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2022-03-31-accounts

Charity Registration No. 1100256

Company Registration No. 04488807 (England and Wales)

LIGHTHOUSE HOMES

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

LIGHTHOUSE HOMES

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Bradwell
P Sherrington
J Hampshire
N Harland
Charity number 1100256
Company number 04488807
Registered office The Lighthouse
71 Westgate
Rotherham
$60 1BQ
Auditor Sutton McGrath Hartley
5 Westbrook Court
Sharrow Vale Road
Sheffield
$11 8YZ
Bankers Unity TrustBank
Four Brindleyplace
Oozells Square
Birmingham
B1 2JB
Solicitors Wake Smith Solicitors
2 Tenter Street
Sheffield
$14BY

LIGHTHOUSE HOMES

CONTENTS

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Page
Trustees report 1-6
Independent auditor's report 7-9
Statement offinancial activities 10
Balance sheet 11
Statement ofcash flows 12
Notestothefinancialstatements 13-28

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LIGHTHOUSE HOMES TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees (who are also the Directors) of Lighthouse Homes have pleasure in presenting their report and financial statements for the year ending 31 March 2022. The charity is registered with the Charity Commission under registration number 1100256. We are also a company limited by guarantee, registration number 04488807.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)".

Objectives and activities

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set. We are very satisfied that all we do is for the public benefit.

Charitable Objects

Lighthouse Homes seeks to relieve poverty and advance the education of persons, particularly those who are homeless, with the provision of accommodation, facilities for preparing and eating meals, clothing, advice, support and educational courses, and other services calculated to relieve their needs, within a faith inspired framework.

Lighthouse Homes offers Christian inspired residential communities providing opportunities for change in both lifestyle and values and seeks to advance the Christian Faith.

Values

Our aims and objectives can be summarised as helping to create a safe place called home by providing stability, dignity, friendship, purpose and a plan. We are committed to providing a place of change and this requires our residents to demonstrate how they are making progress against agreed goals. We seek to provide a place of safety and respect, which is at the heart of the community and linked to focal opportunities, including those provided by faith communities.

Lighthouse Homes strives to be an equal opportunities organisation In all aspects of our work. We do not tolerate fear, violence, abuse, bullying, discrimination or exploitation and adhere to a clear safeguarding policy guiding our practice. Our staff are trained in safeguarding practice and are all DBS checked. We welcome residents from all backgrounds regardless of race, religion, culture or sexual orientation.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Outputs of Lighthouse Homes

The coronavirus pandemic has continued to pose new and evolving challenges in all of our projects throughout the year. The trustees are immensely grateful for the continued flexibility and perseverance of our staff, residents and volunteers in keeping each other safe and Lighthouse Homesa place of transformation in the most difficult of circumstances.

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LIGHTHOUSE HOMES TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2022 ee

We havea total of four projects, two in the Rotherham area, accommodating both men and women, one in Shirebrook Derbyshire and one in Brimington Chesterfield. We offer 110 beds across our projects to men and women in need of accommodation, also offering care, support and supervision within a 24/7 supervised environment.

Within the Lighthouse Rotherham main house for men we have accommodation for 16 men. Building works are currently being undertaken to convert some of the multiple occupancy rooms, into single rooms. We reduced follow-on properties from five to four, three of which are leased and one a four bedroomed property purchased by Lighthouse in December 2020, with the aid of a loan from Methodist Chapel Aid. These homes offer the next stage towards more independent living. In our main Rotherham Lighthouse base, we have accommodated 53 men this year, with an average stay of 84 nights. Within the follow-on properties, we have accommodated 26 men this year, with an average stay of 106 nights. Within the main project at Lighthouse for Women, we have all single room accommodation. We replaced our four bedroomed move-on house, for three one bedroomed flats, nearby in the community. During this year, the main project at Lighthouse for Women has provided accommodation for 40 women with an average stay of 121 nights. Within the follow-on properties, 7 women have been provided with accommodation with an average length of stay of 184 nights.

