**Company registration number: 03063706**
## **BeaconLight Trust**
a company limited by guarantee and not having a share capital
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT for the year ended 30th June 2021**
Registered Charity No. 1047046 Registered Company No. 03063706
Registered and Operating Address: 150 High Street Banstead Surrey SM7 2NZ
## **Company registration number: 03063706**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
Directors (Trustees) Rev Dr Paul Adams Mr Mark Jones Dr Nigel Paget Mr John Phillips Mr Evan Winter Secretary Mr Evan Winter Company registration number: 03063706 Charity registration number: 1047046 Registered Office 150 High Street Banstead Surrey SM7 2NZ Accountants Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF Solicitors Cowan & Wood 114 South Street Dorking Surrey RH4 2EZ
## **Company registration number: 03063706**
## **INDEX**
|Report of the Directors|1 – 4|
|---|---|
|Independent Examiner’s Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to Financial Statements|8 – 10|
## **Company registration number: 03063706**
## **REPORT OF THE DIRECTORS**
The Directors present their report and the financial statements of the Company for the year ended 30th June 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts.
## **Structure, Governance and Management**
BeaconLight Trust was incorporated as a company limited by guarantee on 1st June 1995 and is governed by the Memorandum and Articles of Association. The Company is also registered with the Charity Commission. Directors are appointed by the members of the Trust. One third of the Directors retire by rotation each year and are eligible for re-election. The business of the Trust is managed by the Board of Directors.
## **Financial Review for year ending 30[th] June 2021**
Total income for the year amounted to £52,608 (£316,436 – 2020) and total expenditure was £68,654 (£72,613 – 2020). Of this, restricted income equalled £24,539 (£10,657 – 2020) and restricted expenditure £37,116 (£38,713 – 2020). Support costs amounted to £4,796 (£4,921 – 2020). Total net assets of the Charitable Company equalled £257,798 (£273,844 – 2020).
## **Summary of the Charity’s Objects and Activities**
To promote the Christian faith as determined in the Holy Bible and the expression of the Christian faith through a lifestyle consistent with the Holy Bible.
Originally, the Trust fulfilled these objectives through the provision of face-to-face training courses, but in 2007 the decision was taken to make BeaconLight resources available through various media. Since 2007 the Trust has provided Biblical training and teaching resources via its websites for use by individuals and churches. Additionally, since 2010 the Trust has published resources primarily for distribution to prisons.
The Directors confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities. All resources are provided free of charge to members of the public irrespective of the presence or absence of any protected characteristic.
In particular, the Directors are committed to enabling as many people as possible, anywhere in the world, to understand Biblical Christian faith and to put that faith into practice through the provision of:
- Daily (Monday to Friday) Biblical expository teaching access via email or app.
- Training / educative materials (available via our websites).
- An email correspondence service providing answers to questions about Biblical Christian faith and responses to pastoral issues.
- Printed resources.
The Trust’s resources are designed to help people who are enquiring about the Christian faith as well as Christians who desire to grow in their faith.
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## **Company registration number: 03063706**
## **Directors**
The Directors during the year were:
Rev Dr Paul Adams (Chairman) Mr Evan Winter (Secretary) Mr Mark Jones Dr Nigel Paget Mr John Phillips
The Directors confirm that there is no person with significant control.
## **Review of Activities**
## **1. Overview**
The coronavirus had some impact upon the Trust’s activities, notably hindering the distribution of printed resources in some of the countries and, also, within the prisons in the UK as chaplaincies were under-resourced and many chaplains had limited access to residents.
The main activities continued to be:
- Word@Work (W@W) The publication of this Bible based expository devotional resource delivered by email and App, and the resumption of marketing (by targeted campaigns) to increase the subscriber base.
- Books (Prison Resources) The distribution of books to prisons and to ministries working with ‘ex-offenders’ and the ‘marginalised’ in society.
- Partnership with Naval and Military Bible Society The partnership was further strengthened with their funding of a Police edition of _Inner Struggles._
- Ongoing translation of CrossCheck and Truth Unlocked into other languages.
## **2. Summary of the main achievements during the year**
## _Word@Work_
- Several targeted campaigns were run during the year, using Facebook and Google Adwords, attracting almost 3,000 new subscribers. There was also organic growth. At 30[th ] June 2021 there were 29,188 subscribers, (21,048 at 30[th] June 2020).
## _Word@Work App_
- During the year Apps have been developed for use on the Progressive Web Application, Android and iOS platforms.
## _Bible Outlines_
- All the Bible Outlines were revised to make them more compatible with W@W.
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## **Company registration number: 03063706**
## _CrossCheck_
- An updated (2021) English version was printed.
- Proof versions in Portuguese and Burmese have been printed and distributed for ‘market testing’
## _Translations – CrossCheck and Truth Unlocked_
- Several versions are in various stages of translation, production, checking and trials.
