH Statement of Financial Position As at 30 April 2023 |**Fixed** **assets**
**Notes**
Tangible assets
12
**Current** **assets**
Debtors
13
Cash at bank and in hand
**Creditors:** **amounts** **falling** **due** **within** **one** **year**
14
**Net** **current** **assets**
**Total** **assets** **less** **current** **liabilities**
**Net** **assets**
**The** **funds** **of** **the** **charity**
Restricted income funds
15
Unrestricted income funds
15
**Total** **funds**|**2023**
**£**
16,039
**16,039**
10,000
2,790
**12,790**
(1,020)
**11,770**
**27,809**
**27,809**
910
26,899
**27,809**|**2022**
**£**
18,090| |---|---|---| |||**18,090**| |||10,000
(2,034)| |||**7,966**| |||(993)
**6,973**| |||**25,063**| |||**25,063**| |||910
24,153| |||**25,063**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Pastor ED EZE Trustee 4 of 13 THE HIGHTOWER CHURCH Notes to the Financial Statements For the year ended 30 April 2023 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. THE HIGHTOWER CHURCH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** The Trustees considers that, there are no material uncertainties about the Church's ability to continue as a going concern for the next 12 months. ## **2. Income from donations and legacies** |**Unrestricted** **funds**
Donations received
**ncome** **from** **charitable** **activities**
**Unrestricted** **funds**
_The_ _Prevention_ _or_ _Relief_ _of_
_Poverty_ _&_ _Religious_ _Activities_
Offering
Tithes
Gift Aid
Special Offerings (First Fruits)
_Activity_ _2_
Event Booking/Ticket Sales|**2023**
**£**
950
**950**
**2023**
**£**
20,280
56,518
21,712
2,390
**100,900**
908
**101,808**|**2022**
**£**
5,480| |---|---|---| |||**5,480**| |||**2022**
**£**
14,098
49,005
16,472
-| |||**79,575**
-| |||**79,575**| ## **3. Income from charitable activities** 5 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **4. Investment income** |**Unrestricted** **funds**
Bank interest receivable
**ther** **income**
**Unrestricted** **funds**
Other income
Other Income (Sale, Events & Refunds)
**osts** **of** **charitable** **activities** **by** **fund** **type**
**Unrestricted** **funds**
The Prevention or Relief of
Poverty & Religious Activities
Support costs|**2023**
**£**
14
**14**
**2023**
**£**
4,000
4,935
**8,935**
**2023**
**£**
96,954
9,861
**106,815**|**2022**
**£**
37| |---|---|---| |||**37**| |||**2022**
**£**
1,400
1,394| |||**2,794**| |||**2022**
**£**
95,269
8,013| |||**103,282**| ## **5. Other income** ## **6. Costs of charitable activities by fund type** ## **7. Costs of charitable activities by activity type** ||**Activities**|**Grant**|**Support**|**2023**|**2022**| |---|---|---|---|---|---| ||**undertaken**|**funding** **of**|**costs**||| ||**directly**|**activities**|||| ||**£**|**£**|**£**|**£**|**£**| |**Support** **costs**|||||| |The Prevention or Relief of|96,464|490|9,861|106,815|103,282| |Poverty & Religious Activities|||||| 6 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **8. Analysis of support costs** |**The** **Prevention** **or** **Relief** **of** **Poverty** **&** **Religious** **Activities**
Management
Governance costs
**9. Net** **income/(expenditure)** **for** **the** **year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Reversal of impairment
Independent Examiner's fees
**10. Particulars** **of** **employees**
There were no employees during the year.|**2023**
**£**
2,051
7,810
**9,861**
**2023**
**£**
2,051
199
1,020
**2023**
0
**0**|**2022**
**£**
547
7,466| |---|---|---| |||**8,013**| |||**2022**
**£**
2,051
-
993
**2022**
0
