**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 2024**
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 Dr Adrian Creighton (from 29[th ] July 2023) Mr Mark Jones Dr Nigel Paget Mr John Phillips
Company registration number 03063706
Charity registration number 1047046 Registered Office 150 High Street Banstead Surrey SM7 2NZ Solicitors Cowans Solicitors LLP 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 – 11|
## **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 2024. 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 (the Trust) was incorporated as a company limited by guarantee on 1st June 1995 and is governed by the Memorandum and Articles of Association. The Trust 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 2024**
Total income for the year amounted to £53,535 (£45,404 – 2023) and total expenditure was £101,655 (£83,907 – 2023). Support costs amounted to £4,063 (£4,170 – 2023). Total net assets of the Trust equalled £159,842 (£207,962 – 2023).
## **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 for use by individuals and churches. Additionally, since 2010 the Trust has published other 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.
1
## **Company registration number: 03063706**
## **Directors**
The Directors during the year were:
Rev Dr Paul Adams (Chairman) Dr Adrian (Rick) Creighton (from 29[th ] July 2023) 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 main activities continued to be:
Word@Work (W@W)
This Bible based expository devotional resource delivered by email and App globally, currently to approximately 15,000 subscribers. (This represents a significant reduction over the last five years, following a decision to discontinue advertising in the light of the increased costs.)
Books (Prison Resources)
The distribution of books to prisons and to ministries working with ‘ex-offenders’ and the ‘marginalised’ in society.
CrossCheck and Truth Unlocked (other languages)
The translation and distribution in several languages, and supporting training courses.
## **2. Summary of the main achievements during the year**
_Word@Work_
- This remains the core resource, reaching more than 15,000 subscribers - 11,500 by email and 4,000 using the App – notwithstanding the decrease mentioned above, as a result of the decision not to invest substantial funds in advertising.
## _CrossCheck (CCK) and Truth Unlocked (TU) Overseas_
- Burma. Truth Unlocked was successfully translated into Burmese and 5,000 copies were distributed between a large number of churches. This was overseen by the Dean of a Bible college in the north west of Myanmar.
- Ethiopia. The printing and distribution of TU in Amharic and Oromiffa was delayed as the cost of printing locally proved to be prohibitive. Other options are currently being explored.
- Lawas and Sarawak have been using the Bahasa versions of CrossCheck and Truth Unlocked. Nigel and Jane Paget made two further visits to the Lawas MET’s and the Buduk Aru Bible Colleges, to encourage the training of ministers and further disciple training.
- Nigeria. Our work is developing through Rick Creighton who joined the Board in July 2023 as Nigeria Ministries Director and, as of July 2024, is International Training Director. During the year, he authored a discipleship training workbook ‘Grow in Christ’ which will be field tested over the next 12 months, principally with his theological students.
2
## **Company registration number: 03063706**
## **2. Summary of the main achievements during the year (continued)**
## _Books_
- The UK prisons were supplied with printed resources, including: ▪ 11,300 books (to 70 prisons),
- approximately 13,300 booklets,
- 800 copies of autobiographies purchased from other publishers.
- There was continued strong demand from prisons in Kenya, Tanzania and, additionally, from prisons in DRC, Malawi and Uganda. In total, 4,000 copies of _Truth Unlocked_ and _Prayers from Inside_ were supplied.
- 800 copies of _Making Sense of Forgiveness_ were used in Zimbabwe in a _Healing Through Forgiveness_ course, primarily within prisons.
- 2,500 books and 3,000 booklets were supplied to Christian Literature Outreach in Australia for their ministry to prisons across Australia and New Zealand.
- _Inner Hope_ , a collection of hymns and relevant scriptures, with short devotional narratives was published in December 2023.
- The booklet _The Hug_ , was finalised and test-marketed and is scheduled for printing in July 2024. Initially planned for the homeless, it was modified to make it accessible to the prison population and as an evangelistic booklet for anybody who feels ‘trapped by life’.
## _Marketing_
- Our monthly prayer newsletter continued, currently with 230 subscribers.
## _Mentoring_
- Paul Adams continued to mentor a number of individuals, principally church leaders, and helped churches in an advisory capacity.