Our Shirebrook project in Derbyshire, is undergoing extensive refurbishment, (phase 1 to be completed this year) to convert a large room currently occupied by 7 men, into single rooms and where possible en-suites. This year we have provided accommodation for 35 men, the average length of stay being 120 nights. All refurbishment at our Shirebrook, Lighthouse for Men and Lighthouse for Women projects, was made possible by a grant from Homeless Link.

At our Brimington project in Chesterfield, we have 33 single self-contained flats and 3 double flats. During the year we accommodated 58 residents with an average stay of 214 nights.

Delivery of Public Benefit- Outcomes

Lighthouse Homes works with men and women who have experienced homelessness from a variety of backgrounds who need a safe place to call home. Many of our residents have lived lives of chaos and addiction. At Lighthouse Homes we aim to address the root causes of these addictions and connect our residents with the provision they need to aid recovery. We have a zero-tolerance policy towards drugs and alcohol, where residents commit themssives to change and growth when they are with us. Our work makes a major contribution to homelessness, addiction and crime prevention in the areas in which we operate. In the last five years we have almost doubled our accommodation capacity, seeking to address the problems of addiction and homelessness. We are continually working to improve the quality of our provision across the four projects, raising standards, moving to single room accommodation with ensuite facilities where possible.

All our projects are a place of stability, safety, hope and change, a place in which those caught up in the storms of life can find acceptance, healing and restoration.

We provide in-house support groups, pastoral care sessions, recreational activities and other key areas of support that deal with the often complex and deep-rooted Issues at the heart of homelessness. Our aim is to see all residents engaged in purposeful daytime activity, through our 10 hours plus programme.

We havea structure in Lighthouse that enables residents to turn their lives around. The outcome is a positive impact on the local community with less crime, rough sleeping and hopelessness.

Connections with a wide range of community services has resulted in the range of training/volunteering opportunities open to the residents increasing significantly. We have seen many engaging in the cooking sessions, computer skills, guitar lessons, creative writing classes, gardening and singing.

Many residents are now taking up roles as mentors, voluntary cooks, working at Food Banks as well as charity shop working. We have several people who were residents and have gained paid employment at the Lighthouse.

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LIGHTHOUSE HOMES TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

FareShare, charitable food provision has proved to be an invaluable partner organisation and the food delivered each week has improved the nutrition of residents and the variety of meals prepared at our four sites. This helps with health outcomes and supports the recovery process. It is enhancing the knowledge and understanding of healthy food choices and greater options in eating a balanced nutritious diet. We are open to those of all faiths and none, and we encourage an environment where peopks feel free to talk about what they do or don't believe. However, at the heart of all that Lighthouse Homes does is our Christian faith, with a commitment to show the love of God to every resident In a real and practical way. Many residents have found their own faith at the Lighthouse, contributing to their welt being and growth. Optional devotions are a part of daily life at Lighthouse and weekly services help to link with the local community, projects with similar purposes and appropriate church groups.

Our move-on resident outcomes have improved as resident length of stay has lengthened. Residents are more able to demonstrate the capacity to change and move on from homelessness into greater independence and stability. We see high numbers of residents move on to a range of positive housing options, some back to partners and family, others into independent living and employment. We work to maximise our positive outcomes through move-on partnerships with other housing providers, public and private and rehabilitation units.

Reserves Policy

The Trustees’ policy on reserves is to ensure that the charity has sufficient funds to provide financial stability. The level that is deemed appropriate is £250,000 which represents 3 months committed unrestricted expenditure plus an estimate of termination costs.

The current level of unrestricted reserves available is £72,000 a decrease on the position last year. Unrestricted reserves are considered to be unrestricted funds excluding unrestricted fixed assets totalling £310,000 as at 31 March 2022. The reduction in unrestricted reserves from the previous year is mainly due to the purchase of property by the charity in the year. The trustees are committed to setting aside reserves each month to comply with our policy, subject to the need to maintain high standards of care and respond to short notice cost and income pressures.

Financial review

Figures are rounded to the nearest £000.

