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2025-03-31-accounts

HIGHLAND CHURCH UK LIMITED Report and Financial Statement For the Year ended 31 March 2025

CHARITY COMMISSION REGISTERED NUMBER 1206430

HIGHLAND CHURCH UK LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2025
Contents Page
Legal and Administrative Information 2
Report of the Trustees 3-8
Independent Examiner's report 9-10
Statement of Financial Activities 11
Balance sheet 12
Notes forming part of the Financial statements 13-15

1

HIGHLAND CHURCH UK LIMITED REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2025

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

Ileyemi Idowu Aborowa Omoniyi Olukunle Osunsanya Michael Olumide Adekanye

REGISTERED OFFICE

70 Clapton Square

London England E5 8HW

BANKERS

Cashplus

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

Accountants

AACSL Accountants Limited 1st Floor, North West Gate House Harlow Essex CM20 1YS

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HIGHLAND CHURCH UK LIMITED

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2025

The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by a Memorandum and Articles of Association.

PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY

Highland Church UK Limited is dedicated to advancing the Christian faith worldwide, in alignment with its core statement of faith. We achieve this through a variety of spiritual, social, and educational initiatives aimed at benefiting the community and fostering individual growth.

THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:

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HIGHLAND CHURCH UK LIMITED

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 March 2025

THE FOCUS OF OUR WORK

Our main objectives for the year continued to be the advancement of the Christian religion and to strive to improve the living condition of the needy.

The strategies we applied in meeting these objectives are:

Provision of weekly church services through midweek Bible study, Friday prayer meetings and communion service, and Sunday for celebration service, to minister to the physical, material and spiritual needs of the members and visitors alike.

Provisions of special events, meetings and training to meet the specific needs of the target groups in the church and the community, for example, men's group, women's group, youth group, children church, single and newly married group. Regular prayer meetings are held by the church for the members of the church, members of our community, counsellors, members of parliament, prime minister, the monarch, council leaders, our mayor, members of the police force and businesses in our community. Focusing on the material needs of certain members undergoing difficult financial situations due to sickness, unemployment, homelessness and those falling on difficult times.

PLANS FOR THE FUTURE

The church will continue to explore various ways of spreading the gospel of Jesus Christ in an effective manner. The charity is also looking to grow its membership and to continue to develop its members in order to make a positive impact in the society while performing its charitable activities.

INCOME GENERATION

The Charity has generated £48,457.92 in donations during the year. This includes both direct transfers into charity’s account and cash donations.

RISKS

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

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The leadership held a couple of Strategy Meetings where the risks facing the charity were identified as:

HIGHLAND CHURCH UK LIMITED produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. HIGHLAND CHURCH UK LIMITED has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.

RESERVES POLICY

The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds is held to meet the above policy of the Charity going forward.

5

HIGHLAND CHURCH UK LIMITED REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 March 2025

Governance and Internal Control

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 31 March 2025, the Board had a membership of Three people.

The Board meets multiple times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day-to-day activities of the charity. None of the committee members is being remunerated.

All Trustees receive the handbook for Trustees provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.

Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 1993 as amended

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

6

HIGHLAND CHURCH UK LIMITED

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 March 2025

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

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HIGHLAND CHURCH UK LIMITED

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 March 2025

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 31 March 2025. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

Ileyemi Idowu Aborowa

on behalf of the trust.

Omoniyi Olukunle Osunsanya

on behalf of the trust.

Trustee

Trustee

28th August, 2025

28th August, 2025

8

HIGHLAND CHURCH UK LIMITED

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 March 2025

Examiner’s Report to the Trustees of HIGHLAND CHURCH UK LIMITED

We report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 9 to 13.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees

consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is our responsibility to:

Basis of independent examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

  1. Which gives us reasonable cause to believe that in any material respect the requirements,

  2. To keep accounting records in accordance with section 41 of the 1993 Act; and

  3. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act as amended.

