Finance Score: 0

Governance Score: 3

Support Score: 3

Poor Liquidity: -1
Good Reserves: +1Good reserves management: +3
Spending falling: -1
Multiple Deficits and declines: -5
Fundraising costs low: +3

Good trustee age range: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 6

HILLSONG CHURCH LONDON

THE PRINCIPAL OBJECTIVES OF HILLSONG CHURCH LONDON, AS SET IN OUR CONSTITUTION, IS THE ADVANCEMENT OF THE CHRISTIAN RELIGION BY THE PRONOUNCEMENT OF THE GOSPEL OF JESUS CHRIST.

Analysis by Giving is Great

Positives:

The charity has received Government grants and contracts
Reserves management has been consistently within official guidelines
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile and on several occasions in recent years less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£10,841	£11,984	£-1,143	£251	£9,282	£6,472	6.5	83	1,000
31/12/21		£12,326	£12,475	£-149	£3,172	£10,424	£7,910	7.6	100	1,000
31/12/20		£14,703	£12,542	£2,162	£3,180	£10,573	£8,032	7.7	113	2,200
31/12/19		£21,046	£19,733	£1,313	£5,530	£8,412	£6,222	3.8	116	2,200
31/12/18		£19,871	£19,651	£221	£4,734	£7,099	£5,159	3.2	124	2,200
31/12/17		£18,561	£18,259	£302	£4,408	£6,878	£5,390	3.5	114	0
31/12/16		£17,606	£16,962	£643	£4,240	£6,576	£5,129	3.6	97	0
31/12/15		£14,843	£14,541	£302	£4,237	£5,663	£4,391	3.6	83	0
31/12/14		£12,997	£12,738	£259	£3,722	£4,400	£3,230	3	71	0
31/12/13		£11,651	£11,466	£185	£3,598	£4,141	£3,218	3.4	58	0
31/12/12		£10,620	£10,423	£198	£3,272	£3,956	£3,138	3.6	58	0
31/12/11		£10,658	£10,604	£54	£4,582	£3,758	£3,084	3.5	49	0
31/12/10?		£9,853	£9,078	£775	£3,194	£3,704	£3,061	4	37	0
30/06/09	*	£8,904	£7,999	£906	£2,624	£3,219	£2,799	4.2	37	0
30/06/08	*	£8,680	£6,367	£2,312	£2,087	£2,313	£2,079	3.9	35	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.3%
Fundraising Costs/Total Spending: 2.1%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £130,000-£140,000
Liabilities/Assets: 50%
Liabilities/Income: 85%
Unrestricted Funds/Total Funds: 70%
Reserves/Spending: 6.5 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.3

Asset Split ?

Established: 17 years
(18 years as a company)

www.hillsong.com/uk

admin@hillsong.co.uk

02073849200

Charity Commission for England and Wales

Listed activities

Religious Activities

GiG Classification

Christian congregations

How it operates

Provides services

Where it operates

Birmingham City, Italy, Kent, Liverpool City, Newcastle Upon Tyne City, Oxfordshire, Scotland, Surrey, Throughout London,

Who it helps

The General Public/Mankind

Who works here?

83 employees
1,000 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 28-68

CHIAMAKA OKEKE Appointed: 2020, Occupation: Solicitor

UDONNA OBI Appointed: 2020, Occupation: Syndicate Banker

DAVID BAGHERI Appointed: 2020, Occupation: Company Director

DAVID STEPHEN WHITEWOOD Appointed: 2015, Occupation: Company Director

RUSS DACRE (Chair) Appointed: 2015, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 30/07/2007, number: 1120355
Registered at Companies House on 22/06/2005, number: 05487537

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

15 returns made; AR09: 10 days late, AR08: 103 days late,

Main office

Hillsong Church London
35 Little Russell Street
London
WC1A 2HH

Objectives

3.1) THE ADVANCEMENT OF THE CHRISTIAN RELIGION BY THE PROCLAMATION AND FURTHERANCE OF THE GOSPEL OF GOD CONCERNING HIS SON JESUS CHRIST THE LORD AND PREACHING AND TEACHING OF THE WORD OF GOD BY THE CHURCH IN ACCORDANCE WITH THE STATEMENT OF FAITH APPROVED BY THE ELDERS OF HILLSONG CHURCH, SYDNEY, AUSTRALIA FROM TIME TO TIME (THE STATEMENT); AND3.2) THE RELIEF OF ANY PERSON WHO IN IN CHARITABLE NEED;3.3) THE PROMOTION OF EDUCATION FOR THE PUBLIC BENEFIT; AND3.4) SUCH OTHER CHARITABLE PURPOSES AS ARE RECOGNISED AS SUCH UNDER THE LAWS OF ENGLAND AND WALES CONSISTENT WITH THE OBJECT SET OUT IN CLAUSE 3.1 ABOVE.

Defined Area of Benefit:

NOT DEFINED IN PRACTICE GREATER LONDON.

Data Sources