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← The Hightower Church

2024-04-30-accounts

TRUSTEES ANNUAL REPORT FOR THE PERIOD

01/05/23 – 30/04/24

SECTION A ~~|~~

Charity Name Charity Name The Hightower Church The Hightower Church
Charity Registered
No		 Charity Registered
No1166922
~~PO~~
Charity’s Principal Charity’s Principal 2-4 Powerscroft Road
Address Address Sidcup
Bexley, London
**Postcode ** DA14 5DT
Names of Charity’s
**Trustees **		 1 Mrs Patricia Oyeogbe
2 Mrs Chinelo Eze
3 Mr Henry Godwin
4 Mr Okwudili Nweze
5 Pastor Ed Eze

SECTION B ~~Ce~~

Description of the Charity’s Trusts

Type of Constitution Governing Document

How the Charity Charitable Incorporated Organisation (CIO) is Constituted ~~PE~~

Trustee Selection Appointment by Existing Trustees Process ~~a~~

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 The trustees have considered the guidance produced by the Undertaken for Charity Commission on the provision of public benefit and they the Public Benefit confirm that public benefit has been provided through the in Relation to the following activities: Objects : • Regular Sunday services and mid-week prayer meetings open to all (both online and in-person) continued to serve as a source of spiritual nourishment for our congregation • Bible study sessions and fellowship meetings were held to encourage deeper engagement with scripture • Provided sacred place for prayer and meditation • Organised various meetings and activities targeted at children’s spiritual and mental development • Held 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 • We organised a special youth event tagged “Youth Sunday”, where the young people in the community were given the opportunity to exhibit their creative talents. They also had the opportunity to ask questions and explore the Christian faith deeper. • 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 & life-transforming Christian movie. Free popcorn and drinks were provided to all guests during the event

SECTION D

Challenges and Mitigation Strategies

While the year was marked by notable achievements, the church encountered some challenges. Each of which has been or will be addressed as follows:

Instrumentalists

Finding a Suitable Charity to Sublet Part of the Church Building

SECTION E

Future Plans

Looking ahead, the Trustees are committed to ensuring the continued growth and impact of The Hightower Church by:

SECTION F ~~pd~~

Sign on Behalf of Charity’s Trustees

Signature(s)

Full name Mrs Chinelo Eze ~~PF~~ Position Secretary ~~|~~ Date 21/02/25 ~~PF~~

Charity number: 1166922

THE HIGHTOWER CHURCH

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 April 2024

THE HIGHTOWER CHURCH Contents Page For the year ended 30 April 2024

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 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 April 2024. 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

oe ............................................................................. Pastor ED Eze - Trustee

1 of 13

THE HIGHTOWER CHURCH Independent Examiners Report to the Trustees For the year ended 30 April 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 30 April 2024.

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: 21/02/2025

2 of 13

THE HIGHTOWER CHURCH Statement of Financial Activities For the year ended 30 April 2024

Notes Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 1,659 - 1,659 950
Charitable activities 3 93,176 - 93,176 101,808
Investments 4 13 - 13 14
Other income 5 4,940 - 4,940 8,935
Total 99,788 - 99,788 111,707
Expenditure on:
Charitable activities 6/7 (101,541) - (101,541) (106,815)
Other expenditure (3,805) - (3,805) (2,345)
Total (105,346) - (105,346) (109,160)
Net gains/(losses) on investments - - - 199
Other recognised gains/losses
Net movement in funds (5,558) - (5,558) 2,746
Reconciliation of funds
Total funds brought forward 26,899 910 27,809 25,063
Total funds carried forward 21,341 910 22,251 27,809

3 of 13

THE HIGHTOWER CHURCH Statement of Financial Position As at 30 April 2024

Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 13,988 16,039
13,988 16,039
Current assets
Rent Deposit 13 10,000 10,000
Cash at bank and in hand (717) 2,790
9,283 12,790
Creditors: amounts falling due within one year 14 (1,020) (1,020)
Net current assets 8,263 11,770
Total assets less current liabilities 22,251 27,809
Net assets 22,251 27,809
The funds of the charity
Restricted income funds 15 910 910
Unrestricted income funds 15 21,341 26,899
Total funds 22,251 27,809

