## Lighthouse Christian Books and Café
## Trustees’ Annual Report
For the period 1[st] January, 2023 to 31[st] December, 2023
Charity name: Lighthouse Christian Books The charity’s previous name: New Creation Christian Book Registered charity number: 1063924 Charity's address: Lighthouse 13 Bampton Street Tiverton Devon Postcode: EX16 6AA Phone Number 01884 255769 Email Address office@lighthousetiverton.org.uk Web-site www.lighthousetiverton.org.uk
## **Names of the charity Trustees who managed the charity during the period:**
**Trustee name Office (if any)** 1 Mrs Holly Haig 2 Mr Rikky Apps Treasurer
- 3
4 Mrs Val Bloxham
- 5 Mr Pete Bangs (from July onwards)
## **Major changes made during the year**
Pete Bangs was appoint as a trustee.
Page 1 of 8
**TAR – 2023**
## Lighthouse Christian Books and Café
## Trustees’ Annual Report
For the period 1[st] January, 2023 to 31[st] December, 2023
## **Structure, governance and management**
The Trust’s governing document is a Trust Deed dated 12[th] June, 1997 as amended on 9[th] December,
The overall management of the charity is carried out by the Trustees while the day-to-day running is carried out by the shop’s manager, and when we have one, the deputy/café manager.
The trustees are responsible for:
- 1 managing the assets of the Trust, which include the furnishings and equipment in the shop, café, kitchen, office and storage areas;
- 2 the lease and liaising with the landlords about responsible for external repairs to the property);
- 3
- 4 financial resources.
- The manager and deputy/café manager are together responsible for:
- 1 the day to day running of the Trust’s business;
- 2 stock control;
- 3 supervising the team of volunteers.
The shop’s manager deals mainly with the book shop while the deputy/café manager deals mainly with
of the building.
Page 2 of 8
**TAR – 2023**
## Lighthouse Christian Books and Café
## Trustees’ Annual Report
For the period 1[st] January, 2023 to 31[st] December, 2023
and fellowships, Sunday Schools and Youth Fellowships; as an outreach to the people of the area and to spread the Gospel (Good News) of Jesus Christ to the general public.
It fulfils these aims by running a book shop and café in Tiverton, which is normally open five and a half days a week.
DVDs that have been donated.
The café supplies hot and cold drinks, all day snacks and light lunches. Most of the food is prepared and cooked on the premises. As well as an in-doors seating area, there is the _**Harbour**_ , a courtyard behind the shop, which can be used by the café’s customers when the weather is suitable.
other events, when invited, to provide a stand selling books and other goods.
There is a _**Room Downstairs**_ which is available for individuals or groups to use, free of charge. It is used
provides an overflow area for the café.
sanctuary and place of refreshment for body, mind and spirit, a place of prayer, an outlet for Fairtrade
Page 3 of 8
**TAR – 2023**
## Lighthouse Christian Books and Café
## Trustees’ Annual Report
For the period 1[st] January, 2023 to 31[st] December, 2023
## **Achievements and performance**
## **Summary of the main achievements of the charity during the year:**
hoped would be a more normal year. And it turned out to be so.
Following Grace’s (the deputy manager) move to work for the Exeter Diocese the previous year and the failure to fill the vacant post, it was decided to close the shop on Mondays to give Penny, our salaried manager) a day off. We were finally able to appoint a new café manager in March which allowed us to return to opening five and a half days a week again.
Over the year we showed a financial improvement over the previous year by reducing our overall losses from £11,813 to £4,592. This was mainly due to an increase in trading revenue of nearly £3,000 and an increase in donations of[just][over][£3,400][and][a][decrease][in][our][outgoings][of][ £170.][The][full][accounts][are] set out on pages 7 and 8.
We were able to meet the deficit out of the charity’s reserves. The trustees thank God that in previous
He will provide for our financial needs, but we also realise that we have a responsibility to make sure that the business is run as efficiently as possible.
beyond what they are employed to do. And we also give thanks to the many volunteers who help in so
Next, we give thanks to the many local people who support us by using the book shop and café, giving
Lighthouse for the last 36 years, providing all our needs.
Page 4 of 8
**TAR – 2023**
Lighthouse Christian Books and Café
## Trustees’ Annual Report
For the period 1[st] January, 2023 to 31[st] December, 2023
## **Financial review**
## **Brief statement of the charity’s policy on reserves:**
As part of their area of responsibility, the Trustees have established a Reserve Policy requiring reserves of approximately six months expenses, and this has been calculated as £25,000.00.
At present the charity has excess of this in its reserves.
## **Details of any funds materially in deficit:**
This is not applicable as accounts are prepared on a Receipts and Payments basis.
The Trustees declare that they have approved the Trustees’ report above.
Signed on behalf of the charity’s Trustees
Signature:
Richard Apps Full Name: Position: Trustee – Treasurer Date: 19[th] September 2024
Page 5 of 8
**TAR – 2023**
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIGHTHOUSE CHRISTIAN BOOKS AND CAFÉ
I report on the accounts of the charity for the year ended 31 December 2023 which are set out on pages 7 and 8.
## **Respec�ve responsibili�es of trustees and examiner**
The charity’s trustees are responsible for the prepara�on of the accounts. The charity’s trustees consider that an audit is not required for this year under sec�on 144(2) of the Chari�es Act 2011 (the 2011 Act) and that an independent examina�on is needed.
It is my responsibility to:
- examine the accounts under sec�on 145 of the 2011 Act;
- follow the procedures laid down in the general Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the 2011 Act; and
- state whether par�cular ma�ers have come to my a�en�on.
