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 2025 Lighthouse Education Service Contents Page For the year ended 31 March 2025 |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 10| Lighthouse Education Service Report of the Trustees ## For the year ended 31 March 2025 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 2025. 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** Lighthouse Education Service (Lighthouse), a charitable company, is the community regenaration and social action arm of the All Nations' Centre (Apostolic Church). ## A YEAR OF PURPOSE AND TRANSFORMATION On behalf of the Board and Lighthouse Education Service, it is my privelege to reflect on a year defined by resilience and an unwavering commitent to our mission : to reach people and transform lives. In a year marked by a challenging economic climate, our organisation has not merely endured: we have excelled. Our success is not measured in numbers alone, but in the tangible impact we have made on the families and individuals who walk through our doors. ## OUR IMPACT IN ACTION The Lighthouse After School Club continues to be a hallmark of excellence. By providing high quality provision and creative outlets like music education, we are doing more than supervising children - we are nuturing the next generation. For many local families, this service is a vital economic lifeline, offering the security parents need to rermain in the workforce while their children thrive. Parallel to this, our outreach efforts remain a beacon of hope. The lighthouse Hand Out project continues to provide a safety net for the most vilnerable among us, while the Light house First Stop project remains a critical resource for those navigating complex legal challenges. These services are more than programs; they are expressions of our core values in action. ## A TESTAMENT TO DEDICATION The stability and growth we have seen this year are a direct result of the exceptional people behind the Light House name. Our board, managers and staff possess a rare blend of prefessional expertise and deap seated empathy . It is their dedication that ensures we deliver positive, lasing outcomes to the communities that need us most. To each member of our team (THANK YOU) ## LOOKING FORWARD WITH FAITH We do not stand alone. I wish to express our profound gratitude to the leadership and members of the ALL NATIONS CENTRE, our local community, our directors, partners, and customers. Your continued trust is the fuel for our progress. Finally, we humbly acknowledge the favor of Almighty God. His continued blessings remain the foundation of our work; without Him, none of these achievements would be possible. As we look toward the future, we do so with optimism, ready to expand our reach and deepen our impact. ## Thank you. 1 of 10 Lighthouse Education Service Report of the Trustees Continued For the year ended 31 March 2025 ## **FINANCIAL REVIEW** ## Financial review and reserve policy During the year the charity received £64,114 (2024: £54,209) of incoming resources and expended £65,971 (2024: £55,637) . ## 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. ## **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. 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 2 of 10 Lighthouse Education Service Report of the Trustees Continued For the year ended 31 March 2025 ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ||J Faradoye| |---|---| ||Rev V Jibuike| ||MR EDWIN BAJOMO| ||MR THEO AZU MATHIAS-NWAULUNE| |**Secretary**|MRS HAYLEY LOUISE EREOLA| |**Independent examiners**|James Barnasco & Co| ||58 Perronet House| ||Princess Street| ||London| ||SE1 6JS| |**Bankers**|Lloyds TSB| ||182 High Street| ||Walthamstow| ||London| ||E17 7JH| Approved by the Board of Trustees and signed on its behalf by ............................................................................. J Faradoye 3 of 10 ## Lighthouse Education Service Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2025 |**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 expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
32,442
31,672
**64,114**
(65,471)
(500)
**(65,971)**
**(1,857)**
12,835
**10,978**|**2024**
**£**
29,956
24,253| |---|---|---| |||**54,209**| |||(55,137)
(500)| |||**(55,637)**| |||**(1,428)**
14,263| |||**12,835**| 4 of 10 05332363 Registered Number : Lighthouse Education Service Statement of Financial Position As at 31 March 2025 |**Notes**
**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**|**£**
**2025**
500
12,540
**13,040**
(2,062)
**10,978**
**10,978**
**10,978**
10,978
**10,978**|**£**
**2024**
4,332
10,042| |---|---|---| |||**14,374**| |||(1,539)
**12,835**| |||**12,835**| |||**12,835**| |||12,835| |||**12,835**| For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - 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 trustees acknowledge their responsibilities for complying with 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. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: 0 5 of 10 Lighthouse Education Service Notes to the Financial Statements For the year ended 31 March 2025 ## **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). ## **Going concern** ## **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|**2024**
**2025**
**£**
**£**
6,018
1,210
23,938
31,232
**29,956**
**32,442**| |---|---| 6 of 10 Lighthouse Education Service Notes to the Financial Statements Continued For the year ended 31 March 2025 ## **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**
**£**
**£**
870
64,601
-
-
**64,601**
**870**|**2024**
**2025**
**£**
**£**
31,672
24,253
**2024**
**2025**
**£**
**£**
55,137
65,471
500
500
**55,637**
**65,971**
**2024**
**2025**
**£**
**£**
65,471
55,137
500
500
**65,971**
**55,637**| |---|---|---| ## **4. Costs of charitable activities by fund type** ## **5. Costs of charitable activities by activity type** ## **6. Analysis of support costs** Governance costs **----- Start of picture text -----**
2025 2024
£ £
500 500
**----- End of picture text -----**
500 7 of 10 Lighthouse Education Service Notes to the Financial Statements Continued For the year ended 31 March 2025 ## **7. Net income/(expenditure) for the year** This is stated after charging/(crediting): Accountancy fees Staff pension contributions |**2025**|**2024**| |---|---| |**£**|**£**| |500|500| |338|660| ## **8. Staff costs** Total staff costs for the year ended 31 March 2025 were: |Salaries and wages
Pension costs
STAFF|**2025**
**£**
42,446
338
**42,784**
**2025**
0
**0**|**2024**
**£**
29,678
660| |---|---|---| |||**30,338**| |||**2024**
3| |||**3**| ## **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 2024
At 31 March 2025
**Depreciation**
At 01 April 2024
At 31 March 2025
**Net book values**
At 31 March 2025
At 31 March 2024|**Plant and**
**machinery**
**£**
1,302| |---|---| ||**1,302**| ||1,302| ||**1,302**| ||**-**| ||**-**| 8 of 10 Lighthouse Education Service Notes to the Financial Statements Continued For the year ended 31 March 2025 ## **11. Debtors** |**Amounts due within one year:**
Other debtors
**12. Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|**2025**
**£**
500
**500**
**2025**
**£**
927
1,135
**2,062**|**2024**
**£**
4,332| |---|---|---| |||**4,332**| |||**2024**
**£**
927
612| |||**1,539**| |**13. Movement in funds**
**Unrestricted Funds**
_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/04/2024**
**£**
12,835
**12,835**
**Balance at**
**01/04/2023**
**£**
14,263
**14,263**|**Incoming**
**resources**
**£**
64,114
**64,114**
**Incoming**
**resources**
**£**
54,209
**54,209**|**Outgoing**
**resources**
**£**
(65,971)
**(65,971)**
**Outgoing**
**resources**
**£**
(55,637)
**(55,637)**|**Balance at**
**31/03/2025**
**£**
10,978| |---|---|---|---|---| |||||**10,978**| |||||**Balance at**
**31/03/2024**
**£**
12,835| |||||**12,835**| 9 of 10 Lighthouse Education Service Notes to the Financial Statements Continued For the year ended 31 March 2025 ## **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**
**£**
**£**
**£**
-
10,978
10,978| |---|---| ||**-**
**10,978**
**10,978**| ||**Tangible fixed**
**assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
-
12,835
12,835| ||**-**
**12,835**
**12,835**| 10 of 10