## _Pastoral Grant_
- An investment grant of £5,800 was made to Victor Habila in Nigeria, a former student of Rick Creighton, enabling him to develop, under Rick’s guidance, various ‘tent-making’ projects in farming. It is hoped that the eventual income will allow him to continue, and develop, his current ministry of promoting _Truth Unlocked_ and training leaders in its use. During the year, Victor trained more than 50 seminary students and 100 youth camp leaders.
## _Website and W@W App_
- The Word@Work website code-base was upgraded to meet security requirements. Other
- changes were made to enable easier access to the content.
- The updated CrossCheck site went live with multilingual content, and updated visuals incorporated in the video.
- The W@W App code-base was updated for iOS to meet security requirements.
## _Administration and Governance_
- The trustees met four times during the year.
- The Directors are very grateful for the continued support of Nicola Goddard and Susan Cox (administration and marketing); Ruth Witchard (finance); Ben Desmond (print design and web maintenance and development); Andrew Beattie and Jan Hollinshead (W@W marketing campaigns) are available to provide support as needed; Tim Dobson (W@W apps).
- ChristChurch Banstead continued to make available a small amount of office space for the storage of archived materials.
3
BeaconLfght
Company registration number: 03063706
3. Plans for future periods
Crosscheck and Truth Unlocked (Overseas)
There will be further print runs of the Portuguese versions of both CCK and TU
for distribution in Mozambique.
There will be a further print run of the Nepalese version of TU.
CCK has been translated in Spanish and, once checked, will be ready for printing
and distribution.
Other translations as viable opportunities are presented.
Books
Work to continue on a compilation of testimonies, principally for distribution to prisons,
with publication expetted in late 2025.
Inner Struggles to be reviewed and updated
A FIAF Edition of Inner Struggles in partnership with the Naval & Military Bible society.
The publication of further testimony booklets in the Now Free series.
Beneficial Relationships
At the end of the year, one of the Directors (Trustees), Nigel Paget was also a Trustee of
Christchurch Banstead. The Trust made a financial contribution to the Church in recognition of their
use of the Church premises as its registered and postal address and for the storage of archives.
Reserves Policy
The Directors, policy is not to accumulate available reserves unless deemed necessary or prudent prior
to making a commitment to new ministries, projects, staff or facilities.
A legacy of £289,192 was received in 2020/1. At the time, it was anticipated that additional
running costs, notably for the employment of staff, would be incurred in order to fulfil our partners,
needs for resources. To date, the Directors and the small team of volunteers have continued to
undertake all the work of the Trust. Nevertheless, the funds have continually reduced and, at 30th
June 2024, stand at £159,842, reflecting the Directors, desire to u* the funds to fulfil the Trust's
charitable purposes.
Risks
The Directors have considered the more significant risks to which the Trust is exposed, including
financial misfeasance, personal data securityi deliverability issues relating to W@w, the handling
and warehousing of stock, distribution agreements and the 'run-off' professional liability rlsk
relating to the former lifestyle counselling work.
The Report
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies and in accordance with the Statement of
Recommended Practice
Accounting and Reporting by Charities. The report complies with the
Memorandum and Articles of Association.
