## **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**
**No**1166922
~~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
- 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
- Carried out pastoral work including visiting the sick, elderly and the bereaved
- Hosted a praise and worship event tagged ‘An evening
- • of Praise’, The congregants were led the congregants in soul-lifting and life-transforming praise and worship; stirring up faith, hope and joy in the hearts of all attendees
- Supported young adults, families/couples through effective counselling and unbiased support with dispute resolution in line with Christian doctrine.
- Provided 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
- Provided grants and palliatives in support of the needy
- • Helped alleviate mental and emotional stress by engaging members with meetings that connect them to hope and God
- • Provided spiritual, moral and emotional support for members and all those that required our services
- • Utilised all available means to proclaim the Christian gospel and promote Christian values
## **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**
- _Cha_ llenge: Relying on paid instrumentalists for all our meetings has been challenging.
- _Mitigation:_ We are exploring and setting up an initiative to train church members while also seeking volunteer musicians who are willing to serve in our local church.
## **Finding a Suitable Charity to Sublet Part of the Church Building**
- _Challenge_ : We have been seeking a suitable charity to sublet part of our church building in order to lower rental costs.
- _Mitigation:_ Discussions are ongoing with some charities to find a compatible partner that aligns with our mission and values.
**SECTION E**
## **Future Plans**
Looking ahead, the Trustees are committed to ensuring the continued growth and impact of The Hightower Church by:
- Strengthening community engagement efforts to widen our reach and deepen our impact
- Expanding our youth programs to nurture the next generation of Christian leaders
- Upholding financial management practices to ensure sustainability
## **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
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## 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**|
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## 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
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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)|
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## 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