Charity number: 1091641
Company number: 05332363
(England and Wales)
Lighthouse Education Service
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
Lighthouse Education Service Contents Page For the year ended 31 March 2022
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
Lighthouse Education Service Report of the Trustees
For the year ended 31 March 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
A word of thanks
The trustees acknowledge that LES continues to serve its mission in changing and challenging times. This year our building was closed for some time and with new COVID restrictions, new innovative ways of serving our children and community needed to be found.
As in previous years, it's important to start by thanking all those whose commitment have contributed to yet another successful year in the work and ministry of Lighthouse Education Service (LES) - members of staff and trustees that help run our projects, the All Nations Centre, our local School partners and individual donors, and of course, our volunteers. Thank you. Without you LES would not be able to do the great work that we do in changing the life chances of children, young people and their families.
Looking ahead
The organisation is constant in its expectation that it has a bright and positive future. We are conscious that our changing world abounds with opportunities to connect with other partners and to strengthen the services we provide to children, young people and families. The commitment to making a significant difference in people's lives, which will in turn attract the attention of leaders and the community at large, will continue.
The vision remains unchanged: 'Reaching people; transforming lives'.
LES will continue to look to improve service in its current areas of operation, whilst seeking to meet needs in areas that are under-served and where we believe we can add value to what others are doing or do it better.
FINANCIAL REVIEW
Financial review and reserve policy
During the year the charity received £44,863 (2021: £45,827) of incoming resources and expended £47,309 (2021: £39,721) .
Reserve policy
The trustees believe that the charity should hold in reserves a sufficient cushion of funds to enable it to continue to exists in a period of reduced income and, should it be necessary to cease to operate, wind up in an orderly fashion. The trustees consider the desirable level of reserves for this purpose to be a minimum of six months operating costs.
The trustees plan to generate annual operating surpluses in order to build reserves to this level.
RISK
A review of risk identification and management processes and procedure is currently undertaken. This will form the basis for review of Risk Management with the Projects. Risk is continually being discussed and policies and procedures are under constant review with risk in mind.
FINANCIAL REVIEW
Investment policy and objectives
The management committee has considered the most appropriate policy of investing funds and has found that at present, fixed deposit accounts meet the requirement to generate income. The management committee considers the returns for the year to be satisfactory and the policy is under constant review.
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Lighthouse Education Service Report of the Trustees Continued For the year ended 31 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Organisational structure
Lighthouse Education Service (LES), a charitable company, is the community regeneration and social action arm of the All Nations' Centre (Apostolic Church). LES is the umbrella organisation that houses a range of education, childcare, youth and family-focused community services.
The focus remains that of consolidating and improving existing provision, whilst broadening the range of services on offer. Relevance, excellence in the quality of provision and sustainability remain the touchstone of everything we seek to do.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
LES acknowledges that the world is fast changing and the task of providing quality supplementary education, childcare and family -focused community services continue. 2020/21 has posed unique challenges due to COVID-19 and closures of public buildings and limitations on children settings.
The organisation has adapted incredibly well to the government requirements for Risk Assessments and the necessary Covid safeguards
Those familiar with the London borough of Lambeth or the immediate catchment area in which LES is located, would be acutely aware of the long-standing issues, challenges and needs that exist.
LES' projects are aimed at creating a cohesive and sustainable community, meeting the needs of children, young people and families. The range of services as mentioned before, covers childcare, a varied menu of youth support activities, community provision, as well as parental support.
LES aims to make a lasting difference to lives of children and families in the community through education, training, development and other life-enhancing initiatives.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Lighthouse Education Service Charity registration number 1091641 Company registration number 05332363 Principal address Tyers Terrace London SE11 5LY
Trustees
The trustees and officers serving during the year and since the year end were as follows:
C Sackey J Faradoye Rev V Jibuike C Wilson H. Mbakwe J. Asuquo Rev. E Karikari Secretary C Wilson Independent examiners James Barnasco & Co 58 Perronet House Princess Street London SE1 6JS
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Lighthouse Education Service Report of the Trustees Continued For the year ended 31 March 2022
Bankers
Lloyds TSB 182 High Street Walthamstow London E17 7JH
Approved by the Board of Trustees and signed on its behalf by
victorjibuike ............................................................................. 30 December 2022 Rev V Jibuike
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Lighthouse Education Service Independent Examiners Report to the Trustees
For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance 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 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 examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 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 with 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 concerns 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.
