REGISTERED COMPANY NUMBER: 03761952 (England and Wales) REGISTERED CHARITY NUMBER: 1084792 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 FOR LIGHTHOUSE ON THE MARSH (A COMPANY UMThED BY GUARANTEE) Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers Rye East Sussex TN317U
LIGHTHOUSE ON THE MARSH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Page Report of the Trustees Independent Examiner's Report ststement of Financial Activities Balance Sheet 9 to 10 Cash Flow Statement li Notes to the Cash Flow Statement 12 Notss to the Financial Ststements 13 to 18 Detalled Statement of Flnanclal Actlvltles 19 to 20
LIGHTHOUSE ON THE MARSH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 The trustees who are also directors of the charity for the purposes of the Companies Art 2006, present their report with the financial statements of the charity for the year ended 31st July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and aims The Objectives of the Charity are" The advanment of education. in particular but not exclusively, by the provision of courses in Infomiation Technology and Computer Literacy, and; the provision or assistance in the pmvision of facilities for recreational and leisure time occupation in the interests of social welfare for the benefit of the inhabitants of Romney Marsh and the surrounding area. Our Aims and Priorities are" l. To deliver quality teaching, leaming and support, leadlng to successful outcomes for all leamers. 2. To deliver innovative and responsive services based on solid evidence of need. in particular through the development of specialist trauma informed psychoeducation and well-being activities that help people for whom mainstream services, educatlon and training are not designed, to progress In Ilfe. 3. To invest in facilities, services and staff and maintain a sound financial base, dellvering outstanding value for money. 4. To work In partnership with other organisations to benefit the communlties of the Romney Marsh. Slgnlflcant activities A huge amount has been achieved over the past twelve months and the Trustees are incredibly grateful for the focused efforts of the leadership team and the commitment and talent of all staff. Whilst the following statement and the report Itself, hlghllght the exceptional progress made by the organlsatlon, we feel it important to highlight that the comblned efforts of all of our colleagues are the true key to our success. During the reporting period the most significant change has been the renamlng and rebranding of the Charity from the 'Romney Resource Centre, {RRC) to 'Llghthouse on The Marsh, (LOTM). Making this change, In the summer of 2023, signalled the confidence that the charity now has in its understanding of the needs of the community it serves; and the abilities of its staff team to deliver the range of services that meet those needs, to an excellent standard; with a clear financial and fundraising plan in place to sustain them. The name itself reflects the landscape and place where we are as a community. the consistency, reliability, strength and rtaInty that clients require to engage with our services when they are facing deeply challenging circumstance5- as well as offering the hope of a brighter, safer future. Public benefit In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and in particular to its supplementary public benefit guidance. Pa9e I
LIGHTHOUSE ON THE MARSH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 ACHIEVEMENT AND PERFORMANCE Charitable activltles Educatlon Lighthouse College Lighthouse on The Marsh (LOTM) delivers its education programme for young people (aged 16 - 18 or 19 24 with and EHCP) through 'Llghthouse College,. It is recognised as an early adopter of a Trauma Informed Approach (TIA) to education delivery and is a deslgnated Specialist Post-16 Institutlon under Section 41 of the Children and Families Act. Attendees require specific support relating to trauma, social and emotional difficulties and mental health challenges with associated needs. Core funding for education delivery is through the DfE and additionally through KCC who continue to recognise and support the crucial work that is belng dellvered by the College with increased funding through commlssloned places and higher needs fundlng. The Young People who enrol on the programme have previously become dlsengaged from mainstream educatlon and so face slgnlflcant obstacles to progressing in life through existing systems due to the layers of need that have not been addressed. Many come from the hardest to reach and most vulnerable parts of the community. The curriculum design, leaming environment and specialist staff combine to create an ecosystem that supports personal growth, acceptance and space to explore the future as a positive outcome. Dellvery Is focussed on provldlng life and work skills through mentoring, counselling, speclallst Interventions, workshops and actlvlties including work placements and transition to progression support; maths and English sessions aim to give students the skills necessary for the real world as well as to gain GCSE or Functional Skllls quallflcatlons. In the 2023 - 2024 academic year, the college engaged with 25 learners from the Romney Marsh and wider Folkestone and Hythe, and Ashford districts. Learners achieved qualifications in English and maths and made progress towards personal goals wlth the majorlty enterlng further education, training or employment. Ughthouse College Students have said: "I feel safe here as the staff are nice to me. I feel better here because at my previous school there wa5 $0 much pressure on me, and I felt unheard. I would recommend this college because it's a nice environment. 