Charlty Reglstratlon No. 1070700 Lighthouse - Ely Annual report and unaudited financial statements For the year ended 31 March 2024
LIGHTHOUSE - ELY LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Comell J Okoye A Oguguo Charlty number 1070700 Independent examiner The MHH Portnership Elstree House Wotson's Yard High Street Cottenham Cambridge CB24 8RX
LIGHTHOUSE - ELY CONTENTS Page Trustees, report statement of trustees. responsibilities Independent exominerfs report statemenl of linonciol activities Balance sheel Notes to the financial statements 8- 16
LIGHTHOUSE - ELY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees presenl their annual report and financial statements lor Ihe year ended 31 March 2024. The Charity was established by Trust Deed on 3 November 1997 and is registered with the Charity Commission. During Ihe financial year 200718 charity Ely Christian Fellowship Trust Iregislered number 293691 I w05 merged with all assels and liabilities being transferred to chority 1070700 River of Life. Subsequently River ol Life chonged its charitable nome to Lighthouse-Ely - retoining its charitable number Icharity no 10707001. These changes have oll been registered with the Charity Commission ond recorded on the central register of Charities. Objecllves and actlvltles The objecls of the Trust ore-. a. To administer property in the furtheronce of the Christian faith or any charitable work b. To support ony work which.. Furthers educotion Advances Christian Foith Provides relief for the poor and needy Helps comfort the sick and oyged The Lighthouse Centre. locoted al 13 Lynn Road in Ely, Cambridgeshire. 5tonds 05 a vitol Source of hope and SUPPOrt for individu015 and fomilie5 within our community. This welcoming locilily is home to the Lighthouse Church. which serves os a spiritual haven for worship and fellowship. Addilionolly, the Centre hos15 a food pantry, providing essential provisions lo those in need, ensuring that no one laces hunger or hardship alone. Among its many initiatives, the Centre is proud to sUPPOrt LuvEly charity, which focuses on empowering disadvantoged individu015 and fostering a sense of dignity and 5ell-worth. Furthermore, the Lighthouse Centre offers a diverse array of project5 and programs. including vorious support group5 that coter lo different needs, from mental health to family 5UPPOrt, allowing members ol our community to lind solace, connection. and understanding. The Trust that oversees the Lighlhouse cent is deeply committed to fulfilling its inspiring vision and mission. It employ5 0 ronge ol thoughtful and elleclive strategies to achieve ils objectives, all while odhering lo the Charity Commission's guidelines on public benefit. The Iru5tee5 are dedicoted to consistently enhancing the Trust's posilive impact on the public ond the brooder community. By priorilizing oulreoch and inclusivity. they strive to ensure that the Centre not only Serves 05 a ploce of refuge bul also as a catalyst lor growth. empowerment, and social chonge. The trustees hove paid due regard to guidance issued by the Charity Commission in deciding whal activitie5 the charity should underloke.
LIGHTHOUSE - ELY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance The charity continued to carry out its core objectives throughout the yeor with activities continued both in person and its online presence on social medio websites, Lighthouse continues ils oims to reach out with inspirational messages to anyone seeking or wishing to grow in the Christian faith. Lighthouse offers access via severol methods inclvding YouTube, Facebook ond In5tagram. The Trust continues to build on the firm foundations already established and is oPNays looking for ways lo improve ond ougment the focilitie5 and opportunities lo demonstrate the love of God to all. Lighthouse is dedicated to its mission of serving vulnerable individuals and families locing economic hardships. It octively distributes a variety of essential items. including food and clothing. lo those living on low or no income. In addition to these services, Lighthouse operates night shelters that provide a crucial hoven for the homeless. ensuring they have a warm ond secure ploce to spend the night. The chority ploces a strong emphasis on community outreach. with speciolised progroms designed to support young people. parent5 wlh young children, and teenagers. These initiatives not only help address immediole needs but olso empower the youth. offering them opportunities for personal development and engogement Within this dynomic community hub, the Luvely charity ploys a vital role in fostering connections omong various age groups. It operates sociol clubs and lunch programs tailored lor older odulls. creoting a welcoming environmenl where seniors con gather, share experiences, and build friendships. As an independent charity, LuvEly is instrumental in bridging generolional gap5 and promoting inclusivity within the community. Furthermore. the Lighthouse Serves 05 an e55entiol resource lor community wellbeing. offering a sale und welcoming space lor vorious activilies. It olso provides o plotlorm for individuals to report hote crimes. ensuring that everyone in the community feels secure ond supported. Through these efforts. Lighthouse and LuvEly charities together conlribvte significantly to enhancing the quolity ol life lor all community members, fostering o nurturing ond supportive environment. Actlvltles vndertoken whlch can be classed as 'publlc beneflt, Christian teaching to children ond advlts has opplicolions in all ore05 of life and relationships. A winter night shelter was set up just in case ol extreme weather provision in conjvnction with the local authority. A ponlry ond o food bank provide food ond clothing to people in times ol need. Home pocks were given to people entering the local h05tel some fleeing domestic violence. Community Cook Club is a Iree weekly club lor people lo come cook ond eot together. Free meals ond 5UPPOrt for all those in need. Food donations are loken ond given lo local families. Community hub drop-in and ovtreach to the isololed and vulnerable. A Iow-c05t venue for Weddings and funerals. Support those displaced bywar (for example Ukrainel. Low-cost or free cognitive counselling when needed. Feeding the communily with hot meo15 at Ihe worm hub. Youth work for the benefit ol secondary school-age children. ollering inlormol educolion. Summer programs ond school holidays Wlth activities for the communily. Working with elderly people who are isolated and vulnerable through social interaction, providing hot meals and inlomal education. Support groups specifically for men to allow spoce to talk ond old in mental heollh. Ladie5 groups for social engagement and holistic care.