**0**| ## **11. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activities are for unrestricted funds. 7 of 13 THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **12. Tangible fixed assets** |**Cost** **or** **valuation**
At 01 May 2022
At 30 April 2023
**Depreciation**
At 01 May 2022
Charge for year
At 30 April 2023
**Net** **book** **values**
At 30 April 2023
At 30 April 2022|**Plant** **and**
**machinery**
**£**
5,471
**5,471**
912
547
**1,459**
**4,012**
**4,559**|**Computer**
**equipment**
**£**
15,035
**15,035**
1,504
1,504
**3,008**
**12,027**
**13,531**|**Total**
**£**
20,506| |---|---|---|---| ||||**20,506**| ||||2,416
2,051| ||||**4,467**| ||||**16,039**| ||||**18,090**| **13. Debtors** |**Amounts** **due** **after** **more** **than** **one** **year:**
Other debtors
**14.** **Creditors:** **amounts** **falling** **due** **within** **one** **year**
Accruals and deferred income
**15.** **Movement** **in** **funds**
**Unrestricted** **Funds**
_General_
General Funds|**Balance** **at**
**01/05/2022**
**£**
24,153
**24,153**|**Incoming**
**resources**
**£**
111,707
**111,707**|**2023**
**£**
10,000
**10,000**
**2023**
**£**
1,020
**1,020**
**Outgoing**
**resources**
**£**
(109,160)
**(109,160)**|**2022**
**£**
10,000| |---|---|---|---|---| |||||**10,000**| |||||**2022**
**£**
993| |||||**993**| |||||**Balance** **at**
**30/04/2023**
**£**
26,700| |||||**26,700**| 8 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **Unrestricted Funds - Previous year** |_General_
General Funds|**Balance** **at**
**01/05/2021**
**£**
40,736
**40,736**|**Incoming**
**resources**
**£**
87,886
**87,886**|**Outgoing**
**resources**
**£**
(104,469)
**(104,469)**|**Balance** **at**
**30/04/2022**
**£**
24,153| |---|---|---|---|---| |||||**24,153**| ## **Purpose of unrestricted Funds** ## General Funds These are funds to be used at the discretion of the Trustees, but within the objects of the Church |**Restricted** **Funds**
Restricted Funds
**Restricted** **Funds** **-** **Previous** **year**
Restricted Funds
**Purpose** **of** **restricted** **funds**|**Balance** **at**
**01/05/2022**
**£**
910
**910**
**Balance** **at**
**01/05/2021**
**£**
910
**910**|**Balance** **at**
**30/04/2023**
**£**
910| |---|---|---| |||**910**| |||**Balance** **at**
**30/04/2022**
**£**
910| |||**910**| |||| ## Restricted Funds These are Funds that are restricted to specific purposes of the Church. 9 of 13 THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **16. Analysis of net assets between funds** |**Unrestricted** **funds**
_General_
General Funds
**Previous** **year**
**Unrestricted** **funds**
_General_
General Funds|**Tangible**
**Net** **current**
**Net** **Assets**
**fixed** **assets**
**assets** **/**
**£**
**(liabilities)**
**£**
**£**
18,090
6,973
25,063
**18,090**
**6,973**
**25,063**
16,039
11,770
27,809
**16,039**
**11,770**
**27,809**
**Tangible**
**fixed** **assets**
**Net** **current**
**assets** **/**
**(liabilities)**
**Net** **Assets**
**£**
**£**
**£**| |---|---| 10 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 |**INCOME** **AND** **ENDOWMENT**
**Donations** **and** **legacies**
Donations
**Charitable** **activities**
Offering
Tithes
Gift Aid
Special Offerings - First Fruits
Event Booking/Ticket Sales
**Investments**
Bank interest receivable
**Other** **income**
Other income
Other Income (Sale & Event Refunds)
**Total** **incoming** **resources**
**EXPENDITURE**
**Charitable** **activities**
Rent - Church Building
Depreciation - owned assets
Equipment Purchases
Events
Ministers Retreats & Travel
Repairs & Maintenance
IT Costs (internet, website, domains etc)
Publicity Materials
Social Media Advertising
Donations - Paid
Occasional Gifts
Refreshments|**2023**
**£**
950
**950**
20,280
56,518