Housing benefit of £891,000 (2021- £987,000) was receivable during the year, contributions from residents amounted to £95,000 (2021- £102,000), donations of £93,000 (2021- £24,000), sundry income of £50,000 (2021- £38,000), bank interest of £2,000 (2021- £3,000), Govemment COVID support grants totalling Enil (2021 - £61,000), unrestricted grants totalling £nil (2021 - £9,000),which gave a total unrestricted income of £1,131,000 (2021- £1,224,000). Restricted income during the year included restricted grants totalling £44,000 (2021 - £154,000) and restricted donations of £5,000 (2021 - £nil) which gave a total restricted income of £49,000 (2021- £154,000), giving total income of £1,180,000 (2021- £1,378,000).

Total expenditure was £1,185,000 (2021- £1,158,000), of which £1,086,000 (2021- £1,090,000) is unrestricted.

The net effect is a negative movement in funds of £5,000 (2021-positive movement £220,000) in the year with a closing fund balance of £418,000 (2021- £423,000). As at 31 March 2022, unrestricted funds totalled £382,000 and restricted funds totalled £36,000. The restricted funds carried forward, relate mainly to funds received for substantial improvements to accommodation facilities, where building work is not yet completed by the year end.

A £13,000 investment continues on deposit with Green Pastures.

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LIGHTHOUSE HOMES TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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Risk and Internal Control

As required by the Charities SORP the Trustees confirm they have: e Reviewed the major risks facing Lighthouse Homes e Put in place procedures to mitigate these risks

The Trustees consider the following to be the key risks facing the Organisation:

Plans for future periods

The Trustees have set in place a three-year plan for future development of Lighthouse Homes. This plan is to continue to meet the objectives set under the heading ‘Objectives and Achievements’ above. The charity has been successful in securing grant funding and this approach will continue to be developed as part of its financial planning for the future.

Structure, governance and management

The charity is a charitable company limited by guarantee and was incorporated on 17 July 2002 as amended by a special resolution dated 24 September 2003. It is governed by a Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: J Bradwell Rev J Sharp (Resigned 1 August 2021) P Sherrington J Hampshire

N Harland

Lighthouse Homes Board govems the Charity. The Trustees/Directors are appointed by the Lighthouse Homes Board.

The Board considers the skills and abilities of Trustees/Directors and new Trustees/Directors are sought according to organisational needs.

Our new Trustees are selected through a process of identifying an ongoing skills balance and new Trustees are inducted through meeting attendance, project attendance and discussion with Managers. Ongoing training/development of Trustees needs to become more systematic and focused at Lighthouse Homes through a policy development and implementation process.

ees

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LIGHTHOUSE HOMES TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees/Directors provide leadership and direction for the Charity, setting the strategic direction, which is delivered by the CEO and their team.

In terms of the remuneration of senior staff in Lighthouse, we have a managers pay scale with 9 bands where the starting point is dependent upon skills and experience.

Managerial remuneration should be decided upon in relation to charity market comparisons and we are working towards that position, as finances allow.

The Trustees/Directors are legally responsible for ensuring that resources are used prudently and only in support of Lighthouse Homes charitable objects, for the stewardship of Lighthouse Homes assets and for ensuring that the Charity complies with all relevant legislation and regulation. The day to day running of Lighthouse Homes was delegated to the CEO. The CEO was G Pearce up until 31 July 2021. M Morris acted as CEO until A Sharp was appointed as CEO on 3 May 2022.

Reference and administrative details

The principal office of Lighthouse Homes is The Lighthouse, 71 Westgate, Rotherham, S60 1BQ.

The company number is 04488807 and the charity registration number is 1100256.

Details of the trustees that served during the year and the delegation of day to day management of the charity are provided under the heading ‘Structure, governance and management’ above.

Statement of trustees responsibilities

The trustees, who are also the directors of Lighthouse Homes for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

~ prepare the financial statements on the going concer basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Sutton McGrath Hartley were appointed as auditor to the company and a resolution proposing that they be reappointed will be put at a General Meeting.

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LIGHTHOUSE HOMES

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate Steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees report was approved by the Board of Trustees.

N Harland Trustee Dated: ...0112/2022

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LIGHTHOUSE HOMES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LIGHTHOUSE HOMES

Opinion

We have audited the financial statements of Lighthouse Homes (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other Information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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LIGHTHOUSE HOMES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LIGHTHOUSE HOMES

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Opinions on other matters prescribed by the Companles Act 2006

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees report.