LIGHTHOUSE - ELY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew Support lor outreach. evangelism and ministry are core purp05es of Ihe Trust Ihey remoin o high priorily for funds. The principle applied is thol individuol courses & events should cover costs wherever possible and that fund5 should be invested with that hope. The Board of Trustee5 IS 50tislied that the charity'5 assets are available and odequate lo Ivlfil its obligations. Pollcy on reservesThe Trustees have resolved to establlsh reserves lo provlde for future ocllvlties. The policy on reserves is Ihot the existing assets are retoined to produce income which is wholly utilised to support esting octivities. There is no intention in the long term to either increase or reduce the capital held. Lighthouse oims to hove in place 3 months ol expenditure kept in reserve. This policy is justified in that il is nece5SOry to preserve income al the present levels to maintain the activities of the charity. The Trustees ore olso conscious that the buildings require maintenance and repair, some re5erve5 are being put aside lor necessary works and specific donations go into a restricted fund thot ha5 olso been estoblished lor this purpose. Support lor outreach, evangelism and ministry are core purposes of the Trust they remain a high priority lor fund5. The principle opplied is that individual course5 & events should cover costs wherever possible ond that lund5 should be invested wth thot hope. The Boord of Trustees is satisfied that the charity's assets ore available and adequate to fulfil its obligations. The trustees have as5e5sed the major risks to which the charity is exposed, and are 5o115fied that Systems ore in ploce to mitigate exposure to the major risks. The trustee ' report was approved by the Board ol Trustees. G Comell Trustee Dated..
LIGHTHOUSE - ELY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Law applicable to Charities in England and Wales require5 the Board of Trustees to prepare linoncial statements lor each financiol yeor which give a true and fair view ol the charity's linonciol oclivities during the year ol ils finonciol position al the end ol the financiol yeor. In preparing these finonciol statements giving a tnJe ond fair view, the Board ol Trustees should follow best practice and:_ Select suitable accounting policies and then apply them con515tent Make judgments ond estimotes thot ore reosonoble and prudent Stale whelher applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements Prepare the financial statements on the ongoing concern basis vnle5S It is oppropriote to presume thot the Charity will continue to operate. The Trustees ore also responsible lor keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enoble them to Qscertain the financial posltion of the chority and enoble them to ensure thot the finonciol statements comply wth the requirements ol opplicoble law and regulations. They are also responsible lor safeguarding the ossels ol the charity and hence lor toking reasonable steps lor prevention and detection of fraud and other irregularities.