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 2024

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)
Charitable Activities
Event Booking/Ticket Sales		 2024
£
1,659
1,659
2024
£
17,627
53,213
19,778
2,558
93,176
-
93,176		 2023
£
950
950
2023
£
20,280
56,518
21,712
2,390
100,900
908
101,808

3. Income from charitable activities

5 of 13

THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2024

4. Investment income

Unrestricted funds
Bank interest receivable
5. Other income
Unrestricted funds
Trustee/Member Loans
Other income
Other Income (Sale & Event Refund)
6. Costs of charitable activities by fund type
Unrestricted funds
The Prevention or Relief of
Poverty & Religious Activities
Support costs		 2024
£
13
13
2024
£
4,690
-
250
4,940
2024
£
91,369
10,172
101,541		 2023
£
14
14
2023
£
-
4,000
4,935
8,935
2023
£
96,954
9,861
106,815

7. Costs of charitable activities by activity type

Activities Grant 2024 2023
undertaken funding of
directly activities
£ £ £ £
Grant funding of activities
The Prevention or Relief of 90,529 840 101,541 106,815
Poverty & Religious Activities

6 of 13

THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2024

8. Analysis of support costs

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.		 2024
£
2,051
8,121
10,172
2024
£
2,051
-
1,020
2024
0
0		 2023
£
2,051
7,810
9,861
2023
£
2,051
199
1,020
2023
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 2024

12. Tangible fixed assets

Cost or valuation
At 01 May 2023
At 30 April 2024
Depreciation
At 01 May 2023
Charge for year
At 30 April 2024
Net book values
At 30 April 2024
At 30 April 2023		 Plant and
machinery
£
5,471
5,471
1,459
547
2,006
3,465
4,012		 Computer
equipment
£
15,035
15,035
3,008
1,504
4,512
10,523
12,027		 Total
£
20,506
20,506
4,467
2,051
6,518
13,988
16,039

13. Debtors

Amounts due after more than one year:
Other debtors – Rent Deposit
Creditors: amounts falling due within one year
Accruals and deferred income		 2024
£
10,000
10,000
2024
£
1,020
1,020		 2023
£
10,000
10,000
2023
£
1,020
1,020

14. Creditors: amounts falling due within one year

15. Movement in funds

Unrestricted Funds
General
General Funds		 Balance at
01/05/2023
£
26,899
26,899		 Incoming
resources
£
99,788
99,788		 Outgoing
resources
£
(105,346)
(105,346)		 Balance at
30/04/2024
£
21,341
21,341

8 of 13

THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2024

Unrestricted Funds - Previous year

Unrestricted Funds - Previous year
General
General Funds		 Balance at
01/05/2022
£
24,153
24,153		 Incoming
resources
£
111,707
111,707		 Outgoing
resources
£
(109,160)
(109,160)		 Balance at
30/04/2023
£
26,700
26,700

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
01/05/2023
£
910
910
Balance at
01/05/2022
£
910
910		 Balance at
30/04/2024
£
910
910
Balance at
30/04/2023
£
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 2024

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)
£
£
16,039
11,770
27,809
16,039
11,770
27,809
13,988
8,263
22,251
13,988
8,263
22,251
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 2024

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
Trustee/Member Loans
Other income
Other Income (Sale & Event Refunds)
Total incoming resources
EXPENDITURE
Charitable activities
Rent - Church Building
Depreciation - owned assets
Equipment Rental
Equipment Purchases
Events
Ministers Retreats & Travel
Repairs & Maintenance
IT Costs (internet, website, domains etc)
Publicity Materials
Social Media Advertising
Donations - Paid		 2024
£
1,659
1,659
17,627
53,213
19,778
2,558
-
93,176
13
13
4,690
-
250
4,940
99,788
(60,000)
(2,051)
(2,754)
-
(4,625)
(1,651)
(749)
(1,161)
(1,196)
(343)
-		 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)

11 of 13

THE HIGHTOWER CHURCH Detailed Statement of Financial Activities For the year ended 30 April 2024