'The staff actually get to know you and listen, whereas other colleges and schools just teach. I pfer it here over other colleges. I love the dogs and all the staff. It is a great Pla to learn but also socialise. "I've galned more confldence here and I feel as If I've also galned some life skills. I love the stsff for helping me out as much as they can and pushing me to my full potential. Some of my friends struggle with everyday school Ilfe and they would progress if they were here. "I feel safe in this college because everyone is nice and caring and also trustworthy" "Llghthouse College has boosted my soclal confldence and made me meet some very sweet people and be hopeful for my futu. I feel supported. I'm starting to accept and find myself more. Post-16 Wrap-around A Crucial part of our work with the young people at the college is the extra-curricular wrap around care and clubs. These include games, breakfast, cookeryi art and gardenlng and represent both an opportunity for the young people to learn vital life skills and a chance to partlcipate in fun therapeutic activities with a caringi attentlve and trauma informed team. Activities are used as a way to model healthy behavlour5 and relationships and as a time to talk with the young.people about the things that they are struggling with or that mlght be troubllng them. It also increases the amount of time that the young people are in our care; safe, warm and with their basic needs met. 'I look forward to ACE every week, we often do a wide variety of creative subjects such as pencll, palnts and chalks, we also explore creative thinking" Page 2
LIGHTHOUSE ON THE MARSH REPORT OF THE TRusfEES FOR THE YEAR ENDED 31sr JULY 2024 Counselling Fifteen hours of counselling is made available per week for young people and is utilised for both one to one and group work. The impact of this work is very significant and can be transfomiative in the life of a young person who may otherwise feel that their Vol should not be heard, that their struggle and pain is unimportant and that the is no hope of making any changes through their own actions or understanding of their mental health. Understanding and organising thoughts is critical to development; counselling offers the space to explore these things and develop tools to sustain the practise into adulthood and supports positive outcomes in education and employment. SEND Service Our SENO Service is a one stop shop for parents, carers, family members and professionals to go to gain a better understanding of Special Educational Needs and Disabilities (SEND) through information, advi and guidance, and to receive support through advocacy and mediation services where applicable. In the last twelve month5, the service has helped over 300 families through one to one support and peer groups. In response to identified themes of need we set up 3 support groups and a stand alone drop in service to allow families to come together to discuss challenges, meet with experts and share solutions as well as to reduce the sense of isolation that so many of our clients feel Support groups for parents have covered topics such as: Violent and Challenging Behaviour, Special Guardianship Orders, Eating disorders, and Hearing Impaimient. The team have had contart with over 20 schools in the Marsh, Folkestone and Ashftjrd areas and worked with and had referrals from Early Helpi Social seiCe$, Ashford Rural PCN, and Lenworth Clinic as well a5 a number of schools. Parents have said: "l just wanted to say a huge thank you to you for your time and expert advlce. l am so much better informed now and we have a much clearer idea of what we need to do to get our chlld the support he needs. Your support Is very much appCIated. 'It is refreshing to speak to someone who gets It. Thank you so much for talking to me. It means such a lot. Thank you for all your help and for helping all those parents out there." "Your recommendatlons are really clear and useful and you have provided me with good points to consider that I had not prevlously. This has really helped to decrease my "overwhelm" and create a focus for moving fornard." The Re-set Programme The Re-set Programme was launched in September 2022 to address the large number of challenges to adult mental and physical wellbeing that were identified locally. The Programme's naissance and design was inspired by the organisational leaming derived from almost fifteen years of delivering specialist education provision for young people living with social, emotional and mental health challenges which, in the main, sult from the experience of Adverse Childhood Experien (ACES). Re-set is designed with the understanding that a vast number of adults carry the unprocessed trauma of their childhood with them into later life, to the detriment of their mental and physical health, wellbeing, educational and socio-economic outcomes. It combines psychoeducation with a menu of therapeutic activities to improve mind and body health and wellbeing, for example: mindfvlness. arts & crafts, yoga, nature walks, animal connections, healthy eating and nutrition and music. The Re-set programme has developed to deliver bespoke course elements according to specific chronic conditions and is currently partnering with The Paula CaTh Charitable Trust to create impactful interventions for Type l and Type 2 diabetics and their familie5. The team have engaged the SeiCe$ of pertinent clinicians to provide advice and guidan to the clients who would not otherniise have contact with these vital professlonals. It is too early to report quantitstive outcomes but the qualitative data clearly indicates the value and benefit of this new service. LOTM and PCCT will continue to develop this service and reach more diabetics in our community and provide Ilfe-lmproving interventions and support. Page 3
LIGHTHOUSE ON THE MARSH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 In the reporting period SO participants completed the Programme (34 Female; 16 Male) with an age range of 24-85. Participants were asked to provide relevant, anonymlsed data at the beginning, throughout the Programme and at the end. Fifty percent (500/ts) of participants had been a primary care giver in the past two years; 640/0 reported having a chronic or long temi medical condition. 6Vo reported having experienced feeling5 of loneliness in the last two years: 600A reported having experienced poor Mental Health in the last two years, with 57 % citing stress, anxiety, trauma. depression or PTSD. Forty three (430/0) of participants reported experiencing domestic abuse in the last two years and 500kn reported experiencing physical. verbal or emotional violence in their childhood. Sixty four percent (640kn) reported experiencing a bereavement in the past five year5 and 500/0 reported experiencing financial hardship. Outcomes: IOOO/o of participants reported that the Programme had improved their Mental Health; 80% reported sleeping better; 630/0 reported feeling more motivated to make changes to their life. Prior to the course 80% reported that they felt that they had insufficient exercise built into their daily routine. After the course 80 1 reported having increased their daily exercise. Re-set Participants have sald: feel less alone and more seen." "I have met some lovely caring people, and l just feel happier." "I have learned new thlngs that have helped me process my grief." "I've realised that everyone struggles, and Re-set has given me new confidence.. "I've leamed to be rn0 confident wlth who I am. 'This has changed how l am with my children for the better.. "I miss having family around, and this has helped me socialise, make frlends, and Improve my Engllsh. "I dldn't thlnk I had anythlng left to give, and this has showed me that I do. 'Thank you for giving me the tools to re-start my life. FINANCIAL REVIEW Reserves policy The trustee5 have decided that holding reserves is good practice with a target to build up £158,000 of unrestricted funds (or 3 months running costs) over the course of the next 3 years. The amount of the total funds held was £164,381 at the period end including restricted funds of £89,258 to fulfil ongoing projects. The amount of unrestrirted reserves is £75,123 which is over I month of running costs. The Trustees are confident of current funding levels being sustsinable and continue to monitor the level of reserves and explore options to develop the charity in a way that is safe and meaningful. The Trustees would like to acknowledge the generous support from all of our funders during the period, who have all helped to make possible the vital ServIS that we deliver.. Barretts Charitable Foundation. Cantiacorum Foundation; Chapman Charitable Trust; Colyer Fergusson Charitable Trust; Department for Education; Folkestone & Hythe District Council; The Garfield Weston Foundation,, Kent Community Foundation; Kent County Council; Kent Reliance Provident Society; Lawson Endowment Fund for Kent- Little Cheyne Windfarm. Locality. Magnox. Mrs Smith and Mount Trust; National Lottery Community Fund; the Paula Carr Charitable Trust. Philip & Connie Phillips Foundation- Roger De Haan Charitable Trust: The Skinners, Charity Foundation; Social Enterprise Kent; The Tory Family Foundation; Trusthouse Charitable Foundatlon; Whltehead Monckton Charitable Trust. Page 4