LIGHTHOUSE - ELY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIGHTHOUSE - ELY I report to the trustees on my examination ol the financial slotements of Lighlhouse Ely Ilhe chorityl for the year ended 31 March 2024. Responsibilltles and basls of report As the trustees of the charity you ore responsible lor the preparation of the financial statements in occordance with the requirements ol the Chorities Act 2011 Ithe 2011 Acti. I report in respect ol my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In corrying out my examination I hove followed all the applicable Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlnerfs statement Since the chority's gross income exceeded £250.000 your examiner must be a member of o body listed in section 145 01 the 2011 Act. I confirm that l am quolilied to undertake the examination because l am a member ol ACCA, which is one of the listed bodies. Your attention is drawn to the fact thot the charily has prepored finonciol slolements in occordonce with Accounting and Reporting by Charities preporing their accounts in accordance with the Financial Reporting Standard applicable in the UK ond Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Chorities.. Statement of Recommended Proclice issued on l April 25 which is referred to in the exlont regulations but has now been withdrawn. l understand that this has been done in order for finonciol statements lo provide a true and foir view in occordonce wilh Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. I have completed my examinotion. I conffrm that no motter5 have come lo my attention in connection with the exominotion giving me cause to believe thot in ony moleriol respecl.. occounting records were not kept in respect ol the charity as required by seclion 130 of the 2011 Act.. or the linanciol statements do not accord wlh those records; or the finonciol statements do not comply with the applicable requirements concerning the form and conlenl ol accounts Set out in the Choritie5 IAccounts and Reports1 Regulotions 28 other than ony requirement that the accounts give a true and fair view which is not o malter considered as part ol an independent exominotion. I have no concerns ond have come across no other matter5 in connection with the examination to which attention should be drown in this report in order to enoble o proper understonding ol the linonciol 5totements to be reached. Mr Hayden Watson FCCA The MHH Partnership Elslree House Watson's Yord High street Cottenhom Combridge CB24 8RX Dated.. 23.. Jan.y.a.ry. 2025
LIGHTHOUSE - ELY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds 2024 Restrlcted funds 2024 Total Unrestrlcled funds 2023 Re$trl¢ted funds 2023 Total 2024 2023 Notes Income from: Donotions ond legacies Charitable activities other trading activitie5 Investments 117.164 5.899 20,602 22 137.766 5.921 91.697 6,095 113.434 27.473 119,170 6.095 113.434 112 231 231 Total Income 254.413 20.624 275.037 211.338 27.473 238.811 Expendlture on: Choritoble octivities 272,789 18,045 290.834 256,154 27,592 283,746 Total expendllure 272.789 18.0 290,834 256.154 27.592 283.746 Nel Income/{expendllure) 118,3761 2,579 115,7971 144,8161 144.9351 Tronslers between funds 16681 668 l(K),100 1100,IC(Ji Net movement In funds 119.0441 3.247 115,7971 55.284 I1.279] 144.9351 Reconclllatlon of funds-. Fund balonce5 Qt l April 2023 108.675 215.520 324.195 53,391 315,739 369,130 Fund bolances ot 31 March 2024 89.631 218,767 308.398 108.675 215.520 324.195
LIGHTHOUSE. ELY BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Nolol Flxed assets Ton9ible 0s5ets 396,564 402,713 Current assels Deb1or5 Cosh al bonk and in hand 12 25.475 25.517 23.146 54.039 50,992 Credttork amovnts fqlling due wllttln on• year 77,785 14 120.7041 121,6501 Net CL¥renl assets 30.228 56.135 Total as5•ts le ¢mnl Ilobllllles 426,792 458.848 Cthdtlorn. amounts falllng dve aft•T morè Ihan onè ye 15 11182941 1134,6541 Nel o¥ets excludlng penslon Ilpbllty 308.398 324.194 Net ossels 308,398 324.194 The funds of Ihe ¢harfty RestDcled income fund5 Unrestricted funds 74 218.767 89.631 215.520 ICQ.675 308.398 32t&195 Wamlng.. Support and g¢vemon¢e c05110 reallo¢ole (5000 codes mvjl balance lo nllto bolofice BSJ Warnln9." Balonce sh•el nel 03sets da not equal equlfy. Oflhere Is a suJpen5e balance. The finoncid stotements were approved by the Iw51ee5 On......................... J Okoye Tryee
LIGHTHOUSE - ELY BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 Income from donatlons ond legacles Unrestrlcted funds 2024 Re5tr1cted funds 2024 Total Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2024 2023 Donations and gifts Grants received and released 117,164 20,602 137,766 91,697 22.473 114.170 5.000 117,164 20.602 137.766 91,697 27,473 119,170 Donallons and gllls Other 117,164 20,602 137,766 91.697 22,473 114,170 117.164 20.602 137.766 91,697 22,473 114,170 Grants recelvable for core acllvltles Other 5,000 5.000 5.000 5,000 The Board of Trustees, consider that, in order lo comply wlh cuThent legislation. gilts of tangible fixed assets or gront5 01 a capilal nolure given for o specific purpose ond fully ulili5ed in the furtherance ol the objects of the chorily Should be credited to Ihe relevont fixed ossel fund olter the sums have been properfy expended on the restricted purpose. The related assets are shown in the balance sheet ot the full cost of ocqvisilion ol subsequent revaluotion. 11 the reloted assets are subject to restrictions by the gront making orgonisation on their use ond disposal, then these restrictions are noted in the fixed asset section ol these accounts. The gront received to finance the renovation of the "Garage Activity Block 15 in the form of an I l-year loon. which is being written off by the grant provider over the I l-year period.1£41,702 w05 written off in 2011, and the remoining £1 00,OCO is to be written off equolly over the remaining l O years. This has been fully releosed. Income from charltable actlvllles Unrestrlcted funds 2024 Reslricted funds 2024 Total Unrestrlcted funds 2023 Restrlcled funds 2023 Total 2024 2023 Parent & toddler and children and youth evenls income 5,899 22 5.921 6,095 6,095