Occasional Gifts
Refreshments
Annual Subscriptions
Honorarium to Visiting Minister
Telephone, Broadband & Mobile
Stationeries, Printing & Consumables
Other Professional Fees
Volunteer Travel
Furniture Purchase
Member Care/Palliatives
Volunteer Retreat/Training
Community Outreaches
Instrumentalists/Cover Worship Leaders
Installations
Cost of grant funded charitable activity
Other
Loan Repayments & Adjustments
Bank charges
SUPPORT COSTS
Management
Depreciation - owned assets
Governance costs
Independent Examiners fees
Premises Costs
Other office costs
Other finance costs
Total resources expended		 (438)
(577)
(553)
(2,000)
(626)
(1,108)
(534)
(1,903)
(2,233)
(397)
(1,490)
-
(4,140)
-
(840)
(91,369)
(3,310)
(495)
(3,805)
-
-
(1,020)
(6,152)
(2,015)
(985)
(10,172)
(105,346)		 (577)
(911)
(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)

Total resources expended

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 2024

NET INCOME BEFORE GAINS AND LOSSES

Other recognised gains and losses

Reversal of impairment losses - mixed motive investments

Net income before gains and losses

Net Expenditure

- 199
- 199
- 199
(5,558) 2,746

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 2024

THE HIGHTOWER CHURCH Contents Page For the year ended 30 April 2024

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 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 April 2024. 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

oe ............................................................................. Pastor ED Eze - Trustee

1 of 13

THE HIGHTOWER CHURCH Independent Examiners Report to the Trustees For the year ended 30 April 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 30 April 2024.

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: 21/02/2025

2 of 13

THE HIGHTOWER CHURCH Statement of Financial Activities For the year ended 30 April 2024

Notes Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 1,659 - 1,659 950
Charitable activities 3 93,176 - 93,176 101,808
Investments 4 13 - 13 14
Other income 5 4,940 - 4,940 8,935
Total 99,788 - 99,788 111,707
Expenditure on:
Charitable activities 6/7 (101,541) - (101,541) (106,815)
Other expenditure (3,805) - (3,805) (2,345)
Total (105,346) - (105,346) (109,160)
Net gains/(losses) on investments - - - 199
Other recognised gains/losses
Net movement in funds (5,558) - (5,558) 2,746
Reconciliation of funds
Total funds brought forward 26,899 910 27,809 25,063
Total funds carried forward 21,341 910 22,251 27,809

3 of 13

THE HIGHTOWER CHURCH Statement of Financial Position As at 30 April 2024

Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 13,988 16,039
13,988 16,039
Current assets
Rent Deposit 13 10,000 10,000
Cash at bank and in hand (717) 2,790
9,283 12,790
Creditors: amounts falling due within one year 14 (1,020) (1,020)
Net current assets 8,263 11,770
Total assets less current liabilities 22,251 27,809
Net assets 22,251 27,809
The funds of the charity
Restricted income funds 15 910 910
Unrestricted income funds 15 21,341 26,899
Total funds 22,251 27,809

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 2024

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)
Charitable Activities
Event Booking/Ticket Sales		 2024
£
1,659
1,659
2024
£
17,627
53,213
19,778
2,558
93,176
-
93,176		 2023
£
950
950
2023
£
20,280
56,518
21,712
2,390
100,900
908
101,808

3. Income from charitable activities

5 of 13

THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2024

4. Investment income

Unrestricted funds
Bank interest receivable
5. Other income
Unrestricted funds
Trustee/Member Loans
Other income
Other Income (Sale & Event Refund)
6. Costs of charitable activities by fund type
Unrestricted funds
The Prevention or Relief of
Poverty & Religious Activities
Support costs		 2024
£
13
13
2024
£
4,690
-
250
4,940
2024
£
91,369
10,172
101,541		 2023
£
14
14
2023
£
-
4,000
4,935
8,935
2023
£
96,954
9,861
106,815

7. Costs of charitable activities by activity type

Activities Grant 2024 2023
undertaken funding of
directly activities
£ £ £ £
Grant funding of activities
The Prevention or Relief of 90,529 840 101,541 106,815
Poverty & Religious Activities