LIGHTHOUSE ON THE MARSH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 FUTURE PLANS The last 12 months have been a time to add value and quallty to each of our services and we wlll be expanding each of the teams to enable both the development and sustainability of our dellvery over the next year. A5 we cement our operations and develop our services we aim to contlnue to work with local partners who share our vision, maintain the same standards within their organisation and can add value to our delivery. LOTM remains committed to deliverlng the hlghest qualltyi free, education, health and wellbeing services to our community, within our community. We are equally committed to our staff and to growing our Suc$ together what, we deliver and 'who' delive it are inextricably linked. srRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The governing document is the Memorandum and Articles of Association incorporated on 28 April 1999 as amended by Special Resolution on 11 January 2001. Recrultment and appolntment of new trustees Trustees are appointed followlng the process set out In the artlcles of assoc5atlon, elther by election at the Annual General Meeting or from time to time by the current trustees to flll a casual vacancy or to enhance the Board. Organisational structure The trustees provide governance and oversight, and set the strategic direction of the charity and ensure that it operates within charity and company law and the charity's governing document. The Trustees conduct the charfty's affalrs In the best interests of the charity and with a duty of care, duty and compliance. The Trustees delegate the day to day work of the charity to a CEO and management team who report to the Trustees on a monthly basis. Induction and training of new trustees New Trustees receive a full induction to the Charity, its activities and their obligations. Key management remuneratlon Pay and remuneration of employees is regularly reviewed to take Into account changes Sn responslblllty, competency and qualifications, cost of living and affordability. Pay and remuneration of the CEO and Senior Leadership Team are reviewed and authorised by the Board. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 03761952 (England and Wales) Registered Charity number 1084792 Reglstered office Unit 4 Mountfield Road Mountfield Industrlal Estate New Romney Kent TN28 2LH Trustees Mr T Llfe Ms J M Thomas Ms J Darllng Pa9e 5
LIGHTHOUSE ON THE MARSH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers Rye East Sussex TN317LJ Solicitors Russell Cooke 2 Putney Hill London SW15 6AB Chlef Executlve Officer Ms Amanda King Appointed 28103122 Approved by order of the board of trustees on and signed on its behalf by: Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIGHTHOUSE ON THE MARSH Independont examiner's report to the trustees of Lighthouse on the Marsh {'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st July 2024. Responsibilities and basls of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2006 Act,). Having Satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. can conflrm that I am qualified to undertske the examination because I am a member of the Associatlon of Chartered Certlfled Accountants, which Is one of the Ilsted bodles. I have completed my examination. I confirm that no matter5 have come to my attentlon in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Settion 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Settlon 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Ashby FCCA ACA Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers Rye East Sussex TN31 7LJ 28 March 2025 Date: Page 7
LIGHTHOUSE ON THE MARSH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31sr JULY 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 53 1.000 1.053 135 Charitable activities Training and other income 216.199 460,469 676.668 594,651 Investment income 3,834 3.834 1,588 Total 220.086 461,469 681,555 596,374 EXPENDITURE ON Charitable activities Training and other income 242,861 451,366 694,227 633,037 NET INCOME/(EXPENDITURE) Transfers between funds (22,775) 10,103 10,103 {10,103) (12,672) (36,663) 16 Net movement in funds {12.672) {12.672) (36,663) RECONCILIATION OF FUNDS Total funds brought forward 95,878 81.175 177,053 213,716 TOTAL FUNDS CARRIED FORWARD 83.206 81,175 164,381 177,053 The notes form part of these finanaal staternent5 Page 8
LIGHTHOUSE ON THE MARSH (REGISTERED NUMBER: 03761952) BALANCE SHEET 31ST JULY 2024 2024 Total funds 2023 Total funds Unrestricted fund Restrlcted fund Notes FIXED ASSETS Tangible assets li 48,259 48.259 36,167 CURRENT ASSETS Debtors Cash at bank and in hand 12 39 82,686 39 163,861 3,263 201,554 81,175 82,725 81,175 163,900 204,817 CREDITORS Amounts falling due within one year 13 {46,583) {46,583) (49,008) NET CURRENT ASSETS 36,142 81,175 117,317 155,809 TOTAL ASSETS LESS CURRENT UABILITIES 84,401 81,175 165.576 191,976 CREDITORS Amounts falling due after more than one year 14 {1,195) (1,195) (14,923) NEf ASSETS 83,206 81,175 164,381 177,053 FUNDS Unrestricted funds Restricted funds 16 83,206 81.175 95,878 81,175 TOTAL FUNDS 164.381 177,053 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 In accordance with Section 476 of the Companles Art 2006. The trustees acknowledge thelr responsibilities for (a) ensuring that the charltable company keeps accounting records that comply with Sertlons 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of Its surplus or deficit for each financlal year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Att 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 9 continued...