LIGHTHOUSE - ELY BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 Income from other tradlng actlvllles Unrestrlcted funds 2024 Unrestrlcted funds 2023 Sundry income Rental income 34.979 96,140 12,590 I CK).844 Activities for generoling funds 131 119 113,434 Income from Investments Unrestrlcted funds 2024 Unrestrlcted funds 2023 Interest receivoble 112
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LIGHTHOUSE - ELY BALANCE SHEET (CONTINUED) AS AT 37 MARCH 2024 Support costs Support costs Governance costs 2024 2023 Basls ol allocotlon E51oblishment Costs Repairs & Maintenance Office Expenses Cleaning Advertising & Promotion Legal & Professional Fees Finonce chorges Sundry costs Training 24,998 17,195 11,643 2.388 244 150 9.841 1,468 12001 24,998 17,195 11,643 2.388 244 150 9.841 1.468 12001 15,163 11,264 13,807 4.983 2.962 8.946 826 4,251 Independent Examinolion 2,21Y2 2,202 1,891 Govemance 67.727 2.202 69.929 64.238 Anolysed between Charitable activities 67,728 2,202 69,930 64,238 Net movementln funds 2024 2023 Net movement in funds is stated ofler chargingllcreditingl Depreciotion of owned tangible fixed assets 6.149 6.181 Trvstees Remunerotion was paid to trustee5 or persons connected to them as follows.. Mr G Cornell Mrs R Cornell £37.748 £24.642 The above figures include Employers Nationol Insurance and Employers Pension costs. No other expen5e5 were paid to Trustee's. Employees The overage monthly number of employees during the year was.. 2024 Number 2023 Number Charitable activities 12-
LIGHTHOUSE - ELY BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 Employees (Contlnued) Employment costs 2024 2023 Wages ond 501aries 162.155 163,602 There were no employees whose annual remuneration was more than £60.000. l O Taxatlon The chority is exempl from taxation on its activities becouse all its income is opplied for choritable purposes. Tanglble fixed assets Freehold landother Equlpment Audlo & Musleol und bulldlngs Eqvlpment Tolal Cost At l April 2023 606.133 62.482 21,331 689,946 At 31 March 2024 606,133 62.482 21.331 689,946 Depreclatlon and Impalrment At l April 2023 Depreciation chorged in the yeor 217,884 4.844 48.020 1,305 21.329 287.233 6,149 At 31 March 2024 222,728 49.325 21.329 293,382 Carrylng amount At 31 March 2024 383,405 13,157 396.564 At 31 March 2023 388.249 14,462 402.713 Revaluotlons of Flxed Assets The freehold lond and building5 ore stoted ol o volualion arrived ot by o proles5ionolly quolilied firm of valuers. Word, Howlett Rowlatt. who volued the o5sels on the basis ol open market value in current Use in November 2002. The trustees hove decided to carry the property al the revoluotion value rother than the original costs. The addilionol depreciolion charge cou5ed by the revaluotion will be released from the revolualion reserve to General Unrestricted Funds each year. The trustees have not hod the properly revalued Since that date, bul ore hoppy that the volue5 Shown ore not inflated above market value. 13
LIGHTHOUSE - ELY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 12 Debtors 2024 2023 Amounls lalllng due wlthln one year: Trade debtors Other debtor5 Prepayments ond occrued income 7.060 16,112 2,303 5.595 17,232 319 25,475 23,146 13 Loans and overdrafts 2024 2023 Bonk loans 130,098 146,358 Payable within one year Payoble ofter one yeor 11.704 118,394 11.704 134,654 14 Credllors- amounts falllng due wllhln one year 2024 2023 Notes Bank loans other taxotion and social security Deferred income Trade creditors other creditors Accruols ond deferred income 13 11,704 1.954 11.704 2,197 410 702 4.641 1.996 1,792 3.354 1.960 20.764 21.650 15 CTedltors'. omounls falllng due after more Ihan one year 2024 2023 Noles Bank loans 13 118.394 134,654 14-
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LIGHTHOUSE - ELY BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 17 Unresfrlcted funds The unrestricted funds of the charity comprise the unexpended balonces of donotions ond gronts which are not subject to specific conditions by donors ond grontors os to how they moy be used. These include designated fund5 which hove been set aside out of unrestricted funds by the trustees for specific purposes. Al T Aprll 2023 Incomlng resources Re50urce5 expended Tronsfers At 31 March 2024 Generol funds 108,675 254.413 1272.7891 16681 89,631 Prevlous year: Al l Aprll 2022 Incomlng resources Resources expended Transfers At 31 March 2023 General funds 53.391 211.338 1256.1541 100,Ic 108,675 18 Reloted party transactlons There were no disclosable related party transactions during the year12023- none). 16-