9

Have not been met; or

(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AACSL Accountants Limited

1st Floor North

Westgate House

Harlow

Essex

CM20 1YS

28th August, 2025

10

HIGHLAND CHURCH UK LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account)
YEAR ENDED 31 March 2025
2025
Un-restricted
Funds
Restricted
Funds
Total Funds
2025
2025
2025
Note
£
£
£
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
General Donations
2
42,365.44
6,092.48
48,457.92
TOTAL INCOMING RESOURCES
42,365.44
6,092.48
48,457.92
RESOURCES EXPENDED
Cost of Generating Funds
3
52,587.71
-
52,587.71
Governance
4
380.00
-
380.00
TOTAL RESOURCES EXPENDED
52,967.71
-
52,967.71
Net income/(expenditure)
10,602.27
-
6,092.48
4,509.79
-
Total funds brought forward
19,047.00
19,047.00
Total funds carried forward
8,444.73
6,092.48
14,537.21
All incoming resources are derived from continuing operations. The charity has no other gains or losses other
than those recognised in the Statement of Financial Activities.		 2024
Total Funds
2021
£
50,197
50,197
30,751
400
31,151
19,046
-
19,046

For the year ending 31 March 2025, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

Ileyemi Idowu Aborowa

on behalf of the trust.

Omoniyi Olukunle Osunsanya

on behalf of the trust.

Trustee

Trustee

28th August, 2025

28th August, 2025

11

HIGHLAND CHURCH UK LIMITED

BALANCE SHEET YEAR ENDED 31 March 2025

CURRENT ASSETS
Members loan
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling due within one year
Net Current assets/(Liabilities)
TOTAL ASSETS LESS CURRENT LIABILITIES
FINANCED BY:
Unrestricted funds
Restricted Funds
TOTAL FUNDS		 2025
2024
Total
Total
£
£
2,974
14,917
16,073
14,917
19,047
(380)
14,537
19,047
14,537
19,047
8,445
19,047
6,092
-
14,537
19,047

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HIGHLAND CHURCH UK LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. There was a donation in the form of a Seed Capital made by the Head quarter church on 13th August 2024 for the sum of £6,092.48. This has been included in the income and also the balance sheet section as restricted funds.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

13

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

14

HIGHLAND CHURCH UK LIMITED
NOTES TO THE ACCOUNTS
YEAR ENDED 31 March 2025
Note 2.
Incoming Resources - General Donations
General Donations
Note 3.
Resources Expended - Activities
Bank charges
Advertising and PR
Solicitors Fees
Hotel
Equipment
Events & Other related costs
Insurance
Travel Expenses
Software
Consultancy
Rent
Stationary and Printing
Honorarium
Note 4.
Resources Expended – Governance
Accountancy
Note 5.
Debtors
This is made up as follows:
Member Loans		 Unrestricted
Funds
£
42,365
42,365
Unrestricted
Funds
£
11
2,400
632
8,858
28,535
181
285
267
813
8,000
54
2,553
52,588
Unrestricted
Funds
£
380
380
2025
£
-		 2025
Restricted
Total
Funds
Funds
£
£
6,092
48,458
6,092
48,458
2025
Restricted
Total
Funds
Funds
£
£
11
2,400
-
632
8,858
28,535
181
285
267
813
8,000
54
2,553
-
52,588
2025
Restricted
Total
Funds
Funds
£
£
-
380
-
380
2024
£
2,974
2,974		 2025
Restricted
Total
Funds
Funds
£
£
6,092
48,458
6,092
48,458
2025
Restricted
Total
Funds
Funds
£
£
11
2,400
-
632
8,858
28,535
181
285
267
813
8,000
54
2,553
-
52,588
2025
Restricted
Total
Funds
Funds
£
£
-
380
-
380
2024
£
2,974
2,974		 2024
Total
Funds
£
50,197
50,197
2024
Total
Funds
£
1
2,000
4,400
3,688
178
17,226
298
60
2,900
30,751
2024
Total
Funds
£
400
400
2,974
Note 6.
Cash at bank and in hand		 2025 2024
Cash at bank
Cash at hand
Note 7.
Creditors: amounts falling due within one year
This is made up as follows:
Accountancy Fees		 £
14,917
14,917
2025
£
380
380		 £
16,073
16,073

15