LIGHTHOUSE ON THE MARSH (REGISTERED NUMBER: 03761952) BALANCE SHEET - contlnued 31sr JULY 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companles subject to the small companies reglme. The flnanclal statements were approved by the Board of Trustees and authorlsed for issue on and were slgned on Its behalf by: Trustee Trustee The notes form part of these finandal statements Page 10
LIGHTHOUSE ON THE MARSH CASH FLOW sfATEMENT FOR THE YEAR ENDED 31ST JULY 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations {10,502) (14,096) Net cash used in operating activitles (10.502) (14,096) Cash flows from Investlng actlvltles Purchase of tangible fixed assets Interest received (31,025) 3.834 {24,860) 1,588 Net cash used in investing activities (27.191) (23,272) Change in cash and cash equivalents in the reporting period Cash and cash equlvalents at the beginning of the reporting period (37,693) (37,368) 201,554 238,922 Cash and cash equivalents at the end of the reporting period 163,861 201,554 The notes fom) part of these financial statements Page 11
LIGHTHOUSE ON THE MARSH NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST JULY 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING AcfIviTIES 2024 2023 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase/(Decrease) in creditors over ly Decrease/{increa5e} in debtors (Decrease)lincrea5e in creditors (12.672) {36,663) 18,934 (3,834) (13,729) 3,224 (2,425) 17,832 (1,588) (12,590) (1,141) 20,054 Net cash used in operations {10,502) (14,096) ANALYSIS OF CHANGES IN NET FUNDS At 118123 Cash flow At 3117/24 Net cash Cash at bank and in hand 201,554 (37.693) 163,861 201.554 (37,693) 163,861 Debt Debts falllng due after i year {14,923) 13,728 (1.195) (14,923) 13,728 (1,195) Total 186,631 (23,965) 162,666 The notes form part of these finanaal statements Page 12
LIGHTHOUSE ON THE MARSH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Artivities once the charity has entitlement to the funds, it Is probable that the Income wlll be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commlttlng the charity to that experbditure, it is probable that a transfer of economlc benefits will be reqUId in settlement and the amount of the obligation can be measured reliably. Expenditure is accoLtnted for on an accruals basls and has been classlfied under headings that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to particular headings they have been allocated to activities on a basis con515tent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to wrlte off each asset over its estimated useful life. Improvements to property Plant and machinery Motor vehicles Computer equipment 20¥0 on cost 20tr/0 on cost 25Wo on cost 33% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordan with the charitable objertives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrirtions arise when specified by the donor or when funds are raised for particular restricLed purposes. Further explanation of the nature and purpose of each fund is included In the notes to the financial statements. Hlre purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financlal Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 13 continued...
LIGHTHOUSE ON THE MARSH NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31sr JULY 2024 DONATIONS AND LEGACIES 2024 2023 Donations 1,053 135 INVESTMENT INCOME 2024 2023 Deposit account interest 3,834 1,588 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Attivity Tralnlng and other Income Tralnlng and other income Hlre of facllitles Grants 2,061 674,607 12,372 582,279 676,668 594,651 Grants received, included in the above, are as follows: 2024 2023 High Needs Funding - Government Grant Education Funding Agency - Government Grant Non Government Grants 165,830 251,694 259,144 119,918 273,517 188,844 676,668 582,279 CHARrrABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Training and other income 473.708 220,519 694,227 Page 14 ontinued.
UGHTHOUSE ON THE MARSH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST JULY 2024 SUPPORT COSTS Governan costs Management Finance Totals Training and other income 193,975 20,946 5.598 220,519 NET INCOME/(EXPENDITURE) Net Income/(expenditure} is stated after charging/(crediting)'. 2024 2023 Depreclation - owned assets Other operating leases Independent Examiners fee 18,933 45,000 4,500 17,832 43,575 4,500 TRusfEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31st July 2024 nor for the year ended 31st July 2023. srAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 359,910 25,843 6.525 342. 191 24,554 6,125 392,278 372,870 The average monthly number of employees during the year was as follows: 2024 12 2023 12 Direct charitable work Administrative 15 15 No employees reiVed emoluments in excess of £60,000. Page 15 continued...