Responsibllities of trustees

As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so.

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LIGHTHOUSE HOMES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF LIGHTHOUSE HOMES

Auditor's responsibilitles for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high levelof assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when It exists. Misstatements can arise from fraud or error and are considered material #f, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our assessment of the susceptibility to material misstatement, whether by fraud or error, is made in a risk based approach.

in this approach, laws and regulations applicable to the entity, such as the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities, the relevant tax compliance regulations within the UK, employment law, and Health and Safety law is considered, and the policies and controls the entity has in place to comply with these laws are reviewed, by discussion, reviews of correspondence and registrations monitored by external bodies. The engagement team remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Policies and controls relating to the risk of materia! misstatement as a result of fraud are also considered. These are assessed by obtaining an understanding of the charity's operations and contro] environment. The policies and controls have been reviewed by discussion, review and sample testing of accounting entries, challenging assumptions and judgements, reviewing and evaluating related parties transactions, and wider background searches.

We have ensured that the engagement team have appropriate levels of competence and experience to effectively monitor these risks and carry out work relevant to our assessment of each risk, including consideration of the industry the charity operates in and its size and complexity.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http:/Avww.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathon Dickens ACA Statutory Auditor for and on behalf of Sutton McGrath Hartley

Chartered Accountants

Statutory Auditor

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5 Wesibrook Court Sharrow Vale Road Sheffield $11 8YZ

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LIGHTHOUSE HOMES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

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Unrestricted Restricted Total Total
funds funds
Income from: Notes 2022
£000		 2022
£000		 2022
£000		 2021
£000
Donationsand legacies
Charitableactivities
Investments		 3
4
5		 93
1,036
2		 5
44
-		 98
1,080
2		 25
1,350
3
TotalIncome 1,131 49 1,180 1,378
Expenditure on:
Charitable activities 6 1,086 99 1,185 1,158
Net Income/(expenditure) fortheyear/
Netmovement infunds 45 (50) (5) 220
Fund balances at 1 April2021 337 86 423 203
Fundbalancesat31March2022 382 36 418 423

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statementof financial activities also complies with the requirements for an Income and expenditure account under the Companies Act 2006.

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LIGHTHOUSE HOMES

BALANCE SHEET

AS AT 31 MARCH 2022

2022 2021
Notes £000 £000 £000 £000
Fixed assets
Tangible assets 10 315 107
Investments 11 13 13
328 120
Current assets
Debtors 13 31 25
Cash at bank and in hand 361 490
392 515
Creditors: amounts falling due within
oneyear 15 (83) (84)
Netcurrent assets 309 431
Total assets less current liabilities 637 551
Creditors: amounts falling due after
morethan one year 16 (219) (128)
Netassets 418 423
Income funds
Restricted funds 17 36 86
Unrestricted funds 382 337
418 423
01/12/2022
The financial statements were approved bytheTrustees ON.......
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N Harland
Trustee

Company Registration No. 04488807

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LIGHTHOUSE HOMES

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

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|||||||||| |---|---|---|---|---|---|---|---|---| |2022|2021| |Notes|£000|£000|£000|£000| |Cash|flows|from|operating|activities| |Cash|(absorbed|by)/generated|from|21| |operations|(95)|238| |Investing|activities| |Purchase|of tangible|fixed|assets|(149)|(112)| |Interest|received|2|3| |Net cash used|in|investing|activities|(147)|(109)| |Financing|activitles| |Proceeds from|borrowings|120|69| |Repayment|of bank|loans|(7)|-| |Net|cash|generated|from|financing| |activities|113|69| |Net|(decrease}/increase|in|cash|and|cash| |equivalents|{129)|198| |Cash|and|cash|equivalents|at|beginning|of year|490|292| |Cash and cash equivalents|at end|of year|361|490|

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information Lighthouse Homes is a private company limited by guarantee incorporated in England and Wales. The registered office is The Lighthouse, 71 Westgate, Rotherham, S60 1BQ.

1.1. Accounting convention

The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)’ (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £000.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concer basis of accounting in preparing the financial statements. During the year, the UK economy was subject to the impact of the coronavirus pandemic. The expected future income and expenditure, together with current reserves allows the charity to continue as a going concem.