21,712
2,390
908
**101,808**
14
**14**
4,000
4,935
**8,935**
**111,707**
(60,000)
-
(947)
(3,943)
(906)
(556)
(1,134)
(1,732)
(327)
(250)
(577)
(911)|**2022**
**£**
5,480
**5,480**
14,098
49,005
16,472
-
-
**79,575**
37
**37**
1,400
1,394| |---|---|---| |||**2,794**| |||**87,886**
(60,000)
(1,504)
(249)
(4,078)
(897)
(1,121)
(1,187)
(1,408)
(438)
(1,414)
(178)
(891)| 11 of 13 ## THE HIGHTOWER CHURCH Detailed Statement of Financial Activities For the year ended 30 April 2023 |Annual Subscription (CCPAS)
Honorarium to Visiting Minister
Telephone, Broadband & Mobile
Stationeries, Printing & Consumables
Other Professional Fees
Volunteer Travel
Furniture Purchase
Member Care / Pandemic Palliatives
Volunteer Retreat/Training
Community Outreaches
Instrumentalists/Cover Worship Leaders
Items - Church Services & Use
Installations
Cost of grant funded charitable activity
**Other**
Loan Repayments & Adjustments
Bank charges
Other expenses
**SUPPORT** **COSTS**
**Management**
Depreciation - owned assets
**Governance** **costs**
Independent Examiners fees
Premises Costs (Other)
Other office costs
Other finance costs
**Total** **resources** **expended**
**NET** **INCOME** **BEFORE** **GAINS** **AND** **LOSSES**|(507)
(8,710)
(824)
(1,285)
(185)
(1,226)
(1,258)
-
(642)
(4,099)
(4,945)
-
(1,500)
(490)
**(96,954)**
(1,800)
(545)
-
**(2,345)**
(2,051)
**(2,051)**
(1,020)
(5,536)
(402)
(852)
**(7,810)**
**(109,160)**|(396)
(1,690)
(1,135)
(2,324)
(145)
(1,461)
(3,465)
(320)
(1,085)
(1,502)
(4,985)
(195)
-
(3,201)
**(95,269)**
(622)
(478)
(87)
**(1,187)**
(547)
**(547)**
(993)
(4,769)
(1,684)
(20)
**(7,466)**
**(104,469)**| |---|---|---| 12 of 13 This page does not form part of the statutory financial statements THE HIGHTOWER CHURCH Detailed Statement of Financial Activities Continued For the year ended 30 April 2023 |**Other** **costs:**
Other operational expenses
**et** **income** **before** **gains** **and** **losses**
**et** **Income**|199
**199**
**199**
**2,746**|-| |---|---|---| |||**-**| |||**-**| |||**(16,583)**| **Net income before gains and losses Net Income** 13 of 13 This page does not form part of the statutory financial statements Charity number: 1166922 ## THE HIGHTOWER CHURCH Report of the Trustees and Unaudited Financial Statements For the year ended 30 April 2023 THE HIGHTOWER CHURCH Contents Page For the year ended 30 April 2023 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 11| |Detailed Statement of Financial Activities|12 to 13| ## THE HIGHTOWER CHURCH Report of the Trustees For the year ended 30 April 2023 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 April 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). Please see the Trustee Annual Report on Appendix One. ## **OBJECTIVES AND ACTIVITIES** The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **FINANCIAL REVIEW** ## **Going concern** The Trustees considers that, there are no material uncertainties about the Church's ability to continue as a going concern for the next 12 months. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** |**Name** **of** **Charity**|THE HIGHTOWER CHURCH| |---|---| |**Charity** **registration** **number**|1166922| |**Principal** **address**|2-4 Powerscroft Road| ||Sidcup| ||DA14 5DT| ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ||Mr Henry Godwin| |---|---| ||Mrs CHINELO EZE| ||Okwudili Nweze| ||Patricia Oyeogbe| ||Pastor ED EZE| |**Independent** **examiner**|Emmanuel Mensah FMAAT| ||Ground Floor West Office 10| ||Nicholas House, River Front| ||Enfield| ||EN1 3TF| Approved by the Board of Trustees and signed on its behalf by ............................................................................. Pastor ED EZE Trustee 1 of 13 ## THE HIGHTOWER CHURCH Independent Examiners Report to the Trustees For the year ended 30 April 2023 I report to the trustees on my examination of the accounts of the charity for the year ended 30 April 2023. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Emmanuel Mensah FMAAT Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF Date: 28/02/2023 2 of 13 ## THE HIGHTOWER CHURCH Statement of Financial Activities For the year ended 30 April 2023 ||**Notes**|**Unrestricted**|**Restricted**|**2023**|**2022**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income** **and** **endowments** **from:**|||||| |Donations and legacies|2|950|-|950|5,480| |Charitable activities|3|101,808|-|101,808|79,575| |Investments|4|14|-|14|37| |Other income|5|8,935|-|8,935|2,794| |**Total**||**111,707**|**-**|**111,707**|**87,886**| |**Expenditure** **on:**|||||| |Charitable activities|6/7|(106,815)|-|(106,815)|(103,282)| |Other expenditure||(2,345)|-|(2,345)|(1,187)| |**Total**||**(109,160)**|**-**|**(109,160)**|**(104,469)**| |Net gains/(losses) on investments||199|-|199|-| |**Other** **recognised** **gains/losses**|||||| |**Net** **movement** **in** **funds**||**2,746**|**-**|**2,746**|**(16,583)**| |**Reconciliation** **of** **funds**|||||| |Total funds brought forward||24,153|910|25,063|41,646| |**Total** **funds** **carried** **forward**||**26,899**|**910**|**27,809**|**25,063**| 3 of 13 ## THE HIGHTOWER CHURCH Statement of Financial Position As at 30 April 2023 |**Fixed** **assets**
**Notes**
Tangible assets
12
**Current** **assets**
Debtors
13
Cash at bank and in hand
**Creditors:** **amounts** **falling** **due** **within** **one** **year**
14
**Net** **current** **assets**
**Total** **assets** **less** **current** **liabilities**
**Net** **assets**
**The** **funds** **of** **the** **charity**
Restricted income funds
15
Unrestricted income funds
15
**Total** **funds**|**2023**
**£**
16,039
**16,039**
10,000
2,790
**12,790**
(1,020)
**11,770**
**27,809**
**27,809**
910
26,899
**27,809**|**2022**
**£**
18,090| |---|---|---| |||**18,090**| |||10,000
(2,034)| |||**7,966**| |||(993)
**6,973**| |||**25,063**| |||**25,063**| |||910
24,153| |||**25,063**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Pastor ED EZE Trustee 4 of 13 THE HIGHTOWER CHURCH Notes to the Financial Statements For the year ended 30 April 2023 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. THE HIGHTOWER CHURCH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** The Trustees considers that, there are no material uncertainties about the Church's ability to continue as a going concern for the next 12 months. ## **2. Income from donations and legacies** |**Unrestricted** **funds**
Donations received
**ncome** **from** **charitable** **activities**
**Unrestricted** **funds**
_The_ _Prevention_ _or_ _Relief_ _of_
_Poverty_ _&_ _Religious_ _Activities_
Offering
Tithes
Gift Aid
Special Offerings (First Fruits)
_Activity_ _2_
Event Booking/Ticket Sales|**2023**
**£**
950
**950**
**2023**
**£**
20,280
56,518
21,712
2,390
**100,900**
908
**101,808**|**2022**
**£**
5,480| |---|---|---| |||**5,480**| |||**2022**
**£**
14,098
49,005
16,472
-| |||**79,575**
-| |||**79,575**| ## **3. Income from charitable activities** 5 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **4. Investment income** |**Unrestricted** **funds**
Bank interest receivable
**ther** **income**
**Unrestricted** **funds**
Other income
Other Income (Sale, Events & Refunds)
**osts** **of** **charitable** **activities** **by** **fund** **type**
**Unrestricted** **funds**
The Prevention or Relief of