By Order of the Board
Revd Dr Paul Adams
Date:
141,,1107
## **Company registration number: 03063706**
## **Independent Examiner’s Report**
## **th Accounts for the year ended 30 June 2024**
## **Respective responsibilities of the Trustees and the Examiner**
The charity’s trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the Charities Act
to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
## **Basis of the Independent Examiner’s statement**
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 these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for 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 material matter has come to my attention which gives me cause to believe that in, any material respect:
Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 30[th ] October 2024
Signed: Stephen Hendy Data Developments (UK) Ltd First Floor, The Chubb Building Fryer Street Wolverhampton, WV1 1HT
5
**Company registration number: 03063706**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024**
|||**Unrestricted**|**Restricted Funds**|**Restricted Funds**||**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|---|
||**Notes**|**Fund**|**Book**
**Fund**|**Special**
**Projects**|**FUNDS**
**2024**||**FUNDS**
**2023**|
|||**£**|**£**|**£**||**£**|**£**|
|**INCOMING RESOURCES**||||||||
|Donations||38,742|8,122|||46,864|41,744|
|Investment Income||6,671||||6,671|3,660|
|**TOTAL INCOMING RESOURCES**||**45,413**|**8,122**|||**53,535**|**45,404**|
|**RESOURCES EXPENDED**||||||||
|Cost of Charitable Activities|||||-|-||
|Charitable Activities|1d|59,985|37,607|||97,592|79,737|
|Other Expenditure|3|4,063|-|||4,063|4,170|
|**TOTAL RESOURCES EXPENDED**||**64,048**|**37,607**||**101,655**||**83,907**|
|**NET INCOMING/OUTGOING**
**RESOURCES**||**(18,635)**|**(29,485)**||**(48,120)**||**(38,503)**|
|**TRANSFERS BETWEEN FUNDS**|7|(30,000)|30,000|||||
|**NET MOVEMENT IN FUNDS**||**(48,635)**|**515**|0|**(48,120)**||**(38,503)**|
|**TOTAL FUNDS BROUGHT FORWARD**||206,203|1,759||207,962||246,465|
|**TOTAL FUNDS CARRIED FORWARD**||**157,568**|**2,274**||**159,842**||**207,962**|
6
BeaconLFght
Company registration number: 03063706
BALANCE SHEET
FOR THE YEAR ENDED 30TH JUNE 2024
Unrestricted
Fund
Restricted Funds
Book
Special
Projerts
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Notes
Fixed Assets
Tangible Assets
Current Assets
Stock of Resources
300
300
300
Debtors and Prepayments
Cash at bank and in hand
3,809
159,759
920
4,729
161,341
3,750
208,690
1,582
Total Current Assets
163,568
2,802
166,370
212,740
Creditors: due within one year
6,000
528
6,528
4,778
NET CURRENT ASSETS
157,568
2,274
159,842
207,662
TOTAL ASSETS less current liabilities
157,568
2,274
159,842
207,962
Creditors: due in more than one year
NET ASSETS
157,220
2,274
159,842
207,962
FUNDS OF THE CHARITY
General Funds
157,568
157,568
2,274
206,203
1,759
Restricted Funds
2,274
TOTAL FUNDS
157,568
2,274
159.842
207,962
These accounts have been prepared in accordance with the speclal 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 2022 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 wlth 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.
th
Approved by the board of directors on 11 October 2024 and signed on their behalf by
Dr PN Adams, Executive Director
Date:
## **Company registration number: 03063706**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024**
## **1. ACCOUNTING POLICIES**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
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.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Incoming Resources with Related Expenditure**
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
## **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.
## **Stocks of Resources**
Almost all the charity's printed resources are distributed free of charge. A nominal figure of £300 has been included to reflect the possible income from resources sold.
## **Volunteer Help**
The Trust is heavily dependent on voluntary help. No value is attributed to this in the accounts.
## **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.
## **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.
## **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.
## **Expenditure**
This is shown on an accruals basis.
## **Charitable Expenditure**
This comprises all expenditure directly related to the objects of the Trust.
## **Fixed Assets**
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the charity on receipt.
## **Depreciation Expense**
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Furniture & Equipment 25%
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
8
## **Company registration number: 03063706**
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2024**
||**Unrestricted**|**Restricted Funds**|**Restricted Funds**|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|
||**Fund**|**Book**|**Special**
**Projects**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|**£**|
|**2. INCOMING RESOURCES**||||||
|**a) Donations and Legacies**||||||
|Donations|34,933|7,202|-|42,135|36,204|
|Gift Aid Tax Reclaimed|3,809|920|-|4,729|5,269|
|Trading Activities|-|-||-|271|
|Other Income|**-**|**-**|**-**|-|-|
||**38,742**|**8,122**|**-**|**46,864**|**41,744**|
|**b) Investment Income**||||||
|Interest from Investments|6,671|||6,671|3,660|
||**6,671**|||**6,671**|**3,660**|
|**4. RESOURCES EXPENDED**||||||
|**INCOMING RESOURCES**||||||
|**a) Charitable Activities**||||||
|Distribution costs of W@W|20,445|||20,445|6,068|
|Distribution costs of W@W (Urdu)|-|||-|6,100|
|Marketing|1,200|||1,200|1,399|
|General Printing|3,528|||3,528|225|
|CAF Fees|247|||247|191|
|Website/email|7,248|||7,248|13,389|
|Other IT costs|1,904|||1,904|415|
|CCK/TU Other Languages|19,613|||19,613|19,866|
|Pastoral Grant|5,800|||5,800||
|Sundries|-|||-|-|
|**Restricted Funds:**||||||
|_Book Fund_||||||
|Book printing and design: UK||17,435||17,435|10,750|
|Book printing and design: Overseas||3,062||3,062|5,009|
|Book purchases||1,427||1,427|1,331|
|_Inside Time_articles||5,788||5,788|6,202|
|Storage and Distribution||9,985||9,985|6,291|
|_Special Projects_|||||2,500|
|**b) Charitable Activities: Support Costs**||||||
|Subscriptions|285|||285|285|
|Insurance|469|||469|479|
|Administrative Support|3,046|||3,046|3,394|
|Governance Costs:||||||
|Independent Examination Fee|250|||250|300|
|Legal & Professional Fees|13|||13|13|
||**64,048**|**37,607**|**-**|**101,655**|**84,207**|
9
## **Company registration number: 03063706**
This page does not form part of the statutory financial statements.