1.3 Charitable funds

Unrestricted funds are available for use ai the discretion of the trustees In furtherance of thelr charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. No income is shown net of expenditure.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Goods, facilities and services donated to the charity are recognised as income when the charity is legally entitled to it, the amounts can be measured reliably, and it is probable that income will be received. Grants are credited to revenue when receivable. They are considered receivable when the conditions for the receipt of the grant are deemed, by the trustees, to have been met.

Interest on funds held on deposit is included when receivable and this is normally upon notification of the interest paid or payable by the bank.

Rental income is recognised once the charity has entitlement to the funds, itis probable that the income will be received and the amount can be measured reliably.

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1.5 Resources expended

All expenditure is accounted for on an accruals basis.

Costs relating directly to the objects of the charity, or support costs, are treated as costs in the furtherance of the company’s objects.

Governance costs include expenditure for compliance and management of the company.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings property 2% on cost and [and 0% on cost Fixtures, fittings & equipment 33% on cost Computers 33% on cost Motor vehicles 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

The policy is not to capitalise items below a cost of £1,000.

1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impalrment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (# any).

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

Ifan asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to seil the asset in its entirety to an unrelated third party.

Basic financial llabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilttes classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. .

1.11 Taxation Lighthouse Homes is a registered charity and its primary activities are not subject to Corporation Tax. Value added tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of Financial Activities.

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and Judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds| |2022|2022|2022|2021| |£000|£000|£000|£000| |Donations|and|gifts|93|5|98|25| |For the|year ended|31|March|2021|25|-|

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable activities

2022 2021
£000 £000
Housing benefitand service charges 986 1,089
GovemmentCOVID grant income - 60
Grant income 44 163
Rental income 50 38
1,080 1,350
Analysis byfund
Unrestricted funds 1,036 1,796
Restricted funds 44 154
1,080 1,350

During the year, £211,409 (2021 - £207,580) of income has been generated from properties of which the use/asset has been donated to the charity.

5 Investments

Unrestricted Unrestricted
funds funds
2022 2021
£000 £000
Interest receivable 2 3

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

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6 Charitable activities

2022 2021
£000 £000
Staffcosts
Premisesand service running costs
Repairs &Refurbishment oflighthouse properties
Depreciation		 579
144
145
12		 549
156
151
9
Telephone and utilities
Training		 56
2		 50
3
Leasepayments
Loan interest		 220
5		 217
4
1,163 1,139
Shareofgovernance costs (seenote 7) 22 19
1,185 1,158
Analysls byfund
Unrestrictedfunds
Restrictedfunds		 1,086
99		 1,090
68
1,185 1,158
Governance costs
2022 2021
£000 £000
Auditfees 7 7
Legal and professional
Insurance		 4
11		 2
10
22 19
Analysed between
Charitableactivities 22 19

7 Governance costs

Governance costs includes payments to the auditor of £6,680 (2021- £7,105).

& Trustees

None of the trustees (or any persons connected with them) received any remuneration, benefits or expenses from the charity during the year.

ee

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

a

9Employees

Number of employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Charitable activities 33 33
Employmentcosts 2022 2021
£000 £000
Wages and salaries 535 505
Social security costs 36 32
Other pension costs 8 12
579 549

During the year, there were 13 part-time staff (2021 - 17 part-time staff) and 20 full-time staff (2021 - 16 fulltime staff).

The estimate of the equivalent number of full time staff is 26 employees (2021 - 23 employees).

There were no employees whose annual remuneration was £60,000 or more.

10 Tangible fixed assets

Tangible fixed assets
Landand
buildings		 Fixtures,
fittings&
equipment		 ComputersMotorvehicles vehicles Total
£000 £000 £000 £000 £000
Cost
At 1 April 2021 97 57 28 15 197
Additions
Disposals		 220
-		 -
(2)		 -
(2)		 -
-		 220
(4)
At 31 March 2022 317 55 26 15 413
Depreciation and impairment
At1 April2021 2 55 26 7 90
Depreciation charged in the year 5 1 1 5 12
Eliminated in respect ofdisposals - (2) (2) - (4)
At 31 March 2022 7 54 25 12 98
Carrying amount
At 31 March 2022 310 1 1 3 315
At31March2021 95 2 2 8 107