Poverty & Religious Activities
Support costs|**2023**
**£**
14
**14**
**2023**
**£**
4,000
4,935
**8,935**
**2023**
**£**
96,954
9,861
**106,815**|**2022**
**£**
37| |---|---|---| |||**37**| |||**2022**
**£**
1,400
1,394| |||**2,794**| |||**2022**
**£**
95,269
8,013| |||**103,282**| ## **5. Other income** ## **6. Costs of charitable activities by fund type** ## **7. Costs of charitable activities by activity type** ||**Activities**|**Grant**|**Support**|**2023**|**2022**| |---|---|---|---|---|---| ||**undertaken**|**funding** **of**|**costs**||| ||**directly**|**activities**|||| ||**£**|**£**|**£**|**£**|**£**| |**Support** **costs**|||||| |The Prevention or Relief of|96,464|490|9,861|106,815|103,282| |Poverty & Religious Activities|||||| 6 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **8. Analysis of support costs** |**The** **Prevention** **or** **Relief** **of** **Poverty** **&** **Religious** **Activities**
Management
Governance costs
**9. Net** **income/(expenditure)** **for** **the** **year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Reversal of impairment
Independent Examiner's fees
**10. Particulars** **of** **employees**
There were no employees during the year.|**2023**
**£**
2,051
7,810
**9,861**
**2023**
**£**
2,051
199
1,020
**2023**
0
**0**|**2022**
**£**
547
7,466| |---|---|---| |||**8,013**| |||**2022**
**£**
2,051
-
993
**2022**
0
**0**| ## **11. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activities are for unrestricted funds. 7 of 13 THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **12. Tangible fixed assets** |**Cost** **or** **valuation**
At 01 May 2022
At 30 April 2023
**Depreciation**
At 01 May 2022
Charge for year
At 30 April 2023
**Net** **book** **values**
At 30 April 2023
At 30 April 2022|**Plant** **and**
**machinery**
**£**
5,471
**5,471**
912
547
**1,459**
**4,012**
**4,559**|**Computer**
**equipment**
**£**
15,035
**15,035**
1,504
1,504
**3,008**
**12,027**
**13,531**|**Total**
**£**
20,506| |---|---|---|---| ||||**20,506**| ||||2,416
2,051| ||||**4,467**| ||||**16,039**| ||||**18,090**| **13. Debtors** |**Amounts** **due** **after** **more** **than** **one** **year:**
Other debtors
**14.** **Creditors:** **amounts** **falling** **due** **within** **one** **year**
Accruals and deferred income
**15.** **Movement** **in** **funds**
**Unrestricted** **Funds**
_General_
General Funds|**Balance** **at**
**01/05/2022**
**£**
24,153
**24,153**|**Incoming**
**resources**
**£**
111,707
**111,707**|**2023**
**£**
10,000
**10,000**
**2023**
**£**
1,020
**1,020**
**Outgoing**
**resources**
**£**
(109,160)
**(109,160)**|**2022**
**£**
10,000| |---|---|---|---|---| |||||**10,000**| |||||**2022**
**£**
993| |||||**993**| |||||**Balance** **at**
**30/04/2023**
**£**
26,700| |||||**26,700**| 8 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **Unrestricted Funds - Previous year** |_General_
General Funds|**Balance** **at**
**01/05/2021**
**£**
40,736
**40,736**|**Incoming**
**resources**
**£**
87,886
**87,886**|**Outgoing**
**resources**
**£**
(104,469)
**(104,469)**|**Balance** **at**
**30/04/2022**
**£**
24,153| |---|---|---|---|---| |||||**24,153**| ## **Purpose of unrestricted Funds** ## General Funds These are funds to be used at the discretion of the Trustees, but within the objects of the Church |**Restricted** **Funds**
Restricted Funds
**Restricted** **Funds** **-** **Previous** **year**
Restricted Funds
**Purpose** **of** **restricted** **funds**|**Balance** **at**
**01/05/2022**
**£**
910
**910**
**Balance** **at**
**01/05/2021**
**£**
910
**910**|**Balance** **at**
**30/04/2023**
**£**
910| |---|---|---| |||**910**| |||**Balance** **at**