## _Books_
- The UK prisons were supplied with our resources, including:
- 6,300 books.
- Easter cards (9,400) and booklets (7,200).
- Small quantities of our books continued to be supplied to prison ministries in Kenya and Zimbabwe.
- A new Police edition of _Inner Struggles_ was produced (for delivery in July 2021), in partnership with the Naval & Military Bible Society and the Christian Police Association.
- New editions of _Making Sense of Forgiveness (MSF)_ and _New Life_ were published _._
- A study guide for _MSF_ was developed and copies supplied to several prisons on a trial basis for testing.
## _Marketing_
- Our monthly prayer newsletter continued; it now has just over 200 subscribers.
## _Mentoring_
- Through the year Paul Adams continued to mentor a number of individuals, principally church leaders, and helped churches in an advisory capacity.
## _Administration and Governance_
- The trustees met four times during the year.
- Our finance management was switched to an accounting package.
- Our data protection controls and practices were reviewed to ensure compliance with GDPR regulations.
- New Anti-Bribery, Anti-Fraud and Anti-Money Laundering policies were adopted.
- The Directors are very grateful to Nicola Goddard and Susan Cox for their continued support with the administration and marketing; to Ben Desmond for his support with print design and web maintenance and development; to Andrew Beattie and Jan Hollinshead for the W@W marketing campaigns.
- ChristChurch Banstead continued to make available a small amount of office space for the storage of archived materials.
## **3. Plans for future periods**
## _CrossCheck_
- Production of a new (updated) video.
- Distributor to be identified for the Tagalog translation.
- Ongoing work on other translations as requested.
- Development of effective ways for distributing and use of Chinese translations.
- Support our partner Project Mozambique Plus as they develop an evangelism training
- programme that uses CrossCheck.
- Leading pastors conferences in Sarawak, Malaysia and Myanmar (in partnership with Yangon Cathedral) in the use of CrossCheck and Truth Unlocked resources.
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## **Company registration number: 03063706**
## **Independent examiner’s report to the trustees of BeaconLight Trust**
I report on the accounts of the Trust for the year ended 30 June 2021, which are set out on pages 6 to 1 0 .
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P B Robinson MAAT FCIE Independent Examiners Limited 2 Broadbridge Business Centre Delling Lane Bosham West Sussex, PO18 8NF
Date: 19[th ] October 2021
6
## **Company registration number: 03063706**
## **Statement of Financial Activities for the Year Ended 30th June 2021**
## **(including income and expenditure account)**
||**Notes**|**Unrestricted**
**Fund**|
**Restricted Funds**
**Book**
**Fund**
**Other**
**Funds**|
**Restricted Funds**
**Book**
**Fund**
**Other**
**Funds**|**TOTAL**
**FUNDS**
**2021**|**TOTAL**
**FUNDS**
**2020**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|**INCOME AND ENDOWMENTS**|||||||
|Donations||17,688|22,215|-|39,903|31,077|
|Gift Aid Tax Reclaimed||683|2,320||3,003|1859|
|Legacies||6,897|||6,897|282,295|
|Trading Activities||-|4|-|4|111|
|Investments||2,801|-|-|2,801|1,094|
|**TOTAL INCOME**||**28,069**|**24,539**|-|**52,608**|**316,436**|
|**EXPENDITURE**|||||||
|Raising Funds||-|-||-|-|
|Charitable Activities|1d|21,947|37,116|4,795|63,858|67,692|
|Other Expenditure|3|4,796|-|-|4,796|4,921|
|**TOTAL EXPENDITURE**||**26,743**|**37,116**|**4,795**|**68,654**|**72,613**|
|**NET INCOME / EXPENDITURE**||**1,326**|**(12,577)**|**(4,795)**|**(16,046)**|**243,823**|
|Transfers between Funds|7|(18,468)|14,000|4,468|||
|Total Funds Brought Forward||273,863|(346)|327|273,844|30,022|
|Adjustment||-|-|-|-|-|
|**TOTAL FUNDS CARRIED FORWARD**||**256,721**|**1,077**|**-**|**257,798**|**273,844**|
There were no gains or losses other than those reported above. All of the organisation’s operations are classed as continuing.
The notes on pages 8 to 10 form part of these financial statements.