James Barnasco & Co 58 Perronet House Princess Street London SE1 6JS
30 December 2022
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Lighthouse Education Service Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Education Total Expenditure on: Charitable activities 4/5 Education Activity 10 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 24,880 19,983 44,863 (46,809) (500) (47,309) (2,446) 39,539 37,093 |
2021 £ 40,150 5,677 |
|---|---|---|
| 45,827 | ||
| (39,221) (500) |
||
| (39,721) | ||
| 6,106 33,433 |
||
| 39,539 |
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Registered Number :
05332363
Lighthouse Education Service Statement of Financial Position
As at 31 March 2022
| Notes Fixed assets Tangible assets 10 Current assets 11 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 13 Total funds |
£ 2022 266 266 11,430 35,564 46,994 (10,167) 36,827 37,093 37,093 37,093 37,093 |
£ 2021 533 |
|---|---|---|
| 533 | ||
| 10,203 40,156 |
||
| 50,359 | ||
| (11,353) 39,006 |
||
| 39,539 | ||
| 39,539 | ||
| 39,539 | ||
| 39,539 |
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section
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476,
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records
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and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
victorjibuike
Rev V Jibuike Trustee 30 December 2022
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Lighthouse Education Service Notes to the Financial Statements For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance 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 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Lighthouse Education Service meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Funds
Unrestricted funds can be used in accordance with the charitable objective at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity Restriction arise when specified by the donor or when funds are raised for particular restricted purposes.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery | 25% Straight line |
|---|---|
| Computer equipment | 25% Straight line |
| Fixtures and fittings | 25% Straight line |
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received |
2021 2022 £ £ 1,720 3,455 38,430 21,425 40,150 24,880 |
|---|---|
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Lighthouse Education Service Notes to the Financial Statements Continued
For the year ended 31 March 2022
3. Income from charitable activities
| Unrestricted funds Education Income from charitable activities osts of charitable activities by fund type Unrestricted funds Education Support costs osts of charitable activities by activity type Grant funding of activities Education Activity 10 |
Grant funding of activities Activities undertaken directly £ £ 1,252 45,557 - - 45,557 1,252 |
2021 2022 £ £ 19,983 5,677 2021 2022 £ £ 39,221 46,809 500 500 39,721 47,309 2021 2022 £ £ 46,809 39,221 500 500 47,309 39,721 |
|---|---|---|
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
6. Analysis of support costs
Governance costs
2022 2021 £ £ 500 500
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Lighthouse Education Service Notes to the Financial Statements Continued
For the year ended 31 March 2022
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
Accountancy fees Staff pension contributions
| 2022 | 2021 |
|---|---|
| £ | £ |
| 500 | 500 |
| 769 | 841 |
8. Staff costs
Total staff costs for the year ended 31 March 2022 were:
| Salaries and wages Pension costs |
2022 £ 29,150 769 29,919 |
2021 £ 29,242 841 |
|---|---|---|
| 30,083 |
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
10. Tangible fixed assets
| Cost or valuation At 01 April 2021 Additions Disposals At 31 March 2022 Depreciation At 01 April 2021 Disposals Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 |
Plant and machinery £ 800 502 - 1,302 534 - 502 1,036 266 266 |
Computer equipment £ 500 - (500) - 500 (500) - - - - |
Total £ 1,300 502 (500) |
|---|---|---|---|
| 1,302 | |||
| 1,034 (500) 502 |
|||
| 1,036 | |||
| 266 | |||
| 266 |
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Lighthouse Education Service Notes to the Financial Statements Continued
For the year ended 31 March 2022
11. Debtors
| Amounts due within one year: Prepayments and accrued income Other debtors 12. Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
2022 £ - 11,430 11,430 2022 £ 927 9,240 10,167 |
2021 £ 436 9,767 |
|---|---|---|
| 10,203 | ||
| 2021 £ 1,363 9,990 |
||
| 11,353 |
13. Movement in funds
| Unrestricted Funds General General Unrestricted Funds - Previous year General General |
Balance at 01/04/2021 £ 39,539 39,539 Balance at 01/04/2020 £ 33,433 33,433 |
Incoming resources £ 44,863 44,863 Incoming resources £ 45,827 45,827 |
Outgoing resources £ (47,309) (47,309) Outgoing resources £ (39,721) (39,721) |
Balance at 31/03/2022 £ 37,093 |
|---|---|---|---|---|
| 37,093 | ||||
| Balance at 31/03/2021 £ 39,539 |
||||
| 39,539 |
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Lighthouse Education Service Notes to the Financial Statements Continued For the year ended 31 March 2022
Purpose of unrestricted Funds
Voluntary Income Grants and Donations Investment income Interest receivable Incoming resources from charitable activities Charitable activities fees income Charitable Activities Charity expenses General Charities Income and expenses
14. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 266 36,827 37,093 |
|---|---|
| 266 36,827 37,093 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 533 39,006 39,539 |
|
| 533 39,006 39,539 |
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Lighthouse Education Service Detailed Statement of Financial Activities
For the year ended 31 March 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Grants receivable Charitable activities Income from charitable activities (Education) Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity (Education) Cost of grant funded charitable activity (Education) SUPPORT COSTS Governance costs Governance costs (Activity 10) Total resources expended Net Expenditure |
£ 2022 3,455 21,425 24,880 19,983 19,983 44,863 (45,557) (1,252) (46,809) (500) (500) (47,309) (2,446) |
£ 2021 1,720 38,430 |
|---|---|---|
| 40,150 5,677 |
||
| 5,677 | ||
| 45,827 (39,221) - |
||
| (39,221) (500) |
||
| (500) | ||
| (39,721) | ||
| 6,106 |
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This page does not form part of the statutory financial statements