LIGHTHOUSE ON THE MARSH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST JULY 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrlcted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 77 58 135 Charitable activities Training and other income 264,905 329,746 594,651 Investment income 1,588 1,588 Total 266,570 329,804 596,374 EXPENDITURE ON Charltable activities Training and other income 274,666 358,371 633,037 NET INCOME/{EXPENDITURE) Transfers between funds (8,096) 24,163 (28,567) (24,163) {36,663) Net movement In funds 16,067 (52,730) (36,663) RECONCILIATION OF FUNDS Total funds brought forward 79,811 133,905 213,716 TOTAL FUNDS CARRIED FORWARD 95,878 81,175 177,053 11. TANGIBLE FIXED ASSETS Improvements to property Plant and machinery Motor vehicles Computer equlpment Totals COST At 1st August 2023 Additlons 120,092 10.103 93.278 3.441 13,860 190,511 17,481 417.741 31.025 At 31st July 2024 130,195 96.719 13,860 207,992 448,766 DEPRECIATION At 1st August 2023 Charge for year 118.814 2,788 62.220 12.314 11.550 2,310 188,990 1,521 381.574 18.933 At 31st July 2024 121,602 74.534 13,860 190,511 400,507 NEf BOOK VALUE At 31st July 2024 8,593 Z2,185 17,481 48,259 At 31st July 2023 1,278 31,058 2,310 1,521 36,167 Page 16 continLted...
LIGHTHOUSE ON THE MARSH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST JULY 2024 12. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade debtors Prepayments 360 2,903 39 39 3,263 13. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade credltors Social security and other taxes Other creditors Kent Community Foundation Loan Accruals and deferred income Accrued expenses 1,592 6,938 1,225 13,728 21,000 2,100 2,015 7,213 1,389 12,591 25,800 46,583 49,008 14. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Other loans (see note 15) 1,195 14,923 15. LOANS An analysis of the maturity of loans Is glven below.. 2024 2023 Amounts falling between one and two years: KCF Loan 1-2 years 1.195 13,728 Amounts falling due between two and five years.. KCF Loan - 2-5 years 1,195 16. MOVEMENT IN FUNDS The restricted fund represents grants ceiVed for speclflc purposes. Transfers between funds The fixed assets purchased by the charity in the year using restricted funds do not have restrltted conditions attached to their usage, and as such a transfer has been made to the general funds to reflect this. Page 17 continued...
UGHTHOUSE ON THE MARSH NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST JULY 2024 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st July 2024. Page 18
UGHTHOUSE ON THE MARSH DETAILED STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31ST JULY 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Donations 1.053 135 Investment Income Deposit account interest 3.834 1,588 Charitable activities Hire of facilities Grants 2,061 674,607 12,372 582,279 676,668 594,651 Total Incomin9 resources 681.555 596,374 EXPENDITURE Charltable activities Wages Social security Penslons Rent Rates and water Insurance Light and heat Telephone Printing & 5tstionery Direct training & exam costs IT software & consumables Motor & travel expenses Consultancy staff training DBS checks Repairs and maintenance 247,388 15,795 3,857 40,000 887 3,474 13,804 6,706 5,655 22,370 10,921 5,994 63.386 6.007 574 26,890 251,562 14,980 3,875 38,733 1,091 1,059 13,021 9,075 7,896 43,133 4,363 8,382 31,884 174 451 22,697 473,708 452,376 Support costs Management Wages Social securlty Pensions Other operating leases Water rates Light and heat Telephone Carrled forward 112.522 10,048 2,668 5.000 iii 879 838 132,066 90,629 9,574 2,250 4,842 136 1,628 1,134 110,193 This page does not form part of the ststutory financial statements Page 19
LIGHTHOUSE ON THE MARSH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31sr JULY 2024 2024 2023 Management Brought forward Postage and stationery Advertislng, webslte and PR Sundries Subscriptions Cleaning & waste disposal Administration costs 132,066 1,013 12,680 23,304 5,708 18,555 649 110,193 987 4,434 15,354 6,063 9,988 341 193,975 147,360 Finance Bank charges Loan interest Depreclatlon of tanglble flxed assets 166 1,846 18,934 168 2,982 17,832 20,946 20,982 Governance costs Accountancy fees Legal and professional fees 4,501 1,097 4,500 7,819 5,598 12,319 Total resources expended 694,227 633,037 Net expenditure (12,672) (36,663) This page does not form part of the statutory financlal statements Page 20