6 of 13

THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2024

8. Analysis of support costs

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.		 2024
£
2,051
8,121
10,172
2024
£
2,051
-
1,020
2024
0
0		 2023
£
2,051
7,810
9,861
2023
£
2,051
199
1,020
2023
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 2024

12. Tangible fixed assets

Cost or valuation
At 01 May 2023
At 30 April 2024
Depreciation
At 01 May 2023
Charge for year
At 30 April 2024
Net book values
At 30 April 2024
At 30 April 2023		 Plant and
machinery
£
5,471
5,471
1,459
547
2,006
3,465
4,012		 Computer
equipment
£
15,035
15,035
3,008
1,504
4,512
10,523
12,027		 Total
£
20,506
20,506
4,467
2,051
6,518
13,988
16,039

13. Debtors

Amounts due after more than one year:
Other debtors – Rent Deposit
Creditors: amounts falling due within one year
Accruals and deferred income		 2024
£
10,000
10,000
2024
£
1,020
1,020		 2023
£
10,000
10,000
2023
£
1,020
1,020

14. Creditors: amounts falling due within one year

15. Movement in funds

Unrestricted Funds
General
General Funds		 Balance at
01/05/2023
£
26,899
26,899		 Incoming
resources
£
99,788
99,788		 Outgoing
resources
£
(105,346)
(105,346)		 Balance at
30/04/2024
£
21,341
21,341

8 of 13

THE HIGHTOWER CHURCH Notes to the Financial Statements Continued For the year ended 30 April 2024

Unrestricted Funds - Previous year

Unrestricted Funds - Previous year
General
General Funds		 Balance at
01/05/2022
£
24,153
24,153		 Incoming
resources
£
111,707
111,707		 Outgoing
resources
£
(109,160)
(109,160)		 Balance at
30/04/2023
£
26,700
26,700

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
01/05/2023
£
910
910
Balance at
01/05/2022
£
910
910		 Balance at
30/04/2024
£
910
910
Balance at
30/04/2023
£
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 2024

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)
£
£
16,039
11,770
27,809
16,039
11,770
27,809
13,988
8,263
22,251
13,988
8,263
22,251
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 2024

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
Trustee/Member Loans
Other income
Other Income (Sale & Event Refunds)
Total incoming resources
EXPENDITURE
Charitable activities
Rent - Church Building
Depreciation - owned assets
Equipment Rental
Equipment Purchases
Events
Ministers Retreats & Travel
Repairs & Maintenance
IT Costs (internet, website, domains etc)
Publicity Materials
Social Media Advertising
Donations - Paid		 2024
£
1,659
1,659
17,627
53,213
19,778
2,558
-
93,176
13
13
4,690
-
250
4,940
99,788
(60,000)
(2,051)
(2,754)
-
(4,625)
(1,651)
(749)
(1,161)
(1,196)
(343)
-		 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)

11 of 13

THE HIGHTOWER CHURCH Detailed Statement of Financial Activities For the year ended 30 April 2024

Occasional Gifts
Refreshments
Annual Subscriptions
Honorarium to Visiting Minister
Telephone, Broadband & Mobile
Stationeries, Printing & Consumables
Other Professional Fees
Volunteer Travel
Furniture Purchase
Member Care/Palliatives
Volunteer Retreat/Training
Community Outreaches
Instrumentalists/Cover Worship Leaders
Installations
Cost of grant funded charitable activity
Other
Loan Repayments & Adjustments
Bank charges
SUPPORT COSTS
Management
Depreciation - owned assets
Governance costs
Independent Examiners fees
Premises Costs
Other office costs
Other finance costs
Total resources expended		 (438)
(577)
(553)
(2,000)
(626)
(1,108)
(534)
(1,903)
(2,233)
(397)
(1,490)
-
(4,140)
-
(840)
(91,369)
(3,310)
(495)
(3,805)
-
-
(1,020)
(6,152)
(2,015)
(985)
(10,172)
(105,346)		 (577)
(911)
(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)

Total resources expended

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 2024

NET INCOME BEFORE GAINS AND LOSSES

Other recognised gains and losses

Reversal of impairment losses - mixed motive investments

Net income before gains and losses

Net Expenditure

- 199
- 199
- 199
(5,558) 2,746

13 of 13 This page does not form part of the statutory financial statements