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2024**
## **5. RESTRICTED FUNDS**
||Balance B/F|Income|Expenditure|Unrealised
Gain/Loss|Transfer|Balance C/F|
|---|---|---|---|---|---|---|
||£|£|£|£|£|£|
|**CURRENT FINANCIAL YEAR**|||||||
|Book Fund|1,759|8,122|37,607||30,000|2,274|
|Special Projects|-|-|-||-|-|
||**1,759**|**8,122**|**37,607**||**30,000**|**2,274**|
|**PREVIOUS FINANCIAL YEAR**|||||||
|Book Fund|1,357|4,485|29,583||25,487|1,759|
||**1,357**|**4,485**|**29,583**||**25,487**|**1,759**|
The restricted fund relates to the publication and distribution of books for prisons. The funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
## **6. INVESTMENTS**
The Charity held no investment assets during this or the previous financial period.
|||**Unrestricted**|**Restricted Fund**|**Restricted Fund**|**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
|||**Fund**|**Book**|**Book**
**Other**|**2024**|**2023**|
|**7. CASH AT BANK AND IN HAND**|**7. CASH AT BANK AND IN HAND**||||||
||Barclays - Current|965|1,582||2,547|3,104|
||Aldermore Bank|11,086|||11,086|29,600|
||Cambridge & Counties Bank|30,000|||30,000|40,000|
||Redwood Bank|50,000|||50,000|50,000|
||United Trust Bank|67,708|||67,708|85,986|
|||**159,759**|**1,582**||**161,341**|**208,690**|
|**8**.|.**DEBTORS AND PREPAYMENTS**||||||
||Gift Aid|3,809||920|4,729|3,750|
|||**3,809**||**920**|**4,729**|**3,750**|
10
## **Company registration number: 03063706**
This page does not form part of the statutory financial statements.
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 30TH JUNE 2024**
|||**Restricted Funds**|**Restricted Funds**||||
|---|---|---|---|---|---|---|
|||**Unrestricted**|||**TOTAL**|**TOTAL**|
|||**Fund**
**Book**|**Book**
**Special**||**2024**|**2023**|
||||**Projects**||||
|**9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**|**9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**|**9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||InterSend||528||528|401|
||Independent Examiners Ltd||||||
||Ben Desmond|5,750|||5,750|4,377|
||Data Developments|250|||250|300|
|||**6,000**|**528**|**0**|**6,528**|**5,078**|
## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial period.
## **11. STAFF COSTS AND NUMBERS**
The Charity did not employ any members of staff during this or the previous financial period.
## **12. CAPITAL AND RESERVES**
The Charity is a Company Limited by Guarantee (03063706) and it is a charity registered with the Charity Commission (1047046). It does not have a Share capital and has no income subject to Corporation Tax.
||**30-June 24**|**30-June 23**|
|---|---|---|
||**£**|**£**|
|Profit / Deficit for the financial year|(48,120)|(38,503)|
|Other Recognised Gains|**-**|**-**|
||(48,120)|(38,503)|
|Balance Brought Forward|207,962|246,465|
|Closing Funds|**159,842**|**207,962 **|
## 13. **TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or any persons connected with them during this or the previous financial period. No material transaction took place between the Charity and a trustee or any person connected with them.
## 14. **PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
11