6
## **Beacon light**
## **Company registration number: 03063706**
## **Balance Sheet as at 30th June 2021**
|||**2021**|**2020**|
|---|---|---|---|
||**Notes**|£|£|
|**Fixed Assets**||||
|**Current Assets**||||
|Debtors|5||2,209|
|Stocks of resources||300|300|
|Cash at bank and in hand||258,158|273,764|
|**Total**||**258,458**|**276,272**|
|**Current Liabilities**||||
|Creditors: amounts falling due within one year:|6||(1,768)|
|Independent Examiner's fee||(660)|(660)|
|**Total Current Liabilities**||**(660)**|**(2,428)**|
|Creditors: amounts falling due afer more than one year||||
|**Net Assets**||**257,798**|**273,84**|
|Unrestricted Fund||256,721|273,863|
|Restricted Funds|7|1,077|(19)|
|**Total Funds**||**257,798**|**273,84**|
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
For the year ending 30 June 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 29 September 2021 and signed on their behalf by
Dr PN Adams, Executive Director
Date: 29 September 2021
7
**Company registration number: 03063706**
## **Notes to the Financial Statements for the Year Ended 30th June 2021**
## **1. ACCOUNTING POLICIES**
## **a) Basis of Preparation**
The financial statements are prepared on the historical cost basis convention (as modified to include the revaluation of Investments) in accordance with the Charities Act 2011, "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102.
The Charity has claimed exemptions available in Section la of FRS 102 not to prepare a cash flow statement since it is a small charity.
## **b) Donations and gifts**
These are reflected in the accounts in the year in which they are received. Income from Gift Aid donations is grossed up to reflect the tax recoverable, and this gross figure is included in the accounts as income.
## **c) Expenditure**
This is shown on an accruals basis.
## **d) Charitable Expenditure**
This comprises all expenditure directly related to the objects of the Trust. The main items of expenditure were:
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**Unrestricted Fund**|||
|Word@Work App Development|-|13,680|
|Distribution costs of W@W by email|2,460|2,203|
|Marketing of W@W|11,729|-|
|Website/email|5,596|10,782|
|Other IT costs|850|710|
|Sundries|1,312|405|
|**Total**|**21,947**|**28,980**|
|**Restricted Funds**|||
|_Book Fund_|||
|Printing and design (books) for UK|25,506|21,571|
|Printing and design (books) for Overseas|1,514|-|
|_Inside Time_articles|6,300|6,300|
|Storage and Distribution|3,796|6,133|
|Sundries|-|358|
|_CrossCheck Fund_|4,795|4,351|
|**Total**|**41,911**|**38,713**|
## **e) Governance Costs**
This comprises all expenditure directly related to compliance with constitutional and statutory requirements and any other costs which cannot be treated as charitable expenditure.
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## **Company registration number: 03063706**
## **Notes to the Financial Statement** _(continued)_
- **f) Stocks of Resources** Almost all of our printed resources are distributed free of charge. A nominal figure of £300 has been included to reflect the possible income from resources sold.
## **g) Voluntary help**
The Trust is heavily dependent on voluntary help. No value is attributed to this in the accounts.
## **2. NET MOVEMENT IN FUNDS**
This is stated after charging the Independent Examiner’s Fee
|**2021**|**2020**|
|---|---|
|**£**|**£**|
|660|660|
|660|660|
## **3. CHARITABLE ACTIVITIES: SUPPORT COSTS**
|**IVITIES: SUPPORT COSTS**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Independent Examiner’s Fee|660|660|
|Subscriptions|100|285|
|Insurance|414|142|
|Administrative support|3,000|3,330|
|Sundry expenditure|622|503|
|**Total**|**4,796**|**4,920**|
## **4. STAFF COSTS**
The Trust did not employ any staff during the year.
Mr E Winter received a total of £1,500 for services provided to the Trust that are not related to his position as a Director. No other payments were made to any other director or any other persons connected with them during this financial period. No material transaction took place between the organisation and a director or any person connected with them (2020 – none).
## **5. DEBTORS - Amounts falling due within one year**
|**nts falling due within one year**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Reclaim of tax on Gift Aid donations|-|2,209|
||-|**2,209**|
|**ounts falling due within one year**|||
||**2021**|**2020**|
||**£**|**£**|
|Independent Examiner’s Fee||660|
|MB Desmond|-|1,768|
|||**2,428**|
## **6. CREDITORS - Amounts falling due within one year**
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## **Company registration number: 03063706**
## **Notes to the Financial Statement** _(continued)_
## **7. RESTRICTED FUNDS**
|**ESTRICTED FUNDS**||
|---|---|
|Book Fund
Other Funds|**Balance**
**1**
**st July**
**2020**
**Income**
**Expenditure**
**Transfer from**
**Unrestricted**
**Fund**
**Balance**
**30**
**th June**
**2021**
**£**
**£**
**£**
**£**
**£**|
||**(346)**
24,539
37,116
14,000
**1,077**
**327**
**-**
4,795
4,468
**-**|
The restricted funds relate to:
- the publication and distribution of books,
- the printing of CrossCheck in other languages.
The restricted funds are wholly represented by cash reserves of the charity.
## **8. TAXATION**
The Company is exempt from taxation in accordance with Part 10 of the Income Tax Act 2007 and so has no liability to corporation tax.
## **9. CONSTITUTION**
The Company is limited by guarantee and each member is under covenant to contribute a sum not exceeding £1 in circumstances as set out in Clause 6 of the Memorandum & Articles of Association.
10