**30/04/2022**
**£**
910| |||**910**| |||| ## Restricted Funds These are Funds that are restricted to specific purposes of the Church. 9 of 13 THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 ## **16. Analysis of net assets between funds** |**Unrestricted** **funds**
_General_
General Funds
**Previous** **year**
**Unrestricted** **funds**
_General_
General Funds|**Tangible**
**Net** **current**
**Net** **Assets**
**fixed** **assets**
**assets** **/**
**£**
**(liabilities)**
**£**
**£**
18,090
6,973
25,063
**18,090**
**6,973**
**25,063**
16,039
11,770
27,809
**16,039**
**11,770**
**27,809**
**Tangible**
**fixed** **assets**
**Net** **current**
**assets** **/**
**(liabilities)**
**Net** **Assets**
**£**
**£**
**£**| |---|---| 10 of 13 ## THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2023 |**INCOME** **AND** **ENDOWMENT**
**Donations** **and** **legacies**
Donations
**Charitable** **activities**
Offering
Tithes
Gift Aid
Special Offerings - First Fruits
Event Booking/Ticket Sales
**Investments**
Bank interest receivable
**Other** **income**
Other income
Other Income (Sale & Event Refunds)
**Total** **incoming** **resources**
**EXPENDITURE**
**Charitable** **activities**
Rent - Church Building
Depreciation - owned assets
Equipment Purchases
Events
Ministers Retreats & Travel
Repairs & Maintenance
IT Costs (internet, website, domains etc)
Publicity Materials
Social Media Advertising
Donations - Paid
Occasional Gifts
Refreshments|**2023**
**£**
950
**950**
20,280
56,518
21,712
2,390
908
**101,808**
14
**14**
4,000
4,935
**8,935**
**111,707**
(60,000)
-
(947)
(3,943)
(906)
(556)
(1,134)
(1,732)
(327)
(250)
(577)
(911)|**2022**
**£**
5,480
**5,480**
14,098
49,005
16,472
-
-
**79,575**
37
**37**
1,400
1,394| |---|---|---| |||**2,794**| |||**87,886**
(60,000)
(1,504)
(249)
(4,078)
(897)
(1,121)
(1,187)
(1,408)
(438)
(1,414)
(178)
(891)| 11 of 13 ## THE HIGHTOWER CHURCH Detailed Statement of Financial Activities For the year ended 30 April 2023 |Annual Subscription (CCPAS)
Honorarium to Visiting Minister
Telephone, Broadband & Mobile
Stationeries, Printing & Consumables
Other Professional Fees
Volunteer Travel
Furniture Purchase
Member Care / Pandemic Palliatives
Volunteer Retreat/Training
Community Outreaches
Instrumentalists/Cover Worship Leaders
Items - Church Services & Use
Installations
Cost of grant funded charitable activity
**Other**
Loan Repayments & Adjustments
Bank charges
Other expenses
**SUPPORT** **COSTS**
**Management**
Depreciation - owned assets
**Governance** **costs**
Independent Examiners fees
Premises Costs (Other)
Other office costs
Other finance costs
**Total** **resources** **expended**
**NET** **INCOME** **BEFORE** **GAINS** **AND** **LOSSES**|(507)
(8,710)
(824)
(1,285)
(185)
(1,226)
(1,258)
-
(642)
(4,099)
(4,945)
-
(1,500)
(490)
**(96,954)**
(1,800)
(545)
-
**(2,345)**
(2,051)
**(2,051)**
(1,020)
(5,536)
(402)
(852)
**(7,810)**
**(109,160)**|(396)
(1,690)
(1,135)
(2,324)
(145)
(1,461)
(3,465)
(320)
(1,085)
(1,502)
(4,985)
(195)
-
(3,201)
**(95,269)**
(622)
(478)
(87)
**(1,187)**
(547)
**(547)**
(993)
(4,769)
(1,684)
(20)
**(7,466)**
**(104,469)**| |---|---|---| 12 of 13 This page does not form part of the statutory financial statements THE HIGHTOWER CHURCH Detailed Statement of Financial Activities Continued For the year ended 30 April 2023 |**Other** **costs:**
Other operational expenses
**et** **income** **before** **gains** **and** **losses**
**et** **Income**|199
**199**
**199**
**2,746**|-| |---|---|---| |||**-**| |||**-**| |||**(16,583)**| **Net income before gains and losses Net Income** 13 of 13 This page does not form part of the statutory financial statements