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

11 Fixed asset investments

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unlisted| |investments| |£000| |Cost|or valuation| |At|1|April|2021|&|31|March|2022|13| |Carrying|amount| |At|31|March 2022|13| |At|31|March|2021|13| |Financial|instruments|2022|2021| |£000|£000| |Carrying|amount|of financial|assets| |Debt|instruments|measured|at amortised|cost|20|19| |Equity|instruments|measured|at fair value|through|profit|or|loss|13|13| |Carrying|amount|of financial|liabilities| |Measured|at amortised|cost|291|203| |Debtors| |2022|2021| |Amounts|falling|due within|one|year:|£000|£000| |Accrued|income|-|Housing|benefit|18|14| |Other debtors|2|5| |Prepayments|and|accrued|income|11|6| |31|25|

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12 Financial instruments

13 Debtors

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14 Loans and overdrafts

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|||||||| |---|---|---|---|---|---|---| |2022|2021| |£000|£000| |Bank|loans|182|69| |Other|loans|66|75| |248|144| |Payable|within|one|year|29|16| |Payable|after one|year|219|128| |Amounts|included|above which|fall|due|after five|years:| |Payable|by instalments|100|59|

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The bank loans are secured by way of legal charges over the properties ai 7 Falding Street, Rotherham and 39 Norton Road, Rotherham.

The other loan is repayable over ten years from 30 November 2017 and interest is charged on the loan at 5%.

Bank loan number 1 is repayable over ten years from 1 January 2021 and interest is charged on the loan at 2.9%.

Bank foan number 2 is repayable over ten years from 2 December 2021 and interest is charged on the loan at 2.9%.

15 Creditors: amounts falling due within one year

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||||||| |---|---|---|---|---|---| |2022|2021| |Notes|£000|£000| |Bank|loans|14|19|7| |Other|borrowings|14|10|9| |Other taxation|and|social|security|10|8| |Trade|creditors|36|50| |Other|creditors|3|4| |Accruals|and|deferred|income|5|6| |83|84|

----- End of picture text -----

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

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16 Creditors: amounts falling due aftermorethan oneyear
2022 2021
Notes £000 £000
Bank loans
Otherborrowings		 14
14		 163
56		 62
66
219 128

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

a

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at
1 April
2020
£000		 Incoming
resources
£000		 Resources
expended
£000		 Balanceat
1 April
2021
£000		 Incoming
resources
£000		 Resources
expended
£000		 Balance at
31 March
2022
£000
Awards For All
Grant-Minibus		 - 10 (3) 7 - (4) 3
Crisis UK - 5 (5) - - - -
Derbyshire
Community-
Computer		 - 5 (5) - - - -
Equipment
South Yorkshire
Community
Foundation		 - 3 (1) 2 - (1) 1
Four Winds
Energy		 - 6 (6) - - - -
All Churches - 3 (3) - - - -
MIND - 5 (1) 4 - {2) 2
Derbyshire
Community - - 5 - 5 - (3) 2
Counselling
Homeless Link - 100 (35) 65 - (65) -
Anchor
Foundation		 . 3 (1) 2 . (2) .
AwardsforAll - 9 (8) 1 - - 1
Beatrice Lang
Foundation		 - - - - 5 - 5
Liz& Terry
Brammhail - - - - 5 - 5
Foundation
Bemard Sunley - - - - 10 (10) -
Awards for all -
Basement		 . . . . 10 ° 10
Oldham
Engineering - - - - 2 - 2
VAR
Albert Hunt		 -
-		 -
-		 -
-		 -
-		 5
7		 -
(7)		 5
-
Restricted
donation		 ° - - - 5 (5) .
- 154 (68) 86 49 (99) 36

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

ee 17 Restricted funds

Awards for All -Minibus - For the purchase of a minibus for the Rotherham Men's project

Crisis UK - For the purchase of gym equipment for the use of residents, especially during the pandemic, across all of the four projects.

Derbyshire County Council - Computer Equipment - For the purchase of computer equipment.

South Yorkshire Community Foundation - For the purchase of computer equipment.