## **Basis of independent examiner's report**
My examina�on was carried out in accordance with the general Direc�ons given by the Charity Commission. An examina�on includes a review of the accoun�ng records kept by the charity and a comparison of the accounts presented with those records. It also includes considera�on of any unusual items or disclosures in the accounts, and seeking explana�ons from you as trustees concerning any such ma�ers. 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 ma�ers set out in the statement below.
## **Independent examiner's statement**
In connec�on with my examina�on, no ma�er has come to my a�en�on:
1. which gives me reasonable cause to believe that, in any material respect, the requirements to keep accoun�ng records in accordance with sec�on 130 of the 2011 Act; and
to prepare accounts which accord with the accoun�ng records and comply with the accoun�ng requirements of the 2011 Act have not been met; or
2. to which, in my opinion, a�en�on should be drawn in order to enable a proper understanding of the accounts to be reached.
John Anderson BA CPFA 21[st] October 2024
Meadowside High Street Halberton Tiverton EX16 7AG
Page 6 of 8
**LIGHTHOUSE CHRISTIAN BOOKS AND CAFÉ** Reg Charity No: 1063294
**RECEIPTS AND PAYMENT ACCOUNTS - 2023**
## **RECEIPTS AND PAYMENTS ACCOUNT – 2023**
|1 January, 2023 to 31 December, 2023
**Receipts**
£
£
Sales
Goods – General
18,318.10
Goods – Bibles
1,225.77
474.80
Second-hand Books
1,076.04
Vouchers (net)
-81.24
21,755.68
42,769.15
Donations
11,088.19
Grants
0.00
Other Income
125.00
53,982.34
Interest
HSBC
618.97
Barclays
0.00
618.97
TOTAL RECEIPTS
54,601.31
**Payments**
£
£
Purchases
Bookshop
12,573.95
Café
3,392.55
15,966.50
Merchant Services charges
495.70
Gifts/Adverts
395.00
Insurances
1,081.11
Print, Stationery and Postage
157.28
Rent
10,749.96
Repairs, Renewals and Capital Outlay
1,939.11
Employee costs
24,712.91
Utilities
Electricity Supply
961.30
Gas Supply
756.59
Phone and Internet
609.65
Water Supply
338.16
Business Rates
169.16
2,834.86
Subscriptions and Licences
254.07
Sundries
126.80
Administration
308.18
Bank Charges
171.95
TOTAL PAYMENTS
59,193.43
**Surplus/Deficit**
£
Total Receipts
54,601.31
Total payments
59,193.43
TOTAL SURPLUS/DEFICIT
**-4,592.12**
Goods – 3rdWorld
Café|_1 January, 2022 to 31 December, 2022_|
|---|---|
||
_£_
_£_
_18,596.38_
_2,109.51_
_2,110.37_
_1,094.44_
_15.50_
_15,857.59_
_39,783.79_
_7,679.47_
_0.00_
_18.05_
_47,481.31_
_68.75_
_0.00_
_68.75_
_47,550.06_
_£_
_£_
_14,737.99_
_2,872.35_
_17,610.34_
_545.16_
_400.00_
_1,134.50_
_224.13_
_10,749.96_
_1,513.51_
_23,853.09_
_872.13_
_503.49_
_422.97_
_302.85_
_282.80_
_2,384.24_
_227.54_
_261.99_
_287.53_
_171.03_
_59,363.02_
_£_
_47,550.06_
_59,363.02_
**_-11,812.96_**|
Page 7 of 8
**LIGHTHOUSE CHRISTIAN BOOKS AND CAFÉ** Reg Charity No: 1063294
## **RECEIPTS AND PAYMENT ACCOUNTS - 2023**
## **MEMO: TRADING ACCOUNT**
||1 January, 2023 to 31 December, 2023
£
£
Sales
42,769.15
Cost of Sales
Opening Stock
5,500.00
Purchases
15,966.50
Closing Stock
5,250.00
16,216.50
**Gross Profit**
**26,552.65**
Margin
[profit as a percentage of 'cost of sales']
163.74%|_1 January, 2022 to 31 December, 2022_|
|---|---|---|
|||
_£_
_£_
_39,783.79_
_5,500.00_
_17,610.34_
_5,500.00_
_17,610.34_
**_22,173.45_**
_125.91%_
_£_
_£_
_6,538.12_
_0.00_
_6,538.12_
_44,081.00_
_0.11_
_281.44_
_50,900.67_
_5,500.00_
_200.00_
_5,700.00_
**_56,600.67_**
_0.00_
**_56,600.67_**
_62,713.63_
_-11,812.96_
_50,900.67_
_as at 31_
_st December 2022_|
||||
||**ASSETS & LIABILITIES**
**ASSETS**
£
£
HSBC Current Account
4,083.24
Less - cheques not presented
0.00
4,083.24
HSBC Deposit Account
41,699.97
Barclays Bank Savings Account
0.00
Petty cash (Cash retained)
525.34
**Total Cash**
[see reconciliation below]
46,308.55
Stock
Book Shop
5,250.00
Coffee Shop
200.00
5,450.00
Total Assets
**51,758.55**
**LIABILITIES**
Creditors
0.00
**Net Funds**
**51,758.55**
**CASH RECONCILIATION**
Cash brought forward
50,900.67
Cash Movement
-4,592.12
Cash Carried forward
46,308.55
as at 31
stDecember 2023||
**Prepared by Rikky Apps Trustee 22 August, 2024**
Page 8 of 8