Four Winds Energy - To replace some of the draughty windows at the Shirebrook project.

All Churches - To replace some of the draughty windows at the Shirebrook project.

MIND - For the counselling of individual residents at the Shirebrook project by qualified counsellors.

Derbyshire County Council - For the counselling of individual residents at the Chesterfield project by qualified counsellors.

Homeless Link - Women's project at Wath: Conversion of a twin bedroom to a single by the repurposing of one of the staff offices into an additional bedroom and the refurbishment of a fully accessible shower room, previously only operating as an accessible toilet and wash basin. Rotherham mens: At the Rotherham project 6 men share one large room. The grant has enabled the removal of the existing structure and replaced this with 5 single rooms. New UPVC double glazed windows have been installed, providing natural light for each bedroom. Sound proof walls and fire resistant doors, radiators, plugs sockets, lighting, new flooring, smoke detection to each room and the corridor with an upgrade to the fire detection system. Also, the installation of an additional shower room for the sole use of the new bedrooms. Shirebrook — At The Shirebrook project, 7 men share one large room. The grant will allow the transformation of this space Into single rooms with the installation of additional hot water storage capacity to supply the en-suite bathrooms. Anchor Foundation - For the counselling of Individual residents at the Rotherham Women's project by qualified counsellors.

Awards For All - To enable a garden area to be developed for the use of residents at the Shirebrook project, together with a cooking and eating project and a paid activity co-ordinator to run the project.

Beatrice Lang Foundation, Bemard Sunley, Albert Hunt and restricted donation - Towards the re-construction of the pods into single en-suite bedrooms at the Shirebrook project.

Liz & Terry Brammall Foundation, Oldham Engineering and VAR - Towards the division of bedrooms into single rooms at Lighthouse Rotherham project.

Awards For All - Basement - For the development of the basement at the Rotherham project into a gym/activities room for residents.

=ooie

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LIGHTHOUSE HOMES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 a

18 Analysisof netassetsbetweenfunds Unrestricted
fund		 Restricted
fund		 Total
£000 £000 £000
Fund balances at 31 March 2022 are represented by:
Tangible assets 310 5 315
Investments
Current assets/(liabilities)		 13
278		 -
31		 13
309
Longtenn liabilities (219) - (219)
382 36 418
Analysis of netassets between funds - previous year Unrestricted
fund		 Restricted
fund		 Total
£000 £000 £000
Fund balances at 31 March 2021 are represented by:
Tangibleassets 97 10 107
Investments
Currentassets/(liabilities)		 13
355		 -
76		 13
431
Long term liabilities (128) - (128)
337 86 423
19 Operating lease commitments
Atthe reporting end date the charity had outstanding commitments forfuture		 minimum lease payments under
non-cancellable operating leases, which fall due as follows:
2022 2021
£000 £000
Within one year 161 92
Between twoand five years 157 386
In overfive years 380 418
698 896

20 ~=Related party transactions

During the year the charity entered into the following transactions with related parties:

Donations totalling £6,440 (2021- £585) were received from the trustees and related companies during the year.

During the year the charity paid rent for a property to Rotherham and Deame Valley Circuit totalling £nil (2021 - £6,750). J Hampshire is a trustee of Rotherham and Deame Valley Circuit.

a

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LIGHTHOUSE HOMES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

ee ee ee ee ee
21 Cash generatedfrom operations 2022 2021
£000 £000
(Deficit)/surpus fortheyear (5) 220
Adjustments for:
Investmentincome recognised instatementoffinancial activities (2) (3)
Donated property
Depreciationand impairmentoftangible fixed assets		 (70)
42		 .
9
Loan repaymentsforgoneasdonations (9) (8)
Movements in working capital:
(Increase) indebtors (6) .
Increase/(decrease) increditors (15) 20
Cash (absorbed by)/generatedfromoperations (95) 238
22 Analysis ofchanges in netfunds
At 1 April Cash flows At31 March
2021 2022
£000 £000 £000
Cashatbankand in hand 490 (129) 361
Loans fallingduewithinoneyear (16) (13) (29)
Loans falling dueaftermorethanoneyear (128) (91) (219)
346 (233) 113